RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 1996-11-14
ASSET-BACKED SECURITIES
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                       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) October 24, 1996

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated Trust Agreement, dated as of October 1, 1996, and pursuant to which
an Indenture was entered into,  providing  for, inter alia, the issuance of Home
Equity Loan-Backed Term Notes, Series 1996-HS3)


                  Residential Funding Mortgage Securities II, Inc.
                   (Exact name of registrant as specified in its charter)

         DELAWARE                   33-80419                  41-1808858
(State or Other Jurisdiction    (Commission                (I.R.S. Employer
of Incorporation)                File Number)              Identification No.)


 8400 Normandale Lake Blvd.
 Suite 600
 Minneapolis, Minnesota       55437
 (Address of Principal      (Zip Code)
 Executive Offices)


Registrant's telephone number, including area code, is (612) 832-7000




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Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.

            (a)      Not applicable

            (b)      Not applicable

            (c)      Exhibits:

              4.3  Servicing  Agreement  dated as of  October  1, 1996 among
Residential  Funding  Corporation,  as master  servicer,  1996-HS3  LLC,  as the
limited liability company and The Chase Manhattan Bank, as indenture trustee.

                  4.4 Amended and Restated Trust  Agreement  dated as of October
1, 1996 between  Residential  Funding Mortgage Securities II, Inc., as depositor
and Wilmington Trust Company, as owner trustee.

                  4.5 Indenture  dated as of October 1, 1996 between Home Equity
Loan  Trust  1996-HS3,  as issuer and The Chase  Manhattan  Bank,  as  indenture
trustee.

                  4.6      Operating Agreement of 1996-HS3 LLC.

     10.1 Revolving  Credit Loan Purchase  Agreement dated as of October 1, 1996
by  Residential   Funding  Mortgage   Securities  II,  Inc.,  as  purchaser  and
Residential Funding Corporation, as seller.

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<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.

                                            RESIDENTIAL FUNDING MORTGAGE
                                            SECURITIES II, INC.


                                            By:     /s/ Diane S. Wold
                                            Name:      Diane S. Wold
                                            Title:      Vice President


Dated:  October 30, 1996



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<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.

                                           RESIDENTIAL FUNDING MORTGAGE
                                           SECURITIES II, INC.


                                           By:
                                           Name:      Diane S. Wold
                                           Title:    Vice President


Dated:  October 30, 1996


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                                   EXHIBIT 4.3

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                                   EXHIBIT 4.4

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                                   EXHIBIT 4.5

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                                   EXHIBIT 4.6

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                                  EXHIBIT 10.1


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<PAGE>


                                    EXHIBITS
                             (Intentionally Omitted)

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EXECUTION COPY






                        RESIDENTIAL FUNDING CORPORATION,
                               as Master Servicer,





                                  1996-HS3 LLC
                        as the Limited Liability Company


                                       and


                            THE CHASE MANHATTAN BANK
                              as Indenture Trustee


                             ----------------------

                               SERVICING AGREEMENT

                           Dated as of October 1, 1996

                             ----------------------




                             Revolving Credit Loans








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<PAGE>



                                TABLE OF CONTENTS

                                                                        Page

                                    ARTICLE I

                                   Definitions

Section 1.01.  Definitions........................................  1
Section 1.02.  Other Definitional Provisions......................  2
Section 1.03.  Interest Calculations..............................  2

                          ARTICLE II

                Representations and Warranties

Section 2.01.   Representations and Warranties Regarding the Master
                Servicer...................................................  3
Section 2.02.   Representations and Warranties of the 1996-HS3 LLC.........  4
Section 2.03.   Enforcement of Representations and Warranties..............  4

                          ARTICLE III

                 Administration and Servicing
                   of Revolving Credit Loans

Section 3.01.  The Master Servicer..........................................  6
Section 3.02.  Collection of Certain Revolving Credit Loan Payments.........  8
Section 3.03.  Withdrawals from the Custodial Account....................... 10
Section 3.04.  Maintenance of Hazard Insurance; Property Protection
               Expenses..................................................... 11
Section 3.05.  Modification Agreements...................................... 12
Section 3.06.  Trust Estate; Related Documents.............................. 13
Section 3.07.  Realization Upon Defaulted Revolving Credit Loans............ 13
Section 3.08.  1996-HS3 LLC and Indenture Trustee to Cooperate.............. 15
Section 3.09.  Servicing Compensation; Payment of Certain Expenses by
               Master Servicer.............................................. 16
Section 3.10.  Annual Statement as to Compliance............................ 16
Section 3.11.  Annual Servicing Report...................................... 17
Section 3.12.  Access to Certain Documentation and Information
               Regarding the Revolving Credit Loans......................... 17
Section 3.13.  Maintenance of Certain Servicing Insurance Policies.......... 17
Section 3.14.  Information Required by the Internal Revenue Service and
               Reports of Foreclosures and Abandonments of Mortgaged
               Property..................................................... 17
Section 3.15.  Optional Repurchase of Defaulted Revolving Credit
               Loans........................................................ 18

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                                                    i

<PAGE>


                                                                       Page




                                   ARTICLE IV

                              Servicing Certificate

   Section 4.01.   Statements to Securityholders...................... 19

                              ARTICLE V

              Distribution Account and Payment Account

   Section 5.01.   Distribution Account............................... 21
   Section 5.02.   Payment Account.................................... 21

                             ARTICLE VI

                         The Master Servicer

   Section 6.01.   Liability of the Master Servicer........................ 22
   Section 6.02.   Merger or Consolidation of, or Assumption of the
                   Obligations of, the Master Servicer..................... 22
   Section 6.03.   Limitation on Liability of the Master Servicer and
                   Others.................................................. 22
   Section 6.04.   Master Servicer Not to Resign........................... 23
   Section 6.05.   Delegation of Duties.................................... 23
   Section 6.06.   Master Servicer to Pay Indenture Trustee's and Owner
                   Trustee's Fees and Expenses; Indemnification............ 24

                                   ARTICLE VII

                                     Default

Section 7.01.    Servicing Default.......................................... 26
Section 7.02.    Indenture Trustee to Act; Appointment of Successor......... 28
Section 7.03.    Notification to Securityholders............................ 29

                         ARTICLE VIII

                   Miscellaneous Provisions

Section 8.01.      Amendment........................................ 30
SECTION 8.02.      GOVERNING LAW.................................... 30
Section 8.03.      Notices.......................................... 30
Section 8.04.      Severability of Provisions....................... 30

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                                                                           Page



        Section 8.05.  Third-Party Beneficiaries............................ 31
        Section 8.06.  Counterparts......................................... 31
        Section 8.07.  Effect of Headings and Table of Contents............. 31
        Section 8.08.  Termination Upon Purchase by the Master Servicer or
                       Liquidation of All Revolving Credit Loans; Partial
                       Redemption........................................... 31
        Section 8.09.  Certain Matters Affecting the Indenture Trustee...... 32
        Section 8.10.  Owner Trustee Not Liable for Related Documents....... 32


EXHIBIT A - REVOLVING CREDIT LOAN SCHEDULE...............................A-1
EXHIBIT B - POWER OF ATTORNEY............................................B-1
EXHIBIT C - FORM OF REQUEST FOR RELEASE..................................D-1


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                                       iii

<PAGE>



                  This Servicing Agreement, dated as of October 1, 1996, between
Residential Funding Corporation, as master servicer (the "Master Servicer"), the
1996-HS3 LLC, as the limited  liability  company (the "1996-HS3  LLC"),  and The
Chase Manhattan Bank, as the indenture trustee (the "Indenture Trustee"),


                                           W I T N E S S E T H T H A T:


                  WHEREAS, Residential Funding Mortgage Securities II, Inc. (the
"Depositor")  will  create  1996-HS3  LLC,  a limited  liability  company  under
Delaware law, and will transfer the Revolving Credit Loans and all of its rights
under the  Revolving  Credit Loan  Purchase  Agreement to the 1996-HS3 LLC, as a
capital contribution to the 1996-HS3 LLC;

               WHEREAS,  pursuant to the terms of the  Operating  Agreement  the
          Depositor will  establish two classes of "ownership  interests" in the
          1996-HS3 LLC: the Class A Ownership Interest and the Class B Ownership
          Interest;
                  WHEREAS,  pursuant  to the terms of the Trust  Agreement,  the
Depositor will sell the Class A Ownership Interest to the Issuer in exchange for
the cash proceeds of the Securities;

                  WHEREAS,  pursuant  to the terms of the Trust  Agreement,  the
Issuer will issue and  transfer to or at the  direction  of the  Depositor,  the
Certificates;

                  WHEREAS,  pursuant to the terms of the  Indenture,  the Issuer
will issue and  transfer to or at the  direction  of the  Depositor,  the Notes,
consisting  of the Term Notes and the Variable  Funding Notes and secured by the
Class A Ownership Interest;

                  WHEREAS,  pursuant to the terms of the  Revolving  Credit Loan
Purchase Agreement, the 1996-HS3 LLC will acquire the Revolving Credit Loans and
the Additional Balances; and

                  WHEREAS,  pursuant to the terms of this  Servicing  Agreement,
the Master Servicer will service the Revolving  Credit Loans directly or through
one or more Subservicers;

                  NOW,  THEREFORE,  in  consideration  of the  mutual  covenants
herein contained, the parties hereto agree as follows:

                                    ARTICLE I

                                   Definitions

         Section  1.01.   Definitions.   For  all  purposes  of  this  Servicing
Agreement,  except as otherwise  expressly provided herein or unless the context
otherwise  requires,  capitalized  terms not otherwise defined herein shall have
the meanings  assigned to such terms in the Definitions  contained in Appendix A
to  the  Indenture  which  is  incorporated  by  reference  herein.   All  other
capitalized terms used herein shall have the meanings specified herein.

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               Section  1.02.  Other  Definitional  Provisions.  (a)  All  terms
          defined in this Servicing  Agreement  shall have the defined  meanings
          when  used in any  certificate  or other  document  made or  delivered
          pursuant hereto unless otherwise defined therein.
         (b) As used in this Servicing Agreement and in any certificate or other
document  made or delivered  pursuant  hereto or thereto,  accounting  terms not
defined  in  this  Servicing  Agreement  or in any  such  certificate  or  other
document,  and accounting terms partly defined in this Servicing Agreement or in
any such  certificate or other document,  to the extent not defined,  shall have
the  respective  meanings  given to them  under  generally  accepted  accounting
principles.  To the extent  that the  definitions  of  accounting  terms in this
Servicing   Agreement  or  in  any  such   certificate  or  other  document  are
inconsistent with the meanings of such terms under generally accepted accounting
principles, the definitions contained in this Servicing Agreement or in any such
certificate or other document shall control.

         (c) The words  "hereof,"  "herein,"  "hereunder"  and words of  similar
import  when used in this  Servicing  Agreement  shall  refer to this  Servicing
Agreement  as a whole  and not to any  particular  provision  of this  Servicing
Agreement;  Section and Exhibit references contained in this Servicing Agreement
are references to Sections and Exhibits in or to this Servicing Agreement unless
otherwise  specified;  and the term  "including"  shall mean "including  without
limitation".

         (d)  The  definitions   contained  in  this  Servicing   Agreement  are
applicable  to the singular as well as the plural forms of such terms and to the
masculine as well as the feminine and neuter genders of such terms.

         (e) Any agreement,  instrument or statute defined or referred to herein
or in any instrument or certificate  delivered in connection herewith means such
agreement,  instrument  or statute  as from time to time  amended,  modified  or
supplemented and includes (in the case of agreements or instruments)  references
to all attachments thereto and instruments incorporated therein; references to a
Person are also to its permitted successors and assigns.

         Section  1.03.  Interest  Calculations.  All  calculations  of interest
hereunder  that are made in respect of the Loan  Balance of a  Revolving  Credit
Loan shall be made on a daily basis using a 365-day year.  All  calculations  of
interest on the  Securities  shall be made on the basis of the actual  number of
days in an  Interest  Period and a year  assumed  to  consist  of 360 days.  The
calculation  of the  Servicing  Fee shall be made on the basis of a 360-day year
consisting of twelve 30-day  months.  All dollar  amounts  calculated  hereunder
shall be rounded to the nearest  penny with  one-half of one penny being rounded
up.

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                                                         2

<PAGE>



                                   ARTICLE II

                         Representations and Warranties

         Section  2.01.  Representations  and  Warranties  Regarding  the Master
Servicer.  The Master  Servicer  represents and warrants to the 1996-HS3 LLC and
for the benefit of the  Indenture  Trustee,  as pledgee of the Class A Ownership
Interest, as of the Cut-off Date:

                         (i)  The  Master   Servicer  is  a   corporation   duly
         organized,  validly existing and in good standing under the laws of the
         State of Delaware and has the corporate  power to own its assets and to
         transact  the  business in which it is  currently  engaged.  The Master
         Servicer is duly qualified to do business as a foreign  corporation and
         is in good standing in each  jurisdiction in which the character of the
         business  transacted by it or properties owned or leased by it requires
         such  qualification and in which the failure to so qualify would have a
         material  adverse  effect  on  the  business,  properties,  assets,  or
         condition (financial or other) of the Master Servicer;

                        (ii) The Master  Servicer has the power and authority to
         make, execute,  deliver and perform this Servicing Agreement and all of
         the transactions  contemplated under this Servicing Agreement,  and has
         taken all  necessary  corporate  action  to  authorize  the  execution,
         delivery and performance of this Servicing Agreement. When executed and
         delivered,  this Servicing  Agreement will constitute the legal,  valid
         and binding obligation of the Master Servicer enforceable in accordance
         with its terms,  except as  enforcement of such terms may be limited by
         bankruptcy,  insolvency or similar laws  affecting the  enforcement  of
         creditors'  rights  generally  and by  the  availability  of  equitable
         remedies;

                       (iii) The Master  Servicer is not  required to obtain the
         consent  of any  other  Person or any  consent,  license,  approval  or
         authorization   from,  or   registration   or  declaration   with,  any
         governmental  authority,  bureau  or  agency  in  connection  with  the
         execution,  delivery,  performance,  validity or enforceability of this
         Servicing  Agreement,  except for such  consent,  license,  approval or
         authorization,  or  registration  or  declaration,  as shall  have been
         obtained or filed, as the case may be;

                        (iv)  The  execution  and  delivery  of  this  Servicing
         Agreement and the performance of the transactions  contemplated  hereby
         by the Master  Servicer  will not violate any provision of any existing
         law or regulation or any order or decree of any court applicable to the
         Master Servicer or any provision of the Certificate of Incorporation or
         Bylaws of the Master  Servicer,  or constitute a material breach of any
         mortgage,  indenture,  contract or other  agreement to which the Master
         Servicer is a party or by which the Master Servicer may be bound; and

                         (v) No  litigation or  administrative  proceeding of or
         before any court,  tribunal or governmental body is currently  pending,
         or to the  knowledge  of the Master  Servicer  threatened,  against the
         Master  Servicer  or any of its  properties  or  with  respect  to this
         Servicing  Agreement  or the  Securities  which in the  opinion  of the
         Master Servicer

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                                                         3

<PAGE>



         has a reasonable  likelihood of resulting in a material  adverse effect
         on the transactions contemplated by this Servicing Agreement.

         The  foregoing   representations   and  warranties  shall  survive  any
termination of the Master Servicer hereunder.

         Section 2.02.  Representations  and Warranties of the 1996-HS3 LLC. The
1996-HS3 LLC hereby  represents and warrants to the Master  Servicer and for the
benefit of the Indenture Trustee,  as pledgee of the Class A Ownership Interest,
as of the Cut-off Date:

               (i) The  1996-HS3  LLC is a  limited  liability  company  in good
          standing under the laws of the State of Delaware;

                        (ii) The  1996-HS3  LLC has full  power,  authority  and
         legal right to execute  and deliver  this  Servicing  Agreement  and to
         perform its obligations under this Servicing  Agreement,  and has taken
         all  necessary   action  to  authorize  the  execution,   delivery  and
         performance by it of this Servicing Agreement; and

                       (iii) The  execution  and delivery by the 1996-HS3 LLC of
         this Servicing Agreement and the performance by the 1996-HS3 LLC of its
         obligations  under  this  Servicing  Agreement  will  not  violate  any
         provision of any law or  regulation  governing  the 1996-HS3 LLC or any
         order,   writ,   judgment  or  decree  of  any  court,   arbitrator  or
         governmental  authority or agency applicable to the 1996-HS3 LLC or any
         of its assets. Such execution, delivery, authentication and performance
         will not require the authorization,  consent or approval of, the giving
         of notice  to, the filing or  registration  with,  or the taking of any
         other  action with  respect to, any  governmental  authority  or agency
         regulating  the  activities  of  limited  liability   companies.   Such
         execution,  delivery,  authentication and performance will not conflict
         with,  or result in a breach or  violation  of, any  mortgage,  deed of
         trust, lease or other agreement or instrument to which the 1996-HS3 LLC
         is bound.

         Section 2.03. Enforcement of Representations and Warranties. The Master
Servicer, on behalf of and subject to the direction of the Indenture Trustee, as
pledgee of the Class A Ownership  Interest,  or the Issuer,  as Managing Member,
shall enforce the  representations  and warranties of the Seller pursuant to the
Revolving Credit Loan Purchase Agreement.  Upon the discovery by the Seller, the
Depositor,  the Master Servicer, the Indenture Trustee, the Credit Enhancer, the
1996-HS3  LLC,  the  Issuer,  or  any  Custodian  of a  breach  of  any  of  the
representations  and  warranties  made in the  Revolving  Credit  Loan  Purchase
Agreement,  in  respect  of any  Revolving  Credit  Loan  which  materially  and
adversely affects the interests of the  Securityholders  or the Credit Enhancer,
the party  discovering such breach shall give prompt written notice to the other
parties (any  Custodian  being so obligated  under a Custodial  Agreement).  The
Master  Servicer  shall  promptly  notify the Seller of such  breach and request
that, pursuant to the terms of the Revolving Credit Loan Purchase Agreement, the
Seller either (i) cure such breach in all material respects within 45 days (with
respect to a breach of the representations  and warranties  contained in Section
3.1(a) of the Revolving Credit Loan Purchase Agreement) or 90 days (with respect
to a breach of the representations and warranties contained in Section 3.1(b) of
the Revolving Credit Loan Purchase Agreement) from the date the Seller

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                                                         4

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was notified of such breach or (ii) purchase such Revolving Credit Loan from the
1996-HS3  LLC at the price and in the manner set forth in Section  3.1(b) of the
Revolving  Credit  Loan  Purchase  Agreement;  provided  that the Seller  shall,
subject  to the  conditions  set forth in the  Revolving  Credit  Loan  Purchase
Agreement,  have the option to substitute an Eligible  Substitute  Loan or Loans
for such  Revolving  Credit  Loan.  In the  event  that  the  Seller  elects  to
substitute one or more Eligible  Substitute  Loans pursuant to Section 3.1(b) of
the Revolving  Credit Loan Purchase  Agreement,  the Seller shall deliver to the
1996-HS3 LLC with respect to such Eligible Substitute Loans, the original Credit
Line  Agreement,  the Mortgage,  and such other  documents and agreements as are
required by the  Revolving  Credit Loan  Purchase  Agreement.  Payments due with
respect to Eligible  Substitute Loans in the month of substitution  shall not be
transferred to the 1996-HS3 LLC and will be retained by the Master  Servicer and
remitted  by the Master  Servicer to the Seller on the next  succeeding  Payment
Date provided a payment at least equal to the applicable Minimum Monthly Payment
has been received by the 1996-HS3 LLC for such month in respect of the Revolving
Credit  Loan to be  removed.  The  Master  Servicer  shall  amend or cause to be
amended  the  Revolving  Credit  Loan  Schedule  to reflect  the removal of such
Revolving Credit Loan and the substitution of the Eligible  Substitute Loans and
the Master  Servicer shall promptly  deliver the amended  Revolving  Credit Loan
Schedule to the Owner Trustee and Indenture Trustee.

         It is understood  and agreed that the  obligation of the Seller to cure
such breach or purchase or substitute for such Revolving Credit Loan as to which
such a breach has occurred and is continuing  shall  constitute  the sole remedy
respecting such breach available to the 1996- HS3 LLC and the Indenture Trustee,
as pledgee of the Class A Ownership Interest,  against the Seller. In connection
with the purchase of or substitution  for any such Revolving  Credit Loan by the
Seller,  the 1996-HS3 LLC shall assign to the Seller all of its right, title and
interest in respect of the Revolving Credit Loan Purchase  Agreement  applicable
to such Revolving  Credit Loan.  Upon receipt of the Repurchase  Price,  or upon
completion of such substitution,  the Master Servicer shall notify the Custodian
and then the Custodian shall deliver the Mortgage Files to the Master  Servicer,
together with all relevant  endorsements and assignments  prepared by the Master
Servicer which the Indenture Trustee shall execute.

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<PAGE>



                                   ARTICLE III

                          Administration and Servicing
                            of Revolving Credit Loans

         Section  3.01.  The  Master  Servicer.  (a) The Master  Servicer  shall
service  and  administer  the  Revolving  Credit  Loans  in a  manner  generally
consistent  with the terms of the Program Guide and in a manner  consistent with
the terms of this Servicing Agreement and which shall be normal and usual in its
general mortgage  servicing  activities and shall have full power and authority,
acting alone or through a  subservicer,  to do any and all things in  connection
with such servicing and administration which it may deem necessary or desirable,
it being understood, however, that the Master Servicer shall at all times remain
responsible to the 1996-HS3 LLC, the Indenture Trustee,  as pledgee of the Class
A Ownership  Interest;  and for the  performance  of its duties and  obligations
hereunder in  accordance  with the terms hereof and the Program  Guide.  Without
limiting the generality of the foregoing,  the Master  Servicer shall  continue,
and is hereby  authorized  and  empowered by the 1996-HS3 LLC and the  Indenture
Trustee, as pledgee of the Class A Ownership  Interest,  to execute and deliver,
on behalf of itself,  the 1996- HS3 LLC, the  Indenture  Trustee or any of them,
any and all instruments of satisfaction or  cancellation,  or of partial or full
release or discharge and all other  comparable  instruments  with respect to the
Revolving Credit Loans and with respect to the Mortgaged  Properties.  The 1996-
HS3 LLC, the Indenture Trustee and the Custodian,  as applicable,  shall furnish
the Master Servicer with any powers of attorney and other documents necessary or
appropriate  to  enable  the  Master  Servicer  to carry out its  servicing  and
administrative  duties hereunder.  In addition,  the Master Servicer may, at its
own discretion and on behalf of the Indenture Trustee, obtain credit information
in the form of a "credit score" from a credit  repository.  On the Closing Date,
the Indenture  Trustee  shall deliver to the Master  Servicer a limited power of
attorney substantially in the form of Exhibit B hereto.

         If the Mortgage relating to a Revolving Credit Loan did not have a lien
senior to the Revolving Credit Loan on the related Mortgaged  Property as of the
Cut-off Date, then the Master Servicer, in such capacity, may not consent to the
placing  of a lien  senior  to that of the  Mortgage  on the  related  Mortgaged
Property.  If the Mortgage relating to a Revolving Credit Loan had a lien senior
to the Revolving Credit Loan on the related Mortgaged Property as of the Cut-off
Date, then the Master Servicer, in such capacity, may consent to the refinancing
of the prior senior lien; provided that (i) the resulting Combined Loan-to-Value
Ratio  of such  Revolving  Credit  Loan is no  higher  than the  greater  of the
Combined Loan-to-Value Ratio prior to such refinancing and 70% (or 80% for those
borrowers with a FICO "credit score" of 700 or greater),  (ii) the interest rate
for the  loan  evidencing  the  refinanced  senior  lien is no  higher  than the
interest rate on the loan evidencing the existing senior lien immediately  prior
to the date of such  refinancing;  provided  however if the loan  evidencing the
existing  senior lien prior to the date of refinancing is an adjustable rate and
the loan  evidencing the refinanced  senior lien is a fixed rate lien,  then the
loan  evidencing  the  refinanced  senior lien may be up to 2.0% higher than the
loan  evidencing  the  existing  senior lien and (iii) the loan  evidencing  the
refinanced senior lien is not subject to negative amortization.


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                                                         6

<PAGE>



         In connection  with  servicing the Revolving  Credit Loans,  the Master
Servicer may take  reasonable  actions to encourage or effect the termination of
Loan Agreements that have become dormant.

         The  relationship  of the Master  Servicer (and of any successor to the
Master Servicer as servicer under this Servicing  Agreement) to the 1996-HS3 LLC
under this  Servicing  Agreement  is  intended  by the  parties to be that of an
independent contractor and not that of a joint venturer, partner or agent.

         (b) The Master  Servicer may enter into  Subservicing  Agreements  with
Subservicers  for the servicing and  administration  of certain of the Revolving
Credit Loans.  References in this Servicing  Agreement to actions taken or to be
taken by the Master  Servicer in servicing  the  Revolving  Credit Loans include
actions taken or to be taken by a Subservicer  on behalf of the Master  Servicer
and any amount  received by such  Subservicer  in respect of a Revolving  Credit
Loan shall be deemed to have been received by the Master Servicer whether or not
actually received by the Master Servicer.  Each  Subservicing  Agreement will be
upon such  terms and  conditions  as are not  inconsistent  with this  Servicing
Agreement and as the Master Servicer and the Subservicer  have agreed.  With the
approval of the Master  Servicer,  a  Subservicer  may  delegate  its  servicing
obligations  to  third-party  servicers,   but  such  Subservicers  will  remain
obligated under the related Subservicing Agreements. The Master Servicer and the
Subservicer  may enter into amendments to the related  Subservicing  Agreements;
provided, however, that any such amendments shall not cause the Revolving Credit
Loans to be serviced in a manner that would be materially  inconsistent with the
standards set forth in this Servicing  Agreement.  The Master  Servicer shall be
entitled to terminate any  Subservicing  Agreement in accordance  with the terms
and  conditions  thereof and without any  limitation by virtue of this Servicing
Agreement;   provided,  however,  that  in  the  event  of  termination  of  any
Subservicing  Agreement by the Master  Servicer or the  Subservicer,  the Master
Servicer  shall either act as servicer of the related  Revolving  Credit Loan or
enter into a Subservicing  Agreement with a successor  Subservicer which will be
bound by the terms of the related  Subservicing  Agreement.  The Master Servicer
shall  be  entitled  to  enter  into  any  agreement  with  a  Subservicer   for
indemnification  of the Master Servicer and nothing  contained in this Servicing
Agreement shall be deemed to limit or modify such indemnification.

         In the event  that the  rights,  duties and  obligations  of the Master
Servicer are terminated  hereunder,  any successor to the Master Servicer in its
sole  discretion may, to the extent  permitted by applicable law,  terminate the
existing  Subservicing  Agreement with any  Subservicer  in accordance  with the
terms of the applicable  Subservicing  Agreement or assume the terminated Master
Servicer's  rights and obligations under such  subservicing  arrangements  which
termination or assumption will not violate the terms of such arrangements.

         As part of its servicing activities hereunder, the Master Servicer, for
the benefit of the 1996-HS3  LLC,  shall use  reasonable  efforts to enforce the
obligations of each Subservicer under the related Subservicing Agreement, to the
extent that the  non-performance  of any such  obligation  would have a material
adverse effect on a Revolving Credit Loan. Such enforcement,  including, without
limitation,  the  legal  prosecution  of  claims,  termination  of  Subservicing
Agreements and the pursuit of other appropriate remedies,  shall be in such form
and  carried out to such an extent and at such time as the Master  Servicer,  in
its good faith business judgment,

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                                                         7

<PAGE>



would  require  were it the owner of the related  Revolving  Credit  Loans.  The
Master Servicer shall pay the costs of such enforcement at its own expense,  and
shall be reimbursed  therefor only (i) from a general  recovery  resulting  from
such  enforcement to the extent,  if any, that such recovery exceeds all amounts
due in  respect of the  related  Revolving  Credit  Loan or (ii) from a specific
recovery of costs,  expenses or attorneys  fees  against the party  against whom
such enforcement is directed.

         Section 3.02. Collection of Certain Revolving Credit Loan Payments. (a)
The Master Servicer shall make reasonable efforts to collect all payments called
for under the terms and provisions of the Revolving  Credit Loans, and shall, to
the extent such procedures shall be consistent with this Servicing Agreement and
generally  consistent with the Program Guide, follow such collection  procedures
as shall be  normal  and usual in its  general  mortgage  servicing  activities.
Consistent  with the  foregoing,  and without  limiting  the  generality  of the
foregoing,  the Master Servicer may in its discretion (i) waive any late payment
charge,  penalty  interest or other fees which may be  collected in the ordinary
course of servicing such Revolving Credit Loan and (ii) arrange with a Mortgagor
a schedule  for the payment of principal  and interest due and unpaid;  provided
such arrangement is consistent with the Master Servicer's  policies with respect
to home equity revolving credit loans;  provided,  further, that notwithstanding
such arrangement such Revolving Credit Loans will be included in the information
regarding   delinquent  Revolving  Credit  Loans  set  forth  in  the  Servicing
Certificate. The Master Servicer may also extend the Due Date for payment due on
a Revolving Credit Loan in accordance with the Program Guide, provided, however,
that the Master Servicer shall first determine that any such waiver or extension
will not impair the  coverage  of any  related  insurance  policy or  materially
adversely  affect  the lien of the  related  Mortgage  or the  interests  of the
Securityholder  or the  Credit  Enhancer.  Consistent  with  the  terms  of this
Servicing Agreement, the Master Servicer may also waive, modify or vary any term
of any Revolving Credit Loan (including  reduce the Credit Limit with respect to
any Revolving Credit Loan) or consent to the  postponement of strict  compliance
with any such term or in any manner grant  indulgence to any Mortgagor if in the
Master  Servicer's  determination  such waiver,  modification,  postponement  or
indulgence is not materially adverse to the interests of the  Securityholders or
the Credit Enhancer,  provided, however, that the Master Servicer may not modify
or permit any Subservicer to modify any Revolving Credit Loan (including without
limitation any modification that would change the Loan Rate, forgive the payment
of any principal or interest  (unless in connection  with the liquidation of the
related  Revolving  Credit  Loan) or  extend  the  final  maturity  date of such
Revolving  Credit Loan) unless such  Revolving  Credit Loan is in default or, in
the judgment of the Master Servicer, such default is reasonably foreseeable.  In
addition,  if a Revolving  Credit Loan is in default or, in the  judgment of the
Master  Servicer,  such default is reasonably  foreseeable,  the Master Servicer
may,  through  modification,  convert  such  Revolving  Credit  Loan  to a fully
amortizing closed-end loan.  Notwithstanding the foregoing,  the Master Servicer
in  its  sole  discretion  may  permit  the  Mortgagor  (or  may  enter  into  a
modification agreement which will allow the Mortgagor) to make monthly payments,
with respect to any Billing  Cycle during the related Draw Period,  in a minimum
amount that will be equal to the related finance charge for such Billing Cycle.

         (b) The Master  Servicer  shall  establish a Custodial  Account,  which
shall be an Eligible Account in which the Master Servicer shall deposit or cause
to be deposited any amounts representing  payments and collections in respect of
the Revolving Credit Loans received

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                                                         8

<PAGE>



by it  subsequent  to the Cut-off  Date  (other than in respect of the  payments
referred  to in the  following  paragraph)  within one  Business  Day  following
receipt  thereof (or otherwise on or prior to the Closing  Date),  including the
following payments and collections received or made by it (without duplication):

                         (i) all  payments  of  principal  of or interest on the
         Revolving  Credit  Loans  received  by the  Master  Servicer  from  the
         respective  Subservicer,  net of any  portion of the  interest  thereof
         retained by the Subservicer as Subservicing Fees;

               (ii) the aggregate Repurchase Price of the Revolving Credit Loans
          purchased by the Master Servicer pursuant to Section 3.15;

               (iii) Net  Liquidation  Proceeds  net of any related  Foreclosure
          Profit;
                        (iv)  all  proceeds  of  any   Revolving   Credit  Loans
         repurchased  by the  Seller  pursuant  to  the  Revolving  Credit  Loan
         Purchase Agreement, and all Substitution Adjustment Amounts required to
         be  deposited  in  connection  with  the  substitution  of an  Eligible
         Substitute  Loan  pursuant  to  the  Revolving   Credit  Loan  Purchase
         Agreement;

               (v)  insurance  proceeds,  other than Net  Liquidation  Proceeds,
          resulting  from  any  insurance  policy   maintained  on  a  Mortgaged
          Property; and

               (vi) amounts required to be paid by the Master Servicer  pursuant
          to Section 8.08.

provided,  however,  that with  respect to each  Collection  Period,  the Master
Servicer  shall be permitted  to retain from  payments in respect of interest on
the Revolving Credit Loans, the Master Servicing Fee for such Collection Period.
The foregoing  requirements  respecting  deposits to the  Custodial  Account are
exclusive,  it being  understood  that,  without  limiting the generality of the
foregoing, the Master Servicer need not deposit in the Custodial Account amounts
representing  Foreclosure  Profits,  fees (including annual fees) or late charge
penalties, payable by Mortgagors, or amounts received by the Master Servicer for
the  accounts  of  Mortgagors  for  application  towards  the  payment of taxes,
insurance  premiums,  assessments and similar items. In the event any amount not
required to be deposited in the Custodial  Account is so  deposited,  the Master
Servicer may at any time withdraw such amount from the  Custodial  Account,  any
provision  herein to the contrary  notwithstanding.  The  Custodial  Account may
contain  funds that belong to one or more trust  funds  created for the notes or
certificates of other series and may contain other funds respecting  payments on
revolving  credit or other  mortgage loans  belonging to the Master  Servicer or
serviced  or master  serviced  by it on behalf of others.  Notwithstanding  such
commingling of funds,  the Master  Servicer  shall keep records that  accurately
reflect the funds on deposit in the Custodial  Account that have been identified
by it as being  attributable  to the  Revolving  Credit Loans and shall hold all
collections in the Custodial Account to the extent they represent collections on
the Revolving Credit Loans for the benefit of the 1996-HS3 LLC and the Indenture
Trustee,  as their  interests may appear.  The Master  Servicer shall retain all
Foreclosure Profits as additional servicing compensation.


[NY01:227422.4]  16069-00369  10/28/96 5:11pm
                                                         9

<PAGE>



         The Master Servicer may cause the institution maintaining the Custodial
Account to invest any funds in the  Custodial  Account in Permitted  Investments
(including obligations of the Master Servicer or any of its Affiliates,  if such
obligations otherwise qualify as Permitted Investments),  which shall mature not
later than the  Business  Day next  preceding  the Payment Date and shall not be
sold or disposed of prior to its maturity.  Except as provided above, all income
and gain  realized  from any such  investment  shall inure to the benefit of the
Master  Servicer  and shall be subject to its  withdrawal  or order from time to
time.  The amount of any losses  incurred in respect of the principal  amount of
any such investments  shall be deposited in the Custodial  Account by the Master
Servicer out of its own funds immediately as realized.

         (c) The Master Servicer will require each Subservicer to hold all funds
constituting  collections  on the  Revolving  Credit Loans,  pending  remittance
thereof to the Master Servicer, in one or more accounts meeting the requirements
of an Eligible Account, and invested in Permitted Investments,  unless, all such
collections  are  remitted on a daily basis to the Master  Servicer  for deposit
into the Custodial Account.

         Section  3.03.  Withdrawals  from the  Custodial  Account.  The  Master
Servicer shall, from time to time as provided herein,  make withdrawals from the
Custodial  Account of amounts on deposit  therein  pursuant to Section 3.02 that
are attributable to the Revolving Credit Loans for the following purposes:

                         (i) to  deposit  in the  Distribution  Account,  on the
         Business  Day  prior  to each  Payment  Date,  an  amount  equal to the
         Security Collections required to be distributed on such Payment Date;

                        (ii)  prior  to  either  an  Amortization  Event  or the
         Collection  Period preceding the end of the Revolving Period, to pay to
         the Seller,  the amount of any Additional  Balances as and when created
         during the related  Collection  Period,  provided,  that the  aggregate
         amount so paid to the Seller in respect of  Additional  Balances at any
         time  during  any  Collection  Period  shall not  exceed  the amount of
         Principal Collections theretofore received for such Collection Period;

                       (iii) to the extent  deposited to the Custodial  Account,
         to  reimburse   itself  or  the  related   Subservicer  for  previously
         unreimbursed  expenses  incurred in  maintaining  individual  insurance
         policies  pursuant  to Section  3.04,  or  Liquidation  Expenses,  paid
         pursuant  to Section  3.07 or  otherwise  reimbursable  pursuant to the
         terms of this Servicing  Agreement (to the extent not payable  pursuant
         to  Section  3.09),  such  withdrawal  right  being  limited to amounts
         received  on  particular   Revolving   Credit  Loans  (other  than  any
         Repurchase Price in respect thereof) which represent late recoveries of
         the  payments  for which  such  advances  were  made,  or from  related
         Liquidation  Proceeds or the proceeds of the purchase of such Revolving
         Credit Loan;

                        (iv) to pay to itself out of each  payment  received  on
         account of  interest  on a Revolving  Credit  Loan as  contemplated  by
         Section 3.09, an amount equal to the related  Master  Servicing Fee (to
         the extent not retained  pursuant to Section  3.02),  and to pay to any
         Subservicer  any  Subservicing  Fees  not  previously  withheld  by the
         Subservicer;

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                                                        10

<PAGE>




                         (v) to the extent deposited in the Custodial Account to
         pay to itself as  additional  servicing  compensation  any  interest or
         investment  income earned on funds deposited in the Custodial  Account,
         Distribution  Account  and  Payment  Account  that  it is  entitled  to
         withdraw pursuant to Sections 3.02(b) and 5.01;

               (vi) to the extent deposited in the Custodial Account,  to pay to
          itself as additional  servicing  compensation any Foreclosure  Profits
          (to the extent permitted by law);

                       (vii) to pay to itself or the Seller, with respect to any
         Revolving Credit Loan or property  acquired in respect thereof that has
         been  purchased  or  otherwise  transferred  to the Seller,  the Master
         Servicer or other entity, all amounts received thereon and not required
         to be  distributed  to  Securityholders  as of the  date on  which  the
         related Purchase Price or Repurchase Price is determined;

               (viii) to withdraw  any other amount  deposited in the  Custodial
          Account  that was not  required to be  deposited  therein  pursuant to
          Section 3.02; and

               (ix) after the occurrence of an Amortization Event, to pay to the
          Seller, the Excluded Amount for each Revolving Credit Loan.

Since, in connection with withdrawals  pursuant to clauses (iii), (iv), (vi) and
(vii), the Master  Servicer's  entitlement  thereto is limited to collections or
other recoveries on the related Revolving Credit Loan, the Master Servicer shall
keep and maintain separate  accounting,  on a Revolving Credit Loan by Revolving
Credit  Loan  basis,  for the  purpose of  justifying  any  withdrawal  from the
Custodial Account pursuant to such clauses.  Notwithstanding any other provision
of this Servicing Agreement,  the Master Servicer shall be entitled to reimburse
itself for any previously  unreimbursed  expenses  incurred  pursuant to Section
3.07 or otherwise reimbursable pursuant to the terms of this Servicing Agreement
that the Master Servicer determines to be otherwise  nonrecoverable (except with
respect to any Revolving  Credit Loan as to which the Repurchase  Price has been
paid),  by withdrawal  from the Custodial  Account of amounts on deposit therein
attributable  to the  Revolving  Credit  Loans on any  Business Day prior to the
Payment Date succeeding the date of such determination.

         Section 3.04.  Maintenance  of Hazard  Insurance;  Property  Protection
Expenses.  The Master  Servicer  shall cause to be maintained for each Revolving
Credit Loan hazard insurance  naming the Master Servicer or related  Subservicer
as loss payee thereunder  providing  extended  coverage in an amount which is at
least equal to the lesser of (i) the maximum insurable value of the improvements
securing  such  Revolving  Credit  Loan from  time to time or (ii) the  combined
principal  balance  owing on such  Revolving  Credit Loan and any mortgage  loan
senior to such Revolving Credit Loan from time to time; provided,  however, that
such  coverage  may not be less  than  the  minimum  amount  required  to  fully
compensate  for any loss or damage  on a  replacement  cost  basis.  The  Master
Servicer   shall  also  cause  to  be  maintained  on  property   acquired  upon
foreclosure,  or deed in lieu of foreclosure, of any Revolving Credit Loan, fire
insurance  with  extended  coverage in an amount  which is at least equal to the
amount necessary to avoid the application of any  co-insurance  clause contained
in the related hazard insurance policy. Amounts collected by the Master Servicer
under any such policies (other than amounts

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                                                        11

<PAGE>



to be applied to the restoration or repair of the related Mortgaged  Property or
property thus acquired or amounts  released to the Mortgagor in accordance  with
the Master  Servicer's  normal servicing  procedures)  shall be deposited in the
Custodial  Account to the extent  called for by Section  3.02. In cases in which
any  Mortgaged  Property  is located at any time  during the life of a Revolving
Credit Loan in a federally  designated  flood area,  the hazard  insurance to be
maintained for the related  Revolving  Credit Loan shall include flood insurance
(to the extent available). All such flood insurance shall be in amounts equal to
the lesser of (i) the amount  required to  compensate  for any loss or damage to
the Mortgaged  Property on a replacement  cost basis and (ii) the maximum amount
of such  insurance  available  for the  related  Mortgaged  Property  under  the
national flood insurance program (assuming that the area in which such Mortgaged
Property is located is participating in such program). The Master Servicer shall
be under no  obligation  to require that any  Mortgagor  maintain  earthquake or
other additional  insurance and shall be under no obligation  itself to maintain
any such  additional  insurance  on property  acquired in respect of a Revolving
Credit Loan,  other than pursuant to such  applicable  laws and  regulations  as
shall at any time be in force and as shall require such additional insurance. If
the Master  Servicer shall obtain and maintain a blanket policy  consistent with
its general mortgage servicing  activities insuring against hazard losses on all
of the Revolving Credit Loans, it shall conclusively be deemed to have satisfied
its  obligations  as set forth in the first  sentence of this Section  3.04,  it
being understood and agreed that such policy may contain a deductible clause, in
which case the Master  Servicer  shall,  in the event that there  shall not have
been maintained on the related  Mortgaged  Property a policy  complying with the
first sentence of this Section 3.04 and there shall have been a loss which would
have been covered by such policy,  deposit in the  Custodial  Account the amount
not  otherwise  payable  under the  blanket  policy  because of such  deductible
clause.  Any  such  deposit  by the  Master  Servicer  shall be made on the last
Business Day of the  Collection  Period in the month in which payments under any
such policy would have been  deposited in the Custodial  Account.  In connection
with its  activities  as  servicer of the  Revolving  Credit  Loans,  the Master
Servicer  agrees to  present,  on behalf of  itself,  the  1996-HS3  LLC and the
Indenture Trustee, claims under any such blanket policy.

         Section  3.05.  Modification  Agreements.  The Master  Servicer  or the
related  Subservicer,  as the case  may be,  shall be  entitled  to (A)  execute
assumption agreements,  substitution agreements, and instruments of satisfaction
or  cancellation  or of  partial  or full  release  or  discharge,  or any other
document   contemplated  by  this  Servicing   Agreement  and  other  comparable
instruments  with respect to the Revolving  Credit Loans and with respect to the
Mortgaged  Properties  subject to the  Mortgages  (and the  1996-HS3 LLC and the
Indenture  Trustee each shall promptly  execute any such documents on request of
the Master  Servicer)  and (B)  approve the  granting of an easement  thereon in
favor of another Person,  any alteration or demolition of the related  Mortgaged
Property or other similar  matters,  if it has  determined,  exercising its good
faith  business  judgment in the same manner as it would if it were the owner of
the related  Revolving  Credit Loan,  that the security  for, and the timely and
full  collectability  of,  such  Revolving  Credit  Loan would not be  adversely
affected  thereby.  A partial  release  pursuant to this  Section  3.05 shall be
permitted only if the Combined  Loan-to-Value  Ratio for such  Revolving  Credit
Loan after such partial release does not exceed the Combined Loan-to-Value Ratio
for such Revolving  Credit Loan as of the Cut-off Date. Any fee collected by the
Master  Servicer or the related  Subservicer for processing such request will be
retained by the Master  Servicer or such  Subservicer  as  additional  servicing
compensation.


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                                                        12

<PAGE>



         Section 3.06. Trust Estate; Related Documents. (a) When required by the
provisions  of this  Servicing  Agreement,  the  1996-HS3  LLC or the  Indenture
Trustee  shall  execute  instruments  to release  property from the terms of the
Operating  Agreement,  or convey the 1996- HS3 LLC's or the Indenture  Trustee's
interest  in the  same,  in a  manner  and  under  circumstances  which  are not
inconsistent with the provisions of this Servicing  Agreement.  No party relying
upon an  instrument  executed by the  1996-HS3 LLC or the  Indenture  Trustee as
provided in this Section 3.06 shall be bound to ascertain the 1996-HS3  LLC's or
the  Indenture  Trustee's  authority,  inquire  into  the  satisfaction  of  any
conditions precedent or see to the application of any moneys.

         (b) If from  time to time the  Master  Servicer  shall  deliver  to the
Custodian copies of any written assurance,  assumption agreement or substitution
agreement or other similar  agreement  pursuant to Section  3.05,  the Custodian
shall check that each of such documents purports to be an original executed copy
(or a copy of the original  executed  document if the original executed copy has
been  submitted for recording and has not yet been  returned)  and, if so, shall
file such  documents,  and upon receipt of the original  executed  copy from the
applicable  recording  office or  receipt  of a copy  thereof  certified  by the
applicable  recording  office shall file such originals or certified copies with
the Related Documents. If any such documents submitted by the Master Servicer do
not meet the above qualifications,  such documents shall promptly be returned by
the Custodian to the Master Servicer, with a direction to the Master Servicer to
forward the correct documentation.

         (c) Upon  receipt of a Request  for Release  from the Master  Servicer,
substantially  in the form of Exhibit C to the effect  that a  Revolving  Credit
Loan has been the  subject of a final  payment or a  prepayment  in full and the
related  Revolving  Credit Loan has been  terminated or that  substantially  all
Liquidation  Proceeds which have been  determined by the Master  Servicer in its
reasonable  judgment to be finally  recoverable  have been  recovered,  and upon
deposit to the Custodial  Account of such final monthly  payment,  prepayment in
full together with accrued and unpaid  interest to the date of such payment with
respect to such Revolving Credit Loan or, if applicable,  Liquidation  Proceeds,
the  Custodian  shall  promptly  release  the  Related  Documents  to the Master
Servicer,  which the Indenture Trustee shall execute,  along with such documents
as the Master Servicer or the Mortgagor may request to evidence satisfaction and
discharge of such Revolving Credit Loan, upon request of the Master Servicer. If
from time to time and as  appropriate  for the servicing or  foreclosure  of any
Revolving Credit Loan, the Master Servicer requests the Custodian to release the
Related  Documents  and  delivers to the  Custodian a trust  receipt  reasonably
satisfactory to the Custodian and signed by a Responsible  Officer of the Master
Servicer,  the  Custodian  shall  release  the Related  Documents  to the Master
Servicer.  If such Revolving  Credit Loans shall be liquidated and the Custodian
receives a certificate  from the Master Servicer as provided  above,  then, upon
request of the Master Servicer, the Custodian shall release the trust receipt to
the Master Servicer.

         Section 3.07.  Realization Upon Defaulted  Revolving Credit Loans. With
respect  to such of the  Revolving  Credit  Loans as come into and  continue  in
default,  the Master  Servicer  will decide  whether to (i)  foreclose  upon the
Mortgaged  Properties  securing such Revolving Credit Loans,  (ii) write off the
unpaid principal balance of the Revolving Credit Loans as bad debt, (iii) take a
deed in lieu of  foreclosure,  (iv)  accept  a short  sale,  (v)  arrange  for a
repayment  plan,  (vi) agree to a modification in accordance with this Servicing
Agreement, or (vii) take an unsecured

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<PAGE>



note in each case  subject  to the  rights of any  related  first  lien  holder;
provided  that if the Master  Servicer has actual  knowledge  that any Mortgaged
Property is affected by  hazardous or toxic  wastes or  substances  and that the
acquisition of such Mortgaged  Property  would not be  commercially  reasonable,
then the  Master  Servicer  will not cause  the  1996-HS3  LLC or the  Indenture
Trustee to acquire title to such Mortgaged  Property in a foreclosure or similar
proceeding.  In connection with such decision,  the Master Servicer shall follow
such  practices  (including,  in the case of any  default  on a  related  senior
mortgage  loan,  the  advancing of funds to correct such default if deemed to be
appropriate by the Master Servicer) and procedures as it shall deem necessary or
advisable  and as shall be normal and usual in its  general  mortgage  servicing
activities and as shall be required or permitted by the Program Guide;  provided
that the Master  Servicer  shall not be liable in any respect  hereunder  if the
Master Servicer is acting in connection  with any such  foreclosure or attempted
foreclosure  which is not  completed  or other  conversion  in a manner  that is
consistent  with the  provisions of this Servicing  Agreement.  The foregoing is
subject to the proviso that the Master  Servicer shall not be required to expend
its own funds in connection with any foreclosure or attempted  foreclosure which
is not completed or towards the  correction  of any default on a related  senior
mortgage loan or restoration of any property unless it shall determine that such
expenditure  will  increase  Net  Liquidation   Proceeds.  In  the  event  of  a
determination by the Master Servicer that any such  expenditure  previously made
pursuant to this  Section  3.07 will not be  reimbursable  from Net  Liquidation
Proceeds, the Master Servicer shall be entitled to reimbursement of its funds so
expended pursuant to Section 3.03.

         Notwithstanding any provision of this Servicing Agreement,  a Revolving
Credit Loan may be deemed to be finally  liquidated if substantially all amounts
expected by the Master  Servicer to be received in  connection  with the related
defaulted  Revolving  Credit Loan have been  received;  provided,  however,  any
subsequent  collections  with respect to any such Revolving Credit Loan shall be
deposited to the Custodial  Account.  For purposes of determining  the amount of
any  Liquidation   Proceeds  or  Insurance   Proceeds,   or  other   unscheduled
collections,  the  Master  Servicer  may take into  account  minimal  amounts of
additional  receipts  expected  to  be  received  or  any  estimated  additional
liquidation  expenses  expected to be incurred  in  connection  with the related
defaulted Revolving Credit Loan.

         In the event  that  title to any  Mortgaged  Property  is  acquired  in
foreclosure or by deed in lieu of  foreclosure,  the deed or certificate of sale
shall be issued to the Indenture  Trustee,  who shall hold the same on behalf of
the  1996-HS3   LLC  in   accordance   with  Section  3.13  of  the   Indenture.
Notwithstanding  any such  acquisition of title and  cancellation of the related
Revolving  Credit  Loan,  such  Mortgaged  Property  shall  (except as otherwise
expressly  provided herein) be considered to be an outstanding  Revolving Credit
Loan  held as an asset of the 1996-  HS3 LLC  until  such time as such  property
shall be sold.  Consistent  with the foregoing for purposes of all  calculations
hereunder,  so long as such  Mortgaged  Property  shall be  considered  to be an
outstanding Revolving Credit Loan it shall be assumed that, notwithstanding that
the indebtedness  evidenced by the related Credit Line Agreement shall have been
discharged,  such  Credit  Line  Agreement  in  effect  at the  time of any such
acquisition of title before any  adjustment  thereto by reason of any bankruptcy
or similar  proceeding or any  moratorium or similar waiver or grace period will
remain in effect.


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<PAGE>



         Any proceeds from foreclosure proceedings or the purchase or repurchase
of any Revolving Credit Loan pursuant to the terms of this Servicing  Agreement,
as well as any recovery  resulting from a collection of Liquidation  Proceeds or
Insurance Proceeds,  will be applied in the following order of priority:  first,
to reimburse the Master  Servicer or the related  Subservicer in accordance with
this Section 3.07;  second,  to the Master Servicer or the related  Subservicer,
all Servicing Fees payable therefrom; third, to the extent of accrued and unpaid
interest  on the  related  Revolving  Credit  Loan,  at the Net Loan Rate to the
Payment Date on which such  amounts are to be deposited in the Payment  Account;
fourth,  as a recovery of principal on the Revolving  Credit Loan; and fifth, to
Foreclosure Profits.

         Section 3.08.  1996-HS3 LLC and Indenture  Trustee to Cooperate.  On or
before each Payment Date, the Master Servicer will notify the Indenture  Trustee
or the Custodian,  with a copy to the 1996-HS3 LLC, of the termination of or the
payment in full and the  termination  of any  Revolving  Credit  Loan during the
preceding  Collection  Period.  Upon  receipt  of  payment  in full,  the Master
Servicer is authorized to execute,  pursuant to the  authorization  contained in
Section  3.01,  if the  assignments  of Mortgage  have been recorded as required
under  the  Revolving   Credit  Loan  Purchase   Agreement,   an  instrument  of
satisfaction  regarding the related  Mortgage,  which instrument of satisfaction
shall be recorded by the Master  Servicer if required by  applicable  law and be
delivered to the Person entitled  thereto.  It is understood and agreed that any
expenses incurred in connection with such instrument of satisfaction or transfer
shall be reimbursed from amounts deposited in the Custodial  Account.  From time
to time and as  appropriate  for the servicing or  foreclosure  of any Revolving
Credit Loan, the Indenture  Trustee or the Custodian shall,  upon request of the
Master Servicer and delivery to the Indenture Trustee or Custodian,  with a copy
to the  1996-HS3  LLC, of a Request for Release,  in the form annexed  hereto as
Exhibit C, signed by a Servicing  Officer,  release or cause to be released  the
related  Mortgage File to the Master  Servicer and the 1996-HS3 LLC or Indenture
Trustee shall  promptly  execute such  documents,  in the forms  provided by the
Master  Servicer,  as  shall  be  necessary  for  the  prosecution  of any  such
proceedings or the taking of other servicing  actions.  Such trust receipt shall
obligate  the Master  Servicer  to return  the  Mortgage  File to the  Indenture
Trustee or the  Custodian  (as specified in such receipt) when the need therefor
by the Master  Servicer no longer exists unless the Revolving  Credit Loan shall
be  liquidated,  in which case,  upon  receipt of a  certificate  of a Servicing
Officer  similar  to that  hereinabove  specified,  the trust  receipt  shall be
released to the Master Servicer.

         In order to facilitate  the  foreclosure  of the Mortgage  securing any
Revolving  Credit  Loan  that  is  in  default  following   recordation  of  the
assignments  of Mortgage in  accordance  with the  provisions  of the  Revolving
Credit  Loan  Purchase  Agreement,  the  Indenture  Trustee or the 1996- HS3 LLC
shall, if so requested in writing by the Master  Servicer,  promptly  execute an
appropriate  assignment  in the form  provided by the Master  Servicer to assign
such Revolving  Credit Loan for the purpose of collection to the Master Servicer
(any such assignment shall unambiguously indicate that the assignment is for the
purpose of  collection  only),  and,  upon such  assignment,  such  assignee for
collection  will  thereupon  bring  all  required  actions  in its own  name and
otherwise  enforce the terms of the Revolving  Credit Loan and deposit or credit
the Net Liquidation  Proceeds,  exclusive of Foreclosure Profits,  received with
respect  thereto in the  Custodial  Account.  In the event  that all  delinquent
payments due under any such Revolving  Credit Loan are paid by the Mortgagor and
any other defaults are cured, then the assignee for

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<PAGE>



collection  shall promptly  reassign such Revolving Credit Loan to the Indenture
Trustee and return all Related Documents to the place where the related Mortgage
File was being maintained.

         In  connection  with the  1996-HS3  LLC's  obligation  to  cooperate as
provided  in this  Section  3.08  and all  other  provisions  of this  Servicing
Agreement  requiring  the  1996-HS3 LLC to authorize or permit any actions to be
taken with respect to the Revolving  Credit Loans,  the  Indenture  Trustee,  as
pledgee of the Class A Ownership Interest in the 1996-HS3 LLC and as assignee of
record of the  Revolving  Credit Loans on behalf of the 1996-HS3 LLC pursuant to
Section 3.13 of the Indenture,  expressly agrees, on behalf of the 1996-HS3 LLC,
to take all such actions on behalf of the  1996-HS3 LLC and to promptly  execute
and  return all  instruments  reasonably  required  by the  Master  Servicer  in
connection  therewith;  provided  that if the Master  Servicer  shall  request a
signature of the  Indenture  Trustee,  on behalf of the 1996-HS3 LLC, the Master
Servicer will deliver to the Indenture Trustee an Officer's  Certificate stating
that such signature is necessary or appropriate to enable the Master Servicer to
carry  out  its  servicing  and  administrative   duties  under  this  Servicing
Agreement.

         Section 3.09.  Servicing  Compensation;  Payment of Certain Expenses by
Master  Servicer.  The Master  Servicer  shall be entitled to receive the Master
Servicing Fee in accordance with Section 3.03 as  compensation  for its services
in connection with servicing the Revolving  Credit Loans.  Moreover,  additional
servicing  compensation  in the form of late payment  charges and other receipts
not required to be deposited  in the  Custodial  Account as specified in Section
3.02 shall be  retained by the Master  Servicer.  The Master  Servicer  shall be
required to pay all expenses  incurred by it in connection  with its  activities
hereunder (including payment of all other fees and expenses not expressly stated
hereunder  to be for the  account  of the  Securityholders,  including,  without
limitation,  the fees and expenses of the Owner Trustee,  Indenture  Trustee and
any Custodian) and shall not be entitled to reimbursement therefor.

         Section  3.10.  Annual  Statement  as to  Compliance.  (a)  The  Master
Servicer will deliver to the 1996-HS3 LLC, the Issuer and the Indenture Trustee,
with a copy  to the  Credit  Enhancer,  on or  before  March  31 of  each  year,
beginning March 31, 1997, an Officer's  Certificate stating that (i) a review of
the activities of the Master  Servicer  during the preceding  fiscal year and of
its performance under servicing  agreements,  including this Servicing Agreement
has been made  under  such  officer's  supervision  and (ii) to the best of such
officer's  knowledge,  based on such review, the Master Servicer has complied in
all material  respects  with the minimum  servicing  standards  set forth in the
Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of
its material  obligations in all material respects  throughout such year, or, if
there has been material noncompliance with such servicing standards or a default
in the fulfillment in all material  respects of any such obligation  relating to
this Servicing  Agreement,  such  statement  shall include a description of such
noncompliance  or specify each such  default,  as the case may be, known to such
officer and the nature and status thereof.

         (b) The Master  Servicer  shall deliver to the 1996-HS3 LLC, the Issuer
and the Indenture  Trustee,  with a copy to the Credit Enhancer,  promptly after
having obtained knowledge thereof, but in no event later than five Business Days
thereafter,  written  notice by means of an Officer's  Certificate  of any event
which  with the  giving of notice or the lapse of time or both,  would  become a
Servicing Default.


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<PAGE>



         Section 3.11.  Annual Servicing  Report.  On or before March 31 of each
year, beginning March 31, 1997, the Master Servicer at its expense shall cause a
firm of  nationally  recognized  independent  public  accountants  (who may also
render  other  services  to the  Master  Servicer)  to  furnish  a report to the
1996-HS3  LLC, the Issuer,  the Indenture  Trustee,  the  Depositor,  the Credit
Enhancer and each Rating  Agency  stating its opinion  that,  on the basis of an
examination  conducted by such firm  substantially  in accordance with standards
established  by the  American  Institute of Certified  Public  Accountants,  the
assertions  made pursuant to Section 3.10 regarding  compliance with the minimum
servicing  standards  set forth in the Uniform  Single  Attestation  Program for
Mortgage  Bankers  during the  preceding  calendar year are fairly stated in all
material respects,  subject to such exceptions and other qualifications that, in
the opinion of such firm, such  accounting  standards  require it to report.  In
rendering  such  statement,  such firm may rely,  as to matters  relating to the
direct  servicing of revolving  credit loans by  Subservicers,  upon  comparable
statements  for  examinations   conducted  by  independent   public  accountants
substantially in accordance with standards established by the American Institute
of Certified  Public  Accountants  (rendered  within one year of such statement)
with respect to such Subservicers.

         Section 3.12. Access to Certain Documentation and Information Regarding
the Revolving  Credit Loans.  Whenever  required by statute or  regulation,  the
Master Servicer shall provide to the Credit Enhancer,  any  Securityholder  upon
reasonable  request  (or a  regulator  for a  Securityholder)  or the  Indenture
Trustee,  reasonable access to the documentation  regarding the Revolving Credit
Loans such access being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Master Servicer.  Nothing
in this Section 3.12 shall derogate from the  obligation of the Master  Servicer
to observe any applicable law  prohibiting  disclosure of information  regarding
the  Mortgagors  and the  failure of the Master  Servicer  to provide  access as
provided  in  this  Section  3.12  as a  result  of such  obligation  shall  not
constitute a breach of this Section 3.12.

         Section 3.13.  Maintenance of Certain Servicing Insurance Policies. The
Master  Servicer  shall  during the term of its service as servicer  maintain in
force (i) a policy or policies of insurance covering errors and omissions in the
performance of its obligations as master servicer  hereunder and (ii) a fidelity
bond in respect  of its  officers,  employees  or  agents.  Each such  policy or
policies and bond shall be at least equal to the coverage that would be required
by FNMA or FHLMC,  whichever is greater,  for Persons  performing  servicing for
revolving credit loans purchased by such entity.

         Section 3.14.  Information Required by the Internal Revenue Service and
Reports of  Foreclosures  and  Abandonments  of Mortgaged  Property.  The Master
Servicer  shall  prepare and deliver all federal and state  information  reports
when and as required by all  applicable  state and federal  income tax laws.  In
particular,  with respect to the requirement  under Section 6050J of the Code to
the effect  that the  Master  Servicer  or  Subservicer  shall  make  reports of
foreclosures and abandonments of any mortgaged  property for each year beginning
in 1997, the Master Servicer or Subservicer  shall file reports relating to each
instance  occurring  during  the  previous  calendar  year in which  the  Master
Servicer  (i) on  behalf  of the  1996-HS3  LLC,  acquires  an  interest  in any
Mortgaged Property through foreclosure or other comparable conversion in full or
partial  satisfaction of a Revolving Credit Loan, or (ii) knows or has reason to
know that any Mortgaged Property has been abandoned. The reports from the Master
Servicer or Subservicer

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<PAGE>



shall be in form and substance  sufficient  to meet the  reporting  requirements
imposed by  Section  6050J and  Section  6050H  (reports  relating  to  mortgage
interest received) of the Code.

         Section 3.15.  Optional Repurchase of Defaulted Revolving Credit Loans.
Notwithstanding  any  provision  in  Section  3.07 to the  contrary,  the Master
Servicer, at its option and in its sole discretion, may repurchase any Revolving
Credit Loan  delinquent in payment for a period of 60 days or longer for a price
equal to the Repurchase Price.

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<PAGE>



                                   ARTICLE IV

                              Servicing Certificate

         Section 4.01.  Statements to Securityholders.  (a) With respect to each
Payment Date, on the Business Day following the related  Determination  Date the
Master Servicer shall forward to the Indenture Trustee and the Indenture Trustee
pursuant to Section 3.26 of the Indenture shall forward or cause to be forwarded
by  mail  to  each  Certificateholder,  Noteholder,  the  Credit  Enhancer,  the
Depositor,  the Owner  Trustee,  the  Certificate  Paying  Agent and each Rating
Agency, a statement  setting forth the following  information as to the Variable
Funding Notes, Term Notes and Certificates, to the extent applicable:

               (i) the aggregate  amount of (a) Security  Interest  Collections,
          (b) Security  Principal  Collections and (c)  Substitution  Adjustment
          Amounts;
                      (ii) the amount of such  distribution  as principal to the
         Noteholders  of the Variable  Funding Notes and the Term Notes and as a
         Certificate Distribution Amount to the Certificateholders,  the Initial
         Certificates  and the Variable Funding  Certificates  applied to reduce
         the principal balance thereof;

                     (iii) the amount of such  distribution  as  interest to the
         Securityholders of the Variable Funding Notes and the Term Notes and as
         a Certificate Preferred Return to the Certificateholders of the Initial
         Certificates and the Variable Funding  Certificates  separately stating
         the portion thereof in respect of overdue accrued interest;

                      (iv) the Credit  Enhancement Draw Amount, if any, for such
         Payment Date and the aggregate amount of prior draws thereunder not yet
         reimbursed;

               (v) the aggregate  Loan Balance of the Revolving  Credit Loans as
          of the end of the preceding Collection Period;

                      (vi) the number and  aggregate  Loan Balances of Revolving
         Credit Loans (a) as to which the Minimum  Monthly Payment is delinquent
         for 30-59 days, 60-89 days and 90 or more days, respectively,  (b) that
         are foreclosed and (c) that have become REO, in each case as of the end
         of the  preceding  Collection  Period;  provided,  however,  that  such
         information  will not be  provided  on the  statements  relating to the
         first Payment Date;

               (vii)  the  Weighted  Average  Net  Loan  Rate  for  the  related
          Collection Period;

               (viii) the Special Capital  Distribution Amount as the end of the
          related Collection Period;

               (ix) the aggregate  amount of Additional  Balances created during
          the previous Collection Period conveyed to the 1996-HS3 LLC;

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<PAGE>



                       (x) the aggregate  Liquidation  Loss Amounts with respect
         to the related  Collection  Period,  the amount of any Liquidation Loss
         Distribution  Amounts with respect to the Term Notes,  Certificates and
         Variable  Funding  Notes,  respectively,   and  the  aggregate  of  the
         Liquidation Loss Amounts from all Collection  Periods to date expressed
         as a percentage of the Cut-off Date Loan Balance;

                      (xi) the aggregate Excess Loss Amounts with respect to the
         related  Collection Period and the aggregate of the Excess Loss Amounts
         from all Collection Periods to date;

                     (xii) the aggregate  Special Hazard  Losses,  Fraud Losses,
         Bankruptcy   Losses  and  losses   caused  by  or  resulting   from  an
         Extraordinary  Event with respect to the related  Collection Period and
         the  aggregate  of each of such losses from all  Collection  Periods to
         date;

                    (xiii)  the  aggregate  Security  Balance  of each  class of
         Securities after giving effect to the distribution of principal on such
         Payment Date;

                     (xiv) the respective Security Percentage applicable to each
         of the Securities,  after  application of payments made on such Payment
         Date; and

               (xv) the Outstanding  Reserve Amount,  the Special Hazard Amount,
          the Fraud  Loss  Amount and the  Bankruptcy  Loss  Amount  immediately
          following such Payment Date.

         In the case of information furnished pursuant to clauses (ii) and (iii)
above, the amounts shall be expressed as an aggregate dollar amount per Variable
Funding  Note,  Term  Note  or  Certificate,   as  applicable,   with  a  $1,000
denomination.

         In addition the Master Servicer shall forward to the Indenture  Trustee
any other information reasonably requested by the Indenture Trustee necessary to
make distributions pursuant to Section 3.05 of the Indenture. Prior to the close
of business on the Business Day next  succeeding  each  Determination  Date, the
Master  Servicer  shall furnish a written  statement to the  Certificate  Paying
Agent and the Indenture  Trustee setting forth the aggregate amounts required to
be withdrawn from the Custodial  Account and deposited into the Payment  Account
on the Business Day preceding the related Payment Date pursuant to Section 3.03.
The  determination  by the Master Servicer of such amounts shall, in the absence
of  obvious  error,  be  presumptively  deemed to be  correct  for all  purposes
hereunder  and the Owner  Trustee and  Indenture  Trustee  shall be protected in
relying  upon  the same  without  any  independent  check  or  verification.  In
addition,  upon the 1996-HS3 LLC's written  request,  the Master  Servicer shall
promptly furnish  information  reasonably  requested by the 1996-HS3 LLC that is
reasonably  available  to the  Master  Servicer  to enable the  1996-HS3  LLC to
perform its federal and state income tax reporting obligations.

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<PAGE>



                                    ARTICLE V

                    Distribution Account and Payment Account

         Section 5.01. Distribution Account. The Master Servicer shall establish
and maintain a Distribution  Account  titled  "1996-HS3  LLC". The  Distribution
Account shall be an Eligible Account.  On the Business Day prior to each Payment
Date, (i) amounts  deposited into the  Distribution  Account pursuant to Section
3.03(i)  hereof will be distributed  by the Master  Servicer in accordance  with
Section 9.5 of the  Operating  Agreement,  and (ii) the portion of such  amounts
then  distributable with respect to the Class A Ownership Interest in accordance
with Section 9.5 of the Operating  Agreement shall be deposited into the Payment
Account.  The Master Servicer shall invest or cause the institution  maintaining
the  Distribution  Account  to invest the funds in the  Distribution  Account in
Permitted Investments designated in the name of the Master Servicer, which shall
mature not later than the  Business  Day next  preceding  the Payment  Date next
following  the date of such  investment  (except that (i) any  investment in the
institution with which the Distribution Account is maintained may mature on such
Payment  Date and (ii) any other  investment  may mature on such Payment Date if
the Master  Servicer  shall  advance  funds on such  Payment Date to the Payment
Account in the amount payable on such  investment on such Payment Date,  pending
receipt thereof to the extent necessary to make distributions on the Securities)
and shall not be sold or  disposed  of prior to  maturity.  All  income and gain
realized  from any such  investment  shall  inure to the  benefit  of the Master
Servicer and shall be subject to its  withdrawal or order from time to time. The
amount of any  losses  incurred  in  respect  of any such  investments  shall be
deposited  in the  Distribution  Account by the Master  Servicer  out of its own
funds immediately as realized.

         Section 5.02.  Payment Account.  The Indenture  Trustee shall establish
and maintain a Payment  Account titled "The Chase  Manhattan  Bank, as Indenture
Trustee,  for the benefit of the  Securityholders,  the Certificate Paying Agent
and the Credit Enhancer pursuant to the Indenture,  dated as of October 1, 1996,
between  Home Equity Loan Trust  1996-HS3  and The Chase  Manhattan  Bank".  The
Payment Account shall be an Eligible Account.  On each Payment Date,  amounts on
deposit in the Payment  Account will be distributed by the Indenture  Trustee in
accordance with Section 3.05 of the Indenture. The Indenture Trustee shall, upon
written  request  from the  Master  Servicer,  invest or cause  the  institution
maintaining  the Payment  Account to invest the funds in the Payment  Account in
Permitted  Investments  designated in the name of the Indenture  Trustee,  which
shall  mature not later than the Business  Day next  preceding  the Payment Date
next  following the date of such  investment  (except that (i) any investment in
the institution  with which the Payment Account is maintained may mature on such
Payment  Date and (ii) any other  investment  may mature on such Payment Date if
the  Indenture  Trustee  shall advance funds on such Payment Date to the Payment
Account in the amount payable on such  investment on such Payment Date,  pending
receipt thereof to the extent necessary to make distributions on the Securities)
and shall not be sold or  disposed  of prior to  maturity.  All  income and gain
realized  from  any  such  investment  shall be for the  benefit  of the  Master
Servicer and shall be subject to its  withdrawal or order from time to time. The
amount of any  losses  incurred  in  respect  of any such  investments  shall be
deposited  in the Payment  Account by the Master  Servicer  out of its own funds
immediately as realized.


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<PAGE>



                                   ARTICLE VI

                               The Master Servicer

         Section 6.01.  Liability of the Master  Servicer.  The Master  Servicer
shall be liable in  accordance  herewith  only to the extent of the  obligations
specifically imposed upon and undertaken by the Master Servicer herein.

         Section  6.02.  Merger  or  Consolidation  of,  or  Assumption  of  the
Obligations  of,  the Master  Servicer.  Any  corporation  into which the Master
Servicer may be merged or converted or with which it may be consolidated, or any
corporation resulting from any merger,  conversion or consolidation to which the
Master Servicer shall be a party, or any corporation  succeeding to the business
of  the  Master  Servicer,  shall  be the  successor  of  the  Master  Servicer,
hereunder,  without the  execution  or filing of any paper or any further act on
the  part  of  any  of the  parties  hereto,  anything  herein  to the  contrary
notwithstanding.

         The Master  Servicer  may assign its rights and delegate its duties and
obligations under this Servicing  Agreement;  provided that the Person accepting
such  assignment or  delegation  shall be a Person which is qualified to service
revolving credit loans, is reasonably  satisfactory to the Indenture Trustee (as
pledgee of the Class A  Ownership  Interest),  the  1996-HS3  LLC and the Credit
Enhancer,  is willing to service the  Revolving  Credit  Loans and  executes and
delivers to the Indenture Trustee and the 1996-HS3 LLC an agreement, in form and
substance reasonably  satisfactory to the Credit Enhancer, the Indenture Trustee
and the 1996-HS3 LLC, which contains an assumption by such Person of the due and
punctual  performance  and  observance  of each  covenant  and  condition  to be
performed or observed by the Master  Servicer  under this  Servicing  Agreement;
provided  further that each Rating  Agency's  rating of the Securities in effect
immediately  prior to such  assignment  and  delegation  will not be  qualified,
reduced,  or  withdrawn  as a  result  of such  assignment  and  delegation  (as
evidenced  by a letter to such effect from each Rating  Agency),  if  determined
without regard to the Credit Enhancement Instrument.

         Section  6.03.  Limitation  on  Liability  of the Master  Servicer  and
Others.  Neither the Master  Servicer  nor any of the  directors  or officers or
employees or agents of the Master  Servicer  shall be under any liability to the
1996-HS3  LLC,  the Issuer,  the Owner  Trustee,  the  Indenture  Trustee or the
Securityholders  for any action taken or for  refraining  from the taking of any
action in good faith pursuant to this Servicing  Agreement,  provided,  however,
that this  provision  shall not protect  the Master  Servicer or any such Person
against any liability  which would otherwise be imposed by reason of its willful
misfeasance,  bad faith or gross  negligence  in the  performance  of its duties
hereunder or by reason of its reckless  disregard of its  obligations and duties
hereunder.  The Master Servicer and any director or officer or employee or agent
of the Master  Servicer may rely in good faith on any document of any kind prima
facie  properly  executed  and  submitted by any Person  respecting  any matters
arising  hereunder.  The Master Servicer and any director or officer or employee
or agent of the Master  Servicer  shall be  indemnified  by the 1996-HS3 LLC and
held harmless against any loss, liability or expense incurred in connection with
any  legal  action  relating  to this  Servicing  Agreement  or the  Securities,
including any amount paid to the Owner Trustee or the Indenture Trustee pursuant
to Section 6.06(b), other than any loss, liability or expense incurred by reason
of its willful misfeasance,  bad faith or gross negligence in the performance of
its duties hereunder or by

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<PAGE>



reason of its reckless  disregard of its obligations and duties  hereunder.  The
Master  Servicer  shall not be under any  obligation to appear in,  prosecute or
defend any legal  action  which is not  incidental  to its duties to service the
Revolving Credit Loans in accordance with this Servicing Agreement, and which in
its opinion may involve it in any expense or liability;  provided, however, that
the Master Servicer may in its sole  discretion  undertake any such action which
it may deem necessary or desirable in respect of this Servicing  Agreement,  and
the  rights  and  duties  of  the  parties  hereto  and  the  interests  of  the
Securityholders.  In such event, the reasonable legal expenses and costs of such
action  and any  liability  resulting  therefrom  shall be  expenses,  costs and
liabilities of the 1996-HS3 LLC, and the Master Servicer shall be entitled to be
reimbursed  therefor.  The Master Servicer's right to indemnity or reimbursement
pursuant to this Section 6.03 shall survive any  resignation  or  termination of
the Master Servicer pursuant to Section 6.04 or 7.01 with respect to any losses,
expenses,  costs or liabilities arising prior to such resignation or termination
(or arising from events that occurred prior to such resignation or termination).

         Section 6.04. Master Servicer Not to Resign.  Subject to the provisions
of Section 6.02, the Master  Servicer shall not resign from the  obligations and
duties hereby imposed on it except (i) upon  determination  that the performance
of  its  obligations  or  duties  hereunder  are  no  longer  permissible  under
applicable law or are in material  conflict by reason of applicable law with any
other activities  carried on by it or its subsidiaries or Affiliates,  the other
activities of the Master Servicer so causing such a conflict being of a type and
nature carried on by the Master  Servicer or its  subsidiaries  or Affiliates at
the date of this Servicing  Agreement or (ii) upon satisfaction of the following
conditions:  (a) the Master  Servicer has  proposed a successor  servicer to the
1996-HS3 LLC and the Indenture  Trustee in writing and such  proposed  successor
servicer is reasonably acceptable to the 1996-HS3 LLC, the Indenture Trustee and
the Credit Enhancer; (b) each Rating Agency shall have delivered a letter to the
1996-HS3  LLC,  the  Credit  Enhancer  and the  Indenture  Trustee  prior to the
appointment of the successor  servicer stating that the proposed  appointment of
such  successor  servicer as Master  Servicer  hereunder  will not result in the
reduction  or  withdrawal  of the then  current  rating  of the  Securities,  if
determined  without regard to the Credit  Enhancement  Instrument;  and (c) such
proposed successor servicer is reasonably  acceptable to the Credit Enhancer, as
evidenced by a letter to the 1996-HS3 LLC and the Indenture  Trustee;  provided,
however,  that no such resignation by the Master Servicer shall become effective
until  such  successor  servicer  or, in the case of (i)  above,  the  Indenture
Trustee,  as pledgee of the Class A Ownership  Interest,  shall have assumed the
Master Servicer's  responsibilities  and obligations  hereunder or the Indenture
Trustee, as pledgee of the Class A Ownership  Interest,  shall have designated a
successor  servicer in accordance with Section 7.02. Any such resignation  shall
not relieve the Master  Servicer of  responsibility  for any of the  obligations
specified in Sections 7.01 and 7.02 as obligations  that survive the resignation
or termination of the Master  Servicer.  Any such  determination  permitting the
resignation  of the Master  Servicer shall be evidenced by an Opinion of Counsel
to such effect delivered to the Indenture Trustee and the Credit Enhancer.

         Section 6.05. Delegation of Duties. In the ordinary course of business,
the Master Servicer at any time may delegate any of its duties  hereunder to any
Person,  including any of its  Affiliates,  who agrees to conduct such duties in
accordance  with  standards  comparable to those with which the Master  Servicer
complies pursuant to Section 3.01. Such delegation shall

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not relieve the Master  Servicer of its liabilities  and  responsibilities  with
respect to such duties and shall not constitute a resignation within the meaning
of Section 6.04.

         Section  6.06.  Master  Servicer to Pay  Indenture  Trustee's and Owner
Trustee's Fees and Expenses; Indemnification.  (a) The Master Servicer covenants
and agrees to pay to the Owner Trustee, the Indenture Trustee and any co-trustee
of the Indenture  Trustee or the Owner Trustee from time to time,  and the Owner
Trustee,  the Indenture  Trustee and any such  co-trustee  shall be entitled to,
reasonable  compensation  (which shall not be limited by any provision of law in
regard to the  compensation  of a trustee of an express  trust) for all services
rendered by each of them in the execution of the trusts  created under the Trust
Agreement and the Indenture  and in the exercise and  performance  of any of the
powers and duties under the Trust  Agreement or the  Indenture,  as the case may
be, of the Owner  Trustee,  the Indenture  Trustee and any  co-trustee,  and the
Master  Servicer will pay or reimburse the Indenture  Trustee and any co-trustee
upon request for all reasonable expenses, disbursements and advances incurred or
made by the Indenture  Trustee or any  co-trustee in accordance  with any of the
provisions of this Servicing Agreement except any such expense,  disbursement or
advance as may arise from its negligence, wilful misfeasance or bad faith.

         (b) The Master Servicer  agrees to indemnify the Indenture  Trustee and
the Owner Trustee for, and to hold the Indenture  Trustee and the Owner Trustee,
as the case may be, harmless  against,  any loss,  liability or expense incurred
without negligence, bad faith or willful misconduct on its part, arising out of,
or in connection with, the acceptance and  administration  of the Issuer and the
assets thereof,  including the costs and expenses  (including  reasonable  legal
fees and expenses) of defending  itself against any claim in connection with the
exercise or performance of any of its powers or duties under any Basic Document,
provided that:

                         (i) with  respect  to any  such  claim,  the  Indenture
         Trustee  or Owner  Trustee,  as the case may be,  shall  have given the
         Master  Servicer  written notice  thereof  promptly after the Indenture
         Trustee  or  Owner  Trustee,  as the  case may be,  shall  have  actual
         knowledge thereof;

                        (ii) while maintaining control over its own defense, the
         1996-HS3 LLC, the Indenture  Trustee or Owner Trustee,  as the case may
         be,  shall  cooperate  and  consult  fully with the Master  Servicer in
         preparing such defense; and

                       (iii)   notwithstanding   anything   in  this   Servicing
         Agreement to the contrary,  the Master Servicer shall not be liable for
         settlement of any claim by the Indenture  Trustee or the Owner Trustee,
         as the case may be,  entered  into  without  the prior  consent  of the
         Master Servicer.

No termination of this Servicing  Agreement shall affect the obligations created
by this Section 6.06 of the Master  Servicer to indemnify the Indenture  Trustee
and the Owner Trustee under the conditions and to the extent set forth herein.

         Notwithstanding  the  foregoing,  the  indemnification  provided by the
Master Servicer in this Section 6.06(b) shall not pertain to any loss, liability
or expense of the Indenture  Trustee or the Owner  Trustee,  including the costs
and expenses of defending itself against any claim,

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incurred in connection  with any actions  taken by the Indenture  Trustee or the
Owner Trustee at the direction of the Noteholders or Certificateholders,  as the
case may be, pursuant to the terms of this Servicing Agreement.

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                                   ARTICLE VII

                                     Default

               Section  7.01.  Servicing  Default.  If any one of the  following
          events ("Servicing Default") shall occur and be continuing:

                         (i) Any  failure by the Master  Servicer  to deposit in
         the  Custodial  Account or Payment  Account any deposit  required to be
         made  under  the  terms of this  Servicing  Agreement  which  continues
         unremedied for a period of five Business Days after the date upon which
         written  notice of such  failure  shall  have been  given to the Master
         Servicer by the 1996-HS3 LLC, the Issuer or the Indenture Trustee or to
         the Master  Servicer,  the 1996-HS3  LLC, the Issuer and the  Indenture
         Trustee by the Credit Enhancer; or

                        (ii) Failure on the part of the Master  Servicer duly to
         observe or perform  in any  material  respect  any other  covenants  or
         agreements  of the Master  Servicer set forth in the  Securities  or in
         this Servicing Agreement,  which failure, in each case,  materially and
         adversely  affects  the  interests  of  Securityholders  or the  Credit
         Enhancer and which  continues  unremedied for a period of 45 days after
         the date on which written notice of such failure, requiring the same to
         be  remedied,  and  stating  that such  notice is a "Notice of Default"
         hereunder, shall have been given to the Master Servicer by the 1996-HS3
         LLC, the Issuer or the Indenture Trustee or to the Master Servicer, the
         1996- HS3 LLC,  the  Issuer  and the  Indenture  Trustee  by the Credit
         Enhancer; or

                       (iii) The entry  against the Master  Servicer of a decree
         or  order  by  a  court  or  agency  or  supervisory  authority  having
         jurisdiction  in  the  premises  for  the  appointment  of  a  trustee,
         conservator,    receiver    or    liquidator    in   any    insolvency,
         conserva-torship,  receivership,  readjustment of debt,  marshalling of
         assets and liabilities or similar proceedings, or for the winding up or
         liquidation of its affairs,  and the  continuance of any such decree or
         order unstayed and in effect for a period of 60 consecutive days; or

                        (iv)  The  Master  Servicer  shall  voluntarily  go into
         liquidation,  consent to the  appointment of a  conservator,  receiver,
         liquidator or similar person in any  insolvency,  readjustment of debt,
         marshalling  of assets and  liabilities  or similar  proceedings  of or
         relating  to  the  Master   Servicer  or  of  or  relating  to  all  or
         substantially  all of its  property,  or a decree  or order of a court,
         agency or supervisory authority having jurisdiction in the premises for
         the  appointment  of a  conservator,  receiver,  liquidator  or similar
         person in any insolvency,  readjustment of debt,  marshalling of assets
         and  liabilities  or  similar  proceedings,  or for the  winding-up  or
         liquidation of its affairs,  shall have been entered against the Master
         Servicer  and  such  decree  or  order  shall  have  remained  in force
         undischarged,  unbonded  or  unstayed  for a period of 60 days;  or the
         Master  Servicer  shall admit in writing its inability to pay its debts
         generally as they become due, file a petition to take  advantage of any
         applicable insolvency or reorganization statute, make an assignment for
         the benefit of its  creditors  or  voluntarily  suspend  payment of its
         obligations,  then,  and in every  such  case,  so long as a  Servicing
         Default shall not have been remedied by the Master Servicer, either the
         1996-HS3 LLC

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         or the Indenture Trustee,  with the consent of the Credit Enhancer,  or
         the  Credit  Enhancer,  by notice  then  given in writing to the Master
         Servicer (and to the 1996-HS3 LLC, the Issuer and the Indenture Trustee
         if given by the Credit  Enhancer)  may  terminate all of the rights and
         obligations  of the Master  Servicer as servicer  under this  Servicing
         Agreement other than its right to receive  servicing  compensation  and
         expenses for servicing the Revolving  Credit Loans hereunder during any
         period  prior to the date of such  termination  and the 1996-HS3 LLC or
         the Indenture Trustee,  with the consent of the Credit Enhancer, or the
         Credit  Enhancer may exercise any and all other  remedies  available at
         law or equity.  Any such  notice to the Master  Servicer  shall also be
         given to each Rating Agency, the Credit Enhancer,  the 1996-HS3 LLC and
         the  Issuer.  On or after the  receipt by the Master  Servicer  of such
         written  notice,  all authority and power of the Master  Servicer under
         this Servicing Agreement, whether with respect to the Securities or the
         Revolving Credit Loans or otherwise, shall pass to and be vested in the
         Indenture  Trustee  as  pledgee  of the  Class  A  Ownership  Interest,
         pursuant to and under this Section 7.01; and, without  limitation,  the
         Indenture  Trustee is hereby  authorized  and  empowered to execute and
         deliver,  on behalf of the  Master  Servicer,  as  attorney-in-fact  or
         otherwise,  any and all documents and other  instruments,  and to do or
         accomplish all other acts or things  necessary or appropriate to effect
         the  purposes of such notice of  termination,  whether to complete  the
         transfer  and  endorsement  of each  Revolving  Credit Loan and related
         documents,  or otherwise.  The Master Servicer agrees to cooperate with
         the   Indenture   Trustee  in   effecting   the   termination   of  the
         responsibilities   and  rights  of  the  Master   Servicer   hereunder,
         including,  without  limitation,  the transfer to the Indenture Trustee
         for  the  administration  by it of all  cash  amounts  relating  to the
         Revolving  Credit  Loans  that  shall at the time be held by the Master
         Servicer and to be deposited by it in the  Custodial  Account,  or that
         have been deposited by the Master Servicer in the Custodial  Account or
         thereafter  received  by  the  Master  Servicer  with  respect  to  the
         Revolving Credit Loans.  All reasonable costs and expenses  (including,
         but not limited  to,  attorneys'  fees)  incurred  in  connection  with
         amending this Servicing  Agreement to reflect such succession as Master
         Servicer pursuant to this Section 7.01 shall be paid by the predecessor
         Master Servicer (or if the predecessor Master Servicer is the Indenture
         Trustee,  the initial Master Servicer) upon  presentation of reasonable
         documentation of such costs and expenses.

         Notwithstanding  any  termination  of  the  activities  of  the  Master
Servicer hereunder, the Master Servicer shall be entitled to receive, out of any
late  collection of a payment on a Revolving  Credit Loan which was due prior to
the notice  terminating the Master Servicer's  rights and obligations  hereunder
and received after such notice,  that portion to which the Master Servicer would
have been  entitled  pursuant  to  Sections  3.03 and 3.09 as well as its Master
Servicing Fee in respect  thereof,  and any other amounts  payable to the Master
Servicer  hereunder the  entitlement to which arose prior to the  termination of
its activities hereunder.

         Notwithstanding  the  foregoing,  a delay in or failure of  performance
under  Section  7.01(i) or under Section  7.01(ii)  after the  applicable  grace
periods specified in such Sections,  shall not constitute a Servicing Default if
such delay or failure  could not be  prevented  by the  exercise  of  reasonable
diligence by the Master  Servicer and such delay or failure was caused by an act
of God or the public enemy, acts of declared or undeclared war, public disorder,
rebellion or  sabotage,  epidemics,  landslides,  lightning,  fire,  hurricanes,
earthquakes, floods or similar

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causes.  The preceding sentence shall not relieve the Master Servicer from using
reasonable  efforts to perform its respective  obligations in a timely manner in
accordance  with the terms of this Servicing  Agreement and the Master  Servicer
shall provide the Indenture Trustee, the Credit Enhancer and the Securityholders
with notice of such failure or delay by it,  together with a description  of its
efforts to so perform its  obligations.  The Master  Servicer shall  immediately
notify the  Indenture  Trustee,  the Credit  Enhancer  and the Owner  Trustee in
writing of any Servicing Default.

         Section 7.02. Indenture Trustee to Act;  Appointment of Successor.  (a)
On and after  the time the  Master  Servicer  receives  a notice of  termination
pursuant  to  Section  7.01 or sends a notice  pursuant  to  Section  6.04,  the
Indenture  Trustee  as pledgee of the Class A  Ownership  Interest  shall be the
successor  in all  respects to the Master  Servicer in its  capacity as servicer
under this Servicing  Agreement and the  transactions  set forth or provided for
herein and shall be subject to all the responsibilities,  duties and liabilities
relating  thereto  placed on the  Master  Servicer  by the terms and  provisions
hereof.  Nothing in this Servicing  Agreement or in the Trust Agreement shall be
construed  to permit or require  the  Indenture  Trustee  to (i)  succeed to the
responsibilities,  duties and  liabilities of the initial Master Servicer in its
capacity as Seller under the Revolving Credit Loan Purchase  Agreement,  (ii) be
responsible or accountable  for any act or omission of the Master Servicer prior
to the issuance of a notice of termination hereunder,  (iii) require or obligate
the  Indenture  Trustee,  in its  capacity  as  successor  Master  Servicer,  to
purchase,  repurchase or substitute  any  Revolving  Credit Loan,  (iv) fund any
Additional  Balances  with respect to any  Revolving  Credit Loan,  (v) fund any
losses on any Permitted  Investment  directed by any other Master  Servicer,  or
(vi) be  responsible  for  the  representations  and  warranties  of the  Master
Servicer. As compensation  therefor,  the Indenture Trustee shall be entitled to
such  compensation  as the Master Servicer would have been entitled to hereunder
if no such notice of termination had been given.  Notwithstanding the above, (i)
if the Indenture  Trustee is unwilling to act as successor Master  Servicer,  or
(ii) if the Indenture Trustee is legally unable so to act, the Indenture Trustee
as pledgee of the Class A Ownership Interest may (in the situation  described in
clause (i)) or shall (in the  situation  described  in clause  (ii))  appoint or
petition a court of competent  jurisdiction to appoint any  established  housing
and home finance  institution,  bank or other  mortgage loan or home equity loan
servicer having a net worth of not less than $10,000,000 as the successor to the
Master  Servicer  hereunder  in  the  assumption  of  all  or  any  part  of the
responsibilities,  duties  or  liabilities  of the  Master  Servicer  hereunder;
provided  that any such  successor  Master  Servicer  shall be acceptable to the
Credit  Enhancer,  as evidenced by the Credit  Enhancer's  prior written consent
which consent shall not be unreasonably  withheld and provided  further that the
appointment  of any  such  successor  Master  Servicer  will not  result  in the
qualification, reduction or withdrawal of the ratings assigned to the Securities
by the Rating Agencies,  if determined  without regard to the Credit Enhancement
Instrument. Pending appointment of a successor to the Master Servicer hereunder,
unless the Indenture Trustee is prohibited by law from so acting,  the Indenture
Trustee shall act in such capacity as hereinabove  provided.  In connection with
such  appointment  and  assumption,  the successor  shall be entitled to receive
compensation out of payments on Revolving Credit Loans in an amount equal to the
compensation which the Master Servicer would otherwise have received pursuant to
Section  3.09 (or such lesser  compensation  as the  Indenture  Trustee and such
successor shall agree). The appointment of a successor Master Servicer shall not
affect any liability of the  predecessor  Master  Servicer which may have arisen
under this  Servicing  Agreement  prior to its  termination  as Master  Servicer
(including, without limitation, the

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obligation to purchase  Revolving  Credit Loans pursuant to Section 3.01, to pay
any  deductible  under  an  insurance  policy  pursuant  to  Section  3.04 or to
indemnify  the  Indenture  Trustee  pursuant  to  Section  6.06),  nor shall any
successor Master Servicer be liable for any acts or omissions of the predecessor
Master  Servicer  or for  any  breach  by  such  Master  Servicer  of any of its
representations  or warranties  contained  herein or in any related  document or
agreement.  The  Indenture  Trustee and such  successor  shall take such action,
consistent  with this Servicing  Agreement,  as shall be necessary to effectuate
any such succession.

         (b) Any  successor,  including  the  Indenture  Trustee,  to the Master
Servicer  as  servicer  shall  during the term of its  service as  servicer  (i)
continue to service and administer the Revolving Credit Loans for the benefit of
the  Securityholders,  (ii)  maintain in force a policy or policies of insurance
covering  errors and omissions in the  performance of its  obligations as Master
Servicer hereunder and a fidelity bond in respect of its officers, employees and
agents to the same  extent as the Master  Servicer  is so  required  pursuant to
Section 3.13 and (iii) be bound by the terms of the Insurance Agreement.

         (c) Any successor  Master  Servicer,  including the Indenture  Trustee,
shall not be deemed in default or to have  breached its duties  hereunder if the
predecessor  Master  Servicer shall fail to deliver any required  deposit to the
Custodial Account or otherwise cooperate with any required servicing transfer or
succession hereunder.

         Section 7.03. Notification to Securityholders.  Upon any termination of
or  appointment of a successor to the Master  Servicer  pursuant to this Article
VII or Section 6.04,  the Indenture  Trustee  shall give prompt  written  notice
thereof to the  Securityholders,  the Credit  Enhancer,  the  1996-HS3  LLC, the
Issuer and each Rating Agency.

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<PAGE>



                                  ARTICLE VIII

                            Miscellaneous Provisions

         Section 8.01.  Amendment.  This Servicing Agreement may be amended from
time to time by the parties  hereto,  provided that any amendment be accompanied
by a letter from the Rating  Agencies that the amendment  will not result in the
downgrading  or  withdrawal of the rating then  assigned to the  Securities,  if
determined without regard to the Credit  Enhancement  Instrument and the consent
of the Credit Enhancer and the Indenture Trustee.

         SECTION  8.02.   GOVERNING  LAW.  THIS  SERVICING  AGREEMENT  SHALL  BE
CONSTRUED  IN  ACCORDANCE  WITH  THE  LAWS  OF THE  STATE  OF NEW  YORK  AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

         Section  8.03.  Notices.   All  demands,   notices  and  communications
hereunder  shall be in  writing  and shall be deemed to have been duly  given if
personally  delivered at or mailed by certified mail, return receipt  requested,
to (a) in the case of the Master Servicer, 8400 Normandale Lake Boulevard, Suite
700,  Minneapolis,  Minnesota  55437,  Attention:  Managing  Director - Mortgage
Finance,  (b) in the case of the Credit Enhancer,  AMBAC Indemnity  Corporation,
One State Street Plaza, 17th Floor, New York, New York 10004, (c) in the case of
Moody's,  Home Mortgage Loan Monitoring Group, 4th Floor, 99 Church Street,  New
York, New York 10001,  (d) in the case of Standard & Poor's,  26 Broadway,  15th
Floor, New York, New York 10004,  Attention:  Residential Mortgage  Surveillance
Group, (e) in the case of the Owner Trustee,  Wilmington  Trust Company,  Rodney
Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001, and (f)
in the case of the  Issuer,  to Home  Equity  Loan  Trust  1996-HS3,  c/o  Owner
Trustee,  Wilmington  Trust  Company,  Rodney  Square  North,  1100 North Market
Street,  Wilmington,  Delaware 19890-0001,  and (g) in the case of the Indenture
Trustee,  The Chase Manhattan Bank, 450 West 33rd Street,  10th Floor, New York,
NY, 10001, Attention: Global Trust Services, or, as to each party, at such other
address as shall be designated  by such party in a written  notice to each other
party. Any notice required or permitted to be mailed to a  Securityholder  shall
be  given  by  first  class  mail,  postage  prepaid,  at the  address  of  such
Securityholder  as shown in the  Register.  Any notice so mailed within the time
prescribed in this Servicing  Agreement shall be  conclusively  presumed to have
been duly given,  whether or not the  Securityholder  receives such notice.  Any
notice or other  document  required to be delivered  or mailed by the  Indenture
Trustee to any Rating  Agency shall be given on a reasonable  efforts  basis and
only as a matter of courtesy and  accommodation  and the Indenture Trustee shall
have no liability  for failure to delivery such notice or document to any Rating
Agency.

         Section 8.04.  Severability  of  Provisions.  If any one or more of the
covenants, agreements,  provisions or terms of this Servicing Agreement shall be
for any  reason  whatsoever  held  invalid,  then  such  covenants,  agreements,
provisions  or terms shall be deemed  severable  from the  remaining  covenants,
agreements,  provisions or terms of this Servicing Agreement and shall in no way
affect the validity or  enforceability of the other provisions of this Servicing
Agreement or of the Securities or the rights of the Securityholders thereof.


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         Section 8.05. Third-Party Beneficiaries.  This Servicing Agreement will
inure  to  the  benefit  of  and  be  binding  upon  the  parties  hereto,   the
Securityholders,  the Credit  Enhancer,  the Owner Trustee and their  respective
successors and permitted assigns. Except as otherwise provided in this Servicing
Agreement, no other Person will have any right or obligation hereunder.

               Section 8.06.  Counterparts.  This  instrument may be executed in
          any number of counterparts,  each of which so executed shall be deemed
          to be an original, but all such counterparts shall together constitute
          but one and the same instrument.

               Section  8.07.  Effect of  Headings  and Table of  Contents.  The
          Article and Section  headings herein and the Table of Contents are for
          convenience only and shall not affect the construction hereof.

         Section  8.08.  Termination  Upon  Purchase  by the Master  Servicer or
Liquidation  of  All  Revolving  Credit  Loans;  Partial  Redemption.   (a)  The
respective obligations and responsibilities of the Master Servicer, the 1996-HS3
LLC and the  Indenture  Trustee  created  hereby shall  terminate  upon the last
action required to be taken by the Issuer pursuant to the Trust Agreement and by
the Indenture Trustee pursuant to the Indenture following the earlier of:

               (i) the date on or before which the Indenture or Trust  Agreement
          is terminated, or

             (ii) the purchase by the Master  Servicer  from the 1996-HS3 LLC of
         all Revolving Credit Loans and all property  acquired in respect of any
         Revolving  Credit  Loan at a price  equal to the greater of (a) 100% of
         the unpaid Loan Balance of each Revolving Credit Loan, plus accrued and
         unpaid interest thereon at the Weighted Average Net Loan Rate up to the
         day  preceding  the  Payment  Date  on  which  such  amounts  are to be
         distributed to  Securityholders,  plus any amounts due and owing to the
         Credit  Enhancer  under the  Insurance  Agreement  (any  unpaid  Master
         Servicing  Fee  shall be  deemed  paid at such  time)  and (b) the fair
         market value of the  Revolving  Credit Loans as  determined by two bids
         from  competitive  participants  in the  adjustable  home  equity  loan
         market.

The right of the Master  Servicer to  purchase  the assets of the  1996-HS3  LLC
pursuant to clause (ii) above is  conditioned  upon the Pool  Balance as of such
date  being less than ten  percent of the  aggregate  of the  Cut-off  Date Loan
Balances of the Revolving Credit Loans. If such right is exercised by the Master
Servicer,  the Master Servicer shall deposit the amount  calculated  pursuant to
clause (ii) above with the  Indenture  Trustee  pursuant to Section  4.10 of the
Indenture  and,  upon the  receipt of such  deposit,  the  Indenture  Trustee or
Custodian  shall  release to the Master  Servicer,  the files  pertaining to the
Revolving Credit Loans being purchased.

         (b) Subject to the provisions of clause (c) below,  the Master Servicer
has the right to purchase a portion of the assets of the  1996-HS3  LLC upon the
Pool Balance as of such date being less than ten percent of the aggregate of the
Cut-off Date Loan Balances of the Revolving Credit Loans at a price equal to the
greater of (a) 100% of the unpaid Loan Balance of each Revolving  Credit Loan so
purchased,  plus accrued and unpaid interest thereon at the Weighted Average Net
Loan Rate up to the day  preceding the Payment Date on which such amounts are to
be distributed to Securityholders,  plus any amounts due and owing to the Credit
Enhancer

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                                                        31

<PAGE>



under the Insurance  Agreement (any unpaid Master  Servicing Fee shall be deemed
paid at such time) and (b) the fair market value of the  Revolving  Credit Loans
as determined by two bids from  competitive  participants in the adjustable home
equity loan  market.  If such right is  exercised  by the Master  Servicer,  the
Master  Servicer  shall deposit the amount  calculated  above with the Indenture
Trustee  pursuant to Section 5.02 of the Indenture and, upon the receipt of such
deposit,  the  Indenture  Trustee  or  Custodian  shall  release  to the  Master
Servicer, the files pertaining to the Revolving Credit Loans being purchased.

         (c) With respect to any purchase of a portion of the  Revolving  Credit
Loans by the Master  Servicer  pursuant to subsection  (b) above,  the following
conditions  must be satisfied:  (i) the Master  Servicer shall have delivered to
the Indenture Trustee and the Credit Enhancer a loan schedule  containing a list
of all Revolving  Credit Loans remaining in the 1996-HS3 LLC after such removal;
(ii)  the  Master  Servicer  shall  represent  and  warrant  that  no  selection
procedures  adverse  to the  interests  of  the  Securityholders  or the  Credit
Enhancer were used by the Master  Servicer in selecting  such  Revolving  Credit
Loans; and (iii) each Rating Agency shall have notified the Master Servicer that
such retransfer  would not result in a reduction or withdrawal of the ratings of
the  Securities,   if  determined  without  regard  to  the  Credit  Enhancement
Instrument.  In lieu of a cash payment,  if an Amortization Event had previously
occurred,  all or a portion of such purchase price by the Master Servicer may be
in the  form  of  Additional  Balances  on  other  Revolving  Credit  Loans  not
previously conveyed to the 1996-HS3 LLC.

         (d) The Master Servicer,  at its expense,  shall prepare and deliver to
the Indenture Trustee for execution,  at the time the Revolving Credit Loans are
to be released to the Master Servicer, appropriate documents assigning each such
Revolving  Credit Loan from the  Indenture  Trustee or the  1996-HS3  LLC to the
Master Servicer or the appropriate party.

               Section 8.09.  Certain Matters  Affecting the Indenture  Trustee.
          For all purposes of this Servicing  Agreement,  in the  performance of
          any of its duties or in the  exercise of any of its powers  hereunder,
          the Indenture Trustee shall be subject to and entitled to the benefits
          of Article VI of the Indenture.

         Section  8.10.  Owner  Trustee  Not Liable for Related  Documents.  The
recitals contained herein shall be taken as the statements of the Depositor, and
the Owner Trustee assumes no  responsibility  for the correctness  thereof.  The
Owner Trustee makes no representations as to the validity or sufficiency of this
Servicing  Agreement,  of any Basic Document or of the Certificates  (other than
the signatures of the Owner Trustee on the Certificates) or the Notes, or of any
Related Documents. The Owner Trustee shall at no time have any responsibility or
liability  with  respect to the  sufficiency  of the Owner  Trust  Estate or its
ability to generate the payments to be distributed to  Certificateholders  under
the Trust  Agreement or the  Noteholders  under the  Indenture,  including,  the
compliance  by the  Depositor or the Seller with any warranty or  representation
made under any Basic Document or in any related  document or the accuracy of any
such warranty or representation,  or any action of the Certificate Paying Agent,
the  Certificate  Registrar or the  Indenture  Trustee  taken in the name of the
Owner Trustee.

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                                                        32

<PAGE>



         IN WITNESS  WHEREOF,  the Master  Servicer  and the  1996-HS3  LLC have
caused this Servicing Agreement to be duly executed by their respective officers
or representatives all as of the day and year first above written.

                                  RESIDENTIAL FUNDING CORPORATION,
                                    as Master Servicer


                                  By:
                                  Title: Director


               1996-HS3 LLC,
                                    as the Limited Liability Company


                       By:      Home Equity Loan Trust 1996-HS3, as
                                Managing Member
                                By:      Wilmington Trust Company, not in
                                         its individual capacity but solely as
                                         Owner Trustee


                                  By:
                                  Title:Vice President


                                  THE CHASE MANHATTAN BANK, as Indenture
                  Trustee


                                  By:
                                  Title:Vice President


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<PAGE>



                                    EXHIBIT A
                         REVOLVING CREDIT LOAN SCHEDULE

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<PAGE>



                                    EXHIBIT B
                            LIMITED POWER OF ATTORNEY

KNOW ALL MEN BY THESE PREMISES:

That The Chase Manhattan Bank, as Indenture  Trustee (the "Indenture  Trustee"),
under the  Indenture  among Home Equity Loan Trust  1996-HS3  and the  Indenture
Trustee, a national banking association organized and existing under the laws of
the  United  States of  America,  and  having its  principal  office  located at
____________________________________  in  the  City  of  ___________,  State  of
_______, hath made, constituted and appointed,  and does by these presents make,
constitute and appoint Residential Funding Corporation,  a corporation organized
and  existing  under  the laws of the  State of  Delaware,  its true and  lawful
Attorney-in-Fact,  with full power and authority to sign, execute,  acknowledge,
deliver, file for record, and record any instrument on its behalf and to perform
such  other  act or acts as may be  customarily  and  reasonably  necessary  and
appropriate to effectuate the following  enumerated  transactions  in respect of
any of the  mortgages  or deeds of trust  (the  "Mortgages"  and the  "Deeds  of
Trust", respectively) creating a trust or second lien or an estate in fee simple
interest in real property  securing a Revolving Credit Loan and promissory notes
secured  thereby (the "Mortgage  Notes") for which the  undersigned is acting as
Indenture Trustee for various Securityholders  (whether the undersigned is named
therein  as  mortgagee  or  beneficiary  or has  become  mortgagee  by virtue of
endorsement  of the Mortgage Note secured by any such Mortgage or Deed of Trust)
and for which Residential Funding Corporation is acting as master servicer.

This appointment shall apply to the following enumerated transactions only:

1.       The modification or re-recording of a Mortgage or Deed of Trust,  where
         said  modification or re-recording is for the purpose of correcting the
         Mortgage or Deed of Trust to conform same to the original intent of the
         parties thereto or to correct title errors  discovered after such title
         insurance was issued and said  modification or re-recording,  in either
         instance, does not adversely affect the lien of the Mortgage or Deed of
         Trust as insured.

2.       The  subordination  of the  lien of a  Mortgage  or Deed of Trust to an
         easement in favor of a public utility company or a government agency or
         unit with powers of eminent domain; this section shall include, without
         limitation,  the execution of partial  satisfactions/releases,  partial
         reconveyances  or the  execution of requests to trustees to  accomplish
         same.

3.       With  respect  to a Mortgage  or Deed of Trust,  the  foreclosure,  the
         taking of a deed in lieu of foreclosure,  or the completion of judicial
         or non-judicial foreclosure or termination,  cancellation or rescission
         of any such foreclosure,  including, without limitation, any and all of
         the following acts:

               a. The substitution of trustee(s)  serving under a Deed of Trust,
          in accordance with state law and the Deed of Trust;

         b.       Statements of breach or non-performance;

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<PAGE>




         c.       Notices of default;

         d. Cancelations/rescissions of notices of default and/or notices
          of sale;

         e.       The taking of a deed in lieu of foreclosure; and

               f. Such other documents and actions as may be necessary under the
          terms of the  Mortgage,  Deed of Trust or state  law to  expeditiously
          complete said transactions.

4.       The  conveyance  of the  properties  to the  mortgage  insurer,  or the
         closing of the title to the  property  to be  acquired  as real  estate
         owned, or conveyance of title to real estate owned.

5.       The completion of loan assumption agreements.

6.       The full  satisfaction/release  of a Mortgage  or Deed of Trust or full
         reconveyance  upon payment and  discharge of all sums secured  thereby,
         including,  without  limitation,  cancellation of the related  Mortgage
         Note.

7.       The  assignment  of any  Mortgage  or Deed  of  Trust  and the  related
         Mortgage  Note,  in  connection  with the  repurchase  of the Revolving
         Credit Loan secured and evidenced thereby.

8.       The full  assignment  of a Mortgage  or Deed of Trust upon  payment and
         discharge  of  all  sums  secured  thereby  in  conjunction   with  the
         refinancing thereof, including,  without limitation, the endorsement of
         the related Mortgage Note.

The undersigned gives said  Attorney-in-Fact full power and authority to execute
such instruments and to do and perform all and every act and thing necessary and
proper to carry into effect the power or powers granted by or under this Limited
Power of Attorney as fully as the undersigned might or could do, and hereby does
ratify and confirm to all that said Attorney-in-Fact  shall lawfully do or cause
to be done by authority hereof.

Third  parties  without  actual  notice may rely upon the  exercise of the power
granted  under this Limited  Power of Attorney;  and may be satisfied  that this
Limited Power of Attorney  shall  continue in full force and effect has not been
revoked  unless an  instrument  of  revocation  has been made in  writing by the
undersigned.

                                        THE CHASE MANHATTAN BANK



                                        as Indenture Trustee


Name:                                                Name:
Title:                                                        Title:

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<PAGE>




STATE OF                            )
                                    SS.
COUNTY OF                  )


         On this 30th day of October,  1996,  before me the undersigned,  Notary
Public  of  said  State,  personally  appeared   _______________________________
personally  known to me to be duly  authorized  officers of The Chase  Manhattan
Bank that executed the within  instrument and  personally  known to me to be the
persons who executed the within instrument on behalf of The Chase Manhattan Bank
therein named, and acknowledged to me such The Chase Manhattan Bank executed the
within instrument pursuant to its by-laws.

                                                              WITNESS   my  hand
and official seal.



                                            Notary Public in and for the
                                            State of



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<PAGE>


                                    EXHIBIT C
                           FORM OF REQUEST FOR RELEASE

DATE:

TO:

RE:               REQUEST FOR RELEASE OF DOCUMENTS

In connection with your  administration  of the Class A Ownership  Interest,  we
request the release of the Mortgage File described below.

Servicing Agreement Dated:
Series #:
Account #:
Pool #:
Loan #:
Borrower Name(s):
Reason for Document Request: (circle one)                 Revolving Credit Loan
Prepaid in Full
                                                      Mortgage Loan Repurchased

"We hereby  certify  that all amounts  received or to be received in  connection
with such  payments  which are required to be deposited  have been or will be so
deposited as provided in the Servicing Agreement."

- -------------------------------------
Residential Funding Corporation
Authorized Signature

******************************************************************
TO CUSTODIAN/INDENTURE  TRUSTEE:  Please acknowledge this request, and check off
documents  being  enclosed with a copy of this form. You should retain this form
for your files in accordance with the terms of the Servicing Agreement.

         Enclosed Documents:        [  ]    Promissory Note
                                     [  ]     Mortgage or Deed of Trust
                                     [  ]     Assignment(s) of Mortgage or
                                               Deed of Trust
                                     [  ]     Title Insurance Policy
                                     [  ]     Other:  _________________________

Name

Title

Date

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<PAGE>




                RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.

                                  as Depositor



                                       and



                            WILMINGTON TRUST COMPANY

                                as Owner Trustee


                    -----------------------------------------


                      AMENDED AND RESTATED TRUST AGREEMENT

                           Dated as of October 1, 1996

                   ------------------------------------------



                      Home Equity Loan-Backed Certificates,
                                 Series 1996-HS3









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<PAGE>



                                Table of Contents

Section                                                              Page

                           ARTICLE I

                          Definitions
1.01.         Definitions...................................................  1
1.02.         Other Definitional Provisions.................................  1

                          ARTICLE II

                         Organization
2.01.         Name..........................................................  3
2.02.         Office........................................................  3
2.03.         Purposes and Powers...........................................  3
2.04.         Appointment of Owner Trustee..................................  4
2.05.         Initial Capital Contribution of Owner Trust Estate............  4
2.06.         Declaration of Trust..........................................  4
2.07.         Liability of the Holder of the Designated Certificate.........  4
2.08.         Title to Trust Property.......................................  5
2.09.         Situs of Trust................................................  5
2.10.         Representations and Warranties of the Depositor...............  5
2.11.         Payment of Trust Fees.........................................  6

                          ARTICLE III

         Conveyance of the Class A Ownership Interest;
                         Certificates
3.01.         Conveyance of the Class A Ownership Interest..................  7
3.02.         Initial Ownership.............................................  7
3.03.         The Initial Certificates; The Variable Funding Certificates...  7
3.04.         Authentication of Certificates................................  8
3.05.         Registration of and Limitations on Transfer and Exchange of
              Certificates..................................................  8
3.06.         Mutilated, Destroyed, Lost or Stolen Certificates............. 11
3.07.         Persons Deemed Certificateholders............................. 11
3.08.         Access to List of Certificateholders' Names and Addresses..... 11
3.09.         Maintenance of Office or Agency............................... 12
3.10.         Certificate Paying Agent...................................... 12
3.11.         Ownership by MATI............................................. 13
3.12.         Subrogation and Cooperation................................... 14

                          ARTICLE IV

             Authority and Duties of Owner Trustee
4.01.         General Authority............................................. 15

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                                                    i

<PAGE>


Section                                                                   Page


4.02.  General Duties...................................................... 15
4.03.  Action upon Instruction............................................. 15
4.04.  No Duties Except as Specified under Specified Documents or in
       Instructions........................................................ 16
4.05.  Restrictions........................................................ 16
4.06.  Prior Notice to Certificateholders and the Credit Enhancer with
       Respect to Certain Matters.......................................... 16
4.07.  Action by Certificateholders with Respect to Certain Matters........ 17
4.08.  Action by Certificateholders with Respect to Bankruptcy............. 17
4.09.  Restrictions on Certificateholders' Power........................... 17
4.10.  Majority Control.................................................... 17
4.11.  Doing Business in Other Jurisdictions............................... 18

                    ARTICLE V

           Application of Trust Funds
5.01.  Distributions....................................................... 19
5.02.  Method of Payment................................................... 19
5.03.  Signature on Returns................................................ 20
5.04.  Statements to Certificateholders.................................... 20
5.05.  Tax Reporting; Tax Elections........................................ 20

                   ARTICLE VI

          Concerning the Owner Trustee
6.01.  Acceptance of Trusts and Duties..................................... 21
6.02.  Furnishing of Documents............................................. 22
6.03.  Representations and Warranties...................................... 22
6.04.  Reliance; Advice of Counsel......................................... 23
6.05.  Not Acting in Individual Capacity................................... 23
6.06.  Owner Trustee Not Liable for Certificates or Related Documents...... 23
6.07.  Owner Trustee May Own Certificates and Notes........................ 24

                   ARTICLE VII

          Compensation of Owner Trustee
7.01.  Owner Trustee's Fees and Expenses................................... 25
7.02.  Indemnification..................................................... 25

                  ARTICLE VIII

         Termination of Trust Agreement
8.01.  Termination of Trust Agreement...................................... 27

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                                                    ii

<PAGE>



8.02.         Dissolution upon Bankruptcy of the Holder of the Designated
              Certificate.................................................. 28

                          ARTICLE IX

    Successor Owner Trustees and Additional Owner Trustees
9.01.         Eligibility Requirements for Owner Trustee................... 29
9.02.         Replacement of Owner Trustee................................. 29
9.03.         Successor Owner Trustee...................................... 30
9.04.         Merger or Consolidation of Owner Trustee..................... 30
9.05.         Appointment of Co-Trustee or Separate Trustee................ 30

                           ARTICLE X

                         Miscellaneous
10.01.        Amendments.................................................... 32
10.02.        No Legal Title to Owner Trust Estate.......................... 33
10.03.        Limitations on Rights of Others............................... 33
10.04.        Notices....................................................... 34
10.05.        Severability.................................................. 34
10.06.        Separate Counterparts......................................... 34
10.07.        Successors and Assigns........................................ 34
10.08.        No Petition................................................... 35
10.09.        No Recourse................................................... 35
10.10.        Headings...................................................... 35
10.11.        GOVERNING LAW................................................. 35
10.12.        Integration................................................... 35
10.13.        Rights of Credit Enhancer To Exercise Rights of 
Certificateholders....................... 35

Signatures .................................................................40


EXHIBIT

Exhibit A - Form of Certificate............................................A-1
Exhibit B - Certificate of Trust of Residential Home Equity
                             Loan Trust 1996-HS3 ..........................B-1
Exhibit C - Form of 144A Investment Representation.........................C-1
Exhibit D - Form of Investor Representation Letter.........................D-1
Exhibit E - Form of Transferor Representation Letter.......................E-1
Exhibit F - Form of Certificate of Non-Foreign Status......................F-1
Exhibit G - Form of ERISA Representation Letter............................G-1


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                                       iii

<PAGE>



         This Trust Agreement, dated as of October 1, 1996 (as amended from time
to  time,  this  "Trust   Agreement"),   between  RESIDENTIAL  FUNDING  MORTGAGE
SECURITIES II, INC., a Delaware corporation,  as Depositor (the "Depositor") and
Wilmington Trust Company, a Delaware banking corporation,  as Owner Trustee (the
"Owner Trustee"),


                                WITNESSETH THAT:

         In  consideration  of  the  mutual  agreements  herein  contained,  the
Depositor and the Owner Trustee agree as follows:


                                    ARTICLE I

                                   Definitions

         Section 1.01.  Definitions.  For all purposes of this Trust  Agreement,
except as otherwise  expressly  provided herein or unless the context  otherwise
requires, capitalized terms not otherwise defined herein shall have the meanings
assigned to such terms in  Appendix A to the  Indenture.  All other  capitalized
terms used herein shall have the meanings specified herein.

         Section 1.02.     Other Definitional Provisions.

         (a) All terms  defined in this Trust  Agreement  shall have the defined
meanings  when  used in any  certificate  or other  document  made or  delivered
pursuant hereto unless otherwise defined therein.

         (b) As used in this Trust  Agreement  and in any  certificate  or other
document  made or delivered  pursuant  hereto or thereto,  accounting  terms not
defined in this Trust  Agreement or in any such  certificate or other  document,
and  accounting  terms  partly  defined in this Trust  Agreement  or in any such
certificate  or  other  document  to the  extent  not  defined,  shall  have the
respective   meanings  given  to  them  under  generally   accepted   accounting
principles. To the extent that the definitions of accounting terms in this Trust
Agreement or in any such certificate or other document are inconsistent with the
meanings of such terms  under  generally  accepted  accounting  principles,  the
definitions  contained  in this Trust  Agreement or in any such  certificate  or
other document shall control.

         (c) The words  "hereof,"  "herein,"  "hereunder"  and words of  similar
import when used in this Trust  Agreement shall refer to this Trust Agreement as
a whole and not to any particular provision of this Trust Agreement; Section and
Exhibit references  contained in this Trust Agreement are references to Sections
and Exhibits in or to this Trust Agreement unless otherwise  specified;  and the
term "including" shall mean "including without limitation".

         (d) The definitions contained in this Trust Agreement are applicable to
the singular as well as the plural  forms of such terms and to the  masculine as
well as to the feminine and neuter genders of such terms.


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<PAGE>



         (e) Any agreement,  instrument or statute defined or referred to herein
or in any instrument or certificate  delivered in connection herewith means such
agreement,  instrument  or statute  as from time to time  amended,  modified  or
supplemented and includes (in the case of agreements or instruments)  references
to all attachments thereto and instruments incorporated therein; references to a
Person are also to its permitted successors and assigns.

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                                                         2

<PAGE>



                                   ARTICLE II

                                  Organization

         Section 2.01.  Name.  The trust created  hereby (the "Trust")  shall be
known as "Home Equity Loan Trust  1996-HS3," in which name the Owner Trustee may
conduct  the  business  of the  Trust,  make and  execute  contracts  and  other
instruments on behalf of the Trust and sue and be sued.

               Section 2.02. Office. The office of the Trust shall be in care of
          the Owner  Trustee  at the  Corporate  Trust  Office or at such  other
          address in Delaware  as the Owner  Trustee  may  designate  by written
          notice to the Certificateholders and the Depositor.

               Section 2.03. Purposes and Powers. The purpose of the Trust is to
          engage in the following activities:

               (i) to  issue  the  Notes  pursuant  to  the  Indenture  and  the
          Certificates  pursuant to this Trust  Agreement  and to sell the Notes
          and the Certificates;
                  (ii) to purchase  the Class A  Ownership  Interest in 1996-HS3
         LLC,  to act  as  Managing  Member  of  1996-HS3  LLC  and  to pay  the
         organizational, start-up and transactional expenses of the Trust;

                  (iii) to assign, grant, transfer,  pledge and convey the Class
         A Ownership  Interest pursuant to the Indenture and to hold, manage and
         distribute  to the  Certificateholders  pursuant  to  Section  5.01 any
         portion of the Class A Ownership  Interest  released  from the Lien of,
         and remitted to the Trust pursuant to the Indenture;

               (iv) to enter into and  perform its  obligations  under the Basic
          Documents to which it is to be a party;

                  (v) to engage in those  activities,  including  entering  into
         agreements,  that are  necessary,  suitable or convenient to accomplish
         the  foregoing  or  are  incidental  thereto  or  connected  therewith,
         including,  without limitation,  to accept additional  contributions of
         equity that are not subject to the Lien of the Indenture; and

                  (vi) subject to compliance with the Basic Documents, to engage
         in  such  other  activities  as  may be  required  in  connection  with
         conservation of the Owner Trust Estate and the making of  distributions
         to the Certificateholders and the Noteholders.

The Trust is hereby authorized to engage in the foregoing activities.  The Trust
shall not engage in any activity other than in connection  with the foregoing or
other than as required or authorized by the terms of this Trust Agreement or the
Basic Documents while any Note is outstanding  without the consent of a majority
of the Certificateholders and the Indenture Trustee.


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                                                         3

<PAGE>



               Section 2.04.  Appointment of Owner Trustee. The Depositor hereby
          appoints the Owner Trustee as trustee of the Trust effective as of the
          date  hereof,  to have all the  rights,  powers  and  duties set forth
          herein.

         Section 2.05.  Initial Capital  Contribution of Owner Trust Estate. The
Depositor hereby sells, assigns, transfers,  conveys and sets over to the Trust,
as of the date  hereof,  the sum of $1. The Owner  Trustee  hereby  acknowledges
receipt in trust from the  Depositor,  as of the date hereof,  of the  foregoing
contribution,  which shall  constitute the initial corpus of the Trust and shall
be deposited in the  Certificate  Distribution  Account.  The Owner Trustee also
acknowledges  on  behalf  of the  Issuer,  the  receipt  in trust of the Class A
Ownership  Interest and a Credit  Enhancement  Instrument  assigned to the Trust
pursuant to Section 3.01, which shall constitute the Owner Trust Estate.

         Section 2.06.  Declaration of Trust.  The Owner Trustee hereby declares
that it shall  hold the Owner  Trust  Estate in trust  upon and  subject  to the
conditions  set forth herein for the use and benefit of the  Certificateholders,
subject to the  obligations  of the Trust under the Basic  Documents.  It is the
intention of the parties hereto that the Trust constitute a business trust under
the  Business  Trust  Statute  and that  this  Trust  Agreement  constitute  the
governing  instrument of such business trust. It is the intention of the parties
hereto that,  solely for income and franchise  tax purposes,  the Trust shall be
treated as a  partnership,  with the assets of the  partnership  being the Owner
Trust Estate, the partners of the partnership being the  Certificateholders  and
the  Notes  being  debt of the  partnership  and the  provisions  of this  Trust
Agreement shall be interpreted to further this intention.  Solely for income and
franchise tax  purposes,  the rights of the  Certificateholders  (other than the
Holder of the Designated  Certificate) will be those of limited partners and the
rights of the Holder of the  Designated  Certificate  will be those of a general
partner in a  partnership  formed under the  Delaware  Revised  Uniform  Limited
Partnership  Act.  The  parties  agree  that,   unless  otherwise   required  by
appropriate tax authorities,  the Trust will file or cause to be filed annual or
other  necessary   returns,   reports  and  other  forms   consistent  with  the
characterization of the Trust as a partnership for such tax purposes.  Effective
as of the date  hereof,  the Owner  Trustee  shall have all  rights,  powers and
duties set forth  herein  and in the  Business  Trust  Statute  with  respect to
accomplishing the purposes of the Trust.

         Section 2.07.  Liability of the Holder of the  Designated  Certificate.
(a) The Holder of the  Designated  Certificate  shall be liable  directly to and
shall indemnify any injured party for all losses, claims,  damages,  liabilities
and expenses of the Trust (including Expenses, to the extent not paid out of the
Owner Trust Estate) to the extent that the Holder of the Designated  Certificate
would be liable if the  Trust  were a  partnership  under the  Delaware  Revised
Uniform  Limited   Partnership  Act  in  which  the  Holder  of  the  Designated
Certificate were a general partner;  provided,  however,  that the Holder of the
Designated  Certificate  shall not be liable for payments required to be made on
the  Securities,  or for  any  losses  incurred  by a  Certificateholder  in the
capacity of an investor in the  Certificates  or a Noteholder in the capacity of
an  investor  in the Notes or the Credit  Enhancer  for any amount due and owing
under  the  Credit  Enhancement   Instrument.   The  Holder  of  the  Designated
Certificate  shall be liable for any entity level taxes imposed on the Trust. In
addition,  any third party creditors of the Trust, including the Credit Enhancer
(other than in connection with the  obligations  described in the first sentence
of this Section 2.07 for which the Holder of the  Designated  Certificate  shall
not be liable) shall

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<PAGE>



be deemed third party  beneficiaries  of this paragraph.  The obligations of the
Holder of the Designated  Certificate under this paragraph shall be evidenced by
the Designated Certificate.

         (b) Subject to subsection (a) above,  the  Certificateholders  shall be
entitled to the same limitation of personal  liability  extended to stockholders
of private  corporations for profit organized under the General  Corporation Law
of the State of Delaware.

         Section 2.08.  Title to Trust Property.  Legal title to the Owner Trust
Estate  shall be vested at all times in the  Trust as a  separate  legal  entity
except where  applicable law in any  jurisdiction  requires title to any part of
the Owner  Trust  Estate to be vested in a trustee  or  trustees,  in which case
title shall be deemed to be vested in the Owner Trustee,  a co-trustee  and/or a
separate trustee, as the case may be.

         Section  2.09.   Situs  of  Trust.   The  Trust  will  be  located  and
administered in the State of Delaware. All bank accounts maintained by the Owner
Trustee on behalf of the Trust  shall be located in the State of Delaware or the
State of New York.  The Trust  shall not have any  employees  in any state other
than Delaware; provided, however, that nothing herein shall restrict or prohibit
the Owner Trustee from having  employees within or without the State of Delaware
or taking actions  outside the State of Delaware in order to comply with Section
2.03.  Payments will be received by the Trust only in Delaware or New York,  and
payments  will be made by the Trust  only from  Delaware  or New York.  The only
office of the Trust will be at the Corporate Trust Office in Delaware.

               Section 2.10.  Representations  and  Warranties of the Depositor.
          The  Depositor  hereby  represents  and warrants to the Owner  Trustee
          that:
                      (i) The Depositor is duly  organized and validly  existing
         as a  corporation  in good  standing  under  the  laws of the  State of
         Delaware, with power and authority to own its properties and to conduct
         its business as such  properties are currently  owned and such business
         is presently conducted.

                     (ii) The  Depositor  is duly  qualified to do business as a
         foreign  corporation  in good  standing and has obtained all  necessary
         licenses and approvals in all  jurisdictions  in which the ownership or
         lease of its property or the conduct of its business shall require such
         qualifications  and in which the  failure  to so  qualify  would have a
         material  adverse  effect  on  the  business,   properties,  assets  or
         condition  (financial or other) of the Depositor and the ability of the
         Depositor to perform under this Trust Agreement.

                    (iii) The  Depositor  has the power and authority to execute
         and  deliver  this  Trust  Agreement  and to carry out its  terms;  the
         Depositor  has full power and authority to sell and assign the property
         to be sold and assigned to and deposited  with the Trust as part of the
         Trust and the Depositor has duly  authorized  such sale and  assignment
         and deposit to the Trust by all  necessary  corporate  action;  and the
         execution,  delivery and  performance of this Trust Agreement have been
         duly authorized by the Depositor by all necessary corporate action.


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<PAGE>



                     (iv) The consummation of the  transactions  contemplated by
         this Trust  Agreement  and the  fulfillment  of the terms hereof do not
         conflict with,  result in any breach of any of the terms and provisions
         of, or constitute  (with or without  notice or lapse of time) a default
         under, the articles of incorporation or bylaws of the Depositor, or any
         indenture,  agreement or other  instrument  to which the Depositor is a
         party or by which it is bound; nor result in the creation or imposition
         of any Lien  upon any of its  properties  pursuant  to the terms of any
         such indenture,  agreement or other instrument  (other than pursuant to
         the  Basic  Documents);  nor  violate  any law or,  to the  best of the
         Depositor's knowledge,  any order, rule or regulation applicable to the
         Depositor  of any court or of any  federal  or state  regulatory  body,
         administrative  agency  or other  governmental  instrumentality  having
         jurisdiction over the Depositor or its properties.

               Section 2.11.  Payment of Trust Fees. The Owner Trustee shall pay
          the Trust's fees and expenses incurred with respect to the performance
          of the Trust's duties under the Indenture.
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<PAGE>



                                   ARTICLE III

                  Conveyance of the Class A Ownership Interest;
                                  Certificates

         Section  3.01.  Conveyance  of the  Class  A  Ownership  Interest.  The
Depositor,  concurrently  with the  execution and delivery  hereof,  does hereby
transfer,  convey, sell and assign to the Trust, on behalf of the Holders of the
Notes and the Certificates and the Credit Enhancer,  without  recourse,  all its
right,  title  and  interest  in and to the  Class  A  Ownership  Interest.  The
Depositor will also provide the Trust with the Credit Enhancement Instrument.

         The parties  hereto intend that the  transaction  set forth herein be a
sale by the  Depositor  to the Trust of all of its right,  title and interest in
and to the Class A Ownership  Interest.  In the event that the  transaction  set
forth  herein is not deemed to be a sale,  the  Depositor  hereby  grants to the
Trust a security  interest in all of its right,  title and  interest  in, to and
under the  Owner  Trust  Estate,  all  distributions  thereon  and all  proceeds
thereof;  and this Trust Agreement shall  constitute a security  agreement under
applicable law.

         Section 3.02. Initial Ownership. Upon the formation of the Trust by the
contribution by the Depositor  pursuant to Section 2.05 and until the conveyance
of the Class A Ownership  Interest  pursuant to Section 3.01 and the issuance of
the Certificates, the Depositor shall be the sole Certificateholder.

         Section  3.03.   The  Initial   Certificates;   The  Variable   Funding
Certificates.   (a)  The  Initial   Certificates  shall  be  issued  in  minimum
denominations  of  $250,000  and in  integral  multiples  of  $10,000  in excess
thereof;  except  for one  Initial  Certificate  that may not be in an  integral
multiple  of  $10,000;  provided,   however,  that  the  Designated  Certificate
initially  issued  pursuant  to  Section  3.11 may be  issued  in the  amount of
$214,993.96.  The Capped Funding  Certificates will be issued in minimum initial
Security Balances of $10,000 and integral multiples of $1,000 in excess thereof,
together with any additional amount necessary to cover (i) the aggregate initial
Security  Balance of the Capped Funding  Certificates  issued at the time of the
initial  denominational  exchange thereof or (ii) the aggregate initial Security
Balance of any Capped Funding  Certificates  issued in an exchange  described in
subsection (d) below.

         The Certificates  shall be executed on behalf of the Trust by manual or
facsimile   signature  of  an  authorized  officer  of  the  Owner  Trustee  and
authenticated in the manner provided in Section 3.04.  Certificates  bearing the
manual or facsimile  signatures of  individuals  who were, at the time when such
signatures  shall have been affixed,  authorized to sign on behalf of the Trust,
shall be validly  issued and  entitled to the  benefit of this Trust  Agreement,
notwithstanding  that such individuals or any of them shall have ceased to be so
authorized prior to the  authentication and delivery of such Certificates or did
not  hold  such  offices  at the date of  authentication  and  delivery  of such
Certificates. A Person shall become a Certificateholder and shall be entitled to
the rights and subject to the obligations of a Certificateholder  hereunder upon
such Person's acceptance of a Certificate duly registered in such Person's name,
pursuant to Section 3.05.


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<PAGE>



         A transferee  of a  Certificate  shall become a  Certificateholder  and
shall  be  entitled  to  the  rights  and  subject  to  the   obligations  of  a
Certificateholder  hereunder upon such transferee's  acceptance of a Certificate
duly registered in such  transferee's  name pursuant to and upon satisfaction of
the conditions set forth in Section 3.05.

         (b) On  each  Payment  Date,  the  aggregate  Security  Balance  of the
Variable Funding  Certificates shall be increased by an amount equal to 8.00% of
the  Additional  Balance  Differential  for such  Payment  Date,  subject to the
Maximum  Variable Funding  Certificate  Balance and the terms and conditions set
forth below.  On each Payment  Date,  1.00% of the  aggregate  Security  Balance
increase of the Variable Funding Certificates shall be allocated to one Variable
Funding  Certificate which shall be held as part of the Designated  Certificates
pursuant to Section 3.11.

         (c) The Variable Funding  Certificate  issued on the Closing Date shall
bear the Designation "VFC-1" and each new Variable Funding Certificate will bear
sequential numerical designations in the order of their issuance.

         (d) In addition  to the  foregoing,  if at any time a Variable  Funding
Certificate has a Security  Balance of at least $10,000,  such Variable  Funding
Certificate may be exchanged pursuant to Section 3.05 for (i) one or more Capped
Funding  Certificates  in minimum  denominations  as set forth in subsection (a)
above,  which  shall bear the  designation  "Capped"  in  addition  to any other
applicable  designation,  and (ii) a new Variable Funding  Certificate having an
initial Security Balance equal to the excess of the outstanding Security Balance
of the Variable  Funding  Certificate so surrendered  over the initial  Security
Balances of the Capped Funding Certificates referred to in clause (i) above.

         Section 3.04.  Authentication  of Certificates.  Concurrently  with the
acquisition of the Class A Ownership Interest by the Trust, the Owner Trustee or
the  Certificate  Paying  Agent  shall  cause  the  Initial  Certificates  in an
aggregate  principal amount equal to the Initial Security Balance of the Initial
Certificates to be executed on behalf of the Trust,  authenticated and delivered
to or upon the written  order of the  Depositor,  signed by its  chairman of the
board, its president or any vice president,  without further corporate action by
the Depositor,  in authorized  denominations.  No Certificate  shall entitle its
holder to any  benefit  under this Trust  Agreement  or be valid for any purpose
unless there shall appear on such  Certificate a certificate  of  authentication
substantially  in the form set forth in Exhibit A, executed by the Owner Trustee
or the Certificate Paying Agent, by manual signature;  such authentication shall
constitute  conclusive  evidence  that  such  Certificate  shall  have been duly
authenticated and delivered hereunder.  All Certificates shall be dated the date
of their authentication.

         Section 3.05.  Registration of and Limitations on Transfer and Exchange
of  Certificates.  The Certificate  Registrar shall keep or cause to be kept, at
the office or agency maintained pursuant to Section 3.09, a Certificate Register
in which,  subject  to such  reasonable  regulations  as it may  prescribe,  the
Certificate  Registrar shall provide for the registration of Certificates and of
transfers  and  exchanges of  Certificates  as herein  provided.  The  Indenture
Trustee shall be the initial Certificate Registrar. If the Certificate Registrar
resigns or is removed,  the Owner Trustee shall appoint a successor  Certificate
Registrar.


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<PAGE>



         Subject to  satisfaction  of the  conditions set forth below and to the
provisions  of Section 3.11 with  respect to the  Designated  Certificate,  upon
surrender  for  registration  of  transfer of any  Certificate  at the office or
agency  maintained  pursuant to Section 3.09,  the Owner Trustee shall  execute,
authenticate  and  deliver  (or shall  cause the  Certificate  Registrar  as its
authenticating  agent to authenticate and deliver) in the name of the designated
transferee  or  transferees,   one  or  more  new   Certificates  in  authorized
denominations of a like aggregate amount dated the date of authentication by the
Owner Trustee or any authenticating agent. At the option of a Certificateholder,
Certificates may be exchanged for other Certificates of authorized denominations
of a like aggregate amount upon surrender of the Certificates to be exchanged at
the office or agency maintained pursuant to Section 3.09.

         Every Certificate presented or surrendered for registration of transfer
or exchange  shall be  accompanied  by a written  instrument of transfer in form
satisfactory to the Certificate Registrar duly executed by the Certificateholder
or  such   Certificateholder's   attorney  duly  authorized  in  writing.   Each
Certificate  surrendered  for  registration  of transfer  or  exchange  shall be
cancelled  and  subsequently   disposed  of  by  the  Certificate  Registrar  in
accordance with its customary practice.

         No service  charge  shall be made for any  registration  of transfer or
exchange of Certificates, but the Owner Trustee or the Certificate Registrar may
require payment of a sum sufficient to cover any tax or governmental charge that
may be imposed in connection with any transfer or exchange of Certificates.

         Each  Certificateholder  shall  establish  its  non-foreign  status  by
submitting to the  Certificate  Paying Agent an IRS Form W-9 and the Certificate
of  Non-Foreign  Status set forth in Exhibit F hereto  or,  alternatively,  such
Certificateholder  will be subject to United States federal withholding tax at a
rate of 30 percent,  unless  reduced or  eliminated  pursuant  to an  applicable
treaty.

         No  Variable  Funding  Certificate,   other  than  any  Capped  Funding
Certificate  may be  transferred.  Subject to the  provisions  set forth  below,
Capped Funding  Certificates  may be transferred,  provided that with respect to
the initial  transfer  thereof by the Seller prior written  notification of such
transfer shall have been given to the Rating Agencies and to the Credit Enhancer
by the Seller.

         No transfer,  sale,  pledge or other disposition of a Certificate shall
be made unless such transfer,  sale,  pledge or other disposition is exempt from
the  registration  requirements  of the Securities Act and any applicable  state
securities laws or is made in accordance with said Act and laws. In the event of
any such transfer,  the  Certificate  Registrar or the Depositor  shall prior to
such transfer require the transferee to execute (A) either (i) (a) an investment
letter in  substantially  the form attached hereto as Exhibit C (or in such form
and  substance  reasonably  satisfactory  to the  Certificate  Registrar and the
Depositor)  which  investment  letters shall not be an expense of the Trust, the
Owner Trustee, the Certificate  Registrar,  the Master Servicer or the Depositor
and which investment letter states that, among other things, such transferee (a)
is a "qualified  institutional buyer" as defined under Rule 144A, acting for its
own account or the accounts of other "qualified institutional buyers" as defined
under Rule 144A, and (b) is aware that the proposed  transferor  intends to rely
on the exemption from registration requirements

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                                                         9

<PAGE>



under the Securities Act of 1933, as amended,  provided by Rule 144A or (ii) (a)
a  written  Opinion  of  Counsel   acceptable  to  and  in  form  and  substance
satisfactory to the  Certificate  Registrar and the Depositor that such transfer
may be made pursuant to an exemption,  describing the  applicable  exemption and
the basis therefor, from said Act and laws or is being made pursuant to said Act
and laws,  which Opinion of Counsel  shall not be an expense of the Issuer,  the
Owner Trustee, the Certificate  Registrar,  the Master Servicer or the Depositor
and (b) the transferee  executes a representation  letter,  substantially in the
form of Exhibit D hereto, and the transferor  executes a representation  letter,
substantially  in the form of Exhibit E hereto,  each  acceptable to and in form
and  substance  satisfactory  to the  Certificate  Registrar  and the  Depositor
certifying the facts  surrounding such transfer,  which  representation  letters
shall not be an  expense  of the  Issuer,  the Owner  Trustee,  the  Certificate
Registrar,  the Master  Servicer of the  Depositor  and (B) the  Certificate  of
Non-Foreign  Status (in  substantially  the form  attached  hereto as Exhibit F)
acceptable  to  and  in  form  and  substance  reasonably  satisfactory  to  the
Certificate  Registrar  and the  Depositor,  which  certificate  shall not be an
expense  of the Trust,  the Owner  Trustee,  the  Certificate  Registrar  or the
Depositor provided,  however, that if a Certificate of Non-Foreign Status is not
provided to the  Certificate  Registrar and the  Depositor  upon  transfer,  the
transferee will be subject to United States federal withholding tax at a rate of
30 percent,  unless reduced or eliminated  pursuant to an applicable treaty. The
Certificateholder  desiring to effect such transfer shall, and does hereby agree
to,  indemnify the Trust,  the Owner Trustee,  the  Certificate  Registrar,  the
Master  Servicer and the Depositor  against any liability that may result if the
transfer  is not so exempt or is not made in  accordance  with such  federal and
state laws.

          No transfer of Certificates  or any interest  therein shall be made to
any employee benefit plan or certain other  retirement  plans and  arrangements,
including  individual  retirement  accounts and annuities,  Keogh plans and bank
collective  investment funds and insurance  company general or separate accounts
in which such plans, accounts or arrangements are invested,  that are subject to
ERISA, or Section 4975 of the Code  (collectively,  "Plan"),  any Person acting,
directly or indirectly,  on behalf of any such Plan or any Person acquiring such
Certificates  with "plan assets" of a Plan within the meaning of the  Department
of Labor  regulation  promulgated  at 29 C.F.R.  ss.2510.3-101  ("Plan  Assets")
unless the  Depositor,  the Owner  Trustee,  the  Certificate  Registrar and the
Master Servicer are provided with an Opinion of Counsel which establishes to the
satisfaction of the Depositor,  the Owner Trustee, the Certificate Registrar and
the Master  Servicer  that the purchase of  Certificates  is  permissible  under
applicable  law,  will not  constitute or result in any  prohibited  transaction
under ERISA or Section 4975 of the Code and will not subject the Depositor,  the
Owner  Trustee,  the  Certificate  Registrar  or  the  Master  Servicer  to  any
obligation or liability  (including  obligations or  liabilities  under ERISA or
Section  4975 of the Code) in addition to those  undertaken  in this  Agreement,
which  Opinion of Counsel  shall not be an expense of the  Depositor,  the Owner
Trustee,  the  Certificate  Registrar  or the Master  Servicer.  In lieu of such
Opinion of Counsel, a Plan, any Person acting, directly or indirectly, on behalf
of any such Plan or any Person acquiring such Certificates with Plan Assets of a
Plan may  provide a  certification  in the form of Exhibit G to this  Agreement,
which the Depositor, the Owner Trustee, the Certificate Registrar and the Master
Servicer  may rely upon without  further  inquiry or  investigation.  Neither an
Opinion of Counsel nor a  certification  will be required in connection with the
initial transfer of any such Certificate by the Depositor to an affiliate of the
Depositor  (in which case,  the  Depositor or any  affiliate  thereof shall have
deemed  to have  represented  that  such  affiliate  is not a Plan  or a  Person
investing Plan Assets of any

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<PAGE>



Plan)  and the Owner  Trustee  shall be  entitled  to  conclusively  rely upon a
representation (which, upon the request of the Owner Trustee, shall be a written
representation)  from the  Depositor  of the  status  of such  transferee  as an
affiliate of the Depositor.

         In addition,  no transfer of a Certificate  shall be permitted,  and no
such transfer shall be registered by the  Certificate  Registrar or be effective
hereunder, if such transfer or the registration of such transfer would cause the
Issuer  to  be  classified  as  a  publicly  traded  partnership,  taxable  as a
corporation  for federal  income tax purposes by causing the Issuer to have more
than 100 Certificateholders at any time during the taxable year of the Issuer.

         Section 3.06. Mutilated, Destroyed, Lost or Stolen Certificates. If (a)
any mutilated Certificate shall be surrendered to the Certificate Registrar,  or
if the Certificate  Registrar shall receive  evidence to its satisfaction of the
destruction,  loss or theft of any  Certificate and (b) there shall be delivered
to the Certificate Registrar and the Owner Trustee such security or indemnity as
may be  required by them to save each of them and the Issuer  harmless,  then in
the absence of notice to the  Certificate  Registrar  or the Owner  Trustee that
such  Certificate has been acquired by a bona fide purchaser,  the Owner Trustee
shall  execute on behalf of the Trust and the Owner  Trustee or the  Certificate
Paying  Agent,  as the Trust's  authenticating  agent,  shall  authenticate  and
deliver,  in exchange for or in lieu of any such mutilated,  destroyed,  lost or
stolen  Certificate,  a new  Certificate  of like  tenor  and  denomination.  In
connection with the issuance of any new Certificate under this Section 3.06, the
Owner  Trustee or the  Certificate  Registrar  may  require the payment of a sum
sufficient to cover any tax or other governmental  charge that may be imposed in
connection therewith.  Any duplicate Certificate issued pursuant to this Section
3.06 shall  constitute  conclusive  evidence of  ownership  in the Trust,  as if
originally  issued,  whether or not the lost,  stolen or  destroyed  Certificate
shall be found at any time.

         Section  3.07.   Persons  Deemed   Certificateholders.   Prior  to  due
presentation of a Certificate for  registration of transfer,  the Owner Trustee,
the Certificate  Registrar or any Certificate  Paying Agent may treat the Person
in whose name any Certificate is registered in the  Certificate  Register as the
owner of such Certificate for the purpose of receiving distributions pursuant to
Section 5.02 and for all other purposes  whatsoever,  and none of the Trust, the
Owner Trustee,  the Certificate  Registrar or any Paying Agent shall be bound by
any notice to the contrary.

         Section  3.08.  Access  to  List  of   Certificateholders'   Names  and
Addresses.  The Certificate  Registrar shall furnish or cause to be furnished to
the  Depositor  or the  Owner  Trustee,  within  15 days  after  receipt  by the
Certificate  Registrar of a written  request  therefor from the Depositor or the
Owner Trustee,  a list, in such form as the Depositor or the Owner  Trustee,  as
the case may be,  may  reasonably  require,  of the names and  addresses  of the
Certificateholders  as of the most recent Record Date. Each Holder, by receiving
and holding a Certificate, shall be deemed to have agreed not to hold any of the
Trust, the Depositor, the Holder of the Designated Certificate,  the Certificate
Registrar or the Owner Trustee  accountable  by reason of the  disclosure of its
name and  address,  regardless  of the source  from which such  information  was
derived.


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<PAGE>



         Section  3.09.  Maintenance  of Office or Agency.  The Owner Trustee on
behalf of the Trust,  shall  maintain  in the City of New York,  The City of New
York,  an office or  offices or agency or  agencies  where  Certificates  may be
surrendered  for  registration  of transfer or  exchange  and where  notices and
demands to or upon the Owner  Trustee in  respect  of the  Certificates  and the
Basic  Documents  may be served.  The Owner  Trustee  initially  designates  the
Corporate Trust Office of the Indenture Trustee as its office for such purposes.
The Owner Trustee shall give prompt written notice to the Depositor,  the Holder
of the Designated  Certificate and the  Certificateholders  of any change in the
location of the Certificate Register or any such office or agency.

         Section 3.10.  Certificate  Paying Agent.  (a) The  Certificate  Paying
Agent  shall  make  distributions  to  Certificateholders  from the  Certificate
Distribution Account on behalf of the Trust in accordance with the provisions of
the  Certificates  and  Section  5.01  hereof  from  payments  remitted  to  the
Certificate  Paying Agent by the Indenture  Trustee  pursuant to Section 3.05 of
the Indenture.  The Trust hereby  appoints the Indenture  Trustee as Certificate
Paying Agent and the  Indenture  Trustee  hereby  accepts such  appointment  and
further agrees that it will be bound by the  provisions of this Trust  Agreement
relating to the Certificate Paying Agent and shall:

                         (i) hold all sums held by it for the payment of amounts
         due with  respect to the  Certificates  in trust for the benefit of the
         Persons  entitled thereto until such sums shall be paid to such Persons
         or otherwise disposed of as herein provided;

                        (ii) give the Owner Trustee notice of any default by the
         Trust of which it has actual  knowledge  in the  making of any  payment
         required to be made with respect to the Certificates;

                       (iii)  at any time  during  the  continuance  of any such
         default, upon the written request of the Owner Trustee forthwith pay to
         the Owner  Trustee  on behalf of the Trust all sums so held in Trust by
         such Certificate Paying Agent;

                        (iv) immediately  resign as Certificate Paying Agent and
         forthwith pay to the Owner Trustee on behalf of the Trust all sums held
         by it in trust for the payment of Certificates if at any time it ceases
         to meet the  standards  required  to be met by the  Certificate  Paying
         Agent at the time of its appointment;

                         (v)  comply  with all  requirements  of the  Code  with
         respect  to  the  withholding  from  any  payments  made  by it on  any
         Certificates  of any applicable  withholding  taxes imposed thereon and
         with respect to any  applicable  reporting  requirements  in connection
         therewith; and

                        (vi)  deliver to the Owner  Trustee a copy of the report
         to Certificateholders prepared with respect to each Payment Date by the
         Master Servicer pursuant to Section 4.01 of the Servicing Agreement.

         (b) On the second LIBOR  Business  Day  immediately  preceding  (i) the
Closing Date in the case of the first Interest  Period and (ii) the first day of
each succeeding Interest Period,

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<PAGE>



the Certificate  Paying Agent shall determine LIBOR and the Certificate Rate for
such Interest  Period and shall inform the Master  Servicer and the Depositor at
their  respective  facsimile  numbers given to the  Certificate  Paying Agent in
writing thereof.

         (c) The Trust may revoke such power and remove the  Certificate  Paying
Agent  if  the  Owner  Trustee  determines  in  its  sole  discretion  that  the
Certificate Paying Agent shall have failed to perform its obligations under this
Trust  Agreement  in any  material  respect.  The  Indenture  Trustee  shall  be
permitted to resign as  Certificate  Paying Agent upon 30 days written notice to
the Owner  Trustee;  provided the Indenture  Trustee is also resigning as Paying
Agent under the Indenture at such time. In the event that the Indenture  Trustee
shall no longer be the  Certificate  Paying Agent under this Trust Agreement and
Paying Agent under the Indenture, the Owner Trustee shall appoint a successor to
act as  Certificate  Paying Agent  (which shall be a bank or trust  company) and
which shall also be the successor  Paying Agent under the  Indenture.  The Owner
Trustee shall cause such  successor  Certificate  Paying Agent or any additional
Certificate  Paying Agent  appointed by the Owner Trustee to execute and deliver
to the Owner  Trustee an instrument to the effect set forth in this Section 3.10
as it relates to the  Certificate  Paying Agent.  The  Certificate  Paying Agent
shall return all unclaimed  funds to the Trust and upon removal of a Certificate
Paying  Agent such  Certificate  Paying Agent shall also return all funds in its
possession to the Trust.  The provisions of Sections 6.01,  6.03,  6.04 and 7.01
shall  apply to the  Certificate  Paying  Agent to the  extent  applicable.  Any
reference in this  Agreement to the  Certificate  Paying Agent shall include any
co-paying agent unless the context requires otherwise.

         (d) The  Certificate  Paying Agent shall  establish  and maintain  with
itself the  Certificate  Distribution  Account in which the  Certificate  Paying
Agent  shall  deposit,  on the same  day as it is  received  from the  Indenture
Trustee,  each remittance  received by the Certificate Paying Agent with respect
to payments made pursuant to the Indenture.  The Certificate  Paying Agent shall
make  all  distributions  of  Certificate   Distribution  Amounts,   Certificate
Preferred Return and any Interest Shortfalls on the Certificates, from moneys on
deposit in the Certificate Distribution Account.

         Section  3.11.  Ownership  by MATI.  (a) MATI shall on the Closing Date
purchase a Certificate  representing  approximately  1% of the Initial  Security
Balance of the Initial  Certificates  and shall take  delivery  of the  Variable
Funding  Certificate  referred  to in the second  sentence  of  Section  3.03(b)
(collectively,  the  "Designated  Certificates")  and  shall  thereafter  retain
beneficial  and  record  ownership  of the  Designated  Certificates.  The Owner
Trustee  shall cause the  Designated  Certificates  to contain a legend  stating
"THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT UPON SATISFACTION OF THE CONDITIONS
IN SECTION 3.11(b) OF THE TRUST AGREEMENT."

         (b) The  Designated  Certificates  shall,  for income and franchise tax
purposes,  be  treated  as the  general  partnership  interest  of the  Trust in
accordance with Sections 2.06 and 2.07. The Designated Certificates shall not be
transferred by MATI or any subsequent  Holder unless (a) the transferee shall be
either (1) an Affiliate of the Seller, or (2) a "qualified  institutional buyer"
under Rule 144A under the Securities Act in which case the prior written consent
of the Credit Enhancer is obtained, which will not be unreasonably withheld, (b)
the  applicable  provisions of Section 3.05 are satisfied,  (c) the  Certificate
Registrar receives an

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Opinion  of  Counsel  to  the  effect  that  the  transfer  of  the   Designated
Certificates  shall not cause the Trust to be subject to an entity level tax and
(d) the Rating Agencies shall consent to such transfer.

         Section  3.12.  Subrogation  and  Cooperation.  (a) The  Owner  Trustee
acknowledges that (i) to the extent the Credit Enhancer makes payments under the
Credit  Enhancement  Instrument  on account of  principal  of or interest on the
Class A Ownership Interest,  the Credit Enhancer will be fully subrogated to the
rights of the holder of the Class A Ownership Interest to receive such principal
and interest from the 1996-HS3 LLC, and (ii) the Credit  Enhancer  shall be paid
such principal and interest but only from the sources and in the manner provided
herein,  in the  Operating  Agreement  and in the  Insurance  Agreement  for the
payment of such principal and interest.

         The Trustee shall cooperate in all respects with any reasonable request
by the Credit  Enhancer for action to preserve or enforce the Credit  Enhancer's
rights or  interest  under  this Trust  Agreement  or the  Insurance  Agreement,
consistent  with this Trust  Agreement  and without  limiting  the rights of the
Certificateholders as otherwise set forth in the Trust Agreement.

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                                   ARTICLE IV

                      Authority and Duties of Owner Trustee

         Section 4.01.  General  Authority.  The Owner Trustee is authorized and
directed to execute and deliver the Basic  Documents to which the Trust is to be
a party and each  certificate  or other  document  attached  as an exhibit to or
contemplated  by the Basic Documents to which the Trust is to be a party and any
amendment or other agreement or instrument  described  herein,  in each case, in
such form as the Owner Trustee shall approve,  as evidenced  conclusively by the
Owner  Trustee's  execution  thereof.  In addition to the  foregoing,  the Owner
Trustee is obligated to take all actions  required of the Trust  pursuant to the
Basic Documents.

         Section 4.02. General Duties. The Owner Trustee shall be responsible to
administer the Trust pursuant to the terms of this Trust Agreement and the Basic
Documents   to  which  the  Trust  is  a  party  and  in  the  interest  of  the
Certificateholders,  subject to the Basic  Documents and in accordance  with the
provisions  of this Trust  Agreement.  In the event of any  request  made to the
Issuer, as the Class A Ownership Interest Holder, for consent to any transfer of
any interest in any portion of the Class B Ownership Interest, the Owner Trustee
shall  respond  to such  request in its  discretion  on behalf of the Issuer and
shall not be required to consult with the  Certificateholders  or the  Indenture
Trustee.

               Section  4.03.  Action  upon  Instruction.  (a)  Subject  to this
          Article IV and in  accordance  with the terms of the Basic  Documents,
          the  Certificateholders  may by written  instruction  direct the Owner
          Trustee  in  the  management  of  the  Trust.  Such  direction  may be
          exercised at any time by written instruction of the Certificateholders
          pursuant to this Article IV.
         (b)  Notwithstanding  the  foregoing,  the Owner  Trustee  shall not be
required to take any action  hereunder or under any Basic  Document if the Owner
Trustee shall have reasonably determined, or shall have been advised by counsel,
that such  action is  likely  to  result in  liability  on the part of the Owner
Trustee  or is  contrary  to the terms  hereof or of any  Basic  Document  or is
otherwise contrary to law.

         (c) Whenever the Owner Trustee is unable to decide between  alternative
courses of action  permitted or required by the terms of this Trust Agreement or
under any Basic Document, or in the event that the Owner Trustee is unsure as to
the  application of any provision of this Trust  Agreement or any Basic Document
or any such provision is ambiguous as to its  application,  or is, or appears to
be, in conflict with any other applicable  provision,  or in the event that this
Trust Agreement  permits any  determination by the Owner Trustee or is silent or
is  incomplete  as to the course of action that the Owner Trustee is required to
take with respect to a particular set of facts, the Owner Trustee shall promptly
give notice (in such form as shall be appropriate  under the  circumstances)  to
the  Certificateholders   (with  a  copy  to  the  Credit  Enhancer)  requesting
instruction  as to the  course of action to be  adopted,  and to the  extent the
Owner  Trustee acts in good faith in  accordance  with any written  instructions
received from Holders of  Certificates  representing  a majority of the Security
Balance thereof, the Owner Trustee shall not be liable on account of such action
to any  Person.  If the  Owner  Trustee  shall  not  have  received  appropriate
instruction within 10 days of such notice (or within such shorter period of time
as reasonably may be specified in such notice or may be necessary under the

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circumstances)  it may,  but  shall be under no duty to,  take or  refrain  from
taking  such  action not  inconsistent  with this Trust  Agreement  or the Basic
Documents,   as  it   shall   deem  to  be  in  the   best   interests   of  the
Certificateholders,  and the Owner Trustee shall have no liability to any Person
for such action or inaction.

         Section 4.04. No Duties Except as Specified under  Specified  Documents
or in  Instructions.  The Owner Trustee shall not have any duty or obligation to
manage, make any payment with respect to, register, record, sell, dispose of, or
otherwise deal with the Owner Trust Estate, or to otherwise take or refrain from
taking any action under, or in connection with, any document contemplated hereby
to which the Owner  Trustee  is a party,  except as  expressly  provided  (i) in
accordance with the powers granted to and the authority conferred upon the Owner
Trustee  pursuant to this Trust  Agreement,  (ii) in  accordance  with the Basic
Documents and (iii) in accordance with any document or instruction  delivered to
the Owner Trustee pursuant to Section 4.03; and no implied duties or obligations
shall be read into this Trust Agreement or any Basic Document  against the Owner
Trustee. The Owner Trustee shall have no responsibility for filing any financing
or  continuation  statement  in any  public  office at any time or to  otherwise
perfect or maintain the  perfection of any security  interest or lien granted to
it hereunder or to prepare or file any Securities and Exchange Commission filing
for the Trust or to record this Trust Agreement or any Basic Document. The Owner
Trustee nevertheless agrees that it will, at its own cost and expense,  promptly
take all action as may be necessary  to  discharge  any liens on any part of the
Owner Trust  Estate that result from  actions by, or claims  against,  the Owner
Trustee that are not related to the ownership or the administration of the Owner
Trust Estate.

         Section  4.05.  Restrictions.  (a) The Owner Trustee shall not take any
action  (x) that is  inconsistent  with the  purposes  of the Trust set forth in
Section 2.03 or (y) that, to the actual  knowledge of the Owner  Trustee,  would
result in the Trust  becoming  taxable as a corporation  for federal  income tax
purposes.  The  Certificateholders  shall not direct  the Owner  Trustee to take
action that would violate the provisions of this Section 4.05.

         (b) The Owner  Trustee  shall not convey or transfer any of the Trust's
properties  or assets,  including  those  included in the Trust  Estate,  to any
person  unless  (a) it shall have  received  an Opinion of Counsel to the effect
that such  transaction will not have any material adverse tax consequence to the
Trust or any  Certificateholder  and (b) such  conveyance or transfer  shall not
violate the provisions of Section 3.16(b) of the Indenture.

         Section  4.06.  Prior  Notice  to  Certificateholders  and  the  Credit
Enhancer with Respect to Certain Matters. With respect to the following matters,
the Owner  Trustee  shall not take  action  unless at least 30 days  before  the
taking  of  such   action,   the  Owner   Trustee   shall  have   notified   the
Certificateholders and the Credit Enhancer in writing of the proposed action and
Holders of Certificates  representing a majority of the Security Balance thereof
and the Credit  Enhancer  shall not have  notified the Owner  Trustee in writing
prior to the 30th day after such  notice is given  that such  Certificateholders
have withheld consent or provided alternative direction:

         (a) the  initiation of any claim or lawsuit by the Trust (except claims
or lawsuits brought in connection with the collection of cash  distributions due
and owing  under the  Class A  Ownership  Interest)  and the  compromise  of any
action, claim or lawsuit brought by or against

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<PAGE>



the Trust  (except  with  respect to the  aforementioned  claims or lawsuits for
collection  of cash  distributions  due and owing  under  the Class A  Ownership
Interest);

               (b)  the  election  by the  Trust  to file  an  amendment  to the
          Certificate  of Trust  (unless such  amendment is required to be filed
          under the Business Trust Statute);
               (c) the amendment of the Indenture by a supplemental indenture in
          circumstances where the consent of any Noteholder is required;
               (d) the amendment of the Indenture by a supplemental indenture in
          circumstances  where the consent of any Noteholder is not required and
          such  amendment  materially  adversely  affects  the  interest  of the
          Certificateholders;

         (e) the  appointment  pursuant to the  Indenture  of a  successor  Note
Registrar, Paying Agent or Indenture Trustee or pursuant to this Trust Agreement
of a successor  Certificate Registrar or Certificate Paying Agent or the consent
to the  assignment  by the Note  Registrar,  Paying  Agent,  Indenture  Trustee,
Certificate  Registrar or Certificate  Paying Agent of its obligations under the
Indenture or this Trust Agreement, as applicable.

         Section  4.07.  Action by  Certificateholders  with  Respect to Certain
Matters.  The Owner Trustee shall not have the power,  except upon the direction
of  Certificateholders  evidencing  not less than a majority of the  outstanding
Security  Balance  of the  Certificates,  and with  the  consent  of the  Credit
Enhancer,  to (a) remove  the  Master  Servicer  under the  Servicing  Agreement
pursuant to Sections  7.01 and 8.05 thereof or (b) except as expressly  provided
in  the  Basic  Documents,  sell  the  Class  A  Ownership  Interest  after  the
termination of the Indenture.  The Owner Trustee shall take the actions referred
to  in  the  preceding  sentence  only  upon  written   instructions  signed  by
Certificateholders  evidencing  not  less  than a  majority  of the  outstanding
Security  Balance  of the  Certificates  and  with  the  consent  of the  Credit
Enhancer.

         Section 4.08. Action by Certificateholders  with Respect to Bankruptcy.
The Owner Trustee shall not have the power to commence a voluntary proceeding in
bankruptcy  relating to the Trust  without the unanimous  prior  approval of all
Certificateholders  and with the consent of the Credit Enhancer and the delivery
to the Owner Trustee by each such  Certificateholder of a certificate certifying
that such Certificateholder reasonably believes that the Trust is insolvent.

         Section  4.09.   Restrictions   on   Certificateholders'   Power.   The
Certificateholders shall not direct the Owner Trustee to take or to refrain from
taking any action if such action or inaction would be contrary to any obligation
of the Trust or the Owner Trustee under this Trust Agreement or any of the Basic
Documents or would be contrary to Section  2.03,  nor shall the Owner Trustee be
obligated to follow any such direction, if given.

         Section 4.10.  Majority Control.  Except as expressly  provided herein,
any  action  that  may be  taken  by the  Certificateholders  under  this  Trust
Agreement  may be taken by the  Certificateholders  evidencing  not less  than a
majority of the  outstanding  Security  Balance of the  Certificates.  Except as
expressly  provided  herein,  any  written  notice  of  the   Certificateholders
delivered  pursuant  to this Trust  Agreement  shall be  effective  if signed by
Certificateholders

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evidencing not less than a majority of the outstanding  Security  Balance of the
Certificates at the time of the delivery of such notice.

         Section 4.11.  Doing Business in Other  Jurisdictions.  Notwithstanding
anything contained herein to the contrary,  neither Wilmington Trust Company nor
the Owner Trustee shall be required to take any action in any jurisdiction other
than in the State of Delaware if the taking of such action will,  even after the
appointment of a co-trustee or separate  trustee in accordance with Section 9.05
hereof,  (i) require the consent or approval or authorization or order of or the
giving of notice to, or the registration  with or the taking of any other action
in  respect  of,  any  state or other  governmental  authority  or agency of any
jurisdiction  other than the State of  Delaware;  (ii) result in any fee, tax or
other  governmental  charge  under  the laws of the State of  Delaware  becoming
payable by Wilmington Trust Company,  or (iii) subject  Wilmington Trust Company
to personal  jurisdiction in any  jurisdiction  other than the State of Delaware
for causes of action  arising  from acts  unrelated to the  consummation  of the
transactions by Wilmington  Trust Company or the Owner Trustee,  as the case may
be, contemplated hereby.

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<PAGE>



                                    ARTICLE V

                           Application of Trust Funds

         Section 5.01. Distributions.  (a) On each Payment Date, the Certificate
Paying Agent shall distribute to the  Certificateholders all funds on deposit in
the  Certificate  Distribution  Account and  available  therefor (as provided in
Section 3.05 of the Indenture),  as the  Certificate  Distribution  Amount,  the
Certificate  Preferred Return and any Interest Shortfalls for such Payment Date.
All  distributions  made  pursuant to this  Section  shall be made on a pro rata
basis to the Certificateholders based on the Security Balances thereof; provided
however  that any  amount on  deposit in the  Certificate  Distribution  Account
relating  to a payment  to the  Certificate  Paying  Agent  pursuant  to Section
3.05(a)(x) of the  Indenture  shall be  distributed  solely to the Holder of the
Designated Certificate.

         (b)  In  the  event  that  any   withholding  tax  is  imposed  on  the
distributions (or allocations of income) to a Certificateholder,  such tax shall
reduce the amount otherwise distributable to the Certificateholder in accordance
with this Section 5.01. The  Certificate  Paying Agent is hereby  authorized and
directed to retain or cause to be retained from amounts otherwise  distributable
to the  Certificateholders  sufficient  funds for the payment of any tax that is
legally  owed by the Trust (but such  authorization  shall not prevent the Owner
Trustee from contesting any such tax in appropriate proceedings, and withholding
payment  of  such  tax,  if  permitted  by  law,  pending  the  outcome  of such
proceedings).  The  amount of any  withholding  tax  imposed  with  respect to a
Certificateholder shall be treated as cash distributed to such Certificateholder
at the time it is withheld by the  Certificate  Paying Agent and remitted to the
appropriate taxing authority.  If there is a possibility that withholding tax is
payable with respect to a  distribution  (such as a  distribution  to a non-U.S.
Certificateholder),  the  Certificate  Paying  Agent may in its sole  discretion
withhold such amounts in accordance with this paragraph (b).

         (c)  All  calculations  of  the  Certificate  Preferred  Return  on the
Certificates  shall be made on the  basis  of the  actual  number  of days in an
Interest Period and a year assumed to consist of 360 days.

               (d) Distributions to Certificateholders  shall be subordinated to
          the creditors of the Trust, including the Noteholders.
         Section  5.02.   Method  of  Payment.   Subject  to  Section   8.01(c),
distributions  required to be made to  Certificateholders on any Payment Date as
provided in Section  5.01 shall be made to each  Certificateholder  of record on
the preceding Record Date either by, in the case of any Certificateholder owning
Certificates,  other  than  the  Designated  Certificate,  having  denominations
aggregating at least $1,000,000,  wire transfer, in immediately available funds,
to the  account  of such  Holder at a bank or other  entity  having  appropriate
facilities  therefor,  if such  Certificateholder  shall  have  provided  to the
Certificate  Registrar  appropriate written  instructions at least five Business
Days  prior  to  such  Payment  Date  or,  if  not,  by  check  mailed  to  such
Certificateholder  at the address of such Holder  appearing  in the  Certificate
Register.  All  distributions in respect of the Designated  Certificate shall be
made to MATI or its permitted  assignees,  as the case may be, by wire transfer,
in immediately available funds, to the account

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<PAGE>



of such entity at a bank or other entity having appropriate facilities therefor,
as specified in written instructions to the Certificate Paying Agent on or prior
to the first Payment Date.

               Section 5.03.  Signature on Returns. The Owner Trustee shall sign
          on behalf of the Trust the tax returns of the Trust.
         Section 5.04. Statements to  Certificateholders.  On each Payment Date,
the Certificate Paying Agent shall send to each  Certificateholder the statement
or statements  provided to the Owner Trustee and the Certificate Paying Agent by
the Master  Servicer  pursuant to Section 4.01 of the Servicing  Agreement  with
respect to such Payment Date.

         Section  5.05.  Tax  Reporting;   Tax  Elections.  The  Holder  of  the
Designated  Certificate  shall  cause  the  Trust  to file or  cause to be filed
federal and state income tax returns and information statements as a partnership
for each of its  taxable  years.  Within 90 days after the end of each  calendar
year, the Holder of the Designated  Certificate shall cause the Trust to provide
to each  Certificateholder  an Internal  Revenue  Service "K-1" or any successor
schedule  and  supplemental  information,  if  required  by law,  to enable each
Certificateholder  to file its federal and state income tax returns.  The Holder
of the  Designated  Certificate  may from time to time make and revoke  such tax
elections  with  respect to the Trust as it deems  necessary or desirable in its
sole  discretion  to carry out the business of the Trust or the purposes of this
Trust Agreement if permitted by applicable law.  Notwithstanding  the foregoing,
an election  under Section 754 of the Code shall not be made without the written
consent of a majority in interest of the Holders of the Certificates. The Holder
of the Designated Certificate shall serve as tax matters partner for the Trust.

         The Holder of the  Designated  Certificate  and the  Certificateholders
agree by their  purchase of  Certificates  to treat the Issuer as a  partnership
solely for purposes of federal and state income tax, franchise tax and any other
tax measured in whole or in part by income,  with the assets of the  partnership
being the assets held by the Issuer,  the partners of the partnership  being the
Certificateholders (including the Holder of the Designated Certificate), and the
Notes being debt of the partnership.

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<PAGE>



                                   ARTICLE VI

                          Concerning the Owner Trustee

         Section  6.01.  Acceptance  of Trusts  and  Duties.  The Owner  Trustee
accepts the trusts  hereby  created  and agrees to perform its duties  hereunder
with respect to such trusts but only upon the terms of this Trust Agreement. The
Owner Trustee and the Certificate Paying Agent also agree to disburse all moneys
actually  received by it  constituting  part of the Owner Trust  Estate upon the
terms of the Basic Documents and this Trust  Agreement.  The Owner Trustee shall
not be answerable or accountable hereunder or under any Basic Document under any
circumstances,  except (i) for its own  willful  misconduct,  negligence  or bad
faith or negligent  failure to act or (ii) in the case of the  inaccuracy of any
representation or warranty contained in Section 6.03 expressly made by the Owner
Trustee.  In  particular,  but  not by way of  limitation  (and  subject  to the
exceptions set forth in the preceding sentence):

         (a) No provision of this Trust  Agreement or any Basic  Document  shall
require  the  Owner  Trustee  to  expend or risk  funds or  otherwise  incur any
financial  liability in the  performance of any of its rights,  duties or powers
hereunder or under any Basic Document if the Owner Trustee shall have reasonable
grounds for believing that repayment of such funds or adequate indemnity against
such risk or liability is not reasonably assured or provided to it;

               (b) Under no circumstances  shall the Owner Trustee be liable for
          indebtedness evidenced by or arising under any of the Basic Documents,
          including the principal of and interest on the Notes;
         (c) The Owner Trustee shall not be responsible for or in respect of the
validity or sufficiency of this Trust Agreement or for the due execution  hereof
by the Depositor or the Holder of the  Designated  Certificate  or for the form,
character, genuineness, sufficiency, value or validity of any of the Owner Trust
Estate,  or for or in  respect  of the  validity  or  sufficiency  of the  Basic
Documents,   the  Notes,  the  Certificates,   other  than  the  certificate  of
authentication  on the  Certificates,  if executed by the Owner  Trustee and the
Owner  Trustee  shall in no  event  assume  or incur  any  liability,  duty,  or
obligation  to  any  Noteholder  or to  any  Certificateholder,  other  than  as
expressly provided for herein or expressly agreed to in the Basic Documents;

         (d) The execution,  delivery,  authentication  and performance by it of
this Trust Agreement will not require the authorization, consent or approval of,
the giving of notice to, the filing or  registration  with, or the taking of any
other action with respect to, any governmental authority or agency;

         (e) The Owner Trustee shall not be liable for the default or misconduct
of the Holder of the Designated Certificate, the Depositor, Indenture Trustee or
the Master  Servicer under any of the Basic Documents or otherwise and the Owner
Trustee shall have no obligation or liability to perform the  obligations of the
Trust under this Trust  Agreement or the Basic Documents that are required to be
performed by the  Indenture  Trustee under the Indenture or the Seller under the
Revolving Credit Loan Purchase Agreement; and


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<PAGE>



         (f) The Owner  Trustee  shall be under no obligation to exercise any of
the rights or powers vested in it or duties imposed by this Trust Agreement,  or
to institute,  conduct or defend any  litigation  under this Trust  Agreement or
otherwise or in relation to this Trust Agreement or any Basic  Document,  at the
request,  order  or  direction  of any of the  Certificateholders,  unless  such
Certificateholders  have  offered to the Owner  Trustee  security  or  indemnity
satisfactory  to it against  the costs,  expenses  and  liabilities  that may be
incurred by the Owner Trustee therein or thereby. The right of the Owner Trustee
to perform any  discretionary  act enumerated in this Trust  Agreement or in any
Basic Document shall not be construed as a duty, and the Owner Trustee shall not
be answerable for other than its negligence,  bad faith or willful misconduct in
the performance of any such act.

         Section 6.02. Furnishing of Documents.  The Owner Trustee shall furnish
to the  Securityholders  promptly upon receipt of a written  reasonable  request
therefor,  duplicates  or copies of all  reports,  notices,  requests,  demands,
certificates,  financial  statements and any other instruments  furnished to the
Trust under the Basic Documents.

               Section 6.03.  Representations and Warranties.  The Owner Trustee
          hereby  represents and warrants to the  Depositor,  for the benefit of
          the Certificateholders, that:
         (a) It is a banking  corporation duly organized and validly existing in
good  standing  under the laws of the State of  Delaware.  It has all  requisite
corporate  power and authority to execute,  deliver and perform its  obligations
under this Trust Agreement;

         (b) It has  taken all  corporate  action  necessary  to  authorize  the
execution and delivery by it of this Trust  Agreement,  and this Trust Agreement
will be executed and delivered by one of its officers who is duly  authorized to
execute and deliver this Trust Agreement on its behalf;

         (c)  Neither  the  execution  nor  the  delivery  by it of  this  Trust
Agreement,  nor the consummation by it of the transactions  contemplated  hereby
nor compliance by it with any of the terms or provisions  hereof will contravene
any federal or Delaware  law,  governmental  rule or  regulation  governing  the
banking or trust powers of the Owner Trustee or any judgment or order binding on
it, or  constitute  any  default  under its charter  documents  or bylaws or any
indenture, mortgage, contract, agreement or instrument to which it is a party or
by which any of its properties may be bound;

         (d) This Trust  Agreement,  assuming due  authorization,  execution and
delivery by the Owner Trustee and the Depositor,  constitutes a valid, legal and
binding  obligation of the Owner Trustee,  enforceable  against it in accordance
with  the  terms   hereof   subject  to   applicable   bankruptcy,   insolvency,
reorganization,   moratorium  and  other  laws  affecting  the   enforcement  of
creditors' rights generally and to general  principles of equity,  regardless of
whether such enforcement is considered in a proceeding in equity or at law;

         (e) The Owner  Trustee is not in default  with  respect to any order or
decree of any court or any order,  regulation  or demand of any Federal,  state,
municipal or governmental  agency,  which default might have  consequences  that
would  materially  and adversely  affect the  condition  (financial or other) or
operations  of the Owner Trustee or its  properties  or might have  consequences
that would materially adversely affect its performance hereunder; and

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         (f) No  litigation  is pending  or, to the best of the Owner  Trustee's
knowledge,  threatened  against  the Owner  Trustee  which  would  prohibit  its
entering into this Trust  Agreement or  performing  its  obligations  under this
Trust Agreement.

         Section 6.04. Reliance;  Advice of Counsel. (a) The Owner Trustee shall
incur no liability to anyone in acting upon any signature,  instrument,  notice,
resolution,  request,  consent,  order,  certificate,  report, opinion, bond, or
other  document or paper  believed by it to be genuine and  believed by it to be
signed by the proper party or parties.  The Owner Trustee may accept a certified
copy of a resolution  of the board of directors or other  governing  body of any
corporate  party as  conclusive  evidence  that  such  resolution  has been duly
adopted  by such body and that the same is in full force and  effect.  As to any
fact or  matter  the  method  of  determination  of  which  is not  specifically
prescribed  herein,  the Owner  Trustee  may for all  purposes  hereof rely on a
certificate,  signed by the president or any vice  president or by the treasurer
or other  authorized  officers of the relevant  party, as to such fact or matter
and such  certificate  shall constitute full protection to the Owner Trustee for
any action taken or omitted to be taken by it in good faith in reliance thereon.

         (b) In the exercise or administration of the Trust hereunder and in the
performance  of its duties and  obligations  under this Trust  Agreement  or the
Basic  Documents,  the Owner Trustee (i) may act directly or through its agents,
attorneys,  custodians or nominees  (including  persons  acting under a power of
attorney)  pursuant to agreements  entered into with any of them,  and the Owner
Trustee  shall not be liable  for the  conduct  or  misconduct  of such  agents,
attorneys,  custodians or nominees  (including  persons  acting under a power of
attorney)  if  such  persons  have  been  selected  by the  Owner  Trustee  with
reasonable  care,  and (ii) may  consult  with  counsel,  accountants  and other
skilled  persons to be selected with  reasonable  care and employed by it at the
expense of the Trust.  The Owner Trustee shall not be liable for anything  done,
suffered or omitted in good faith by it in accordance  with the written  opinion
or  advice  of any such  counsel,  accountants  or other  such  Persons  and not
contrary to this Trust Agreement or any Basic Document.

         Section 6.05. Not Acting in Individual Capacity.  Except as provided in
this Article VI, in accepting the trusts hereby created Wilmington Trust Company
acts solely as Owner Trustee hereunder and not in its individual  capacity,  and
all  Persons  having  any  claim  against  the  Owner  Trustee  by reason of the
transactions  contemplated  by this Trust  Agreement or any Basic Document shall
look only to the Owner Trust Estate for payment or satisfaction thereof.

         Section  6.06.  Owner  Trustee Not Liable for  Certificates  or Related
Documents. The recitals contained herein and in the Certificates (other than the
signatures  of the  Owner  Trustee  on the  Certificates)  shall be taken as the
statements of the Depositor, and the Owner Trustee assumes no responsibility for
the correctness  thereof.  The Owner Trustee makes no  representations as to the
validity or sufficiency of this Trust Agreement, of any Basic Document or of the
Certificates   (other  than  the   signatures   of  the  Owner  Trustee  on  the
Certificates) or the Notes, or of any Related Documents. The Owner Trustee shall
at no time have any  responsibility or liability with respect to the sufficiency
of the  Owner  Trust  Estate or its  ability  to  generate  the  payments  to be
distributed to Certificateholders  under this Trust Agreement or the Noteholders
under the  Indenture,  including,  the compliance by the Depositor or the Seller
with any  warranty  or  representation  made under any Basic  Document or in any
related document

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or the  accuracy of any such  warranty or  representation,  or any action of the
Certificate  Paying Agent,  the Certificate  Registrar or the Indenture  Trustee
taken in the name of the Owner Trustee.

         Section 6.07.  Owner Trustee May Own  Certificates and Notes. The Owner
Trustee in its  individual or any other capacity may become the owner or pledgee
of  Certificates  or Notes  and may deal with the  Depositor,  the  Seller,  the
Certificate Paying Agent, the Certificate Registrar and the Indenture Trustee in
transactions with the same rights as it would have if it were not Owner Trustee.

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<PAGE>



                                   ARTICLE VII

                          Compensation of Owner Trustee

         Section 7.01.  Owner  Trustee's  Fees and  Expenses.  The Owner Trustee
shall receive as compensation for its services  hereunder such fees as have been
separately  agreed upon before the date hereof,  and the Owner  Trustee shall be
reimbursed for its reasonable  expenses hereunder and under the Basic Documents,
including  the  reasonable  compensation,  expenses  and  disbursements  of such
agents, representatives, experts and counsel as the Owner Trustee may reasonably
employ in  connection  with the exercise and  performance  of its rights and its
duties  hereunder  and under the Basic  Documents  which shall be payable by the
Master Servicer pursuant to Section 3.09 of the Servicing Agreement.

         Section 7.02. Indemnification. The Holder of the Designated Certificate
shall indemnify,  defend and hold harmless the Owner Trustee and its successors,
assigns, agents and servants (collectively,  the "Indemnified Parties") from and
against, any and all liabilities,  obligations,  losses, damages, taxes, claims,
actions and suits, and any and all reasonable costs,  expenses and disbursements
(including reasonable legal fees and expenses) of any kind and nature whatsoever
(collectively,  "Expenses") which may at any time be imposed on, incurred by, or
asserted against the Owner Trustee or any Indemnified  Party in any way relating
to or arising out of this Trust Agreement,  the Basic Documents, the Owner Trust
Estate,  the  administration of the Owner Trust Estate or the action or inaction
of the Owner Trustee hereunder, provided, that:

                         (i) the Holder of the Designated  Certificate shall not
         be liable for or required to  indemnify an  Indemnified  Party from and
         against Expenses arising or resulting from the Owner Trustee's  willful
         misconduct, negligence or bad faith or as a result of any inaccuracy of
         a representation  or warranty  contained in Section 6.03 expressly made
         by the Owner Trustee;

                        (ii) with  respect to any such  claim,  the  Indemnified
         Party shall have given the Holder of the Designated Certificate written
         notice thereof  promptly after the Indemnified  Party shall have actual
         knowledge thereof;

                       (iii) while maintaining control over its own defense, the
         Holder of the Designated Certificate shall consult with the Indemnified
         Party in preparing such defense; and

                        (iv)  notwithstanding  anything in this Agreement to the
         contrary,  the Holder of the Designated Certificate shall not be liable
         for  settlement  of any  claim by an  Indemnified  Party  entered  into
         without the prior consent of the Holder of the  Designated  Certificate
         which consent shall not be unreasonably withheld.

         The indemnities contained in this Section shall survive the resignation
or termination of the Owner Trustee or the termination of this Trust  Agreement.
In the event of any claim,  action or  proceeding  for which  indemnity  will be
sought  pursuant  to this  Section  7.02,  the Owner  Trustee's  choice of legal
counsel,  if other  than the legal  counsel  retained  by the Owner  Trustee  in
connection  with the  execution and delivery of this Trust  Agreement,  shall be
subject to the

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<PAGE>



approval of the Holder of the Designated  Certificate,  which approval shall not
be unreasonably withheld. In addition,  upon written notice to the Owner Trustee
and  with  the  consent  of  the  Owner  Trustee  which  consent  shall  not  be
unreasonably withheld, the Holder of the Designated Certificate has the right to
assume the defense of any claim, action or proceeding against the Owner Trustee.

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<PAGE>



                                  ARTICLE VIII

                         Termination of Trust Agreement

         Section 8.01. Termination of Trust Agreement.  (a) This Trust Agreement
(other  than  this  Article  VIII) and the Trust  shall  terminate  and be of no
further force or effect upon the earliest of (i) the final  distribution  of all
moneys or other  property or proceeds  of the Owner Trust  Estate in  accordance
with the terms of the Indenture and this Trust Agreement,  (ii) the Payment Date
in June 2022, (iii) at the time provided in Section 8.02 or (iv) the purchase by
the Master Servicer of all Revolving Credit Loans pursuant to Section 8.08(a) of
the Servicing  Agreement.  The bankruptcy,  liquidation,  dissolution,  death or
incapacity of any  Certifi-cateholder,  other than the Holder of the  Designated
Certificate  as  described in Section  8.02,  shall not (x) operate to terminate
this Trust Agreement or the Trust or (y) entitle such Certifi-cateholder's legal
representatives  or  heirs  to claim an  accounting  or to take  any  action  or
proceeding  in any court for a partition or winding up of all or any part of the
Trust or the Owner Trust Estate or (z) otherwise affect the rights,  obligations
and liabilities of the parties hereto.

         (b) Except as provided in Section 8.01(a),  none of the Depositor,  the
Holder of the  Designated  Certificate or any other  Certificateholder  shall be
entitled to revoke or terminate the Trust.

         (c) Notice of any termination of the Trust, specifying the Payment Date
upon  which   Certificateholders  shall  surrender  their  Certificates  to  the
Certificate Paying Agent for payment of the final distribution and cancellation,
shall be given by the Certificate  Paying Agent by letter to  Certificateholders
and the Credit Enhancer mailed within five Business Days of receipt of notice of
such  termination  from the Owner Trustee,  stating (i) the Payment Date upon or
with  respect  to which  final  payment of the  Certificates  shall be made upon
presentation  and surrender of the Certificates at the office of the Certificate
Paying Agent therein  designated,  (ii) the amount of any such final payment and
(iii) that the Record Date  otherwise  applicable  to such  Payment  Date is not
applicable,  payments  being made only upon  presentation  and  surrender of the
Certificates at the office of the Certificate  Payment Agent therein  specified.
The Certificate Paying Agent shall give such notice to the Owner Trustee and the
Certificate  Registrar  at the time such notice is given to  Certificateholders.
Upon  presentation  and surrender of the  Certificates,  the Certificate  Paying
Agent shall cause to be distributed to Certificateholders  amounts distributable
on such Payment Date pursuant to Section 5.01.

         In the event  that all of the  Certificateholders  shall not  surrender
their  Certificates for cancellation  within six months after the date specified
in the above mentioned written notice, the Certificate Paying Agent shall give a
second written  notice to the remaining  Certificateholders  to surrender  their
Certificates for cancellation  and receive the final  distribution  with respect
thereto.  Subject to applicable laws with respect to escheat of funds, if within
one year  following the Payment Date on which final payment of the  Certificates
was to have been made pursuant to Section 3.10, all the  Certificates  shall not
have been surrendered for  cancellation,  the Certificate  Paying Agent may take
appropriate steps, or may appoint an agent to take appropriate steps, to contact
the remaining Certificateholders concerning surrender of their Certificates, and
the cost  thereof  shall be paid out of the funds and other  assets  that  shall
remain subject to this

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<PAGE>



Trust  Agreement.  Any funds remaining in the Certificate  Distribution  Account
after exhaustion of such remedies shall be distributed by the Certificate Paying
Agent to the Holder of the Designated Certificate.

         (d) Upon the  winding  up of the Trust and its  termination,  the Owner
Trustee  shall  cause  the  Certificate  of Trust to be  cancelled  by  filing a
certificate of  cancellation  with the Secretary of State in accordance with the
provisions of Section 3810(c) of the Business Trust Statute.

         Section  8.02.  Dissolution  upon  Bankruptcy  of  the  Holder  of  the
Designated  Certificate.  In the event that an Insolvency Event shall occur with
respect to the Holder of the Designated  Certificate,  this Trust  Agreement and
the Trust shall be terminated in accordance with Section 8.01, 90 days after the
date of such Insolvency  Event,  unless,  before the end of such 90- day period,
the Owner Trustee shall have received written instructions from (a) if no Credit
Enhancer Default shall have occurred and be continuing,  Holders of Certificates
(other than the Holder of the Designated Certificate) representing a majority of
the Security Balance of the Certificates  (not including the Security Balance of
the Designated  Certificate),  to the effect that such Holders disapprove of the
termination of the Trust or (b) if a Credit Enhancer Default shall have occurred
and be  continuing,  (i) each of the  Holders of  Certificates  (other  than the
Holder of the Designated  Certificate),  (ii) each of the Holders of Term Notes,
and (iii) each of the Holders of Variable  Funding  Notes (other than Holders of
Variable Funding Notes held by the Seller or an Affiliate of the Seller), to the
effect that such Holders  disapprove of the  termination of the Trust.  Promptly
after the occurrence of any  Insolvency  Event with respect to the Holder of the
Designated  Certificate (A) the Holder of the Designated  Certificate shall give
the Indenture Trustee,  the Credit Enhancer and the Owner Trustee written notice
of such Insolvency  Event, (B) the Owner Trustee shall, upon the receipt of such
written  notice  from the  Holder of the  Designated  Certificate,  give  prompt
written notice to the Certificateholders of the occurrence of such event and (C)
the  Indenture  Trustee  shall give prompt  written  notice of such event to the
Noteholders;  provided,  however,  that any failure to give a notice required by
this sentence  shall not prevent or delay,  in any manner,  a termination of the
Trust  pursuant to the first  sentence of this Section 8.02.  Upon a termination
pursuant to this Section,  the Owner Trustee shall direct the Indenture  Trustee
promptly to sell the assets of the Trust  (other than the Payment  Account) in a
commercially  reasonable manner and on commercially  reasonable terms. Such sale
shall be effected by the Indenture  Trustee by the  liquidation of the assets of
the  1996-HS3  LLC as Manager  thereof and  distribution  thereof as provided in
Section 14.3 of the Operating  Agreement.  The amount of such proceeds allocable
to the Class A Ownership  Interest shall be deposited  into the Payment  Account
for distribution in accordance with Section 5.04(b) of the Indenture.

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<PAGE>



                                   ARTICLE IX

             Successor Owner Trustees and Additional Owner Trustees

         Section 9.01.  Eligibility  Requirements  for Owner Trustee.  The Owner
Trustee shall at all times be a corporation satisfying the provisions of Section
3807(a) of the Business Trust Statute;  authorized to exercise  corporate  trust
powers;  having a  combined  capital  and  surplus of at least  $50,000,000  and
subject to  supervision  or  examination  by federal or state  authorities;  and
having (or having a parent that has) long term debt obligations with a rating of
at least A by  Moody's  and/or  Standard  & Poor's.  If such  corporation  shall
publish  reports  of  condition  at  least  annually  pursuant  to law or to the
requirements of the aforesaid  supervising or examining authority,  then for the
purpose of this Section,  the combined  capital and surplus of such  corporation
shall be deemed to be its combined  capital and surplus as set forth in its most
recent report of condition so  published.  In case at any time the Owner Trustee
shall cease to be eligible in  accordance  with the  provisions  of this Section
9.01,  the Owner  Trustee  shall resign  immediately  in the manner and with the
effect specified in Section 9.02.

         Section 9.02.  Replacement of Owner  Trustee.  The Owner Trustee may at
any time resign and be discharged  from the trusts  hereby  created by giving 30
days prior written notice thereof to the Credit Enhancer and the Depositor. Upon
receiving  such notice of  resignation,  the Indenture  Trustee  shall  promptly
appoint a successor  Owner Trustee with the consent of the Credit Enhancer which
will not be unreasonably withheld, by written instrument, in duplicate, one copy
of which instrument shall be delivered to the resigning Owner Trustee and to the
successor  Owner  Trustee.  If no  successor  Owner  Trustee  shall have been so
appointed and have accepted  appointment within 30 days after the giving of such
notice of  resignation,  the  resigning  Owner Trustee may petition any court of
competent jurisdiction for the appointment of a successor Owner Trustee.

         If at any  time  the  Owner  Trustee  shall  cease  to be  eligible  in
accordance  with the  provisions  of Section 9.01 and shall fail to resign after
written request therefor by the Indenture  Trustee,  or if at any time the Owner
Trustee  shall be  legally  unable  to act,  or shall be  adjudged  bankrupt  or
insolvent,  or a  receiver  of the Owner  Trustee  or of its  property  shall be
appointed,  or any  public  officer  shall  take  charge or control of the Owner
Trustee  or of its  property  or  affairs  for the  purpose  of  rehabilitation,
conservation  or  liquidation,  then the Indenture  Trustee may and shall at the
direction of the Credit  Enhancer  remove the Owner  Trustee.  If the  Indenture
Trustee shall remove the Owner  Trustee  under the authority of the  immediately
preceding  sentence,  the Indenture  Trustee shall promptly  appoint a successor
Owner  Trustee  acceptable  to the Credit  Enhancer  by written  instrument,  in
duplicate, one copy of which instrument shall be delivered to the outgoing Owner
Trustee so removed and one copy to the successor  Owner  Trustee,  and shall pay
all fees owed to the outgoing Owner Trustee.

         Any  resignation  or removal of the Owner Trustee and  appointment of a
successor Owner Trustee  pursuant to any of the provisions of this Section shall
not become  effective  until  acceptance of appointment  by the successor  Owner
Trustee  pursuant to Section 9.03 and payment of all fees and  expenses  owed to
the outgoing Owner Trustee.


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<PAGE>



         Section 9.03.  Successor  Owner  Trustee.  Any successor  Owner Trustee
appointed pursuant to Section 9.02 shall execute, acknowledge and deliver to the
Indenture Trustee and to its predecessor  Owner Trustee an instrument  accepting
such appointment  under this Trust  Agreement,  and thereupon the resignation or
removal of the  predecessor  Owner  Trustee  shall  become  effective,  and such
successor  Owner  Trustee,  without any further act, deed or  conveyance,  shall
become fully vested with all the rights,  powers,  duties and obligations of its
predecessor under this Trust Agreement,  with like effect as if originally named
as Owner Trustee.  The predecessor  Owner Trustee shall upon payment of its fees
and expenses deliver to the successor Owner Trustee all documents and statements
and monies  held by it under this Trust  Agreement;  and the  predecessor  Owner
Trustee shall execute and deliver such  instruments  and do such other things as
may reasonably be required for fully and certainly vesting and confirming in the
successor Owner Trustee all such rights, powers, duties and obligations.

         No successor Owner Trustee shall accept appointment as provided in this
Section 9.03 unless at the time of such  acceptance such successor Owner Trustee
shall be eligible pursuant to Section 9.01.

         Upon acceptance of appointment by a successor Owner Trustee pursuant to
this  Section  9.03,  the  Indenture  Trustee  shall mail notice  thereof to all
Certificateholders,  the  Indenture  Trustee,  the  Noteholders  and the  Rating
Agencies. If the Indenture Trustee shall fail to mail such notice within 10 days
after  acceptance  of such  appointment  by the  successor  Owner  Trustee,  the
successor  Owner  Trustee shall cause such notice to be mailed at the expense of
the Indenture Trustee.

         Section 9.04. Merger or Consolidation of Owner Trustee. Any Person into
which the Owner  Trustee  may be merged  or  converted  or with  which it may be
consolidated,   or  any  Person   resulting  from  any  merger,   conversion  or
consolidation  to which  the  Owner  Trustee  shall be a  party,  or any  Person
succeeding to all or  substantially  all of the corporate  trust business of the
Owner Trustee,  shall be the successor of the Owner Trustee  hereunder,  without
the execution or filing of any  instrument or any further act on the part of any
of  the  parties  hereto,  anything  herein  to  the  contrary  notwithstanding;
provided,  that such  Person  shall be eligible  pursuant  to Section  9.01 and,
provided,  further,  that the Owner  Trustee shall mail notice of such merger or
consolidation to the Rating Agencies.

         Section  9.05.   Appointment   of   Co-Trustee  or  Separate   Trustee.
Notwithstanding  any other provisions of this Trust Agreement,  at any time, for
the purpose of meeting any legal  requirements of any  jurisdiction in which any
part of the Owner  Trust  Estate may at the time be located,  the Owner  Trustee
shall have the power and shall  execute and deliver all  instruments  to appoint
one or more Persons to act as co-trustee,  jointly with the Owner Trustee, or as
separate trustee or trustees,  of all or any part of the Owner Trust Estate, and
to vest in such Person,  in such  capacity,  such title to the Trust or any part
thereof  and,  subject to the other  provisions  of this  Section,  such powers,
duties,  obligations,  rights  and  trusts as the  Owner  Trustee  may  consider
necessary or  desirable.  No  co-trustee  or separate  trustee  under this Trust
Agreement  shall be  required  to meet the terms of  eligibility  as a successor
Owner Trustee  pursuant to Section 9.01 and no notice of the  appointment of any
co-trustee or separate trustee shall be required pursuant to Section 9.03.


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<PAGE>



         Each separate trustee and co-trustee  shall, to the extent permitted by
law, be appointed and act subject to the following provisions and conditions:

         (a) All rights,  powers,  duties and  obligations  conferred or imposed
upon the Owner Trustee shall be conferred upon and exercised or performed by the
Owner  Trustee  and such  separate  trustee  or  co-trustee  jointly  (it  being
understood  that such separate  trustee or  co-trustee is not  authorized to act
separately  without the Owner Trustee joining in such act), except to the extent
that under any law of any  jurisdiction  in which any particular act or acts are
to be performed,  the Owner  Trustee  shall be  incompetent  or  unqualified  to
perform  such act or acts,  in which  event  such  rights,  powers,  duties  and
obligations  (including  the holding of title to the Owner  Trust  Estate or any
portion  thereof in any such  jurisdiction)  shall be  exercised  and  performed
singly by such separate  trustee or  co-trustee,  but solely at the direction of
the Owner Trustee;

         (b) No trustee under this Trust Agreement shall be personally liable by
reason of any act or omission of any other trustee  under this Trust  Agreement;
and

               (c) The Owner Trustee may at any time accept the  resignation  of
          or remove any separate trustee or co-trustee.
         Any notice,  request or other  writing given to the Owner Trustee shall
be  deemed  to have  been  given  to  each of the  then  separate  trustees  and
co-trustees,  as  effectively  as if  given to each of  them.  Every  instrument
appointing  any  separate  trustee  or  co-trustee  shall  refer  to this  Trust
Agreement  and the  conditions  of  this  Article.  Each  separate  trustee  and
co-trustee,  upon its acceptance of the trusts  conferred,  shall be vested with
the estates or property  specified  in its  instrument  of  appointment,  either
jointly  with the Owner  Trustee  or  separately,  as may be  provided  therein,
subject to all the provisions of this Trust  Agreement,  specifically  including
every  provision of this Trust Agreement  relating to the conduct of,  affecting
the  liability  of, or affording  protection  to, the Owner  Trustee.  Each such
instrument shall be filed with the Owner Trustee.

         Any separate  trustee or  co-trustee  may at any time appoint the Owner
Trustee as its agent or attorney-in-fact  with full power and authority,  to the
extent not  prohibited  by law, to do any lawful act under or in respect of this
Trust  Agreement  on its  behalf  and in its name.  If any  separate  trustee or
co-trustee shall die, become incapable of acting,  resign or be removed,  all of
its  estates,  properties,  rights,  remedies  and  trusts  shall vest in and be
exercised by the Owner  Trustee,  to the extent  permitted  by law,  without the
appointment of a new or successor co-trustee or separate trustee.

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<PAGE>



                                    ARTICLE X

                                  Miscellaneous

         Section 10.01. Amendments. (a) This Trust Agreement may be amended from
time to time by the parties hereto as specified in this Section 10.01,  provided
that any amendment, except as provided in subparagraph (e) below, be accompanied
by an Opinion of Counsel, to the Owner Trustee to the effect that such amendment
(i)  complies  with the  provisions  of this Section and (ii) will not cause the
Trust to be subject to an entity level tax.

         (b) If the purpose of the amendment (as detailed therein) is to correct
any mistake,  eliminate any  inconsistency,  cure any ambiguity or deal with any
matter not covered (i.e. to give effect to the intent of the parties),  it shall
not be  necessary to obtain the consent of any  Holders,  but the Owner  Trustee
shall be furnished with (A) a letter from the Rating Agencies that the amendment
will not result in the  downgrading or withdrawal of the rating then assigned to
any Security if determined without regard to the Credit  Enhancement  Instrument
and (B) an Opinion of Counsel to the effect that such action will not  adversely
affect in any material respect the interests of any Holders,  and the consent of
the Credit Enhancer shall be obtained.

         (c) If the purpose of the amendment is to prevent the imposition of any
federal  or state  taxes at any time  that any  Security  is  outstanding  (i.e.
technical  in nature),  it shall not be  necessary  to obtain the consent of any
Holder, but the Owner Trustee shall be furnished with an Opinion of Counsel that
such  amendment is necessary or helpful to prevent the  imposition of such taxes
and is not  materially  adverse  to any  Holder  and the  consent  of the Credit
Enhancer shall be obtained.

         (d) If the purpose of the  amendment  is to add or  eliminate or change
any provision of the Trust  Agreement  other than as contemplated in (b) and (c)
above, the amendment shall require (A) the consent of the Credit Enhancer and an
Opinion of Counsel to the effect that such action will not  adversely  affect in
any  material  respect the  interests of any Holders and (B) either (a) a letter
from the Rating Agency that the amendment will not result in the  downgrading or
withdrawal  of the rating then  assigned to any security if  determined  without
regard to the Credit  Enhancement  Instrument  or (b) the  consent of Holders of
Certificates  evidencing a majority of the Security  Balance of the Certificates
and the Indenture Trustee;  provided,  however, that no such amendment shall (i)
reduce in any manner the  amount of, or delay the timing of,  payments  received
that are required to be  distributed on any  Certificate  without the consent of
the  related  Certificateholder  and the  Credit  Enhancer,  or (ii)  reduce the
aforesaid  percentage  of  Certificates  the  Holders of which are  required  to
consent to any such  amendment,  without  the consent of the Holders of all such
Certificates then outstanding.

         (e) If the  purpose of the  amendment  is to provide for the holding of
any of the  Certificates  in  book-entry  form,  it shall require the consent of
Holders of all such Certificates then outstanding; provided, that the Opinion of
Counsel specified in subparagraph (a) above shall not be required.

               (f) If the  purpose  of  the  amendment  is to  provide  for  the
          issuance of additional  certificates  representing  an interest in the
          Trust, it shall not be necessary to obtain the consent
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                                                        32

<PAGE>



of any Holder,  but the Owner Trustee shall be furnished  with (A) an Opinion of
Counsel to the effect that such action will not adversely affect in any material
respect the  interests of any Holders and (B) a letter from the Rating  Agencies
that the  amendment  will not result in the  downgrading  or  withdrawal  of the
rating then assigned to any Security, if determined without regard to the Credit
Enhancement Instrument and the consent of the Credit Enhancer shall be obtained.

         (g) Promptly after the execution of any such amendment or consent,  the
Owner  Trustee  shall  furnish  written  notification  of the  substance of such
amendment  or consent to each  Certificateholder,  the  Indenture  Trustee,  the
Credit Enhancer and each of the Rating  Agencies.  It shall not be necessary for
the consent of  Certificateholders  or the  Indenture  Trustee  pursuant to this
Section  10.01 to approve  the  particular  form of any  proposed  amendment  or
consent,  but it shall be sufficient if such consent shall approve the substance
thereof.  The manner of  obtaining  such  consents  (and any other  consents  of
Certificateholders  provided  for in this Trust  Agreement or in any other Basic
Document)  and of  evidencing  the  authorization  of the  execution  thereof by
Certificateholders shall be subject to such reasonable requirements as the Owner
Trustee may prescribe.

         (h) In connection  with the execution of any amendment to any agreement
to which  the  Trust is a party,  other  than this  Trust  Agreement,  the Owner
Trustee  shall be entitled to receive and  conclusively  rely upon an Opinion of
Counsel to the effect that such  amendment  is  authorized  or  permitted by the
documents  subject to such  amendment and that all  conditions  precedent in the
Basic Documents for the execution and delivery thereof by the Trust or the Owner
Trustee, as the case may be, have been satisfied.

         (i) As described in the definition of "Certificate  Rate", upon written
notice from the Depositor to the  Certificate  Registrar on any day on or before
June 30,  1996,  the  Depositor  at its  option  may make an  adjustment  to the
Certificate  Rate. In connection with such adjustment,  this Trust Agreement and
any Certificate may be amended without the consent of any Certificateholder, the
Credit Enhancer or the provision of any Opinion of Counsel.

         Promptly  after the  execution of any amendment to the  Certificate  of
Trust,  the Owner  Trustee  shall  cause the filing of such  amendment  with the
Secretary of State of the State of Delaware.

         Section   10.02.   No  Legal   Title  to  Owner   Trust   Estate.   The
Certificateholders  shall not have  legal  title to any part of the Owner  Trust
Estate. The  Certificateholders  shall be entitled to receive distributions with
respect to their undivided  beneficial  interest therein only in accordance with
Articles V and IX. No transfer, by operation of law or otherwise,  of any right,
title or interest of the  Certificateholders  to and in their ownership interest
in the Owner Trust Estate shall operate to terminate this Trust Agreement or the
trusts  hereunder or entitle any  transferee to an accounting or to the transfer
to it of legal title to any part of the Owner Trust Estate

               Section  10.03.  Limitations  on Rights  of  Others.  Except  for
          Section 2.07,  the  provisions of this Trust  Agreement are solely for
          the benefit of the Owner  Trustee,  the  Depositor,  the Holder of the
          Designated Certificate, the Certificateholders, the Credit Enhancer
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                                                        33

<PAGE>



and, to the extent  expressly  provided  herein,  the Indenture  Trustee and the
Noteholders,  and nothing in this Trust  Agreement  (other than  Section  2.07),
whether  express or implied,  shall be construed to give to any other Person any
legal or equitable right,  remedy or claim in the Owner Trust Estate or under or
in respect of this Trust  Agreement or any  covenants,  conditions or provisions
contained herein.

         Section 10.04.  Notices.  (a) Unless otherwise  expressly  specified or
permitted  by the terms  hereof,  all  notices  shall be in writing and shall be
deemed given upon receipt , if to the Owner Trustee,  addressed to the Corporate
Trust Office;  if to the Depositor,  addressed to Residential  Funding  Mortgage
Securities II, Inc., 8400 Normandale  Lake  Boulevard,  Suite 700,  Minneapolis,
Minnesota  55437;  if to MATI,  addressed to Mortgage  Assets Trading Inc., 8400
Normandale Lake Boulevard,  Suite 700, Minneapolis,  Minnesota 55437, Attention:
CFO; if to the Credit Enhancer,  addressed to AMBAC Indemnity  Corporation,  One
State Street Plaza, 17th Floor, New York, New York 10004, Attention:  Structured
Finance-MBS, if to the Rating Agencies,  addressed to Moody's Investors Service,
Inc.,  99 Church  Street,  4th Floor,  New York,  New York 10001 and  Standard &
Poor's  Ratings  Services,  26 Broadway,  15th Floor,  New York, New York 10004,
Attention:  Structured  Finance  Department - MBS or, as to each party,  at such
other address as shall be  designated by such party in a written  notice to each
other party.

         (b) Any notice required or permitted to be given to a Certificateholder
shall be given by  first-class  mail,  postage  prepaid,  at the address of such
Holder as shown in the  Certificate  Register.  Any notice so mailed  within the
time prescribed in this Trust  Agreement shall be conclusively  presumed to have
been duly given, whether or not the Certificateholder receives such notice.

               (c) A copy of any notice  delivered  to the Owner  Trustee or the
          Trust shall also be delivered to the Depositor.
         Section 10.05. Severability. Any provision of this Trust Agreement that
is  prohibited  or  unenforceable   in  any  jurisdiction   shall,  as  to  such
jurisdiction,   be   ineffective   to  the   extent  of  such   prohibition   or
unenforceability  without  invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

         Section  10.06.  Separate  Counterparts.  This Trust  Agreement  may be
executed by the parties hereto in separate  counterparts,  each of which when so
executed and delivered  shall be an original,  but all such  counterparts  shall
together constitute but one and the same instrument.

         Section 10.07. Successors and Assigns. All representations, warranties,
covenants and  agreements  contained  herein shall be binding upon, and inure to
the benefit of, each of the Depositor,  the Owner Trustee and its successors and
each  Certificateholder  and its successors and permitted assigns, all as herein
provided and the Credit  Enhancer.  Any  request,  notice,  direction,  consent,
waiver  or other  instrument  or action by a  Certificateholder  shall  bind the
successors and assigns of such Certificateholder.


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                                                        34

<PAGE>



         Section 10.08.  No Petition.  The Owner Trustee,  by entering into this
Trust Agreement and each Certificateholder,  by accepting a Certificate,  hereby
covenant  and  agree  that  they  will not at any  time  institute  against  the
Depositor or the Trust, or join in any institution  against the Depositor or the
Trust of, any  bankruptcy  proceedings  under any United States federal or state
bankruptcy  or  similar  law  in  connection   with  any   obligations   to  the
Certificates, the Notes, this Trust Agreement or any of the Basic Documents.

         Section  10.09.  No  Recourse.  Each  Certificateholder  by accepting a
Certificate  acknowledges that such  Certificateholder's  Certificates represent
beneficial  interests  in the Trust only and do not  represent  interests  in or
obligations of the  Depositor,  the Holder of the  Designated  Certificate,  the
Seller, the Owner Trustee, the Indenture Trustee or any Affiliate thereof and no
recourse  may be had  against  such  parties or their  assets,  except as may be
expressly set forth or contemplated in this Trust Agreement, the Certificates or
the Basic Documents.

               Section 10.10. Headings. The headings of the various Articles and
          Sections  herein are for  convenience  of reference only and shall not
          define or limit any of the terms or provisions hereof.

         Section 10.11.  GOVERNING LAW. THIS TRUST  AGREEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE,  WITHOUT  REFERENCE TO ITS
CONFLICT OF LAW  PROVISIONS,  AND THE  OBLIGATIONS,  RIGHTS AND  REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

         Section 10.12. Integration. This Trust Agreement constitutes the entire
agreement  among the parties hereto  pertaining to the subject matter hereof and
supersedes all prior agreements and understanding pertaining thereto.

         Section  10.13.  Rights  of  Credit  Enhancer  To  Exercise  Rights  of
Certificateholders.  By accepting its Certificate, each Certificateholder agrees
that unless a Credit Enhancer Default exists, the Credit Enhancer shall have the
right to  exercise  all rights of the  Certificateholders  under this  Agreement
(other  than the  right to vote to  disapprove  of a  termination  of the  Trust
pursuant to Section 8.02) without any further consent of the Certificateholders.

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                                                        35

<PAGE>



         IN WITNESS  WHEREOF,  the  Depositor  and the Owner Trustee have caused
their names to be signed  hereto by their  respective  officers  thereunto  duly
authorized, all as of the day and year first above written.

                          RESIDENTIAL FUNDING MORTGAGE
                               SECURITIES II, INC.


                                            By:
                                               Name:          Diane Wold
                                               Title:         Vice President


                                            WILMINGTON TRUST COMPANY, not in its
                                            individual  capacity  but  solely as
                                            Owner  Trustee,  except with respect
                                            to    the     representations    and
                                            warranties contained in Section 6.03
                                            hereof,


                                            By:
                                               Name:          Emmett R. Harmon
                                               Title:         Vice President


Acknowledged and Agreed:

The Chase Manhattan Bank
         Indenture Trustee, as Certificate
         Registrar and Certificate
         Paying Agent



By:
   Name:          Regina Bishop
   Title:         Vice President

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                                                        36

<PAGE>



                                    EXHIBIT A

                               FORM OF CERTIFICATE


                  THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO
THE TERM NOTES AND THE VARIABLE FUNDING NOTES AS DESCRIBED IN THE
AGREEMENT (AS DEFINED HEREIN).

                  THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED,  OR THE SECURITIES LAWS OF ANY STATE AND
MAY NOT BE RESOLD OR  TRANSFERRED  UNLESS IT IS REGISTERED  PURSUANT TO SUCH ACT
AND  LAWS OR IS SOLD OR  TRANSFERRED  IN  TRANSACTIONS  WHICH  ARE  EXEMPT  FROM
REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN
ACCORDANCE  WITH THE  PROVISIONS  OF SECTION 3.05 OF THE TRUST  AGREEMENT  ("THE
AGREEMENT").

                  NO  TRANSFER  OF THIS  CERTIFICATE  SHALL BE MADE  UNLESS  THE
CERTIFICATE  REGISTRAR  SHALL HAVE RECEIVED EITHER (i) A  REPRESENTATION  LETTER
FROM THE TRANSFEREE OF THIS  CERTIFICATE  TO THE EFFECT THAT SUCH  TRANSFEREE IS
NOT AN EMPLOYEE BENEFIT PLAN SUBJECT TO THE PROHIBITED TRANSACTION  RESTRICTIONS
AND THE FIDUCIARY RESPONSIBILITY  REQUIREMENTS OF THE EMPLOYEE RETIREMENT INCOME
SECURITY  ACT OF 1974,  AS AMENDED  ("ERISA"),  OR SECTION  4975 OF THE INTERNAL
REVENUE CODE OF 1986 (THE "CODE"), ANY PERSON ACTING, DIRECTLY OR INDIRECTLY, ON
BEHALF  OF ANY SUCH  PLAN OR ANY  PERSON  USING  THE  ASSETS OF ANY SUCH PLAN TO
ACQUIRE  THIS  CERTIFICATE  (COLLECTIVELY  A "PLAN  INVESTOR"),  OR (ii) IF THIS
CERTIFICATE IS PRESENTED FOR  REGISTRATION  IN THE NAME OF A PLAN  INVESTOR,  AN
OPINION OF COUNSEL, OR A CERTIFICATION IN THE FORM OF EXHIBIT G TO THE AGREEMENT
IN LIEU OF SUCH  OPINION OF COUNSEL,  TO THE EFFECT THAT THE PURCHASE OR HOLDING
OF THIS CERTIFICATE IS PERMISSIBLE  UNDER APPLICABLE LAW, WILL NOT CONSTITUTE OR
RESULT IN A PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF
THE CODE (OR COMPARABLE  PROVISIONS OF ANY SUBSEQUENT  ENACTMENTS)  AND WILL NOT
SUBJECT THE COMPANY,  THE OWNER TRUSTEE,  THE MASTER SERVICER OR THE CERTIFICATE
REGISTRAR TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE  UNDERTAKEN IN THE
AGREEMENT.

                  [THIS CERTIFICATE IS NOT TRANSFERABLE EXCEPT UPON
SATISFACTION OF THE CONDITIONS IN SECTION 3.11(b) OF THE TRUST
AGREEMENT.]

                  THE TRANSFEREE OF THIS CERTIFICATE SHALL BE SUBJECT TO
UNITED STATES FEDERAL WITHHOLDING TAX UNLESS THE CERTIFICATE

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<PAGE>



REGISTRAR SHALL HAVE RECEIVED A CERTIFICATE OF NON-FOREIGN STATUS
CERTIFYING AS TO THE TRANSFEREE'S STATUS AS A U.S. PERSON OR
CORPORATION OR PARTNERSHIP UNDER U.S. LAW.

                  THIS   CERTIFICATE  DOES  NOT  REPRESENT  AN  INTEREST  IN  OR
OBLIGATION  OF THE SELLER,  THE  COMPANY,  THE MASTER  SERVICER,  THE  INDENTURE
TRUSTEE, OR THE OWNER TRUSTEE OR ANY OF THEIR RESPECTIVE  AFFILIATES,  EXCEPT AS
EXPRESSLY PROVIDED IN THE AGREEMENT OR THE BASIC DOCUMENTS.

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                                       A-2

<PAGE>



Certificate No. ____             Certificate Preferred Return:

Date of Trust Agreement
and Cut-off Date:
October 1, 1996
                                 [Aggregate initial Security Balance
                                 of the Initial Certificates: $___________

First Payment Date:              Initial Security Balance of
November 20, 1996                this Certificate:  $____________]

                                 [Maximum Undivided Variable Funding
                                 Certificate Balance:  $_____________]

Assumed Final Payment Date:      CUSIP [_____]
June 20, 2022


                       HOME EQUITY LOAN-BACKED CERTIFICATE
                                 SERIES 1996-HS3


         evidencing a fractional  undivided  interest in the Owner Trust Estate,
the property of which  consists  primarily of the Class A Ownership  Interest in
the 1996-HS3 LLC, a special  purpose  limited  liability  company (the "1996-HS3
LLC") created by RESIDENTIAL FUNDING MORTGAGE  SECURITIES II, INC.  (hereinafter
called the  "Company,"  which  term  includes  any  successor  entity  under the
Agreement referred to below).

                  This  Certificate  is  payable  solely  from the assets of the
Owner Trust  Estate,  and does not represent an obligation of or interest in the
Company,  the Seller,  the Master  Servicer,  the Indenture  Trustee,  the Owner
Trustee or GMAC Mortgage  Corporation or any of their  affiliates.  Neither this
Certificate nor the Class A Ownership Interest in the 1996-HS3 LLC is guaranteed
or insured by any governmental agency or instrumentality or by the Company,  the
Seller, the Master Servicer,  the Indenture  Trustee,  the Owner Trustee or GMAC
Mortgage  Corporation  or any of  their  affiliates.  None of the  Company,  the
Seller,  the Master Servicer,  the Indenture  Trustee,  the Owner Trustee,  GMAC
Mortgage  Corporation or any of their  affiliates  will have any obligation with
respect to any  certificate  or other  obligation  secured  by or  payable  from
payments on the Certificates.

                  This certifies  that [name of Holder] is the registered  owner
of the Percentage  Interest evidenced by this Certificate  (obtained by dividing
the [Security  Balance of this  Certificate]  [the principal amount set forth on
Schedule  A  attached   hereto]  by  the  aggregate   Security  Balance  of  all
Certificates,  prior to any Payment Date) in certain  distributions with respect
to the Owner Trust Estate consisting primarily of the Class A Ownership Interest
in the 1996-HS3 LLC, created by Residential Funding Mortgage Securities II, Inc.
The Trust (as defined herein) was created pursuant to a Trust Agreement dated as
specified above (as amended and supplemented from time to time, the "Agreement")
between the Company and Wilmington

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                                       A-3

<PAGE>



Trust Company,  as owner trustee (the "Owner  Trustee,"  which term includes any
successor  entity under the  Agreement),  a summary of certain of the  pertinent
provisions of which is set forth  hereafter.  To the extent not defined  herein,
the capitalized  terms used herein have the meanings  assigned in the Agreement.
This  Certificate  is issued under and is subject to the terms,  provisions  and
conditions of the Agreement,  to which Agreement the Holder of this  Certificate
by virtue of the acceptance hereof assents and by which such Holder is bound.

                  Pursuant to the terms of the Agreement, a distribution will be
made on the 20th day of each month or, if such 20th day is not a  Business  Day,
the Business Day immediately  following (the "Payment Date"),  commencing on the
first Payment Date specified above, to the Person in whose name this Certificate
is  registered  at the close of business on the last day (or if such last day is
not a Business Day, the Business Day immediately preceding such last day) of the
month immediately  preceding the month of such distribution (the "Record Date"),
in an amount equal to the pro rata portion evidenced by this Certificate  (based
on the  Security  Balance  of all  Initial  Certificates  and  Variable  Funding
Certificates  prior to such Payment Date) of the Certificate  Preferred  Return,
Certificate  Distribution Amount and Interest  Shortfall,  if any required to be
distributed to Holders of  Certificates on such Payment Date.  Distributions  on
this  Certificate  will be made as provided in the Agreement by the  Certificate
Paying Agent by wire transfer or check mailed to the Certificateholder of record
in the  Certificate  Register  without the  presentation  or  surrender  of this
Certificate or the making of any notation hereon.

                  Except   as   otherwise   provided   in  the   Agreement   and
notwithstanding  the above,  the final  distribution on this Certificate will be
made after due notice by the  Certificate  Paying  Agent of the pendency of such
distribution and only upon presentation and surrender of this Certificate at the
office or agency maintained by the Certificate Registrar for that purpose in the
City and State of New York. [The initial Security Balance of this Certificate is
set forth above.] [The initial Maximum Variable Funding  Certificate  Balance is
set forth above.] The Security  Balance  hereof will be reduced to the extent of
the distributions allocable to principal.

                  No  transfer  of this  Certificate  will be made  unless  such
transfer is exempt from the  registration  requirements of the Securities Act of
1933,  as  amended,  and  any  applicable  state  securities  laws or is made in
accordance  with said Act and laws.  In the event that such a transfer  is to be
made,  (i) the  Certificate  Registrar  or the Company may require an opinion of
counsel acceptable to and in form and substance  satisfactory to the Certificate
Registrar  and  the  Company  that  such  transfer  is  exempt  (describing  the
applicable  exemption and the basis  therefor) from or is being made pursuant to
the registration  requirements of the Securities Act of 1933, as amended, and of
any  applicable  statute of any state and (ii) the  transferee  shall execute an
investment  letter  in  the  form  described  in the  Agreement  and  (iii)  the
Certificate  Registrar  shall  require the  transferee  to execute an investment
letter and a  Certificate  of  Non-Foreign  Status in the form  described by the
Agreement  (or if a  Certificate  of  Non-Foreign  Status is not  provided,  the
transferee  will be subject to United States  federal  withholding  tax),  which
investment  letter and certificate shall not be at the expense of the Trust, the
Owner  Trustee,  the  Certificate  Registrar or the Company.  The Holder  hereof
desiring to effect such transfer shall,  and does hereby agree to, indemnify the
Trust, the Owner Trustee,  the Company,  the Master Servicer and the Certificate
Registrar against any liability that may result if the transfer is not so exempt
or is not made in  accordance  with such federal and state laws.  In  connection
with any such transfer,  the Certificate Registrar (unless otherwise directed by
the Company) will also

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                                       A-4

<PAGE>



require (i) a representation  letter, in the form as described by the Agreement,
stating that the transferee is not an employee  benefit or other plan subject to
the  prohibited  transaction   restrictions  or  the  fiduciary   responsibility
requirements  of ERISA or Section 4975 of the Code ("Plan"),  any person acting,
directly  or  indirectly,  on behalf of any such  plan or any  person  using the
assets  of any such  plan to  effect  such  acquisition  (collectively,  a "Plan
Investor") or (ii) if such transferee is a Plan Investor,  an opinion of counsel
acceptable to and in form and substance  satisfactory to the Company,  the Owner
Trustee, the Master Servicer and the Certificate  Registrar,  or a certification
in the form of Exhibit G to the  Agreement,  to the effect that the  purchase or
holding  of the  Certificate  is  permissible  under  applicable  law,  will not
constitute or result in a prohibited  transaction  under Section 406 of ERISA or
Section 4975 of the Code (or comparable provisions of any subsequent enactments)
and will not subject the Company,  the Owner Trustee, the Master Servicer or the
Certificate  Registrar  to any  obligation  or  liability  in  addition to those
undertaken in the Agreement.

                  This [Initial  Certificate]  [Variable Funding Certificate] is
one of a duly  authorized  issue  of  Certificates  designated  as  Home  Equity
Loan-Backed  Certificates of the Series  specified  hereon (herein  collectively
called the "Certificates"). All terms used in this Certificate which are defined
in the Agreement shall have the meanings assigned to them in the Agreement.

                  The Certificateholder,  by its acceptance of this Certificate,
agrees  that it will  look  solely to the funds on  deposit  in the  Certificate
Distribution  Account that have been released from the Lien of the Indenture for
payment hereunder and that neither the Owner Trustee in its individual  capacity
nor the Company is personally  liable to the  Certificateholders  for any amount
payable under this Certificate or the Agreement or, except as expressly provided
in the Agreement, subject to any liability under the Agreement.

                  The Holder of this  Certificate  acknowledges  and agrees that
its  rights  to  receive  distributions  in  respect  of  this  Certificate  are
subordinated  to the rights of the  Noteholders  as described in the  Indenture,
dated as of October  1, 1996  between  Home  Equity  Loan  Trust  1996- HS3 (the
"Trust") and The Chase Manhattan Bank, as Indenture Trustee (the "Indenture").

                  Each  Certificateholder,  by its  acceptance of a Certificate,
covenants and agrees that such  Certificateholder will not at any time institute
against the Company, or join in any institution against the Company or the Trust
of, any  bankruptcy,  reorganization,  arrangement,  insolvency  or  liquidation
proceedings,  or other  proceedings  under any  United  States  federal or state
bankruptcy or similar law in  connection  with any  obligations  relating to the
Certificates, the Notes, the Agreement or any of the Basic Documents.

                  The  Agreement  permits  the  amendment  thereof as  specified
below,  provided that any amendment be  accompanied by the consent of the Credit
Enhancer and an Opinion of Counsel to the Owner  Trustee to the effect that such
amendment  complies with the  provisions of the Agreement and will not cause the
Trust to be subject to an entity  level tax. If the purpose of the  amendment is
to correct any mistake, eliminate any inconsistency,  cure any ambiguity or deal
with any matter not covered,  it shall not be necessary to obtain the consent of
any Holder,  but the Owner  Trustee  shall be  furnished  with a letter from the
Rating  Agencies  that the  amendment  will not  result  in the  downgrading  or
withdrawal  of the rating then  assigned to any Security if  determined  without
regard to the Credit Enhancement Instrument and the counsel of the Credit

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                                       A-5

<PAGE>



Enhancer  shall be obtained.  If the purpose of the  amendment is to prevent the
imposition  of any  federal  or state  taxes at any time  that any  Security  is
outstanding,  it shall not be necessary to obtain the consent of the any Holder,
but the Owner  Trustee  shall be furnished  with an Opinion of Counsel that such
amendment is necessary or helpful to prevent the imposition of such taxes and is
not  materially  adverse to any Holder  and the  consent of the Credit  Enhancer
shall be  obtained.  If the purpose of the  amendment  is to add or eliminate or
change any provision of the Agreement,  other than as specified in the preceding
two sentences,  the amendment  shall require either (a) a letter from the Rating
Agencies that the amendment will not result in the  downgrading or withdrawal of
the rating then assigned to any Security,  if determined  without  regard to the
Credit Enhancement  Instrument or (b) the consent of Holders of the Certificates
evidencing a majority of the Percentage  Interests of the  Certificates  and the
Indenture Trustee; provided, however, that no such amendment shall (i) reduce in
any  manner  the amount  of, or delay the time of,  payments  received  that are
required to be distributed on any Certificate without the consent of the related
Certificateholder  and  the  Credit  Enhancer,  or  (ii)  reduce  the  aforesaid
percentage of  Certificates  the Holders of which are required to consent to any
such amendment  without the consent of the Holders of all such Certificates then
outstanding.

                  As   provided  in  the   Agreement   and  subject  to  certain
limitations  therein set forth, the transfer of this Certificate is registerable
in the Certificate  Register upon surrender of this Certificate for registration
of transfer at the offices or agencies of the Certificate  Registrar  maintained
in the City and  State of New  York,  accompanied  by a  written  instrument  of
transfer in form satisfactory to the Certificate  Registrar duly executed by the
Holder  hereof  or such  Holder's  attorney  duly  authorized  in  writing,  and
thereupon one or more new  Certificates of authorized  denominations  evidencing
the  same  Class  and  aggregate  Percentage  Interest  will  be  issued  to the
designated  transferee.  The initial  Certificate  Registrar appointed under the
Agreement is the Owner Trustee.

                  Except as  provided in the  Agreement,  the  Certificates  are
issuable only in minimum  denominations of $250,000 and in integral multiples of
$10,000 in excess  thereof,  except for one  Certificate  which may be an amount
which is not an integral  multiple of $10,000.  As provided in the Agreement and
subject  to  certain   limitations  therein  set  forth,  the  Certificates  are
exchangeable for new Certificates of authorized  denominations,  as requested by
the Holder surrendering the same.

                  No service  charge will be made for any such  registration  of
transfer or exchange,  but the Owner  Trustee or the  Certificate  Registrar may
require  payment of a sum  sufficient  to cover any tax or  governmental  charge
payable in connection therewith.

                  The  Owner  Trustee,   the  Certificate   Paying  Agent,   the
Certificate Registrar and any agent of the Owner Trustee, the Certificate Paying
Agent,  or the  Certificate  Registrar  may treat the  Person in whose name this
Certificate is registered as the owner hereof for all purposes,  and none of the
Owner Trustee,  the Certificate  Paying Agent, the Certificate  Registrar or any
such agent shall be affected by any notice to the contrary.

                  This  Certificate  shall  be  governed  by  and  construed  in
accordance with the laws of the State of New York.


[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       A-6

<PAGE>



                  The  obligations  created by the  Agreement  in respect of the
Certificates  and the Trust created thereby shall terminate upon the earliest of
(i) the final  distribution  of all moneys or other  property or proceeds of the
Owner  Trust  Estate  in  accordance  with the  terms of the  Indenture  and the
Agreement,  (ii) the  Payment  Date in June  2022,  or (iii) the  bankruptcy  or
insolvency of the Holder of the Designated  Certificate and the  satisfaction of
other conditions specified in Section 8.02 of the Agreement.

                  Unless the  certificate  of  authentication  hereon shall have
been  executed  by  an  authorized   officer  of  the  Owner   Trustee,   or  an
authenticating agent by manual signature, this Certificate shall not be entitled
to any benefit under the Agreement or be valid for any purpose.

[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       A-7

<PAGE>



                                  [SCHEDULE A]
                                       to
                         HOME EQUITY LOAN TRUST 1996-HS3
              Home Equity Loan-Backed Variable Funding Certificate


===============================================================================
   Date         Percentage Interest    Principal Repaid   Principal Outstanding
                                                                               
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===============================================================================

================================================= 
             Authorized Signature                 
                   of Indenture Trustee           
- ------------------------------------------------- 
                                                  
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================================================= 
                                                  




















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                                       A-8

<PAGE>



                  IN WITNESS WHEREOF,  the Owner Trustee, on behalf of the Trust
and not in its  individual  capacity,  has caused  this  Certificate  to be duly
executed.


                                         HOME EQUITY LOAN
                                         TRUST 1996-HS3

     by    WILMINGTON TRUST COMPANY, not in
           its individual capacity but solely as Owner
           Trustee



Dated: October __, 1996
                                                          Authorized Signatory


                          CERTIFICATE OF AUTHENTICATION

This  is one of  the  [Initial  Certificates]  [Variable  Funding  Certificates]
referred to in the within mentioned Agreement.


WILMINGTON TRUST COMPANY,
not in its individual capacity
but solely as Owner Trustee


By:______________________________
           Authorized Signatory



or __________________________________,
         as Authenticating Agent of the Trust


By:______________________________
           Authorized Signatory

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                                       A-9

<PAGE>



                                   ASSIGNMENT


         FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers
 unto

PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE




(Please print or type name and address, including postal zip code, of assignee)



the within Certificate, and all rights thereunder, hereby irrevocably 
constituting and appointing



to transfer said  Certificate on the books of the  Certificate  Registrar,  with
full power of substitution in the premises.


Dated:

                       ___________________________________________*/
                                    Signature Guaranteed:


                                ____________________________*/


- -----------------

*/ NOTICE:  The signature to this assignment must correspond with the name as it
appears upon the face of the within  Certificate  in every  particular,  without
alteration,   enlargement  or  any  change  whatever.  Such  signature  must  be
guaranteed by a member firm of the New York Stock Exchange or a commercial  bank
or trust company.



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                                      A-10

<PAGE>




                            DISTRIBUTION INSTRUCTIONS


         The assignee  should  include the following for the  information of the
Certificate Paying Agent:

         Distribution shall be made by wire transfer in immediately available 
funds to
- ----------------------------------------------
- -----------------------------------------------------------------
for the account of ________________________________________, account number
______________, or, if mailed by check, to ______________.

         Applicable statements should be mailed to__________________.


                                  ------------------------------
                                  Signature of assignee or agent
                                  (for authorization of wire
                                   transfer only)

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                                      A-11

<PAGE>



                                    EXHIBIT B
                             TO THE TRUST AGREEMENT










                              CERTIFICATE OF TRUST

                                       OF

                         HOME EQUITY LOAN TRUST 1996-HS3



         THE   UNDERSIGNED,   ______________________,   as  owner  trustee  (the
"Trustee"),  for the purpose of forming a business  trust does hereby certify as
follows:

         1.       The name of the business trust is:

                         HOME EQUITY LOAN TRUST 1996-HS3

               2. The name and  business  address of the Trustee of the business
          trust   in  the   State   of   Delaware   is   ______________________,
          _________________, __________, Delaware _____.
         3. The business trust reserves the right to amend,  alter,  change,  or
repeal any provision contained in this Certificate of Trust in the manner now or
hereafter prescribed by law.

         4.       This Certificate of Trust shall be effective upon filing.

         THE UNDERSIGNED,  being the Trustee hereinbefore named, for the purpose
of forming a business trust pursuant to the provisions of the Delaware  Business
Trust Act, does make this  certificate  of trust,  hereby  declaring and further
certifying  that  this  is  its  act  and  deed  and  that  to the  best  of the
undersigned's knowledge and belief the facts herein stated are true.

                                       [NAME OF OWNER TRUSTEE],

                                       not in its individual capacity but
                                       solely as owner trustee under a Trust
                                       Agreement dated as of October 1,
                                       1996


                                       By:
                                       Name:
                                       Title:


[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       B-1

<PAGE>



                                    EXHIBIT C

                  [FORM OF RULE 144A INVESTMENT REPRESENTATION]


                       Description  of Rule  144A  Securities,  including
numbers:
                           ===============================================
                           ===============================================


                  The undersigned  seller,  as registered holder (the "Seller"),
intends to transfer the Rule 144A Securities  described above to the undersigned
buyer (the "Buyer").

                  1. In connection with such transfer and in accordance with the
agreements  pursuant to which the Rule 144A Securities  were issued,  the Seller
hereby  certifies the following  facts:  Neither the Seller nor anyone acting on
its behalf has offered, transferred,  pledged, sold or otherwise disposed of the
Rule 144A  Securities,  any  interest in the Rule 144A  Securities  or any other
similar security to, or solicited any offer to buy or accept a transfer,  pledge
or other disposition of the Rule 144A Securities,  any interest in the Rule 144A
Securities  or any other  similar  security  from,  or otherwise  approached  or
negotiated  with respect to the Rule 144A  Securities,  any interest in the Rule
144A Securities or any other similar security with, any person in any manner, or
made any general  solicitation  by means of general  advertising or in any other
manner,  or taken any other action,  that would constitute a distribution of the
Rule 144A  Securities  under the  Securities  Act of 1933, as amended (the "1933
Act"),  or that  would  render the  disposition  of the Rule 144A  Securities  a
violation of Section 5 of the 1933 Act or require registration pursuant thereto,
and that the Seller has not offered the Rule 144A Securities to any person other
than the Buyer or  another  "qualified  institutional  buyer" as defined in Rule
144A under the 1933 Act.

                  2. The Buyer warrants and  represents to, and covenants  with,
the Owner  Trustee and the  Depositor  (as defined in the Trust  Agreement  (the
"Agreement"),  dated as of _________,  ____ between Residential Funding Mortgage
Securities II, Inc., as Depositor and  ______________________,  as Owner Trustee
pursuant to Section 3.05 of the Agreement and __________________________________
as indenture trustee, as follows:

                           a.  The   Buyer   understands   that  the  Rule  144A
         Securities  have  not  been  registered  under  the  1933  Act  or  the
         securities laws of any state.

                           b.  The  Buyer   considers   itself  a   substantial,
         sophisticated   institutional   investor   having  such  knowledge  and
         experience  in  financial  and  business  matters that it is capable of
         evaluating  the  merits  and  risks  of  investment  in the  Rule  144A
         Securities.

                           c. The Buyer has been furnished with all  information
         regarding  the Rule  144A  Securities  that it has  requested  from the
         Seller,  the  Indenture  Trustee,  the  Owner  Trustee  or  the  Master
         Servicer.

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                                       C-1

<PAGE>




                           d. Neither the Buyer nor anyone  acting on its behalf
         has offered,  transferred,  pledged,  sold or otherwise disposed of the
         Rule 144A  Securities,  any interest in the Rule 144A Securities or any
         other  similar  security to, or solicited  any offer to buy or accept a
         transfer, pledge or other disposition of the Rule 144A Securities,  any
         interest  in the Rule 144A  Securities  or any other  similar  security
         from, or otherwise  approached  or negotiated  with respect to the Rule
         144A Securities,  any interest in the Rule 144A Securities or any other
         similar  security with,  any person in any manner,  or made any general
         solicitation by means of general advertising or in any other manner, or
         taken any other action,  that would  constitute a  distribution  of the
         Rule  144A  Securities  under  the 1933 Act or that  would  render  the
         disposition of the Rule 144A Securities a violation of Section 5 of the
         1933 Act or require registration pursuant thereto, nor will it act, nor
         has it  authorized  or will it  authorize  any  person to act,  in such
         manner with respect to the Rule 144A Securities.

                           e. The Buyer is a "qualified  institutional buyer" as
         that term is defined in Rule 144A under the 1933 Act and has  completed
         either of the forms of  certification to that effect attached hereto as
         Annex 1 or  Annex 2.  The  Buyer is aware  that the sale to it is being
         made in reliance  on Rule 144A.  The Buyer is  acquiring  the Rule 144A
         Securities  for its own  account  or the  accounts  of other  qualified
         institutional buyers, understands that such Rule 144A Securities may be
         resold, pledged or transferred only (i) to a person reasonably believed
         to be a  qualified  institutional  buyer  that  purchases  for  its own
         account or for the account of a qualified  institutional  buyer to whom
         notice is given that the  resale,  pledge or  transfer is being made in
         reliance  on Rule 144A,  or (ii)  pursuant  to another  exemption  from
         registration under the 1933 Act.

                  3.  The Buyer represents that:

         (i)      either (a) or (b) is satisfied, as marked below:

                           ____ a. The Buyer is not any  employee  benefit  plan
         subject to the Employee  Retirement  Income  Security  Act of 1974,  as
         amended ("ERISA"), or the Internal Revenue Code of 1986 (the "Code"), a
         Person acting,  directly or  indirectly,  on behalf of any such plan or
         any Person  acquiring  such  Certificates  with "plan assets" of a Plan
         within the meaning of the Department of Labor regulation promulgated at
         29 C.F.R. ss.2510.3-101; or

                           ____ b. The Buyer will  provide  the  Depositor,  the
         Owner Trustee,  the Certificate  Registrar and the Master Servicer with
         either: (x) an opinion of counsel,  satisfactory to the Depositor,  the
         Owner Trustee,  the Certificate  Registrar and the Master Servicer,  to
         the effect  that the  purchase  and holding of a  Certificate  by or on
         behalf of the  Buyer is  permissible  under  applicable  law,  will not
         constitute or result in a prohibited  transaction  under Section 406 of
         ERISA or  Section  4975 of the Code (or  comparable  provisions  of any
         subsequent  enactments)  and will not subject the Depositor,  the Owner
         Trustee,  the  Certificate  Registrar  or the  Master  Servicer  to any
         obligation or liability  (including  liabilities under ERISA or Section
         4975  of the  Code)  in  addition  to  those  undertaken  in the  Trust
         Agreement,  which  opinion  of  counsel  shall not be an expense of the
         Depositor, the Owner Trustee, the Certificate Registrar or the Master

[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       C-2

<PAGE>



               Servicer;   or  (y)  in  lieu  of  such  opinion  of  counsel,  a
          certification in the form of Exhibit G to the Trust Agreement; and
         (ii) the Buyer is familiar with the prohibited transaction restrictions
         and fiduciary  responsibility  requirements  of Sections 406 and 407 of
         ERISA and  Section  4975 of the Code and  understands  that each of the
         parties  to  which  this  certification  is made is  relying  and  will
         continue to rely on the statements made in this paragraph 3.

                  4. This  document may be executed in one or more  counterparts
and by the different  parties  hereto on separate  counterparts,  each of which,
when  so  executed,  shall  be  deemed  to be an  original;  such  counterparts,
together, shall constitute one and the same document.

                  IN WITNESS  WHEREOF,  each of the  parties has  executed  this
document as of the date set forth below.


Print Name of Seller                        Print Name of Buyer

By:                                                           By:
     Name:                                                    Name:
     Title:                                                   Title:

Taxpayer Identification:                             Taxpayer Identification:

No.                                                           No.

Date:                                                         Date:

[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       C-3

<PAGE>



                              ANNEX 1 TO EXHIBIT C


            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

             [For Buyers Other Than Registered Investment Companies]

               The  undersigned  hereby  certifies as follows in connection with
          the Rule 144A Investment Representation to which this Certification is
          attached:
             1. As indicated  below,  the  undersigned is the  President,  Chief
Financial  Officer,  Senior Vice  President  or other  executive  officer of the
Buyer.

             2. In  connection  with  purchases  by the  Buyer,  the  Buyer is a
"qualified  institutional  buyer" as that term is defined in Rule 144A under the
Securities Act of 1933 ("Rule 144A") because (i) the Buyer owned and/or invested
on a discretionary basis  $______________________1 in securities (except for the
excluded  securities referred to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance with Rule 144A) and (ii)
the Buyer satisfies the criteria in the category marked below.

     ___     Corporation,  etc. The Buyer is a  corporation  (other than a bank,
             savings and loan association or similar institution), Massachusetts
             or similar business trust, partnership,  or charitable organization
             described in Section 501(c)(3) of the Internal Revenue Code.

     ___     Bank.  The  Buyer (a) is a  national  bank or  banking  institution
             organized under the laws of any State, territory or the District of
             Columbia,  the  business  of which  is  substantially  confined  to
             banking  and is  supervised  by the  State or  territorial  banking
             commission  or similar  official or is a foreign bank or equivalent
             institution,  and  (b)  has  an  audited  net  worth  of  at  least
             $25,000,000  as  demonstrated   in  its  latest  annual   financial
             statements, a copy of which is attached hereto.
- --------
1 Buyer must own and/or invest on a discretionary basis at least $100,000,000 in
securities  unless Buyer is a dealer,  and, in that case,  Buyer must own and/or
invest on a discretionary basis at least $10,000,000 in securities.


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                                       C-4

<PAGE>



     ___     Savings and Loan. The Buyer (a) is a savings and loan  association,
             building  and  loan  association,   cooperative   bank,   homestead
             association  or  similar  institution,   which  is  supervised  and
             examined by a State or Federal  authority  having  supervision over
             any such  institutions or is a foreign savings and loan association
             or  equivalent  institution  and (b) has an audited net worth of at
             least  $25,000,000 as demonstrated  in its latest annual  financial
             statements.

               ___ Broker-Dealer.  The Buyer is a dealer registered  pursuant to
          Section 15 of the -------------
             Securities Exchange Act of 1934.

     ___     Insurance Company.  The Buyer is an insurance company whose primary
             and  predominant  business  activity is the writing of insurance or
             the  reinsuring of risks  underwritten  by insurance  companies and
             which is subject to supervision by the insurance  commissioner or a
             similar  official or agency of a State or territory or the District
             of Columbia.

               ___  State or Local  Plan.  The Buyer is a plan  established  and
          maintained by a State,  its political  subdivisions,  or any agency or
          instrumentality  of the State or its political  subdivisions,  for the
          benefit of its employees.
     ___     ERISA  Plan.  The Buyer is an  employee  benefit  plan  within  the
             meaning of Title I of the Employee  Retirement  Income Security Act
             of 1974.

     ___     Investment Adviser.  The Buyer is an investment adviser registered 
under the
             Investment Advisers Act of 1940.

               ___  SBIC.  The  Buyer  is a Small  Business  Investment  Company
          licensed  by the U.S.  Small  Business  Administration  under  Section
          301(c) or (d) of the Small Business Investment Act of 1958.
               ___  Business  Development  Company.  The  Buyer  is  a  business
          development company as defined in Section 202(a)(22) of the Investment
          Advisers Act of 1940.

     ___     Trust  Fund.  The Buyer is a trust fund whose  trustee is a bank or
             trust  company and whose  participants  are  exclusively  (a) plans
             established and maintained by a State, its political  subdivisions,
             or any  agency or  instrumentality  of the  State or its  political
             subdivisions,  for the benefit of its  employees,  or (b)  employee
             benefit  plans  within  the  meaning  of  Title  I of the  Employee
             Retirement  Income  Security  Act of 1974,  but is not a trust fund
             that includes as  participants  individual  retirement  accounts or
             H.R.
             10 plans.

             3. The term  "securities"  as used  herein  does  not  include  (i)
securities of issuers that are affiliated  with the Buyer,  (ii) securities that
are part of an unsold allotment to or subscription by the Buyer, if the Buyer is
a dealer,  (iii) bank  deposit  notes and  certificates  of  deposit,  (iv) loan
participations,  (v) repurchase agreements, (vi) securities owned but subject to
a repurchase agreement and (vii) currency, interest rate and commodity swaps.


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                                       C-5

<PAGE>



             4. For purposes of determining  the aggregate  amount of securities
owned and/or invested on a discretionary  basis by the Buyer, the Buyer used the
cost of such  securities to the Buyer and did not include any of the  securities
referred to in the preceding  paragraph.  Further, in determining such aggregate
amount,  the Buyer may have included  securities  owned by  subsidiaries  of the
Buyer,  but only if such  subsidiaries  are  consolidated  with the Buyer in its
financial  statements  prepared in accordance with generally accepted accounting
principles  and if the  investments of such  subsidiaries  are managed under the
Buyer's direction.  However, such securities were not included if the Buyer is a
majority-owned,  consolidated  subsidiary of another enterprise and the Buyer is
not itself a reporting company under the Securities Exchange Act of 1934.

             5. The Buyer  acknowledges  that it is familiar  with Rule 144A and
understands  that the  seller to it and other  parties  related to the Rule 144A
Securities are relying and will continue to rely on the  statements  made herein
because one or more sales to the Buyer may be in reliance on Rule 144A.

  ___         ___          Will the Buyer be purchasing the Rule 144A
  Yes         No  Securities only for the Buyer's own account?

             6. If the  answer  to the  foregoing  question  is "no",  the Buyer
agrees that, in connection with any purchase of securities sold to the Buyer for
the account of a third party  (including  any  separate  account) in reliance on
Rule 144A, the Buyer will only purchase for the account of a third party that at
the time is a "qualified  institutional  buyer" within the meaning of Rule 144A.
In addition,  the Buyer agrees that the Buyer will not purchase securities for a
third party unless the Buyer has obtained a current  representation  letter from
such third party or taken other appropriate  steps  contemplated by Rule 144A to
conclude that such third party  independently meets the definition of "qualified
institutional buyer" set forth in Rule 144A.

             7.  The  Buyer  will  notify  each of the  parties  to  which  this
certification is made of any changes in the information and conclusions  herein.
Until such notice is given,  the Buyer's  purchase of Rule 144A  Securities will
constitute  a  reaffirmation  of  this  certification  as of the  date  of  such
purchase.


                                            Print Name of Buyer

                                            By:
                                                     Name:
                                                     Title:
                                            Date:

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                                       C-6

<PAGE>



                              ANNEX 2 TO EXHIBIT C


            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

              [For Buyers That Are Registered Investment Companies]


                  The undersigned hereby certifies as follows in connection with
the Rule 144A Investment Representation to which this Certification is attached:

                   1. As indicated  below,  the  undersigned  is the  President,
Chief  Financial  Officer or Senior Vice President of the Buyer or, if the Buyer
is a "qualified  institutional buyer" as that term is defined in Rule 144A under
the  Securities  Act of 1933 ("Rule 144A")  because Buyer is part of a Family of
Investment Companies (as defined below), is such an officer of the Adviser.

                  2. In  connection  with  purchases  by  Buyer,  the Buyer is a
"qualified  institutional  buyer" as  defined in SEC Rule 144A  because  (i) the
Buyer is an investment  company  registered under the Investment  Company Act of
1940,  and (ii) as marked  below,  the Buyer  alone,  or the  Buyer's  Family of
Investment Companies,  owned at least $100,000,000 in securities (other than the
excluded  securities referred to below) as of the end of the Buyer's most recent
fiscal year. For purposes of determining  the amount of securities  owned by the
Buyer or the Buyer's Family of Investment Companies, the cost of such securities
was used.

____             The Buyer owned $___________________ in securities (other than 
the excluded
                  securities referred to below) as of the end of the Buyer's
 most recent fiscal year
                  (such amount being calculated in accordance with Rule 144A).

____              The Buyer is part of a Family of  Investment  Companies  which
                  owned in the aggregate  $______________  in securities  (other
                  than the excluded  securities referred to below) as of the end
                  of the Buyer's  most recent  fiscal  year (such  amount  being
                  calculated in accordance with Rule 144A).

                  3. The term "Family of  Investment  Companies"  as used herein
means two or more registered  investment companies (or series thereof) that have
the same  investment  adviser or  investment  advisers that are  affiliated  (by
virtue of being  majority owned  subsidiaries  of the same parent or because one
investment adviser is a majority owned subsidiary of the other).

                  4. The term  "securities"  as used herein does not include (i)
securities  of  issuers  that are  affiliated  with the Buyer or are part of the
Buyer's Family of Investment Companies, (ii) bank deposit notes and certificates
of  deposit,  (iii)  loan  participations,   (iv)  repurchase  agreements,   (v)
securities  owned but  subject  to a  repurchase  agreement  and (vi)  currency,
interest rate and commodity swaps.

               5. The Buyer is familiar with Rule 144A and understands that each
          of the  parties to which this  certification  is made are  relying and
          will continue to rely on the statements
[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       C-7

<PAGE>



made  herein  because one or more sales to the Buyer will be in reliance on Rule
144A. In addition, the Buyer will only purchase for the Buyer's own account.

                  6. The  undersigned  will  notify each of the parties to which
this  certification  is made of any changes in the  information  and conclusions
herein.  Until such notice,  the Buyer's  purchase of Rule 144A  Securities will
constitute a reaffirmation  of this  certification  by the undersigned as of the
date of such purchase.



                                                     Print Name of Buyer


                                                     By:
                                      Name:
                                     Title:


                                 IF AN ADVISER:


                                                     Print Name of Buyer


                                                     Date:

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                                       C-8

<PAGE>



                                    EXHIBIT D

                     FORM OF INVESTOR REPRESENTATION LETTER


                                                       , 19


Residential Funding Mortgage Securities II, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437

The Chase Manhattan Bank
450 West 33rd Street, 10th Floor
New York, NY  10001

Attention:  Corporate Trust Administration

                  Re:      Home Equity  Loan-Backed Certificates
                           Series 1996-HS3

Ladies and Gentlemen:

                         (the "Purchaser") intends to purchase from         
    (the
"Seller")  $  [Initial  Security  Balance  of  Certificates]  [Variable  Funding
Certificates]  of Series 1996-HS3 (the  "Certificates"),  issued pursuant to the
Trust  Agreement  (the "Trust  Agreement"),  dated as of October 1, 1996 between
Residential  Funding  Mortgage  Securities II, Inc. as depositor (the "Company")
and  Wilmington  Trust  Company,  as owner  trustee  (the "Owner  Trustee"),  as
acknowledged  and agreed by The Chase  Manhattan Bank as Certificate  Registrar.
All terms used herein and not  otherwise  defined  shall have the  meanings  set
forth in the Trust  Agreement.  The Purchaser hereby  certifies,  represents and
warrants to, and covenants with, the Company and the Certificate Registrar that:

                           1.   The   Purchaser   understands   that   (a)   the
                  Certificates  have not been  and  will  not be  registered  or
                  qualified  under the  Securities  Act of 1933, as amended (the
                  "Act") or any state  securities  law,  (b) the  Company is not
                  required to so register or qualify the  Certificates,  (c) the
                  Certificates  may be resold only if  registered  and qualified
                  pursuant to the provisions of the Act or any state  securities
                  law,  or  if  an   exemption   from  such   registration   and
                  qualification is available,  (d) the Trust Agreement  contains
                  restrictions  regarding the transfer of the  Certificates  and
                  (e) the  Certificates  will  bear a  legend  to the  foregoing
                  effect.


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                                       D-1

<PAGE>



                           2. The  Purchaser is acquiring the  Certificates  for
                  its own account for investment  only and not with a view to or
                  for sale in connection  with any  distribution  thereof in any
                  manner  that would  violate  the Act or any  applicable  state
                  securities laws.

                           3. The Purchaser is (a) a substantial,  sophisticated
                  institutional investor having such knowledge and experience in
                  financial and business  matters,  and, in particular,  in such
                  matters  related to  securities  similar to the  Certificates,
                  such that it is capable of evaluating  the merits and risks of
                  investment in the Certificates,  (b) able to bear the economic
                  risks of such an investment and (c) an  "accredited  investor"
                  within the meaning of Rule 501(a) promulgated  pursuant to the
                  Act.

                           4. The Purchaser has been furnished with, and has had
                  an opportunity to review (a) [a copy of the Private  Placement
                  Memorandum,  dated , 19 , relating to the Certificates  (b)] a
                  copy of the Trust Agreement and [b] [c] such other information
                  concerning the  Certificates,  the Revolving  Credit Loans and
                  the Company as has been  requested by the  Purchaser  from the
                  Company  or the  Seller  and is  relevant  to the  Purchaser's
                  decision to purchase the  Certificates.  The Purchaser has had
                  any questions arising from such review answered by the Company
                  or the Seller to the  satisfaction  of the Purchaser.  [If the
                  Purchaser did not purchase the Certificates from the Seller in
                  connection with the initial  distribution of the  Certificates
                  and  was  provided  with  a  copy  of  the  Private  Placement
                  Memorandum  (the  "Memorandum")  relating to the original sale
                  (the "Original Sale") of the Certificates by the Company,  the
                  Purchaser acknowledges that such Memorandum was provided to it
                  by the Seller, that the Memorandum was prepared by the Company
                  solely for use in  connection  with the Original  Sale and the
                  Company did not  participate  in or  facilitate in any way the
                  purchase of the Certificates by the Purchaser from the Seller,
                  and the  Purchaser  agrees  that it will  look  solely  to the
                  Seller and not to the  Company  with  respect  to any  damage,
                  liability,  claim or expense arising out of, resulting from or
                  in connection with (a) error or omission,  or alleged error or
                  omission, contained in the Memorandum, or (b) any information,
                  development   or  event   arising   after   the  date  of  the
                  Memorandum.]

                           5.  The  Purchaser  has not and  will  not nor has it
                  authorized  or will it  authorize  any  person  to (a)  offer,
                  pledge,   sell,   dispose  of  or   otherwise   transfer   any
                  Certificate,  any  interest  in any  Certificate  or any other
                  similar security to any person in any manner,  (b) solicit any
                  offer  to buy or to  accept  a  pledge,  disposition  of other
                  transfer of any  Certificate,  any interest in any Certificate
                  or any other  similar  security from any person in any manner,
                  (c)  otherwise  approach  or  negotiate  with  respect  to any
                  Certificate,  any  interest  in any  Certificate  or any other
                  similar  security with any person in any manner,  (d) make any
                  general solicitation by means of general advertising or in any
                  other manner or (e) take any other action,  that (as to any of
                  (a) through (e) above) would  constitute a distribution of any
                  Certificate  under the Act, that would render the  disposition
                  of any  Certificate a violation of Section 5 of the Act or any
                  state securities law, or

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                                       D-2

<PAGE>



                  that would  require  registration  or  qualification  pursuant
                  thereto. The Purchaser will not sell or otherwise transfer any
                  of the Certificates,  except in compliance with the provisions
                  of the Trust Agreement.

                           6.  The Purchaser represents:

         (i) that either (a) or (b) is satisfied, as marked below:

                           ____ a. The  Purchaser  is not any  employee  benefit
         plan subject to the Employee Retirement Income Security Act of 1974, as
         amended ("ERISA"), or the Internal Revenue Code of 1986 (the "Code"), a
         Person acting,  directly or  indirectly,  on behalf of any such plan or
         any Person  acquiring  such  Certificates  with "plan assets" of a Plan
         within the meaning of the Department of Labor regulation promulgated at
         29 C.F.R. ss.2510.3-101; or

                           ____ b. The Purchaser will provide the Depositor, the
         Owner Trustee,  the Certificate  Registrar and the Master Servicer with
         either: (x) an opinion of counsel,  satisfactory to the Depositor,  the
         Owner Trustee,  the Certificate  Registrar and the Master Servicer,  to
         the effect  that the  purchase  and holding of a  Certificate  by or on
         behalf of the Purchaser is permissible  under  applicable law, will not
         constitute or result in a prohibited  transaction  under Section 406 of
         ERISA or  Section  4975 of the Code (or  comparable  provisions  of any
         subsequent  enactments)  and will not subject the Depositor,  the Owner
         Trustee,  the  Certificate  Registrar  or the  Master  Servicer  to any
         obligation or liability  (including  liabilities under ERISA or Section
         4975  of the  Code)  in  addition  to  those  undertaken  in the  Trust
         Agreement,  which  opinion  of  counsel  shall not be an expense of the
         Depositor,  the Owner Trustee, the Certificate  Registrar or the Master
         Servicer; or (y) in lieu of such opinion of counsel, a certification in
         the form of Exhibit G to the Trust Agreement; and

         (ii)  the  Purchaser  is  familiar  with  the  prohibited   transaction
         restrictions and fiduciary responsibility  requirements of Sections 406
         and 407 of ERISA and Section 4975 of the Code and understands that each
         of the parties to which this  certification is made is relying and will
         continue to rely on the statements made in this paragraph 6.

                           7.  The Purchaser is not a non-United States person.

                                            Very truly yours,



                                            By:
                                            Name:
                                            Title:


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                                       D-3

<PAGE>



                                    EXHIBIT E

                    FORM OF TRANSFEROR REPRESENTATION LETTER




                                                     , 19


Residential Funding Mortgage Securities II, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437

The Chase Manhattan Bank
450 West 33rd Street, 10th Floor
New York, NY  10001

Attention:  Corporate Trust Administration

                  Re:      Home Equity  Loan-Backed Certificates
                           Series 1996-HS3

Ladies and Gentlemen:

                                 (the "Purchaser") intends to purchase from    
                (the
"Seller")  $  [Initial  Security  Balance  of  Certificates]  [Variable  Funding
Certificates]  of Series 1996-HS3 (the  "Certificates"),  issued pursuant to the
Trust  Agreement  (the "Trust  Agreement"),  dated as of October 1, 1996 between
Residential  Funding  Mortgage  Securities II, Inc. as depositor (the "Company")
and  Wilmington  Trust  Company,  as owner  trustee  (the "Owner  Trustee"),  as
acknowledged  and agreed by The Chase  Manhattan Bank as Certificate  Registrar.
All terms used herein and not  otherwise  defined  shall have the  meanings  set
forth in the Trust  Agreement.  The  Seller  hereby  certifies,  represents  and
warrants to, and covenants with, the Company and the Certificate Registrar that:

                  Neither  the Seller  nor  anyone  acting on its behalf has (a)
offered,  pledged,  sold, disposed of or otherwise  transferred any Certificate,
any interest in any  Certificate or any other similar  security to any person in
any  manner,  (b)  has  solicited  any  offer  to buy  or to  accept  a  pledge,
disposition  or  other  transfer  of  any  Certificate,   any  interest  in  any
Certificate or any other similar security from any person in any manner, (c) has
otherwise approached or negotiated with respect to any Certificate, any interest
in any Certificate or any other similar  security with any person in any manner,
(d) has made any general  solicitation by means of general advertising or in any
other manner, or (e) has taken any other action,  that (as to any of (a) through
(e)  above)  would  constitute  a  distribution  of the  Certificates  under the
Securities  Act of 1933 (the "Act"),  that would render the  disposition  of any
Certificate a violation of Section 5 of the Act or any state  securities law, or
that would require registration or qualification

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                                       E-1

<PAGE>



pursuant  thereto.  The  Seller  will not act,  in any  manner  set forth in the
foregoing sentence with respect to any Certificate.  The Seller has not and will
not sell or otherwise  transfer any of the  Certificates,  except in  compliance
with the provisions of the Trust Agreement.

                                                              Very truly yours,


                                                              (Seller)



                                                              By:
                                                              Name:
                                                              Title:



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                                       E-2

<PAGE>



                                    EXHIBIT F

                        CERTIFICATE OF NON-FOREIGN STATUS

         This  Certificate of Non-Foreign  Status  ("certificate")  is delivered
pursuant to Section 3.05 of the Trust  Agreement,  dated as of  _________,  ____
(the "Trust  Agreement"),  between  Residential  Funding Mortgage Securities II,
Inc., as depositor and  ______________________,  as Owner Trustee, in connection
with the acquisition of, transfer to or possession by the  undersigned,  whether
as  beneficial  owner  (the  "Beneficial  Owner"),  or  nominee on behalf of the
Beneficial Owner of the Residential Home Equity Loan-Backed Certificates, Series
1996-HS3  (the  "Certificate").  Capitalized  terms used but not defined in this
certificate have the respective meanings given them in the Trust Agreement.

Each holder must complete  Part I, Part II (if the holder is a nominee),  and in
all cases sign and otherwise  complete Part III. In addition,  each holder shall
submit with the Certificate an IRS Form W-9 relating to such holder.

To confirm to the Trust that the  provisions of Sections 871, 881 or 1446 of the
Internal  Revenue Code (relating to withholding tax on foreign  partners) do not
apply in respect of the  Certificate  held by the  undersigned,  the undersigned
hereby certifies:

Part I -                   Complete Either A or B

                  A.       Individual as Beneficial Owner

   1.       I am (The Beneficial Owner is ) not a non-resident alien for
            purposes of U.S. income taxation;

   2.       My (The Beneficial Owner's) name and home address are:


                                                     ; and

   3.       My (The Beneficial Owner's) U.S. taxpayer identification number
            (Social Security Number) is                           .

   B.       Corporate, Partnership or Other Entity as Beneficial     
             Owner

            1.           (Name of the Beneficial Owner) is not a
             foreign corporation, foreign partnership, foreign trust or foreign
               estate (as those terms are defined in the Code and Treasury
               Regulations;

      2.       The Beneficial Owner's office address and place of incorporation
                          (if applicable) is
                                                                ; and

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                                       F-1

<PAGE>



       3.       The Beneficial Owner's U.S. employer identification number is
                                                      .


Part II -                  Nominees

         If the  undersigned  is the  nominee  for  the  Beneficial  Owner,  the
undersigned  certifies  that this  certificate  has been made in  reliance  upon
information contained in:

                         an IRS Form W-9

                         a form such as this or substantially similar

provided to the  undersigned  by an appropriate  person and (i) the  undersigned
agrees to notify the Trust at least  thirty (30) days prior to the date that the
form  relied  upon  becomes  obsolete,  and (ii) in  connection  with  change in
Beneficial  Owners,  the  undersigned  agrees  to  submit a new  Certificate  of
Non-Foreign Status to the Trust promptly after such change.

Part III -        Declaration

         The undersigned,  as the Beneficial Owner or a nominee thereof,  agrees
to notify the Trust within sixty (60) days of the date that the Beneficial Owner
becomes a foreign person. The undersigned  understands that this certificate may
be  disclosed  to the  Internal  Revenue  Service  by the  Trust  and any  false
statement contained therein could be punishable by fines, imprisonment or both.

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                                       F-2

<PAGE>




         Under  penalties  of  perjury,  I  declare  that I have  examined  this
certificate  and to the best of my knowledge and belief it is true,  correct and
complete and will further  declare that I will inform the Trust of any change in
the  information  provided above,  and, if applicable,  I further declare that I
have the authority* to sign this document.



              Name


      Title (if applicable)


     Signature and Date




*NOTE:  If signed pursuant to a power of attorney, the power of attorney must
 accompany this
certificate.


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                                       F-3

<PAGE>



                                    EXHIBIT G

                       FORM OF ERISA REPRESENTATION LETTER


                                                           _____________, 199__

Residential Funding Mortgage
 Securities II, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN  55437

Wilmington Trust Company
[ADDRESS]

Residential Funding Corporation
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN  55437

[CERTIFICATE REGISTRAR]

        Re:      Residential Funding Mortgage Securities II, Inc.
                 Home Equity Loan-Backed Certificates, Series 1996-HS3

Dear Sirs:

                  __________________________________  (the "Transferee") intends
to acquire from _____________________  (the "Transferor")  $____________ Initial
Certificate  Principal Balance of Residential  Mortgage Securities II, Inc. Home
Equity Loan-Backed  Certificates,  Series 1996-HS3 (the "Certificates"),  issued
pursuant to a Trust  Agreement  (the "Trust  Agreement")  dated  October 1, 1996
among  Residential  Funding  Mortgage  Securities  II, Inc.,  as depositor  (the
"Depositor")  and Wilmington  Trust Company,  as trustee (the "Owner  Trustee").
Capitalized  terms used herein and not otherwise defined shall have the meanings
assigned thereto in the Trust Agreement.

                  The Transferee hereby  certifies,  represents and warrants to,
and covenants with, the Depositor,  the Owner Trustee, the Certificate Registrar
and the Master Servicer that either:

                  (1) The  Certificates  (i) are not being acquired by, and will
         not be transferred to, any employee  benefit plan within the meaning of
         section 3(3) of the Employee Retirement Income Security Act of 1974, as
         amended ("ERISA") or other retirement arrangement, including individual
         retirement  accounts  and  annuities,  Keogh plans and bank  collective
         investment funds and insurance  company general or separate accounts in
         which such  plans,  accounts  or  arrangements  are  invested,  that is
         subject to Section 406 of ERISA or Section 4975 of the Internal Revenue
         Code of 1986 (the "Code") (any of

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<PAGE>



         the  foregoing,  a  "Plan"),  (ii) are not being  acquired  with  "plan
         assets" of a Plan within the meaning of the Department of Labor ("DOL")
         regulation, 29 C.F.R. ss. 2510.3-101, and (iii) will not be transferred
         to any entity that is deemed to be investing in plan assets  within the
         meaning of the DOL regulation, 29 C.F.R. ss. 2510.3-101; or

                  (2) The  purchase of the  Certificates  is  permissible  under
         applicable  law,  will  not  constitute  or  result  in any  prohibited
         transaction  under ERISA or Section 4975 of the Code,  will not subject
         the  Depositor  or the Trustee to any  obligation  in addition to those
         undertaken in the Trust  Agreement  and, with respect to each source of
         funds being used by the  Transferee to acquire the  Certificates  (each
         being  referred to as a "Source")  and the  following  statements in at
         least one of (a), (b), (c), (d), (e) or (f) are accurate:

                           (a) the  Transferee  is an insurance  company and (i)
                  the  Source  is  assets  of its  "general  account,"  (ii) the
                  conditions set forth in PTCE 95-60 issued by the DOL have been
                  satisfied and the purchase and holding of  Certificates  by or
                  on behalf of the  Transferee  are exempt  under PTCE 95-60 and
                  (iii) the amount of reserves and  liabilities for such general
                  account  contracts  held by or on  behalf  of any  Plan do not
                  exceed  10% of the  total  reserves  and  liabilities  of such
                  general  account  plus  surplus  as of the  date  hereof  (for
                  purposes  of this  clause,  all Plans  maintained  by the same
                  employer (or affiliate  thereof) or employee  organization are
                  deemed to be a single  Plan) in  connection  with its purchase
                  and holding of such Certificates; or

                           (b) the  Transferee  is an insurance  company and (i)
                  the  Source  is  assets  of its  "general  account,"  (ii) the
                  requirements   of   Section   401(c)  of  ERISA  and  the  DOL
                  regulations    to   be   promulgated    thereunder    ("401(c)
                  Regulations")  have been  satisfied  and will  continue  to be
                  satisfied  and  (iii)  the  Transferee   represents   that  it
                  understands  that the  operation of the general  account after
                  December  31,  1998 may affect its ability to continue to hold
                  the  Certificates  after the date which is 18 months after the
                  401(c)  Regulations  become final and unless a class exemption
                  issued  by the DOL or an  exception  under  Section  401(c) of
                  ERISA  is  then   available  for  the  continued   holding  of
                  Certificates,  if the assets of the general account constitute
                  Plan Assets, it will dispose of the Certificates  prior to the
                  date which is 18 months  after the 401(c)  Regulations  become
                  final; or

                           (c) the  Transferee  is an insurance  company and (i)
                  the Source is an insurance company "pooled separate  account,"
                  (ii) the  conditions  set forth in PTCE 90-1 issued by the DOL
                  have  been   satisfied   and  the   purchase  and  holding  of
                  Certificates  by or on behalf  of the  Transferee  are  exempt
                  under  PTCE 90-1 and (iii)  there is no Plan  whose  assets in
                  such separate  account  exceed 10% of the total assets of such
                  separate  account as of the date hereof (for  purposes of this
                  clause,  all Plans maintained by the same employer or employee
                  organization are deemed to be a single Plan); or

                           (d) the  Transferee is a bank and (i) the Source is a
                  "collective  investment fund" as described in Section IV(e) of
                  PTCE 91-38 with respect to which the bank is trustee, (ii) the
                  conditions set forth in PTCE 91-38 issued by

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                                       G-2

<PAGE>


                  the DOL have been  satisfied  and the  purchase and holding of
                  Certificates  by or on behalf  of the  Transferee  are  exempt
                  under PTCE 91-38 and (iii) no Plan has assets invested in such
                  collective  investment  fund exceeding 10% of the total assets
                  of such collective  investment fund as of the date hereof (for
                  purposes  of this  clause,  all Plans  maintained  by the same
                  employer  or employee  organization  are deemed to be a single
                  Plan); or

                           (e) the Transferee is an "investment  fund" described
                  in PTCE 84-14 and (i) the  undersigned  is a "QPAM" as defined
                  in PTCE  84-14,  (ii) the  conditions  set forth in PTCE 84-14
                  issued by the DOL have been  satisfied and will continue to be
                  satisfied  and (iii) the purchase and holding of  Certificates
                  by or on behalf of the Transferee are exempt under PTCE 84-14;
                  or

                           (f) the  transfer of  Certificates  is effected by an
                  "INHAM" defined in PTCE 96-23 and (i) the conditions set forth
                  in PTCE 96-23 issued by the DOL have been  satisfied  and will
                  continue to be satisfied  and (ii) the purchase and holding of
                  Certificates  by or on behalf  of the  Transferee  are  exempt
                  under PTCE 96-23.

                  (3) The Transferee is familiar with the prohibited transaction
         restrictions and fiduciary responsibility  requirements of Sections 406
         and 407 of ERISA and Section 4975 of the Code and understands that each
         of the parties to which this  certification is made is relying and will
         continue to rely on the statements made herein.

                                Very truly yours,



                                                     By:
                                                     Name:
                                                     Title:


[NY01:227417.4]  16069-00369  10/30/96 3:33pm
                                       G-3

<PAGE>




                         HOME EQUITY LOAN TRUST 1996-HS3

                                     Issuer

                                       AND

                            THE CHASE MANHATTAN BANK

                                Indenture Trustee



                                    INDENTURE

                           Dated as of October 1, 1996

                   ------------------------------------------


                       HOME EQUITY LOAN-BACKED TERM NOTES

                 HOME EQUITY LOAN-BACKED VARIABLE FUNDING NOTES


                                                   -------------



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<PAGE>



                                TABLE OF CONTENTS

Section                                                                    Page

                                    ARTICLE I

                                   Definitions

1.01.         Definitions...............................................  2
1.02.         Incorporation by Reference of Trust Indenture Act.........  2
1.03.         Rules of Construction.....................................  2

                          ARTICLE II

                  Original Issuance of Notes
2.01.         Form................................................  4
2.02.         Execution, Authentication and Delivery..............  4

                          ARTICLE III

                           Covenants

3.01.         Collection of Payments with respect to the Class A Ownership
              Interest...................................................  6
3.02.         Maintenance of Office or Agency............................  6
3.03.         Money for Payments To Be Held in Trust; Paying Agent.......  6
3.04.         Existence..................................................  7
3.05.         Payment of Principal and Interest; Defaulted Interest......  8
3.06.         Protection of Trust Estate................................. 10
3.07.         Opinions as to Trust Estate................................ 10
3.08.         Performance of Obligations; Servicing Agreement............ 11
3.09.         Negative Covenants......................................... 11
3.10.         Annual Statement as to Compliance.......................... 12
3.11.         Recording of Assignments................................... 12
3.12.         Representations and Warranties Concerning the Revolving Credit
              Loans........................................................ 12
3.13.         Assignee of Record of the Mortgage Loans..................... 13
3.14.         Master Servicer as Agent and Bailee of the Class A Ownership
              Interest Holder.......................................... 13
3.15.         Investment Company Act................................... 13
3.16.         Issuer May Consolidate, etc.............................. 13
3.17.         Successor or Transferee.................................. 15
3.18.         No Other Business........................................ 15
3.19.         No Borrowing............................................. 15
3.20.         Guarantees, Loans, Advances and Other Liabilities........ 15
3.21.         Capital Expenditures..................................... 16
3.22.         Owner Trustee Not Liable for Certificates or Related Documents. 16

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                                                    i

<PAGE>



         3.23.         Restricted Payments.................................. 16
         3.24.         Notice of Events of Default.......................... 16
         3.25.         Further Instruments and Acts......................... 16
         3.26.         Statements to Noteholders............................ 16
         3.27.         Determination of Note Rate and Certificate Rate...... 16
         3.28.         Payments under the Credit Enhancement Instrument..... 17

                                   ARTICLE IV

               The Notes; Satisfaction and Discharge of Indenture

4.01.   The Notes; Increase of Maximum Variable Funding Balance; Variable
        Funding Notes...................................................... 18
4.02.   Registration of and Limitations on Transfer and Exchange of Notes;
        Appointment of Certificate Registrar............................... 19
4.03.   Mutilated, Destroyed, Lost or Stolen Notes......................... 21
4.04.   Persons Deemed Owners.............................................. 21
4.05.   Cancellation....................................................... 21
4.06.   Book-Entry Notes................................................... 22
4.07.   Notices to Depository.............................................. 23
4.08.   Definitive Notes................................................... 23
4.09.   Tax Treatment...................................................... 23
4.10.   Satisfaction and Discharge of Indenture............................ 23
4.11.   Application of Trust Money......................................... 24
4.12.   Subrogation and Cooperation........................................ 25
4.13.   Repayment of Monies Held by Paying Agent........................... 25
4.14.   Temporary Notes.................................................... 26
5.01.   Events of Default.................................................. 27
5.02.   Acceleration of Maturity; Rescission and Annulment................. 27
5.03.   Collection of Indebtedness and Suits for Enforcement by Indenture
        Trustee............................................................ 28
5.04.   Remedies; Priorities............................................... 30
5.05.   Optional Preservation of the Trust Estate.......................... 31
5.06.   Limitation of Suits................................................ 32
5.07.   Unconditional Rights of Noteholders To Receive Principal and
        Interest........................................................... 32
5.08.   Restoration of Rights and Remedies................................. 32
5.09.   Rights and Remedies Cumulative..................................... 33
5.10.   Delay or Omission Not a Waiver..................................... 33
5.11.   Control by Noteholders............................................. 33
5.12.   Waiver of Past Defaults............................................ 34
5.13.   Undertaking for Costs.............................................. 34
5.14.   Waiver of Stay or Extension Laws................................... 34
5.15.   Sale of Trust Estate............................................... 34
5.16.   Action on Notes.................................................... 36

                          ARTICLE VI

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                                                    ii

<PAGE>




                     The Indenture Trustee

6.01.  Duties of Indenture Trustee.......................................... 38
6.02.  Rights of Indenture Trustee.......................................... 39
6.03.  Individual Rights of Indenture Trustee............................... 39
6.04.  Indenture Trustee's Disclaimer....................................... 39
6.05.  Notice of Event of Default........................................... 40
6.06.  Reports by Indenture Trustee to Holders.............................. 40
6.07.  Compensation and Indemnity........................................... 40
6.08.  Replacement of Indenture Trustee..................................... 40
6.09.  Successor Indenture Trustee by Merger................................ 41
6.10.  Appointment of Co-Indenture Trustee or Separate Indenture Trustee.... 42
6.11.  Eligibility; Disqualification........................................ 43
6.12.  Preferential Collection of Claims Against Issuer..................... 43
6.13.  Representations and Warranties....................................... 43
6.14.  Directions to Indenture Trustee...................................... 44
6.15.  Indenture Trustee May Own Securities................................. 44

                 ARTICLE VII

                Noteholders' Lists and Reports

7.01.         Issuer To Furnish Indenture Trustee Names and Addresses of
              Noteholders................................................. 45
7.02.         Preservation of Information; Communications to Noteholders.. 45
7.03.         Reports by Issuer........................................... 45
7.04.         Reports by Indenture Trustee................................ 46

                         ARTICLE VIII

             Accounts, Disbursements and Releases

8.01.         Collection of Money......................................... 47
8.02.         Trust Accounts.............................................. 47
8.03.         Officer's Certificate....................................... 47
8.04.         Termination Upon Distribution to Noteholders................ 47
8.05.         Release of Trust Estate..................................... 48
8.06.         Surrender of Notes Upon Final Payment....................... 48

                          ARTICLE IX

                    Supplemental Indentures

9.01.         Supplemental Indentures Without Consent of Noteholders...... 49
9.02.         Supplemental Indentures With Consent of Noteholders......... 50
9.03.         Execution of Supplemental Indentures........................ 51
9.04.         Effect of Supplemental Indenture............................ 52

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         9.05.         Conformity with Trust Indenture Act.................. 52
         9.06.         Reference in Notes to Supplemental Indentures........ 52

                                    ARTICLE X

                                  Miscellaneous

         10.01.        Compliance Certificates and Opinions, etc............ 53
         10.02.        Form of Documents Delivered to Indenture Trustee..... 54
         10.03.        Acts of Noteholders.................................. 55
         10.04.        Notices, etc., to Indenture Trustee, Issuer, Credit 
                       Enhancer and Rating Agencies........................ 56
         10.05.        Notices to Noteholders; Waiver...................... 56
         10.06.        Alternate Payment and Notice Provisions............. 57
         10.07.        Conflict with Trust Indenture Act................... 57
         10.08.        Effect of Headings.................................. 57
         10.09.        Successors and Assigns.............................. 57
         10.10.        Separability........................................ 57
         10.11.        Benefits of Indenture............................... 57
         10.12.        Legal Holidays...................................... 58
         10.13.        GOVERNING LAW....................................... 58
         10.14.        Counterparts........................................ 58
         10.15.        Recording of Indenture.............................. 58
         10.16.        Issuer Obligation................................... 58
         10.17.        No Petition......................................... 58
         10.18.        Inspection.......................................... 59


                             CROSS-REFERENCE TABLE*


Trust Indenture
                          Act Section Indenture Section

      ss. 310(a)(1)   .........................   3.02, 6.11

             (a)(2)   .........................   6.11

             (a)(3)   .........................   6.10(a) and (b)

             (a)(4)   .........................   Not Applicable

             (a)(5)   .........................   6.11

             (b)      .........................   6.11

             (c)      .........................   Not Applicable



      ss. 311(a)      .........................   6.12

             (b)      .........................   6.12

             (c)      .........................   Not Applicable



      ss. 312(a)      .........................   7.01, 7.02(a)

             (b)      .........................   7.02(b)

             (c)      .........................   7.02(c)



     ss. 313 (a)      .........................   7.04

             (b)      .........................   7.04

             (c)      .........................   7.04

             (d)      .........................   7.04



     ss. 314 (a)(1)   .........................   7.03(a)(i)

             (a)(2)   .........................   7.03(a)(ii)

             (a)(3)   .........................   7.03(a)(iii)

             (a)(4)   .........................   3.10

             (b)(1)   .........................   3.07(a)

             (b)(2)   .........................   3.07(b)

             (c)(1)   .........................   10.01(a) and (b)

             (c)(2)   .........................   10.01(a) and (b)

             (c)(3)   .........................   Not Applicable

             (d)      .........................   10.01(b)

- --------
*        This Cross-Reference Table shall not, for any purpose, be deemed to
 be part of the Indenture.

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             (e)      ..............................   10.01(a)

             (f)      ..............................   Not Necessary



      ss. 315(a)      ..............................   6.01(b)

             (b)      ..............................   6.05

             (c)      ..............................   6.01(a)

             (d)      ..............................   6.01(c)

             (d)(1)   ..............................   6.01(c)(i) and 6.01(b)

             (d)(2)   ..............................   6.01(c)(ii)

             (d)(3)   ..............................   6.01(c)(iii)

             (e)      ..............................   5.13



      ss. 316(a)      ..............................   5.11 and 5.12

             (b)      ..............................   5.07

             (c)      ..............................   4.01(a)



      ss. 317(a)(1)   ..............................   5.03(b)

             (a)(2)   ..............................   5.03(d)(i)

             (b)      ..............................   3.03



      ss. 318(a)      ..............................   10.07



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<PAGE>





Signatures and Seals ....................................................   81
Acknowledgments .........................................................   82


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<PAGE>



EXHIBITS

Exhibit A-1 -  Form of Term Notes
Exhibit A-2 -  Form of Variable Funding Notes
Exhibit B   -  Form of 144A Investment Representation for Capped Funding Notes
Exhibit C   -  Form of Investor Representation Letter for Capped Funding Notes
Exhibit D   -  Form of Transferor Representation Letter for Capped Funding Notes

Appendix A  Definitions

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                                        v

<PAGE>



                  This  Indenture,  dated as of October 1,  1996,  between  HOME
EQUITY LOAN TRUST 1996-HS3, a Delaware business trust, as Issuer (the "Issuer"),
and The Chase Manhattan Bank, as Indenture Trustee (the "Indenture Trustee"),

                                WITNESSETH THAT:

                  Each party  hereto  agrees as follows  for the  benefit of the
other party and for the equal and ratable benefit of the Holders of the Issuer's
Series 1996-HS3 Home Equity  Loan-Backed Term Notes and Home Equity  Loan-Backed
Variable Funding Notes (together the "Notes").

                                 GRANTING CLAUSE

                  The  Issuer  hereby  Grants to the  Indenture  Trustee  at the
Closing Date, as trustee for the benefit of the Holders of the Notes, all of the
Issuer's  right,  title and interest in and to whether now existing or hereafter
created (a) the Class A Ownership  Interest in the  1996-HS3  LLC created by the
Depositor  under Delaware law, (b) all funds on deposit from time to time in the
Payment  Account  and  in all  proceeds  thereof;  (c)  the  Credit  Enhancement
Instrument and (d) all present and future claims, demands, causes and chooses in
action in respect of any or all of the  foregoing  and all payments on or under,
and all proceeds of every kind and nature  whatsoever  in respect of, any or all
of the  foregoing  and all payments on or under,  and all proceeds of every kind
and nature whatsoever in the conversion thereof, voluntary or involuntary,  into
cash or other liquid property, all cash proceeds, accounts, accounts receivable,
notes, drafts,  acceptances,  checks, deposit accounts, rights to payment of any
and every kind, and other forms of obligations and receivables,  instruments and
other  property  which at any time  constitute all or part of or are included in
the proceeds of any of the foregoing  (collectively,  the "Trust  Estate" or the
"Collateral").

                  The foregoing  Grant is made in trust to secure the payment of
principal  of and interest  on, and any other  amounts  owing in respect of, the
Notes,  equally and ratably without prejudice,  priority or distinction,  and to
secure compliance with the provisions of this Indenture, all as provided in this
Indenture.

                  The  foregoing  Grant shall inure to the benefit of the Credit
Enhancer  in  respect of draws made on the  Credit  Enhancement  Instrument  and
amounts owing from time to time pursuant to the Insurance Agreement  (regardless
of whether such amounts relate to the Notes or the Certificates), and such Grant
shall  continue in full force and effect for the benefit of the Credit  Enhancer
until all such amounts owing to it have been repaid in full.

                  The Indenture Trustee,  as trustee on behalf of the Holders of
the Notes,  acknowledges  such Grant,  accepts the trust under this Indenture in
accordance  with the  provisions  hereof  and  agrees to  perform  its duties as
Indenture Trustee as required herein.



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<PAGE>



                                    ARTICLE I

                                   Definitions

         Section 1.01. Definitions.  For all purposes of this Indenture,  except
as otherwise expressly provided herein or unless the context otherwise requires,
capitalized  terms not otherwise defined herein shall have the meanings assigned
to such  terms  in the  Definitions  attached  hereto  as  Appendix  A which  is
incorporated by reference herein.  All other capitalized terms used herein shall
have the meanings specified herein.

         Section  1.02.  Incorporation  by  Reference  of Trust  Indenture  Act.
Whenever this  Indenture  refers to a provision of the Trust  Indenture Act (the
"TIA"),  the provision is  incorporated  by reference in and made a part of this
Indenture.  The  following TIA terms used in this  Indenture  have the following
meanings:

          "Commission" means the Securities and Exchange Commission.

          "indenture securities" means the Notes.

          "indenture security holder" means a Noteholder.

          "indenture to be qualified" means this Indenture.

    "indenture trustee" or "institutional trustee" means the Indenture Trustee.

 "obligor" on the indenture securities means the Issuer and any other obligor on
 the indenture securities.

           All other TIA terms used in this  Indenture  that are defined
 by the TIA,  defined by TIA reference to another  statute or defined by
 Commission rule have the meaning assigned to them by such definitions.

 Section 1.03.    Rules of Construction.  Unless the context otherwise requires:

                 (i)          a term has the meaning assigned to it;

                        (ii) an accounting  term not  otherwise  defined has the
         meaning assigned to it in accordance with generally accepted accounting
         principles as in effect from time to time;

  (iii)          "or" is not exclusive;

   (iv)          "including" means including without limitation;

    (v)          words in the singular include the plural and words in the
                 plural include the singular; and


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<PAGE>



                        (vi) any  agreement,  instrument  or statute  defined or
         referred to herein or in any  instrument  or  certificate  delivered in
         connection herewith means such agreement, instrument or statute as from
         time to time  amended,  modified or  supplemented  and includes (in the
         case  of  agreements  or  instruments)  references  to all  attachments
         thereto and instruments  incorporated  therein;  references to a Person
         are also to its permitted successors and assigns.

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<PAGE>



                                   ARTICLE II

                           Original Issuance of Notes

         Section 2.01.  Form. The Term Notes and the Variable  Funding Notes, in
each case together with the Indenture  Trustee's  certificate of authentication,
shall  be in  substantially  the  forms  set  forth  in  Exhibits  A-1 and  A-2,
respectively,  with such appropriate  insertions,  omissions,  substitutions and
other  variations  as are required or permitted by this  Indenture  and may have
such  letters,  numbers or other  marks of  identification  and such  legends or
endorsements placed thereon as may, consistently  herewith, be determined by the
officers executing such Notes, as evidenced by their execution of the Notes. Any
portion of the text of any Note may be set forth on the reverse thereof, with an
appropriate reference thereto on the face of the Note.

         The Notes shall be  typewritten,  printed,  lithographed or engraved or
produced by any  combination  of these methods  (with or without steel  engraved
borders),  all as determined by the Authorized Officers executing such Notes, as
evidenced by their execution of such Notes.

         The terms of the Notes  set forth in  Exhibits  A-1 and A-2 are part of
the terms of this Indenture.

               Section 2.02. Execution,  Authentication and Delivery.  The Notes
          shall be  executed  on behalf of the  Issuer by any of its  Authorized
          Officers.  The signature of any such  Authorized  Officer on the Notes
          may be manual or facsimile.

         Notes bearing the manual or facsimile signature of individuals who were
at  any  time  Authorized   Officers  of  the  Issuer  shall  bind  the  Issuer,
notwithstanding  that such  individuals  or any of them have ceased to hold such
offices prior to the  authentication  and delivery of such Notes or did not hold
such offices at the date of such Notes.

         The  Indenture  Trustee  shall upon  Issuer  Request  authenticate  and
deliver Term Notes for original issue in an aggregate  initial  principal amount
of  $247,244,000  and Variable  Funding Notes for original issue in an aggregate
initial  principal  amount of zero. The Security Balance of the Variable Funding
Notes in the aggregate may not exceed the Maximum Variable Funding Note Balance.

         Each  Note  shall be dated  the date of its  authentication.  The Notes
shall be  issuable as  registered  Notes and the Term Notes shall be issuable in
the minimum  initial  Security  Balances of $1,000 and in integral  multiples of
$1,000 in excess thereof.

         Each  Variable  Funding Note shall be initially  issued with a Security
Balance of $0 or, if applicable,  with a Security Balance in the amount equal to
the Additional  Balance  Differential  for the Collection  Period related to the
Payment  Date  following  the date of issuance  of such  Variable  Funding  Note
pursuant to Section 4.01(c).

         No Note shall be  entitled to any benefit  under this  Indenture  or be
valid or  obligatory  for any  purpose,  unless  there  appears  on such  Note a
certificate of authentication substantially in the

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<PAGE>



form  provided  for  herein  executed  by the  Indenture  Trustee  by the manual
signature of one of its authorized  signatories,  and such  certificate upon any
Note shall be conclusive  evidence,  and the only  evidence,  that such Note has
been duly authenticated and delivered hereunder.

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<PAGE>



                                   ARTICLE III

                                    Covenants

         Section  3.01.  Collection  of  Payments  with  respect  to the Class A
Ownership  Interest.  The Indenture  Trustee  shall  establish and maintain with
itself the Payment Account in which the Indenture Trustee shall,  subject to the
terms of this  paragraph,  deposit,  on the same day as it is received  from the
Master Servicer,  each remittance received by the Indenture Trustee with respect
to the Class A Ownership Interest. The Indenture Trustee shall make all payments
of principal  of and interest on the Notes,  subject to Section 3.03 as provided
in Section 3.05 herein from monies on deposit in the Payment Account.

         Section 3.02. Maintenance of Office or Agency. The Issuer will maintain
in the City of New York, an office or agency where,  subject to  satisfaction of
conditions  set forth  herein,  Notes may be  surrendered  for  registration  of
transfer  or  exchange,  and where  notices and demands to or upon the Issuer in
respect  of the  Notes and this  Indenture  may be  served.  The  Issuer  hereby
initially appoints the Indenture Trustee to serve as its agent for the foregoing
purposes.  If at any time the Issuer  shall fail to maintain  any such office or
agency or shall fail to furnish the Indenture  Trustee with the address thereof,
such  surrenders,  notices and  demands  may be made or served at the  Corporate
Trust Office,  and the Issuer hereby appoints the Indenture Trustee as its agent
to receive all such surrenders, notices and demands.

         Section 3.03. Money for Payments To Be Held in Trust; Paying Agent. (a)
As  provided in Section  3.01,  all  payments  of amounts  due and payable  with
respect to any Notes that are to be made from amounts withdrawn from the Payment
Account  pursuant  to Section  3.01 shall be made on behalf of the Issuer by the
Indenture  Trustee or by the Paying Agent,  and no amounts so withdrawn from the
Payment Account for payments of Notes shall be paid over to the Issuer except as
provided in this Section 3.03.

         The Issuer  will  cause  each  Paying  Agent  other than the  Indenture
Trustee to execute and deliver to the  Indenture  Trustee an instrument in which
such Paying Agent shall agree with the  Indenture  Trustee (and if the Indenture
Trustee acts as Paying Agent it hereby so agrees),  subject to the provisions of
this Section 3.03, that such Paying Agent will:

                         (i) hold all sums held by it for the payment of amounts
         due with  respect to the Notes in trust for the  benefit of the Persons
         entitled  thereto  until  such sums  shall be paid to such  Persons  or
         otherwise  disposed  of as  herein  provided  and pay such sums to such
         Persons as herein provided;

                        (ii) give the Indenture  Trustee and the Credit Enhancer
         written  notice of any  default  by the  Issuer of which it has  actual
         knowledge in the making of any payment required to be made with respect
         to the Notes;

                       (iii)  at any time  during  the  continuance  of any such
         default,  upon the written request of the Indenture Trustee,  forthwith
         pay to the  Indenture  Trustee all sums so held in trust by such Paying
         Agent;


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<PAGE>



                        (iv)  immediately  resign as Paying Agent and  forthwith
         pay to the  Indenture  Trustee  all sums  held by it in  trust  for the
         payment  of  Notes  if at any  time it  ceases  to meet  the  standards
         required to be met by a Paying Agent at the time of its appointment;

                         (v)  comply  with all  requirements  of the  Code  with
         respect to the withholding from any payments made by it on any Notes of
         any applicable  withholding  taxes imposed  thereon and with respect to
         any applicable reporting requirements in connection therewith; and

                        (vi)  deliver  to the  Indenture  Trustee  a copy of the
         report to Noteholders prepared with respect to each Payment Date by the
         Master Servicer pursuant to Section 4.01 of the Servicing Agreement.

         The  Issuer  may  at  any  time,  for  the  purpose  of  obtaining  the
satisfaction and discharge of this Indenture or for any other purpose, by Issuer
Request direct any Paying Agent to pay to the Indenture Trustee all sums held in
trust by such Paying Agent,  such sums to be held by the Indenture  Trustee upon
the same trusts as those upon which the sums were held by such Paying Agent; and
upon such  payment by any Paying  Agent to the  Indenture  Trustee,  such Paying
Agent shall be released from all further liability with respect to such money.

         Subject to applicable laws with respect to escheat of funds,  any money
held by the  Indenture  Trustee or any Paying  Agent in trust for the payment of
any amount due with  respect to any Note and  remaining  unclaimed  for one year
after such amount has become due and payable shall be discharged from such trust
and be paid to the Issuer on Issuer  Request;  and the Holder of such Note shall
thereafter,  as an  unsecured  general  creditor,  look only to the  Issuer  for
payment  thereof  (but only to the extent of the amounts so paid to the Issuer),
and all liability of the Indenture  Trustee or such Paying Agent with respect to
such trust money shall thereupon cease;  provided,  however,  that the Indenture
Trustee or such Paying Agent,  before being required to make any such repayment,
shall at the expense and direction of the Issuer cause to be published  once, in
an  Authorized  Newspaper,  notice that such money  remains  unclaimed and that,
after a date  specified  therein,  which shall not be less than 30 days from the
date of such  publication,  any unclaimed  balance of such money then  remaining
will be repaid to the Issuer.  The Indenture  Trustee may also adopt and employ,
at the  expense  and  direction  of the Issuer,  any other  reasonable  means of
notification of such repayment (including, but not limited to, mailing notice of
such  repayment  to  Holders  whose  Notes  have been  called  but have not been
surrendered  for  redemption  or whose  right to or  interest  in monies due and
payable  but not  claimed is  determinable  from the  records  of the  Indenture
Trustee  or of any  Paying  Agent,  at the last  address of record for each such
Holder).

         Section  3.04.  Existence.  The  Issuer  will keep in full  effect  its
existence, rights and franchises as a business trust under the laws of the State
of Delaware (unless it becomes, or any successor Issuer hereunder is or becomes,
organized  under the laws of any other state or of the United States of America,
in which case the Issuer  will keep in full  effect  its  existence,  rights and
franchises  under  the laws of such  other  jurisdiction)  and will  obtain  and
preserve its  qualification  to do business in each  jurisdiction  in which such
qualification   is  or  shall  be   necessary   to  protect  the   validity  and
enforceability of this Indenture,  the Notes, the Class A Ownership Interest and
each other instrument or agreement included in the Trust Estate.

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<PAGE>




         Section 3.05.  Payment of Principal and Interest;  Defaulted  Interest.
(a) On each  Payment Date from  amounts on deposit in the Payment  Account,  the
Paying Agent shall pay to the  Noteholders,  the  Certificate  Paying Agent,  on
behalf of the Certificateholders, and to other Persons the amounts to which they
are entitled,  as set forth in the statements delivered to the Indenture Trustee
pursuant to Section 4.01 of the Servicing  Agreement,  as set forth below in the
following order of priority:

                         (i) (x) to the  Noteholders,  interest  for the related
         Interest  Period at the Note  Rate on the  Security  Balances  of Notes
         immediately  prior  to such  Payment  Date  and (y) to the  Certificate
         Paying Agent,  the Certificate  Preferred Return for such Payment Date,
         in each case, other than any Interest Shortfalls;

                        (ii)  to the  Noteholders  and  the  Certificate  Paying
         Agent,  as the case may be, as principal on the Term Notes and Variable
         Funding  Notes,  and  as  a  Certificate  Distribution  Amount  to  the
         Certificates,  pro rata based on the  Security  Balances  thereof,  the
         Principal Collection Distribution Amount for such Payment Date;

                       (iii)  to the  Noteholders  and  the  Certificate  Paying
         Agent,  as the case may be, as principal to the Term Notes and Variable
         Funding  Notes,  and  as  a  Certificate  Distribution  Amount  to  the
         Certificates,  pro rata based on the  Security  Balances  thereof,  the
         Liquidation Loss Distribution  Amounts for such Payment Date, except to
         the extent  attributable  to Liquidation  Loss Amounts for all previous
         Collection  Periods  with  respect to which  payments  were made on the
         Notes and the Certificates by means of a draw on the Credit Enhancement
         Instrument or otherwise;

               (iv) to the Credit Enhancer, in the amount of the premium for the
          Credit  Enhancement  Instrument  (with interest thereon as provided in
          the Insurance Agreement);

                         (v) to the Credit  Enhancer,  to reimburse it for prior
         draws made on the Credit Enhancement  Instrument (with interest thereon
         as provided in the Insurance  Agreement) (except for draws attributable
         to Excess Loss Amounts);

                        (vi)  to the  Noteholders  and  the  Certificate  Paying
         Agent,  as the case may be, as principal to the Term Notes and Variable
         Funding  Notes,  and  as  a  Certificate  Distribution  Amount  on  the
         Certificates,  pro rata based on the Security Balances  thereof,  up to
         the Special Capital Distribution Amount for such Payment Date;

               (vii) to the  Credit  Enhancer,  any  other  amounts  owed to the
          Credit Enhancer pursuant to the Insurance Agreement;

                      (viii) to pay the Term Notes,  Variable  Funding Notes and
         the Certificates, any Interest Shortfalls not previously paid (together
         with  interest  thereon) pro rata,  based on the  outstanding  Security
         Balances thereof, but continuing such pro rata payments only, until any
         Interest  Shortfalls  (together  with interest  thereon) not previously
         paid to the Notes and Variable  Funding Notes have been paid,  and then
         thereafter  making all payments to the  Certificates,  to the extent of
         any  Interest  Shortfalls  remaining  unpaid  (together  with  interest
         thereon);

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<PAGE>




                        (ix)          [reserved];

               (x) any remaining  amount,  to the  Certificate  Paying Agent, on
          behalf of the holders of the Designated Certificates.

provided, however, in the event that on a Payment Date a Credit Enhancer Default
shall have  occurred and be  continuing  then the  priorities  of  distributions
described  above  will  be  adjusted  such  that  payments  of  the  Certificate
Distribution  Amount and all other amounts to be paid to the Certificate  Paying
Agent  will not be paid  until the full  amount of  interest  and  principal  in
accordance  with  clauses  (i)  through  (iii) and (vi)  above  that are due and
required  to be paid on the  Notes  on such  Payment  Date  have  been  paid and
provided,  further,  that on the Final  Scheduled  Payment  Date or other  final
Payment Date, the amount to be paid pursuant to clause (ii) above shall be equal
to the Security  Balances of the  Securities  immediately  prior to such Payment
Date. For purposes of the foregoing, required payments of principal on the Notes
on each Payment Date will include the pro rata portion allocable to the Notes of
all  Liquidation  Loss  Amounts  for  such  Payment  Date  and for all  previous
Collection  Periods  until paid or covered in full,  to the extent not otherwise
covered  by  a  Liquidation  Loss  Distribution   Amount,  a  reduction  of  the
Outstanding Reserve Amount or a draw on the Credit Enhancement Instrument (up to
the outstanding Security Balance thereof).

         On each Payment Date, the Certificate Paying Agent shall deposit in the
Certificate  Distribution  Account  all  amounts it  received  pursuant  to this
Section   3.05   for  the   purpose   of   distributing   such   funds   to  the
Certificateholders.

         The amounts paid to Noteholders shall be paid to the Term Notes and the
Variable Funding Notes in accordance with the applicable percentage as set forth
in  paragraph  (b) below.  Interest  will accrue on the Notes during an Interest
Period on the basis of the actual number of days in such  Interest  Period and a
year assumed to consist of 360 days.

         Any installment of interest or principal,  if any,  payable on any Note
that is  punctually  paid or duly  provided for by the Issuer on the  applicable
Payment Date shall, if such Holder holds Notes of an aggregate  initial Security
Balance of at least  $10,000,  be paid to each Holder of record on the preceding
Record Date, by wire transfer to an account  specified in writing by such Holder
reasonably satisfactory to the Indenture Trustee as of the preceding Record Date
or in all other  cases or if no such  instructions  have been  delivered  to the
Indenture  Trustee,  by check to such Noteholder mailed to such Holder's address
as it appears in the Note Register the amount required to be distributed to such
Holder on such  Payment Date  pursuant to such  Holder's  Securities;  provided,
however,  that the  Indenture  Trustee  shall not pay to such Holders any amount
required to be withheld from a payment to such Holder by the Code.

         (b) The  principal of each Note shall be due and payable in full on the
Final  Scheduled  Payment  Date for such Note as provided in the related form of
Note set forth in Exhibits  A-1 and A-2. All  principal  payments on each of the
Term Notes and the Variable  Funding Notes shall be made to the  Noteholders  of
such  Class  entitled  thereto  in  accordance  with  the  Percentage  Interests
represented by such Notes.  Upon written notice to the Indenture  Trustee by the
Issuer,  the  Indenture  Trustee shall notify the Person in whose name a Note is
registered  at the close of  business  on the Record  Date  preceding  the Final
Scheduled Payment Date or other final Payment

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Date. Such notice shall be mailed no later than five Business Days prior to such
Final Scheduled  Payment Date or other final Payment Date and shall specify that
payment of the  principal  amount and any interest due with respect to such Note
at the Final Scheduled  Payment Date or other final Payment Date will be payable
only upon  presentation  and  surrender of such Note and shall specify the place
where such Note may be presented and surrendered for such final payment.

         Section 3.06. Protection of Trust Estate. (a) The Issuer will from time
to time execute and deliver all such  supplements and amendments  hereto and all
such  financing  statements,  continuation  statements,  instruments  of further
assurance and other  instruments,  and will take such other action  necessary or
advisable to:

               (i) maintain or preserve the lien and security  interest (and the
          priority  thereof) of this Indenture or carry out more effectively the
          purposes hereof;

               (ii)  perfect,  publish  notice of or protect the validity of any
          Grant made or to be made by this Indenture;


               (iii)  cause the  1996-HS3  LLC to enforce  any of the  Revolving
          Credit Loans; or

                        (iv)  preserve  and defend title to the Trust Estate and
         the rights of the Indenture  Trustee and the  Noteholders in such Trust
         Estate against the claims of all persons and parties.

         (b) Except as  otherwise  provided  in this  Indenture,  the  Indenture
Trustee  shall not remove any portion of the Trust Estate that consists of money
or is  evidenced  by an  instrument,  certificate  or  other  writing  from  the
jurisdiction  in which it was held at the  date of the most  recent  Opinion  of
Counsel delivered pursuant to Section 3.07 (or from the jurisdiction in which it
was held as  described  in the Opinion of Counsel  delivered at the Closing Date
pursuant to Section  3.07(a),  if no Opinion of Counsel  has yet been  delivered
pursuant to Section  3.07(b))  unless the Trustee  shall have first  received an
Opinion of Counsel to the effect that the lien and security  interest created by
this  Indenture  with respect to such  property  will  continue to be maintained
after giving effect to such action or actions.

         The  Issuer  hereby  designates  the  Indenture  Trustee  its agent and
attorney-in-fact to execute any financing statement,  continuation  statement or
other instrument required to be executed pursuant to this Section 3.06.

         Section 3.07. Opinions as to Trust Estate. (a) On the Closing Date, the
Issuer shall furnish to the  Indenture  Trustee and the Owner Trustee an Opinion
of Counsel at the expense of the Issuer  either  stating that, in the opinion of
such  counsel,  such  action has been taken with  respect to the  recording  and
filing of this  Indenture,  any indentures  supplemental  hereto,  and any other
requisite  documents,  and with  respect  to the  execution  and  filing  of any
financing  statements and continuation  statements,  as are necessary to perfect
and make  effective  the lien and  security  interest  in the Class A  Ownership
Interest and reciting the details of such action,

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or stating that, in the opinion of such counsel,  no such action is necessary to
make such lien and security interest effective.

         (b) On or before  December  31st in each  calendar  year,  beginning in
1996, the Issuer shall furnish to the Indenture Trustee an Opinion of Counsel at
the expense of the Issuer  either  stating that, in the opinion of such counsel,
such action has been taken with respect to the recording,  filing,  re-recording
and refiling of this Indenture, any indentures supplemental hereto and any other
requisite  documents  and  with  respect  to the  execution  and  filing  of any
financing statements and continuation statements as is necessary to maintain the
lien and  security  interest in the Class A Ownership  Interest and reciting the
details of such action or stating  that in the  opinion of such  counsel no such
action is necessary to maintain such lien and security interest. Such Opinion of
Counsel shall also describe the recording,  filing, re-recording and refiling of
this  Indenture,  any  indentures  supplemental  hereto and any other  requisite
documents  and  the  execution  and  filing  of  any  financing  statements  and
continuation  statements that will, in the opinion of such counsel,  be required
to maintain  the lien and  security  interest in the Class A Ownership  Interest
until December 31 in the following calendar year.

               Section 3.08.  Performance of Obligations;  Servicing  Agreement.
          (a)  The  Issuer  will  punctually  perform  and  observe  all  of its
          obligations  and  agreements  contained in this  Indenture,  the Basic
          Documents and in the instruments and agreements  included in the Trust
          Estate.

         (b) The  Issuer  may  contract  with  other  Persons  to  assist  it in
performing its duties under this  Indenture,  and any performance of such duties
by a Person identified to the Indenture  Trustee in an Officer's  Certificate of
the Issuer shall be deemed to be action taken by the Issuer.

         (c) The  Issuer  will not take any  action or permit  any  action to be
taken by  others  which  would  release  any  Person  from any of such  Person's
covenants  or  obligations  under any of the  documents  relating to the Class A
Ownership  Interest or under any  instrument  included in the Trust  Estate,  or
which would result in the amendment, hypothecation,  subordination,  termination
or  discharge  of,  or impair  the  validity  or  effectiveness  of,  any of the
documents relating to the Revolving Credit Loans or any such instrument,  except
such  actions as the  Master  Servicer  is  expressly  permitted  to take in the
Servicing Agreement.

         (d) The Issuer may retain an administrator and may enter into contracts
with other Persons for the  performance of the Issuer's  obligations  hereunder,
and  performance  of such  obligations  by such  Persons  shall be  deemed to be
performance of such obligations by the Issuer.

               Section  3.09.  Negative  Covenants.  So  long as any  Notes  are
          Outstanding, the Issuer shall not:

               (i)  except  as  expressly  permitted  by this  Indenture,  sell,
          transfer,  exchange or otherwise  dispose of the Trust Estate,  unless
          directed to do so by the Indenture Trustee;

                        (ii) claim any credit on, or make any deduction from the
         principal  or  interest  payable in respect  of, the Notes  (other than
         amounts properly  withheld from such payments under the Code) or assert
         any claim against any present or former Noteholder

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by reason of the payment of the taxes  levied or  assessed  upon any part of the
Trust Estate;

                       (iii) (A) permit the  validity or  effectiveness  of this
         Indenture  to be impaired,  or permit the lien of this  Indenture to be
         amended,  hypothecated,  subordinated,  terminated  or  discharged,  or
         permit any Person to be released from any covenants or obligations with
         respect to the Notes under this  Indenture  except as may be  expressly
         permitted hereby, (B) permit any lien, charge,  excise, claim, security
         interest,  mortgage or other  encumbrance  (other than the lien of this
         Indenture)  to be  created on or extend to or  otherwise  arise upon or
         burden the Trust Estate or any part thereof or any interest  therein or
         the proceeds  thereof or (C) permit the lien of this  Indenture  not to
         constitute  a valid  first  priority  security  interest  in the  Trust
         Estate; or

                        (iv) waive or impair,  or fail to assert  rights  under,
         the Class A Ownership  Interest,  or impair or cause to be impaired the
         Class A Ownership  Interest in the 1996- HS3 LLC or the 1996-HS3  LLC's
         interest in the  Revolving  Credit  Loans,  the  Revolving  Credit Loan
         Purchase  Agreement or in any Basic Document,  if any such action would
         materially and adversely affect the interests of the Noteholders.

         Section  3.10.  Annual  Statement  as to  Compliance.  The Issuer  will
deliver to the Indenture  Trustee,  within 120 days after the end of each fiscal
year of the  Issuer  (commencing  with  the  fiscal  year  1996),  an  Officer's
Certificate  stating,  as to  the  Authorized  Officer  signing  such  Officer's
Certificate, that:

                         (i) a review of the  activities  of the  Issuer  during
         such year and of its  performance  under this  Indenture  and the Trust
         Agreement has been made under such  Authorized  Officer's  supervision;
         and

                        (ii) to the best of such Authorized Officer's knowledge,
         based on such review,  the Issuer has complied with all  conditions and
         covenants  under  this  Indenture  and  the  provisions  of  the  Trust
         Agreement  throughout such year, or, if there has been a default in its
         compliance  with any such condition or covenant,  specifying  each such
         default  known to such  Authorized  Officer  and the  nature and status
         thereof.

         Section 3.11.  Recording of  Assignments.  The Issuer shall enforce the
obligation of the Seller under the Revolving  Credit Loan Purchase  Agreement to
submit or cause to be  submitted  for  recording  all  Assignments  of Mortgages
within 60 days of receipt of recording information by the Master Servicer.

         Section 3.12.  Representations and Warranties  Concerning the Revolving
Credit  Loans.  The  Indenture  Trustee,  as  pledgee  of the Class A  Ownership
Interest,  has the benefit of the  representations  and  warranties  made by the
Seller in  Section  3.1(a)  and  Section  3.1(b) of the  Revolving  Credit  Loan
Purchase  Agreement  concerning  the  Revolving  Credit  Loans  and the right to
enforce the  remedies  against the Seller  provided  in such  Section  3.1(a) or
Section 3.1(b) to the same extent as though such  representations and warranties
were made directly to the Indenture Trustee.


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<PAGE>



         Section 3.13.  Assignee of Record of the Mortgage Loans. The Issuer, as
Managing  Member  of and on behalf  of the  1996-HS3  LLC,  hereby  directs  and
authorizes  the Indenture  Trustee to hold record title to the Revolving  Credit
Loans by being  named as payee in the  endorsements  of the  Mortgage  Notes and
assignee in the  Assignments of Mortgage to be recorded under Section 2.1 of the
Revolving Credit Loan Purchase  Agreement.  Except as expressly  provided in the
Revolving  Credit Loan  Purchase  Agreement or in the Servicing  Agreement  with
respect to any specific  Revolving Credit Loan, the Indenture  Trustee shall not
execute any  endorsement  or  assignment  or otherwise  release or transfer such
record  title  to any of the  Revolving  Credit  Loans  until  such  time as the
remaining  Trust  Estate  may be  released  pursuant  to  Section  8.05(b).  The
Indenture  Trustee's  holding of such  record  title  shall in all  respects  be
subject to its fiduciary obligations to the Noteholders hereunder.

         Section  3.14.  Master  Servicer  as Agent  and  Bailee  of the Class A
Ownership Interest Holder. Solely for purposes of perfection under Section 9-305
of the  Uniform  Commercial  Code  or  other  similar  applicable  law,  rule or
regulation of the state in which such  property is held by the Master  Servicer,
the Indenture Trustee hereby  acknowledges that the Master Servicer is acting as
agent and bailee of the Class A Ownership  Interest holder in holding amounts on
deposit in the  Custodial  Account  pursuant  to Section  3.02 of the  Servicing
Agreement that are allocable to the Class A Ownership  Interest,  as well as its
agent and  bailee in  holding  any  Related  Documents  released  to the  Master
Servicer pursuant to Section 3.06(c) of the Servicing  Agreement,  and any other
items  constituting a part of the Trust Estate which from time to time come into
the  possession  of the Master  Servicer.  It is  intended  that,  by the Master
Servicer's  acceptance of such agency  pursuant to Section 3.02 of the Servicing
Agreement,  the  Indenture  Trustee,  as a  pledgee  of the  Class  A  Ownership
Interest,  will be deemed to have  possession  of such Related  Documents,  such
monies  and such  other  items for  purposes  of  Section  9-305 of the  Uniform
Commercial  Code of the  state  in which  such  property  is held by the  Master
Servicer.

         Section  3.15.  Investment  Company Act. The Issuer shall not become an
"investment  company" or under the "control" of an "investment  company" as such
terms are  defined in the  Investment  Company  Act of 1940,  as amended (or any
successor  or  amendatory  statute),  and the rules and  regulations  thereunder
(taking into  account not only the general  definition  of the term  "investment
company"  but  also  any  available  exceptions  to  such  general  definition);
provided, however, that the Issuer shall be in compliance with this Section 3.15
if  it  shall  have  obtained  an  order  exempting  it  from  regulation  as an
"investment  company" so long as it is in compliance with the conditions imposed
in such order.

               Section 3.16.  Issuer May Consolidate,  etc. (a) The Issuer shall
          not consolidate or merge with or into any other Person, unless:

                         (i) the Person (if other than the Issuer)  formed by or
         surviving such  consolidation or merger shall be a Person organized and
         existing under the laws of the United States of America or any state or
         the District of Columbia and shall  expressly  assume,  by an indenture
         supplemental  hereto,  executed and delivered to the Indenture Trustee,
         in form reasonably  satisfactory to the Indenture Trustee,  the due and
         punctual  payment of the  principal of and interest on all Notes and to
         the Certificate Paying Agent, on behalf of the  Certificateholders  and
         the performance or observance of every agreement

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<PAGE>



and  covenant of this  Indenture  on the part of the Issuer to be  performed  or
observed, all as provided herein;

               (ii)  immediately  after giving  effect to such  transaction,  no
          Event of Default shall have occurred and be continuing;

                       (iii) the Issuer receives  consent of the Credit Enhancer
         and the Rating  Agencies  shall  have  notified  the  Issuer  that such
         transaction shall not cause the rating of the Notes or the Certificates
         to be reduced,  suspended or withdrawn  or to be  considered  by either
         Rating Agency to be below  investment grade without taking into account
         the Credit Enhancement Instrument;

                        (iv) the  Issuer  shall  have  received  an  Opinion  of
         Counsel  (and  shall have  delivered  copies  thereof to the  Indenture
         Trustee and the Credit  Enhancer)  to the effect that such  transaction
         will not have any material  adverse tax consequence to the Issuer,  any
         Noteholder or any Certificateholder;

               (v) any  action  that is  necessary  to  maintain  the  lien  and
          security interest created by this Indenture shall have been taken; and

                        (vi) the Issuer shall have  delivered  to the  Indenture
         Trustee an Officer's Certificate and an Opinion of Counsel each stating
         that such  consolidation  or  merger  and such  supplemental  indenture
         comply with this Article III and that all conditions  precedent  herein
         provided  for  relating to such  transaction  have been  complied  with
         (including any filing required by the Exchange Act).

         (b) The Issuer  shall not convey or transfer any of its  properties  or
assets, including those included in the Trust Estate, to any Person, unless:

                         (i) the Person that  acquires by conveyance or transfer
         the  properties  and assets of the Issuer the conveyance or transfer of
         which is hereby  restricted  shall (A) be a United States  citizen or a
         Person  organized  and existing  under the laws of the United States of
         America  or  any  state,  (B)  expressly   assumes,   by  an  indenture
         supplemental  hereto,  executed and delivered to the Indenture Trustee,
         in form  satisfactory  to the Indenture  Trustee,  the due and punctual
         payment  of  the  principal  of  and  interest  on all  Notes  and  the
         performance  or  observance  of every  agreement  and  covenant of this
         Indenture on the part of the Issuer to be performed or observed, all as
         provided  herein,  (C) expressly  agrees by means of such  supplemental
         indenture that all right, title and interest so conveyed or transferred
         shall be subject and subordinate to the rights of Holders of the Notes,
         (D) unless otherwise provided in such supplemental indenture, expressly
         agrees to indemnify,  defend and hold  harmless the Issuer  against and
         from any loss,  liability or expense  arising  under or related to this
         Indenture  and the  Notes  and (E)  expressly  agrees  by means of such
         supplemental indenture that such Person (or if a group of Persons, than
         one specified  Person) shall make all filings with the Commission  (and
         any  other  appropriate   Person)  required  by  the  Exchange  Act  in
         connection with the Notes;


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<PAGE>



               (ii)  immediately  after giving  effect to such  transaction,  no
          Default or Event of Default shall have occurred and be continuing;

                       (iii) the Issuer receives  consent of the Credit Enhancer
         and the Rating  Agencies  shall  have  notified  the  Issuer  that such
         transaction shall not cause the rating of the Notes or the Certificates
         to be reduced, suspended or withdrawn, if determined, without regard to
         the Credit Enhancement Instrument;

                        (iv) the  Issuer  shall  have  received  an  Opinion  of
         Counsel  (and  shall have  delivered  copies  thereof to the  Indenture
         Trustee) to the effect that such transaction will not have any material
         adverse tax consequence to the Issuer or any Noteholder;

               (v) any  action  that is  necessary  to  maintain  the  lien  and
          security interest created by this Indenture shall have been taken; and

                        (vi) the Issuer shall have  delivered  to the  Indenture
         Trustee an Officer's Certificate and an Opinion of Counsel each stating
         that such conveyance or transfer and such supplemental indenture comply
         with this Article III and that all conditions precedent herein provided
         for relating to such transaction have been complied with (including any
         filing required by the Exchange Act).

         Section 3.17.  Successor or Transferee.  (a) Upon any  consolidation or
merger of the Issuer in accordance with Section 3.16(a), the Person formed by or
surviving such  consolidation or merger (if other than the Issuer) shall succeed
to, and be  substituted  for,  and may  exercise  every  right and power of, the
Issuer  under this  Indenture  with the same  effect as if such  Person had been
named as the Issuer herein.

         (b) Upon a conveyance  or transfer of all the assets and  properties of
the Issuer pursuant to Section  3.16(b),  the Issuer will be released from every
covenant and agreement of this Indenture to be observed or performed on the part
of the Issuer with respect to the Notes immediately upon the delivery of written
notice to the Indenture Trustee of such conveyance or transfer.

         Section  3.18.  No Other  Business.  The Issuer shall not engage in any
business other than financing,  purchasing,  owning and selling and managing the
Class A Ownership Interest and the issuance of the Notes and Certificates in the
manner contemplated by this Indenture and the Basic Documents and all activities
incidental thereto.

               Section 3.19. No  Borrowing.  The Issuer shall not issue,  incur,
          assume,  guarantee or otherwise become liable, directly or indirectly,
          for any indebtedness except for the Notes.

         Section 3.20. Guarantees, Loans, Advances and Other Liabilities. Except
as contemplated by this Indenture or the Basic  Documents,  the Issuer shall not
make any loan or advance or credit to, or guarantee  (directly or  indirectly or
by an instrument having the effect of assuring  another's payment or performance
on any obligation or capability of so doing or otherwise),  endorse or otherwise
become  contingently  liable,  directly or  indirectly,  in connection  with the
obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or
agree

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<PAGE>



contingently to do so) any stock,  obligations,  assets or securities of, or any
other interest in, or make any capital contribution to, any other Person.

               Section 3.21. Capital Expenditures. The Issuer shall not make any
          expenditure  (by  long-  term or  operating  lease or  otherwise)  for
          capital assets (either realty or personalty).

         Section  3.22.  Owner  Trustee Not Liable for  Certificates  or Related
Documents. The recitals contained herein shall be taken as the statements of the
Depositor,  and the Owner Trustee assumes no responsibility  for the correctness
thereof.  The Owner  Trustee  makes no  representations  as to the  validity  or
sufficiency  of this  Indenture,  of any Basic  Document or of the  Certificates
(other than the  signatures  of the Owner  Trustee on the  Certificates)  or the
Notes, or of any Related Documents.  The Owner Trustee shall at no time have any
responsibility  or liability with respect to the  sufficiency of the Owner Trust
Estate  or  its  ability  to  generate  the  payments  to  be   distributed   to
Certificateholders  under the Trust  Agreement  or the  Noteholders  under  this
Indenture,  including,  the  compliance  by the Depositor or the Seller with any
warranty  or  representation  made under any Basic  Document  or in any  related
document or the accuracy of any such warranty or  representation,  or any action
of the  Certificate  Paying Agent,  the  Certificate  Registrar or the Indenture
Trustee taken in the name of the Owner Trustee.

         Section 3.23.  Restricted  Payments.  The Issuer shall not, directly or
indirectly,  (i) pay any  dividend or make any  distribution  (by  reduction  of
capital or otherwise),  whether in cash,  property,  securities or a combination
thereof,  to the Owner  Trustee  or any owner of a  beneficial  interest  in the
Issuer or otherwise with respect to any ownership or equity interest or security
in or of the Issuer,  (ii) redeem,  purchase,  retire or  otherwise  acquire for
value any such  ownership  or equity  interest or security or (iii) set aside or
otherwise segregate any amounts for any such purpose;  provided,  however,  that
the Issuer may make, or cause to be made, (x) distributions to the Owner Trustee
and the  Certificateholders  as  contemplated  by, and to the  extent  funds are
available  for such purpose  under the Trust  Agreement  and (y) payments to the
Master  Servicer  pursuant to the terms of the Servicing  Agreement.  The Issuer
will not,  directly or indirectly,  make payments to or  distributions  from the
Custodial  Account  except  in  accordance  with  this  Indenture  and the Basic
Documents.

         Section  3.24.  Notice of Events of Default.  The Issuer shall give the
Indenture  Trustee,  the Credit  Enhancer and the Rating Agencies prompt written
notice of each Event of Default hereunder and under the Trust Agreement.

         Section  3.25.  Further  Instruments  and  Acts.  Upon  request  of the
Indenture Trustee,  the Issuer will execute and deliver such further instruments
and do such further acts as may be  reasonably  necessary or proper to carry out
more effectively the purpose of this Indenture.

         Section 3.26.  Statements  to  Noteholders.  On each Payment Date,  the
Indenture  Trustee and the  Certificate  Registrar shall forward by mail to each
Noteholder and Certificateholder,  respectively,  the Statement delivered to it,
on the Business Day following the related Determination Date pursuant to Section
4.01 of the Servicing Agreement.

               Section 3.27. Determination of Note Rate and Certificate Rate. On
          the second LIBOR  Business Day  immediately  preceding (i) the Closing
          Date in the case of the first Interest Period
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<PAGE>



and (ii) the first day of each succeeding Interest Period, the Indenture Trustee
shall  determine  LIBOR  and the  Note  Rate and the  Certificate  Rate for such
Interest  Period  and shall  inform the  Issuer,  the  Master  Servicer  and the
Depositor at their respective  facsimile  numbers given to the Indenture Trustee
in writing thereof.

         Section 3.28. Payments under the Credit Enhancement Instrument.  (a) On
any  Payment  Date,  the  Indenture  Trustee  shall  make a draw  on the  Credit
Enhancement  Instrument in an amount if any equal to the Credit Enhancement Draw
Amount. For purposes of the foregoing,  amounts in the Payment Account available
for  interest  distributions  on any Payment Date shall be deemed to include all
amounts  distributed  on the Class A Ownership  Interest for such Payment  Date,
other than the Principal Collection Distribution Amount and the Liquidation Loss
Distribution  Amount (if any) distributed  thereon.  On any Dissolution  Payment
Date,  the  Indenture  Trustee  shall  make a draw  on  the  Credit  Enhancement
Instrument in an amount, if any, equal to the Dissolution Draw. In addition,  on
the Final Scheduled Payment Date, the Indenture Trustee shall make a draw on the
Credit  Enhancement  Instrument in the amount by which the Security  Balances on
the  Securities  exceeds  the  payments  otherwise  available  to be made to the
Holders thereof on the Final Scheduled Payment Date.

         (b) The Indenture  Trustee shall submit,  if a Credit  Enhancement Draw
Amount or Dissolution  Draw is specified in any Statement to Holders prepared by
the Master  Servicer  pursuant to Section 4.01 of the Servicing  Agreement,  the
Notice of  NonPayment  and Demand for  Payment of Insured  Amounts  (in the form
attached as Exhibit A to the Credit Enhancement Instrument) in the amount of the
Credit  Enhancement  Draw Amount or Dissolution  Draw to the Credit  Enhancer no
later than 2:00 P.M.,  New York City time,  on the second  Business Day prior to
the applicable Payment Date. Upon receipt of such Credit Enhancement Draw Amount
or  Dissolution  Draw in  accordance  with the terms of the  Credit  Enhancement
Instrument,  the Indenture  Trustee shall deposit such Credit  Enhancement  Draw
Amount  or  Dissolution   Draw  in  the  Payment  Account  for  distribution  to
Noteholders  and to the Certificate  Paying Agent on behalf of the  Certificates
pursuant to Section 3.05.

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                                   ARTICLE IV

               The Notes; Satisfaction and Discharge of Indenture

         Section 4.01. The Notes;  Increase of Maximum Variable Funding Balance;
Variable  Funding Notes. (a) The Term Notes shall be registered in the name of a
nominee  designated by the Depository.  Beneficial Owners will hold interests in
the Term Notes through the  book-entry  facilities of the  Depository in minimum
initial Security  Balances of $1,000 and integral  multiples of $1,000 in excess
thereof.  The Capped  Funding  Notes will be issued as  physical  notes in fully
registered  form in minimum  initial  Security  Balances of $10,000 and integral
multiples  of $1,000 in excess  thereof,  together  with any  additional  amount
necessary  to cover (i) the  aggregate  initial  Security  Balance of the Capped
Funding Notes  surrendered  at the time of the initial  denominational  exchange
thereof (with such initial  Security Balance in each case being deemed to be the
Security  Balance  of the  Capped  Funding  Notes  at the  time of such  initial
denominational  exchange thereof) or (ii) the aggregate initial Security Balance
of any Capped  Funding Notes issued in an exchange  described in subsection  (d)
below.

         The  Indenture  Trustee may for all purposes  (including  the making of
payments  due  on  the  Notes)  deal  with  the  Depository  as  the  authorized
representative  of the Beneficial  Owners with respect to the Term Notes for the
purposes of exercising the rights of Holders of Term Notes hereunder.  Except as
provided in the next  succeeding  paragraph of this Section 4.01,  the rights of
Beneficial  Owners  with  respect  to the Term  Notes  shall be limited to those
established  by law  and  agreements  between  such  Beneficial  Owners  and the
Depository  and  Depository  Participants.  Except as provided in Section  4.08,
Beneficial Owners shall not be entitled to definitive  certificates for the Term
Notes as to which they are the Beneficial Owners.  Requests and directions from,
and votes of, the  Depository  as Holder of the Term  Notes  shall not be deemed
inconsistent if they are made with respect to different  Beneficial  Owners. The
Indenture  Trustee may  establish a reasonable  record date in  connection  with
solicitations  of consents from or voting by Noteholders  and give notice to the
Depository  of such  record  date.  Without  the  consent  of the Issuer and the
Indenture Trustee, no Term Note may be transferred by the Depository except to a
successor  Depository  that  agrees  to hold such  Note for the  account  of the
Beneficial Owners.

         In the event the  Depository  Trust  Company  resigns  or is removed as
Depository,  the Indenture Trustee with the approval of the Issuer may appoint a
successor  Depository.  If no successor  Depository has been appointed within 30
days of the effective  date of the  Depository's  resignation  or removal,  each
Beneficial  Owner shall be entitled to  certificates  representing  the Notes it
beneficially owns in the manner prescribed in Section 4.08.

         The Notes shall, on original issue, be executed on behalf of the Issuer
by the  Owner  Trustee,  not in its  individual  capacity  but  solely  as Owner
Trustee,  authenticated  by the Note  Registrar  and  delivered by the Indenture
Trustee to or upon the order of the Issuer.

         (b) On  each  Payment  Date,  the  aggregate  Security  Balance  of the
Variable  Funding  Notes shall be  increased by an amount equal to 92.00% of the
Additional  Balance  Differential for such Payment Date,  subject to the Maximum
Variable Funding Note Balance and the terms and conditions set forth below.

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         (c) The Variable Funding Note issued on the Closing Date shall bear the
Designation  "VFN-1" and each new  Variable  Funding  Note will bear  sequential
numerical designations in the order of their issuance.

         (d) In addition  to the  foregoing,  if at any time a Variable  Funding
Note has a Security Balance of at least $10,000,  such Variable Funding Note may
be exchanged  pursuant to Section 4.02 for (i) one or more Capped  Funding Notes
in minimum  denominations as set forth in subsection (a) above, which shall bear
the designation  "Capped" in addition to any other applicable  designation,  and
(ii) a new Variable Funding Note having an initial Security Balance equal to the
excess of the  outstanding  Security  Balance of the  Variable  Funding  Note so
surrendered  over the  initial  Security  Balances of the Capped  Funding  Notes
referred to in clause (i) above.

         Section 4.02.  Registration of and Limitations on Transfer and Exchange
of Notes;  Appointment  of Certificate  Registrar.  The Issuer shall cause to be
kept at the Indenture Trustee's Corporate Trust Office a Note Register in which,
subject to such reasonable  regulations as it may prescribe,  the Note Registrar
shall  provide for the  registration  of Notes and of transfers and exchanges of
Notes as herein provided.

         Subject to the  restrictions  and  limitations  set forth  below,  upon
surrender  for  registration  of  transfer  of any Note at the  Corporate  Trust
Office,  the Issuer shall execute and the Note Registrar shall  authenticate and
deliver,  in the name of the designated  transferee or transferees,  one or more
new Notes in authorized initial Security Balances  evidencing the same aggregate
Percentage Interests.

         No Variable  Funding Note,  other than any Capped Funding Notes, may be
transferred. Subject to the provisions set forth below, Capped Funding Notes may
be transferred,  provided that with respect to the initial  transfer  thereof by
the Seller prior written  notification of such transfer shall have been given to
the Rating Agencies and to the Credit Enhancer by the Seller.

         No transfer, sale, pledge or other disposition of a Capped Funding Note
shall be made unless such transfer,  sale, pledge or other disposition is exempt
from the  registration  requirements  of the Securities Act of 1933, as amended,
and any applicable  state securities laws or is made in accordance with said Act
and laws. In the event of any such transfer, the Indenture Trustee or the Issuer
shall require the  transferee to execute  either (i)(a) an investment  letter in
substantially  the  form  attached  hereto  as  Exhibit  B (or in such  form and
substance reasonably satisfactory to the Indenture Trustee and the Issuer) which
investment letters shall not be an expense of the Trust, the Owner Trustee,  the
Indenture  Trustee,  the Master Servicer,  the Depositor or the Issuer and which
investment  letter states that,  among other things,  such  transferee  (a) is a
"qualified  institutional  buyer" as defined under Rule 144A, acting for its own
account or the  accounts of other  "qualified  institutional  buyers" as defined
under Rule 144A, and (b) is aware that the proposed  transferor  intends to rely
on the exemption  from  registration  requirements  under the  Securities Act of
1933, as amended,  provided by Rule 144A or (ii)(a) a written Opinion of Counsel
(which  may  be  in-house  counsel)  acceptable  to and in  form  and  substance
reasonably  satisfactory  to the  Indenture  Trustee  and the  Issuer  that such
transfer  may be  made  pursuant  to an  exemption,  describing  the  applicable
exemption  and the  basis  therefor,  from  said Act and  laws or is being  made
pursuant to said Act and laws, which Opinion of

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Counsel shall not be an expense of the  Indenture  Trustee or the Issuer and (b)
the Indenture Trustee shall require the transferee executes an investment letter
in  substantially  the form of  Exhibit C hereto and the  transferor  executes a
representation letter,  substantially in the form of Exhibit D hereto acceptable
to and in form and  substance  reasonably  satisfactory  to the  Issuer  and the
Indenture  Trustee  certifying to the Issuer and the Indenture Trustee the facts
surrounding such transfer,  which  investment  letter shall not be an expense of
the  Indenture  Trustee  or the  Issuer.  The  Holder of a Capped  Funding  Note
desiring to effect such transfer shall,  and does hereby agree to, indemnify the
Indenture  Trustee the Credit Enhancer and the Issuer against any liability that
may result if the  transfer is not so exempt or is not made in  accordance  with
such federal and state laws.  Notwithstanding the foregoing,  the restriction of
transfer  specified in this  paragraph is not  applicable to any Capped  Funding
Notes that have been  registered  under the  Securities  Act of 1933 pursuant to
Section 2.4 of the Revolving Credit Loan Purchase Agreement.

         Subject to the foregoing,  at the option of the Noteholders,  Notes may
be exchanged for other Notes of like tenor,  in each case in authorized  initial
Security  Balances  evidencing  the same  aggregate  Percentage  Interests  upon
surrender of the Notes to be exchanged at the Corporate Trust Office of the Note
Registrar.  With respect to any  surrender of Capped  Funding Notes for exchange
the new Notes delivered in exchange therefor will bear the designation  "Capped"
in  addition to any other  applicable  designations.  Whenever  any Notes are so
surrendered  for  exchange,  the  Indenture  Trustee  shall execute and the Note
Registrar shall  authenticate and deliver the Notes which the Noteholder  making
the  exchange is entitled to receive.  Each Note  presented or  surrendered  for
registration  of  transfer  or  exchange  shall  (if so  required  by  the  Note
Registrar) be duly  endorsed by, or be  accompanied  by a written  instrument of
transfer in form reasonably satisfactory to the Note Registrar duly executed by,
the  Holder  thereof  or his  attorney  duly  authorized  in  writing  with such
signature  guaranteed by a commercial  bank or trust company located or having a
correspondent  located in the city of New York.  Notes  delivered  upon any such
transfer or exchange will evidence the same obligations, and will be entitled to
the same rights and privileges, as the Notes surrendered.

         No service  charge  shall be made for any  registration  of transfer or
exchange  of  Notes,  but the Note  Registrar  shall  require  payment  of a sum
sufficient  to cover  any tax or  governmental  charge  that may be  imposed  in
connection with any registration of transfer or exchange of Notes.

         All Notes  surrendered for  registration of transfer and exchange shall
be cancelled by the Note  Registrar and  delivered to the Indenture  Trustee for
subsequent destruction without liability on the part of either.

         The  Issuer  hereby  appoints  the  Indenture  Trustee  as  Certificate
Registrar to keep at its Corporate Trust Office a Certificate  Register pursuant
to Section  3.09 of the Trust  Agreement  in which,  subject to such  reasonable
regulations as it may prescribe, the Certificate Registrar shall provide for the
registration of Certificates and of transfers and exchanges  thereof pursuant to
Section 3.05 of the Trust Agreement.  The Indenture  Trustee hereby accepts such
appointment.


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         Section 4.03.  Mutilated,  Destroyed,  Lost or Stolen Notes. If (i) any
mutilated Note is surrendered to the Indenture Trustee, or the Indenture Trustee
receives  evidence to its satisfaction of the destruction,  loss or theft of any
Note,  and (ii) there is delivered  to the  Indenture  Trustee such  security or
indemnity as may be required by it to hold the Issuer and the Indenture  Trustee
harmless,  then, in the absence of notice to the Issuer,  the Note  Registrar or
the Indenture Trustee that such Note has been acquired by a bona fide purchaser,
and  provided  that the  requirements  of Section  8-405 of the UCC are met, the
Issuer  shall  execute,  and  upon  its  request  the  Indenture  Trustee  shall
authenticate  and  deliver,  in exchange  for or in lieu of any such  mutilated,
destroyed,  lost or stolen Note, a replacement Note of the same class; provided,
however,  that if any such  destroyed,  lost or stolen Note, but not a mutilated
Note,  shall have become or within seven days shall be due and payable,  instead
of issuing a replacement Note, the Issuer may pay such destroyed, lost or stolen
Note when so due or payable without surrender thereof. If, after the delivery of
such replacement Note or payment of a destroyed, lost or stolen Note pursuant to
the proviso to the  preceding  sentence,  a bona fide  purchaser of the original
Note in lieu of which such replacement Note was issued presents for payment such
original Note, the Issuer and the Indenture Trustee shall be entitled to recover
such replacement Note (or such payment) from the Person to whom it was delivered
or any  Person  taking  such  replacement  Note  from  such  Person to whom such
replacement  Note was  delivered or any  assignee of such Person,  except a bona
fide purchaser,  and shall be entitled to recover upon the security or indemnity
provided therefor to the extent of any loss, damage, cost or expense incurred by
the Issuer or the Indenture Trustee in connection therewith.

         Upon the issuance of any replacement  Note under this Section 4.03, the
Issuer may require the payment by the Holder of such Note of a sum sufficient to
cover any tax or other  governmental  charge  that may be  imposed  in  relation
thereto and any other  reasonable  expenses  (including the fees and expenses of
the Indenture Trustee) connected therewith.

         Every  replacement  Note  issued  pursuant  to  this  Section  4.03  in
replacement of any mutilated, destroyed, lost or stolen Note shall constitute an
original  additional  contractual  obligation of the Issuer,  whether or not the
mutilated,  destroyed,  lost or stolen Note shall be at any time  enforceable by
anyone,  and shall be entitled to all the benefits of this Indenture equally and
proportionately with any and all other Notes duly issued hereunder.

         The  provisions of this Section 4.03 are  exclusive and shall  preclude
(to the  extent  lawful)  all other  rights  and  remedies  with  respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes.

         Section 4.04.  Persons  Deemed  Owners.  Prior to due  presentment  for
registration of transfer of any Note, the Issuer,  the Indenture Trustee and any
agent of the Issuer or the Indenture  Trustee may treat the Person in whose name
any Note is  registered  (as of the day of  determination)  as the owner of such
Note for the purpose of receiving payments of principal of and interest, if any,
on such Note and for all other purposes whatsoever,  whether or not such Note be
overdue,  and  neither the Issuer,  the  Indenture  Trustee nor any agent of the
Issuer or the Indenture Trustee shall be affected by notice to the contrary.

               Section 4.05.  Cancellation.  All Notes  surrendered for payment,
          registration of transfer, exchange or redemption shall, if surrendered
          to any Person other than the Indenture Trustee, be
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delivered  to the  Indenture  Trustee  and shall be  promptly  cancelled  by the
Indenture  Trustee.  The Issuer may at any time deliver to the Indenture Trustee
for  cancellation  any Notes previously  authenticated  and delivered  hereunder
which the Issuer may have  acquired in any manner  whatsoever,  and all Notes so
delivered shall be promptly cancelled by the Indenture  Trustee.  No Notes shall
be  authenticated  in lieu of or in exchange for any Notes cancelled as provided
in this Section  4.05,  except as expressly  permitted  by this  Indenture.  All
cancelled  Notes  may be  held  or  disposed  of by  the  Indenture  Trustee  in
accordance  with its standard  retention or disposal  policy as in effect at the
time unless the Issuer shall direct by an Issuer  Request that they be destroyed
or returned to it; provided however,  that such Issuer Request is timely and the
Notes have not been previously disposed of by the Indenture Trustee.

         Section 4.06. Book-Entry Notes. The Term Notes, upon original issuance,
will be issued in the form of  typewritten  Notes  representing  the  Book-Entry
Notes, to be delivered to The Depository Trust Company,  the initial Depository,
by, or on behalf of, the Issuer.  Such Term Notes shall  initially be registered
on the Note  Register  in the name of Cede & Co.,  the  nominee  of the  initial
Depository,  and no Beneficial Owner will receive a Definitive Note representing
such  Beneficial  Owner's  interest in such Note,  except as provided in Section
4.08.  Unless and until  definitive,  fully  registered  Notes (the  "Definitive
Notes") have been issued to Beneficial Owners pursuant to Section 4.08:

               (i) the  provisions  of this  Section 4.06 shall be in full force
          and effect;
                        (ii) the Note Registrar and the Indenture  Trustee shall
         be  entitled  to deal  with the  Depository  for all  purposes  of this
         Indenture  (including  the payment of  principal of and interest on the
         Notes and the giving of  instructions  or directions  hereunder) as the
         sole  holder of the Term  Notes,  and shall have no  obligation  to the
         Owners of Term Notes;

                       (iii) to the extent that the  provisions  of this Section
         4.06  conflict  with  any  other  provisions  of  this  Indenture,  the
         provisions of this Section 4.06 shall control;

                        (iv) the rights of Beneficial  Owners shall be exercised
         only through the Depository  and shall be limited to those  established
         by law  and  agreements  between  such  Owners  of Term  Notes  and the
         Depository  and/or  the  Depository  Participants.   Unless  and  until
         Definitive  Term Notes are issued pursuant to Section 4.08, the initial
         Depository  will  make   book-entry   transfers  among  the  Depository
         Participants  and receive and  transmit  payments of  principal  of and
         interest on the Notes to such Depository Participants; and

                         (v) whenever this Indenture requires or permits actions
         to be taken based upon  instructions  or  directions of Holders of Term
         Notes evidencing a specified percentage of the Security Balances of the
         Term Notes, the Depository shall be deemed to represent such percentage
         only to the extent  that it has  received  instructions  to such effect
         from  Beneficial  Owners  and/or  Depository   Participants  owning  or
         representing,  respectively, such required percentage of the beneficial
         interest in the Term Notes and has delivered such  instructions  to the
         Indenture Trustee.


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         Section  4.07.  Notices  to  Depository.  Whenever  a  notice  or other
communication to the Term Note Holders is required under this Indenture,  unless
and until  Definitive  Term Notes  shall have been issued to  Beneficial  Owners
pursuant to Section 4.08, the Indenture  Trustee shall give all such notices and
communications  specified herein to be given to Holders of the Term Notes to the
Depository, and shall have no obligation to the Beneficial Owners.

         Section 4.08. Definitive Notes. If (i) the Indenture Trustee determines
that the  Depository  is no longer  willing or able to  properly  discharge  its
responsibilities  with  respect to the Term Notes and the  Indenture  Trustee is
unable to locate a qualified  successor,  (ii) the Indenture  Trustee  elects to
terminate  the  book-entry  system  through  the  Depository  or (iii) after the
occurrence of an Event of Default,  Owners of Term Notes representing beneficial
interests  aggregating at least a majority of the Security  Balances of the Term
Notes advise the  Depository  in writing that the  continuation  of a book-entry
system  through  the  Depository  is no  longer  in the  best  interests  of the
Beneficial  Owners,  then the Depository shall notify all Beneficial  Owners and
the  Indenture  Trustee  of  the  occurrence  of  any  such  event  and  of  the
availability of Definitive Term Notes to Beneficial  Owners requesting the same.
Upon  surrender  to  the  Indenture   Trustee  of  the  typewritten  Term  Notes
representing the Book-Entry Notes by the Depository, accompanied by registration
instructions,   the  Issuer  shall  execute  and  the  Indenture  Trustee  shall
authenticate  the Definitive Term Notes in accordance  with the  instructions of
the Depository.  None of the Issuer, the Note Registrar or the Indenture Trustee
shall  be  liable  for  any  delay  in  delivery  of such  instructions  and may
conclusively  rely on, and shall be protected in relying on, such  instructions.
Upon the issuance of Definitive Notes, the Indenture Trustee shall recognize the
Holders of the Definitive Notes as Noteholders.

         Section  4.09.  Tax  Treatment.   The  Issuer  has  entered  into  this
Indenture,  and the Notes will be issued,  with the intention that, for federal,
state and local income,  single  business and franchise tax purposes,  the Notes
will qualify as  indebtedness of the Issuer.  The Issuer,  by entering into this
Indenture,  and  each  Noteholder,  by its  acceptance  of its  Note  (and  each
Beneficial  Owner by its acceptance of an interest in the applicable  Book-Entry
Note),  agree to treat the Notes for  federal,  state and local  income,  single
business and franchise tax purposes as indebtedness of the Issuer.

         Section 4.10.  Satisfaction and Discharge of Indenture.  This Indenture
shall cease to be of further  effect with  respect to the Notes except as to (i)
rights of registration of transfer and exchange, (ii) substitution of mutilated,
destroyed, lost or stolen Notes, (iii) rights of Noteholders to receive payments
of principal thereof and interest thereon, (iv) Sections 3.03, 3.04, 3.06, 3.09,
3.16, 3.18 and 3.19, (v) the rights, obligations and immunities of the Indenture
Trustee  hereunder  (including the rights of the Indenture Trustee under Section
6.07 and the  obligations of the Indenture  Trustee under Section 4.11) and (vi)
the rights of Noteholders as  beneficiaries  hereof with respect to the property
so deposited with the Indenture  Trustee  payable to all or any of them, and the
Indenture Trustee, on demand of and at the

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expense  of  the  Issuer,   shall  execute  proper   instruments   acknowledging
satisfaction and discharge of this Indenture with respect to the Notes, when

                  (A)      either

                  (1) all Notes  theretofore  authenticated and delivered (other
         than (i) Notes that have been  destroyed,  lost or stolen and that have
         been  replaced or paid as  provided in Section  4.03 and (ii) Notes for
         whose  payment  money  has  theretofore  been  deposited  in  trust  or
         segregated and held in trust by the Issuer and thereafter repaid to the
         Issuer or discharged from such trust, as provided in Section 3.03) have
         been delivered to the Indenture Trustee for cancellation; or

               (2) all Notes not theretofore  delivered to the Indenture Trustee
          for cancellation
           a.       have become due and payable,

               b. will  become due and  payable at the Final  Scheduled  Payment
          Date within one year, or

               c. have been  declared  immediately  due and payable  pursuant to
          Section 5.02.

         and  the  Issuer,  in the  case  of a.  or b.  above,  has  irrevocably
         deposited  or caused to be  irrevocably  deposited  with the  Indenture
         Trustee cash or direct obligations of or obligations  guaranteed by the
         United  States of America  (which  will  mature  prior to the date such
         amounts  are  payable),  in  trust  for  such  purpose,  in  an  amount
         sufficient to pay and discharge the entire  indebtedness  on such Notes
         and  Certificates  then  outstanding not  theretofore  delivered to the
         Indenture  Trustee  for  cancellation  when due on the Final  Scheduled
         Payment Date;

               (B) the  Issuer  has paid or  caused  to be paid all  other  sums
          payable hereunder and under the Insurance Agreement by the Issuer; and

                  (C) the Issuer has delivered to the Indenture  Trustee and the
         Credit  Enhancer an  Officer's  Certificate,  an Opinion of Counsel and
         each meeting the applicable  requirements of Section 10.01 each stating
         that all  conditions  precedent  herein  provided  for  relating to the
         satisfaction  and discharge of this  Indenture  have been complied with
         and, if the Opinion of Counsel  relates to a deposit made in connection
         with Section  4.10(A)(2)b.  above, such opinion shall further be to the
         effect  that  such  deposit  will  not have any  material  adverse  tax
         consequences to the Issuer, any Noteholders or any Certificateholders.

         Section 4.11. Application of Trust Money. All monies deposited with the
Indenture  Trustee  pursuant to Section  4.10 hereof  shall be held in trust and
applied  by it,  in  accordance  with  the  provisions  of the  Notes  and  this
Indenture,  to the  payment,  either  directly  or through  any Paying  Agent or
Certificate Paying Agent, as the Indenture Trustee may determine, to the Holders
of  Securities,  of all sums due and to become due  thereon  for  principal  and
interest; but

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<PAGE>



such  monies  need not be  segregated  from  other  funds  except to the  extent
required herein or required by law.

         Section  4.12.  Subrogation  and  Cooperation.  (a) The  Issuer and the
Indenture  Trustee  acknowledge that (i) to the extent the Credit Enhancer makes
payments under the Credit  Enhancement  Instrument on account of principal of or
interest on the Class A Ownership  Interest,  the Credit  Enhancer will be fully
subrogated  to the rights of the  holder of the Class A  Ownership  Interest  to
receive such  principal  and interest from the 1996-HS3 LLC, and (ii) the Credit
Enhancer shall be paid such principal and interest but only from the sources and
in the manner provided herein,  in the Operating  Agreement and in the Insurance
Agreement for the payment of such principal and interest.

         The  Indenture  Trustee  shall  cooperate  in  all  respects  with  any
reasonable  request by the Credit Enhancer for action to preserve or enforce the
Credit  Enhancer's  rights or interest  under this  Indenture  or the  Insurance
Agreement, consistent with this Indenture and without limiting the rights of the
Noteholders  as  otherwise  set  forth  in  the  Indenture,  including,  without
limitation, upon the occurrence and continuance of a default under the Insurance
Agreement, a request to take any one or more of the following actions:

                         (i)  institute  Proceedings  for the  collection of all
         amounts then payable on the Notes,  or under this  Indenture in respect
         to the Notes and all amounts payable under the Insurance  Agreement and
         to enforce any judgment  obtained  and collect  from the Issuer  monies
         adjudged due;

                        (ii) sell the Trust  Estate or any  portion  thereof  or
         rights or interest therein,  at one or more public or private Sales (as
         defined in Section  5.15  hereof)  called and  conducted  in any manner
         permitted by law;

               (iii) file or record  all  assignments  that have not  previously
          been recorded;

               (iv) institute  Proceedings from time to time for the complete or
          partial foreclosure of this Indenture; and

                         (v) exercise any remedies of a secured  party under the
         Uniform  Commercial  Code and  take any  other  appropriate  action  to
         protect  and enforce  the rights and  remedies  of the Credit  Enhancer
         hereunder.

                  Following  the  payment  in  full  of the  Notes,  the  Credit
Enhancer shall  continue to have all rights and privileges  provided to it under
this Section and in all other  provisions of this  Indenture,  until all amounts
owing to the Credit Enhancer have been paid in full.

         Section 4.13.  Repayment of Monies Held by Paying Agent.  In connection
with the satisfaction and discharge of this Indenture with respect to the Notes,
all monies then held by any Person other than the  Indenture  Trustee  under the
provisions of this  Indenture  with respect to such Notes shall,  upon demand of
the Issuer, be paid to the Indenture Trustee to be held and applied according to
Section 3.05 and thereupon  such Paying Agent shall be released from all further
liability with respect to such monies.

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<PAGE>




         Section  4.14.   Temporary  Notes.   Pending  the  preparation  of  any
Definitive  Notes,  the Issuer may execute and upon its written  direction,  the
Indenture  Trustee may authenticate  and make available for delivery,  temporary
Notes that are  printed,  lithographed,  typewritten,  photocopied  or otherwise
produced,  in any  denomination,  substantially  of the tenor of the  Definitive
Notes in lieu of which  they are issued  and with such  appropriate  insertions,
omissions,  substitutions  and other  variations as the officers  executing such
Notes may determine, as evidenced by their execution of such Notes.

         If temporary Notes are issued,  the Issuer will cause  Definitive Notes
to be  prepared  without  unreasonable  delay.  After  the  preparation  of  the
Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes
upon  surrender of the temporary  Notes at the office or agency of the Indenture
Trustee,  without charge to the Holder.  Upon surrender for  cancellation of any
one or more temporary Notes, the Issuer shall execute and the Indenture  Trustee
shall  authenticate  and make  available  for  delivery,  in exchange  therefor,
Definitive  Notes of  authorized  denominations  and of like tenor and aggregate
principal amount. Until so exchanged, such temporary Notes shall in all respects
be entitled to the same benefits under this Indenture as Definitive Notes.

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<PAGE>



                                    ARTICLE V

                              Default and Remedies

         Section  5.01.  Events of  Default.  The  Issuer  shall  deliver to the
Indenture  Trustee and the Credit  Enhancer,  within five days after learning of
the  occurrence  any event which with the giving of notice and the lapse of time
would become an Event of Default under clause (iii) of the  definition of "Event
of Default" written notice in the form of an Officer's Certificate of its status
and what action the Issuer is taking or proposes to take with respect thereto.

         Section 5.02. Acceleration of Maturity; Rescission and Annulment. If an
Event of Default should occur and be continuing or if the Master  Servicer shall
purchase  all of the  Revolving  Credit  Loans  pursuant to Section  8.08 of the
Servicing  Agreement,  then and in every such case the Indenture  Trustee or the
Holders of Notes  representing not less than a majority of the Security Balances
of all Notes with the  written  consent of the  Credit  Enhancer,  or the Credit
Enhancer may declare the Notes to be immediately due and payable, by a notice in
writing to the Issuer (and to the  Indenture  Trustee if given by  Noteholders),
and upon any such  declaration  the  unpaid  principal  amount of such  class of
Notes,  together with accrued and unpaid  interest  thereon  through the date of
acceleration, shall become immediately due and payable.

         At any time after such  declaration  of  acceleration  of maturity with
respect to an Event of Default has been made and before a judgment or decree for
payment  of the  money  due  has  been  obtained  by the  Indenture  Trustee  as
hereinafter  in this  Article V provided,  the Holders of Notes  representing  a
majority of the Security  Balances of all Notes, by written notice to the Issuer
and the Indenture  Trustee with the written consent of the Credit  Enhancer,  or
the Credit  Enhancer,  may in writing  waive the  related  Event of Default  and
rescind and annul such declaration and its consequences if:

               (i) the Issuer has paid or deposited with the Indenture Trustee a
          sum sufficient to pay:

                           (A) all  payments of principal of and interest on the
                  Notes and all other  amounts that would then be due  hereunder
                  or upon the Notes if the Event of Default  giving rise to such
                  acceleration had not occurred; and

                           (B)  all  sums  paid  or  advanced  by the  Indenture
                  Trustee hereunder and the reasonable  compensation,  expenses,
                  disbursements  and advances of the  Indenture  Trustee and its
                  agents and counsel; and

                        (ii) all Events of Default, other than the nonpayment of
         the  principal  of the  Notes  that  has  become  due  solely  by  such
         acceleration, have been cured or waived as provided in Section 5.12.

         No such  rescission  shall affect any subsequent  default or impair any
right consequent thereto.

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<PAGE>




               Section   5.03.   Collection  of   Indebtedness   and  Suits  for
          Enforcement by Indenture Trustee.

         (a) The Issuer  covenants  that if  default  in the  payment of (i) any
interest on any Note when the same  becomes due and  payable,  and such  default
continues for a period of five days, or (ii) the principal of or any installment
of the  principal of any Note when the same becomes due and payable,  the Issuer
shall, upon demand of the Indenture  Trustee,  pay to it, for the benefit of the
Holders  of  Notes,  the  whole  amount  then due and  payable  on the Notes for
principal  and  interest,  with  interest  upon the  overdue  principal,  and in
addition  thereto such further  amount as shall be sufficient to cover the costs
and expenses of  collection,  including the reasonable  compensation,  expenses,
disbursements and advances of the Indenture Trustee and its agents and counsel.

         (b) In case the Issuer  shall fail  forthwith  to pay such amounts upon
such demand, the Indenture Trustee, in its own name and as trustee of an express
trust,  subject to the  provisions  of Section  10.17  hereof  may  institute  a
Proceeding for the  collection of the sums so due and unpaid,  and may prosecute
such  Proceeding to judgment or final  decree,  and may enforce the same against
the Issuer or other obligor upon the Notes and collect in the manner provided by
law out of the property of the Issuer or other obligor upon the Notes,  wherever
situated, the monies adjudged or decreed to be payable.

         (c) If an Event of Default  occurs  and is  continuing,  the  Indenture
Trustee  subject  to the  provisions  of  Section  10.17  hereof  may,  as  more
particularly provided in Section 5.04, in its discretion, proceed to protect and
enforce  its  rights  and the  rights of the  Noteholders,  by such  appropriate
Proceedings  as the Indenture  Trustee shall deem most  effective to protect and
enforce any such rights, whether for the specific enforcement of any covenant or
agreement  in this  Indenture  or in aid of the  exercise  of any power  granted
herein, or to enforce any other proper remedy or legal or equitable right vested
in the Indenture Trustee by this Indenture or by law.

         (d) In case there shall be pending, relative to the Issuer or any other
obligor upon the Notes or any Person having or claiming an ownership interest in
the Trust  Estate,  Proceedings  under Title 11 of the United States Code or any
other applicable  federal or state bankruptcy,  insolvency or other similar law,
or in case a receiver,  assignee  or trustee in  bankruptcy  or  reorganization,
liquidator,  sequestrator  or similar  official shall have been appointed for or
taken  possession of the Issuer or its property or such other obligor or Person,
or in case of any other comparable judicial  Proceedings  relative to the Issuer
or other  obligor upon the Notes,  or to the creditors or property of the Issuer
or such other  obligor,  the  Indenture  Trustee,  irrespective  of whether  the
principal of any Notes shall then be due and payable as therein  expressed or by
declaration or otherwise and irrespective of whether the Indenture Trustee shall
have made any  demand  pursuant  to the  provisions  of this  Section,  shall be
entitled and empowered, by intervention in such Proceedings or otherwise:

                         (i) to file and prove a claim or  claims  for the whole
         amount of  principal  and  interest  owing and unpaid in respect of the
         Notes and to file such other papers or documents as may be necessary or
         advisable  in  order  to  have  the  claims  of the  Indenture  Trustee
         (including  any  claim for  reasonable  compensation  to the  Indenture
         Trustee and each predecessor  Indenture  Trustee,  and their respective
         agents, attorneys and counsel,

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<PAGE>



         and for reimbursement of all expenses and liabilities incurred, and all
         advances made, by the Indenture Trustee and each predecessor  Indenture
         Trustee,  except as a result of negligence,  willful  misconduct or bad
         faith) and of the Noteholders allowed in such Proceedings;

                        (ii)   unless   prohibited   by   applicable   law   and
         regulations,  to vote on behalf of the Holders of Notes in any election
         of a trustee,  a standby trustee or Person performing similar functions
         in any such Proceedings;

                       (iii) to collect and receive any monies or other property
         payable or deliverable on any such claims and to distribute all amounts
         received  with  respect  to the  claims of the  Noteholders  and of the
         Indenture Trustee on their behalf; and

                        (iv) to file such  proofs  of claim and other  papers or
         documents  as may be necessary or advisable in order to have the claims
         of the  Indenture  Trustee  or the  Holders  of  Notes  allowed  in any
         judicial  proceedings  relative to the Issuer,  its  creditors  and its
         property;

and any trustee,  receiver,  liquidator,  custodian or other similar official in
any such  Proceeding is hereby  authorized by each of such  Noteholders  to make
payments to the Indenture Trustee,  and, in the event that the Indenture Trustee
shall consent to the making of payments directly to such Noteholders,  to pay to
the Indenture  Trustee such amounts as shall be  sufficient to cover  reasonable
compensation to the Indenture  Trustee,  each predecessor  Indenture Trustee and
their  respective  agents,  attorneys  and counsel,  and all other  expenses and
liabilities  incurred,  and all advances made, by the Indenture Trustee and each
predecessor  Indenture  Trustee  except  as  a  result  of  negligence,  willful
misconduct or bad faith.

         (e) Nothing herein contained shall be deemed to authorize the Indenture
Trustee to  authorize  or consent to or vote for or accept or adopt on behalf of
any  Noteholder  any  plan  of   reorganization,   arrangement,   adjustment  or
composition  affecting  the Notes or the  rights  of any  Holder  thereof  or to
authorize  the  Indenture  Trustee  to  vote  in  respect  of the  claim  of any
Note-holder  in any  such  proceeding  except,  as  aforesaid,  to vote  for the
election of a trustee in bankruptcy or similar Person.

         (f) All rights of action and of asserting  claims under this Indenture,
or under any of the Notes, may be enforced by the Indenture  Trustee without the
possession of any of the Notes or the  production  thereof in any trial or other
Proceedings relative thereto,  and any such action or proceedings  instituted by
the Indenture  Trustee shall be brought in its own name as trustee of an express
trust,  and any  recovery of judgment,  subject to the payment of the  expenses,
disbursements  and  compensation  of the  Indenture  Trustee,  each  predecessor
Indenture  Trustee and their respective  agents and attorneys,  shall be for the
ratable benefit of the Holders of the Term Notes or the Variable  Funding Notes,
as applicable.

         (g) In any Proceedings  brought by the Indenture  Trustee (and also any
Proceedings  involving the  interpretation of any provision of this Indenture to
which the Indenture  Trustee shall be a party),  the Indenture  Trustee shall be
held to represent all the Holders of the Notes, and it shall not be necessary to
make any Noteholder a party to any such Proceedings.

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<PAGE>




         Section 5.04.  Remedies;  Priorities.  (a) If an Event of Default shall
have occurred and be continuing, the Indenture Trustee subject to the provisions
of Section 10.17 hereof may with the written  consent of the Credit  Enhancer or
shall at the  written  direction  of the Credit  Enhancer  do one or more of the
following (subject to Section 5.05):

                         (i)  institute  Proceedings  in  its  own  name  and as
         trustee of an express  trust for the  collection  of all  amounts  then
         payable  on the Notes or under this  Indenture  with  respect  thereto,
         whether by declaration or otherwise,  and all amounts payable under the
         Insurance  Agreement,  enforce any judgment obtained,  and collect from
         the Issuer and any other obligor upon such Notes monies adjudged due;

               (ii) institute  Proceedings from time to time for the complete or
          partial  foreclosure  of this  Indenture  with  respect  to the  Trust
          Estate;

                       (iii)  exercise any remedies of a secured party under the
         UCC and take any other  appropriate  action to protect  and enforce the
         rights and  remedies  of the  Indenture  Trustee and the Holders of the
         Notes;

                        (iv) sell the Trust  Estate or any  portion  thereof  or
         rights or  interest  therein,  at one or more  public or private  sales
         called and conducted in any manner permitted by law; and

                         (v) liquidate the assets of the 1996-HS3 LLC as Manager
         thereof  and cause the same to be  distributed  as  provided in Section
         14.3 of the Operating Agreement.

provided,  however,  that  the  Indenture  Trustee  may not  sell  or  otherwise
liquidate  the  Trust  Estate  following  an Event of  Default,  unless  (A) the
Indenture  Trustee  obtains the consent of the Holders of 100% of the  aggregate
Security  Balances of the Notes and the Credit Enhancer,  which consent will not
be  unreasonably  withheld,  (B)  the  proceeds  of  such  sale  or  liquidation
distributable  to Holders are  sufficient  to discharge in full all amounts then
due and unpaid upon the Notes for  principal  and interest and to reimburse  the
Credit  Enhancer for any amounts drawn under the Credit  Enhancement  Instrument
and any other amounts due the Credit  Enhancer under the Insurance  Agreement or
(C) the Indenture  Trustee  determines that the Class A Ownership  Interest will
not  continue to provide  sufficient  funds for the payment of  principal of and
interest  on the Notes as they would  have  become due if the Notes had not been
declared due and payable,  and the Indenture  Trustee obtains the consent of the
Credit  Enhancer,  which consent will not be unreasonably  withheld,  and of the
Holders  of 66  2/3%  of  the  aggregate  Security  Balances  of the  Notes.  In
determining  such  sufficiency or  insufficiency  with respect to clause (B) and
(C), the Indenture Trustee may, but need not, obtain and rely upon an opinion of
an Independent  investment banking or accounting firm of national  reputation as
to the  feasibility  of such proposed  action and as to the  sufficiency  of the
Trust  Estate for such  purpose.  Notwithstanding  the  foregoing,  so long as a
Servicing  Default has not occurred,  any Sale of the Trust Estate shall be made
subject to the continued  servicing of the Revolving  Credit Loans by the Master
Servicer as provided in the Servicing Agreement.

         (b) If the Indenture Trustee collects any money or property pursuant to
this Article V, it shall pay out the money or property in the following order:

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<PAGE>




               FIRST:  to the  Indenture  Trustee for amounts due under  Section
          6.07;

                  SECOND:  to each  Class of  Noteholders  for  amounts  due and
                  unpaid on the  related  Class Notes for  interest  and to each
                  Noteholder  of such  Class  in  each  case,  ratably,  without
                  preference  or priority of any kind,  according to the amounts
                  due and  payable  on such  Class of Notes  for  interest  from
                  amounts available in the Trust Estate for such Noteholders;

                  THIRD:  to Holders of each Class of Notes for  amounts due and
                  unpaid  on the  related  Class of Notes  for  principal,  from
                  amounts  available in the Trust  Estate for such  Noteholders,
                  and to each  Noteholder  of such  Class in each case  ratably,
                  without  preference or priority of any kind,  according to the
                  amounts due and payable on such Class of Notes for  principal,
                  until the Security  Balances of each Class of Notes is reduced
                  to zero;

               FOURTH:  to the Certificate  Paying Agent for amounts required to
          be  distributed  to the  Certificateholders  in respect of Certificate
          Preferred Return and Certificate  Distribution  Amount pursuant to the
          Trust Agreement;

               FIFTH:  to the payment of all amounts due and owing to the Credit
          Enhancer under the Insurance Agreement;

               SIXTH:  to the  Certificate  Paying  Agent for  amounts due under
          Article VIII of the Trust Agreement; and

               SEVENTH:  to the payment of the remainder,  if any, to the Issuer
          or any other person legally entitled thereto.

         The  Indenture  Trustee may fix a record date and payment  date for any
payment to  Noteholders  pursuant to this Section  5.04. At least 15 days before
such record date, the Indenture  Trustee shall mail to each  Noteholder a notice
that states the record date, the payment date and the amount to be paid.

         Section 5.05.  Optional  Preservation of the Trust Estate. If the Notes
have been declared to be due and payable  under Section 5.02  following an Event
of Default and such declaration and its consequences have not been rescinded and
annulled,  the  Indenture  Trustee may, but need not,  (but shall at the written
direction of the Credit  Enhancer) elect to take and maintain  possession of the
Trust Estate.  It is the desire of the parties hereto and the  Noteholders  that
there be at all times  sufficient  funds for the  payment  of  principal  of and
interest on the Notes and other  obligations of the Issuer including  payment to
the Credit  Enhancer,  and the  Indenture  Trustee  shall take such  desire into
account when determining  whether or not to take and maintain  possession of the
Trust  Estate.  In  determining  whether to take and maintain  possession of the
Trust Estate,  the Indenture  Trustee may, but need not, obtain and rely upon an
opinion of an  Independent  investment  banking or  accounting  firm of national
reputation  as to  the  feasibility  of  such  proposed  action  and  as to  the
sufficiency of the Trust Estate for such purpose.


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<PAGE>



         Section 5.06. Limitation of Suits. No Holder of any Note shall have any
right to institute any Proceeding,  judicial or otherwise,  with respect to this
Indenture,  or for the  appointment  of a receiver or trustee,  or for any other
remedy hereunder, unless and subject to the provisions of Section 10.17 hereof:

               (i) such  Holder  has  previously  given  written  notice  to the
          Indenture Trustee of a continuing Event of Default;

                       (ii) the  Holders  of not less  than 25% of the  Security
         Balances  of the  Notes  have made  written  request  to the  Indenture
         Trustee  to  institute  such  Proceeding  in  respect  of such Event of
         Default in its own name as Indenture Trustee hereunder;

                      (iii) such Holder or Holders have offered to the Indenture
         Trustee   reasonable   indemnity   against  the  costs,   expenses  and
         liabilities to be incurred in complying with such request;

               (iv) the Indenture  Trustee for 60 days after its receipt of such
          notice,  request and offer of indemnity  has failed to institute  such
          Proceedings; and

                        (v) no direction  inconsistent with such written request
         has been given to the  Indenture  Trustee  during such 60-day period by
         the Holders of a majority of the  Security  Balances of the Notes or by
         the Credit Enhancer.

It is  understood  and intended  that no one or more Holders of Notes shall have
any right in any manner  whatever by virtue of, or by availing of, any provision
of this  Indenture  to  affect,  disturb  or  prejudice  the rights of any other
Holders of Notes or to obtain or to seek to obtain  priority or preference  over
any other  Holders or to enforce any right under this  Indenture,  except in the
manner herein provided.

         In the  event  the  Indenture  Trustee  shall  receive  conflicting  or
inconsistent requests and indemnity from two or more groups of Holders of Notes,
each  representing  less than a majority of the Security  Balances of the Notes,
the Indenture  Trustee in its sole discretion may determine what action, if any,
shall be taken, notwithstanding any other provisions of this Indenture.

         Section 5.07.  Unconditional Rights of Noteholders To Receive Principal
and Interest. Notwithstanding any other provisions in this Indenture, the Holder
of any Note  shall have the  right,  which is  absolute  and  unconditional,  to
receive  payment of the  principal of and  interest,  if any, on such Note on or
after  the  respective  due  dates  thereof  expressed  in such  Note or in this
Indenture and to institute  suit for the  enforcement  of any such payment,  and
such right shall not be impaired without the consent of such Holder.

         Section  5.08.  Restoration  of Rights and  Remedies.  If the Indenture
Trustee or any  Noteholder has instituted any Proceeding to enforce any right or
remedy  under  this  Indenture  and such  Proceeding  has been  discontinued  or
abandoned  for any  reason or has been  determined  adversely  to the  Indenture
Trustee  or to such  Noteholder,  then and in every  such case the  Issuer,  the
Indenture  Trustee and the Noteholders  shall,  subject to any  determination in
such  Proceeding,  be  restored  severally  and  respectively  to  their  former
positions hereunder, and

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<PAGE>



thereafter all rights and remedies of the Indenture  Trustee and the Noteholders
shall continue as though no such Proceeding had been instituted.

         Section 5.09. Rights and Remedies Cumulative. No right or remedy herein
conferred upon or reserved to the Indenture  Trustee,  the Credit Enhancer or to
the  Noteholders  is intended to be exclusive of any other right or remedy,  and
every right and remedy shall, to the extent  permitted by law, be cumulative and
in addition to every other right and remedy given  hereunder or now or hereafter
existing at law or in equity or  otherwise.  The  assertion or employment of any
right or remedy  hereunder,  or  otherwise,  shall not  prevent  the  concurrent
assertion or employment of any other appropriate right or remedy.

         Section 5.10.  Delay or Omission Not a Waiver.  No delay or omission of
the Indenture Trustee, the Credit Enhancer or any Holder of any Note to exercise
any right or remedy  accruing  upon any Event of Default  shall  impair any such
right or  remedy  or  constitute  a waiver of any such  Event of  Default  or an
acquiescence  therein.  Every right and remedy given by this Article V or by law
to the Indenture  Trustee or to the  Noteholders  may be exercised  from time to
time, and as often as may be deemed  expedient,  by the Indenture  Trustee or by
the Noteholders, as the case may be.

         Section 5.11. Control by Noteholders.  The Holders of a majority of the
Security  Balances  of Notes with the  consent of the  Credit  Enhancer,  or the
Credit  Enhancer (so long as no Credit  Enhancer  Default exists) shall have the
right to direct the time,  method and place of conducting any Proceeding for any
remedy  available  to  the  Indenture  Trustee  with  respect  to the  Notes  or
exercising any trust or power conferred on the Indenture Trustee; provided that:

               (i) such direction  shall not be in conflict with any rule of law
          or with this Indenture;

                       (ii) subject to the express  terms of Section  5.04,  any
         direction  to the  Indenture  Trustee  to sell or  liquidate  the Trust
         Estate shall be by Holders of Notes  representing not less than 100% of
         the Security Balances of Notes with the consent of the Credit Enhancer,
         or the Credit Enhancer (so long as no Credit Enhancer Default exists);

                      (iii) if the  conditions  set forth in  Section  5.05 have
         been  satisfied  and the Indenture  Trustee  elects to retain the Trust
         Estate  pursuant to such  Section,  then any direction to the Indenture
         Trustee by Holders of Notes representing less than 100% of the Security
         Balances of Notes to sell or liquidate  the Trust Estate shall be of no
         force and effect; and

                       (iv) the  Indenture  Trustee  may take any  other  action
         deemed proper by the Indenture  Trustee that is not  inconsistent  with
         such direction.

Notwithstanding the rights of Noteholders set forth in this Section,  subject to
Section 6.01, the Indenture  Trustee need not take any action that it determines
might involve it in liability or might materially adversely affect the rights of
any Noteholders not consenting to such action.


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<PAGE>



         Section 5.12. Waiver of Past Defaults.  Prior to the declaration of the
acceleration  of the  maturity  of the Notes as provided  in Section  5.02,  the
Holders of Notes of not less than a majority  of the  Security  Balances  of the
Notes with the consent of the Credit  Enhancer,  or the Credit Enhancer (so long
as no Credit  Enhancer  Default  exists) may waive any past Event of Default and
its  consequences  except an Event of  Default  (a) with  respect  to payment of
principal  of or interest on any of the Notes or (b) in respect of a covenant or
provision  hereof which cannot be modified or amended without the consent of the
Holder of each Note. In the case of any such waiver,  the Issuer,  the Indenture
Trustee and the Holders of the Notes shall be restored to their former positions
and rights  hereunder,  respectively;  but no such  waiver  shall  extend to any
subsequent or other Event of Default or impair any right consequent thereto.

         Upon any such waiver,  any Event of Default arising  therefrom shall be
deemed to have been cured and not to have  occurred,  for every  purpose of this
Indenture;  but no such waiver shall extend to any  subsequent or other Event of
Default or impair any right consequent thereto.

         Section  5.13.  Undertaking  for Costs.  All parties to this  Indenture
agree, and each Holder of any Note by such Holder's  acceptance thereof shall be
deemed to have agreed, that any court may in its discretion require, in any suit
for the enforcement of any right or remedy under this Indenture,  or in any suit
against the Indenture Trustee for any action taken, suffered or omitted by it as
Indenture  Trustee,  the  filing  by any  party  litigant  in  such  suit  of an
undertaking  to pay the  costs of such  suit,  and that  such  court  may in its
discretion  assess  reasonable  costs,  including  reasonable  attorneys'  fees,
against  any party  litigant  in such suit,  having due regard to the merits and
good  faith of the  claims or  defenses  made by such  party  litigant;  but the
provisions  of this Section 5.13 shall not apply to (a) any suit  instituted  by
the Indenture  Trustee,  (b) any suit instituted by any Noteholder,  or group of
Noteholders, in each case holding in the aggregate more than 10% of the Security
Balances  of the  Notes or (c) any suit  instituted  by any  Noteholder  for the
enforcement  of the payment of  principal of or interest on any Note on or after
the respective due dates expressed in such Note and in this Indenture.

         Section 5.14.  Waiver of Stay or Extension  Laws. The Issuer  covenants
(to the extent  that it may  lawfully do so) that it will not at any time insist
upon,  or plead or in any  manner  whatsoever,  claim  or take  the  benefit  or
advantage  of, any stay or extension  law wherever  enacted,  now or at any time
hereafter in force,  that may affect the  covenants or the  performance  of this
Indenture;  and the  Issuer (to the extent  that it may  lawfully  do so) hereby
expressly waives all benefit or advantage of any such law, and covenants that it
shall not hinder,  delay or impede the execution of any power herein  granted to
the  Indenture  Trustee,  but will suffer and permit the execution of every such
power as though no such law had been enacted.

         Section 5.15. Sale of Trust Estate. (a) The power to effect any sale or
other  disposition  (a "Sale") of any  portion of the Trust  Estate  pursuant to
Section 5.04 is  expressly  subject to the  provisions  of Section 5.05 and this
Section  5.15.  The power to effect any such Sale shall not be  exhausted by any
one or more Sales as to any portion of the Trust Estate  remaining  unsold,  but
shall continue  unimpaired until the entire Trust Estate shall have been sold or
all  amounts  payable  on the  Notes  and  under  this  Indenture  and under the
Insurance Agreement shall have been paid. The Indenture Trustee may from time to
time postpone any public Sale by public  announcement made at the time and place
of such Sale.  The Indenture  Trustee hereby  expressly  waives its right to any
amount fixed by law as compensation for any Sale.

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         (b) The Indenture  Trustee shall not in any private Sale sell the Trust
Estate, or any portion thereof, unless:

               (1) the Holders of all Notes and the Credit  Enhancer  consent to
          or direct the Indenture Trustee to make, such Sale, or

                  (2) the  proceeds  of such  Sale  would be not  less  than the
entire  amount which would be payable to the  Noteholders  under the Notes,  the
Certificateholders  under the Certificates and the Credit Enhancer in respect of
amounts drawn under the Credit Enhancement  Instrument and any other amounts due
the Credit  Enhancer under the Insurance  Agreement,  in full payment thereof in
accordance  with Section 5.02, on the Payment Date next  succeeding  the date of
such Sale, or

                  (3) The Indenture Trustee determines,  in its sole discretion,
that the  conditions for retention of the Trust Estate set forth in Section 5.05
cannot be satisfied (in making any such determination, the Indenture Trustee may
rely upon an opinion of an  Independent  investment  banking  firm  obtained and
delivered as provided in Section 5.05), and the Credit Enhancer consents to such
Sale,  which  consent  will  not  be  unreasonably   withheld  and  the  Holders
representing  at least 66-2/3% of the Security  Balances of the Notes consent to
such Sale.

The purchase by the Indenture  Trustee of all or any portion of the Trust Estate
at a private  Sale shall not be deemed a Sale or other  disposition  thereof for
purposes of this Section 5.15(b).

         (c) Unless the Holders and the Credit Enhancer have otherwise consented
or directed the Indenture  Trustee,  at any public Sale of all or any portion of
the Trust  Estate at which a minimum  bid equal to or  greater  than the  amount
described in paragraph (2) of  subsection  (b) of this Section 5.15 has not been
established  by the  Indenture  Trustee and no Person bids an amount equal to or
greater than such amount,  the  Indenture  Trustee  shall bid an amount at least
$1.00 more than the highest other bid.

   
    (d)  In connection with a Sale of all or any portion of the Trust Estate:

                  (1) any  Holder or  Holders  of Notes may bid for and with the
consent of the Credit Enhancer  purchase the property offered for sale, and upon
compliance  with the terms of sale may hold,  retain and  possess and dispose of
such property,  without further accountability,  and may, in paying the purchase
money therefor, deliver any Notes or claims for interest thereon in lieu of cash
up to the amount  which  shall,  upon  distribution  of the net proceeds of such
sale, be payable thereon, and such Notes, in case the amounts so payable thereon
shall be less than the amount due  thereon,  shall be  returned  to the  Holders
thereof after being appropriately stamped to show such partial payment;

                  (2) the Indenture Trustee may bid for and acquire the property
offered  for Sale in  connection  with any Sale  thereof,  and,  subject  to any
requirements  of, and to the extent  permitted by,  applicable law in connection
therewith,  may  purchase  all or any  portion of the Trust  Estate in a private
sale, and, in lieu of paying cash therefor, may make settlement for the purchase
price by crediting  the gross Sale price against the sum of (A) the amount which
would be  distributable  to the Holders of the Notes and Holders of Certificates
and amounts owing to

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the Credit  Enhancer as a result of such Sale in accordance with Section 5.04(b)
on the Payment Date next  succeeding  the date of such Sale and (B) the expenses
of  the  Sale  and  of  any  Proceedings  in  connection   therewith  which  are
reimbursable  to it,  without  being  required  to produce the Notes in order to
complete any such Sale or in order for the net Sale price to be credited against
such Notes, and any property so acquired by the Indenture  Trustee shall be held
and dealt with by it in accordance with the provisions of this Indenture;

                  (3)  the  Indenture  Trustee  shall  execute  and  deliver  an
appropriate instrument of conveyance transferring its interest in any portion of
the Trust Estate in connection with a Sale thereof;

                  (4) the Indenture Trustee is hereby irrevocably  appointed the
agent and  attorney-in-fact of the Issuer to transfer and convey its interest in
any portion of the Trust Estate in connection  with a Sale thereof,  and to take
all action necessary to effect such Sale; and

                  (5) no purchaser or  transferee  at such a Sale shall be bound
to ascertain the Indenture Trustee's authority, inquire into the satisfaction of
any conditions precedent or see to the application of any monies.

         Section 5.16.  Action on Notes.  The Indenture  Trustee's right to seek
and recover  judgment on the Notes or under this Indenture shall not be affected
by the  seeking,  obtaining  or  application  of any other  relief under or with
respect to this Indenture.  Neither the lien of this Indenture nor any rights or
remedies of the Indenture  Trustee or the  Noteholders  shall be impaired by the
recovery of any judgment by the Indenture  Trustee  against the Issuer or by the
levy of any  execution  under such judgment upon any portion of the Trust Estate
or upon any of the assets of the Issuer.  Any money or property collected by the
Indenture Trustee shall be applied in accordance with Section 5.04(b).

         Section 5.17.  Performance and Enforcement of Certain Obligations.  (a)
Promptly  following a written  request from the Credit Enhancer or the Indenture
Trustee with the written  consent of the Credit Enhancer to do so, the Issuer in
its capacity as holder of the Class A Ownership Interest and as Managing Member,
shall  with the  written  consent of the Credit  Enhancer  take all such  lawful
action as the Indenture  Trustee may request to cause the 1996-HS3 LLC to compel
or secure the performance and observance by the Seller and the Master  Servicer,
as applicable, of each of their obligations to the 1996-HS3 LLC or to the Issuer
under or in connection with the Revolving Credit Loan Purchase Agreement and the
Servicing Agreement,  and to exercise any and all rights,  remedies,  powers and
privileges  lawfully  available to the 1996-HS3 LLC or to the Issuer under or in
connection with the Revolving  Credit Loan Purchase  Agreement and the Servicing
Agreement to the extent and in the manner directed by the Indenture Trustee,  as
pledgee of the Class A Ownership Interest, including the transmission of notices
of default on the part of the Seller or the Master  Servicer  thereunder and the
institution  of legal or  administrative  actions  or  proceedings  to compel or
secure  performance  by the  Seller  or the  Master  Servicer  of each of  their
obligations under the Revolving Credit Loan Purchase Agreement and the Servicing
Agreement.

         (b)  If an  Event  of  Default  has  occurred  and is  continuing,  the
Indenture Trustee, as pledgee of the Class A Ownership Interest,  subject to the
rights of the Credit Enhancer under

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the Servicing  Agreement may, and at the direction  (which direction shall be in
writing or by  telephone  (confirmed  in writing  promptly  thereafter))  of the
Holders of 66-2/3% of the  Security  Balances of the Notes  shall,  exercise all
rights,  remedies,  powers,  privileges  and claims of the  1996-HS3  LLC or the
Issuer against the Seller or the Master Servicer under or in connection with the
Revolving Credit Loan Purchase Agreement and the Servicing Agreement,  including
the  right or power to take any  action  to  compel  or  secure  performance  or
observance by the Seller or the Master Servicer,  as the case may be, of each of
their  obligations to the 1996-HS3 LLC or the Issuer  thereunder and to give any
consent,  request, notice,  direction,  approval,  extension or waiver under the
Revolving  Credit Loan Purchase  Agreement and the Servicing  Agreement,  as the
case may be, and any right of the 1996-HS3 LLC or the Issuer to take such action
shall not be suspended.  In connection therewith, as determined by the Indenture
Trustee,  the Issuer shall take all actions  necessary to effect the transfer of
the  Class A  Ownership  Interest  to the  Indenture  Trustee  and to cause  the
Indenture  Trustee (in its capacity as such) to be named as the Managing Member,
or if so provided in the Operating Agreement, to cause the Indenture Trustee (in
its capacity as such) to be designated as the Non-member Manager.

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                                   ARTICLE VI

                              The Indenture Trustee

         Section 6.01. Duties of Indenture  Trustee.  (a) If an Event of Default
has occurred and is continuing,  the Indenture Trustee shall exercise the rights
and powers  vested in it by this  Indenture  and use the same degree of care and
skill in their  exercise  as a prudent  person  would  exercise or use under the
circumstances in the conduct of such person's own affairs.

         (b)  Except during the continuance of an Event of Default:

                        (i) the  Indenture  Trustee  undertakes  to perform such
         duties  and only  such  duties  as are  specifically  set forth in this
         Indenture and no implied  covenants or  obligations  shall be read into
         this Indenture against the Indenture Trustee; and

                       (ii)  in the  absence  of bad  faith  on  its  part,  the
         Indenture  Trustee  may  conclusively  rely,  as to  the  truth  of the
         statements and the correctness of the opinions expressed therein,  upon
         certificates  or  opinions  furnished  to  the  Indenture  Trustee  and
         conforming  to  the  requirements  of  this  Indenture;   however,  the
         Indenture  Trustee  shall  examine  the  certificates  and  opinions to
         determine  whether  or not they  conform  to the  requirements  of this
         Indenture.

         (c) The Indenture  Trustee may not be relieved  from  liability for its
own  negligent  action,  its own  negligent  failure  to act or its own  willful
misconduct, except that:

               (i) this  paragraph does not limit the effect of paragraph (b) of
          this Section 6.01;

                       (ii) the  Indenture  Trustee  shall not be liable for any
         error of judgment made in good faith by a Responsible Officer unless it
         is proved that the Indenture  Trustee was negligent in ascertaining the
         pertinent facts; and

                      (iii) the  Indenture  Trustee  shall  not be  liable  with
         respect  to any  action  it takes  or  omits  to take in good  faith in
         accordance with a direction received by it (A) pursuant to Section 5.11
         or (B) from the Credit Enhancer, which it is entitled to give under any
         of the Basic Documents.

         (d) The Indenture Trustee shall not be liable for interest on any money
received by it except as the  Indenture  Trustee  may agree in writing  with the
Issuer.

         (e) Money held in trust by the Indenture Trustee need not be segregated
from  other  funds  except to the  extent  required  by law or the terms of this
Indenture or the Trust Agreement.

         (f) No provision of this Indenture shall require the Indenture  Trustee
to expend or risk its own funds or otherwise  incur  financial  liability in the
performance  of any of its duties  hereunder  or in the  exercise  of any of its
rights or powers, if it shall have reasonable grounds

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to believe that repayment of such funds or adequate  indemnity against such risk
or liability is not reasonably assured to it.

         (g) Every  provision  of this  Indenture  relating  to the  conduct  or
affecting  the liability of or affording  protection  to the  Indenture  Trustee
shall be subject to the  provisions of this Section and to the provisions of the
TIA.

               Section  6.02.  Rights of Indenture  Trustee.  (a) The  Indenture
          Trustee may rely on any  document  believed by it to be genuine and to
          have been signed or  presented  by the proper  person.  The  Indenture
          Trustee  need  not  investigate  any  fact  or  matter  stated  in the
          document.

         (b) Before the Indenture  Trustee acts or refrains from acting,  it may
require an Officer's Certificate or an Opinion of Counsel. The Indenture Trustee
shall not be liable  for any  action it takes or omits to take in good  faith in
reliance on an Officer's Certificate or Opinion of Counsel.

         (c) The  Indenture  Trustee  may  execute  any of the  trusts or powers
hereunder  or perform  any duties  hereunder  either  directly  or by or through
agents or attorneys or a custodian or nominee,  and the Indenture  Trustee shall
not be  responsible  for any misconduct or negligence on the part of, or for the
supervision of, any such agent,  attorney,  custodian or nominee  appointed with
due care by it hereunder.

         (d) The  Indenture  Trustee shall not be liable for any action it takes
or omits to take in good faith which it believes to be  authorized or within its
rights or powers;  provided,  however, that the Indenture Trustee's conduct does
not constitute willful misconduct, negligence or bad faith.

         (e) The Indenture  Trustee may consult with counsel,  and the advice or
opinion of counsel with respect to legal matters  relating to this Indenture and
the Notes shall be full and complete authorization and protection from liability
in respect to any action  taken,  omitted or  suffered by it  hereunder  in good
faith and in accordance with the advice or opinion of such counsel.

         Section 6.03.  Individual  Rights of Indenture  Trustee.  The Indenture
Trustee in its  individual or any other capacity may become the owner or pledgee
of Notes and may otherwise deal with the Issuer or its Affiliates  with the same
rights  it would  have if it were not  Indenture  Trustee.  Any Note  Registrar,
co-registrar or co-paying agent may do the same with like rights.  However,  the
Indenture Trustee must comply with Sections 6.11 and 6.12.

         Section 6.04.  Indenture  Trustee's  Disclaimer.  The Indenture Trustee
shall not be (i) responsible for and makes no  representation as to the validity
or adequacy of this Indenture or the Notes,  (ii)  accountable  for the Issuer's
use of the proceeds from the Notes or (iii) responsible for any statement of the
Issuer in the Indenture or in any document issued in connection with the sale of
the Notes or in the Notes  other than the  Indenture  Trustee's  certificate  of
authentication.


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         Section 6.05. Notice of Event of Default. If an Event of Default occurs
and is continuing  and if it is known to a Responsible  Officer of the Indenture
Trustee, the Indenture Trustee shall give notice thereof to the Credit Enhancer.
The  Indenture  Trustee  shall  mail to each  Noteholder  notice of the Event of
Default  within  90 days  after  it  occurs.  Except  in the case of an Event of
Default  in payment of  principal  of or  interest  on any Note,  the  Indenture
Trustee may withhold the notice if and so long as a committee of its Responsible
Officers  in  good  faith  determines  that  withholding  the  notice  is in the
interests of Noteholders.

         Section 6.06.  Reports by Indenture  Trustee to Holders.  The Indenture
Trustee shall deliver to each Noteholder such  information as may be required to
enable  such holder to prepare its  federal  and state  income tax  returns.  In
addition,  upon the  Issuer's  written  request,  the  Indenture  Trustee  shall
promptly  furnish  information  reasonably  requested  by  the  Issuer  that  is
reasonably  available to the  Indenture  Trustee to enable the Issuer to perform
its federal and state income tax reporting obligations.

         Section 6.07.  Compensation and Indemnity.  The Issuer shall pay to the
Indenture Trustee on each Payment Date reasonable compensation for its services.
The  Indenture  Trustee's  compensation  shall  not be  limited  by  any  law on
compensation  of a trustee of an express trust.  The Issuer shall  reimburse the
Indenture Trustee for all reasonable  out-of-pocket expenses incurred or made by
it,  including  costs of  collection,  in addition to the  compensation  for its
services.  Such expenses shall include the reasonable compensation and expenses,
disbursements  and  advances  of  the  Indenture   Trustee's  agents,   counsel,
accountants  and  experts.  The Issuer shall  indemnify  the  Indenture  Trustee
against  any and all loss,  liability  or expense  (including  attorneys'  fees)
incurred  by it in  connection  with the  administration  of this  trust and the
performance  of its duties  hereunder.  The  Indenture  Trustee shall notify the
Issuer  promptly  of any claim for which it may seek  indemnity.  Failure by the
Indenture  Trustee to so notify the Issuer  shall not  relieve the Issuer of its
obligations hereunder. The Issuer shall defend any such claim, and the Indenture
Trustee may have separate counsel and the Issuer shall pay the fees and expenses
of such  counsel.  The  Issuer is not  obligated  to  reimburse  any  expense or
indemnify  against any loss,  liability  or expense  incurred  by the  Indenture
Trustee through the Indenture  Trustee's own willful  misconduct,  negligence or
bad faith.

         The Issuer's payment  obligations to the Indenture  Trustee pursuant to
this  Section  6.07 shall  survive the  discharge  of this  Indenture.  When the
Indenture  Trustee  incurs  expenses after the occurrence of an Event of Default
specified in Section  5.01(iv) or (v) with  respect to the Issuer,  the expenses
are  intended to  constitute  expenses of  administration  under Title 11 of the
United  States  Code  or any  other  applicable  federal  or  state  bankruptcy,
insolvency or similar law.

         Section 6.08.  Replacement  of Indenture  Trustee.  No  resignation  or
removal of the Indenture  Trustee and no  appointment  of a successor  Indenture
Trustee  shall become  effective  until the  acceptance  of  appointment  by the
successor Indenture Trustee pursuant to this Section 6.08. The Indenture Trustee
may resign at any time by so notifying the Issuer and the Credit  Enhancer.  The
Holders of a majority of Security  Balances of the Notes or the Credit  Enhancer
may remove the Indenture  Trustee by so notifying the Indenture  Trustee and the
Credit Enhancer and may appoint a successor Indenture Trustee.  The Issuer shall
remove the Indenture Trustee if:

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   (i)        the Indenture Trustee fails to comply with Section 6.11;

  (ii)        the Indenture Trustee is adjudged a bankrupt or insolvent;

 (iii)        a receiver or other public officer takes charge of the Indenture
              Trustee or its property; or

  (iv)        the Indenture Trustee otherwise becomes incapable of acting.

         If the Indenture  Trustee  resigns or is removed or if a vacancy exists
in the office of Indenture Trustee for any reason (the Indenture Trustee in such
event being referred to herein as the retiring  Indenture  Trustee),  the Issuer
shall  promptly  appoint a successor  Indenture  Trustee with the consent of the
Credit  Enhancer which consent will not be unreasonably  withheld.  In addition,
the  Indenture  Trustee  will  resign  to avoid  being  directly  or  indirectly
controlled by the Issuer.

         A successor Indenture Trustee shall deliver a written acceptance of its
appointment to the retiring Indenture Trustee and to the Issuer.  Thereupon, the
resignation or removal of the retiring Indenture Trustee shall become effective,
and the successor Indenture Trustee shall have all the rights, powers and duties
of the Indenture Trustee under this Indenture.  The successor  Indenture Trustee
shall mail a notice of its  succession to  Noteholders.  The retiring  Indenture
Trustee shall promptly  transfer all property held by it as Indenture Trustee to
the successor Indenture Trustee.

         If a successor  Indenture  Trustee does not take office  within 60 days
after the  retiring  Indenture  Trustee  resigns  or is  removed,  the  retiring
Indenture Trustee,  the Issuer or the Holders of a majority of Security Balances
of  the  Notes  may  petition  any  court  of  competent  jurisdiction  for  the
appointment of a successor Indenture Trustee.

         If the  Indenture  Trustee  fails to  comply  with  Section  6.11,  any
Noteholder may petition any court of competent  jurisdiction  for the removal of
the Indenture Trustee and the appointment of a successor Indenture Trustee.

         Notwithstanding  the replacement of the Indenture  Trustee  pursuant to
this  Section,  the  Issuer's  shall  continue  for the benefit of the  retiring
Indenture Trustee.

         Section 6.09.  Successor  Indenture Trustee by Merger. If the Indenture
Trustee  consolidates  with,  merges  or  converts  into,  or  transfers  all or
substantially all its corporate trust business or assets to, another corporation
or banking  association,  the  resulting,  surviving or  transferee  corporation
without any further act shall be the successor Indenture Trustee; provided, that
such  corporation  or  banking  association  shall be  otherwise  qualified  and
eligible  under  Section 6.11.  The  Indenture  Trustee shall provide the Rating
Agencies written notice of any such transaction after the Closing Date.

         In case at the time such successor or successors by merger,  conversion
or consolidation to the Indenture Trustee shall succeed to the trusts created by
this Indenture any of the Notes shall have been authenticated but not delivered,
any such successor to the Indenture Trustee may

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<PAGE>



adopt the certificate of authentication of any predecessor  trustee, and deliver
such Notes so authenticated; and in case at that time any of the Notes shall not
have been authenticated, any successor to the Indenture Trustee may authenticate
such Notes either in the name of any predecessor hereunder or in the name of the
successor  to the  Indenture  Trustee;  and in all such cases such  certificates
shall have the full force which it is anywhere in the Notes or in this Indenture
provided that the certificate of the Indenture Trustee shall have.

         Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture
Trustee.  (a)  Notwithstanding  any other  provisions of this Indenture,  at any
time, for the purpose of meeting any legal  requirement of any  jurisdiction  in
which any part of the Trust  Estate may at the time be  located,  the  Indenture
Trustee  shall have the power and may execute and  deliver  all  instruments  to
appoint one or more Persons to act as a co-trustee or  co-trustees,  or separate
trustee or separate trustees, of all or any part of the Owner Trust, and to vest
in such  Person  or  Persons,  in such  capacity  and  for  the  benefit  of the
Noteholders, such title to the Trust Estate, or any part hereof, and, subject to
the other provisions of this Section, such powers, duties,  obligations,  rights
and trusts as the  Indenture  Trustee may consider  necessary or  desirable.  No
co-trustee or separate trustee  hereunder shall be required to meet the terms of
eligibility  as a  successor  trustee  under  Section  6.11  and  no  notice  to
Noteholders of the  appointment  of any co-trustee or separate  trustee shall be
required under Section 6.08 hereof.

         (b)  Every  separate  trustee  and  co-trustee  shall,  to  the  extent
permitted by law, be appointed and act subject to the following  provisions  and
conditions:

                        (i) all rights, powers, duties and obligations conferred
         or imposed  upon the  Indenture  Trustee  shall be conferred or imposed
         upon and  exercised  or  performed  by the  Indenture  Trustee and such
         separate  trustee or co-trustee  jointly (it being understood that such
         separate  trustee or  co-trustee is not  authorized  to act  separately
         without  the  Indenture  Trustee  joining in such  act),  except to the
         extent that under any law of any  jurisdiction  in which any particular
         act  or  acts  are to be  performed  the  Indenture  Trustee  shall  be
         incompetent  or unqualified to perform such act or acts, in which event
         such rights,  powers, duties and obligations  (including the holding of
         title  to  the  Trust  Estate  or  any  portion  thereof  in  any  such
         jurisdiction)  shall be exercised and performed singly by such separate
         trustee or  co-trustee,  but solely at the  direction of the  Indenture
         Trustee;

               (ii) no trustee hereunder shall be personally liable by reason of
          any act or omission of any other trustee hereunder; and

               (iii)  the   Indenture   Trustee  may  at  any  time  accept  the
          resignation of or remove any separate trustee or co-trustee.

         (c) Any notice, request or other writing given to the Indenture Trustee
shall be deemed to have been  given to each of the then  separate  trustees  and
co-trustees,  as  effectively  as if  given to each of  them.  Every  instrument
appointing any separate  trustee or co-trustee shall refer to this Agreement and
the conditions of this Article VI. Each separate  trustee and  co-trustee,  upon
its  acceptance  of the trusts  conferred,  shall be vested  with the estates or
property  specified in its  instrument of  appointment,  either jointly with the
Indenture Trustee or separately,  as may be provided therein, subject to all the
provisions of this Indenture, specifically including every

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provision of this Indenture  relating to the conduct of, affecting the liability
of, or affording  protection to, the Indenture  Trustee.  Every such  instrument
shall be filed with the Indenture Trustee.

         (d) Any separate  trustee or co-trustee may at any time  constitute the
Indenture Trustee, its agent or attorney-in-fact  with full power and authority,
to the extent not prohibited by law, to do any lawful act under or in respect of
this  Agreement  on its  behalf  and in its name.  If any  separate  trustee  or
co-trustee shall die, become incapable of acting,  resign or be removed,  all of
its  estates,  properties,  rights,  remedies  and  trusts  shall vest in and be
exercised by the Indenture Trustee,  to the extent permitted by law, without the
appointment of a new or successor trustee.

         Section 6.11.  Eligibility;  Disqualification.  The  Indenture  Trustee
shall at all times satisfy the  requirements  of TIA ss.  310(a).  The Indenture
Trustee shall have a combined capital and surplus of at least $50,000,000 as set
forth in its most recent  published  annual  report of  condition  and it or its
parent  shall  have a  long-term  debt  rating of A or better  by  Moody's.  The
Indenture  Trustee  shall  comply with TIA ss.  310(b),  including  the optional
provision  permitted  by the second  sentence  of TIA ss.  310(b)(9);  provided,
however,  that there shall be excluded from the  operation of TIA ss.  310(b)(1)
any  indenture  or  indentures  under which other  securities  of the Issuer are
outstanding  if the  requirements  for  such  exclusion  set  forth  in TIA  ss.
310(b)(1) are met.

         Section 6.12.  Preferential  Collection of Claims Against  Issuer.  The
Indenture  Trustee  shall  comply with TIA ss.  311(a),  excluding  any creditor
relationship  listed in TIA ss. 311(b). An Indenture Trustee who has resigned or
been removed shall be subject to TIA ss. 311(a) to the extent indicated.

               Section  6.13.  Representations  and  Warranties.  The  Indenture
          Trustee hereby represents that:

                     (i)  The  Indenture  Trustee  is  duly  organized,  validly
         existing and in good  standing  under the laws of the State of New York
         with power and  authority  to own its  properties  and to  conduct  its
         business as such  properties  are currently  owned and such business is
         presently conducted.

                    (ii) The  Indenture  Trustee has the power and  authority to
         execute and deliver this Indenture and to carry out its terms;  and the
         execution,  delivery and  performance  of this Indenture have been duly
         authorized by the Indenture Trustee by all necessary corporate action.

                   (iii) The  consummation of the  transactions  contemplated by
         this Indenture and the  fulfillment of the terms hereof do not conflict
         with,  result in any breach of any of the terms and  provisions  of, or
         constitute  (with or without  notice or lapse of time) a default under,
         the articles of organization or bylaws of the Indenture  Trustee or any
         agreement or other instrument to which the Indenture Trustee is a party
         or by which it is bound.


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                    (iv) To the Indenture Trustee's best knowledge, there are no
         proceedings or  investigations  pending or threatened before any court,
         regulatory   body,   administrative   agency   or  other   governmental
         instrumentality  having  jurisdiction over the Indenture Trustee or its
         properties:  (A) asserting the invalidity of this Indenture (B) seeking
         to prevent the consummation of any of the transactions  contemplated by
         this  Indenture or (C) seeking any  determination  or ruling that might
         materially  and  adversely  affect  the  performance  by the  Indenture
         Trustee of its obligations under, or the validity or enforceability of,
         this Indenture.

                     (v) The  Indenture  Trustee  does  not have  notice  of any
         adverse  claim (as such terms are used in Delaware  UCC Section  8-302)
         with respect to the Class A Ownership Interest.

               Section  6.14.  Directions  to Indenture  Trustee.  The Indenture
          Trustee is hereby directed:

               (a) to accept the pledge of the Class A  Ownership  Interest  and
          hold the  assets  of the Trust in trust  for the  Noteholders  and the
          Credit Enhancer;

               (b) to authenticate  and deliver the Notes  substantially  in the
          form  prescribed  by  Exhibit A in  accordance  with the terms of this
          Indenture; and

               (c) to take all other actions as shall be required to be taken by
          the terms of this Indenture.

         Section  6.15.  Indenture  Trustee May Own  Securities.  The  Indenture
Trustee, in its individual or any other capacity may become the owner or pledgee
of  Securities  with the same  rights  it  would  have if it were not  Indenture
Trustee.

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<PAGE>



                                   ARTICLE VII

                         Noteholders' Lists and Reports

         Section 7.01.  Issuer To Furnish  Indenture Trustee Names and Addresses
of  Noteholders.  The  Issuer  will  furnish  or  cause to be  furnished  to the
Indenture Trustee (a) not more than five days after each Record Date, a list, in
such form as the  Indenture  Trustee may  reasonably  require,  of the names and
addresses  of the Holders of Notes as of such Record Date and, (b) at such other
times as the Indenture  Trustee and the Credit  Enhancer may request in writing,
within  30 days  after  receipt  by the  Issuer of any such  request,  a list of
similar  form and  content  as of a date not more than 10 days prior to the time
such list is furnished; provided, however, that so long as the Indenture Trustee
is the Note Registrar, no such list shall be required to be furnished.

         Section  7.02.   Preservation   of   Information;   Communications   to
Noteholders.  (a) The Indenture Trustee shall preserve,  in as current a form as
is  reasonably  practicable,  the names and  addresses  of the  Holders of Notes
contained in the most recent list furnished to the Indenture Trustee as provided
in Section 7.01 and the names and addresses of Holders of Notes  received by the
Indenture  Trustee in its capacity as Note Registrar.  The Indenture Trustee may
destroy any list  furnished  to it as provided in such Section 7.01 upon receipt
of a new list so furnished.

         (b) Noteholders  may communicate  pursuant to TIA ss. 312(b) with other
Noteholders  with  respect to their  rights  under this  Indenture  or under the
Notes.

         (c) The Issuer, the Indenture Trustee and the Note Registrar shall have
the protection of TIA ss. 312(c).

         Section 7.03.    Reports by Issuer.  (a)  The Issuer shall:

                        (i) file  with the  Indenture  Trustee,  within  15 days
         after the  Issuer  is  required  to file the same with the  Commission,
         copies of the annual reports and the  information,  documents and other
         reports  (or copies of such  portions  of any of the  foregoing  as the
         Commission  may from time to time by rules and  regulations  prescribe)
         that the Issuer may be required to file with the Commission pursuant to
         Section 13 or 15(d) of the Exchange Act;

                       (ii) file with the Indenture Trustee,  and the Commission
         in accordance with rules and  regulations  prescribed from time to time
         by the Commission  such additional  information,  documents and reports
         with  respect to  compliance  by the  Issuer  with the  conditions  and
         covenants  of this  Indenture  as may be required  from time to time by
         such rules and regulations; and

                      (iii) supply to the  Indenture  Trustee (and the Indenture
         Trustee shall transmit by mail to all Noteholders  described in TIA ss.
         313(c))  such  summaries  of any  information,  documents  and  reports
         required to be filed by the Issuer pursuant to

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<PAGE>



         clauses  (i)  and  (ii)  of  this  Section  7.03(a)  and by  rules  and
         regulations prescribed from time to time by the Commission.

         (b) Unless  the Issuer  otherwise  determines,  the fiscal  year of the
Issuer shall end on December 31 of each year.

         Section  7.04.  Reports by  Indenture  Trustee.  If required by TIA ss.
313(a),  within 60 days after each January 1 beginning with January 1, 1997, the
Indenture  Trustee  shall mail to each  Noteholder as required by TIA ss. 313(c)
and to the Credit  Enhancer a brief report  dated as of such date that  complies
with TIA ss.  313(a).  The  Indenture  Trustee  also shall  comply  with TIA ss.
313(b).

         A copy of each report at the time of its mailing to  Noteholders  shall
be filed by the Indenture  Trustee with the Commission and each stock  exchange,
if any,  on which  the Term  Notes are  listed.  The  Issuer  shall  notify  the
Indenture Trustee if and when the Term Notes are listed on any stock exchange.

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<PAGE>



                                  ARTICLE VIII

                      Accounts, Disbursements and Releases

         Section  8.01.  Collection  of  Money.  Except as  otherwise  expressly
provided  herein,  the Indenture  Trustee may demand payment or delivery of, and
shall receive and collect,  directly and without  intervention  or assistance of
any fiscal agent or other intermediary,  all money and other property payable to
or receivable by the Indenture Trustee pursuant to this Indenture. The Indenture
Trustee shall apply all such money received by it as provided in this Indenture.
Except as otherwise expressly provided in this Indenture,  if any default occurs
in the making of any payment or  performance  under any  agreement or instrument
that is part of the Trust Estate,  the Indenture Trustee may take such action as
may be  appropriate  to enforce  such  payment  or  performance,  including  the
institution and prosecution of appropriate Proceedings. Any such action shall be
without prejudice to any right to claim a Default or Event of Default under this
Indenture and any right to proceed thereafter as provided in Article V.

         Section 8.02. Trust Accounts.  (a) On or prior to the Closing Date, the
Issuer shall cause the Indenture Trustee to establish and maintain,  in the name
of the Indenture Trustee, for the benefit of the Noteholders and the Certificate
Paying Agent, on behalf of the  Certificateholders  and the Credit Enhancer, the
Payment Account as provided in Section 3.01 of this Indenture.

         (b) All  monies  deposited  from  time to time in the  Payment  Account
pursuant to the Servicing  Agreement and all deposits  therein  pursuant to this
Indenture  are for the benefit of the  Noteholders  and the  Certificate  Paying
Agent, on behalf of the  Certificateholders  and all investments  made with such
monies  including  all  income or other gain from such  investments  are for the
benefit of the Master Servicer as provided by the Servicing Agreement.

         On each Payment  Date,  the  Indenture  Trustee  shall  distribute  all
amounts on deposit in the Payment Account to Noteholders in respect of the Notes
and in its capacity as  Certificate  Paying Agent to  Certificateholders  in the
order of priority set forth in Section  3.05  (except as  otherwise  provided in
Section 5.04(b).

         The Master  Servicer  shall direct the Indenture  Trustee in writing to
invest any funds in the Payment  Account in  Permitted  Investments  maturing no
later than the Business Day preceding each Payment Date and shall not be sold or
disposed of prior to the maturity.

         Section  8.03.  Officer's  Certificate.  The  Indenture  Trustee  shall
receive at least  seven days  notice  when  requested  by the Issuer to take any
action pursuant to Section 8.05(a),  accompanied by copies of any instruments to
be executed,  and the Indenture  Trustee  shall also require,  as a condition to
such action, an Officer's Certificate, in form and substance satisfactory to the
Indenture  Trustee,  stating the legal effect of any such action,  outlining the
steps  required  to  complete  the  same,  and  concluding  that all  conditions
precedent to the taking of such action have been complied with.

               Section 8.04. Termination Upon Distribution to Noteholders.  This
          Indenture and the respective  obligations and  responsibilities of the
          Issuer and the Indenture Trustee created
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<PAGE>



hereby shall terminate upon the distribution to Noteholders,  Certificate Paying
Agent,  on behalf of the  Certificateholders  and the  Indenture  Trustee of all
amounts required to be distributed  pursuant to Article III; provided,  however,
that in no event shall the trust created hereby  continue  beyond the expiration
of 21 years  from the  death of the  survivor  of the  descendants  of Joseph P.
Kennedy,  the late  ambassador  of the United  States to the Court of St. James,
living on the date hereof.

         Section 8.05.  Release of Trust  Estate.  (a) Subject to the payment of
its fees and  expenses,  the  Indenture  Trustee may,  and when  required by the
provisions of this Indenture shall, execute instruments to release property from
the lien of this Indenture,  or convey the Indenture  Trustee's  interest in the
same, in a manner and under  circumstances  that are not  inconsistent  with the
provisions of this  Indenture.  No party relying upon an instrument  executed by
the Indenture  Trustee as provided in Article VIII  hereunder  shall be bound to
ascertain the Indenture  Trustee's  authority,  inquire into the satisfaction of
any conditions precedent, or see to the application of any monies.

         (b) The Indenture Trustee shall, at such time as (i) there are no Notes
Outstanding,  (ii) all sums due the Indenture Trustee pursuant to this Indenture
have been  paid,  and (iii) all sums due the  Credit  Enhancer  have been  paid,
release any  remaining  portion of the Trust  Estate that secured the Notes from
the lien of this Indenture.

         (c) The Indenture  Trustee shall release property from the lien of this
Indenture  pursuant to this Section 8.05 only upon receipt of a request from the
Issuer  accompanied  by an  Officers'  Certificate  and a letter from the Credit
Enhancer, stating that the Credit Enhancer has no objection to such request from
the Issuer.

         (d) The Indenture  Trustee  shall,  at the request of the Issuer or the
Depositor,  surrender the Credit  Enhancement  Instrument to the Credit Enhancer
for cancellation, upon final payment of the Class A Ownership Interest.

         Section 8.06.  Surrender of Notes Upon Final Payment.  By acceptance of
any Note,  the Holder  thereof  agrees to surrender  such Note to the  Indenture
Trustee  promptly,  prior to such  Noteholder's  receipt  of the  final  payment
thereon.

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<PAGE>



                                   ARTICLE IX

                             Supplemental Indentures

         Section 9.01.  Supplemental  Indentures Without Consent of Noteholders.
(a) Without the consent of the Holders of any Notes but with prior notice to the
Rating Agencies and the Credit Enhancer,  the Issuer and the Indenture  Trustee,
when  authorized by an Issuer  Request,  at any time and from time to time,  may
enter into one or more  indentures  supplemental  hereto (which shall conform to
the  provisions  of the  Trust  Indenture  Act as in  force  at the  date of the
execution  thereof),  in form satisfactory to the Indenture Trustee,  for any of
the following purposes:

                        (i)  to  correct  or  amplify  the  description  of  any
         property at any time subject to the lien of this  Indenture,  or better
         to assure,  convey and confirm unto the Indenture  Trustee any property
         subject or required to be subjected to the lien of this  Indenture,  or
         to subject to the lien of this Indenture additional property;

                       (ii) to evidence the  succession,  in compliance with the
         applicable  provisions hereof, of another person to the Issuer, and the
         assumption by any such  successor of the covenants of the Issuer herein
         and in the Notes contained;

               (iii) to add to the  covenants of the Issuer,  for the benefit of
          the Holders of the Notes or the Credit  Enhancer,  or to surrender any
          right or power herein conferred upon the Issuer;

               (iv) to convey, transfer, assign, mortgage or pledge any property
          to or with the Indenture Trustee;

               (v) to cure any ambiguity, to correct or supplement any provision
          herein or in any supplemental  indenture that may be inconsistent with
          any other provision herein or in any supplemental indenture;

                       (vi) to make any other provisions with respect to matters
         or  questions  arising  under  this  Indenture  or in any  supplemental
         indenture;   provided,  that  such  action  shall  not  materially  and
         adversely  affect  the  interests  of the  Holders  of the Notes or the
         Credit Enhancer;

                      (vii) to evidence  and provide for the  acceptance  of the
         appointment  hereunder by a successor trustee with respect to the Notes
         and to add to or change  any of the  provisions  of this  Indenture  as
         shall be  necessary  to  facilitate  the  administration  of the trusts
         hereunder by more than one  trustee,  pursuant to the  requirements  of
         Article VI; or

                     (viii) to modify,  eliminate  or add to the  provisions  of
         this  Indenture  to such  extent as shall be  necessary  to effect  the
         qualification  of this  Indenture  under the TIA or under  any  similar
         federal  statute  hereafter  enacted and to add to this  Indenture such
         other provisions as may be expressly required by the TIA;

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<PAGE>




provided,  however,  that no such  indenture  supplements  shall be entered into
unless the  Indenture  Trustee  shall have  received an Opinion of Counsel  that
entering into such indenture  supplement will not have any material  adverse tax
consequences to the Noteholders.

         The Indenture  Trustee is hereby authorized to join in the execution of
any such supplemental  indenture and to make any further appropriate  agreements
and stipulations that may be therein contained.

         (b) The Issuer and the Indenture Trustee,  when authorized by an Issuer
Request,  may,  also  without the consent of any of the Holders of the Notes but
with prior notice to the Rating Agencies and the Credit Enhancer,  enter into an
indenture  or  indentures  supplemental  hereto  for the  purpose  of adding any
provisions  to, or changing in any manner or  eliminating  any of the provisions
of, this  Indenture  or of  modifying in any manner the rights of the Holders of
the Notes under this Indenture;  provided,  however, that such action shall not,
as  evidenced  by an Opinion of Counsel,  (i)  adversely  affect in any material
respect the interests of any Noteholder or the Credit Enhancer or (ii) cause the
Issuer to be subject to an entity level tax.

         Section 9.02. Supplemental Indentures With Consent of Noteholders.  The
Issuer and the Indenture  Trustee,  when authorized by an Issuer  Request,  also
may,  with  prior  notice to the  Rating  Agencies  and with the  consent of the
Holders of not less than a majority  of the  Security  Balances of each Class of
Notes affected thereby and the Credit Enhancer, by Act of such Holders delivered
to the Issuer and the Indenture  Trustee,  enter into an indenture or indentures
supplemental  hereto for the purpose of adding any provisions to, or changing in
any  manner or  eliminating  any of the  provisions  of,  this  Indenture  or of
modifying  in any  manner  the  rights of the  Holders  of the Notes  under this
Indenture; provided, however, that no such supplemental indenture shall, without
the consent of the Holder of each Note affected thereby:

                        (i) change the date of  payment  of any  installment  of
         principal of or interest on any Note,  or reduce the  principal  amount
         thereof or the interest  rate  thereon,  change the  provisions of this
         Indenture  relating  to  the  application  of  collections  on,  or the
         proceeds of the sale of, the Trust Estate to payment of principal of or
         interest  on the Notes,  or change any place of payment  where,  or the
         coin or currency in which, any Note or the interest thereon is payable,
         or  impair  the  right to  institute  suit for the  enforcement  of the
         provisions  of  this  Indenture  requiring  the  application  of  funds
         available  therefor,  as  provided  in Article V, to the payment of any
         such  amount  due on the  Notes on or after  the  respective  due dates
         thereof;

                       (ii) reduce the  percentage  of the Security  Balances of
         the Notes, the consent of the Holders of which is required for any such
         supplemental  indenture,  or the  consent  of the  Holders  of which is
         required for any waiver of compliance  with certain  provisions of this
         Indenture or certain defaults hereunder and their consequences provided
         for in this Indenture;

               (iii)  modify  or alter  the  provisions  of the  proviso  to the
          definition of the term  "Outstanding" or modify or alter the exception
          in the definition of the term "Holder";

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<PAGE>



                       (iv) reduce the  percentage  of the Security  Balances of
         the Notes required to direct the Indenture Trustee to direct the Issuer
         to sell or liquidate the Trust Estate pursuant to Section 5.04;

                        (v) modify any  provision of this Section 9.02 except to
         increase  any  percentage  specified  herein or to provide that certain
         additional  provisions of this Indenture or the Basic Documents  cannot
         be  modified  or waived  without the consent of the Holder of each Note
         affected thereby;

                       (vi) modify any of the  provisions  of this  Indenture in
         such manner as to affect the  calculation  of the amount of any payment
         of interest or principal due on any Note on any Payment Date (including
         the   calculation  of  any  of  the   individual   components  of  such
         calculation); or

                      (vii) permit the creation of any lien ranking  prior to or
         on a parity with the lien of this Indenture with respect to any part of
         the Trust  Estate or,  except as otherwise  permitted  or  contemplated
         herein,  terminate  the lien of this  Indenture  on any property at any
         time  subject  hereto or deprive the Holder of any Note of the security
         provided by the lien of this  Indenture;  and provided,  further,  that
         such action shall not, as evidenced by an Opinion of Counsel, cause the
         Issuer to be subject to an entity level tax.

         The Indenture  Trustee may in its discretion  determine  whether or not
any  Notes  would  be  affected  by any  supplemental  indenture  and  any  such
determination  shall  be  conclusive  upon the  Holders  of all  Notes,  whether
theretofore or thereafter  authenticated and delivered hereunder.  The Indenture
Trustee shall not be liable for any such determination made in good faith.

         It shall not be  necessary  for any Act of  Noteholders  (as defined in
Section  10.03) under this Section  9.02 to approve the  particular  form of any
proposed  supplemental  indenture,  but it shall be sufficient if such Act shall
approve the substance thereof.

         Promptly after the execution by the Issuer and the Indenture Trustee of
any supplemental  indenture pursuant to this Section 9.02, the Indenture Trustee
shall mail to the Holders of the Notes to which such  amendment or  supplemental
indenture  relates a notice setting forth in general terms the substance of such
supplemental  indenture.  Any  failure  of the  Indenture  Trustee  to mail such
notice, or any defect therein,  shall not, however,  in any way impair or affect
the validity of any such supplemental indenture.

         Section 9.03. Execution of Supplemental  Indentures.  In executing,  or
permitting  the  additional  trusts  created  by,  any  supplemental   indenture
permitted by this Article IX or the  modification  thereby of the trusts created
by this  Indenture,  the  Indenture  Trustee  shall be entitled to receive,  and
subject to Sections 6.01 and 6.02,  shall be fully protected in relying upon, an
Opinion of Counsel stating that the execution of such supplemental  indenture is
authorized or permitted by this Indenture.  The Indenture Trustee may, but shall
not be obligated to, enter into any such supplemental indenture that affects the
Indenture  Trustee's own rights,  duties,  liabilities or immunities  under this
Indenture or otherwise.


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<PAGE>



         Section 9.04. Effect of Supplemental  Indenture.  Upon the execution of
any supplemental  indenture  pursuant to the provisions  hereof,  this Indenture
shall be and shall be deemed to be modified and amended in accordance  therewith
with  respect  to  the  Notes  affected  thereby,  and  the  respective  rights,
limitations of rights,  obligations,  duties,  liabilities and immunities  under
this Indenture of the Indenture Trustee, the Issuer and the Holders of the Notes
shall thereafter be determined,  exercised and enforced hereunder subject in all
respects to such modifications and amendments,  and all the terms and conditions
of any such  supplemental  indenture  shall be and be  deemed  to be part of the
terms and conditions of this Indenture for any and all purposes.

         Section 9.05.  Conformity  with Trust Indenture Act. Every amendment of
this  Indenture  and every  supplemental  indenture  executed  pursuant  to this
Article IX shall conform to the  requirements of the Trust Indenture Act as then
in effect so long as this  Indenture  shall  then be  qualified  under the Trust
Indenture Act.

         Section  9.06.  Reference in Notes to  Supplemental  Indentures.  Notes
authenticated  and delivered after the execution of any  supplemental  indenture
pursuant to this Article IX may, and if required by the Indenture Trustee shall,
bear a  notation  in form  approved  by the  Indenture  Trustee as to any matter
provided  for in such  supplemental  indenture.  If the Issuer or the  Indenture
Trustee shall so determine,  new Notes so modified as to conform, in the opinion
of the Indenture Trustee and the Issuer, to any such supplemental  indenture may
be prepared and executed by the Issuer and  authenticated  and  delivered by the
Indenture Trustee in exchange for Outstanding Notes.

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<PAGE>



                                    ARTICLE X

                                  Miscellaneous

         Section 10.01.  Compliance Certificates and Opinions, etc. (a) Upon any
application or request by the Issuer to the Indenture Trustee to take any action
under any provision of this Indenture, the Issuer shall furnish to the Indenture
Trustee and to the Credit Enhancer (i) an Officer's Certificate stating that all
conditions  precedent,  if any,  provided for in this Indenture  relating to the
proposed  action have been complied with and (ii) an Opinion of Counsel  stating
that in the opinion of such counsel all such conditions precedent,  if any, have
been complied with,  except that, in the case of any such application or request
as to which the  furnishing of such  documents is  specifically  required by any
provision  of this  Indenture,  no  additional  certificate  or opinion  need be
furnished.

         Every  certificate  or  opinion  with  respect  to  compliance  with  a
condition or covenant provided for in this Indenture shall include:

                  (1) a statement  that each  signatory of such  certificate  or
         opinion has read or has caused to be read such  covenant  or  condition
         and the definitions herein relating thereto;

               (2)  a  brief  statement  as to  the  nature  and  scope  of  the
          examination  or  investigation  upon which the  statements or opinions
          contained in such certificate or opinion are based;

                  (3) a statement  that, in the opinion of each such  signatory,
         such  signatory  has  made  such  examination  or  investigation  as is
         necessary to enable such signatory to express an informed opinion as to
         whether or not such covenant or condition has been complied with;

               (4) a  statement  as to  whether,  in the  opinion  of each  such
          signatory, such condition or covenant has been complied with; and

               (5) if the Signer of such  Certificate  or Opinion is required to
          be Independent,  the Statement  required by the definition of the term
          "Independent".

         (b) (i) Prior to the  deposit of any  Collateral  or other  property or
securities  with the  Indenture  Trustee  that is to be made the  basis  for the
release of any property or securities subject to the lien of this Indenture, the
Issuer  shall,  in addition  to any  obligation  imposed in Section  10.01(a) or
elsewhere  in this  Indenture,  furnish to the  Indenture  Trustee an  Officer's
Certificate  certifying  or stating  the  opinion of each  person  signing  such
certificate  as to the fair value (within 90 days of such deposit) to the Issuer
of the Collateral or other property or securities to be so deposited.

               (ii)  Whenever the Issuer is required to furnish to the Indenture
          Trustee an Officer's Certificate  certifying or stating the opinion of
          any signer  thereof as to the matters  described  in clause (i) above,
          the Issuer shall also deliver to the Indenture  Trustee an Independent
          Certificate as to the same matters, if the fair value to the Issuer of
          the securities to
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<PAGE>



be so  deposited  and of all other  such  securities  made the basis of any such
withdrawal or release since the commencement of the then-current  fiscal year of
the Issuer,  as set forth in the certificates  delivered  pursuant to clause (i)
above and this  clause  (ii),  is 10% or more of the  Security  Balances  of the
Notes,  but  such a  certificate  need  not be  furnished  with  respect  to any
securities so deposited, if the fair value thereof to the Issuer as set forth in
the related Officer's  Certificate is less than $25,000 or less than one percent
of the Security Balances of the Notes.

               (iii) Whenever any property or securities are to be released from
          the lien of this  Indenture,  the  Issuer  shall  also  furnish to the
          Indenture Trustee an Officer's  Certificate  certifying or stating the
          opinion of each person  signing such  certificate as to the fair value
          (within  90  days of  such  release)  of the  property  or  securities
          proposed to be released and stating that in the opinion of such person
          the proposed release will not impair the security under this Indenture
          in contravention of the provisions hereof.

               (iv)  Whenever the Issuer is required to furnish to the Indenture
          Trustee an Officer's Certificate  certifying or stating the opinion of
          any signer thereof as to the matters  described in clause (iii) above,
          the Issuer shall also furnish to the Indenture  Trustee an Independent
          Certificate  as to the same  matters if the fair value of the property
          or  securities  and of all other  property,  other  than  property  as
          contemplated by clause (v) below or securities  released from the lien
          of this Indenture since the commencement of the then-current  calendar
          year, as set forth in the certificates  required by clause (iii) above
          and this clause (iv),  equals 10% or more of the Security  Balances of
          the Notes,  but such  certificate need not be furnished in the case of
          any release of property or securities if the fair value thereof as set
          forth in the related  Officer's  Certificate  is less than  $25,000 or
          less than one percent of the then Security Balances of the Notes.

               (v) Notwithstanding  any provision of this Indenture,  the Issuer
          may, without  compliance with the requirements of the other provisions
          of this Section 10.01, (A) collect,  sell or otherwise  dispose of the
          Class A Ownership  Interest as and to the extent permitted or required
          by the Basic  Documents  or (B) make cash  payments out of the Payment
          Account  as and to the  extent  permitted  or  required  by the  Basic
          Documents,  so long  as the  Issuer  shall  deliver  to the  Indenture
          Trustee every six months,  commencing  December 31, 1996, an Officer's
          Certificate  of the  Issuer  stating  that  all  the  dispositions  of
          Collateral  described in clauses (A) or (B) above that occurred during
          the preceding six calendar  months were in the ordinary  course of the
          Issuer's  business  and that the  proceeds  thereof  were  applied  in
          accordance with the Basic Documents.

         Section 10.02. Form of Documents Delivered to Indenture Trustee. In any
case where  several  matters are required to be  certified  by, or covered by an
opinion of, any specified  Person,  it is not necessary that all such matters be
certified  by, or covered by the opinion of, only one such Person,  or that they
be so certified or covered by only one document, but one such Person may certify
or give an  opinion  with  respect  to some  matters  and one or more other such
Persons as to other matters,  and any such Person may certify or give an opinion
as to such matters in one or several documents.

         Any  certificate or opinion of an Authorized  Officer of the Issuer may
be based, insofar as it relates to legal matters,  upon a certificate or opinion
of, or representations by, counsel,

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<PAGE>



unless such officer  knows,  or in the exercise of reasonable  care should know,
that the certificate or opinion or  representations  with respect to the matters
upon  which  his  certificate  or  opinion  is  based  are  erroneous.  Any such
certificate of an Authorized Officer or Opinion of Counsel may be based, insofar
as it  relates  to  factual  matters,  upon a  certificate  or  opinion  of,  or
representations by, an officer or officers of the Seller or the Issuer,  stating
that the  information  with respect to such factual matters is in the possession
of the Seller or the Issuer,  unless such counsel  knows,  or in the exercise of
reasonable care should know, that the certificate or opinion or  representations
with respect to such matters are erroneous.

         Where any  Person is  required  to make,  give or  execute  two or more
applications,  requests, consents,  certificates,  statements, opinions or other
instruments  under this Indenture,  they may, but need not, be consolidated  and
form one instrument.

         Whenever in this  Indenture,  in  connection  with any  application  or
certificate or report to the Indenture  Trustee,  it is provided that the Issuer
shall  deliver any document as a condition of the granting of such  application,
or as evidence of the Issuer's  compliance with any term hereof,  it is intended
that the truth and accuracy,  at the time of the granting of such application or
at the effective date of such certificate or report (as the case may be), of the
facts and  opinions  stated in such  document  shall in such case be  conditions
precedent to the right of the Issuer to have such application  granted or to the
sufficiency of such certificate or report. The foregoing shall not, however,  be
construed  to affect the  Indenture  Trustee's  right to rely upon the truth and
accuracy of any statement or opinion  contained in any such document as provided
in Article VI.

         Section  10.03.   Acts  of  Noteholders.   (a)  Any  request,   demand,
authorization,  direction,  notice,  consent, waiver or other action provided by
this  Indenture  to be  given or taken by  Noteholders  may be  embodied  in and
evidenced by one or more  instruments of  substantially  similar tenor signed by
such Noteholders in person or by agents duly appointed in writing; and except as
herein otherwise expressly provided such action shall become effective when such
instrument or instruments are delivered to the Indenture Trustee,  and, where it
is hereby expressly required, to the Issuer. Such instrument or instruments (and
the action embodied therein and evidenced thereby) are herein sometimes referred
to as the "Act" of the Noteholders signing such instrument or instruments. Proof
of execution of any such  instrument or of a writing  appointing  any such agent
shall be  sufficient  for any purpose of this  Indenture and (subject to Section
6.01)  conclusive in favor of the Indenture  Trustee and the Issuer,  if made in
the manner provided in this Section 10.03.

         (b) The  fact  and  date of the  execution  by any  person  of any such
instrument  or writing  may be proved in any manner that the  Indenture  Trustee
deems sufficient.

         (c)  The ownership of Notes shall be proved by the Note Registrar.

         (d) Any request,  demand,  authorization,  direction,  notice, consent,
waiver or other action by the Holder of any Notes shall bind the Holder of every
Note issued  upon the  registration  thereof or in exchange  therefor or in lieu
thereof,  in respect of  anything  done,  omitted or  suffered to be done by the
Indenture Trustee or the Issuer in reliance thereon,  whether or not notation of
such action is made upon such Note.

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                                                        55

<PAGE>




         Section 10.04.  Notices,  etc., to Indenture  Trustee,  Issuer,  Credit
Enhancer and Rating Agencies.  Any request,  demand,  authorization,  direction,
notice,  consent,  waiver or Act of Noteholders or other  documents  provided or
permitted by this  Indenture  shall be in writing and if such  request,  demand,
authorization, direction, notice, consent, waiver or Act of Noteholders is to be
made upon, given or furnished to or filed with:

                        (i) the  Indenture  Trustee by any  Noteholder or by the
         Issuer shall be sufficient for every purpose  hereunder if made, given,
         furnished or filed in writing to or with the  Indenture  Trustee at the
         Corporate Trust Office.  The Indenture  Trustee shall promptly transmit
         any notice received by it from the Noteholders to the Issuer, or

                       (ii)  the  Issuer  by  the  Indenture  Trustee  or by any
         Noteholder  shall be  sufficient  for  every  purpose  hereunder  if in
         writing and mailed first-class, postage prepaid to the Issuer addressed
         to:  Home  Equity  Loan Trust  1996-HS3,  in care of  Wilmington  Trust
         Company, or at any other address previously furnished in writing to the
         Indenture Trustee by the Issuer. The Issuer shall promptly transmit any
         notice received by it from the Noteholders to the Indenture Trustee, or

                      (iii) the Credit  Enhancer  by the Issuer,  the  Indenture
         Trustee or by any  Noteholders  shall be  sufficient  for every purpose
         hereunder to in writing and mailed,  first-class  postage pre-paid,  or
         personally delivered or telecopied to: AMBAC Indemnity Corporation, One
         State Street Plaza,  17th Floor,  New York, New York 10004,  telecopier
         number (212) 509-9190.  The Credit Enhancer shall promptly transmit any
         notice  received by it from the Issuer,  the  Indenture  Trustee or the
         Noteholders to the Issuer or Indenture Trustee, as the case may be.

         Notices required to be given to the Rating Agencies by the Issuer,  the
Indenture Trustee or the Owner Trustee shall be in writing, personally delivered
or mailed by certified  mail,  return receipt  requested,  to (i) in the case of
Moody's,  at  the  following  address:  Moody's  Investors  Service,  Inc.,  ABS
Monitoring  Department,  99 Church Street,  New York, New York 10007 and (ii) in
the case of  Standard  & Poor's,  at the  following  address:  Standard & Poor's
Ratings Services, 26 Broadway (15th Floor), New York, New York 10004,  Attention
of Asset Backed Surveillance Department; or as to each of the foregoing, at such
other address as shall be designated by written notice to the other parties.

         Section 10.05.  Notices to  Noteholders;  Waiver.  Where this Indenture
provides  for  notice  to  Noteholders  of  any  event,  such  notice  shall  be
sufficiently  given (unless  otherwise herein expressly  provided) if in writing
and mailed,  first-class,  postage prepaid to each  Noteholder  affected by such
event,  at such Person's  address as it appears on the Note Register,  not later
than the latest date, and not earlier than the earliest date, prescribed for the
giving of such notice. In any case where notice to Noteholders is given by mail,
neither  the  failure to mail such notice nor any defect in any notice so mailed
to any particular  Noteholder  shall affect the  sufficiency of such notice with
respect to other Noteholders, and any notice that is mailed in the manner herein
provided shall  conclusively  be presumed to have been duly given  regardless of
whether such notice is in fact actually received.


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<PAGE>



         Where this Indenture provides for notice in any manner, such notice may
be waived in writing by any Person  entitled  to  receive  such  notice,  either
before or after the  event,  and such  waiver  shall be the  equivalent  of such
notice.  Waivers  of notice by  Noteholders  shall be filed  with the  Indenture
Trustee but such filing  shall not be a condition  precedent  to the validity of
any action taken in reliance upon such a waiver.

         In case,  by reason of the  suspension  of  regular  mail  service as a
result of a strike,  work stoppage or similar activity,  it shall be impractical
to mail  notice of any event to  Noteholders  when such notice is required to be
given  pursuant to any  provision of this  Indenture,  then any manner of giving
such notice as shall be satisfactory to the Indenture Trustee shall be deemed to
be a sufficient giving of such notice.

         Where  this  Indenture  provides  for  notice to the  Rating  Agencies,
failure to give such  notice  shall not affect any other  rights or  obligations
created hereunder,  and shall not under any circumstance  constitute an Event of
Default.

         Section 10.06. Alternate Payment and Notice Provisions. Notwithstanding
any provision of this Indenture or any of the Notes to the contrary,  the Issuer
may enter into any agreement with any Holder of a Note providing for a method of
payment,  or notice by the Indenture  Trustee to such Holder,  that is different
from the methods  provided for in this  Indenture  for such payments or notices.
The Issuer shall furnish to the Indenture  Trustee a copy of each such agreement
and the  Indenture  Trustee  shall  cause  payments to be made and notices to be
given in accordance with such agreements.

         Section  10.07.  Conflict  with Trust  Indenture  Act. If any provision
hereof  limits,  qualifies or conflicts  with another  provision  hereof that is
required to be included in this  Indenture by any of the provisions of the Trust
Indenture Act, such required provision shall control.

         The provisions of TIA ss.ss.  310 through 317 that impose duties on any
Person  (including the provisions  automatically  deemed  included herein unless
expressly  excluded by this  Indenture) are a part of and govern this Indenture,
whether or not physically contained herein.

               Section  10.08.  Effect of  Headings.  The  Article  and  Section
          headings  herein  are for  convenience  only and shall not  affect the
          construction hereof.
         Section 10.09.  Successors and Assigns. All covenants and agreements in
this  Indenture  and the  Notes by the  Issuer  shall  bind its  successors  and
assigns, whether so expressed or not. All agreements of the Indenture Trustee in
this Indenture shall bind its successors, co-trustees and agents.

               Section  10.10.  Separability.  In  case  any  provision  in this
          Indenture or in the Notes shall be invalid,  illegal or unenforceable,
          the validity, legality, and enforceability of the remaining provisions
          shall not in any way be affected or impaired thereby.

               Section 10.11.  Benefits of Indenture.  Nothing in this Indenture
          or in the Notes,  express or implied,  shall give to any Person, other
          than the  parties  hereto  and  their  successors  hereunder,  and the
          Noteholders,   the  Credit  Enhancer,  and  any  other  party  secured
          hereunder,
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<PAGE>



and any other Person with an ownership interest in any part of the Trust Estate,
any  benefit  or any  legal or  equitable  right,  remedy  or claim  under  this
Indenture.

         Section 10.12. Legal Holidays.  In any case where the date on which any
payment  is due shall not be a Business  Day,  then  (notwithstanding  any other
provision of the Notes or this Indenture) payment need not be made on such date,
but may be made on the next  succeeding  Business  Day with the same  force  and
effect as if made on the date on which  nominally  due,  and no  interest  shall
accrue for the period from and after any such nominal date.

         Section  10.13.  GOVERNING  LAW. THIS  INDENTURE  SHALL BE CONSTRUED
IN
ACCORDANCE  WITH THE LAWS OF THE STATE OF NEW  YORK,  WITHOUT 
REFERENCE  TO ITS
CONFLICT OF LAW  PROVISIONS,  AND THE  OBLIGATIONS,  RIGHTS AND 
REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS.

               Section  10.14.  Counterparts.  This Indenture may be executed in
          any number of counterparts,  each of which so executed shall be deemed
          to be an original, but all such counterparts shall together constitute
          but one and the same instrument.

         Section 10.15. Recording of Indenture.  If this Indenture is subject to
recording in any appropriate public recording  offices,  such recording is to be
effected by the Issuer and at its expense  accompanied  by an Opinion of Counsel
(which may be counsel to the Indenture  Trustee or any other counsel  reasonably
acceptable  to the  Indenture  Trustee)  to the effect  that such  recording  is
necessary  either for the  protection  of the  Noteholders  or any other  Person
secured  hereunder or for the  enforcement of any right or remedy granted to the
Indenture Trustee under this Indenture.

         Section 10.16. Issuer Obligation. No recourse may be taken, directly or
indirectly,  with respect to the obligations of the Issuer, the Owner Trustee or
the Indenture Trustee on the Notes or under this Indenture or any certificate or
other  writing  delivered in connection  herewith or therewith,  against (i) the
Indenture  Trustee or the Owner  Trustee in its  individual  capacity,  (ii) any
owner of a  beneficial  interest  in the  Issuer  or (iii) any  partner,  owner,
beneficiary,  agent,  officer,  director,  employee  or agent  of the  Indenture
Trustee  or the  Owner  Trustee  in its  individual  capacity,  any  holder of a
beneficial interest in the Issuer, the Owner Trustee or the Indenture Trustee or
of any successor or assign of the Indenture  Trustee or the Owner Trustee in its
individual  capacity,  except as any such Person may have  expressly  agreed (it
being  understood that the Indenture  Trustee and the Owner Trustee have no such
obligations  in their  individual  capacity)  and except that any such  partner,
owner or beneficiary shall be fully liable, to the extent provided by applicable
law, for any unpaid  consideration  for stock,  unpaid capital  contribution  or
failure to pay any installment or call owing to such entity. For all purposes of
this  Indenture,  in the  performance of any duties or obligations of the Issuer
hereunder,  the Owner  Trustee shall be subject to, and entitled to the benefits
of, the terms and provisions of Article VI, VII and VIII of the Trust Agreement.

               Section 10.17. No Petition.  The Indenture  Trustee,  by entering
          into this Indenture, and each Noteholder,  by accepting a Note, hereby
          covenant  and agree that they will not at any time  institute  against
          the  Depositor,  the  1996-HS3  LLC  or the  Issuer,  or  join  in any
          institution
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                                                        58

<PAGE>



against  the  Depositor,  the  1996-HS3  LLC or the Issuer  of, any  bankruptcy,
reorganization,  arrangement,  insolvency or liquidation  proceedings,  or other
proceedings  under any United States federal or state  bankruptcy or similar law
in connection with any obligations  relating to the Notes, this Indenture or any
of the Basic Documents.

         Section 10.18. Inspection.  The Issuer agrees that, on reasonable prior
notice, it shall permit any representative of the Indenture Trustee,  during the
Issuer's normal  business  hours, to examine all the books of account,  records,
reports and other papers of the Issuer,  to make copies and extracts  therefrom,
to cause such books to be audited by Independent  certified public  accountants,
and to discuss the Issuer's  affairs,  finances  and accounts  with the Issuer's
officers,  employees, and Independent certified public accountants,  all at such
reasonable  times and as often as may be  reasonably  requested.  The  Indenture
Trustee shall and shall cause its representatives to hold in confidence all such
information  except to the extent  disclosure  may be  required  by law (and all
reasonable applications for confidential treatment are unavailing) and except to
the  extent  that the  Indenture  Trustee  may  reasonably  determine  that such
disclosure is consistent with its obligations hereunder.

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<PAGE>



         IN WITNESS  WHEREOF,  the Issuer and the Indenture  Trustee have caused
their names to be signed  hereto by their  respective  officers  thereunto  duly
authorized, all as of the day and year first above written.

              HOME EQUITY LOAN TRUST 1996-HS3,
                                  as Issuer

                                           Wilmington Trust Company
                                           not in its individual capacity
                                           but solely as Owner Trustee

                                  By:
                                     Name:
                                     Title:


                  THE CHASE MANHATTAN BANK,
                                  as Indenture Trustee


                                  By:
                                     Name:          Regina Bishop
                                     Title:         Vice President


THE CHASE MANHATTAN BANK hereby accepts the appointment as Paying Agent pursuant
to Section 3.03 hereof and as Note Registrar pursuant to Section 4.02 hereof.



By:
Name:    Regina Bishop
Title:            Vice President



<PAGE>



STATE OF NEW YORK                           )
                                            ) ss.:
COUNTY OF NEW YORK                          )

         On this 30th day of October 1996, before me personally  appeared Emmett
R. Harmon,  to me known, who being by me duly sworn, did depose and say, that he
resides at 106 W. -Sutton Pla. Wilmongton,  DE, that he is the Vice President of
the Owner Trustee,  one of the corporations  described in and which executed the
above  instrument;  that he knows  the seal of said  corporation;  that the seal
affixed to said  instrument is such  corporate  seal;  that it was so affixed by
order of the Board of Directors of said corporation; and that he signed his name
thereto by like order.



                                                                Notary Public



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<PAGE>



STATE OF NEW YORK                )
                                 ) ss.:
COUNTY OF NEW YORK                          )

         On this 30th day of October, 1996, before me personally appeared Regina
Bishop,  to me known,  who being by me duly sworn,  did depose and say,  that he
resides at 450 West 33rd Street,  10th Floor, New York, NY, that she is the Vice
President  of  The  Chase  Manhattan  Bank,  as  Indenture  Trustee,  one of the
corporations  described  in and which  executed the above  instrument;  that she
knows the seal of said corporation;  that the seal affixed to said instrument is
such corporate  seal;  that it was so affixed by order of the Board of Directors
of said corporation; and that he signed his name thereto by like order.


                                                             Notary Public



NOTORIAL SEAL

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                                                        62

<PAGE>



                                   Exhibit A-1

                               FORM OF TERM NOTES

                  Unless  this  Term  Note  is   presented   by  an   authorized
representative of The Depository Trust Company, a New York corporation  ("DTC"),
to the Issuer or its agent for  registration  of transfer,  exchange or payment,
and any Term  Note  issued  is  registered  in the name of Cede & Co. or in such
other  name as is  requested  by an  authorized  representative  of DTC (and any
payment  is made to Cede & Co. or to such  other  entity as is  requested  by an
authorized  representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR
VALUE OR  OTHERWISE BY OR TO ANY PERSON IS WRONGFUL  inasmuch as the 
registered
owner hereof, Cede & Co., has an interest herein.

                  THE PRINCIPAL OF THIS TERM NOTE IS PAYABLE IN INSTALLMENTS
AS SET FORTH HEREIN.  ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT
OF THIS TERM NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON
THE FACE HEREOF.

                  THIS TERM NOTE DOES NOT REPRESENT AN INTEREST IN OR
OBLIGATION
OF THE SELLER, THE DEPOSITOR,  THE MASTER SERVICER,  THE INDENTURE
TRUSTEE,  THE
OWNER  TRUSTEE  OR  GMAC  MORTGAGE   CORPORATION  OR  ANY  OF  THEIR 
RESPECTIVE
AFFILIATES,  EXCEPT  AS  EXPRESSLY  PROVIDED  IN  THE  INDENTURE  OR  THE 
BASIC
DOCUMENTS.

                         HOME EQUITY LOAN TRUST 1996-HS3
                        Home Equity Loan-Backed Term Note


Registered                                Principal Amount:  $___________
                                          Percentage Interest:  100%
No. _                                     Note Rate:  Floating

CUSIP NO. ___________

                  Home  Equity  Loan  Trust  1996-HS3,  a  business  trust  duly
organized and existing under the laws of the State of Delaware  (herein referred
to as the "Issuer"), for value received, hereby promises to pay to Cede & Co. or
registered assigns,  the principal sum of $___________,  payable on each Payment
Date in an  amount  equal  to the  Percentage  Interest  specified  above of the
aggregate  amount,  if any,  payable  from the  Payment  Account  in  respect of
principal on the Term Notes  pursuant to Section 3.05 of the Indenture  dated as
of October 1, 1996 (the  "Indenture")  between  the Issuer,  as Issuer,  and The
Chase Manhattan Bank, as Indenture Trustee (the "Indenture Trustee");  provided,
however,  that the entire unpaid principal amount of this Term Note shall be due
and payable on the Payment Date in June 2022, to the extent not previously  paid
on a prior  Payment  Date.  Capitalized  terms used but not  defined  herein are
defined in Appendix A of the Indenture.


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                                                         1

<PAGE>



                  Interest  on the  Term  Notes  will  be paid  monthly  on each
Payment  Date at the Note  Rate  for the  related  Interest  Period  subject  to
limitations which may result in Interest Shortfalls (as further described in the
Indenture). The Note Rate for each Interest Period will be a floating rate equal
to the lesser of (i) LIBOR plus 0.21% per annum,  or, on any  Payment  Date when
the aggregate Principal Balance of the Revolving Credit Loans as of the last day
during the related  Collection  Period is less than 10% of the aggregate Cut-off
Date  Balance,  LIBOR plus 0.42% and (ii) the Maximum  Net Loan Rate.  LIBOR for
each applicable  Interest Period will be determined on the second LIBOR Business
Day immediately preceding (i) the Closing Date in the case of the first Interest
Period  and  (ii)  the  first  day of each  succeeding  Interest  Period  by the
Indenture Trustee as set forth in the Indenture.  All determinations of LIBOR by
the Indenture Trustee shall, in the absence of manifest error, be conclusive for
all purposes,  and each holder of this Term Note,  by accepting  this Term Note,
agrees to be bound by such determination. Interest on this Term Note will accrue
for each  Payment Date from the most recent  Payment Date on which  interest has
been paid (in the case of the first Payment Date,  from the Closing Date) to but
excluding  such  Payment  Date.  Interest  will be  computed on the basis of the
actual number of days in each  Interest  Period and a year assumed to consist of
360 days.  Principal  of and  interest  on this  Term Note  shall be paid in the
manner specified on the reverse hereof.

                  Principal  of and  interest  on this Term Note are  payable in
such coin or currency of the United  States of America as at the time of payment
is legal tender for payment of public and private  debts.  All payments  made by
the Issuer with respect to this Term Note shall be applied first to interest due
and payable on this Term Note as provided above and then to the unpaid principal
of this Term Note.

                  Reference is made to the further  provisions of this Term Note
set forth on the  reverse  hereof,  which  shall have the same  effect as though
fully set forth on the face of this Term Note.

                  Unless  the  certificate  of  authentication  hereon  has been
executed by the Indenture  Trustee whose name appears below by manual signature,
this Term Note shall not be entitled to any benefit under the Indenture referred
to on the reverse hereof, or be valid or obligatory for any purpose.


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                                                         2

<PAGE>



                  This Term Note is one of a duly authorized issue of Term Notes
of the Issuer,  designated  as its Home Equity  Loan-Backed  Term Notes  (herein
called the "Term Notes"), all issued under the Indenture, to which Indenture and
all indentures  supplemental thereto reference is hereby made for a statement of
the respective  rights and obligations  thereunder of the Issuer,  the Indenture
Trustee  and the  holders of the Term  Notes.  The Term Notes are subject to all
terms of the Indenture.

                  The Term Notes and the Variable  Funding Notes  (collectively,
the  "Notes")  are and will be equally  and  ratably  secured by the  collateral
pledged as security therefor as provided in the Indenture.

                  This Term Note is entitled to the  benefits of an  irrevocable
and unconditional  financial guaranty insurance policy issued by AMBAC Indemnity
Corporation.

                  Principal of and interest on this Term Note will be payable on
each  Payment  Date,  commencing  on November  20,  1996,  as  described  in the
Indenture. "Payment Date" means the twentieth day of each month, or, if any such
date is not a Business Day, then the next Business Day.

                  The entire unpaid  principal amount of this Term Note shall be
due and  payable  in full on the  Payment  Date  in June  2022  pursuant  to the
Indenture,  to  the  extent  not  previously  paid  on  a  prior  Payment  Date.
Notwithstanding the foregoing, if an Event of Default shall have occurred and be
continuing,  then the Indenture Trustee or the holders of Notes representing not
less than a majority of the  Security  Balances of all Notes with the consent of
the  Credit  Enhancer,  or the  Credit  Enhancer  may  declare  the  Notes to be
immediately  due and  payable in the  manner  provided  in  Section  5.02 of the
Indenture.  All  principal  payments on the Term Notes shall be made pro rata to
the holders of Term Notes entitled thereto.

                  Payments of interest on this Term Note due and payable on each
Payment Date, together with the installment of principal,  if any, to the extent
not in full  payment  of this Term  Note,  shall be made by check  mailed to the
Person whose name appears as the Registered  Holder of this Term Note (or one or
more Predecessor Notes) on the Note Register as of the close of business on each
Record  Date,  except that with respect to Term Notes  registered  on the Record
Date in the  name of the  nominee  of the  Depository  Agency  (initially,  such
nominee to be Cede & Co.), payments will be made by wire transfer in immediately
available funds to the account designated by such nominee.  Such checks shall be
mailed to the  Person  entitled  thereto  at the  address  of such  Person as it
appears on the Note Register as of the applicable  Record Date without requiring
that this Term Note be submitted  for notation of payment.  Any reduction in the
principal  amount of this Term Note (or any one or more  Predecessor Term Notes)
effected  by any  payments  made on any Payment  Date shall be binding  upon all
future  holders  of  this  Term  Note  and of any  Term  Note  issued  upon  the
registration of transfer hereof or in exchange hereof or in lieu hereof, whether
or not noted hereon.  If funds are expected to be available,  as provided in the
Indenture,  for payment in full of the then remaining unpaid principal amount of
this Term Note on a Payment Date, then the Indenture Trustee, in the name of and
on behalf of the Issuer,  will notify the Person who was the  Registered  Holder
hereof as of the Record Date  preceding  such Payment  Date by notice  mailed or
transmitted by facsimile prior to such Payment

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                                                         3

<PAGE>



Date,  and  the  amount  then  due  and  payable  shall  be  payable  only  upon
presentation  and  surrender of this Term Note at the address  specified in such
notice of final payment.

                  As   provided  in  the   Indenture   and  subject  to  certain
limitations set forth therein,  the transfer of this Term Note may be registered
on the Note  Register  upon  surrender  of this  Term Note for  registration  of
transfer at the Corporate  Trust Office,  duly endorsed by, or  accompanied by a
written  instrument of transfer in form  satisfactory  to the Indenture  Trustee
duly executed by, the holder hereof or such holder's attorney duly authorized in
writing,  with such signature guaranteed by an "eligible guarantor  institution"
meeting the  requirements  of the Note  Registrar,  which  requirements  include
membership or participation in the Securities Transfer Agent's Medallion Program
("STAMP") or such other  "signature  guarantee  program" as may be determined by
the Note  Registrar  in  addition  to, or in  substitution  for,  STAMP,  all in
accordance with the Securities  Exchange Act of 1934, as amended,  and thereupon
one or more new Term Notes in authorized denominations and in the same aggregate
principal amount will be issued to the designated transferee or transferees.  No
service charge will be charged for any  registration  of transfer or exchange of
this Term Note, but the Note Registrar shall require payment of a sum sufficient
to cover any tax or  governmental  charge that may be imposed in connection with
any registration of transfer or exchange of this Term Note.

                  Each holder or Beneficial  Owner of a Term Note, by acceptance
of a Term  Note,  or,  in the  case of a  Beneficial  Owner  of a Term  Note,  a
beneficial interest in a Term Note, covenants and agrees that no recourse may be
taken,  directly or indirectly,  with respect to the  obligations of the Issuer,
the Owner Trustee, the Seller, the Master Servicer, the Depositor,  the 1996-HS3
LLC or the  Indenture  Trustee on the Term Notes or under the  Indenture  or any
certificate or other writing delivered in connection therewith,  against (i) the
Indenture  Trustee or the Owner  Trustee in its  individual  capacity,  (ii) any
owner of a  beneficial  interest  in the  Issuer  or (iii) any  partner,  owner,
beneficiary,  agent,  officer,  director or employee of the Indenture Trustee or
the Owner  Trustee  in its  individual  capacity,  any  holder  of a  beneficial
interest in the Issuer,  the Owner  Trustee or the  Indenture  Trustee or of any
successor  or assign  of the  Indenture  Trustee  or the  Owner  Trustee  in its
individual  capacity,  except as any such Person may have  expressly  agreed and
except that any such partner, owner or beneficiary shall be fully liable, to the
extent provided by applicable law for any unpaid consideration for stock, unpaid
capital  contribution  or failure to pay any  installment  or call owing to such
entity.

                  Each holder or Beneficial  Owner of a Term Note, by acceptance
of a Term  Note  or,  in the  case  of a  Beneficial  Owner  of a Term  Note,  a
beneficial  interest  in a Term  Note,  covenants  and agrees by  accepting  the
benefits of the Indenture  that such holder or  Beneficial  Owner of a Term Note
will not at any time  institute  against the Depositor,  the Seller,  the Master
Servicer, GMAC Mortgage Corporation,  the 1996-HS3 LLC or the Issuer, or join in
any institution  against the Depositor,  the Seller,  the Master Servicer,  GMAC
Mortgage  Corporation,  the  1996-HS3  LLC or the  Issuer  of,  any  bankruptcy,
reorganization,  arrangement,  insolvency or liquidation  proceedings  under any
United States federal or state  bankruptcy or similar law in connection with any
obligations relating to the Term Notes, the Indenture or the Basic Documents.

                  The Issuer has entered into the  Indenture  and this Term Note
is issued with the intention that, for federal,  state and local income,  single
business and franchise tax purposes,

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                                                         4

<PAGE>



the Term Notes will qualify as indebtedness of the Issuer. Each holder of a Term
Note, by acceptance of a Term Note (and each Beneficial  Owner of a Term Note by
acceptance  of a beneficial  interest in a Term Note),  agrees to treat the Term
Notes for federal,  state and local  income,  single  business and franchise tax
purposes as indebtedness of the Issuer.

                  Prior to the due presentment  for  registration of transfer of
this Term Note, the Issuer, the Indenture Trustee and any agent of the Issuer or
the  Indenture  Trustee  may  treat the  Person in whose  name this Term Note is
registered  (as of the day of  determination  or as of such other date as may be
specified in the Indenture) as the owner hereof for all purposes, whether or not
this Term Note be overdue,  and none of the Issuer, the Indenture Trustee or any
such agent shall be affected by notice to the contrary.

                  The  Indenture  permits,  with certain  exceptions  as therein
provided,  the  amendment  thereof  and  the  modification  of  the  rights  and
obligations  of the  Issuer  and the  Indenture  Trustee  and the  rights of the
holders of the Term Notes under the  Indenture at any time by the Issuer and the
Indenture  Trustee  with the  consent  of the  holders of Notes  representing  a
majority of the Security  Balances of all Notes at the time  Outstanding and the
Credit Enhancer and with prior notice to the Rating Agencies. The Indenture also
contains  provisions  permitting  the  holders of Notes  representing  specified
percentages of the Security  Balances of all Notes,  on behalf of the holders of
all the Notes, to waive compliance by the Issuer with certain  provisions of the
Indenture and certain past defaults under the Indenture and their  consequences.
Any such  consent  or waiver by the holder of this Term Note (or any one of more
Predecessor  Term Notes)  shall be  conclusive  and binding upon such holder and
upon all future  holders of this Term Note and of any Term Note  issued upon the
registration  of transfer hereof or in exchange hereof or in lieu hereof whether
or not  notation  of such  consent  or waiver is made upon this Term  Note.  The
Indenture  also permits the Issuer and the  Indenture  Trustee to amend or waive
certain terms and conditions  set forth in the Indenture  without the consent of
holders of the Term Notes issued  thereunder but with prior notice to the Rating
Agencies and the Credit Enhancer.

                  The term  "Issuer"  as used in this  Term  Note  includes  any
successor or the Issuer under the Indenture.

                  The  Issuer  is  permitted  by the  Indenture,  under  certain
circumstances,  to merge or consolidate,  subject to the rights of the Indenture
Trustee and the holders of Term Notes under the Indenture.

                  The  Term  Notes  are  issuable  only  in  registered  form in
denominations  as  provided  in the  Indenture,  subject to certain  limitations
therein set forth.

                  This  Term  Note  and the  Indenture  shall  be  construed  in
accordance  with the laws of the State of New  York,  without  reference  to its
conflict  of law  provisions  and the  obligations,  rights and  remedies of the
parties  hereunder and  thereunder  shall be determined in accordance  with such
laws.

                  No reference  herein to the Indenture and no provision of this
Term Note or of the  Indenture  shall  alter or impair,  the  obligation  of the
Issuer, which is absolute and unconditional,

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                                                         5

<PAGE>



to pay the  principal of and interest on this Term Note at the times,  place and
rate, and in the coin or currency herein prescribed.

                  Anything  herein to the  contrary  notwithstanding,  except as
expressly  provided in the Basic Documents,  none of Wilmington Trust Company in
its individual  capacity,  The Chase Manhattan Bank, in its individual capacity,
any owner of a  beneficial  interest in the Issuer,  or any of their  respective
partners, beneficiaries, agents, officers, directors, employees or successors or
assigns shall be personally liable for, nor shall recourse be had to any of them
for, the payment of  principal  of or interest on this Term Note or  performance
of,  or  omission   to   perform,   any  of  the   covenants,   obligations   or
indemnifications contained in the Indenture. The holder of this Term Note by its
acceptance  hereof  agrees  that,  except  as  expressly  provided  in the Basic
Documents,  in the case of an Event of Default under the  Indenture,  the holder
shall have no claim  against any of the foregoing  for any  deficiency,  loss or
claim therefrom; provided, however, that nothing contained herein shall be taken
to prevent  recourse to, and enforcement  against,  the assets of the Issuer for
any and all liabilities, obligations and undertakings contained in the Indenture
or in this Term Note.

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                                                         6

<PAGE>



                  IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Issuer
and  not in its  individual  capacity,  has  caused  this  Term  Note to be duly
executed.

                                         HOME EQUITY LOAN TRUST 1996-HS3



                                By       WILMINGTON TRUST COMPANY, not in
                                    its individual capacity but solely as Owner
                                         Trustee


Dated:  October 30, 1996


                                By
                                         Authorized Signatory



                          CERTIFICATE OF AUTHENTICATION


This is one of the Term Notes referred to in the within mentioned Indenture.


                                           THE CHASE MANHATTAN BANK, not
                                      in its individual capacity but solely as
                                              Indenture Trustee


Dated:  October 30, 1996


                                         By
                                                  Authorized Signatory

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<PAGE>



                                   ASSIGNMENT


Social Security or taxpayer I.D. or other identifying number of
assignee:__________________________________________________________

                  FOR VALUE RECEIVED, the undersigned hereby sells, assigns
and transfer unto
==============================================================================
                         (name and address of assignee)
the within Term Note and all rights thereunder, and hereby irrevocably
constitutes and appoints
- ------------------------------------------------------------------------------
___________________________,  attorney,  to transfer said Term Note on the books
kept for registration thereof, with full power of substitution in the premises.

Dated: */
                                                        Signature Guaranteed:


*/



- --------
               * NOTICE:  The signature to this  assignment must correspond with
          the name of the --------

               registered  owner as it appears  on the face of the  within  Term
          Note in  every  particular,  without  alteration,  enlargement  or any
          change  whatever.  Such  signature  must be guaranteed by an "eligible
          guarantor institution" meeting the requirements of the Note Registrar,
          which  requirements  include  membership or  participation in STAMP or
          such other "signature  guarantee  program" as may be determined by the
          Note Registrar in addition to, or in substitution  for, STAMP,  all in
          accordance with the Securities Exchange Act of 1934, as amended.

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<PAGE>



                                   Exhibit A-2

                         FORM OF VARIABLE FUNDING NOTES

                  THIS  VARIABLE  FUNDING  NOTE  HAS NOT  BEEN  AND  WILL NOT BE
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR THE
SECURITIES LAWS
OF ANY  STATE  AND MAY NOT BE RESOLD  OR  TRANSFERRED  UNLESS  IT IS 
REGISTERED
PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR  TRANSFERRED IN 
TRANSACTIONS  WHICH
ARE EXEMPT FROM  REGISTRATION  UNDER SUCH ACT AND UNDER APPLICABLE
STATE LAW AND
IS  TRANSFERRED  IN  ACCORDANCE  WITH  THE  PROVISIONS  OF  SECTION  4.02
OF THE
INDENTURE REFERRED TO HEREIN.

                  THE PRINCIPAL OF THIS VARIABLE FUNDING NOTE IS PAYABLE IN
INSTALLMENTS AS SET FORTH HEREIN.  ACCORDINGLY, THE OUTSTANDING
PRINCIPAL AMOUNT OF THIS VARIABLE FUNDING NOTE AT ANY TIME MAY BE
LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

                  THIS  VARIABLE  FUNDING NOTE DOES NOT REPRESENT AN INTEREST
IN
OR OBLIGATION OF THE SELLER, THE DEPOSITOR,  THE MASTER SERVICER,  THE
INDENTURE
TRUSTEE,  THE  OWNER  TRUSTEE  OR  GMAC  MORTGAGE  CORPORATION  OR
ANY OF  THEIR
RESPECTIVE  AFFILIATES,  EXCEPT AS  EXPRESSLY  PROVIDED IN THE 
INDENTURE OR THE
BASIC DOCUMENTS.

                         HOME EQUITY LOAN TRUST 1996-HS3
                  Home Equity Loan-Backed Variable Funding Note


Registered                      Initial Maximum Variable
                                Funding Note Balance:  $____________

No. VFN-_                       Note Rate:  Floating


                  Home  Equity  Loan  Trust  1996-HS3,  a  business  trust  duly
organized and existing under the laws of the State of Delaware  (herein referred
to as the "Issuer"),  for value received,  hereby promises to pay to Residential
Funding  Corporation or registered  assigns,  the principal  amount set forth on
Schedule A attached hereto (or otherwise owing hereunder as determined  pursuant
to the  Indenture as defined  below),  payable on each Payment Date in an amount
equal to the pro rata portion  allocable hereto (based on the Security  Balances
of all Variable  Funding  Notes  immediately  prior to such Payment Date) of the
aggregate  amount,  if any,  payable  from the  Payment  Account  in  respect of
principal  on the  Variable  Funding  Notes  pursuant  to  Section  3.05  of the
Indenture dated as of October 1, 1996 (the  "Indenture")  between the Issuer, as
Issuer,  and The Chase  Manhattan  Bank,  as Indenture  Trustee (the  "Indenture
Trustee");  provided,  however,  that the entire unpaid principal amount of this
Variable funding Note shall be due and payable on the Payment Date in June 2022,
to the extent not previously paid on a

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                                                         1

<PAGE>



prior Payment Date.  Capitalized terms used but not defined herein are defined
 in Appendix A
of the Indenture.

                  The Issuer will pay interest on this Variable  Funding Note on
each Payment Date at a floating  rate equal to LIBOR plus 0.23% per annum on the
principal  amount of this Variable  Funding Note on the  preceding  Payment Date
after giving effect to all payments of principal made on such preceding  Payment
Date (or, in the case of the first Payment Date,  the Closing  Date);  provided,
however,  that in no event  shall  the Note Rate with  respect  to any  Interest
Period  exceed the Net Loan Rate Cap for such  Interest  Period.  LIBOR for each
applicable  Interest  Period will be determined on the second LIBOR Business Day
immediately  preceding  (i) the Closing  Date in the case of the first  Interest
Period  and  (ii)  the  first  day of each  succeeding  Interest  Period  by the
Indenture Trustee as set forth in the Indenture.  All determinations of LIBOR by
the Indenture Trustee shall, in the absence of manifest error, be conclusive for
all purposes,  and each holder of this Variable  Funding Note, by accepting this
Variable  Funding Note,  agrees to be bound by such  determination.  Interest on
this  Variable  Funding  Note will  accrue for each  Payment  Date from the most
recent  Payment  Date on which  interest has been paid (in the case of the First
Payment  Date,  from the  Closing  Date) to but  excluding  such  Payment  Date.
Interest  will be  computed  on the basis of the  actual  number of days in each
Interest  Period and a year  assumed to  consist of 360 days.  Principal  of and
interest on this Variable  Funding Note shall be paid in the manner specified on
the reverse hereof.

                  Principal  of and interest on this  Variable  Funding Note are
payable in such coin or currency of the United  States of America as at the time
of payment is legal tender for payment of public and private debts. All payments
made by the Issuer with respect to this  Variable  Funding Note shall be applied
first to interest  due and  payable on this  Variable  Funding  Note as provided
above and then to the unpaid principal of this Variable Funding Note.

                  Reference is made to the further  provisions  of this Variable
Funding Note set forth on the reverse  hereof,  which shall have the same effect
as though fully set forth on the face of this Variable Funding Note.

                  Unless  the  certificate  of  authentication  hereon  has been
executed by the Indenture  Trustee whose name appears below by manual signature,
this  Variable  Funding  Note shall not be  entitled  to any  benefit  under the
Indenture  referred to on the reverse hereof,  or be valid or obligatory for any
purpose.


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                                                         2

<PAGE>



                  This Variable  Funding Note is one of a duly authorized  issue
of  Variable  Funding  Notes  of  the  Issuer,  designated  as its  Home  Equity
Loan-Backed Variable Funding Notes (herein called the "Variable Funding Notes"),
all  issued  under  the  Indenture,   to  which  Indenture  and  all  indentures
supplemental  thereto reference is hereby made for a statement of the respective
rights and obligations  thereunder of the Issuer,  the Indenture Trustee and the
holders of the Variable Funding Notes. The Variable Funding Notes are subject to
all terms of the Indenture.

                  The Variable  Funding Notes and the Term Notes  (collectively,
the  "Notes")  are and will be equally  and  ratably  secured by the  collateral
pledged as security therefor as provided in the Indenture.

                  This  Variable  Funding Note is entitled to the benefits of an
irrevocable and  unconditional  financial  guaranty  insurance  policy issued by
AMBAC Indemnity Corporation.

                  Principal of and interest on this  Variable  Funding Note will
be payable on each Payment  Date,  commencing on November 20, 1996, as described
in the Indenture.  "Payment Date" means the twentieth day of each month,  or, if
any such day is not a Business Day, then the next Business Day.

                  The entire unpaid  principal  amount of this Variable  Funding
Note shall be due and payable in full on the Payment Date in June 2022  pursuant
to the  Indenture,  to the extent not  previously  paid on a prior Payment Date.
Notwithstanding the foregoing, if an Event of Default shall have occurred and be
continuing,  then the Indenture Trustee or the holders of Notes representing not
less than a majority of the  Security  Balances of all Notes with the consent of
the  Credit  Enhancer,  or the  Credit  Enhancer  may  declare  the  Notes to be
immediately  due and  payable in the  manner  provided  in  Section  5.02 of the
Indenture.  All principal  payments on the Variable  Funding Notes shall be made
pro rata to the holders of Variable Funding Notes entitle thereto.

                  Payments  of interest on this  Variable  Funding  Note due and
payable on each Payment Date,  together with the  installment  of principal,  if
any, to the extent not in full payment of this Variable  Funding Note,  shall be
made by check mailed to the Person whose name appears as the  Registered  Holder
of this  Variable  Funding Note (or one or more  Predecessor  Notes) on the Note
Register  as of the close of  business  on each  Record  Date,  except that with
respect to Variable  Funding Notes  registered on the Record Date in the name of
the nominee of the Depository Agency (initially, such nominee to be Cede & Co.),
payments will be made by wire  transfer in  immediately  available  funds to the
account  designated by such  nominee.  Such checks shall be mailed to the Person
entitled  thereto  at the  address  of such  Person  as it  appears  on the Note
Register as of the applicable  Record Date without  requiring that this Variable
Funding  Note be  submitted  for  notation  of  payment.  Any  reduction  in the
principal  amount of this Variable  Funding Note (or any one or more Predecessor
Variable  Funding Notes) effected by any payments made on any Payment Date shall
be binding  upon all future  holders of this  Variable  Funding  Note and of any
Variable  Funding  Note issued upon the  registration  of transfer  hereof or in
exchange  hereof or in lieu hereof,  whether or not noted  hereon.  If funds are
expected to be available,  as provided in the Indenture,  for payment in full of
the then remaining  unpaid  principal  amount of this Variable Funding Note on a
Payment Date,  then the Indenture  Trustee,  in the name of and on behalf of the
Issuer, will notify the Person who was the Registered Holder

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                                                         3

<PAGE>



hereof as of the Record Date  preceding  such Payment  Date by notice  mailed or
transmitted by facsimile  prior to such Payment Date and the amount then due and
payable shall be payable only upon  presentation  and surrender of this Variable
Funding Note at the address specified in such notice of final payment.

                  As   provided  in  the   Indenture   and  subject  to  certain
limitations set forth therein, the transfer of this Variable Funding Note may be
registered on the Note Register upon surrender of this Variable Funding Note for
registration  of transfer at the Corporate  Trust Office,  duly endorsed by, and
accompanied  by a written  instrument  of transfer in form  satisfactory  to the
Indenture  Trustee duly executed by, the holder hereof or such holder's attorney
duly  authorized  in writing,  with such  signature  guaranteed  by an "eligible
guarantor  institution"  meeting the  requirements of the Note Registrar,  which
requirements  include  membership or  participation  in the Securities  Transfer
Agent's Medallion Program ("STAMP") or such other "signature  guarantee program"
as may be  determined  by the Note  Registrar in addition to or in  substitution
for,  STAMP,  all in  accordance  with the  Securities  Exchange Act of 1934, as
amended,  and  thereupon  one or more new Variable  Funding  Notes in authorized
denominations  and in the same aggregate  principal amount will be issued to the
designated transferee or transferees.  No service charge will be charged for any
registration of transfer or exchange of this Variable Funding Note, but the Note
Registrar  shall  require  payment  of a sum  sufficient  to  cover  any  tax or
governmental  charge that may be imposed in connection with any  registration of
transfer or exchange of this Variable Funding Note.

                  Each holder or Beneficial Owner of a Variable Funding Note, by
acceptance of a Variable Funding Note or, in the case of a Beneficial Owner of a
Variable  Funding  Note,  a  beneficial  interest  in a Variable  Funding  Note,
covenants and agrees that no recourse may be taken, directly or indirectly, with
respect to the  obligations of the Issuer,  the Owner Trustee,  the Seller,  the
Master Servicer, the Depositor, the 1996-HS3 LLC or the Indenture Trustee on the
Variable  Funding  Notes or under  the  Indenture  or any  certificate  or other
writing delivered in connection therewith,  against (i) the Indenture Trustee or
the Owner  Trustee in its  individual  capacity,  (ii) any owner of a beneficial
interest in the Issuer or (iii) any partner, owner, beneficiary, agent, officer,
director  or  employee  of the  Indenture  Trustee  or the Owner  Trustee in its
individual  capacity,  any holder of a  beneficial  interest in the Issuer,  the
Owner  Trustee or the  Indenture  Trustee or of any  successor  or assign of the
Indenture Trustee or the Owner Trustee in its individual capacity, except as any
such Person may have expressly agreed and except that any such partner, owner or
beneficiary shall be fully liable, to the extent provided by applicable law, for
any unpaid  consideration for stock,  unpaid capital  contribution or failure to
pay any installment or call owing to such entity.

                  Each holder or Beneficial Owner of a Variable Funding Note, by
acceptance of a Variable Funding Note or, in the case of a Beneficial Owner of a
Variable  Funding  Note,  a  beneficial  interest  in a Variable  Funding  Note,
covenants and agrees by accepting the benefits of the Indenture that such holder
or Beneficial  Owner of a Variable  Funding Note will not at any time  institute
against  the  Depositor,   the  Seller,  the  Master  Servicer,   GMAC  Mortgage
Corporation,  the 1996-HS3 LLC or the Issuer, or join in any institution against
the Depositor,  the Seller, the Master Servicer, GMAC Mortgage Corporation,  the
1996-HS3  LLC or the  Issuer of, any  bankruptcy,  reorganization,  arrangement,
insolvency or liquidation proceedings under

[NY01:227429.4]  16069-00369  10/30/96 3:16pm
                                                         4

<PAGE>



any United States federal or state  bankruptcy or similar law in connection with
any  obligations  relating to the Variable  Funding Notes,  the Indenture or the
Basic Documents.

                  The Issuer has entered into the  Indenture  and this  Variable
Funding Note is issued with the  intention  that,  for federal,  state and local
income,  single business and franchise tax purposes,  the Variable Funding Notes
will qualify as  indebtedness of the Issuer.  Each holder of a Variable  Funding
Note, by acceptance of a Variable  Funding Note (and each Beneficial  Owner of a
Variable  Funding Note,  by  acceptance  of a beneficial  interest in a Variable
Funding Note), agrees to treat the Variable Funding Notes for federal, state and
local income,  single business and franchise tax purposes as indebtedness of the
Issuer.

                  Prior to the due presentment  for  registration of transfer of
this Variable Funding Note, the Issuer,  the Indenture  Trustee and any agent of
the  Issuer or the  Indenture  Trustee  may treat the  Person in whose name this
Variable  Funding Note (as of the day of  determination or as of such other date
as may be specified in the  Indenture) is registered as the owner hereof for all
purposes,  whether or not this Variable Funding Note be overdue, and none of the
Issuer,  the Indenture  Trustee or any such agent shall be affected by notice to
the contrary.

                  The  Indenture  permits,  with certain  exceptions  as therein
provided,  the  amendment  thereof  and  the  modification  of  the  rights  and
obligations  of the  Issuer  and the  Indenture  Trustee  and the  rights of the
holders of the  Variable  Funding  Notes under the  Indenture at any time by the
Issuer  and the  Indenture  Trustee  with the  consent  of the  holders of Notes
representing  a  majority  of the  Security  Balances  of all  Notes at the time
Outstanding  and the  Credit  Enhancer  and  with  prior  notice  to the  Rating
Agencies. The Indenture also contains provisions permitting the holders of Notes
representing  specified  percentages of the Security  Balances of all Notes,  on
behalf of the holders of all the Notes,  to waive  compliance by the Issuer with
certain  provisions  of the  Indenture  and  certain  past  defaults  under  the
Indenture  and their  consequences.  Any such consent or waiver by the holder of
this  Variable  Funding Note (or any one of more  Predecessor  Variable  Funding
Notes)  shall be  conclusive  and  binding  upon such holder and upon all future
holders of this  Variable  Funding Note and of any Variable  Funding Note issued
upon the registration of transfer hereof or in exchange hereof or in lieu hereof
whether or not  notation  of such  consent or waiver is made upon this  Variable
Funding Note. The Indenture also permits the Indenture Trustee to amend or waive
certain terms and conditions  set forth in the Indenture  without the consent of
holders of the Variable Funding Notes issued thereunder but with prior notice to
the Rating Agencies and the Credit Enhancer.

                  The  term  "Issuer"  as  used in this  Variable  Funding  Note
includes any successor to the Issuer under the Indenture.

                  The  Issuer  is  permitted  by the  Indenture,  under  certain
circumstances,  to merge or consolidate,  subject to the rights of the Indenture
Trustee and the holders of Variable Funding Notes under the Indenture.

                  The Variable  Funding  Notes are issuable  only in  registered
form  in  denominations  as  provided  in  the  Indenture,  subject  to  certain
limitations therein set forth.


[NY01:227429.4]  16069-00369  10/30/96 3:16pm
                                                         5

<PAGE>



                  This  Variable   Funding  Note  and  the  Indenture  shall  be
construed  in  accordance  with  the  laws of the  State  of New  York,  without
reference to its conflict of law  provisions,  and the  obligations,  rights and
remedies  of the  parties  hereunder  and  thereunder  shall  be  determined  in
accordance with such laws.

                  No reference  herein to the Indenture and no provision of this
Variable  Funding Note or of the Indenture  shall alter or impair the obligation
of the Issuer, which is absolute and unconditional,  to pay the principal of and
interest on this Variable Funding Note at the times,  place and rate, and in the
coin or currency herein prescribed.

                  Anything  herein to the  contrary  notwithstanding,  except as
expressly  provided in the Basic Documents,  none of Wilmington Trust Company in
its individual  capacity,  The Chase Manhattan Bank, in its individual capacity,
any owner of a  beneficial  interest in the Issuer,  or any of their  respective
partners, beneficiaries, agents, officers, directors, employees or successors or
assigns shall be personally liable for, nor shall recourse be had to any of them
for, the payment of principal  of or interest on this  Variable  Funding Note or
performance  of, or omission to perform,  any of the  covenants,  obligations or
indemnifications contained in the Indenture. The holder of this Variable Funding
Note by its acceptance hereof agrees that,  except as expressly  provided in the
Basic  Documents,  in the case of an Event of Default under the  Indenture,  the
holder shall have no claim against any of the foregoing for any deficiency,  los
or claim therefrom;  provided,  however,  that nothing contained herein shall be
taken to prevent recourse to, and enforcement  against, the assets of the Issuer
for any and all  liabilities,  obligations  and  undertakings  contained  in the
Indenture or in this Variable Funding Note.

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                                                         6

<PAGE>



                  IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Issuer
and not in its individual capacity,  has caused this Variable Funding Note to be
duly executed.

                                 HOME EQUITY LOAN TRUST 1996-HS3

                                 By       WILMINGTON TRUST COMPANY, not in
                                    its individual capacity but solely as Owner
                                          Trustee



Dated:  October 30, 1996


                                 By
                                          Authorized Signatory


                          CERTIFICATE OF AUTHENTICATION


This is one of the Variable  Funding Notes  referred to in the within  mentioned
Indenture.


                                            THE CHASE MANHATTAN BANK,
                                   not in its individual capacity but solely as
                                               Indenture Trustee


Dated:  October 30, 1996


                                           By
                                                    Authorized Signatory


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                                                         7

<PAGE>



                                   ASSIGNMENT


               Social Security or taxpayer I.D. or other  identifying  number of
          assignee:                                               ______________
          ----------------------------------------------------------

               FOR VALUE  RECEIVED,  the undersigned  hereby sells,  assigns and
          transfers
          unto________________________________________________________________
          --------------------------------------------------------------------
                         (name and address of assignee)
the  within  Variable  Funding  Note  and  all  rights  thereunder,  and  hereby
irrevocably                            constitutes                           and
appoints_______________________________________________________,   attorney,  to
transfer said Variable Funding Note on the books kept for registration  thereof,
with full power of substitution in the premises.

Dated:                                       */
                                                         Signature Guaranteed:


                                                                         //







- --------
               / NOTICE:  The signature to this  assignment must correspond with
          the name of the --------

               registered owner as it appears on the face of the within Variable
          Funding Note in every particular,  without alteration,  enlargement or
          any change whatever. Such signature must be guaranteed by an "eligible
          guarantor institution" meeting the requirements of the Note Registrar,
          which  requirements  include  membership or  participation in STAMP or
          such other "signature  guarantee  program" as may be determined by the
          Note Registrar in addition to, or in substitution  for, STAMP,  all in
          accordance with the Securities Exchange Act of 1934, as amended.

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                                                         8

<PAGE>



                                   SCHEDULE A
                                       to
                         HOME EQUITY LOAN TRUST 1996-HS3
                  Home Equity Loan-Backed Variable Funding Note


=================================================================
                                             Principal           
   Date         Percentage Interest          Payments            
- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

- -----------------------------------------------------------------

=================================================================


===============================================================
  Security Balance               Authorized Signature          
    Outstanding                  of Indenture Trustee          
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
- ---------------------------------------------------------------
                                                               
===============================================================





























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                                                         9

<PAGE>



                                    Exhibit B

                  [FORM OF RULE 144A INVESTMENT REPRESENTATION]


                 Description of Rule 144A Securities, including
                                    numbers:
                 ===============================================
                 ===============================================


                  The undersigned  seller,  as registered holder (the "Seller"),
intends to transfer the Rule 144A Securities  described above to the undersigned
buyer (the "Buyer").

                  1. In connection with such transfer and in accordance with the
agreements  pursuant to which the Rule 144A Securities  were issued,  the Seller
hereby  certifies the following  facts:  Neither the Seller nor anyone acting on
its behalf has offered, transferred,  pledged, sold or otherwise disposed of the
Rule 144A  Securities,  any  interest in the Rule 144A  Securities  or any other
similar security to, or solicited any offer to buy or accept a transfer,  pledge
or other disposition of the Rule 144A Securities,  any interest in the Rule 144A
Securities  or any other  similar  security  from,  or otherwise  approached  or
negotiated  with respect to the Rule 144A  Securities,  any interest in the Rule
144A Securities or any other similar security with, any person in any manner, or
made any general  solicitation  by means of general  advertising or in any other
manner,  or taken any other action,  that would constitute a distribution of the
Rule 144A  Securities  under the  Securities  Act of 1933, as amended (the "1933
Act"),  or that  would  render the  disposition  of the Rule 144A  Securities  a
violation of Section 5 of the 1933 Act or require registration pursuant thereto,
and that the Seller has not offered the Rule 144A Securities to any person other
than the Buyer or  another  "qualified  institutional  buyer" as defined in Rule
144A under the 1933 Act.

                  2. The Buyer warrants and  represents to, and covenants  with,
the  Indenture  Trustee  and  the  Issuer  (as  defined  in the  Indenture  (the
"Indenture"),  dated as of October  1,  1996,  between  Home  Equity  Loan Trust
1996-HS3,  as  Issuer,  and The Chase  Manhattan  Bank,  as  Indenture  Trustee,
pursuant to Section 4.02 of the Indenture, as follows:

                          a. The Buyer understands that the Rule 144A Securities
         have not been  registered  under the 1933 Act or the securities laws of
         any state.

                          b.  The   Buyer   considers   itself  a   substantial,
         sophisticated   institutional   investor   having  such  knowledge  and
         experience  in  financial  and  business  matters that it is capable of
         evaluating  the  merits  and  risks  of  investment  in the  Rule  144A
         Securities.

                          c. The Buyer has been furnished  with all  information
         regarding  the Rule  144A  Securities  that it has  requested  from the
         Seller,  the  Indenture  Trustee,  the  Owner  Trustee  or  the  Master
         Servicer.

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                                       B-1

<PAGE>




                          d.  Neither the Buyer nor anyone  acting on its behalf
         has offered,  transferred,  pledged,  sold or otherwise disposed of the
         Rule 144A  Securities,  any interest in the Rule 144A Securities or any
         other  similar  security to, or solicited  any offer to buy or accept a
         transfer, pledge or other disposition of the Rule 144A Securities,  any
         interest  in the Rule 144A  Securities  or any other  similar  security
         from, or otherwise  approached  or negotiated  with respect to the Rule
         144A Securities,  any interest in the Rule 144A Securities or any other
         similar  security with,  any person in any manner,  or made any general
         solicitation by means of general advertising or in any other manner, or
         taken any other action,  that would  constitute a  distribution  of the
         Rule  144A  Securities  under  the 1933 Act or that  would  render  the
         disposition of the Rule 144A Securities a violation of Section 5 of the
         1933 Act or require registration pursuant thereto, nor will it act, nor
         has it  authorized  or will it  authorize  any  person to act,  in such
         manner with respect to the Rule 144A Securities.

                          e. The Buyer is a "qualified  institutional  buyer" as
         that term is defined in Rule 144A under the 1933 Act and has  completed
         either of the forms of  certification to that effect attached hereto as
         Annex 1 or  Annex 2.  The  Buyer is aware  that the sale to it is being
         made in reliance  on Rule 144A.  The Buyer is  acquiring  the Rule 144A
         Securities  for its own  account  or the  accounts  of other  qualified
         institutional buyers, understands that such Rule 144A Securities may be
         resold, pledged or transferred only (i) to a person reasonably believed
         to be a  qualified  institutional  buyer  that  purchases  for  its own
         account or for the account of a qualified  institutional  buyer to whom
         notice is given that the  resale,  pledge or  transfer is being made in
         reliance  on Rule 144A,  or (ii)  pursuant  to another  exemption  from
         registration under the 1933 Act.

                  3. This  document may be executed in one or more  counterparts
and by the different  parties  hereto on separate  counterparts,  each of which,
when  so  executed,  shall  be  deemed  to be an  original;  such  counterparts,
together, shall constitute one and the same document.

                  IN WITNESS  WHEREOF,  each of the  parties has  executed  this
document as of the date set forth below.


Print Name of Seller                        Print Name of Buyer

By:                                                           By:
     Name:                                                    Name:
     Title:                                                   Title:

Taxpayer Identification:                             Taxpayer Identification:

No.                                                           No.

Date:                                                         Date:

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                                       B-2

<PAGE>



                              ANNEX 1 TO EXHIBIT B


            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

             [For Buyers Other Than Registered Investment Companies]

               The  undersigned  hereby  certifies as follows in connection with
          the Rule 144A Investment Representation to which this Certification is
          attached:

             1. As indicated  below,  the  undersigned is the  President,  Chief
Financial  Officer,  Senior Vice  President  or other  executive  officer of the
Buyer.

             2. In  connection  with  purchases  by the  Buyer,  the  Buyer is a
"qualified  institutional  buyer" as that term is defined in Rule 144A under the
Securities Act of 1933 ("Rule 144A") because (i) the Buyer owned and/or invested
on a discretionary basis $______________________** in securities (except for the
excluded  securities referred to below) as of the end of the Buyer's most recent
fiscal year (such amount being calculated in accordance with Rule 144A) and (ii)
the Buyer satisfies the criteria in the category marked below.

     ___     Corporation,  etc. The Buyer is a  corporation  (other than a bank,
             savings and loan association or similar institution), Massachusetts
             or similar business trust, partnership,  or charitable organization
             described in Section 501(c)(3) of the Internal Revenue Code.

               ___ Bank. The Buyer (a) is a national bank or banking institution
          organized  under the laws of any State,  territory  or the District of
          Columbia,  the business of which is substantially  confined to banking
          and is supervised by the State or  territorial  banking  commission or
          similar official or is a foreign bank or equivalent  institution,  and
          (b) has an audited net worth of at least  $25,000,000 as  demonstrated
          in its latest annual financial statements, a copy of which is attached
          hereto.
- --------
** Buyer must own and/or invest on a discretionary  basis at least  $100,000,000
in securities unless Buyer is a dealer, and, in that case, Buyer must own and/or
invest on a discretionary basis at least $10,000,000 in securities.


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                                       B-3

<PAGE>



     ___     Savings and Loan. The Buyer (a) is a savings and loan  association,
             building  and  loan  association,   cooperative   bank,   homestead
             association  or  similar  institution,   which  is  supervised  and
             examined by a State or Federal  authority  having  supervision over
             any such  institutions or is a foreign savings and loan association
             or  equivalent  institution  and (b) has an audited net worth of at
             least  $25,000,000 as demonstrated  in its latest annual  financial
             statements.

               ___ Broker-Dealer.  The Buyer is a dealer registered  pursuant to
          Section 15 of the -------------
             Securities Exchange Act of 1934.

     ___     Insurance Company.  The Buyer is an insurance company whose primary
             and  predominant  business  activity is the writing of insurance or
             the  reinsuring of risks  underwritten  by insurance  companies and
             which is subject to supervision by the insurance  commissioner or a
             similar  official or agency of a State or territory or the District
             of Columbia.

               ___  State or Local  Plan.  The Buyer is a plan  established  and
          maintained by a State,  its political  subdivisions,  or any agency or
          instrumentality  of the State or its political  subdivisions,  for the
          benefit of its employees.
     ___     ERISA  Plan.  The Buyer is an  employee  benefit  plan  within  the
             meaning of Title I of the Employee  Retirement  Income Security Act
             of 1974.

               ___  Investment  Adviser.  The  Buyer  is an  investment  adviser
          registered under the Investment Advisers Act of 1940.

               ___  SBIC.  The  Buyer  is a Small  Business  Investment  Company
          licensed  by the U.S.  Small  Business  Administration  under  Section
          301(c) or (d) of the Small Business Investment Act of 1958.

               ___  Business  Development  Company.  The  Buyer  is  a  business
          development company as defined in Section 202(a)(22) of the Investment
          Advisers Act of 1940.

               ___ Trust Fund. The Buyer is a trust fund whose trustee is a bank
          or trust company ----------

               and whose  participants are exclusively (a) plans established and
          maintained by a State,  its political  subdivisions,  or any agency or
          instrumentality  of the State or its political  subdivisions,  for the
          benefit of its  employees,  or (b) employee  benefit  plans within the
          meaning of Title I of the Employee  Retirement  Income Security Act of
          1974, but is not a trust fund that includes as participants individual
          retirement accounts or H.R. 10 plans.

             3. The term  "securities"  as used  herein  does  not  include  (i)
securities of issuers that are affiliated  with the Buyer,  (ii) securities that
are part of an unsold allotment to or subscription by the Buyer, if the Buyer is
a dealer,  (iii) bank  deposit  notes and  certificates  of  deposit,  (iv) loan
participations,  (v) repurchase agreements, (vi) securities owned but subject to
a repurchase agreement and (vii) currency, interest rate and commodity swaps.


[NY01:227429.4]  16069-00369  10/30/96 3:16pm
                                       B-4

<PAGE>



             4. For purposes of determining  the aggregate  amount of securities
owned and/or invested on a discretionary  basis by the Buyer, the Buyer used the
cost of such  securities to the Buyer and did not include any of the  securities
referred to in the preceding  paragraph.  Further, in determining such aggregate
amount,  the Buyer may have included  securities  owned by  subsidiaries  of the
Buyer,  but only if such  subsidiaries  are  consolidated  with the Buyer in its
financial  statements  prepared in accordance with generally accepted accounting
principles  and if the  investments of such  subsidiaries  are managed under the
Buyer's direction.  However, such securities were not included if the Buyer is a
majority-owned,  consolidated  subsidiary of another enterprise and the Buyer is
not itself a reporting company under the Securities Exchange Act of 1934.

             5. The Buyer  acknowledges  that it is familiar  with Rule 144A and
understands  that the  seller to it and other  parties  related to the Rule 144A
Securities are relying and will continue to rely on the  statements  made herein
because one or more sales to the Buyer may be in reliance on Rule 144A.

  ___         ___          Will the Buyer be purchasing the Rule 144A
  Yes         No  Securities only for the Buyer's own account?

             6. If the  answer  to the  foregoing  question  is "no",  the Buyer
agrees that, in connection with any purchase of securities sold to the Buyer for
the account of a third party  (including  any  separate  account) in reliance on
Rule 144A, the Buyer will only purchase for the account of a third party that at
the time is a "qualified  institutional  buyer" within the meaning of Rule 144A.
In addition,  the Buyer agrees that the Buyer will not purchase securities for a
third party unless the Buyer has obtained a current  representation  letter from
such third party or taken other appropriate  steps  contemplated by Rule 144A to
conclude that such third party  independently meets the definition of "qualified
institutional buyer" set forth in Rule 144A.



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                                       B-5

<PAGE>



             7.  The  Buyer  will  notify  each of the  parties  to  which  this
certification is made of any changes in the information and conclusions  herein.
Until such notice is given,  the Buyer's  purchase of Rule 144A  Securities will
constitute  a  reaffirmation  of  this  certification  as of the  date  of  such
purchase.


                                            Print Name of Buyer

                                            By:
                                                     Name:
                                                     Title:
                                            Date:

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                                       B-6

<PAGE>



                              ANNEX 2 TO EXHIBIT B


            QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

              [For Buyers That Are Registered Investment Companies]


                  The undersigned hereby certifies as follows in connection with
the Rule 144A Investment Representation to which this Certification is attached:

                   1. As indicated  below,  the  undersigned  is the  President,
Chief  Financial  Officer or Senior Vice President of the Buyer or, if the Buyer
is a "qualified  institutional buyer" as that term is defined in Rule 144A under
the  Securities  Act of 1933 ("Rule 144A")  because Buyer is part of a Family of
Investment Companies (as defined below), is such an officer of the Adviser.

                  2. In  connection  with  purchases  by  Buyer,  the Buyer is a
"qualified  institutional  buyer" as  defined in SEC Rule 144A  because  (i) the
Buyer is an investment  company  registered under the Investment  Company Act of
1940,  and (ii) as marked  below,  the Buyer  alone,  or the  Buyer's  Family of
Investment Companies,  owned at least $100,000,000 in securities (other than the
excluded  securities referred to below) as of the end of the Buyer's most recent
fiscal year. For purposes of determining  the amount of securities  owned by the
Buyer or the Buyer's Family of Investment Companies, the cost of such securities
was used.

               ____ The Buyer owned  $___________________  in securities  (other
          than the excluded  securities  referred to below) as of the end of the
          Buyer's  most recent  fiscal year (such  amount  being  calculated  in
          accordance with Rule 144A).

____              The Buyer is part of a Family of  Investment  Companies  which
                  owned in the aggregate  $______________  in securities  (other
                  than the excluded  securities referred to below) as of the end
                  of the Buyer's  most recent  fiscal  year (such  amount  being
                  calculated in accordance with Rule 144A).

                  3. The term "Family of  Investment  Companies"  as used herein
means two or more registered  investment companies (or series thereof) that have
the same  investment  adviser or  investment  advisers that are  affiliated  (by
virtue of being  majority owned  subsidiaries  of the same parent or because one
investment adviser is a majority owned subsidiary of the other).

                  4. The term  "securities"  as used herein does not include (i)
securities  of  issuers  that are  affiliated  with the Buyer or are part of the
Buyer's Family of Investment Companies, (ii) bank deposit notes and certificates
of  deposit,  (iii)  loan  participations,   (iv)  repurchase  agreements,   (v)
securities  owned but  subject  to a  repurchase  agreement  and (vi)  currency,
interest rate and commodity swaps.


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                                       B-7

<PAGE>



                  5. The Buyer is familiar with Rule 144A and  understands  that
each of the  parties to which this  certification  is made are  relying and will
continue to rely on the statements  made herein because one or more sales to the
Buyer  will be in  reliance  on Rule  144A.  In  addition,  the Buyer  will only
purchase for the Buyer's own account.

                  6. The  undersigned  will  notify each of the parties to which
this  certification  is made of any changes in the  information  and conclusions
herein.  Until such notice,  the Buyer's  purchase of Rule 144A  Securities will
constitute a reaffirmation  of this  certification  by the undersigned as of the
date of such purchase.



                                                     Print Name of Buyer


                                                     By:
                                      Name:
                                     Title:

                                 IF AN ADVISER:


                                                     Print Name of Buyer


                                                     Date:

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                                       B-8

<PAGE>



                                    EXHIBIT C

                     FORM OF INVESTOR REPRESENTATION LETTER


                                                       , 19


Residential Funding Mortgage Securities II, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437

The Chase Manhattan Bank
450 West 33rd Street, 10th Floor
New York, NY  10001

Attention:  Corporate Trust Administration

                  Re:      Home Equity Loan-Backed Capped Funding Notes
                           Series 1996-HS3

Ladies and Gentlemen:

                                    (the "Purchaser") intends to purchase from
(the "Seller") $ Capped Funding Notes of Series  1996-HS3 (the "Notes"),  issued
pursuant to the Indenture (the "Indenture"), dated as of October 1, 1996 between
Home Equity Loan Trust, as issuer (the "Issuer"),  and The Chase Manhattan Bank,
as indenture  trustee (the "Indenture  Trustee").  All terms used herein and not
otherwise  defined  shall  have the  meanings  set forth in the  Indenture.  The
Purchaser hereby certifies,  represents and warrants to, and covenants with, the
Issuer and the Indenture Trustee that:

                           1. The Purchaser  understands that (a) the Notes have
                  not been and will not be  registered  or  qualified  under the
                  Securities  Act of 1933,  as amended  (the "Act") or any state
                  securities law, (b) the Company is not required to so register
                  or  qualify  the  Notes,  (c) the Notes may be resold  only if
                  registered and qualified pursuant to the provisions of the Act
                  or any state  securities  law,  or if an  exemption  from such
                  registration and qualification is available, (d) the Indenture
                  contains restrictions  regarding the transfer of the Notes and
                  (e) the Notes will bear a legend to the foregoing effect.


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                                       C-1

<PAGE>



                           2. The  Purchaser is acquiring  the Notes for its own
                  account for investment only and not with a view to or for sale
                  in connection with any distribution thereof in any manner that
                  would violate the Act or any applicable state securities laws.

                           3. The Purchaser is (a) a substantial,  sophisticated
                  institutional investor having such knowledge and experience in
                  financial and business  matters,  and, in particular,  in such
                  matters related to securities  similar to the Notes, such that
                  it is capable of evaluating the merits and risks of investment
                  in the Notes,  (b) able to bear the economic  risks of such an
                  investment and (c) an "accredited investor" within the meaning
                  of Rule 501(a) promulgated pursuant to the Act.

                           4. The Purchaser has been furnished with, and has had
                  an opportunity to review (a) [a copy of the Private  Placement
                  Memorandum,  dated _____________  relating to the Notes (b)] a
                  copy  of the  Indenture  and [b] [c]  such  other  information
                  concerning  the  Notes,  the  Revolving  Credit  Loans and the
                  Company  as has  been  requested  by the  Purchaser  from  the
                  Company  or the  Seller  and is  relevant  to the  Purchaser's
                  decision  to purchase  the Notes.  The  Purchaser  has had any
                  questions  arising from such review answered by the Company or
                  the  Seller  to the  satisfaction  of the  Purchaser.  [If the
                  Purchaser  did not  purchase  the  Notes  from the  Seller  in
                  connection with the initial  distribution of the Notes and was
                  provided with a copy of the Private Placement  Memorandum (the
                  "Memorandum")  relating to the  original  sale (the  "Original
                  Sale") of the Notes by the Company, the Purchaser acknowledges
                  that such  Memorandum  was provided to it by the Seller,  that
                  the  Memorandum  was prepared by the Company solely for use in
                  connection  with the  Original  Sale and the  Company  did not
                  participate  in or  facilitate  in any way the purchase of the
                  Notes by the  Purchaser  from the  Seller,  and the  Purchaser
                  agrees  that it will look  solely to the Seller and not to the
                  Company  with  respect  to any  damage,  liability,  claim  or
                  expense  arising out of,  resulting from or in connection with
                  (a) error or omission, or alleged error or omission, contained
                  in the  Memorandum,  or (b) any  information,  development  or
                  event arising after the date of the Memorandum.]

                           5.  The  Purchaser  has not and  will  not nor has it
                  authorized  or will it  authorize  any  person  to (a)  offer,
                  pledge,  sell,  dispose of or otherwise transfer any Note, any
                  interest  in any Note or any  other  similar  security  to any
                  person  in any  manner,  (b)  solicit  any  offer to buy or to
                  accept a pledge,  disposition  of other  transfer of any Note,
                  any interest in any Note or any other  similar  security  from
                  any person in any manner,  (c) otherwise approach or negotiate
                  with  respect  to any Note,  any  interest  in any Note or any
                  other similar security with any person in any manner, (d) make
                  any general solicitation by means of general advertising or in
                  any other manner or (e) take any other action, that (as to any
                  of (a) through (e) above) would  constitute a distribution  of
                  any Note under the Act, that would render the  disposition  of
                  any Note a  violation  of  Section  5 of the Act or any  state
                  securities law, or that would require

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                                       C-2

<PAGE>



                  registration or qualification  pursuant thereto. The Purchaser
                  will not sell or otherwise  transfer any of the Notes,  except
                  in compliance with the provisions of the Indenture.

                           6.  The Purchaser is not a non-United States person.

                                            Very truly yours,



                                            By:
                                            Name:
                                            Title:


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                                       C-3

<PAGE>



                                    EXHIBIT D

                    FORM OF TRANSFEROR REPRESENTATION LETTER




                                                     , 19


Residential Funding Mortgage Securities II, Inc.
8400 Normandale Lake Boulevard
Suite 600
Minneapolis, MN 55437

The Chase Manhattan Bank
450 West 33rd Street, 10th Floor
New York, NY  10001

Attention:  Corporate Trust Administration

                  Re:      Home Equity Loan-Backed Capped Funding Notes
                           Series 1996-HS3

Ladies and Gentlemen:

                                     (the "Purchaser") intends to purchase from
(the "Seller") $ Capped Funding Notes of Series  1996-HS3 (the "Notes"),  issued
pursuant  to the (the  "Indenture"),  dated as of October 1, 1996  between  Home
Equity Loan Trust,  as issuer (the  "Issuer"),  and The Chase Manhattan Bank, as
indenture  trustee  (the  "Indenture  Trustee").  All terms used  herein and not
otherwise defined shall have the meanings set forth in the Indenture. The Seller
hereby certifies, represents and warrants to, and covenants with, the Issuer and
the Indenture Trustee that:

                  Neither  the Seller  nor  anyone  acting on its behalf has (a)
offered,  pledged,  sold,  disposed of or otherwise  transferred  any Note,  any
interest in any Note or any other similar  security to any person in any manner,
(b) has solicited any offer to buy or to accept a pledge,  disposition  or other
transfer of any Note,  any  interest in any Note or any other  similar  security
from any person in any manner,  (c) has otherwise  approached or negotiated with
respect to any Note, any interest in any Note or any other similar security with
any person in any  manner,  (d) has made any  general  solicitation  by means of
general  advertising or in any other manner,  or (e) has taken any other action,
that (as to any of (a) through (e) above) would constitute a distribution of the
Notes  under the  Securities  Act of 1933 (the  "Act"),  that  would  render the
disposition  of any  Note a  violation  of  Section  5 of the  Act or any  state
securities  law, or that would require  registration or  qualification  pursuant
thereto.  The Seller  will not act,  in any  manner  set forth in the  foregoing
sentence with respect to any

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                                       D-1

<PAGE>


Note.  The Seller has not and will not sell or otherwise transfer any of the
 Notes, except in compliance with the provisions of the Indenture.

                                                              Very truly yours,


                                                              (Seller)



                                                              By:
                                                              Name:
                                                              Title:


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                                       D-2

<PAGE>


                                   APPENDIX A

                                   DEFINITIONS


                  Additional Balance: With respect to any Revolving Credit Loan,
any future Draw made by the  related  Mortgagor  pursuant  to the  related  Loan
Agreement  after the Cut-off Date;  provided,  however,  that if an Amortization
Event occurs,  then any Draw after such Amortization Event shall not be acquired
by the 1996-HS3 LLC and shall not be an Additional Balance.

                  Additional Balance  Differential:  With respect to any Payment
Date,  unless and until an Amortization  Event occurs,  (x) during the Revolving
Period,  the amount, if any, by which Additional  Balances  resulting from Draws
under the  Revolving  Credit Loans during the related  Collection  Period exceed
Principal Collections during such Collection Period and (y) on and after the end
of the Revolving Period, the aggregate amount of Additional Balances conveyed to
the 1996-HS3 LLC during the related Collection Period.

                  Affiliate:  With  respect  to any  Person,  any  other  Person
controlling,  controlled  by or under  common  control  with  such  Person.  For
purposes of this definition,  "control" means the power to direct the management
and policies of a Person,  directly or indirectly,  whether through ownership of
voting  securities,  by contract or otherwise and "controlling" and "controlled"
shall have meanings correlative to the foregoing.

                  Aggregate Additional Balance Differential: With respect to any
Payment Date and any Variable Funding Note or Variable Funding Certificate,  the
sum of  Additional  Balance  Differentials  that have been added to the Security
Balance of such Variable  Funding Note or Variable Funding  Certificate,  as the
case may be, prior to such Payment Date.

                  Aggregate Security Balance:  With respect to any Payment Date,
 the aggregate of the Security Balances of all Securities as of such date.

                  Amortization Event:  Any one of the following events:

                  (a) the  failure  on the  part of the  Seller  (i) to make any
         payment or deposit  required to be made under the Revolving Credit Loan
         Purchase  Agreement  within  five  Business  Days  after  the date such
         payment  or  deposit  is  required  to be made;  or (ii) to  observe or
         perform in any material  respect any other  covenants or  agreements of
         the Seller set forth in the Revolving  Credit Loan Purchase  Agreement,
         which  failure  continues  unremedied  for a  period  of 60 days  after
         written notice and such failure  materially  and adversely  affects the
         interests of the Securityholders or the Credit Enhancer;

                  (b) if any  representation  or warranty  made by the Seller in
         the  Revolving  Credit  Loan  Purchase  Agreement  proves  to have been
         incorrect in any material  respect when made and which  continues to be
         incorrect in any material  respect for a period of 45 days with respect
         to any  representation or warranty of the Seller made in Section 3.1(a)
         of the

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<PAGE>



         Revolving Credit Loan Purchase Agreement or 90 days with respect to any
         representation  or  warranty  made  in  Section  3.1(b)  or  3.2 of the
         Revolving Credit Loan Purchase  Agreement after written notice and as a
         result of which the  interests  of the  Securityholders  or the  Credit
         Enhancer are materially and adversely affected; provided, however, that
         an  Amortization  Event  shall not be deemed to occur if the Seller has
         repurchased or caused to be repurchased or substituted  for the related
         Revolving  Credit Loans or all Revolving  Credit Loans,  if applicable,
         during such period (or within an additional 60 days with the consent of
         the Indenture  Trustee and the Credit  Enhancer) in accordance with the
         provisions of the Indenture;

                  (c) The entry  against the  Seller,  the  1996-HS3  LLC or the
         Issuer  of a  decree  or  order by a court  or  agency  or  supervisory
         authority having  jurisdiction in the premises for the appointment of a
         trustee,  conservator,   receiver  or  liquidator  in  any  insolvency,
         conservatorship,  receivership,  readjustment  of debt,  marshalling of
         assets and liabilities or similar proceedings, or for the winding up or
         liquidation of its affairs,  and the  continuance of any such decree or
         order unstayed and in effect for a period of 60 consecutive days;

                  (d)  The  Seller,   the  1996-HS3  LLC  or  the  Issuer  shall
         voluntarily  go  into  liquidation,  consent  to the  appointment  of a
         conservator,  receiver, liquidator or similar person in any insolvency,
         readjustment of debt,  marshalling of assets and liabilities or similar
         proceedings  of or  relating  to the Seller,  the  1996-HS3  LLC or the
         Issuer or of or relating to all or  substantially  all of its property,
         or a decree or order of a court, agency or supervisory authority having
         jurisdiction  in the premises  for the  appointment  of a  conservator,
         receiver, liquidator or similar person in any insolvency,  readjustment
         of debt,  marshalling of assets and liabilities or similar proceedings,
         or for the winding-up or  liquidation  of its affairs,  shall have been
         entered  against the Seller,  the  1996-HS3  LLC or the Issuer and such
         decree or order shall have remained in force undischarged,  unbonded or
         unstayed  for a period of 60 days;  or the Seller,  the 1996-HS3 LLC or
         the  Issuer  shall  admit in  writing  its  inability  to pay its debts
         generally as they become due, file a petition to take  advantage of any
         applicable insolvency or reorganization statute, make an assignment for
         the benefit of its  creditors  or  voluntarily  suspend  payment of its
         obligations;

                  (e)  the  Issuer  or  the  1996-HS3  LLC  becomes  subject  to
         regulation  by the  Commission  as an  investment  company  within  the
         meaning of the Investment Company Act of 1940, as amended;

                  (f)  a Servicing Default relating to the Master Servicer 
         occurs under the Servicing
         Agreement and the Master Servicer is the Seller;

                  (g)  the aggregate of all draws under the Credit Enhancement
         Instrument exceed
         1% of the Cut-off Date Loan Balance; or

                  (h)  the  Issuer  or  1996-HS3  LLC  is  determined  to  be an
         association taxable as a corporation for federal income tax purposes.

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                                                         2

<PAGE>




                  In the case of any event described in (a), (b), (f) or (g), an
Amortization Event will be deemed to have occurred only if, after any applicable
grace period described in such clauses, either the Indenture Trustee, the Credit
Enhancer or, with the consent of the Credit Enhancer, Securityholders evidencing
not less  than 51% of the  Security  Balance  of each of the Term  Notes and the
Certificates by written notice to the Seller, the Master Servicer, the Depositor
and the Owner  Trustee  (and to the  Indenture  Trustee,  if given by the Credit
Enhancer  or the  Securityholders),  declare  that  an  Amortization  Event  has
occurred as of the date of such  notice.  In the case of any event  described in
clauses  (c),  (d),  (e) or (h),  an  Amortization  Event will be deemed to have
occurred  without  any  notice  or other  action  on the  part of the  Indenture
Trustee,  the  Securityholders  or the  Credit  Enhancer  immediately  upon  the
occurrence of such event;  provided,  that any Amortization  Event may be waived
and deemed of no effect with the written consent of the Credit Enhancer and each
Rating Agency, subject to the satisfaction of any conditions to such waiver.

                  Appraised  Value:  With  respect  to any  Mortgaged  Property,
either (x) the value as generally  set forth in an  appraisal of such  Mortgaged
Property used to establish  compliance  with the  underwriting  criteria then in
effect in connection with the later of the application for the Revolving  Credit
Loan secured by such Mortgaged  Property or any subsequent  increase or decrease
in the related  Credit Limit or to reduce or eliminate the amount of any primary
insurance,  or (y) if the sales price of the Mortgaged Property is considered in
accordance with the  underwriting  criteria  applicable to the Revolving  Credit
Loan,  the lesser of (i) the appraised  value  referred to in (x) above and (ii)
the sales price of such Mortgaged Property.

                  Assignment  of  Mortgage:  With  respect to any  Mortgage,  an
assignment,  notice of transfer or equivalent  instrument,  in recordable  form,
sufficient  under the laws of the  jurisdiction  in which the related  Mortgaged
Property is located to reflect the conveyance of the Mortgage, which assignment,
notice of transfer or  equivalent  instrument  may be in the form of one or more
blanket  assignments  covering the  Revolving  Credit Loans secured by Mortgaged
Properties located in the same jurisdiction.

                  Authorized  Newspaper:  A newspaper of general  circulation in
the Borough of Manhattan,  The City of New York, printed in the English language
and  customarily  published on each  Business  Day,  whether or not published on
Saturdays, Sundays or holidays.

                  Authorized Officer: With respect to the Issuer, any officer of
the Owner  Trustee  who is  authorized  to act for the Owner  Trustee in matters
relating to the Issuer and who is identified on the list of Authorized  Officers
delivered by the Owner Trustee to the Indenture  Trustee on the Closing Date (as
such list may be modified or supplemented from time to time thereafter).

                  Bank One:  Bank One, Columbus, N.A.

                  Bankruptcy Code:  The Bankruptcy Code of 1978, as amended.

                  Bankruptcy  Loss: With respect to any Revolving Credit Loan, a
Deficient Valuation or Debt Service Reduction; provided, however, that neither a
Deficient  Valuation nor a Debt Service  Reduction  shall be deemed a Bankruptcy
Loss hereunder so long as the Master

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                                                         3

<PAGE>



Servicer has notified the Indenture  Trustee in writing that the Master Servicer
is  diligently  pursuing  any  remedies  that may exist in  connection  with the
representations  and warranties made regarding the related Revolving Credit Loan
and either (A) the related  Revolving  Credit Loan is not in default with regard
to payments due thereunder or (B) delinquent  payments of principal and interest
under the  related  Revolving  Credit Loan and any  premiums  on any  applicable
primary hazard  insurance  policy and any related escrow  payments in respect of
such  Revolving  Credit Loan are being advanced on a current basis by the Master
Servicer or a  Subservicer,  in either case  without  giving  effect to any Debt
Service Reduction.

                  Bankruptcy Loss Amount: As of any date of  determination,  the
Bankruptcy Loss Amount shall equal $100,000 less the sum of any Liquidation Loss
Amounts on the Revolving  Credit Loans due to Bankruptcy  Losses up to such date
of determination.

                  Basic  Documents:  The Trust  Agreement,  the  Indenture,  the
Revolving Credit Loan Purchase Agreement,  the Insurance  Agreement,  the Credit
Enhancement Instrument,  the Servicing Agreement,  the Custodial Agreement,  the
Operating  Agreement  and the other  documents  and  certificates  delivered  in
connection with any of the above.

                  Beneficial  Owner: With respect to any Note, the Person who is
the beneficial owner of such Note as reflected on the books of the Depository or
on the books of a Person  maintaining an account with such Depository  (directly
as a Depository Participant or indirectly through a Depository  Participant,  in
accordance with the rules of such Depository).

                  Billing Cycle:  With respect to any Revolving Credit Loan and
Due Date, the calendar month preceding such Due Date.

                  Book-Entry Notes: Beneficial interests in the Notes, ownership
and  transfers of which shall be made through book entries by the  Depository as
described in Section 4.06 of the Indenture.

                  Business Day: Any day other than (i) a Saturday or a Sunday or
(ii) a day on which banking  institutions in the State of New York,  California,
Minnesota, Illinois or Delaware are required or authorized by law to be closed.

                  Business Trust Statute:  Chapter 38 of Title 12 of the
Delaware Code, 12 Del. Code ss.ss.3801 et seq., as the same may be amended from 
time to time.

                  Capped Funding Certificate:  Any Capped Funding Certificate
 issued in connection with an exchange pursuant to Section 3.03 of the Trust
 Agreement.

                  Capped Funding Note:  Any Capped Funding Note issued in 
connection with an exchange pursuant to Section 4.01(d) of the Indenture.

                  Certificate Distribution Account:  The account or accounts
 created and maintained by the Certificate Paying Agent pursuant to Section
 3.10(d) of the Trust Agreement.  The

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                                                         4

<PAGE>



Certificate  Paying Agent will make all  distributions on the Certificates  from
money on deposit in the Certificate Distribution Account.

                  Certificate  Distribution  Amount:  For any Payment Date,  the
amount  distributable  on the  Certificates  collectively  equal to the pro rata
percentage (based on the outstanding Security Balances of the Securities) of the
aggregate of the Principal Collection  Distribution Amount, the Liquidation Loss
Distribution Amount and the Special Capital Distribution Amount for such Payment
Date.

                  Certificate Paying Agent:  The meaning specified in Section 
3.10 of the Trust Agreement.

                  Certificate Percentage:  With respect to any Payment Date, the
ratio,  expressed as a percentage,  of the aggregate of the Security  Balance of
the  Certificates  immediately  prior  to  such  Payment  Date to the sum of the
aggregate of the Security  Balance of the Securities  immediately  prior to such
date.

                  Certificate  Preferred  Return:  With  respect to any  Payment
Date,  the amount  accrued  during the related  Interest  Period on the Security
Balance of the  Certificates at the Certificate  Rate for such Interest  Period,
calculated based on the actual number of days in the related Interest Period and
a year assumed to consist of 360 days.

                  Certificate  Preferred Return  Shortfall:  On any Payment Date
the amount by which  interest  accrued on the  Certificates  during the  related
Interest Period exceeds an amount equal to one-twelfth of the product of (a) the
ratio of the Security Balance of the Certificates to the Security Balance of the
Securities  multiplied by (b) the aggregate  principal  balance of the Revolving
Credit Loans multiplied by (c) the Net Loan Rate Cap.

                  Certificate Rate: With respect to any Interest Period, the per
annum rate  equal to the lesser of (i) the sum of (a) LIBOR,  plus (b) 0.40% per
annum (or,  on any  Payment  Date when the  aggregate  principal  balance of the
Revolving Credit Loans as of the last day during the related  Collection  Period
is less than 10% of the aggregate  Cut-off Date Loan Balance,  LIBOR plus 0.80%)
and  (ii)  the  Maximum  Net  Loan  Rate.  However,  on any  Payment  Date,  the
Certificate Rate is subject to limitations with respect to Interest Shortfalls.

     Certificate Register:  The register maintained by the Certificate Registrar
in which  the  Certificate  Registrar  shall  provide  for the  registration  of
Certificates and of transfers and exchanges of Certificates.

     Certificate Registrar: Initially, the Indenture Trustee, in its capacity as
Certificate Registrar.

     Certificate of Trust: The Certificate of Trust filed for the Trust pursuant
to Section 3810(a) of the Business Trust Statute.

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                                                         5

<PAGE>



     Certificates:  Collectively,  the  Initial  Certificates  and the  Variable
Funding  Certificates  in  substantially  the form set forth in Exhibit A to the
Trust Agreement.

 Certificateholder:  The Person in whose name a Certificate  is
registered in the Certificate  Register except that, any Certificate  registered
in the name of the Issuer,  the Owner  Trustee or the  Indenture  Trustee or any
Affiliate  of any  of  them  shall  be  deemed  not to be  outstanding  and  the
registered  holder will not be  considered a  Certificateholder  or a holder for
purposes  of giving  any  request,  demand,  authorization,  direction,  notice,
consent or waiver under the Indenture or the Trust  Agreement  provided that, in
determining  whether  the  Indenture  Trustee  or the  Owner  Trustee  shall  be
protected in relying upon any such request,  demand,  authorization,  direction,
notice,  consent or waiver,  only Certificates that the Indenture Trustee or the
Owner  Trustee  knows  to  be  so  owned  shall  be so  disregarded.  Owners  of
Certificates  that have been pledged in good faith may be regarded as Holders if
the pledgee  establishes  to the  satisfaction  of the Indenture  Trustee or the
Owner Trustee, as the case may be, the pledgee's right so to act with respect to
such Certificates and that the pledgee is not the Issuer, any other obligor upon
the Certificates or any Affiliate of any of the foregoing Persons.

     Class: The Term Notes, the Variable Funding Notes or the  Certificates,  as
the case may be.

     Class A Ownership  Interest:  The  ownership  interest in the  1996-HS3 LLC
designated as the Class A Ownership Interest.

     Class B Ownership  Interest:  The  ownership  interest in the  1996-HS3 LLC
designated as the Class B Ownership Interest.

                  Class A Preferred  Return:  As to each Payment  Date,  the per
annum rate equal to the sum of (i) LIBOR for the  related  Interest  Period plus
(ii) 0.50% (or, on any Payment Date when the aggregate  Principal Balance of the
Revolving Credit Loans as of the last day during the related  Collection  Period
is less than 10% of the aggregate  Cut-off Date Loan  Balance,  LIBOR plus 0.81%
per  annum)  provided,  however,  that in no event  shall the Class A  Preferred
Return exceed the Net Loan Rate Cap plus 0.19%.

                  Class A Principal  Balance:  As of any Payment Date, an amount
equal to (i) the aggregate principal balance of the Revolving Credit Loans minus
(ii) the Outstanding Reserve Amount.

                  Class  Percentage:  With  respect  to each  Class of Notes and
Payment Date, the ratio,  expressed as a percentage,  of the aggregate  Security
Balance of such Class of Notes to the aggregate  Security  Balance of the Notes,
in each case immediately prior to such Payment Date.

                  Closing Date:  October 30, 1996.

     Code:  The  Internal  Revenue Code of 1986,  as amended,  and the rules and
regulations promulgated thereunder.

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                                                         6

<PAGE>



                  Collateral:  The meaning specified in the Granting Clause of 
the Indenture.

                  Collection Period:  With respect to any Revolving Credit Loan
 and Payment Date, the calendar month preceding any such Payment Date.

                  Combined  Loan-to-Value  Ratio:  With respect to any Revolving
Credit Loan and any date, the percentage equivalent of a fraction, the numerator
of which is the sum of (i) the Credit Limit and (ii) the  outstanding  principal
balance as of the date of the origination of such Revolving  Credit Loan (or any
subsequent date as of which such outstanding principal balance may be determined
in connection  with an increase or decrease in the Credit Limit or to reduce the
amount of primary insurance for such Revolving Credit Loan) of any mortgage loan
or mortgage  loans that are secured by liens on the Mortgaged  Property that are
senior  or  subordinate  to the  Mortgage  and the  denominator  of which is the
Appraised Value of the related Mortgaged Property.

                  Corporate Trust Office: With respect to the Indenture Trustee,
Certificate Registrar,  Certificate Paying Agent and Paying Agent, the principal
corporate  trust office of the Indenture  Trustee and Note Registrar at which at
any particular  time its corporate trust business shall be  administered,  which
office at the date of the  execution of this  instrument  is located at 450 West
33rd  Street,  10th Floor,  New York,  New York 10007,  Attention:  Global Trust
Services.  With respect to the Owner  Trustee,  the  principal  corporate  trust
office of the Owner Trustee at which at any particular  time its corporate trust
business  shall be  administered,  which office at the date of the  execution of
this  Trust  Agreement  is  located at 1100  North  Market  Street,  Wilmington,
Delaware 19890, Attention: Corporate Trust Administrator.

                  Credit  Enhancement Draw Amount: An amount if any equal to the
sum of (x) the  amount  by  which  accrued  interest  on the  Class A  Principal
Balance,  at the  Guaranteed  Rate on such  Payment  Date  exceeds the amount on
deposit in the Payment  Account  available  for interest  distributions  on such
Payment  Date,  (y) any  Liquidation  Loss  Amount  (other  than any Excess Loss
Amount) not currently  covered by a Liquidation  Loss  Distribution  Amount or a
reduction in the Outstanding Reserve Amount and (z) and any Excess Loss Amount.

                  Credit  Enhancement  Instrument:   The  Certificate  Guarantee
Insurance  Policy number AB0084BE,  dated as of the Closing Date,  issued by the
Credit Enhancer to the Owner Trustee.

                  Credit    Enhancer:    AMBAC    Indemnity    Corporation,    a
Wisconsin-domiciled  stock insurance  corporation,  any successor thereto or any
replacement  credit  enhancer  substituted  pursuant  to  Section  3.29  of  the
Indenture.

     Credit  Enhancer  Default:  If the Credit  Enhancer fails to make a payment
required under the Credit Enhancement Instrument in accordance with its terms.

                  Credit Enhancer Premium Rate:  As set forth in the Insurance
 Agreement.


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                                                         7

<PAGE>



     Credit Limit:  With respect to any Revolving Credit Loan, the maximum Loan
Balance permitted under the terms of the related Loan Agreement.

                  Credit Line  Agreement  or Mortgage  Note:  With  respect to a
Revolving  Credit  Loan,  the  Loan  Agreement  pursuant  to which  the  related
mortgagor  agrees to pay the indebtedness  evidenced  thereby and secured by the
related Mortgage as modified or amended.

                  Custodial  Account:   The  account  or  accounts  created  and
maintained by the Master  Servicer  pursuant to Section 3.02(b) of the Servicing
Agreement,  in which the Master  Servicer shall deposit or cause to be deposited
certain amounts in respect of the Revolving Credit Loans.

                  Custodial  Agreement:  Any  Custodial  Agreement  between  the
Custodian, the Indenture Trustee, the Issuer and the Master Servicer relating to
the custody of the Revolving Credit Loans and the Related Documents.

                  Custodian:   Norwest Bank Minnesota, National Association, a
 national bank, and its successors and assigns.

                  Cut-off Date:  October 1, 1996.

                  Cut-off  Date Loan  Balance:  With  respect  to any  Revolving
Credit Loan, the unpaid principal balance thereof as of the close of business on
the last day of the related Billing Cycle immediately prior to the Cut-off Date.

                  Debt Service  Reduction:  With respect to any Revolving Credit
Loan, a reduction in the scheduled  payment for such Revolving  Credit Loan by a
court of competent  jurisdiction  in a  proceeding  under the  Bankruptcy  Code,
except such a reduction constituting a Deficient Valuation or any reduction that
results in a permanent forgiveness of principal.

                  Default:  Any occurrence which is or with notice or the lapse
 of time or both would become an Event of Default.

                  Deficient  Valuation:  With  respect to any  Revolving  Credit
Loan, a valuation by a court of competent jurisdiction of the Mortgaged Property
in an amount less than the then  outstanding  indebtedness  under the  Revolving
Credit  Loan,  or any  reduction  in the  amount  of  principal  to be  paid  in
connection with any scheduled  payment that constitutes a permanent  forgiveness
of principal,  which valuation or reduction  results from a proceeding under the
Bankruptcy Code.

     Deleted  Loan: A Revolving  Credit Loan  replaced or to be replaced with an
Eligible Substitute Loan.

     Definitive Notes: The meaning specified in Section 4.06 of the Indenture.
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                                                         8

<PAGE>



     Depositor:  Residential  Funding  Mortgage  Securities II, Inc., a Delaware
corporation, or its successor in interest.

                  Depository or Depository  Agency: The Depository Trust Company
or a successor  appointed  by the  Indenture  Trustee  with the  approval of the
Depositor.  Any successor to the Depository shall be an organization  registered
as a  "clearing  agency"  pursuant to Section  17A of the  Exchange  Act and the
regulations of the Securities and Exchange Commission thereunder.

     Depository  Participant:  A  Person  for  whom,  from  time  to  time,  the
Depository effects book-entry transfers and pledges of securities deposited with
the Depository.

     Designated Certificate:  The meaning specified in Section 3.11 of the Trust
Agreement.

     Designated  Holder:  With  respect  to  the  Designated  Certificates,  any
beneficial and record owner thereof, which shall be MATI as of the Closing Date.

                  Determination Date: With respect to any Payment Date, the 15th
day of the  month in which  such  Payment  Date  occurs  or if such day is not a
Business Day, the next succeeding Business Day.

                  Dissolution  Draw:  Following  an  Event of  Liquidation,  the
Business Day following the date on which the proceeds of the sale or liquidation
of the Trust Estate  (including the proceeds of any  dissolution of the 1996-HS3
LLC to be distributed on the Class A Ownership Interest pursuant to Section 14.3
of the Operating  Agreement) are to be distributed to the  Securityholders,  the
amount,  if any, by which the aggregate  amount  available for  distribution  to
Securityholders  is less than the sum of (1) an amount  equal to all accrued and
unpaid  interest  on  the  Notes  and  Certificate   Preferred   Return  on  the
Certificates  through such Payment Date and (2) 100% of the  aggregate  Security
Balance outstanding immediately prior to such Payment Date.

                  Dissolution  Payment Date:  Following an Event of Liquidation,
the  Business  Day  following  the date on which the proceeds of the sale of the
Trust Estate  (including any dissolution of the 1996-HS3 LLC pursuant to Section
14.3 of the Operating Agreement) are paid to Securityholders.

                  Distribution  Account:  The  account or  accounts  created and
maintained  by the Master  Servicer  pursuant to Section  5.01 of the  Servicing
Agreement.  Amounts deposited in the Distribution Account will be distributed by
the Master Servicer in accordance with Section 9.5 of the Operating Agreement.

     Draw:  With  respect to any  Revolving  Credit  Loan,  a  borrowing  by the
Mortgagor under the related Loan Agreement.


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                                                         9

<PAGE>



                  Draw Period:  With respect to each Revolving  Credit Loan, the
period  consisting  of either the first five or fifteen  years after the date of
origination of such Revolving Credit Loan, during which the related Mortgagor is
permitted to make Draws.

                  Due  Date:   With  respect  to  the  Revolving   Credit  Loans
subserviced  by Bank  One,  the 25th day of the month  and with  respect  to the
Revolving Credit Loans subserviced by GMACMC, the 20th day of the month.

                  Eligible Account: An account that is any of the following: (i)
maintained with a depository institution the debt obligations of which have been
rated by each Rating Agency in its highest rating available,  or (ii) an account
or accounts in a depository institution in which such accounts are fully insured
to the limits established by the FDIC, provided that any deposits not so insured
shall, to the extent  acceptable to each Rating Agency, as evidenced in writing,
be maintained such that (as evidenced by an Opinion of Counsel  delivered to the
Indenture  Trustee and each Rating  Agency) the  Indenture  Trustee have a claim
with respect to the funds in such account or a perfected first security interest
against  any  collateral  (which  shall be  limited  to  Permitted  Investments)
securing  such  funds  that is  superior  to claims of any other  depositors  or
creditors of the depository  institution  with which such account is maintained,
or (iii) in the case of the  Custodial  Account,  either (A) a trust  account or
accounts  maintained at the corporate trust department of the Indenture  Trustee
or (B) an account or accounts  maintained at the corporate  trust  department of
the Indenture Trustee,  as long as its short term debt obligations are rated P-1
by Moody's  and A-1 by Standard & Poor's (or the  equivalent)  or better by each
Rating Agency and its long term debt  obligations  are rated A2 by Moody's and A
by Standard & Poor's (or the  equivalent) or better,  by each Rating Agency,  or
(iv) in the case of the  Custodial  Account  and the  Payment  Account,  a trust
account or accounts  maintained in the corporate trust division of the Indenture
Trustee, or (v) an account or accounts of a depository institution acceptable to
each Rating  Agency (as  evidenced in writing by each Rating  Agency that use of
any such account as the Custodial Account or the Payment Account will not reduce
the  rating  assigned  to  any of the  Securities  by  such  Rating  Agency  (if
determined without regard to the Credit Enhancement  Instrument) below the lower
of the  then-current  rating  or the  rating  assigned  to such  Securities  (if
determined  without  regard  to the  Credit  Enhancement  Instrument)  as of the
Closing Date by such Rating Agency).

                  Eligible  Substitute Loan: A Revolving Credit Loan substituted
by the Seller for a Deleted Loan which must,  on the date of such  substitution,
as confirmed in an Officers' Certificate delivered to the Indenture Trustee, (i)
have an outstanding principal balance,  after deduction of the principal portion
of the  monthly  payment due in the month of  substitution  (or in the case of a
substitution  of more than one  Revolving  Credit  Loan for a Deleted  Revolving
Credit Loan, an aggregate outstanding principal balance,  after such deduction),
not in excess of the  outstanding  principal  balance of the  Deleted  Loan (the
amount of any shortfall to be deposited by the Seller in the  Custodial  Account
in the month of substitution); (ii) comply with each representation and warranty
set forth in clauses (ii) through  (xxxiii) of Section  3.1(b) of the  Revolving
Credit  Loan  Purchase  Agreement  other than  clauses  (viii),  (xiii),  (xiv),
(xxiv)(B),  (xxv)(B),  (xxvi) and (xxvii) as of the date of substitution;  (iii)
have a Loan Rate, Net Loan Rate and Gross Margin no lower than and not more than
1% per  annum  higher  than  the Loan  Rate,  Net Loan  Rate and  Gross  Margin,
respectively, of the Deleted Loan as of the date of

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                                                        10

<PAGE>



substitution;   (iv)  have  a  Combined  Loan-to-Value  Ratio  at  the  time  of
substitution   no  higher  than  that  of  the  Deleted  Loan  at  the  time  of
substitution; (v) have a remaining term to stated maturity not greater than (and
not more than one year less  than) that of the  Deleted  Loan and (vi) not be 30
days or more delinquent.

        RISA:  The Employee Retirement Income Security Act of 1974, as amended.

                  Event of Default:  With respect to the  Indenture,  any one of
the following  events (whatever the reason for such Event of Default and whether
it shall be  voluntary  or  involuntary  or be effected by  operation  of law or
pursuant  to any  judgment,  decree or order of any court or any order,  rule or
regulation of any administrative or governmental body):

     (i) a default  in the  payment  of any  interest  on any Note when the same
becomes due and payable,  and such default  shall  continue for a period of five
days; or
                        (ii) a default in the payment of the principal of or any
         installment  of the principal of any Note when the same becomes due and
         payable, and such default shall continue for a period of five days; or

                       (iii)  there  occurs  a  default  in  the  observance  or
         performance  of any  covenant  or  agreement  of the Issuer made in the
         Indenture,  or any representation or warranty of the Issuer made in the
         Indenture or in any  certificate  or other writing  delivered  pursuant
         hereto or in connection  herewith proving to have been incorrect in any
         material  respect  as of the time  when the same  shall  have been made
         which  has a  material  adverse  effect  on  Securityholders,  and such
         default  shall  continue  or  not be  cured,  or  the  circumstance  or
         condition  in respect  of which such  representation  or  warranty  was
         incorrect  shall not have been  eliminated  or otherwise  cured,  for a
         period of 30 days after there shall have been given,  by  registered or
         certified mail, to the Issuer by the Indenture Trustee or to the Issuer
         and  the  Indenture  Trustee  by the  Holders  of at  least  25% of the
         outstanding  Security  Balance of the Notes or the Credit  Enhancer,  a
         written notice  specifying such default or incorrect  representation or
         warranty  and  requiring it to be remedied and stating that such notice
         is a notice of default hereunder; or

                        (iv)  there  occurs  the filing of a decree or order for
         relief by a court having jurisdiction in the premises in respect of the
         Issuer or any  substantial  part of the Trust Estate in an  involuntary
         case under any applicable  federal or state  bankruptcy,  insolvency or
         other similar law now or hereafter in effect, or appointing a receiver,
         liquidator,  assignee,  custodian,  trustee,  sequestrator  or  similar
         official of the Issuer or for any substantial part of the Trust Estate,
         or ordering the winding-up or liquidation of the Issuer's affairs,  and
         such decree or order shall  remain  unstayed and in effect for a period
         of 60 consecutive days; or

                         (v) there  occurs the  commencement  by the Issuer of a
         voluntary  case  under  any  applicable  federal  or state  bankruptcy,
         insolvency  or other  similar law now or  hereafter  in effect,  or the
         consent  by the  Issuer  to the  entry of an  order  for  relief  in an
         involuntary  case under any such law,  or the  consent by the Issuer to
         the appointment or

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                                                        11

<PAGE>



         taking  possession  by a  receiver,  liquidator,  assignee,  custodian,
         trustee,  sequestrator  or  similar  official  of the Issuer or for any
         substantial  part of the assets of the Trust  Estate,  or the making by
         the Issuer of any general  assignment for the benefit of creditors,  or
         the  failure  by the  Issuer  generally  to pay its debts as such debts
         become due, or the taking of any action by the Issuer in furtherance of
         any of the foregoing.

                  Event of  Liquidation:  Either (A) following the occurrence of
an Event of Default  under the  Indenture,  the  determination  by the Indenture
Trustee,  as evidenced by a written notice  provided to the Owner  Trustee,  the
Depositor,  the  1996-HS3  LLC and  the  Credit  Enhancer  that  all  conditions
precedent  to the sale or other  liquidation  of the Trust  Estate  pursuant  to
Section 5.04 of the Indenture have been  satisfied;  or (B) in connection with a
termination of the Trust required under Section 8.02 of the Trust  Agreement,  a
direction by the Owner  Trustee to the  Indenture  Trustee to sell the assets of
the Trust. For purposes of making such  determination  referred to in (A) above,
the anticipated  proceeds of such sale or liquidation  shall be deemed to be the
amount that the Indenture Trustee  anticipates would be distributed on the Class
A Ownership Interest pursuant to Section 14.3 of the Operating Agreement.

                  Excess Loss Amount:  On any Payment Date "Excess Loss Amounts"
will be equal to the sum of (i) the excess, if any, of the aggregate Liquidation
Loss  Amounts  (other than as  described  in clauses  (ii) - (v) hereof) for the
related Collection Period and all preceding Collection Periods over $33,592,925,
(ii) any Special Hazard Losses in excess of the Special Hazard Amount, (iii) any
Fraud Losses in excess of the Fraud Loss Amount,  (iv) any Bankruptcy  Losses in
excess of the Bankruptcy Loss Amount,  and (v) 87.5% of any losses incurred on a
Revolving Credit Loan caused by or resulting from an Extraordinary Event.

     Exchange  Act: The  Securities  Exchange Act of 1934,  as amended,  and the
rules and regulations promulgated thereunder.

                  Excluded  Amount:  For  any  Payment  Date  on  or  after  the
occurrence of an Amortization  Event, the portion of the balance with respect to
each  Revolving  Credit Loan  attributable  to all Draws not  transferred to the
1996-HS3  LLC,  and  the  portion  of the  Principal  Collections  and  Interest
Collections thereon for each Collection Period allocated to such Excluded Amount
based on a pro rata allocation  between the related Excluded Amount and the Loan
Balance in proportion to the respective amounts outstanding as of the end of the
calendar month preceding such Collection Period.

    Expenses:  The meaning specified in Section 7.02 of the Trust Agreement.

                  Extraordinary  Event:  Any of the  following  conditions  with
respect to a Mortgaged Property or Revolving Credit Loan causing or resulting in
a loss which causes the liquidation of such Revolving Credit Loan:

                  (a)  losses  that are of a type that  would be  covered by the
         fidelity bond and the errors and omissions insurance policy required to
         be maintained  pursuant to Section 3.13 of the Servicing  Agreement but
         are in excess of the coverage maintained thereunder;


[NY01:227434.5]  16069-00369  11/04/96 11:11am
                                                        12

<PAGE>



                  (b)  nuclear  reaction  or nuclear  radiation  or  radioactive
         contamination, all whether controlled or uncontrolled, and whether such
         loss be direct or  indirect,  proximate  or remote or be in whole or in
         part caused by,  contributed to or aggravated by a peril covered by the
         definition of the term "Special Hazard Loss";

                  (c)  hostile  or  warlike  action  in  time of  peace  or war,
         including  action in  hindering,  combatting  or  defending  against an
         actual, impending or expected attack:

     1.   by any government or sovereign power, de jure or de facto, or by any
          authority maintaining or using military, naval or air forces; or

         2.   by military, naval or air forces; or

         3.   by an agent of any such government, power, authority or forces;

(d)      any weapon of war employing atomic fission or radioactive force whether
         in time of peace or war; or

           (e) insurrection,  rebellion,  revolution,  civil war, usurped
  power  or  action  taken  by   governmental   authority  in  hindering,
  combatting  or  defending  against  such  an  occurrence,   seizure  or
  destruction  under quarantine or customs  regulations,  confiscation by
  order of any government or public authority;  or risks of contraband or
  illegal transportation or trade.

     FDIC:  The Federal Deposit Insurance Corporation or any successor thereto.

          FHLMC:  The Federal Home Loan Mortgage Corporation, or any successor
thereto.

                  Final Scheduled Payment Date:  The Payment Date in June 2022.

  FNMA:  The Federal National Mortgage Association, or any successor thereto.

                  Foreclosure  Profit:  With respect to a  Liquidated  Revolving
Credit  Loan,  the amount,  if any, by which (i) the  aggregate  of  Liquidation
Proceeds net of Liquidation Expenses exceeds (ii) the related Loan Balance (plus
accrued and unpaid  interest  thereon at the applicable  Loan Rate from the date
interest  was last paid  through  the date of receipt  of the final  Liquidation
Proceeds) of such  Liquidated  Revolving  Credit Loan  immediately  prior to the
final recovery of its Liquidation Proceeds.

                  Fraud Loss Amount:  As of any date of determination  after the
Cut-off  Date,  the  Fraud  Loss  Amount  shall  equal  (X)  prior to the  first
anniversary  of the Cut-off Date an amount  equal to 3% of the  aggregate of the
Credit  Limits of the  Revolving  Credit  Loans as of the Cutoff  Date minus the
aggregate of any Liquidation  Loss Amounts on the Revolving  Credit Loans due to
Fraud Losses up to such date of determination;  (Y) from the first to the second
anniversary  of the Cut-off  Date,  an amount equal to (1) the lesser of (a) the
Fraud Loss Amount

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                                                        13

<PAGE>



as of  the  most  recent  anniversary  of the  Cut-off  Date  and  (b) 2% of the
aggregate  of the Credit  Limits of the  Revolving  Credit  Loans as of the most
recent  anniversary  of  the  Cut-off  Date  minus  (2)  the  aggregate  of  any
Liquidation Loss Amounts on the Revolving Credit Loans due to Fraud Losses since
the  most  recent   anniversary   of  the  Cut-off  Date  up  to  such  date  of
determination;  and (Z) from the second to the fifth  anniversary of the Cut-off
Date,  an amount  equal to (1) the lesser of (a) the Fraud Loss Amount as of the
most recent  anniversary  of the Cut-off Date and (b) 1% of the aggregate of the
Credit Limits of the Revolving  Credit as of the most recent  anniversary of the
Cut-off  Date minus (2) the  aggregate  of any  Liquidation  Loss Amounts on the
Revolving Credit Loans due to Fraud Losses since the most recent  anniversary of
the  Cut-off  Date up to such  date of  determination.  On and  after  the fifth
anniversary of the Cut-off Date the Fraud Loss Amount shall be zero.

  Fraud Losses:  Losses on Revolving Credit Loans as to which there was fraud in
the origination of such Revolving Credit Loan.

                  GMACMC:  GMAC Mortgage Corporation of PA.

                  Grant:  Pledge,  bargain,  sell,  warrant,  alienate,  remise,
release, convey, assign, transfer,  create, and grant a lien upon and a security
interest in and right of set-off against, deposit, set over and confirm pursuant
to the  Indenture.  A Grant  of the  Collateral  or of any  other  agreement  or
instrument  shall  include  all  rights,  powers  and  options  (but none of the
obligations)  of the granting  party  thereunder,  including  the  immediate and
continuing right to claim for,  collect,  receive and give receipt for principal
and  interest  payments  in respect of such  collateral  or other  agreement  or
instrument and all other moneys payable thereunder,  to give and receive notices
and other communications,  to make waivers or other agreements,  to exercise all
rights and options,  to bring  proceedings  in the name of the granting party or
otherwise,  and generally to do and receive  anything that the granting party is
or may be entitled to do or receive thereunder or with respect thereto.

                  Gross Margin:  With respect to any Revolving  Credit Loan, the
percentage  set forth as the  "Margin"  for such  Revolving  Credit  Loan on the
Revolving Credit Loan Schedule.

                  Guaranteed Rate: The weighted average of the Note Rate and the
Certificate Rate, based on the outstanding Security Balances thereof;  provided,
however,  the Guaranteed  Rate shall not exceed the Net Loan Rate Cap related to
such Payment Date.

                  Holder:  Any of the Noteholders or Certificateholders.

     Increased  Reserve Amount Target: As set forth in the definition of Reserve
Amount Target.
     Indemnified  Party:  The  meaning  specified  in Section  7.02 of the Trust
Agreement.

     Indenture: The indenture dated as of October 1, 1996 between the Issuer, as
debtor, and the Indenture Trustee, as indenture trustee.
[NY01:227434.5]  16069-00369  11/04/96 11:11am
                                                        14

<PAGE>




     Indenture Trustee: The Chase Manhattan Bank, and its successors and assigns
or any  successor  indenture  trustee  appointed  pursuant  to the  terms of the
Indenture.

                  Independent:  When used with respect to any specified  Person,
the Person (i) is in fact  independent  of the Issuer,  any other obligor on the
Notes,  the Seller,  the 1996-HS3 LLC, the Depositor and any Affiliate of any of
the foregoing  Persons,  (ii) does not have any direct financial interest or any
material indirect financial interest in the Issuer, any such other obligor,  the
Seller, the 1996-HS3 LLC, the Depositor or any Affiliate of any of the foregoing
Persons and (iii) is not connected with the Issuer, any such other obligor,  the
Seller, the 1996-HS3 LLC, the Depositor or any Affiliate of any of the foregoing
Persons  as an  officer,  employee,  promoter,  underwriter,  trustee,  partner,
director or person performing similar functions.

                  Independent  Certificate:  A  certificate  or  opinion  to  be
delivered to the  Indenture  Trustee under the  circumstances  described in, and
otherwise  complying  with, the applicable  requirements of Section 10.01 of the
Indenture,  made by an  Independent  appraiser or other  expert  appointed by an
Issuer Order and approved by the Indenture Trustee in the exercise of reasonable
care, and such opinion or  certificate  shall state that the signer has read the
definition of "Independent" in this Indenture and that the signer is Independent
within the meaning thereof.

                  Index:  With respect to any Revolving  Credit Loan,  the prime
rate from time to time for the  adjustment of the Loan Rate set forth as such on
the related Credit Line Agreement.

                  Initial    Certificates:    The   Home   Equity    Loan-Backed
Certificates,  Series 1996- HS3,  issued on the Closing  Date,  each  evidencing
undivided beneficial interests in the Issuer and executed by the Owner Trustee.

                  Initial  Security   Balance:   With  respect  to  the  Initial
Certificates,  $21,499,396;  the  Term  Notes,  $247,244,000;  and the  Variable
Funding Notes and the Variable Funding Certificates, zero.

                  Insolvency Event: With respect to a specified Person,  (a) the
filing of a decree or order for  relief by a court  having  jurisdiction  in the
premises in respect of such Person or any substantial part of its property in an
involuntary  case under any applicable  bankruptcy,  insolvency or other similar
law now or hereafter in effect, or appointing a receiver, liquidator,  assignee,
custodian,  trustee, sequestrator or similar official for such Person or for any
substantial  part of its property,  or ordering the winding-up or liquidation of
such  Person's  affairs,  and such decree or order shall remain  unstayed and in
effect for a period of 60  consecutive  days;  or (b) the  commencement  by such
Person of a voluntary case under any applicable bankruptcy,  insolvency or other
similar  law now or  hereafter  in effect,  or the consent by such Person to the
entry of an order for relief in an  involuntary  case under any such law, or the
consent by such Person to the appointment of or taking possession by a receiver,
liquidator,  assignee,  custodian, trustee, sequestrator or similar official for
such Person or for any substantial  part of its property,  or the making by such
Person of any general assignment for the benefit of creditors, or the failure by
such Person generally to pay its debts as such debts become due or the admission
by such Person in writing (as to which the Indenture  Trustee shall have notice)
of its  inability  to pay its debts  generally,  or the adoption by the Board of
Directors or managing member of such

[NY01:227434.5]  16069-00369  11/04/96 11:11am
                                                        15

<PAGE>



Person of a resolution which authorizes  action by such Person in furtherance of
any of the foregoing.

                  Insurance  Agreement:  The Insurance  and Indemnity  Agreement
dated as of  October  30,  1996  among the  Master  Servicer,  the  Seller,  the
Depositor,  the 1996-HS3 LLC, the Issuer,  the Indenture  Trustee and the Credit
Enhancer, including any amendments and supplements thereto.

                  Insurance  Proceeds:  Proceeds paid by any insurer (other than
the Credit  Enhancer)  pursuant  to any  insurance  policy  covering a Revolving
Credit Loan which are required to be remitted to the Master Servicer, or amounts
required to be paid by the Master Servicer pursuant to the next to last sentence
of Section 3.04 of the Servicing  Agreement,  net of any  component  thereof (i)
covering  any  expenses  incurred  by or on behalf  of the  Master  Servicer  in
connection with obtaining such proceeds, (ii) that is applied to the restoration
or repair of the related Mortgaged Property,  (iii) released to the Mortgagor in
accordance  with the  Master  Servicer's  normal  servicing  procedures  or (iv)
required to be paid to any holder of a mortgage senior to such Revolving  Credit
Loan.

                  Interest  Collections:  With respect to any Payment Date,  the
sum of all  payments  by or on  behalf  of  Mortgagors  and  any  other  amounts
constituting  interest  (including  without limitation such portion of Insurance
Proceeds,  Net  Liquidation  Proceeds and  Repurchase  Prices as is allocable to
interest on the  applicable  Revolving  Credit Loan) as is paid by the Seller or
the Master  Servicer or is collected by the Servicer under the Revolving  Credit
Loans,  reduced by the Servicing Fees for the related  Collection  Period and by
any fees (including annual fees) or late charges or similar  administrative fees
paid by  Mortgagors  during  the  related  Collection  Period.  The terms of the
related Loan Agreement shall determine the portion of each payment in respect of
such Revolving Credit Loan that constitutes principal or interest.

                  Interest  Period:  With respect to any Payment Date other than
the first Payment Date, the period  beginning on the preceding  Payment Date and
ending on the day  preceding  such  Payment  Date,  and in the case of the first
Payment  Date,  the period  beginning  on the Closing Date and ending on the day
preceding the first Payment Date.

                  Interest Rate Adjustment  Date: With respect to each Revolving
Credit Loan,  the date or dates on which the Loan Rate is adjusted in accordance
with the related Credit Line Agreement.

                  Interest  Shortfall:  (i) With  respect to the  Notes,  on any
Payment Date an amount on which interest accrued on the Notes during the related
Interest Period exceeds an amount equal to one-twelfth of the product of (a) the
ratio of the  Security  Balance  of the  Notes to the  Security  Balance  of the
Securities  multiplied by (b) the aggregate  principal  balance of the Revolving
Credit  Loans  multiplied  by (c) the Net Loan Rate Cap and (ii) with respect to
the  Certificates,   the  Certificate   Preferred  Return  Shortfall.   Interest
Shortfalls  will not be  included  as  interest  payments  on the  Notes and the
Certificates  for such Payment Date and such amount will accrue  interest at the
Note Rate and the Certificate Rate on the Notes and the Certificates,

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<PAGE>



respectively  (each,  as adjusted  from time to time) and will be paid on future
Payment  Dates only to the extent funds are  available  therefor as set forth in
Section 3.05(a) of the Indenture.

     Issuer or Trust: The Home Equity Loan Trust 1996-HS3,  a Delaware  business
trust, or its successor in interest.

     Issuer Request: A written order or request signed in the name of the Issuer
by any one of its Authorized Officers and delivered to the Indenture Trustee.

                  LIBOR:  For any Interest  Period other than the first Interest
Period,  the rate for United States dollar  deposits for one month which appears
on the Telerate Screen Page 3750 as of 11:00 A.M., London,  England time, on the
second LIBOR Business Day prior to the first day of such Interest  Period.  With
respect to the first Interest Period, the rate for United States dollar deposits
for one month which  appears on the Telerate  Screen Page 3750 as of 11:00 A.M.,
London, England time, two LIBOR Business Days prior to the Closing Date. If such
rate does not appear on such page (or such other page as may  replace  that page
on that service, or if such service is no longer offered, such other service for
displaying  LIBOR or  comparable  rates  as may be  reasonably  selected  by the
Indenture Trustee after consultation with the Master Servicer), the rate will be
the Reference Bank Rate. If no such  quotations can be obtained and no Reference
Bank Rate is available,  LIBOR will be LIBOR applicable to the preceding Payment
Date.

                  LIBOR  Business  Day:  Any day other than (i) a Saturday  or a
Sunday  or (ii) a day on  which  banking  institutions  in the  city of  London,
England are required or authorized by law to be closed.

                  Lien:  Any  mortgage,  deed  of  trust,  pledge,   conveyance,
hypothecation, assignment, participation, deposit arrangement, encumbrance, lien
(statutory or other),  preference,  priority right or interest or other security
agreement  or  preferential  arrangement  of  any  kind  or  nature  whatsoever,
including,  without  limitation,  any conditional  sale or other title retention
agreement,  any financing lease having substantially the same economic effect as
any of the  foregoing and the filing of any  financing  statement  under the UCC
(other than any such financing statement filed for informational  purposes only)
or  comparable  law of  any  jurisdiction  to  evidence  any  of the  foregoing;
provided, however, that any assignment pursuant to Section 6.02 of the Servicing
Agreement shall not be deemed to constitute a Lien.

                  Liquidated  Revolving Credit Loan: With respect to any Payment
Date,  any  Revolving  Credit Loan in respect of which the Master  Servicer  has
determined,  in  accordance  with  the  servicing  procedures  specified  in the
Servicing  Agreement,  as of the  end  of the  related  Collection  Period  that
substantially all Liquidation  Proceeds which it reasonably  expects to recover,
if any, with respect to the disposition of the related REO have been recovered.

                  Liquidation  Expenses:  Out-of-pocket  expenses  (exclusive of
overhead)  which  are  incurred  by or on  behalf  of  the  Master  Servicer  in
connection with the  liquidation of any Revolving  Credit Loan and not recovered
under any insurance policy, such expenses including,  without limitation,  legal
fees and expenses, any unreimbursed amount expended (including,

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<PAGE>



without  limitation,  amounts  advanced to correct defaults on any mortgage loan
which is senior to such  Revolving  Credit  Loan and  amounts  advanced  to keep
current or pay off a mortgage loan that is senior to such Revolving Credit Loan)
respecting the related  Revolving  Credit Loan and any related and  unreimbursed
expenditures  for  real  estate  property  taxes  or for  property  restoration,
preservation or insurance against casualty loss or damage.

                  Liquidation Loss Amounts: With respect to any Payment Date and
any Revolving Credit Loan that became a Liquidated  Revolving Credit Loan during
the related  Collection  Period,  the  unrecovered  portion of the related  Loan
Balance thereof at the end of such Collection Period, after giving effect to the
Net Liquidation Proceeds applied in reduction of the Loan Balance.

                  Liquidation  Loss  Distribution  Amount:  With  respect to any
Payment Date, the aggregate of (A) 100% of the  Liquidation  Loss Amounts (other
than  any  Excess  Loss  Amounts)  on such  Payment  Date,  plus  (B)  any  such
Liquidation  Loss  Amounts  (other  than  any  Excess  Loss  Amounts)  remaining
undistributed  from any preceding  Payment Date (with interest thereon at a rate
specified in the Insurance  Agreement for amounts owing to the Credit Enhancer),
provided that any such Liquidation Loss Amount pursuant to this clause (B) shall
not be distributed to the extent that the Liquidation  Loss Amount was reflected
in the reduction of the Outstanding Reserve Amount.

                  Liquidation  Proceeds:  Proceeds (including Insurance Proceeds
but not including amounts drawn under the Credit Enhancement  Instrument) if any
received in connection  with the  liquidation  of any  Revolving  Credit Loan or
related REO, whether through trustee's sale, foreclosure sale or otherwise.

               LLC or 1996-HS3 LLC:  1996-HS3 LLC, a limited liability company.

     Loan Agreement:  With respect to any Revolving Credit Loan, the credit line
account  agreement  executed  by the  related  Mortgagor  and any  amendment  or
modification thereof.

                  Loan Balance: With respect to any Revolving Credit Loan, other
than a Liquidated  Revolving Credit Loan, and as of any day, the related Cut-off
Date Loan Balance, plus (i) any Additional Balances in respect of such Revolving
Credit Loan conveyed to the 1996-HS3 LLC, minus (ii) all collections credited as
principal in respect of any such  Revolving  Credit Loan in accordance  with the
related Loan Agreement  (except for any such  collections  that are allocable to
any Excluded Amount) and applied in reduction of the Loan Balance  thereof.  For
purposes of this definition,  a Liquidated Revolving Credit Loan shall be deemed
to have a Loan Balance equal to the Loan Balance of the related Revolving Credit
Loan  immediately  prior to the final  recovery  of  substantially  all  related
Liquidation Proceeds and a Loan Balance of zero thereafter.

     Loan Rate:  With respect to any Revolving  Credit Loan and any day, the per
annum rate of interest applicable under the related Loan Agreement.


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<PAGE>




                  Lost Note Affidavit: With respect to any Revolving Credit Loan
as to which the original  Credit Line  Agreement  has been  permanently  lost or
destroyed and has not been replaced, an affidavit from the Seller or the related
Program Seller certifying that the original Credit Line Agreement has been lost,
misplaced  or  destroyed  (together  with a  copy  of the  related  Credit  Line
Agreement).

                  Managing Member: A Person appointed pursuant to Article VII of
the Operating  Agreement to act as manager  thereunder who is a holder of either
the Class A Ownership Interest or the Class B Ownership Interest.

     Master Servicer:  Residential Funding Corporation,  a Delaware corporation,
and its successors and assigns.

                  Master  Servicing  Fee: With respect to any  Revolving  Credit
Loan and any Collection Period, the product of (i) the Master Servicing Fee Rate
divided by 12 and (ii) the Pool  Balance as of the first day of such  Collection
Period.

  Master Servicing Fee Rate:  With respect to any Revolving Credit Loan, 0.08%
per annum.

MATI:  Mortgage Assets Trading, Inc., a Delaware corporation, or its successors.

  Maximum Credit Enhancement Instrument Amount:  $316,622,360.

  Maximum Loan Rate Cap: With respect to each  Revolving  Credit
Loan, the lesser of (i) the Maximum Rate, if any, or (ii) the  applicable  state
usury ceiling, if any.

                  Maximum Net Loan Rate: The Maximum Net Loan Rate will be equal
to (x) (1)  one-twelfth  of the  aggregate  principal  balance of the  Revolving
Credit Loans multiplied by the weighted average of the Maximum Loan Rate Caps on
the  Revolving  Credit Loans as of the first day of the calendar  month in which
the Interest  Period  begins,  minus (2) the sum of the  Servicing  Fees and the
amount of the premium  payable to the Credit Enhancer with respect to the Policy
for such Payment  Date,  divided by (y) the aggregate  Principal  Balance of the
Notes and Certificates as of such Payment Date, multiplied by (z) 360 divided by
the actual number of days in the related Interest Period.

                  Maximum Pool Balance:  As to any Payment Date the highest Pool
Balance at the end of any  Collection  Period  from the  Closing  Date up to and
including the related Collection Period.
                  Maximum Rate: With respect to each Revolving  Credit Loan with
respect to which the related Credit Line Agreement  provides for a lifetime rate
cap, the maximum Loan Rate permitted over the life of such Revolving Credit Loan
under the terms of such Credit  Line  Agreement,  as set forth on the  Revolving
Credit Loan  Schedule and  initially as set forth on Exhibit A to the  Servicing
Agreement.


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<PAGE>



                  Maximum Variable Funding Balance: The maximum Security Balance
of the Variable  Funding  Notes and the Variable  Funding  Certificates  may not
exceed an  aggregate  amount  equal to  $47,878,964  minus any  amounts  paid as
principal on the Variable  Funding Notes and Variable  Funding  Certificates  or
such greater amount as may be permitted under the Indenture.

     Maximum Variable  Funding  Certificate  Balance:  At any time, 8.00% of the
Maximum Variable Funding Balance. 

          Maximum  Variable  Funding Note  Balance:  At any time,  92.00% of the
     Maximum Variable Funding Balance.

          Minimum Monthly Payment: With respect to any Revolving Credit Loan and
     any month, the minimum amount required to be paid by the related  Mortgagor
     in that month.

          Moody's: Moody's Investors Service, Inc. or its successor in interest.

                  Mortgage:  The  mortgage,  deed of trust  or other  instrument
creating  a first or second  lien on an estate in fee  simple  interest  in real
property securing a Revolving Credit Loan.

                  Mortgage  File:  The file  containing  the  Related  Documents
pertaining to a particular  Revolving  Credit Loan and any additional  documents
required to be added to the Mortgage File pursuant to the Revolving  Credit Loan
Purchase Agreement or the Servicing Agreement.

          Mortgaged Property:  The underlying property,  including real property
     and improvements thereon, securing a Revolving Credit Loan.
                  Mortgagor:  The obligor or obligors under a Loan Agreement.

                  Net  Liquidation  Proceeds:  With  respect  to any  Liquidated
Revolving Credit Loan, Liquidation Proceeds net of Liquidation Expenses (but not
including  the portion,  if any, of such amount that exceeds the Loan Balance of
the  Revolving  Credit  Loan at the  end of the  Collection  Period  immediately
preceding the Collection Period in which such Revolving Loan became a Liquidated
Revolving Credit Loan).

          Net Loan Rate: With respect to any Revolving  Credit Loan and any day,
     the related Loan Rate less 0.77% per annum.

                  Net Loan Rate Cap:  With  respect  to any  Payment  Date,  the
Weighted  Average  Net Loan  Rate  (adjusted  to an  effective  rate  reflecting
interest  calculated  on the basis of the actual  number of days in the  related
Interest Period and a year assumed to consist of 360 days).

                  Net Principal  Collections:  With respect to any  Distribution
Date,  the excess,  if any, of Security  Principal  Collections  for the related
Collection  Period over the amount of  Additional  Balances  created  during the
related Collection Period.

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                                                        20

<PAGE>




                  Non-member  Manager:  A Person  appointed  pursuant to Section
12.1 of the Operating Agreement to act as manager thereunder who is not a holder
of either the Class A Ownership Interest or the Class B Ownership Interest.

                  Note Owner:  The Beneficial Owner of a Note.

                  Note Rate:  With respect to any Interest  Period,  a per annum
rate determined by the Master Servicer equal to the lesser of (i) LIBOR for such
Interest Period plus 0.21%, or, on any Payment Date when the aggregate Principal
Balance of the  Revolving  Credit  Loans as of the last day  during the  related
Collection  Period is less than 10% of the aggregate  Cut-off Date Loan Balance,
LIBOR plus 0.42% and (ii) the  Maximum  Net Loan Rate.  However,  on any Payment
Date  the  Note  Rate  is  subject  to  limitations  with  respect  to  Interest
Shortfalls.

          Note Register:  The register maintained by the Note Registrar in which
     the Note  Registrar  shall  provide  for the  registration  of Notes and of
     transfers and exchanges of Notes.

      Note Registrar:  The Indenture Trustee, in its capacity as Note Registrar.

                  Noteholder:  The Person in whose name a Note is  registered in
the  Note  Register,  except  that,  any  Note  registered  in the  name  of the
Depositor,  the Issuer or the Indenture  Trustee or any Affiliate of any of them
shall be deemed not to be  outstanding  and the  registered  holder  will not be
considered  a Noteholder  or holder for purposes of giving any request,  demand,
authorization,  direction,  notice, consent or waiver under the Indenture or the
Trust  Agreement  provided  that, in determining  whether the Indenture  Trustee
shall be  protected  in relying upon any such  request,  demand,  authorization,
direction,  notice,  consent or waiver, only Notes that the Indenture Trustee or
the Owner Trustee knows to be so owned shall be so disregarded.  Owners of Notes
that have been  pledged in good faith may be  regarded as Holders if the pledgee
establishes to the  satisfaction  of the Indenture  Trustee or the Owner Trustee
the pledgee's right so to act with respect to such Notes and that the pledgee is
not the Issuer,  any other obligor upon the Notes or any Affiliate of any of the
foregoing Persons.

          Notes:  Collectively,  the Term Notes and the Variable  Funding  Notes
     issued and outstanding at any time pursuant to the Indenture.

                  Officer's Certificate:  With respect to the Master Servicer, a
certificate  signed by the  President,  Managing  Director,  a Director,  a Vice
President or an Assistant Vice  President,  of the Master Servicer and delivered
to the Indenture  Trustee.  With respect to the Issuer, a certificate  signed by
any Authorized Officer of the Issuer, under the circumstances  described in, and
otherwise  complying  with, the applicable  requirements of Section 10.01 of the
Indenture,  and delivered to the Indenture Trustee.  Unless otherwise specified,
any  reference  in the  Indenture  to an  Officer's  Certificate  shall be to an
Officer's Certificate of any Authorized Officer of the Issuer.

     Operating Agreement:  The Agreement pursuant to which the 1996-HS3 LLC is
established.


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<PAGE>



                  Opinion of Counsel: A written opinion of counsel.  Any Opinion
of Counsel for the Master  Servicer may be provided by in-house  counsel for the
Master Servicer if reasonably  acceptable to the Indenture  Trustee,  the Credit
Enhancer and the Rating  Agencies or counsel for the Depositor,  as the case may
be.

          Outstanding:   With   respect  to  the  Notes,   as  of  the  date  of
     determination,  all Notes theretofore executed, authenticated and delivered
     under this Indenture except:

          (i) Notes theretofore  cancelled by the Note Registrar or delivered to
     the Indenture Trustee for cancellation; and

                        (ii)  Notes in  exchange  for or in lieu of which  other
         Notes have been executed,  authenticated and delivered  pursuant to the
         Indenture  unless  proof  satisfactory  to  the  Indenture  Trustee  is
         presented that any such Notes are held by a holder in due course;

provided, however, that for purposes of effectuating the Credit Enhancer's right
of  subrogation  as set forth in Section 4.12 of the Indenture  only,  all Notes
that have been paid with funds provided under the Credit Enhancement  Instrument
shall be deemed to be Outstanding  until the Credit Enhancer has been reimbursed
with respect thereto.

                  Outstanding  Reserve Amount: With respect to any Payment Date,
the  amount  by  which  the  Pool  Balance  as of the  last  day of the  related
Collection  Period exceeds the Aggregate  Security  Balance on such Payment Date
(after   application  of  Net  Principal   Collections  or  Security   Principal
Collections, as the case may be, for such date).

                  Owner  Trust : The Home  Equity  Loan Trust  1996-HS3,  Series
1996-HS3 to be created pursuant to the Trust Agreement.

                  Owner Trust  Estate:  The corpus of the Issuer  created by the
Trust Agreement which consists of the Class A Ownership  Interest and the Credit
Enhancement Instrument.

                  Owner Trustee:  Wilmington Trust Company not in its individual
capacity  but  solely as Owner  Trustee  of the Trust,  and its  successors  and
assigns or any successor  owner trustee  appointed  pursuant to the terms of the
Trust Agreement.

          Paying Agent:  Any paying agent or co-paying agent appointed  pursuant
     to Section 3.03 of the Indenture,  which  initially  shall be the Indenture
     Trustee.
                  Payment  Account:  The account  established  by the  Indenture
Trustee  pursuant  to Section  8.02 of the  Indenture  and  Section  5.01 of the
Servicing   Agreement.   Amounts  deposited  in  the  Payment  Account  will  be
distributed  by the  Indenture  Trustee in  accordance  with Section 3.05 of the
Indenture.

          Payment  Date:  The  20th day of each  month,  or if such day is not a
     Business Day, then the next Business Day.
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<PAGE>




                  Percentage Interest:  With respect to any Note, the percentage
obtained by dividing the Security  Balance of such Note by the  aggregate of the
Security  Balances  of all Notes  (including  the Term  Notes  and the  Variable
Funding Notes) of the same Class prior to such Payment Date. With respect to any
Certificate,  the  percentage  obtained by dividing the Security  Balance on any
such  Certificate by the aggregate of the Security  Balances of all Certificates
(including the Initial Certificates and the Variable Funding Certificates) prior
to any Payment Date.

                  Permitted Investments:  One or more of the following:

                         (i)  obligations  of or  guaranteed as to principal and
         interest by the United States or any agency or instrumentality  thereof
         when such  obligations  are  backed by the full faith and credit of the
         United States;

                        (ii) repurchase  agreements on obligations  specified in
         clause  (i)  maturing  not  more  than  one  month  from  the  date  of
         acquisition  thereof,  provided that the unsecured  obligations  of the
         party agreeing to repurchase such  obligations are at the time rated by
         each Rating Agency in its highest short-term rating available;

                       (iii)  federal  funds,  certificates  of deposit,  demand
         deposits, time deposits and bankers' acceptances (which shall each have
         an  original  maturity  of not more  than 90 days  and,  in the case of
         bankers'  acceptances,  shall in no event have an original  maturity of
         more  than  365  days or a  remaining  maturity  of more  than 30 days)
         denominated in United States dollars of any U.S. depository institution
         or trust  company  incorporated  under the laws of the United States or
         any state  thereof or of any  domestic  branch of a foreign  depository
         institution  or trust  company;  provided that the debt  obligations of
         such  depository  institution  or trust company (or, if the only Rating
         Agency is Standard & Poor's,  in the case of the  principal  depository
         institution  in  a  depository   institution   holding  company,   debt
         obligations of the depository  institution holding company) at the date
         of  acquisition  thereof  have been rated by each Rating  Agency in its
         highest short-term rating available;  and provided further that, if the
         only Rating Agency is Standard & Poor's and if the  depository or trust
         company is a principal  subsidiary  of a bank  holding  company and the
         debt  obligations  of such  subsidiary are not  separately  rated,  the
         applicable  rating  shall be that of the  bank  holding  company;  and,
         provided  further  that,  if the original  maturity of such  short-term
         obligations of a domestic branch of a foreign depository institution or
         trust  company  shall  exceed 30 days,  the  short-term  rating of such
         institution  shall be A-1+ in the case of Standard & Poor's if Standard
         & Poor's is the Rating Agency;

                        (iv) commercial paper (having original maturities of not
         more than 365 days) of any corporation  incorporated  under the laws of
         the United States or any state thereof which on the date of acquisition
         has been rated by each Rating Agency in its highest  short-term  rating
         available;  provided that such commercial  paper shall have a remaining
         maturity of not more than 30 days;


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<PAGE>



          (v) a money market fund or a qualified  investment  fund rated by each
     Rating Agency in its highest long-term rating available; and

                        (vi) other obligations or securities that are acceptable
         to each Rating Agency as an Permitted Investment hereunder and will not
         reduce the rating  assigned to any  Securities  by such  Rating  Agency
         below the lower of the  then-current  rating or the rating  assigned to
         such Securities as of the Closing Date by such Rating Agency, and which
         are  acceptable  to the  Credit  Enhancer,  as  evidenced  in  writing,
         provided that if the Master Servicer or any other Person  controlled by
         the Master  Servicer is the issuer or the obligor of any  obligation or
         security described in this clause (vi) such obligation or security must
         have an interest rate or yield that is fixed or is variable based on an
         objective index that is not affected by the rate or amount of losses on
         the Revolving Credit Loans;

provided,  however,  that no  instrument  shall be a Permitted  Investment if it
represents,  either (1) the right to receive only interest payments with respect
to the underlying debt instrument or (2) the right to receive both principal and
interest  payments derived from  obligations  underlying such instrument and the
principal and interest payments with respect to such instrument  provide a yield
to maturity greater than 120% of the yield to maturity at par of such underlying
obligations  References  herein to the highest  rating  available  on  unsecured
long-term  debt shall  mean AAA in the case of  Standard & Poor's and Aaa in the
case of Moody's,  and  references  herein to the  highest  rating  available  on
unsecured commercial paper and short-term debt obligations shall mean A-1 in the
case of Standard & Poor's and P-1 in the case of Moody's.

                  Person:  Any  individual,   corporation,   partnership,  joint
venture, association, joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof.

          Pool  Balance:  With  respect to any date,  the  aggregate of the Loan
     Balances of all Revolving Credit Loans as of such date.

                  Predecessor  Note: With respect to any particular  Note, every
previous Note  evidencing all or a portion of the same debt as that evidenced by
such  particular  Note;  and,  for the  purpose  of this  definition,  any  Note
authenticated  and  delivered  under  Section 4.03 of the Indenture in lieu of a
mutilated,  lost,  destroyed or stolen Note shall be deemed to evidence the same
debt as the mutilated, lost, destroyed or stolen Note.

                  Principal  Collection  Distribution  Amount:  For any  Payment
Date, (i) at any time during the Revolving  Period,  so long as an  Amortization
Event  has not  occurred,  Net  Principal  Collections  and  (ii)  following  an
Amortization  Event  or at any  time  after  the  end of the  Revolving  Period,
Security  Principal  Collections;  provided,  however,  on any Payment Date with
respect to which the Outstanding Reserve Amount that would result, if determined
without  regard to this proviso  exceeds the Reserve Amount Target the Principal
Collection  Distribution  Amount  will be reduced  by the amount of such  excess
until the Outstanding Reserve Amount equals the Reserve Amount Target.


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<PAGE>



          Principal  Collections:  With  respect  to any  Payment  Date  and any
     Revolving Credit Loan, the aggregate of the following amounts:

                         (i) the total  amount of payments  made by or on behalf
         of the Mortgagor,  received and applied as payments of principal on the
         Revolving Credit Loan during the related Collection Period, as reported
         by the related Subservicer;

                        (ii)  any  Net  Liquidation  Proceeds,  allocable  as  a
         recovery of principal, received in connection with the Revolving Credit
         Loan during the related Collection Period;

                       (iii) if the  Revolving  Credit Loan was purchased by the
         Master Servicer pursuant to Section 3.14 of the Servicing Agreement, or
         was  repurchased  by the Seller  pursuant to the Revolving  Credit Loan
         Purchase  Agreement,  during the related Collection Period, 100% of the
         Loan  Balance  of the  Revolving  Credit  Loan  as of the  date of such
         purchase or repurchase; and

                        (iv)  any  other  amounts  received  as  payments  on or
         proceeds of the Revolving  Credit Loan during the Collection  Period to
         the extent applied in reduction of the principal amount thereof;

provided that Principal  Collections shall not include any Foreclosure  Profits,
and  shall be  reduced  by any  amounts  withdrawn  from the  Custodial  Account
pursuant to clauses  (iii),  (vii) and (viii) of Section  3.03 of the  Servicing
Agreement  other than any portion of such amounts that are  attributable  to the
Excluded  Amount in respect of any  Revolving  Credit Loan that are allocable to
principal of such  Revolving  Credit Loan and not  otherwise  excluded  from the
amounts specified in (i) - (iv) above.

          Proceeding:  Any suit in equity,  action at law or other  judicial  or
     administrative proceeding.

          Program  Guide:  Together,  the Seller's  Seller  Guide and  Servicing
     Guide, as in effect from time to time.

          Program Seller:  With respect to any Revolving Credit Loan, the Person
     that sold such Revolving Credit Loan to the Seller.

          Purchase  Price:  The  meaning  specified  in  Section  2.2(a)  of the
     Revolving Credit Loan Purchase Agreement.

          Purchaser:   Residential  Funding  Mortgage  Securities  II,  Inc.,  a
     Delaware corporation, and its successors and assigns.

          Rating  Agency:   Any   nationally   recognized   statistical   rating
     organization, or its successor, that rated the Securities at the request of
     the  Depositor  at the  time of the  initial  issuance  of the  Securities.
     Initially, Moody's or Standard & Poor's. If such organization or a
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                                                        25

<PAGE>



successor is no longer in existence,  "Rating  Agency" shall be such  nationally
recognized   statistical  rating  organization,   or  other  comparable  Person,
designated by the Depositor,  notice of which  designation shall be given to the
Indenture Trustee.  References herein to the highest short term unsecured rating
category of a Rating  Agency  shall mean A-1 or better in the case of Standard &
Poor's  and P-1 or  better in the case of  Moody's  and in the case of any other
Rating  Agency  shall mean such  equivalent  ratings.  References  herein to the
highest  long-term  rating  category of a Rating  Agency shall mean "AAA" in the
case of  Standard & Poor's  and "Aaa" in the case of Moody's  and in the case of
any other Rating Agency, such equivalent rating.

                  Record  Date:  With  respect to the Term Notes and any Payment
Date,  the Business Day next preceding such Payment Date and with respect to the
Certificates  or the  Variable  Funding  Notes and any  Payment  Date,  the last
Business Day of the month preceding the month of such Payment Date.

                  Reference Bank Rate: With respect to any Interest  Period,  as
follows: the arithmetic mean (rounded upwards, if necessary,  to the nearest one
sixteenth of a percent) of the offered rates for United  States dollar  deposits
for one month which are offered by the Reference Banks as of 11:00 A.M., London,
England  time,  on the second LIBOR  Business Day prior to the first day of such
Interest  Period to prime banks in the London  interbank  market for a period of
one month in amounts  approximately equal to the sum of the outstanding Security
Balance  of the  Notes  and the  Certificates;  provided  that at least two such
Reference  Banks provide such rate. If fewer than two offered rates appear,  the
Reference  Bank Rate will be the  arithmetic  mean of the rates quoted by one or
more major  banks in New York City,  selected  by the  Indenture  Trustee  after
consultation with the Master Servicer,  as of 11:00 a.m., New York time, on such
date for loans in U.S.  Dollars  to leading  European  Banks for a period of one
month in amounts  approximately  equal to the Aggregate Security Balance.  If no
such quotations can be obtained,  the Reference Bank Rate shall be the Reference
Bank Rate applicable to the preceding Interest Period.

          Reference  Banks:  Barclays Bank PLC,  National  Westminster  Bank and
     Bankers Trust Company.

          Registered  Holder:  The Person in whose name a Note is  registered in
     the Note Register on the applicable Record Date.

                  Related Documents: With respect to each Revolving Credit Loan,
the documents  specified in Section 2.1(c) of the Revolving Credit Loan Purchase
Agreement and any documents  required to be added to such documents  pursuant to
the  Revolving  Credit  Loan  Purchase  Agreement,  the Trust  Agreement  or the
Servicing Agreement.

          REO: A Mortgaged  Property  that is acquired  by the  1996-HS3  LLC in
     foreclosure or by deed in lieu of foreclosure.

          Repurchase  Event:  With respect to any Revolving Credit Loan,  either
     (i) a discovery that, as of the Closing Date, the related  Mortgage was not
     a valid lien on the related
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                                                        26

<PAGE>



Mortgaged  Property subject only to (A) the lien of any prior mortgage indicated
on the Revolving  Credit Loan Schedule,  (B) the lien of real property taxes and
assessments   not  yet  due  and  payable,   (C)  covenants,   conditions,   and
restrictions,  rights of way, easements and other matters of public record as of
the  date of  recording  of such  Mortgage  and  such  other  permissible  title
exceptions  as are listed in the  Program  Guide and (D) other  matters to which
like properties are commonly  subject which do not materially  adversely  affect
the value, use,  enjoyment or marketability of the related Mortgaged Property or
(ii) with respect to any Revolving  Credit Loan as to which the Seller  delivers
an affidavit certifying that the original Credit Line Agreement has been lost or
destroyed, a subsequent default on such Revolving Credit Loan if the enforcement
thereof or of the related  Mortgage is materially and adversely  affected by the
absence of such original Credit Line Agreement.

                  Repurchase  Price:  With respect to any Revolving  Credit Loan
required to be  repurchased  on any date pursuant to the  Revolving  Credit Loan
Purchase Agreement or purchased by the Master Servicer pursuant to the Servicing
Agreement,  an amount equal to the sum of (i) 100% of the Loan  Balance  thereof
(without reduction for any amounts charged off) and (ii) unpaid accrued interest
at the Loan Rate (or with  respect  to the last day of the month in the month of
repurchase,  the Loan  Rate will be the Loan Rate in effect as to second to last
day in such month) on the  outstanding  principal  balance  thereof from the Due
Date to which  interest  was last paid by the  Mortgagor to the first day of the
month following the month of purchase.  No portion of any Repurchase Price shall
be included in any Excluded Amount for any Payment Date.

                  Reserve  Amount  Target:  As to any Payment  Date prior to the
Payment  Date in April  1999,  the  Reserve  Amount  Target will be 2.00% of the
aggregate  of the Cut-off Date Loan  Balances.  The Reserve  Amount  Target will
increase,  however,  as of any  Payment  Date to 2.80% of the  aggregate  of the
Cut-off Date Loan Balances (any such  increase,  the  "Increased  Reserve Amount
Target") if (i) prior to the  Payment  Date in  September  1998,  the  aggregate
cumulative  Liquidation  Loss Amounts on the Revolving  Credit  Loans,  plus the
outstanding  principal  balance of all  Revolving  Credit  Loans 90 or more days
delinquent prior to such Payment Date,  equals or exceeds 1.25% of the aggregate
of the Cut-off Date Loan  Balances;  (ii) prior to the Payment Date in September
1999, the aggregate cumulative  Liquidation Loss Amounts on the Revolving Credit
Loans  equals  or  exceeds  2.45% of the  aggregate  of the  Cut-off  Date  Loan
Balances; or (iii) on or after the Payment Date in September 1999, the aggregate
cumulative  Liquidation  Loss  Amounts on the  Revolving  Credit Loans equals or
exceeds  4.20%.  As to any Payment  Date on or after the  Payment  Date in April
1999,  the Reserve  Amount Target (or Increased  Reserve  Amount Target) will be
equal to the lesser of (a) the Reserve  Amount Target as of the Cut-off Date (or
the Increased Reserve Amount Target) and (b) 4.00% of the Pool Balance as of the
beginning of the related  Collection Period (but not lower than $1,343,717 (0.5%
of the aggregate of the Cut-off Date Loan Balances) (or 5.6% of the Pool Balance
as of the  beginning  of the  related  Collection  Period  (but not  lower  than
$1,343,717  (0.5% of the  aggregate of the Cut-off Date Loan  Balances))  if the
Increased  Reserve  Amount  Target is  applicable)  plus 50% of the  outstanding
Principal Balance of all Revolving Credit Loans 90 or more days delinquent as of
such Payment Date); provided however that any scheduled reduction to the Reserve
Amount Target (or Increased  Reserve Amount Target) described above shall not be
made as of any Payment Date unless (i) the outstanding Principal

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                                                        27

<PAGE>



Balance of the Revolving  Credit Loans  delinquent 90 days or more averaged over
the last six  months as a  percentage  of the  aggregate  outstanding  Principal
Balance of all Revolving Credit Loans averaged over the last six months does not
exceed 2% and (ii) the  aggregate  cumulative  Liquidation  Loss  Amounts on the
Revolving Credit Loans prior to any such Payment Date occurring during the first
year,  the  second  year or the third  year (or any year  thereafter)  after the
Payment Date in April 1999 are less than 2.0%,  3.0% and 4.0%  respectively,  of
the aggregate  Cut-off Date Loan Balance and (iii) there has been no draw on the
Policy on such Payment Date that remains unreimbursed.  In addition, the Reserve
Amount Target or Increased  Reserve  Amount Target may be reduced with the prior
written consent of the Credit Enhancer and the Rating Agencies.

                  Responsible  Officer:  With respect to the Indenture  Trustee,
any  officer  of the  Indenture  Trustee  with  direct  responsibility  for  the
administration  of the Trust  Agreement  and also,  with respect to a particular
matter,  any other  officer  to whom such  matter is  referred  because  of such
officer's knowledge of and familiarity with the particular subject.

                  Revolving Credit Loan Purchase Agreement: The Revolving Credit
Loan Purchase  Agreement,  dated as of the Cut-off Date,  between the Seller, as
seller,  and the Depositor,  as purchaser,  with respect to the Revolving Credit
Loans, dated as of October 1, 1996.

                  Revolving  Credit  Loan  Schedule:  The  initial  schedule  of
Revolving  Credit  Loans as of the  Cut-off  Date set forth in  Exhibit A of the
Servicing Agreement,  which schedule sets forth as to each Revolving Credit Loan
(i) the Cut-off  Date Loan Balance  ("Principal  Bal"),  (ii) the Credit  Limit,
(iii) the  Gross  Margin  ("Margin"),  (iv) the name of the  Mortgagor,  (v) the
Maximum  Rate  ("Ceiling"),  if any,  (vi) the loan  number,  and (vii) the lien
position of the related Mortgage.

                  Revolving  Credit Loans:  At any time,  all  Revolving  Credit
Loans,  including  Additional  Balances,  if any,  that  have  been  sold to the
Depositor under the Revolving Credit Loan Purchase Agreement,  together with the
Related Documents, and that remain subject to the terms thereof.

          Revolving Period: The period commencing on the Closing Date and ending
     on October 31, 2001.

          Securities Act: The Securities Act of 1933, as amended,  and the rules
     and regulations promulgated thereunder.

                  Security:  Any of the Certificates or Notes.

                  Security  Balance:  With  respect to any Payment  Date and the
Term Notes,  the Initial  Security  Balance  thereof  prior to such Payment Date
reduced by all payments of principal  thereon prior to such Payment  Date.  With
respect to any Payment Date and the Variable Funding Notes, the Initial Security
Balance  thereof  prior to such  Payment  Date (i)  increased  by the  Aggregate
Additional Balance Differential for such Variable Funding Note immediately prior

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                                                        28

<PAGE>



to such Payment Date and (ii) reduced by all  distributions of principal thereon
prior  to  such  Payment  Date.  With  respect  to  any  Payment  Date  and  the
Certificates,  the Initial  Security  Balance thereof prior to such Payment Date
(i)  increased,  in  the  case  of the  Variable  Funding  Certificates,  by the
Aggregate Additional Balance Differential immediately prior to such Payment Date
and (ii) reduced by all Certificate  Distribution  Amounts thereon prior to such
Payment Date.

Security Collections:  With respect to any Payment Date, the sum of the 
following
                  --------------------
amounts:

                         (i)        the aggregate of all Security Interest
 Collections received during the related Collection Period;

                        (ii) (A) at any time  during the  Revolving  Period,  so
         long  as  an  Amortization  Event  has  not  occurred,   Net  Principal
         Collections for such Payment Date or (B) if such an Amortization  Event
         has occurred or at any time after the end of the Revolving Period,  the
         aggregate of all Security  Principal  Collections  with respect to such
         Payment Date; and

         (iii)        all Substitution Adjustment Amounts to be deposited to the
 Payment Account for such Payment Date.

               Securityholder or Holder:  Any Noteholder or a Certificateholder.

                  Security  Interest  Collections:  With  respect to any Payment
Date,  Interest  Collections  during the related Collection Period excluding the
portion thereof allocable to any Excluded Amount.

                  Security  Percentage:  With  respect to any  Payment  Date and
Security,  the percentage equivalent of a fraction the numerator of which is the
Security Balance of such Security immediately prior to such Payment Date and the
denominator of which is the aggregate of the Security Balances of all Securities
as of such date.

                  Security  Principal  Collections:  With respect to any Payment
Date,  Principal  Collections during the related Collection Period excluding the
portion thereof allocable to any Excluded Amount.

          Seller: Residential Funding Corporation,  a Delaware corporation,  and
     its successors and assigns.

          Seller's  Agreement:  The agreement  between the Seller, as purchaser,
     and the related Program Seller, as seller.

          Servicing  Agreement:  The Servicing  Agreement dated as of October 1,
     1996 between the  Indenture  Trustee,  and the Master  Servicer,  as master
     servicer.

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                                                        29

<PAGE>


          Servicing  Certificate:  A  certificate  completed  and  executed by a
     Servicing  Officer  on behalf of the Master  Servicer  in  accordance  with
     Section 4.01 of the Servicing Agreement.

          Servicing  Default:  The  meaning  specified  in  Section  7.01 of the
     Servicing Agreement.

               Servicing Fee: With respect to any Revolving Credit Loan, the sum
          of the related Master Servicing Fee and the related  Subservicing Fee.
          Servicing Fee Rate: With respect to any Revolving Credit Loan, the sum
          of the related Master Servicing Fee Rate and the related Subservicing
           Fee Rate.

                  Servicing Officer: Any officer of the Master Servicer involved
in, or responsible for, the administration and servicing of the Revolving Credit
Loans whose name and specimen  signature appear on a list of servicing  officers
furnished to the Indenture  Trustee (with a copy to the Credit  Enhancer) by the
Master Servicer, as such list may be amended from time to time.

               Single Certificate:  A Certificate in the denomination of $1,000.

                  Single Note:  A Note in the amount of $1,000.

                  Special  Capital  Distribution  Amount:  With  respect  to any
Payment Date,  the aggregate  amount  distributed on such Payment Date to reduce
the Class A Principal  Balance to the extent necessary to bring, on such Payment
Date, the Outstanding Reserve Amount up to the Reserve Amount Target.

                  Special  Hazard  Amount:  As  of  any  date  of  determination
following the Cut-off  Date,  the Special  Hazard Amount shall equal  $3,166,224
less  the  sum of (A) the  aggregate  of any  Liquidation  Loss  Amounts  on the
Revolving  Credit  Loans due to Special  Hazard  Losses  and (B) the  Adjustment
Amount (as defined below) as most recently  calculated.  For each anniversary of
the Cut-off Date, the Adjustment Amount shall be equal to the amount, if any, by
which the amount  calculated in accordance with the preceding  sentence (without
giving effect to the deduction of the  Adjustment  Amount for such  anniversary)
exceeds  the  greatest  of (i) twice the  outstanding  principal  balance of the
Revolving Credit Loan which has the largest outstanding principal balance on the
Payment Date immediately  preceding such anniversary,  (ii) the product of 1.00%
multiplied by the outstanding  aggregate  credit limits of all Revolving  Credit
Loans on the Payment Date  immediately  preceding such anniversary and (iii) the
aggregate outstanding principal balance (as of the immediately preceding Payment
Date) of the Revolving Credit Loans in any single five-digit California zip code
area with the largest  amount of Revolving  Credit Loans by aggregate  principal
balance as of such anniversary.

                  Special Hazard Loss: Any Liquidation Loss Amount not in excess
of the cost of the  lesser of  repair or  replacement  of a  Mortgaged  Property
suffered  by such  Mortgaged  Property  on  account  of  direct  physical  loss,
exclusive  of (i) any  loss of a type  covered  by a  hazard  policy  or a flood
insurance policy required to be maintained in respect of such Mortgaged Property
pursuant to Section 3.04 of the Servicing Agreement, except to the extent of the
portion

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                                                        30

<PAGE>



of such loss not covered as a result of any  coinsurance  provision and (ii) any
losses resulting from an Extraordinary Event.

               Standard & Poor's:  Standard  & Poor's  Ratings  Services  or its
          successor in interest.

               Subservicer: Any Person with whom the Master Servicer has entered
          into a Subservicing Agreement as a Subservicer by the Master Servicer.

               Subservicing   Account:   An  Eligible  Account   established  or
          maintained  by a Sub-  servicer as provided for in Section  3.02(c) of
          the Servicing Agreement.

                  Subservicing  Agreement:  The  written  contract  between  the
Master Servicer and any Subservicer  relating to servicing and administration of
certain  Revolving  Credit  Loans as provided in Section  3.01 of the  Servicing
Agreement.

                  Subservicing Fee: With respect to any Collection  Period,  the
fee retained  monthly by the  Subservicer  (or, in the case of a  nonsubserviced
Revolving  Credit Loan, by the Master  Servicer) equal to the product of (i) the
Subservicing  Fee Rate  divided by 12 and (ii) the Pool  Balance as of the first
day of such Collection Period.

               Subservicing  Fee Rate:  With  respect to each  Revolving  Credit
          Loan, 0.50% per ---------------------
annum.

               Substitution  Adjustment  Amounts:  With  respect to any Eligible
          Substitute  Revolving  Credit  Loan,  the amount as defined in Section
          3.1(b) of the Revolving Credit Loan Purchase Agreement.

                  Teaser Loan:  Any Revolving  Credit Loan which provides for an
initial  period  during  which the Loan Rate is less than the sum of the current
Index plus the applicable Gross Margin.

                  Telerate Screen Page 3750: The display designated as page 3750
on the  Telerate  Service (or such other page as may  replace  page 3750 on that
service for the purpose of displaying  London  interbank  offered rates of major
banks).  If such rate does not  appear on such page (or such  other  page as may
replace that page on that service, or if such service is no longer offered, such
other service for displaying LIBOR or comparable rates as may be selected by the
Issuer after  consultation  with the  Indenture  Trustee),  the rate will be the
Reference Bank Rate.

               Term  Notes:  The Notes  designated  as the  "Term  Notes" in the
          Indenture.
                  Treasury  Regulations:   Regulations,  including  proposed  or
temporary Regulations, promulgated under the Code. References herein to specific
provisions  of  proposed  or  temporary   regulations  shall  include  analogous
provisions  of  final   Treasury   Regulations  or  other   successor   Treasury
Regulations.


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                                                        31

<PAGE>


               Trust Agreement: The Amended and Restated Trust Agreement,  dated
          as of October 1, 1996, between the Owner Trustee and the Depositor.

               Trust Estate: The meaning specified in the Granting Clause of the
          Indenture.

               Trust  Indenture Act or TIA: The Trust  Indenture Act of 1939, as
          amended from time to time, as in effect on any relevant date.

               UCC: The Uniform  Commercial  Code, as amended from time to time,
          as in effect in any specified jurisdiction.

                  Uniform Single Attestation  Program for Mortgage Bankers:  The
Uniform Single  Attestation  Program for Mortgage  Bankers,  as published by the
Mortgage  Bankers  Association  of America and effective  with respect to fiscal
periods ending on or after December 15, 1995.

                  Unpaid Certificate Preferred Return Shortfall: With respect to
any Payment Date, the aggregate amount, if any, of Certificate  Preferred Return
that was accrued in respect of a prior Payment Date and has not been distributed
to Certificateholders.

               Variable Funding Certificates: The Certificates designated as the
          "Variable Funding  Certificates" in the Trust Agreement  including any
          Capped Funding Certificates.

               Variable  Funding  Notes:  The Notes  designated as the "Variable
          Funding Notes" in the Indenture including any Capped Funding Notes.

                  Weighted  Average Net Loan Rate: With respect to the Revolving
Credit Loans in the aggregate, and any Payment Date, the average of the Net Loan
Rate for each  Revolving  Credit Loan as of the last day of the related  Billing
Cycle  weighted on the basis of the related Loan Balances  outstanding as of for
each  Revolving  Credit Loan as determined by the Master  Servicer in accordance
with the Master Servicer's normal servicing procedures.



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                                                        32

<PAGE>





                               OPERATING AGREEMENT

                                       OF

                                  1996-HS3 LLC





<PAGE>



                               Operating Agreement

                                       of

                                  1996-HS3 LLC

                                TABLE OF CONTENTS



                                    ARTICLE I
                                   DEFINITIONS
1.1      Act.........................................................-1-
1.2      Article.....................................................-1-
1.3      Certificate of Formation....................................-1-
1.4      Assets......................................................-1-
1.5      Assignee....................................................-1-
1.6      Bankrupt Member.............................................-1-
1.7      [Reserved]..................................................-1-
1.8      Capital Account.............................................-1-
1.9      Capital Contribution........................................-1-
1.10     Class A Member..............................................-2-
1.11     Class A Ownership Interest..................................-2-
1.12     Class A Preferred Return....................................-2-
1.13     [Reserved]..................................................-2-
1.14     Class B Members.............................................-2-
1.15     Class B Ownership Interest..................................-2-
1.16     Commitment..................................................-2-
1.17     Company.....................................................-2-
1.18     Company Agreement...........................................-2-
1.19     Company Property............................................-2-
1.20     Disposition (Dispose).......................................-2-
1.21     Dissociation................................................-2-
1.22     Dissolution Event...........................................-3-
1.23     Distribution................................................-3-
1.24     Economic Interest...........................................-3-
1.25     Effective Date..............................................-3-
1.26     Exhibit A...................................................-3-
1.27     Fiscal Year.................................................-3-
1.28     [Reserved]..................................................-3-
1.29     Initial Capital Account.....................................-3-
1.30     Initial Capital Contribution................................-3-
1.31     Initial Transfer and Admission..............................-3-
1.32     Management Right............................................-3-
1.33     Manager.....................................................-3-
1.34     Managing Member.............................................-3-

                                                   (i)

<PAGE>



1.35     Member.......................................................-3-
1.36     Net Cash Flow................................................-3-
1.37     Organization.................................................-4-
1.38     Ownership Interest...........................................-4-
1.39     [Reserved]...................................................-4-
1.40     Principal Office.............................................-4-
1.41     Proceeding...................................................-4-
1.42     Property.....................................................-4-
1.43     Realized Loss................................................-4-
1.44     Section......................................................-4-
1.45     Sharing Ratio................................................-4-
1.46     Substitute Member............................................-4-
1.47     Tax Characterization and Additional Tax Terms................-4-

                                                    ARTICLE II
                                                     FORMATION
2.1      Formation.....................................................-6-
2.2      Agreement.....................................................-6-
2.3      Name..........................................................-6-
2.4      Term..........................................................-6-
2.5      Registered Agent and Office...................................-6-
2.6      Principal Office..............................................-7-


                                           ARTICLE III
                                   PURPOSE; NATURE OF BUSINESS
3.1      Limited Purpose...............................................-7-
3.2      Negative Covenants............................................-7-
3.3      No Petition...................................................-7-

                                           ARTICLE IV
                                     ACCOUNTING AND RECORDS
4.1      Records to be Maintained......................................-7-
4.2      Reports to Members............................................-8-
4.3      Tax Returns and Reports.......................................-8-
4.4      Separate Books and Records....................................-8-


                                            ARTICLE V
                                 NAMES AND ADDRESSES OF MEMBERS


                                           ARTICLE VI
                                  RIGHTS AND DUTIES OF MEMBERS
6.1      Management Rights.............................................-9-
6.2      Liability of Members..........................................-9-

                                          (ii)

<PAGE>



6.3      Indemnification.................................................-9-
6.4      Representations and Warranties.................................-10-
6.5      Conflicts of Interest..........................................-10-



                                           ARTICLE VII
                                         MANAGING MEMBER
7.1      Managing Member................................................-10-
7.2      Term of Office as Managing Member..............................-11-
7.3      Authority of Managing Member to Bind the Company...............-11-
7.4      Actions of the Managing Members................................-12-
7.5      Compensation of Managing Member................................-12-
7.6      Managing Member's Standard of Care.............................-12-
7.7      Resignation; Removal Of Managing Member........................-12-
7.8      Applicability to Manager.......................................-12-

                                          ARTICLE VIII
                               CONTRIBUTIONS AND CAPITAL ACCOUNTS
8.1      Initial Capital Contributions and Initial Capital Accounts.....-12-
8.2      Minimum Capital of Managing Member.............................-13-
8.4      No Obligation to Restore Deficit Balance.......................-14-
8.5      Withdrawal of Capital; Distributions; Successors...............-14-
8.6      Interest.......................................................-14-
8.7      No Personal Liability..........................................-14-

                                           ARTICLE IX
                                  ALLOCATIONS AND DISTRIBUTIONS

9.1      Allocation of Profits and Losses...............................-14-
9.2      Special Allocation of Losses...................................-15-
9.3      Special Tax Allocations........................................-15-
9.4      Other Allocation Rules.........................................-16-
9.5      Distributions..................................................-16-
9.6      Outstanding Reserve Amount.....................................-17-
9.7      Minimum Interest of Managing Member............................-18-
9.8  No Distribution in Violation of Law................................-18-

                                            ARTICLE X
                                              TAXES
10.1     Tax Matters Partner............................................-18-
10.2     Mandatory Section 754 Election.................................-18-

                                           ARTICLE XI
                                 TRANSFER OF OWNERSHIP INTEREST
11.1     Compliance with Securities Laws................................-18-

                                         (iii)

<PAGE>



11.2     Transfer of Economic Interest......................................-19-
11.3     Status of Transferee of Economic Interest..........................-20-
11.4     Transfer of Management Rights; Admission of Substitute Member......-20-
11.5     Dissolution or Bankruptcy of a Member..............................-20-
11.6     Dispositions not in Compliance with this Article Void..............-21-
11.7     Approval of Initial Transfer and Admission.........................-21-
11.8     Approval of Pledge of Class A Ownership Interest by Trust..........-21-

                                           ARTICLE XII
                                     APPOINTMENT OF MANAGER
12.1     Appointment of Manager.............................................-21-
12.2     Specific Performance...............................................-21-

                                          ARTICLE XIII
                                    DISSOCIATION OF A MEMBER
13.1     Dissociation.......................................................-21-

                                           ARTICLE XIV
                                   DISSOLUTION AND WINDING UP
14.1     Dissolution........................................................-22-
14.2     Effect of Dissolution..............................................-22-
14.3     Distribution of Assets on Dissolution Resulting from an Event of
         Liquidation........................................................-22-
14.4     Distribution of Assets on Dissolution for Other Cause..............-23-
14.5     Winding Up and Certificate of Cancellation.........................-24-

                                           ARTICLE XV
                                          MISCELLANEOUS
15.1     Notices...........................................................-24-
15.2     Meetings..........................................................-24-
15.3     Headings..........................................................-24-
15.4     Entire Agreement..................................................-24-
15.5     Binding Agreement.................................................-24-
15.6     Saving Clause.....................................................-24-
15.7     Counterparts......................................................-25-
15.8     Governing Law.....................................................-25-
15.9     No Partnership Intended for Nontax Purposes.......................-25-
15.10              No Rights of Creditors and Third Parties under Company
         Agreement.........................................................-25-
15.12             General Interpretive Principles..........................-25-



                                          (iv)

<PAGE>



                               Operating Agreement

                                       of

                                  1996-HS3 LLC

         This Operating  Agreement of 1996-HS3 LLC, a limited  liability company
formed pursuant to the Delaware Limited  Liability  Company Act, is entered into
and shall be effective as of the  Effective  Date,  by and among the Company and
the Persons executing this Company Agreement as Members.


                                                     ARTICLE I
                                                    DEFINITIONS

         For purposes of this Company Agreement,  except as otherwise  expressly
provided herein or unless the context clearly  otherwise  requires,  capitalized
terms not  otherwise  defined  herein shall have the  meanings  assigned to such
terms in the Indenture (as hereinafter  defined),  including Appendix A thereto.
The following terms shall have the following meanings:

               1.1 Act.  The  Delaware  Limited  Liability  Company Act 6 Del.C.
          ss.18-101,  et. seq.,  and all amendments to the Act and any successor
          statute thereto.

         1.2      Article.  An Article of this Company Agreement.

               1.3 Certificate of Formation. The Certificate of Formation of the
          Company, as amended from time to time, and filed with the Secretary of
          State of Delaware.
         1.4 Assets.  The  Revolving  Credit  Loans,  including  any  Additional
Balances,  contributed  to or  purchased  by the  Company  and any REO,  and the
proceeds therefrom, and all of the Depositor's rights under the Revolving Credit
Loan Purchase Agreement.

               1.5 Assignee.  A transferee  of an Economic  Interest who has not
          been admitted as a Substitute Member.  Unless otherwise clear from the
          context of its use, the term  "transferee" is synonymous with the term
          "Assignee."

         1.6  Bankrupt  Member.  A Member who:  (1) has become the subject of an
Order for  Relief  under the  United  States  Bankruptcy  Code by  voluntary  or
involuntary petition, or (2) has initiated,  either in an original Proceeding or
by way of answer in any state insolvency or receivership  Proceeding,  an action
for liquidation arrangement, composition, readjustment,  dissolution, or similar
relief.

         1.7      [Reserved].

               1.8  Capital  Account.  The  account  maintained  for a Member or
          Assignee determined in accordance with Article VIII.
               1.9  Capital  Contribution.   Any  contribution  of  Property  or
          services made by or on

<PAGE>



behalf of a Member or Assignee.

         1.10 Class A Member. The owner of the Class A Ownership Interest in its
capacity as a member of the Company.  The initial Class A Member is  Residential
Funding Mortgage Securities II, Inc., a Delaware Corporation which,  immediately
after the execution of this Company Agreement, shall transfer its entire Class A
Ownership Interest to Home Equity Loan Trust 1996-HS3, a Delaware business trust
established  pursuant  the Trust  Agreement  dated as of October 1, 1996 between
Residential Funding Mortgage  Securities II, Inc., as Depositor,  and Wilmington
Trust Company, as Owner Trustee (the "Trust").

               1.11 Class A Ownership  Interest.  The Class A Member's  Economic
          Interest and Management Right.
         1.12 Class A Preferred Return.  For purposes of any distribution  under
Section  9.5(a)(i),  a rate  equal to LIBOR  plus  0.50% per annum  (or,  on any
Payment Date when the aggregate  Principal Balance of the Revolving Credit Loans
as of the last day during the related  Collection Period is less than 10% of the
aggregate Cut-off Date Balance,  LIBOR plus 0.81% per annum),  but not more than
the Net Loan Rate Cap plus 0.19%.

         1.13     [Reserved].

               1.14  Class B  Members.  The  owners  of the  Class  B  Ownership
          Interest, Residential Funding Corporation, a Delaware corporation, and
          Mortgage Assets Trading,  Inc., a Delaware corporation,  each in their
          capacities as Members of the Company.
               1.15 Class B  Ownership  Interest.  A Class B  Member's  Economic
          Interest and Management Right.

               1.16  Commitment.  The  Capital  Contributions  that a Member  is
          obligated to make, including a Member's Initial Capital Contribution.

               1.17 Company.  1996-HS3 LLC, a limited  liability  company formed
          under  the  laws of  Delaware,  and any  successor  limited  liability
          company.

         1.18  Company  Agreement.   This  Operating   Agreement,   which  shall
constitute the limited  liability  company agreement of the Company for purposes
of the Act,  including all  amendments  adopted in accordance  with this Company
Agreement and the Act.

         1.19     Company Property.  Any Property owned by the Company.

               1.20  Disposition  (Dispose).  Any  sale,  assignment,  exchange,
          mortgage, pledge, grant, hypothecation, or other transfer, absolute or
          as security or  encumbrance  (including  dispositions  by operation of
          law).

               1.21  Dissociation.  Any action which causes a Person to cease to
          be Member as described in Article XIII hereof.
                                                        -2-

<PAGE>



               1.22  Dissolution  Event. An event,  the occurrence of which will
          result in the  dissolution  of the Company  under  Article  XIV.
  1.23
          Distribution.  A  transfer  of  Property  to a Member on account of an
          Ownership Interest as described in Article IX.

 1.24 Economic Interest.
          The right of a Member to receive  allocations  of Profits  and Losses,
          Distributions  and returns of capital,  as provided in Article IX, and
          distribution of assets upon a dissolution of the Company,  as provided
          in Article XIV.

1.25 Effective Date.  October 1, 1996. 

1.26 Exhibit A.
          Exhibit A to this Company Agreement,  setting forth the name, address,
          Initial  Capital  Contribution,  Initial  Capital  Account and Sharing
          Ratio of each  Member. 

 1.27 Fiscal  Year.  The  calendar  year.  

1.28
          [Reserved]. 

1.29 Initial Capital Account. The initial capital account
          of each  Member  as  described  in  Exhibit  A.

 1.30  Initial  Capital
          Contribution.  The  Capital  Contribution  agreed  to be  made  by the
          Members as described in Article VIII and Exhibit A.
       
 1.31  Initial  Transfer  and  Admission.  The  transfer by  Residential
Funding  Mortgage  Securities  II,  Inc.,  upon the  execution  of this  Company
Agreement,  of its entire  Class A  Ownership  Interest  to the  Trust,  and the
admission of the Trust as a Substitute Member, as provided in Section 11.7.

               1.32  Management  Right.  The right of a Member to participate in
          the management of the Company,  to vote on any matter, and to grant or
          withhold consent or approval of actions of the Company.

  1.33 Manager.
          The Indenture Trustee, or its nominee, in the event such party becomes
          the Manager as provided in Article XII.

 1.34 Managing Member. A Member
          selected  to manage  the  affairs of the  Company  under  Article  VII
          hereof. 

 1.35 Member. A party (other than the Company)  executing this
          Company Agreement, and a Substitute Member.
        

 1.36 Net Cash Flow.  Net Cash Flow  shall mean with any  respect to any
Payment  Date,  all  revenues of the Company  during the period for that Payment
Date, including the amount deposited in the Distribution Account on the Business
Day prior to such  Payment  Date  pursuant to Section  3.03(i) of the  Servicing
Agreement, decreased by (a) cash expenditures for

                                                        -3-

<PAGE>



operating expenses for the period ending on such Payment Date, (b) Distributions
to the  Class A  Member  pursuant  to  paragraph  (a)(i),(ii),(iii)  and (iv) of
Section 9.5 for such Payment Date, and (c)  Distributions to the Class B Members
pursuant to paragraph (b) of Section 9.5 for such Payment Date.

         1.37 Organization.  A Person other than a natural person.  Organization
includes,   without   limitation,   corporations   (both  non-profit  and  other
corporations),  partnerships (both limited and general), joint ventures, limited
liability  companies,  and  unincorporated  associations,  but the term does not
include joint tenancies and tenancies by the entirety.

               1.38  Ownership  Interest.  The Class A  Ownership  Interest or a
          Class B Ownership Interest.
         1.39     [Reserved].

               1.40 Principal  Office.  The Principal  Office of the Company set
          forth in Section 2.6.
        
 1.41  Proceeding.  Any  
administrative,  judicial,  or other  adversary
proceeding,    including,   without   limitation,    litigation,    arbitration,
administrative  adjudication,  mediation,  and  appeal  or  review of any of the
foregoing.

         1.42 Property. Any property, real or personal,  tangible or intangible,
including  money,  and any legal or  equitable  interest in such  property,  but
excluding services and promises to perform services in the future.

         1.43     Realized Loss. A loss incurred on a defaulted Revolving 
Credit Loan that has
been finally liquidated.

         1.44     Section. A section of this Company Agreement.

         1.45     Sharing Ratio. A Member's share of Profits and Losses as set
 forth in Exhibit
A.

         1.46     Substitute Member.  An Assignee who has been admitted to all
 of the rights of
membership pursuant to Section 11.4 or Section 11.6 of this Company Agreement.

         1.47 Tax Characterization and Additional Tax Terms. It is intended that
the Company be  characterized  and treated as a partnership for, and solely for,
federal,  state and local income and franchise tax  purposes.  Unless  otherwise
required by appropriate  tax  authorities,  the Company will file or cause to be
filed annual or other necessary returns, reports and other forms consistent with
the  characterization  of the Company as a  partnership  for such tax  purposes,
including,  to the extent  necessary or appropriate  to insure such  partnership
characterization,  an affirmative  election to be treated as a partnership under
any future procedure promulgated by the Internal Revenue Service as contemplated
by Notice 95-14 and Proposed  Regulation section  301.7701-3.  For the foregoing
purposes,  (i)  the  Company  shall  be  subject  to all of  the  provisions  of
Subchapter K of Chapter 1 of Subtitle A of the Code,  (ii) all  references  to a
"Partner,"  to "Partners"  and to the  "Partnership"  in this Company  Agreement
(including

                                                        -4-

<PAGE>



the  provisions of Articles  VIII and IX) and in the  provisions of the Code and
Regulations  cited  in this  Company  Agreement  shall be  deemed  to refer to a
Member, the Members and the Company,  respectively.  In addition,  the following
terms shall have the following meanings:

                  (a) Adjusted  Capital Account Deficit shall mean, with respect
         to any Member,  the deficit  balance,  if any, in such Member's Capital
         Account as of the end of the relevant Fiscal Year,  after giving effect
         to the following adjustments:

                           (i) Credit to such  Capital  Account the minimum gain
                  chargeback  that such  Member is  deemed  to be  obligated  to
                  restore  pursuant  to the  penultimate  sentences  of Sections
                  1.704-2(g)(1) and 1.704-2(i)(5) of the Regulations; and

               (ii)  Debit  to such  Capital  Account  the  items  described  in
          Sections   1.704-1(b)(2)(ii)(d)(4),    1.704-1(b)(2)(ii)(d)(5),    and
          1.704-1(b)(2)(ii)(d)(6) of the Regulations.

         The  foregoing  definition  of  Adjusted  Capital  Account  Deficit  is
         intended to comply with the provisions of Section  1.704-1(b)(2)(ii)(d)
         of the Regulations and shall be interpreted consistently therewith.

                  (b)      Code shall mean the Internal Revenue Code of 1986.

                  (c) Profits and Losses shall mean,  for each Fiscal  Year,  an
         amount equal to the  Company's  taxable  income or loss for such Fiscal
         Year,  determined  in accordance  with Section  703(a) of the Code (for
         this purpose, all items of income, gain, loss, or deduction required to
         be stated separately pursuant to Section 703(a)(1) of the Code shall be
         included in taxable  income or loss) and by treating  Distributions  to
         the  Class  A  Member  under  paragraph  (a)(i)  of  Section  9.5  as a
         deductible expense of the Company, with the following adjustments:

                           (i) Any  income of the  Company  that is exempt  from
                  federal  income tax and not  otherwise  taken into  account in
                  computing  Profits or Losses  pursuant to this  Subsection (i)
                  shall be added to such taxable income or loss;

                           (ii) Any  expenditures  of the Company  described  in
                  Section  705(a)(2)(B)  of  the  Code  or  treated  as  Section
                  705(a)(2)(B)  of the Code  expenditures  pursuant  to  Section
                  1.704-1(b)(2)(iv)(i)  of the  Regulations,  and not  otherwise
                  taken into account in computing  Profits or Losses pursuant to
                  this  Subsection  (i),  shall be subtracted  from such taxable
                  income or loss;

                           (iii)  Notwithstanding  any other  provisions of this
                  definition,  any items which are specially  allocated pursuant
                  to  Sections  9.3 or 9.4 shall not be taken  into  account  in
                  computing Profits or Losses.

         The  amounts  of the  items  of  Partnership  income,  gain,  loss,  or
         deduction  available to be specially allocated pursuant to Sections 9.3
         or 9.4 shall be  determined  by applying  rules  analogous to those set
         forth in clauses (i) through (iii) above.

                                                        -5-

<PAGE>




                  (d) Regulations  shall mean the federal income tax regulations
         promulgated by the United States Treasury  Department under the Code as
         such  Regulations  may be  amended  from time to time.  All  references
         herein to a specific section of the Regulations shall be deemed also to
         refer to any corresponding provision of succeeding Regulations.


                                                    ARTICLE II
                                                     FORMATION

         2.1      Formation.  The Members hereby form the Company as a Delaware
limited
liability company pursuant to the provisions of the Act.

         2.2 Agreement.  For and in consideration of the mutual covenants herein
contained  and for  other  good and  valuable  consideration,  the  receipt  and
sufficiency of which is hereby acknowledged,  the Members executing this Company
Agreement hereby agree to the terms and conditions of this Company Agreement, as
it may from time to time be amended.  It is the express intention of the Members
that  this  Company  Agreement  shall be the sole  source  of  agreement  of the
parties,  and,  except  to the  extent a  provision  of this  Company  Agreement
expressly  incorporates federal income tax rules by reference to sections of the
Code or  Regulations or is expressly  prohibited or  ineffective  under the Act,
this Company Agreement shall govern,  even when inconsistent  with, or different
than,  the  provisions  of the Act or any other law or rule.  To the  extent any
provision of this Company  Agreement is prohibited or ineffective under the Act,
this  Company  Agreement  shall be  considered  amended to the  smallest  degree
possible in order to make this Company Agreement effective under the Act. In the
event the Act is  subsequently  amended or interpreted in such a way to make any
provision  of this  Company  Agreement  that was formerly  invalid  valid,  such
provision  shall be  considered  to be valid  from  the  effective  date of such
interpretation or amendment.

         2.3 Name.  The name of the Company is 1996-HS3 LLC, and all business of
the Company  shall be conducted  under that name or under any other name but, in
any case, only to the extent permitted by applicable law.

         2.4 Term.  The Company  shall be dissolved  and its affairs wound up in
accordance with the Act and this Company  Agreement on December 31, 2050, unless
the term shall be extended by amendment to this Company  Agreement or unless the
Company shall be sooner  dissolved  and its affairs wound up in accordance  with
the Act or this Company Agreement.

         2.5 Registered  Agent and Office.  The registered agent for the service
of process and the registered office shall be that Person and location reflected
in the Certificate of Formation as filed in the office of the Secretary of State
of Delaware.  The Managing Member, may, from time to time, change the registered
agent or office  through  appropriate  filings  with the  Secretary  of State of
Delaware. In the event the registered agent ceases to act as such for any reason
or the  registered  office  shall  change,  the Managing  Member shall  promptly
designate a replacement  registered  agent or file a notice of change of address
as the case may be. If the Managing Member shall fail to designate a replacement
registered agent or change of address of the registered  office,  any Member may
designate a replacement registered agent or file a notice of change of address.

                                                        -6-

<PAGE>




         2.6      Principal Office.  The Principal Office of the Company shall
 be located at 8400
Normandale Lake Boulevard, Suite 700, Minneapolis, Minnesota 55437.


                                                    ARTICLE III
                                            PURPOSE; NATURE OF BUSINESS

         3.1 Limited  Purpose.  The purpose of the Company is to own the Assets,
collect  the  proceeds  therefrom  and  distribute  such  proceeds in the manner
provided  in this  Company  Agreement,  and to  exercise  any and all  rights as
assignee of the Purchase  Agreement,  including the right to purchase Additional
Balances.  The Company  shall have the  authority to do all things  necessary or
convenient  to  accomplish  its purpose and operate its business as described in
this  Article III.  The Company  shall not engage in any activity  other than in
connection with or incidental to the foregoing, or other than as contemplated in
the Basic Documents, while any Note or Certificate is outstanding (or thereafter
until all amounts owing to the Credit Enhancer in connection therewith have been
paid in full) without the express prior written consent of the Indenture Trustee
and the Credit Enhancer.

               3.2 Negative  Covenants.  So long as any Note or  Certificate  is
          outstanding  (or  thereafter  until all  amounts  owing to the  Credit
          Enhancer in connection  therewith have been paid in full), the Company
          shall not:
               (a) incur any debt or any other  liability  to any person  (other
          than its obligations to the Members as provided herein);

               (b)   consolidate   or  merge  with  or  into,  or  transfer  any
          significant portion of its assets to, any Person; or

                  (c) sell,  transfer,  pledge,  hypothecate or otherwise convey
         any interest in any of the Assets to any Person,  or permit any lien or
         security  interest  against  any of the Assets to exist in favor of any
         Person, other than the Indenture Trustee or the Credit Enhancer;

in each case without the express prior written consent of the Indenture Trustee,
the Credit Enhancer and each Rating Agency.

         3.3 No Petition.  Each Member hereby  covenants and agrees that it will
not at any  time  institute  against  the  Company,  or join in any  institution
against the  Company  of, any  bankruptcy  proceedings  under any United  States
federal or state  bankruptcy or similar law in connection  with any  obligations
under any of the Basic Documents.


                                   ARTICLE IV
                             ACCOUNTING AND RECORDS

         4.1      Records to be Maintained.  The Company shall maintain the 
following records
at the Principal Office:

                                                        -7-

<PAGE>




                  (a)      a current list of the full name and last known 
business address of each
         Member;

                  (b) a copy of the  Certificate of Formation and all amendments
         thereto,  together  with  executed  copies of any  powers  of  attorney
         pursuant to which the  Certificate  of Formation or any such  amendment
         has been executed;

                  (c)      a copy of the Company's federal, state and local 
income tax returns and
         reports;

                  (d)      a copy of this Company Agreement including all
 amendments thereto; and

                  (e) the  Company's  books  and  records,  including  financial
         statements of the Company,  which shall be open to  inspections  by the
         Members or their agents at reasonable times.

         4.2 Reports to Members.  The  Managing  Member shall  provide  reports,
including a balance sheet,  statement of profit and loss and changes in Members'
accounts,  and a statement  of cash flows,  at least  annually to the Members at
such time and in such manner as the Managing Member may determine reasonable.

         4.3 Tax Returns and Reports.  The Managing Member,  at Company expense,
shall  prepare  and  timely  file  income  tax  returns  of the  Company  in all
jurisdictions where such filings are required,  and shall prepare and deliver to
each Member,  within ninety (90) days after the  expiration of each Fiscal Year,
and at Company expense, all information returns required by the Code and Company
information  necessary for the  preparation  of the Members'  federal income tax
returns.

         4.4 Separate  Books and Records.  The Company shall maintain all of its
books and  records  separate  and apart  from  those of any  Member or any other
Person.  The Company shall not permit any  commingling of any of its Assets with
the assets of any Member or any other  Person,  except as expressly set forth in
the Servicing Agreement with respect to funds held in the Custodial Account.


                                                     ARTICLE V
                                          NAMES AND ADDRESSES OF MEMBERS

               5.1 Residential  Funding  Mortgage  Securities II, Inc. is hereby
          admitted  to the  Company  as a Class A  Member.  Residential  Funding
          Corporation and Mortgage  Assets Trading,  Inc. are hereby admitted to
          the Company as Class B Members. The names and addresses of the Members
          are as stated on Exhibit A.

                                                        -8-

<PAGE>




                                                    ARTICLE VI
                                           RIGHTS AND DUTIES OF MEMBERS

         6.1  Management  Rights.   Except  as  provided  in  Article  XII,  the
management  of the  Company  shall be  vested  solely  in the  Managing  Member.
Notwithstanding  the foregoing,  the following actions shall require the consent
of all of the Members (and shall be further subject to any applicable additional
restrictions set forth herein):

                  (a)      any amendment to this Company Agreement;

                  (b)      the assignment of an Economic Interest, except as
 otherwise provided
         under Section 11.2 or Section 11.8;

                  (c)      the admission of any Assignees as a Substitute
 Members;

                  (d) the sale of Company  Property  other than in the  ordinary
         course of business  except in connection  with the  dissolution  of the
         Company upon an Event of Liquidation as provided in Section 14.3;

                  (e)      the merger or consolidation of the Company with any 
other Person;

                  (f)      the continuation of the Company after a Dissolution
 Event;

                  (g)      the borrowing of funds or the pledging, mortgaging 
or otherwise
         encumbering any Company Property; or

                  (h) the  commencement by the Company of a voluntary case under
         any applicable federal or state bankruptcy, insolvency or other similar
         law now or  hereafter  in effect,  or the consent by the Company to the
         entry of an order for relief in an involuntary case under any such law,
         or the consent by the Company to the  appointment or taking  possession
         by a receiver,  liquidator,  assignee, custodian, trustee, sequestrator
         or similar  official of the Company or for any substantial  part of the
         Assets.

Neither the Company,  nor the Managing  Member or the Manager (if applicable) on
behalf of the Company,  shall take any of the  foregoing  actions  without first
obtaining from each Member a duly executed  instrument  evidencing such required
consent.

         6.2 Liability of Members.  Except as otherwise provided by the Act, the
debts,  obligations and liabilities of the Company, whether arising in contract,
tort or otherwise, shall be solely the debts, obligations and liabilities of the
Company,  and no  Member  shall  be  obligated  personally  for any  such  debt,
obligation or liability of the Company solely by reason of being a Member.

         6.3  Indemnification.  The Company shall  indemnify the Members and its
agents for all costs,  losses,  liabilities,  and  damages  paid or  incurred in
connection  with the business of the Company,  to the fullest extent provided or
allowed by the laws of the State of Delaware.


                                                        -9-

<PAGE>



         6.4 Representations  and Warranties.  Each Member, and in the case of a
trust or other entity, the person(s)  executing this Company Agreement on behalf
of the  entity,  hereby  represents  and  warrants to the Company and each other
Member  that:  (a) if that Member is an entity,  it has power to enter into this
Company  Agreement  and to  perform  its  obligations  hereunder  and  that  the
person(s) executing this Company Agreement on behalf of the entity has the power
to do so; and (b) the Member is  acquiring  its  interest in the Company for the
Member's own account as an investment  and without an intent to  distribute  the
interest  with the  exception  of the  transfer  by the  Depositor  to the Owner
Trustee of the Class A Ownership  Interest.  The Members  acknowledge that their
interests in the Company have not been  registered  under the  Securities Act of
1933 or any state securities laws, and may not be resold or transferred  without
appropriate   registration  or  the  availability  of  an  exemption  from  such
requirements,  and that any sale,  resale or  transfer  of such an  interest  is
further restricted as provided in Article XI.

         6.5      Conflicts of Interest.

                  (a) A Member,  including a Managing Member,  shall be entitled
         to enter into  transactions  that may be considered  to be  competitive
         with, or a business opportunity that may be beneficial to, the Company,
         it being expressly  understood that Members may enter into transactions
         that are similar to the transactions  into which the Company may enter.
         Notwithstanding the foregoing, Members shall account to the Company and
         hold as trustee for it any Property,  profit, or benefit derived by the
         Member, without the consent of all of the other Members, in the conduct
         and winding up of the Company  business or from a use or  appropriation
         by the  Member of  Company  Property  including  information  developed
         exclusively for the Company and opportunities  expressly offered to the
         Company.

                  (b) A Member,  including a Managing Member, does not violate a
         duty or obligation to the Company merely  because the Member's  conduct
         furthers  the  Member's  own  interest.  A Member may lend money to and
         transact  other business with the Company on terms that are fair to the
         Company.  The rights and  obligations of a Member who lends money to or
         transacts  business  with the Company are the same as those of a person
         who is not a Member,  subject to other  applicable  law. No transaction
         with the Company shall be voidable solely because a Member has a direct
         or indirect  interest in the  transaction if the transaction is fair to
         the Company.

                  Notwithstanding the foregoing,  each Member hereby consents to
all actions and agreements of all other Members,  and all Affiliates thereof, as
contemplated under the Basic Documents.


                                   ARTICLE VII
                                 MANAGING MEMBER

               7.1 Managing Member. Except as otherwise provided in this Company
          Agreement,  the management of the Company and all decisions concerning
          the  business  affairs of the  Company  shall be made by the  Managing
          Member. The Managing Member shall be the Class
                                                       -10-

<PAGE>



A Member.

         7.2 Term of Office as Managing Member.  The Managing Member shall serve
as such until the  Dissociation  of such  Managing  Member,  any removal of such
Managing  Member  pursuant to Section 7.7, or the  appointment of the Manager as
provided in Article XII.

         7.3  Authority  of  Managing  Member  to Bind the  Company.  Except  as
provided in Article XII, only the Managing  Member and authorized  agents of the
Company  shall have the  authority to bind the  Company.  No Member other than a
Managing Member shall take any action as a Member to bind the Company.  A Member
shall indemnify the Company for any costs or damages  incurred by the Company as
a result of any unauthorized action of such Member.  Subject to Section 6.1, the
Managing  Member  has the  power,  on behalf of the  Company,  to do all  things
necessary or convenient to carry out the business and affairs of the Company (as
described in Article III), including, without limitation:

                  (a)      the entering into and carrying out the terms of the 
Servicing Agreement
         and the Custodial Agreement;

                  (b) the exercise of any and all rights,  remedies,  powers and
         privileges  lawfully  available to the Company  under or in  connection
         with the  Revolving  Credit  Loan  Purchase  Agreement,  the  Custodial
         Agreement  and the  Servicing  Agreement,  and the taking of all lawful
         action to  compel  or secure  the  performance  and  observance  by the
         Seller, the Custodian and the Master Servicer,  as applicable,  of each
         of their  obligations  to the Company under or in  connection  with the
         Revolving Credit Loan Purchase  Agreement,  the Custodial Agreement and
         the Servicing Agreement.

                (c)      the receipt or other acquisition, ownership, holding, 
improvement, use and
         other dealing with the Assets;

                  (d)      the sale, conveyance, exchange and other disposition 
of the Assets;

                  (e)      the conduct of the Company's business, the 
establishment of Company
         offices, and the exercise of the powers of the Company;

                  (f) the  appointment  of employees  and agents of the Company,
         the   defining  of  their  duties  and  the   establishment   of  their
         compensation,  and  the  dealing  with  tradespeople,  accountants  and
         attorneys, on such terms as the Managing Member shall determine;

                  (g)       the institution, prosecution and defense of any
 Proceeding in the
         Company's name; and

                  (h) the  making  of such  elections  under  the Code and other
         relevant tax laws as to the treatment of items of Company income, gain,
         loss, deduction and credit, and as to all other relevant matters as the
         Managing  Member deems  necessary  or  appropriate,  including  without
         limitation,  elections  referred  to in  Section  754 of the Code,  the
         determination  of which items of cash outlay  shall be  capitalized  or
         treated as current

                                                       -11-

<PAGE>



         expenses, and the selection of the method of accounting and bookkeeping
 procedures to
         be used by the Company.

         7.4 Actions of the Managing Members.  The Managing Member has the power
to bind the Company as provided in this Article VII. No Person  dealing with the
Company shall have any  obligation to inquire into the power or authority of the
Managing Member acting on behalf of the Company.

         7.5  Compensation  of Managing  Member.  The  Managing  Member shall be
reimbursed  all reasonable  expenses  incurred in managing the Company but shall
not be entitled to any  compensation  for its services as Managing  Member.  The
Managing  Member shall not be required to devote full time to the  management of
the Company business, but only so much time as shall be necessary or appropriate
for the proper management of such business.

         7.6 Managing  Member's  Standard of Care. The Managing Member's duty of
care in the  discharge  of the Managing  Member's  duties to the Company and the
other  Members is limited to  refraining  from engaging in negligent or reckless
conduct,  intentional  misconduct,  fraud  or a  knowing  violation  of law.  In
discharging its duties, a Managing Member shall be fully protected in relying in
good faith upon the records  required to be maintained under Article IV and upon
such  information,  opinions,  reports or statements by any Person as to matters
the  Managing  Member  reasonably   believes  are  within  such  other  Person's
professional or expert competence and who has been selected with reasonable care
by or on behalf of the  Company,  including  information,  opinions,  reports or
statements  as to the value and amount of the  assets,  liabilities,  profits or
losses of the Company or any other facts  pertinent to the  existence and amount
of assets from which distributions to Members might properly be paid.

         7.7 Resignation;  Removal Of Managing Member. The Managing Member shall
not have a right to resign and,  except as provided in Article  XII,  may not be
removed  for any reason  other than a breach of the  Managing  Member's  duty of
care, as set forth in Section 7.6.

         7.8      Applicability to Manager. References in this Article to the
 Managing Member
shall apply to the Manager, if appointed pursuant to Article XII.


                                                   ARTICLE VIII
                                        CONTRIBUTIONS AND CAPITAL ACCOUNTS

         8.1 Initial Capital  Contributions and Initial Capital  Accounts.  Each
Member shall make the Initial  Capital  Contribution  and shall have the Initial
Capital  Account  described  for that Member on Exhibit A at the time and on the
terms  specified in Exhibit A. The Initial Capital Account of the Class A Member
reflects the transfer of the Revolving  Credit Loans to the Company by the Class
A Member as its Initial  Capital  Contribution,  net of the value of the Class B
Ownership  Interests.  The Initial Capital Account of the Class B Members in the
aggregate reflects the right of Residential Funding Corporation, as Seller under
the Revolving Credit Loan Purchase  Agreement,  to receive the Class B Ownership
Interests.  No Member  shall have the right to withdraw or be repaid any Capital
Contribution  or any portion of its Capital  Account  except as provided in this
Company Agreement.

                                                       -12-

<PAGE>




         8.2 Minimum Capital of Managing Member.  The Managing Member shall make
additional  contributions  from time to time to the extent necessary to maintain
the Managing  Member's  Capital  Account balance at least equal to the lesser of
(a) 1.01% of the total  positive  balances of the Capital  Accounts of the other
Members  determined under this Article VIII, or (b) $500,000.  Whenever a Member
who is not a Managing Member makes a capital  contribution  to the Company,  the
Managing  Member shall  immediately  contribute to the Company  capital equal to
1.01% of such capital  contribution  or such lesser amount,  if any, as shall be
necessary to cause the Managing  Member's  capital  account balance to equal the
lesser of (a) 1.00% of the total positive capital account balance of all Members
or (b) $500,000.

         8.3 Capital Account. A separate capital account shall be maintained for
each Member  throughout the term of the Company in accordance  with the rules of
Section  1.704--1(b)(2)(iv)  of the  Regulations as in effect from time to time,
and, to the extent not inconsistent therewith, to which the following provisions
apply:

                  (a) To each Member's  Capital  Account there shall be credited
         (i) the  amount of money  contributed  by such  Member  to the  Company
         (including  liabilities  of the  Company  assumed  by  such  Member  as
         provided in Section 1.704-1(b)(2)(iv)(c) of the Regulations);  (ii) the
         fair market  value of any property  contributed  to the Company by such
         Member (net of liabilities  secured by such  contributed  property that
         the Company is  considered  to assume or take subject to under  Section
         752 of the Code);  (iii) such  Member's  share of Profits  and items of
         income and gain that are specially allocated to such Member, other than
         any  guaranteed   payments  allocated  to  such  Member  under  Section
         9.5(a)(i) and other than any Profits  allocated to such Member pursuant
         to Section 9.3(c) in accordance with Section 704(c) of the Code.

                  (b) To each  Member's  Capital  Account there shall be debited
         (i) the  amount of money  distributed  to such  Member by the  Company,
         other than any  guaranteed  payments  allocated  to such  Member  under
         Section 9.5(a)(i), (including liabilities of such Member assumed by the
         Company as provided in Section 1.704-1(b)(2)(iv)(c) of the Regulations)
         other than amounts  which are in repayment of debt  obligations  of the
         Company  to such  Member;  (ii)  the  fair  market  value  of  property
         distributed  to  such  Member  (net  of  liabilities  secured  by  such
         distributed  property  that such Member is considered to assume or take
         subject to); and (iii) such  Member's  share of Losses or items of loss
         or deduction that are specially allocated to such Member other than any
         Losses   allocated  to  such  Member  pursuant  to  Section  9.3(c)  in
         accordance with Section 704(c) of the Code,

                  (c) The Capital  Account of a transferee  Member shall include
         the appropriate  portion of the Capital Account of the Member from whom
         the transferee Member's interest was obtained.

                  (d) In determining the amount of any liability, there shall be
         taken into account Section 752(c) of the Code and any other  applicable
         provisions of the Code and Regulations.



                                                       -13-

<PAGE>



         The  foregoing  provisions  and the other  provisions  of this  Company
Agreement relating to the maintenance of Capital Accounts are intended to comply
with Section 1.704-1(b) of the Regulations, and shall be interpreted and applied
in a manner consistent with such  Regulations.  In the event the Managing Member
shall  determine  that it is prudent  to modify the manner in which the  Capital
Accounts,  or any  debits or credits  thereto  (including,  without  limitation,
debits or credits  relating to  liabilities  that are secured by  contributed or
distributed  property  or that are assumed by the  Company or any  Member),  are
computed in order to comply with such Regulations,  the Managing Member may make
such  modification,  provided that it is not likely to have a material effect on
the amounts  distributable to any Member pursuant to Article XIV hereof upon the
dissolution  of the  Company.  The  Managing  Member  also  shall  (i)  make any
adjustments  that are necessary or appropriate to maintain  equality between the
Capital  Accounts of the Members and the amount of Company capital  reflected on
the Company's  balance sheet, as computed for book purposes,  in accordance with
Section  1.704-1(b)(2)(iv)(g) of the Regulations,  and (ii) make any appropriate
modifications  in the event  unanticipated  events  might  otherwise  cause this
Agreement not to comply with Section 1.704-1(b) of the Regulations.

         8.4      No Obligation to Restore Deficit Balance.  No Member shall be 
required to
restore any deficit balance in its Capital Account.

         8.5 Withdrawal of Capital;  Distributions;  Successors.  A Member shall
not be  entitled to withdraw  any part of its  Capital  Account,  to receive any
distribution  from the  Company,  or to make  any  capital  contribution  to the
Company except as specifically  provided in this Company Agreement.  Any Member,
including any additional or substitute  Member, who shall receive an interest in
the Company or whose  interest in the Company  shall be  increased by means of a
transfer to it of all or part of the  interest of another  Member,  shall have a
Capital  Account with respect to such  interest  initially  equal to the Capital
Account with respect to such  interest of the Member from whom such  interest is
acquired  except  as  otherwise  required  to  account  for any step up in basis
resulting  from a  termination  of the Company  under Section 708 of the Code by
reason of such interest transfer.

         8.6 Interest.  Except as provided in this Company Agreement,  no Member
shall be entitled to interest on such Member's  Capital  Contribution  or on any
Profits retained by the Company.

         8.7      No Personal Liability.  The Managing Member shall have no
 personal liability
for the repayment of any Capital Contributions of any Member.


                                                    ARTICLE IX
                                           ALLOCATIONS AND DISTRIBUTIONS

         9.1 Allocation of Profits and Losses.  Except as otherwise  provided in
this  Article IX,  Profits and Losses,  and each item of Company  income,  gain,
loss, deduction, credit and tax preference with respect thereto, for each Fiscal
Year (or  shorter  period in respect  of which  such items are to be  allocated)
shall be allocated among the Members pro rata, in proportion to their respective
Sharing Ratios.


                                                       -14-

<PAGE>



         9.2 Special Allocation of Losses. Realized Losses in an amount equal to
the amount  distributable to the Class A Member under Section  9.5(a)(iii) shall
be allocated to the Class B Members until their capital  accounts are zero,  and
thereafter  to the Class A Member.  To the extent  that  Realized  Losses are so
allocated to the Class A Member in any Fiscal Year, if Profits  would  otherwise
be allocable in any subsequent Fiscal Year to the Class B Members,  such Profits
shall  instead  be  allocated  to the Class A Member  in an amount  equal to the
Realized Losses previously allocated to the Class A Member.

         9.3      Special Tax Allocations.

                  (a)  Qualified  Income  Offset.   The  Managing  Member  shall
         specially  allocate  items of income  and gain  when and to the  extent
         required to satisfy the "qualified  income offset"  requirement  within
         the meaning of Section 704-1(b)(2)(ii)(d) of the Regulations.

                  (b) Gross  Income  Allocation.  In the event any  Member has a
         deficit  Capital  Account  at the end of any  Fiscal  Year  which is in
         excess of the sum of the amount such  Member is deemed to be  obligated
         to  restore   pursuant  to  the   penultimate   sentences  of  Sections
         1.704-2(g)(1)  and  1.704-2(i)(5) of the Regulations,  each such Member
         shall be specially  allocated  items of Company  income and gain in the
         amount  of  such  excess  as  quickly  as  possible,  provided  that an
         allocation pursuant to this Section 9.3(b) shall be made only if and to
         the extent that such  Member  would have a deficit  Capital  Account in
         excess of such sum after all  other  allocations  provided  for in this
         Article IX have been made as if this  Section  9.3(b)  were not in this
         Company Agreement.

                  (c)   Mandatory   Allocations   Under  Code  Section   704(c).
         Notwithstanding  the  foregoing  provisions of this Section 9.3, in the
         event Code Section 704(c) or Code Section 704(c) principles  applicable
         under Section  1.704-1(b)(2)(iv) of the Regulations require allocations
         of Profits or Losses in a manner  different  than that set forth above,
         the  provisions  of  Section  704(c)  of the Code  and the  Regulations
         thereunder shall control such allocations  among the Members.  Any item
         of  Company  income,  gain,  loss and  deduction  with  respect  to any
         property (other than cash) that has been contributed by a Member to the
         capital of the Company or which has been  revalued for Capital  Account
         purposes pursuant to Section  1.704-l(b)(2)(iv)  of the Regulations and
         which is  required  or  permitted  to be  allocated  to such Member for
         income tax purposes under section 704(c) of the Code so as to take into
         account the  variation  between the tax basis of such  property and its
         fair market  value at the time of its  contribution  shall be allocated
         solely for income tax  purposes in the manner so required or  permitted
         under Code section 704(c) using the "traditional  method"  described in
         Section 1.704-3(b) of the Regulations, provided, however, that curative
         allocations  consisting of the special  allocation of gain or loss upon
         the sale or other disposition of the contributed property shall be made
         in accordance with Section  1.704-3(c) of the Regulations to the extent
         necessary to eliminate any disparity,  to the extent possible,  between
         the  Members'  book  and  tax  Capital  Accounts  attributable  to such
         property; further provided, however, that the Managing Member may elect
         to use any other method allowable under applicable Regulations.

               (d) Curative  Allocations.  The allocations set forth in Sections
          9.3(a) and (b) (the "Regulatory  Allocations")  are intended to comply
          with certain requirements of the
                                                       -15-

<PAGE>



         Regulations.  It is the  intent  of the  Members  that,  to the  extent
         possible,  all Regulatory Allocations shall be offset either with other
         Regulatory  Allocations  or with special  allocations of other items of
         Company  income,  gain,  loss,  or  deduction  pursuant to this Section
         9.3(d). Therefore,  notwithstanding any other provision of this Article
         IX (other than the Regulatory  Allocations),  the Managing Member shall
         make such offsetting special allocations of Company income, gain, loss,
         or  deduction in whatever  manner it  determines  appropriate  so that,
         after such  offsetting  allocations  are made,  each  Member's  Capital
         Account  balance  is,  to the  extent  possible,  equal to the  Capital
         Account   balance  such  Member  would  have  had  if  the   Regulatory
         Allocations  were not part of this  Company  Agreement  and all Company
         items were allocated pursuant to Section 9.1.

         9.4      Other Allocation Rules.

                  (a) For purposes of determining  the Profits,  Losses,  or any
         other item allocable to any period (including  allocations to take into
         account any changes in any Member's  Sharing Ratio during a Fiscal Year
         and any transfer of any interest in the Company),  Profits, Losses, and
         any such other item shall be determined on a daily,  monthly,  or other
         basis,  as  determined  by the Managing  Member  using any  permissible
         method under Section 706 of the Code and the Regulations thereunder.

                  (b) The  Members are aware of the income tax  consequences  of
         the allocations made by this Article IX and hereby agree to be bound by
         the provisions of this Article IX in reporting  their shares of Company
         income and loss for income tax purposes.

                  (c)  Except  as  otherwise  provided  in this  Article  IX, an
         allocation of Company Profits or Losses to a Member shall be treated as
         an  allocation to such Member of the same share of each item of income,
         gain,  loss and deduction  taken into account in computing such Profits
         or Losses.

         9.5      Distributions.

                  (a) Preferred  Distribution to Class A Member. On the Business
         Day  prior  to each  Payment  Date,  the  following  amounts  shall  be
         distributed by the Master  Servicer in accordance  with Section 5.01 of
         the  Servicing  Agreement  to the  Class A  Member,  to the  extent  of
         available funds in the Distribution  Account  established by the Master
         Servicer pursuant to such section of the Servicing Agreement:

                           (i) a  preferred  return in an amount  equal to yield
                  due for such Payment Date at the Class A Preferred  Return for
                  such Payment Date on the Class A Principal Balance immediately
                  prior to such  Payment  Date,  calculated  on the basis of the
                  actual  number of days in the  related  Interest  Period and a
                  year assumed to consist of 360 days, together with any overdue
                  accrued  interest as so calculated  remaining  unpaid from any
                  prior Payment Date with interest thereon at the rate specified
                  in the  Insurance  Agreement  for amounts  owing to the Credit
                  Enhancer for draws relating to accrued interest on the Class A
                  Principal Balance; plus

                           (ii) an amount equal to the Principal Collection 
Distribution Amount,

                                                       -16-

<PAGE>



                  applied to reduce the Class A Principal Balance; plus

                           (iii) an amount equal to the Liquidation Loss 
Distribution Amount; plus

                           (iv) the Special Capital Distribution Amount; plus

                           (v) an amount equal to any Interest Shortfalls not
 previously paid; plus

                           (vi) an  amount  equal to 10% of the  excess  on such
                  Payment Date, if any, of the  Outstanding  Reserve  Amount (as
                  reduced in connection with any Liquidation Loss Amount on such
                  Payment Date) over the Reserve Amount Target; plus

                           (vii) an amount equal to 10% of the remaining amount,
 if any.

                  (b) Preferred Distribution to Class B Members. On each Payment
         Date,  there shall be distributed by the Master Servicer to the Class B
         Members,  to the extent of available funds in the Distribution  Account
         and after the  Distributions  described in  paragraphs  (a)(i)  through
         (a)(vii) of this Section 9.5 have been made,  an amount equal to 90% of
         the excess on such Payment  Date,  if any, of the  Outstanding  Reserve
         Amount (as reduced in connection  with any  Liquidation  Loss Amount on
         such Payment Date) over the Reserve Amount Target.

                  (c) Tax Treatment of  Distributions.  For income tax purposes,
         (i) the  payments  described in Section  9.5(a)(i)  shall be treated as
         guaranteed  payments  pursuant to Section  707(c) of the Code and shall
         not reduce the balance of Class A Member's  Capital  Account,  and (ii)
         the payments described in Section 9.5(a)(ii), (iii), (iv) and (v) shall
         be treated as returns of capital  to, and shall  reduce the  balance of
         the Capital Account of, the Class A Member.

                  (d) Net Cash Flow  Distributions.  On each Payment  Date,  Net
         Cash Flow for such Payment Date shall be  distributed to the Members by
         the Master  Servicer in proportion to the respective  shares of Profits
         allocated to each under  Section  9.1.  Amounts so  distributed  to the
         Class  A  Members  shall  be  distributed  by the  Master  Servicer  in
         accordance with Section 5.1 of the Servicing Agreement.

                  (e) Amounts  Withheld.  All amounts  withheld  pursuant to the
         Code or any provision of any state or local tax law with respect to any
         payment,  distribution,  or  allocation  to the  Company or the Members
         shall be treated as amounts distributed to the Members pursuant to this
         Section 9.5 for all purposes under this Company Agreement. The Managing
         Member is authorized  to instruct the Master  Servicer to withhold from
         distributions,  or with respect to  allocations,  to the Members and to
         pay  over to any  federal,  state,  or  local  government  any  amounts
         required to be so withheld  pursuant to the Code or any  provisions  of
         any other  federal,  state,  or local law, and shall  allocate any such
         amounts to the Members with respect to which such amount was withheld.

         9.6      Outstanding Reserve Amount. On each Payment Date, the
 Outstanding Reserve

                                                       -17-

<PAGE>



Amount (as in effect  immediately prior to such Payment Date) shall be deemed to
be  reduced  (but not below  zero) by an amount  equal to any  Liquidation  Loss
Amounts  (other than any Excess Loss Amounts) for such Payment  Date,  except to
the extent that such  Liquidation  Loss Amounts  were covered by a  distribution
made pursuant to Section 9.5 (a)(iii)(A) on such Payment Date.

         9.7 Minimum  Interest of Managing Member.  Notwithstanding  anything in
this  Article IX to the  contrary  other than the  Regulatory  Allocations,  the
Managing  Member shall at all times  during the  existence of the Company have a
minimum 1% allocation of each material item of income, gain, loss, deduction and
credit of the Company.

         9.8 No Distribution in Violation of Law.  Notwithstanding any provision
of the contrary contained in this Company Agreement,  the Company shall not make
a  distribution  to any Member on account of its interest in the Company if such
distribution would violate ss.18-607 of the Act or any other applicable law.


                                                     ARTICLE X
                                                       TAXES

         10.1 Tax Matters Partner.  The Managing Member shall be the Tax Matters
Partner of the Company pursuant to Section  6231(a)(7) of the Code. The Managing
Member shall not resign as the Tax Matters Member unless,  on the effective date
of such  resignation,  the Company has designated  another Member as Tax Matters
Member and such  Member has given its consent in writing to its  appointment  as
Tax  Matters  Member.  The  Tax  Matters  Member  shall  receive  no  additional
compensation  from  the  Company  for its  services  in that  capacity,  but all
expenses  incurred by the Tax Matters  Member in such capacity shall be borne by
the Company.  The Tax Matters  Member is authorized to employ such  accountants,
attorneys and agents as it, in its sole  discretion,  determines is necessary to
or useful in the  performance of its duties.  In addition,  the Managing  Member
shall  serve in a similar  capacity  with  respect to any similar tax related or
other election provided by state or local laws.

         10.2 Mandatory Section 754 Election.  Upon a transfer by a Member of an
interest  in the  Company,  which  transfer  is  permitted  by the terms of this
Company  Agreement,  or upon the  death of a Member or the  distribution  of any
Company Property to one or more Members,  the Managing Member,  upon the request
of one or more of the  transferees or  distributees,  shall cause the Company to
file an election on behalf of the Company,  pursuant to Section 754 of the Code,
to cause the basis of the Company's  property to be adjusted for federal  income
tax purposes in the manner prescribed in Section 734 or Section 743 of the Code,
as the case may be. The cost of  preparing  such  election,  and any  additional
accounting  expenses of the Company occasioned by such election,  shall be borne
by such transferees or distributees.


                                                    ARTICLE XI
                                          TRANSFER OF OWNERSHIP INTEREST

         11.1     Compliance with Securities Laws.  No Ownership Interest has 
been registered

                                                       -18-

<PAGE>



under the  Securities  Act of 1933, as amended,  or under any  applicable  state
securities  laws. A Member may not  transfer (a  transfer,  for purposes of this
Company Agreement,  shall be deemed to include, but not be limited to, any sale,
transfer,   assignment,  pledge,  creation  of  a  security  interest  or  other
disposition) all or any part of such Member's  interest,  except upon compliance
with the applicable federal and state securities laws. The Managing Member shall
have no obligation to register any Member's interest under the Securities Act of
1933, as amended,  or under any applicable state securities laws, or to make any
exemption therefrom available to any Member.

         11.2  Transfer of Economic  Interest.  Except for (i) the transfer from
the Depositor to the Owner Trustee of the Class A Ownership  Interest;  (ii) the
transfer under the Indenture of the Class A Ownership  Interest to the Indenture
Trustee, and (iii) a transfer pursuant to the Indenture by the Indenture Trustee
or any  subsequent  transferee  of the Class A Ownership  Interest  following an
Event of Default,  the Economic Interest of any Member may not be transferred in
whole or in part unless the following terms and conditions have been satisfied:

               (a) All of the other Members  shall have  consented in writing to
          the  transfer,  which  consent  may be given or  withheld  in the sole
          discretion of any such Member;

                  (b) Except with respect to the Initial Transfer and Admission,
         the  transferor  shall  have:  (i)  assumed  all costs  incurred by the
         Company in  connection  with the transfer;  (ii)  furnished the Company
         with a written  opinion of counsel,  satisfactory in form and substance
         to counsel for the Company, that such transfer complies with applicable
         federal and state  securities laws and this Company  Agreement and that
         such  transfer,  for federal  income tax  purposes,  will not cause the
         termination of the Company under section 708(b) of the Code,  cause the
         Company to be treated as an  association  taxable as a corporation  for
         income tax  purposes or otherwise  adversely  affect the Company or the
         Members;  and (iii) complied with such other  conditions as the Manager
         may reasonably require from time to time;

                  (c) The transferee shall have assumed the obligations, if any,
         of the  transferor to the Company,  including the obligation to fulfill
         the pro rata portion of the transferor's  then existing or subsequently
         arising Commitment  allocable to the transferred  Ownership Interest or
         portion thereof; and

               (d) With respect to a transfer by Mortgage Assets  Trading,  Inc.
          of its Class B Ownership  Interest,  each of the Rating Agencies shall
          have consented in writing to the transfer.

         Except with respect to (i) the Initial Transfer and Admission, and (ii)
the  transfer  under the  Indenture  of the Class A  Ownership  Interest  to the
Indenture  Trustee,  each of  which  shall be  effective  as of the date of this
Company  Agreement,  and  (iii) a  transfer  pursuant  to the  Indenture  by the
Indenture Trustee or any subsequent transferee of the Class A Ownership Interest
following an Event of Default,  which shall be effective  immediately  upon such
transfer,  transfers of Economic  Interests will be recognized by the Company as
effective  only upon the close of business on the last day of the calendar month
following satisfaction of the above conditions. Any transfer in contravention of
this Article XI and any transfer which if made

                                                       -19-

<PAGE>



would cause a termination  of the Company for federal  income tax purposes under
section 708(b) of the Code shall be void ab initio and ineffectual and shall not
bind the Company or the other Members.

         11.3 Status of  Transferee  of Economic  Interest.  A transferee  of an
Economic  Interest who is not admitted as a Substitute  Member shall be entitled
only to receive  that share of  Profits,  Losses  and  Distributions,  return of
Capital Contribution and other distributions of capital and distributions upon a
dissolution of the Company,  to which the transferor would otherwise be entitled
with  respect to the  interest  transferred,  and shall not have any  Management
Rights  of a Member  of the  Company  under  the Act or this  Company  Agreement
including, without limitation, the right to obtain any information on account of
the Company's  transactions,  to inspect the Company's books or to vote with the
Members on, or to grant or withhold  consents or approvals  to, any matter.  The
Company  shall,  however,  if a transferee  and  transferor  jointly  advise the
Company  in  writing  of a  transfer  of  the  Economic  Interest,  furnish  the
transferee with pertinent tax information at the end of each Fiscal Year.

         11.4 Transfer of Management  Rights;  Admission of Substitute Member. A
Member  may  transfer  Management  Rights and give the  transferee  the right to
become a Substitute  Member only after the following  terms and conditions  have
been satisfied:

                  (a)      The transferee shall also be the transferee of all or
 part of the transferor's
         Economic Interest, or shall be the owner of an Economic Interest;

                  (b)      All of the other Members shall have consented in
 writing to the
         substitution, which consent may be arbitrarily withheld by any such
 Member; and

                  (c) The transferor and the transferee shall have complied with
         such other requirements as the non-transferring  Members may reasonably
         impose, including the conditions that the transferee:

                           (i)      adopt and approve in writing all the terms
 and provisions of this
                  Company Agreement then in effect; and

                           (ii)     pay such fees as may be reasonable to pay 
the costs of the
                  Company in effecting such substitution.

         11.5  Dissolution or Bankruptcy of a Member.  Upon the dissolution of a
Member or a Member becoming a Bankrupt  Member,  such Member's  successors shall
have all the rights of a Member (except as provided by the last sentence of this
Section  11.5) for the purpose of settling or  managing  such  Member's  estate,
including  such power as such Member  possessed  to  substitute a successor as a
transferee  of such  Member's  interest  in the  Company  and to join  with such
transferee in making the  application to substitute such transferee as a Member.
However,  such successors will not have the right to become a Substitute  Member
in the place of their  predecessor  in interest  unless all of the other Members
shall so consent as provided in Section 11.4(b) hereof.


                                                       -20-

<PAGE>



         11.6  Dispositions  not in  Compliance  with  this  Article  Void.  Any
attempted  Disposition  of an Ownership  Interest,  or any part thereof,  not in
compliance  with this Article shall be void ab initio and  ineffectual and shall
not bind the Company.

         11.7  Approval  of  Initial  Transfer  and  Admission.  Notwithstanding
anything  in this  Agreement  or the Act to the  contrary,  the  Members  hereby
consent to the Initial  Transfer and  Admission and  acknowledge  that by reason
thereof the Trust shall be the sole Class A Member.

               11.8  Approval of Pledge of Class A Ownership  Interest by Trust.
          The Members  hereby  consent to the pledge by the Trust of the Class A
          Ownership Interest to the Indenture Trustee pursuant to the Indenture.


                                                    ARTICLE XII
                                              APPOINTMENT OF MANAGER

         12.1 Appointment of Manager. If an Event of Default shall have occurred
and be continuing,  then immediately upon notice by the Indenture Trustee to the
Members:  (a) the Class A Member shall cease to be the Managing Member,  (b) the
Indenture Trustee, or its nominee,  shall be the Manager,  (c) the management of
the Company shall be vested solely in the Manager,  and (d) the Manager shall be
vested with all of the right, power and authority with respect to the management
of the Company  theretofore  vested in the  Managing  Member as provided in, and
subject to the  limitations  of, this Company  Agreement.  However,  the Manager
shall not  become a  Substitute  Member  unless  all of the  Members  shall have
consented  in writing to such  substitution,  which  consent may be  arbitrarily
withheld by any Member.

         12.2 Specific Performance.  Upon the occurrence of an Event of Default,
the Indenture Trustee,  in addition to all other remedies available to it, shall
be entitled to a temporary or permanent  injunction,  without showing any actual
damage, and/or a decree for specific performance of the terms of Section 12.1.


                                                   ARTICLE XIII
                                             DISSOCIATION OF A MEMBER

         13.1     Dissociation.  A Person shall cease to be a Member upon the
 happening of any
of the following events:

                  (a)      A Member becoming a Bankrupt Member;

               (b) in the case of a Member that is a trust or who is acting as a
          Member by virtue of being a trustee of a trust, the termination of the
          trust (but not merely the substitution of a new trustee);

               (c) in the case of a Member that is a corporation,  the filing of
          a certificate of dissolution,  or its equivalent,  for the corporation
          or the revocation of its charter;

                                                       -21-

<PAGE>



                  (d)      in the case of a Member that is an individual, the 
death of such Member;
         or

                  (e)      the occurrence of any other event under the Act that
 terminates the
         continued membership of a member in the Company.


                                                    ARTICLE XIV
                                            DISSOLUTION AND WINDING UP

         14.1 Dissolution. The Company shall be dissolved without further action
by the Members  and its affairs  wound up, upon the first to occur of any of the
following events (each of which shall constitute a Dissolution Event):

                  (a) the  expiration  of the term of this Company  Agreement as
         set forth in Section 2.4 of this Company Agreement,  unless the Company
         is continued with the consent of all of the Members;

                  (b)      the occurrence of an Event of Liquidation;

                  (c) the  Dissociation  of any Managing  Member,  unless at the
         time of such Dissociation  there are at least two remaining Members and
         the  Company is  continued  with the  consent  of all of the  remaining
         Members within 90 days after such Dissociation;

                  (d)      the unanimous written consent of all of the Members;

                  (e)      at any time when there is but one Member, and

                  (f)      the entry of a decree of judicial dissolution under
 ss.18-802 of the Act.

         Other  than  in  connection  with a  dissolution  pursuant  to  Section
14.1(c),  the  death,   retirement,   resignation,   expulsion,   bankruptcy  or
dissolution  of a Member or the occurrence of any other event under the Act that
terminates  the  continued  membership  of a Member  in the  Company  shall  not
dissolve the Company,  and the Company  shall  thereafter  be continued  without
dissolution.

         14.2 Effect of Dissolution.  Upon dissolution, the Company shall not be
terminated and shall continue until the winding up of the affairs of the Company
is completed and a certificate of cancellation has been filed with the Secretary
of State of Delaware.

         14.3  Distribution of Assets on Dissolution  Resulting from an Event of
Liquidation.  Upon the dissolution of the Company caused by the occurrence of an
Event of Liquidation,  as provided in paragraph (b) of Section 14.1, the Manager
shall take full  account of the assets and  liabilities  of the  Company,  shall
liquidate the assets,  in a commercially  reasonable  manner and on commercially
reasonable  terms,  as promptly as is consistent  with  obtaining the fair value
thereof,  and shall apply and distribute the proceeds therefrom in the following
order:


                                                       -22-

<PAGE>



               (a) first to the  payment  of the debts  and  liabilities  of the
          Company to creditors in  satisfaction  of such debts and  liabilities,
          and to the payment of necessary expenses of liquidation;
                  (b) second, to the Indenture Trustee,  as pledgee of the Class
         A  Ownership  Interest,  the  aggregate  of (1) an amount  equal to all
         accrued and unpaid preferred  return on the Class A Principal  Balance,
         calculated as provided in Section  9.5(a)(i) hereof through the Payment
         Date  immediately  following  the  date  on  which  such  proceeds  are
         distributed,  (2) 100% of the  Class A  Principal  Balance  outstanding
         immediately  prior to such Payment Date, and (3) any additional  amount
         necessary  to  provide  for the  reimbursement  in  full to the  Credit
         Enhancer  for  all  prior  draws  made  under  the  Credit  Enhancement
         Instrument  (with  interest  thereon) and any other amounts owing under
         the Insurance Agreement; and

                  (c)      then, to the Class B Members, on a pro rata basis,
the remaining amounts,
         if any, of such proceeds to be distributed.

         14.4  Distribution of Assets on Dissolution for Other Cause.  Except as
provided in Section  14.3,  upon the  dissolution  of the Company,  the Managing
Member (or, if there is no Managing Member then remaining,  such other Person(s)
designated  by the  Members  representing  at least a majority  of the  Members'
Sharing  Ratios) (the  Managing  Member or such other  Person being  hereinafter
referred to as the "Liquidating  Trustee") shall take full account of the assets
and liabilities of the Company,  shall liquidate the assets (unless the Managing
Member  determines that a distribution of any Company  Property in-kind would be
more  advantageous  to the  Members  than the sale  thereof)  as  promptly as is
consistent with obtaining the fair value thereof, and shall apply and distribute
the proceeds therefrom in the following order:

                  (a) first,  to the payment of the debts and liabilities of the
         Company to  creditors,  including  Members  who are  creditors,  to the
         extent permitted by law, in satisfaction of such debts and liabilities,
         and to the payment of necessary expenses of liquidation;

                  (b)  second,  to the  setting  up of any  reserves  which  the
         Managing  Member may deem necessary or appropriate  for any anticipated
         obligations  or  contingencies  of  the  Company  arising  out of or in
         connection with the operation or business of the Company. Such reserves
         may be paid  over by the  Liquidating  Trustee  to an  escrow  agent or
         trustee  selected by the  Liquidating  Trustee to be  disbursed by such
         escrow  agent  or  trustee  in  payment  of any  of the  aforementioned
         obligations  or  contingencies  and,  if  any  balance  remains  at the
         expiration  of  such  period  as the  Liquidating  Trustee  shall  deem
         advisable,  shall be distributed by such escrow agent or trustee in the
         manner hereinafter provided;

                  (c) then, to the Members in accordance  with positive  Capital
         Account  balances taking into account all Capital  Account  adjustments
         for  the  Company's  taxable  year in  which  the  liquidation  occurs.
         Liquidation  proceeds  shall be paid  within  60 days of the end of the
         Company's   taxable  year  in  which  the  liquidation   occurs.   Such
         distributions  shall  be  in  cash  or  Property  (which  need  not  be
         distributed  proportionately)  or partly in both,  as determined by the
         Liquidating Trustee.

                                                       -23-

<PAGE>




         If at the time of liquidation the  Liquidating  Trustee shall determine
that an immediate sale of some or all Company Property would cause undue loss to
the Members,  the  Liquidating  Trustee may, in order to avoid such loss,  defer
liquidation.

         14.5 Winding Up and Certificate of Cancellation.  The winding up of the
Company shall be completed when all debts,  liabilities,  and obligations of the
Company have been paid and discharged or reasonable  provision therefor has been
made, and all of the remaining  Property of the Company has been  distributed to
the Members. Upon the completion of the winding up of the Company, a certificate
of  cancellation  shall be delivered  to the  Secretary of State of Delaware for
filing. The certificate of cancellation shall set forth the information required
by the Act.


                                                    ARTICLE XV
                                                   MISCELLANEOUS

         15.1  Notices.  Notices  to the  Managing  Member  shall be sent to the
principal  office of the Company.  Notices to the other Members shall be sent to
their  addresses  set forth on Exhibit A. Any Member may  require  notices to be
sent to a different  address by giving notice to the other Members in accordance
with this Section 15.1. Any notice or other communication  required or permitted
hereunder  shall be in  writing,  and shall be deemed  to have been  given  with
receipt confirmed if and when delivered personally, given by prepaid telegram or
mailed first class, postage prepaid, delivered by courier, or sent by facsimile,
to such Members at such address.

         15.2  Meetings.  A meeting of the Members may be called by the Managing
Member at any time,  and shall be  called at the  written  request  of any other
Member.  Written  notice  stating  the  place and time of the  meeting,  and the
purpose  thereof  shall be given by the Managing  Member to each Member at least
ten (10) days before the meeting.

         15.3  Headings.  All  Article  and  section  headings  in this  Company
Agreement are for  convenience of reference only and are not intended to qualify
the meaning of any Article or section.

               15.4 Entire  Agreement.  This Company  Agreement  constitutes the
          entire  agreement   between  the  parties  and  supersedes  any  prior
          agreement or understanding  between them respecting the subject matter
          of this Company Agreement.
         15.5 Binding  Agreement.  This Company Agreement shall be binding upon,
and inure to the  benefit  of, the  parties  hereto,  their  successors,  heirs,
legatees,    devisees,    assigns,   legal   representatives,    executors   and
administrators, except as otherwise provided herein.

         15.6 Saving Clause. If any provision of this Company Agreement,  or the
application  of such  provision  to any  Person or  circumstance,  shall be held
invalid,  the remainder of this Agreement,  or the application of such provision
to Persons  or  circumstances  other than those as to which it is held  invalid,
shall not be affected thereby. If the operation of any provision of this Company
Agreement would contravene the provisions of the Act, such provision shall

                                                       -24-

<PAGE>



be void and ineffectual.

         15.7  Counterparts.  The Company  Agreement  may be executed in several
counterparts, and all so executed shall constitute one agreement, binding on all
the parties hereto, even though all parties are not signatory to the original or
the same  counterpart.  Any counterpart of either this Company  Agreement or the
Certificate  of  Formation  shall for all  purposes  be deemed a fully  executed
instrument.

               15.8 Governing Law. This Company  Agreement  shall be governed by
          and  construed  in  accordance  with the laws of the State of Delaware
          without regard to principles of conflict of law.

         15.9 No  Partnership  Intended  for Nontax  Purposes . The Members have
formed the Company  under the Act, and  expressly do not intend hereby to form a
partnership  under either the Delaware Uniform  Partnership Act nor the Delaware
Uniform Limited Partnership Act. The Members do not intend to be partners one to
another, or partners as to any third party. To the extent any Member, by word or
action,  represents  to another  person that any Member is a partner or that the
Company is a partnership,  the Member making such wrongful  representation shall
be liable to any other  Members who incur  personal  liability by reason of such
wrongful representation.

               15.10 No Rights of  Creditors  and Third  Parties  under  Company
          Agreement.  This  Company  Agreement is entered into among the Company
          and the Members for the exclusive benefit of the Company, its Members,
          the Indenture  Trustee,  to the extent expressly  provided herein, and
          their  successors and assignees.  This Company  Agreement is expressly
          not  intended  for the  benefit of any  creditor of the Company or any
          other Person,  other than the Indenture Trustee as expressly  provided
          herein.  Except and only to the extent provided by applicable statute,
          no such creditor or any third party,  other than the Indenture Trustee
          as expressly provided herein, shall have any rights under this Company
          Agreement  or any  agreement  between  the Company and any Member with
          respect to any Capital Contribution or otherwise.

         15.11  Amendment.  This  Company  Agreement  shall  not be  amended  or
modified in any respect,  unless  pursuant to an instrument  duly executed by or
consented  to in writing by each Member and, so long as any Note or  Certificate
is outstanding (or thereafter  until all amounts owing to the Credit Enhancer in
connection  therewith  have been paid in full),  by the Indenture  Trustee,  the
Credit Enhancer and each Rating Agency. In addition,  no such amendment shall be
made unless the Company  shall have obtained an Opinion of Counsel to the effect
that such  amendment  will not  adversely  affect the status of the Company as a
partnership for federal income tax purposes.

               15.12  General  Interpretive  Principles.  For  purposes  of this
          Company  Agreement,  except as otherwise  expressly provided or unless
          the context otherwise requires:
               (a) the terms  defined  in this  Company  Agreement  include  the
          plural as well as the singular, and the use of any gender herein shall
          be deemed to include the other gender;

               (b)  accounting  terms  not  otherwise  defined  herein  have the
          meanings given to them
                                                       -25-

<PAGE>



in the United States in accordance with generally accepted accounting
 principles;

         (c)   references   herein  to  "Sections",   "paragraphs",   and  other
subdivisions  without  reference  to a  document  are  to  designated  Sections,
paragraphs and other subdivisions of this Company Agreement;

         (d) a reference to a paragraph  without further  reference to a Section
is a reference  to such  paragraph as contained in the same Section in which the
reference appears, and this rule shall also apply to other subdivisions;

         (e)      the words "herein", "hereof", "hereunder" and other words of
 similar import refer
to this Company Agreement as a whole and not to any particular provision; and

         (f)      the term "include" or "including" shall mean without 
limitation by reason of
enumeration.




         IN WITNESS  WHEREOF,  the parties  hereto have hereunto set their hands
and seals this 30th day of October, 1996.



                                                       -26-

<PAGE>



CLASS A MEMBER:

Residential Funding Mortgage Securities II, Inc.



By:
         Name:                      Diane Wold
         Title:            Vice President

CLASS B MEMBERS:

Residential Funding Corporation



By:
         Name:Randy Van Zee
         Title:            Director

and

Mortgage Assets Trading, Inc.



By:
         Name:
         Title:


                                                       -27-

<PAGE>



                                     ASSIGNMENT OF CLASS A OWNERSHIP INTEREST

         For  valuable  consideration  in  hand  received,  Residential  Funding
Mortgage Securities II, Inc. hereby assigns it entire Class A Ownership Interest
in  1996-HS3  LLC to Home  Equity  Loan Trust  1996-HS3  and shall cease to be a
member of the Company.

Residential Funding Mortgage Securities II, Inc.



By:
         Name:                      Diane Wold
         Title:            Vice President






               ACCEPTANCE OF ASSIGNMENT AND APPROVAL OF COMPANY AGREEMENT

         Home Equity Loan Trust  1996-HS3,  hereby accepts the assignment of the
Class A Ownership Interest of Residential  Funding Mortgage  Securities II, Inc.
in Home Equity Loan Trust 1996-HS3,  and as such assignee and Substitute Class A
Member, hereby adopts and approves, and agrees to be bound by, all the terms and
provisions of this Company Agreement and agrees to be the Managing Member of the
Company.

Home Equity Loan Trust 1996-HS3

By: Wilmington Trust Company, not in
         its individual capacity, but
         solely as Owner Trustee



By:
         Name: Emmett R. Harmon
         Title:            Vice President

                                                       -28-

<PAGE>


                               Operating Agreement
                                       OF
                                  1996-HS3 LLC

                                    EXHIBIT A

======================================================================
Member Name and Address             Class      Initial Capital Contribution   
       ...Sharing
                                                                          
- --------------------------------------------------------------------------------
Residential Funding Mortgage         Class A      The Revolving Credit Loans,   
Securities II, Inc.("Depositor")                     together with Depositor's
                                                     Interest   under
                                                     the    Revolving
                                                     Credit      Loan
                                                     Purchase
                                                     Agreement, to be
                                                     transferred   to
                                                     the  Company  as
                                                     of the Effective
                                                     Date.
- -------------------------------------------------------------------------------
Residential Funding Corporation            Class B                    n/a      



- -------------------------------------------------------------------------------
Mortgage Assets Trading, Inc.              Class B                    n/a      


- ------------------------------------------------ TOTAL:      n/a       n/a      
===============================================================================


               Initial Capital            ...Sharing          
                                                              
                       Account            Ratio               
- ----------------------------------------------------------    
            $268,743,396.14              10.0%                
                                                              
                                                              
                                                              
                                                              
                                                              
                                                              
                                                              
                                                              
                                                              
                                                              
- ----------------------------------------------------------    
               $5,206,982.74                  89.1%           
                                                              
                                                              
                                                              
- ----------------------------------------------------------    
               $52,595.79                     0.9%            
                                                              
                                                              
- ----------------------------------------------------------    
               $274,002,974.67                100%            
==========================================================    


[NY01:227436.4]  16069-00369  10/30/96 3:37pm
16069-228
                                                       -29-

<PAGE>




                RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.

                                  as Purchaser,

                                       and

                         RESIDENTIAL FUNDING CORPORATION

                                    as Seller









                    REVOLVING CREDIT LOAN PURCHASE AGREEMENT

                           Dated as of October 1, 1996






                             Revolving Credit Loans








[NY01:227414.5]  16069-00369  10/30/96 1:06pm

<PAGE>



                                TABLE OF CONTENTS


                                                                     Page
                                    ARTICLE I

                                   DEFINITIONS

Section 1.1.       Definitions..............................................  2
                                   ARTICLE II

              SALE OF REVOLVING CREDIT LOANS AND RELATED PROVISIONS

Section 2.1.       Sale of Revolving Credit Loans...........................  2

Section 2.2.       Payment of Purchase Price................................  5

Section 2.3.       Reserved.................................................  5

Section 2.4.       Variable Funding Notes on or after the Closing Date......  6

Section 2.5.       Draws After an Amortization Event........................  6
                  ARTICLE III

                         REPRESENTATIONS AND WARRANTIES;
                               REMEDIES FOR BREACH

Section 3.1.         Seller Representations and Warranties..................  7
                    ARTICLE IV

                SELLER'S COVENANTS

Section 4.1.         Covenants of the Seller................................ 14
                     ARTICLE V

                     SERVICING

Section 5.1.         Servicing.............................................. 15

                                   ARTICLE VI
                          INDEMNIFICATION BY THE SELLER
                      WITH RESPECT TO THE REVOLVING CREDIT

Section 6.1.     Indemnification With Respect to the Revolving Credit Loans..15

                                       -i-
[NY01:227414.5]  16069-00369  10/30/96 1:06pm

<PAGE>




Section 6.2.    Limitation on Liability of the Seller................. 15
                                   ARTICLE VII

                                   TERMINATION

Section 7.1.    Termination........................................... 16
                                  ARTICLE VIII

                            MISCELLANEOUS PROVISIONS

Section 8.1.     Amendment.................................................. 16

Section 8.2.     GOVERNING LAW.............................................. 16

Section 8.3.     Notices.................................................... 16

Section 8.4.     Severability of Provisions................................. 17

Section 8.5.     Relationship of Parties.................................... 17

Section 8.6.     Counterparts............................................... 17

Section 8.7.     Further Agreements......................................... 17

Section 8.8.     Intention of the Parties................................... 17

Section 8.9.     Successors and Assigns; Assignment of This Agreement....... 17

Section 8.10.    Survival................................................... 18



                                      -ii-
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<PAGE>


                                                                       Page

Exhibits

Exhibit 1                  Revolving Credit Loan Schedule

                                      -iii-
[NY01:227414.5]  16069-00369  10/30/96 1:06pm

<PAGE>



     This REVOLVING CREDIT LOAN PURCHASE AGREEMENT (this "Agreement"),  dated
as
of  October  1, 1996,  is made  between  Residential  Funding  Corporation  (the
"Seller")  and   Residential   Funding   Mortgage   Securities   II,  Inc.  (the
"Purchaser").
                              W I T N E S S E T H :

                  WHEREAS,  the Seller owns Cut-off  Date Loan  Balances and the
Related Documents for the home equity lines of credit indicated on the Revolving
Credit Loan Schedule attached as Exhibit 1 hereto (collectively,  the "Revolving
Credit Loans"),  including rights to (a) any property acquired by foreclosure or
deed in lieu of foreclosure or otherwise,  and (b) the proceeds of any insurance
policies covering the Revolving Credit Loans;

                  WHEREAS,  the parties  hereto  desire that the Seller sell the
Cut-off  Date Loan  Balances  of the  Revolving  Credit  Loans to the  Purchaser
pursuant to the terms of this Agreement  together with the Related  Documents on
the Closing Date, and thereafter all Additional Balances created on or after the
Cut-off Date;

                  WHEREAS, the Purchaser will create the 1996-HS3 LLC, a limited
liability  company under  Delaware  law, and will transfer the Revolving  Credit
Loans and all of its rights  under this  Agreement  to the  1996-HS3  LLC,  as a
capital contribution to the 1996-HS3 LLC;

     WHEREAS,  pursuant to the terms of the Operating  Agreement,  the Purchaser
will  establish  two classes of  "ownership  interests" in the 1996-HS3 LLC: the
Class A Ownership Interest and the Class B Ownership Interest;
                  WHEREAS, pursuant to the terms of the Servicing Agreement, the
Master Servicer will service the Revolving  Credit Loans directly or through one
or more Subservicers;

                  WHEREAS,  pursuant  to the terms of the Trust  Agreement,  the
Purchaser will sell the Class A Ownership Interest to the Issuer in exchange for
the cash proceeds of the Securities;

                  WHEREAS,  pursuant  to the terms of the Trust  Agreement,  the
Issuer will issue and  transfer to or at the  direction  of the  Purchaser,  the
Certificates;

                  WHEREAS,  pursuant to the terms of the  Indenture,  the Issuer
will issue and  transfer to or at the  direction  of the  Purchaser,  the Notes,
consisting  of the Term Notes and the  Variable  Funding  Notes,  secured by the
Class A Ownership Interest;


[NY01:227414.5]  16069-00369  10/30/96 1:06pm

<PAGE>


                                                      -2-

                  NOW,  THEREFORE,  in  consideration  of the  mutual  covenants
herein contained, the parties hereto agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

                  Section 1.1.  Definitions.  For all purposes of this Revolving
Credit Loan Purchase Agreement, except as otherwise expressly provided herein or
unless the context otherwise  requires,  capitalized terms not otherwise defined
herein  shall  have the  meanings  assigned  to such  terms  in the  Definitions
contained  in Appendix A to the  Indenture  which is  incorporated  by reference
herein.  All  other  capitalized  terms  used  herein  shall  have the  meanings
specified herein.

                                   ARTICLE II

              SALE OF REVOLVING CREDIT LOANS AND RELATED PROVISIONS

                  Section 2.1.              Sale of Revolving Credit Loans.

                  (a)  The  Seller,  by  the  execution  and  delivery  of  this
Agreement,  does hereby sell,  assign,  set over,  and  otherwise  convey to the
Purchaser,  without  recourse,  all of its right,  title and interest in, to and
under the  following,  and  wherever  located:  (i) the  Revolving  Credit Loans
(including  without limitation the Cut-off Date Loan Balances and all Additional
Balances;  provided,  however,  that following the occurrence of an Amortization
Event, any subsequent loan balance represented by each Draw and interest thereon
will not be deemed  transferred  to the  1996-HS3  LLC,  and the Seller (in such
event) shall retain ownership of each loan balance represented by each such Draw
made thereafter and interest  thereon),  all interest  accruing  thereon and all
collections  in respect  thereof  received  on or after the Cut-off  Date;  (ii)
property  which  secured a Revolving  Credit Loan and which has been acquired by
foreclosure or deed in lieu of foreclosure;  (iii) the interest of the Seller in
any insurance  policies in respect of the Revolving  Credit Loans;  and (iv) all
proceeds of the foregoing; provided, however, that the Purchaser does not assume
the  obligation  under  each  Loan  Agreement  to fund  Draws  to the  Mortgagor
thereunder,  and the  Purchaser  shall not be obligated or permitted to fund any
such Draws,  it being agreed that the Seller will retain the  obligation to fund
future Draws.  Such  conveyance  shall be deemed to be made: (1) with respect to
the Cut-off Date Loan Balances,  as of the Closing Date; and (2) with respect to
the amount of each  Additional  Balance created on or after the Cut-off Date, as
of the later of the Closing  Date and the date that the  corresponding  Draw was
made  pursuant  to the  related  Loan  Agreement,  subject to the receipt by the
Seller of consideration  therefor as provided herein under clause (b) of Section
2.2.


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<PAGE>


                                                      -3-

                  (b) In connection  with such  conveyance,  the Seller  further
agrees, at its own expense,  on or prior to the Closing Date with respect to the
Loan Balance of the Revolving  Credit Loans to indicate in its books and records
that the Revolving Credit Loans have been sold to the Purchaser pursuant to this
Agreement and to deliver to the Purchaser  true and complete lists of all of the
Revolving Credit Loans specifying for each Revolving Credit Loan (i) its account
number and (ii) its Cut-off Date Loan  Balance.  Such lists,  which form part of
the  Revolving  Credit  Loan  Schedule,  shall be  marked  as  Exhibit 1 to this
Agreement and are hereby incorporated into and made a part of this Agreement.

                  (c) In  connection  with such  conveyance  by the Seller,  the
Seller  shall on  behalf of the  Purchaser  deliver  to,  and  deposit  with the
respective Custodian,  on or before the Closing Date, the following documents or
instruments with respect to each Revolving Credit Loan:

                         (i)  the  original   Mortgage  Note  endorsed   without
         recourse in blank or, with respect to any  Revolving  Credit Loan as to
         which the original Mortgage Note has been permanently lost or destroyed
         and has not been replaced, a Lost Note Affidavit;

                        (ii) the original  Mortgage  with  evidence of recording
         thereon,  or, if the original  Mortgage has not yet been  returned from
         the public recording office, a copy of the original Mortgage  certified
         by the public recording office in which such original Mortgage has been
         recorded;

                       (iii)  assignments  (which may be included in one or more
         blanket  assignments if permitted by applicable law) of the Mortgage in
         recordable  form as  follows:  (A) from the related  originator  to the
         Seller,  and (B)  from  the  Seller  to "The  Chase  Manhattan  Bank as
         trustee" c/o the Seller at an address specified by the Seller;

                        (iv)  originals of any  intervening  assignments  of the
         Mortgage,  with evidence of recording  thereon,  or, if the original of
         any such  intervening  assignment  has not yet been  returned  from the
         public recording office, a copy of such original intervening assignment
         certified  by the  public  recording  office  in  which  such  original
         intervening assignment has been recorded; and

                         (v)  a  true  and  correct  copy  of  each  assumption,
         modification, consolidation or substitution agreement, if any, relating
         to the Revolving Credit Loan.

                  Within the time  period for the review of each  Mortgage  File
set forth in Section 2.3 of the Custodial Agreement, if a material defect in any
Mortgage File is discovered  which may materially and adversely affect the value
of the related  Revolving Credit Loan, or the interests of the Indenture Trustee
(as  pledgee  of  the  Class  A  Ownership  Interest),   the  Noteholders,   the
Certificateholders  or the  Credit  Enhancer  in  such  Revolving  Credit  Loan,
including the Seller's failure to deliver any document  required to be delivered
to the Custodian

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<PAGE>


                                                      -4-

on behalf of the Indenture  Trustee  (provided  that a Mortgage File will not be
deemed to contain a defect for an unrecorded assignment under clause (iii) above
if the Seller has submitted such assignment for recording  pursuant to the terms
of the following paragraph),  the Seller shall cure such defect,  repurchase the
related  Revolving Credit Loan at the Repurchase Price or substitute an Eligible
Substitute  Loan for the related  Revolving  Credit Loan upon the same terms and
conditions set forth in Section 3.1 hereof for breaches of  representations  and
warranties as to the Revolving Credit Loans.

                  Within 60 days after the receipt by the Master Servicer of the
recording  information,  the Seller at its own expense shall complete and submit
for recording in the appropriate public office for real property records each of
the assignments  referred to in clause (iii) above.  While such assignment to be
recorded is being  recorded,  the  Custodian  shall  retain a photocopy  of such
assignment.  If any  assignment is lost or returned  unrecorded to the Custodian
because of any defect  therein,  the Seller is required to prepare a  substitute
assignment  or cure such defect,  as the case may be, and the Seller shall cause
such assignment to be recorded in accordance with this paragraph.

                  In  instances  where  an  original  Mortgage  or any  original
intervening  assignment of Mortgage was not, in  accordance  with clause (ii) or
(iv) above,  delivered  by the Seller to the  respective  Custodian  prior to or
concurrently with the execution and delivery of this Agreement,  the Seller will
deliver  or  cause to be  delivered  the  originals  of such  documents  to such
Custodian promptly upon receipt thereof.

                  The Purchaser hereby acknowledges its acceptance of all right,
title and interest to the property, conveyed to it pursuant to this Section 2.1.

                  (d) The parties hereto intend that the  transactions set forth
herein  constitute  a sale by the Seller to the  Purchaser  of all the  Seller's
right,  title  and  interest  in and to the  Revolving  Credit  Loans  and other
property as and to the extent described above. In the event the transactions set
forth  herein  are  deemed not to be a sale,  the  Seller  hereby  grants to the
Purchaser a security  interest in all of the Seller's right,  title and interest
in, to and under the Revolving  Credit Loans and such other property,  to secure
all of the Seller's obligations hereunder, and this Agreement shall constitute a
security  agreement under  applicable law. The Seller agrees to take or cause to
be  taken  such  actions  and  to  execute  such  documents,  including  without
limitation the filing of all necessary UCC-1 financing  statements  filed in the
State of Minnesota (which shall have been submitted for filing as of the Closing
Date),  any  continuation  statements  with respect  thereto and any  amendments
thereto  required to reflect a change in the name or corporate  structure of the
Seller or the filing of any  additional  UCC-1  financing  statements due to the
change in the  principal  office of the Seller,  as are necessary to perfect and
protect the Purchaser's interests in each Revolving Credit Loan and the proceeds
thereof.


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<PAGE>


                                                      -5-

                  Section 2.2.              Payment of Purchase Price.

                  (a) The  "Purchase  Price"  for  the  Revolving  Credit  Loans
(including  the  Additional  Balances)  shall  be (i)  (A) an  amount  equal  to
$268,428,402.19  in  immediately  available  funds,  together  with  1.0% of the
Initial  Certificates,  in respect of the Cut-off Date Loan Balances thereof and
(B) in the case of each Additional Balance  transferred  hereunder created on or
after the Cut-off Date, the principal  amount of the related Draw under the Loan
Agreement  on the later of the Closing Date and the date of the creation of such
Additional Balance, together with (ii) the Class B Ownership Interest.

                  (b) In consideration of the sale of the Revolving Credit Loans
from the Seller to the Purchaser on the Closing Date, the Purchaser shall pay to
the Seller on the Closing Date by wire transfer of immediately  available  funds
to a bank account designated by the Seller, the amount specified above in clause
(a)(i)(A) for each Revolving Credit Loan and the Purchaser shall transfer to the
Seller on the Closing Date the Class B Ownership Interest;  provided,  that such
payment may be on a net funding basis if agreed by the Seller and the Purchaser.
With respect to each Additional  Balance  transferred  hereunder with respect to
any Revolving  Credit Loan, the 1996-HS3 LLC as assignee of the Purchaser  shall
pay or  cause  to be paid to the  Seller  or its  designee  the  portion  of the
Purchase Price specified above in clause  (a)(i)(B) for such Additional  Balance
in one of the  following  ways, as  applicable:  (i) for any  Collection  Period
during the Revolving Period, so long as an Amortization  Event has not occurred,
(a) a cash payment pursuant to Section  3.03(ii) of the Servicing  Agreement and
Section  2.2(a)(i)(B)  hereof in an amount  equal to the related  Draw,  if then
available from Principal Collections during the related Collection Period on the
Revolving  Credit Loans,  and (b) to the extent aggregate Draws exceed Principal
Collections for such Collection  Period, an increase in the aggregate  principal
amount of the Variable  Funding Notes and Variable  Funding  Certificates  or an
issuance of new Variable Funding Notes and Variable Funding  Certificates in the
proportions specified in the Indenture and the Trust Agreement respectively,  as
of the  Payment  Date  corresponding  to the  Collection  Period  in which  such
Additional  Balances  were  created,  equal to the  amount  by which  Additional
Balances exceeded Principal Collections for such Collection Period, and (ii) for
any  Collection  Period  after the end of the  Revolving  Period,  so long as an
Amortization  Event has not  occurred,  an increase in the  aggregate  principal
amount  of  Variable  Funding  Notes and  Variable  Funding  Certificates  or an
issuance of new Variable Funding Notes and Variable Funding  Certificates in the
proportions  specified in the Indenture and the Trust Agreement  respectively as
of each Payment  Date in an  aggregate  amount equal to the total of the related
Draws for the corresponding Collection Period.

                  Section 2.3.              Reserved.



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<PAGE>


                                                      -6-

 Section 2.4.              Variable Funding Notes on or after the Closing Date.

                  Subject to Section 4.02 of the Indenture,  if at any time, the
Seller holds Variable  Funding Notes that have reached their Maximum  Individual
Variable  Funding Note Balance,  the Purchaser agrees that, upon written request
made by the  Seller at any time,  the  Purchaser  shall use its best  reasonable
efforts to cause such Variable Funding Notes held by the Seller to be registered
for resale by the Seller pursuant to an effective  registration  statement filed
by the  Purchaser  in  accordance  with,  and meeting all  requirements  of, the
Securities Act of 1933, as amended.  The Purchaser shall use its best reasonable
efforts to cause such registration statement to become effective with respect to
such Variable  Funding  Notes as soon as  practicable  within a mutually  agreed
reasonable time period after the Seller's request.  It is contemplated that such
registration  statement  will be the shelf  registration  statement  pursuant to
which  the Term  Notes  issued on the  Closing  Date are to be  offered,  or one
substantially  similar thereto.  In connection with such registration  statement
and offering, the Seller shall reimburse the Purchaser for costs related thereto
including   registration   fees,   printing  fees,   rating  fees,  legal  fees,
accountant's  fees, blue sky  registration  fees and expenses (if any),  related
expenses  of the Credit  Enhancer  and other  out-of-pocket  costs,  if any.  In
connection with such registration  statement and related prospectus,  the Seller
shall provide the Purchaser with an updated  Revolving  Credit Loan Schedule and
all other information  reasonably necessary to assure that the statements in the
prospectus with respect to the Revolving Credit Loans and the Seller  (including
in its  capacity as servicer of the  Revolving  Credit  Loans) are  complete and
correct in all material respects as of the date of sale of such Variable Funding
Notes  by  the  Seller.  The  registration   statement  shall  not  include  any
information with respect to the Credit Enhancer, except for information approved
by the Credit Enhancer for use therein.

                  Section 2.5.              Draws After an Amortization Event.

                  In the event that an Amortization Event occurs, any Draws made
on the Revolving  Credit Loans  thereafter shall not be deemed to be "Additional
Balances" hereunder, and the ownership of the related balances shall be retained
by the Seller.  Following  an  Amortization  Event,  on any Payment  Date,  with
respect to the related Collection Period, all Interest Collections and Principal
Collections  in  respect  of each  individual  Revolving  Credit  Loan  shall be
allocated on a pro rata basis as between the 1996-HS3 LLC and the Seller,  based
on the  relative  proportions  of the  Loan  Balance  and the  Excluded  Amount,
respectively,  as of the end of the  calendar  month  immediately  prior to such
Collection Period. Any losses incurred with respect to any individual  Revolving
Credit Loan  following  an  Amortization  Event shall be allocated on a pro rata
basis between the 1996-HS3 LLC and the Seller, based on the Loan Balance and the
Excluded  Amount thereof as of the date of liquidation of such Revolving  Credit
Loan.  Notwithstanding any other provision hereof or of the Servicing Agreement,
the  payments  and  collections  allocable  to the  Excluded  Amount need not be
deposited  in  the  Custodial   Account  and  shall  not  be  deposited  in  the
Distribution Account or the Payment Account, and shall be

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<PAGE>


                                                      -7-

distributed  by the  Master  Servicer  to the Seller  not less  frequently  than
monthly in accordance with reasonable instructions provided by the Seller.

                                   ARTICLE III

                         REPRESENTATIONS AND WARRANTIES;
                               REMEDIES FOR BREACH

     Section 3.1. Seller  Representations and Warranties.  The Seller represents
and warrants to the Purchaser, as of the Closing Date (or if otherwise specified
below, as of the date so specified):
         (a)      As to the Seller:

                         (i) The Seller is a corporation duly organized, validly
         existing and in good  standing  under the laws of the State of Delaware
         and has the  corporate  power to own its  assets  and to  transact  the
         business in which it is currently engaged. The Seller is duly qualified
         to do business as a foreign corporation and is in good standing in each
         jurisdiction in which the character of the business transacted by it or
         properties  owned or leased by it requires  such  qualification  and in
         which the failure to so qualify would have a material adverse effect on
         the business,  properties,  assets or condition (financial or other) of
         the Seller;

                        (ii) The  Seller  has the power and  authority  to make,
         execute,  deliver and perform its obligations  under this Agreement and
         all of the  transactions  contemplated  under this  Agreement,  and has
         taken all  necessary  corporate  action  to  authorize  the  execution,
         delivery  and  performance  of  this   Agreement.   When  executed  and
         delivered,  this Agreement will constitute the legal, valid and binding
         obligation  of the Seller  enforceable  in  accordance  with its terms,
         except as  enforcement  of such  terms may be  limited  by  bankruptcy,
         insolvency  or similar laws  affecting  the  enforcement  of creditors'
         rights generally and by the availability of equitable remedies;

                       (iii) The Seller is not required to obtain the consent of
         any other Person or any  consent,  license,  approval or  authorization
         from, or registration or declaration with, any governmental  authority,
         bureau  or  agency  in  connection   with  the   execution,   delivery,
         performance,  validity or enforceability of this Agreement,  except for
         such consents, license, approvals or authorization,  or registration or
         declaration, as shall have been obtained or filed, as the case may be;

                        (iv) The  execution  and delivery of this  Agreement and
         the performance of the transactions  contemplated  hereby by the Seller
         will not violate any provision of any existing law or regulation or any
         order or decree of any court applicable to the Seller

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<PAGE>


                                                      -8-

         or any provision of the Certificate of  Incorporation  or Bylaws of the
         Seller,  or constitute a material  breach of any  mortgage,  indenture,
         contract or other  agreement to which the Seller is a party or by which
         the Seller may be bound; and

                         (v) No  litigation or  administrative  proceeding of or
         before any court,  tribunal or governmental body is currently  pending,
         or to the knowledge of the Seller threatened, against the Seller or any
         of its properties or with respect to this Agreement or the Certificates
         which in the  opinion  of the  Seller has a  reasonable  likelihood  of
         resulting in a material adverse effect on the transactions contemplated
         by this Agreement.

                        (vi)  This  Agreement  constitutes  a legal,  valid  and
         binding  obligation  of the Seller,  enforceable  against the Seller in
         accordance with its terms,  except as enforceability  may be limited by
         applicable bankruptcy, insolvency, reorganization,  moratorium or other
         similar laws now or hereafter in effect  affecting the  enforcement  of
         creditors' rights in general and except as such  enforceability  may be
         limited  by  general  principles  of equity  (whether  considered  in a
         proceeding at law or in equity);

                       (vii) This  Agreement  constitutes  a valid  transfer and
         assignment  to the  Purchaser  of all right,  title and interest of the
         Seller in and to the Cut-off  Date Loan  Balances  with  respect to the
         Revolving  Credit  Loans,  all monies due or to become due with respect
         thereto,  and all  proceeds of such  Cut-off  Date Loan  Balances  with
         respect to the  Revolving  Credit Loans and such funds as are from time
         to time  deposited in the Custodial  Account  (excluding any investment
         earnings  thereon)  as  assets  of the  Trust  and all  other  property
         specified in the  definition  of "Trust" as being part of the corpus of
         the Trust conveyed to the Purchaser by the Seller, and upon payment for
         the  Additional   Balances,   will  constitute  a  valid  transfer  and
         assignment  to the  Purchaser  of all right,  title and interest of the
         Seller in and to the Additional  Balances,  all monies due or to become
         due with respect thereto,  and all proceeds of such Additional Balances
         and all other property  specified in the definition of "Trust" relating
         to the Additional Balances;

                      (viii) The Seller is not in  default  with  respect to any
         order or decree of any court or any order,  regulation or demand or any
         federal,  state,  municipal or governmental agency, which default might
         have  consequences  that  would  materially  and  adversely  affect the
         condition  (financial or other) or operations of the Master Servicer or
         its  properties  or  might  have  consequences  that  would  materially
         adversely affect its performance hereunder;

         (b)      As to the Revolving Credit Loans:

                         (i) The information  set forth in the Revolving  Credit
         Loan  Schedule for such  Revolving  Credit Loans is true and correct in
         all  material  respects as of the date or dates  respecting  which such
         information is furnished;

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<PAGE>


                                                      -9-


                        (ii)  The  Cut-off  Date  Loan  Balances  have  not been
         assigned or pledged,  the Seller has good and marketable  title thereto
         and the Seller is the sole owner and holder of such  Cut-off  Date Loan
         Balances  free and clear of any and all  liens,  claims,  encumbrances,
         participation  interests,   equities,   pledges,  charges  of  security
         interests  of any nature and has full  right and  authority,  under all
         governmental  and  regulatory  bodies  having   jurisdiction  over  the
         ownership of the applicable  Revolving  Credit Loans to sell and assign
         the same pursuant to this Agreement;

                       (iii) The related Mortgage Note and the Mortgage have not
         been  assigned or  pledged,  the Seller has good and  marketable  title
         thereto  and the Seller is the sole  owner and holder of the  Revolving
         Credit Loan free and clear of any and all liens, claims,  encumbrances,
         participation  interests,   equities,   pledges,  charges  of  security
         interests  of any nature and has full  right and  authority,  under all
         governmental  and  regulatory  bodies  having   jurisdiction  over  the
         ownership of the applicable  Revolving  Credit Loans to sell and assign
         the same pursuant to this Agreement;

     (iv) To the best knowledge of the Seller, there is no valid offset, defense
or counterclaim of any obligor under any Loan Agreement or Mortgage;

     (v) To the best knowledge of the Seller,  there is no delinquent  recording
or other tax or fee or assessment lien against any related Mortgaged Property;

     (vi) To the best of Seller's  knowledge,  there is no proceeding pending or
threatened  for the  total or  partial  condemnation  of the  related  Mortgaged
Property;
                       (vii) To the best of  Seller's  knowledge,  there  are no
         mechanics'  or similar  liens or claims which have been filed for work,
         labor or material  affecting the related Mortgaged  Property which are,
         or may be liens prior or equal to, or subordinate with, the lien of the
         related  Mortgage,  except liens which are fully insured against by the
         title insurance policy referred to in clause (xi);

     (viii) As of the Cut-off Date, no Revolving Credit Loan was 30 days or more
delinquent;

     (ix) For each  Revolving  Credit Loan,  the related  Mortgage File contains
each of the documents and instruments specified to be included therein;

                         (x) The related  Mortgage Note and the related Mortgage
         at the  time  it  was  made  complied  in all  material  respects  with
         applicable local, state and federal laws;


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<PAGE>


                                                      -10-

                (xi) A policy of title  insurance in the form and amount
 required by the related  Seller's  Agreement  was  effective  as of the
 closing of each Revolving Credit Loan and each such policy is valid and
 remains in full force and effect, and a title search or other assurance
 of title  customary in the  relevant  jurisdiction  was  obtained  with
 respect to each  Revolving  Credit Loan as to which no title  insurance
 policy or binder was issued;

     (xii) None of the Mortgaged  Properties is a mobile home or a  manufactured
housing unit that is not permanently attached to its foundation;

              (xiii) As of the  Cut-off  Date no more than  63.9% of the
 Revolving Credit Loans, by aggregate principal balance,  are secured by
 Mortgaged  Properties  located in California  and no more than 13.5% of
 the Revolving Credit Loans, by aggregate principal balance, are secured
 by  Mortgaged  Properties  located  in  planned  unit  developments  or
 townhouses;

               (xiv) As of the Cut-off Date the  Combined  Loan-to-Value
 Ratio for each Revolving  Credit Loan was not in excess of 100% (except
 with respect to 3 Revolving  Credit Loans,  which were not in excess of
 101%);

                (xv)        [Reserved];

     (xvi) The Seller has not  transferred  the  Revolving  Credit  Loans to the
Purchaser with any intent to hinder, delay or defraud any of its creditors;

              (xvii) The minimum  monthly  payment  with  respect to any
 Revolving  Credit  Loan is not less than the  interest  accrued  at the
 applicable  Loan Rate on the  average  daily  Loan  Balance  during the
 interest  period  relating  to the date on which such  minimum  monthly
 payment is due;


             (xviii)  The Seller  will  submit for filing or cause to be
 submitted for filing UCC-1 financing  statements in accordance with the
 terms of this Agreement;

     (xix) Each Loan Agreement and each Mortgage is substantially similar one to
the other and is an enforceable obligation of the related Mortgagor;

     (xx) To the best knowledge of the Seller,  the physical property subject to
each Mortgage is free of material damage and is in good repair;

               (xxi) The Seller has not  received a notice of default of
 any senior mortgage loan related to a Mortgaged  Property which has not
 been cured by a party other than the related Subservicer;


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<PAGE>


                                                      -11-

     (xxii) Each of the Mortgage Notes has a substantially similar definition of
Prime as the Index applicable to the Loan Rate;

  (xxiii)        None of the Revolving Credit Loans are reverse mortgage loans;

                      (xxiv) (A) No Revolving  Credit Loan has an original  term
         to maturity  in excess of 311 months.  On each date that the Loan Rates
         have been adjusted prior to the Cut-off Date interest rate  adjustments
         on the Revolving  Credit Loans were made in compliance with the related
         Mortgage and Mortgage  Note and  applicable  law.  Over the term of any
         Revolving Credit Loan, the Loan Rate may not exceed the related Maximum
         Loan Rate,  if any.  (B) The  Revolving  Credit Loans have Maximum Loan
         Rates  which  range  between  14% and 24%.  The Gross  Margins  for the
         Revolving  Credit Loans range between 0.25% and 5.50%, and the weighted
         average  Gross Margin for the Revolving  Credit Loans is  approximately
         2.50% as of the Cut-off Date. As of the Cut-off Date, the Loan Rates on
         the  Revolving  Credit  Loans  range  between  5.00% and 17.00% and the
         weighted average Loan Rate is approximately  9.18% The weighted average
         remaining term to scheduled maturity of the Revolving Credit Loans on a
         contractual basis as of the Cut-off Date is approximately 256 months;

                       (xxv) (A) Each  Mortgaged  Property  with  respect to the
         Revolving  Credit Loans  consists of a single  parcel of real  property
         with a  single  family  residence  erected  thereon,  or an  individual
         condominium unit, planned unit development unit or townhouse.  (B) With
         respect to the  Revolving  Credit  Loans (i)  approximately  16.64% (by
         Cut-off  Date  Balance  are  secured  by  real  property   improved  by
         individual  condominium units, planned development units or townhouses,
         and (ii) approximately  82.78% (by Cut-off Date Balance) are secured by
         real property with a single family residence erected thereon;

                      (xxvi) As of the Cut-off  Date,  the Credit  Limits on the
         Revolving Credit Loans range between  approximately $5,096 and $500,000
         with an average of $40,950. As of the Cut-off Date, no Revolving Credit
         Loan had a  principal  balance in excess of $378,449  and the  weighted
         average Credit Limit  Utilization  Rate,  based on the Credit Limits of
         the Revolving Credit Loans is equal to approximately 84.80%;

     (xxvii)  Approximately  2.6% and 97.4% of the Revolving  Credit  Loans,  by
aggregate  principal  balance as of the Cut-off Date are first and second liens,
respectively;


                    (xxviii) Each Subservicer meets all applicable  requirements
         under the  Servicing  Agreement,  is properly  qualified to service the
         Revolving  Credit Loans and has been  servicing  the  Revolving  Credit
         Loans prior to the  Cut-off  Date in  accordance  with the terms of the
         respective Subservicing Agreement;

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<PAGE>


                                                      -12-


                      (xxix) For each Revolving  Credit Loan,  hazard  insurance
         and flood  insurance  has been  obtained  which  meets  all  applicable
         requirements of Section 3.04 of the Servicing Agreement;

                       (xxx) There is no material default,  breach, violation or
         event of acceleration  existing under the terms of any Mortgage Note or
         Mortgage and no event which, with notice and expiration of any grace or
         cure period, would constitute a material default,  breach, violation or
         event of acceleration under the terms of any Mortgage Note or Mortgage,
         and  no  such  material   default,   breach,   violation  or  event  of
         acceleration  has been  waived by the  Seller  or by any  other  entity
         involved in originating or servicing a Revolving Credit Loan;

                      (xxxi)  No  instrument  of  release  or  waiver  has  been
         executed  in  connection  with  the  Revolving  Credit  Loans,  and  no
         Mortgagor has been released,  in whole or in part from its  obligations
         in connection with a Revolving Credit Loan;

                     (xxxii) With respect to each Revolving  Credit Loan that is
         a second lien,  either (i) no consent for the Revolving Credit Loan was
         required by the holder of the related  prior lien or (ii) such  consent
         has been obtained and is contained in the mortgage file; and

                    (xxxiii) The Mortgage contains a customary provision for the
         acceleration  of the  payment  of the unpaid  principal  balance of the
         Revolving  Credit Loan in the event the related  Mortgaged  Property is
         sold without the prior consent of the mortgagee thereunder.

                  Upon  discovery  by Seller or upon notice from the  Purchaser,
the Credit Enhancer,  the 1996-HS3 LLC, the Owner Trustee, the Indenture Trustee
or any Custodian,  as applicable,  of a breach of any representation or warranty
in clause (a) above which materially and adversely  affects the interests of the
Securityholders or the Credit Enhancer,  as applicable,  in any Revolving Credit
Loan, the Seller shall, within 45 days of its discovery or its receipt of notice
of such breach,  either (i) cure such breach in all material respects or (ii) to
the extent  that such  breach is with  respect to a  Revolving  Credit Loan or a
Related  Document,  either (A) repurchase  such  Revolving  Credit Loan from the
1996-HS3 LLC at the  Repurchase  Price,  or (B)  substitute one or more Eligible
Substitute  Loans for such Revolving Credit Loan, in each case in the manner and
subject to the conditions and limitations set forth below.

                  Upon   discovery  by  the  Seller  or  upon  notice  from  the
Purchaser,  the Credit  Enhancer,  the  1996-HS3  LLC,  the Owner  Trustee,  the
Indenture  Trustee  or  any  Custodian,  as  applicable,  of  a  breach  of  any
representation  or warranty in this Subsection (b) with respect to any Revolving
Credit Loan, or upon the occurrence of a Repurchase Event,  which materially and
adversely affects the interests of any  Securityholders  or the Credit Enhancer,
as applicable,

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                                                      -13-

or of the  Purchaser  in such  Revolving  Credit Loan  (notice of which shall be
given to the Purchaser by the Seller, if it discovers the same), notwithstanding
the  Seller's  lack  of  knowledge   with  respect  to  the  substance  of  such
representation and warranty,  the Seller shall, within 90 days after the earlier
of its  discovery  or  receipt of notice  thereof,  either  cure such  breach or
Repurchase  Event  in all  material  respects  or  either  (i)  repurchase  such
Revolving  Credit Loan from the 1996-HS3 LLC at the  Repurchase  Price,  or (ii)
substitute one or more Eligible Substitute Loans for such Revolving Credit Loan,
in each case in the manner and subject to the  conditions  set forth below.  The
Repurchase  Price for any such Revolving  Credit Loan  repurchased by the Seller
shall be  deposited  or caused to be  deposited  by the Master  Servicer  in the
Custodial  Account  maintained  by it pursuant to Section 3.02 of the  Servicing
Agreement.

                  In the event that the Seller  elects to substitute an Eligible
Substitute  Loan or Loans for a Deleted  Loan  pursuant to this Section 3.1, the
Seller  shall  deliver to the  Custodian  on behalf of the  1996-HS3  LLC,  with
respect to such Eligible  Substitute Loan or Loans,  the original  Mortgage Note
and all other documents and agreements as are required by Section  2.1(c),  with
the Mortgage Note endorsed as required by Section 2.1(c).  No substitution  will
be made in any  calendar  month  after the  Determination  Date for such  month.
Monthly  Payments due with respect to Eligible  Substitute Loans in the month of
substitution  shall not be part of the Owner  Trust and will be  retained by the
Master  Servicer and  remitted by the Master  Servicer to the Seller on the next
succeeding  Payment  Date,  provided  that  a  payment  at  least  equal  to the
applicable  Minimum  Monthly  Payment has been received by the Owner Trust,  for
such  month in  respect  of the  Deleted  Loan.  For the month of  substitution,
distributions  to the Distribution  Account pursuant to the Servicing  Agreement
will  include  the  Monthly  Payment  due on a Deleted  Loan for such  month and
thereafter  the Seller  shall be  entitled  to retain all  amounts  received  in
respect of such Deleted  Loan.  The Master  Servicer  shall amend or cause to be
amended  the  Revolving  Credit  Loan  Schedule  to reflect  the removal of such
Deleted Loan and the  substitution of the Eligible  Substitute Loan or Loans and
the Master Servicer shall deliver the amended  Revolving Credit Loan Schedule to
the Owner Trustee. Upon such substitution, the Eligible Substitute Loan or Loans
shall be subject to the terms of this  Agreement and the Servicing  Agreement in
all respects,  the Seller shall be deemed to have made the  representations  and
warranties  with respect to the Eligible  Substitute  Loan contained  herein set
forth in Section 3.1(b) (other than clauses  (viii),  (xiii),  (xiv)  (xxiv)(B),
(xxv)(B),  (xxvi), and (xxvii) thereof) as of the date of substitution,  and the
Seller  shall  be  obligated  to  repurchase  or  substitute  for  any  Eligible
Substitute Loan as to which a Repurchase  Event has occurred as provided herein.
In connection with the substitution of one or more Eligible Substitute Loans for
one or more Deleted Loans,  the Master  Servicer will determine the amount (such
amount,  a  "Substitution  Adjustment  Amount"),  if any, by which the aggregate
principal  balance  of all  such  Eligible  Substitute  Loans  as of the date of
substitution  is less than the aggregate  principal  balance of all such Deleted
Loans (after application of the principal portion of the Monthly Payments due in
the month of  substitution  that are to be distributed to the Payment Account in
the  month of  substitution).  The  Seller  shall  deposit  the  amount  of such
shortfall  into the Custodial  Account on the day of  substitution,  without any
reimbursement therefor.

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<PAGE>


                                                      -14-


                  Upon receipt by the 1996-HS3 LLC and the  Custodian of written
notification,  signed by a Servicing Officer,  of the deposit of such Repurchase
Price or of such substitution of an Eligible  Substitute Loan (together with the
complete  related  Mortgage  File) and  deposit of any  applicable  Substitution
Adjustment  Amount as provided above,  the Custodian,  on behalf of the 1996-HS3
LLC shall  release to the Seller the  related  Mortgage  File for the  Revolving
Credit Loan being  repurchased  or  substituted  for and the  1996-HS3 LLC shall
execute and deliver such  instruments of transfer or assignment  prepared by the
Master Servicer, in each case without recourse, as shall be necessary to vest in
the Seller or its designee such Revolving  Credit Loan released  pursuant hereto
and thereafter such Revolving  Credit Loan shall not be an asset of the 1996-HS3
LLC.

                  It is understood  and agreed that the obligation of the Seller
to cure any breach,  or to repurchase or  substitute  for, any Revolving  Credit
Loan as to which such a breach has occurred and is continuing  shall,  except to
the extent provided in Section 6.1 of this Agreement, constitute the sole remedy
respecting  such breach  available  to the  Purchaser,  the  1996-HS3  LLC,  the
Certificateholders  (or the Owner  Trustee on behalf of the  Certificateholders)
and the  Noteholders  (or the  Indenture  Trustee on behalf of the  Noteholders)
against the Seller.

                  It is  understood  and  agreed  that the  representations  and
warranties  set  forth  in  this  Section  3.1  shall  survive  delivery  of the
respective Mortgage Files to the 1996-HS3 LLC, or its Custodians.


                                   ARTICLE IV

                               SELLER'S COVENANTS

                  Section  4.1.  Covenants  of the  Seller.  The  Seller  hereby
covenants  that,  except for the transfer  hereunder,  the Seller will not sell,
pledge,  assign or  transfer to any other  Person,  or grant,  create,  incur or
assume any Lien on any Revolving  Credit Loan, or any interest  therein,  except
with respect to any Excluded Amount; the Seller will notify the 1996-HS3 LLC, as
assignee of the Purchaser,  of the existence of any Lien (other than as provided
above) on any Revolving Credit Loan immediately upon discovery thereof;  and the
Seller  will  defend the right,  title and  interest  of the  1996-HS3  LLC,  as
assignee of the Purchaser,  in, to and under the Revolving  Credit Loans against
all claims of third  parties  claiming  through or under the  Seller;  provided,
however,  that nothing in this Section 4.1 shall be deemed to apply to any Liens
for municipal or other local taxes and other governmental  charges if such taxes
or  governmental  charges  shall  not at the time be due and  payable  or if the
Seller shall  currently  be  contesting  the  validity  thereof in good faith by
appropriate proceedings.



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<PAGE>


                                                      -15-

                                    ARTICLE V

                                    SERVICING

                  Section 5.1. Servicing.  The Seller will service the Revolving
Credit Loans pursuant to the terms and conditions of the Servicing Agreement and
will  service  the  Revolving  Credit  Loans  directly  or  through  one or more
sub-servicers in accordance therewith.


                                   ARTICLE VI

                          INDEMNIFICATION BY THE SELLER
                   WITH RESPECT TO THE REVOLVING CREDIT LOANS

                  Section 6.1.  Indemnification  With  Respect to the  Revolving
Credit Loans.  The Seller shall  indemnify and hold harmless the Purchaser  from
and against any loss, liability or expense arising from the breach by the Seller
of its  representations  and warranties in Section 3.1 of this  Agreement  which
materially  and  adversely  affects the  Purchaser's  interest in any  Revolving
Credit Loan or from the failure by the Seller to perform its  obligations  under
this Agreement in any material  respect,  provided that the Seller shall have no
obligation  to  indemnify  the  Purchaser  in respect of any loss,  liability or
expense  that arises as a result of the  Purchaser's  willful  malfeasance,  bad
faith or  negligence  or as a  result  of the  breach  by the  Purchaser  of its
obligations hereunder.

                  Section 6.2.  Limitation  on Liability of the Seller.  None of
the  directors,  officers,  employees or agents of the Seller shall be under any
liability  to the  Purchaser,  it  being  expressly  understood  that  all  such
liability  is  expressly   waived  and  released  as  a  condition  of,  and  as
consideration for, the execution of this Agreement.  Except as and to the extent
expressly provided in the Servicing Agreement, the Seller shall not be under any
liability to the 1996-HS3 LLC, the Owner Trust, the Owner Trustee, the Indenture
Trustee or the Securityholders.  The Seller and any director,  officer, employee
or agent of the Seller may rely in good faith on any  document of any kind prima
facie  properly  executed  and  submitted by any Person  respecting  any matters
arising hereunder.


                                   ARTICLE VII

                                   TERMINATION

     Section 7.1. Termination.  The respective  obligations and responsibilities
of the Seller and the Purchaser  created hereby shall terminate,  except for the
Seller's indemnity
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<PAGE>


                                                      -16-

obligations  as  provided  herein,  upon the  termination  of the  1996-HS3  LLC
pursuant to the terms of the Operating Agreement.


                                  ARTICLE VIII

                            MISCELLANEOUS PROVISIONS

                  Section 8.1.  Amendment.  This  Agreement  may be amended from
time to time by the Seller and the Purchaser by written  agreement signed by the
Seller and the Purchaser, with the consent of the Credit Enhancer (which consent
shall not be unreasonably withheld).

                  Section 8.2.           GOVERNING LAW. THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN  ACCORDANCE  WITH THE LAWS OF THE
STATE OF NEW YORK
AND THE  OBLIGATIONS,  RIGHTS AND  REMEDIES  OF THE PARTIES  HEREUNDER 
SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                  Section 8.3. Notices. All demands,  notices and communications
hereunder  shall be in  writing  and shall be deemed to have been duly  given if
personally delivered at or mailed by registered mail, postage prepaid, addressed
as follows:

                  (i)      if to the Seller:

                                    Residential Funding Corporation
                                    8400 Normandale Lake Boulevard
                                    Suite 700
                                    Minneapolis, Minnesota  55437
                                    Attention:  Home Equity Loan Trust 1996-HS3

or, such other address as may hereafter be furnished to the Purchaser in
 writing by the Seller.

                  (ii)     if to the Purchaser:

                Residential Funding Mortgage Securities II, Inc.
                                    8400 Normandale Lake Boulevard
                                    Suite 700
                                    Minneapolis, Minnesota 55437
                                    Attention:  Home Equity Loan Trust 1996-HS3

or such other address as may hereafter be furnished to the Seller in writing
 by the Purchaser.


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<PAGE>


                                                      -17-

                  Section 8.4. Severability of Provisions. If any one or more of
the covenants,  agreements,  provisions of terms of this Agreement shall be held
invalid for any reason whatsoever, then such covenants,  agreements,  provisions
or terms shall be deemed  severable  from the remaining  covenants,  agreements,
provisions or terms of this Agreement and shall in no way affect the validity of
enforceability of the other provisions of this Agreement.

                  Section 8.5. Relationship of Parties. Nothing herein contained
shall be deemed or construed to create a partnership  or joint  venture  between
the  parties  hereto,  and the  services  of the Seller  shall be rendered as an
independent contractor and not as agent for the Purchaser.

                  Section 8.6.  Counterparts.  This Agreement may be executed in
one or  more  counterparts  and by the  different  parties  hereto  on  separate
counterparts, each of which, when so executed, shall be deemed to be an original
and such counterparts, together, shall constitute one and the same agreement.

     Section 8.7. Further Agreements. The Purchaser and the Seller each agree to
execute  and  deliver to the other such  additional  documents,  instruments  or
agreements as may be necessary or appropriate to effectuate the purposes of this
Agreement.


                  Section 8.8. Intention of the Parties.  It is the intention of
the parties that the  Purchaser is  purchasing,  and the Seller is selling,  the
Revolving  Credit  Loans,  rather  than a loan by the  Purchaser  to the  Seller
secured by the Revolving  Credit  Loans.  Accordingly,  the parties  hereto each
intend to treat the transaction for Federal income tax purposes as a sale by the
Seller,  and a purchase by the  Purchaser,  of the Revolving  Credit Loans.  The
Purchaser  will have the  right to review  the  Revolving  Credit  Loans and the
Related Documents to determine the characteristics of the Revolving Credit Loans
which will affect the Federal  income tax  consequences  of owning the Revolving
Credit Loans and the Seller will cooperate with all reasonable  requests made by
the Purchaser in the course of such review.

                  Section  8.9.  Successors  and  Assigns;  Assignment  of  This
Agreement.  This  Agreement  shall  bind  and  inure  to the  benefit  of and be
enforceable  by the  Seller,  Purchaser  and  their  respective  successors  and
assigns.  The obligations of the Seller under this Agreement  cannot be assigned
or delegated to a third party without the consent of the Credit Enhancer and the
Purchaser,  which consent shall be at the Purchaser's  sole  discretion,  except
that the Purchaser and the Credit Enhancer acknowledge and agree that the Seller
may assign its  obligations  hereunder to any  Affiliate  of the Seller,  to any
Person  succeeding  to the business of the Seller,  to any Person into which the
Seller is merged and to any Person  resulting  from any  merger,  conversion  or
consolidation  to which the Seller is a party.  The parties  hereto  acknowledge
that the Purchaser is acquiring  the  Revolving  Credit Loans for the purpose of
contributing  them to the  1996-HS3  LLC who will in turn  transfer  the Class A
Ownership  Interest  in the  1996-HS3  LLC to an Owner  Trust  that  will  issue
Certificates  representing  interests  in and  Notes  secured  by  such  Class A
Ownership Interest. As an inducement to the Purchaser to

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<PAGE>


                                                      -18-

purchase the Revolving Credit Loans, the Seller acknowledges and consents to (i)
the  assignment by the  Purchaser to the 1996-HS3 LLC of all of the  Purchaser's
rights  against  the Seller  pursuant to this  Agreement  insofar as such rights
relate to  Revolving  Credit  Loans  transferred  to the 1996-HS3 LLC and to the
enforcement  or exercise of any right or remedy  against the Seller  pursuant to
this  Agreement by the 1996-HS3  LLC,  (ii) the  enforcement  or exercise of any
right or remedy against the Seller pursuant to this Agreement by or on behalf of
the Issuer as Managing  Member and holder of the Class A Ownership  Interest and
(iii) the  Issuer's  pledge of its interest in this  Agreement to the  Indenture
Trustee and the enforcement by the Indenture Trustee of any such right or remedy
against  the Seller  following  an Event of Default  under the  Indenture.  Such
enforcement  of a right  or  remedy  by the  1996-HS3  LLC,  the  Issuer  or the
Indenture Trustee, as applicable, shall have the same force and effect as if the
right or remedy had been enforced or exercised by the Purchaser directly.

     Section 8.10.  Survival.  The representations and warranties made herein by
the Seller and the provisions of Article VI hereof shall survive the purchase of
the Revolving Credit Loans hereunder.

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<PAGE>


                                                      -19-

                  IN WITNESS  WHEREOF,  the Seller and the Purchaser have caused
their names to be signed to this  Revolving  Credit Loan  Purchase  Agreement by
their respective officers thereunto duly authorized as of the day and year first
above written.

                                            RESIDENTIAL FUNDING MORTGAGE
                                              SECURITIES II, INC.
                                                     as Purchaser


                                            By:
                                            Name: Diane Wold
                                            Title:            Vice President



                                            RESIDENTIAL FUNDING CORPORATION
                                                     as Seller


                                            By:
                                            Name: Randy Van Zee
                                           Title:            Director


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<PAGE>


                                    Exhibit 1

                         REVOLVING CREDIT LOAN SCHEDULE



Loan Number Servicer Loan # Purpose Borrower
Address
City State Zip Code Curr Rate Original Term Remaining Term
Property Type Occp Code
Prod Code
Credit Limit Principal Bal Appr Value Note Date
Teas Exp Date
Maturity Date
CLTV Margin Ceiling Lien Position Sr Lien Amt Debt Ratio


OR 9.25 2 141990000500001 1795 B ST NE 81 $19,800.94 12/16/20 76 $52053
1/16/96 97301 299 05 1.00 2500001 $20,000. Salem
35 4/16/96 06 290 1 18.00 $95,000.

CA 10.5 2 106990000500003 9334 Skyline  91 $31,209.8 1/26/21 90 $284000
1/26/96 94611 300 05 2.25 2500003 $35,500. Oakland
33 4/26/96 06 291 1 18.00 $355,000.


CA 11. 2 106990000500004 3898 Sheffield  91 $38,731.16 1/24/21 90 $316000
1/24/96 94506 300 03 2.75 2500004 $39,000. Danville
35 4/24/96 06 291 1 18.00 $395,000.

CA 11. 2 106990000500011 11990 Jack Pine  91 $34,562.02 12/19/20 89 $98892
1/19/96 96003 299 05 2.75 2500011 $35,000. Redding
41 4/19/96 06 290 1 18.00 $152,000.


CA 9. 2 106990000500026 954 Stone  81 $78,657.3 1/24/21 75 $1120000
1/24/96 90077 300 05 0.75 2500026 $80,000. Los Angeles
28 4/24/96 06 291 1 18.00 $1,600,000.

CA 10.5 2 106990000500028 2229 Lake Oaks  80 $29,872.35 1/30/11 90 $240000
1/30/96 94553 180 05 2.25 2500028 $30,000. Martinez
38 4/30/96 06 172 1 18.00 $300,000.


CA 11.5 2 106990000500029 3873 E Orleans  91 $8,123.37 12/18/20 90 $38000
1/18/96 93702 299 05 3.25 2500029 $11,500. Fresno
32 4/18/96 06 290 1 18.00 $55,000.

CA 8.75 2 106990000500032 413 Murray AVE 81 $38,118.62 12/23/20 77 $186125
1/23/96 95003 299 05 0.50 2500032 $40,000. Aptos
33 4/23/96 06 290 1 18.00 $297,000.



CA 12. 2 106990000500040 636 Doral DR 91 $23,917.03 12/22/20 90 $192000
1/22/96 94526 299 09 3.75 2500040 $24,000. Danville
43 4/22/96 06 290 1 18.00 $240,000.

CA 10.5 2 106990000500046 36 Iris ST 91 $33,239.32 12/16/20 90 $270400
1/16/96 94062 299 05 2.25 2500046 $33,800. Redwood City
34 4/16/96 00 290 1 18.00 $338,000.


CA 10.5 2 106990000500050 110 El Camino 91 $14,195.52 12/10/20 84 $145600
1/10/96 95066 299 05 2.25 2500050 $18,200. Scotts Valley
41 4/10/96 00 290 1 18.00 $195,000.






AZ 9.25 2 104990000500054 9280 N Jessy LN 81 $7,838.88 12/19/20 65 $63000
1/19/96 85741 299 03 1.00 2500054 $15,000. Tucson
45 4/19/96 06 290 1 18.00 $120,000.

CA 11. 2 106990000500056 11675 McCarthy  91 $35,495.93 12/22/20 89 $203150
1/22/96 93924 299 05 2.75 2500056 $36,000. Carmel Valley
45 4/22/96 06 290 1 18.00 $270,000.


CO 10.5 2 108990000500058 7911 S Cedar ST 91 $11,374.38 12/15/20 90 $120000
1/15/96 80120 299 05 2.25 2500058 $15,000. Littleton
36 4/15/96 06 290 1 18.00 $150,000.

CA 10.5 2 106990000500059 20341 Eastwood  91 $33,457.04 12/25/20 84 $207000
1/25/96 90503 299 05 2.25 2500059 $50,000. Torrance
39 4/25/96 06 290 1 18.00 $307,000.


CA 9. 2 106990000500071 747 Warner AVE 80 $47,156.52 1/2/11 71 $650000
2/2/96 90024 179 05 0.75 2500071 $50,000. Los Angeles
30 4/2/96 06 171 1 18.00 $995,000.

CA 11.5 2 106990000500072 236 Park LN 91 $98,346.21 2/2/11 85 $1360000
2/2/96 94027 180 03 3.25 2500072 $100,000. Atherton
37 5/2/96 06 172 1 18.00 $1,725,000.



CA 10.5 2 106990000500073 6133 Hill RD 91 $47,493.66 2/5/11 89 $480000
2/5/96 94618 180 05 2.25 2500073 $50,000. Oakland
35 5/5/96 06 172 1 18.00 $600,000.

CA 8.75 2 106990000500074 141 Suburbia  81 $21,206.21 2/6/11 76 $130000
2/6/96 95062 180 05 0.50 2500074 $25,000. Santa Cruz
40 5/6/96 00 172 1 18.00 $205,000.


CA 11. 2 106990000500076 221 Via Paraiso 91 $27,477.27 1/1/21 84 $207000
2/1/96 93940 299 05 2.75 2500076 $27,500. Monterey
16 5/1/96 06 291 1 18.00 $280,000.

CA 9.5 2 106990000500078 135 Ashdale AVE 81 $83,114.79 2/7/21 80 $545000
2/7/96 90049 300 05 1.25 2500078 $100,000. Los Angeles
28 5/7/96 06 292 1 18.00 $815,000.


CA 11. 2 106990000500080 556 Hacienda DR 91 $84,695.52 1/30/21 90 $207000
1/30/96 95066 300 05 2.75 2500080 $85,500. Scotts Valley
40 4/30/96 06 292 1 18.00 $325,000.






CA 8.75 2 106990000500083 49 Las Flores DR 81 $24,263.67 12/8/20 80 $177000
1/8/96 91910 299 03 0.50 2500083 $25,000. Chula Vista
37 4/8/96 06 290 1 18.00 $253,000.

CA 10.5 2 106990000500084 1569 Willowgate  91 $16,287.42 12/31/20 89 $176000
1/31/96 95118 299 05 2.25 2500084 $17,800. San Jose
35 5/1/96 06 291 1 18.00 $220,000.


CA 10.25 2 106990000500085 641 I AVE 91 $30,440.93 12/29/20 88 $344000
1/29/96 92118 299 05 2.00 2500085 $31,000. Coronado
23 4/29/96 06 290 1 18.00 $430,000.

CA 10.5 2 106990000500086 19971 Crow  91 $13,526.2 2/8/11 89 $280800
2/8/96 94552 180 03 2.25 2500086 $30,000. Castro Valley
34 5/8/96 06 172 1 18.00 $351,000.




CA 10.5 2 106990000500097 108 Rockridge LN 91 $22,549.31 1/5/21 86 $328000
2/5/96 95060 299 05 2.25 2500097 $24,000. Santa Cruz
33 5/5/96 06 291 1 18.00 $410,000.

CA 10.5 2 106990000500098 545 Oakvale TER 91 $9,873.36 2/8/11 85 $328000
2/8/96 94596 180 05 2.25 2500098 $20,500. Walnut Creek
35 5/8/96 06 172 1 18.00 $410,000.


CA 11. 2 106990000500100 4742 Aires CT 90 $31,749.65 2/15/11 90 $161250
2/15/96 94550 180 05 2.75 2500100 $32,250. Livermore
38 5/15/96 06 172 1 18.00 $215,000.

CA 9.5 2 106990000500114 4990 Foothill  81 $43,839.33 12/26/20 79 $135000
1/26/96 92109 299 05 1.25 2500114 $50,000. San Diego
25 4/26/96 06 290 1 18.00 $235,000.


CA 10.5 2 106990000500115 2860 Old Oak LN 91 $33,394.94 12/31/20 89 $272000
1/31/96 95037 299 03 2.25 2500115 $34,000. Morgan Hill
34 5/1/96 00 291 1 18.00 $347,000.

CA 10.25 2 106990000500116 23609 W Falcon  91 $21,405.15 1/8/21 90 $178300
2/8/96 91354 299 03 2.00 2500116 $22,300. Valencia Area
29 5/8/96 00 291 1 18.00 $223,000.


CA 10.25 2 106990000500117 2988 Childers LN 91 $35,599.54 1/8/21 90 $207000
2/8/96 95062 299 05 2.00 2500117 $36,000. Santa Cruz
30 5/8/96 06 291 1 18.00 $270,000.






CA 10.5 2 106990000500118 432 Monterey DR 91 $7,240.16 1/12/21 90 $181600
2/12/96 95003 299 05 2.25 2500118 $22,700. Apton
39 5/12/96 06 291 1 18.00 $227,000.

CA 10.5 2 106990000500119 4494 Hock Maple  91 $38,568.42 1/9/21 90 $195000
2/9/96 94521 299 03 2.25 2500119 $39,000. Concord
44 5/9/96 06 291 1 18.00 $260,000.




CA 12. 2 106990000500122 813 Ramona  91 $40,200.56 1/9/11 94 $172000
2/9/96 95020 179 05 3.75 2500122 $40,500. Gilroy
34 5/9/96 06 171 1 18.00 $228,000.

CA 12. 2 106990000500123 139 Mt. Kennedy  91 $36,304.9 1/13/21 93 $325000
2/13/96 94553 299 05 3.75 2500123 $36,400. Martinez
45 5/13/96 06 291 1 18.00 $392,000.


CA 10.5 2 106990000500145 9798 Alcosta  91 $34,826.08 1/9/21 90 $288000
2/9/96 94583 299 05 2.25 2500145 $36,000. San Ramon
42 5/9/96 00 291 1 18.00 $360,000.

CA 11.5 2 106990000500149 10329 Northvale  91 $25,047.55 2/9/21 86 $370000
2/9/96 90064 300 05 3.25 2500149 $39,000. Los Angeles
49 5/9/96 06 292 1 18.00 $480,000.


CA 12. 2 106990000500151 1196 Sunnyhills  91 $48,904.7 1/13/11 94 $292000
2/13/96 94610 179 05 3.75 2500151 $49,000. Oakland
44 5/13/96 06 171 1 18.00 $365,000.

CA 12. 2 106990000500152 2138 Woodside  91 $27,833.76 1/16/11 95 $93431
2/16/96 92243 179 05 3.75 2500152 $28,100. El Centro
25 5/16/96 06 171 1 18.00 $128,000.


CA 11.5 2 106990000500154 1924 Monroe ST 91 $33,962.62 1/9/11 98 $188000
2/9/96 95050 179 05 3.25 2500154 $40,000. Santa Clara
45 0 06 171 1 18.00 $235,000.

CA 10.5 2 106990000500155 202 Westridge DR 91 $34,468.32 1/20/11 90 $203000
2/20/96 95050 179 05 2.25 2500155 $35,500. Santa Clara
38 5/20/96 06 171 1 18.00 $265,000.


CA 11. 2 106990000500156 17400 Phillips RD 91 $78,898.36 2/22/21 90 $646000
2/22/96 95032 300 05 2.75 2500156 $80,750. Los Gatos
44 5/22/96 00 292 1 18.00 $807,500.







<PAGE>
CA 8.75 2 106990000500157 39572 Wilford CT 81 $24,765.03 2/21/21 80 $139000
2/21/96 94538 300 05 0.50 2500157 $29,000. Fremont
37 5/21/96 06 292 1 18.00 $210,000.

CA 9.25 2 106990000500160 26487 Palomares  80 $159,872.06 2/22/11 79 $286000
2/22/96 94552 180 05 1.00 2500160 $160,000. Castro Valley
16 8/22/96 06 172 1 18.00 $565,000.


CA 10.25 2 106990000500163 259 N Layton DR 81 $67,820.61 2/15/11 77 $900000
2/15/96 90049 180 05 2.00 2500163 $100,000. Los Angeles
49 0 06 172 1 18.00 $1,300,000.

CA 10.5 2 106990000500164 638 Glenside DR 91 $34,393.08 2/23/11 90 $279200
2/23/96 94549 180 05 2.25 2500164 $34,900. Lafayette
33 5/23/96 00 172 1 18.00 $349,000.


GA 11. 2 113990000500165 896 Faye DR 91 $15,833.31 1/2/21 91 $69823
2/2/96 30144 299 05 2.75 2500165 $16,100. Kennesaw
39 8/2/96 06 291 1 18.00 $95,000.

CA 11. 2 106990000500170 2519 Prospect DR 91 $41,226.37 1/16/21 90 $180000
2/16/96 91784 299 05 2.75 2500170 $88,200. Upland
44 5/16/96 00 291 1 18.00 $300,000.


CA 11. 2 106990000500172 3105 3105 91 $38,324.86 1/21/21 85 $303750
2/21/96 94558 299 05 2.75 2500172 $40,000. Napa
47 5/21/96 06 291 1 18.00 $405,000.

CA 9.25 2 106990000500177 740 Tundbridge  81 $37,919.21 1/20/21 75 $207000
2/20/96 94526 299 03 1.00 2500177 $40,000. Danville
35 5/20/96 06 291 1 18.00 $333,000.


CA 10.5 2 106990000500178 3465 Valley Vista  91 $48,131.53 2/27/11 90 $243750
2/27/96 94596 180 05 2.25 2500178 $48,750. Walnut Creek
43 8/27/96 00 172 1 18.00 $325,000.

CA 10.25 2 106990000500182 1810 Creek RD 91 $30,522.75 1/23/21 89 $284000
2/23/96 94550 299 03 2.00 2500182 $31,000. Livermore
26 5/23/96 06 291 1 18.00 $355,000.



<PAGE>
CA 10.5 2 106990000500186 161 N Le Doux  91 $32,984.12 1/15/21 90 $272000
2/15/96 90211 299 05 2.25 2500186 $34,000. Beverly Hills
35 8/15/96 00 291 1 18.00 $340,000.






CA 11. 2 106990000500187 2029 W Pueblo  91 $19,536.84 1/6/21 95 $165000
2/6/96 94588 299 05 2.75 2500187 $44,000. Napa
31 8/6/96 06 291 1 18.00 $220,000.

CA 10.75 2 106990000500191 7026 Senalda RD 91 $55,204.56 1/21/21 90 $448000
2/21/96 90068 299 05 2.50 2500191 $56,000. Los Angeles
30 5/21/96 06 291 1 18.00 $560,000.


CA 11.5 2 106990000500200 5418 Playa Del  91 $26,635.88 1/16/21 90 $153750
2/16/96 95123 299 05 3.25 2500200 $30,000. San Jose
32 8/16/96 06 291 1 18.00 $205,000.

CA 12. 2 106990000500201 467 Ariel CT 92 $20,705.53 1/12/11 100 $187200
2/12/96 95123 179 05 3.75 2500201 $20,800. San Jose
42 0 06 171 1 18.00 $208,000.


NV 10.5 2 132990000500210 515 Piney Creek  91 $47,954.12 1/20/21 88 $347000
2/20/96 89511 299 05 2.25 2500210 $49,000. Reno
40 8/20/96 00 291 1 18.00 $450,000.

CA 11.5 2 106990000500212 3973 Lonesome  91 $83,830.64 1/8/21 90 $325000
2/8/96 94061 299 05 3.25 2500212 $98,000. Redwood City
37 8/8/96 06 291 1 18.00 $470,000.


CA 9.75 2 106990000500213 22425 Santa  81 $73,292.91 12/12/20 62 $323000
2/12/96 95014 298 05 1.50 2500213 $75,000. Cupertino
42 4/12/96 06 290 1 18.00 $645,000.

CA 11.75 2 106990000500214 5913 Mariners CT 91 $23,301.78 1/13/21 95 $218000
2/13/96 95758 299 05 3.50 2500214 $43,000. Elk Grove
29 8/13/96 06 291 1 18.00 $275,000.



<PAGE>
CA 8.75 2 106990000500220 2302 Hopkins  81 $18,858.37 1/22/21 55 $160000
2/22/96 94062 299 05 0.50 2500220 $50,000. Redwood City
28 0 06 291 1 18.00 $385,000.

CA 12. 2 106990000500224 1358 Norton AVE 91 $43,808.76 1/23/11 95 $239298
2/23/96 91202 179 05 3.75 2500224 $45,000. Glendale
42 8/23/96 06 171 1 18.00 $300,000.


CA 11.5 2 106990000500225 6576 Deer  91 $13,178.53 1/6/21 90 $495800
2/6/96 95120 299 05 3.25 2500225 $61,900. San Jose
50 5/6/96 00 291 1 18.00 $620,000.






CA 12. 2 106990000500226 17578 Tuscan DR 91 $36,653.92 1/23/11 89 $146122
2/23/96 91344 179 05 3.75 2500226 $45,000. Los Angeles
50 8/23/96 06 171 1 18.00 $215,000.

WA 11. 2 153990000500227 22241 NE 31st ST 91 $14,461.97 1/2/21 85 $256000
2/2/96 98053 299 05 2.75 2500227 $15,000. Redmond
38 8/2/96 00 291 1 18.00 $320,000.


CA 10.5 2 106990000500237 4414  91 $24,429.48 1/26/21 90 $200000
2/26/96 93021 299 03 2.25 2500237 $25,000. Moorpark
39 8/26/96 00 291 1 18.00 $250,000.

CA 11.5 2 106990000500240 1485 San  91 $44,479.84 2/22/11 95 $240000
2/22/96 91720 180 05 3.25 2500240 $45,000. Corona
40 5/22/96 06 172 1 18.00 $300,000.


CA 8.75 2 106990000500241 327 Isbel DR 81 $34,322.82 2/23/21 62 $195000
2/23/96 95060 300 05 0.50 2500241 $50,000. Santa Cruz
38 5/23/96 06 292 1 18.00 $400,000.

CA 11. 2 106990000500242 65 Milano CT 91 $40,932.6 2/26/11 88 $332000
2/26/96 94526 180 05 2.75 2500242 $41,500. Danville
48 5/26/96 00 172 1 18.00 $428,000.



<PAGE>
CA 11.5 2 106990000500243 807 Casa Blanca  91 $46,894.88 2/22/11 95 $220000
2/22/96 92632 180 05 3.25 2500243 $46,950. Fullerton
43 5/22/96 06 172 1 18.00 $281,000.

CA 10.5 2 106990000500244 23352 Deerfield  91 $30,749.2 1/27/21 90 $324000
2/27/96 95030 299 05 2.25 2500244 $40,500. Los Gatos
36 5/28/96 00 291 1 18.00 $405,000.


CA 10.5 2 106990000500247 14681 Charter  91 $27,547.88 1/23/21 90 $174750
2/23/96 93907 299 05 2.25 2500247 $34,950. Salinas
35 5/23/96 00 291 1 18.00 $233,000.

CA 11. 2 106990000500249 1236 Hawthorne  90 $98,480.24 2/28/11 88 $346125
2/28/96 94501 180 05 2.75 2500249 $100,000. Alameda
33 5/28/96 06 173 1 18.00 $510,000.


CA 10.5 2 106990000500251 7 Russet 91 $47,105.23 2/27/11 90 $207000
2/27/96 92679 180 03 2.25 2500251 $47,950. Dove Canyon
33 5/27/96 00 172 1 18.00 $285,000.






CA 11.5 2 106990000500252 991 Clinton PL 91 $24,448.82 1/23/21 90 $204400
2/23/96 94566 299 03 3.25 2500252 $25,500. Pleasanton
37 5/24/96 06 291 1 18.00 $255,500.

CA 11.5 2 106990000500253 1014 Las Posas 91 $44,138.55 1/22/11 87 $175179
2/22/96 92673 179 05 3.25 2500253 $50,000. San Clemente
40 5/22/96 06 171 1 18.00 $260,000.


CA 10.5 2 106990000500257 23057 Espada DR 91 $26,271.63 1/28/21 89 $204197
2/28/96 93905 299 05 2.25 2500257 $30,000. Salinas
48 5/28/96 06 291 1 18.00 $265,000.

CA 10.25 2 106990000500258 3525 Hillcrest DR 91 $35,289.88 1/27/21 84 $303750
2/27/96 94002 299 05 2.00 2500258 $36,250. Belmont
23 5/27/96 06 291 1 18.00 $405,000.



<PAGE>
CA 10.5 2 106990000500261 9 Baypoint  91 $29,183.69 2/1/21 90 $239200
3/1/96 94901 299 09 2.25 2500261 $29,900. San Rafael
38 6/1/96 00 292 1 18.00 $299,000.

CA 11. 2 106990000500268 533 Fernwood DR 91 $49,306.04 1/27/21 95 $280000
2/27/96 93030 299 05 2.75 2500268 $50,000. Oxnard
41 5/27/96 06 291 1 18.00 $350,000.


WA 11.5 2 153990000500272 4103 SW Othello  91 $22,169.01 1/28/21 87 $146250
2/28/96 98136 299 05 3.25 2500272 $22,700. Seattle
45 8/28/96 06 291 1 18.00 $195,000.

CA 11. 2 106990000500276 520 Cambrian DR 91 $8,176.5 1/21/21 85 $255000
2/21/96 95008 299 05 2.75 2500276 $50,000. Campbell
50 8/21/96 06 291 1 18.00 $360,000.


CA 10.5 2 106990000500277 34 Todd CT 91 $42,000. 2/28/11 90 $421600
2/28/96 94526 180 03 2.25 2500277 $50,000. Danville
49 5/28/96 06 173 1 18.00 $527,000.

CA 11. 2 106990000500278 4 El Camino  91 $11,782.85 3/1/11 90 $272000
3/1/96 94556 180 05 2.75 2500278 $35,800. Moraga
41 3/31/96 06 173 1 18.00 $342,000.


CA 11. 2 106990000500279 2323 Lincoln  91 $31,124.88 1/29/21 84 $199872
2/29/96 94122 299 07 2.75 2500279 $50,000. San Francisco
44 5/29/96 06 291 1 18.00 $300,000.






CA 11. 2 106990000500281 1308 San  91 $48,751.81 3/6/21 90 $618000
3/6/96 90402 300 05 2.75 2500281 $77,250. Santa Monica
45 6/6/96 06 293 1 18.00 $772,500.

CA 11. 2 106990000500284 1685 Pembroke  81 $56,389.07 1/13/21 77 $460000
2/13/96 91362 299 03 2.75 2500284 $57,500. Westlake Village
39 8/13/96 00 291 1 18.00 $680,000.



<PAGE>
CA 11.5 2 106990000500285 1024 Helen AVE 91 $16,649.4 1/15/21 83 $127000
2/15/96 95051 299 09 3.25 2500285 $17,000. Santa Clara
51 8/15/96 06 291 1 18.00 $174,500.

WA 10.5 2 153990000500287 26106 132nd ST  91 $36,987.7 1/16/21 90 $89000
2/16/96 98272 299 05 2.25 2500287 $37,000. Monroe
36 8/16/96 06 291 1 18.00 $141,500.


CA 11. 2 106990000500288 427 Coelho ST 91 $19,886.85 1/13/21 86 $142500
2/13/96 95035 299 05 2.75 2500288 $20,000. Milpitas
49 8/13/96 06 291 1 18.00 $190,000.

CA 9. 2 106990000500289 18 Carlene CT 81 $17,267.77 12/29/20 70 $129899
1/29/96 95019 299 05 0.75 2500289 $20,000. Freedom
29 7/29/96 06 290 1 18.00 $215,000.


CA 11.25 2 106990000500301 2900 Sycamore  91 $114,597.74 3/8/21 90 $650000
3/8/96 93108 300 05 3.00 2500301 $115,000. Santa Barbara
48 5/8/96 06 293 1 18.00 $850,000.

CA 11.5 2 106990000500304 44 Vicenza CT 91 $41,674.83 2/28/21 88 $339750
2/28/96 94526 300 03 3.25 2500304 $42,400. Danville
39 5/28/96 00 293 1 18.00 $435,000.


CA 8.75 2 106990000500313 893 Nevada AVE 81 $10,742.87 1/22/21 80 $180000
2/22/96 95125 299 05 0.50 2500313 $11,000. San Jose
43 8/22/96 06 291 1 18.00 $240,000.

CA 11. 2 106990000500315 14110 Red Rock  91 $90,806.24 1/15/21 90 $492000
2/15/96 95602 299 03 2.75 2500315 $93,000. Auburn
36 8/15/96 06 291 1 18.00 $650,000.


CA 9.25 2 106990000500317 1990 Waring ST 81 $3,829.79 1/13/21 74 $149000
2/13/96 93955 299 05 1.00 2500317 $50,000. Seaside
36 8/13/96 06 291 1 18.00 $270,000.







<PAGE>
CA 9.25 2 106990000500339 1610 Aldrich  81 $33,727.9 1/21/21 80 $126000
2/21/96 95121 299 05 1.00 2500339 $33,900. San Jose
35 8/21/96 06 291 1 18.00 $200,000.

CA 11.5 2 106990000500345 2075 W Princeton  92 $13,453.17 1/22/11 100 $143950
2/22/96 95204 179 05 3.25 2500345 $16,000. Stockton
42 0 06 171 1 18.00 $160,000.


CA 12. 2 106990000500347 1765 Tahoe CIR 91 $28,643.44 1/27/11 95 $179947
2/27/96 95376 179 05 3.75 2500347 $29,000. Tracy
38 5/27/96 06 171 1 18.00 $220,000.

CA 11.5 2 106990000500364 398 Beverly PL 91 $45,749.07 1/23/21 90 $187000
2/23/96 94044 299 05 3.25 2500364 $47,000. Pacifica
39 8/23/96 06 291 1 18.00 $260,000.


CA 10.5 2 106990000500366 31345 Corte  91 $24,767.69 3/8/21 89 $207000
3/8/96 92592 300 05 2.25 2500366 $50,000. Temecula
37 6/8/96 06 293 1 18.00 $291,000.

CA 11. 2 106990000500374 187 Ramona RD 91 $32,078.73 1/27/21 90 $218000
2/27/96 94526 299 05 2.75 2500374 $33,000. Danville
49 8/27/96 06 291 1 18.00 $280,000.


WA 11.5 2 153990000500381 2605 196th ST SE 91 $43,812.96 1/23/11 100 $102000
2/23/96 98012 179 05 3.25 2500381 $44,000. Bothell
42 0 06 171 1 18.00 $147,000.

WA 10.5 2 153990000500382 15303 173rd  91 $13,597.38 1/23/21 90 $111900
2/23/96 98272 299 05 2.25 2500382 $13,900. Monroe
39 8/23/96 00 291 1 18.00 $141,000.


CA 8.75 2 106990000500384 6052 Montecito  81 $36,419.66 1/23/21 80 $207000
2/23/96 92647 299 05 0.50 2500384 $37,000. Huntington Beach
30 5/23/96 06 291 1 18.00 $305,000.

CA 11. 2 106990000500385 1818 La Granada  91 $44,278.44 1/29/11 90 $148641
2/29/96 91360 179 05 2.75 2500385 $44,800. Thousand Oaks
41 8/29/96 06 171 1 18.00 $215,000.



<PAGE>
CA 8.75 2 106990000500386 1117 Starwood PL 81 $18,848.8 12/11/20 79 $390000
1/11/96 95120 299 05 0.50 2500386 $20,000. San Jose
32 7/11/96 06 290 1 18.00 $520,000.






CA 10.5 2 106990000500387 4499 Madoc  91 $25,001.84 2/4/21 88 $206400
3/4/96 95130 299 05 2.25 2500387 $25,800. San Jose
38 6/4/96 00 292 1 18.00 $265,000.

CA 9.75 2 106990000500388 124 Wilder AVE 81 $24,909.74 1/28/21 55 $198000
2/28/96 95030 299 05 1.50 2500388 $38,000. Los Gatos
50 8/28/96 06 291 1 18.00 $430,000.


NV 11. 2 132990000500389 3105 High Range  91 $73,853.8 2/1/11 90 $207000
3/1/96 89134 179 03 2.75 2500389 $75,200. Las Vegas
41 9/1/96 00 172 1 18.00 $315,000.

WA 12. 2 153990000500390 10014 Roosevelt  91 $29,995.89 2/4/11 99 $126000
3/4/96 98125 179 05 3.75 2500390 $30,000. Seattle
50 0 00 172 1 18.00 $159,000.


CA 11.5 2 106990000500391 222 N  92 $34,295.1 2/6/11 100 $343805
3/6/96 92669 179 05 3.25 2500391 $35,000. Orange
33 0 06 172 1 18.00 $380,000.

WA 11. 2 153990000500395 406 168th AVE  91 $23,979.58 2/11/21 88 $150000
3/11/96 98008 299 05 2.75 2500395 $25,000. Bellevue
48 9/11/96 06 292 1 18.00 $200,000.


CA 9.25 2 106990000500396 2176 Diamond ST 81 $26,231.58 2/8/11 66 $244000
3/8/96 92109 179 05 1.00 2500396 $50,000. San Diego
34 9/8/96 06 172 1 18.00 $450,000.

WA 10.5 2 153990000500397 13510 173rd PL  91 $15,956.91 2/11/21 90 $166500
3/11/96 98052 299 03 2.25 2500397 $33,300. Redmond
45 9/11/96 06 292 1 18.00 $222,000.



<PAGE>
WA 9.25 2 153990000500398 1924 172nd AVE  81 $131,897.17 2/8/21 80 $80373
3/8/96 98008 299 05 1.00 2500398 $134,000. Bellevue
42 9/8/96 06 292 1 18.00 $268,000.

GA 11.5 2 113990000500399 2720 Zachary  92 $14,981.29 2/8/11 100 $107000
3/8/96 30064 179 03 3.25 2500399 $15,000. Marietta
44 0 06 172 1 18.00 $122,000.


CA 9.25 2 106990000500401 9275 Flicker PL 81 $49,235.36 1/29/11 64 $500000
2/29/96 90069 179 05 1.00 2500401 $50,000. Los Angeles
33 8/29/96 06 171 1 18.00 $860,000.






CA 10.5 2 106990000500402 1919 Concannon  91 $22,276.37 2/4/21 90 $123000
3/4/96 94561 299 05 2.25 2500402 $24,600. Oakley
24 9/4/96 06 292 1 18.00 $164,000.

CA 10.5 2 106990000500403 2793 Lucena DR 91 $38,153.08 2/8/21 90 $192700
3/8/96 95132 299 05 2.25 2500403 $38,500. San Jose
32 6/8/96 06 292 1 18.00 $257,000.


CA 10.25 2 106990000500404 323 Duperu DR 91 $11,801.74 2/6/21 88 $254500
3/6/96 94525 299 03 2.00 2500404 $25,000. Crockett
27 9/6/96 06 292 1 18.00 $320,000.

WA 10.5 2 153990000500410 11717 NE 107th  91 $22,197.87 1/28/21 90 $123000
2/28/96 98662 299 05 2.25 2500410 $24,600. Vancouver
42 8/28/96 06 291 1 18.00 $164,000.


GA 10.25 2 113990000500413 2752 Fireside CT 91 $9,840.59 2/8/21 90 $88000
3/8/96 30067 299 05 2.00 2500413 $11,000. Marietta
21 9/8/96 06 292 1 18.00 $110,000.

WA 8.75 1 153990000500414 1009 15th ST SE 81 $17,157.98 2/8/21 30 $0
3/8/96 98372 299 05 0.50 2500414 $37,000. Puyallup
50 9/8/96 06 292 1 18.00 $125,000.



<PAGE>
CA 10.5 2 106990000500415 11 Buccaneer ST 91 $9,838.48 2/13/21 81 $197000
3/13/96 90292 299 01 2.25 2500415 $10,000. Marina Del Rey
37 9/13/96 00 292 1 18.00 $257,000.

CA 9. 1 106990000500416 17125 Calahan ST 81 $188,725.16 2/15/21 69 $0
3/15/96 91325 299 05 0.75 2500416 $192,000. Northridge
27 9/15/96 06 292 1 18.00 $280,000.


CA 11. 2 106990000500418 3461 Yellowtail  91 $38,369.11 2/11/21 90 $201000
3/11/96 90720 299 05 2.75 2500418 $39,000. Los Alamitos
36 9/11/96 06 292 1 18.00 $268,000.

CA 8.75 2 106990000500419 5176 Carm AVE 81 $11,385.2 2/8/21 37 $72400
3/8/96 95124 299 05 0.50 2500419 $11,600. San Jose
34 9/8/96 06 292 1 18.00 $233,000.


GA 10.5 2 113990000500421 2151 Chartley PL 91 $13,209.4 2/8/21 87 $121200
3/8/96 30062 299 03 2.25 2500421 $15,100. Marietta
35 6/8/96 00 292 1 18.00 $157,000.






CA 11.5 2 106990000500422 19927 Ahwanee  91 $25,096.46 2/14/11 95 $231756
3/14/96 91326 179 03 3.25 2500422 $29,400. Northridge
37 9/14/96 06 172 1 18.00 $275,000.

CA 10.5 2 106990000500424 3064 Rosato CT 91 $15,573.16 2/11/21 90 $286400
3/11/96 95135 299 05 2.25 2500424 $35,800. San Jose
34 6/11/96 06 292 1 18.00 $358,000.


CA 8.75 2 106990000500425 4510 Alhambra  81 $28,910.9 1/28/21 80 $196000
2/28/96 94553 299 05 0.50 2500425 $50,000. Martinez
43 8/28/96 06 291 1 18.00 $310,000.

CA 11. 2 106990000500426 401 Santa  91 $57,206.43 2/19/21 88 $462400
3/19/96 94022 299 05 2.75 2500426 $57,800. Los Altos
44 6/19/96 00 292 1 18.00 $592,000.



<PAGE>
CA 12. 2 106990000500428 19584 Lake  91 $39,070.31 2/11/11 95 $127692
3/11/96 94546 179 05 3.75 2500428 $40,000. Castro Valley
50 9/11/96 06 172 1 18.00 $178,000.

CA 12. 2 106990000500429 3730 Granite  91 $29,998.27 2/11/11 95 $169500
3/11/96 95311 179 05 3.75 2500429 $30,000. Coulterville
44 0 06 172 1 18.00 $212,000.


CA 12. 2 106990000500450 18 Exeter CT 91 $34,975.1 2/19/11 92 $190450
3/19/96 94558 179 05 3.75 2500450 $35,700. Napa
45 9/19/96 00 172 1 18.00 $246,000.

CA 11. 2 106990000500451 27462 Via  91 $50,500.32 2/18/21 90 $192726
3/18/96 92692 299 05 2.75 2500451 $54,700. Mission Viejo
39 9/18/96 06 292 1 18.00 $275,000.


CA 12. 2 106990000500452 8301 Dressage  91 $51,642.62 2/13/11 99 $316000
3/13/96 95829 179 05 3.75 2500452 $75,000. Sacramento
45 0 06 172 1 18.00 $395,000.

WA 12. 2 153990000500453 5907 53rd AVE  91 $49,993.15 2/19/11 97 $133000
3/19/96 98335 179 05 3.75 2500453 $50,000. Gig Harbor
50 0 06 172 1 18.00 $189,000.


CA 10.5 2 106990000500456 Elvis DR 91 $32,046.66 2/19/21 90 $180000
3/19/96 95123 299 05 2.25 2500456 $36,000. San Jose
43 9/19/96 06 292 1 18.00 $240,000.






CA 10.5 2 106990000500458 374 N Waverly  91 $11,706.65 2/16/21 90 $135900
3/16/96 92666 299 05 2.25 2500458 $17,000. Orange
38 9/16/96 06 292 1 18.00 $170,000.

CA 12. 2 106990000500459 737 Bowcreek DR 91 $34,846.97 2/15/11 94 $206500
3/15/96 91765 179 05 3.75 2500459 $45,000. Diamond Bar
41 0 06 172 1 18.00 $270,000.



<PAGE>
CA 10.5 2 106990000500461 10431 Whipple  91 $30,459. 2/15/21 89 $248000
3/15/96 91602 299 05 2.25 2500461 $31,000. Toluca Lake Area
29 9/15/96 06 292 1 18.00 $315,000.

WA 11.75 2 153990000500465 4201 144th LN SE 91 $25,059.3 2/15/11 95 $136000
3/15/96 98006 179 05 3.50 2500465 $25,500. Bellevue
29 9/15/96 06 172 1 18.00 $170,000.


CA 10.5 2 106990000500466 1817 Radcliff CT 91 $8,883.56 2/13/21 87 $131988
3/13/96 95376 299 05 2.25 2500466 $20,000. Tracy
39 9/13/96 06 292 1 18.00 $175,000.

CA 11.5 2 106990000500467 1025 N Kings RD 91 $17,492.69 2/8/21 90 $75751
3/8/96 90069 299 01 3.25 2500467 $17,800. West Hollywood
48 9/8/96 06 292 1 18.00 $104,000.


WA 11.5 2 153990000500469 11405 NE 94th ST 91 $39,951.03 2/15/11 95 $204000
3/15/96 98033 179 05 3.25 2500469 $42,000. Kirkland
42 9/15/96 06 172 1 18.00 $259,000.

GA 11.5 2 113990000500470 3670 Doroco DR 91 $33,511.51 2/15/11 92 $136800
3/15/96 30340 179 05 3.25 2500470 $34,200. Atlanta
40 0 06 172 1 18.00 $186,000.


CA 11.5 2 106990000500471 3024 Monroe ST 91 $88,754.36 2/16/21 85 $129240
3/16/96 95051 299 05 3.25 2500471 $90,000. Santa Clara
50 9/16/96 06 292 1 18.00 $260,000.

CA 11. 2 106990000500503 1531 Jenvey AVE 91 $24,206.78 2/25/21 89 $196000
3/25/96 95125 299 05 2.75 2500503 $24,500. San Jose
40 6/25/96 00 292 1 18.00 $249,500.


CA 10.5 2 106990000500504 2263 Stratford DR 91 $19,080.24 2/20/21 90 $183000
3/20/96 95124 299 05 2.25 2500504 $23,000. San Jose
39 9/20/96 06 292 1 18.00 $230,000.







<PAGE>
CA 11. 2 106990000500506 13062 E  91 $38,867.78 2/18/21 90 $189000
3/18/96 93021 299 05 2.75 2500506 $39,600. Moorpark
43 9/18/96 06 292 1 18.00 $254,000.

CA 11. 2 106990000500509 1887 Marview DR 91 $69,885.26 3/7/21 90 $240000
3/7/96 91362 300 05 2.75 2500509 $70,500. Thousand Oaks
41 6/7/96 06 293 1 18.00 $345,000.


CA 9.5 2 106990000500548 3415 Sweetwater  81 $296,828.62 3/27/21 60 $1355841
3/27/96 90265 300 05 1.25 2500548 $300,000. Malibu
29 6/27/96 06 293 1 18.00 $2,800,000.

CA 10.5 2 106990000500550 4863 Starflower  91 $24,793.82 2/22/21 90 $127500
3/22/96 94553 299 09 2.25 2500550 $25,500. Martinez
29 9/22/96 06 292 1 18.00 $170,000.


CA 12. 2 106990000500564 31389 Pahuta ST 91 $33,958.81 3/8/11 95 $191250
3/8/96 92592 180 05 3.75 2500564 $51,000. Temecula
40 6/8/96 06 173 1 18.00 $255,000.

CA 12. 2 106990000500588 1034 Tres Casas  91 $39,781.2 2/6/11 92 $347200
3/6/96 94598 179 05 3.75 2500588 $50,000. Walnut Creek
40 6/6/96 06 172 1 18.00 $434,000.


CA 10.5 2 106990000500590 314 Sirena Del  91 $34,682.15 2/4/21 90 $176250
3/4/96 93933 299 05 2.25 2500590 $35,250. Marina
39 6/5/96 00 292 1 18.00 $235,000.

CA 11.5 2 106990000500591 1764 Lexington  91 $41,169.26 2/12/21 90 $332000
3/12/96 94402 299 05 3.25 2500591 $41,500. San Mateo
38 6/12/96 06 292 1 18.00 $415,000.


CA 10.25 2 106990000500592 743 Nacional CT 91 $29,389.13 2/11/21 90 $207000
3/11/96 93901 299 05 2.00 2500592 $29,700. Salinas
27 6/11/96 00 292 1 18.00 $263,040.

CA 10.25 2 106990000500593 738 Calero ST 91 $36,195.08 3/15/21 90 $187500
3/15/96 95035 300 05 2.00 2500593 $37,500. Milpitas
28 6/15/96 06 293 1 18.00 $250,000.



<PAGE>
CA 11. 2 106990000500594 221 Elder CT 90 $25,768.8 3/15/11 87 $369600
3/15/96 94583 180 05 2.75 2500594 $28,400. San Ramon
39 6/14/96 06 173 1 18.00 $462,000.






CA 10.5 2 106990000500595 2210 Vizcaya CIR 91 $33,886.23 3/11/21 90 $299900
3/11/96 95124 300 09 2.25 2500595 $37,400. San Jose
32 6/11/96 00 293 1 18.00 $375,000.

CA 11. 2 106990000500596 24451 Peacock ST 91 $22,545.17 2/5/21 90 $159000
3/5/96 92630 299 03 2.75 2500596 $24,000. Lake Forest
38 6/5/96 06 292 1 18.00 $204,000.


CA 10.5 2 106990000500598 4038 35th AVE 91 $28,323.63 3/19/21 90 $143250
3/19/96 94619 300 05 2.25 2500598 $28,650. Oakland
32 6/19/96 00 293 1 18.00 $191,000.

CA 11.75 2 106990000500605 1122  92 $23,769.6 2/20/11 100 $229450
3/20/96 94080 179 05 3.50 2500605 $25,000. So San Francisco
38 0 06 172 1 18.00 $255,000.


CA 12.5 2 106990000500606 1457 Benedict  91 $72,988.72 2/22/11 99 $509956
3/12/96 90210 179 05 4.25 2500606 $75,000. Beverly Hills
46 0 06 172 1 18.00 $595,000.

CA 11. 2 106990000500625 1251 9th ST 91 $75,467.3 2/26/21 90 $615200
3/26/96 90266 299 05 2.75 2500625 $76,900. Manhattan Beach
39 9/26/96 00 292 1 18.00 $769,000.


CA 11.5 2 106990000500626 5122 Topeka DR 91 $50,830.46 2/22/21 87 $411600
3/22/96 91356 299 05 3.25 2500626 $51,400. Tarzana Area
33 6/22/96 00 292 1 18.00 $535,000.

CA 10.5 2 106990000500628 2309 Venn AVE 91 $22,714.71 2/11/21 90 $184800
3/11/96 95124 299 05 2.25 2500628 $23,100. San Jose
36 9/11/96 00 292 1 18.00 $231,000.



<PAGE>
CA 11.5 2 106990000500630 1170 Larkspur DR 91 $40,559.48 3/21/11 96 $220800
3/21/96 94550 180 05 3.25 2500630 $50,000. Livermore
32 6/21/96 06 173 1 18.00 $285,000.

CA 10.5 2 106990000500639 1172 Scotland DR 91 $13,797.53 2/15/21 88 $207000
3/15/96 95014 299 05 2.25 2500639 $20,000. Cupetino
42 6/15/96 06 292 1 18.00 $260,000.


CA 11. 2 106990000500641 4964 Moorpark  91 $49,098.26 2/21/21 90 $227000
3/21/96 95129 299 05 2.75 2500641 $49,700. San Jose
50 6/21/96 06 292 1 18.00 $307,500.






CA 11. 2 106990000500642 976 Spencer AVE 91 $15,931.23 2/22/11 88 $129600
3/22/96 95125 179 05 2.75 2500642 $16,200. San Jose
46 9/22/96 06 172 1 18.00 $166,000.

CA 11. 2 106990000500645 246 Arency CT 90 $56,788.54 3/22/11 89 $460000
3/22/96 94506 180 05 2.75 2500645 $57,500. Danville
36 6/22/96 00 173 1 18.00 $585,000.


CA 9.25 2 106990000500646 435 Camille CIR 80 $52,505.55 3/23/11 80 $155916
3/23/96 95134 180 09 1.00 2500646 $63,000. San Jose
44 6/24/96 06 173 1 18.00 $275,000.

CA 10.5 2 106990000500653 20607 Roscoe  91 $12,795.59 3/29/21 84 $90000
3/29/96 91306 300 01 2.25 2500653 $15,000. Los Angeles
34 6/29/96 06 293 1 18.00 $125,000.


CA 11.25 2 106990000500654 8348 Lichen DR 91 $18,545.97 2/27/21 90 $93750
3/27/96 95621 299 05 3.00 2500654 $18,700. Citrus Heights
28 9/27/96 06 292 1 18.00 $125,000.

CA 12. 2 106990000500655 3710 Glendridge  91 $40,976.03 2/26/11 95 $400000
3/26/96 91423 179 05 3.75 2500655 $41,700. Sherman Oaks
44 9/26/96 06 172 1 18.00 $465,000.



<PAGE>
CA 12. 2 106990000500656 3703 Cedarwood  92 $12,746. 2/22/11 101 $82421
3/22/96 93560 179 05 3.75 2500656 $12,800. Rosamond
46 0 06 172 1 18.00 $95,000.

WA 9.25 1 153990000500657 201 N Nancy  81 $37,728.12 2/28/21 70 $0
3/28/96 98802 299 05 1.00 2500657 $118,300. East Wenatchee
33 9/28/96 06 293 1 18.00 $170,000.


CA 11. 2 106990000500658 441 Olive ST 91 $49,030.05 2/20/21 90 $487500
3/20/96 94025 299 05 2.75 2500658 $97,500. Menlo Park
43 6/20/96 00 292 1 18.00 $655,000.

CA 11. 2 106990000500659 2664 Stoner AVE 91 $24,718.39 3/21/21 90 $199500
3/21/96 90064 300 05 2.75 2500659 $25,000. Los Angeles
38 6/21/96 06 293 1 18.00 $250,000.


WA 10.5 2 153990000500662 15412 SE 304th  91 $18,121.13 2/22/21 90 $93000
3/22/96 98042 299 05 2.25 2500662 $18,600. Kent
40 9/22/96 06 292 1 18.00 $124,000.






GA 8.75 2 113990000500663 1735 Rising Mist  81 $14,716.34 2/28/21 76 $207000
3/28/96 30131 299 03 0.50 2500663 $15,000. Cumming
35 9/28/96 00 293 1 18.00 $295,000.

GA 10.25 2 113990000500665 5193 Ozark LN 91 $24,839.75 2/27/21 89 $127500
3/27/96 30062 299 03 2.00 2500665 $25,500. Marietta
24 9/27/96 00 292 1 18.00 $172,000.


CA 11. 2 106990000500666 76 Seagull DR 91 $5,159.6 3/22/21 90 $255000
3/22/96 94804 300 03 2.75 2500666 $50,000. Richmond
40 6/22/96 06 293 1 18.00 $340,000.

CA 12. 2 106990000500667 4921 Hewes LN 91 $44,766.24 2/13/11 95 $192285
3/13/96 95118 179 05 3.75 2500667 $45,200. San Jose
37 6/13/96 06 172 1 18.00 $250,000.



<PAGE>
CA 11.75 2 106990000500673 1014 Balboa AVE 91 $49,525.65 2/18/11 94 $292000
3/18/96 95010 179 05 3.50 2500673 $50,000. Capitola
19 6/18/96 06 172 1 18.00 $365,000.

CA 11. 2 106990000500674 691 Cree DR 91 $15,632.65 2/14/21 88 $176000
3/14/96 95123 299 05 2.75 2500674 $15,800. San Jose
48 6/14/96 06 292 1 18.00 $220,000.


CA 11.5 2 106990000500675 21 Old Rogers  91 $50,716.67 2/18/21 90 $256100
3/18/96 94523 299 05 3.25 2500675 $51,200. Pleasant Hill
37 6/18/96 00 292 1 18.00 $342,000.

CA 12. 2 106990000500677 35 Alta Sierra PL 91 $49,454.39 3/25/11 93 $312000
3/25/96 94507 180 05 3.75 2500677 $50,000. Alamo
35 6/25/96 00 173 1 18.00 $390,000.


CA 12. 2 106990000500679 661 Dunhill DR 91 $52,227.24 2/20/11 97 $366011
3/20/96 94506 179 03 3.75 2500679 $100,000. Danville
43 0 06 172 1 18.00 $485,000.

CA 8.75 2 106990000500681 3861 Royal  81 $19,742.89 3/29/21 79 $346000
3/29/96 91403 300 05 0.50 2500681 $20,000. Sherman Oaks
43 6/29/96 06 293 1 18.00 $465,000.


CA 9. 2 106990000500682 4404 The Strand 81 $153,879.22 3/27/21 76 $821010
3/27/96 90266 300 01 0.75 2500682 $200,000. Manhattan Beach
26 6/27/96 06 293 1 18.00 $1,350,000.






CA 10.5 2 106990000500683 3011 Ludell CT 90 $3,124.16 3/29/11 90 $165000
3/29/96 94596 180 05 2.25 2500683 $33,000. Walnut Creek
34 6/29/96 06 173 1 18.00 $220,000.

CA 9.25 2 106990000500684 2073 Coldwater  81 $193,421.59 3/28/21 80 $644500
3/28/96 90210 300 05 1.00 2500684 $199,500. Beverly Hills
31 6/28/96 06 293 1 18.00 $1,055,000.



<PAGE>
CA 11.5 2 106990000500685 4410 Jana Vista 91 $61,201.15 3/26/21 84 $75000
3/26/96 94803 300 05 3.25 2500685 $62,000. El Sobrante
49 6/26/96 06 293 1 18.00 $164,000.

CA 10.5 2 106990000500686 115 Shelley AVE 91 $19,409.01 2/25/21 90 $162400
3/25/96 95008 299 09 2.25 2500686 $20,300. Campbell
40 6/25/96 00 292 1 18.00 $203,000.


CA 10.5 2 106990000500687 227 Ada AVE 91 $30,799.43 2/27/21 89 $168750
3/27/96 94043 299 01 2.25 2500687 $31,250. Mountain View
31 6/27/96 00 292 1 18.00 $225,000.

CA 12. 2 106990000500695 6017 Crosel CT 91 $18,757.12 2/27/11 96 $120000
3/27/96 95252 179 05 3.75 2500695 $19,000. Valley Springs
43 6/27/96 06 172 1 18.00 $145,000.


CA 9.25 2 106990000500705 122 Lomita DR 81 $24,820.56 2/22/21 80 $202510
3/22/96 94941 299 05 1.00 2500705 $29,000. Mill Valley
36 6/22/96 06 292 1 18.00 $290,000.

CA 10.5 2 106990000500711 1393 Lobelia CT 91 $40,159.26 4/2/21 89 $206350
4/2/96 94550 300 05 2.25 2500711 $41,250. Livermore
38 7/2/96 00 294 1 18.00 $280,000.


CA 9.25 2 106990000500713 10040  81 $98,061.8 2/26/21 72 $295000
3/26/96 90210 299 05 1.00 2500713 $100,000. Los Angeles
44 9/26/96 06 292 1 18.00 $550,000.

ID 11.5 2 116990000500714 3252 Sky Harbor  91 $22,312.15 2/27/21 90 $129000
3/27/96 83814 299 03 3.25 2500714 $25,800. Coeur D'Alene
48 6/27/96 06 292 1 18.00 $172,000.


WA 10.25 2 153990000500715 11510 Seola  91 $39,275.3 2/28/21 89 $171000
3/28/96 98146 299 05 2.00 2500715 $50,000. Seattle
21 9/28/96 06 293 1 18.00 $250,000.







<PAGE>
CA 10.5 2 106990000500716 4370 Farmdale  91 $4,142.01 2/28/21 90 $175484
3/29/96 91604 298 05 2.25 2500716 $24,000. Studio City
39 9/29/96 06 293 1 18.00 $223,000.

CA 7.25 2 106990000500719 409 S Fernwood  91 $34,403.03 3/1/11 95 $187200
4/1/96 94086 179 05 3.75 2500719 $35,100. Sunnyvale
41 10/1/96 00 173 1 18.00 $234,000.


CA 11.5 2 106990000500721 79 Risel AVE 91 $48,794.79 2/28/21 90 $148000
3/29/96 94014 298 05 3.25 2500721 $49,800. Daly City
50 9/29/96 06 293 1 18.00 $220,000.

CA 10.5 2 106990000500722 1593 Sabina  91 $24,675.62 2/28/21 90 $160000
3/29/96 95118 298 05 2.25 2500722 $29,000. San Jose
36 6/29/96 06 293 1 18.00 $210,000.


CA 12.25 2 106990000500725 3225  90 $34,019.81 4/2/11 100 $250800
4/2/96 95148 180 05 4.00 2500725 $34,200. San Jose
49 0 06 174 1 18.00 $285,000.

CA 10.5 2 106990000500727 322 Mount Sierra  91 $27,296.78 2/28/21 90 $240800
3/29/96 94517 298 03 2.25 2500727 $30,100. Clayton
39 9/29/96 06 293 1 18.00 $301,000.


WA 9.25 1 153990000500728 30610 "n" PL 81 $48,990.08 2/28/21 56 $0
3/28/96 98640 299 05 1.00 2500728 $50,000. Ocean Park
45 9/28/96 06 293 1 18.00 $90,000.

CA 11. 2 106990000500730 1646 N Ravenna  91 $32,337.84 2/28/21 90 $165000
3/29/96 90744 298 05 2.75 2500730 $33,000. Wilmington Area
25 9/29/96 06 293 1 18.00 $220,000.


WA 7.25 2 153990000500732 6119 19th CT NE 81 $9,516.7 3/1/11 80 $138000
4/1/96 98052 179 05 1.00 2500732 $10,000. Redmond
38 10/1/96 06 173 1 18.00 $187,000.

CA 7.25 2 106990000500749 1305 Johnson ST 90 $33,528.51 4/4/11 90 $740000
4/4/96 94025 180 05 2.75 2500749 $92,500. Menlo Park
26 10/4/96 00 174 1 18.00 $925,000.



<PAGE>
CA 7.25 2 106990000500750 20992 Shadow  91 $34,263.55 3/2/21 83 $178362
4/2/96 92679 299 03 3.25 2500750 $35,000. Trabuco Canyon
50 10/2/96 06 293 1 18.00 $258,000.






CA 7.25 2 106990000500751 4 Shadyside 81 $43,240.92 3/2/21 73 $207000
4/2/96 92679 299 03 1.00 2500751 $100,000. Coto De Caza
20 10/2/96 06 293 1 18.00 $422,000.

CA 11.25 2 106990000500756 55 DOWITCHER  91 $33,437.19 4/2/21 90 $271200
4/2/96 94901 300 09 3.00 2500756 $33,900. SAN RAFEAL
45 7/2/96 00 294 1 18.00 $340,000.


WA 7.25 2 153990000500757 20345 191st AVE  91 $17,466.94 3/4/21 90 $180000
4/4/96 98072 299 05 2.75 2500757 $58,000. Woodinville
30 10/4/96 00 293 1 18.00 $265,000.

WA 7.25 2 153990000500762 10047 177th  91 $12,792.01 3/2/21 84 $207000
4/2/96 98052 299 05 2.25 2500762 $19,500. Redmond
44 10/2/96 06 293 1 18.00 $270,000.


CA 11. 2 106990000500765 19665  91 $59,048.43 3/3/21 90 $252649
4/3/96 91789 299 05 2.75 2500765 $60,000. Walnut
22 7/3/96 06 293 1 18.00 $350,000.

CA 7.25 2 106990000500766 1719 Fabian DR 91 $46,667.37 3/5/21 90 $207000
4/5/96 95124 299 05 2.25 2500766 $48,600. San Jose
36 10/5/96 06 293 1 18.00 $284,000.


CA 7.25 2 106990000500767 4020 Hollyline  91 $98,646.1 3/2/21 90 $748000
4/2/96 91423 299 05 2.50 2500767 $100,000. Sherman Oaks
14 10/2/96 06 293 1 18.00 $945,000.

CA 12. 2 106990000500768 809 Roosevelt  90 $33,406.15 4/4/11 90 $169500
4/4/96 94061 180 05 3.75 2500768 $33,900. Redwood City
43 7/4/96 06 174 1 18.00 $226,000.



<PAGE>
CA 12.25 2 106990000500769 70 Sharon ST 90 $26,841.82 4/5/11 100 $103000
4/5/96 94565 180 05 4.00 2500769 $27,000. Pittsburg
33 0 06 174 1 18.00 $130,000.

CA 9.25 2 106990000500771 1052 Glacier AVE 81 $28,499.26 3/4/21 80 $200000
4/4/96 94044 299 05 1.00 2500771 $37,000. Pacifica
49 7/4/96 06 293 1 18.00 $297,000.


CA 10.25 2 106990000500772 2442 Michele  91 $23,041.04 2/26/21 90 $188000
3/26/96 95050 299 09 2.00 2500772 $23,500. Santa Clara
26 6/26/96 06 292 1 18.00 $235,000.






CA 11. 2 106990000500773 10210 California  91 $24,647.23 3/1/21 90 $187508
3/29/96 95005 299 05 2.75 2500773 $49,100. Ben Lomond
29 6/29/96 06 293 1 18.00 $263,000.

CA 10.5 2 106990000500776 722 27th AVE 91 $38,774.97 4/8/21 90 $202500
4/8/96 94121 300 05 2.25 2500776 $40,500. San Francisco
45 7/8/96 00 294 1 18.00 $270,000.


CA 10.5 2 106990000500778 3218 Montevideo  91 $10,894.18 2/26/21 81 $207000
3/26/96 94583 299 05 2.25 2500778 $25,000. San Ramon
30 6/26/96 00 292 1 18.00 $288,000.

CA 12. 2 106990000500779 8768 N Spalding  91 $19,703.28 3/5/11 93 $169769
4/5/96 93720 179 05 3.75 2500779 $20,000. Fresno
39 7/5/96 06 173 1 18.00 $205,000.


CA 11. 2 106990000500780 719 Torreya CT 91 $53,152.41 3/3/21 90 $432000
4/3/96 94303 299 05 2.75 2500780 $54,000. Palo Alto
45 7/3/96 06 293 1 18.00 $540,000.

CA 11. 2 106990000500782 3906 Cottonwood  91 $57,077.43 3/4/21 85 $435000
4/4/96 94506 299 03 2.75 2500782 $58,000. Danville
42 7/4/96 06 293 1 18.00 $580,000.



<PAGE>
CA 11. 2 106990000500783 8 Corte Lado 91 $18,040.87 3/4/21 84 $118272
4/4/96 94553 299 05 2.75 2500783 $20,000. Martinez
50 7/4/96 06 293 1 18.00 $165,000.

CA 10.5 2 106990000500785 1021 N Beverly  91 $41,229.45 4/10/21 90 $336000
4/10/96 90077 300 05 2.25 2500785 $42,000. Los Angeles
45 7/10/96 06 294 1 18.00 $420,000.


CA 10.5 2 106990000500786 25 Leeds CT W 90 $34,679.92 4/9/11 89 $288000
4/9/96 94526 180 03 2.25 2500786 $35,500. Danville
33 7/9/96 06 174 1 18.00 $366,000.

CA 11. 2 106990000500788 1399 Chesterton  91 $97,191.22 4/10/21 89 $536250
4/10/96 94596 300 05 2.75 2500788 $100,000. Walnut Creek
33 7/10/96 06 294 1 18.00 $715,000.


CA 7.25 2 106990000500790 1107 Regency  91 $23,878.4 3/9/11 89 $130400
4/9/96 96148 179 05 3.25 2500790 $24,400. Kings Beach
41 10/9/96 00 173 1 18.00 $175,000.






CA 7.25 2 106990000500791 3411 Country  81 $66,843.71 3/4/21 79 $517000
4/4/96 91208 299 05 1.50 2500791 $100,000. Glendale
48 10/4/96 06 293 1 18.00 $785,000.

CA 7.25 2 106990000500792 1506 Park ST 91 $19,383.72 3/4/21 88 $116250
4/4/96 95242 299 05 2.75 2500792 $20,000. Lodi
41 10/4/96 06 293 1 18.00 $155,000.


CA 7.25 2 106990000500793 7400 Cessna DR 91 $21,305.58 3/2/11 95 $84000
4/2/96 95621 179 05 3.75 2500793 $21,400. Citrus Heights
45 10/2/96 06 173 1 18.00 $111,000.

GA 11.5 2 113990000500794 2437 Justin DR 92 $10,945.07 3/3/11 100 $73060
4/3/96 30064 179 05 3.25 2500794 $14,900. Marietta
37 0 06 173 1 18.00 $88,000.



<PAGE>
CA 7.25 2 106990000500795 3830 Laurel  91 $34,765.08 3/2/21 89 $183750
4/2/96 91604 299 05 2.25 2500795 $36,700. Studio City Area
44 10/2/96 00 293 1 18.00 $250,000.

CA 7.25 2 106990000500799 402 S  91 $42,007.68 3/2/21 88 $292500
4/2/96 92807 299 05 2.75 2500799 $50,000. Anaheim
43 10/2/96 06 293 1 18.00 $390,000.


CA 7.25 2 106990000500816 9270 November  91 $42,963.13 3/5/21 90 $164000
4/5/96 95758 299 05 2.75 2500816 $43,900. Elk Grove
38 10/5/96 06 293 1 18.00 $231,000.

CA 7.25 2 106990000500817 2375 Goldcrest  91 $38,565.31 3/2/11 95 $147750
4/2/96 94566 179 05 3.25 2500817 $39,400. Pleasanton
42 10/2/96 06 173 1 18.00 $197,000.


WA 11.25 2 153990000500820 1407 Browne  92 $44,712.8 3/8/11 100 $45000
4/8/96 98902 179 05 3.00 2500820 $45,000. Yakima
24 0 06 173 1 18.00 $90,000.

CA 7.25 2 106990000500821 1801 Patio DR 91 $60,138.6 3/9/21 88 $307500
4/9/96 95125 299 05 2.75 2500821 $61,500. San Jose
39 10/9/96 06 293 1 18.00 $420,000.


CA 12. 2 106990000500822 4052 Braeburn  81 $43,929.85 3/1/11 80 $235200
4/1/96 90027 179 05 3.75 2500822 $44,100. Los Angeles
33 7/1/96 00 173 1 18.00 $350,000.






CA 10.5 2 106990000500824 3612 Brookline  91 $10,464.45 3/3/21 90 $91200
4/3/96 95356 299 05 2.25 2500824 $11,400. Modesto
42 7/3/96 06 293 1 18.00 $114,000.

CA 11.5 2 106990000500840 1000 Wentz DR 91 $39,731.79 3/10/11 98 $156000
4/10/96 95020 179 05 3.25 2500840 $40,000. Gilroy
38 0 06 173 1 18.00 $200,000.



<PAGE>
CA 11. 2 106990000500841 19208  91 $42,567.4 3/4/21 90 $306906
4/4/96 90701 299 05 2.75 2500841 $45,000. Cerritos
46 7/4/96 06 293 1 18.00 $395,000.

CA 10.5 2 106990000500842 2700 Casa  90 $40,063.69 4/11/11 90 $202500
4/11/96 95037 180 05 2.25 2500842 $40,500. Morgan Hill
32 7/11/96 06 174 1 18.00 $270,000.


CA 12. 2 106990000500846 16932 Lassen ST 91 $87,931.41 3/8/11 99 $116879
4/8/96 91345 179 05 3.75 2500846 $100,000. Sepulveda
45 0 06 173 1 18.00 $220,000.

CA 11.5 2 106990000500847 630 Hillside TER 91 $99,258.25 4/12/21 82 $965000
4/12/96 91105 300 05 3.25 2500847 $100,000. Pasadena
33 7/12/96 06 294 1 18.00 $1,300,000.


CA 7.25 2 106990000500850 1075 Araki RD 91 $37,158.34 3/4/21 90 $192000
4/4/96 95006 299 05 2.25 2500850 $38,000. Boulder Creek
41 10/4/96 06 293 1 18.00 $256,000.

GA 7.25 2 113990000500851 2280 Six  91 $24,469.16 3/5/21 88 $149901
4/5/96 30076 299 05 2.75 2500851 $25,000. Roswell
45 10/5/96 06 293 1 18.00 $201,000.


CA 7.25 2 106990000500853 1915 Rameriz DR 91 $26,984.18 3/9/21 90 $99172
4/9/96 95993 299 05 2.25 2500853 $27,600. Yuba City
41 10/9/96 06 293 1 18.00 $141,000.

CA 10.5 2 106990000500855 1551 Country  91 $33,378.18 3/10/21 86 $245190
4/10/96 91902 299 05 2.25 2500855 $34,000. Bonita
45 7/10/96 06 293 1 18.00 $325,000.


CA 10.5 2 106990000500857 18440 Oakview  91 $33,643.94 2/27/21 90 $169450
3/27/96 93908 299 09 2.25 2500857 $33,850. Salinas
42 6/27/96 00 292 1 18.00 $226,000.







<PAGE>
CA 8.75 2 106990000500864 0 81 $31,780.93 3/12/21 80 $600000
4/12/96 94507 299 05 0.50 2500864 $32,000. Alamo
35 7/12/96 06 293 1 18.00 $790,000.

CA 7.25 2 106990000500865 595 Pinecrest DR 81 $89,917.65 3/11/21 80 $502000
4/11/96 94024 299 05 1.50 2500865 $92,000. Los Altos
41 10/11/96 06 293 1 18.00 $746,000.


CA 10.5 2 106990000500867 572 Rutherford  91 $26,533.76 3/5/21 83 $207000
4/5/96 94061 299 05 2.25 2500867 $27,000. Redwood City
44 7/6/96 06 293 1 18.00 $285,000.

CA 11. 2 106990000500868 15363 Peach Hill  91 $89,374.37 3/5/21 85 $607000
4/5/96 95070 299 05 2.75 2500868 $90,000. Saratoga
38 7/5/96 06 293 1 18.00 $823,000.


CA 10.25 2 106990000500871 418 Via  91 $16,411.45 3/10/21 90 $133600
4/10/96 95111 299 03 2.00 2500871 $16,700. San Jose
23 7/10/96 06 293 1 18.00 $167,000.

CA 11.5 2 106990000500872 2865 Wilson  91 $24,705.68 3/4/21 90 $153413
4/4/96 94538 299 09 3.25 2500872 $25,000. Fremont
39 7/5/96 06 293 1 18.00 $199,000.


NV 7.25 2 132990000500873 160 Pine Cone RD 91 $33,109.68 3/8/11 91 $268000
4/8/96 89451 179 05 3.75 2500873 $33,500. Incline Village
35 10/8/96 00 173 1 18.00 $333,955.

WA 7.25 2 153990000500874 23122 NE 47th ST 91 $29,450.7 3/10/21 89 $191250
4/10/96 98053 299 05 3.25 2500874 $33,900. Redmond
50 10/10/96 06 293 1 18.00 $255,000.


CA 7.25 2 106990000500876 1501 Ruth LN 81 $28,277.99 3/12/21 80 $339000
4/12/96 92660 299 05 1.00 2500876 $35,000. Newport Beach
44 10/12/96 06 293 1 18.00 $468,000.

CA 12. 2 106990000500877 7731 S Oak WAY 91 $71,929.45 3/9/11 95 $260000
4/9/96 95831 179 05 3.75 2500877 $72,500. Sacramento
42 7/9/96 06 173 1 18.00 $350,000.



<PAGE>
CA 12. 2 106990000500880 4042 Camrose  90 $49,621.07 4/15/11 94 $287656
4/15/96 94550 180 05 3.75 2500880 $50,000. Livermore
43 7/16/96 06 174 1 18.00 $360,000.






CA 10.5 2 106990000500881 16627 Sunset  91 $34,668.59 4/15/21 89 $322000
4/15/96 90272 300 05 2.25 2500881 $35,000. Pacific Palisades
39 7/15/96 06 294 1 18.00 $405,000.

CA 10.25 2 106990000500883 210 Bel Ayre DR 91 $30,328.95 3/5/21 90 $207000
4/5/96 95117 299 05 2.00 2500883 $30,600. Santa Clara
27 7/6/96 00 293 1 18.00 $264,000.


CA 9.75 2 106990000500886 514 Lobos AVE 81 $49,423.09 3/12/21 54 $107362
4/12/96 93950 299 05 1.50 2500886 $50,000. Pacific Grove
46 7/12/96 06 293 1 18.00 $295,000.

CA 7.25 2 106990000500887 357 N Kings RD 81 $49,310.78 3/17/21 77 $224215
4/17/96 90048 299 05 1.00 2500887 $50,000. Los Angeles
44 10/17/96 06 293 1 18.00 $360,000.


CA 12.5 2 106990000500889 4978 Brewster  91 $57,318.05 3/16/11 96 $212644
4/16/96 95124 179 05 4.25 2500889 $58,000. San Jose
50 7/16/96 06 173 1 18.00 $284,500.

CA 10.5 2 106990000500896 2986 Taper AVE 91 $33,402.24 3/9/21 90 $207000
4/9/96 95051 299 05 2.25 2500896 $33,750. Santa Clara
39 7/10/96 00 293 1 18.00 $268,000.


FL 12. 2 112990000500897 4016 Kilmartin  91 $45,645.45 3/15/11 95 $172500
4/15/96 32308 179 05 3.75 2500897 $46,000. Tallahassee
44 7/15/96 06 173 1 18.00 $230,000.

CA 10.5 2 106990000500900 631 Canepa DR 91 $7,137.89 3/18/21 89 $144000
4/18/96 95066 299 05 2.25 2500900 $16,000. Scotts Valley
43 7/18/96 00 293 1 18.00 $180,000.



<PAGE>
CA 7.25 2 106990000500906 15385 Mallory CT 91 $48,701.63 3/18/11 95 $272000
4/18/96 93021 179 03 3.25 2500906 $49,500. Moorpark
43 10/18/96 01 173 1 18.00 $340,000.

OR 11. 2 141990000500915 2086 E  91 $12,618.75 5/1/21 90 $65600
4/17/96 97701 300 05 2.75 2500915 $12,750. BEND
40 7/17/96 02 295 1 18.00 $87,500.


UT 9.25 2 149990000500931 1761 N 680 W 81 $10,884.53 3/16/21 80 $88651
4/16/96 84057 299 05 1.00 2500931 $13,500. Orem
36 7/16/96 03 293 1 18.00 $128,000.






CA 11.5 2 106990000500948 874 SEACLIFF  91 $29,796.55 3/9/21 90 $170000
4/9/96 95003 299 05 3.25 2500948 $37,000. APTOS
29 7/9/96 01 293 1 18.00 $230,000.

CA 9.75 2 106990000500951 5908 Horn WAY 81 $16,433.67 3/24/21 80 $69079
4/24/96 95328 299 05 1.50 2500951 $17,300. Keyes
31 7/24/96 03 293 1 18.00 $108,000.


CA 12. 2 106990000500976 17781780  91 $27,922.9 4/6/11 95 $150000
5/6/96 91104 179 05 3.75 2500976 $28,100. Pasadena Area
38 0 00 174 1 18.00 $187,500.

CA 7.25 2 106990000500988 131 E Ninth AVE 91 $22,637.5 4/6/21 90 $120623
5/6/96 92025 299 05 2.75 2500988 $32,300. Escondido
40 11/6/96 06 294 1 18.00 $170,000.


CA 8.5 2 106990000500990 121 St Philip CT 81 $29,564.59 3/12/21 76 $200000
4/12/96 94526 299 03 0.25 2500990 $30,000. Danville
26 7/13/96 06 293 1 18.00 $305,000.

CA 11.5 2 106990000501010 1430 Milan CT 91 $99,053.12 3/18/21 89 $388000
4/18/96 94550 299 05 3.25 2501010 $100,000. Livermore
40 7/18/96 06 293 1 18.00 $554,000.



<PAGE>
CA 7.25 2 106990000501016 3311 Lucinda ST 81 $94,064.01 3/1/21 77 $572000
4/1/96 92106 299 05 1.50 2501016 $100,000. San Diego
32 10/1/96 06 293 1 18.00 $880,000.

CA 11. 2 106990000501053 795 S Edgeview  91 $36,359.34 3/22/21 89 $428000
4/22/96 92808 299 03 2.75 2501053 $45,000. Anaheim
45 7/22/96 01 293 1 18.00 $535,000.


ID 12. 2 116990000501055 1318 Locust AVE 91 $14,194.09 4/16/11 94 $64500
4/16/96 83814 180 05 3.75 2501055 $16,300. Coeur D'Alene
43 5/31/96 03 174 1 18.00 $86,000.

CA 10.5 2 106990000501058 1306 Tampico  91 $8,776.02 3/18/21 82 $107250
4/18/96 93906 299 05 2.25 2501058 $10,000. Salinas
41 7/18/96 02 293 1 18.00 $143,000.


CA 7.25 2 106990000501061 2415 Crestline RD 91 $19,840.51 4/3/21 85 $292000
5/3/96 94566 299 05 2.75 2501061 $25,000. Pleasanton
43 11/3/96 06 294 1 18.00 $375,000.






CA 8.75 2 106990000501062 2766 S  81 $39,464.03 4/5/21 75 $146347
4/5/96 91748 300 05 0.50 2501062 $49,900. Rowland Heights
37 7/1/96 06 294 1 18.00 $265,000.

WA 10.75 2 153990000501069 14916 444th  91 $19,862.08 4/2/21 85 $87715
5/2/96 98045 299 05 2.50 2501069 $20,000. NORTHBEND
25 8/2/96 03 294 1 18.00 $128,000.


CA 10.5 2 106990000501070 3923 Sophist DR 91 $11,163.62 4/3/21 90 $282400
5/3/96 95132 299 05 2.25 2501070 $35,300. San Jose
42 8/3/96 06 294 1 18.00 $353,000.

CA 12.5 2 106990000501076 4014 Channel PL 91 $72,349.62 4/2/11 95 $391200
5/2/96 92663 179 05 4.25 2501076 $73,350. Newport Beach
41 8/2/96 00 174 1 18.00 $489,000.



<PAGE>
OR 11. 2 141990000501089 12215 SW  91 $18,022.86 3/30/21 90 $86100
4/30/96 97223 299 05 2.75 2501089 $24,600. Tigard
31 7/30/96 03 294 1 18.00 $123,000.

CA 8.5 2 106990000501091 1745 Randon  81 $21,321.36 3/22/21 71 $114980
4/22/96 95403 299 05 0.25 2501091 $39,000. Santa Rosa
30 7/22/96 03 293 1 18.00 $217,500.


WA 11.5 2 153990000501094 7340 20th AVE  91 $24,695.78 4/2/11 97 $138623
5/2/96 98115 179 05 3.25 2501094 $25,000. Seattle
35 0 03 174 1 18.00 $169,000.

UT 11. 2 149990000501097 52 E 1380 N 91 $25,722.26 3/29/21 90 $129750
4/29/96 84003 299 05 2.75 2501097 $25,950. American Fork
41 7/29/96 03 293 1 18.00 $173,000.


OR 8.5 2 141990000501099 17490 Brown RD 81 $21,398.83 3/29/21 79 $207000
4/29/96 97338 299 05 0.25 2501099 $33,000. Dallas
22 7/29/96 03 293 1 18.00 $305,000.

CA 11.5 2 106990000501101 3174 Darby ST 92 $36,063.61 3/15/11 100 $88731
4/15/96 93063 179 01 3.25 2501101 $36,100. Simi Valley
41 0 02 173 1 18.00 $125,000.


CA 7.25 2 106990000501107 23421 Shadow  91 $64,985.35 3/10/21 88 $203000
4/10/96 91321 299 05 2.75 2501107 $65,000. Santa Clarita
42 10/9/96 00 293 1 18.00 $305,000.






WA 12. 2 153990000501120 2202 108th AVE  91 $18,833.89 3/25/11 95 $192276
4/25/96 98004 179 05 3.75 2501120 $49,900. Bellevue
32 7/25/96 03 173 1 18.00 $255,000.

CA 10.5 2 106990000501122 1103 Key Route  91 $36,963.17 3/16/21 90 $186750
4/16/96 94706 299 05 2.25 2501122 $37,350. Albany
34 7/16/96 00 293 1 18.00 $249,000.



<PAGE>
NV 9.25 2 132990000501135 4609 Cinderella  81 $26,008.69 4/3/21 66 $19577
5/3/96 89102 299 05 1.00 2501135 $46,000. Las Vegas
35 8/3/96 03 294 1 18.00 $100,000.

CA 9.25 1 106990000501136 2318 State Game  81 $102,365.21 4/3/21 75 $0
5/3/96 98332 299 05 1.00 2501136 $160,000. Gig Harbor
41 8/3/96 06 294 1 18.00 $215,000.


CA 12. 2 106990000501139 2147 Stradella RD 91 $98,616.1 4/1/11 93 $723636
5/1/96 90077 179 05 3.75 2501139 $100,000. Bel Air
42 8/1/96 03 174 1 18.00 $890,000.

CA 10.5 2 106990000501153 81 Tourmaline  91 $41,329.32 4/22/21 90 $334400
4/22/96 94550 300 05 2.25 2501153 $41,800. Livermore
37 7/22/96 00 294 1 18.00 $418,000.


CA 7.25 2 106990000501159 257 N Kanan RD 91 $43,500. 3/19/11 95 $232000
4/19/96 91301 179 05 3.75 2501159 $43,500. Agoura Area
44 10/19/96 02 173 1 18.00 $290,000.

UT 11. 2 149990000501160 737 S 1200 E 91 $30,151.35 4/3/21 89 $56306
5/3/96 84102 299 05 2.75 2501160 $90,000. Salt Lake City
45 8/3/96 03 294 1 18.00 $165,000.


CA 11. 2 106990000501170 1712 Parkside DR 91 $26,748.11 3/8/21 90 $134600
4/8/96 94596 299 03 2.75 2501170 $26,950. Walnut Creek
42 7/8/96 02 293 1 18.00 $179,500.

CA 7.25 2 106990000501176 460 King ST 91 $26,320.89 5/1/21 83 $251250
4/26/96 94062 300 05 2.25 2501176 $26,800. Redwood City
45 10/26/96 02 295 1 18.00 $335,000.


CA 10.75 2 106990000501177 9512 S 2nd AVE 91 $27,366.67 5/1/21 88 $140000
4/18/96 90305 300 05 2.50 2501177 $30,000. INGLEWOOD
22 7/18/96 01 295 1 18.00 $195,000.







<PAGE>
CA 7.25 2 106990000501187 17625 Delano ST 91 $24,411.43 3/9/21 90 $150000
4/9/96 91316 299 05 2.25 2501187 $30,000. Los Angeles
37 10/8/96 02 293 1 18.00 $200,000.

CA 11. 2 106990000501189 45372  91 $24,391.47 4/26/11 90 $122250
4/26/96 92592 180 05 2.75 2501189 $24,450. Temecula
30 7/26/96 01 174 1 18.00 $163,000.


CA 7.25 2 106990000501193 874 Toyopa DR 91 $51,869.96 3/4/21 90 $459438
4/4/96 90272 299 05 3.25 2501193 $57,500. Los Angeles
35 10/3/96 03 293 1 18.00 $575,000.

ID 11.5 2 116990000501198 948 E Bergeson  91 $31,898.22 3/12/11 97 $102500
4/12/96 83706 179 05 3.25 2501198 $32,500. Boise
23 0 06 173 1 18.00 $140,000.


CA 7.25 2 106990000501199 3014 E Avenida  91 $38,504.61 3/16/21 89 $195000
4/16/96 91362 299 01 2.75 2501199 $39,000. Thousand Oaks
40 10/15/96 00 293 1 18.00 $265,000.

CA 9.25 2 106990000501208 2081 Shady  81 $47,524.69 3/8/11 30 $10444
4/8/96 91362 179 03 1.00 2501208 $48,000. Thousand Oaks
40 7/8/96 06 173 1 18.00 $200,000.


CA 11. 2 106990000501220 1441 E 215th PL 91 $24,605.46 4/6/21 90 $126000
5/6/96 90745 299 05 2.75 2501220 $25,200. Carson
44 8/6/96 06 294 1 18.00 $168,000.

CA 11. 2 106990000501221 144 Doyle ST 91 $34,713.73 3/11/21 90 $176250
4/11/96 95062 299 05 2.75 2501221 $35,000. Santa Cruz
33 7/11/96 06 293 1 18.00 $235,000.


CA 8.5 2 106990000501222 1307 Olive ST 81 $8,841.4 5/1/21 14 $8777
4/18/96 95407 300 05 0.25 2501222 $11,000. Santa Rosa
18 7/18/96 06 295 1 18.00 $148,000.

NM 9.25 2 135990000501223 8401 Chateau DR  81 $69,235.86 5/1/21 80 $170000
4/15/96 87122 300 05 1.00 2501223 $70,000. Albuquerque
37 7/15/96 00 295 1 18.00 $300,000.



<PAGE>
CA 10.25 2 106990000501225 406 W Spring LN 91 $13,189.83 3/10/21 86 $66750
4/10/96 93245 299 05 2.00 2501225 $13,350. Lemoore
29 7/10/96 06 293 1 18.00 $94,000.






NM 12. 2 135990000501226 106 County Road  91 $26,679.47 3/8/11 95 $85824
4/8/96 87410 179 05 3.75 2501226 $26,700. Aztec
32 7/8/96 06 173 1 18.00 $118,500.

CA 7.25 2 106990000501228 5603 Kimberly ST 91 $14,933.99 3/19/21 90 $265600
4/19/96 95129 299 05 2.25 2501228 $33,100. San Jose
36 10/19/96 00 293 1 18.00 $332,000.


CA 11. 2 106990000501238 655 Cole Ranch  91 $46,275.06 4/30/21 84 $442500
5/30/96 92024 299 05 2.75 2501238 $50,000. ENCINITAS
44 8/30/96 06 295 1 18.00 $590,000.

VA 8.75 2 151990000501253 6356 Southshore  81 $7,346.04 5/1/21 75 $116000
4/25/96 23112 300 05 0.50 2501253 $10,000. Midlothian
38 7/25/96 06 295 1 18.00 $168,500.


ID 7.25 2 116990000501257 1309 18th ST 91 $26,545.82 3/15/11 95 $41473
4/15/96 83501 179 05 3.75 2501257 $26,900. Lewiston
39 10/15/96 06 173 1 18.00 $72,000.

CA 11.5 2 106990000501258 2805 Bayview DR 90 $40,162.37 4/17/11 95 $216000
4/17/96 94501 180 03 3.25 2501258 $40,500. Alameda
39 7/17/96 06 174 1 18.00 $270,000.


CA 7.25 2 106990000501261 14558 Huston ST 91 $21,082.92 3/11/21 87 $195854
4/11/96 91403 299 05 2.75 2501261 $34,000. Los Angeles
46 10/10/96 02 293 1 18.00 $267,000.

CA 11. 2 106990000501263 1504 S Eastwind  91 $39,248.95 3/17/21 90 $348000
4/17/96 91361 299 03 2.75 2501263 $40,000. Thousand Oaks
42 7/17/96 01 293 1 18.00 $435,000.



<PAGE>
WA 7.25 2 153990000501264 24114 SE 34th PL 81 $33,556.49 3/12/21 80 $148000
4/12/96 98029 299 05 0.50 2501264 $34,000. Issaquah
44 10/12/96 02 293 1 18.00 $230,000.

CA 7.25 2 106990000501265 5364 Archwood  91 $19,852.31 3/2/11 95 $193533
4/2/96 95118 179 05 3.75 2501265 $20,200. San Jose
43 10/2/96 02 173 1 18.00 $225,000.


OR 11. 2 141990000501270 3268 Lorian LN 91 $21,834.37 3/10/21 90 $96700
4/10/96 97302 299 05 2.75 2501270 $22,000. Salem
33 7/10/96 06 293 1 18.00 $132,000.






WA 8.75 2 153990000501271 14705 NE 64th ST 81 $22,280.57 5/1/21 79 $102000
4/19/96 ****** 300 05 0.50 2501271 $32,000. Redmond
37 7/19/96 06 295 1 18.00 $170,000.

CA 9.25 2 106990000501273 2004 Via Aguila 81 $28,080.97 2/28/21 80 $278000
3/29/96 92672 298 03 1.00 2501273 $28,400. San Clemente
45 6/29/96 06 293 1 18.00 $383,000.


WA 11. 2 153990000501274 17620 50th ST E 91 $73,149.45 5/1/21 90 $152000
4/15/96 ****** 300 03 2.75 2501274 $95,000. Sumner
42 7/15/96 06 295 1 18.00 $275,000.

CA 7.25 2 106990000501276 22215 Belleau CT 91 $36,447.11 3/18/11 87 $431600
4/18/96 91302 179 05 2.75 2501276 $37,000. Calabasas
33 10/18/96 00 173 1 18.00 $539,500.


CA 12. 2 106990000501277 11060 Dedmon  91 $6,954.55 4/25/11 87 $295177
4/25/96 95361 180 05 3.75 2501277 $62,200. Oakdale
45 7/25/96 06 174 1 18.00 $415,000.

CA 11.5 2 106990000501282 1213 Flintlock RD 91 $29,844.76 4/12/11 83 $139896
4/12/96 91765 180 05 3.25 2501282 $30,000. Diamond Bar
35 7/12/96 03 174 1 18.00 $205,000.



<PAGE>
CA 7.25 2 106990000501283 616 Oakbrook DR 91 $18,830.22 3/18/21 90 $95250
4/18/96 94585 299 05 3.25 2501283 $19,100. Fairfield
39 10/18/96 06 293 1 18.00 $127,500.

OR 7.25 2 141990000501285 6609 NE  91 $35,162.08 3/17/21 90 $180000
4/17/96 97213 299 05 3.25 2501285 $36,000. Portland
48 10/17/96 06 293 1 18.00 $240,000.


WA 11. 2 153990000501286 194 26th AVE 91 $38,062.97 3/9/21 90 $101110
4/9/96 98122 299 05 2.75 2501286 $38,000. Seattle
50 7/9/96 03 293 1 18.00 $155,000.

CA 10.5 2 106990000501289 2758 Huff DR 91 $32,950.09 3/16/21 90 $266400
4/16/96 94588 299 03 2.25 2501289 $33,300. Pleasanton
27 7/16/96 00 293 1 18.00 $333,000.


CA 10.5 2 106990000501290 817 Riesling RD 91 $37,290.28 4/9/21 90 $187050
4/9/96 94954 300 05 2.25 2501290 $37,400. Petaluma
38 7/9/96 00 294 1 18.00 $249,410.






UT 8.5 2 149990000501291 1554 W 6785 S 81 $17,043.59 4/10/21 73 $74795
5/10/96 84084 299 05 0.25 2501291 $20,000. West Jordan
24 8/10/96 03 294 1 18.00 $130,000.

CA 12. 2 106990000501294 9680 Tareyton  92 $22,673.75 3/17/11 100 $201936
4/17/96 94583 179 05 3.75 2501294 $23,000. San Ramon
32 0 06 173 1 18.00 $225,000.


WA 7.25 2 153990000501296 3023 Fauntleroy  91 $10,659.41 3/15/21 90 $112000
4/15/96 98126 299 05 2.25 2501296 $14,000. Seattle
45 10/15/96 02 293 1 18.00 $140,000.

CA 7.25 2 106990000501297 893 Shasta CIR 91 $34,021.4 3/17/21 90 $150000
4/17/96 95672 299 05 2.25 2501297 $34,500. El Dorado Hills
37 10/17/96 02 293 1 18.00 $205,000.



<PAGE>
CA 7.25 2 106990000501299 16785 Wilderness  91 $27,337.51 3/15/21 90 $138300
4/15/96 95642 299 05 2.25 2501299 $27,700. Jackson
35 10/15/96 00 293 1 18.00 $184,500.

CA 7.25 2 106990000501300 518 Mangolia  81 $26,896.9 3/22/21 80 $250999
4/22/96 94080 299 05 0.50 2501300 $44,500. South San
42 10/22/96 06 293 1 18.00 $370,000.


CA 11.5 2 106990000501304 1559 Harrison ST 91 $30,100.24 3/15/21 86 $191000
4/15/96 95050 299 05 3.25 2501304 $35,000. Santa Clara
48 7/15/96 02 293 1 18.00 $265,000.

CA 11.5 2 106990000501305 36488 SW Bald  91 $44,694.34 3/18/21 90 $359764
4/18/96 97123 299 05 3.25 2501305 $45,000. Hillsboro
36 7/18/96 02 293 1 18.00 $450,000.


CA 11. 2 106990000501308 3814 Willowood  91 $33,054.24 3/11/21 90 $165750
4/11/96 95118 299 05 2.75 2501308 $33,100. San Jose
32 7/11/96 02 293 1 18.00 $221,000.

UT 8.75 2 149990000501311 5260 Rome  81 $25,631.34 4/1/21 78 $38968
5/1/96 84123 299 07 0.50 2501311 $26,500. Salt Lake City
44 8/1/96 03 294 1 18.00 $84,000.


CA 11.5 2 106990000501312 1616 E ST 91 $38,638.82 3/9/11 84 $148441
4/9/96 94559 179 10 3.25 2501312 $38,700. Napa
36 0 06 173 1 18.00 $225,000.






CA 7.25 2 106990000501313 7031 Fairmount  91 $40,168.02 3/15/11 92 $133600
4/15/96 94530 179 05 3.75 2501313 $41,000. El Cerrito
19 10/15/96 03 173 1 18.00 $190,000.

CA 11. 2 106990000501314 1031 Via Presa 91 $33,196.22 4/10/21 90 $168750
5/10/96 92672 299 01 2.75 2501314 $33,750. San Clemente
39 8/10/96 00 294 1 18.00 $225,000.



<PAGE>
OR 12. 2 141990000501315 5806 SE Mall 91 $15,416.29 4/9/11 95 $82400
5/9/96 97206 179 05 3.75 2501315 $15,450. Portland
41 0 03 174 1 18.00 $103,000.

NY 10.5 2 136990000501318 150 Risley RD 91 $29,011.83 4/9/21 90 $100074
5/9/96 11772 299 05 2.25 2501318 $29,500. Patchogue
34 8/9/96 03 294 1 18.00 $144,000.


CA 7.25 2 106990000501319 369 Elm AVE 91 $57,931.34 4/15/21 90 $469600
4/15/96 94939 300 05 3.25 2501319 $58,700. Larkspur
40 10/15/96 00 294 1 18.00 $587,000.

CA 11. 2 106990000501321 437 Mayfield DR 91 $22,834.53 4/23/21 84 $153750
4/23/96 95403 300 05 2.75 2501321 $30,000. Santa Rosa
41 7/23/96 01 294 1 18.00 $220,000.


CA 9.75 2 106990000501324 5050 George RD 81 $32,808.02 3/21/11 68 $118000
3/21/96 95453 180 05 1.50 2501324 $35,000. Lakeport
41 9/21/96 06 173 1 18.00 $225,000.

OR 12. 2 141990000501337 226-228 SW  92 $56,200. 4/24/11 100 $168750
4/24/96 97201 180 10 3.75 2501337 $56,200. Portland
44 0 06 174 1 18.00 $225,000.


NV 8.5 2 132990000501339 2233 Starline  81 $12,105.18 3/20/21 65 $104634
4/20/96 89134 299 03 0.25 2501339 $16,000. Las Vegas
27 7/20/96 03 293 1 18.00 $186,000.

CA 11.5 2 106990000501345 14565 Manuella  91 $65,221.54 3/11/21 90 $522400
4/11/96 94022 299 05 3.25 2501345 $65,300. Los Altos Hills
34 7/11/96 00 293 1 18.00 $653,000.


UT 7.25 2 149990000501347 2830 S Breeze DR 91 $13,231.77 3/13/11 86 $107250
4/13/96 84044 179 05 2.25 2501347 $15,000. Magna
28 10/13/96 06 173 1 18.00 $143,000.







<PAGE>
NM 10.25 2 135990000501353 8212 Indigo CT  91 $29,851.17 5/1/21 90 $241600
4/22/96 87122 300 05 2.00 2501353 $30,200. Albuquerque
41 7/22/96 00 295 1 18.00 $302,000.

CA 9.75 2 106990000501355 431 Gates ST 81 $9,762.08 4/26/21 72 $140000
4/26/96 94110 300 05 1.50 2501355 $10,000. San Francisco
49 7/26/96 06 294 1 18.00 $210,000.


CA 11.5 2 106990000501358 945 Mountain  92 $9,836.99 5/1/11 100 $111200
4/19/96 94549 180 03 3.25 2501358 $27,800. Lafayette
41 0 06 175 1 18.00 $139,000.

CA 7.25 2 106990000501367 3715 Terestina PL 91 $23,872.77 3/12/21 90 $123750
4/12/96 95051 299 01 2.75 2501367 $24,200. Santa Clara
43 10/12/96 01 293 1 18.00 $165,000.


FL 7.25 2 112990000501368 13825 SW 106  81 $35,269.79 4/10/21 80 $81269
5/10/96 33186 299 05 0.50 2501368 $36,000. Miami
34 11/10/96 03 294 1 18.00 $147,000.

CA 12. 2 106990000501369 10391 Kukui DR 92 $50,490.27 5/1/21 85 $117749
4/22/96 92646 300 05 2.75 2501369 $51,000. Huntington Beach
45 7/22/96 00 295 1 18.00 $200,000.


UT 12. 2 149990000501377 11669 S Willow  91 $24,868.89 4/10/11 91 $133237
5/10/96 84020 179 05 3.75 2501377 $25,000. Draper
32 8/10/96 02 174 1 18.00 $175,000.

CA 7.25 2 106990000501378 4916 Sunline  81 $91,895.93 4/6/21 78 $24450
5/6/96 92117 299 05 1.00 2501378 $100,000. San Diego
43 11/6/96 06 294 1 18.00 $160,000.


CA 7.25 2 106990000501385 3341 Deer Creek  81 $54,924.26 3/22/21 77 $447200
4/22/96 91208 299 05 2.75 2501385 $55,900. Glendale
33 10/1/96 03 293 1 18.00 $660,000.

CA 10.5 2 106990000501386 10115 Sierra AVE 91 $25,780.64 4/8/21 90 $137250
4/8/96 96161 300 05 2.25 2501386 $27,400. Truckee
23 7/8/96 00 294 1 18.00 $183,000.



<PAGE>
CA 8.75 2 106990000501387 1557 Facilidad ST 81 $20,000. 4/1/21 80 $184000
4/15/96 91745 299 05 0.50 2501387 $20,000. Area Of Hacienda
49 7/15/96 02 294 1 18.00 $255,000.






CA 8.75 2 106990000501392 355 Woodside DR 81 $48,875.98 4/22/11 72 $760000
4/22/96 94062 180 03 0.50 2501392 $50,000. Woodside
40 7/22/96 06 174 1 18.00 $1,125,000.

HI 10.5 2 115990000501393 1015 Lunaai ST 91 $36,688.2 4/23/21 90 $316885
4/23/96 96734 300 05 2.25 2501393 $38,000. Kailua
44 7/23/96 02 294 1 18.00 $395,000.


CA 9.25 2 106990000501395 4412 Camero  81 $27,858.58 3/3/21 64 $142000
4/3/96 90027 299 05 1.00 2501395 $50,000. Los Angeles
44 7/4/96 03 293 1 18.00 $301,000.

CA 7.25 2 106990000501397 728 Del Mar AVE 91 $20,604.15 4/17/21 90 $167200
4/17/96 94947 300 05 2.25 2501397 $20,900. Novato
41 10/17/96 06 294 1 18.00 $209,000.


CA 7.25 2 106990000501403 934 Calle Yucca 91 $49,389.88 3/24/11 93 $312000
4/24/96 91360 179 05 3.75 2501403 $50,000. Thousand Oaks
35 10/24/96 03 173 1 18.00 $390,000.

CA 7.25 2 106990000501404 2466 Inverness ST 91 $98,036.84 3/23/11 94 $412000
4/23/96 90027 179 05 4.00 2501404 $100,000. Los Angeles
27 10/23/96 06 173 1 18.00 $550,000.


WA 7.25 2 153990000501406 13422 N  81 $21,944.39 3/19/21 76 $78000
4/19/96 99208 299 05 0.50 2501406 $25,000. Spokane
32 10/19/96 06 293 1 18.00 $137,000.

CA 9.25 2 106990000501408 489 Fulton LN 81 $19,750.95 3/18/21 69 $207000
4/18/96 94574 299 05 1.00 2501408 $20,000. Saint Helena
45 7/18/96 02 293 1 18.00 $330,000.



<PAGE>
CA 7.25 2 106990000501417 55 Buckeye AVE 81 $19,722.35 4/19/21 74 $207000
4/19/96 94618 300 05 0.50 2501417 $20,000. Oakland
34 10/19/96 01 294 1 18.00 $310,000.

CA 7.25 2 106990000501418 113 Grevillia DR 91 $27,664.75 4/15/21 90 $256000
4/15/96 94952 300 05 2.25 2501418 $32,000. Petaluma
32 10/15/96 00 294 1 18.00 $320,000.


CA 10.5 2 106990000501420 625 Portofino LN 91 $37,354.46 3/19/21 90 $187500
4/19/96 94404 299 01 2.25 2501420 $37,500. Foster City
22 7/19/96 00 293 1 18.00 $250,000.






CA 11. 2 106990000501421 125 Arroyo WAY 91 $49,006.86 4/25/21 90 $396000
4/25/96 95112 300 05 2.75 2501421 $49,500. San Jose
39 7/25/96 00 294 1 18.00 $495,000.

CA 10.25 2 106990000501425 3328 Via La Salva 91 $39,090.88 4/23/21 89 $314000
4/23/96 90274 300 05 2.00 2501425 $39,250. Palos Verdes
29 7/23/96 00 294 1 18.00 $400,000.


ME 10.25 2 123990000501430 13 Island Pond  91 $39,872.81 3/23/21 87 $322400
4/23/96 04110 299 05 2.00 2501430 $40,600. Cumberland
24 7/23/96 00 293 1 18.00 $420,000.

CA 8.5 2 106990000501432 444 San Antonio  81 $36,117.85 5/1/21 80 $207000
4/22/96 94306 300 01 0.25 2501432 $49,000. Palo Alto
29 7/22/96 06 295 1 18.00 $320,000.


CA 9.25 2 106990000501434 18715 Del Bonita  81 $47,735.09 4/9/11 54 $43717
4/9/96 91748 180 05 1.00 2501434 $49,900. Rowland Heights
28 7/1/96 06 174 1 18.00 $175,000.

CA 9.25 2 106990000501442 4282 PACIFIC  81 $117,678.88 4/1/21 50 $200000
4/18/96 90807 299 05 1.00 2501442 $120,000. Long Beach
41 7/18/96 00 294 1 18.00 $650,000.



<PAGE>
WA 12. 2 153990000501445 9711 NE 48th DR 91 $42,976.11 4/9/11 92 $170338
5/9/96 98270 179 05 3.75 2501445 $45,000. Marysville
44 8/9/96 03 174 1 18.00 $235,000.

CA 8.75 2 106990000501447 750 Formschlag  81 $44,178.62 4/10/21 58 $207000
5/10/96 94951 299 05 0.50 2501447 $45,000. Penngrove
43 8/10/96 03 294 1 18.00 $435,000.


CA 11.5 2 106990000501448 24076 Parkhill RD 91 $30,832.07 4/8/21 90 $157400
5/8/96 92630 299 03 3.25 2501448 $31,500. Lake Forest
48 8/8/96 00 294 1 18.00 $210,000.

FL 9.75 2 112990000501449 422 Minorca AVE 81 $52,581.14 4/18/21 69 $195958
4/18/96 33134 300 05 1.50 2501449 $63,000. Coral Gables
49 7/18/96 02 294 1 18.00 $380,000.


CA 7.25 2 106990000501452 634 Galerita  91 $33,038.54 4/17/11 95 $178400
4/17/96 94903 180 05 3.75 2501452 $33,400. San Rafael
44 10/17/96 06 174 1 18.00 $223,000.






CA 12.5 2 106990000501453 1742 5th ST 91 $31,800. 4/1/10 95 $161888
4/15/96 91750 167 05 4.25 2501453 $31,800. La Verne
49 7/1/96 06 162 1 18.00 $204,000.

CA 7.25 2 106990000501455 525 Palo Alto  81 $9,126.96 3/24/21 60 $118000
4/24/96 94041 299 05 0.50 2501455 $50,000. Mountain View
40 10/24/96 06 293 1 18.00 $282,000.


CA 7.25 2 106990000501456 36217  91 $18,087.42 3/22/11 95 $177000
4/22/96 94560 179 05 3.75 2501456 $22,300. Newark
41 10/22/96 06 173 1 18.00 $210,000.

CA 6.99 2 106990000501457 165 Woods DR 90 $88,500. 7/17/11 90 $708000
7/17/96 94062 180 05 3.75 2501457 $88,500. Woodside
41 10/17/96 00 177 1 18.00 $885,000.



<PAGE>
CA 11.25 2 106990000501458 3860 Joslin LN 91 $46,549.08 5/1/21 84 $349116
4/16/96 95688 300 05 3.00 2501458 $100,000. Vacaville
50 7/16/96 06 295 1 18.00 $535,000.

CA 8.75 2 106990000501459 33255 LARK  81 $9,334.64 3/23/21 80 $207000
4/23/96 94555 299 05 0.50 2501459 $15,400. FREMONT
33 6/30/96 00 293 1 18.00 $278,000.


CA 7.25 2 106990000501460 5425 Fremantle  81 $5,929.42 3/26/21 80 $716250
4/26/96 91302 299 03 0.50 2501460 $47,700. Calabasas
34 10/26/96 06 293 1 18.00 $955,000.

CA 12.5 2 106990000501461 19020 Mariposa  91 $44,838.78 3/16/11 94 $207000
4/16/96 92508 179 05 4.25 2501461 $45,000. Riverside
47 0 06 173 1 18.00 $270,000.


CA 11. 2 106990000501462 5910 Ascot DR 90 $39,754.35 4/19/11 90 $324000
4/19/96 94611 180 05 2.75 2501462 $40,500. Piedmont
37 7/19/96 00 174 1 18.00 $405,000.

CA 7.25 2 106990000501463 1488-90 Rexford  91 $40,859.34 3/26/21 90 $332000
4/26/96 90035 299 10 2.25 2501463 $41,500. Beverly Hills Area
43 10/26/96 00 293 1 18.00 $415,000.


CA 12.5 2 106990000501464 42 Hamar ST 91 $42,899.98 3/17/11 92 $218927
4/17/96 94523 179 05 4.25 2501464 $42,900. Pleasant Hill
50 0 01 173 1 18.00 $286,000.






WA 7.25 2 153990000501465 3002 34th AVE W 91 $17,976.46 3/24/11 95 $155500
4/24/96 98199 179 05 3.00 2501465 $18,300. Seattle
25 10/24/96 01 173 1 18.00 $183,000.

OR 12. 2 141990000501467 715 NW Battaglia  91 $23,947.64 5/1/11 94 $120601
4/18/96 97030 180 05 3.75 2501467 $24,000. Gresham
43 7/18/96 06 175 1 18.00 $155,000.



<PAGE>
CA 7.25 2 106990000501470 1320 Dumaine  91 $36,507.51 3/25/21 81 $422520
4/25/96 91301 299 05 0.75 2501470 $82,000. Agoura
29 10/25/96 06 293 1 18.00 $630,000.

CA 7.25 2 106990000501475 129 Flying Cloud  91 $63,025.08 3/24/21 90 $512000
4/24/96 94404 299 05 3.25 2501475 $64,000. Foster City
35 10/24/96 00 293 1 18.00 $640,000.


CA 7.25 2 106990000501476 2971 Helmsley  91 $24,976.36 3/22/21 90 $284000
4/22/96 95132 299 05 2.75 2501476 $35,000. San Jose
45 10/22/96 06 293 1 18.00 $355,000.

CA 12. 2 106990000501478 10 Calle Bella 91 $39,979.47 3/18/11 95 $145000
4/18/96 92688 179 09 3.75 2501478 $40,250. Rancho Santa
44 7/18/96 06 173 1 18.00 $195,000.


WA 7.25 1 153990000501482 9605 NE 26th ST 91 $48,457.29 3/23/21 42 $0
4/23/96 98004 299 05 1.50 2501482 $80,000. Bellevue
43 10/23/96 06 293 1 18.00 $195,000.

CA 7.25 2 106990000501483 3871 Margaret  91 $45,151.7 3/17/11 90 $155000
4/17/96 92008 179 05 3.25 2501483 $45,500. Carlsbad
49 10/17/96 02 173 1 18.00 $225,000.


CA 12. 2 106990000501486 8841 Brooke AVE 91 $36,754.31 4/24/11 95 $199900
4/24/96 92683 180 05 3.75 2501486 $37,450. Westminister
23 7/24/96 00 174 1 18.00 $249,900.

CA 11. 2 106990000501487 4283 Bakman  91 $44,213.46 4/10/21 90 $360000
5/10/96 91602 299 05 2.75 2501487 $45,000. North Hollywood
35 8/10/96 02 294 1 18.00 $450,000.


CA 7.25 2 106990000501489 1025 Harker AVE 91 $58,907.74 5/1/21 90 $480000
4/26/96 94301 300 05 2.75 2501489 $60,000. Palo Alto
34 10/26/96 00 295 1 18.00 $600,000.







<PAGE>
FL 7.25 2 112990000501494 1151 Bristol AVE 91 $39,543.36 4/15/11 94 $229728
5/15/96 33325 179 05 3.50 2501494 $40,000. Davie
27 11/15/96 03 174 1 18.00 $287,000.

CA 10.5 2 106990000501495 17 ST Laurient 81 $39,823.8 4/1/21 65 $221912
4/16/96 92657 299 05 2.25 2501495 $40,200. Newport Coast
37 7/16/96 06 294 1 18.00 $407,500.


UT 12. 2 149990000501499 5636 W 11200 N 91 $38,189.8 4/9/11 95 $174750
5/9/96 84003 179 05 3.75 2501499 $39,000. Highland
39 0 03 174 1 18.00 $225,000.

CA 11. 2 106990000501500 3541 Thacher  91 $48,950.74 4/24/21 84 $269185
4/24/96 93023 300 05 2.75 2501500 $50,000. Ojai
44 7/24/96 02 294 1 18.00 $380,000.


OR 11. 2 141990000501501 1255 Vista AVE  91 $18,342.95 4/15/21 90 $69963
5/15/96 97302 299 05 2.75 2501501 $20,000. Salem
41 8/15/96 03 294 1 18.00 $100,000.

CA 11.5 2 106990000501502 10724 Morada 91 $98,944.57 3/15/21 90 $650000
4/15/96 92668 299 05 3.25 2501502 $100,000. Orange
36 10/15/96 00 293 1 18.00 $842,500.


CA 10.5 2 106990000501504 1467 Braeburn  91 $38,517.86 4/24/21 90 $312000
4/24/96 91001 300 05 2.25 2501504 $39,000. Altadena (area)
44 7/24/96 00 294 1 18.00 $390,000.

UT 10.5 2 149990000501505 827 N 60 E 91 $37,084.27 5/1/21 90 $60800
4/25/96 84057 300 05 2.25 2501505 $42,700. Orem
48 7/25/96 06 295 1 18.00 $115,000.


CA 8.75 2 106990000501506 222 N Olympia  81 $1,912.99 3/22/21 80 $151000
4/22/96 92669 299 05 0.50 2501506 $25,000. Orange
44 7/23/96 06 293 1 18.00 $220,000.

CA 7.25 2 106990000501508 2769 Hennesy DR 91 $33,785.29 5/1/11 95 $183600
5/3/96 95148 179 05 3.75 2501508 $34,425. San Jose
38 11/3/96 00 175 1 18.00 $229,500.



<PAGE>
HI 10.5 2 115990000501511 1333 Kaeleku  91 $45,420.31 4/25/21 90 $304174
4/25/96 96825 300 03 2.25 2501511 $46,000. Honolulu
43 7/25/96 06 294 1 18.00 $390,000.






CA 11.5 2 106990000501512 15504 Ceres AVE 91 $21,896.36 4/24/11 95 $82500
4/24/96 92335 180 05 3.25 2501512 $22,000. Fontana
40 7/24/96 06 174 1 18.00 $110,000.

CA 11. 2 106990000501513 10052 Furlong  91 $54,774.05 4/10/21 90 $446000
5/10/96 92705 299 05 2.75 2501513 $55,750. Santa Ana Area
43 8/10/96 00 294 1 18.00 $558,000.


CA 7.25 2 106990000501514 2247 Creekbed  91 $38,936.96 3/19/21 90 $316000
4/19/96 95054 299 05 3.25 2501514 $39,500. Santa Clara
45 10/19/96 00 293 1 18.00 $395,000.

NH 10.5 2 133990000501519 12 Bear Hill RD 91 $37,155.28 5/1/21 90 $189150
4/26/96 03087 300 05 2.25 2501519 $37,800. Windham
36 7/26/96 00 295 1 18.00 $252,250.


CA 10.5 2 106990000501523 640 E William ST 91 $21,356.38 3/9/21 90 $173600
4/9/96 95112 299 05 2.25 2501523 $21,700. San Jose
40 7/10/96 00 293 1 18.00 $217,000.

CA 10.5 2 106990000501525 3885 Grandbrook  90 $43,407.35 3/24/11 95 $127000
4/24/96 95111 179 05 3.75 2501525 $44,000. San Jose
42 0 02 173 1 18.00 $180,000.


CA 8.75 2 106990000501534 1287 Farringdon  91 $3,501.5 5/1/21 86 $136800
4/18/96 95127 300 05 0.50 2501534 $10,000. San Jose
42 7/18/96 01 295 1 18.00 $171,000.

CO 12. 2 108990000501537 143 Kilgore ST 91 $31,275.72 4/23/21 95 $72000
4/23/96 80911 300 05 3.75 2501537 $31,500. Colorado Springs
36 7/23/96 02 294 1 18.00 $109,000.



<PAGE>
CA 10.5 2 106990000501540 3630 Santa Clara  91 $22,910.94 3/19/21 90 $196000
4/19/96 91720 299 05 2.25 2501540 $23,000. Corona
38 7/19/96 01 293 1 18.00 $245,000.

CA 11.5 2 106990000501544 5133 Perkins RD 91 $11,194.92 4/25/21 87 $85209
4/25/96 93033 300 01 3.25 2501544 $13,500. Oxnard
50 7/25/96 02 294 1 18.00 $114,000.


CA 9.5 2 106990000501547 17672  91 $18,221.69 4/19/11 91 $110000
4/19/96 95446 180 05 1.25 2501547 $25,000. GUERNEVILLE
33 7/19/96 06 174 1 18.00 $149,000.






CA 10.25 2 106990000501552 1754 E Stuart  91 $12,361.42 4/19/21 90 $108319
4/19/96 93710 300 05 2.00 2501552 $12,500. Fresno
20 7/19/96 06 294 1 18.00 $135,000.

CA 7.25 2 106990000501553 3339 Helen LN 81 $12,456.44 4/14/21 80 $265000
5/14/96 94549 299 05 0.50 2501553 $21,400. Lafayette
39 11/14/96 06 294 1 18.00 $358,000.


CA 11. 2 106990000501554 10339 Oso AVE 91 $84,360.95 3/19/21 83 $176275
4/19/96 91311 299 05 2.75 2501554 $100,000. Chatsworth Area
31 7/19/96 06 293 1 18.00 $335,000.

CA 10.5 2 106990000501559 1430 Avenida De  91 $41,831.71 3/18/21 90 $338400
4/18/96 90272 299 03 2.25 2501559 $42,300. Los Angeles
42 7/18/96 00 293 1 18.00 $423,000.


CA 7.25 2 106990000501574 203 Bay Hill DR 91 $26,803.87 3/15/11 90 $297500
4/15/96 92660 179 01 2.75 2501574 $50,000. Newport Beach
41 10/15/96 02 173 1 18.00 $390,000.

CO 9.25 2 108990000501579 1080 W Caribou  81 $102,393.98 3/23/21 76 $68125
4/23/96 80132 299 05 1.00 2501579 $150,000. Monument
36 0 02 293 1 18.00 $290,000.



<PAGE>
CA 11. 2 106990000501583 7527 Teak WAY 91 $30,935.7 4/20/21 90 $157500
4/20/96 91730 300 05 2.75 2501583 $31,500. Rancho
45 7/20/96 06 294 1 18.00 $210,000.

CA 8.5 2 106990000501584 35893 Bella Vista  81 $19,699.12 3/15/21 70 $85000
4/15/96 ****** 299 05 0.25 2501584 $20,000. Yucaipa
30 7/15/96 03 293 1 18.00 $150,000.


CA 9.25 2 106990000501588 2152 Pine ST 81 $44,406.03 3/15/21 72 $452708
4/15/96 92103 299 05 1.00 2501588 $50,000. San Diego
49 7/15/96 06 293 1 18.00 $700,000.

CA 8.75 2 106990000501592 660 Webber ST 80 $16,885.42 4/19/11 80 $175000
4/19/96 94559 180 05 0.50 2501592 $17,000. Napa
44 7/19/96 06 174 1 18.00 $240,000.


CA 10.5 2 106990000501593 1093 Camino  91 $38,243.77 5/1/21 90 $192000
4/26/96 94596 300 09 2.25 2501593 $38,400. Walnut Creek
39 7/26/96 00 295 1 18.00 $256,000.






WA 12. 2 153990000501595 32724 20th AVE  91 $10,803.01 4/15/11 95 $128815
5/15/96 98023 179 05 3.75 2501595 $10,800. Federal Way
44 8/15/96 03 174 1 18.00 $147,000.

CA 9.25 2 106990000501597 7629 Hazel AVE 81 $34,348.9 4/8/21 74 $111967
5/8/96 95622 299 05 1.00 2501597 $35,000. Orangevale
36 8/8/96 03 294 1 18.00 $200,000.


CA 10.75 2 106990000501599 36 Cinnamon LN 91 $86,832.92 4/25/21 90 $442500
4/25/96 90275 300 05 2.50 2501599 $88,500. Rancho Palos
28 7/25/96 06 294 1 18.00 $590,000.

UT 7.25 2 149990000501600 1607 N 390 E 91 $9,904.17 4/15/21 90 $119542
5/15/96 84062 299 05 2.75 2501600 $10,000. Pleasant Grove
44 11/15/96 03 294 1 18.00 $145,000.



<PAGE>
NM 6.99 2 135990000501601 10331 Arroyo  91 $8,561.98 5/1/21 90 $102750
4/24/96 87114 300 03 2.00 2501601 $20,550. Albuquerque
45 7/24/96 00 295 1 18.00 $137,000.

CA 8.75 2 106990000501602 6834 La Presa DR 81 $37,669.84 3/8/21 69 $190000
4/8/96 91775 299 05 0.50 2501602 $50,000. San Gabriel Area
32 7/8/96 06 293 1 18.00 $350,000.


CA 10.5 2 106990000501604 323 W Hillsdale  91 $31,636.7 4/23/21 90 $256000
4/23/96 94403 300 05 2.25 2501604 $32,000. San Mateo
33 7/23/96 00 294 1 18.00 $320,000.

CA 10.5 2 106990000501609 12 Alba W 91 $13,243.93 3/11/21 84 $205550
4/11/96 92720 299 03 2.25 2501609 $25,000. Irvine
33 7/11/96 06 293 1 18.00 $277,500.


CA 10.5 2 106990000501610 24952 Priscilla  91 $29,893.38 3/20/21 85 $232000
4/20/96 92629 299 05 2.25 2501610 $30,000. Dana Point
39 7/20/96 03 293 1 18.00 $310,000.

CA 11. 2 106990000501611 16611  91 $9,509.53 3/15/21 88 $288414
4/15/96 90703 299 05 2.75 2501611 $36,000. Cerritos
36 7/15/96 06 293 1 18.00 $370,000.


CA 10.5 2 106990000501614 1055 Tarento DR 91 $42,555.67 3/11/21 89 $271736
4/11/96 ****** 299 05 2.25 2501614 $43,000. San Diego
43 7/11/96 06 293 1 18.00 $355,000.






CA 7.25 2 106990000501617 2845 Riachuelo 91 $35,758.35 3/18/21 90 $195000
4/18/96 92673 299 03 2.25 2501617 $39,000. San Clemente
32 10/18/96 06 293 1 18.00 $260,000.

CA 10.5 2 106990000501618 2268 Montserrat  91 $4,863.18 3/17/21 86 $275900
4/17/96 91709 299 05 2.25 2501618 $50,000. Chino Hills
39 7/17/96 06 293 1 18.00 $380,000.



<PAGE>
CA 10.25 2 106990000501619 35 Woodgrove 91 $44,609.14 3/9/21 89 $254987
4/9/96 92714 299 05 2.00 2501619 $45,000. Irvine
29 7/9/96 02 293 1 18.00 $340,000.

CA 9.25 2 106990000501621 10821 W Los  81 $27,335.14 3/10/21 80 $194950
4/10/96 91351 299 05 1.00 2501621 $27,850. Agua Dulce Area
47 9/1/96 00 293 1 18.00 $278,500.


CA 11.5 2 106990000501623 415 N Larkin DR 91 $14,162.8 3/12/21 90 $164000
4/12/96 91722 299 05 3.25 2501623 $25,000. Covina
46 7/12/96 06 293 1 18.00 $210,000.

CA 10.5 2 106990000501629 762 Myra WAY 91 $49,850.34 3/12/11 88 $230000
4/12/96 94127 179 05 2.25 2501629 $50,000. San Francisco
44 7/12/96 06 173 1 18.00 $320,000.


UT 11.5 2 149990000501630 1135 W 40 S 92 $26,487.71 4/25/11 100 $98500
4/25/96 84058 180 05 3.25 2501630 $26,500. Orem
31 0 06 174 1 18.00 $125,000.

CA 11.5 2 106990000501631 17412 Sybrandy  91 $39,233.51 2/27/21 90 $194730
3/27/96 90703 299 05 3.25 2501631 $66,000. Cerritos
42 9/27/96 01 292 1 18.00 $290,000.


FL 11.5 2 112990000501635 7306 SW 174th  91 $96,542.73 4/18/11 90 $487500
4/18/96 33157 180 05 3.25 2501635 $97,500. Miami
39 7/18/96 02 174 1 18.00 $650,000.

CA 7.25 2 106990000501640 2033 Hightower  91 $29,571.03 3/19/21 88 $312000
4/19/96 90068 299 05 2.25 2501640 $30,000. Los Angeles
26 10/19/96 01 293 1 18.00 $390,000.


CA 11. 2 106990000501643 3352 Pembridge  91 $17,692.63 4/15/21 85 $150000
4/15/96 91360 300 05 2.75 2501643 $20,000. Thousand Oaks
45 7/15/96 01 294 1 18.00 $200,000.







<PAGE>
CA 10.5 2 106990000501646 1336 Marguerite  91 $10,224.13 5/1/21 90 $51750
4/26/96 96021 300 05 2.25 2501646 $10,350. Corning
43 7/26/96 06 295 1 18.00 $69,000.

AZ 10.25 2 104990000501647 5813 N 4th PL 91 $9,887.06 5/1/21 89 $111000
4/24/96 85012 300 05 2.00 2501647 $40,000. PHOENIX
32 7/24/96 03 295 1 18.00 $170,000.


WA 9.25 2 153990000501651 12515 2nd ST SE 81 $34,562.08 5/1/21 76 $93243
4/24/96 ****** 300 05 1.00 2501651 $35,000. LAKE STEVENS
34 7/24/96 06 295 1 18.00 $170,000.

CA 11.5 2 106990000501653 929 Jamacha RD 91 $17,317.5 4/22/21 90 $73591
4/22/96 92019 300 01 3.25 2501653 $17,500. El Cajon
45 7/22/96 06 294 1 18.00 $101,500.


CA 10.5 2 106990000501655 320 Lake DR 91 $36,964.9 3/19/21 90 $186550
4/19/96 95006 299 05 2.25 2501655 $37,300. Boulder Creek
44 7/19/96 00 293 1 18.00 $248,750.

CA 7.25 2 106990000501664 19538 Turtle  91 $19,711.02 3/13/21 90 $160800
4/13/96 91326 299 03 2.75 2501664 $20,000. Los Angeles
37 10/13/96 01 293 1 18.00 $201,000.


CA 10.5 2 106990000501668 235 N 3rd ST 90 $19,319.04 3/15/11 88 $222400
4/15/96 95008 179 05 2.25 2501668 $20,000. Campbell
15 7/15/96 06 173 1 18.00 $278,000.

CA 12. 2 106990000501671 2551 Renata CT 91 $37,261.66 4/2/21 95 $200550
4/2/96 91361 300 01 3.75 2501671 $37,450. Thousand Oaks
49 7/1/96 00 294 1 18.00 $250,714.


CA 11.5 2 106990000501680 1476 San Benito  91 $67,073.57 4/19/21 93 $422000
4/19/96 94539 300 05 3.25 2501680 $67,800. Fremont
20 7/19/96 01 294 1 18.00 $528,000.

GA 11. 2 113990000501683 140 Old Mill CT 91 $17,600. 4/16/21 85 $142088
5/16/96 30214 299 05 2.75 2501683 $17,800. Fayetteville
46 8/16/96 03 294 1 18.00 $190,000.



<PAGE>
CA 7.25 2 106990000501685 25121 Sandia CT 91 $36,956.4 4/1/21 90 $298000
5/1/96 92653 299 05 2.25 2501685 $37,250. Laguna Hills
45 11/1/96 02 294 1 18.00 $372,500.






CA 7.25 2 106990000501692 221 Loma Corta  91 $42,549.12 3/12/21 90 $347100
4/12/96 92075 299 03 2.75 2501692 $43,300. Solano Beach
28 10/12/96 06 293 1 18.00 $435,000.

CA 7.25 2 106990000501693 310 Rose AVE 91 $16,980.23 5/1/21 88 $108750
5/14/96 93635 299 05 2.25 2501693 $17,500. Los Banos
39 11/14/96 01 295 1 18.00 $145,000.


UT 11. 2 149990000501701 308 E Park  91 $34,369.96 3/16/21 87 $73656
4/16/96 84115 299 05 2.75 2501701 $36,300. Salt Lake City
39 7/16/96 02 293 1 18.00 $127,000.

CA 7.25 2 106990000501705 1313 Trenton  91 $25,873.1 3/26/11 87 $140874
4/26/96 92667 179 05 2.75 2501705 $28,000. Orange
40 10/27/96 02 173 1 18.00 $196,000.


CA 7.25 2 106990000501708 29528 Harvester  81 $98,730.25 3/10/21 80 $695278
4/10/96 90265 299 05 1.00 2501708 $100,000. Malibu
33 10/10/96 06 293 1 18.00 $1,000,000.

CA 7.25 2 106990000501711 3728 Hennessy PL 91 $16,919.96 3/18/21 90 $144800
4/18/96 95403 299 05 2.75 2501711 $18,000. Santa Rpsa
32 10/18/96 02 293 1 18.00 $181,000.


OR 7.25 2 139990000501744 14733 SW  91 $22,936.41 3/19/11 95 $38201
4/19/96 97007 179 01 3.75 2501744 $23,500. Beaverton
43 10/19/96 02 173 1 18.00 $65,000.

CA 7.25 2 106990000501747 1231 9th ST 91 $18,488.15 3/22/21 90 $93750
4/22/96 90401 299 01 2.50 2501747 $18,700. Santa Monica
28 10/22/96 06 293 1 18.00 $125,000.



<PAGE>
CA 7.25 2 106990000501760 925 Peninsula  91 $49,411.92 3/17/21 87 $598000
4/17/96 94025 299 05 3.25 2501760 $50,000. Menlo Park
34 10/17/96 02 293 1 18.00 $750,000.

FL 7.25 2 106990000501771 9113 Talway CIR 91 $17,712.71 4/14/21 88 $126812
5/14/96 33437 299 03 3.25 2501771 $25,000. Boynton Beach
49 11/14/96 03 294 1 18.00 $173,000.


WA 7.25 2 153990000501773 351 N Kansas  81 $17,570.44 4/13/21 59 $39985
5/13/96 98802 299 05 0.50 2501773 $20,000. East Wenatchee
43 11/13/96 03 294 1 18.00 $102,000.






CA 9.75 2 106990000501775 642 Norvell ST 81 $32,874.2 5/16/21 80 $118655
5/16/96 94530 300 05 1.50 2501775 $33,000. El Cerrito
46 8/16/96 02 295 1 18.00 $190,000.

UT 10.5 2 149990000501776 3366 S Cheerful  91 $9,806.96 4/16/21 90 $80000
5/16/96 84120 299 05 2.25 2501776 $10,000. West Valley
40 8/16/96 03 294 1 18.00 $100,000.


CA 11.5 2 106990000501777 1235 Rider AVE 91 $19,480.32 3/18/11 95 $104000
4/18/96 93905 179 05 3.25 2501777 $19,500. Salinas
46 0 06 173 1 18.00 $130,000.

CA 7.25 2 106990000501779 824 Maison WAY 91 $53,058.51 3/26/21 90 $207000
4/26/96 94803 299 05 3.25 2501779 $54,000. Richmond
41 10/26/96 01 293 1 18.00 $291,000.


CA 12. 2 106990000501780 6275 E Quartz LN 91 $25,721.08 4/16/11 93 $168800
5/16/96 92807 179 03 3.75 2501780 $26,200. Anaheim
25 8/16/96 01 174 1 18.00 $211,000.

CA 7.25 2 106990000501781 4289 Oakwood  91 $7,204.72 3/25/21 85 $173000
4/25/96 94521 299 05 2.25 2501781 $25,000. Concord
45 10/25/96 06 293 1 18.00 $233,000.



<PAGE>
CO 8.75 2 108990000501815 5915 Oneida ST 81 $5,651.02 3/26/21 68 $13000
4/26/96 80022 299 05 0.50 2501815 $40,000. Commerce City
35 7/26/96 06 293 1 18.00 $79,000.

CA 8.75 2 106990000501817 4111 Broadway 91 $4,796.5 3/16/21 81 $103600
4/16/96 90255 299 05 0.50 2501817 $32,400. Huntington Park
42 7/17/96 06 293 1 18.00 $168,000.


CA 7.25 2 106990000501821 1807 Shipway  91 $39,383.74 3/25/11 85 $130000
4/25/96 90815 179 05 3.25 2501821 $40,000. Long Beach
49 10/25/96 02 173 1 18.00 $200,000.

CA 11. 2 106990000501823 551 W Whitney  91 $34,301.82 3/15/21 85 $161452
4/15/96 93545 299 05 2.75 2501823 $34,650. Lone Pine
45 7/15/96 06 293 1 18.00 $231,000.


CA 7.25 2 106990000501829 32081 Canterhill  81 $45,049.49 3/25/21 70 $428000
4/25/96 91361 299 05 1.50 2501829 $97,000. Westlake Village
44 10/25/96 01 293 1 18.00 $750,000.






WA 7.25 2 153990000501831 4607 Woodland  91 $18,724.2 4/18/21 90 $149593
5/18/96 98103 299 05 2.25 2501831 $36,000. Seattle
41 11/18/96 03 294 1 18.00 $207,000.

GA 7.25 2 113990000501833 3767 Rogers CV 91 $13,795.81 3/29/21 90 $112600
4/29/96 30136 299 05 2.75 2501833 $14,000. Duluth
41 10/29/96 00 293 1 18.00 $140,750.


CA 7.25 2 106990000501835 6956 Mesa  92 $28,500.79 3/25/11 100 $78359
4/25/96 95828 179 05 3.25 2501835 $29,000. Sacramento
25 10/25/96 06 173 1 18.00 $108,000.

CA 11.5 2 106990000501838 335 E Villanova  91 $18,318.27 3/18/11 89 $207000
4/18/96 93023 179 05 3.25 2501838 $23,000. Ojai
45 0 03 173 1 18.00 $260,000.



<PAGE>
CA 9.25 2 106990000501842 34192 Finnigan  91 $54,999.33 3/25/21 82 $193000
4/25/96 94555 299 03 1.00 2501842 $55,000. Fremont
42 7/25/96 01 293 1 18.00 $305,000.

CA 10.5 2 106990000501844 19015 Cliveden  91 $14,544.36 3/19/21 90 $170000
4/19/96 90746 299 05 2.25 2501844 $25,000. Carson
41 7/19/96 06 293 1 18.00 $217,000.


WA 7.25 2 153990000501846 524 E  81 $87,604.28 3/25/21 80 $65000
4/25/96 99208 299 05 1.00 2501846 $94,000. Spokane
29 10/25/96 06 293 1 18.00 $200,000.

CA 10.25 2 106990000501847 526 W Enterprise  91 $22,946.33 4/19/21 85 $205700
4/19/96 93611 300 05 2.00 2501847 $25,000. Clovis
20 7/19/96 06 294 1 18.00 $274,325.


CA 10.5 2 106990000501848 1837 Vallejo ST 91 $14,766.02 3/22/21 86 $107850
4/22/96 93955 299 05 2.25 2501848 $14,950. Sea Side
45 7/22/96 00 293 1 18.00 $143,800.

CA 11.5 2 106990000501852 23022 Vanowen  92 $33,528.17 3/29/11 100 $137293
4/29/96 91307 179 05 3.25 2501852 $34,000. West Hills Area
43 0 06 173 1 18.00 $172,000.


CA 11. 2 106990000501856 668 Enright AVE 91 $29,443.07 3/24/21 90 $179000
4/24/96 95050 299 05 2.75 2501856 $29,800. Santa Clara
35 7/24/96 06 293 1 18.00 $232,000.






CA 11. 2 106990000501857 2401 Fallen DR 91 $19,744.94 3/22/21 90 $248800
4/22/96 91748 299 05 2.75 2501857 $30,000. Rowland Heights
40 7/22/96 01 293 1 18.00 $311,000.

FL 9. 2 112990000501861 2305 Floyd ST 91 $19,748.55 5/1/21 95 $75000
4/19/96 34239 300 05 0.75 2501861 $20,000. Sarasota
27 7/19/96 06 295 1 18.00 $100,000.



<PAGE>
IL 7.25 2 117990000501864 3134 N Orchard 91 $42,777.11 5/20/21 90 $349550
5/20/96 60657 300 01 3.25 2501864 $43,650. Chicago
37 11/20/96 06 295 1 18.00 $436,940.

OR 11.5 2 141990000501866 1824 SE Taggart 92 $34,687.4 4/20/11 100 $65253
5/20/96 97202 179 05 3.25 2501866 $34,700. Portland
42 0 03 174 1 18.00 $100,000.


OR 9.25 2 141990000501871 7641 SE 36th  81 $16,064.57 4/20/21 71 $89785
5/20/96 97202 299 05 1.00 2501871 $45,000. Portland
49 8/20/96 03 294 1 18.00 $190,000.

MI 7.25 2 126990000501877 10489 Rangeline  91 $10,112.21 5/21/21 88 $180000
5/21/96 49103 300 05 3.25 2501877 $30,000. Berrien Springs
41 11/21/96 06 295 1 18.00 $240,000.


UT 9. 1 149990000501885 8757 W Helen DR 81 $19,187.53 4/20/21 68 $0
5/20/96 84044 299 05 0.75 2501885 $50,000. Magna
21 8/20/96 06 294 1 18.00 $74,000.

NV 7.25 2 132990000501888 5875 Janell RD 81 $32,455.86 4/17/21 80 $140997
5/17/96 89129 299 05 0.50 2501888 $33,000. Las Vegas
34 11/17/96 06 294 1 18.00 $220,000.


UT 7.25 2 149990000501889 3636 W Larry  91 $21,835.6 4/20/11 95 $82500
5/20/96 84120 179 05 3.50 2501889 $22,000. West Valley City
29 11/20/96 03 174 1 18.00 $110,000.

CA 11. 2 106990000501893 19304 First AVE 91 $9,492.88 4/16/21 90 $54000
5/16/96 96094 299 05 2.75 2501893 $10,800. Weed
39 8/16/96 06 294 1 18.00 $72,000.


CA 11. 2 106990000501896 26462 Loma  91 $39,796.97 4/18/21 90 $202000
5/18/96 92691 299 05 2.75 2501896 $41,000. Mission Viejo
44 8/18/96 06 294 1 18.00 $270,000.







<PAGE>
CA 10.5 2 106990000501899 3421 Summerset  91 $12,675.55 4/15/21 90 $198750
5/15/96 92626 299 03 2.25 2501899 $39,700. Costa Mesa
40 8/15/96 00 294 1 18.00 $265,000.

CA 13. 2 106990000501914 5048 Hillcrest  91 $79,427.94 5/14/11 100 $244798
5/14/96 94588 180 05 3.75 2501914 $80,000. Pleasanton
32 0 03 175 1 18.00 $325,000.


ID 7.25 2 116990000501915 805 North ST 81 $10,823.77 3/26/21 78 $36258
4/26/96 83522 299 05 0.25 2501915 $11,000. Cottonwood
19 10/26/96 06 293 1 18.00 $60,700.

CA 11. 2 106990000501918 10821 Colusa ST 91 $25,624.6 4/20/21 90 $131250
5/20/96 91701 299 05 2.75 2501918 $26,250. Rancho
44 8/20/96 00 294 1 18.00 $175,000.


CA 11.5 2 106990000501921 2308 Monserat  91 $37,021.35 6/1/21 86 $336000
5/24/96 94002 300 05 3.25 2501921 $50,000. Belmont
32 8/24/96 06 296 1 18.00 $450,000.

CA 7.25 2 106990000501925 1320 Bancroft  91 $53,606.05 3/30/21 90 $103000
4/30/96 94702 299 05 3.75 2501925 $54,500. Berkeley
48 10/30/96 06 294 1 18.00 $175,000.


WA 7.25 2 153990000501932 2827 Deer Island  81 $44,234.37 3/30/21 76 $444891
4/30/96 98390 299 05 2.25 2501932 $45,000. Sumner
37 10/30/96 06 294 1 18.00 $650,000.

WA 7.25 2 153990000501936 19414 Aurora  91 $18,674.6 3/29/21 90 $97674
4/29/96 98133 299 01 2.25 2501936 $19,000. Seattle
37 10/29/96 02 293 1 18.00 $130,000.


CA 10.5 2 106990000501944 11002 Odessa  91 $47,795.38 5/1/21 88 $105000
4/23/96 91344 300 05 2.25 2501944 $48,000. Granada Hills
44 7/23/96 02 295 1 18.00 $175,000.

CA 11.75 2 106990000501948 9483 Thunderbird  92 $30,321.61 4/17/11 100 $306700
5/17/96 94583 179 05 3.50 2501948 $34,000. San Ramon
35 0 00 174 1 18.00 $340,800.



<PAGE>
UT 11. 2 149990000501950 8090 W Emerson  91 $21,009.07 5/1/21 90 $55250
4/25/96 84044 300 05 2.75 2501950 $21,250. Magna
43 7/25/96 06 295 1 18.00 $85,000.






CA 9.25 2 106990000501961 3225 Vichy AVE 81 $20,374.53 6/1/21 75 $198926
5/15/96 94558 300 05 1.00 2501961 $20,500. Napa
49 8/15/96 06 296 1 18.00 $293,000.

WA 9.25 2 153990000501962 3523 NE 187th ST 81 $6,741.82 4/21/21 79 $128987
5/21/96 98155 299 05 1.00 2501962 $20,000. Lake Forest Park
43 8/21/96 06 294 1 18.00 $189,000.


CA 9.25 2 106990000501971 1120 W Riviera  81 $63,582.45 4/21/21 81 $159083
5/21/96 92706 299 05 1.00 2501971 $65,000. Santa Ana
22 8/21/96 06 294 1 18.00 $280,000.

ID 12. 2 116990000501973 2307 E Franklin  91 $29,400. 6/3/11 98 $155320
5/29/96 83642 180 05 3.75 2501973 $30,000. Meridian
27 0 02 176 1 18.00 $190,000.


CA 9.75 2 106990000501977 18 Creekside CT 81 $31,024.1 4/1/21 80 $227804
5/1/96 94402 299 09 1.50 2501977 $31,500. San Mateo
48 8/1/96 02 294 1 18.00 $325,000.

CA 11. 2 106990000501978 560 N Church  91 $25,352.64 5/1/21 90 $83000
4/22/96 92376 300 05 2.75 2501978 $25,900. Rialto
38 7/22/96 06 295 1 18.00 $121,000.


UT 11. 2 149990000501986 2161 E 40 N 91 $39,576.99 5/21/21 89 $88502
5/21/96 84790 300 05 2.75 2501986 $40,000. St George
39 8/21/96 02 295 1 18.00 $145,000.

CA 7.25 2 106990000502001 119 Chace ST 91 $21,930.68 3/29/21 90 $224000
4/29/96 95060 299 05 2.25 2502001 $34,000. Santa Cruz
26 10/29/96 06 293 1 18.00 $289,000.



<PAGE>
WA 12. 2 153990000502003 10611 123rd  92 $25,053.63 4/1/11 100 $142000
5/1/96 98258 179 05 3.75 2502003 $35,500. Lake Stevens
49 0 06 174 1 18.00 $177,500.

MI 7.25 2 126990000502006 20980 Santia CT 91 $19,497.09 5/22/11 91 $146000
5/22/96 48038 180 05 3.25 2502006 $30,000. Clinton Township
45 11/22/96 06 175 1 18.00 $195,000.


CA 10.25 2 106990000502007 51 Rishell DR 91 $32,595.81 3/30/11 88 $230000
4/30/96 94619 179 03 2.00 2502007 $32,800. Oakland
22 0 06 174 1 18.00 $300,000.






CA 7.25 2 106990000502014 7811 Dalewoods  91 $49,558.24 3/30/21 85 $72473
4/30/96 95828 299 05 3.25 2502014 $50,000. Sacramento
50 10/30/96 06 294 1 18.00 $145,000.

CA 8.75 2 106990000502023 4040 Golden  81 $40,527.24 5/1/21 78 $168325
4/29/96 95245 300 05 0.50 2502023 $50,000. Mokelumne
42 7/29/96 06 295 1 18.00 $282,000.


MT 7.25 2 130990000502024 4350 Whitefish  91 $23,079.13 4/1/21 90 $189200
5/1/96 59937 299 05 2.25 2502024 $23,600. Whitefish
43 11/1/96 02 294 1 18.00 $236,500.

CA 9.25 2 106990000502026 12 Sorrento CT 91 $47,100. 5/30/21 95 $250490
5/30/96 92657 300 01 3.25 2502026 $47,100. Newport Coast
42 11/30/96 01 296 1 18.00 $315,000.


MI 7.25 2 126990000502034 4981 Countryside  91 $19,749.05 5/21/21 90 $243500
5/21/96 48323 300 05 3.00 2502034 $49,000. West Bloomfield
21 11/21/96 06 295 1 18.00 $325,000.

GA 7.25 2 113990000502037 6542 Garrett RD 91 $30,824.97 4/13/21 88 $112718
5/13/96 30518 299 05 2.00 2502037 $45,000. Buford
25 11/13/96 06 294 1 18.00 $180,000.



<PAGE>
CA 12.5 2 106990000502043 11061 Malone ST 91 $10,100. 4/21/11 95 $130400
5/21/96 91730 179 05 4.25 2502043 $10,100. Rancho
46 0 06 174 1 18.00 $148,000.

MN 11. 2 127990000502048 9170 Larkspur LN 91 $29,891.79 5/1/21 87 $187500
4/22/96 55347 300 05 2.75 2502048 $30,000. Eden Prairie
33 7/22/96 01 295 1 18.00 $250,000.


UT 9.25 2 149990000502049 1290 N 1450 E 81 $44,306.62 4/20/21 80 $68250
5/20/96 84040 299 05 1.00 2502049 $50,000. Layton
42 8/20/96 06 294 1 18.00 $148,000.

CO 7.25 2 108990000502053 6706 Majestic DR 91 $32,360.3 4/22/21 90 $255251
5/22/96 80525 299 05 3.00 2502053 $32,700. Fort Collins
29 11/22/96 00 294 1 18.00 $321,000.


UT 10.5 2 149990000502076 538 W 1020 S 91 $16,077.63 4/22/21 90 $97500
5/22/96 84601 299 05 2.25 2502076 $19,000. Provo
44 8/22/96 06 294 1 18.00 $130,000.






CA 9.75 1 106990000502078 2830 Pruneridge  81 $78,513.02 4/22/21 28 $0
5/22/96 95051 299 05 1.50 2502078 $100,000. Santa Clara
28 8/22/96 06 294 1 18.00 $365,000.

CA 6.99 2 106990000502080 1901 Devil View  91 $98,925.19 6/10/21 88 $231700
7/10/96 94595 299 05 2.75 2502080 $100,000. Wanut Creek
20 10/10/96 06 296 1 18.00 $380,000.


MA 7.25 2 125990000502084 7 Columbia RD 90 $30,000. 11/16/11 100 $292500
5/16/96 02359 186 05 3.00 2502084 $32,500. Pembroke
28 11/16/96 06 181 1 18.00 $325,000.

CO 7.25 2 108990000502104 3908 S Dawson  90 $33,891.53 5/8/11 95 $284000
5/8/96 80014 180 05 4.25 2502104 $50,000. Aurora
42 11/8/96 06 175 1 18.00 $355,000.



<PAGE>
MI 7.25 2 126990000502106 6851 Crestway 90 $39,410.65 5/23/11 90 $232000
5/23/96 48301 180 05 3.25 2502106 $45,200. Bloomfield Hills
35 11/23/96 06 175 1 18.00 $308,000.

WI 10.5 2 155990000502108 2290 Brick DR 91 $9,787.4 5/1/21 86 $74250
4/17/96 54303 300 05 2.25 2502108 $10,000. Green Bay
38 7/17/96 02 295 1 18.00 $99,000.


CA 12. 2 106990000502111 1203 Oxford AVE 91 $13,051.79 4/7/11 85 $209228
5/7/96 94087 179 05 3.75 2502111 $28,000. Sunnyvale
37 0 01 174 1 18.00 $282,000.

CA 10.5 2 106990000502112 10545 McBroom  91 $10,258.33 4/3/21 90 $180000
5/3/96 91040 299 05 2.25 2502112 $22,500. Los Angeles
37 8/3/96 03 294 1 18.00 $225,000.


CA 7.25 2 106990000502113 950 N Kings RD 91 $24,990.62 4/1/21 90 $86538
5/1/96 90069 299 01 2.75 2502113 $25,500. West Hollywood
50 0 01 294 1 18.00 $125,000.

CA 11. 2 106990000502114 5406 Sharynne  91 $49,353.39 3/24/21 89 $304735
4/24/96 90505 299 05 2.75 2502114 $50,000. Torrance
39 7/24/96 06 293 1 18.00 $400,000.


WA 11. 2 153990000502117 1101 N 8 ST 91 $22,384.04 3/25/21 83 $84825
4/25/96 98273 299 05 2.75 2502117 $22,500. Mount Vernon
50 7/25/96 02 293 1 18.00 $130,000.






WA 7.25 2 153990000502118 5760 25th AVE  91 $19,426.24 3/27/21 84 $112500
4/27/96 98105 299 05 1.00 2502118 $20,000. Seattle
30 10/27/96 02 293 1 18.00 $159,000.

CA 7.25 2 106990000502120 10583 Semillion  91 $11,953.36 3/24/11 95 $101584
4/24/96 95670 179 05 3.75 2502120 $12,000. Rancho Cordova
34 10/24/96 02 173 1 18.00 $120,000.



<PAGE>
CA 9.25 1 106990000502123 321 Eunice CIR 81 $39,415.69 3/29/11 25 $0
4/29/96 90631 179 05 1.00 2502123 $40,000. La Habra
28 7/29/96 06 173 1 18.00 $160,000.

CA 7.25 2 106990000502124 28 Prestwick  91 $40,450.41 4/3/21 90 $343000
5/3/96 92679 299 05 3.25 2502124 $43,000. Coto De Caza
48 11/3/96 06 294 1 18.00 $430,000.


CA 7.25 2 106990000502125 11612 Betlen DR 91 $49,011.47 4/7/21 88 $205289
5/7/96 91367 299 05 2.75 2502125 $49,900. Dublin
46 11/7/96 02 294 1 18.00 $290,000.

CA 12.5 2 106990000502127 22162 Paso Del  91 $90,698.52 3/25/11 81 $373908
4/25/96 92677 179 05 4.25 2502127 $99,000. Laguna Beach
48 7/25/96 02 173 1 18.00 $590,000.


CA 7.25 2 106990000502130 1943 Ramona DR 91 $31,705.18 4/6/21 90 $264000
5/6/96 93010 299 05 2.25 2502130 $33,000. Camarillo
39 11/6/96 00 294 1 18.00 $330,000.

CA 8.75 2 106990000502131 5845 Penfield  81 $16,328.33 4/1/21 64 $385000
5/1/96 91367 299 05 0.50 2502131 $50,000. Woodland Hills
32 8/1/96 06 294 1 18.00 $680,000.


CA 7.25 2 106990000502134 781 Owhanee CT 91 $30,669.35 4/3/11 95 $705000
5/3/96 94539 179 05 3.75 2502134 $31,200. Fremeont
27 11/3/96 01 174 1 18.00 $775,000.

CA 7.25 2 106990000502155 11661 Pincian  90 $35,062.54 4/14/21 90 $181700
5/14/96 92705 299 05 2.25 2502155 $36,300. Santa Ana
24 11/14/96 00 294 1 18.00 $242,333.


CO 12.5 2 108990000502156 13092 Spica DR 91 $34,500. 3/25/11 95 $91766
4/25/96 80124 179 05 4.25 2502156 $34,500. Littleton
45 0 02 173 1 18.00 $133,000.







<PAGE>
CA 7.25 2 106990000502157 300 Via Adarme 91 $47,581.82 4/14/21 90 $384000
5/14/96 90274 299 05 2.25 2502157 $48,000. Palos Verdes
31 11/14/96 00 294 1 18.00 $480,000.

NV 7.25 2 132990000502158 6366 Sparrow LN 91 $18,750. 3/18/11 95 $100000
4/18/96 89103 179 05 3.75 2502158 $18,750. Las Vegas
26 10/18/96 01 173 1 18.00 $125,000.


CA 7.25 2 106990000502159 1291 S Clayford  91 $23,765.43 4/8/21 90 $336000
5/8/96 91361 299 05 2.75 2502159 $42,000. Thousand Oaks
45 11/8/96 02 294 1 18.00 $420,000.

CO 12. 2 108990000502160 4832 S Hoyt ST 91 $14,600.89 3/24/11 95 $102000
4/24/96 80123 179 05 3.75 2502160 $14,800. Littleton
33 0 03 173 1 18.00 $123,000.


CO 11. 2 108990000502161 6864 Harlan ST 91 $23,945.43 3/27/21 89 $82936
4/27/96 80003 299 05 2.75 2502161 $25,000. Arvada
42 7/27/96 02 293 1 18.00 $122,000.

WA 10.75 2 153990000502162 26813 204 AVE  91 $28,827.57 5/14/11 84 $113868
5/9/96 98042 180 05 2.50 2502162 $30,100. Kent
29 0 02 175 1 18.00 $173,000.


CA 11.5 2 106990000502164 136 23 ST 91 $29,240.71 3/24/11 88 $222840
4/24/96 92627 179 09 3.25 2502164 $30,000. Costa Mesa
42 0 02 173 1 18.00 $288,000.

CA 8.75 2 106990000502167 1100 N Palo  81 $14,114.9 3/16/21 80 $266416
4/16/96 92669 299 05 0.50 2502167 $50,000. Orange
43 7/16/96 03 293 1 18.00 $400,000.


CO 8.75 2 108990000502168 291 Agate DR 91 $39,987.68 3/29/21 81 $74355
4/29/96 80126 299 03 0.50 2502168 $47,500. Highlands  Ranch
35 7/29/96 02 293 1 18.00 $151,000.

CA 7.25 2 106990000502169 7447 Lemp AVE 91 $20,095.07 4/1/11 95 $109600
5/1/96 91605 179 05 3.75 2502169 $20,250. North Hollywood
45 11/1/96 01 174 1 18.00 $137,000.



<PAGE>
CA 7.25 2 106990000502171 6420 Via Colinita 81 $93,347.11 4/2/11 77 $592221
5/2/96 90275 179 05 3.75 2502171 $95,000. Rancho Palos
43 11/2/96 03 174 1 18.00 $898,000.






CO 8.5 2 108990000502172 3713 S Summit  81 $47,500. 3/30/21 76 $194752
4/30/96 80439 299 05 0.25 2502172 $50,000. Evergreen
26 7/30/96 02 294 1 18.00 $325,000.

CA 12. 2 106990000502173 986 Eden LN 91 $32,088.37 5/1/11 95 $138585
5/1/96 92020 180 03 3.75 2502173 $32,400. El Cajon
37 7/1/96 02 175 1 18.00 $180,000.


CA 11.5 2 106990000502174 3230 D ST 90 $71,419.66 4/25/11 87 $210626
4/25/96 94541 180 05 3.25 2502174 $72,000. Hayward
42 7/25/96 06 174 1 18.00 $325,000.

CA 9.25 2 106990000502176 341 23rd ST 81 $4,828.51 4/26/21 36 $462022
4/26/96 90402 300 05 1.00 2502176 $50,000. Santa Monica
27 7/26/96 01 294 1 18.00 $1,425,000.


UT 7.25 2 149990000502177 2841 E Robidoux  81 $129,916.93 4/7/21 80 $134052
5/7/96 84093 299 05 1.00 2502177 $143,000. Sandy
37 11/7/96 06 294 1 18.00 $350,000.

CA 7.25 2 106990000502179 7228 Calidris LN 91 $41,738.14 4/15/11 90 $341500
4/15/96 92009 180 03 3.25 2502179 $42,650. Carlsbad
43 10/15/96 06 174 1 18.00 $426,900.


CA 11. 2 106990000502181 12041 Crest CT 91 $79,624.99 5/1/21 84 $862500
5/1/96 90210 300 05 2.75 2502181 $100,000. Los Angeles
43 8/1/96 06 295 1 18.00 $1,150,000.

CA 11.5 2 106990000502183 940 Hoesch WAY 90 $44,031.71 5/3/11 88 $187000
5/3/96 95020 180 05 3.25 2502183 $44,200. Gilroy
46 8/3/96 02 175 1 18.00 $263,000.



<PAGE>
WA 11. 2 153990000502200 13919 SE 3rd PL 91 $20,544.2 5/22/11 91 $165500
5/22/96 98005 180 05 2.75 2502200 $21,000. Bellevue
43 8/22/96 06 175 1 18.00 $207,000.

WA 7.25 2 153990000502205 3214 45th AVE  81 $20,003.82 4/22/21 79 $71696
5/22/96 98116 299 05 0.25 2502205 $50,000. Seattle
22 11/22/96 02 294 1 18.00 $155,000.


UT 11.5 2 149990000502206 410 N 600 E 91 $82,900.41 4/21/21 87 $119830
5/21/96 84042 299 05 3.25 2502206 $85,000. Lindon
50 8/21/96 02 294 1 18.00 $236,000.






WA 8.75 2 153990000502208 236 153 PL SE 81 $5,876. 4/21/21 80 $112645
5/21/96 98007 299 05 0.50 2502208 $29,700. Bellevue
42 8/21/96 06 294 1 18.00 $178,000.

FL 7.25 2 112990000502211 2005 Princeton  81 $22,844.97 6/1/21 66 $32993
5/20/96 34207 300 05 2.00 2502211 $25,000. Bradenton
38 11/20/96 06 296 1 18.00 $89,000.


CA 11.5 2 106990000502216 2217 Newbury  91 $16,681.01 4/23/21 90 $90000
4/23/96 95240 300 05 3.25 2502216 $18,000. Lodi
34 7/23/96 06 294 1 18.00 $120,000.

OR 10.5 2 141990000502217 3052 Shoreline  91 $49,488.09 4/15/21 83 $68000
5/15/96 97146 299 05 2.25 2502217 $50,000. Warrenton
44 0 06 294 1 18.00 $143,000.


FL 8.75 2 112990000502219 687 NW 110th  81 $15,636.95 4/20/21 78 $131000
5/20/96 33071 299 05 0.50 2502219 $25,000. Coral Springs
33 0 06 294 1 18.00 $200,000.

WA 11. 2 153990000502220 25610 13th PL S 91 $17,676.3 4/15/21 90 $90000
5/15/96 98032 299 05 2.75 2502220 $18,000. Kent
40 0 01 294 1 18.00 $120,000.



<PAGE>
ID 7.25 2 116990000502221 1985 E Meadow  91 $31,960.23 3/24/11 95 $80000
4/24/96 83642 179 05 3.75 2502221 $32,000. Meridian
42 10/24/96 03 173 1 18.00 $118,000.

CA 12. 2 106990000502225 3361 Central AVE 91 $24,725.81 3/23/11 94 $144000
4/23/96 95747 179 05 3.75 2502225 $25,000. Roseville
30 0 01 173 1 18.00 $180,000.


CA 12.25 2 106990000502228 1588 Quail CT 91 $18,663.17 5/24/11 95 $91470
5/24/96 95380 180 05 4.00 2502228 $18,700. Turlock
43 0 01 175 1 18.00 $116,000.

WA 11. 2 153990000502229 1226 224th PL  91 $23,269.44 4/13/21 90 $117750
5/13/96 98021 299 05 2.75 2502229 $23,500. Bothell
37 0 02 294 1 18.00 $157,000.


CA 10.5 2 106990000502233 3233 Wonder  91 $5,961.1 4/17/21 86 $384000
5/17/96 90068 299 05 2.25 2502233 $25,000. Los Angeles
29 8/17/96 00 294 1 18.00 $480,000.






CO 7.25 2 108990000502239 6671 Baseline RD 81 $11,163.08 5/1/21 27 $5376
5/24/96 80303 299 05 0.75 2502239 $99,900. Boulder
28 11/24/96 06 295 1 18.00 $400,000.

CA 12. 2 106990000502240 3429 Santa Clara  91 $31,625.33 4/22/11 95 $171900
5/22/96 92626 179 05 3.75 2502240 $32,200. Costa Mesa
43 8/22/96 00 174 1 18.00 $214,900.


CA 10.5 2 106990000502243 2140 Vizcaya CIR 91 $35,569.48 5/3/21 90 $291150
5/3/96 95148 300 09 2.25 2502243 $36,400. San Jose
41 8/3/96 00 295 1 18.00 $363,990.

CA 11.5 2 106990000502244 934-936 Haven  91 $37,426.73 4/20/11 95 $204000
5/20/96 94063 179 05 3.25 2502244 $38,200. Redwood City
42 8/20/96 00 174 1 18.00 $255,000.



<PAGE>
CA 10.5 2 106990000502245 1975 Eucalyptus  91 $37,115.39 4/15/21 90 $303600
5/15/96 94070 299 05 2.25 2502245 $37,900. San Carlos
38 8/15/96 00 294 1 18.00 $379,500.

CA 10. 2 106990000502248 9415 Cherokee  81 $200,000. 3/2/11 78 $855000
4/2/96 90210 179 05 1.75 2502248 $200,000. Beverly Hills
41 7/2/96 03 173 1 18.00 $1,375,000.


FL 8.75 2 112990000502252 1351 SE 4th AVE 81 $25,502.58 5/1/21 80 $100000
4/26/96 33060 300 05 0.50 2502252 $36,000. Pompano Beasch
28 7/26/96 00 295 1 18.00 $171,000.

CA 10.5 2 106990000502254 5939 Mazuela DR 90 $38,500. 4/29/11 90 $348000
4/29/96 94611 180 05 2.25 2502254 $43,500. Oakland
35 7/29/96 03 174 1 18.00 $435,000.


CA 7.25 2 106990000502260 1152 El Abra  91 $14,712.66 4/10/11 93 $292160
5/10/96 95125 179 05 3.75 2502260 $15,000. San Jose
29 11/10/96 01 174 1 18.00 $332,000.

CA 7.25 2 106990000502261 70 Lansford CT 91 $61,167.64 4/9/21 90 $307500
5/9/96 94583 299 05 3.25 2502261 $61,500. San Ramon
46 11/9/96 06 294 1 18.00 $410,000.


AZ 7.25 2 104990000502264 650 N Alder DR 91 $48,924.57 4/24/21 89 $104150
5/24/96 85226 299 09 2.75 2502264 $50,000. Chandler
47 11/24/96 06 294 1 18.00 $175,000.






OR 7.25 1 141990000502265 653 Stearman ST 81 $20,751.01 4/24/21 28 $0
5/24/96 97351 299 05 0.75 2502265 $50,000. Independence
24 11/24/96 06 294 1 18.00 $180,000.

CA 11. 2 106990000502274 15928 E  91 $20,559.53 4/24/21 90 $105000
5/24/96 91744 299 05 2.75 2502274 $21,000. La Puente Area
35 8/24/96 06 294 1 18.00 $140,000.



<PAGE>
CA 7.25 2 106990000502275 2212 Kenilworth  91 $62,839.93 4/14/21 90 $340900
5/14/96 90039 299 05 3.00 2502275 $64,100. Los Angeles
27 11/14/96 02 294 1 18.00 $450,000.

CA 12.5 2 106990000502276 200 Monte Vista  91 $45,281.25 4/24/11 90 $368000
5/24/96 91024 179 05 4.25 2502276 $46,000. Sierra Madre
47 8/24/96 02 174 1 18.00 $460,000.


CA 11. 2 106990000502277 169 Arlington  91 $37,410.64 4/22/21 90 $305600
5/22/96 94707 299 05 2.75 2502277 $38,200. Kensington
43 8/22/96 00 294 1 18.00 $382,000.

CA 11. 2 106990000502280 1723 Glazier DR 91 $34,154.21 6/1/21 90 $172500
5/23/96 94521 300 05 2.75 2502280 $34,500. Concord
35 8/23/96 06 296 1 18.00 $230,000.


CA 7.25 2 106990000502281 738 Palma ST 81 $52,176.58 4/10/21 80 $140000
5/10/96 94018 299 05 1.00 2502281 $60,000. El Granada
45 11/10/96 03 294 1 18.00 $252,500.

CA 7.25 2 106990000502283 840 N Ogden DR 91 $28,472.8 4/9/21 90 $232000
5/9/96 90046 299 05 2.25 2502283 $29,000. Los Angeles
41 11/9/96 00 294 1 18.00 $290,000.


CA 7.25 2 106990000502286 3701 Mandeville  81 $32,716.79 3/22/21 75 $350000
4/22/96 90049 299 05 0.75 2502286 $150,000. Los Angeles
23 10/22/96 01 293 1 18.00 $675,000.

UT 11.5 2 149990000502287 762 E 950 N 91 $54,628.37 5/1/21 86 $47827
4/24/96 84057 300 05 3.25 2502287 $55,000. Orem
49 7/24/96 06 295 1 18.00 $120,000.


AZ 10.5 2 104990000502292 11011 N 39th ST 91 $17,385.05 6/1/21 89 $91000
5/23/96 85028 300 05 2.25 2502292 $18,000. Phoenix
32 8/23/96 06 296 1 18.00 $123,000.







<PAGE>
CA 11. 2 106990000502295 1931 N Curson  91 $37,416.97 4/8/21 85 $640000
5/8/96 90046 299 05 2.75 2502295 $46,000. Los Angeles
30 8/8/96 06 294 1 18.00 $810,000.

WA 11. 2 153990000502299 24012 102nd PL  91 $48,829. 5/1/21 89 $201747
4/17/96 ****** 300 05 2.75 2502299 $49,500. Edmonds
41 7/17/96 02 295 1 18.00 $285,000.


CA 7.25 2 106990000502300 4290 Roxbury ST 91 $46,224.75 4/6/11 95 $252000
5/6/96 93063 179 05 3.75 2502300 $47,200. Simi Valley
48 11/6/96 00 174 1 18.00 $315,000.

CA 7.25 2 106990000502301 47467 Cholla ST 91 $49,515.88 4/9/21 94 $194000
5/9/96 94539 299 05 3.75 2502301 $50,000. Fremont
35 11/9/96 02 294 1 18.00 $260,000.


CA 7.25 2 106990000502303 1519 6th ST 81 $11,375.77 4/10/21 80 $78436
5/10/96 95648 299 05 0.25 2502303 $11,500. Lincoln
23 11/10/96 06 294 1 18.00 $112,500.

CA 7.25 2 106990000502305 14636 Morrison  91 $44,859.26 4/10/11 95 $244000
5/10/96 91403 179 05 3.75 2502305 $45,700. Sherman Oaks
39 11/10/96 00 174 1 18.00 $305,000.


CA 11.5 2 106990000502306 112 Morning  91 $30,787. 4/14/21 88 $322400
5/14/96 94583 299 05 3.25 2502306 $31,000. San Ramon
48 8/14/96 00 294 1 18.00 $403,000.

WA 7.25 2 153990000502308 2290 219th PL  91 $86,904.55 4/9/21 90 $96389
5/9/96 98036 299 05 3.25 2502308 $100,000. Brier
48 11/9/96 06 294 1 18.00 $220,000.


CA 11.25 2 106990000502312 6480 Church ST 91 $33,598.75 3/19/21 90 $168750
4/19/96 94598 299 05 3.00 2502312 $33,700. Gilroy
31 7/19/96 02 293 1 18.00 $225,000.

NH 9.75 2 133990000502314 73 Patten Hill RD 81 $19,721.13 6/1/21 66 $88000
5/6/96 03034 300 05 1.50 2502314 $30,000. Candia
39 8/6/96 01 296 1 18.00 $180,000.



<PAGE>
CA 12.5 2 106990000502321 645 Walnut AVE 91 $17,622. 5/24/11 95 $81000
5/24/96 95482 180 05 4.25 2502321 $17,800. Ukiah
48 0 02 175 1 18.00 $104,000.






IL 7.25 2 117990000502331 4900 W Eddy ST 81 $23,437. 5/29/21 80 $111925
5/29/96 60610 300 05 1.50 2502331 $24,000. Chicago
36 11/29/96 06 295 1 18.00 $170,000.

ID 12.5 2 116990000502336 2340 N Miller  92 $24,750. 6/1/11 100 $69235
5/13/96 83854 180 05 4.25 2502336 $24,750. Post Falls
36 0 02 176 1 18.00 $94,000.


CA 8.75 2 106990000502362 2955 Belair WAY 81 $33,227.84 6/1/21 64 $135000
5/10/96 95403 300 05 0.50 2502362 $33,500. Santa Rosa
44 8/10/96 06 296 1 18.00 $265,000.

CA 11. 2 106990000502364 1740 Plaza Del  91 $63,954.56 4/22/21 90 $536000
5/24/96 92661 298 05 2.75 2502364 $67,000. Newport Beach
38 8/24/96 00 294 1 18.00 $670,000.


CA 11.5 2 106990000502373 100 S Tower CT 91 $38,855.43 4/24/21 90 $157500
5/24/96 92806 299 05 3.25 2502373 $40,500. Anaheim
40 8/24/96 01 294 1 18.00 $220,000.

CA 7.25 2 106990000502374 3147 Florence CT 91 $24,589.45 4/13/21 90 $131000
5/13/96 95127 299 05 2.25 2502374 $31,000. San Jose
27 11/13/96 06 294 1 18.00 $180,000.


CA 7.25 2 106990000502375 38883 Viento CT 91 $60,900.31 4/16/21 90 $330780
5/16/96 94536 299 05 3.25 2502375 $65,000. Fremont
50 11/16/96 06 294 1 18.00 $440,000.

CA 12. 2 106990000502386 3141 E Poppy ST 91 $22,305.2 4/24/11 95 $120000
5/24/96 90805 179 05 3.75 2502386 $22,500. Long Beach
36 8/24/96 06 174 1 18.00 $150,000.



<PAGE>
CA 7.25 2 106990000502387 25062  91 $24,608.59 3/30/21 90 $200000
4/30/96 92692 299 05 2.25 2502387 $25,000. Mission Viejo
35 10/30/96 00 294 1 18.00 $250,000.

WA 11. 2 153990000502388 4722 S 284th PL 91 $21,371.69 3/19/21 88 $127850
4/19/96 98001 299 05 2.75 2502388 $21,600. Auburn
32 7/19/96 00 293 1 18.00 $170,500.


WA 10.5 2 153990000502390 8403 Island DR S 91 $11,130.17 5/8/21 90 $111000
5/8/96 98118 300 05 2.25 2502390 $22,200. Seattle
35 8/8/96 02 295 1 18.00 $148,000.






WA 8.75 2 153990000502391 4405 251 St  81 $34,872.97 5/1/21 63 $142357
4/23/96 ****** 300 05 0.50 2502391 $35,000. Redmond
44 7/23/96 06 295 1 18.00 $284,000.

CA 7.25 2 106990000502393 1642 McCollum  81 $88,131.96 4/15/21 73 $117001
5/15/96 90026 299 05 2.00 2502393 $100,000. Los Angeles
46 11/15/96 06 294 1 18.00 $300,000.


CA 7.25 2 106990000502394 4135 Pine Hollow  91 $46,118.52 4/16/11 94 $283149
5/16/96 93021 179 05 3.75 2502394 $50,000. Moorpark
35 11/16/96 06 174 1 18.00 $355,000.

CA 7.25 2 106990000502396 1075 Michigan  81 $24,182.91 4/16/21 80 $193000
5/16/96 95125 299 05 0.50 2502396 $45,000. San Jose
32 11/16/96 06 294 1 18.00 $298,000.


CO 7.25 2 108990000502399 7339 S Mount  91 $3,040.06 5/24/21 87 $109159
5/24/96 80127 300 05 2.00 2502399 $30,000. Littleton
17 11/24/96 06 295 1 18.00 $161,000.

CA 7.25 2 106990000502401 1269 Echo Ridge  91 $52,699.7 4/15/21 90 $428000
5/15/96 95120 299 05 2.75 2502401 $53,500. San Jose
10 11/15/96 00 294 1 18.00 $535,000.



<PAGE>
CA 9. 2 106990000502403 1110 Esplanade 81 $49,304.53 3/24/21 80 $350000
4/24/96 90277 299 01 0.75 2502403 $50,000. Redondo Beach
28 7/24/96 02 293 1 18.00 $500,000.

CA 10.5 2 106990000502405 5700 Poindezter  91 $30,871.46 5/1/21 87 $457702
4/24/96 95650 300 05 2.25 2502405 $50,000. Loomis
38 7/24/96 06 295 1 18.00 $590,000.


CA 10.5 2 106990000502407 12486 SALMON  91 $35,818.56 4/29/21 90 $183750
4/29/96 92129 300 05 2.25 2502407 $36,300. SAN DIEGO
36 7/29/96 01 294 1 18.00 $245,000.

CA 12. 2 106990000502409 8503 Pueblo DR 91 $29,808.35 4/8/11 95 $164397
5/8/96 91770 179 05 3.75 2502409 $30,350. Rosemead
33 8/8/96 02 174 1 18.00 $205,000.


CA 11.5 2 106990000502410 34 San Ramon  91 $57,323.65 5/1/21 90 $180500
4/22/96 94945 300 05 3.25 2502410 $58,000. Novato
45 7/22/96 02 295 1 18.00 $265,000.






CA 11. 2 106990000502412 1254 E 54th ST 91 $20,748.47 5/1/21 87 $138000
4/25/96 90011 300 10 2.75 2502412 $21,000. Los Angeles
44 7/25/96 02 295 1 18.00 $184,000.

CA 8.25 2 106990000502415 3110 Geoffrey DR 91 $35,985. 5/13/21 90 $179900
6/13/96 94066 299 05 3.00 2502415 $35,985. San Bruno
36 9/13/96 00 295 1 15.00 $239,900.


MI 7.25 2 126990000502417 29771 Greenland 90 $14.41 5/29/11 87 $70000
5/29/96 48154 180 05 3.25 2502417 $70,000. Livonia
45 11/29/96 06 175 1 18.00 $161,000.

WA 7.25 2 153990000502418 4105 NE 134th  91 $18,556.77 3/19/21 88 $93750
4/19/96 98682 299 05 2.75 2502418 $18,700. Vancouver
32 10/19/96 03 293 1 18.00 $128,500.



<PAGE>
CA 10.25 2 106990000502419 0 81 $77,439.96 4/1/21 60 $130378
5/1/96 94521 299 05 2.00 2502419 $85,000. Concord
48 8/1/96 02 294 1 18.00 $360,000.

MT 10.5 2 130990000502421 451 Hodgson RD 91 $5.14 5/1/21 90 $97500
4/25/96 59912 300 05 2.25 2502421 $19,500. Columbia Falls
34 7/25/96 00 295 1 18.00 $130,000.


CA 7.25 2 106990000502428 8935 Hollywood  91 $57,208.79 3/15/21 90 $508000
4/15/96 90046 299 05 2.75 2502428 $63,500. Los Angeles
25 10/15/96 00 293 1 18.00 $635,000.

CA 11.5 2 106990000502429 3763 Century DR 91 $38,801.59 4/6/11 95 $209500
5/6/96 95008 179 05 3.25 2502429 $39,200. Campbell
38 8/6/96 00 174 1 18.00 $261,900.


UT 7.25 2 149990000502432 3130 American  90 $31,722.28 5/28/11 90 $460000
5/28/96 84060 180 05 2.75 2502432 $98,000. Park City
36 11/28/96 06 175 1 18.00 $620,000.

GA 7.25 2 113990000502433 1442 N  81 $32,000. 4/1/21 68 $147985
5/1/96 30306 299 05 1.50 2502433 $32,000. Atlanta
49 11/1/96 06 294 1 18.00 $265,000.


CA 7.25 2 106990000502436 7499 Hillsdale DR 91 $44,540.12 4/29/21 89 $207000
5/29/96 94588 299 05 2.75 2502436 $50,000. Pleasanton
42 11/29/96 01 294 1 18.00 $290,000.






MO 10.25 2 129990000502438 4055 Deer Ridge  91 $7,382.16 5/1/21 88 $102700
4/25/96 64850 300 05 2.00 2502438 $25,000. Neosho
26 7/25/96 06 295 1 18.00 $146,000.

WA 11. 2 153990000502439 303 123rd AVE  91 $19,586.15 4/24/21 84 $140607
5/24/96 98258 299 05 2.75 2502439 $20,000. Lake Stevens
35 8/24/96 06 294 1 18.00 $193,000.



<PAGE>
WA 7.25 2 153990000502442 4480 141st AVE  91 $33,938.33 3/25/21 90 $207000
4/25/96 98006 299 05 2.25 2502442 $34,200. Bellevue
44 10/25/96 00 293 1 18.00 $268,000.

CA 7.25 2 106990000502447 15670 Loma  91 $42,452.6 4/9/21 90 $313000
5/9/96 95032 299 05 3.25 2502447 $42,800. Los Gatos
44 11/9/96 01 294 1 18.00 $396,000.


CA 7.25 2 106990000502449 19161 Loree AVE 91 $28,801.24 4/9/21 88 $196000
5/9/96 95014 299 05 2.25 2502449 $50,000. Cupertino
44 11/9/96 06 294 1 18.00 $280,000.

CA 12. 2 106990000502450 1439 Olive AVE 92 $27,100.86 5/2/11 100 $116000
5/2/96 92083 180 05 3.75 2502450 $28,000. Vista
49 0 03 175 1 18.00 $145,000.


CA 11. 2 106990000502452 12902 Woodland  91 $28,161.86 6/1/21 90 $120839
5/23/96 92640 300 05 2.75 2502452 $28,500. Garden Grove
35 8/23/96 06 296 1 18.00 $166,000.

CA 11.5 2 106990000502454 1 Meryton 91 $88,816.85 4/8/21 90 $650000
5/8/96 90715 299 03 3.25 2502454 $89,575. Irvine
39 8/8/96 06 294 1 18.00 $825,000.


CA 10.5 2 106990000502462 1010 Cove Street 91 $15,036.1 3/29/21 82 $189750
4/29/96 93001 299 05 2.25 2502462 $15,250. Ventura
40 7/29/96 00 293 1 18.00 $253,000.

CA 12.25 2 106990000502468 1480 Normandy  91 $99,388.61 4/10/21 85 $580000
5/10/96 91103 299 05 4.00 2502468 $100,000. Pasadena
41 8/10/96 06 294 1 18.00 $800,000.


CA 11. 2 106990000502471 6625 Sage RD 91 $19,189.4 5/1/21 90 $135000
5/1/96 93225 300 05 2.75 2502471 $27,000. Frazier Park
49 8/1/96 06 295 1 18.00 $180,000.







<PAGE>
OR 11. 2 141990000502472 13953 NW Pali  91 $19,630.06 3/22/21 90 $105000
4/22/96 97376 299 05 2.75 2502472 $20,000. Seal Rock
43 7/22/96 06 293 1 18.00 $140,000.

CA 11. 2 106990000502473 10603 Felson  91 $18,460.65 2/26/21 88 $112500
3/26/96 90706 299 05 2.75 2502473 $18,500. Bellflower
26 6/26/96 02 292 1 18.00 $150,000.


CA 7.25 2 106990000502475 373 W Channel  81 $15,405.42 4/9/11 59 $299854
5/9/96 90402 179 05 1.00 2502475 $50,000. Santa Monica
26 11/9/96 06 174 1 18.00 $600,000.

CA 9.75 2 106990000502476 140 Merritt RD 81 $28,663.02 4/8/21 63 $180000
5/8/96 94022 299 05 1.50 2502476 $146,000. Los Altos
50 8/8/96 06 294 1 18.00 $525,000.


CA 9.75 2 106990000502479 5420 Avenida El  91 $27,658.92 4/20/21 90 $268000
5/20/96 92687 299 03 1.50 2502479 $33,500. Yorba Linda
43 8/20/96 00 294 1 18.00 $335,000.

CA 7.25 2 106990000502480 5518 Century  91 $17,831.44 4/15/21 86 $207000
5/15/96 95111 299 05 2.25 2502480 $18,000. San Jose
32 11/15/96 01 294 1 18.00 $263,000.


FL 8.5 2 112990000502481 1320 NE 2nd ST 81 $10,180.02 4/15/21 75 $87368
5/15/96 33301 299 05 0.25 2502481 $50,000. Ft Lauderdale
30 0 06 294 1 18.00 $185,000.

CA 7.25 2 106990000502482 360 Lower  91 $61,817.87 4/17/21 90 $500000
5/17/96 94538 299 05 2.75 2502482 $62,500. Fremont
34 11/17/96 06 294 1 18.00 $625,000.


FL 7.25 2 112990000502485 920 56th AVE N 91 $12,291.03 4/16/21 89 $49037
5/16/96 33703 299 05 3.25 2502485 $15,000. St. Petersburg
36 11/16/96 06 294 1 18.00 $72,000.

CA 7.25 2 106990000502486 9016 Spencer CT 91 $24,755.8 4/17/21 85 $187500
5/17/96 95020 299 05 2.25 2502486 $25,000. Gilroy
37 11/17/96 06 294 1 18.00 $250,000.



<PAGE>
WA 7.25 2 153990000502487 5455 29th AVE  81 $15,800. 6/1/21 80 $110912
5/22/96 98126 300 05 2.00 2502487 $21,050. Seattle
49 11/22/96 03 296 1 18.00 $165,000.






CA 7.25 2 106990000502489 2483 Ivory Way 91 $42,769.58 3/22/11 95 $230000
4/22/96 93030 179 05 3.75 2502489 $43,100. Oxnard
42 10/22/96 00 173 1 18.00 $287,900.

CA 12. 2 106990000502492 19175 E El  91 $79,500. 5/1/11 97 $323000
4/17/96 95076 180 05 3.75 2502492 $84,000. Watsonville
38 0 06 175 1 18.00 $420,000.


CA 11.5 2 106990000502495 9737 HORNER  91 $49,976.65 4/7/11 93 $291465
5/7/96 90035 179 05 3.25 2502495 $50,000. LOS ANGELES
43 0 02 174 1 18.00 $370,000.

CA 11. 2 106990000502496 837 S Barnett ST 91 $26,131.88 4/24/21 90 $138750
5/24/96 92805 299 05 2.75 2502496 $26,450. Anaheim
44 8/24/96 01 294 1 18.00 $185,000.


CA 7.25 2 106990000502507 43 Cedar LN 80 $9,093.51 5/28/11 80 $218000
5/23/96 93108 180 05 0.50 2502507 $46,000. Santa Barbara
36 11/28/96 06 175 1 18.00 $330,000.

CA 11.5 2 106990000502512 5920 COUNTY  91 $54,463.86 4/22/21 90 $440000
5/22/96 91367 299 05 3.25 2502512 $55,000. WOODLAND
44 8/22/96 06 294 1 18.00 $550,000.


CA 9.25 2 106990000502516 4940 Bridge ST 81 $51,214.61 6/1/21 79 $147089
5/8/96 95073 300 05 1.00 2502516 $70,000. Soquel
41 8/8/96 06 296 1 18.00 $275,000.

OR 7.25 2 141990000502522 4440 SE Mark  81 $17,451.41 6/1/21 73 $91656
5/15/96 97267 300 05 1.00 2502522 $19,999. Milwaukie
36 11/15/96 02 296 1 18.00 $155,000.



<PAGE>
CA 9.25 2 106990000502524 2016 Wawona ST 81 $37,743.7 6/1/21 80 $207000
5/1/96 94116 301 05 1.00 2502524 $38,000. San Francisco
46 8/1/96 06 296 1 18.00 $310,000.

CA 12. 2 106990000502525 26212 Park View  91 $60,460. 4/3/11 98 $368000
5/3/96 91355 179 03 3.75 2502525 $92,000. Santa Clarita
37 0 06 174 1 18.00 $470,000.


VA 11. 2 151990000502530 1206 Lakeview  91 $37,051.16 5/1/21 90 $186350
4/30/96 23117 300 05 2.75 2502530 $37,200. Mineral
38 7/30/96 00 295 1 18.00 $248,500.






CA 7.25 2 106990000502531 13834 Recuerdo  81 $49,617.18 3/22/11 69 $273512
4/22/96 92014 179 05 1.50 2502531 $50,000. Del Mar
27 10/23/96 02 173 1 18.00 $473,000.

CA 7.25 2 106990000502534 4816  91 $24,807.69 3/22/21 90 $184700
4/22/96 92116 299 05 3.25 2502534 $25,000. San Diego
50 10/23/96 00 293 1 18.00 $233,000.


OR 12. 2 141990000502535 5012 SE Rainbow  91 $20,000. 4/13/11 95 $76500
5/13/96 97222 179 05 3.75 2502535 $20,000. Milwaukie
44 0 02 174 1 18.00 $102,000.

CO 7.25 2 108990000502547 10011 Renaud ST 81 $25,491.81 6/1/21 76 $63054
5/24/96 80433 300 05 1.50 2502547 $25,600. Conifer
41 11/23/96 02 296 1 18.00 $118,000.


OR 8.25 2 141990000502553 39125 Hood ST 92 $15,000. 5/6/11 94 $103829
6/6/96 97055 179 05 3.75 2502553 $15,000. Sandy
42 8/6/96 06 175 1 18.00 $126,500.

CA 9.25 2 106990000502554 104 Via Mentone 81 $83,532.77 3/22/21 80 $460000
4/22/96 92663 299 03 1.00 2502554 $84,000. Newport Beach
37 7/22/96 02 293 1 18.00 $680,000.



<PAGE>
CA 10.5 2 106990000502555 1287 Magnolia  91 $41,283.39 5/2/21 88 $156359
5/2/96 95126 300 05 2.25 2502555 $41,500. San Jose
18 8/2/96 06 295 1 18.00 $225,000.

CA 7.25 2 106990000502557 6095 Woodale  91 $42,868.01 3/24/21 90 $345600
4/24/96 92037 299 03 2.75 2502557 $43,200. La Jolla
23 10/24/96 00 293 1 18.00 $433,000.


CA 11. 2 106990000502558 3806 Ross RD 91 $49,878.39 5/2/21 90 $337500
5/2/96 94303 300 05 2.75 2502558 $67,500. Palo Alto
33 8/2/96 06 295 1 18.00 $450,000.

CA 8.75 2 106990000502559 2755 Carmar  81 $49,388.18 3/25/21 80 $207000
4/25/96 90046 299 05 0.50 2502559 $49,800. Los Angeles
36 7/25/96 00 293 1 18.00 $321,000.


CA 7.25 2 106990000502560 352 N 44th ST 91 $16,302.95 3/12/21 90 $82500
4/12/96 92102 299 05 2.75 2502560 $16,500. San Diego
32 10/12/96 02 293 1 18.00 $110,000.






CA 11. 2 106990000502563 3504 Terrace  91 $41,500.62 3/22/21 92 $390000
4/22/96 91436 299 05 2.75 2502563 $79,000. Encino
35 7/22/96 04 293 1 18.00 $510,000.

CA 7.25 2 106990000502564 1725 Pine AVE 91 $41,496.49 3/23/21 90 $335200
4/23/96 90266 299 05 2.75 2502564 $41,900. Manhattan Beach
16 10/23/96 00 293 1 18.00 $419,000.


CA 7.25 2 106990000502565 4152 Beacon  91 $37,709.14 3/26/21 90 $304000
4/26/96 94514 299 05 2.25 2502565 $38,000. Byron
45 10/26/96 00 293 1 18.00 $380,000.

CO 10.5 2 108990000502566 1338 S Zuni ST 91 $24,760.36 3/29/21 92 $89350
4/29/96 80223 299 05 2.25 2502566 $25,000. Denver
43 7/29/96 02 293 1 18.00 $125,000.



<PAGE>
CA 7.25 2 106990000502568 19203 Leapwood  91 $15,448.72 3/29/11 95 $140000
4/29/96 90746 179 05 3.75 2502568 $16,700. Carson
44 10/29/96 01 173 1 18.00 $165,000.

CA 10.5 2 106990000502569 3037 Grant AVE 91 $28,845.75 3/17/21 90 $147750
4/17/96 92626 299 05 2.25 2502569 $29,550. Costa Mesa
41 7/17/96 01 293 1 18.00 $197,000.


CA 11.5 2 106990000502570 426 N Canyon  91 $34,830.08 3/18/11 95 $212000
4/18/96 91016 179 05 3.25 2502570 $35,000. Monrovia
44 7/18/96 06 173 1 18.00 $260,000.

CA 8.75 2 106990000502571 130 C ST 81 $24,271.21 5/3/21 49 $181854
5/3/96 94901 300 05 0.50 2502571 $25,000. San Rafael
34 8/3/96 06 295 1 18.00 $427,000.


OR 11.5 2 141990000502572 19450 NE Deach  91 $69,611.97 4/6/21 90 $251298
5/6/96 97148 299 05 3.25 2502572 $70,000. Yamhill
37 8/6/96 02 294 1 18.00 $360,000.

CA 11. 2 106990000502573 425 Airstream CT 91 $38,450. 3/23/21 90 $196400
4/23/96 95066 299 05 2.75 2502573 $39,250. Scotts Valley
40 7/23/96 00 293 1 18.00 $261,990.


CA 10.25 2 106990000502576 769 Sunset Glen  91 $48,955.49 3/29/21 90 $207000
4/29/96 95123 299 05 2.00 2502576 $49,500. San Jose
27 7/29/96 06 293 1 18.00 $285,000.






CA 9.25 2 106990000502578 1448 12th AVE 81 $39,766.17 3/26/11 62 $158000
4/26/96 94122 179 05 1.00 2502578 $40,000. San Francisco
36 7/26/96 06 173 1 18.00 $320,000.

CA 11. 2 106990000502579 364 Acorn DR 91 $20,481.63 3/26/21 88 $207000
4/26/96 95006 299 05 2.75 2502579 $20,700. Boulder Creek
40 7/26/96 06 293 1 18.00 $259,000.



<PAGE>
WA 7.25 2 153990000502580 18224 NE 194th  91 $32,246.41 6/1/11 90 $190122
5/16/96 98072 180 05 3.25 2502580 $33,000. Woodinville
34 11/16/96 03 176 1 18.00 $248,000.

CA 7.25 2 106990000502581 1110 Esplanade 90 $14,982.92 5/28/11 85 $405000
5/28/96 90277 180 01 2.25 2502581 $28,400. Redondo Beach
43 11/28/96 06 175 1 18.00 $515,000.


CA 7.25 2 106990000502586 1101 Ranchwood  90 $26,517.95 5/28/11 86 $321600
5/28/96 91765 180 05 2.75 2502586 $30,400. Diamond Bar
42 11/28/96 06 175 1 18.00 $410,000.

UT 8.75 2 149990000502588 531 W 200 N 81 $23,690.91 6/1/21 80 $207000
5/6/96 84060 300 09 0.50 2502588 $33,650. Midway
39 8/6/96 00 296 1 18.00 $300,850.


CA 7.25 2 106990000502589 5664 ADOBE  81 $45,746.86 3/24/21 59 $45000
4/24/96 92120 299 05 1.00 2502589 $97,100. SAN DIEGO
45 10/24/96 06 293 1 18.00 $242,000.

NJ 10.5 2 134990000502593 43 Highwood RD 91 $37,188.93 5/14/21 90 $300000
5/14/96 07052 300 05 2.25 2502593 $37,500. West Orange
36 8/14/96 00 295 1 18.00 $375,000.


CO 10.5 2 108990000502597 6028 Calhan  91 $26,706.31 6/1/21 90 $134250
5/3/96 ****** 300 05 2.25 2502597 $26,850. Calhan
37 8/3/96 00 296 1 18.00 $179,000.

CA 12. 2 106990000502598 18226 Bathurst ST 81 $96,529.06 3/25/21 58 $146250
4/25/96 91326 299 05 3.75 2502598 $97,000. Northridge
49 7/25/96 02 293 1 18.00 $420,000.


HI 11.5 2 115990000502599 94-1019 Paiwa  91 $22,062.68 4/12/21 90 $224000
4/12/96 96797 300 01 3.25 2502599 $32,500. Waipahu
30 7/12/96 03 294 1 18.00 $285,000.







<PAGE>
OR 7.25 2 141990000502601 378 Silver Hills  81 $20,413.72 6/1/21 72 $89000
5/23/96 97306 300 05 1.50 2502601 $26,500. Salem
38 11/23/96 02 296 1 18.00 $161,000.

MD 11. 2 124990000502602 3302 Woodbine  91 $37,261. 5/9/21 90 $300000
5/9/96 20815 300 05 2.75 2502602 $37,500. Chevy Chase
39 8/9/96 00 295 1 18.00 $375,000.


CA 11. 2 106990000502604 4776 La Villa  91 $26,453.88 3/18/21 90 $135000
4/18/96 90292 299 01 2.75 2502604 $27,000. Marina Del Rey
43 7/18/96 00 293 1 18.00 $180,000.

CA 11. 2 106990000502606 1559 N LAUREL  91 $29,545.04 3/24/21 90 $148500
4/24/96 91786 299 05 2.75 2502606 $29,700. SAN
33 7/24/96 06 293 1 18.00 $198,000.


CA 10.5 2 106990000502608 2044 FOX  91 $61,784.46 4/14/21 90 $496000
5/14/96 90025 299 05 2.25 2502608 $62,000. LOS ANGELES
36 8/15/96 00 294 1 18.00 $620,000.

IL 8.5 2 117990000502610 4839 Wolf RD 81 $6,049.81 6/1/21 18 $15000
5/7/96 60558 300 05 0.25 2502610 $15,000. Western Springs
24 8/7/96 06 296 1 18.00 $168,000.


CA 12. 2 106990000502617 7147 TEAK WAY 92 $15,500. 5/2/11 100 $140850
5/2/96 91701 180 05 3.75 2502617 $15,500. RANCHO
43 6/30/96 06 175 1 18.00 $156,500.

CA 7.25 2 106990000502623 906 Autumn Leaf  91 $30,464.8 3/22/21 90 $153750
4/22/96 92028 299 05 2.75 2502623 $30,700. Fallbrook
42 10/22/96 02 293 1 18.00 $205,000.


CA 10.5 2 106990000502625 2585 Arnott ST 91 $34,545.67 4/26/21 90 $174750
4/26/96 92110 300 05 2.25 2502625 $34,950. San Diego
43 7/26/96 01 294 1 18.00 $233,000.

CA 11.5 2 106990000502627 887 Nadelhorn  91 $36,584.33 3/4/21 90 $296000
4/4/96 92352 299 05 3.25 2502627 $37,000. Lake Arrowhead
37 7/4/96 00 293 1 18.00 $370,000.



<PAGE>
MI 7.25 2 126990000502628 2303 Atwell 80 $59,445.8 5/31/11 67 $36000
5/31/96 48412 180 05 1.50 2502628 $60,000. Attica
33 11/30/96 06 176 1 18.00 $144,000.






CA 9.75 2 106990000502629 401 N Alta Vista 81 $52,181.33 5/3/21 73 $302000
5/3/96 90036 300 05 1.50 2502629 $70,000. Los Angeles
26 8/3/96 02 295 1 18.00 $510,000.

UT 11. 2 149990000502631 1238 W  91 $22,902.29 4/30/21 85 $80300
5/30/96 84084 299 05 2.75 2502631 $23,200. West Jordan
33 8/30/96 06 295 1 18.00 $122,000.


MI 7.25 2 126990000502634 15301 Frazho 90 $18,425.47 5/31/11 90 $69500
5/31/96 48066 180 05 3.25 2502634 $18,700. Roseville
40 11/30/96 06 176 1 18.00 $98,000.

CA 11. 2 106990000502635 4128 Sarah CT 91 $37,988.12 3/22/21 90 $191250
4/22/96 95136 299 05 2.75 2502635 $38,200. San Jose
44 7/22/96 01 293 1 18.00 $255,000.


CA 11. 2 106990000502638 1057 Glen Echo  91 $34,243.87 3/4/21 90 $274400
4/4/96 95125 299 05 2.75 2502638 $34,300. San Jose
39 7/4/96 02 293 1 18.00 $343,000.

CA 12. 2 106990000502639 20150 ILUSO  91 $33,000. 4/12/21 90 $165000
4/12/96 91789 300 05 3.75 2502639 $33,000. WALNUT
42 7/1/96 06 294 1 18.00 $220,000.


CA 12. 2 106990000502641 1118 River Rock  91 $62,637.39 5/1/21 90 $193204
4/29/96 95630 300 05 3.75 2502641 $67,000. Folsom
45 7/29/96 06 295 1 18.00 $290,000.

CA 7.25 2 106990000502642 55 Red Fir Court 91 $99,234.36 3/22/21 89 $540000
4/22/96 94506 299 05 2.75 2502642 $100,000. Danville
32 10/22/96 03 293 1 18.00 $720,000.



<PAGE>
GA 11.5 2 113990000502643 1627 Red Fox  91 $16,090.96 5/1/21 87 $134000
4/22/96 30247 300 05 3.25 2502643 $21,000. Lilburn
36 7/22/96 06 295 1 18.00 $180,000.

NM 8.75 2 135990000502645 7001 Christy  81 $16,191.26 6/1/21 80 $101000
5/2/96 87109 300 05 0.50 2502645 $18,900. Albuquerque
44 8/2/96 00 296 1 18.00 $149,900.


CA 10.5 2 106990000502646 1320 Henderson  91 $32,021.65 6/1/21 90 $165000
5/1/96 90631 301 05 2.25 2502646 $33,000. La Habra
43 8/1/96 01 296 1 18.00 $220,000.






KS 11.5 2 120990000502647 15138 Lamar 92 $10,445.14 5/1/11 100 $111356
4/25/96 66223 180 05 3.25 2502647 $12,600. Overland Park
38 0 06 175 1 18.00 $124,000.

ID 11.75 2 116990000502649 9665 W Linstock  91 $19,964.81 6/1/11 95 $95483
5/5/96 83704 180 05 3.50 2502649 $20,400. Boise
25 8/5/96 06 176 1 18.00 $122,000.


CA 11. 2 106990000502650 5280 E Rural  91 $47,364.82 6/1/21 91 $207000
5/1/96 92807 301 05 2.75 2502650 $47,700. Anaheim
39 8/1/96 00 296 1 18.00 $280,000.

CA 10.5 2 106990000502657 1720 Kings RD 91 $37,733.19 6/1/21 90 $304000
5/1/96 92084 301 03 2.25 2502657 $38,000. Vista
34 8/1/96 00 296 1 18.00 $380,000.


CA 8.25 2 106990000502664 700 KRISTEN  81 $47,535.55 3/24/21 80 $207000
4/24/96 93111 299 05 0.25 2502664 $48,200. SANTA
23 7/25/96 00 293 1 18.00 $319,000.

CA 9.75 2 106990000502666 1845 Tenth ST 81 $64,538.68 6/1/21 75 $35000
5/3/96 96150 300 05 1.50 2502666 $65,000. South Lake Tahoe
46 8/3/96 00 296 1 18.00 $135,000.



<PAGE>
MI 7.25 2 126990000502671 40534 Williams  90 $57,735.18 5/31/11 89 $50930
5/31/96 48038 180 05 2.75 2502671 $60,000. Clinton Township
37 11/30/96 06 176 1 18.00 $125,000.

CA 11. 2 106990000502674 3563 Mitton CT 91 $21,350.42 5/1/21 88 $217000
4/30/96 95148 300 05 2.75 2502674 $21,500. San Jose
44 7/30/96 06 295 1 18.00 $272,000.


CA 10.5 2 106990000502675 7820 Gaviota CIR 91 $26,984.61 5/3/21 90 $180000
5/3/96 92009 300 05 2.25 2502675 $30,000. Carlsbad
32 8/3/96 02 295 1 18.00 $235,000.

CA 11.5 2 106990000502676 6731 Terreno DR 91 $24,886.17 6/1/21 86 $183750
5/1/96 95683 301 05 3.25 2502676 $25,000. Rancho Murieta
37 8/1/96 06 296 1 18.00 $245,000.


CA 9. 2 106990000502677 217 Regency CT 91 $64,529.7 6/1/21 82 $195000
5/1/96 94803 301 05 0.75 2502677 $65,000. El Sobrante
27 8/1/96 06 296 1 18.00 $318,000.






CA 10.5 2 106990000502678 519 27th ST 91 $17,100.21 6/1/21 90 $86250
5/3/96 95816 300 05 2.25 2502678 $17,250. Sacramento
31 8/3/96 06 296 1 18.00 $115,000.

CA 9. 2 106990000502680 221 W Bellevue  81 $87,128.95 4/16/21 27 $255000
4/16/96 94402 300 05 0.75 2502680 $88,000. San Msateo
16 7/16/96 06 294 1 18.00 $1,305,000.


CA 12.5 2 106990000502681 340 Lowe ST 91 $33,858.81 6/1/11 95 $127268
5/1/96 95642 181 05 4.25 2502681 $34,100. Jackson
46 8/1/96 06 176 1 18.00 $169,900.

CA 11.5 2 106990000502686 5288 Romford DR 91 $58,170.73 6/1/21 90 $207000
5/2/96 95124 300 05 3.25 2502686 $58,500. San Jose
45 8/2/96 06 296 1 18.00 $295,000.



<PAGE>
UT 12. 2 149990000502687 147 W 5750 South 91 $49,036.39 3/18/11 88 $60092
4/18/96 84107 179 05 3.75 2502687 $50,000. Murray
45 7/1/96 03 173 1 18.00 $126,000.

CA 9. 2 106990000502691 17 Coronado AVE 81 $19,700.46 6/1/11 74 $79086
5/8/96 93901 180 05 0.75 2502691 $42,000. Salinas
13 8/8/96 06 176 1 18.00 $165,000.


CA 10.5 2 106990000502693 1003 Foothill DR 91 $32,193.75 6/1/21 87 $172500
5/9/96 95492 300 03 2.25 2502693 $32,500. Windsor
34 8/9/96 02 296 1 18.00 $237,000.

FL 11. 2 112990000502694 160 Bayside DR 91 $24,533.43 6/1/21 90 $240000
5/16/96 34630 300 05 2.75 2502694 $30,000. Clearwater Beach
44 8/16/96 01 296 1 18.00 $300,000.


MN 11. 2 127990000502695 10989 Pawnee  91 $25,541.87 6/1/21 90 $139800
5/3/96 55082 300 05 2.75 2502695 $28,000. Stillwater
32 8/3/96 06 296 1 18.00 $186,500.

MI 7.25 2 126990000502697 518 Renshaw 90 $11,765.13 6/1/11 89 $141600
6/1/96 48323 180 05 3.75 2502697 $17,700. Rochester
38 12/1/96 06 176 1 18.00 $181,000.


UT 10.5 2 149990000502698 8298 S 1850 W 91 $23,395.92 6/1/21 90 $117750
5/9/96 84084 300 05 2.25 2502698 $23,550. West Jordan
42 8/9/96 00 296 1 18.00 $158,000.






CA 11. 2 106990000502699 265 E Fanshaw  91 $18,487.08 6/1/21 90 $93000
5/7/96 91767 300 05 2.75 2502699 $18,600. Pomona
35 8/7/96 01 296 1 18.00 $124,000.

CA 7.25 2 106990000502701 22148 ITASCA  91 $19,350.64 3/30/21 90 $156000
4/30/96 91331 299 05 2.75 2502701 $19,500. LOS ANGELES
37 10/31/96 00 294 1 18.00 $195,000.



<PAGE>
CA 8.25 2 106990000502702 10616 Pool  91 $69,800. 6/1/21 85 $54000
5/8/96 95228 300 05 2.75 2502702 $69,800. Copperopolis
38 8/8/96 06 296 1 18.00 $147,000.

CA 7.25 2 106990000502704 8335 SHOUP  91 $45,603.72 4/1/21 90 $181343
5/1/96 95131 299 05 3.75 2502704 $60,000. LOS ANGELES
48 11/2/96 06 294 1 18.00 $270,000.


CA 8.5 2 106990000502706 5020 Edgewood  81 $46,521.17 6/1/21 62 $75355
5/6/96 95967 300 05 0.25 2502706 $47,000. Paradise
24 8/6/96 02 296 1 18.00 $200,000.

CA 8.75 2 106990000502719 1836 Beachwood  81 $16,639.75 6/1/21 60 $51301
5/6/96 95407 300 05 0.50 2502719 $32,200. Santa Rosa
35 8/6/96 06 296 1 18.00 $140,000.


CA 7.25 2 106990000502721 303 S DAWN ST 95 $10,249.28 11/24/11 100 $137600
5/24/96 92805 186 05 3.25 2502721 $10,400. ANAHEIM
38 11/24/96 06 181 1 18.00 $148,000.

CA 11.5 2 106990000502728 4063 Woking  91 $98,193.57 5/2/21 86 $355905
5/2/96 90027 300 05 3.25 2502728 $100,000. Los Angeles
38 8/2/96 02 295 1 18.00 $535,000.


NV 9.75 2 132990000502730 3747 Prospect DR 81 $15,551.86 6/1/21 71 $180256
5/3/96 89703 300 05 1.50 2502730 $30,000. Carson City
35 8/3/96 06 296 1 18.00 $300,000.

CA 11. 2 106990000502731 121 Vernal AVE 91 $38,012.26 4/3/21 90 $191250
5/3/96 93105 299 05 2.75 2502731 $38,200. Santa Barbara
47 8/3/96 01 294 1 18.00 $255,000.


NJ 12. 2 134990000502732 62 Rohill RD 91 $17,347.43 5/3/11 87 $157200
6/3/96 08876 179 05 3.75 2502732 $19,650. Hillsborough
45 9/3/96 06 175 1 18.00 $205,000.







<PAGE>
NM 9. 2 135990000502734 201 San Marcos  81 $59,304.08 6/1/21 50 $50000
5/7/96 87505 300 05 0.75 2502734 $99,900. Santa Fe
12 8/7/96 00 296 1 18.00 $305,000.

IL 7.25 2 117990000502736 8819 W 84th PL 91 $44,184.37 6/1/21 84 $84823
5/24/96 60458 300 05 2.25 2502736 $44,750. Justice
39 11/22/96 02 296 1 18.00 $155,000.


CA 11. 2 106990000502738 5047 Coco Palm  91 $20,524.44 5/3/21 90 $166400
6/3/96 94538 299 05 2.75 2502738 $20,800. Fremont
33 9/3/96 00 295 1 18.00 $208,000.

CA 9.25 2 106990000502754 1063 Hewitt DR 81 $48,017.98 3/30/11 53 $185000
4/30/96 94070 179 05 1.00 2502754 $60,000. San Carlos
43 7/30/96 06 174 1 18.00 $465,000.


CA 11.5 2 106990000502755 3370 Woodview  91 $57,288.7 6/1/21 90 $292500
5/24/96 94549 300 05 3.25 2502755 $58,000. Lafayette
27 8/24/96 02 296 1 18.00 $390,000.

CA 7.25 2 106990000502756 6625 Cahuenga  91 $52,196.54 4/1/21 90 $212810
5/1/96 90068 299 05 3.25 2502756 $52,600. Los Angeles
39 11/1/96 02 294 1 18.00 $295,000.


CA 11.5 2 106990000502757 29562 Tamarron 91 $41,659.95 6/1/21 90 $333600
5/29/96 92677 300 03 3.25 2502757 $41,700. Laguna Niguel
51 8/29/96 00 296 1 18.00 $417,000.

CA 7.25 2 106990000502762 4673 Mowry AVE 81 $14,438.03 4/20/21 80 $207000
5/20/96 94538 299 05 1.00 2502762 $14,600. Fremont
47 11/20/96 01 294 1 18.00 $277,000.


CA 7.25 2 106990000502763 7348 Saddlehorn  91 $36,133.52 4/16/11 95 $494447
5/16/96 92669 179 03 3.75 2502763 $37,000. Orange
30 11/16/96 06 174 1 18.00 $560,000.

CA 7.25 2 106990000502764 1265 S Clayford  81 $20,222.33 4/15/21 80 $266402
5/15/96 91361 299 05 0.50 2502764 $50,000. Westlake Village
45 11/15/96 06 294 1 18.00 $396,000.



<PAGE>
CA 7.25 2 106990000502765 12860 Barlin AVE 80 $16,688.93 5/29/11 70 $233500
5/29/96 90242 180 05 1.00 2502765 $17,100. Downey
40 11/29/96 06 175 1 18.00 $358,000.






CA 11. 2 106990000502766 242 33rd ST 91 $19,744.45 3/2/21 87 $260000
4/2/96 90254 299 05 2.75 2502766 $30,000. HERMOSA
36 7/2/96 06 293 1 18.00 $335,000.

CA 7.25 2 106990000502770 15528 Mulvane  91 $59,743.5 5/22/21 90 $73031
5/22/96 ****** 300 05 3.25 2502770 $70,000. La Puente
32 11/22/96 03 295 1 18.00 $159,000.


CA 7.25 2 106990000502772 653 Allegro Court 91 $31,231.36 4/7/21 90 $268000
5/7/96 93065 299 05 2.25 2502772 $33,500. Simi Valley
30 11/7/96 00 294 1 18.00 $335,000.

CA 7.25 2 106990000502780 837 Morning  90 $18,202.04 5/31/11 95 $94500
5/31/96 95691 180 05 3.75 2502780 $25,200. West Sacramento
34 11/30/96 06 176 1 18.00 $126,000.


CA 7.25 2 106990000502781 1659 Rockville  91 $44,552.58 4/17/21 82 $360978
5/17/96 94585 299 05 3.25 2502781 $45,000. Suisun
50 11/17/96 02 294 1 18.00 $500,000.

CA 8.75 2 106990000502789 2917 La  81 $42,509.75 6/1/21 79 $173372
5/14/96 91305 300 05 0.50 2502789 $43,000. Santa Barbara
40 8/14/96 06 296 1 18.00 $275,000.


CA 11. 2 106990000502792 12842 Baltic CIR 91 $33,021.35 6/1/21 91 $117028
5/9/96 95603 300 05 2.75 2502792 $33,300. Auburn
44 8/9/96 06 296 1 18.00 $167,000.

WA 7.25 2 153990000502793 6026 NE 130th PL 91 $67,059.27 4/17/11 95 $240000
5/17/96 98034 179 05 4.25 2502793 $68,700. Kirkland
50 11/17/96 02 174 1 18.00 $325,000.



<PAGE>
OR 11. 2 141990000502794 52538 River Pine  91 $12,631.94 6/1/21 90 $65500
5/13/96 97739 300 05 2.75 2502794 $13,100. Lapine
41 8/13/96 00 296 1 18.00 $87,500.

CA 7.25 2 106990000502795 2141 LUZ AVE 91 $16,274.38 3/29/21 90 $84550
4/29/96 95116 299 05 3.25 2502795 $16,400. SAN JOSE
50 10/30/96 06 293 1 18.00 $113,000.


CA 7.25 2 106990000502796 4406 Clearcreek  81 $49,501.81 4/17/21 78 $183200
5/17/96 93021 299 05 0.50 2502796 $50,000. Moorpark
36 11/17/96 06 294 1 18.00 $300,000.






CA 7.25 2 106990000502797 22050 Vergil ST 91 $40,188.43 4/20/11 90 $97900
5/20/96 ****** 179 05 3.25 2502797 $40,600. Castro Valley
49 11/20/96 06 174 1 18.00 $154,000.

ID 11.5 2 116990000502798 941 Storey  92 $23,977.92 4/6/11 100 $72000
5/6/96 83642 179 05 3.25 2502798 $24,000. Meridian
39 7/1/96 02 174 1 18.00 $96,000.


CA 10.5 2 106990000502800 9451 Aldabra CT 91 $28,608.1 6/1/21 90 $145500
5/13/96 92129 300 05 2.25 2502800 $29,100. San Diego
37 8/13/96 00 296 1 18.00 $194,000.

CO 7.25 2 108990000502801 900 Valley LN 81 $108,679.66 6/1/21 58 $278672
6/3/96 80302 299 05 1.75 2502801 $120,000. Boulder
41 12/3/96 02 296 1 18.00 $695,000.


MN 10.5 2 127990000502804 588 Rice Creek  91 $23,848.67 6/1/21 90 $70500
5/7/96 55432 300 05 2.25 2502804 $24,000. Fridley
25 8/7/96 03 296 1 18.00 $105,000.

CA 8.5 2 106990000502805 18060 Sencillo  81 $28,616.19 6/1/21 80 $207000
5/8/96 92128 300 03 0.25 2502805 $29,000. San Diego
25 8/8/96 00 296 1 18.00 $295,000.



<PAGE>
MO 7.25 2 129990000502806 3 Route Orrick  81 $9,818.39 5/3/21 75 $68437
6/3/96 63501 299 05 1.00 2502806 $29,000. Kirksville
50 12/3/96 06 295 1 18.00 $130,000.

CA 6.99 2 106990000502807 5465 Omar ST 91 $9,701.43 7/3/11 97 $187200
7/3/96 94538 180 05 4.25 2502807 $26,000. Fremont
46 10/3/96 06 177 1 18.00 $222,000.


CA 10.25 2 106990000502811 2329 Wayne AVE 91 $8,703.8 4/30/21 89 $276500
4/30/96 90027 300 05 2.00 2502811 $35,000. Los Angeles
22 7/30/96 06 295 1 18.00 $350,000.

CO 10.5 2 108990000502812 188 Wedge Rock  91 $32,829.83 6/1/21 90 $166500
5/16/96 80540 300 05 2.25 2502812 $33,300. Lyons
39 8/16/96 01 296 1 18.00 $222,000.


MI 7.25 2 126990000502816 201 Baldwin 80 $33,146.28 6/3/11 80 $280000
6/3/96 48009 180 05 1.50 2502816 $40,000. Birmingham
45 12/3/96 06 176 1 18.00 $400,000.






CA 10.5 2 106990000502826 4846 E Somerton  91 $49,509.14 4/7/21 89 $207000
5/7/96 92667 299 05 2.25 2502826 $50,000. Orange
35 8/7/96 00 294 1 18.00 $290,000.

MI 7.25 2 126990000502828 815 Woodland 90 $24,889.7 6/3/11 90 $252000
6/3/96 48009 180 05 3.25 2502828 $50,000. Birmingham
31 12/3/96 01 176 1 18.00 $336,000.


NM 12. 2 135990000502830 829 Madeira DR  91 $18,240.97 6/1/11 95 $55366
5/6/96 87124 180 05 3.75 2502830 $18,250. Rio Rancho
40 8/6/96 02 176 1 18.00 $77,500.

CA 8.75 2 106990000502834 3021 Deakin ST 81 $9,900. 6/1/21 67 $156480
5/15/96 94705 300 05 0.50 2502834 $10,000. Berkeley
43 8/15/96 06 296 1 18.00 $250,000.



<PAGE>
CA 12. 2 106990000502841 11607 Quartz  91 $22,677.74 4/30/21 85 $184000
5/31/96 92708 299 05 3.75 2502841 $23,000. Fountain Valley
45 8/31/96 03 295 1 18.00 $245,000.

FL 7.25 2 112990000502845 1295 Seabay RD 91 $16,288.27 6/1/21 87 $117005
5/24/96 33326 300 05 2.25 2502845 $16,500. Ft Lauderdale
41 11/23/96 02 296 1 18.00 $154,000.


CA 7.25 2 106990000502846 22657 Dolorosa  91 $41,783.09 5/11/11 94 $154625
5/11/96 91367 180 05 3.25 2502846 $50,000. Woodland Hills
43 11/11/96 02 175 1 18.00 $220,000.

CA 10.5 2 106990000502848 2575 Lancaster  91 $16,617.04 5/3/21 90 $135200
6/3/96 95051 299 09 2.25 2502848 $16,900. Santa Clara
44 9/3/96 06 295 1 18.00 $169,000.


UT 12.5 2 149990000502854 2931 W 5600 S 92 $32,442.12 6/1/11 100 $65139
5/21/96 84067 180 05 4.25 2502854 $32,500. Roy
41 0 02 176 1 18.00 $98,000.

CA 12. 2 106990000502857 631 S Kenmore  91 $33,492.29 4/22/11 95 $95625
5/22/96 90005 179 01 3.75 2502857 $36,850. Los Angeles
35 0 06 174 1 18.00 $140,000.


CA 10.5 2 106990000502862 569 Tiffany DR 91 $37,303.34 6/1/21 90 $93731
5/10/96 95023 300 05 2.25 2502862 $37,500. Hollister
45 8/10/96 06 296 1 18.00 $146,000.






CA 10.5 2 106990000502863 95 Elmwood DR 91 $13,838.07 4/8/21 90 $226400
5/8/96 94583 299 03 2.25 2502863 $28,300. San Ramon
33 8/8/96 00 294 1 18.00 $283,047.

OR 10. 1 141990000502866 16000 SW  91 $285,211.03 6/1/11 60 $0
5/14/96 97123 180 05 1.75 2502866 $318,000. Hillsboro
47 8/14/96 06 176 1 18.00 $530,000.



<PAGE>
CA 9.25 2 106990000502869 884 Chimalus DR 81 $18,300.13 4/20/21 78 $257000
5/20/96 94306 299 05 1.00 2502869 $36,500. Palo Alto
49 8/20/96 06 294 1 18.00 $379,000.

OR 11.5 2 141990000502870 15607 SE  81 $31,800. 6/1/11 100 $171370
5/9/96 97267 180 05 3.25 2502870 $31,800. Milwaukie
41 0 06 176 1 18.00 $203,500.


CA 10.5 2 106990000502871 14531 Yukon ST 91 $31,836.52 5/2/21 90 $193000
5/2/96 92129 300 05 2.25 2502871 $32,000. San Diego
42 8/2/96 02 295 1 18.00 $251,000.

OR 11.5 2 141990000502873 444 SW  92 $34,262.31 4/8/11 100 $103500
5/8/96 97080 179 05 3.25 2502873 $34,500. Gresham
34 8/17/96 03 174 1 18.00 $138,000.


CA 9.75 2 106990000502874 26811 Vista Del  81 $16,350.08 6/1/21 40 $59862
5/16/96 92624 300 05 1.50 2502874 $16,500. Dana Point
49 8/16/96 06 296 1 18.00 $191,000.

CA 12. 2 106990000502875 21912 Western  91 $21,071.22 4/21/11 95 $135000
5/21/96 94541 179 05 3.75 2502875 $21,500. Hayward
32 8/21/96 02 174 1 18.00 $165,000.


MI 12.5 2 126990000502876 29402 Tonester  90 $35,898.9 6/5/11 99 $115500
6/5/96 48165 180 05 4.25 2502876 $36,000. New Hudson
44 0 06 176 1 18.00 $154,000.

OR 9.25 2 141990000502878 19901 SW  81 $53,513.18 5/10/21 80 $93516
5/10/96 97128 300 05 1.00 2502878 $82,400. Mc Minnville
36 8/10/96 03 295 1 18.00 $220,000.


CA 9.75 1 106990000502879 22966 & 22974  81 $99,468.89 5/3/21 80 $0
6/3/96 95383 299 05 1.50 2502879 $100,000. Twain Marte
47 0 06 295 1 18.00 $125,000.







<PAGE>
UT 8.75 2 149990000502887 2103 W Surrey  81 $26,183.68 5/3/21 64 $90678
6/3/96 84118 299 05 0.50 2502887 $50,000. Salt Lake City
42 9/3/96 06 295 1 18.00 $220,000.

CA 10.5 2 106990000502894 26302 Grayslake  91 $45,262.77 5/2/21 90 $364000
5/2/96 90275 300 05 2.25 2502894 $45,500. Rancho Palos
32 8/2/96 00 295 1 18.00 $455,000.


CA 9.75 2 106990000502895 115 Bacigalupi  80 $59,696.66 5/9/11 77 $278235
5/9/96 95032 180 05 1.50 2502895 $60,000. Los Gatos
47 8/9/96 02 175 1 18.00 $445,000.

CA 7.25 2 106990000502896 1001 Timberline  91 $41,678.68 4/6/11 90 $336000
5/6/96 92705 179 03 2.75 2502896 $42,000. Santa Ana Area
44 11/6/96 00 174 1 18.00 $420,000.


CO 9.75 2 108990000502902 1485 W 101st  81 $7,060.53 3/30/21 80 $109000
4/30/96 80221 299 05 1.50 2502902 $12,000. Northglenn
45 7/30/96 06 294 1 18.00 $152,000.

CO 8.75 2 108990000502915 605-615 Ammons  81 $34,733.68 4/8/21 75 $92000
5/8/96 80215 299 10 0.50 2502915 $35,000. Lakewood
45 8/8/96 02 294 1 18.00 $170,000.


OR 10.5 2 141990000502916 17185 NW  91 $20,082.05 4/6/21 86 $120000
5/6/96 97006 299 05 2.25 2502916 $20,500. Beaverton
26 8/6/96 01 294 1 18.00 $164,000.

CA 7.25 2 106990000502918 18946 Silverbit  91 $72,341.62 4/6/11 95 $388950
5/6/96 92648 179 03 3.75 2502918 $72,900. Huntington Beach
34 11/6/96 00 174 1 18.00 $487,000.


CA 10.25 2 106990000502919 1607 Port  81 $77,799.34 3/19/21 80 $382142
4/19/96 92660 299 05 2.00 2502919 $77,800. Newport Beach
37 7/19/96 03 293 1 18.00 $575,000.

FL 7.25 2 112990000502933 5410 NE 16 AVE 91 $7,178.75 5/6/21 90 $150384
5/6/96 33334 300 05 2.75 2502933 $10,000. Ft. Lauderdale
34 11/6/96 06 295 1 18.00 $180,000.



<PAGE>
CA 7.25 2 106990000502941 130 Gateway DR 91 $15,876.76 4/30/21 87 $141117
4/30/96 94044 300 05 3.25 2502941 $45,000. Pacifica
46 10/30/96 06 295 1 18.00 $215,000.






CA 10.5 2 106990000502942 8637 Chestnut  91 $25,074.26 4/1/21 90 $140000
5/1/96 90280 299 05 2.25 2502942 $26,500. South Gate
39 8/1/96 01 294 1 18.00 $185,000.

IL 7.25 2 117990000502946 2032 W Churchill 91 $19,731.57 6/4/21 90 $174400
6/4/96 60647 300 05 3.25 2502946 $20,000. Chicago
22 12/4/96 06 296 1 18.00 $218,000.


NY 9.25 2 136990000502947 2451 New Place 81 $19,910.3 4/22/21 40 $51496
5/22/96 11710 299 05 1.00 2502947 $20,000. Bellmore
38 8/22/96 01 294 1 18.00 $180,000.

CA 7.25 2 106990000502948 232 Mansfield DR 91 $30,115.25 7/1/21 90 $152625
6/4/96 94080 300 05 3.25 2502948 $30,525. South San
40 12/6/96 00 297 1 18.00 $203,500.


WA 8.75 2 153990000502949 2336 NE 31st ST 81 $24,645.58 4/30/21 75 $138500
5/31/96 98056 299 05 0.50 2502949 $25,000. Renton
33 8/31/96 06 295 1 18.00 $220,000.

FL 7.25 2 112990000502950 2410 SW 7th  91 $47,616.33 5/2/11 90 $98000
5/2/96 33129 180 05 3.25 2502950 $47,800. Miami
39 11/2/96 06 175 1 18.00 $162,000.


CA 10.5 2 106990000502952 30 Anderson RD 91 $31,000. 4/19/21 90 $248000
4/19/96 94502 300 03 2.25 2502952 $31,000. Alameda
34 0 00 294 1 18.00 $310,000.

CA 8.75 2 106990000502953 1995 Oak Park  81 $9,858.83 6/5/21 80 $174000
6/5/96 94523 300 05 0.50 2502953 $10,300. Pleasant Hill
33 9/5/96 06 296 1 18.00 $230,500.



<PAGE>
CA 11.5 2 106990000502955 3921 Canon AVE 90 $25,347.76 5/3/11 95 $174000
5/3/96 94602 180 05 3.25 2502955 $25,500. Oakland
39 8/3/96 03 175 1 18.00 $210,000.

WA 7.25 2 153990000502969 3821 SW 331st  91 $17,738.75 5/23/11 96 $142014
5/23/96 98023 180 05 3.25 2502969 $18,000. Federal Way
37 11/23/96 01 175 1 18.00 $168,000.


CA 7.25 2 106990000502973 17645 Manzanita  91 $26,696.1 4/23/21 83 $158000
5/23/96 95037 299 05 2.75 2502973 $27,000. Morgan Hill
41 11/23/96 02 294 1 18.00 $225,000.






MI 7.25 2 126990000502982 25960 York 90 $44,299.46 6/6/11 90 $199000
6/6/96 48067 180 05 3.00 2502982 $53,000. Royal Oak
15 12/6/96 02 176 1 18.00 $280,000.

WA 11. 2 153990000502985 5356 Diamond PL 91 $40,723.9 6/1/21 90 $205500
5/7/96 98110 300 05 2.75 2502985 $41,000. Bainbridge Island
43 8/7/96 06 296 1 18.00 $274,000.


CA 7.25 2 106990000502986 3769 First Avenue 91 $16,884.45 3/30/21 90 $90750
4/30/96 92103 299 05 3.25 2502986 $18,100. San Diego
50 10/31/96 00 294 1 18.00 $121,000.

CO 8.75 2 108990000502987 1355 S Uravan ST 81 $12,027.76 4/9/21 80 $90000
5/9/96 80017 299 05 0.50 2502987 $15,000. Aurora
39 8/9/96 02 294 1 18.00 $132,000.


CA 8.25 2 106990000502988 23920 Rotunda  91 $50,000. 3/26/21 95 $199640
4/26/96 91355 299 03 3.75 2502988 $50,000. Valencia Area
33 7/26/96 00 293 1 15.00 $263,500.

CA 10.25 2 106990000502992 463 Juanita DR 91 $26,548.38 4/10/21 90 $217600
5/10/96 95050 299 05 2.00 2502992 $27,200. Santa Clara
28 8/10/96 00 294 1 18.00 $272,000.



<PAGE>
MI 7.25 2 126990000502996 771 Sherbrooke 80 $49,313.93 6/6/11 78 $183000
6/6/96 48382 180 05 1.50 2502996 $50,000. Commerce
30 12/6/96 06 176 1 18.00 $300,000.

NV 7.25 2 132990000502997 3579 Nicole ST 91 $29,769.24 3/24/11 95 $165000
4/24/96 89120 179 05 4.25 2502997 $39,200. Las Vegas
45 10/24/96 01 173 1 18.00 $215,000.


CA 11.5 2 106990000502998 120 MERIDIAN  91 $22,690.06 3/25/21 89 $125250
4/25/96 91801 299 05 3.25 2502998 $23,000. ALHAMBRA
50 7/26/96 06 293 1 18.00 $167,000.

CA 12. 2 106990000503001 5504 Jasmine CT 90 $98,547.84 4/2/11 90 $178000
5/2/96 ****** 179 05 3.75 2503001 $99,000. Castro Valley
49 8/2/96 06 174 1 18.00 $308,000.


CA 7.25 2 106990000503002 2061 Casa Nuestra 81 $99,230.67 4/1/21 80 $637106
5/1/96 94528 299 05 1.50 2503002 $150,000. Diablo
47 11/2/96 02 294 1 18.00 $990,000.






CA 11. 2 106990000503003 9737 Lemon AVE 91 $22,047.54 5/3/21 90 $202500
6/3/96 91701 299 05 2.75 2503003 $36,000. Rancho
39 9/3/96 06 295 1 18.00 $265,000.

IL 9.75 2 117990000503004 14801 Caletta  81 $19,376.87 5/4/21 59 $54171
6/4/96 60452 299 05 1.50 2503004 $22,000. Oak Forest
49 9/4/96 06 295 1 18.00 $130,000.


CA 11. 2 106990000503007 3555 Georgia ST 91 $27,146.34 6/1/21 90 $137250
5/24/96 92104 300 05 2.75 2503007 $27,450. San Diego
47 8/24/96 06 296 1 18.00 $183,000.

CA 11. 2 106990000503008 6315 Rockhurst  91 $20,023.23 6/1/21 90 $199353
5/20/96 92120 300 05 2.75 2503008 $25,000. San Diego
47 8/20/96 06 296 1 18.00 $252,000.



<PAGE>
UT 12.5 2 149990000503009 3499 W Vespa  91 $21,800.18 6/1/11 95 $58059
5/20/96 84119 180 05 4.25 2503009 $22,000. Salt Lake City
35 8/20/96 06 176 1 18.00 $85,000.

CA 11. 2 106990000503010 25511 Sarita DR 91 $30,059.71 6/1/21 88 $237000
5/17/96 92653 300 05 2.75 2503010 $30,550. Laguna Hills
39 8/17/96 06 296 1 18.00 $306,000.


MO 8.75 2 129990000503011 2367 Hempline  81 $14,833.65 6/1/21 58 $43912
5/21/96 63129 300 05 0.50 2503011 $15,000. St. Louis
44 8/21/96 06 296 1 18.00 $102,000.

CA 9.25 2 106990000503013 12765 Legacy PL 81 $39,845.12 6/1/21 51 $139366
5/22/96 92131 300 03 1.00 2503013 $40,000. San Diego
44 8/22/96 06 296 1 18.00 $355,000.


CA 9.75 2 106990000503014 9925 Wealtha  81 $48,625.79 6/1/21 71 $84101
5/15/96 91352 300 05 1.50 2503014 $50,000. Sun Valley
46 8/15/96 06 296 1 18.00 $190,000.

NM 10.5 2 135990000503015 1722 Marble  91 $7,914.37 6/1/21 89 $55000
5/20/96 87104 300 05 2.25 2503015 $35,000. Albuquerque
45 8/20/96 06 296 1 18.00 $102,000.


WA 12.5 2 153990000503017 10724 E 7th AVE 91 $35,500. 5/7/11 95 $92168
5/7/96 99206 180 05 4.25 2503017 $35,500. Spokane
48 0 03 175 1 18.00 $135,000.






CA 11.5 2 106990000503018 6 Fairfield 92 $45,978.64 5/7/11 100 $174000
5/7/96 92610 180 03 3.25 2503018 $46,000. Foothill Ranch
45 0 06 175 1 18.00 $220,000.

CA 10.5 2 106990000503019 213 N Windsor  81 $22,792.09 5/13/21 89 $372000
5/13/96 90004 300 05 2.25 2503019 $47,500. Los Angeles
28 8/13/96 06 295 1 18.00 $475,000.



<PAGE>
CA 7.25 2 106990000503024 1216 3rd ST 81 $26,297.05 4/3/21 48 $100362
5/3/96 90254 299 05 3.25 2503024 $26,500. HERMOSA
45 11/3/96 00 294 1 18.00 $265,000.

MI 7.25 2 126990000503029 21109 Gill 90 $330.52 6/7/11 90 $112000
6/7/96 48335 180 05 3.25 2503029 $32,000. Farmington Hills
16 12/7/96 06 176 1 18.00 $160,000.


AZ 10.5 2 104990000503030 9037 N 33rd PL 91 $23,282.11 3/23/21 90 $120000
4/23/96 85028 299 05 2.25 2503030 $24,000. Phoenix
42 7/23/96 03 293 1 18.00 $160,000.

CA 11. 2 106990000503040 99 Broadmoor  80 $20,000. 5/10/11 79 $141600
5/10/96 94577 180 05 2.75 2503040 $20,000. San Leandro
48 8/10/96 06 175 1 18.00 $205,000.


AZ 7.25 2 104990000503042 3956 E Calle De  91 $32,224.81 3/1/21 89 $99103
4/22/96 85711 298 03 2.25 2503042 $36,000. Tucson
35 10/22/96 06 293 1 18.00 $153,500.

OR 7.25 2 141990000503044 2978 N  91 $36,993.23 5/5/21 90 $187500
6/5/96 97504 299 05 2.00 2503044 $37,500. MEDFORD
26 12/5/96 00 295 1 18.00 $250,000.


OR 8.75 2 141990000503045 1747 NW  81 $12,026.06 5/13/21 74 $207000
5/13/96 97701 300 05 0.50 2503045 $15,000. Bend
33 8/13/96 04 295 1 18.00 $300,000.

CA 10.5 2 106990000503046 4991  91 $29,768.77 4/15/21 90 $248000
5/15/96 92130 299 05 2.25 2503046 $30,000. San Diego
41 8/15/96 00 294 1 18.00 $310,000.


VA 12. 2 151990000503051 7239 Stover DR 91 $43,584.48 6/1/11 95 $89032
5/14/96 22306 180 09 3.75 2503051 $43,900. Alexandria
32 8/14/96 02 176 1 18.00 $140,000.







<PAGE>
IL 10.75 2 117990000503052 2642 W 15th ST 91 $17,096.01 6/1/21 90 $41350
5/8/96 60608 300 05 2.50 2503052 $17,100. Chicago
26 8/8/96 06 296 1 18.00 $65,000.

MN 10.5 2 127990000503053 820 S Miller AVE 91 $17,953.72 6/1/21 90 $73165
5/10/96 55355 300 05 2.25 2503053 $19,500. Litchfield
36 8/10/96 06 296 1 18.00 $103,000.


ID 10.25 2 116990000503055 239 Sage RD E 91 $13,842.55 6/1/21 90 $70400
5/20/96 83338 300 05 2.00 2503055 $14,000. Jerome
29 8/20/96 00 296 1 18.00 $94,000.

CO 11.5 2 108990000503064 4343 Ulysses  91 $49,471.44 6/1/21 88 $181400
5/21/96 80403 300 05 3.25 2503064 $50,000. Golden
48 8/21/96 06 296 1 18.00 $265,000.


CA 11. 2 106990000503065 615 Central AVE 91 $41,383.82 4/3/21 90 $138000
5/3/96 94553 299 05 2.75 2503065 $41,950. Martinez
38 8/3/96 02 294 1 18.00 $200,000.

IN 11. 2 118990000503066 1128 Orchard LN 91 $5,409. 5/1/21 84 $60661
4/18/96 46131 300 05 2.75 2503066 $10,000. Franklin
43 8/1/96 06 295 1 18.00 $85,000.


CA 8.5 2 106990000503067 43659 Crystal  81 $9,896.11 6/1/21 50 $54298
5/20/96 93614 300 05 0.25 2503067 $10,000. Coarsegold
32 8/20/96 03 296 1 18.00 $129,500.

WA 10.5 2 153990000503069 W 972 East  91 $23,834.94 6/1/21 90 $120000
5/9/96 98541 300 05 2.25 2503069 $24,000. Elma
35 8/9/96 06 296 1 18.00 $160,000.


CA 11.5 2 106990000503070 273 Riverdale  91 $9,901.19 6/1/21 89 $93209
5/16/96 95687 300 05 3.25 2503070 $18,000. Vacaville
36 8/16/96 06 296 1 18.00 $125,000.

CA 11. 2 106990000503071 6801 Terreno DR 91 $36,714.85 6/1/21 89 $185250
5/16/96 95683 300 03 2.75 2503071 $37,000. Rancho Murieta
42 8/16/96 00 296 1 18.00 $250,000.



<PAGE>
CA 11.5 2 106990000503072 861 Columbia  91 $6,962.54 6/1/11 95 $274500
5/10/96 94065 180 01 3.25 2503072 $15,000. Redwood City
39 8/10/96 00 176 1 18.00 $305,000.






NM 9.75 2 135990000503073 1920 Lead AVE  81 $24,711.69 6/1/21 55 $62735
5/24/96 87106 300 10 1.50 2503073 $25,000. Albuquerque
47 8/24/96 02 296 1 18.00 $162,000.

MO 12. 2 129990000503074 3653 Carol PARK 91 $15,500.74 6/1/11 95 $58390
5/20/96 63051 180 05 3.75 2503074 $15,700. House Springs
38 8/20/96 06 176 1 18.00 $78,000.


CA 7.25 2 106990000503079 7267 PIPER RD 81 $34,235.72 3/30/21 79 $172500
4/30/96 94511 299 05 3.25 2503079 $34,500. BETHEL
48 10/30/96 06 294 1 18.00 $263,000.

CA 7.25 2 106990000503080 600 Arnold DR 91 $24,653.94 3/29/21 88 $120056
4/29/96 95020 299 05 2.75 2503080 $45,000. Gilroy
36 10/29/96 02 293 1 18.00 $188,000.


CA 7.25 2 106990000503081 11911 Hartdale  91 $30,111.54 4/6/11 95 $196751
5/6/96 90638 179 05 3.75 2503081 $34,000. La Mirada
39 11/6/96 02 174 1 18.00 $243,000.

CO 9.25 2 108990000503083 42879 Vista  81 $14,832.42 4/17/21 80 $123000
5/17/96 80134 299 05 1.00 2503083 $25,000. Parker
50 8/17/96 06 294 1 18.00 $185,000.


HI 11. 2 115990000503084 1533 Kamole ST 91 $59,561.54 5/14/21 90 $480000
5/14/96 96821 300 05 2.75 2503084 $60,000. Honolulu
39 8/14/96 00 295 1 18.00 $600,000.

CA 11. 2 106990000503085 874 Fernhill CT 91 $70,484.21 3/29/21 91 $308335
4/29/96 91320 299 05 2.75 2503085 $74,500. Newbury Park
41 7/29/96 01 293 1 18.00 $425,000.



<PAGE>
CA 11. 2 106990000503086 4331 Fireside CIR 91 $10,083.32 3/22/21 90 $159200
4/22/96 92714 299 03 2.75 2503086 $19,900. Irvine
34 7/22/96 03 293 1 18.00 $200,000.

FL 5. 2 112990000503087 17314 Hubers CT 91 $18,048.34 5/12/21 89 $144757
5/13/96 33556 299 03 3.25 2503087 $36,500. Odessa
46 11/13/96 06 295 1 18.00 $204,000.


CA 11. 2 106990000503088 2264 Montezuma  91 $75,307.02 5/14/21 90 $207000
5/14/96 95008 300 05 2.75 2503088 $76,500. Campbell
41 8/14/96 00 295 1 18.00 $315,000.






CA 9.25 2 106990000503089 3651 Roderick RD 81 $21,038.54 4/1/21 69 $83347
5/1/96 90065 299 05 1.00 2503089 $30,000. Los Angeles
44 8/1/96 06 294 1 18.00 $165,000.

CA 7.25 2 106990000503116 850 Bermuda DR 91 $17,559.45 4/3/21 87 $207000
5/3/96 94403 299 03 2.75 2503116 $36,900. San Mateo
45 11/3/96 06 294 1 18.00 $281,000.


MA 7.25 2 125990000503117 26 Columbia RD 80 $23,032.6 5/31/11 80 $195000
5/31/96 01945 180 05 0.50 2503117 $33,000. Marblehead
39 11/30/96 06 176 1 18.00 $285,000.

AZ 10.75 2 104990000503118 9350 N 105th  91 $23,424.07 5/14/21 88 $182218
5/14/96 85258 300 03 2.50 2503118 $23,500. Scottsdale
42 8/14/96 06 295 1 18.00 $235,000.


CA 11. 2 106990000503123 8860 Central AVE 91 $25.12 5/10/21 90 $82500
5/10/96 95662 300 05 2.75 2503123 $21,900. Orangevale
22 8/10/96 01 295 1 18.00 $116,000.

CA 11. 2 106990000503125 31007 Lexington  91 $35,976.32 3/29/21 90 $162000
4/29/96 91361 299 01 2.75 2503125 $36,000. Westlake Village
42 7/29/96 01 293 1 18.00 $220,000.



<PAGE>
NY 9.25 2 136990000503134 10 Moonlit CT 81 $22,256.4 5/6/21 70 $200000
6/6/96 11787 299 05 1.00 2503134 $35,000. Smithtown
37 9/6/96 06 295 1 18.00 $340,000.

CA 10.75 2 106990000503136 12717 Arena DR 91 $44,250. 5/14/21 90 $221250
5/14/96 91739 300 05 2.75 2503136 $44,250. Rancho
37 8/14/96 00 295 1 18.00 $295,000.


CA 7.25 2 106990000503137 1802 Velez DR 91 $25,357.08 3/24/21 90 $220000
4/24/96 90275 299 05 2.75 2503137 $27,500. Rancho Palos
32 10/24/96 06 293 1 18.00 $275,000.

NY 11. 2 136990000503138 51 Glenna Little  91 $23,341.95 6/7/21 90 $204000
6/7/96 11743 300 05 2.75 2503138 $23,700. Huntington
40 9/7/96 06 296 1 18.00 $255,000.


CA 12. 2 106990000503140 18302 Thomas  91 $25,685.45 7/1/11 95 $137514
6/4/96 92646 180 05 3.75 2503140 $25,800. Huntington Beach
44 0 06 177 1 18.00 $172,000.






CA 7.25 2 106990000503141 151130 JENELL  91 $15,758.21 4/2/21 90 $130000
5/2/96 92064 299 05 3.25 2503141 $16,200. POWAY
48 11/2/96 06 294 1 18.00 $162,500.

CA 12. 2 106990000503143 1665 Kofman  91 $41,132.19 5/3/21 85 $309750
5/3/96 94502 300 05 3.75 2503143 $41,300. Alameda
47 8/3/96 06 295 1 18.00 $413,000.


CA 10.5 2 106990000503146 24672 Brighton  91 $16,085.28 4/16/21 89 $198400
5/16/96 91355 299 01 2.25 2503146 $20,000. Santa Clarita
29 8/16/96 06 294 1 18.00 $248,000.

OR 8.75 2 141990000503149 17602 Blue  81 $8,704.46 4/20/21 45 $139634
5/20/96 97034 299 05 0.50 2503149 $50,000. Lake Oswego
31 8/20/96 06 294 1 18.00 $425,000.



<PAGE>
CA 10.75 2 106990000503150 316 Paramount  91 $44,426.17 5/20/11 95 $239200
5/20/96 94030 180 05 2.50 2503150 $44,850. Millbrae
32 8/20/96 00 175 1 18.00 $299,000.

CA 11. 2 106990000503152 18640 RALYA  91 $39,747.21 3/30/21 84 $175503
4/30/96 95131 299 05 2.75 2503152 $40,000. CUPERTINO
37 0 06 294 1 18.00 $257,000.


MI 7.25 2 126990000503153 22509 Lake DR 90 $13,292.71 6/7/11 90 $84000
6/7/96 48082 180 05 2.75 2503153 $16,800. St. Clair Shores
44 12/7/96 06 176 1 18.00 $112,000.

CA 11.5 2 106990000503156 3138 HAGA DR 91 $41,669.02 3/30/21 90 $101000
4/30/96 95111 299 05 3.25 2503156 $42,400. SAN JOSE
50 0 06 294 1 18.00 $160,000.


FL 11. 2 112990000503159 14524 SW 58  91 $22,137.59 3/24/21 90 $120000
4/24/96 33183 299 03 2.75 2503159 $24,000. Miami
38 7/24/96 02 293 1 18.00 $160,000.

OR 11. 2 141990000503163 10651 N EAST  91 $55,111.04 4/3/21 90 $124041
5/3/96 97220 299 05 2.75 2503163 $56,800. PORTLAND
33 8/3/96 06 294 1 18.00 $201,000.


GA 8.5 2 113990000503166 1050 Creek Ridge  81 $20,480.59 4/29/21 73 $207000
4/29/96 30202 300 03 0.25 2503166 $21,000. Alpharetta
27 7/29/96 06 294 1 18.00 $313,000.






CA 7.25 2 106990000503167 3293 Crownview  81 $24,441.45 4/6/21 72 $518000
5/6/96 90275 299 05 1.50 2503167 $100,000. Rancho Palos
49 11/6/96 06 294 1 18.00 $860,000.

CA 9.75 2 106990000503168 1680 Castlebridge  81 $179,050.63 3/25/21 80 $677994
4/25/96 91362 299 03 1.50 2503168 $180,000. Thousand Oaks
50 7/25/96 06 293 1 18.00 $1,075,000.



<PAGE>
CA 10.75 2 106990000503169 321 18th ST 91 $54,467.84 5/24/21 90 $636000
5/24/96 90402 300 05 2.50 2503169 $79,500. Santa Monica
27 8/24/96 06 295 1 18.00 $795,000.

CA 11. 2 106990000503173 3847 Kirk RD 91 $32,765.31 5/22/21 90 $168750
5/22/96 95124 300 05 2.75 2503173 $33,750. San Jose
45 8/22/96 00 295 1 18.00 $225,000.


OR 10.25 2 141990000503181 133 Cedar Bluff  91 $30,071.07 5/7/11 90 $193742
6/7/96 97303 179 05 2.00 2503181 $39,000. Keizer
30 9/7/96 06 175 1 18.00 $260,000.

UT 11.25 2 149990000503182 421 W 2375 N 91 $23,435.88 5/7/21 99 $128212
6/7/96 84025 299 05 3.00 2503182 $25,000. Lehi
29 0 06 295 1 18.00 $155,000.


CA 10.25 2 106990000503183 1 Blanding LN 81 $74,824.52 5/17/21 32 $307966
5/17/96 94920 300 05 2.00 2503183 $75,000. Belevedere
48 8/17/96 06 295 1 18.00 $1,200,000.

CA 11. 2 106990000503191 1232 E  91 $49,716.15 5/3/21 88 $207000
5/3/96 91741 300 05 2.75 2503191 $50,000. Glendora
39 8/4/96 02 295 1 18.00 $295,000.


GA 10.5 2 113990000503207 935 River  91 $36,833.16 5/28/11 90 $184850
5/29/96 30328 179 05 2.25 2503207 $36,950. Atlanta
29 8/29/96 00 175 1 18.00 $246,500.

MI 7.25 2 126990000503209 334 Hickory 90 $4,780.27 6/10/11 94 $112000
6/10/96 48042 180 05 4.25 2503209 $10,000. Milford
22 12/10/96 06 176 1 18.00 $130,000.


IL 11.5 2 117990000503211 27 W 064 Jewell  91 $67,500. 5/1/11 90 $207000
5/1/96 60190 180 05 3.25 2503211 $67,500. Winfield
35 8/1/96 02 175 1 18.00 $305,000.







<PAGE>
CA 11.25 2 106990000503212 6260 WAVERLY  91 $119,721.29 5/20/21 88 $726350
5/20/96 92037 300 05 3.00 2503212 $121,000. LA JOLLA
36 0 00 295 1 18.00 $970,000.

CO 7.25 2 108990000503213 11748 W 54th PL 81 $67,202.39 5/1/11 52 $164000
6/10/96 80002 178 05 1.75 2503213 $99,900. Arvada
7 12/10/96 06 175 1 18.00 $515,000.


CA 12. 2 106990000503218 1763 Topanga  91 $61,727.23 4/17/11 84 $166244
5/17/96 90290 179 05 3.75 2503218 $63,000. Topanga
20 0 03 174 1 18.00 $276,000.

CA 10.5 2 106990000503221 1536 Howard  90 $33,935.17 5/21/11 90 $273600
5/21/96 94070 180 05 2.25 2503221 $34,200. San Carlos
37 8/21/96 00 175 1 18.00 $342,000.


NY 7.25 2 136990000503228 220-31 100th  91 $39,333.5 6/1/21 90 $140000
5/14/96 11429 300 05 3.75 2503228 $40,000. Queens Village
37 11/14/96 02 296 1 18.00 $200,000.

CA 11.5 2 106990000503229 1221 PERALTA  91 $32,964.48 4/2/21 90 $165000
5/2/96 94044 299 05 3.25 2503229 $33,000. PACIFICA
46 0 06 294 1 18.00 $220,000.


OR 11.5 2 141990000503231 2111 NE  92 $20,985.4 6/1/11 100 $74000
5/21/96 97701 180 05 3.25 2503231 $21,000. Bend
41 0 06 176 1 18.00 $95,000.

CA 11. 2 106990000503232 68 Princeton  91 $49,591.75 5/15/21 89 $207000
5/15/96 92270 300 05 2.75 2503232 $100,000. Rancho Mirage
22 8/15/96 02 295 1 18.00 $345,000.


MI 7.25 2 126990000503244 126 Balfour DR 80 $49,479.62 6/10/11 74 $600000
6/10/96 48301 180 05 1.25 2503244 $50,000. Bloomfield Hills
10 12/10/96 01 176 1 18.00 $890,000.

GA 11. 2 113990000503246 2565 Hamptons  91 $26,300.49 5/27/21 83 $207000
5/28/96 30202 299 03 2.75 2503246 $27,000. Alpharetta
13 8/28/96 00 295 1 18.00 $284,000.



<PAGE>
OH 11.5 2 139990000503247 239 Travis DR 91 $5,041.55 5/31/21 95 $54754
5/31/96 45431 300 05 3.25 2503247 $5,096. Dayton
41 0 06 296 1 18.00 $63,000.






MD 7.25 2 124990000503248 490 Swaggers  91 $49,366.45 5/30/11 94 $187800
5/24/96 20688 180 05 3.75 2503248 $50,000. Solomons
43 11/24/96 02 176 1 18.00 $253,000.

CO 11. 2 108990000503255 5748 S Quintero  91 $40,333.44 4/23/21 90 $202000
4/23/96 80015 300 05 2.75 2503255 $40,000. Aurora
23 7/23/96 01 294 1 18.00 $270,000.


NV 10.5 2 132990000503261 6324 Echo Creek  91 $24,768.65 6/1/21 90 $125250
5/15/96 89509 300 03 2.25 2503261 $25,000. Reno
41 8/15/96 06 296 1 18.00 $167,000.

CA 9.5 2 106990000503265 220 Miramontes  81 $44,335.67 5/7/11 60 $250000
6/7/96 94019 179 05 1.25 2503265 $50,000. Half Moon Bay
20 9/7/96 01 175 1 18.00 $500,000.


CA 7.25 2 106990000503267 276 Casitas  91 $13,355.09 3/24/21 90 $389629
4/24/96 95030 299 03 2.50 2503267 $50,000. Los Gatos
25 10/24/96 06 293 1 18.00 $490,000.

CA 11. 2 106990000503268 282 Brandon DR 91 $37,692.96 5/5/21 90 $191250
6/5/96 93117 299 05 2.75 2503268 $38,250. Goleta
40 9/5/96 00 295 1 18.00 $255,000.


CA 10.5 2 106990000503273 2303 N Cameron  91 $24,295.41 3/22/21 88 $258400
4/22/96 91724 299 05 2.25 2503273 $25,000. Covina
35 7/22/96 00 293 1 18.00 $323,000.

CA 9.25 2 106990000503274 11649 E 206th ST 81 $17,748.02 7/1/21 78 $74831
6/8/96 90715 300 05 1.00 2503274 $18,000. Lakewood
45 9/8/96 06 297 1 18.00 $120,000.



<PAGE>
CA 12. 2 106990000503275 5809  91 $33,993.03 4/1/11 95 $181600
5/1/96 91301 179 05 3.75 2503275 $34,000. AGOURA HILLS
38 0 00 174 1 18.00 $227,000.

CA 9.25 2 106990000503276 4536 El Carro LN 81 $71,268.81 5/5/21 65 $9373
6/5/96 93013 299 05 1.00 2503276 $150,000. Carpinteria
28 9/5/96 06 295 1 18.00 $249,000.


CA 11. 2 106990000503277 2247 E Del Mar  91 $24,471.88 6/1/21 90 $123750
5/24/96 91107 300 05 2.75 2503277 $24,750. Pasadena
38 8/24/96 06 296 1 18.00 $165,000.






CO 10.75 2 108990000503278 1932 E 8th ST 91 $11,508.43 4/14/11 95 $45305
5/14/96 81001 179 05 2.50 2503278 $11,650. Pueblo
27 8/14/96 06 174 1 18.00 $60,000.

CA 12. 2 106990000503280 1612 Condor CT 91 $40,394.44 7/1/11 94 $89683
6/7/96 95661 180 05 3.75 2503280 $41,000. Roseville
40 9/7/96 02 177 1 18.00 $140,000.


CA 8.75 1 106990000503293 5001 College  81 $100,507.29 5/4/21 80 $0
6/4/96 93306 299 05 0.50 2503293 $105,000. Bakersfield
17 9/4/96 06 295 1 18.00 $132,000.

FL 12. 2 112990000503294 8160 SW 163rd  92 $43,000. 5/22/11 100 $97000
5/22/96 33193 180 03 3.75 2503294 $43,000. Miami
50 0 06 175 1 18.00 $140,000.


OR 7.25 2 141990000503296 260 Washington  81 $19,389.39 5/10/21 48 $159380
6/10/96 97302 299 05 0.50 2503296 $20,000. Salem
33 12/10/96 06 295 1 18.00 $380,000.

FL 11. 2 112990000503301 5760 SW 4th ST 91 $13,267.29 5/23/11 84 $115100
5/24/96 33317 179 05 2.75 2503301 $13,400. Plantation
38 8/24/96 00 175 1 18.00 $153,500.



<PAGE>
UT 12. 2 149990000503306 3959 S 4665 W 91 $44,737.77 6/7/11 95 $79056
6/7/96 84120 180 05 3.75 2503306 $45,400. West Valley City
45 9/7/96 02 176 1 18.00 $132,000.

CA 9.25 2 106990000503307 2270  80 $62,500. 4/13/11 80 $937500
5/13/96 90068 179 05 1.00 2503307 $62,500. LOS ANGELES
34 8/13/96 00 174 1 18.00 $1,250,000.


CA 12.25 2 106990000503315 2316 Greer RD 91 $20,772.77 7/3/11 95 $385200
7/3/96 94303 180 05 4.00 2503315 $21,400. Palo Alto
36 0 03 177 1 18.00 $428,000.

CA 7.25 2 106990000503325 295 Sunnycroft  81 $73,523.78 4/1/21 80 $169000
5/1/96 95005 299 05 1.00 2503325 $74,200. Ben Lomond
43 11/1/96 02 294 1 18.00 $304,000.


CA 9.25 2 106990000503330 7737 Stearman  81 $15,848.92 5/15/21 79 $176000
5/15/96 95376 300 05 1.00 2503330 $16,000. Tracy
45 8/15/96 01 295 1 18.00 $245,000.






MN 10.5 2 127990000503338 5370 226th AVE  91 $23,115.56 6/1/21 90 $117250
5/29/96 55092 300 05 2.25 2503338 $23,400. Linwood
38 8/29/96 00 296 1 18.00 $156,364.

CA 11. 2 106990000503341 25 La Perla 91 $482.75 4/18/11 90 $226000
4/18/96 92610 180 03 2.75 2503341 $28,000. Foothill Ranch
35 0 01 174 1 18.00 $282,500.


NY 9.25 2 136990000503342 11 CLOVER  81 $148,083.54 4/23/21 80 $350000
5/23/96 11021 299 05 1.00 2503342 $150,000. GREAT NECK
38 8/29/96 06 294 1 18.00 $625,000.

OR 12. 2 141990000503344 15601  91 $50,000. 3/25/11 92 $275000
4/25/96 97035 179 03 3.75 2503344 $50,000. Lake Oswego
36 0 06 173 1 18.00 $354,000.



<PAGE>
WA 11. 2 153990000503345 2111 E Pine ST 91 $29,884.92 4/3/21 90 $145000
5/3/96 98122 299 05 2.75 2503345 $30,000. SEATTLE
44 8/3/96 06 294 1 18.00 $195,000.

OR 11.5 2 141990000503356 16401 S Bobcat  91 $46,671.89 7/1/21 85 $92522
6/14/96 97754 300 05 3.25 2503356 $47,000. Prineville
50 9/14/96 02 297 1 18.00 $165,000.


CA 7.25 2 106990000503358 2105 Gold Rush  81 $20,886.8 6/13/11 80 $112000
6/13/96 95670 180 03 2.25 2503358 $22,000. Gold River
45 0 06 176 1 18.00 $169,000.

CA 8.75 2 106990000503359 665 Fiesta DR 81 $19,762.77 4/28/21 80 $204000
5/28/96 94403 299 03 0.50 2503359 $20,000. San Mateo
29 8/28/96 00 294 1 18.00 $280,000.


NV 9. 2 132990000503360 8760 W Ann RD 81 $5,282.35 5/10/11 70 $150628
6/10/96 89129 179 05 0.75 2503360 $10,000. Las Vegas
24 9/10/96 06 175 1 18.00 $230,000.

CA 7.25 2 106990000503361 2083 Oxford  91 $47,136.39 3/30/21 90 $317000
4/30/96 92007 299 05 3.75 2503361 $47,500. Encinitas
45 10/30/96 02 294 1 18.00 $405,000.


GA 10.5 2 113990000503363 3491 Grovewood  91 $9,600.49 5/23/21 88 $85400
5/23/96 30136 300 03 2.25 2503363 $10,000. Duluth
37 8/23/96 02 295 1 18.00 $109,000.






CO 7.25 2 108990000503364 2912 Lake  91 $46,163.89 4/21/21 90 $154000
5/21/96 80513 299 05 3.25 2503364 $46,700. Berthoud
41 11/21/96 06 294 1 18.00 $223,000.

CA 11. 2 106990000503367 38461 Green  91 $62,453.79 6/1/21 90 $184000
5/24/96 92592 300 05 2.75 2503367 $63,000. Temecula
42 8/24/96 06 296 1 18.00 $275,000.



<PAGE>
CA 7.25 2 106990000503368 26625 Sierra Vista 91 $43,919.56 5/29/21 90 $207000
5/29/96 92692 300 03 2.25 2503368 $44,100. Mission Veijo
23 11/29/96 00 295 1 18.00 $279,000.

CA 7.25 2 106990000503370 34 Downfield  91 $36,487.08 4/10/21 90 $294350
5/10/96 92679 299 03 2.75 2503370 $36,800. Coto De Caza
32 11/10/96 00 294 1 18.00 $370,000.


CA 7.25 2 106990000503371 4220  91 $24,808.45 4/8/21 89 $136000
5/8/96 93033 299 05 2.75 2503371 $25,000. OXNARD
33 11/8/96 06 294 1 18.00 $181,000.

CA 7.25 2 106990000503372 254 S Larkwood  91 $32,569.87 4/11/11 90 $172000
4/11/96 92808 180 05 2.75 2503372 $32,700. Anaheim
37 7/11/96 03 174 1 18.00 $227,500.


CA 10.5 2 106990000503374 2542 Renata CT 91 $37,043.75 5/14/21 85 $187450
5/14/96 91360 300 01 2.25 2503374 $37,540. Thousand Oaks
43 8/14/96 00 295 1 18.00 $265,000.

CA 10.5 2 106990000503375 27734 W Glacier  91 $32,279.71 4/20/21 90 $146638
5/20/96 91384 299 05 2.25 2503375 $33,000. Castaic
41 8/20/96 06 294 1 18.00 $200,000.


CA 12. 2 106990000503378 1419 Aster LN 92 $19,914.02 4/24/11 100 $175000
5/24/96 94550 179 05 3.75 2503378 $20,000. Livermore
46 0 06 174 1 18.00 $195,000.

UT 11. 2 149990000503379 7973 S Pinewood  91 $17,947.3 4/17/21 90 $90787
5/17/96 84094 299 05 2.75 2503379 $18,000. Sandy
33 8/18/96 03 294 1 18.00 $121,000.


DC 8.75 2 111990000503381 7734 16th ST NW 81 $42,583.62 5/17/21 79 $202168
5/17/96 20012 300 05 0.50 2503381 $43,000. Washington
38 8/17/96 03 295 1 18.00 $312,000.







<PAGE>
CA 9.25 2 106990000503382 1063 Crescent  81 $49,377.33 5/6/11 55 $145000
5/6/96 95035 180 05 1.00 2503382 $50,000. Milpitas
36 8/6/96 06 175 1 18.00 $361,000.

UT 11.5 2 149990000503383 869 W 4000 S 91 $27,000. 4/24/21 85 $90085
5/24/96 84010 299 05 3.25 2503383 $27,000. Bountiful
41 8/24/96 03 294 1 18.00 $139,000.


NV 10.75 2 132990000503386 900 Sky Canyon  91 $33,730.43 5/17/11 90 $171000
5/17/96 89510 180 05 2.50 2503386 $34,200. Reno
44 6/17/96 02 175 1 18.00 $228,000.

CA 8.25 2 106990000503390 2200 Canyon DR 91 $25,000. 4/1/21 89 $364980
4/25/96 90068 299 05 3.25 2503390 $75,000. Los Angeles
49 7/25/96 06 294 1 15.00 $495,000.


CA 10.5 2 106990000503391 647 SAN  91 $36,599.38 4/14/21 90 $183750
5/14/96 93111 299 05 2.25 2503391 $36,750. SANTA
37 0 06 294 1 18.00 $245,000.

NJ 8.25 2 134990000503393 6 Morningside  81 $36,000. 5/14/21 61 $100000
6/14/96 07876 299 05 0.50 2503393 $36,000. Succasunna
39 9/14/96 00 295 1 18.00 $226,500.


CA 11. 2 106990000503394 158 S 5th AVE 91 $22,871.42 4/7/21 89 $200000
5/7/96 91746 299 05 2.75 2503394 $23,000. La Puente
39 8/7/96 01 294 1 18.00 $252,000.

OR 7.25 2 141990000503395 5211 SE 62nd  91 $49,616.99 3/17/21 90 $98500
4/17/96 97206 299 05 2.75 2503395 $50,000. Portland
44 10/17/96 00 293 1 18.00 $165,000.


GA 12. 2 113990000503396 235  92 $39,047. 5/23/11 100 $191250
5/23/96 30075 180 05 3.75 2503396 $63,700. Rosewell
40 0 02 175 1 18.00 $255,000.

CA 12.5 2 106990000503397 1673 S Inez WAY 91 $50,000. 4/3/11 94 $165000
5/3/96 92802 179 05 4.25 2503397 $50,000. Anaheim
50 0 02 174 1 18.00 $230,000.



<PAGE>
CA 10.5 2 106990000503398 11040 Corte  91 $23,289.54 3/17/21 90 $192000
4/17/96 92124 299 03 2.25 2503398 $24,000. San Diego
34 7/17/96 00 293 1 18.00 $240,000.






CA 8.75 2 106990000503399 126 Belvale DR 81 $6,129.32 5/10/21 80 $324750
5/10/96 95032 300 05 0.50 2503399 $21,650. Los Gatos
39 8/10/96 06 295 1 18.00 $433,000.

OR 12.5 2 141990000503400 11393 SE 34th ST 91 $26,319.55 7/1/11 95 $55244
6/3/96 97222 180 05 4.25 2503400 $26,450. Milwaukie
48 0 02 177 1 18.00 $86,000.


NJ 10.5 2 134990000503405 16 Mockingbird  91 $20,455.24 5/3/21 85 $168750
6/3/96 07840 299 05 2.25 2503405 $21,000. Township Of
37 9/3/96 06 295 1 18.00 $225,000.

CA 7.25 2 106990000503406 2408 Dolphin DR 81 $17,650.92 3/24/21 80 $176000
4/24/96 95124 299 05 1.50 2503406 $19,000. San Jose
45 10/24/96 01 293 1 18.00 $245,000.


CA 7.25 2 106990000503407 3840 N  91 $36,187.07 4/20/21 87 $99891
5/20/96 95650 299 05 2.75 2503407 $37,000. Loomis
49 11/20/96 02 294 1 18.00 $158,000.

CA 7.25 2 106990000503408 23468 Palm DR 91 $48,932.89 5/22/11 87 $578900
5/22/96 91302 180 03 3.75 2503408 $50,000. Calabasas
46 11/22/96 06 175 1 18.00 $724,000.


CA 10.5 2 106990000503409 217 N LIMA ST 91 $48,046.72 4/15/21 90 $390400
5/15/96 91024 299 05 2.25 2503409 $48,800. SIERRA MADRE
39 8/15/96 06 294 1 18.00 $488,000.

CA 11. 2 106990000503419 1303 S Golden  91 $53,628.6 4/10/21 90 $207000
5/10/96 91791 299 05 2.75 2503419 $54,000. West Covina
45 8/10/96 00 294 1 18.00 $290,000.



<PAGE>
CA 10.5 2 106990000503421 926 N Lima ST 91 $9,725.53 4/9/21 85 $136200
5/9/96 91505 299 05 2.25 2503421 $10,000. Burbank
38 8/9/96 00 294 1 18.00 $172,000.

CA 11. 2 106990000503422 17809 St.  91 $23,000. 3/15/21 90 $184000
4/15/96 92064 299 05 2.75 2503422 $23,000. Poway
40 7/15/96 00 293 1 18.00 $230,000.


UT 9.25 2 149990000503423 13211 S Cocomo  81 $19,841.16 4/24/21 70 $155000
5/24/96 84065 299 05 1.00 2503423 $20,000. Herriman
40 8/24/96 03 294 1 18.00 $250,000.






CA 9.75 2 106990000503424 2088 Texas WAY 81 $74,608.24 3/25/21 79 $165000
4/25/96 94403 299 03 1.50 2503424 $75,000. San Mateo
47 7/25/96 01 293 1 18.00 $305,000.

CA 7.25 2 106990000503426 2513 De Koven  91 $145.74 3/26/21 90 $190000
4/26/96 94002 299 05 2.75 2503426 $23,700. Belmont
39 10/26/96 00 293 1 18.00 $237,500.


CA 7.25 2 106990000503429 4459 Deer Field  91 $5,041.63 3/22/21 90 $799200
4/22/96 94506 299 03 2.50 2503429 $99,000. Danville
26 10/22/96 00 293 1 18.00 $999,000.

CA 7.25 2 106990000503430 37358 29th PL E 91 $12,818.77 3/24/21 90 $66000
4/24/96 93550 299 05 2.75 2503430 $13,200. Palmdale
38 10/24/96 01 293 1 18.00 $88,000.


CA 7.25 2 106990000503432 2072 S Delaware  91 $32,226.68 4/24/11 95 $174000
5/24/96 94403 179 01 3.75 2503432 $32,600. San Mateo
43 11/24/96 01 174 1 18.00 $217,500.

CA 7.25 2 106990000503434 4442 Farmdale  81 $10,876.18 4/22/21 80 $151800
5/22/96 91602 299 05 1.50 2503434 $11,000. City Of Los
48 11/22/96 02 294 1 18.00 $205,000.



<PAGE>
GA 7.25 2 113990000503435 2565 Traywick  91 $21,885.94 4/22/21 89 $110550
5/22/96 30201 299 09 2.75 2503435 $22,100. Alpharetta
50 11/22/96 00 294 1 18.00 $150,000.

CT 12. 2 109990000503436 26 Split Rock RD 91 $28,402.95 5/7/21 95 $155000
6/7/96 06854 299 05 3.75 2503436 $44,500. Norwalk
42 0 06 295 1 18.00 $210,000.


CA 7.25 2 106990000503437 230 Pico Vista 91 $35,637.2 4/20/21 90 $180000
5/20/96 94947 299 05 2.25 2503437 $36,000. Novato
38 11/20/96 06 294 1 18.00 $240,000.

CA 7.25 2 106990000503440 1202 Valley  81 $13,640.98 5/30/21 80 $450000
5/30/96 95120 300 03 1.00 2503440 $18,000. San Jose
43 11/30/96 01 296 1 18.00 $587,000.


GA 11.5 2 113990000503441 340 Wilde Green  91 $30,937.17 5/29/11 90 $206250
5/30/96 30075 179 05 3.25 2503441 $41,250. Roswell
38 8/30/96 00 175 1 18.00 $275,000.






WA 7.25 2 153990000503442 23483 39th AVE  91 $49,340.98 5/29/11 92 $144355
5/29/96 98036 180 05 3.75 2503442 $50,000. Brier
29 11/29/96 06 175 1 18.00 $212,000.

CA 11.5 2 106990000503444 52 Canyon RDG 91 $25,078.3 5/10/21 90 $203900
6/10/96 92715 299 01 3.25 2503444 $25,450. Irvine
49 9/10/96 00 295 1 18.00 $254,900.


OR 7.25 2 141990000503445 19155 SW  91 $25,200. 3/30/21 90 $197955
4/30/96 97062 299 05 2.50 2503445 $25,200. Tualatin
29 10/30/96 01 294 1 18.00 $248,000.

CA 11. 2 106990000503446 600 E San Juan  91 $19,021.12 5/6/21 90 $97500
6/6/96 90291 299 05 2.75 2503446 $19,500. Venice Area
28 9/6/96 00 295 1 18.00 $130,000.



<PAGE>
ID 7.25 2 116990000503451 3427 E  91 $11,201.15 5/15/21 90 $93600
5/15/96 83705 300 05 2.50 2503451 $11,700. Boise
28 11/16/96 01 295 1 18.00 $117,500.

FL 7.25 2 112990000503454 15533 SW 113th  91 $23,211.18 5/17/21 86 $186000
5/17/96 33196 300 05 3.25 2503454 $27,000. Miami
50 11/17/96 03 295 1 18.00 $250,000.


NY 9.5 2 136990000503455 9809 Ave. L 91 $15,660.74 5/7/21 90 $108158
6/7/96 11236 299 05 2.00 2503455 $22,300. Brooklyn
13 9/7/96 06 295 1 18.00 $145,000.

CA 11. 2 106990000503459 28920 Marlies ST 91 $40,219.06 3/24/21 90 $202500
4/24/96 91301 299 05 2.75 2503459 $40,500. Agoura Hills
50 7/24/96 00 293 1 18.00 $270,000.


GA 7.25 2 113990000503460 637 Glendale  90 $21,581.42 4/20/11 90 $89937
5/20/96 30188 179 05 2.25 2503460 $27,000. Woodstock
34 11/20/96 02 174 1 18.00 $130,000.

FL 7.25 2 112990000503461 10900 SW 120 ST 81 $29,420.61 4/20/21 80 $117168
5/20/96 33176 299 05 0.50 2503461 $30,000. Miami
43 11/20/96 02 294 1 18.00 $185,000.


CA 9.25 2 106990000503462 2544 Evelyn ST 81 $37,560.56 7/1/21 71 $74000
6/7/96 91020 300 05 1.00 2503462 $50,000. Montrose Area
42 9/7/96 06 297 1 18.00 $175,000.






CA 9.25 2 106990000503465 2782 Olympic  81 $39,618.33 5/1/11 40 $58565
5/1/96 91709 180 05 1.00 2503465 $49,900. Chino Hills
34 8/1/96 06 175 1 18.00 $275,000.

GA 9.75 2 113990000503466 100 Gum Creek  81 $21,789.68 5/17/11 62 $56000
5/17/96 30267 180 05 1.50 2503466 $22,000. Oxford
26 8/17/96 03 175 1 18.00 $126,000.



<PAGE>
UT 7.25 2 149990000503467 654 W 1700 N 81 $29,082.26 5/11/21 72 $73991
6/11/96 84057 299 05 0.50 2503467 $40,000. Orem
44 12/11/96 06 295 1 18.00 $160,000.

NM 11.5 2 135990000503468 10705 Jiles DR  91 $29,693.08 1/21/21 90 $102987
2/21/96 87111 299 05 3.25 2503468 $29,700. Albuquerque
46 0 02 291 1 18.00 $148,500.


CA 11. 2 106990000503484 12592 Oak Way  91 $19,875. 4/8/21 90 $260000
5/8/96 90720 299 05 2.75 2503484 $37,000. Los Angeles
51 8/8/96 01 294 1 18.00 $330,000.

FL 7.25 2 112990000503485 12767 102nd CIR  91 $8,123.83 4/16/21 90 $71250
5/16/96 34643 299 05 3.00 2503485 $14,250. Largo
17 11/16/96 06 294 1 18.00 $95,000.


CA 12. 2 106990000503487 2515 Sierra  91 $21,400. 5/30/11 95 $160000
5/24/96 95116 180 05 3.75 2503487 $21,400. San Jose
43 0 02 176 1 18.00 $191,000.

MD 8.5 2 124990000503489 7113 Garden  81 $21,536.82 7/1/21 80 $66252
6/3/96 20616 300 03 0.25 2503489 $38,000. Bryans Road
27 9/3/96 06 297 1 18.00 $131,000.


OR 7.25 2 141990000503491 1190 Picture ST 81 $19,250.88 4/30/11 80 $64500
4/29/96 97351 180 05 1.50 2503491 $19,250. Indepenence
31 10/29/96 06 175 1 18.00 $106,000.

CA 11. 2 106990000503494 782 London DR 91 $39,670.42 5/15/21 89 $360000
5/15/96 95035 300 05 2.75 2503494 $40,000. Milpitas
45 8/15/96 00 295 1 18.00 $450,000.


OR 10.5 2 141990000503499 2567 Kilkenny  91 $4,370.45 6/1/21 90 $179859
5/23/96 97068 300 05 2.25 2503499 $36,000. West Linn
36 8/23/96 06 296 1 18.00 $240,000.







<PAGE>
CA 11. 2 106990000503502 5063 Del Monaco  91 $29,897.78 4/13/21 88 $177000
5/13/96 93110 299 05 2.75 2503502 $30,000. Santa Barbara
35 8/13/96 02 294 1 18.00 $236,000.

FL 8.75 2 112990000503503 3660 NW 104  81 $12,883.86 5/15/21 79 $90000
5/16/96 33065 299 05 0.50 2503503 $20,000. Coral Springs
30 8/16/96 00 295 1 18.00 $140,000.


CO 8.75 2 108990000503504 4571 S Highway  81 $6,371.54 6/1/21 77 $164689
5/28/96 81144 300 05 0.50 2503504 $50,000. Monte Vista
36 8/28/96 06 296 1 18.00 $280,000.

CA 11.5 2 106990000503505 91 E 91 $35,218.44 5/13/21 92 $105750
5/13/96 87501 300 05 3.25 2503505 $35,500. Santa Fa
32 8/13/96 06 295 1 18.00 $155,000.


OR 9.75 2 141990000503508 6315 N  81 $25,549.31 5/5/21 74 $51315
6/5/96 97203 299 05 1.50 2503508 $40,000. Portland
48 9/6/96 06 295 1 18.00 $125,000.

NV 11. 2 132990000503509 1327 S Marlette  91 $19,998.31 6/1/21 90 $101250
5/28/96 89410 300 05 2.75 2503509 $20,250. Gardnerville
41 8/28/96 06 296 1 18.00 $135,000.


IL 12. 2 117990000503512 4044 N Oleander 91 $20,655.59 5/24/21 95 $118400
5/24/96 60656 300 05 3.75 2503512 $22,000. Norridge
48 8/24/96 06 295 1 18.00 $148,000.

AZ 7.25 2 104990000503513 4336 W  91 $27,520.23 5/11/21 90 $57340
6/11/96 85304 299 05 2.25 2503513 $28,000. Glendale
45 12/11/96 06 295 1 18.00 $95,000.


CO 7.25 2 108990000503519 2712 Lark DR 91 $43,237.67 3/30/21 90 $40880
4/30/96 80909 299 03 3.75 2503519 $43,700. Colorado Springs
40 10/30/96 02 294 1 18.00 $94,000.

MI 12.25 2 126990000503520 19350 Parkside 80 $3,222.34 5/28/11 63 $104000
5/28/96 48221 180 05 4.00 2503520 $75,000. Detroit
28 0 06 175 1 18.00 $285,000.



<PAGE>
CA 7.25 2 106990000503521 940 Winfield ST 91 $35,303.06 4/1/21 90 $178800
5/1/96 91360 299 05 2.75 2503521 $35,800. Thousand Oaks
45 11/1/96 00 294 1 18.00 $238,500.






GA 10.5 2 113990000503524 5390 Azalea  91 $24,817.06 5/27/11 89 $135600
5/28/96 30518 179 05 2.25 2503524 $25,000. Sugar Hill
17 8/28/96 06 175 1 18.00 $181,000.

NY 7.25 2 136990000503528 77 Percy  81 $92,096.94 4/22/21 70 $207000
5/22/96 11730 299 05 1.00 2503528 $93,000. East Islip
12 11/22/96 06 294 1 18.00 $430,000.


CA 7.25 2 106990000503537 100 Roquena DR 81 $48,604.42 7/1/21 63 $161000
6/7/96 94020 300 05 1.50 2503537 $69,500. La Honda
45 12/7/96 06 297 1 18.00 $370,000.

CA 12.5 2 106990000503539 17524  91 $24,765.41 4/3/11 95 $185709
5/3/96 90701 179 05 4.25 2503539 $42,200. Cerritos
47 0 06 174 1 18.00 $240,000.


CA 12.5 2 106990000503540 39 Elderwood 91 $35,882.19 5/20/11 95 $191500
5/20/96 92656 180 05 4.25 2503540 $36,000. Aliso Viejo
47 0 06 175 1 18.00 $239,500.

CA 11. 2 106990000503543 2017 Greenwood  91 $49,587.59 5/15/21 90 $389000
5/15/96 94070 300 05 2.75 2503543 $50,000. San Carlos
47 8/15/96 02 295 1 18.00 $490,000.


CA 12. 2 106990000503544 10386 Rancho  91 $13,700. 5/18/11 95 $133395
5/18/96 91941 180 05 3.75 2503544 $13,800. La Mesa
45 0 06 175 1 18.00 $155,000.

AZ 12. 2 104990000503546 3925 Rising Sun  91 $25,000. 4/9/11 93 $91218
5/9/96 86442 179 05 3.75 2503546 $25,000. Bullhead City
34 0 06 174 1 18.00 $126,000.



<PAGE>
CA 10.75 2 106990000503547 632 Center ST 91 $56,808.85 5/20/21 90 $195000
5/20/96 94595 300 05 2.50 2503547 $57,000. Walnut Creek
28 8/20/96 02 295 1 18.00 $280,000.

CA 9.25 2 106990000503548 547 Spindrift Way 81 $37,867.37 5/13/21 36 $48000
5/13/96 94019 300 05 1.00 2503548 $43,000. Half Moon Bay
49 8/13/96 06 295 1 18.00 $255,000.


CO 10.25 2 108990000503553 1255 Spruce  91 $15,913.04 4/13/21 86 $50750
5/13/96 80220 299 05 2.00 2503553 $16,000. Denver
27 8/13/96 02 294 1 18.00 $78,000.






UT 8.75 2 149990000503555 3112 E Celeste  81 $36,192.73 4/22/21 80 $82850
5/22/96 84109 299 05 0.50 2503555 $40,000. Salt Lake City
34 8/22/96 06 294 1 18.00 $155,000.

FL 10.5 2 112990000503560 2496 Sundy AVE 91 $18,384.12 5/23/11 90 $80119
5/24/96 33444 179 03 2.25 2503560 $18,800. Delray Beach
35 8/24/96 06 175 1 18.00 $110,000.


CA 10.5 2 106990000503562 762 38th Avenue 91 $33,981.02 5/16/21 90 $284000
5/16/96 94121 300 05 2.25 2503562 $35,000. San Francisco
42 8/16/96 01 295 1 18.00 $355,000.

CA 9.25 2 106990000503563 5243 E Live Oak  81 $37,362.9 6/1/21 70 $96752
5/20/96 95240 300 05 1.00 2503563 $50,000. Lodi
37 8/20/96 02 296 1 18.00 $210,000.


CA 10.5 2 106990000503564 8968 Hillside  91 $23,028.78 5/20/21 90 $202500
5/20/96 91737 300 05 2.25 2503564 $40,500. Rancho
36 8/20/96 06 295 1 18.00 $270,000.

CA 12. 2 106990000503565 14285  91 $28,389.07 4/3/11 95 $152000
5/3/96 92680 179 05 3.75 2503565 $28,500. Tustin
40 8/3/96 00 174 1 18.00 $190,000.



<PAGE>
UT 12. 2 149990000503566 6060 W 13600 N 91 $39,813.97 6/1/11 95 $79701
5/28/96 84312 180 05 3.75 2503566 $45,500. Garland
40 8/28/96 06 176 1 18.00 $132,000.

NJ 10.25 2 134990000503569 6 Milton Avenue 91 $29,543.98 4/29/21 88 $159019
5/29/96 08816 299 05 2.00 2503569 $30,000. East Brunswick
30 8/29/96 06 294 1 18.00 $215,000.


CA 11.5 2 106990000503571 938 Alba Court 91 $74,488.39 5/10/21 89 $99196
5/10/96 95127 300 05 3.25 2503571 $75,000. San Jose
50 8/10/96 06 295 1 18.00 $197,000.

AZ 11. 2 104990000503573 5440 E Terry  91 $30,169.14 6/1/21 90 $113000
5/30/96 85254 300 05 2.75 2503573 $32,800. Scottsdale
36 8/30/96 06 296 1 18.00 $162,000.


IL 7.25 2 117990000503574 175 E Delaware 91 $18,584.64 6/12/21 90 $152000
6/12/96 60611 300 01 3.25 2503574 $19,000. Chicago
45 12/12/96 06 296 1 18.00 $190,000.






WA 9. 2 153990000503576 5217 S Cree Drive 81 $36,293. 6/1/21 79 $80246
5/21/96 99206 300 05 0.75 2503576 $85,000. Spokane
21 8/21/96 06 296 1 18.00 $210,000.

CA 9.25 2 106990000503577 1028 Menlo Oaks  81 $19,205.86 5/20/21 72 $345000
5/20/96 94025 300 05 1.00 2503577 $30,000. Menlo Park
36 8/20/96 00 295 1 18.00 $528,000.


CA 11. 2 106990000503578 2827 Morgan DR 91 $53,563.22 4/8/21 90 $274500
5/8/96 94583 299 05 2.75 2503578 $54,900. San Ramon
42 8/8/96 00 294 1 18.00 $366,000.

CA 7.25 2 106990000503579 4130  91 $47,000. 4/9/11 94 $284000
5/9/96 91403 179 05 3.75 2503579 $47,000. LOS ANGELES
44 11/9/96 06 174 1 18.00 $355,000.



<PAGE>
FL 7.25 1 112990000503581 1880 S Ocean DR 81 $49,446.64 4/23/21 27 $0
5/23/96 33009 299 01 0.25 2503581 $50,000. Hallandale
28 11/23/96 06 294 1 18.00 $192,000.

CA 10.5 2 106990000503582 620 Navajo Way 91 $43,319.48 6/1/21 90 $219000
5/22/96 94539 300 05 2.25 2503582 $43,800. Fremont
37 8/22/96 00 296 1 18.00 $292,000.


WA 10.5 2 153990000503584 324 S 185th Street 91 $10,500. 6/1/21 89 $91500
5/21/96 98148 300 05 2.25 2503584 $16,500. Seattle
42 8/21/96 06 296 1 18.00 $122,000.

CA 7.25 2 106990000503585 1 S Santa Teresita 91 $25,989.77 4/9/11 88 $276800
5/9/96 92714 179 03 2.25 2503585 $34,000. Irvine
41 11/9/96 06 174 1 18.00 $355,000.


MI 9.25 2 126990000503586 2329 Heronwood  81 $77,081.95 6/1/21 80 $615000
5/29/96 48302 300 05 1.00 2503586 $80,000. Bloomfield Hills
36 8/29/96 01 296 1 18.00 $870,000.

CA 11.25 2 106990000503587 131 Smokey Hills  92 $31,099.32 5/15/11 100 $166723
5/15/96 94589 180 05 3.00 2503587 $31,500. Vallejo
27 0 03 175 1 18.00 $200,000.


CA 10.75 2 106990000503588 16021 Jeanne  91 $57,944.08 6/4/21 90 $469600
6/4/96 ****** 300 05 2.50 2503588 $58,700. Encino Area
26 9/4/96 00 296 1 18.00 $587,000.






WA 7.25 2 153990000503589 16706 60th AVE  81 $12,090.76 7/1/21 80 $61885
6/5/96 98037 300 05 0.50 2503589 $17,750. Lynnwood
33 12/5/96 06 297 1 18.00 $100,000.

CA 11. 2 106990000503590 4650 Falstaff 91 $30,770.95 5/17/21 90 $172000
5/17/96 94555 300 05 2.75 2503590 $36,800. Fremont
40 8/17/96 06 295 1 18.00 $232,000.



<PAGE>
CA 8.75 2 106990000503591 4915 Hollice  81 $24,567.96 6/1/21 80 $207000
5/31/96 94550 300 05 0.50 2503591 $24,900. Livermore
38 8/31/96 00 296 1 18.00 $289,950.

CA 7.25 2 106990000503592 1243 N Bonnie  91 $25,188.01 4/7/11 90 $97000
5/7/96 90063 179 05 3.25 2503592 $25,400. Los Angeles
42 11/7/96 02 174 1 18.00 $136,000.


WA 12. 2 153990000503593 10439 8th AVE  91 $15,000. 5/15/11 94 $111000
5/10/96 98146 180 05 3.75 2503593 $15,000. Seattle
33 0 06 175 1 18.00 $135,000.

OR 12. 2 141990000503596 7201 SE Brehaut  91 $14,137.27 4/19/11 95 $80800
4/19/96 97222 180 05 3.75 2503596 $15,100. Milwaukie
38 7/19/96 02 174 1 18.00 $101,000.


AZ 7.25 2 104990000503599 9592 E Dunnigan  91 $10,059.4 4/1/11 95 $92300
4/29/96 85747 179 05 3.75 2503599 $10,300. Tucson
40 11/3/96 02 174 1 18.00 $108,000.

CA 9.25 2 106990000503600 4433 Curlew ST 91 $38,700. 5/9/21 90 $154750
5/9/96 95219 300 03 1.00 2503600 $38,700. Stockton
36 8/9/96 02 295 1 18.00 $215,000.


MO 7.25 2 129990000503605 7142 Shady Hill  81 $37,989.6 5/9/21 70 $74751
6/9/96 63129 299 05 0.25 2503605 $40,000. Oakville
29 12/10/96 06 295 1 18.00 $165,000.

CA 12. 2 106990000503607 27237 Trenton PL 91 $53,647.55 4/10/11 95 $288000
5/10/96 91354 179 03 3.75 2503607 $54,000. Valencia
30 8/10/96 06 174 1 18.00 $360,000.


FL 7.25 2 112990000503608 6727 NW 41st PL 81 $9,573.07 5/12/21 78 $104994
6/12/96 32606 299 05 0.25 2503608 $20,000. Gainesville
26 12/12/96 06 295 1 18.00 $161,000.







<PAGE>
FL 7.25 2 112990000503609 5313 Collins AVE 81 $29,637.48 4/28/21 77 $73500
5/28/96 33140 299 01 0.25 2503609 $30,000. Miami Beach
16 11/28/96 06 294 1 18.00 $135,000.

UT 10.5 2 149990000503610 2925 W 13200  91 $22,123.75 5/16/21 90 $103011
5/16/96 84065 300 03 2.25 2503610 $24,000. Riverton
45 8/16/96 03 295 1 18.00 $142,000.


MN 7.25 2 127990000503614 1156 Sherman  91 $8,929.74 6/13/21 88 $88400
6/12/96 55033 300 05 3.00 2503614 $10,000. Hastings
31 12/13/96 02 296 1 18.00 $112,000.

CA 11.5 2 106990000503615 8852 Conner DR 92 $29,408. 4/9/11 100 $183000
5/9/96 92647 179 05 3.25 2503615 $30,000. Huntington
32 0 02 174 1 18.00 $215,000.


FL 7.25 2 112990000503616 19310 E  91 $39,761.84 4/24/21 85 $273000
5/24/96 33015 299 05 3.25 2503616 $40,000. Miami
48 11/24/96 06 294 1 18.00 $370,000.

CA 7.25 2 106990000503620 580 Elysian AVE 91 $27,215.78 4/15/21 90 $380000
5/15/96 94951 299 05 2.25 2503620 $45,000. Penngrove
38 11/15/96 06 294 1 18.00 $475,000.


MI 7.25 2 126990000503622 3066 Catalpa DR 90 $15,215.34 5/30/11 94 $91000
5/30/96 48072 180 05 3.25 2503622 $16,000. Berkley
40 11/30/96 06 176 1 18.00 $115,000.

CA 12.5 2 106990000503623 3345 S Jackie ST 91 $49,890.87 5/16/11 95 $110000
5/16/96 93277 180 05 4.25 2503623 $50,000. Visalia
47 8/16/96 06 175 1 18.00 $170,000.


CA 11.5 2 106990000503626 1116 Parkview  92 $18,752.36 5/8/11 100 $156232
5/8/96 95661 180 05 3.25 2503626 $22,000. Roseville
43 0 01 175 1 18.00 $180,000.

CA 10.5 2 106990000503627 2055 Coronado  91 $26,907.03 5/14/21 90 $135000
5/14/96 94559 300 05 2.25 2503627 $27,000. Napa
32 8/14/96 06 295 1 18.00 $180,000.



<PAGE>
MI 7.25 2 126990000503628 34467  90 $46,465.65 6/11/11 90 $141900
6/11/96 48312 180 05 3.75 2503628 $47,000. Sterling Heights
40 12/11/96 06 176 1 18.00 $210,000.






CA 11. 2 106990000503631 98 Vale ST 91 $31,236.64 5/15/21 90 $157500
5/15/96 94014 300 05 2.75 2503631 $31,500. Daly City
45 8/15/96 02 295 1 18.00 $210,000.

CA 10.5 2 106990000503633 41401 Timber  91 $20,318.12 5/16/21 90 $164000
5/16/96 94539 300 09 2.25 2503633 $20,500. Fremont
34 8/16/96 00 295 1 18.00 $205,000.


CA 12. 2 106990000503634 397 HC 66 91 $40,652.64 5/13/11 95 $151000
5/13/96 97014 180 05 3.75 2503634 $40,900. Cascade Locks
44 8/13/96 06 175 1 18.00 $203,000.

FL 7.25 1 112990000503635 19640 Franjo RD 81 $59,324.46 4/24/21 58 $0
5/24/96 33157 299 05 1.50 2503635 $60,000. Miami
40 11/24/96 06 294 1 18.00 $104,000.


CA 11. 2 106990000503643 1619 N Pepper  91 $92,786.19 5/12/21 90 $621250
6/12/96 92669 299 03 2.75 2503643 $94,250. Orange
24 9/12/96 00 295 1 18.00 $795,000.

CA 7.25 2 106990000503647 819 Santa Fe AVE 91 $37,613.76 7/1/21 90 $191250
6/7/96 94706 300 05 2.25 2503647 $38,250. Albany
37 12/7/96 06 297 1 18.00 $255,000.


CA 11.5 2 106990000503648 10 Shadow Oak  91 $21,280.11 5/1/11 96 $69000
5/1/96 95966 180 05 3.25 2503648 $21,500. Oroville
38 8/1/96 03 175 1 18.00 $95,000.

FL 7.25 2 112990000503650 11120 SW 25th  91 $43,130.23 4/25/21 87 $72000
5/25/96 33165 299 01 3.75 2503650 $43,632. Miami
31 11/25/96 06 294 1 18.00 $133,000.



<PAGE>
CA 9.25 2 106990000503678 292 Camino  81 $28,671.58 6/1/21 80 $207000
5/22/96 92029 300 03 1.00 2503678 $29,000. Escondido
45 8/22/96 00 296 1 18.00 $295,000.

CA 7.25 2 106990000503680 1605 Monteval  91 $31,590.14 5/6/11 90 $348000
6/6/96 95120 179 05 2.25 2503680 $43,500. San Jose
43 12/7/96 02 175 1 18.00 $435,000.


CA 7.25 2 106990000503682 2781 Bayshore  91 $60,480.95 4/10/21 90 $488000
5/10/96 92663 299 03 2.75 2503682 $61,000. Newport Beach
34 11/10/96 00 294 1 18.00 $610,000.






CA 10.75 2 106990000503683 17603 La Bonita  91 $40,670.05 4/10/21 90 $206250
5/10/96 90703 299 05 2.50 2503683 $41,000. Cerritos
28 8/10/96 02 294 1 18.00 $275,000.

CA 9.25 2 106990000503684 141 S Windsor  81 $99,866.43 3/26/21 79 $559000
4/26/96 90004 299 05 1.00 2503684 $100,000. Los Angeles
35 7/26/96 06 293 1 18.00 $843,000.


NJ 10.5 2 134990000503685 10103 Copper CT 91 $48,155.77 4/1/21 90 $388000
5/1/96 22124 299 05 2.25 2503685 $48,500. Oakton
33 8/1/96 00 294 1 18.00 $485,000.

WA 9.75 2 153990000503686 6523 99th AVE  81 $29,797.97 4/1/21 75 $85423
5/1/96 98290 299 05 1.50 2503686 $30,000. Snohomish
35 8/1/96 02 294 1 18.00 $155,000.


CA 11.5 2 106990000503687 68190 Bella Vista  91 $8,918.82 4/16/21 90 $65250
5/16/96 92234 299 05 3.25 2503687 $13,000. Cathedral City
46 8/16/96 00 294 1 18.00 $87,000.

CA 7.25 2 106990000503688 33663 Agua  91 $27,611.03 4/23/21 90 $197000
5/23/96 91350 299 05 2.75 2503688 $42,400. Saugus
35 11/23/96 00 294 1 18.00 $266,000.



<PAGE>
CA 12.5 2 106990000503690 12102 Berg River  91 $34,421.12 4/1/11 95 $184800
5/1/96 92708 179 05 4.25 2503690 $34,650. Fountain Valley
37 8/1/96 00 174 1 18.00 $231,000.

WA 12.5 2 153990000503692 36630 28th AVE  91 $27,918.33 5/18/11 92 $91398
5/18/96 98003 180 05 4.25 2503692 $28,000. Federal Way
49 0 02 175 1 18.00 $130,000.


WA 11.5 2 153990000503693 7206 Tacoma  91 $22,300. 5/13/11 86 $44571
5/13/96 98408 180 05 3.25 2503693 $22,300. Tacoma
48 0 06 175 1 18.00 $78,000.

NJ 11. 2 134990000503696 600 Hollywood  91 $22,343.09 5/30/21 90 $216000
5/30/96 07423 300 05 2.75 2503696 $25,000. Hohokus
44 8/1/96 06 296 1 18.00 $270,000.


CA 11.5 2 106990000503698 6006 Main ST 91 $16,206.13 4/15/21 90 $122000
5/15/96 90280 299 05 3.25 2503698 $30,000. South Gate
42 8/15/96 01 294 1 18.00 $170,000.






CA 9.25 2 106990000503700 320 Brambie  81 $39,683.83 4/28/21 80 $290000
5/28/96 94404 299 05 1.00 2503700 $40,000. Foster City
43 8/28/96 06 294 1 18.00 $415,000.

CA 7.25 2 106990000503702 7981 E Hidden  91 $42,473.55 5/29/21 90 $344000
5/29/96 95746 300 03 2.25 2503702 $43,000. Granite Bay
38 11/29/96 06 295 1 18.00 $430,000.


CA 7.25 2 106990000503703 12861 Regan LN 91 $24,233.39 4/17/21 88 $404200
5/17/96 95070 299 05 2.75 2503703 $100,000. Saratoga
37 11/17/96 06 294 1 18.00 $575,000.

CA 7.25 2 106990000503704 14044 Hargrove  91 $14,811.49 5/31/11 95 $201858
5/31/96 93021 180 05 3.25 2503704 $15,000. Moorpark
34 11/30/96 06 176 1 18.00 $229,000.



<PAGE>
CA 7.25 2 106990000503705 24871 Calle  91 $44,753.87 5/29/21 90 $226500
5/29/96 92653 300 05 2.25 2503705 $45,300. Laguna Hills
39 11/29/96 00 295 1 18.00 $302,000.

WA 7.25 2 153990000503709 1634 122nd AVE  81 $12,399.8 5/24/21 76 $93000
5/24/96 98223 300 04 0.50 2503709 $12,400. Arlington
35 11/24/96 06 295 1 18.00 $140,000.


GA 7.25 2 113990000503711 4122 N Stratford  91 $31,437.49 5/28/21 82 $120000
5/28/96 30342 300 05 2.75 2503711 $31,700. Atlanta
50 11/28/96 06 295 1 18.00 $187,000.

MD 9.25 2 110990000503712 900 White Pine  81 $90,620.32 5/17/21 76 $179800
5/17/96 20854 300 05 1.00 2503712 $100,000. Potomac
35 8/17/96 06 295 1 18.00 $373,000.


MA 7.25 2 125990000503713 120 Bellvale ST 81 $24,916. 6/14/21 80 $98279
6/14/96 02148 300 05 0.25 2503713 $37,700. Malden
22 12/14/96 06 296 1 18.00 $170,000.

MI 7.25 2 126990000503719 2239 Pontiac DR 90 $29,561.74 6/13/11 95 $126400
6/13/96 48320 180 05 4.75 2503719 $30,000. Sylvan Lake
45 12/13/96 06 176 1 18.00 $165,000.


MA 7.25 2 125990000503721 2 Kenilworth ST 91 $20,140.52 6/17/21 90 $168800
6/17/96 01810 300 05 3.25 2503721 $21,100. Andover
38 12/17/96 06 296 1 18.00 $212,000.






CA 9.25 2 106990000503723 419 E Las Flores  81 $4,985.72 6/1/21 65 $98636
5/30/96 91006 300 05 1.00 2503723 $100,000. Arcadia
37 8/30/96 06 296 1 18.00 $310,000.

CA 12. 2 106990000503727 454 Mendocino  92 $23,847.61 5/16/11 100 $94000
5/16/96 95482 180 05 3.75 2503727 $24,000. Ukiah
49 6/16/96 02 175 1 18.00 $118,000.



<PAGE>
UT 11.5 2 149990000503738 4585 E Center  91 $47,926.06 6/1/21 90 $180965
5/28/96 84032 300 05 3.25 2503738 $48,500. Heber City
48 8/28/96 06 296 1 18.00 $255,000.

CA 9.25 2 106990000503739 137 Sierra Vista  81 $49,508.23 4/14/11 51 $180000
5/14/96 93108 179 05 1.00 2503739 $50,000. Santa Barbara
44 8/14/96 06 174 1 18.00 $455,000.


ID 7.25 1 116990000503744 502 North ST 91 $49,059.48 5/24/21 58 $0
5/24/96 83522 300 05 0.25 2503744 $50,000. Cottonwood
46 11/24/96 02 295 1 18.00 $87,000.

NC 6.99 2 137990000503746 2119 NC 222 W 81 $9,871.89 6/1/21 77 $57100
5/29/96 27542 300 05 1.00 2503746 $10,000. Kenly
43 8/29/96 06 296 1 1600.00 $88,000.


CA 7.25 2 106990000503750 31882 Via Pato 91 $39,710.05 4/9/21 90 $240000
5/9/96 92679 299 05 2.75 2503750 $48,000. Coto De Caza
42 10/9/96 02 294 1 18.00 $320,000.

CO 9.25 2 108990000503751 15830 W 14th PL 81 $9,896.14 4/24/11 66 $70832
5/24/96 80401 179 05 1.00 2503751 $10,000. Golden
41 8/24/96 06 174 1 18.00 $124,000.


MI 7.25 2 126990000503753 2263 Camilla 90 $63,820.07 5/30/11 90 $53280
5/30/96 48083 180 05 3.75 2503753 $64,800. Troy
46 11/30/96 06 176 1 18.00 $132,000.

CA 7.25 2 106990000503755 130 Sunnyvale  91 $19,109.24 5/17/21 90 $95000
5/17/96 95448 300 05 2.75 2503755 $19,300. Healdsburg
44 11/18/96 00 295 1 18.00 $127,000.


AZ 12.5 2 104990000503756 8487 N Nob Hill  91 $64,659.14 5/1/21 87 $334490
5/1/96 85742 300 05 4.25 2503756 $65,000. Tucson
39 8/1/96 06 295 1 18.00 $460,000.







<PAGE>
CA 7.25 2 106990000503758 11469  91 $31,425.5 5/29/11 95 $249300
5/29/96 93021 180 03 3.75 2503758 $46,500. Moorpark
43 11/29/96 06 175 1 18.00 $312,000.

CO 8.75 2 108990000503759 9451 Indian  81 $39,379.98 4/29/21 72 $160000
5/29/96 80126 299 05 0.50 2503759 $40,000. Highlands Ranch
44 8/29/96 06 294 1 18.00 $280,000.


CA 7.25 2 106990000503762 13648 Mango DR 91 $50,056.71 4/13/21 90 $416000
5/13/96 92014 299 05 2.75 2503762 $52,000. Del Mar
33 11/13/96 00 294 1 18.00 $520,000.

CA 11.75 2 106990000503767 4771 Mt La  92 $25,869.43 4/13/11 100 $139361
5/13/96 92117 179 05 3.50 2503767 $26,000. San Diego
28 0 06 174 1 18.00 $166,000.


FL 7.25 2 112990000503769 11604 NW 4th  91 $19,743.47 6/3/21 86 $54000
6/3/96 33172 300 01 2.75 2503769 $20,000. Miami
32 12/3/96 02 296 1 18.00 $87,000.

WA 11.75 2 153990000503774 2904 Mountlake  91 $49,529.43 4/20/11 95 $191250
5/20/96 98112 179 05 3.50 2503774 $50,000. Seattle
27 8/21/96 06 174 1 18.00 $255,000.


CA 7.25 2 106990000503775 18353 Sycamore  91 $29,571.88 4/2/21 90 $238400
5/2/96 92064 299 05 2.75 2503775 $29,800. Poway
43 11/2/96 00 294 1 18.00 $298,000.

CA 11.25 2 106990000503776 6229 Rustling  91 $124,063.45 4/15/21 90 $207000
5/15/96 91301 299 03 3.00 2503776 $125,000. Agoura Hills
42 8/15/96 00 294 1 18.00 $370,000.


CA 7.25 2 106990000503779 1309 Ravenna  91 $23,789.22 4/9/21 90 $123866
5/9/96 90744 299 10 2.75 2503779 $24,000. Los Angeles
45 11/9/96 06 294 1 18.00 $165,000.

UT 7.25 2 149990000503780 2256 S 1800 E 91 $5,748.94 5/14/11 84 $111257
6/14/96 84106 179 05 2.75 2503780 $10,000. Salt Lake City
49 12/14/96 06 175 1 18.00 $145,000.



<PAGE>
CA 11. 2 106990000503783 22 St George'S CT 91 $39,610.46 4/1/21 90 $202050
5/1/96 92679 299 03 2.75 2503783 $40,000. Coto De Caza
37 8/1/96 00 294 1 18.00 $269,461.






GA 7.25 2 113990000503784 212 Indian Creek  81 $16,404.87 5/13/21 79 $38913
6/13/96 30655 299 05 0.25 2503784 $20,000. Monroe
30 12/13/96 06 295 1 18.00 $75,000.

UT 11.5 2 149990000503785 3226 W  92 $18,237.86 5/1/11 100 $104935
5/20/96 84084 179 05 3.25 2503785 $20,000. West Jordan
41 0 02 175 1 18.00 $125,000.


CA 8.5 2 106990000503787 2020 Morgan Hill  91 $26,666.24 6/1/21 90 $216000
5/23/96 90068 300 05 0.25 2503787 $27,000. Hollywood
11 8/23/96 06 296 1 18.00 $270,000.

OR 7.25 2 141990000503788 4624 Geary ST SE 91 $28,016.93 3/30/21 90 $69913
4/30/96 97321 299 05 2.75 2503788 $42,500. Albany
33 10/30/96 03 294 1 18.00 $125,000.


FL 7.25 2 112990000503789 7713 SW 129th  91 $30,381.1 6/5/21 83 $76821
6/5/96 33183 300 05 2.50 2503789 $35,000. Miami
28 12/5/96 06 296 1 18.00 $136,000.

CA 9.25 2 106990000503791 322 Whitestone  81 $31,990.43 5/10/21 67 $292831
5/10/96 92807 300 05 1.00 2503791 $45,000. Anaheim
49 8/10/96 06 295 1 18.00 $510,000.


CA 12. 2 106990000503792 1303 87th AVE 91 $20,899.87 4/16/21 89 $69716
5/16/96 94621 299 05 3.75 2503792 $21,100. Oakland
45 8/16/96 02 294 1 18.00 $103,000.

CA 7.25 2 106990000503796 1660 Catalina  81 $30,880.88 3/30/21 72 $207000
4/30/96 92107 299 05 1.50 2503796 $31,000. San Diego
50 10/30/96 06 294 1 18.00 $335,000.



<PAGE>
CA 10.5 2 106990000503797 1284 Holmby  91 $45,996.25 7/1/21 89 $372800
6/3/96 90024 300 05 2.25 2503797 $46,600. Los Angeles
39 9/3/96 06 297 1 18.00 $475,000.

CA 7.25 2 106990000503804 281 Blackstone  91 $66,747.61 4/9/21 90 $207000
5/9/96 94903 299 05 3.25 2503804 $67,500. San Rafael
35 11/9/96 02 294 1 18.00 $305,000.


CA 12. 2 106990000503809 11700 Simms  91 $29,566.21 3/24/11 95 $121433
4/24/96 90303 179 05 3.75 2503809 $30,000. Inglewood
40 7/24/96 02 173 1 18.00 $160,000.






FL 7.25 2 112990000503811 1207 W Fletcher  91 $11,665.94 4/24/21 90 $94400
5/24/96 33612 299 05 2.75 2503811 $11,800. Tampa
44 11/24/96 06 294 1 18.00 $118,000.

NJ 10.5 2 134990000503812 150 Harding RD 91 $9,521.8 5/15/21 87 $149287
6/15/96 07452 299 05 2.25 2503812 $25,000. Glen Rock
45 9/15/96 06 295 1 18.00 $202,000.


UT 7.25 2 149990000503822 4661 Wander LN 81 $24,884.88 5/13/21 65 $91869
6/13/96 84117 299 05 0.50 2503822 $50,000. Salt Lake City
41 12/13/96 06 295 1 18.00 $220,000.

NJ 12.5 2 134990000503824 38 Zerman DR 91 $34,750. 5/15/11 95 $178985
6/15/96 07748 179 05 4.25 2503824 $34,750. Middletown
49 0 06 175 1 18.00 $225,000.


UT 9.25 2 149990000503827 3126 S 2300 E 81 $20,977.36 6/13/21 59 $45322
6/13/96 84109 300 05 1.00 2503827 $40,000. Salt Lake City
33 9/13/96 02 296 1 18.00 $147,000.

CA 7.25 2 106990000503829 3226 Blume DR 81 $36,396.81 4/16/21 54 $82186
5/16/96 90720 299 05 0.75 2503829 $80,000. Los Alamitos
24 11/16/96 06 294 1 18.00 $305,000.



<PAGE>
MI 7.25 2 126990000503830 250 Water ST 90 $32,000. 5/31/11 86 $125186
5/31/96 49770 180 01 4.00 2503830 $32,000. Petoskey
47 11/30/96 06 176 1 18.00 $183,000.

CA 10.5 2 106990000503832 8218 Clarinda  91 $14,876.77 3/29/21 90 $137066
4/29/96 90660 299 05 2.25 2503832 $15,000. Pico Rivera
35 7/29/96 03 293 1 18.00 $170,000.


WA 7.25 2 153990000503833 9058 NE 178th ST 81 $16,202.4 5/13/21 80 $85062
6/13/96 98011 299 05 3.75 2503833 $25,000. Bothell
40 12/13/96 06 295 1 18.00 $138,000.

CA 7.25 2 106990000503834 5695 Whitewater  81 $23,713.92 4/18/21 80 $80700
5/18/96 92687 299 05 1.00 2503834 $26,500. Yorba Linda
50 11/18/96 02 294 1 18.00 $134,000.


CA 11. 2 106990000503835 5934 E  91 $36,687.17 3/29/21 91 $185200
4/29/96 92669 299 09 2.75 2503835 $37,000. Orange
30 9/1/96 00 293 1 18.00 $245,000.






CA 10.5 2 106990000503836 6305 E Eliot ST 91 $38,383.43 4/2/21 90 $192500
5/2/96 90803 299 05 2.25 2503836 $38,500. Long Beach
44 8/2/96 00 294 1 18.00 $256,700.

CA 7.25 2 106990000503837 2417 Novia 91 $28,683.97 4/1/21 84 $320000
5/1/96 92660 299 03 2.25 2503837 $30,000. Newport Beach
36 10/1/96 06 294 1 18.00 $419,000.


CA 10.5 2 106990000503838 419 Starlight  91 $52,362.55 4/24/21 90 $424000
5/24/96 91011 299 05 2.25 2503838 $53,000. La Canada
30 8/24/96 00 294 1 18.00 $530,000.

CA 12. 2 106990000503839 900 Roscomare  91 $89,106.86 4/9/11 89 $382500
5/9/96 90077 179 05 3.75 2503839 $89,200. Los Angeles
41 0 06 174 1 18.00 $530,000.



<PAGE>
FL 10.5 2 112990000503841 1335 20th Terrace 91 $19,648.95 6/1/21 90 $205100
5/28/96 33040 300 05 2.25 2503841 $40,000. Key West
35 8/28/96 00 296 1 18.00 $273,500.

CA 11. 2 106990000503842 340 Bajo Sol DR 91 $29,810.04 4/9/21 90 $207000
5/9/96 95066 299 05 2.75 2503842 $54,000. Scotts Valley
42 8/10/96 06 294 1 18.00 $290,000.


CO 7.25 2 108990000503845 29566 Bronco RD 91 $31,920.76 6/14/21 90 $163500
6/14/96 80439 300 05 2.75 2503845 $32,700. Evergreen
38 12/14/96 02 296 1 18.00 $218,000.

CA 10.5 2 106990000503848 10 Somerset 91 $32,000. 3/30/21 88 $195000
4/30/96 92688 299 03 2.25 2503848 $32,000. Rancho Santa
41 7/30/96 02 294 1 18.00 $260,000.


CA 7.25 2 106990000503852 307 Holly AVE 91 $30,246.4 5/7/21 90 $244000
5/7/96 94945 300 05 2.25 2503852 $30,500. Novato
30 11/7/96 00 295 1 18.00 $305,000.

UT 7.25 2 149990000503856 1896 E Summer  81 $98,668.2 4/13/21 80 $59821
5/13/96 84093 299 05 1.00 2503856 $173,600. Sandy
44 11/13/96 06 294 1 18.00 $292,000.


CA 11.5 2 106990000503857 24492 Park  91 $49,656.89 5/1/21 90 $432000
5/1/96 91302 300 03 3.25 2503857 $50,000. Calabasas
46 8/1/96 06 295 1 18.00 $540,000.






GA 8.75 2 113990000503859 16050 Henderson  81 $11,765.34 6/12/21 59 $99283
6/7/96 30201 300 05 0.50 2503859 $40,000. Alpharetta
32 9/7/96 06 296 1 18.00 $240,000.

CA 12. 2 106990000503860 1 Lancewood  91 $23,968.43 7/1/11 95 $170500
6/10/96 92715 180 03 3.75 2503860 $24,250. Irvine
43 0 06 177 1 18.00 $205,000.



<PAGE>
CA 10.5 2 106990000503867 335 W  91 $37,333.12 3/25/21 90 $187500
4/25/96 91741 299 05 2.25 2503867 $37,500. Glendora
39 7/25/96 00 293 1 18.00 $250,000.

UT 8.75 2 149990000503868 1564 W 13200 S 81 $11,807.17 5/14/11 47 $86639
6/14/96 84065 179 05 0.50 2503868 $12,000. Riverton
43 9/14/96 03 175 1 18.00 $210,000.


CA 10.75 2 106990000503875 12801 Fallingleaf  91 $17,425.48 3/22/21 90 $122500
4/22/96 92640 299 05 2.50 2503875 $30,500. Garden Grove
37 7/22/96 06 293 1 18.00 $170,000.

CA 12. 2 106990000503878 3601 Brunell DR 91 $98,960.39 5/20/21 90 $252529
5/20/96 94602 300 05 3.75 2503878 $100,000. Oakland
45 8/20/96 06 295 1 18.00 $392,500.


CA 11.5 2 106990000503879 1056 Avenue D 91 $55,372.1 4/3/21 90 $445600
5/3/96 90277 299 05 3.25 2503879 $55,700. Redondo Beach
44 8/3/96 00 294 1 18.00 $557,000.

CA 10.5 2 106990000503881 602 Cool Valley  91 $5,446.71 5/22/21 89 $191065
5/22/96 93446 300 05 2.25 2503881 $41,800. Paso Robles
27 8/22/96 06 295 1 18.00 $262,000.


GA 10.5 2 113990000503883 5090 Falcon  91 $38,249.75 5/1/21 90 $307600
5/2/96 30342 299 05 2.25 2503883 $38,450. Atlanta
32 8/2/96 06 295 1 18.00 $387,000.

CA 10.5 2 106990000503884 11274 Pennell  91 $14,016.4 3/27/21 88 $202400
4/27/96 92708 299 05 2.25 2503884 $20,200. Fountain Valley
26 7/27/96 06 293 1 18.00 $255,000.


MI 7.25 2 126990000503886 6105 Beachwood 80 $93,802.77 6/18/11 68 $207000
6/18/96 48324 180 05 2.00 2503886 $95,000. West Bloomfield
50 12/18/96 01 176 1 18.00 $450,000.







<PAGE>
CA 11. 2 106990000503887 31 Sussex ST 91 $32,146.03 3/8/21 90 $290000
4/8/96 94131 299 05 2.75 2503887 $36,500. San Francisco
31 7/8/96 00 293 1 18.00 $365,000.

VA 8.5 2 151990000503889 2833 Hogan CT 81 $20,256.75 5/23/21 71 $90000
5/23/96 22043 300 09 0.25 2503889 $21,000. Falls Church
33 8/23/96 02 295 1 18.00 $158,000.


CA 7.25 2 106990000503890 26060 Farmfield  91 $25,900.09 5/24/21 90 $208000
5/24/96 91302 300 05 2.25 2503890 $26,000. Calabasas
28 11/24/96 00 295 1 18.00 $260,000.

CA 10.5 2 106990000503893 5076 Chelshire  91 $31,715.64 3/19/21 90 $203150
4/19/96 95746 299 03 2.25 2503893 $31,750. Granite Bay
27 7/19/96 03 293 1 18.00 $262,000.


CO 10.5 2 108990000503895 4847 Crestone  91 $12,193.65 4/24/21 90 $143000
5/24/96 80525 299 05 2.25 2503895 $32,000. Ft Collins
41 8/24/96 02 294 1 18.00 $195,000.

UT 7.25 2 149990000503900 1373 W 1800 N 81 $4,735.83 5/12/21 80 $45023
6/12/96 84043 299 05 0.50 2503900 $43,500. Lehi
39 12/12/96 03 295 1 18.00 $111,000.


CA 10.5 2 106990000503905 5375 Iris WAY 91 $25,341.84 4/6/21 90 $127500
5/6/96 94550 299 05 2.25 2503905 $25,500. Livermore
42 8/6/96 02 294 1 18.00 $170,000.

CA 7.25 2 106990000503915 1310 Sanchez ST 91 $36,952.77 5/31/21 90 $307200
5/31/96 94131 300 07 2.25 2503915 $37,500. San Francisco
36 11/30/96 01 296 1 18.00 $384,000.


CA 11.5 2 106990000503917 76-78 DELMAR 91 $43,770.44 5/23/21 90 $351200
5/23/96 94117 300 05 3.25 2503917 $43,900. SAN
46 8/23/96 00 295 1 18.00 $439,000.

CA 11. 2 106990000503918 151 Lomitas DR 91 $37,193.25 4/2/21 90 $187500
5/2/96 94526 299 05 2.75 2503918 $37,500. Danville
45 8/2/96 00 294 1 18.00 $250,000.



<PAGE>
CA 11. 2 106990000503919 2320 Chelsea RD 91 $9,939.73 5/4/21 90 $352000
6/4/96 90274 299 05 2.75 2503919 $44,000. Palo Verdes
41 9/4/96 06 295 1 18.00 $440,000.






MD 11.5 2 124990000503920 7 Foxhall CT 91 $49,483.85 5/22/21 90 $138000
5/22/96 20906 300 05 3.25 2503920 $50,000. Silver Spring
44 8/22/96 02 295 1 18.00 $210,000.

AZ 12.5 2 101990000503923 2632 E Becker LN 91 $35,254.92 4/8/11 95 $84367
5/8/96 85028 179 05 4.25 2503923 $35,300. Phoenix
48 0 02 174 1 18.00 $126,000.


CA 8.5 2 106990000503929 2252 Turquoise  81 $24,803.68 4/28/11 80 $180393
5/28/96 91709 179 03 0.25 2503929 $25,200. Chino Hills
25 8/28/96 06 174 1 18.00 $257,000.

CA 11. 2 106990000503930 15116 Condor RD 91 $12,564.55 5/24/21 90 $44000
5/24/96 92394 300 05 2.75 2503930 $12,700. Victorville
34 8/24/96 02 295 1 18.00 $63,000.


FL 7.25 2 112990000503931 6330 Allison RD 81 $93,452.22 6/25/21 80 $650000
6/25/96 33141 300 05 1.50 2503931 $94,000. Miami Beach
50 12/25/96 06 296 1 18.00 $930,000.

VA 12. 2 151990000503932 8312 Hunting  91 $51,486.33 5/14/21 90 $375000
6/14/96 22102 299 05 3.75 2503932 $52,500. McLean
51 9/14/96 06 295 1 18.00 $475,000.


CA 10.5 2 106990000503934 701 Jackpine CT 91 $33,292.55 5/19/21 90 $268000
6/19/96 94086 299 05 2.25 2503934 $33,500. Sunnyvale
38 9/19/96 02 295 1 18.00 $335,000.

CA 11.5 2 106990000503935 11462  91 $60,682.65 5/20/21 83 $203000
5/20/96 94568 300 05 3.25 2503935 $61,400. DUBLIN
28 8/20/96 01 295 1 18.00 $320,000.



<PAGE>
UT 7.25 2 149990000503939 2426 E Bramble  81 $11,800. 4/14/21 80 $236342
5/14/96 84117 299 05 1.00 2503939 $11,600. Salt Lake City
35 11/14/96 06 294 1 18.00 $310,000.

FL 7.25 2 112990000503940 729 NE 8th AVE 91 $18,678.64 4/23/21 90 $94500
5/23/96 33435 299 05 2.75 2503940 $18,900. Boynton Beach
37 11/23/96 02 294 1 18.00 $126,000.


CA 7.25 2 106990000503941 6645 Wooster CT 91 $29,093.21 4/22/21 90 $233600
5/22/96 94552 299 09 3.25 2503941 $29,200. Castro Valley
48 11/22/96 00 294 1 18.00 $292,000.






CA 7.25 2 106990000503946 11 Sun Terrace 91 $42,334.87 4/13/21 90 $342400
5/13/96 92677 299 03 2.25 2503946 $42,800. Laguna Niguel
39 10/13/96 00 294 1 18.00 $428,000.

FL 11. 2 112990000503947 3611 Granada  91 $97,707.38 5/31/21 90 $495000
5/31/96 33134 300 05 2.75 2503947 $99,000. Coral Gables
40 8/31/96 06 296 1 18.00 $660,000.


CA 11.5 2 106990000503948 3311 Mapache DR 91 $19,738.29 4/16/11 95 $355500
5/16/96 91107 179 05 3.25 2503948 $19,750. Pasadena
14 0 00 174 1 18.00 $395,000.

FL 7.25 2 112990000503949 8831 NW 8th ST 81 $14,395.43 4/28/21 80 $80000
5/28/96 33024 299 05 1.00 2503949 $30,000. Pembroke Pines
35 11/28/96 06 294 1 18.00 $138,000.


CA 7.25 2 106990000503950 534 12th ST 91 $19,837.65 4/9/21 88 $540000
5/9/96 90402 299 05 2.75 2503950 $49,500. Santa Monica
40 11/9/96 00 294 1 18.00 $675,000.

CA 7.25 2 106990000503956 804 Oak Grove  91 $42,381.79 6/5/11 95 $231000
6/5/96 95129 180 05 3.75 2503956 $43,500. San Jose
33 12/5/96 00 176 1 18.00 $290,000.



<PAGE>
CA 10.5 2 106990000503958 4265 S PALOS  91 $31,245.37 4/14/21 90 $256000
5/14/96 90275 299 05 2.25 2503958 $32,000. RANCHO
38 8/14/96 00 294 1 18.00 $320,000.

GA 10.75 1 113990000503959 3306 Harrow CT 81 $99,135.86 5/14/21 80 $0
5/15/96 30060 299 05 2.50 2503959 $100,000. Marietta
26 8/15/96 00 295 1 18.00 $126,000.


CA 10.5 2 106990000503961 584 Clipper ST 91 $9,936.75 5/21/21 90 $267000
5/21/96 94114 300 05 2.25 2503961 $33,400. San Franciscoc
28 8/21/96 02 295 1 18.00 $334,000.

CA 7.25 2 106990000503972 3175 Barbados PL 91 $18,414.53 4/17/21 90 $148800
5/17/96 92626 299 05 2.25 2503972 $18,600. Costa Mesa
45 11/17/96 00 294 1 18.00 $186,000.


ID 7.25 2 116990000503974 1316 12th AVE 91 $12,949.17 4/16/11 95 $54421
5/16/96 83501 179 05 3.75 2503974 $13,000. Lewiston
34 11/16/96 06 174 1 18.00 $71,000.






CA 7.25 2 106990000503976 770 Creek RD 81 $5,036.98 5/3/21 76 $145000
6/3/96 93023 299 05 0.50 2503976 $40,000. Ojai
29 12/3/96 00 295 1 18.00 $245,000.

CA 11. 2 106990000503977 13708 Campus  91 $38,431.34 5/20/21 90 $311000
5/20/96 94605 300 05 2.75 2503977 $38,800. Oakland
34 8/20/96 00 295 1 18.00 $388,750.


CA 9.25 2 106990000503979 1120 N Idaho 81 $24,329.71 5/17/21 80 $182320
6/17/96 90631 299 05 1.00 2503979 $40,000. La Habra
37 9/17/96 06 295 1 18.00 $280,000.

CA 8.75 2 106990000503981 3890 Grove AVE 81 $46,643.89 5/10/21 80 $292250
5/10/96 94303 300 05 0.50 2503981 $47,750. Palo Alto
41 8/10/96 02 295 1 18.00 $425,000.



<PAGE>
CA 7.25 2 106990000503982 715 Electric AVE 91 $8,584.16 4/13/21 89 $207000
5/13/96 90740 299 05 2.75 2503982 $58,500. Seal Beach
37 11/13/96 00 294 1 18.00 $300,000.

CA 11. 2 106990000503983 5233 Paxton CT 91 $28,242.33 6/1/21 87 $178000
5/17/96 94536 300 03 2.75 2503983 $28,500. Fremont
38 8/17/96 00 296 1 18.00 $238,500.


CA 9.25 2 106990000503984 608 Middle  81 $49,331.71 5/9/21 80 $146443
5/9/96 95409 300 05 1.00 2503984 $49,400. Santa Rosa
41 8/9/96 02 295 1 18.00 $247,000.

CA 7.25 2 106990000503985 3157 Emerson ST 91 $27,624.91 4/1/21 85 $260000
5/1/96 94306 299 05 3.25 2503985 $29,000. Palo Alto
48 11/1/96 03 294 1 18.00 $342,000.


HI 9. 2 115990000503986 698 Kaulana PL 81 $34,544.05 5/1/21 79 $614466
5/1/96 96813 300 03 0.75 2503986 $100,000. Honolulu
21 8/1/96 06 295 1 18.00 $910,000.

FL 7.25 2 112990000503987 2000 SW 16th  81 $24,655.56 5/6/21 72 $62000
6/6/96 33145 299 05 1.00 2503987 $25,000. Miami
51 12/6/96 06 295 1 18.00 $122,000.


CA 7.25 2 106990000503988 24022 Hatteras ST 91 $39,576.36 4/10/21 90 $199500
5/10/96 91367 299 05 3.25 2503988 $39,900. Los Angeles
41 11/10/96 00 294 1 18.00 $266,000.






CA 11. 2 106990000504001 22314 Susana  91 $35,035.46 4/10/21 90 $207000
5/10/96 90505 299 05 2.75 2504001 $41,400. Torrance
43 8/10/96 01 294 1 18.00 $276,000.

CA 7.25 2 106990000504008 29671 Harvester  91 $39,281.14 5/6/21 84 $960000
6/6/96 90265 299 05 2.75 2504008 $40,000. Malibu
21 12/6/96 00 295 1 18.00 $1,200,000.



<PAGE>
MA 11. 2 125990000504012 2 Phaeton CIR 91 $55,686.05 6/18/21 89 $157882
6/18/96 01810 300 05 2.75 2504012 $100,000. Andover
38 9/18/96 06 296 1 18.00 $292,000.

CA 11. 2 106990000504014 9 Phaedra 91 $24,600. 5/22/21 90 $334500
5/22/96 92677 300 03 2.75 2504014 $40,000. Laguna Niguel
50 8/22/96 03 295 1 18.00 $420,000.


WA 11. 2 153990000504020 421 Pebble Beach  91 $11,054.84 5/25/21 85 $91000
5/25/96 98922 300 05 2.75 2504020 $25,000. Cle Elum
36 8/25/96 06 295 1 18.00 $138,000.

CA 10.5 2 106990000504024 4652 Amalfi ST 91 $10,140.97 5/14/21 90 $288000
6/14/96 90630 299 03 2.25 2504024 $35,950. Cypress
43 9/14/96 00 295 1 18.00 $360,000.


NY 7.25 2 136990000504026 25 Highview RD 91 $70,227.23 5/12/21 90 $375000
6/12/96 10952 299 05 3.25 2504026 $83,000. Monsey
43 12/12/96 03 295 1 18.00 $510,000.

NV 9.25 2 132990000504028 1655 Hunter Lake  81 $16,265.54 4/15/21 75 $81608
5/15/96 89509 299 05 1.00 2504028 $49,000. Reno
27 8/15/96 06 294 1 18.00 $175,000.


MD 10.75 2 124990000504029 3093 Sussex PL 91 $15,797.36 5/30/21 81 $160800
5/30/96 21401 300 03 2.50 2504029 $40,000. Riva
31 8/30/96 06 296 1 18.00 $250,000.

MI 7.25 2 126990000504031 5757 Forestal 90 $14,790.73 6/18/11 87 $72000
6/18/96 48237 180 05 3.25 2504031 $25,000. Waterford
24 12/18/96 03 176 1 18.00 $112,000.


FL 7.25 2 112990000504037 5720 SW 89th  81 $40,919.87 5/7/21 80 $96000
6/7/96 33173 299 05 0.25 2504037 $41,500. Miami
29 12/7/96 02 295 1 18.00 $172,000.







<PAGE>
CO 9.25 2 108990000504042 7761 W  81 $19,631. 4/30/21 80 $96000
5/31/96 80123 299 05 1.00 2504042 $24,000. LITTLETON
30 8/31/96 06 295 1 18.00 $150,000.

CA 7.25 2 106990000504044 6561 Skyfarm DR 91 $40,536.41 5/3/21 90 $345600
6/3/96 95120 299 05 2.75 2504044 $43,200. San Jose
46 12/3/96 00 295 1 18.00 $432,000.


CA 11. 2 106990000504047 995 S Creekview  91 $30,790.32 5/17/21 89 $250850
6/17/96 92808 299 05 2.75 2504047 $31,300. Anaheim
27 9/17/96 00 295 1 18.00 $318,769.

FL 10.25 2 112990000504058 1115 Weybridge  91 $38,668.53 5/28/21 85 $184300
5/28/96 34698 300 05 2.00 2504058 $40,000. Dunedin
17 8/28/96 02 295 1 18.00 $265,000.


CA 13. 2 106990000504061 290 Oakwood CIR 91 $38,450. 3/2/21 90 $192250
4/2/96 94553 299 03 2.75 2504061 $38,450. Martinez
31 7/2/96 00 293 1 18.00 $256,347.

UT 8.75 2 149990000504063 2599 W 11800 S 81 $20,082.84 4/24/21 70 $105000
5/24/96 84065 299 05 0.50 2504063 $24,000. Riverton
45 8/24/96 03 294 1 18.00 $185,000.


CO 11.5 2 108990000504066 942 GENEVA ST 92 $4,120.34 4/20/11 100 $35000
5/29/96 80010 178 05 3.25 2504066 $42,000. AURORA
45 0 06 174 1 18.00 $77,000.

NV 10.75 2 132990000504069 2341 Enterprise  91 $28,175.47 5/23/21 90 $141000
5/23/96 89440 300 05 2.50 2504069 $28,200. Virginia City
41 0 02 295 1 18.00 $188,000.


CA 10.5 2 106990000504076 217 Clifton AVE 91 $42,542.71 5/21/21 90 $341600
5/21/96 94070 300 05 2.25 2504076 $42,700. San Carlos
38 8/21/96 00 295 1 18.00 $427,000.

CA 11.5 2 106990000504082 1095 Robin CIR 91 $35,981.6 4/29/21 90 $181800
5/29/96 93420 299 05 3.25 2504082 $36,400. Arroyo Grande
48 8/30/96 00 294 1 18.00 $242,500.



<PAGE>
OR 7.25 2 141990000504084 1300 Lexington  91 $22,695.48 5/14/21 90 $115100
6/14/96 97535 299 05 2.00 2504084 $23,050. Eagle Point
30 12/14/96 00 295 1 18.00 $153,500.






CO 8.75 2 108990000504086 1095 S Josephine  81 $49,604.96 4/24/21 70 $83085
5/24/96 ****** 299 05 0.50 2504086 $50,000. Denver
43 8/24/96 06 294 1 18.00 $192,000.

FL 7.25 2 112990000504109 11875 SW 43rd  91 $87,163.79 4/29/21 90 $59686
5/29/96 33175 299 05 3.25 2504109 $87,500. Miami
50 11/29/96 06 294 1 18.00 $165,000.


HI 10.5 2 115990000504110 795 Koele ST 91 $15,945.76 5/25/21 90 $136000
5/25/96 96720 300 05 2.25 2504110 $16,000. Hilo
43 8/25/96 03 295 1 18.00 $170,000.

NJ 8.25 2 134990000504111 18 Ethel PL 81 $25,623.18 5/18/21 78 $82206
6/18/96 08840 299 05 0.50 2504111 $26,000. Metuchen
42 9/18/96 06 295 1 18.00 $140,000.


CO 8.5 2 108990000504112 3500 E  81 $34,565.91 4/29/21 80 $164000
5/29/96 80210 299 05 0.25 2504112 $40,000. Denver
27 8/29/96 06 294 1 18.00 $255,000.

CA 11.5 2 106990000504116 4588 Cimarron  91 $25,421.59 4/24/11 95 $136000
5/24/96 95136 179 09 3.25 2504116 $25,500. San Jose
32 8/24/96 01 174 1 18.00 $170,000.


WA 11. 2 153990000504123 2244 13th  91 $13,358.6 5/31/21 89 $95750
5/31/96 98119 300 01 2.75 2504123 $21,000. Seattle
41 8/31/96 02 296 1 18.00 $132,000.

CA 9.75 2 106990000504127 6213 Running  81 $19,450.58 4/24/21 50 $125000
5/24/96 95135 299 05 1.50 2504127 $55,000. San Jose
49 8/24/96 06 294 1 18.00 $366,000.



<PAGE>
UT 7.25 2 149990000504134 301 W 1300 N 91 $39,615.28 4/21/11 91 $59397
5/21/96 84010 179 05 3.25 2504134 $40,000. Bountiful
38 11/21/96 02 174 1 18.00 $110,000.

CA 10.5 2 106990000504138 5711 Westeria  91 $26,000. 5/24/21 83 $207000
5/24/96 94550 300 05 2.25 2504138 $26,000. Livermore
34 8/24/96 06 295 1 18.00 $283,000.


CA 11. 2 106990000504141 410s S Juanita  91 $31,837.57 4/17/21 90 $258400
5/17/96 90277 299 05 2.75 2504141 $32,300. Redondo Beach
40 8/17/96 00 294 1 18.00 $323,000.






CA 7.25 2 106990000504145 4201 Whispering  91 $64,756.16 4/17/11 89 $500000
5/17/96 91316 179 05 2.75 2504145 $65,000. Encino
41 11/17/96 06 174 1 18.00 $640,000.

GA 7.25 2 113990000504153 215 Lakeview  91 $12,039.08 6/6/21 90 $96800
6/6/96 30076 300 09 2.75 2504153 $12,100. Roswell
41 12/6/96 00 296 1 18.00 $121,000.


NM 8.75 2 135990000504160 10 Green Thorne  91 $14,665.5 4/29/21 81 $100000
5/29/96 87571 299 05 0.50 2504160 $15,000. Taos
36 8/29/96 02 294 1 18.00 $143,000.

CA 7.25 2 106990000504161 6548 Deer  91 $61,541.19 6/6/21 90 $499460
6/6/96 95120 300 05 3.25 2504161 $62,400. San Jose
41 12/6/96 00 296 1 18.00 $624,326.


CA 12. 2 106990000504173 5075 Murchio DR 91 $38,526.85 5/28/11 95 $208000
5/28/96 94521 180 05 3.75 2504173 $39,000. Concord
35 8/28/96 02 175 1 18.00 $260,000.

CO 8.75 2 108990000504176 6547 Serengeti  81 $14,724.88 4/24/21 71 $162000
5/24/96 80124 299 03 0.50 2504176 $18,000. Littleton
33 8/24/96 06 294 1 18.00 $255,000.



<PAGE>
NY 11.25 2 136990000504196 214-08 46th AVE 91 $24,572.7 6/21/21 89 $142500
6/21/96 11361 300 07 3.00 2504196 $25,000. Bayside
41 9/21/96 03 296 1 18.00 $190,000.

CO 8.5 1 108990000504200 13750 W 52nd  81 $22,097.71 4/24/21 47 $0
5/24/96 80002 299 05 0.25 2504200 $50,000. Arvada
20 8/24/96 06 294 1 18.00 $108,000.


CA 11. 2 106990000504204 139 W  91 $17,963.53 4/28/21 90 $216000
5/28/96 92672 299 05 2.75 2504204 $27,000. SAN CLEMENTE
41 8/28/96 06 294 1 18.00 $270,000.

CA 10.5 2 106990000504205 491 Athens ST 91 $12,887.08 4/23/21 90 $105000
5/23/96 91001 299 05 2.25 2504205 $13,200. Alameda
19 8/23/96 00 294 1 18.00 $132,000.


CA 10.5 2 106990000504216 835 Ten Oaks  91 $24,968.65 5/16/21 90 $202000
5/16/96 93444 300 05 2.25 2504216 $25,250. Nipomo
42 8/16/96 00 295 1 18.00 $252,500.






CA 7.25 2 106990000504217 27855 ELK  91 $83,112.28 4/14/21 90 $353194
5/14/96 92687 299 05 3.25 2504217 $83,300. YORBA LINDA
41 11/14/96 06 294 1 18.00 $485,000.

ID 7.25 2 116990000504219 345 Ward ST 91 $20,817.08 6/3/21 90 $105750
6/3/96 83535 300 05 2.25 2504219 $21,100. Juliaetta
43 12/3/96 06 296 1 18.00 $141,000.


CA 10.5 2 106990000504222 38 MARVIN CT 91 $9,887.27 4/28/21 86 $132000
5/28/96 93065 299 05 2.25 2504222 $10,000. SIMI VALLEY
31 8/28/96 00 294 1 18.00 $167,000.

CA 11.25 2 106990000504223 2286 Las Tunas  91 $157,572.7 5/7/21 85 $1000000
6/7/96 93103 299 03 3.00 2504223 $160,250. Santa Barbara
26 9/7/96 00 295 1 18.00 $1,365,000.



<PAGE>
CA 9.25 2 106990000504225 3445 Deer Ridge  81 $99,441.38 5/30/21 79 $568206
5/30/96 94506 300 05 1.00 2504225 $100,000. Danville
25 8/30/96 01 296 1 18.00 $850,000.

CA 11.5 2 106990000504230 20047 Garnett CT 92 $29,901.83 6/6/11 100 $183668
6/6/96 94546 180 05 3.25 2504230 $31,300. Castro Valley
40 0 06 176 1 18.00 $215,000.


CA 9.75 2 106990000504234 1163 Panorama  81 $98,931.29 4/7/21 79 $200000
5/7/96 91007 299 05 1.50 2504234 $100,000. Arcadia
40 8/7/96 06 294 1 18.00 $382,000.

CA 7.25 2 106990000504238 11540 Gladstone  81 $12,352.36 4/15/21 80 $193500
5/15/96 92708 299 05 1.50 2504238 $12,400. Fountain Valley
48 11/15/96 06 294 1 18.00 $258,000.


FL 9.25 2 112990000504241 1711  91 $14,310.53 6/1/21 95 $74773
5/31/96 33603 300 05 1.00 2504241 $14,500. Tampa
42 8/31/96 06 296 1 18.00 $94,500.

KS 10.5 2 120990000504244 424 SW 11th ST 91 $17,288.21 7/1/21 88 $32100
6/5/96 67114 300 05 2.25 2504244 $17,500. Newton
32 9/5/96 06 297 1 18.00 $56,500.


NY 7.25 2 136990000504247 928 East 105th  81 $14,867.47 5/6/21 54 $80710
6/6/96 11236 299 05 3.75 2504247 $15,000. Brooklyn
47 12/6/96 06 295 1 18.00 $180,000.






CA 11. 2 106990000504250 21796 Tahoe LN 91 $56,235.45 7/1/21 90 $200000
6/3/96 92630 300 03 2.75 2504250 $56,500. Lake Forest
44 9/3/96 00 297 1 18.00 $285,000.

CA 11. 2 106990000504252 2175 W  91 $100.52 6/1/21 90 $207000
5/31/96 92110 300 05 2.75 2504252 $67,500. San Diego
39 8/31/96 00 296 1 18.00 $305,000.



<PAGE>
CA 9.25 2 106990000504253 1043 Cyrus Lane 81 $7,616.67 5/20/11 68 $151196
5/20/96 91006 180 05 1.00 2504253 $50,000. Arcadia
43 8/20/96 02 175 1 18.00 $300,000.

CA 7.25 2 106990000504255 358 VALENCIA  81 $38,576.18 4/28/21 80 $207000
5/28/96 94103 299 05 1.50 2504255 $39,000. SOUTH SAN
48 11/28/96 00 294 1 18.00 $308,000.


AZ 11. 2 104990000504257 483 W Palo  91 $21,049.04 6/1/21 90 $106500
5/28/96 85233 300 03 2.75 2504257 $21,300. Gilbert
35 8/28/96 00 296 1 18.00 $142,006.

CA 10.5 2 106990000504258 2148 Creekfield  91 $14,598.28 6/1/21 90 $146950
5/30/96 95403 300 05 2.25 2504258 $18,600. Santa Rosa
39 8/30/96 02 296 1 18.00 $184,000.


WA 8.75 2 153990000504263 16103 122nd PL  91 $5,882. 6/8/21 81 $140200
6/8/96 98011 300 05 0.50 2504263 $23,000. Bothell
34 9/8/96 06 296 1 18.00 $202,000.

ME 7.25 2 123990000504264 5 Rustic WAY 91 $22,646.45 5/17/21 90 $109686
6/17/96 04062 299 05 2.75 2504264 $23,000. Windham
26 12/17/96 06 295 1 18.00 $148,000.


CA 12. 2 106990000504266 1037 VIA  91 $18,592.15 4/17/11 90 $418867
5/17/96 90277 179 05 3.75 2504266 $24,600. PALOS VERDES
44 0 00 174 1 18.00 $492,785.

CA 7.25 2 106990000504267 1500 Milton RD 91 $38,529.99 4/22/21 90 $195000
5/22/96 94558 299 05 3.25 2504267 $39,000. Napa
45 11/22/96 02 294 1 18.00 $260,000.


FL 7.25 2 112990000504268 17455 1st ST E 81 $39,108.51 4/24/21 73 $125000
5/24/96 33708 299 05 1.00 2504268 $40,000. Redington Shores
50 11/24/96 06 294 1 18.00 $228,000.







<PAGE>
CA 10.5 2 106990000504271 18 Seabridge RD 91 $29,129.49 5/16/11 90 $236000
5/16/96 92677 180 03 2.25 2504271 $29,500. Laguna Niguel
27 8/16/96 00 175 1 18.00 $295,000.

CA 7.25 2 106990000504275 3925 VIA  91 $48,515.79 6/1/21 90 $392000
5/23/96 90274 300 05 2.75 2504275 $49,000. PALOS VERDES
35 11/23/96 00 296 1 18.00 $490,000.


OR 8.75 1 141990000504283 3618 Carmelle CT 81 $12,794.03 5/18/21 23 $0
6/18/96 97305 299 05 0.50 2504283 $20,000. Salem
45 9/18/96 06 295 1 18.00 $90,000.

CA 11. 2 106990000504293 10 Via Taliana 91 $30,204.95 5/18/21 90 $245500
6/18/96 92688 299 03 2.75 2504293 $30,700. Rancho Santa
44 9/18/96 00 295 1 18.00 $307,235.


CA 12. 2 106990000504300 86 Corsica DR 91 $30,895.17 5/18/11 95 $167600
6/18/96 92660 179 01 3.75 2504300 $31,400. Newport Beach
45 9/18/96 00 175 1 18.00 $209,500.

CA 10.25 2 106990000504306 1674 Quail AVE 91 $14,759.77 7/1/21 90 $275200
6/5/96 94087 300 05 2.00 2504306 $34,400. Sunnyvale
28 9/5/96 00 297 1 18.00 $344,000.


CA 10.25 2 106990000504307 989 Lisbon AVE 91 $17,075.74 5/12/21 90 $163401
6/12/96 94550 299 05 2.00 2504307 $21,000. Livermore
30 9/12/96 06 295 1 18.00 $207,000.

CA 8.75 2 106990000504310 27052 S  81 $8,221.38 7/1/21 80 $177650
6/4/96 95376 300 05 0.50 2504310 $22,000. Tracy
41 9/4/96 06 297 1 18.00 $250,000.


CA 9.25 2 106990000504311 11450  81 $49,291.93 7/1/21 78 $207000
6/3/96 90720 300 05 1.00 2504311 $50,000. Los Alamitos
45 9/3/96 02 297 1 18.00 $330,000.

CA 10. 2 106990000504316 2940 Phoenix PT 81 $41,509.16 7/1/21 80 $207000
6/25/96 80906 300 03 1.75 2504316 $41,800. Colorado Springs
32 9/25/96 00 297 1 18.00 $311,000.



<PAGE>
UT 11.5 2 149990000504317 401 N 2330 W 91 $11,798. 6/18/11 89 $145600
6/18/96 84601 180 03 3.25 2504317 $15,000. Provo
44 9/18/96 06 176 1 18.00 $182,000.






CA 11.5 2 106990000504318 607B LITTLE  91 $44,529.21 5/29/11 93 $156565
5/29/96 80443 180 09 3.25 2504318 $45,000. FRISCO
45 0 06 175 1 18.00 $218,000.

PA 7.25 2 142990000504319 4210 Farmersville  80 $19,350.18 6/12/11 80 $55000
6/12/96 18017 180 05 0.50 2504319 $26,600. Bethlehem
22 12/12/96 06 176 1 18.00 $102,000.


WA 9.25 2 153990000504320 1024 Turner AVE 81 $11,962.23 6/1/21 77 $62420
5/31/96 98584 300 05 1.00 2504320 $12,000. Shelton
44 8/31/96 06 296 1 18.00 $97,500.

MI 7.25 2 126990000504321 5220 County Line 90 $14,314.63 6/20/11 92 $49712
6/20/96 48048 180 05 3.25 2504321 $14,500. Lenox
39 12/21/96 02 176 1 18.00 $70,000.


NC 6.99 2 137990000504322 118 W First ST 81 $17,470.69 7/8/21 80 $140315
7/8/96 28469 300 05 2.75 2504322 $21,200. Ocean Isle Beach
45 10/8/96 02 297 1 1600.00 $202,000.

CA 8.75 2 106990000504325 14338 Tawya RD 81 $22,858.09 6/1/21 64 $73412
5/30/96 92307 300 05 0.50 2504325 $23,000. Apple Valley
35 8/30/96 02 296 1 18.00 $151,000.


UT 11. 2 149990000504326 4437 E FULLER  91 $36,139.23 5/30/21 90 $183000
5/30/96 84310 300 05 2.75 2504326 $36,600. EDEN
43 8/30/96 06 296 1 18.00 $244,000.

CA 9.25 2 106990000504328 5735 Park Manor  81 $12,045.76 7/1/21 78 $176000
6/14/96 95118 300 05 1.00 2504328 $12,250. San Jose
47 9/14/96 03 297 1 18.00 $243,000.



<PAGE>
CA 10.5 2 106990000504330 26751 CALLE  91 $24,359.9 5/30/21 90 $181000
5/30/96 92624 300 05 2.25 2504330 $44,000. DANA POINT
44 8/30/96 06 296 1 18.00 $250,000.

NM 10.5 2 135990000504332 3917 Calle Del  91 $21,000. 4/30/21 82 $52778
5/31/96 87105 299 05 2.25 2504332 $21,000. Albuquerque
35 8/30/96 06 295 1 18.00 $90,000.


CA 11. 2 106990000504333 1320 BALBOA  91 $20,438.81 4/17/21 87 $247950
5/17/96 91406 299 05 2.75 2504333 $20,600. VAN NUYS
50 8/17/96 00 294 1 18.00 $309,950.






NM 11. 2 135990000504334 11600 Isle Royale  91 $21,272.16 6/1/21 90 $138750
5/20/96 87123 300 03 2.75 2504334 $27,700. Albuqurque
43 8/20/96 06 296 1 18.00 $185,000.

CA 11.5 2 106990000504337 2273 Knobcone  92 $11,700. 7/1/11 100 $76300
6/1/96 96007 181 05 3.25 2504337 $11,700. Anderson
47 0 02 177 1 18.00 $88,000.


CA 10.5 2 106990000504341 1969 E Imperial  91 $14,591.32 7/1/21 87 $102000
6/3/96 90059 300 05 2.25 2504341 $15,000. Los Angeles
36 9/3/96 06 297 1 18.00 $136,000.

CA 8.75 2 106990000504342 9521  81 $17,105.88 7/1/21 74 $453000
6/4/96 90034 300 05 0.50 2504342 $50,000. Los Angeles
34 9/4/96 06 297 1 18.00 $682,000.


CA 10.75 2 106990000504353 150 Humboldt RD 91 $32,000. 6/1/21 88 $324000
5/30/96 94005 300 05 2.50 2504353 $32,000. Brisbane
29 8/30/96 06 296 1 18.00 $405,000.

CO 11. 2 108990000504358 6107 Belmont  91 $28,075.32 5/5/21 90 $190000
6/5/96 80134 299 05 2.75 2504358 $32,000. Parker
43 9/5/96 06 295 1 18.00 $248,000.



<PAGE>
CO 10. 2 108990000504363 75 S Joyce ST 81 $49,121.57 5/3/11 70 $159520
6/3/96 80401 179 03 1.75 2504363 $50,000. Golden
43 9/3/96 06 175 1 18.00 $300,000.

CA 12. 2 106990000504369 27 COVE RD 91 $65,326.56 5/29/21 90 $500000
5/29/96 94920 300 05 3.75 2504369 $66,100. BELVDERE
45 8/29/96 00 295 1 18.00 $629,000.


OR 8.25 2 141990000504370 1319 Ann CT 91 $40,650. 7/1/11 95 $116098
6/3/96 97068 180 05 3.75 2504370 $40,650. West Linn
44 9/3/96 06 177 1 18.00 $165,000.

CO 8.75 2 108990000504373 814 W 124th DR 81 $4,585.7 4/30/21 80 $144494
5/30/96 80234 299 03 0.50 2504373 $35,000. Westminster
39 8/30/96 06 295 1 18.00 $225,000.


CA 7.25 2 106990000504375 4161  91 $36,436.11 4/23/21 90 $295100
5/23/96 94583 299 03 2.75 2504375 $36,800. SAN RAMON
40 11/23/96 00 294 1 18.00 $369,000.






OR 9.25 2 141990000504376 61514 Admiral  92 $18,959.27 7/1/11 100 $76000
6/3/96 97702 180 05 3.75 2504376 $19,000. Bend
37 0 06 177 1 18.00 $95,000.

CA 7.25 2 106990000504377 6362 Buckeye LN 80 $18,764.78 6/15/11 80 $265000
6/15/96 95746 180 05 2.00 2504377 $55,000. Roseville
44 12/15/96 06 176 1 18.00 $400,000.


CA 10.5 2 106990000504379 3677 Crow  91 $27,945.66 4/22/11 90 $139500
5/22/96 94583 179 01 2.25 2504379 $27,900. San Ramon
40 8/22/96 00 174 1 18.00 $188,000.

CA 11. 2 106990000504381 17020 PINE  91 $27,821.39 4/24/21 87 $164200
5/24/96 95037 299 05 2.75 2504381 $28,000. MORGAN HILL
44 8/24/96 00 294 1 18.00 $221,000.



<PAGE>
CO 8.75 1 108990000504382 4395 S Clarkson  81 $14,075.51 5/4/21 50 $0
6/4/96 80110 299 05 0.50 2504382 $50,000. Englewood
43 9/4/96 06 295 1 18.00 $100,000.

WA 12.5 2 153990000504389 6604 NE 68th CIR 91 $20,000. 6/27/11 99 $122792
6/27/96 98661 180 05 4.25 2504389 $20,000. Vancouver
41 0 06 176 1 18.00 $145,000.


CA 12.5 2 106990000504401 25458 Via Dona  92 $41,535.33 4/29/11 100 $200500
5/29/96 91355 179 03 4.25 2504401 $44,400. Santa Clarita
45 0 06 174 1 18.00 $245,000.

FL 11. 2 112990000504422 911 Sistina AVE 90 $92,443. 6/7/11 90 $163000
6/7/96 33146 180 05 2.75 2504422 $92,500. Coral Cables
23 9/7/96 02 176 1 18.00 $286,000.


CA 7.25 2 106990000504432 424 Santa Monica  91 $34,033.71 5/20/11 95 $185050
6/20/96 95076 179 09 3.50 2504432 $34,600. La Selva Beach
36 12/20/96 00 175 1 18.00 $231,313.

CA 7.25 2 106990000504435 1187 Copper  91 $26,431.43 6/11/21 85 $437600
6/11/96 95120 300 05 2.25 2504435 $27,300. San Jose
38 12/11/96 00 296 1 18.00 $547,000.


WA 7.25 2 153990000504443 1600 NE 106th ST 91 $24,625.2 6/3/21 84 $67000
6/3/96 98686 300 05 2.75 2504443 $25,000. Vancouver
47 12/3/96 06 296 1 18.00 $110,000.






CA 7.25 2 106990000504444 13 GLEN  91 $67,278.96 4/2/21 90 $542400
5/2/96 94506 299 03 2.75 2504444 $67,800. DANVILLE
40 11/2/96 00 294 1 18.00 $678,000.

CO 9. 2 108990000504447 3618 E Euclid  81 $25,687.77 4/30/21 68 $132000
5/31/96 80121 299 03 0.75 2504447 $50,000. Littleton
19 8/30/96 06 295 1 18.00 $270,000.



<PAGE>
CA 7.25 2 106990000504448 8371 Denni ST 91 $24,690.7 4/23/11 86 $138235
5/23/96 90630 179 05 2.25 2504448 $25,000. Cypress
44 11/23/96 02 174 1 18.00 $192,000.

CA 12. 2 106990000504450 1601 W Raymar  91 $17,458.71 5/18/11 95 $151500
6/18/96 92703 179 05 3.75 2504450 $17,600. Santa Ana
45 0 03 175 1 18.00 $178,000.


CA 10.5 2 106990000504451 12924 Jade DR 91 $13,824.22 4/30/21 90 $145078
5/30/96 93906 299 05 2.25 2504451 $25,000. Salinas
35 8/30/96 06 295 1 18.00 $190,000.

CA 8.5 2 106990000504452 1526 North  81 $46,040.95 6/1/21 75 $88000
5/17/96 90042 300 05 0.25 2504452 $46,200. Los Angeles
11 8/17/96 06 296 1 18.00 $180,000.


CA 7.25 2 106990000504454 14959 Yerba  91 $49,299.14 4/28/11 90 $399200
5/28/96 90265 179 05 2.25 2504454 $49,900. Malibu
39 11/28/96 00 174 1 18.00 $499,000.

GA 7.25 2 113990000504455 5214 Ersham LN 90 $15,000. 6/15/11 95 $281600
6/15/96 30092 180 05 3.75 2504455 $15,600. Norcross
32 12/15/96 06 176 1 18.00 $312,900.


CA 7.25 2 106990000504463 308 Euer CT 91 $30,332.17 6/19/21 91 $203000
6/13/96 95630 300 05 2.75 2504463 $30,800. Folsom
32 12/14/96 06 296 1 18.00 $258,000.

MA 10.25 2 125990000504468 23 E Greenwood  91 $23,074.83 6/5/21 90 $84559
6/5/96 01913 300 05 2.00 2504468 $23,400. Amesbury
30 9/5/96 06 296 1 18.00 $120,000.


MD 12.5 2 124990000504469 902 Schlinder DR 91 $35,713.97 5/18/11 94 $137700
6/18/96 20903 179 05 4.25 2504469 $36,000. Silver Spring
50 0 00 175 1 18.00 $185,000.







<PAGE>
CA 11. 2 106990000504470 8414 Edwin DR 91 $39,860.44 5/31/21 90 $320000
5/31/96 90046 300 05 2.75 2504470 $40,000. Los Angeles
39 8/31/96 00 296 1 18.00 $400,000.

UT 7.25 2 149990000504475 3682 E Kaibab  81 $21,712.07 5/21/21 47 $138019
6/21/96 84109 299 05 0.25 2504475 $30,000. Salt Lake City
23 12/21/96 06 295 1 18.00 $360,000.


CA 10.5 2 106990000504478 612 Oak ST 91 $21,053.61 5/20/21 89 $136500
6/20/96 96057 299 05 2.25 2504478 $25,000. McCloud
42 9/20/96 06 295 1 18.00 $182,000.

CA 11. 2 106990000504479 937 11th ST 91 $30,374.8 4/10/21 90 $244000
5/10/96 90266 299 01 2.00 2504479 $30,500. MANHATTAN
25 8/10/96 00 294 1 18.00 $305,000.


CA 7.25 2 106990000504481 25566 Fernhill DR 91 $33,198.12 7/1/21 85 $540000
6/20/96 94024 300 05 2.25 2504481 $33,750. Los Altos
25 12/20/96 00 297 1 18.00 $675,000.

CA 11.5 2 106990000504483 7156 Norfolk RD 92 $44,989.52 6/11/21 100 $354714
6/11/96 94701 300 05 3.25 2504483 $45,000. Oakland
19 0 06 296 1 18.00 $400,000.


AZ 7.25 2 104990000504491 6095 W Vereda  91 $9,916.32 4/1/21 81 $205000
5/15/96 85745 298 05 1.00 2504491 $10,000. Tucson
42 11/15/96 06 294 1 18.00 $280,000.

UT 11.5 2 149990000504493 53 S 100 E 91 $44,872.63 4/16/11 99 $60089
5/16/96 84745 179 05 3.25 2504493 $45,000. La Verkin
44 8/16/96 06 174 1 18.00 $107,000.


CA 11.5 2 106990000504496 101 Bahia Vista  91 $32,196.81 6/1/21 90 $161200
5/24/96 94591 300 05 3.25 2504496 $32,200. Vallejo
46 8/24/96 01 296 1 18.00 $215,000.

CA 12.5 2 106990000504498 2108 Arlington  91 $27,820.07 5/6/11 95 $150400
6/6/96 90501 179 05 4.25 2504498 $28,200. Torrance
32 9/6/96 00 175 1 18.00 $188,000.



<PAGE>
CA 11.5 2 106990000504499 4799 Montefino  91 $67,413.49 4/13/21 90 $296000
5/13/96 90630 299 05 3.25 2504499 $68,500. Cypress
38 8/13/96 06 294 1 18.00 $405,000.






CO 11. 2 108990000504502 6955 Woodstock 91 $27,765.84 4/24/21 90 $68000
5/24/96 80911 299 05 2.75 2504502 $28,000. Colorado Springs
35 8/24/96 02 294 1 18.00 $107,000.

CO 12. 2 108990000504504 15740 Greatrock  91 $40,425.11 4/29/11 94 $110799
5/29/96 80601 179 05 3.75 2504504 $41,200. Brighton
35 8/29/96 02 174 1 18.00 $163,000.


WA 9.75 2 153990000504508 8826 176th ST SE 81 $19,714.32 4/23/21 80 $140043
5/23/96 98290 299 05 1.50 2504508 $38,000. Snohomish
38 8/24/96 02 294 1 18.00 $224,000.

MA 9.25 2 125990000504514 229 Beverly RD 81 $105.9 6/6/21 79 $200000
6/6/96 02167 300 05 1.00 2504514 $96,800. Brookline
35 9/6/96 00 296 1 18.00 $380,000.


NH 8.75 2 133990000504515 29 Kings Pond  81 $9,330.41 6/24/21 61 $45000
6/24/96 03841 300 05 0.50 2504515 $30,000. Hampstead
33 9/24/96 06 296 1 18.00 $123,000.

FL 6.99 2 112990000504517 7375 SW 35th  90 $18,859.25 7/1/11 86 $100280
7/15/96 33155 179 05 3.25 2504517 $18,900. MIAMI
34 10/15/96 02 177 1 18.00 $140,000.


CA 9.25 2 106990000504532 1901 Polaris DR 81 $63,102.49 4/1/21 68 $182668
5/1/96 91208 299 05 1.00 2504532 $100,000. Glendale
45 8/1/96 06 294 1 18.00 $420,000.

CO 11.5 2 108990000504534 1570 Nowata 92 $53,442.33 4/30/11 100 $37000
5/31/96 80915 179 05 3.25 2504534 $54,800. Colorado Springs
40 0 06 175 1 18.00 $92,000.



<PAGE>
CA 10.5 2 106990000504535 1302 Stanford ST 91 $28,132.88 6/1/21 90 $228000
5/31/96 90404 300 01 2.25 2504535 $28,500. Santa Monica
37 8/31/96 00 296 1 18.00 $285,000.

WA 7.25 2 153990000504536 2419 S 121st PL 91 $32,353.55 7/1/21 89 $62589
6/11/96 98168 300 05 3.25 2504536 $32,500. Seattle
36 12/11/96 02 297 1 18.00 $108,000.


CA 11.5 2 106990000504538 4510 Thousand  91 $23,811.53 5/6/21 90 $189000
6/6/96 95136 299 05 3.25 2504538 $37,800. San Jose
39 9/6/96 06 295 1 18.00 $252,000.






MO 10.5 2 129990000504540 6617 NW East  91 $13,645.97 6/1/21 90 $69000
5/24/96 64152 300 05 2.25 2504540 $13,800. Kansas City
40 8/24/96 06 296 1 18.00 $92,000.

CA 7.25 2 106990000504542 4 Mission Bay DR 91 $49,397.99 4/24/11 89 $484000
5/24/96 97625 179 03 2.25 2504542 $50,000. Corona Del Mar
30 11/24/96 06 174 1 18.00 $604,000.


MN 10.25 2 127990000504543 7966 Claiborne  91 $25,400.94 6/1/21 90 $127500
5/30/96 55076 300 05 2.00 2504543 $25,500. Inver Grove
21 8/30/96 00 296 1 18.00 $170,000.

CA 7.25 2 106990000504545 16 Ticonderoga 91 $58,571.02 4/30/11 95 $316000
5/30/96 92720 179 05 3.75 2504545 $59,250. Irvine
29 11/30/96 00 175 1 18.00 $395,000.


CA 7.25 2 106990000504547 16622 FARLEY  91 $45,900. 4/28/21 90 $367200
5/28/96 95032 299 05 3.75 2504547 $45,900. LOS GATOS
44 11/28/96 00 294 1 18.00 $459,000.

NY 9.5 2 136990000504548 518 Pleasantville  81 $27,957.93 6/1/11 46 $45648
5/23/96 10510 180 05 1.25 2504548 $50,000. Briarcliff Manor
28 8/23/96 06 176 1 18.00 $317,000.



<PAGE>
CA 8.75 2 106990000504552 121 Hoffman  81 $19,641.59 5/5/21 70 $207000
6/5/96 94114 299 05 0.50 2504552 $20,000. San Francisco
37 9/5/96 00 295 1 18.00 $325,000.

GA 10.25 2 113990000504556 305 Saddle Creek  91 $27,782.28 5/30/21 90 $140600
5/31/96 30076 299 05 2.00 2504556 $28,150. Roswell
25 8/31/96 00 296 1 18.00 $187,500.


CA 7.25 2 106990000504557 7985 De Palma  91 $49,426.98 4/13/11 90 $84000
5/13/96 90241 179 05 2.75 2504557 $50,000. Downey
49 11/13/96 02 174 1 18.00 $150,000.

CA 10.25 2 106990000504559 6091 Martinez  91 $5,873.28 5/23/21 90 $82500
5/23/96 92509 300 05 2.00 2504559 $16,500. Riverside
18 8/23/96 01 295 1 18.00 $110,000.


CA 7.25 2 106990000504560 15 ROSEWOOD  91 $50,495.74 4/23/21 90 $407000
5/23/96 94127 299 05 2.75 2504560 $51,000. SAN
35 11/23/96 00 294 1 18.00 $509,000.






CA 10.5 2 106990000504562 2159 Country  91 $40,715.68 5/29/21 90 $206250
5/29/96 91741 300 05 2.25 2504562 $41,250. Glendora
46 8/29/96 00 295 1 18.00 $275,000.

AZ 7.25 2 104990000504566 6395 N Camino  81 $19,831.88 4/1/21 80 $123129
5/28/96 85718 298 05 0.50 2504566 $22,900. Tucson
39 11/28/96 06 294 1 18.00 $183,000.


CA 7.25 2 106990000504567 1209 Meadow  91 $47,313.58 4/28/11 90 $226558
5/28/96 92024 179 05 3.75 2504567 $47,900. Encinitas
45 11/28/96 02 174 1 18.00 $305,000.

FL 7.25 2 112990000504569 1788 Biarritz DR 81 $25,855.53 6/14/21 71 $59000
6/14/96 33141 300 05 0.50 2504569 $26,000. Miami Beach
33 12/14/96 06 296 1 18.00 $120,000.



<PAGE>
CA 7.25 2 106990000504570 10123 Camarillo  81 $19,758.95 4/28/11 89 $147745
5/28/96 91602 179 05 3.25 2504570 $20,000. North Hollywood
45 11/28/96 03 174 1 18.00 $190,000.

CA 10.5 2 106990000504571 5456 Edgewood  91 $39,100.52 4/24/21 89 $319600
5/24/96 91750 299 03 2.25 2504571 $50,000. Laverne
45 8/24/96 00 294 1 18.00 $417,000.


CA 10.75 2 106990000504573 25250 Lodge RD 91 $20,258.62 4/17/21 90 $102375
5/17/96 92549 299 05 2.50 2504573 $20,475. Idyllwild
41 8/17/96 00 294 1 18.00 $136,500.

OR 12. 2 141990000504576 1681 Woodland  92 $55,396.98 5/29/11 100 $262500
5/29/96 97034 180 05 3.75 2504576 $87,500. Lake Oswego
40 0 01 175 1 18.00 $350,000.


CA 10.25 2 106990000504577 171 Main ST 91 $22,418.72 5/19/21 90 $184000
6/19/96 95005 299 05 2.00 2504577 $23,000. Ben Lomond
29 9/19/96 00 295 1 18.00 $230,000.

CA 11. 2 106990000504580 912 N Adobe  91 $28,144.13 4/23/21 90 $141750
5/23/96 90640 299 05 2.75 2504580 $28,300. Montebello
43 8/23/96 01 294 1 18.00 $189,000.


CA 12. 2 106990000504582 4993 Lyng DR 92 $21,955.73 4/24/11 100 $147700
5/24/96 95111 179 05 3.75 2504582 $22,000. San Jose
50 0 02 174 1 18.00 $170,000.






CA 12. 2 106990000504584 615 GIANNINI  91 $48,279.6 4/22/11 95 $257600
5/22/96 95051 179 05 3.75 2504584 $48,300. SANTA CLARA
36 0 00 174 1 18.00 $322,000.

WA 12. 2 153990000504585 3425 228th ST  91 $46,952.39 4/24/11 95 $104989
5/24/96 98036 179 05 3.75 2504585 $47,000. Brier
42 0 02 174 1 18.00 $160,000.



<PAGE>
CA 10.5 2 106990000504588 1180 Hailey CT 91 $21,665.8 5/30/21 90 $126720
5/30/96 94928 300 05 2.25 2504588 $21,750. Rohnert Park
25 8/30/96 06 296 1 18.00 $165,000.

UT 7.25 2 149990000504589 1385 E 5360 ST S 95 $22,100.51 5/3/11 100 $125000
6/3/96 84117 179 05 3.25 2504589 $45,000. Salt Lake City
47 12/3/96 06 175 1 18.00 $170,000.


NV 11.75 2 132990000504590 4475 E  91 $22,950.59 4/15/11 91 $80430
5/15/96 89104 179 05 3.50 2504590 $23,000. Las Vegas
29 8/15/96 02 174 1 18.00 $114,000.

CA 10.5 2 106990000504591 9164 Prospect  91 $28,047.36 5/21/21 90 $90141
5/21/96 92071 300 05 2.25 2504591 $28,350. Santee
21 8/21/96 02 295 1 18.00 $132,000.


VA 11. 2 151990000504593 1250 Quaker Hill  91 $25,175.55 5/24/21 90 $162000
5/24/96 22314 300 09 2.75 2504593 $45,000. Alexandria
28 8/24/96 03 295 1 18.00 $230,000.

CO 7.25 2 108990000504594 6907 S Hill ST 81 $16,881.01 6/21/21 76 $114609
6/21/96 80120 300 05 0.50 2504594 $40,000. Littleton
35 12/21/96 02 296 1 18.00 $205,000.


WA 12. 2 153990000504595 23310 21st AVE  91 $38,604.2 4/24/11 96 $171981
5/24/96 98021 179 05 3.75 2504595 $39,000. Bothell
48 0 02 174 1 18.00 $221,000.

CA 11. 2 106990000504601 83 Tuscany Way 91 $47,612.88 5/22/21 90 $382500
5/22/96 94506 300 03 2.75 2504601 $47,800. Danville
48 8/22/96 00 295 1 18.00 $478,198.


UT 7.25 2 149990000504604 4163 W 525 N 81 $9,888.51 4/23/21 69 $78281
5/23/96 84720 299 05 0.50 2504604 $10,000. Cedar City
31 11/23/96 06 294 1 18.00 $128,000.







<PAGE>
CA 12. 2 106990000504606 270 Sturtevant  91 $49,410.86 5/29/11 95 $270000
5/29/96 91204 180 05 3.75 2504606 $50,000. Sierra Madre
34 8/29/96 00 175 1 18.00 $337,500.

CA 11.5 2 106990000504607 749  91 $29,364.14 4/23/21 90 $150000
5/23/96 90640 299 05 3.25 2504607 $30,000. MONTEBELLO
50 8/23/96 06 294 1 18.00 $200,000.


CA 11.5 2 106990000504609 4923 Conway  91 $24,483.48 5/17/11 95 $127000
6/17/96 94555 179 01 3.25 2504609 $25,000. Fremont
45 9/17/96 06 175 1 18.00 $160,000.

CA 7.25 2 106990000504619 4490 Sunburst DR 91 $39,000. 4/28/11 95 $103447
5/28/96 92056 179 05 3.75 2504619 $39,000. Oceanside
50 11/29/96 02 174 1 18.00 $150,000.


CA 12.5 2 106990000504624 1664 Benedict  91 $39,419.35 4/15/11 88 $346000
5/15/96 90210 179 05 4.25 2504624 $39,500. Beverly Hills
48 0 06 174 1 18.00 $440,000.

CA 11. 2 106990000504625 966 Scott ST 91 $34,820.93 6/10/21 90 $176250
6/10/96 94610 300 05 2.75 2504625 $35,200. Oakland
41 9/10/96 01 296 1 18.00 $235,000.


CA 10.5 2 106990000504626 16699 Granite DR 91 $27,895.64 5/13/21 87 $223732
5/13/96 92065 300 05 2.25 2504626 $28,000. Ramona
44 8/13/96 03 295 1 18.00 $290,000.

CA 7.25 2 106990000504631 3547 Platt Avenue 81 $14,866.69 4/29/21 70 $70000
5/29/96 90262 299 05 1.00 2504631 $25,000. Lynwood
45 11/29/96 02 294 1 18.00 $137,000.


CO 10.75 2 108990000504632 783 W 80th AVE 91 $39,495.24 4/28/21 90 $58927
5/28/96 80221 299 05 2.50 2504632 $43,600. Denver
24 0 02 294 1 18.00 $114,000.

UT 7.25 2 149990000504638 3976 W 8730 S 91 $9,695.66 5/24/11 88 $91400
5/24/96 84088 180 05 2.25 2504638 $14,000. West Jordan
40 11/22/96 06 175 1 18.00 $120,000.



<PAGE>
CA 10.5 2 106990000504639 429 W Hillsdale  91 $35,377.88 5/13/21 90 $288000
6/13/96 94403 299 05 2.25 2504639 $36,000. San Mateo
37 9/13/96 00 295 1 18.00 $360,000.






UT 9.75 2 149990000504640 11277 S Bell  81 $44,844.39 6/19/21 79 $66503
6/19/96 84094 300 05 1.50 2504640 $62,000. Sandy
50 9/19/96 02 296 1 18.00 $163,500.

CA 7.25 2 106990000504641 8945 Shady Vista  91 $20,484.64 6/10/21 90 $103500
6/10/96 95624 300 05 2.75 2504641 $20,700. Elk Grove
42 12/10/96 03 296 1 18.00 $138,000.


WA 7.25 2 153990000504643 32236 NE 32nd  91 $58,195.36 5/24/21 90 $165000
5/24/96 98014 300 05 2.75 2504643 $58,200. Carnation
44 11/24/96 06 295 1 18.00 $248,000.

FL 11.5 2 112990000504644 12668 Sandy Run  91 $11,965.31 6/4/21 90 $139400
6/4/96 33478 300 05 3.25 2504644 $28,900. Jupiter
48 9/4/96 06 296 1 18.00 $187,000.


CA 11.5 2 106990000504645 2828 Tudor Court 91 $34,473.51 4/30/21 90 $500000
5/30/96 94588 299 03 3.25 2504645 $64,500. Pleasanton
50 8/31/96 00 295 1 18.00 $627,317.

CA 8.75 2 106990000504646 3253 Dos Palos  81 $24,640.36 6/5/21 76 $231493
6/5/96 90068 300 05 0.50 2504646 $25,000. Los Angeles
43 9/5/96 06 296 1 18.00 $340,000.


CA 8.75 2 106990000504648 16 Lee ST 81 $12,135.26 5/17/21 78 $207000
5/17/96 94595 300 05 0.50 2504648 $12,700. Walnut Creek
36 8/17/96 01 295 1 18.00 $282,000.

ID 8.25 2 116990000504649 616 Purple Sage  91 $19,206.76 6/4/21 89 $67000
6/4/96 83651 300 05 2.25 2504649 $19,300. Nampa
38 9/4/96 06 296 1 18.00 $97,000.



<PAGE>
OR 10.5 2 141990000504650 12636 SW 56th  91 $23,478.94 5/21/21 87 $223440
6/21/96 97219 299 05 2.25 2504650 $29,000. Portland
38 9/21/96 06 295 1 18.00 $291,500.

MT 8.25 2 130990000504654 1057 Fir Avenue 91 $8,946.8 6/5/21 81 $50564
6/5/96 59044 300 05 2.75 2504654 $12,000. Laurel
38 9/5/96 06 296 1 18.00 $78,000.


OR 12.5 2 141990000504655 2345 SE Robin  91 $34,346.02 5/20/11 94 $110551
6/20/96 97080 179 05 4.25 2504655 $35,300. Gresham
48 9/20/96 06 175 1 18.00 $155,500.






CO 11.5 2 108990000504656 13225 Shoshone  92 $23,804.43 4/30/11 100 $129257
5/31/96 80234 179 05 3.25 2504656 $24,000. Westminster
44 8/31/96 02 175 1 18.00 $154,000.

CA 7.25 2 106990000504657 2 Puerto Nuevo 91 $27,195.1 4/24/11 90 $218400
5/24/96 92610 179 03 2.25 2504657 $27,300. Foothill Ranch
38 11/24/96 00 174 1 18.00 $273,000.


CA 7.25 2 106990000504660 2025 Oakwood  91 $24,501.48 4/30/11 92 $164400
5/31/96 91104 179 05 3.75 2504660 $24,600. Pasadena
49 12/1/96 00 175 1 18.00 $205,500.

CA 9.25 2 106990000504661 317 Conejo RD 80 $20,000. 5/23/11 68 $168000
5/23/96 93103 180 05 1.00 2504661 $20,000. SANTA
37 8/23/96 06 175 1 18.00 $280,000.


WA 12.5 2 153990000504662 2025 Lakewood  91 $41,319. 4/29/11 95 $162704
5/29/96 98223 179 05 4.25 2504662 $41,319. Arlington
49 0 02 174 1 18.00 $215,000.

OR 7.25 2 141990000504669 1833 NW 24th PL 91 $23,688.54 4/9/21 83 $123720
5/9/96 97210 299 07 2.75 2504669 $24,000. Portland
21 11/9/96 06 294 1 18.00 $180,000.



<PAGE>
HI 8.75 2 115990000504673 181 S Mokapu  81 $37,603.19 5/15/21 80 $200000
5/15/96 96732 300 03 0.50 2504673 $50,000. Kahului
45 8/15/96 02 295 1 18.00 $315,000.

CA 10.5 2 106990000504674 2261 Crestview  91 $23,757.2 5/21/21 90 $192000
5/21/96 92621 300 03 2.25 2504674 $24,000. Brea
36 8/21/96 00 295 1 18.00 $240,000.


OR 12. 2 141990000504677 1755 NE Bell DR 91 $20,250. 4/13/11 95 $79500
5/13/96 97220 179 05 3.75 2504677 $20,250. Portland
19 0 02 174 1 18.00 $105,000.

CA 7.25 2 106990000504679 30205 Cheret PL 91 $49,561.67 4/13/21 85 $708000
5/13/96 90275 299 05 2.25 2504679 $50,000. Rancho Palos
10 11/13/96 06 294 1 18.00 $900,000.


CA 10.5 2 106990000504682 16528 S  91 $13,066.64 4/23/21 90 $105600
5/23/96 95370 299 03 2.25 2504682 $13,200. Sonora
21 8/23/96 06 294 1 18.00 $132,000.






WA 9.25 2 153990000504685 105 218th PL SE 81 $19,419.25 5/22/21 80 $95632
6/22/96 98021 299 05 1.00 2504685 $20,000. Bothell
37 9/22/96 06 295 1 18.00 $145,000.

UT 11. 2 149990000504686 7752 S Newport  91 $25,000. 5/23/11 89 $171216
5/23/96 84121 180 05 2.75 2504686 $25,000. Salt Lake City
41 8/23/96 06 175 1 18.00 $221,000.


CA 8.5 2 106990000504687 43 Pembrook  81 $35,868.41 5/24/21 80 $296000
5/24/96 94556 300 05 0.25 2504687 $40,000. Moraga
25 8/24/96 06 295 1 18.00 $425,000.

CA 10.5 2 106990000504690 6532 Del Cerro  91 $24,797.37 6/5/11 90 $155000
6/5/96 92120 180 05 2.25 2504690 $29,500. San Diego
39 9/5/96 06 176 1 18.00 $205,000.



<PAGE>
OR 11. 2 141990000504691 712 8th ST SE 91 $48,079.22 4/2/21 90 $110845
5/2/96 97385 299 05 2.75 2504691 $49,000. Sublimity
41 8/2/96 02 294 1 18.00 $178,000.

CA 7.25 2 106990000504692 2675 Goldfinch  91 $25,000. 4/23/21 86 $207000
5/23/96 93422 299 05 2.75 2504692 $25,000. Atascadero
41 11/24/96 06 294 1 18.00 $271,500.


UT 7.25 2 149990000504693 2276 W Birdsong  81 $11,843.42 5/13/21 80 $109258
6/13/96 84119 299 05 1.00 2504693 $12,000. West Valley
41 12/13/96 06 295 1 18.00 $152,000.

CA 11. 2 106990000504694 10934 Rathburn  91 $26,600. 4/15/21 90 $133250
5/15/96 91326 299 05 2.75 2504694 $26,600. Northridge Area,
42 8/15/96 00 294 1 18.00 $177,725.


NV 12. 2 132990000504695 210 Gold Hill RD 91 $17,479.83 4/29/11 95 $93600
5/29/96 89448 179 07 3.75 2504695 $17,500. ZEPHYR COVE
41 0 00 174 1 18.00 $117,000.

FL 7.25 2 112990000504698 8879-A  91 $36,857.49 5/13/11 95 $33600
6/13/96 33172 179 01 3.75 2504698 $37,000. Miami
39 12/13/96 01 175 1 18.00 $75,000.


CA 7.25 2 106990000504699 345 S Enid  91 $40,241.22 4/22/21 83 $80000
5/22/96 91702 299 05 3.25 2504699 $40,000. Azusa
48 11/22/96 02 294 1 18.00 $146,000.






WA 10.25 2 153990000504702 3057 Perkins  81 $98,874.79 4/23/21 65 $322000
5/23/96 98199 299 05 2.00 2504702 $100,000. Seattle
49 8/23/96 02 294 1 18.00 $650,000.

CA 8.75 2 106990000504703 24253 Horst DR 81 $17,692.65 5/17/21 69 $40000
6/17/96 92325 299 05 0.50 2504703 $18,000. Crestline
45 9/17/96 03 295 1 18.00 $85,000.



<PAGE>
CA 10.5 2 106990000504704 8305 Parus WAY 91 $43,656.24 6/8/11 90 $250000
6/8/96 95650 180 05 2.25 2504704 $50,000. Loomis
38 9/8/96 06 176 1 18.00 $335,000.

UT 11.5 2 149990000504707 4811 S Aaron  92 $48,566.82 6/20/11 100 $58935
6/20/96 84118 180 05 3.25 2504707 $49,000. Kearns
36 0 02 176 1 18.00 $108,000.


CA 11.5 1 106990000504711 15493 Cardiff LN 81 $25,659.66 4/28/21 78 $0
5/28/96 92394 299 05 3.25 2504711 $64,500. Victorville
47 8/28/96 06 294 1 18.00 $83,000.

CA 8.75 2 106990000504712 202 San Vicente  81 $49,120.57 5/3/21 80 $207000
6/3/96 90402 299 01 0.50 2504712 $50,000. Santa Monica
42 9/3/96 00 295 1 18.00 $325,000.


CA 11. 2 106990000504713 1525 8th ST 91 $66,778.28 5/31/21 90 $542000
5/31/96 90266 300 05 2.75 2504713 $67,650. Manhattan Beach
37 8/31/96 00 296 1 18.00 $677,500.

CA 11. 2 106990000504714 2645 Outpost DR 91 $41,257.96 5/13/21 90 $608000
5/13/96 90068 300 05 2.75 2504714 $76,000. Los Angeles
33 8/13/96 00 295 1 18.00 $760,000.


CA 11.5 2 106990000504715 5981 Girvin DR 91 $59,129.14 5/31/21 90 $479200
5/31/96 94611 300 05 3.25 2504715 $59,900. Oakland
36 8/31/96 00 296 1 18.00 $599,000.

CA 7.25 2 106990000504716 1425 Pheasant CT 90 $12,891.13 6/4/11 95 $238050
6/4/96 92633 180 09 3.75 2504716 $13,200. Fullerton
32 12/4/96 06 176 1 18.00 $264,500.


CA 7.25 2 106990000504717 6450 Malik LN 80 $17,876.8 6/17/11 80 $620000
6/17/96 93401 180 05 0.50 2504717 $18,600. San Luis Obispo
40 12/17/96 06 176 1 18.00 $798,288.







<PAGE>
MI 7.25 2 126990000504718 2251 Yorkshire 90 $31,590.49 6/21/11 90 $225700
6/21/96 48009 180 05 3.00 2504718 $32,000. Birmingham
30 12/21/96 06 176 1 18.00 $288,000.

CA 12.5 2 106990000504719 732 N Curson  91 $43,000. 5/28/11 93 $219943
5/28/96 90046 180 05 4.25 2504719 $43,000. Los Angeles
49 8/28/96 02 175 1 18.00 $285,000.


CA 11.5 2 106990000504722 1200 Elm Avenue 91 $41,828.68 4/24/21 90 $338400
5/24/96 90266 299 05 3.25 2504722 $42,300. Manhattan Beach
46 8/24/96 00 294 1 18.00 $423,000.

WA 12.5 2 153990000504725 4423 92nd Street  91 $34,800. 4/24/11 94 $201170
5/24/96 98270 179 10 4.25 2504725 $34,800. Marysville
49 0 02 174 1 18.00 $252,000.


CA 10.5 2 106990000504726 224 Woodward  91 $18,747.98 5/22/21 90 $307200
5/22/96 94965 300 05 2.25 2504726 $35,000. Sausalito
25 8/22/96 00 295 1 18.00 $384,000.

CA 12.5 2 106990000504727 72 Baypoint DR 91 $65,000. 5/30/11 97 $255000
5/31/96 94901 179 03 4.25 2504727 $65,000. San Rafael
47 0 06 176 1 18.00 $330,000.


CA 7.25 2 106990000504732 441 Coronado  91 $52,450. 4/24/21 90 $207000
5/24/96 92069 299 05 2.75 2504732 $53,100. San Marcos
41 11/24/96 00 294 1 18.00 $289,000.

CA 11.5 2 106990000504733 3388 Hartwell CT 90 $53,000. 6/3/11 98 $239950
6/3/96 94588 180 05 3.25 2504733 $53,000. Pleasanton
44 0 01 176 1 18.00 $300,000.


CA 11. 2 106990000504734 27111 Kays Lane 91 $35,780.62 4/22/21 90 $436000
5/22/96 91301 299 05 2.75 2504734 $54,000. Agoura Hills
36 8/22/96 00 294 1 18.00 $547,500.

CA 7.25 2 106990000504736 2007 HULL AVE 81 $57,395.09 4/6/21 74 $340000
5/6/96 94061 299 05 0.75 2504736 $100,000. REDWOOD
25 11/6/96 06 294 1 18.00 $600,000.



<PAGE>
CA 10.5 2 106990000504739 571 Mangels AVE 91 $38,612.07 6/6/21 90 $195000
6/6/96 94127 300 05 2.25 2504739 $39,000. San Francisco
40 9/6/96 00 296 1 18.00 $260,000.






CA 11. 2 106990000504741 6088 Castlebrook  91 $41,797.51 6/4/11 86 $255964
6/4/96 94552 180 05 2.75 2504741 $45,000. Castro Valley
37 9/4/96 02 176 1 18.00 $350,000.

CA 10. 2 106990000504742 16450 Sanborn  81 $3,270.93 6/3/21 80 $400000
6/3/96 95070 300 05 1.75 2504742 $125,000. Saratoga
38 9/3/96 06 296 1 18.00 $657,000.


CA 12. 2 106990000504744 838 New York  92 $44,039.75 6/4/11 100 $178960
6/4/96 91001 180 05 3.75 2504744 $68,000. Altadena
34 0 06 176 1 18.00 $247,000.

CA 8.25 2 106990000504745 2256 Fox Glen  91 $23,040.69 6/7/11 90 $196000
6/7/96 94533 180 05 3.25 2504745 $24,500. Fairfield
46 9/12/96 06 176 1 18.00 $245,000.


CA 12. 2 106990000504750 3871 Mesa Verde  91 $45,265.37 5/24/11 95 $210000
5/24/96 94588 180 05 3.75 2504750 $45,400. Pleasanton
39 8/24/96 02 175 1 18.00 $270,000.

CA 8.25 2 106990000504751 3353 Deer  91 $99,093.67 4/30/21 90 $714500
5/31/96 94506 299 03 2.25 2504751 $100,000. Danville
36 8/31/96 00 295 1 18.00 $905,000.


CA 11. 2 106990000504753 5622 Mollie CT 91 $50,831.99 5/25/21 90 $255000
5/25/96 91730 300 05 2.75 2504753 $51,000. Livermore
41 8/25/96 02 295 1 18.00 $340,000.

CA 12.5 2 106990000504760 4123 Vinton AVE 91 $46,709.65 5/25/11 95 $252000
5/25/96 90232 180 05 4.25 2504760 $47,250. Culver City
50 8/25/96 01 175 1 18.00 $315,000.



<PAGE>
HI 11. 2 115990000504761 2067 Aaniu LOOP 91 $35,000. 5/23/21 88 $233209
5/23/96 96782 300 05 2.75 2504761 $35,000. Pearl City
38 8/23/96 06 295 1 18.00 $307,000.

CA 9.25 2 106990000504763 11504 Excelsior  81 $14,784.69 5/6/21 69 $91400
6/6/96 90650 299 05 1.00 2504763 $15,000. Norwalk
42 9/6/96 06 295 1 18.00 $155,000.


CA 7.25 2 106990000504765 660 Caminito  81 $49,436.85 4/28/11 67 $216000
5/28/96 92037 179 05 1.00 2504765 $50,000. La Jolla
44 11/29/96 00 174 1 18.00 $400,000.






CA 12. 2 106990000504769 737 Mayview  81 $29,595.49 4/28/21 78 $287663
5/28/96 94303 299 05 3.75 2504769 $30,000. Palo Alto
48 8/28/96 06 294 1 18.00 $410,000.

HI 8.5 2 115990000504771 94-1026 Akaku  81 $5,999.82 5/17/21 70 $175410
5/17/96 96797 300 05 0.25 2504771 $50,000. Mililani
27 8/17/96 06 295 1 18.00 $324,000.


HI 8.75 2 115990000504774 521 Paikau ST 81 $49,871.58 4/19/21 67 $400000
4/19/96 96816 300 05 0.50 2504774 $50,000. Honlulu
43 7/19/96 06 294 1 18.00 $674,000.

CA 10.5 2 106990000504782 76 Tuscany WAY 90 $50,000. 5/20/11 89 $443000
5/20/96 94506 180 03 2.25 2504782 $50,000. Danville
44 8/20/96 00 175 1 18.00 $554,329.


CA 12. 2 106990000504783 12007 Palo Alto  91 $32,856.75 5/30/11 95 $126000
5/30/96 91739 180 05 3.75 2504783 $33,000. Rancho
36 8/30/96 06 176 1 18.00 $168,000.

HI 10.5 2 115990000504784 1203 Perry ST 91 $36,000. 5/1/21 90 $288000
5/1/96 96825 300 05 2.25 2504784 $36,000. Honolulu
44 8/1/96 00 295 1 18.00 $361,000.



<PAGE>
MA 7.25 2 125990000504786 25 Freedom DR 91 $50,000. 7/1/21 77 $236434
7/1/96 01864 300 05 0.50 2504786 $50,000. North Reading
41 1/1/97 06 297 1 18.00 $375,000.

CA 9.25 2 106990000504790 9530 MORGAN  80 $44,972.27 6/6/11 60 $207000
6/6/96 94550 180 05 1.00 2504790 $45,000. LIVERMORE
47 9/6/96 06 176 1 18.00 $420,000.


UT 8.75 2 149990000504793 1436 E Browning  81 $14,633. 5/21/21 71 $117069
6/21/96 84105 299 05 0.50 2504793 $17,000. Salt Lake
36 9/21/96 06 295 1 18.00 $190,000.

HI 8.75 2 115990000504798 103 Lohe PL 81 $13,000. 5/13/21 80 $200200
5/13/96 96786 300 05 0.50 2504798 $13,000. Wahiawa
32 8/13/96 06 295 1 18.00 $267,000.


CA 7.25 2 106990000504800 7175 Chelan  91 $54,179.45 4/13/21 90 $440000
5/13/96 90068 299 05 2.75 2504800 $55,000. Los Angeles
37 11/13/96 00 294 1 18.00 $550,000.






CA 11. 2 106990000504801 24 Don CT 91 $40,750.79 4/23/21 90 $328000
5/23/96 94063 299 05 2.75 2504801 $41,000. Redwood City
42 8/23/96 00 294 1 18.00 $410,000.

CA 10.5 2 106990000504802 157 Merano ST 90 $24,646.03 6/3/11 86 $350800
6/3/96 94526 180 03 2.25 2504802 $25,000. Danville
30 9/3/96 01 176 1 18.00 $438,500.


MI 7.25 2 126990000504804 9139 Briarwood 90 $27,991.23 6/25/11 95 $106500
6/25/96 48170 180 05 4.00 2504804 $28,400. Plymouth
30 12/25/96 02 176 1 18.00 $142,000.

AZ 6.99 2 104990000504805 5932 E Arcadia  90 $78,201.95 4/29/11 90 $401250
5/29/96 85018 179 05 2.25 2504805 $80,250. Phoenix
40 11/29/96 00 174 1 18.00 $535,000.



<PAGE>
UT 7.25 2 149990000504806 62 W Lester AVE 81 $9,830.33 5/19/21 80 $47142
6/19/96 84107 299 01 0.50 2504806 $10,000. Murray
41 12/19/96 06 295 1 18.00 $71,500.

CA 11.5 2 106990000504807 27474 Sunrise  90 $99,301. 6/5/11 90 $684800
6/5/96 94022 180 05 3.25 2504807 $100,000. Los Altos Hillss
45 9/5/96 00 176 1 18.00 $872,000.


GA 7.25 2 113990000504809 80 Gum Creek  81 $28,889.41 5/23/21 79 $97911
6/23/96 30267 299 05 0.50 2504809 $30,000. Oxford
40 12/23/96 06 295 1 18.00 $162,000.

GA 7.25 2 113990000504810 1630 Pine CIR 91 $10,621.06 5/24/11 95 $57551
6/24/96 30001 179 05 3.50 2504810 $10,800. Austell
22 12/24/96 06 175 1 18.00 $72,000.


CA 6.99 2 106990000504813 680 Mohican DR 81 $30,390.67 7/24/21 33 $3082
7/24/96 95123 300 05 1.75 2504813 $60,000. San Jose
42 10/24/96 03 297 1 18.00 $197,000.

CA 12. 2 106990000504816 434 Bradrick DR 92 $18,881.69 6/20/11 100 $161034
6/20/96 94578 180 05 3.75 2504816 $25,000. San Leandro
49 0 06 176 1 18.00 $187,000.


CA 9.5 2 106990000504818 1201 Burnham  81 $32,994.37 5/5/11 75 $155861
6/5/96 95132 179 05 1.25 2504818 $50,000. San Jose
41 9/5/96 06 175 1 18.00 $275,000.






CA 8.25 2 106990000504820 20666 Celeste  81 $2,553.15 6/7/21 80 $60000
6/7/96 95014 300 01 1.00 2504820 $52,800. Cupertino
44 9/7/96 00 296 1 18.00 $141,000.

CA 11.5 2 106990000504821 7315 7th ST 92 $19,748.75 7/1/11 100 $110000
6/21/96 95673 180 05 3.25 2504821 $20,000. Rio Linda
35 9/21/96 02 177 1 18.00 $130,000.



<PAGE>
CA 7.25 2 106990000504824 105 TERRACE  91 $89,303. 5/31/11 90 $207000
5/31/96 94596 180 05 3.25 2504824 $90,000. WALNUT
36 12/1/96 06 176 1 18.00 $330,000.

CA 10.5 2 106990000504825 5662 Towers ST 91 $13,629.89 5/17/21 90 $284800
6/17/96 90503 299 05 2.25 2504825 $34,400. Torrance
44 9/17/96 06 295 1 18.00 $355,000.


FL 12. 2 112990000504826 1434 E Park CIR 91 $23,792.51 5/19/21 90 $87961
6/19/96 33604 299 05 3.75 2504826 $25,000. Tampa
43 9/19/96 06 295 1 18.00 $126,000.

CA 12. 2 106990000504827 8450 N Del Mar 91 $38,688.43 4/8/21 90 $108582
5/8/96 93711 299 05 3.75 2504827 $38,750. Fresno
37 8/8/96 06 294 1 18.00 $164,000.


CA 11. 2 106990000504834 3 Nova 91 $70,000. 5/24/21 82 $650000
6/24/96 92715 299 03 2.75 2504834 $100,000. Irvine
38 9/24/96 00 295 1 18.00 $925,000.

CA 10.5 2 106990000504837 513 A Easterby  91 $24,603.67 5/28/21 83 $194250
5/29/96 94965 299 01 2.25 2504837 $25,000. Sausalito
43 8/28/96 00 295 1 18.00 $265,000.


CA 7.25 2 106990000504841 519 N Hillcrest  90 $71,172.49 4/24/11 88 $1000000
5/24/96 90210 179 05 1.00 2504841 $100,000. Beverly Hills
37 11/25/96 03 174 1 18.00 $1,375,000.

CA 12. 2 106990000504842 4218 Rhodes AVE 91 $55,958.36 5/20/21 90 $460000
6/20/96 91604 299 05 3.75 2504842 $57,500. Studio City (area)
47 9/20/96 00 295 1 18.00 $575,000.


CA 7.25 2 106990000504844 751 Spring Wood  91 $32,640. 5/17/21 89 $247500
5/17/96 95129 300 05 2.25 2504844 $47,000. San Jose
41 11/17/96 06 295 1 18.00 $331,000.







<PAGE>
CO 10.5 2 108990000504845 26 Golden Eagle  91 $86,320.85 4/29/21 89 $475500
5/29/96 80127 299 03 2.25 2504845 $87,000. Littleton
40 6/30/96 02 294 1 18.00 $635,000.

CA 11. 2 106990000504846 3 Mirko 91 $31,441.92 5/21/21 90 $256000
6/21/96 92677 299 03 2.75 2504846 $32,000. Laguna Niguel
45 9/21/96 00 295 1 18.00 $320,000.


UT 8.75 2 149990000504848 4088 Adonis CIR 81 $22,900.4 5/24/11 74 $192379
6/24/96 84124 179 05 0.50 2504848 $50,000. Salt Lake City
43 9/24/96 06 175 1 18.00 $330,000.

CA 11. 2 106990000504853 231 B ST 91 $12,052.47 4/28/21 89 $198000
5/28/96 94063 299 05 2.75 2504853 $20,000. Redwood City
45 8/28/96 06 294 1 18.00 $247,000.


CA 7.25 2 106990000504854 16 Vallecito 91 $21,010.27 5/6/21 90 $170400
6/6/96 92610 299 03 2.75 2504854 $21,300. Foothill Ranch
43 12/6/96 00 295 1 18.00 $213,000.

OR 8.25 2 141990000504856 20920 E Country  91 $19,914.06 6/6/21 83 $88700
6/6/96 97011 300 05 1.00 2504856 $20,000. Brightwood
45 9/6/96 06 296 1 18.00 $132,000.


CA 11.25 2 106990000504857 385 Beaumont  91 $106,138.33 7/1/21 90 $196345
6/5/96 94044 300 05 3.00 2504857 $127,000. Pacifica
33 9/5/96 06 297 1 18.00 $360,000.

CA 7.25 2 106990000504858 137 Northstar  91 $61,627.2 6/12/21 90 $500000
6/12/96 90292 300 05 3.75 2504858 $62,500. Marina Del Rey
49 12/12/96 00 296 1 18.00 $625,000.


CA 11. 2 106990000504859 545 AQUEDUCT  91 $40,256.3 4/10/21 90 $324000
5/10/96 93065 299 03 2.75 2504859 $40,500. SIMI VALLEY
33 8/10/96 00 294 1 18.00 $405,000.

CA 7.25 2 106990000504861 1040  91 $19,888.77 5/24/11 87 $135000
5/24/96 95376 180 05 2.75 2504861 $20,000. Tracy
45 11/24/96 02 175 1 18.00 $180,000.



<PAGE>
MD 8.75 2 124990000504868 3801 Thornapple  81 $9,079.76 7/1/21 58 $300000
6/7/96 20815 300 05 0.50 2504868 $50,000. Chevy Chase
34 9/7/96 06 297 1 18.00 $605,000.






VA 10.5 2 151990000504871 8205 Hood Drive 91 $41,451.96 6/1/21 88 $76500
5/31/96 23227 300 05 2.25 2504871 $42,000. Richmond
44 8/31/96 06 296 1 18.00 $135,000.

FL 10.5 2 112990000504873 17425  91 $32,390.78 7/1/21 89 $212450
6/7/96 33549 300 05 2.25 2504873 $40,000. Lutz
37 9/7/96 06 297 1 18.00 $285,000.


CA 11.5 2 106990000504875 1694 Random  91 $28,925.16 6/1/11 95 $148544
5/20/96 95403 180 05 3.25 2504875 $29,000. Santa Rosa
42 8/20/96 06 176 1 18.00 $187,000.

CA 7.25 2 106990000504881 31505 Emperor  90 $9,899.95 6/21/11 88 $255900
6/21/96 92587 180 09 0.75 2504881 $25,000. Canyon Lake
40 12/21/96 06 176 1 18.00 $320,000.


UT 7.25 2 149990000504884 160 N 200 E 81 $17,158.82 4/23/21 70 $68718
5/23/96 84036 299 05 1.00 2504884 $29,200. Kamas
26 11/23/96 03 294 1 18.00 $140,000.

CA 8.25 2 106990000504885 1973 Harrison ST 91 $23,290.6 5/7/21 90 $187200
6/7/96 95050 299 05 2.25 2504885 $23,400. Santa Clara
36 9/7/96 00 295 1 18.00 $234,000.


CA 10.5 2 106990000504887 2337 Ray DR 91 $49,129.36 5/19/21 90 $404000
6/19/96 94010 299 05 2.25 2504887 $50,000. Burlingame
39 9/19/96 00 295 1 18.00 $505,000.

AZ 7.25 2 104990000504888 3540 W Falling  91 $9,961.58 4/1/11 95 $75500
5/20/96 85741 178 05 3.75 2504888 $10,000. Tucson
38 11/20/96 06 174 1 18.00 $90,000.



<PAGE>
CA 11. 2 106990000504889 530 N Gower ST 91 $25,630.04 5/3/21 90 $207000
6/3/96 90004 299 05 2.75 2504889 $26,000. Los Angeles
33 9/3/96 00 295 1 18.00 $259,000.

CA 11. 2 106990000504891 4676 Pannonia  91 $36,371.85 4/16/21 90 $291701
5/16/96 92008 299 03 2.75 2504891 $36,500. Carlsbad
39 8/16/96 06 294 1 18.00 $368,000.


WA 12. 2 153990000504892 2726 Locust AVE  91 $15,651.39 5/4/11 95 $103744
6/4/96 98466 179 05 3.75 2504892 $15,700. Tacoma
33 0 02 175 1 18.00 $126,000.






NV 10.5 2 132990000504894 2301 Silver Bluff  91 $49,765.95 7/1/21 90 $261632
6/4/96 89134 300 03 2.25 2504894 $50,000. Las Vegas
46 9/4/96 06 297 1 18.00 $350,000.

CA 9.25 2 106990000504896 959 Princeton ST 81 $55,656.89 4/20/21 64 $340000
5/20/96 90403 299 05 1.00 2504896 $75,000. Santa Monica
45 8/20/96 03 294 1 18.00 $650,000.


CA 10.5 2 106990000504899 517 E Virginia  91 $20,634.15 7/1/21 90 $120000
6/5/96 92706 300 05 2.25 2504899 $23,900. Santa Ana
31 9/5/96 06 297 1 18.00 $160,000.

CA 7.25 2 106990000504901 4942 Hemlock 81 $18,927. 5/3/21 80 $207000
6/3/96 92715 299 03 1.00 2504901 $19,000. Irvine
43 12/3/96 00 295 1 18.00 $282,500.


CA 7.25 2 106990000504902 125 26th AVE 81 $25,777.29 4/13/11 37 $295931
5/13/96 95062 179 05 1.25 2504902 $26,000. SANTA CRUZ
40 11/13/96 06 174 1 18.00 $884,000.

CO 7.25 2 108990000504903 6111 S Marion  81 $98,306.55 6/24/21 72 $24737
6/24/96 80121 300 05 0.75 2504903 $100,000. Littleton
12 12/24/96 06 296 1 18.00 $175,000.



<PAGE>
CA 7.25 2 106990000504907 1225 Ogard  91 $39,493.44 5/1/21 90 $320000
6/1/96 92019 299 05 2.75 2504907 $40,000. El Cajon
41 12/1/96 00 295 1 18.00 $400,000.

CA 11. 2 106990000504911 4156 37th ST 91 $14,501.67 4/30/21 88 $89600
5/31/96 92105 299 05 2.75 2504911 $20,000. SAN DIEGO
43 9/1/96 06 295 1 18.00 $125,000.


CA 7.25 2 106990000504917 3607 Alma AVE 91 $37,906.91 5/21/21 90 $316000
5/21/96 90266 300 10 2.75 2504917 $39,500. Manhattan Beach
37 11/21/96 00 295 1 18.00 $395,000.

CA 12. 2 106990000504919 2409 S Orange  92 $29,805.76 4/10/11 100 $94426
5/10/96 90016 179 05 3.75 2504919 $30,000. Los Angeles
43 0 03 174 1 18.00 $125,000.


NJ 11. 2 134990000504932 4 Holly DR 91 $22,024.67 5/25/21 88 $190740
6/25/96 07869 299 05 2.75 2504932 $24,000. Randolph
43 9/25/96 06 295 1 18.00 $245,000.






CA 7.25 2 106990000504934 3230  81 $19,759.23 5/3/21 70 $207000
6/3/96 94588 299 05 1.00 2504934 $20,000. PLEASANTON
45 12/3/96 00 295 1 18.00 $327,000.

CA 11.5 2 106990000504936 4328 Arthur RD 91 $22,170.58 5/28/11 95 $67817
5/28/96 94553 180 05 3.25 2504936 $22,250. Martinez
45 8/28/96 02 175 1 18.00 $95,000.


CA 11. 2 106990000504938 3433 HAMLINE  91 $23,797.77 5/3/21 88 $145800
6/3/96 93063 299 05 2.75 2504938 $24,200. SIMI VALLEY
43 9/3/96 00 295 1 18.00 $194,500.

CA 11. 2 106990000504939 27320 Glenwood  91 $27,984.13 5/20/21 90 $240000
6/21/96 92691 298 05 2.75 2504939 $30,000. Mission Viejo
43 9/21/96 00 295 1 18.00 $300,000.



<PAGE>
CA 12. 2 106990000504940 8954  92 $34,300. 4/30/11 100 $125414
5/31/96 92071 179 05 3.75 2504940 $34,300. SANTEE
45 0 06 175 1 18.00 $160,000.

CA 11.5 2 106990000504942 19250 Calahan ST 81 $22,227.45 6/5/11 76 $141000
6/5/96 91324 180 05 3.25 2504942 $35,400. Los Angeles
37 0 06 176 1 18.00 $235,000.


CA 11. 2 106990000504943 675 Odin DR 90 $30,988.32 5/28/11 90 $181000
5/28/96 94523 180 05 2.75 2504943 $31,000. Pleasant Hill
36 8/28/96 02 175 1 18.00 $236,000.

CA 11. 2 106990000504946 2208 Vizcaya CIR 91 $41,298.28 5/24/11 90 $330500
5/24/96 95124 180 09 2.75 2504946 $41,300. San Jose
50 8/24/96 06 175 1 18.00 $413,500.


CA 12. 2 106990000504948 2744 Cedar Ridge  91 $4,878.35 6/6/11 95 $137200
6/6/96 91761 180 05 3.75 2504948 $36,650. Ontario
39 9/6/96 06 176 1 18.00 $183,000.

CA 8.25 2 106990000504956 1226 Koi TER 90 $30,189.65 6/3/11 90 $157200
6/3/96 94536 180 07 2.00 2504956 $30,900. Fremont
28 9/3/96 06 176 1 18.00 $209,600.


CA 10.5 2 106990000504966 1215 E  91 $27,381.89 6/4/21 90 $220000
6/4/96 91104 300 05 2.25 2504966 $27,500. Pasadena Area
39 9/4/96 00 296 1 18.00 $275,000.






CA 12. 2 106990000504968 679 Emily DR 90 $32,409.26 6/7/11 91 $176000
6/7/96 94043 180 05 3.75 2504968 $33,000. Mountain View
41 9/7/96 01 176 1 18.00 $230,000.

CA 11.5 2 106990000504970 21637 Dumetz RD 91 $81,936.44 4/30/21 81 $300166
5/31/96 91364 299 05 3.25 2504970 $87,000. Woodland Hills
37 8/31/96 06 295 1 18.00 $480,000.



<PAGE>
CA 10.5 2 106990000504973 5766 Oak Bank  91 $18,678.99 5/24/21 90 $93750
5/24/96 91301 300 01 2.25 2504973 $18,750. Agoura Area
34 8/24/96 00 295 1 18.00 $125,000.

CA 10.75 2 106990000504975 728 Tunbridge  91 $63,769.77 7/1/21 87 $281990
6/21/96 94526 300 05 2.50 2504975 $65,000. Danville
27 9/21/96 02 297 1 18.00 $400,000.


MA 8.5 2 125990000504977 61 Glen ST 81 $6,175.8 5/18/21 62 $48600
6/27/96 02142 298 05 0.25 2504977 $25,000. Malden
26 9/27/96 06 295 1 18.00 $120,000.

CA 7.25 2 106990000504979 4130 Matisse  81 $49,804.47 5/6/21 71 $250679
6/6/96 91364 299 05 3.25 2504979 $50,000. Woodland Hills
49 12/6/96 02 295 1 18.00 $425,000.


OR 7.25 2 141990000504983 140 NELSON LN 91 $30,603.72 4/23/21 87 $80927
5/23/96 97027 299 05 3.25 2504983 $31,000. GLADSTONE
50 11/23/96 06 294 1 18.00 $130,000.

NC 7.25 2 137990000504985 807 Castalia DR 91 $12,697.62 5/13/11 85 $95600
6/13/96 27513 179 05 2.75 2504985 $12,750. Cary
38 12/13/96 00 175 1 1600.00 $127,500.


WA 7.25 2 153990000504988 708 High AVE 91 $19,578.44 5/21/21 90 $97640
6/21/96 98294 299 05 2.25 2504988 $28,300. Sultan
45 12/21/96 06 295 1 18.00 $140,000.

CA 12.5 2 106990000504989 524 Orpheus AVE 91 $79,747.94 4/30/11 99 $181690
5/31/96 92024 179 01 4.25 2504989 $80,000. Encinitas
50 0 06 175 1 18.00 $265,000.


CA 11. 2 106990000505011 1817 Leafgren DR 91 $30,420.09 4/1/21 95 $162969
5/22/96 95405 298 05 2.75 2505011 $30,750. Santa Rosa
41 8/22/96 06 294 1 18.00 $205,000.







<PAGE>
CA 12. 2 106990000505014 1837 Hill Top LN 91 $21,948.28 4/2/11 95 $186000
5/2/96 92024 179 03 3.75 2505014 $22,000. Encinitas
44 0 06 174 1 18.00 $219,000.

CA 7.25 2 106990000505015 1104 W 134th PL 81 $9,961.58 4/3/21 72 $67500
5/3/96 90222 299 05 1.50 2505015 $25,000. Compton
50 11/3/96 06 294 1 18.00 $130,000.


CA 7.25 2 106990000505020 16971 Chestnut  81 $14,341.79 6/4/21 75 $130000
6/4/96 92686 300 05 0.50 2505020 $42,500. Yorba Linda
31 12/4/96 06 296 1 18.00 $230,000.

CA 7.25 2 106990000505021 2774 Canterbury  91 $53,411.8 4/16/21 90 $207000
5/16/96 95405 299 05 3.75 2505021 $54,000. Santa Rosa
47 11/16/96 01 294 1 18.00 $290,000.


CA 12.5 2 106990000505022 2084 Oregon  91 $27,650. 5/31/11 87 $316000
5/31/96 94061 180 05 4.25 2505022 $27,650. Redwood City
48 8/31/96 02 176 1 18.00 $395,000.

WA 12. 2 153990000505023 4428 92nd ST NE 92 $36,356.32 5/22/11 100 $77694
6/22/96 98270 179 05 3.75 2505023 $37,000. Marysville
50 9/22/96 06 175 1 18.00 $115,000.


CA 7.25 2 106990000505024 138 S Cragmont  91 $30,678.93 6/11/11 95 $155000
6/11/96 95127 180 05 4.25 2505024 $31,200. San Jose
50 12/11/96 02 176 1 18.00 $196,000.

CA 7.25 2 106990000505028 2226 Bataan RD 91 $43,278.46 6/13/11 95 $232000
6/13/96 90278 180 10 3.75 2505028 $43,500. Redondo Beach
43 12/13/96 06 176 1 18.00 $290,000.


FL 11. 2 112990000505029 4684 Creekview  91 $20,958.84 5/10/21 88 $108097
6/10/96 32765 299 05 2.75 2505029 $24,000. Oviedo
31 9/10/96 06 295 1 18.00 $151,000.

WA 7.25 2 153990000505034 12009 79th AVE  81 $9,408.62 5/24/21 79 $50189
6/24/96 98178 299 05 0.50 2505034 $48,000. Seattle
37 12/24/96 06 295 1 18.00 $125,000.



<PAGE>
UT 7.25 2 149990000505035 3313 W 6580 S 81 $29,384.32 5/25/21 80 $63245
6/25/96 84084 299 05 1.00 2505035 $30,000. West Jordan
49 12/25/96 06 295 1 18.00 $117,000.






CA 7.25 2 106990000505038 1000 Banbury CT 81 $43,843.46 5/21/21 80 $133800
6/21/96 94558 299 05 1.25 2505038 $44,600. Napa
45 12/21/96 06 295 1 18.00 $223,000.

CA 9.75 2 106990000505039 10011 Madrona  81 $24,564.94 6/21/21 63 $80273
6/21/96 95470 300 05 1.50 2505039 $25,000. Redwood Valley
50 9/21/96 02 296 1 18.00 $168,000.


MI 7.25 2 126990000505040 19904 California 90 $37,667.65 6/25/11 93 $64000
6/25/96 48080 180 05 4.25 2505040 $38,000. St. Clair Shores
35 12/25/96 02 176 1 18.00 $110,000.

MI 7.25 2 126990000505045 6544 Crabapple  90 $8,807.87 6/25/11 86 $225000
6/25/96 48098 180 05 3.00 2505045 $50,000. Troy
19 12/25/96 06 176 1 18.00 $320,000.


OR 9.25 2 141990000505046 61154 Hamilton  81 $33,991.01 7/1/21 75 $28000
6/10/96 97702 300 05 1.00 2505046 $34,200. Bend
42 9/10/96 03 297 1 18.00 $83,000.

VA 11.5 2 151990000505047 9410 Englefield  91 $66,000. 7/1/21 90 $333750
6/7/96 22039 300 03 3.25 2505047 $66,000. Fairfax Station
39 9/7/96 01 297 1 18.00 $445,000.


GA 11. 2 113990000505048 3825 Byers RD 91 $16,033.91 5/5/21 86 $61267
6/5/96 30130 299 05 2.75 2505048 $16,100. Cumming
38 9/5/96 02 295 1 18.00 $90,000.

MI 7.25 2 126990000505049 3215 N Blair 90 $9,207.16 6/25/11 82 $82000
6/25/96 48073 180 05 3.25 2505049 $20,000. Royal Oak
45 12/25/96 06 176 1 18.00 $125,000.



<PAGE>
CA 11. 2 106990000505050 446 Old Toll RD 91 $43,246.37 7/1/11 90 $149175
6/10/96 92352 180 05 2.75 2505050 $43,500. Lake Arrowhead
45 9/10/96 01 177 1 18.00 $215,000.

CA 7.25 2 106990000505054 1974 FREDA LN 91 $46,361.88 5/4/21 93 $340000
6/4/96 92007 299 05 3.25 2505054 $47,000. ENCINITAS
49 12/4/96 06 295 1 18.00 $420,000.


CA 7.25 2 106990000505059 3309 Moraga  91 $39,712.41 5/21/21 90 $283000
6/21/96 94549 299 05 3.25 2505059 $41,000. Lafayette
47 12/21/96 06 295 1 18.00 $360,000.






CA 7.25 2 106990000505062 1633 N Clear  91 $23,593.38 5/24/21 85 $195000
6/24/96 94526 299 03 2.25 2505062 $24,000. Danville
37 12/24/96 01 295 1 18.00 $260,000.

CO 7.25 2 108990000505068 2908 S Clermont  91 $15,670.96 5/26/21 90 $70293
6/26/96 80222 299 05 2.50 2505068 $57,000. Denver
28 12/26/96 02 295 1 18.00 $142,000.


CA 10.5 2 106990000505069 1915 Carlson  91 $25,500. 5/30/21 90 $127500
5/30/96 94804 300 05 2.25 2505069 $25,500. Richmond
43 8/30/96 02 296 1 18.00 $170,000.

MD 8.5 2 124990000505071 9801 Glen WAY 81 $9,057.64 7/1/21 28 $29698
6/5/96 ****** 300 05 0.25 2505071 $10,000. Fort Washington
24 9/5/96 06 297 1 18.00 $145,000.


MI 7.25 2 126990000505075 25536 Firwood 90 $14,584.35 6/25/11 93 $41500
6/25/96 48089 180 05 4.00 2505075 $15,000. Warren
26 12/25/96 06 176 1 18.00 $61,000.

CA 11. 2 106990000505078 17051 Los  81 $37,296.25 7/1/21 80 $83500
6/7/96 91344 300 05 2.75 2505078 $37,500. Granada Hills
46 9/7/96 06 297 1 18.00 $152,000.



<PAGE>
MD 12. 2 124990000505082 3300 Dunwood  91 $53,800. 6/1/11 96 $287200
5/31/96 20721 180 03 3.75 2505082 $53,800. Bowie
40 8/31/96 00 176 1 18.00 $356,409.

CA 11.5 2 106990000505084 11862 Reagan ST 91 $71,901.9 7/1/21 90 $222000
6/7/96 90720 300 05 3.25 2505084 $72,300. Los Alamitos
40 9/7/96 06 297 1 18.00 $327,000.


MI 7.25 2 126990000505086 1300 FALCON  90 $19,962.87 6/26/11 82 $123000
6/26/96 48098 180 05 3.25 2505086 $60,000. TROY
33 12/26/96 06 176 1 18.00 $224,000.

CA 10.5 2 106990000505087 11932 Silver Cliff  91 $24,096.07 7/1/21 89 $207000
6/4/96 95670 300 03 2.25 2505087 $50,000. Golden River
38 9/4/96 00 297 1 18.00 $289,000.


CO 7.25 2 108990000505088 2736 Third ST 81 $29,833.87 6/1/11 46 $177000
6/27/96 80304 179 05 0.25 2505088 $50,000. Boulder
32 12/28/96 06 176 1 18.00 $500,000.






CA 12. 2 106990000505089 21232  91 $33,500. 5/4/11 95 $94688
6/4/96 90745 179 05 3.75 2505089 $33,500. CARSON
38 0 06 175 1 18.00 $135,000.

WY 10.5 2 156990000505090 1530 Montana  91 $11,803.41 7/1/21 90 $56355
6/7/96 82730 300 05 2.25 2505090 $12,000. Upton
34 9/7/96 06 297 1 18.00 $76,000.


MD 12. 2 124990000505091 10802 Lake Court  91 $13,339.91 7/1/11 90 $106600
6/7/96 21774 180 03 3.75 2505091 $13,400. New Market
37 9/7/96 06 177 1 18.00 $134,000.

CA 9.25 2 106990000505093 15279 Carretera  81 $129,897.08 5/5/21 80 $335249
6/5/96 90605 299 05 1.00 2505093 $131,000. Whittier
33 9/5/96 06 295 1 18.00 $585,000.



<PAGE>
OR 7.25 2 141990000505097 2880 Parker RD 91 $56,561.69 7/1/21 86 $106276
6/19/96 97470 300 05 3.25 2505097 $57,000. Roseburg
40 12/19/96 03 297 1 18.00 $190,000.

FL 7.25 2 112990000505102 4515 N A ST 91 $9,744.99 4/15/21 90 $121600
5/15/96 33607 299 05 3.25 2505102 $15,000. Tampa
42 11/15/96 06 294 1 18.00 $152,000.


CA 10.25 2 106990000505105 1420 VALANE  91 $24,354.34 6/4/21 89 $194600
6/4/96 91208 300 05 2.00 2505105 $24,700. GLENDALE
27 9/4/96 00 296 1 18.00 $247,000.

CA 10.75 2 106990000505111 949 Uclan DR 91 $29,586.62 4/29/21 90 $240000
5/29/96 91504 299 05 2.50 2505111 $30,000. Burbank
26 8/29/96 00 294 1 18.00 $300,000.


CA 9.75 2 106990000505113 4891 Hilo CIR 81 $29,757.28 5/18/21 78 $109000
6/18/96 92649 299 05 1.50 2505113 $70,000. Huntington Beach
20 9/18/96 06 295 1 18.00 $230,000.

CA 11.5 2 106990000505115 6059 Nevelson  92 $18,865.19 6/6/11 100 $168000
6/6/96 93063 180 05 3.25 2505115 $19,000. Simi Valley
45 0 06 176 1 18.00 $187,000.


CA 10.5 2 106990000505117 9018 W 24th ST 91 $41,443.57 5/6/21 89 $207000
6/6/96 90034 299 05 2.25 2505117 $42,000. Los Angeles
41 9/6/96 00 295 1 18.00 $280,000.






CA 11.5 2 106990000505123 418 N Downey  91 $48,761.63 5/11/21 90 $391900
6/11/96 92670 299 05 3.25 2505123 $49,000. Placentia
36 9/11/96 00 295 1 18.00 $489,900.

PA 11. 2 142990000505124 416 Boxwood RD 91 $91,555.86 5/28/21 90 $461250
6/28/96 19010 299 05 2.75 2505124 $92,250. Rosemont
40 9/28/96 00 295 1 18.00 $615,000.



<PAGE>
WA 11. 2 153990000505126 1474 FARM DR 91 $49,011.35 5/5/21 84 $51211
6/5/96 98248 299 05 2.75 2505126 $49,500. FERNDALE
45 9/5/96 06 295 1 18.00 $120,000.

UT 9.25 2 149990000505130 375 E 6th AVE 81 $29,755.94 5/25/21 69 $61262
6/25/96 84103 299 05 1.00 2505130 $30,000. Salt Lake City
49 9/25/96 06 295 1 18.00 $133,000.


CA 10.5 2 106990000505133 4662 Amalfi ST 91 $36,156.31 5/26/21 90 $322950
6/26/96 90630 299 05 2.25 2505133 $40,300. Cypress
45 9/26/96 00 295 1 18.00 $403,721.

CA 7.25 2 106990000505134 300 Kimberly DR 81 $17,927.47 4/20/21 64 $58000
5/20/96 96145 299 05 1.50 2505134 $18,000. Tahoe City
39 11/20/96 03 294 1 18.00 $119,000.


CA 6.99 2 106990000505136 121 S Kellog  81 $40,330.49 5/21/21 70 $134152
6/21/96 92633 299 05 1.00 2505136 $42,000. Fullerton
40 9/30/96 06 295 1 18.00 $255,000.

VA 12. 2 151990000505138 9972 Confederate  92 $8,410.65 6/21/11 100 $124000
6/17/96 22110 180 05 3.75 2505138 $18,000. Manassas
47 0 01 176 1 18.00 $142,000.


VA 8.25 2 151990000505143 12564 Quincy  81 $25,546.45 6/7/21 77 $156250
6/7/96 22071 300 05 1.00 2505143 $30,000. Herndon
22 9/7/96 06 296 1 18.00 $245,000.

CO 7.25 2 108990000505154 2601 Appleton CT 91 $23,487.67 5/28/21 88 $131000
6/28/96 80525 299 05 2.25 2505154 $30,000. Fort Collins
33 12/29/96 06 295 1 18.00 $183,500.


CA 8.25 2 106990000505155 6740 Auburn  91 $28,290.01 5/5/21 90 $240000
6/5/96 95650 299 05 2.75 2505155 $30,000. Loomis
37 9/5/96 00 295 1 18.00 $300,000.







<PAGE>
CA 10.5 2 106990000505156 3855 Carter DR 91 $25,087.4 6/12/21 90 $126990
6/12/96 94080 300 01 2.25 2505156 $25,300. South San
48 9/12/96 00 296 1 18.00 $169,320.

WA 8.25 2 153990000505157 15803 71st AVE  91 $22,472.92 6/12/21 90 $180800
6/12/96 98011 300 05 2.25 2505157 $22,600. Bothell
19 9/12/96 02 296 1 18.00 $226,000.


UT 7.25 2 149990000505160 3452 S Patrick DR 91 $16,891.89 5/10/21 95 $71568
6/10/96 84095 299 05 3.75 2505160 $20,485. South Jordan
44 12/10/96 03 295 1 18.00 $97,000.

CA 8.25 2 106990000505161 23862 Coronel  81 $51,706.78 6/12/21 80 $96391
6/12/96 92691 300 05 1.00 2505161 $52,000. Mission Viejo
32 9/12/96 03 296 1 18.00 $186,000.


CA 7.25 2 106990000505162 120 26th AVE 91 $41,175.64 5/7/21 90 $336000
6/7/96 94121 299 01 2.50 2505162 $42,000. San Francisco
28 12/7/96 00 295 1 18.00 $420,000.

CA 7.25 2 106990000505163 15319 Stonewood  91 $49,309.8 6/5/21 84 $432000
6/5/96 91403 300 05 2.75 2505163 $49,500. Los Angeles
43 12/5/96 06 296 1 18.00 $575,000.


FL 7.25 2 112990000505164 3807 23rd AVE  91 $33,313.47 7/1/21 90 $65387
6/24/96 34205 300 05 3.75 2505164 $33,600. Bradenton
48 12/24/96 02 297 1 18.00 $110,000.

CA 7.25 2 106990000505170 809 Tyburn RD 91 $46,300. 4/23/21 90 $370400
5/23/96 90274 299 05 2.25 2505170 $46,300. Palos Verdes
44 11/23/96 00 294 1 15.00 $463,000.


CA 9.25 2 106990000505171 2991 Westridge  81 $9,965.24 4/15/21 64 $106000
5/15/96 91360 299 05 1.00 2505171 $25,000. Thousand Oaks
44 8/15/96 01 294 1 18.00 $205,000.

CA 10.5 2 106990000505172 466  91 $36,591. 5/24/21 88 $207000
5/24/96 94583 300 05 2.25 2505172 $37,000. SAN RAMON
42 8/24/96 06 295 1 18.00 $280,000.



<PAGE>
WA 11. 2 153990000505173 22602 132nd ST  91 $34,200. 4/21/21 90 $171000
5/21/96 98272 299 05 2.75 2505173 $34,200. Monroe
50 8/21/96 01 294 1 18.00 $228,000.






UT 7.25 2 149990000505174 1966 E Gregson  81 $40,581.16 4/20/21 76 $72868
5/20/96 84106 299 05 1.00 2505174 $50,000. Salt Lake City
48 11/20/96 06 294 1 18.00 $162,000.

CA 7.25 2 106990000505175 31 Los Padres  91 $25,000. 6/12/21 90 $200000
7/12/96 95050 299 05 2.25 2505175 $25,000. Santa Clara
44 1/12/97 00 296 1 18.00 $250,000.


CA 11. 2 106990000505176 42 Shawnee CT 91 $27,734.51 4/24/21 87 $432000
5/24/96 94619 299 05 2.75 2505176 $35,000. Oakland
30 8/24/96 01 294 1 18.00 $540,000.

CA 7.25 2 106990000505177 3583 Multi View 91 $71,500. 4/22/21 90 $572000
5/22/96 90068 299 05 2.75 2505177 $71,500. Los Angeles
41 11/22/96 00 294 1 18.00 $715,000.


CA 7.25 2 106990000505178 800 Tortuoso  81 $85,082.77 6/14/21 80 $1462500
6/14/96 90077 300 05 1.00 2505178 $97,500. Los Angeles
40 12/14/96 00 296 1 18.00 $1,950,000.

OR 6.99 2 141990000505179 2605 NE 34th  91 $17,111.53 6/8/11 91 $124846
7/9/96 97212 178 10 3.25 2505179 $19,100. Portland
41 10/9/96 03 176 1 18.00 $159,000.


OR 12. 2 141990000505180 62360 Deer Trail  91 $37,500. 4/14/11 95 $200000
5/14/96 97701 179 05 3.75 2505180 $37,500. Bend
29 0 06 174 1 18.00 $250,000.

CA 8.25 2 106990000505181 900 Sycamore LN 81 $44,840.85 5/3/21 75 $156370
6/3/96 92019 299 05 1.50 2505181 $45,000. El Cajon
50 9/3/96 06 295 1 18.00 $270,000.



<PAGE>
CA 8.25 2 106990000505182 2729 Bonita AVE 91 $26,848.95 5/10/21 90 $135000
6/10/96 91750 299 05 3.25 2505182 $27,000. La Verne
48 9/10/96 02 295 1 18.00 $180,000.

UT 7.25 2 149990000505183 356 S 700 E 81 $19,809.61 5/10/21 80 $97200
6/10/96 84321 299 05 1.50 2505183 $20,000. River Heights
36 12/10/96 06 295 1 18.00 $148,000.


WA 7.25 2 153990000505185 3234 41st WAY  91 $42,209.1 7/1/11 95 $186000
6/25/96 98501 180 05 4.75 2505185 $44,000. Olympia
46 12/26/96 02 177 1 18.00 $243,000.






CA 12. 2 106990000505188 1756 8th ST 91 $54,000. 5/7/11 95 $296000
6/7/96 90266 179 05 3.75 2505188 $54,000. Manhattan Beach
35 0 01 175 1 18.00 $370,000.

CA 8.25 2 106990000505190 525 Allegheny  81 $25,000. 5/29/21 70 $149000
5/29/96 94598 300 03 1.25 2505190 $28,500. Walnut Creek
45 8/29/96 06 295 1 18.00 $255,000.


CA 7.25 2 106990000505192 21737 E Lasso LN 91 $44,827.09 7/1/21 90 $207000
6/7/96 91789 300 05 2.75 2505192 $45,000. Walnut
44 12/7/96 06 297 1 18.00 $280,000.

OR 7.25 2 141990000505196 705 Marie AVE 80 $23,430.98 6/21/11 80 $65000
6/21/96 97132 180 05 0.25 2505196 $23,800. Newberg
20 12/21/96 06 176 1 18.00 $111,000.


CA 11. 2 106990000505197 14 Cibrian DR 91 $95,596.77 5/21/21 84 $647496
5/21/96 94920 300 05 2.75 2505197 $100,000. Tiburon
26 8/21/96 02 295 1 18.00 $900,000.

CA 7.25 2 106990000505198 931 Rosemary  81 $47,815.56 5/5/21 53 $67369
6/5/96 92009 299 03 1.50 2505198 $48,000. Carlsbad
49 12/5/96 06 295 1 18.00 $220,000.



<PAGE>
CA 8.25 2 106990000505199 1706 Payeras ST 81 $49,585.73 5/26/21 52 $150750
6/26/96 93109 299 05 0.50 2505199 $50,000. Santa Barbara
44 9/26/96 02 295 1 18.00 $390,000.

CA 7.25 2 106990000505200 1075 Sanders DR 91 $19,721.72 5/6/21 86 $300000
6/6/96 94556 299 05 2.75 2505200 $20,000. Moraga
35 12/6/96 06 295 1 18.00 $375,000.


CA 8.25 2 106990000505201 9501 Zion CIR 81 $19,918.74 4/30/21 80 $259612
5/31/96 92646 299 05 1.00 2505201 $20,000. Huntington Beach
43 8/31/96 06 295 1 18.00 $350,000.

CA 10.5 2 106990000505202 25684 Midsection  91 $22,261.02 4/15/21 90 $110500
5/15/96 95686 299 05 2.25 2505202 $22,500. Thornton
39 8/15/96 06 294 1 18.00 $148,000.


CA 7.25 2 106990000505203 21 MEADOW  81 $29,068.59 5/5/21 80 $437783
6/5/96 92679 299 03 1.00 2505203 $34,200. COTA DE CAZA
37 12/5/96 06 295 1 18.00 $590,000.






ID 7.25 2 116990000505205 3525 11th "d" ST 91 $22,712.39 6/3/11 95 $53000
6/3/96 83501 180 05 3.75 2505205 $22,800. Lewiston
36 12/3/96 06 176 1 18.00 $80,000.

CA 8.25 2 106990000505206 925 East Cardinal  81 $27,123.5 6/11/21 80 $168000
6/11/96 94087 300 05 0.50 2505206 $42,600. Sunnyvale
38 9/11/96 06 296 1 18.00 $265,000.


CA 7.25 2 106990000505209 11005 Night  91 $25,688.67 6/7/21 90 $153127
6/7/96 92555 300 05 2.75 2505209 $49,300. Moreno Valley
29 12/7/96 02 296 1 18.00 $225,000.

MI 7.25 2 126990000505211 1328 Crystal LN 90 $14,939.38 6/27/11 86 $100000
6/27/96 48327 180 05 2.00 2505211 $15,000. Waterford
23 12/27/96 06 176 1 18.00 $134,000.



<PAGE>
CA 8.25 2 106990000505215 10013 Foxboro  81 $10,049.01 6/11/21 80 $198750
6/11/96 94583 300 05 1.00 2505215 $11,000. San Ramon
43 9/11/96 06 296 1 18.00 $265,000.

CA 7.25 2 106990000505216 733 EIGHTH  91 $34,666.29 5/6/21 90 $174000
6/6/96 94063 299 05 3.25 2505216 $34,800. REDWOOD
50 12/6/96 06 295 1 18.00 $232,000.


CO 8.25 2 108990000505223 14377 W 71st DR 81 $14,665.64 5/12/21 80 $108287
6/12/96 80004 299 05 0.25 2505223 $23,000. Arvada
27 9/12/96 06 295 1 18.00 $165,000.

CA 7.25 2 106990000505225 4767 MISSION  91 $49,560.51 5/3/21 88 $315779
6/3/96 91941 299 05 3.25 2505225 $50,000. LA MESA
40 12/3/96 06 295 1 18.00 $420,000.


CA 9.5 2 106990000505226 1613 Lyon ST 81 $49,583.44 5/25/11 79 $406000
6/25/96 94115 179 05 1.25 2505226 $50,000. San Francisco
40 9/26/96 02 175 1 18.00 $580,000.

ID 7.25 2 116990000505228 3800 N 36th ST 91 $16,934.68 4/15/21 90 $91000
5/15/96 83703 299 05 3.25 2505228 $17,000. Boise
29 11/15/96 01 294 1 18.00 $120,000.


CA 9.5 2 106990000505231 7593 Waterford  81 $32,633.58 6/4/11 72 $272458
6/4/96 95014 180 05 1.25 2505231 $50,000. Cupertino
41 9/4/96 02 176 1 18.00 $450,000.






CA 11. 2 106990000505234 22 Bel Air DR 90 $47,970.42 6/10/11 90 $384000
6/10/96 94563 180 05 2.75 2505234 $48,000. Orlinda
33 9/10/96 00 176 1 18.00 $480,000.

CA 7.25 2 106990000505235 3015 Rancho Del  91 $47,793.37 5/11/21 90 $384000
6/11/96 92025 299 05 3.25 2505235 $48,000. Escondido
49 12/11/96 00 295 1 18.00 $480,000.



<PAGE>
CA 8.5 2 106990000505240 2333 -2335  81 $39,850.71 5/24/11 61 $96000
5/24/96 94702 180 10 0.25 2505240 $40,000. Berkeley
27 8/24/96 06 175 1 18.00 $225,000.

CA 11.5 2 106990000505244 2763 Darwin ST 92 $3,933.85 4/17/11 100 $114750
5/17/96 94545 179 05 3.25 2505244 $38,250. Hayward
43 0 01 174 1 18.00 $153,000.


OR 11.5 2 141990000505245 2635 Columbia  92 $28,243.42 4/17/11 100 $84750
5/17/96 97051 179 05 3.25 2505245 $28,250. St Helens
36 0 06 174 1 18.00 $113,000.

ID 7.25 2 116990000505246 5178 S  91 $25,395.18 6/13/21 90 $204700
6/12/96 83705 300 03 3.25 2505246 $25,500. Boise
32 12/12/96 00 296 1 18.00 $255,888.


ID 7.25 2 116990000505247 2236 Terrace DR 91 $17,245.09 6/7/11 94 $64372
6/3/96 83661 180 05 4.00 2505247 $20,000. Payette
42 12/6/96 06 176 1 18.00 $89,800.

CA 11. 2 106990000505248 11 Lyon 91 $35,824.9 5/7/11 90 $289229
6/7/96 92657 179 03 2.75 2505248 $36,000. Newport Coast
50 9/7/96 06 175 1 18.00 $365,000.


CA 7.25 2 106990000505249 1130 Coventry  91 $36,570.03 5/10/11 95 $196000
6/10/96 91360 179 05 3.25 2505249 $36,750. Thousand Oak
30 12/10/96 06 175 1 18.00 $247,000.

CA 7.25 2 106990000505250 5930 Pecky  91 $39,804.24 5/10/11 90 $111874
6/10/96 95631 179 05 2.25 2505250 $40,000. Foresthill
37 12/10/96 02 175 1 18.00 $170,000.


CA 8.25 2 106990000505252 6815 E  91 $38,993.01 5/12/21 90 $196100
6/12/96 92807 299 03 2.25 2505252 $39,200. Anaheim
32 9/12/96 00 295 1 18.00 $261,500.







<PAGE>
CA 7.25 2 106990000505253 25881 Faircourt  91 $44,770.87 5/5/11 85 $347783
6/5/96 92653 179 05 2.75 2505253 $45,000. Laguna Hills
51 12/5/96 06 175 1 18.00 $465,000.

CA 8.25 2 106990000505258 7290 E Drake 91 $19,879.97 5/6/21 89 $195900
6/6/96 92807 299 03 2.75 2505258 $24,000. Anaheim Hills
48 9/6/96 06 295 1 18.00 $249,000.


CA 7.25 2 106990000505259 1414 Jamison CT 91 $9,911.58 4/16/21 81 $111000
5/16/96 92114 299 05 1.50 2505259 $10,000. San Diego
50 11/17/96 02 294 1 18.00 $150,000.

CA 8.25 2 106990000505262 8 Champlain 91 $44,259.8 5/17/21 90 $274000
6/17/96 92720 299 05 3.25 2505262 $50,000. Irvine
47 9/17/96 02 295 1 18.00 $362,000.


CA 8.25 1 106990000505264 409 Findlay AVE 81 $21,096.69 5/17/21 23 $0
6/17/96 90640 299 05 0.50 2505264 $35,000. Montebello
36 9/17/96 06 295 1 18.00 $152,500.

CA 11. 2 106990000505265 30130 Avenida  91 $48,945.73 5/12/11 90 $1066065
6/12/96 90275 179 05 2.75 2505265 $50,000. Rancho Palos
45 9/12/96 06 175 1 18.00 $1,250,000.


UT 7.25 2 149990000505268 1410 W 975 S 80 $35,203.11 5/7/11 78 $64666
6/7/96 84015 179 05 1.00 2505268 $35,000. Clearfield
34 12/7/96 02 175 1 18.00 $129,000.

VA 11. 2 151990000505269 15572 Lake  91 $49,879.24 5/17/21 89 $387361
5/17/96 22094 300 03 2.75 2505269 $99,000. Reston
43 8/17/96 06 295 1 18.00 $548,500.


CA 9.25 2 106990000505270 21 Joan AVE 81 $49,708.35 6/13/21 77 $151500
6/13/96 94947 300 05 1.00 2505270 $50,000. Novato
50 9/13/96 06 296 1 18.00 $265,000.

CA 12. 2 106990000505271 526 Orchid CT 91 $28,978.02 6/13/11 95 $168000
6/13/96 94510 180 05 3.75 2505271 $31,500. Benicia
36 9/13/96 06 176 1 18.00 $210,000.



<PAGE>
CA 11.5 2 106990000505272 9464 Konocti ST 91 $9,697.65 6/15/11 95 $104924
6/15/96 91730 180 05 3.25 2505272 $22,300. Rancho
35 9/15/96 06 176 1 18.00 $134,000.






CA 10.5 2 106990000505274 4671 Albany CIR 90 $23,456.28 6/12/11 90 $117750
6/12/96 95129 180 01 2.25 2505274 $23,550. San Jose
40 9/12/96 00 176 1 18.00 $157,000.

CA 10.5 2 106990000505275 5317 Eggers DR 91 $44,595.91 6/13/21 90 $207000
6/13/96 94536 300 05 2.25 2505275 $45,000. Fremont
38 9/13/96 01 296 1 18.00 $280,000.


CA 12. 2 106990000505276 2311 Schader DR 92 $29,200. 6/17/11 100 $262800
6/17/96 90403 180 01 3.75 2505276 $29,200. Santa Monica
46 0 01 176 1 18.00 $292,000.

CA 11. 2 106990000505277 18325 Clifftop  91 $58,148.72 6/18/21 88 $468000
6/18/96 90265 300 05 2.75 2505277 $58,500. Malibu Area
32 9/18/96 00 296 1 18.00 $600,000.


CA 7.25 2 106990000505293 4843 Burgrove  90 $46,000. 4/29/11 90 $368000
5/29/96 91011 179 05 2.25 2505293 $46,000. La
34 11/29/96 06 174 1 18.00 $460,000.

CA 10.5 2 106990000505301 822 Via Arroyo 91 $32,342.56 7/1/21 90 $163500
6/12/96 93003 300 05 2.25 2505301 $32,700. Ventura
38 9/12/96 00 297 1 18.00 $218,000.


OR 8.75 2 141990000505305 17100 S  81 $45,411.73 7/1/21 65 $174844
6/10/96 97045 300 05 0.50 2505305 $50,000. Oregon City
42 9/10/96 06 297 1 18.00 $350,000.

MI 7.25 2 126990000505306 5103 Pointe  90 $23,800.58 6/27/11 90 $120000
6/27/96 48001 180 05 3.00 2505306 $24,000. Algonac
25 12/27/96 02 176 1 18.00 $160,000.



<PAGE>
CA 7.25 2 106990000505307 502 S  91 $110,067.9 5/12/21 90 $650000
6/12/96 90277 299 05 2.75 2505307 $110,500. REDONDO
35 12/12/96 00 295 1 18.00 $845,000.

CA 12. 2 106990000505310 309 Almond CT 90 $38,000. 6/19/11 95 $193800
6/19/96 94583 180 05 3.75 2505310 $38,000. San Ramon
32 9/19/96 01 176 1 18.00 $244,000.


IL 8.75 2 117990000505312 4123 W Maypole  81 $34,803.13 7/1/21 75 $54259
6/14/96 60624 300 10 0.50 2505312 $35,000. Chicago
42 9/14/96 06 297 1 18.00 $120,000.






MO 9. 2 129990000505313 4 Hunters GLN 81 $43,338.01 7/1/21 66 $201633
6/11/96 65686 300 05 0.75 2505313 $100,000. Kimberling City
28 9/11/96 06 297 1 18.00 $463,500.

WA 10.25 2 153990000505315 19820 100th  91 $25,799.07 7/1/21 90 $129750
6/13/96 98011 300 05 2.00 2505315 $25,950. Bothell
29 9/13/96 03 297 1 18.00 $173,000.


PA 7.25 2 142990000505316 433 W Fourth ST 81 $25,000. 4/28/21 51 $58209
5/28/96 18644 299 05 0.50 2505316 $25,000. West Wyoming
40 11/28/96 06 294 1 18.00 $165,500.

VA 8.75 2 151990000505317 31780  81 $34,308.49 7/1/21 80 $59651
6/11/96 22508 300 05 0.50 2505317 $40,300. Locust Grove
35 9/11/96 06 297 1 18.00 $125,000.


CO 12.5 2 108990000505318 460 N Limit Street 91 $49,314.69 7/1/11 95 $186750
6/13/96 80904 180 10 4.25 2505318 $49,800. Colorado Springs
31 9/13/96 06 177 1 18.00 $249,000.

GA 8.25 2 113990000505319 1680 Pinehaven  91 $27,164. 5/30/11 90 $138750
5/31/96 30221 179 05 2.75 2505319 $27,750. Grayson
25 8/31/96 02 176 1 18.00 $185,000.



<PAGE>
NM 8.75 2 135990000505320 11716 Woodmar  81 $22,866.22 7/1/21 79 $207000
6/17/96 87111 300 03 0.50 2505320 $50,000. Albuquerque
37 9/17/96 00 297 1 18.00 $326,000.

CA 7.25 2 106990000505322 1223 Rosebriar  91 $55,784.82 4/17/21 87 $169393
5/17/96 95131 299 05 3.25 2505322 $56,000. San Jose
49 11/17/96 02 294 1 18.00 $260,000.


GA 10.5 2 113990000505323 411 Rothwell ST 91 $14,908.48 7/1/21 89 $40000
6/11/96 31322 300 05 2.25 2505323 $15,000. Pooler
44 9/11/96 06 297 1 18.00 $62,000.

OR 10.5 2 141990000505324 4224 SE Bybee  91 $24,889.73 7/1/21 83 $56079
6/7/96 97206 300 05 2.25 2505324 $25,000. Portland
32 9/7/96 06 297 1 18.00 $98,000.


MI 7.25 2 126990000505327 1553 Grandview 90 $27,000. 6/27/11 90 $138750
6/27/96 48306 180 05 3.25 2505327 $27,000. Rochester Hills
39 12/26/96 06 176 1 18.00 $185,000.






FL 7.25 2 112990000505328 332 NW 45th ST 91 $18,053.12 5/24/11 95 $58304
6/24/96 33309 179 05 4.25 2505328 $24,500. Fort Lauderdale
47 12/24/96 06 175 1 18.00 $87,500.

UT 12. 2 149990000505329 5554 S Edgeberry  91 $35,542.05 7/1/11 95 $130479
6/14/96 84123 180 05 3.75 2505329 $35,750. Murray
39 9/14/96 02 177 1 18.00 $175,000.


AZ 7.25 2 104990000505330 1380 W Center ST 81 $5,097.02 5/17/21 80 $72000
6/17/96 86323 299 05 0.50 2505330 $28,000. Chino Valley
39 12/17/96 06 295 1 18.00 $125,000.

CA 7.25 2 106990000505331 1647 N Beverly  91 $30,781.27 4/23/21 90 $247200
5/23/96 90077 299 05 2.75 2505331 $30,900. Los Angeles
46 11/23/96 00 294 1 18.00 $309,000.



<PAGE>
CO 8.25 2 108990000505333 5726 Jack PL 91 $13,863.78 5/11/11 87 $190000
6/11/96 80126 179 03 2.25 2505333 $27,000. Highlands Ranch
40 9/11/96 06 175 1 18.00 $250,000.

CO 11. 2 106990000505334 1227 Orchard RD 91 $17,986.98 7/1/21 85 $84000
6/17/96 81401 300 05 2.75 2505334 $18,000. Montrose
36 9/17/96 06 297 1 18.00 $120,000.


CA 11.5 2 106990000505335 217 Devonshire  91 $50,250. 6/22/21 90 $251250
6/22/96 94523 300 05 3.25 2505335 $50,250. Pleasant Hill
43 9/22/96 00 296 1 18.00 $335,000.

CA 10.5 2 106990000505339 274 Silver Eagle  91 $34,331.86 7/1/21 90 $172500
6/4/96 95688 300 05 2.25 2505339 $34,500. Vacaville
38 9/4/96 00 297 1 18.00 $230,000.


CA 11. 2 106990000505342 4611 Ethel AVE 91 $34,838.44 4/16/21 90 $284000
5/16/96 91423 299 05 2.75 2505342 $35,000. Sherman Oaks
45 8/16/96 03 294 1 18.00 $355,000.

CA 9.25 2 106990000505343 6053 TRINIDAD  81 $7,437.3 5/23/21 72 $187422
5/23/96 90630 300 05 1.00 2505343 $17,500. CYPRESS
50 8/23/96 06 295 1 18.00 $285,000.


CA 8.25 2 106990000505346 3256 LOMA  81 $46,721.97 6/14/21 80 $82000
6/14/96 91935 300 05 1.25 2505346 $150,000. JAMUL
22 9/14/96 06 296 1 18.00 $290,000.






GA 10.5 2 113990000505349 7555 Brookstead  91 $9,251.29 6/2/11 90 $182650
6/3/96 30155 179 03 2.25 2505349 $22,000. Duluth
37 9/3/96 06 176 1 18.00 $228,365.

PA 12. 2 142990000505350 111 Magnolia PL 91 $29,498.31 3/30/11 95 $111000
4/30/96 19454 179 05 3.75 2505350 $29,600. North Wales
26 0 02 174 1 18.00 $148,000.



<PAGE>
CA 8.75 2 106990000505351 670 HARBOR ST 81 $24,898.41 5/7/21 59 $207000
6/7/96 90291 299 01 0.50 2505351 $25,000. MARINA DEL
48 9/8/96 00 295 1 18.00 $395,000.

CA 7.25 2 106990000505352 6370 Maryland  91 $40,344.38 4/17/21 90 $324000
5/17/96 90048 299 05 2.25 2505352 $40,500. Los Angeles
37 11/17/96 00 294 1 18.00 $405,000.


FL 8.25 2 112990000505353 1317 Oxmoor CT 91 $13,847.4 4/15/21 90 $111099
5/15/96 33594 299 05 2.25 2505353 $13,900. Valrico
19 11/15/96 06 294 1 18.00 $139,000.

CA 12. 2 106990000505357 15377 Longbow  91 $100,000. 5/29/11 97 $341250
5/29/96 91403 180 05 3.75 2505357 $100,000. Sherman Oaks
41 0 06 175 1 18.00 $455,000.


UT 8.25 2 149990000505358 6143 S Crystal  91 $49,574.05 6/27/21 88 $83550
6/27/96 84123 300 05 3.25 2505358 $50,000. Murray
48 9/27/96 02 296 1 18.00 $152,500.

CA 7.25 2 106990000505359 4919 Beloit AVE 91 $43,499.23 5/18/11 83 $310000
6/18/96 90230 179 05 2.25 2505359 $43,800. Culver City
36 12/18/96 03 175 1 18.00 $430,000.


CA 11. 2 106990000505362 2565 Fairfield PL 91 $70,183.79 7/1/21 90 $564000
6/4/96 91108 300 05 2.75 2505362 $70,500. San Marino
41 9/4/96 00 297 1 18.00 $705,000.

FL 7.25 1 112990000505363 3330  81 $32,904.33 6/17/21 26 $0
6/17/96 33178 300 01 1.00 2505363 $35,000. Miami
31 12/17/96 06 296 1 18.00 $135,000.


CA 7.25 2 106990000505364 521 N  91 $65,846.01 4/17/21 90 $528800
5/17/96 90004 299 05 2.75 2505364 $66,100. LOS ANGELES
43 11/17/96 00 294 1 18.00 $661,000.







<PAGE>
MD 8.25 2 124990000505365 5915 Namakagan  91 $29,787.12 5/31/21 90 $241600
5/31/96 20816 300 05 2.25 2505365 $30,200. Bethesda
36 8/31/96 00 296 1 18.00 $302,000.

MI 7.25 2 126990000505366 17242 Martingale  90 $13,627.04 6/28/11 90 $119000
6/28/96 48038 180 05 3.25 2505366 $17,800. Clinton Township
48 12/28/96 06 176 1 18.00 $152,000.


UT 7.25 2 149990000505370 2112 N 1300 W 91 $24,624.41 5/12/11 90 $67000
6/12/96 84015 179 05 3.25 2505370 $24,800. Clinton
36 12/12/96 02 175 1 18.00 $102,000.

CA 7.25 2 106990000505375 1231 FOURTH  91 $21,915.46 4/17/21 88 $175000
5/17/96 93065 299 05 2.25 2505375 $22,000. SIMI VALLEY
40 11/17/96 06 294 1 18.00 $225,000.


CA 9.25 2 106990000505376 15051 Vali Hai  81 $84,183.08 7/1/21 75 $92314
6/11/96 92064 300 05 1.00 2505376 $150,000. Poway
43 9/11/96 03 297 1 18.00 $325,000.

MI 7.25 2 126990000505377 18105 Meridian 90 $53,372.75 6/28/11 90 $148000
6/28/96 48138 180 05 3.25 2505377 $53,600. Grosse Ile
34 12/28/96 02 176 1 18.00 $224,000.


CA 9. 2 106990000505379 1001 Smith Road 81 $95,918.85 7/1/21 61 $800343
6/17/96 94941 300 05 0.75 2505379 $100,000. Mill Valley
28 9/17/96 06 297 1 18.00 $1,500,000.

CA 7.25 2 106990000505380 7179 Circle DR 90 $16,865.87 5/14/11 95 $150218
6/14/96 94928 179 05 3.75 2505380 $16,950. Rohnert Park
41 12/14/96 06 175 1 18.00 $176,000.


WA 10.5 2 153990000505381 12010 269th Way  91 $32,777.19 7/1/21 82 $191044
6/10/96 98019 300 05 2.25 2505381 $45,000. Duvall
38 9/10/96 06 297 1 18.00 $290,000.

MI 7.25 2 126990000505383 5550 Apple  90 $37,316.01 6/28/11 90 $187500
6/28/96 48322 180 05 3.25 2505383 $37,500. West Bloomfield
42 12/28/96 06 176 1 18.00 $250,000.



<PAGE>
FL 11.5 2 112990000505385 3006 Avalon  91 $25,000. 7/1/11 96 $106826
6/14/96 33594 180 05 3.25 2505385 $25,000. Valrico
46 0 06 177 1 18.00 $138,000.






CA 12. 2 106990000505387 141 Sheepranch  91 $33,300. 7/1/11 95 $104352
6/12/96 95224 180 05 3.75 2505387 $33,300. Avery
34 9/12/96 06 177 1 18.00 $145,000.

NM 7.25 1 135990000505391 2309 Via Cadiz  81 $44,000. 5/6/11 31 $0
6/6/96 87104 179 05 1.75 2505391 $100,000. Albuquerque
17 12/6/96 06 175 1 18.00 $325,000.


CO 10.5 2 108990000505392 6305 Sunshine  91 $7,585.57 5/14/21 90 $253600
6/14/96 80302 299 05 2.25 2505392 $33,000. Boulder
36 9/14/96 06 295 1 18.00 $321,000.

CA 8.75 2 106990000505394 291 Blossom  91 $22,201.51 7/1/21 81 $271000
6/10/96 95032 300 05 0.50 2505394 $49,900. Los Gatos
32 9/10/96 06 297 1 18.00 $400,000.


CA 10.5 2 106990000505395 2769 Parkview  91 $11,586.13 5/28/21 84 $201000
6/28/96 91362 299 05 2.25 2505395 $38,000. Thousand Oaks
42 9/28/96 00 295 1 18.00 $287,000.

CA 10.5 2 106990000505396 3775 St. Peter CT 91 $35,935.88 6/21/21 84 $156549
6/21/96 94518 300 05 2.25 2505396 $40,000. Concord
44 9/21/96 02 296 1 18.00 $235,000.


CA 11. 2 106990000505397 448 Fair Hills DR 91 $66,647.57 5/28/11 90 $814000
6/28/96 94901 179 05 2.75 2505397 $86,000. San Rafael
45 9/28/96 06 175 1 18.00 $1,000,000.

CA 10.5 2 106990000505399 22681 Crespi ST 91 $44,797.38 5/25/21 81 $154351
6/25/96 91364 299 05 2.25 2505399 $46,000. Woodland Hills
43 9/25/96 03 295 1 18.00 $250,000.



<PAGE>
FL 8.5 1 112990000505400 10140 NW 6th ST 81 $24,951.59 5/28/21 25 $0
6/28/96 33026 299 03 0.25 2505400 $30,000. Pembroke Pines
29 9/28/96 06 295 1 18.00 $120,000.

WA 7.25 2 153990000505413 3000 24th ST 81 $24,896.9 5/29/21 80 $119000
5/29/96 99403 300 05 1.00 2505413 $25,000. Clarkston
34 11/29/96 01 295 1 18.00 $180,000.


UT 7.25 2 149990000505428 6290 N Mountain  81 $25,656.64 5/5/21 76 $82621
6/5/96 84098 299 05 0.50 2505428 $50,000. Park City
34 12/5/96 02 295 1 18.00 $175,000.






CA 12.5 2 106990000505431 120 Simmons  92 $56,000. 5/13/11 100 $218748
6/13/96 95630 179 05 4.25 2505431 $56,000. Folsom
40 0 06 175 1 18.00 $275,000.

IL 10.25 2 117990000505432 5649 S Nashville  91 $19,983.43 7/1/21 90 $96855
6/13/96 60638 300 05 2.00 2505432 $20,000. Chicago
30 9/13/96 06 297 1 18.00 $130,000.


CA 7.25 2 106990000505433 11520 Odessa  81 $60,000. 4/21/21 63 $103000
5/21/96 91344 299 05 1.50 2505433 $60,000. Los Angeles
46 11/21/96 06 294 1 18.00 $260,000.

CO 9.75 2 108990000505438 3459 W 29th AVE 81 $13,000. 5/14/21 74 $102000
6/14/96 80211 299 05 1.50 2505438 $13,000. Denver
40 9/14/96 06 295 1 18.00 $157,000.


MI 7.25 2 126990000505439 1220 Scout AVE 90 $16,916.08 6/28/11 87 $362480
6/28/96 48360 180 05 3.25 2505439 $35,000. Lake Orion
32 12/28/96 06 176 1 18.00 $457,000.

ID 7.25 2 116990000505440 3579 N Patton ST 91 $7,529.47 4/15/21 89 $73500
5/15/96 83704 299 05 2.75 2505440 $13,700. Boise
23 11/15/96 06 294 1 18.00 $98,000.



<PAGE>
CO 12. 2 108990000505442 17508 E Jefferson  91 $6,675.99 5/13/11 97 $137600
6/13/96 80013 179 05 3.75 2505442 $16,000. Aurora
35 0 06 175 1 18.00 $159,000.

MD 10.75 2 124990000505443 13135 Isle Of  91 $84,005.32 5/15/21 89 $400000
5/15/96 20777 300 03 2.50 2505443 $84,200. Highland
29 8/15/96 00 295 1 18.00 $546,000.


MI 7.25 2 126990000505444 210 Abbey 90 $75,348.59 6/29/11 84 $240000
6/29/96 48009 180 05 3.25 2505444 $100,000. Birmingham
46 12/29/96 06 176 1 18.00 $406,000.

CA 10.5 2 106990000505445 180 Stirrup Court 91 $17,900.55 7/1/21 90 $93350
6/17/96 95632 300 05 2.25 2505445 $18,700. Galt
34 9/17/96 06 297 1 18.00 $124,500.


FL 11. 2 112990000505446 7 W Palmetto  91 $10,894.79 7/1/21 90 $87640
6/11/96 33467 300 05 2.75 2505446 $11,000. Lake Worth
38 9/11/96 06 297 1 18.00 $110,000.






MI 7.25 2 126990000505450 740 University 90 $24,922.88 7/1/11 95 $123000
7/1/96 48230 180 05 4.25 2505450 $25,200. Grosse Pointe
38 1/1/97 06 177 1 18.00 $156,000.

CA 7.25 2 106990000505451 56 AMESTI RD 91 $45,823.25 4/23/11 90 $170000
5/23/96 95076 179 05 2.25 2505451 $46,000. WATSONVILLE
33 11/24/96 06 174 1 18.00 $240,000.


CA 8.75 2 106990000505454 4928 Wendy Lane 81 $21,034.24 7/1/21 79 $127323
6/12/96 95451 300 05 0.50 2505454 $21,200. Kelseyville
41 9/12/96 06 297 1 18.00 $190,000.

MN 11.5 2 127990000505457 14256 88th Place  91 $46,735.06 7/1/21 90 $194000
6/13/96 55369 300 05 3.25 2505457 $47,000. Maple Grove
37 9/13/96 02 297 1 18.00 $270,000.



<PAGE>
CA 7.25 2 106990000505458 31 FOXBORO 91 $55,784.82 4/23/21 90 $448000
5/23/96 92714 299 03 2.75 2505458 $56,000. IRVINE
28 11/23/96 00 294 1 18.00 $560,000.

GA 10.5 2 113990000505459 407 Mount  91 $39,805.41 6/13/11 89 $207000
6/14/96 30269 179 03 2.25 2505459 $40,000. Peachtree City
41 9/14/96 00 176 1 18.00 $280,000.


OR 11. 2 141990000505461 8855 SW  91 $25,930.14 4/16/21 90 $176250
5/16/96 97225 299 05 2.75 2505461 $35,250. PORTLAND
46 8/16/96 06 294 1 18.00 $235,000.

WA 11.5 2 153990000505462 5515 Windmere  92 $23,719.86 6/1/11 100 $116102
5/31/96 98501 180 05 3.25 2505462 $23,800. Olympia
31 0 06 176 1 18.00 $140,000.


CA 9.75 2 106990000505465 500 Liberty Road 81 $94,850.49 7/1/21 39 $60000
6/12/96 94952 300 05 1.50 2505465 $95,000. Petaluma
44 9/12/96 06 297 1 18.00 $400,000.

CA 7.25 2 106990000505473 11730 EL  91 $35,020.85 4/29/21 90 $304000
5/29/96 91604 299 05 2.75 2505473 $38,000. STUDIO CITY
47 11/29/96 06 294 1 18.00 $380,000.


UT 11. 2 149990000505481 1285 Morning  91 $27,725.31 5/25/21 90 $119202
6/25/96 84123 299 05 2.75 2505481 $28,000. Murray
36 9/25/96 02 295 1 18.00 $165,000.






CA 11. 2 106990000505488 1118 Santiago DR 91 $71,290.71 5/24/21 90 $576000
6/24/96 92660 299 03 2.75 2505488 $72,000. Newport Beach
28 9/24/96 00 295 1 18.00 $720,000.

GA 11.5 2 113990000505490 130  91 $14,964.8 7/1/21 96 $114050
6/12/96 30075 300 09 3.25 2505490 $15,000. Roswell
36 0 06 297 1 18.00 $135,000.



<PAGE>
CA 7.25 2 106990000505495 3005 Lincoln  91 $58,923.15 5/29/11 91 $186578
5/29/96 94501 180 05 3.75 2505495 $59,250. Alameda
47 11/29/96 02 175 1 18.00 $273,000.

CO 10.25 2 108990000505497 1175 Vine 91 $12,919.47 5/17/21 90 $67500
6/17/96 80206 299 01 2.00 2505497 $13,000. Denver
30 9/17/96 06 295 1 18.00 $90,000.


FL 12. 2 112990000505499 1535 HARBOR  91 $43,899.92 7/1/11 95 $165000
7/1/96 34236 180 05 3.75 2505499 $44,000. SARASOTA
44 0 02 177 1 18.00 $220,000.

CA 10.75 2 106990000505500 220 Sherman  91 $49,117.58 5/12/21 89 $460000
6/12/96 90291 299 05 2.50 2505500 $50,000. Venice
32 0 02 295 1 18.00 $575,000.


CA 7.25 2 106990000505501 2612 Durango LN 91 $36,701.81 5/28/21 89 $202500
6/28/96 94583 299 03 2.75 2505501 $37,000. San Ramon
48 12/28/96 01 295 1 18.00 $270,000.

CA 11. 2 106990000505502 20322 E Randall  91 $45,566.24 5/24/21 90 $368000
6/24/96 92669 299 05 2.75 2505502 $46,000. Orange (area)
30 9/24/96 00 295 1 18.00 $460,000.


CO 8.75 2 108990000505504 12275 Monaco  81 $20,869.91 5/17/21 80 $66437
6/17/96 80601 299 05 0.50 2505504 $21,000. Brighton
41 9/17/96 06 295 1 18.00 $110,000.

WA 12. 2 153990000505505 17007 10th  92 $23,000. 7/11/11 100 $91689
6/6/96 98387 181 05 3.75 2505505 $23,000. Spanaway
48 0 02 177 1 18.00 $115,000.


MD 7.25 2 124990000505508 3435 Woodridge  91 $56,498.88 6/18/21 90 $87000
6/13/96 20676 300 03 3.25 2505508 $56,800. Port Republic
36 12/13/96 06 296 1 18.00 $160,000.







<PAGE>
CA 10.5 2 106990000505511 1823 Manning  91 $32,887.84 5/9/21 90 $264000
5/9/96 90025 300 05 2.25 2505511 $33,000. Los Angeles
28 8/9/96 01 295 1 18.00 $330,000.

GA 7.25 2 113990000505519 3140 Crestmount  81 $19,901.85 5/12/21 80 $144000
6/12/96 30144 299 05 0.50 2505519 $20,000. Kennesaw
44 12/12/96 06 295 1 18.00 $205,000.


CO 8.75 2 108990000505530 10030 Mossmill  81 $39,452.28 4/23/21 80 $198328
5/23/96 80920 299 05 0.50 2505530 $40,000. Colorado Springs
44 8/23/96 06 294 1 18.00 $300,000.

CO 11.5 1 108990000505534 2707 Ute DR 91 $99,593.68 4/30/21 84 $0
5/31/96 80907 299 05 3.25 2505534 $100,000. Colorado Springs
49 8/31/96 06 295 1 18.00 $120,000.


WA 12. 2 153990000505535 22625 1st DR SE 91 $27,910.25 5/12/11 95 $150400
6/12/96 98021 179 05 3.75 2505535 $28,200. Bothell
43 9/12/96 06 175 1 18.00 $188,000.

WA 11. 2 153990000505537 1595 SW  91 $13,357.18 6/17/21 91 $111317
6/12/96 98366 300 05 2.75 2505537 $16,500. Port Orchard
45 0 02 296 1 18.00 $142,000.


UT 7.25 2 149990000505541 891 E Avila DR 91 $30,771.87 5/14/21 90 $102000
6/14/96 84094 299 05 2.25 2505541 $36,600. Sandy
45 12/14/96 06 295 1 18.00 $154,000.

WA 10.5 2 153990000505548 1822 Highland  91 $26,591.42 7/8/11 90 $132535
6/5/96 98372 181 05 2.25 2505548 $30,000. Puyallup
35 0 03 177 1 18.00 $181,000.


CA 10.5 2 106990000505550 735 N Holliston  91 $27,206.92 5/26/21 90 $137250
6/26/96 91104 299 05 2.25 2505550 $27,450. Pasadena
37 9/26/96 00 295 1 18.00 $183,000.

UT 6.99 2 149990000505551 209 Millcreek  81 $49,104.5 6/1/21 71 $30563
7/1/96 84074 299 05 1.00 2505551 $50,000. Tooele
44 10/1/96 06 296 1 18.00 $115,000.



<PAGE>
UT 7.25 2 149990000505552 6136 W Rishel  91 $8,163.64 5/28/21 90 $91855
6/28/96 84120 299 05 2.25 2505552 $13,800. West Valley City
32 12/28/96 06 295 1 18.00 $117,500.






FL 7.25 2 112990000505553 15605 Cassandra  81 $21,443.46 5/20/21 65 $60927
6/20/96 33624 299 05 0.25 2505553 $25,000. Tampa
30 12/20/96 06 295 1 18.00 $132,500.

UT 8.75 2 149990000505554 1559 W  81 $21,065.58 5/27/21 67 $23028
6/27/96 84123 299 05 0.50 2505554 $70,000. Salt Lake City
26 9/27/96 06 295 1 18.00 $140,000.


MA 7.25 2 125990000505555 115 Macarthur RD 81 $8,506.07 7/5/21 78 $140000
7/5/96 02180 300 05 0.25 2505555 $30,000. Stoneham
20 1/5/97 06 297 1 18.00 $220,000.

CA 8.75 2 106990000505559 543 Santa Victoria 81 $14,715.44 7/1/21 69 $207000
6/11/96 92075 300 05 0.50 2505559 $50,000. Solana Beach
42 9/11/96 06 297 1 18.00 $375,000.


OR 8.5 2 141990000505578 681 Berry ST 81 $30,753.43 7/1/21 80 $50322
6/13/96 97385 300 05 0.25 2505578 $41,000. Sublimity
27 9/13/96 02 297 1 18.00 $115,000.

CA 7.25 2 106990000505580 526 Western DR 91 $31,976.66 5/10/21 90 $160500
6/10/96 95060 299 05 3.25 2505580 $32,100. Santa Cruz
41 12/10/96 00 295 1 18.00 $214,000.


AZ 12. 2 104990000505583 1845 Marble  91 $14,915.37 7/1/11 93 $160060
6/12/96 86442 180 05 3.75 2505583 $15,000. Bullhead City
37 9/12/96 02 177 1 18.00 $189,000.

OR 11.5 2 141990000505584 64 Touchstone  81 $75,046.32 5/10/21 75 $86589
6/10/96 97035 299 05 3.25 2505584 $75,500. Lake Oswego
44 9/10/96 02 295 1 18.00 $217,000.



<PAGE>
WY 11.5 2 156990000505586 3701 Johnson ST 91 $39,990.68 7/1/11 99 $28000
6/17/96 82240 180 05 3.25 2505586 $40,000. Torrington
35 0 02 177 1 18.00 $68,800.

OR 7.25 2 141990000505588 14103 SW Fanno  91 $19,700. 5/7/11 90 $103526
6/7/96 97224 179 05 2.75 2505588 $19,700. Tigard
28 12/7/96 02 175 1 18.00 $138,000.


CA 11.5 2 106990000505589 23351 Hamlin ST 91 $16,897.58 5/10/11 90 $136000
6/10/96 91307 179 05 3.25 2505589 $17,000. ( West Hills
25 9/10/96 00 175 1 18.00 $170,000.






CA 8.75 1 106990000505590 9138 Turtle  81 $48,651.12 7/1/21 26 $0
6/18/96 95628 300 03 0.50 2505590 $50,000. Fair Oaks
26 9/18/96 06 297 1 18.00 $195,000.

DC 10.5 2 111990000505591 6430 6th ST NW 91 $22,875. 5/29/21 90 $114300
5/29/96 20012 300 05 2.25 2505591 $22,875. Washington
39 8/29/96 00 295 1 18.00 $152,500.


CA 11. 2 106990000505592 16108 Gallatin ST 91 $29,700. 3/25/21 90 $179408
4/25/96 92708 299 05 2.75 2505592 $29,700. Fountain Valley
40 7/25/96 06 293 1 18.00 $233,000.

VA 12. 2 151990000505596 4912 Gray Bark  91 $18,371.39 7/1/11 95 $133214
6/20/96 23150 180 05 3.75 2505596 $18,500. Sandston
35 9/20/96 03 177 1 18.00 $160,000.


NV 11. 2 132990000505597 1054 Linn LN 91 $17,148.36 7/1/21 90 $87000
6/11/96 89110 300 05 2.75 2505597 $17,300. Las Vegas
35 9/11/96 06 297 1 18.00 $116,000.

ID 7.25 2 116990000505599 409 Cottonwood  91 $9,961.57 4/15/11 93 $154431
5/15/96 83313 179 05 3.75 2505599 $10,000. Bellevue
43 11/15/96 06 174 1 18.00 $177,000.



<PAGE>
MD 9. 2 124990000505600 5133 Manning DR 81 $15,983.37 7/1/21 80 $137000
6/17/96 20814 300 05 0.75 2505600 $118,000. Bethesda
29 9/17/96 06 297 1 18.00 $320,000.

CA 8.25 2 106990000505601 1233 N Doheny  81 $149,640. 5/13/21 78 $727000
6/13/96 90069 299 05 1.75 2505601 $200,000. Los Angeles
45 9/13/96 06 295 1 18.00 $1,200,000.


CA 11. 2 106990000505602 8576 Highwood  91 $27,334.85 6/13/21 86 $187500
6/13/96 92119 300 05 2.75 2505602 $27,500. San Diego
46 9/13/96 06 296 1 18.00 $250,000.

CA 11.5 2 106990000505603 231 VIA SAN  91 $12,996.98 5/11/11 90 $161600
6/11/96 92672 179 05 3.25 2505603 $13,000. SAN CLEMENTE
45 0 06 175 1 18.00 $194,000.


CA 7.25 2 106990000505604 15295  81 $33,860.34 5/7/21 46 $207000
6/7/96 91351 299 05 1.00 2505604 $34,000. Canyon Country
42 12/7/96 00 295 1 18.00 $535,000.






GA 7.25 2 113990000505605 778  91 $27,395.64 7/22/11 95 $223853
7/9/96 30307 180 05 3.75 2505605 $27,800. ATLANTA
43 1/9/97 06 177 1 18.00 $265,000.

MD 10.25 2 124990000505611 421 Applegate CT 91 $33,706.31 3/29/21 90 $168750
4/29/96 21090 299 03 2.00 2505611 $33,750. Linthicum
25 7/29/96 06 293 1 18.00 $225,000.


CA 11.5 2 106990000505616 2147 Kenoma ST 91 $27,847.77 5/13/21 90 $142500
6/13/96 91740 299 05 3.25 2505616 $28,000. Glendora
45 9/13/96 06 295 1 18.00 $190,000.

WA 12. 2 106990000505617 8115 NE Seawind  91 $33,400. 5/4/11 95 $90098
6/4/96 98370 179 05 3.75 2505617 $33,400. Poulsbo
35 0 06 175 1 18.00 $130,000.



<PAGE>
FL 11.5 2 112990000505618 995 Pine Lake RD 91 $64,994.87 7/1/21 90 $327150
6/21/96 34689 300 03 3.25 2505618 $65,400. Tarpon Springs
39 9/21/96 00 297 1 18.00 $436,200.

NV 7.25 2 132990000505619 1340 Ritter 91 $13,710.33 6/19/21 90 $90000
6/14/96 89410 300 05 2.75 2505619 $18,000. Gardnerville
39 12/14/96 06 296 1 18.00 $120,000.


CA 7.25 2 106990000505620 3971La Lakeview  91 $4,745.51 6/18/21 84 $127900
6/18/96 95682 300 05 2.00 2505620 $10,000. Shingle Springs
28 12/18/96 06 296 1 18.00 $165,000.

CA 7.25 2 106990000505621 6 Autumn Hill LN 91 $14,963.21 6/20/21 85 $124500
6/20/96 92653 300 09 2.25 2505621 $15,000. Laguna Hills Area
43 12/20/96 06 296 1 18.00 $166,000.


WA 7.25 2 153990000505622 9908 NE 124th ST 91 $25,600.61 6/20/21 90 $59171
6/20/96 98033 300 01 2.25 2505622 $34,800. Kirkland
44 12/20/96 06 296 1 18.00 $104,500.

MD 10.25 2 124990000505623 1754 Laurance CT 91 $12,978.87 2/18/21 90 $113600
3/18/96 21114 299 09 2.00 2505623 $14,200. Crofton
21 6/18/96 06 292 1 18.00 $142,000.


FL 7.25 2 112990000505625 570 University  81 $16,853.21 5/13/21 80 $207000
6/13/96 33134 299 05 1.50 2505625 $17,000. Coral Gables
48 12/13/96 01 295 1 18.00 $280,000.






WA 11.5 2 153990000505626 2981 Harrison  91 $62,741.41 7/1/21 90 $207000
6/3/96 ****** 300 05 3.25 2505626 $63,000. Centralia
38 9/3/96 06 297 1 18.00 $300,000.

CA 12. 2 106990000505630 22263 Canones  91 $31,280.82 6/19/11 95 $168000
6/19/96 91350 180 05 3.75 2505630 $31,500. Saugus Area
36 9/19/96 01 176 1 18.00 $210,000.



<PAGE>
CO 9.25 2 108990000505632 350 Oakhurst LN 81 $11,434.64 5/18/11 37 $110000
6/18/96 80906 179 05 1.00 2505632 $19,000. Colorado Springs
50 9/18/96 06 175 1 18.00 $350,000.

GA 11. 2 113990000505633 1500 Jamestown  91 $9,002.61 6/19/21 86 $63000
6/19/96 30203 300 05 2.75 2505633 $11,000. Auburn
37 9/19/96 03 296 1 18.00 $87,000.


CA 7.25 2 106990000505634 6062 Huntley  91 $37,539.9 6/19/11 95 $175373
6/19/96 92645 180 05 3.25 2505634 $37,800. Garden Grove
36 12/19/96 01 176 1 18.00 $225,000.

CA 11.5 2 106990000505635 35251 Vista De  91 $17,000. 5/30/21 85 $308000
5/30/96 92624 300 03 3.25 2505635 $17,000. Dana Point
43 8/30/96 00 296 1 18.00 $385,000.


CA 12. 2 106990000505636 435 Agate ST 81 $63,600. 6/14/11 78 $466400
6/14/96 92651 180 05 3.75 2505636 $63,600. Laguna Beach
27 0 00 176 1 18.00 $688,000.

CA 11.5 2 106990000505637 2557 Orange AVE 92 $49,960.06 5/21/11 100 $169476
6/21/96 92627 179 01 3.25 2505637 $50,000. Costa Mesa
36 0 06 175 1 18.00 $220,000.


CA 8.5 2 106990000505638 2965 Greenwood  81 $28,000. 5/31/21 47 $128600
5/31/96 95549 300 05 0.25 2505638 $28,000. Kneeland
28 8/31/96 06 296 1 18.00 $335,000.

FL 6.99 2 112990000505640 13421 75th LN N 91 $22,994.61 6/29/21 90 $116250
7/1/96 33412 299 05 3.25 2505640 $23,250. Royal Palm Beach
38 10/1/96 02 296 1 18.00 $155,000.


MA 7.25 2 125990000505642 21 Bennett RD 81 $15,978.43 7/5/21 62 $112000
7/5/96 01945 300 05 0.25 2505642 $40,000. Marblehead
30 1/5/97 06 297 1 18.00 $248,000.







<PAGE>
DC 10.25 2 111990000505645 3017 Park DR SE 91 $14,828.23 6/7/21 90 $150000
6/7/96 20020 300 05 2.00 2505645 $30,000. Washington
20 9/7/96 03 296 1 18.00 $200,000.

UT 7.25 2 149990000505646 266 S 400 E 81 $19,209.07 5/28/21 76 $60069
6/28/96 84037 299 05 0.25 2505646 $20,000. Kaysville
24 12/28/96 06 295 1 18.00 $106,500.


PA 7.25 2 142990000505647 3524 Welsh RD 81 $10,327. 3/26/21 74 $27514
4/26/96 19136 299 07 0.25 2505647 $12,100. Philadelphia
21 10/26/96 06 293 1 18.00 $54,000.

NV 10.75 2 132990000505648 NN Hilltop DR 91 $23,500. 6/3/21 90 $113300
6/6/96 89801 299 05 2.50 2505648 $23,500. Elko
28 0 06 296 1 18.00 $152,000.


CA 11. 2 106990000505649 5498 Myrtle AVE 91 $29,728.96 5/23/21 86 $85859
6/23/96 90805 299 05 2.75 2505649 $30,000. Long Beach
41 9/23/96 06 295 1 18.00 $135,000.

CA 12. 2 106990000505650 3085 Klondike  91 $24,947.26 5/25/11 98 $224390
6/25/96 92626 179 05 3.75 2505650 $25,000. Costa Mesa
37 0 06 175 1 18.00 $255,000.


CA 7.25 2 106990000505653 20 & 22 Thomas  91 $87,257.64 7/1/21 94 $103125
6/27/96 95076 300 05 4.25 2505653 $88,000. Watsonville
49 12/27/96 06 297 1 18.00 $205,000.

CO 7.25 2 108990000505654 1224 Warrior  91 $8,981.92 7/1/21 90 $92000
7/1/96 80026 300 01 2.00 2505654 $18,500. Lafayette
24 1/1/97 06 297 1 18.00 $123,000.


PA 7.25 2 142990000505657 1131 Dager RD 81 $8,455.69 4/10/21 59 $77944
5/10/96 18974 299 05 0.25 2505657 $10,000. Warminster
29 11/10/96 06 294 1 18.00 $150,000.

UT 11.5 2 149990000505662 3170 S 4060 W 92 $22,056.96 7/2/11 100 $53400
7/2/96 84120 180 05 3.25 2505662 $24,600. Salt Lake City
43 0 02 177 1 18.00 $78,000.



<PAGE>
VA 11. 2 151990000505663 1134 Towlston  91 $59,907.94 5/24/21 89 $380000
5/24/96 22066 300 05 2.75 2505663 $61,000. Great Falls
40 8/24/96 06 295 1 18.00 $500,000.






CA 7.25 2 106990000505664 595 N Eden AVE 91 $36,989.19 6/17/11 90 $191000
6/17/96 94086 180 05 3.25 2505664 $38,000. Sunnyvale
50 12/17/96 02 176 1 18.00 $255,000.

CA 12. 2 106990000505665 2376 Whitechapel  91 $46,862.78 6/20/11 95 $252000
6/20/96 91362 180 05 3.75 2505665 $47,200. Thousand Oaks
40 9/20/96 00 176 1 18.00 $315,000.


CA 7.25 2 106990000505667 19751 Quiet Bay  91 $42,696.39 6/25/21 90 $350000
6/25/96 92648 300 05 2.25 2505667 $44,000. Huntington Beach
48 12/25/96 00 296 1 18.00 $439,900.

CA 7.25 2 106990000505668 13250 Old  81 $178,764.01 6/21/21 53 $207000
6/21/96 93012 300 03 1.00 2505668 $180,000. Camarillo Area
52 12/21/96 00 296 1 18.00 $740,000.


CA 11.5 2 106990000505669 30146 Avenida  91 $65,528.18 6/20/21 90 $528000
6/20/96 90275 300 05 3.25 2505669 $66,000. Rancho Palos
33 9/20/96 00 296 1 18.00 $660,000.

CA 7.25 2 106990000505670 8436 Harold  81 $96,325.82 6/20/21 79 $317557
6/20/96 90069 300 05 0.75 2505670 $100,000. Los Angeles
25 12/20/96 06 296 1 18.00 $530,000.


CA 12.5 2 106990000505671 31 Enfilade AVE 91 $9,507.07 6/20/11 95 $187089
6/20/96 92610 180 05 4.25 2505671 $20,000. Foothill Ranch
50 9/20/96 06 176 1 18.00 $218,000.

CA 6.99 2 106990000505672 2317 Mar East  91 $73,926.06 6/11/21 90 $339654
7/11/96 94920 299 01 3.50 2505672 $74,000. Tiburon
30 10/11/96 03 296 1 18.00 $460,000.



<PAGE>
CA 11. 2 106990000505673 756 Hatten DR 91 $32,030.34 7/1/21 90 $161250
6/21/96 94550 300 05 2.75 2505673 $32,250. Livermore
45 9/21/96 06 297 1 18.00 $215,000.

NJ 12. 2 134990000505674 23 Beech RD 91 $25,561.01 6/2/11 93 $87368
7/2/96 07871 179 05 3.75 2505674 $26,000. Sparta
45 0 06 176 1 18.00 $122,000.


CA 7.25 2 106990000505675 219 Cliffwood DR 91 $38,781.43 6/25/11 95 $208000
6/25/96 93065 180 05 3.75 2505675 $38,900. Simi Valley
32 12/25/96 00 176 1 18.00 $259,900.






CA 11.5 2 106990000505688 821 Reid AVE 92 $19,129.75 7/1/11 100 $207000
6/12/96 94066 180 05 3.25 2505688 $25,000. San Bruno
36 0 06 177 1 18.00 $232,500.

CA 10.5 2 106990000505689 330 S Irving  90 $49,997.91 4/30/11 90 $669000
5/31/96 90020 179 05 2.25 2505689 $50,000. Los Angeles
31 9/1/96 01 175 1 18.00 $800,000.


CA 6.99 2 106990000505692 28652 Abantes PL 91 $39,750. 6/3/11 95 $212000
7/3/96 92677 179 03 3.25 2505692 $39,750. Laguna Niguel
33 10/3/96 00 176 1 18.00 $265,000.

CA 11. 2 106990000505694 14 Sunriver 91 $10,778.24 7/1/21 90 $350000
6/28/96 92714 300 03 2.75 2505694 $58,500. Irvine
29 9/28/96 03 297 1 18.00 $454,000.


NV 10.75 2 132990000505697 980 Brenda WAY 91 $25,000. 6/13/21 84 $140414
6/13/96 89704 300 05 2.50 2505697 $25,000. Carson City
46 9/13/96 02 296 1 18.00 $198,000.

IA 10.5 2 119990000505699 2058 210 ST 91 $7,665.51 7/1/21 89 $54350
6/13/96 51351 300 05 2.25 2505699 $10,000. Milford
32 9/13/96 00 297 1 18.00 $72,500.



<PAGE>
CA 10.5 2 106990000505702 7010 Lewis ST 91 $21,793.27 5/6/21 85 $164250
6/6/96 96142 299 05 2.25 2505702 $21,900. Tohoma
37 9/6/96 00 295 1 18.00 $219,000.

CA 8.5 2 106990000505703 1771 42nd AVE 81 $29,740.5 7/1/21 67 $135629
6/21/96 94122 300 07 0.25 2505703 $30,000. San Francisco
31 9/21/96 02 297 1 18.00 $250,000.


CO 7.25 2 108990000505704 1452 Ridgecrest  81 $29,315.01 7/3/11 58 $135090
7/3/96 80537 180 05 0.25 2505704 $30,000. Loveland
25 1/3/97 02 177 1 18.00 $289,500.

FL 12. 2 112990000505706 11403 SW 107th  91 $22,615.62 7/1/11 95 $112000
6/17/96 33176 180 05 3.75 2505706 $22,900. Miami
39 9/17/96 06 177 1 18.00 $142,000.


FL 7.25 2 112990000505708 13355 SW 74th  91 $99,471.14 5/31/21 90 $115000
6/14/96 33156 299 05 2.75 2505708 $100,000. Miami
38 12/14/96 06 296 1 18.00 $239,000.






CA 7.25 2 106990000505709 608 Hurlingham  90 $100,000. 5/5/11 84 $840000
6/5/96 94402 179 05 2.25 2505709 $100,000. San Mateo
31 12/6/96 00 175 1 18.00 $1,120,000.

CO 8.75 2 108990000505711 745 Golden ST 81 $36,345.42 7/1/21 80 $51387
6/20/96 80808 300 05 0.50 2505711 $36,600. Calhan
41 9/20/96 02 297 1 18.00 $110,000.


CA 9.75 2 106990000505712 7166 Palm AVE 81 $65,731.83 5/31/21 72 $235000
5/31/96 95628 300 05 1.50 2505712 $66,000. Fair Oaks
45 8/31/96 06 296 1 18.00 $423,000.

NH 11. 2 133990000505714 1 Balmorra RD 91 $17,890.43 7/1/21 90 $99850
6/19/96 03087 300 05 2.75 2505714 $30,000. Windham
42 9/19/96 02 297 1 18.00 $145,000.



<PAGE>
CA 11.5 2 106990000505715 424 Pala AVE 91 $54,611.62 6/14/21 88 $490000
6/14/96 94611 300 05 3.25 2505715 $55,000. Piedmont
44 9/14/96 01 296 1 18.00 $625,000.

CA 10.5 2 106990000505716 43647 Skye RD 91 $33,847.51 6/6/21 90 $272000
6/6/96 94539 300 03 2.25 2505716 $34,000. Fremont
33 9/6/96 00 296 1 18.00 $340,000.


WA 10.5 2 153990000505717 17707 SE 60th ST 91 $23,835.51 6/14/11 90 $191684
6/14/96 98006 180 05 2.25 2505717 $24,000. Bellevue
41 9/14/96 06 176 1 18.00 $240,000.

CT 9.25 2 109990000505723 44 Brace AVE 81 $9,877.79 7/1/21 71 $74326
6/19/96 06010 300 05 1.00 2505723 $10,000. Bristol
39 9/19/96 06 297 1 18.00 $119,000.


CO 8.75 2 108990000505724 70352 Highway  81 $32,764.18 7/1/21 80 $207000
6/21/96 81223 300 05 0.50 2505724 $33,000. Texas Creek
19 9/21/96 01 297 1 18.00 $300,000.

OR 10.25 1 141990000505725 332 N D ST 81 $67,505.11 7/1/21 72 $0
6/17/96 97477 300 05 2.00 2505725 $68,000. Springfield
50 9/17/96 02 297 1 18.00 $95,000.


VA 11.5 2 151990000505726 1309 Tulip Poplar  91 $45,793.71 6/7/21 90 $331984
6/7/96 22182 300 05 3.25 2505726 $46,000. Vienna
30 9/7/96 03 296 1 18.00 $420,000.






CA 9.5 1 106990000505727 5221 Glickman  81 $5,335.13 7/1/21 43 $0
6/17/96 91780 300 05 1.25 2505727 $70,000. Temple City
27 9/17/96 06 297 1 18.00 $166,000.

CA 11.5 2 106990000505729 3080 Chestnut ST 91 $12,497.09 7/1/11 98 $131142
6/18/96 92501 180 05 3.25 2505729 $12,500. Riverside
46 0 06 177 1 18.00 $147,000.



<PAGE>
DC 11. 2 111990000505732 5052 Loughboro  91 $88,536.74 5/21/21 80 $607200
5/21/96 20016 300 05 2.75 2505732 $88,800. Washington
10 8/22/96 01 295 1 18.00 $880,000.

CA 10.5 2 106990000505735 200 Santa Clara  91 $16,600. 6/17/21 85 $127500
6/17/96 94066 300 05 2.25 2505735 $17,000. San Bruno
42 9/17/96 00 296 1 18.00 $170,000.


MI 7.25 2 126990000505737 22595 W Main 90 $20,850.72 7/3/11 90 $98000
7/3/96 48005 180 05 3.25 2505737 $26,200. Armada
44 1/3/97 02 177 1 18.00 $138,000.

FL 7.25 2 112990000505742 325 9th AVE NE 91 $17,767.08 5/20/21 90 $138750
6/20/96 33701 299 05 2.00 2505742 $27,750. St. Petersburg
19 12/20/96 00 295 1 18.00 $185,000.


NY 7.25 2 136990000505743 71 Little Field  81 $17,410.7 5/13/21 71 $106470
6/13/96 10312 299 07 2.25 2505743 $17,500. Staten Island
41 12/13/96 02 295 1 18.00 $175,000.

CA 6.99 2 106990000505745 1551 Lakefield  91 $57,244.27 6/2/21 90 $462400
7/2/96 91362 299 05 3.25 2505745 $57,800. Thousand Oaks
50 10/2/96 00 296 1 18.00 $578,000.


MI 7.25 2 126990000505746 77045 McFadden 90 $26,896.03 7/3/11 90 $138000
7/3/96 48005 180 05 3.25 2505746 $27,600. Armada
28 1/3/97 06 177 1 18.00 $184,000.

CA 10.25 2 106990000505747 44 Via  81 $28,281.92 8/1/21 73 $311983
6/26/96 94133 301 05 2.00 2505747 $29,250. San Francisco
26 9/26/96 02 298 1 18.00 $470,000.


CA 7.25 2 106990000505749 1317 W 84th PL 91 $22,656.92 5/12/21 89 $105000
6/12/96 90044 299 05 2.75 2505749 $22,800. Los Angeles
41 12/12/96 01 295 1 18.00 $144,000.







<PAGE>
CA 7.25 2 106990000505750 27607 Bandra PL 91 $30,382.81 4/23/21 90 $244000
5/23/96 90274 299 05 2.25 2505750 $30,500. Rancho Palos
41 11/23/96 00 294 1 18.00 $305,000.

CA 7.25 2 106990000505751 301 Oak Canyon  91 $40,339.26 4/22/21 90 $202500
5/22/96 95630 299 05 2.75 2505751 $40,500. Folsom
43 11/22/96 00 294 1 18.00 $270,000.


WA 7.25 2 153990000505752 165 Llandwood  91 $17,389.7 5/11/21 90 $169500
6/11/96 99352 299 03 2.75 2505752 $33,900. Richland
41 12/11/96 06 295 1 18.00 $226,000.

CA 10.75 2 106990000505753 30351 Via Festivo 91 $83,000. 4/28/21 90 $520000
5/28/96 92675 299 05 2.50 2505753 $83,000. San Juan
41 8/28/96 00 294 1 18.00 $670,000.


CA 11.5 2 106990000505754 3817 Zoe ST 91 $29,796.21 5/18/21 90 $150350
6/18/96 92117 299 05 3.25 2505754 $30,000. San Diego
47 9/18/96 00 295 1 18.00 $200,500.

MA 10.5 2 125990000505756 14 Arrowhead RD 91 $5,432.56 5/18/21 90 $269920
6/18/96 01945 299 05 2.25 2505756 $33,740. Marblehead
39 9/18/96 00 295 1 18.00 $338,000.


CA 12. 2 106990000505759 4128 Gordon ST 92 $32,907.11 6/4/11 100 $142000
6/4/96 94555 180 05 3.75 2505759 $37,000. Fremont
50 0 02 176 1 18.00 $179,000.

MI 7.25 2 126990000505760 1971 Henbert 90 $4,933.29 6/10/11 88 $74200
6/10/96 48324 180 05 3.25 2505760 $10,000. West Bloomfield
36 12/10/96 06 176 1 18.00 $96,000.


KS 7.25 2 120990000505761 19175 W 159 ST 81 $8,374.84 7/26/11 65 $104630
6/21/96 66062 181 05 1.00 2505761 $50,000. Olathe
40 12/21/96 06 177 1 18.00 $241,000.

CA 10.5 2 106990000505762 7610 Hollister  91 $22,415.07 4/29/21 90 $112650
5/29/96 93117 299 01 2.25 2505762 $22,500. Goleta
44 8/29/96 00 294 1 18.00 $150,200.



<PAGE>
CA 8.5 2 106990000505764 5580 Paseo  81 $12,415.95 5/15/21 79 $177293
5/15/96 94566 300 05 0.25 2505764 $21,000. Pleasanton
21 8/15/96 06 295 1 18.00 $252,500.






CA 11. 2 106990000505768 5444 Estate  91 $83,197.35 5/17/21 90 $207000
6/17/96 92807 299 03 2.75 2505768 $83,700. Anaheim
41 9/17/96 06 295 1 18.00 $323,000.

CA 5.99 2 106990000505769 1075 Hudson  91 $27,441.76 7/1/21 90 $220800
8/1/96 94087 299 05 2.50 2505769 $27,600. Sunnyvale
37 11/1/96 00 297 1 18.00 $276,000.


CA 7.25 2 106990000505774 8 Minori 91 $36,857.83 4/23/21 88 $386400
5/23/96 92677 299 03 3.75 2505774 $37,000. Laguna Niguel
41 11/23/96 06 294 1 18.00 $483,000.

CA 7.25 2 106990000505776 131 Lawson RD 81 $70,540.64 6/24/21 64 $298101
6/19/96 94707 300 05 2.00 2505776 $71,000. Kensington
50 12/19/96 03 296 1 18.00 $585,000.


CA 7.25 2 106990000505778 957 16th ST 91 $54,200.91 5/17/11 90 $436000
6/17/96 90254 179 05 2.75 2505778 $54,500. Hermosa Beach
41 12/17/96 00 175 1 18.00 $545,000.

CO 12. 2 108990000505780 2345 Piros DR 91 $36,500.8 5/19/11 95 $74000
6/19/96 80915 179 05 3.75 2505780 $37,150. Colorado Springs
41 9/19/96 06 175 1 18.00 $117,000.


CA 7.25 2 106990000505786 35 Peter Coutts  91 $36,000. 5/4/21 90 $180000
6/4/96 94305 299 02 3.25 2505786 $36,000. Stanford
49 12/4/96 00 295 1 18.00 $240,000.

CA 7.25 2 106990000505787 121 W Palm AVE 91 $25,212.07 5/6/21 90 $202400
6/6/96 90245 299 05 2.25 2505787 $25,300. El Segundo
31 12/6/96 00 295 1 18.00 $253,000.



<PAGE>
CA 10. 2 106990000505789 2370  81 $64,560.3 6/17/11 74 $122060
6/17/96 94066 180 05 1.75 2505789 $65,000. San Bruno
45 9/17/96 02 176 1 18.00 $255,000.

NY 11. 2 136990000505798 2043 E 29th ST 91 $19,600. 5/17/21 84 $172500
6/17/96 11229 299 07 2.75 2505798 $20,000. Brooklyn
30 9/17/96 02 295 1 18.00 $230,000.


CA 11.5 2 106990000505800 9328 Foster RD 91 $47,720.8 5/13/21 90 $85000
6/13/96 90706 299 05 3.25 2505800 $48,000. Bellflower
48 9/13/96 06 295 1 18.00 $148,000.






ID 10.5 2 116990000505803 4120 W 17th S 91 $47,000. 6/3/21 85 $130000
6/3/96 83402 300 05 2.25 2505803 $47,000. Idaho Falls
41 9/3/96 06 296 1 18.00 $210,000.

MD 7.25 2 124990000505804 3505 Bay DR 91 $8,924.63 5/6/21 90 $133284
6/6/96 21220 299 05 3.25 2505804 $16,000. Baltimore
40 12/6/96 06 295 1 18.00 $167,000.


MI 7.25 2 126990000505805 25750 Cody LN 90 $33,000. 6/15/11 90 $264000
6/15/96 48374 180 05 3.25 2505805 $33,000. Novi
36 12/15/96 00 176 1 18.00 $330,000.

CA 11. 2 106990000505806 1385 Ivy CIR 91 $15,846.17 5/28/21 90 $79000
6/28/96 91719 299 05 2.75 2505806 $16,000. Corona
42 9/28/96 00 295 1 18.00 $105,575.


CA 11. 2 106990000505810 130 S Capitol  91 $24,526.38 6/17/21 90 $123750
6/17/96 95127 300 05 2.75 2505810 $24,700. San Jose
38 9/17/96 00 296 1 18.00 $165,000.

MA 8.5 2 125990000505814 16 Sandie LN 81 $6,842.68 6/27/21 79 $404000
6/27/96 01945 300 05 0.25 2505814 $50,000. Marblehead
28 9/27/96 06 296 1 18.00 $580,000.



<PAGE>
CA 7.25 2 106990000505815 495 Beresford  81 $87,300. 6/20/11 44 $165600
6/20/96 94061 180 05 3.75 2505815 $87,300. Redwood City
39 12/20/96 00 176 1 18.00 $582,000.

CA 9.5 2 106990000505819 19474 Victoria CT 81 $32,273.21 7/1/11 56 $147000
6/24/96 95476 180 05 1.25 2505819 $50,000. Sonoma
32 9/24/96 06 177 1 18.00 $355,000.


GA 6.99 2 113990000505822 310 Stevens  91 $35,282.55 6/27/11 90 $178900
6/28/96 30202 179 03 2.00 2505822 $35,550. Alpharetta
27 10/28/96 00 176 1 18.00 $239,149.

CA 11. 2 106990000505823 852 Heather WAY 91 $29,019.09 5/14/21 90 $146250
6/14/96 92009 299 09 2.75 2505823 $29,200. Carlsbad
42 9/14/96 00 295 1 18.00 $195,000.


NV 11.5 2 132990000505825 2605 Westview  91 $71,305.32 6/18/21 90 $202649
6/18/96 89434 300 05 3.25 2505825 $71,500. Sparks
44 9/18/96 02 296 1 18.00 $305,000.






IL 7.25 2 117990000505826 5220 Shore DR 91 $6,799.18 6/21/21 90 $77500
6/24/96 60050 299 05 3.25 2505826 $10,000. McHenry
41 12/24/96 06 296 1 18.00 $98,000.

CA 7.25 2 106990000505828 4022 Tilden LN 91 $99,429.76 5/12/21 83 $577500
6/12/96 94549 299 05 2.75 2505828 $100,000. Lafayette
45 12/12/96 02 295 1 18.00 $825,000.


CA 10.5 2 106990000505829 3026 Westwood  91 $24,618.79 4/23/21 90 $127500
5/23/96 93933 299 05 2.25 2505829 $25,000. Marina
34 8/23/96 06 294 1 18.00 $170,000.

CA 7.25 2 106990000505830 1648 Kearsarge  91 $66,876.87 6/25/21 85 $506250
6/25/96 92037 300 05 3.75 2505830 $67,500. La Jolla
47 12/25/96 00 296 1 18.00 $675,000.



<PAGE>
IL 7.25 2 117990000505831 8 Willow TRL 91 $39,623.59 6/25/21 90 $201000
6/20/96 62234 300 05 2.25 2505831 $40,000. Collinsville
38 12/20/96 06 296 1 18.00 $268,000.

CA 10.25 2 106990000505834 6935 Verde  91 $24,816.49 7/1/21 85 $400000
6/20/96 90275 300 05 2.00 2505834 $25,000. Rancho Palos
29 9/20/96 06 297 1 18.00 $500,000.


ME 8.75 2 123990000505839 295 Hacker RD 81 $11,958.85 7/1/21 80 $103000
6/20/96 04011 300 05 0.50 2505839 $15,000. Brunswick
34 9/21/96 06 297 1 18.00 $148,000.

NJ 6.99 2 134990000505841 96 Miller RD 91 $89,158.48 6/1/21 90 $248047
7/1/96 07405 299 05 2.75 2505841 $90,000. Kinnelon
42 10/1/96 06 296 1 18.00 $376,000.


CA 11. 2 106990000505843 810 El Berro 91 $30,527.33 6/1/21 90 $246203
6/13/96 92672 299 03 2.75 2505843 $30,700. San Clemente
48 9/1/96 00 296 1 18.00 $307,754.

CA 7.25 2 106990000505844 10545 Wyton DR 81 $39,788.45 5/12/21 32 $126451
6/12/96 90024 299 05 1.00 2505844 $100,000. Los Angeles
42 12/12/96 03 295 1 18.00 $725,000.


MI 7.25 2 126990000505846 5937 Kingsfield 90 $50,000. 6/14/11 88 $103930
6/14/96 48322 180 05 3.75 2505846 $50,000. West Bloomfield
43 12/14/96 06 176 1 18.00 $175,000.






MI 7.25 2 126990000505851 4899 Peggy 90 $16,657.01 7/9/11 90 $372000
7/9/96 48322 180 05 3.25 2505851 $46,500. West Bloomfield
25 1/9/97 06 177 1 18.00 $465,000.

CA 7.25 2 106990000505852 3873 Delmont  91 $50,000. 6/21/21 89 $133201
6/21/96 94605 300 05 2.25 2505852 $50,000. Oakland
45 12/21/96 06 296 1 18.00 $208,000.



<PAGE>
CA 10.5 2 106990000505857 5443 Degnan DR 91 $30,889.81 4/24/21 90 $157500
5/24/96 94553 299 05 2.25 2505857 $31,000. Martinez
31 8/24/96 06 294 1 18.00 $210,000.

CA 7.25 2 106990000505859 19524 Park Ridge  91 $23,500. 6/13/11 95 $88100
6/13/96 95461 180 05 4.25 2505859 $23,500. Middletown
49 12/14/96 06 176 1 18.00 $117,500.


CA 7.25 2 106990000505864 2960 McKinley  91 $29,700. 6/25/11 95 $158400
6/25/96 93003 180 05 3.25 2505864 $29,700. Ventura
40 12/25/96 00 176 1 18.00 $198,000.

UT 7.25 2 149990000505868 359 W 2450 N 91 $9,905.2 6/2/21 86 $133177
7/2/96 84043 299 05 2.25 2505868 $10,000. Lehi
44 1/2/97 06 296 1 18.00 $167,000.


UT 7.25 2 149990000505869 620 N Center 81 $5,547.36 6/2/21 60 $10810
7/2/96 84513 299 05 0.25 2505869 $25,000. Castledale
21 1/2/97 06 296 1 18.00 $60,000.

CA 12. 2 106990000505871 1097 A&B  92 $34,299.44 6/7/11 100 $175510
6/7/96 93955 180 05 3.75 2505871 $34,450. Seaside
49 0 02 176 1 18.00 $210,000.


CA 7.25 2 106990000505872 1924 Ruhland  91 $25,800. 5/13/21 85 $193500
6/13/96 90278 299 01 3.25 2505872 $25,800. Redondo Beach
41 12/13/96 00 295 1 18.00 $258,000.

MD 8.75 2 124990000505875 4490 Grove RD 81 $24,254.65 7/1/21 79 $517283
6/10/96 21601 300 05 0.50 2505875 $50,000. Trappe
29 9/1/96 06 297 1 18.00 $720,000.


CA 11. 2 106990000505876 3951 Sequoyah  91 $35,748.68 6/17/21 90 $288000
6/17/96 94605 300 05 2.75 2505876 $36,000. Oakland
49 9/17/96 00 296 1 18.00 $360,000.







<PAGE>
CA 7.25 2 106990000505882 1109 Hidden  91 $99,083.72 6/1/21 88 $337000
6/10/96 96137 299 03 2.75 2505882 $100,000. Lake Almanor
42 12/1/96 06 296 1 18.00 $500,000.

CA 10.5 2 106990000505893 661 San Diego  91 $23,140.38 6/17/21 90 $187200
6/17/96 94086 300 05 2.25 2505893 $23,400. Sunnyvale
34 9/17/96 00 296 1 18.00 $234,000.


WA 8.75 2 153990000505901 8607 NE 19th  81 $24,344.16 6/13/21 70 $57000
6/13/96 98665 300 05 0.50 2505901 $25,000. Vancouver
40 9/13/96 02 296 1 18.00 $117,500.

CA 12. 2 106990000505904 1929 Winding  91 $22,425.81 6/21/21 91 $118053
6/21/96 95148 300 09 3.75 2505904 $22,500. San Jose
42 9/21/96 03 296 1 18.00 $155,000.


CA 11.5 2 106990000505905 364 Golf Course  91 $49,660.35 6/17/21 82 $479284
6/17/96 92352 300 05 3.25 2505905 $50,000. Lake Arrowhead
35 9/17/96 02 296 1 18.00 $650,000.

CO 11. 2 108990000505907 3265 Salem ST 91 $17,130.68 5/19/21 90 $71779
6/19/96 80011 299 05 2.75 2505907 $20,000. Aurora
50 9/19/96 02 295 1 18.00 $102,000.


CA 12. 2 106990000505908 20793 Pamela  91 $113,000. 6/14/11 95 $400000
6/14/96 95070 180 05 3.75 2505908 $113,000. Saratoga
31 9/14/96 03 176 1 18.00 $540,000.

CA 10.5 2 106990000505910 22912 Mariano  91 $28,070.84 6/20/21 90 $340000
6/20/96 91367 300 05 2.25 2505910 $42,500. Woodland Hills
43 9/20/96 00 296 1 18.00 $425,000.


CA 7.25 2 106990000505911 1865 High Ridge  91 $28,061.45 6/21/21 90 $241197
6/11/96 92008 300 05 2.25 2505911 $37,600. Carlsbad
22 12/20/96 03 296 1 18.00 $310,000.

CA 12.5 2 106990000505912 2892 North ST 91 $26,345.84 6/13/11 95 $94113
6/13/96 95726 180 05 4.25 2505912 $26,500. Pollock Pines
47 9/13/96 06 176 1 18.00 $127,000.



<PAGE>
VA 7.25 2 151990000505914 6468 Nordix DR 81 $19,923.15 7/1/11 76 $83931
6/26/96 22186 180 03 1.25 2505914 $20,000. Warrenton
40 12/26/96 02 177 1 18.00 $137,000.






CA 10.75 2 106990000505916 1371 Miller DR 91 $43,905.47 6/6/21 90 $352000
6/6/96 90069 300 05 2.50 2505916 $44,000. Los Angeles
25 9/6/96 06 296 1 18.00 $440,000.

CA 7.25 2 106990000505919 3832 Woodland  90 $94,883.86 6/6/11 86 $648750
6/6/96 94062 180 05 3.25 2505919 $95,000. Redwood City
45 12/6/96 06 176 1 18.00 $865,000.


CA 10.5 2 106990000505924 1366 E 21st ST 91 $18,100. 8/1/21 90 $90750
6/4/96 90011 301 05 2.25 2505924 $18,100. Los Angeles
47 9/1/96 00 298 1 18.00 $121,000.

UT 7.25 2 149990000505925 4053 S Main 91 $32,375.12 5/6/21 90 $65942
6/6/96 84321 299 05 3.25 2505925 $32,500. Nibley
40 12/6/96 02 295 1 18.00 $110,000.


NM 12. 2 135990000505927 514 Silva ST 91 $11,914.26 5/21/21 81 $114588
6/21/96 87501 299 05 3.75 2505927 $12,000. Santa Fe
45 9/21/96 03 295 1 18.00 $157,000.

UT 7.25 2 149990000505929 8267 S 50 W 95 $20,450. 5/18/11 100 $125240
6/18/96 84088 179 05 3.75 2505929 $35,200. West Jordan
45 12/18/96 06 175 1 18.00 $160,500.


CA 10.5 2 106990000505933 14259  91 $48,916.87 6/6/21 90 $207000
6/6/96 92064 300 05 2.25 2505933 $50,000. Poway
31 9/6/96 00 296 1 18.00 $286,000.

CO 8.75 2 108990000505935 5081 S Emporia  81 $9,857.33 5/21/21 80 $165750
6/21/96 80111 299 05 0.50 2505935 $11,000. Englewood
36 9/21/96 06 295 1 18.00 $221,000.



<PAGE>
CA 7.25 2 106990000505947 21422 Pensacola  81 $49,575.75 5/28/11 78 $201000
6/28/96 92646 179 05 0.50 2505947 $50,000. Huntington Beach
37 12/28/96 06 175 1 18.00 $325,000.

WA 12.5 2 153990000505948 3800 High ST 91 $71,082.99 5/10/11 92 $84602
6/10/96 98201 179 05 4.25 2505948 $71,500. Everett
50 9/10/96 06 175 1 18.00 $170,000.


FL 10. 2 112990000505951 1605 Tayo LN 81 $378,448.79 6/1/11 76 $368966
5/16/96 32223 180 05 1.75 2505951 $380,000. Jacksonville
44 8/16/96 02 176 1 18.00 $988,000.






OR 11. 2 141990000505956 14246 SW 133rd  91 $42,752.69 7/1/21 90 $207000
6/20/96 97224 300 05 2.75 2505956 $43,100. Tigard
38 9/20/96 06 297 1 18.00 $278,000.

CA 7.25 2 106990000505959 2687 La Cuesta  90 $49,741.71 6/28/11 85 $338000
6/28/96 90046 180 05 2.75 2505959 $100,000. Los Angeles
23 1/1/97 06 176 1 18.00 $516,000.


CA 11. 2 106990000505965 1482 Camellia  91 $38,682.99 6/1/11 90 $194250
7/1/96 93013 179 05 2.75 2505965 $38,850. Carpinteria
33 0 00 176 1 18.00 $259,000.

CA 6.99 2 106990000505968 400 Thatcher LN 81 $25,744.9 6/3/21 78 $335000
7/3/96 94404 299 03 1.00 2505968 $70,000. Foster City
45 10/3/96 06 296 1 18.00 $525,000.


CA 10.5 2 106990000505969 3912 Boyce AVE 91 $44,659.76 7/1/21 86 $189948
6/21/96 90039 300 05 2.25 2505969 $45,000. Los Angeles
40 9/21/96 06 297 1 18.00 $275,000.

AZ 8.5 2 104990000505979 4857 W Carol  81 $9,344.76 7/1/21 65 $60866
6/12/96 85302 300 05 0.25 2505979 $10,000. Glendale
30 9/12/96 06 297 1 18.00 $110,000.



<PAGE>
OR 12. 2 141990000505981 3821 SW 6th ST 91 $37,423.48 6/18/11 95 $101000
6/18/96 97030 180 05 3.75 2505981 $37,700. Gresham
43 9/18/96 06 176 1 18.00 $146,000.

CA 6.99 2 106990000505982 12464 Scully  81 $32,802.71 6/2/21 38 $207000
7/2/96 95070 299 05 0.25 2505982 $33,000. Sarasota
22 10/2/96 00 296 1 18.00 $640,000.


CA 10.25 2 106990000505985 3212 Sitio Rosalia 91 $6,144.15 7/1/21 90 $198750
6/4/96 92009 300 03 2.00 2505985 $39,750. Carlsbad
27 9/4/96 06 297 1 18.00 $265,000.

CA 11.5 2 106990000505988 49 Elderwood 91 $39,553.53 5/11/11 90 $199000
6/11/96 92656 179 03 3.25 2505988 $39,800. Aliso Viejo Area
35 9/1/96 00 175 1 18.00 $265,349.


FL 7.25 2 112990000505991 16281 Glasgow  91 $35,258.65 5/13/21 90 $104000
6/13/96 33470 299 05 2.25 2505991 $35,500. Loxahatchee
37 12/13/96 02 295 1 18.00 $155,000.






CA 11.5 2 106990000505996 22 Juarez CT 91 $60,079.21 7/1/21 90 $60943
6/19/96 94806 300 05 3.25 2505996 $60,500. San Pablo
46 9/19/96 06 297 1 18.00 $135,000.

NC 6.99 2 137990000505997 117 Greenstone  91 $34,265.7 6/24/11 90 $172500
6/24/96 27511 180 03 2.25 2505997 $34,500. Cary
46 9/24/96 00 176 1 1600.00 $230,000.


DC 9.25 2 111990000505998 3028 Oliver ST  81 $84,743.77 6/21/21 64 $153000
6/21/96 20015 300 05 1.00 2505998 $85,000. Washington
42 0 06 296 1 18.00 $376,500.

UT 7.25 2 106990000505999 463 E Eleventh  90 $14,000. 5/18/11 95 $175750
6/18/96 84103 179 05 3.75 2505999 $14,250. Salt Lake
25 12/18/96 06 175 1 18.00 $200,000.



<PAGE>
CA 7.25 2 106990000506001 1748 Marcy Lynn  91 $28,500. 6/24/21 90 $228000
6/24/96 95124 300 05 2.25 2506001 $28,500. San Jose
26 12/24/96 00 296 1 18.00 $285,000.

WA 11.5 2 153990000506007 20103 120th  91 $21,600. 6/25/11 98 $118435
6/25/96 98390 180 03 3.25 2506007 $21,600. Sumner
41 0 06 176 1 18.00 $143,000.


CA 7.25 2 106990000506008 4475 Strawberry  91 $39,800. 6/21/21 90 $199100
6/21/96 95129 300 05 2.25 2506008 $39,800. San Jose
41 12/21/96 00 296 1 18.00 $265,500.

CA 10.5 2 106990000506011 7 Salk 91 $26,280.51 5/24/21 90 $231745
6/24/96 92720 299 05 2.25 2506011 $38,200. Irvine
45 9/24/96 06 295 1 18.00 $300,000.


CA 7.25 2 106990000506014 1242 Shelby  91 $18,875.86 6/24/21 90 $212000
6/24/96 95120 300 09 2.75 2506014 $26,500. San Jose
48 12/24/96 06 296 1 18.00 $265,000.

UT 6.99 2 149990000506017 8352 S 2960 S 91 $28,803.7 6/2/21 90 $104648
7/2/96 84088 299 05 2.25 2506017 $29,100. West Jordan
37 10/2/96 06 296 1 18.00 $150,000.


MI 7.25 2 126990000506019 13748 Ironwood  90 $19,800.02 6/20/11 89 $173998
6/20/96 48315 180 05 2.00 2506019 $20,000. Shelby
27 12/20/96 06 176 1 18.00 $219,000.






CA 11. 2 106990000506020 3815 Crestway PL 91 $50,000. 5/19/21 87 $297987
6/19/96 90043 299 05 2.75 2506020 $50,000. Los Angeles
45 9/19/96 06 295 1 18.00 $400,000.

OR 8.75 2 141990000506024 7352 Adams RD 81 $15,860.66 5/21/21 80 $118000
6/21/96 97540 299 05 0.50 2506024 $50,000. Talent
34 9/21/96 06 295 1 18.00 $210,000.



<PAGE>
NJ 7.25 2 134990000506025 6 Findley LN 91 $47,988.79 5/21/11 90 $240000
6/21/96 07054 179 05 2.25 2506025 $48,000. West Windsor
42 12/21/96 02 175 1 18.00 $320,000.

CA 7.25 2 106990000506027 8261 San Marino  91 $29,840.91 5/13/11 90 $138750
6/13/96 90620 179 05 3.75 2506027 $30,000. Buena Park
43 12/13/96 01 175 1 18.00 $187,500.


CA 8.25 2 106990000506029 112 Hollyann DR 91 $35,000. 5/27/21 86 $250000
6/27/96 95630 299 05 2.75 2506029 $35,000. Folsom
50 9/27/96 00 295 1 18.00 $335,000.

CA 11. 2 106990000506034 272 S Irving  91 $55,250.91 6/12/21 90 $444000
6/12/96 90004 300 05 2.75 2506034 $55,500. Los Angeles
21 9/12/96 00 296 1 18.00 $555,000.


CA 11.5 2 106990000506036 47 Hunter 91 $29,356.35 5/21/11 99 $302400
6/21/96 92720 179 05 3.25 2506036 $34,000. Irvine
45 0 06 175 1 18.00 $340,000.

MI 7.25 2 126990000506037 498 Maplewood  90 $16,386.19 6/21/11 90 $132000
6/21/96 48393 180 05 3.25 2506037 $16,500. Wixom
38 12/21/96 01 176 1 18.00 $165,000.


CA 11.5 2 106990000506040 523 Broadmoor  92 $36,991.38 5/24/11 100 $248000
6/24/96 92669 179 05 3.25 2506040 $37,000. Orange
39 0 03 175 1 18.00 $285,000.

FL 7.25 2 112990000506041 4500 45th AVE S 91 $57,000. 5/24/21 89 $150000
6/24/96 33711 299 05 2.75 2506041 $57,000. St. Petersburg
43 12/24/96 00 295 1 18.00 $235,000.


CO 12.5 2 108990000506042 1340 Kachina DR 91 $22,589.28 5/19/11 95 $59000
6/19/96 80915 179 05 4.25 2506042 $31,000. Colorado Springs
48 0 02 175 1 18.00 $95,500.







<PAGE>
FL 7.25 2 112990000506046 10520 SW 75th  91 $13,415.28 5/18/21 86 $63750
6/18/96 33175 299 05 2.75 2506046 $13,500. Miami
38 12/18/96 06 295 1 18.00 $90,000.

FL 7.25 2 112990000506052 7703 Sadler AVE 90 $74,649.89 6/17/11 90 $648000
6/17/96 32757 180 05 3.25 2506052 $81,000. Mount Dora
44 12/17/96 00 176 1 18.00 $810,000.


NJ 6.99 1 134990000506055 5 Coursen WAY 81 $116,792.48 6/8/21 49 $0
7/8/96 07950 299 05 1.50 2506055 $118,000. Morris Plains
37 10/8/96 06 296 1 18.00 $245,000.

CA 9.75 2 106990000506056 70 Warm Springs  81 $55,156.27 5/17/21 80 $184242
6/17/96 95452 299 05 1.50 2506056 $55,500. Kenwood
43 9/17/96 06 295 1 18.00 $300,000.


CA 10.5 2 106990000506058 15903 Ballentine  91 $44,668.23 5/21/21 89 $97206
6/21/96 91722 299 05 2.25 2506058 $45,000. Covina
42 9/21/96 02 295 1 18.00 $160,000.

MI 7.25 2 126990000506060 7114 S Elder CT 90 $44,578.09 7/10/11 88 $359000
7/10/96 48324 180 05 3.25 2506060 $45,000. West Bloomfield
32 1/10/97 06 177 1 18.00 $460,000.


GA 10.25 2 113990000506063 1454 Oglethorpe  91 $21,549.14 6/19/21 89 $120000
6/20/96 30174 299 03 2.00 2506063 $21,700. Suwanee
16 9/20/96 06 296 1 18.00 $160,000.

WA 7.25 2 153990000506064 28014 NE 140th  81 $25,743.76 6/5/11 80 $128341
7/5/96 98019 179 05 1.50 2506064 $30,000. Duvall
50 1/5/97 06 176 1 18.00 $200,000.


CA 7.25 2 106990000506065 5315 Haskell ST 91 $46,535.38 6/5/11 90 $376000
7/5/96 91011 179 05 2.25 2506065 $47,000. La Canada
36 1/6/97 00 176 1 18.00 $470,000.

CA 7.25 2 106990000506066 6005 Alta Loma  91 $50,000. 7/3/11 89 $412500
6/28/96 95650 180 03 3.75 2506066 $50,000. Loomis
43 12/28/96 02 177 1 18.00 $520,000.



<PAGE>
FL 8.25 1 112990000506070 15995 Collins  91 $42,300. 5/21/21 89 $0
6/21/96 33160 299 01 2.00 2506070 $42,300. Miami
30 9/21/96 06 295 1 18.00 $48,000.






CA 11.75 2 106990000506072 2178 Alejandro  91 $30,833.91 6/18/11 92 $188600
6/18/96 95405 180 05 3.50 2506072 $31,000. Santa Rosa
35 9/18/96 01 176 1 18.00 $240,000.

CA 11. 2 106990000506075 23241 Park  91 $56,900. 5/11/21 90 $455200
6/11/96 91302 299 03 2.75 2506075 $56,900. Calabasas
28 9/11/96 00 295 1 18.00 $569,000.


OR 7.25 2 141990000506079 3815 SW  91 $29,187.41 4/17/21 90 $146200
5/17/96 97221 299 05 2.25 2506079 $29,300. Portland
20 11/17/96 04 294 1 18.00 $195,000.

CA 7.25 2 106990000506080 1178 Meredith  91 $34,160.86 7/1/21 90 $276000
6/28/96 95125 300 05 2.25 2506080 $34,500. San Jose
35 12/28/96 00 297 1 18.00 $345,000.


CA 9.25 1 106990000506084 2034 Petersburg  81 $135,000. 6/12/21 49 $0
6/12/96 95242 300 05 1.50 2506084 $150,000. Lodi
47 9/12/96 06 296 1 18.00 $310,000.

WA 9.25 2 153990000506088 3365 Forest LN 81 $11,932.48 5/11/21 80 $108000
6/11/96 98225 299 05 1.00 2506088 $12,000. Bellingham
32 9/11/96 02 295 1 18.00 $150,000.


IL 9.25 2 117990000506089 6300 N Spingfield 80 $9,812.2 5/20/11 43 $21064
5/20/96 60659 180 05 1.00 2506089 $55,000. Chicago
30 8/20/96 06 175 1 18.00 $178,000.

MA 8.5 2 125990000506090 11 Cordis ST 81 $25,000. 5/17/21 72 $125253
6/17/96 02129 299 05 0.25 2506090 $25,000. Charleston
29 9/17/96 01 295 1 18.00 $210,000.



<PAGE>
CA 11.75 2 106990000506092 972 Palisades  91 $250,000. 6/10/11 90 $875000
6/10/96 90403 180 05 3.50 2506092 $250,000. Santa Monica
33 9/10/96 00 176 1 18.00 $1,250,000.

FL 5.99 2 112990000506093 9871 SW 32 ST 81 $99,443.09 6/30/21 59 $43699
7/30/96 33165 299 05 1.00 2506093 $100,000. MIAMI
36 10/28/96 04 297 1 18.00 $245,000.


NV 7.25 2 132990000506094 929  91 $4,938.73 7/24/21 90 $90000
7/19/96 89410 300 05 3.25 2506094 $18,000. ************
39 1/19/97 06 297 1 18.00 $120,000.






CA 9.5 2 106990000506099 231 San Juan DR 81 $31,703.08 6/10/21 68 $20320
6/10/96 95023 300 05 1.25 2506099 $65,000. Hollister
22 9/19/96 02 296 1 18.00 $126,000.

CA 11.5 2 106990000506100 6061 Jade CIR 91 $24,893.63 7/1/11 85 $160877
6/24/96 92647 180 05 3.25 2506100 $25,000. Huntington Beach
34 9/24/96 06 177 1 18.00 $221,000.


CA 10.5 2 106990000506104 26300 Sugar  91 $37,254.08 6/10/21 90 $189000
6/10/96 92065 300 03 2.25 2506104 $37,800. Ramona
44 9/19/96 02 296 1 18.00 $252,000.

MI 7.25 2 126990000506105 488-490 Lathrop 90 $49,976.71 7/9/11 89 $296000
7/9/96 48001 180 05 3.25 2506105 $50,000. Algonac
42 1/9/97 06 177 1 18.00 $390,000.


CA 11. 2 106990000506106 19030 Quercus  91 $29,751.34 7/1/21 90 $150000
6/19/96 95629 300 05 2.75 2506106 $30,000. Fiddletown
46 9/19/96 01 297 1 18.00 $200,000.

OR 10.5 2 141990000506107 2717 Kincaid  91 $19,856.41 7/1/21 84 $59473
6/17/96 97405 300 05 2.25 2506107 $20,000. Eugene
41 9/17/96 03 297 1 18.00 $95,500.



<PAGE>
CA 7.25 2 106990000506108 1001 Sierra Vista  91 $50,000. 5/19/11 89 $150100
6/19/96 90631 179 05 2.75 2506108 $50,000. La Habra
45 12/19/96 06 175 1 18.00 $225,000.

CA 11.75 2 106990000506112 1229 Lillian DR 91 $29,773.07 7/1/11 95 $83638
6/24/96 95355 180 05 3.50 2506112 $30,000. Modesto
23 9/24/96 02 177 1 18.00 $120,000.


CA 6.99 2 106990000506113 7396 Belluno DR 91 $38,468.9 6/5/21 89 $192700
7/5/96 93117 299 05 3.25 2506113 $38,500. Goleta
49 10/5/96 01 296 1 18.00 $260,000.

CA 10.75 2 106990000506114 113 Heather Court 91 $30,493.24 7/1/21 90 $153000
6/24/96 94591 300 05 2.50 2506114 $30,600. Vallejo
25 9/24/96 00 297 1 18.00 $204,000.


AZ 7.25 2 104990000506115 6252 N Pomona  91 $21,147.63 5/1/21 90 $108750
6/18/96 85704 298 05 2.75 2506115 $21,750. Tucson
25 12/18/96 01 295 1 18.00 $145,000.






WA 8.25 2 153990000506118 8005 17th AVE  90 $14,047.12 6/3/11 89 $88037
6/3/96 98117 180 05 2.75 2506118 $15,000. Seattle
41 9/2/96 06 176 1 18.00 $117,000.

CA 12. 2 106990000506119 4516 Ventura  91 $22,062.04 7/1/11 95 $118400
6/11/96 94587 180 09 3.75 2506119 $22,200. Union City
42 9/11/96 01 177 1 18.00 $148,000.


CA 10.5 2 106990000506120 2720 E Walnut  91 $16,302.47 6/1/21 90 $132000
6/19/96 92667 299 09 2.25 2506120 $16,500. Orange
24 9/1/96 00 296 1 18.00 $165,000.

CO 12.25 2 108990000506121 719 Jacobson CIR 91 $43,000. 6/20/11 94 $118251
6/12/96 81147 180 05 4.00 2506121 $43,000. Pagosa Springs
32 0 02 176 1 18.00 $172,000.



<PAGE>
WA 10.25 2 153990000506122 16770 26th AVE  91 $23,841.84 6/7/21 82 $207000
6/7/96 98166 300 05 2.00 2506122 $25,000. Burien
21 9/6/96 06 296 1 18.00 $285,000.

OR 11. 2 141990000506126 3417 Barrington  91 $49,749.93 4/20/21 85 $393750
5/20/96 97068 299 09 2.75 2506126 $50,000. West Linn
46 8/20/96 06 294 1 18.00 $525,000.


CA 7.25 2 106990000506129 1802 TULANE  81 $55,271.41 5/18/11 71 $134517
6/18/96 90815 179 05 1.00 2506129 $65,000. LONG BEACH
28 12/18/96 02 175 1 18.00 $285,000.

WA 10.5 2 153990000506136 4307 210th PL NE 90 $30,446.99 6/13/11 91 $172504
6/13/96 98053 180 05 2.25 2506136 $30,500. Redmond
36 9/12/96 06 176 1 18.00 $225,070.


WA 8.5 2 153990000506137 12714 NE 86th ST 80 $22,059.45 6/7/11 80 $160149
6/7/96 98033 180 05 0.25 2506137 $27,850. Kirkland
28 9/7/96 06 176 1 18.00 $235,000.

WA 9.75 2 153990000506139 8704 NW 23rd CT 81 $99,593.67 6/3/21 78 $345625
6/3/96 98665 300 03 1.50 2506139 $100,000. Vancouver
45 9/3/96 01 296 1 18.00 $573,000.


CT 10.5 2 109990000506141 180 Hawks Hill  91 $80,000. 5/14/21 90 $640000
6/14/96 06840 299 05 2.25 2506141 $80,000. New Canaan
39 9/14/96 00 295 1 18.00 $800,000.






CA 7.25 2 106990000506144 10614 Canyon  91 $62,243.98 5/10/21 90 $198347
6/10/96 92131 299 05 2.75 2506144 $62,600. San Diego
38 12/10/96 06 295 1 18.00 $290,000.

CA 6.99 2 106990000506145 24664 Cordillera  91 $62,000. 7/5/21 90 $496000
7/5/96 91302 300 03 2.75 2506145 $62,000. Calabasas
31 10/5/96 00 297 1 18.00 $620,000.




CA 7.25 2 106990000506147 54 Ramona ST 91 $23,559.5 5/7/11 95 $81681
6/7/96 94565 179 05 3.75 2506147 $30,000. Pittburg
47 12/7/96 06 175 1 18.00 $118,000.

CA 11. 2 106990000506148 5257 Larchwood  91 $40,859.87 6/7/21 90 $206250
6/7/96 95118 300 05 2.75 2506148 $41,250. San Jose
38 9/7/96 00 296 1 18.00 $275,000.


IL 7.25 2 117990000506151 1367 Amherst 91 $15,489. 6/26/21 90 $144866
6/26/96 60030 300 05 2.25 2506151 $18,000. Grayslake
34 12/27/96 06 296 1 18.00 $181,500.

GA 7.25 2 113990000506158 1490 Rilla CIR 91 $16,138.11 5/14/11 90 $81000
6/14/96 30243 179 05 2.25 2506158 $16,200. Lawrenceville
43 12/14/96 02 175 1 18.00 $108,000.


CA 7.25 2 106990000506161 3708 McKinley  91 $47,200. 6/18/11 95 $252000
6/18/96 95816 180 05 3.25 2506161 $47,200. Sacramento
33 12/18/96 00 176 1 18.00 $315,000.

GA 7.25 2 113990000506162 514 Joel CT 91 $10,000. 5/18/11 94 $80000
6/18/96 30114 179 05 4.25 2506162 $10,000. Canton
50 12/18/96 02 175 1 18.00 $96,500.


GA 7.25 2 113990000506163 155 River Court  91 $35,200. 6/21/11 95 $207000
6/21/96 30328 180 05 3.75 2506163 $35,200. Atlanta
32 12/21/96 02 176 1 18.00 $255,000.

CA 11. 2 106990000506164 1298 Hersman DR 91 $49,125.29 6/14/21 90 $207000
6/14/96 95020 300 05 2.75 2506164 $49,500. Gilroy
40 9/14/96 00 296 1 18.00 $285,000.


WA 7.25 2 153990000506172 4004 NE 130th  91 $48,974.86 7/1/11 95 $40066
6/26/96 98682 180 05 4.25 2506172 $50,000. Vancouver
50 12/26/96 02 177 1 18.00 $95,000.







<PAGE>
CA 6.99 2 106990000506173 234 W 42nd AVE 91 $36,749.13 6/16/21 90 $294800
7/16/96 94403 299 05 2.25 2506173 $36,800. San Mateo
40 10/16/96 02 296 1 18.00 $370,000.

NM 10.25 2 135990000506174 700 Tomasita ST  91 $23,919.9 5/18/21 90 $63764
6/18/96 87123 299 05 2.00 2506174 $24,400. Albuquerque
25 9/18/96 02 295 1 18.00 $98,000.


CA 7.25 2 106990000506176 933 S  91 $34,082.65 6/3/11 90 $275600
7/3/96 90036 179 05 2.25 2506176 $34,400. LOS ANGELES
37 1/3/97 00 176 1 18.00 $344,500.

CA 7.25 2 106990000506179 3005 Darlington  91 $22,836.69 6/24/21 90 $183200
6/24/96 91360 300 09 2.25 2506179 $23,000. Thousand Oaks
35 12/24/96 03 296 1 18.00 $230,000.


CA 7.25 2 106990000506182 25442 Gloriosa  91 $37,900.05 6/26/11 95 $204000
6/26/96 92691 180 03 3.75 2506182 $38,200. Mission Viejo
33 12/26/96 02 176 1 18.00 $255,000.

GA 7.25 2 113990000506184 3125 Andora Trail 81 $15,886.91 6/28/21 80 $79000
6/28/96 30064 300 05 0.50 2506184 $16,000. Marietta
43 12/28/96 00 296 1 18.00 $119,000.


CO 9.75 2 108990000506186 2027 Ivy ST 81 $83,000. 5/24/21 80 $100680
6/24/96 ****** 299 05 1.50 2506186 $83,000. Denver
49 9/24/96 02 295 1 18.00 $230,000.

CA 6.99 2 106990000506187 649 "a" Verde  91 $30,375.44 6/5/21 90 $243200
7/5/96 93103 299 09 2.25 2506187 $30,400. Santa Barbara
36 10/5/96 00 296 1 18.00 $304,000.


WA 6.99 2 153990000506189 5523 141st ST  91 $24,730.01 6/10/11 95 $132000
7/10/96 98026 179 05 0.25 2506189 $24,750. Edmonds
50 10/10/96 06 176 1 18.00 $165,000.

CA 9.5 2 106990000506190 181 Alameda  81 $33,293. 5/24/11 58 $293000
6/24/96 93103 179 05 1.25 2506190 $50,000. Santa Barbara
38 9/25/96 06 175 1 18.00 $600,000.



<PAGE>
OH 7.25 2 139990000506194 3291 Beachworth  91 $10,535.11 7/12/11 95 $65000
7/12/96 43232 180 05 3.25 2506194 $14,800. Columbus
36 1/12/97 02 177 1 18.00 $84,000.






WA 7.25 2 153990000506198 16612 SE 40th  91 $24,722.35 6/21/21 88 $146000
6/21/96 98008 300 05 2.75 2506198 $25,000. Bellevue
46 12/21/96 06 296 1 18.00 $195,000.

CA 7.25 2 106990000506206 1148- 1150 54th  91 $22,830.17 6/27/21 89 $108750
6/27/96 94068 300 10 2.75 2506206 $23,000. Oakland
50 12/27/96 03 296 1 18.00 $149,000.


GA 10.5 2 113990000506207 2534 Wood Acres  91 $21,000. 6/26/21 90 $116250
6/27/96 30136 299 05 2.25 2506207 $23,250. Duluth
26 9/27/96 00 296 1 18.00 $155,000.

CA 12. 2 106990000506210 2864 Tiffaney LN 91 $37,990.71 5/19/11 95 $214564
6/19/96 93063 179 05 3.75 2506210 $40,900. Simi Valley
33 9/19/96 06 175 1 18.00 $270,000.


CA 7.25 2 106990000506211 22636 Demasia 91 $58,581.63 6/26/21 85 $207000
6/26/96 92691 300 03 2.75 2506211 $59,000. Mission Viejo
42 12/26/96 00 296 1 18.00 $313,000.

CA 12. 2 106990000506212 11341 Foster RD 91 $52,402.5 5/25/11 99 $251600
6/25/96 90720 179 05 3.75 2506212 $70,000. Los Alamitos
45 0 06 175 1 18.00 $325,000.


NV 9.75 2 132990000506221 7221 Chic Avenue 81 $14,872.13 7/1/21 53 $73950
6/26/96 89129 300 05 1.50 2506221 $15,000. Las Vegas
32 9/26/96 06 297 1 18.00 $169,000.

CA 10.5 2 106990000506225 3586 Memory  91 $20,047.97 7/1/21 90 $101250
6/24/96 96150 300 05 2.25 2506225 $20,200. South Lake Tahoe
43 9/24/96 00 297 1 18.00 $135,000.



<PAGE>
VA 11.5 2 151990000506226 46926 Trumpet  92 $23,792.4 7/1/11 100 $116114
6/21/96 20164 180 09 3.25 2506226 $23,800. Sterling
42 0 02 177 1 18.00 $140,000.

NJ 9.25 2 134990000506230 77 Rodney ST 81 $23,491.07 6/24/21 32 $66127
6/24/96 07452 300 05 1.00 2506230 $30,000. Glen Rock
43 9/24/96 06 296 1 18.00 $302,000.


CA 10.5 2 106990000506233 4547 Rueda Drive 91 $36,445.54 7/1/21 90 $183750
6/27/96 92124 300 05 2.25 2506233 $36,750. San Diego
42 9/27/96 00 297 1 18.00 $245,000.






FL 7.25 2 112990000506238 106 Basin DR 90 $99,953.42 5/14/11 83 $890000
6/14/96 33483 179 05 2.25 2506238 $100,000. Delray Beach
38 12/14/96 00 175 1 18.00 $1,200,000.

CA 11. 2 106990000506242 11527 Samoline  91 $21,155.89 7/1/21 87 $106017
6/19/96 90241 300 05 2.75 2506242 $50,000. Downey
40 9/19/96 06 297 1 18.00 $180,000.


CA 7.25 2 106990000506243 4218 Henning DR 91 $12,530.36 5/24/21 90 $139500
6/24/96 94521 299 05 2.75 2506243 $27,000. Concord
34 12/24/96 06 295 1 18.00 $185,000.

CA 9.75 2 106990000506244 245 Orchard RD 81 $170,195.37 6/26/21 80 $207000
6/26/96 94563 300 05 1.50 2506244 $173,000. Orinda
50 9/26/96 01 296 1 18.00 $475,000.


CA 9. 2 106990000506245 2860 Santa Claus  81 $21,167.29 7/1/21 80 $105000
6/21/96 96150 300 05 0.75 2506245 $21,500. South Lake Tahoe
28 9/21/96 06 297 1 18.00 $160,000.

NY 10.75 2 136990000506246 P/o Lot3, 161  91 $85,510.56 5/3/21 90 $688000
6/3/96 11030 299 05 2.50 2506246 $86,000. Manhasset
44 9/3/96 00 295 1 18.00 $860,000.



<PAGE>
UT 11.5 2 149990000506247 9722 S Tweed RD 91 $37,798.53 5/17/11 96 $84887
6/17/96 84095 179 05 3.25 2506247 $41,000. South Jordan
46 6/17/96 02 175 1 18.00 $132,000.

CA 11.5 2 106990000506248 1534 Lancewood  91 $42,874.94 7/1/21 90 $131908
6/24/96 ****** 300 05 3.25 2506248 $43,200. Hacienda Hgts,
42 9/24/96 06 297 1 18.00 $196,000.


CA 12.25 2 106990000506253 4122 Cole Way 91 $21,831.2 7/12/11 95 $158258
7/1/96 92117 180 05 4.00 2506253 $22,100. San Diego
33 0 03 177 1 18.00 $190,000.

KS 8.5 2 120990000506256 210 E 13th AVE 81 $12,764.35 7/1/21 72 $26808
6/26/96 67501 300 05 0.25 2506256 $13,000. Hutchinson
28 9/26/96 06 297 1 18.00 $56,000.


MA 6.99 2 125990000506257 44 Mulbery CIR 91 $16,683.31 7/11/21 84 $140375
7/11/96 01432 300 05 2.75 2506257 $20,000. Ayer
17 10/12/96 06 297 1 18.00 $192,000.






VA 11. 2 151990000506259 10633 Old  91 $38,530.27 7/1/21 90 $148400
6/20/96 22713 300 05 2.75 2506259 $38,800. Boston
39 9/20/96 02 297 1 18.00 $208,000.

CA 7.25 2 106990000506260 901 N Peck AVE 91 $49,765.88 5/20/11 90 $401200
6/20/96 90266 179 05 2.75 2506260 $50,100. Manhattan Beach
36 12/20/96 00 175 1 18.00 $501,500.


CA 7.25 2 106990000506261 2836 Devonshire  91 $29,605.09 5/11/11 90 $168706
6/11/96 92635 179 05 3.25 2506261 $30,000. Fullerton
41 12/12/96 02 175 1 18.00 $222,000.

CA 7.25 2 106990000506265 5724 Rhodes AVE 91 $37,637.62 5/13/11 95 $173000
6/13/96 91607 179 05 4.25 2506265 $37,900. North Hollywood
50 12/14/96 02 175 1 18.00 $222,000.



<PAGE>
MN 10.5 2 127990000506266 2111 Rice ST 91 $17,547.52 7/1/21 90 $90000
6/24/96 55113 300 05 2.25 2506266 $18,000. Roseville
42 9/24/96 01 297 1 18.00 $120,000.

CA 7.25 2 106990000506269 117 Laurelwood  90 $131,250. 5/19/11 90 $656250
6/19/96 94506 179 05 2.25 2506269 $131,250. Danville
43 12/20/96 00 175 1 18.00 $875,000.


CA 11.5 2 106990000506270 521/523 G ST 91 $24,811.09 7/1/11 94 $49436
6/24/96 93304 180 10 3.25 2506270 $25,000. Bakersfield
45 9/24/96 06 177 1 18.00 $80,000.

CA 7.25 2 106990000506296 1038 S Alma  81 $30,694.02 5/20/21 75 $70000
6/20/96 90023 299 05 1.00 2506296 $31,000. Los Angeles
25 12/21/96 02 295 1 18.00 $135,000.


CA 11. 2 106990000506297 58 Sais AVE 91 $42,790.78 6/14/11 90 $344000
6/14/96 94960 180 05 2.75 2506297 $43,000. San Anselmo
45 9/14/96 00 176 1 18.00 $430,000.

CA 7.25 2 106990000506299 3625 Coronado  80 $32,954.95 7/2/11 75 $400000
7/2/96 92635 180 05 0.50 2506299 $50,000. Fullerton
37 1/2/97 06 177 1 18.00 $600,000.


UT 7.25 2 149990000506304 1636 N Mountain  80 $9,869.18 7/2/11 80 $166500
7/2/96 84057 180 05 1.00 2506304 $11,100. Orem
26 1/2/97 06 177 1 18.00 $222,000.






CA 11.5 2 106990000506307 23695 Blue Fin  92 $18,995.58 5/18/11 100 $124000
6/18/96 92677 179 01 3.25 2506307 $19,000. Laguna Niguel
35 6/18/96 02 175 1 18.00 $143,000.

CA 11. 2 106990000506310 6821 Eden ST 91 $21,507.53 6/10/21 85 $180000
6/10/96 94568 300 05 2.75 2506310 $24,000. Dublin
48 9/10/96 02 296 1 18.00 $240,000.



<PAGE>
CA 11.5 2 106990000506317 59 Emerald 91 $75,000. 8/1/21 90 $500000
6/5/96 92714 301 03 3.25 2506317 $75,000. Irvine
37 9/1/96 00 298 1 18.00 $639,000.

CA 7.25 2 106990000506320 1981 Linwood ST 91 $44,716.46 5/14/21 90 $360000
6/14/96 92110 299 05 3.25 2506320 $45,000. San Diego
35 12/14/96 06 295 1 18.00 $450,000.


CA 12.5 2 106990000506322 9113 Falcon Hill  91 $39,706.46 7/1/11 95 $91821
6/21/96 95624 180 05 4.25 2506322 $40,000. Elk Grove
48 9/21/96 06 177 1 18.00 $140,000.

OR 8.75 2 141990000506324 975 Chateau  81 $42,486.02 7/1/21 76 $129000
6/20/96 97401 300 05 0.50 2506324 $42,800. Eugene
40 9/20/96 00 297 1 18.00 $229,000.


CA 7.25 2 106990000506326 12145 Wooded  91 $54,600. 5/12/21 90 $207000
6/12/96 92127 299 03 3.25 2506326 $54,600. San Diego
47 12/12/96 00 295 1 18.00 $290,690.

MA 11.5 2 125990000506327 63 Sacramento ST 91 $85,000. 5/27/21 85 $400000
6/27/96 02138 299 05 3.25 2506327 $110,765. Cambridge
36 9/27/96 06 295 1 18.00 $603,000.


CA 11. 2 106990000506330 121 Crestmont DR 91 $48,630.31 6/25/21 90 $255000
6/25/96 94131 300 05 2.75 2506330 $50,000. San Francisco
29 9/25/96 00 296 1 18.00 $340,000.

CA 10.5 2 106990000506331 39191 Walnut  91 $24,123.6 6/21/21 90 $121500
6/21/96 94536 300 01 2.25 2506331 $24,300. Fremont
40 9/21/96 00 296 1 18.00 $162,000.


CA 11. 2 106990000506332 210 Highland  90 $52,326.89 6/24/11 90 $420000
6/24/96 94611 180 05 2.75 2506332 $52,500. Piedmont
44 9/24/96 00 176 1 18.00 $525,000.







<PAGE>
CA 10.5 2 106990000506333 162 Cherry LN 91 $28,361.26 6/25/21 90 $228800
6/25/96 95008 300 05 2.25 2506333 $28,600. Campbell
25 9/25/96 00 296 1 18.00 $286,000.

CA 12. 2 106990000506335 6385 La Cumbre  91 $77,528.39 6/12/21 85 $350000
6/12/96 93066 300 05 3.75 2506335 $80,000. Somis Area
48 9/12/96 01 296 1 18.00 $510,000.


CA 9.25 2 106990000506336 6576 Belbrook CT 81 $33,780.88 6/20/21 80 $295000
6/20/96 95120 300 05 1.00 2506336 $34,000. San Jose
30 9/20/96 02 296 1 18.00 $412,000.

CA 10.5 2 106990000506339 10460 Gregory  91 $34,461.91 6/1/21 90 $180000
6/18/96 90630 299 05 2.25 2506339 $36,000. Cypress
40 9/1/96 00 296 1 18.00 $240,000.


CA 12. 2 106990000506340 3604 28th ST 91 $13,922.66 6/17/11 95 $170838
6/17/96 92104 180 05 3.75 2506340 $14,250. San Diego
43 9/17/96 06 176 1 18.00 $195,000.

CA 7.25 2 106990000506341 2435 Via De Los  90 $18,490.39 7/10/11 89 $376000
7/10/96 94566 180 05 2.25 2506341 $41,700. Pleasanton
41 1/10/97 06 177 1 18.00 $470,000.


UT 8.75 2 149990000506342 1275 N Valentine  81 $15,587.84 6/21/11 65 $55533
6/21/96 84116 180 05 0.50 2506342 $15,700. Salt Lake City
31 9/21/96 06 176 1 18.00 $110,000.

CO 10.25 2 108990000506344 8350  91 $6,513.47 7/1/21 87 $120000
6/28/96 80920 300 05 2.00 2506344 $19,000. Colorado Springs
26 9/28/96 00 297 1 18.00 $160,000.


CA 7.25 2 106990000506346 1725 Grandview  90 $34,619.91 5/20/11 90 $277600
6/20/96 91202 179 05 2.25 2506346 $34,700. Glendale
38 12/21/96 00 175 1 18.00 $347,000.

MN 10.5 2 127990000506353 9 Amelia Court 91 $29,671.81 7/1/21 90 $87100
6/24/96 55118 300 05 2.25 2506353 $29,900. West Saint Paul
43 9/24/96 01 297 1 18.00 $130,000.



<PAGE>
UT 8.5 2 149990000506355 230 S Center  81 $14,379.87 7/1/21 62 $53000
6/26/96 84043 300 05 0.25 2506355 $30,000. Lehi
29 9/26/96 06 297 1 18.00 $136,000.






CA 10.5 2 106990000506357 365 Meadow DR 91 $24,917.65 4/24/21 90 $126750
5/24/96 95006 299 05 2.25 2506357 $25,000. Creek
40 8/24/96 00 294 1 18.00 $169,000.

CT 8.5 2 109990000506360 45 SUNRISE CIR 81 $703.42 5/7/21 29 $30396
6/7/96 06484 299 05 0.25 2506360 $20,000. Shelton
29 9/7/96 06 295 1 18.00 $175,000.


CA 10.25 2 106990000506361 2526 Rebecca  91 $18,613.26 7/1/21 90 $107250
6/28/96 94564 300 05 2.00 2506361 $21,400. Pinole
30 9/28/96 06 297 1 18.00 $143,000.

CA 12.5 2 106990000506362 10946 Barman  91 $34,245.86 5/14/11 95 $184000
6/14/96 90230 179 05 4.25 2506362 $34,500. Culver City
36 9/14/96 00 175 1 18.00 $230,000.


CA 9.75 2 106990000506364 43522 Excelso DR 81 $74,478.41 5/18/21 67 $323214
6/18/96 94539 299 05 1.50 2506364 $75,000. Fremont
44 9/18/96 02 295 1 18.00 $600,000.

CA 11. 2 106990000506366 1311 Tolteca CT 91 $56,075.05 6/22/21 90 $452000
6/22/96 94539 300 05 2.75 2506366 $56,500. Fremont
36 9/22/96 00 296 1 18.00 $565,000.


CO 11.5 2 108990000506367 85 Oak DR 92 $35,991.62 5/21/11 100 $36346
6/21/96 81147 179 05 3.25 2506367 $36,000. Pagosa Springs
44 0 02 175 1 18.00 $72,500.

CA 12. 2 106990000506369 104 W Harding  91 $9,924.43 7/1/11 91 $85332
6/24/96 95531 180 05 3.75 2506369 $10,000. Crescent City
38 9/24/96 02 177 1 18.00 $105,000.



<PAGE>
CA 12. 2 106990000506370 1745 Redding  91 $54,099.99 6/18/11 86 $255694
6/18/96 91784 180 05 3.75 2506370 $54,600. Upland
36 9/18/96 00 176 1 18.00 $364,000.

FL 10.25 2 112990000506372 2606 W Tyson  91 $8,679.05 7/1/21 85 $117350
6/28/96 33611 300 05 2.00 2506372 $15,650. Tampa
27 9/28/96 00 297 1 18.00 $156,500.


CA 7.25 2 106990000506374 28275 La Plumosa 91 $37,823.81 5/10/21 89 $304000
6/10/96 92677 299 03 2.75 2506374 $38,000. Laguna Niguel
29 12/10/96 00 295 1 18.00 $387,000.






AZ 9.75 2 104990000506375 6261 E Placita De  81 $99,513.46 7/1/21 76 $286000
6/14/96 85750 300 03 1.50 2506375 $100,000. Tucson
27 9/14/96 00 297 1 18.00 $513,140.

VA 8.25 2 151990000506379 14484 Storehouse  81 $100,000. 6/21/21 79 $115000
6/21/96 22020 300 03 1.00 2506379 $100,000. Centreville
40 9/21/96 00 296 1 18.00 $275,000.


CA 7.25 2 106990000506380 129 N Niagara ST 91 $32,745.96 6/21/21 90 $165000
6/21/96 91505 300 05 2.25 2506380 $33,000. Burbank
40 12/21/96 02 296 1 18.00 $220,000.

CA 10.75 2 106990000506381 1030 S El Molino  91 $76,872.97 5/21/21 93 $620000
6/21/96 91107 299 05 2.50 2506381 $77,500. Pasedena
28 9/21/96 00 295 1 18.00 $750,000.


CO 11.5 2 108990000506384 8683 Gray Fox  92 $38,798.41 5/24/11 100 $176529
6/24/96 80439 179 05 3.25 2506384 $39,000. Evergreen
43 0 06 175 1 18.00 $216,000.

GA 10.5 2 113990000506386 1295 Creek  91 $28,047.17 6/14/21 90 $173992
6/14/96 30243 300 05 2.25 2506386 $28,500. Lawrenceville
35 9/14/96 06 296 1 18.00 $225,000.



<PAGE>
CA 7.25 2 106990000506391 3959 Oak Hurst  91 $39,821.43 6/17/11 95 $213600
6/17/96 95628 180 05 3.25 2506391 $40,050. Fair Oaks
30 12/17/96 00 176 1 18.00 $267,000.

FL 6.99 2 112990000506392 4539 Cemetery  81 $25,160.67 6/2/21 57 $38057
7/2/96 32798 299 05 1.00 2506392 $50,000. Tangerine
38 10/2/96 06 296 1 18.00 $154,500.


CA 7.25 2 106990000506393 1228 Delaware  91 $128.7 4/17/21 90 $167200
5/17/96 95060 299 05 3.25 2506393 $20,900. Santa Cruz
50 11/17/96 00 294 1 18.00 $209,000.

MI 7.25 2 126990000506394 62166 Linda 90 $3,361.73 7/12/11 86 $88600
7/12/96 48096 180 05 3.25 2506394 $40,000. Ray
45 1/12/97 06 177 1 18.00 $150,000.


CA 7.25 2 106990000506398 2323 Woodlake  91 $42,649.05 6/12/11 95 $194000
6/12/96 95242 180 05 4.25 2506398 $43,000. Lodi
50 12/12/96 02 176 1 18.00 $250,000.






NM 7.25 2 135990000506404 1666 Old Town  81 $14,181.32 5/10/21 70 $129402
6/10/96 87105 299 05 1.25 2506404 $17,550. Albuquerque
42 12/10/96 06 295 1 18.00 $210,000.

CA 7.25 2 106990000506405 21-A Baker ST 91 $48,000. 5/6/21 95 $375000
6/6/96 94117 299 05 4.25 2506405 $100,000. San Francisco
39 12/6/96 06 295 1 18.00 $500,000.


PA 7.25 2 142990000506407 1533 Queen PL 81 $9,923.02 5/26/21 21 $1375
6/26/96 19122 299 07 0.50 2506407 $10,000. Philadelphia
37 12/26/96 06 295 1 18.00 $55,000.

CA 7.25 2 106990000506409 1 Hingham CV 81 $15,611.31 6/19/21 80 $207000
6/19/96 94901 300 03 0.50 2506409 $21,000. San Rafael
26 12/19/96 00 296 1 18.00 $285,000.



<PAGE>
OR 11. 2 141990000506410 630 S 5th Avenue 91 $11,895.07 7/1/21 88 $99032
6/27/96 97113 300 05 2.75 2506410 $12,000. Cornelius
45 9/27/96 06 297 1 18.00 $126,500.

CA 10.5 2 106990000506411 365 Orr Street 91 $24,792.88 7/1/21 90 $48287
6/24/96 96064 300 05 2.25 2506411 $25,000. Montague
45 9/24/96 06 297 1 18.00 $82,000.


VA 11. 2 151990000506415 2749 N  91 $99,243.92 6/28/21 90 $235000
6/28/96 22207 300 05 2.75 2506415 $100,000. Arlington
44 9/28/96 00 296 1 18.00 $373,000.

GA 11. 2 113990000506417 7430 Witts End  91 $20,154.91 5/20/21 86 $81000
6/20/96 30506 299 05 2.75 2506417 $30,000. Gainesville
21 9/20/96 06 295 1 18.00 $130,000.


CA 7.25 2 106990000506421 6 Mountainbrook 91 $57,290.15 7/10/11 95 $312000
6/10/96 92720 181 03 3.75 2506421 $58,500. Irvine
37 12/10/96 00 177 1 18.00 $390,000.

MA 9.25 2 125990000506423 5 E Goulding ST 81 $25,000. 5/1/21 65 $235000
6/27/96 01770 298 05 1.00 2506423 $25,000. Sherborn
31 9/27/96 00 295 1 18.00 $404,000.


CA 6.99 2 106990000506426 10 Loma LN 81 $49,249.9 6/11/21 90 $400000
7/11/96 94070 299 05 2.25 2506426 $50,000. San Carlos
41 10/11/96 03 296 1 18.00 $500,000.






CA 6.99 2 106990000506428 24546 Apple  91 $60,061.05 7/2/21 90 $181807
7/2/96 ****** 300 05 2.50 2506428 $60,000. Newhall
27 10/2/96 03 297 1 18.00 $269,000.

CA 7.25 2 106990000506434 34601 Hurst AVE 90 $29,329.72 6/12/11 90 $241600
6/12/96 94536 180 05 2.25 2506434 $30,200. Fremont
37 12/12/96 00 176 1 18.00 $302,000.



<PAGE>
CA 7.25 2 106990000506435 400 Miner RD 91 $59,796.47 8/1/21 90 $358050
7/11/96 94563 300 05 3.75 2506435 $60,450. Orinda
49 1/11/97 00 298 1 18.00 $465,000.

NJ 6.99 2 134990000506437 670 Thoreau TER 81 $29,493.6 6/11/21 75 $85283
7/11/96 07083 299 05 1.25 2506437 $50,000. Union
26 10/11/96 06 296 1 18.00 $181,000.


CA 6.99 2 106990000506440 301 Lynnbrook  81 $65,277.05 8/1/21 77 $207000
7/8/96 94583 300 03 1.50 2506440 $66,000. San Ramon
49 10/8/96 01 298 1 18.00 $357,000.

CA 6.99 2 106990000506443 167 Terraza CT 81 $33,879.52 6/10/21 57 $99187
7/10/96 92627 299 05 1.00 2506443 $50,000. Costa Mesa
50 10/10/96 02 296 1 18.00 $263,000.


OR 8.75 2 141990000506447 3246 81st AVE  81 $10,469.3 5/15/21 79 $69023
5/15/96 97305 300 05 0.50 2506447 $25,000. Salem
42 8/15/96 02 295 1 18.00 $120,000.

CA 11. 2 106990000506448 3276 Cheshire DR 91 $40,191.12 6/26/21 90 $202500
6/26/96 95118 300 05 2.75 2506448 $40,500. San Jose
38 9/26/96 01 296 1 18.00 $270,000.


CA 8.75 2 106990000506450 1230 Via Del  81 $13,392.89 6/11/21 34 $90129
6/11/96 92084 300 05 0.50 2506450 $25,000. Vista
23 9/11/96 06 296 1 18.00 $340,000.

CA 8.25 2 106990000506452 5270 Japatul  81 $82,391.5 5/10/21 72 $219081
6/10/96 91901 299 05 2.75 2506452 $94,000. Alpine
23 9/10/96 06 295 1 18.00 $438,000.


MI 7.25 2 126990000506453 17621 Golfview 90 $2,928.93 7/12/11 85 $121500
7/12/96 48152 180 05 3.25 2506453 $10,000. Livonia
29 1/12/97 06 177 1 18.00 $156,000.







<PAGE>
WA 11.75 2 153990000506455 1903 Blakely PL 92 $63,098.7 5/20/11 100 $71748
6/20/96 98221 179 05 3.50 2506455 $63,100. Anacortes
28 0 02 175 1 18.00 $135,000.

MI 7.25 2 126990000506456 1255 Cottingham  80 $198,322.37 7/12/11 70 $772000
7/12/96 48302 180 05 1.75 2506456 $200,000. Bloomfield Hills
39 1/12/97 01 177 1 18.00 $1,400,000.


UT 12. 2 149990000506457 96 W Apple  92 $64,582.36 7/11/11 100 $260000
7/11/96 84653 180 05 3.75 2506457 $65,000. Salem
33 0 06 177 1 18.00 $325,000.

FL 11.5 2 112990000506458 101 Trudee Dee  91 $24,943.48 7/1/11 99 $103698
6/18/96 32250 180 05 3.25 2506458 $25,000. Jacksonville
46 0 06 177 1 18.00 $130,000.


WA 11.5 2 153990000506459 20015 83 RD  91 $25,075.69 5/21/21 90 $144000
6/21/96 98026 299 05 3.25 2506459 $27,000. Edmonds
47 9/21/96 02 295 1 18.00 $190,000.

CA 10.5 2 106990000506460 7713 Quakertown  91 $16,773.56 5/12/11 90 $120850
6/12/96 91306 179 05 2.25 2506460 $16,800. Los Angeles
33 9/12/96 03 175 1 18.00 $153,000.


MI 7.25 2 126990000506461 29665 Colony  90 $10,125. 6/26/11 89 $164000
6/26/96 48334 180 05 2.25 2506461 $35,000. Farmington Hills
38 12/26/96 06 176 1 18.00 $226,000.

CA 7.25 2 106990000506462 3341 Redwing PL 81 $31,669.56 8/1/21 67 $182735
7/9/96 94555 300 05 1.50 2506462 $50,000. Fremont
41 1/9/97 03 298 1 18.00 $350,000.


CA 6.99 2 106990000506463 2 Crystal Street 91 $47,545.03 7/2/21 93 $155000
7/2/96 94112 300 05 2.75 2506463 $48,000. San Francisco
31 10/2/96 06 297 1 18.00 $220,000.

CO 6.99 2 108990000506464 850 Miramonte  91 $41,853.47 6/24/11 95 $114024
7/24/96 80020 179 05 3.75 2506464 $42,000. Broomfield
33 10/24/96 06 176 1 18.00 $165,000.



<PAGE>
MA 7.25 2 125990000506466 15 Scar Hill RD 91 $59,948.21 6/12/21 94 $202459
7/12/96 01505 299 05 3.75 2506466 $60,000. Boylston
40 1/12/97 02 296 1 18.00 $281,600.






CO 8.75 2 108990000506469 7303 S Moore  91 $23,624.43 5/17/21 85 $109800
6/17/96 80127 299 05 0.50 2506469 $37,800. Littleton
45 9/17/96 02 295 1 18.00 $174,000.

CA 10.5 2 106990000506476 3455 Stoner AVE 91 $41,187.67 6/24/21 90 $332000
6/24/96 90066 300 05 2.25 2506476 $41,500. Los Angeles
43 9/24/96 00 296 1 18.00 $415,000.


CA 11.5 2 106990000506485 1777 Mitchell  92 $19,452.31 5/7/11 100 $95421
6/7/96 92680 179 07 3.25 2506485 $19,500. Tustin
39 0 02 175 1 18.00 $115,500.

CA 7.25 2 106990000506488 401 E Beverly PL 92 $19,637.95 6/28/11 100 $119895
6/28/96 95373 180 05 3.75 2506488 $20,000. Tracy
48 12/28/96 06 176 1 18.00 $140,000.


CO 9.25 2 108990000506490 807 Tenderfoot  81 $19,648.53 7/1/21 71 $141602
6/20/96 80118 300 05 1.00 2506490 $20,000. Larkspur
39 9/19/96 06 297 1 18.00 $228,000.

OR 9.25 1 141990000506491 1564 NE Todd ST 81 $49,727.72 5/10/21 80 $0
6/10/96 97470 299 05 1.00 2506491 $50,000. Roseburg
18 9/10/96 02 295 1 18.00 $63,000.


CO 7.25 2 108990000506492 1644 Muirfield  91 $21,123.39 7/12/21 89 $270000
7/12/96 80439 300 05 2.25 2506492 $30,000. Evergreen
36 1/12/97 06 297 1 18.00 $338,000.

CA 7.25 2 106990000506502 535 Frontier  91 $47,092.9 6/28/21 90 $237750
6/28/96 93465 300 05 2.75 2506502 $47,500. Templeton
26 12/28/96 00 296 1 18.00 $317,000.



<PAGE>
NJ 6.99 2 134990000506504 1 Edith CT 91 $12,955.03 6/12/21 90 $167852
7/12/96 08810 299 05 2.25 2506504 $20,000. South Brunswick
45 10/12/96 06 296 1 18.00 $210,000.

CA 6.99 2 106990000506505 87 Almendral  81 $48,409.66 7/1/21 36 $513000
6/24/96 94027 300 05 2.50 2506505 $50,000. Atherton
42 10/1/96 03 297 1 18.00 $1,600,000.


CA 10.5 2 106990000506506 3455 Sevilla Drive 91 $23,411.93 6/20/21 90 $192000
6/20/96 95073 300 05 2.25 2506506 $24,000. Soquel
44 9/20/96 06 296 1 18.00 $240,000.






CO 7.25 2 108990000506508 822 Trail Ridge  81 $42,954.34 7/18/11 75 $207000
7/18/96 80027 180 05 0.50 2506508 $43,000. Louisville
34 1/18/97 02 177 1 18.00 $334,000.

CA 9.25 2 106990000506514 1401 Brown ST 81 $26,201.43 5/23/21 80 $148800
6/23/96 94559 299 05 1.00 2506514 $26,400. Napa
42 9/23/96 06 295 1 18.00 $219,000.


CA 8.75 2 106990000506518 3432 Brokenhill  81 $48,649.77 6/13/21 80 $207000
6/13/96 91320 300 05 0.50 2506518 $49,000. Thousand Oaks
35 9/13/96 00 296 1 18.00 $320,000.

WA 11.5 2 153990000506519 10121 87th AVE  91 $24,000. 5/20/11 99 $100000
6/20/96 98498 179 05 3.25 2506519 $24,000. Tacoma
36 0 02 175 1 18.00 $126,000.


CA 7.25 2 106990000506520 9651 Kauffman  81 $35,709.02 6/26/21 61 $58143
6/26/96 90280 300 05 1.00 2506520 $36,000. Southgate
50 12/26/96 06 296 1 18.00 $155,000.

UT 8.75 2 149990000506521 6904 S Beargrass  81 $23,080.6 6/28/21 80 $66086
6/28/96 84084 300 05 0.50 2506521 $31,000. West Jordan
40 9/28/96 02 296 1 18.00 $122,000.



<PAGE>
NJ 6.99 2 134990000506522 16 Windswept  91 $37,747.22 6/17/21 90 $190850
7/17/96 07853 299 05 2.25 2506522 $38,175. Long Valley
37 10/17/96 00 296 1 18.00 $255,000.

CA 7.25 2 106990000506523 2628 Vista Del  81 $25,083.04 6/28/11 80 $184000
6/28/96 92660 180 09 1.25 2506523 $25,300. Newport Beach
43 12/28/96 06 176 1 18.00 $262,000.


NC 6.99 2 137990000506524 13300 Idlewild  91 $31,400. 6/20/21 90 $88107
6/20/96 28105 300 05 2.00 2506524 $32,000. Matthews
29 9/20/96 02 296 1 1600.00 $133,500.

CA 7.25 2 106990000506526 1234 Blacksmith  91 $19,666.01 6/21/21 83 $192750
6/21/96 95020 300 05 2.25 2506526 $20,000. Gilroy
39 12/21/96 01 296 1 18.00 $257,000.


UT 8.75 2 149990000506527 1341 W 1460 N 81 $39,314.32 6/21/11 76 $194415
6/21/96 84604 180 05 0.50 2506527 $49,900. Provo
41 9/21/96 06 176 1 18.00 $325,000.






CA 11. 2 106990000506529 2 Belfort 91 $45,372.77 6/1/21 95 $366200
6/19/96 92657 299 03 2.75 2506529 $45,700. Newport Coast
37 9/2/96 00 296 1 18.00 $436,000.

CO 11.25 2 108990000506531 16504 E  91 $39,000. 5/18/21 89 $64105
6/18/96 80017 299 05 3.00 2506531 $39,000. Aurora
30 9/18/96 06 295 1 18.00 $116,000.


CA 7.25 2 106990000506532 654 Jeffrey AVE 91 $35,146.39 6/25/21 90 $179600
6/25/96 95008 300 05 2.25 2506532 $35,900. Campbell
33 12/25/96 00 296 1 18.00 $239,500.

CA 7.25 2 106990000506533 30542 N  90 $49,738.35 6/28/11 95 $222907
6/28/96 92677 180 05 4.25 2506533 $50,000. Laguna Niguel
40 12/28/96 06 176 1 18.00 $289,000.



<PAGE>
CA 11.5 2 106990000506534 301 Windmill  91 $47,648.12 6/20/21 87 $272000
6/20/96 94043 300 05 3.25 2506534 $48,000. Mountain View
33 9/20/96 02 296 1 18.00 $370,000.

CA 7.25 2 106990000506536 79390 Bowden  91 $15,893.24 5/20/11 88 $96750
6/20/96 92260 179 05 3.25 2506536 $16,000. Indio
47 12/20/96 00 175 1 18.00 $129,000.


CA 7.25 2 106990000506538 1705 Bayou WAY 90 $42,277.6 7/1/11 90 $340000
7/1/96 90740 180 05 2.25 2506538 $42,500. Seal Beach
45 1/1/97 00 177 1 18.00 $425,000.

CA 6.99 2 106990000506539 1800 - 1800a  91 $44,885.48 8/1/21 90 $116534
7/9/96 94805 300 05 3.25 2506539 $45,400. Richmond
49 10/9/96 02 298 1 18.00 $180,000.


CA 11. 2 106990000506540 1310 11th ST 91 $76,400. 5/11/21 90 $632000
6/11/96 90266 299 05 2.75 2506540 $79,000. Manhattan Beach
42 9/11/96 00 295 1 18.00 $790,000.

CA 7.25 2 106990000506547 7247 Aquamarine  91 $31,290.03 5/21/21 90 $124500
6/21/96 92114 299 05 3.25 2506547 $31,500. San Diego
49 12/21/96 02 295 1 18.00 $175,000.


FL 10.75 2 112990000506548 14921 NW 103rd  91 $14,911.73 6/12/21 88 $64293
7/12/96 32615 299 05 2.50 2506548 $25,000. Alachua
23 0 06 296 1 18.00 $102,000.






CA 11. 2 106990000506552 14300 Terra Bella  91 $13,216.27 5/20/21 90 $106080
6/20/96 91402 299 01 2.75 2506552 $13,260. Panarama City
48 9/20/96 00 295 1 18.00 $132,600.

MA 7.25 2 125990000506553 14 Blackthorn RD 91 $45,710.65 7/23/21 90 $315000
7/23/96 01545 300 05 2.25 2506553 $49,500. Shrewsbury
43 1/24/97 06 297 1 18.00 $405,000.



<PAGE>
CA 10.25 2 106990000506554 15474 Duomo Via 81 $297,789.75 5/20/21 68 $1175000
6/20/96 90077 299 05 2.00 2506554 $300,000. Los Angeles
35 9/20/96 00 295 1 18.00 $2,200,000.

CA 9.25 2 106990000506557 2342 San Marco  81 $72,129.18 5/18/21 74 $207000
6/18/96 90068 299 05 1.00 2506557 $73,000. Los Angeles
42 9/18/96 00 295 1 18.00 $380,000.


CA 11. 2 106990000506559 7106 Pelican ST 91 $28,166.76 5/5/21 90 $141460
6/5/96 94506 299 05 2.75 2506559 $28,290. Danville
33 9/5/96 00 295 1 18.00 $188,620.

OR 7.25 2 141990000506560 3819 SE 153rd 81 $5,431.15 6/15/21 80 $89688
7/15/96 97236 299 05 0.50 2506560 $11,100. Portland
37 1/15/97 06 296 1 18.00 $126,000.


CA 7.25 1 106990000506561 1873 Amy AVE 81 $12,167.55 5/24/21 24 $0
6/24/96 95401 299 05 0.50 2506561 $50,000. Santa Rosa`
34 12/24/96 03 295 1 18.00 $208,500.

CA 7.25 2 106990000506562 363 21st Place 91 $65,998.22 5/21/11 86 $500000
6/21/96 90402 179 05 3.25 2506562 $66,200. Santa Monica
37 12/21/96 00 175 1 18.00 $662,500.


CA 12.5 2 106990000506566 2 Coronado PT 92 $90,072.57 6/15/11 100 $666050
7/15/96 92677 179 03 4.25 2506566 $90,800. Laguna Niguel
48 0 06 176 1 18.00 $760,000.

WA 8.75 2 153990000506567 527 101st AVE  90 $11,099.66 6/19/11 81 $112739
6/19/96 98205 180 05 0.50 2506567 $11,350. Everett
27 9/18/96 06 176 1 18.00 $155,000.


GA 9.25 2 113990000506571 2565 Bethany  81 $14,000. 6/20/21 80 $207000
6/20/96 30201 300 03 1.00 2506571 $87,800. Alpharetta
36 9/20/96 00 296 1 18.00 $368,500.







<PAGE>
CA 7.25 2 106990000506572 885 Lakebird DR 90 $32,623.43 5/21/11 90 $146250
6/21/96 94089 179 05 2.25 2506572 $32,850. Sunnyvale
31 12/21/96 02 175 1 18.00 $199,000.

CA 10.5 2 106990000506576 3632 Oceanhill  91 $48,069.73 4/23/21 90 $390000
5/23/96 90265 299 05 2.25 2506576 $48,750. Malibu Area
22 8/23/96 00 294 1 18.00 $487,500.


WA 10.5 2 153990000506578 424 S 32nd PL 91 $32,794.87 6/21/21 90 $123996
6/21/96 98273 300 05 2.25 2506578 $33,000. Mount Vernon
46 9/21/96 02 296 1 18.00 $176,000.

CA 10.25 2 106990000506582 783 Churrituck  91 $15,640.42 4/29/21 90 $113000
5/29/96 92154 299 05 2.00 2506582 $15,700. San Diego
29 8/29/96 06 294 1 18.00 $143,000.


UT 12.5 2 149990000506583 3136 N 1125 ST E 91 $46,600. 7/20/11 95 $72073
6/20/96 84040 181 05 4.25 2506583 $46,600. Layton
50 0 06 177 1 18.00 $125,000.

WA 9.25 2 153990000506589 1119 E 53rd Street 81 $18,947.87 5/21/21 80 $55600
6/21/96 98404 299 05 1.00 2506589 $20,000. Tacoma
42 0 02 295 1 18.00 $94,500.


MD 11.25 2 124990000506592 949 Windwhisper  91 $19,860.44 6/20/11 92 $112000
6/20/96 21403 180 05 3.00 2506592 $20,000. Annapolis
26 9/20/96 06 176 1 18.00 $144,000.

HI 10.75 2 115990000506593 1329 Kaihee ST 91 $16,362.22 6/27/21 90 $132000
6/27/96 96822 300 01 2.25 2506593 $16,500. Honolulu
41 9/27/96 01 296 1 18.00 $165,000.


CA 12.25 2 106990000506594 26407 Liberty DR 92 $22,000. 7/23/11 100 $95539
7/23/96 92544 180 05 4.00 2506594 $22,000. Hemet
37 0 02 177 1 18.00 $118,000.

CO 7.25 2 108990000506600 1515 S Vivian ST 91 $9,887.3 7/15/21 90 $134000
7/15/96 80501 300 05 2.75 2506600 $10,000. Longmont
41 1/15/97 03 297 1 18.00 $160,000.



<PAGE>
ID 6.99 2 116990000506603 1231 W North  91 $29,683.26 6/15/11 95 $55184
7/15/96 83642 179 05 3.00 2506603 $30,000. Meridian
28 10/15/96 06 176 1 18.00 $90,000.






WA 6.99 2 153990000506604 5435 W Mercer  91 $9,000. 5/20/11 93 $500000
6/20/96 98040 179 05 3.75 2506604 $100,000. Mercer Island
44 9/20/96 03 175 1 18.00 $650,000.

OR 11. 2 141990000506607 1173 NW  91 $22,750.33 2/1/11 86 $107000
3/1/96 97701 179 05 2.75 2506607 $22,800. Bend
45 9/2/96 06 172 1 18.00 $152,000.


CA 7.25 2 106990000506609 822 Strawberry  91 $25,000. 5/24/11 90 $227276
6/24/96 92026 179 05 2.25 2506609 $28,000. Escondido
27 12/24/96 06 175 1 18.00 $285,000.

CA 12. 2 106990000506611 21400 Belmont  91 $24,558.41 5/13/11 95 $149782
6/13/96 93561 179 05 3.75 2506611 $40,000. Tehachapi
42 0 06 175 1 18.00 $200,000.


UT 12. 2 149990000506613 8222 S 1640 W 91 $19,997.12 6/20/11 95 $88386
6/20/96 84088 180 05 3.75 2506613 $20,000. West Jordan
39 0 02 176 1 18.00 $115,000.

WA 12. 2 153990000506614 26476 Port  81 $29,370.98 4/23/11 64 $115000
5/23/96 98346 179 05 3.75 2506614 $70,000. Kingston
33 9/1/96 00 174 1 18.00 $290,000.


CA 7.25 2 106990000506624 929 Miramar ST 91 $39,638.82 6/27/11 94 $342804
6/27/96 92651 180 05 3.25 2506624 $40,000. Laguna Beach
37 12/27/96 06 176 1 18.00 $410,000.

CA 7.25 2 106990000506625 4307 Roma Court 91 $77,201.04 6/12/21 90 $622000
6/12/96 90292 300 05 2.75 2506625 $77,750. Marina Del Ray
38 12/12/96 00 296 1 18.00 $777,500.



<PAGE>
FL 8.25 2 112990000506627 13356 NW 2nd  81 $14,986.71 5/24/21 76 $59000
6/24/96 33182 299 05 0.50 2506627 $30,000. Miami
44 9/25/96 02 295 1 18.00 $118,000.

WA 10.5 2 153990000506628 2608 Tower Lane  90 $13,408.56 6/17/11 90 $188000
6/17/96 98422 180 05 2.25 2506628 $23,500. Tacoma
45 9/17/96 06 176 1 18.00 $235,000.


UT 6.99 2 149990000506630 8825 S Crest  81 $36,686.15 6/15/21 55 $91998
7/15/96 84093 299 05 0.50 2506630 $50,000. Sandy
39 10/15/96 06 296 1 18.00 $260,000.






CA 7.25 2 106990000506631 4216 Keystone  91 $27,419.84 7/2/21 90 $222320
7/2/96 90232 300 05 2.25 2506631 $27,700. Culver City
42 1/2/97 00 297 1 18.00 $277,900.

WA 7.25 2 153990000506632 2818 Erie ST 91 $26,503.54 6/3/11 92 $97021
7/3/96 98226 179 05 4.25 2506632 $26,800. Bellingham
50 1/3/97 06 176 1 18.00 $135,000.


WA 11.5 2 153990000506634 3106 138th ST SE 91 $11,934.8 6/13/21 87 $107500
6/13/96 98012 300 05 3.25 2506634 $12,000. Bothell
37 9/13/96 06 296 1 18.00 $138,000.

CA 7.25 2 106990000506636 3804 Avocado  81 $32,215.8 5/21/21 66 $84000
6/21/96 91941 299 05 1.50 2506636 $32,400. La Mesa
44 12/21/96 03 295 1 18.00 $177,000.


CA 6.99 2 106990000506640 3452 Zion  91 $23,220.92 6/8/21 90 $194000
7/8/96 94588 299 05 2.25 2506640 $24,200. Pleasanton
37 10/8/96 00 296 1 18.00 $242,500.

UT 7.25 2 149990000506641 7936 S 965 E 81 $11,879.19 5/30/11 80 $102000
6/30/96 84094 179 05 0.50 2506641 $22,800. Sandy
45 12/30/96 03 176 1 18.00 $156,000.



<PAGE>
CA 7.25 2 106990000506642 210 Cleveland  81 $66,942.64 5/3/21 80 $276330
6/3/96 94941 299 05 1.00 2506642 $183,600. Mill Valley
34 12/3/96 06 295 1 18.00 $575,000.

CA 6.99 2 106990000506643 18855 Newsome  81 $9,871.17 6/12/11 80 $165179
7/12/96 95014 179 05 1.25 2506643 $27,500. Cupertino
43 10/12/96 02 176 1 18.00 $241,000.


CA 7.25 2 106990000506644 8250 E Doris  91 $15,197.96 6/21/11 83 $240700
6/21/96 91775 180 05 3.25 2506644 $15,300. San Gabriel
41 12/21/96 02 176 1 18.00 $310,000.

NY 6.99 2 136990000506648 1418 54th ST 91 $100,000. 6/3/21 84 $505701
7/3/96 11219 299 05 2.75 2506648 $100,000. Brooklyn
40 10/1/96 03 296 1 18.00 $725,000.


CA 7.25 2 106990000506651 79340 Bermuda  91 $91,385.93 5/17/21 82 $207000
6/17/96 92201 299 05 3.75 2506651 $92,000. Indio
48 12/17/96 02 295 1 18.00 $365,000.






CA 11. 2 106990000506654 3102 Markridge  91 $68,500.94 5/20/21 90 $204000
6/20/96 91214 299 05 2.75 2506654 $70,000. La Crescenta
45 9/20/96 01 295 1 18.00 $305,000.

MI 7.25 2 126990000506655 9205 Peterson RD 90 $20,848.39 7/13/11 90 $105000
7/13/96 49230 180 05 3.25 2506655 $21,000. Brooklyn
35 1/13/97 02 177 1 18.00 $140,000.


GA 9.75 2 113990000506656 3410 Bellford CT 81 $6,136.76 6/23/11 68 $80000
6/24/96 30075 179 03 1.50 2506656 $87,500. Roswell
47 9/24/96 00 176 1 18.00 $247,500.

CA 7.25 2 106990000506657 17703 Atkinson  91 $22,558.61 5/26/21 90 $193200
6/26/96 90504 299 05 2.25 2506657 $23,800. Torrance
38 12/26/96 01 295 1 18.00 $241,500.



<PAGE>
FL 7.25 2 112990000506659 2919 Knights  91 $45,900. 5/28/21 95 $244800
6/28/96 33611 299 05 3.75 2506659 $45,900. Tampa
36 12/29/96 00 295 1 18.00 $306,000.

CA 10.25 2 106990000506660 475 Gatewood  91 $28,308.45 5/18/21 90 $228000
6/18/96 91024 299 05 2.00 2506660 $28,500. Sierra Maore
30 9/18/96 00 295 1 18.00 $285,000.


WA 7.25 2 153990000506661 3438 Sweet RD 91 $45,000. 5/20/21 87 $111000
6/20/96 98230 299 05 2.75 2506661 $45,000. Blaine
43 12/20/96 06 295 1 18.00 $180,000.

UT 10.75 2 149990000506663 1142 N Colorado  91 $9,364.38 5/27/21 90 $65909
6/27/96 84116 299 05 2.50 2506663 $15,000. Salt Lake City
26 9/27/96 02 295 1 18.00 $90,000.


MI 7.25 2 126990000506665 1096 Willow  90 $28,661.05 7/15/11 81 $62300
7/15/96 48307 180 05 3.25 2506665 $30,000. Rochester Hills
40 1/15/97 06 177 1 18.00 $115,000.

CA 9. 1 106990000506669 9547 Naples DR 81 $49,585.69 6/25/21 45 $0
6/25/96 90630 300 05 0.75 2506669 $200,000. Cypress
40 9/25/96 06 296 1 18.00 $450,000.


GA 6.99 2 113990000506670 1674 Watercrest  91 $29,450.97 6/15/11 90 $76347
7/15/96 30243 179 05 3.75 2506670 $29,800. Lawrenceville
42 10/15/96 06 176 1 18.00 $118,000.






CO 13. 2 108990000506676 2308 S Perry ST 91 $49,731.5 8/1/11 95 $70538
7/10/96 80219 180 05 4.75 2506676 $50,000. Denver
47 0 03 178 1 18.00 $127,000.

MD 10.5 2 124990000506680 6001  91 $27,810.59 6/18/21 90 $224000
6/18/96 20817 300 05 2.25 2506680 $28,000. Bethesda
34 9/18/96 06 296 1 18.00 $280,000.



<PAGE>
CA 7.25 2 106990000506681 207 N Rowell  81 $50,385.06 6/26/21 76 $386522
6/26/96 90266 300 05 0.75 2506681 $100,000. Manhattan Beach
26 12/26/96 06 296 1 18.00 $645,000.

CA 7.25 2 106990000506682 747 Tramway DR 81 $29,530.71 6/28/21 80 $207000
6/28/96 95035 300 05 0.50 2506682 $29,800. Milpitas
43 12/28/96 00 296 1 18.00 $296,000.


CA 7.25 2 106990000506685 556 Chapala DR 81 $217,731.16 6/29/11 68 $629276
6/29/96 90272 180 05 1.00 2506685 $250,000. Pacific Palisades
22 12/29/96 06 176 1 18.00 $1,300,000.

CA 7.25 2 106990000506686 1596 Placid CT 91 $19,045.34 7/1/21 85 $308000
7/1/96 93065 300 03 2.75 2506686 $19,200. Simi Valley
33 1/1/97 00 297 1 18.00 $385,000.


WA 11. 2 153990000506687 2230 Gale PL 91 $42,663.06 5/24/21 88 $86834
6/24/96 98203 299 05 2.75 2506687 $50,000. Everett
43 9/24/96 02 295 1 18.00 $157,000.

IL 7.25 2 117990000506692 753 Joel LN 91 $79,104.4 7/15/21 90 $279096
7/15/96 60089 300 05 3.25 2506692 $80,000. Buffalo Grove
39 1/15/97 01 297 1 18.00 $400,000.


OR 7.25 2 141990000506697 11355 SW  81 $117,321.67 8/1/21 80 $800000
7/2/96 97219 300 05 1.00 2506697 $152,000. Portland
36 1/2/97 03 298 1 18.00 $1,200,000.

CA 10.5 2 106990000506712 13615 Willow  91 $34,849.68 5/6/21 90 $280000
6/6/96 92064 299 05 2.25 2506712 $35,000. Poway
42 9/6/96 00 295 1 18.00 $350,000.


CA 10.5 2 106990000506714 1082 Grange RD 91 $29,816.36 6/26/21 90 $181000
6/26/96 95722 300 05 2.25 2506714 $36,300. Meadow Vista
44 9/26/96 06 296 1 18.00 $242,000.







<PAGE>
CA 9.75 2 106990000506719 1603 Harlan DR 91 $49,564.71 5/18/21 89 $238992
6/18/96 94526 299 05 1.50 2506719 $50,000. Danville
23 9/18/96 02 295 1 18.00 $326,000.

FL 12. 2 112990000506724 4221 NW 55th  91 $16,850. 5/28/11 95 $102850
6/28/96 33073 179 03 3.75 2506724 $16,850. Coconut Creek
39 0 03 175 1 18.00 $126,000.


UT 7.25 2 149990000506727 696 W 400 N 81 $47,582.4 7/3/21 80 $46930
6/26/96 84057 300 05 0.50 2506727 $49,000. Orem
29 12/28/96 03 297 1 18.00 $120,500.

CA 10.5 2 106990000506728 38720  91 $20,167.72 5/4/11 90 $101250
6/4/96 94536 179 01 2.25 2506728 $20,250. Freemont
29 9/4/96 00 175 1 18.00 $135,000.


CA 10.5 2 106990000506730 1762 Sunny  91 $19,549.44 5/25/21 87 $160000
6/25/96 90065 299 05 2.25 2506730 $20,000. Los Angeles
27 9/25/96 02 295 1 18.00 $207,000.

FL 10.5 2 112990000506732 18622 Lakeside  91 $11,967.32 6/19/11 90 $225000
6/19/96 33458 180 03 2.25 2506732 $48,600. Jupiter
43 9/19/96 06 176 1 18.00 $304,000.


UT 8.75 2 106990000506733 390 Utah Avenue 81 $17,744.71 6/26/21 80 $62005
6/26/96 84606 300 05 0.50 2506733 $17,800. Provo
33 9/26/96 02 296 1 18.00 $101,000.

MI 6.99 2 126990000506736 6625 Black River  91 $41,519.57 7/29/21 90 $186000
7/29/96 48422 300 05 3.25 2506736 $41,700. Croswell
49 10/29/96 02 297 1 18.00 $253,000.


CA 11. 2 106990000506737 2260 Forest Lake  91 $39,000. 6/17/21 90 $148000
6/17/96 95501 300 05 2.75 2506737 $46,500. Eureka
47 9/17/96 06 296 1 18.00 $216,500.

CA 11. 2 106990000506738 23711 W Falcon  91 $24,259.38 5/25/21 90 $196000
6/25/96 91354 299 05 2.75 2506738 $24,500. Valencia
41 9/25/96 00 295 1 18.00 $245,000.



<PAGE>
NV 11.5 2 132990000506739 3045 Parkland DR 91 $18,988.01 7/12/11 97 $114545
7/12/96 89434 180 05 3.25 2506739 $19,000. Sparks
45 0 06 177 1 18.00 $138,000.






CA 6.99 2 106990000506746 518 Lakewood  91 $9,795.96 8/1/21 88 $70500
7/1/96 96130 301 05 2.25 2506746 $12,000. Susanville
36 10/1/96 06 298 1 18.00 $94,000.

WA 10.5 2 153990000506748 4418 50th  91 $41,435.68 7/1/21 90 $139700
6/20/96 ****** 300 05 2.25 2506748 $41,750. Seattle
46 9/20/96 03 297 1 18.00 $203,000.


NY 6.99 2 136990000506750 52 Durham CT 91 $6,887.43 6/24/21 90 $84099
7/24/96 12524 299 05 3.75 2506750 $20,000. Fishkill
39 10/24/96 06 296 1 18.00 $116,000.

CA 12. 2 106990000506756 1657 Boulder  91 $26,026.83 7/1/21 90 $131250
6/27/96 92056 300 05 3.75 2506756 $26,250. Oceanside
41 9/27/96 06 297 1 18.00 $175,000.


CA 11.5 2 106990000506757 7277 Woodrow  81 $50,000. 5/30/11 75 $209450
5/30/96 90068 180 05 3.25 2506757 $50,000. Los Angeles
30 8/30/96 06 176 1 18.00 $350,000.

CA 8.75 2 106990000506759 5 Aspen CT 81 $74,393.2 7/1/21 76 $68925
6/26/96 ****** 300 09 0.50 2506759 $75,000. San Anselmo
34 9/26/96 06 297 1 18.00 $190,000.


MD 12.5 2 124990000506761 134 Three Notch  91 $17,652.31 7/1/11 95 $76618
6/25/96 20653 180 05 4.25 2506761 $18,300. Lexington Park
46 9/25/96 03 177 1 18.00 $100,000.

CA 6.99 2 106990000506765 2060 Shadow  81 $29,075.28 7/8/21 60 $56478
7/8/96 95684 300 05 0.50 2506765 $40,000. Somerset
40 10/8/96 03 297 1 18.00 $161,000.



<PAGE>
GA 8.25 2 113990000506770 9145 Twelve  91 $21,853.78 6/23/11 90 $175900
6/24/96 30076 179 05 2.00 2506770 $22,000. Roswell
27 9/24/96 06 176 1 18.00 $220,000.

WA 12. 2 153990000506773 315 Scott Hill RD 92 $51,000. 5/21/11 100 $149000
6/24/96 98674 178 05 3.75 2506773 $51,000. Woodland
38 0 01 175 1 18.00 $200,000.


UT 6.99 2 149990000506775 1153 Ramona  81 $22,865.68 6/15/21 67 $36887
7/15/96 84105 299 05 0.50 2506775 $30,000. Salt Lake City
41 10/15/96 06 296 1 18.00 $100,900.






CA 6.99 2 106990000506777 1282 White Dove  91 $93,070.13 7/2/21 83 $745283
7/2/96 91362 300 05 2.75 2506777 $100,000. Westlake Village
45 10/2/96 06 297 1 18.00 $1,025,000.

CT 7.25 2 109990000506778 101 Dingletown  81 $28,897.26 6/17/11 48 $300000
7/17/96 06830 179 05 1.00 2506778 $100,000. Greenwich
39 1/17/97 06 176 1 18.00 $850,000.


CA 11.5 2 106990000506779 1247 Orchid  91 $59,974.52 5/5/21 83 $461769
6/5/96 93111 299 05 3.25 2506779 $60,000. Santa Barbara
48 9/5/96 02 295 1 18.00 $630,000.

CA 10.5 2 106990000506783 2692 Glenrose  91 $13,400.98 5/21/21 85 $101250
6/21/96 91001 299 05 2.25 2506783 $13,500. Altadena Area
38 9/21/96 02 295 1 18.00 $135,000.


CA 8.5 2 106990000506785 419 N Platina  81 $29,132.91 7/1/21 80 $97293
6/24/96 91765 300 05 0.25 2506785 $30,000. Diamond Bar
27 9/24/96 03 297 1 18.00 $160,000.

NY 6.99 2 136990000506787 40 E 61st ST 81 $50,000. 7/16/11 39 $110000
7/16/96 10021 180 06 1.25 2506787 $50,000. New York
44 10/16/96 06 177 1 18.00 $420,000.



<PAGE>
AZ 12. 2 104990000506788 7061 E Monte  92 $22,500. 7/1/11 100 $180500
6/21/96 85208 180 03 3.75 2506788 $22,500. Mesa
46 0 06 177 1 18.00 $203,000.

CO 7.25 2 108990000506790 2367 High  81 $43,086.24 7/17/11 74 $207000
7/17/96 80026 180 05 0.50 2506790 $50,000. Lafayette
44 1/17/97 06 177 1 18.00 $350,000.


CA 10.5 2 106990000506791 1379 Vallejo DR 91 $43,918.98 5/3/21 90 $207000
6/3/96 95130 299 05 2.25 2506791 $44,100. San Jose
35 9/3/96 00 295 1 18.00 $279,000.

OR 11.5 2 141990000506795 29572 NE  92 $38,000. 7/3/11 100 $147000
7/3/96 97330 180 05 3.25 2506795 $38,000. Corvallis
37 0 06 177 1 18.00 $185,000.


UT 8.75 2 149990000506800 1801 E Tramway  91 $33,717.01 6/27/21 81 $78467
6/27/96 84092 300 05 0.50 2506800 $34,000. Sandy
25 9/27/96 06 296 1 18.00 $140,000.






UT 12. 2 149990000506801 5103 S  91 $41,046.65 7/3/21 95 $63777
7/3/96 84118 300 05 3.75 2506801 $41,500. Salt Lake City
41 0 02 297 1 18.00 $111,000.

FL 7.25 2 112990000506803 595 11th ST NW 81 $34,132.47 7/1/21 65 $83500
7/12/96 33964 299 05 1.50 2506803 $35,000. Naples
39 1/11/97 01 297 1 18.00 $185,000.


CA 10. 2 106990000506804 159 Dapplegray  81 $146,723.11 6/28/21 75 $650000
6/28/96 91307 300 05 1.75 2506804 $150,000. Bell Canyon Area
25 9/28/96 06 296 1 18.00 $1,075,000.

CA 9.25 2 106990000506805 1752 Bartels AVE 81 $122,950. 5/4/11 80 $207000
6/4/96 94548 179 05 1.00 2506805 $122,950. Knightsen
33 9/4/96 00 175 1 18.00 $415,000.



<PAGE>
CA 7.25 2 106990000506807 10783 La Terraza  90 $17,199.55 7/5/11 81 $155000
7/5/96 92708 180 03 1.00 2506807 $24,400. Fountain Valley
34 1/5/97 06 177 1 18.00 $223,000.

CA 6.99 2 106990000506808 3646 Sawtelle  91 $26,953.94 6/22/11 90 $135000
7/22/96 90666 179 05 3.75 2506808 $27,000. Los Angeles
40 10/22/96 00 176 1 18.00 $180,000.


CA 7.25 2 106990000506811 2799 Ross RD 91 $36,069.18 6/16/21 90 $320000
7/16/96 94303 299 05 2.50 2506811 $36,500. Palo Alto
40 1/16/97 01 296 1 18.00 $400,000.

GA 10.5 2 113990000506812 1101 Midsummer  91 $33,537.38 6/19/11 82 $169100
6/20/96 30068 179 03 2.25 2506812 $33,850. Marietta
38 9/20/96 06 176 1 18.00 $249,000.


UT 9.75 2 149990000506814 653 S 670 E 81 $59,500.13 6/27/21 75 $51539
6/27/96 84058 300 05 1.50 2506814 $60,000. Orem
38 9/27/96 03 296 1 18.00 $149,900.

CA 11.5 2 106990000506815 10767 Escobar  92 $41,843.88 7/1/11 100 $123000
6/24/96 92124 180 03 3.25 2506815 $42,000. San Diego
45 0 06 177 1 18.00 $165,000.


WA 11. 2 153990000506818 507 Carter Street  91 $20,842.1 7/1/21 85 $77663
6/24/96 98328 300 05 2.75 2506818 $21,000. Eatonville
42 9/24/96 06 297 1 18.00 $117,000.






CO 8.75 2 108990000506819 2622 S Mobile  81 $12,993.69 5/26/21 80 $73280
6/26/96 80013 299 05 0.50 2506819 $13,100. Aurora
23 9/26/96 03 295 1 18.00 $108,000.

CA 9.75 2 106990000506820 1070 Vista Sierra  81 $69,470.88 7/1/21 79 $306349
6/21/96 92019 300 05 1.50 2506820 $70,000. El Cajon
49 9/21/96 02 297 1 18.00 $477,000.



<PAGE>
CA 7.25 2 106990000506822 7851 Diana LN 91 $44,590.39 5/14/21 85 $138000
6/14/96 94568 299 05 2.75 2506822 $44,700. Dublin
32 12/14/96 06 295 1 18.00 $215,000.

NM 8.75 2 135990000506828 1108 Old Taos  81 $23,400. 5/28/21 25 $76462
6/28/96 87501 299 05 0.50 2506828 $50,000. Santa Fe
27 9/28/96 06 295 1 18.00 $510,000.


WI 10.5 2 155990000506830 4525 Wessex  91 $14,586.02 7/1/21 90 $131500
6/24/96 53045 300 05 2.25 2506830 $34,000. Brookfield
34 9/24/96 06 297 1 18.00 $184,000.

CA 12. 2 106990000506834 711 E Wood  91 $49,593.2 5/25/21 83 $107009
6/25/96 93720 299 05 3.75 2506834 $50,000. Fresno
45 9/25/96 06 295 1 18.00 $190,000.


UT 6.99 2 149990000506835 9633 S Annalyn  81 $32,786.4 6/17/21 80 $68947
7/17/96 84070 299 05 0.50 2506835 $35,000. Sandy
31 10/17/96 06 296 1 18.00 $130,000.

UT 9.25 2 149990000506836 5768 W  81 $9,914.81 6/26/21 65 $54931
6/26/96 84118 300 05 1.00 2506836 $10,000. Salt Lake City
36 9/26/96 02 296 1 18.00 $100,000.


CA 8.25 2 106990000506837 658 Roble Drive 91 $24,946.01 5/27/21 82 $168311
6/27/96 95037 299 05 1.50 2506837 $42,400. Morgan Hill
33 9/27/96 06 295 1 18.00 $260,000.

MI 7.25 2 126990000506840 510 Notre Dame 90 $23,943.95 7/16/11 95 $80500
7/16/96 48230 180 05 4.25 2506840 $24,000. Grosse Pointe
29 1/16/97 06 177 1 18.00 $110,000.


CA 6.99 2 106990000506842 1708 Norte Way 91 $36,141.93 7/1/21 90 $183750
7/1/96 95404 300 05 2.25 2506842 $36,500. Santa Rosa
31 10/2/96 06 297 1 18.00 $245,000.







<PAGE>
WA 9.75 2 153990000506843 1920 31st AVE S 81 $21,625.27 5/17/21 80 $207000
6/17/96 98144 299 05 1.50 2506843 $21,800. Seattle
48 9/17/96 01 295 1 18.00 $286,000.

MD 7.25 2 124990000506845 423 Ostego ST 81 $19,853.71 5/1/21 36 $6790
6/10/96 21903 298 05 0.50 2506845 $20,000. Perryville
40 12/10/96 02 295 1 18.00 $75,000.


IL 10.5 2 117990000506846 3388 Kehala DR 91 $49,592.65 6/20/21 90 $250500
6/20/96 96753 300 05 2.25 2506846 $50,000. Kihei
34 9/20/96 00 296 1 18.00 $334,000.

CA 10.5 2 106990000506847 4344 Modoc RD 91 $33,772.7 5/10/21 90 $168700
6/10/96 93110 299 01 2.25 2506847 $33,800. Santa Barbara
37 9/10/96 06 295 1 18.00 $225,000.


CA 7.25 2 106990000506848 7985 Paragon CIR 91 $61,017.35 5/20/21 90 $492600
6/20/96 94588 299 03 2.75 2506848 $61,500. Pleasanton
38 12/20/96 00 295 1 18.00 $615,779.

CA 11.5 2 106990000506849 11675 Calle  91 $44,625.68 5/25/11 90 $240000
6/25/96 92128 179 05 3.25 2506849 $45,000. San Diego
50 9/25/96 06 175 1 18.00 $320,000.


CA 11.5 2 106990000506850 1352 Sierrra Alta  91 $42,674.88 5/21/21 86 $200000
6/21/96 92680 299 05 3.25 2506850 $43,000. Tustin
50 9/21/96 06 295 1 18.00 $285,000.

CA 10.25 2 106990000506854 314 E Gail AVE 91 $21,946.92 5/21/21 89 $55810
6/21/96 93274 299 05 2.00 2506854 $45,000. Tulare
18 9/21/96 06 295 1 18.00 $113,500.


CA 8.25 2 106990000506855 6278 Grand Oak  91 $39,800. 6/26/21 90 $318400
6/26/96 95135 300 05 2.50 2506855 $39,800. San Jose
42 9/26/96 00 296 1 18.00 $398,000.

CA 10.5 2 106990000506856 29531  91 $22,027.27 5/17/21 89 $173264
6/17/96 92346 299 03 2.25 2506856 $25,000. Highland
24 9/17/96 06 295 1 18.00 $225,000.



<PAGE>
UT 6.99 2 149990000506857 4338 W 3870 S 91 $28,647.43 6/17/11 95 $96267
7/17/96 84120 179 05 3.75 2506857 $29,000. West Valley City
47 10/17/96 06 176 1 18.00 $132,000.






CA 11.5 2 106990000506860 37610 Berkshire  92 $13,000. 5/3/11 100 $105825
6/3/96 93638 179 05 3.25 2506860 $13,000. Madera
38 0 06 175 1 18.00 $119,000.

MI 7.25 2 126990000506863 5175 Winlane DR 80 $49,599.31 7/17/11 75 $567000
7/17/96 48302 180 05 1.50 2506863 $50,000. Bloomfield Hills
40 1/17/97 06 177 1 18.00 $825,000.


CA 8.25 2 106990000506870 1726 Encinal  91 $36,976.5 5/24/21 90 $186750
6/24/96 94501 299 05 2.25 2506870 $37,350. Alameda
39 9/24/96 00 295 1 18.00 $249,000.

CA 7.25 2 106990000506874 3925 Berrendo  91 $7,881.1 6/28/21 90 $206830
6/28/96 95864 300 05 2.25 2506874 $35,000. Sacramento
39 12/28/96 03 296 1 18.00 $270,000.


CA 12. 2 106990000506876 1462 Abbott AVE 92 $44,685.33 5/14/11 100 $178800
6/14/96 95008 179 05 3.75 2506876 $46,200. Campbell
44 0 06 175 1 18.00 $225,000.

CA 7.25 2 106990000506877 270 Ohio ST 91 $27,491.63 7/1/11 90 $154500
7/1/96 91106 180 01 2.25 2506877 $30,300. Pasadena
34 1/1/97 01 177 1 18.00 $206,000.


CA 7.25 2 106990000506878 19 Gilmartin DR 81 $198,155.41 7/3/21 68 $1275000
7/3/96 94920 300 05 1.75 2506878 $200,000. Tiburon
34 1/3/97 00 297 1 18.00 $2,200,000.

CA 6.99 2 106990000506880 1669 Barnett CIR 81 $17,682.58 6/1/21 79 $140000
7/1/96 94523 299 05 1.50 2506880 $44,000. Pleasant Hill
48 10/1/96 06 296 1 18.00 $233,000.



<PAGE>
WA 11.5 2 153990000506882 23904 234th PL  91 $22,433.21 6/28/11 83 $115000
6/28/96 98038 180 05 3.25 2506882 $22,500. Maple Valley
37 0 02 176 1 18.00 $167,000.

CA 10.5 2 106990000506883 12414 Willow  91 $40,279.39 6/11/21 90 $202450
6/11/96 93021 300 03 2.25 2506883 $40,500. Moorpark
44 9/11/96 00 296 1 18.00 $269,950.


CA 11. 2 106990000506886 700 Prospect  91 $29,878.1 6/7/11 90 $448105
6/7/96 91103 180 05 2.75 2506886 $30,000. Pasadena
45 9/7/96 02 176 1 18.00 $535,000.






CA 7.25 1 106990000506889 2766 Vista WAY 81 $23,035.01 5/20/21 42 $0
6/20/96 91950 299 05 1.00 2506889 $25,000. National City
40 12/20/96 03 295 1 18.00 $60,000.

CA 11.5 2 106990000506890 266 Poplar DR 91 $69,069.33 6/21/21 90 $556000
6/21/96 94904 300 05 3.25 2506890 $69,500. Kentfield
26 9/21/96 00 296 1 18.00 $695,000.


MI 12.25 2 126990000506892 714 Marlin 95 $37,834.08 7/18/11 100 $71821
7/18/96 48067 180 05 4.00 2506892 $38,100. Royal Oak
18 0 02 177 1 18.00 $110,000.

CA 6.99 2 106990000506893 1707 Lyndon ST 81 $24,771.03 7/1/11 41 $141832
7/1/96 91030 180 05 1.25 2506893 $50,000. South Pasadena
43 10/1/96 06 177 1 18.00 $475,000.


CO 12. 2 108990000506894 623 Alameda DR 91 $27,065.98 5/26/11 93 $127500
6/26/96 81321 179 05 3.75 2506894 $30,000. Cortez
33 9/26/96 06 175 1 18.00 $170,000.

OR 7.25 2 141990000506897 1300 Oak Street 91 $13,891.23 6/3/11 81 $73115
6/3/96 97448 180 05 3.25 2506897 $20,000. Junction City
27 12/3/96 02 176 1 18.00 $116,000.



<PAGE>
CA 7.25 2 106990000506898 11519 Big Four  80 $33,665.78 6/19/11 46 $55000
6/19/96 95670 180 03 0.50 2506898 $35,000. Gold River
28 12/19/96 06 176 1 18.00 $198,000.

CA 11. 2 106990000506900 306 Louis LN 91 $32,614.45 5/6/21 88 $47347
6/6/96 95932 299 05 2.75 2506900 $40,000. Colusa
50 9/6/96 02 295 1 18.00 $100,000.


CA 7.25 2 106990000506902 575 33rd Street 81 $57,677.52 6/7/21 74 $369686
6/7/96 90266 300 05 2.75 2506902 $57,900. Manhattan Beach
29 12/7/96 00 296 1 18.00 $580,000.

CA 11.5 2 106990000506905 238 Dublin ST 91 $31,933.37 6/25/21 90 $164000
6/25/96 94112 300 05 3.25 2506905 $32,200. San Francisco
38 9/25/96 06 296 1 18.00 $218,000.


CA 8.25 2 106990000506906 430 W Acacia  91 $24,700. 5/19/21 90 $197600
6/19/96 93901 299 05 2.25 2506906 $24,700. Salinas
40 9/19/96 00 295 1 18.00 $247,000.






CA 7.25 2 106990000506907 2557 Via Sanchez 91 $52,782.3 6/10/21 90 $424000
6/10/96 90274 300 05 2.75 2506907 $53,000. Palos Verdes
36 12/10/96 00 296 1 18.00 $530,000.

WA 6.99 2 153990000506912 6007 S Zuni Drive 91 $24,764.56 7/1/21 89 $174314
7/1/96 99206 300 05 2.25 2506912 $25,000. Spokane
45 10/1/96 03 297 1 18.00 $225,000.


WA 6.99 2 153990000506913 160 Tibbling RD 91 $16,904.87 7/1/21 87 $111782
7/1/96 98942 300 05 2.75 2506913 $17,000. Selah
44 10/1/96 06 297 1 18.00 $149,000.

CA 6.99 2 106990000506914 3924 Park Place  91 $30,671.44 6/27/11 95 $112500
6/27/96 91020 180 05 3.75 2506914 $30,900. Montrose
37 9/30/96 02 176 1 18.00 $151,000.



<PAGE>
CA 12. 2 106990000506915 5247 E Muir DR 91 $46,077.3 5/14/11 95 $238000
6/14/96 92669 179 05 3.75 2506915 $46,400. Orange
34 9/14/96 02 175 1 18.00 $300,000.

WA 11.5 2 153990000506916 13815 14th AVE  91 $12,999.42 6/21/11 94 $131750
6/21/96 98444 180 05 3.25 2506916 $13,000. Tacoma
41 0 02 176 1 18.00 $155,000.


CA 6.99 2 106990000506918 33252 Jamie CIR 91 $28,901.96 7/2/21 90 $233600
7/2/96 94555 300 05 2.25 2506918 $29,200. Fremont
24 10/2/96 06 297 1 18.00 $292,000.

CA 7.25 2 106990000506919 75 Montecilo 91 $36,750. 4/17/21 90 $183750
5/17/96 92610 299 03 3.75 2506919 $36,750. Foothill Ranch
44 10/17/96 02 294 1 18.00 $245,000.


CA 10.5 2 106990000506922 3312  91 $24,490.63 5/27/21 90 $197600
6/27/96 92635 299 05 2.25 2506922 $24,700. Fullerton
40 9/27/96 06 295 1 18.00 $247,000.

WA 12. 2 153990000506923 14211 NE 53rd  91 $25,690.08 5/31/11 95 $140373
6/1/96 98682 179 05 3.75 2506923 $25,800. Vancouver
42 9/1/96 02 176 1 18.00 $175,000.


AZ 6.99 2 104990000506924 1184 N  91 $17,900. 7/19/21 90 $89900
7/19/96 85224 300 05 2.50 2506924 $17,900. Chandler
41 10/19/96 00 297 1 18.00 $119,900.






CA 7.25 2 106990000506925 43 Auvergne 91 $37,405.72 5/7/21 90 $187850
6/7/96 92657 299 05 2.25 2506925 $37,550. Newport Beach
27 12/7/96 02 295 1 18.00 $251,000.

CA 7.25 2 106990000506926 6542 Shenandoah  81 $31,598.28 7/1/21 47 $141000
7/1/96 90056 300 05 1.00 2506926 $50,000. Los Angeles
50 1/1/97 06 297 1 18.00 $415,000.



<PAGE>
CA 7.25 2 106990000506927 799 Avio CT 90 $60,000. 5/24/11 82 $742500
6/24/96 94566 179 03 2.25 2506927 $60,000. Pleasanton
44 12/25/96 00 175 1 18.00 $990,000.

OR 12. 2 141990000506929 2342 NW  81 $47,683.44 7/2/21 61 $157367
7/2/96 97229 300 03 3.75 2506929 $47,800. Portland
37 0 02 297 1 18.00 $340,000.


WA 11. 2 153990000506930 3605 216th Place  91 $35,728.97 5/20/21 90 $179950
6/20/96 98029 299 05 2.75 2506930 $36,000. Issaquah
30 9/20/96 00 295 1 18.00 $240,000.

CA 6.99 2 106990000506936 43830 Ibero WAY 81 $47,597.66 7/3/21 80 $419900
7/3/96 94539 300 05 0.50 2506936 $48,100. Fremont
43 10/3/96 06 297 1 18.00 $585,000.


WA 12. 2 153990000506937 7615 Mesplay  91 $49,400. 6/20/11 95 $69276
6/15/96 98503 180 05 3.75 2506937 $49,400. Olympia
45 0 02 176 1 18.00 $125,000.

IL 10.5 2 117990000506938 1134 Randville  91 $10,000. 6/25/11 88 $60750
6/25/96 60067 180 01 2.25 2506938 $10,000. Palatine
43 9/25/96 00 176 1 18.00 $81,000.


CA 12. 2 106990000506939 315 Oceano DR 91 $99,541.91 6/25/11 99 $578286
6/25/96 90049 180 05 3.75 2506939 $100,000. Los Angeles
32 0 06 176 1 18.00 $690,000.

CO 12. 2 108990000506941 9815 W Powers  91 $34,568.59 5/26/11 95 $165000
6/26/96 80123 179 03 3.75 2506941 $39,000. Littleton
45 9/26/96 06 175 1 18.00 $215,000.


UT 7.25 2 149990000506946 138 S Eaglewood  80 $33,900. 5/24/11 72 $89813
6/24/96 84054 179 05 0.75 2506946 $200,000. North Salt Lake
35 12/24/96 06 175 1 18.00 $408,000.







<PAGE>
CA 7.25 2 106990000506949 18791 County  91 $16,787.42 7/8/21 90 $138750
7/1/96 95695 300 05 2.25 2506949 $27,700. Woodland
43 1/1/97 02 297 1 18.00 $185,000.

CA 12. 2 106990000506951 2325 Melhorn DR 91 $71,824.43 6/28/11 99 $174230
6/28/96 91803 180 05 3.75 2506951 $72,000. Alhambra
45 0 03 176 1 18.00 $250,000.


CA 7.25 2 106990000506954 8238 Cordelia  91 $10,853.52 7/3/21 95 $72000
7/3/96 95621 300 05 3.50 2506954 $13,500. Citrus Heights
22 1/3/97 06 297 1 18.00 $90,000.

MI 7.25 2 126990000506959 1046 Fox Hills  90 $19,905.4 7/18/11 89 $123000
7/18/96 48843 180 05 3.00 2506959 $60,000. Howell Township
26 1/18/97 06 177 1 18.00 $206,000.


CA 6.99 2 106990000506960 24441 Osprey ST 91 $27,112.07 6/17/11 95 $146400
7/17/96 92630 179 05 3.75 2506960 $27,450. Lake Forest
47 10/17/96 06 176 1 18.00 $183,000.

MI 7.25 2 126990000506965 1892 Heron VW 90 $19,658.51 7/18/11 88 $144310
7/18/96 48324 180 05 3.25 2506965 $20,000. West Bloomfield
37 1/18/97 06 177 1 18.00 $187,000.


CA 6.99 2 106990000506970 58 Brookside RD 91 $29,898.33 7/8/21 90 $508000
7/8/96 94563 300 05 2.75 2506970 $63,500. Orinda
41 10/8/96 00 297 1 18.00 $635,000.

CA 7.25 2 106990000506972 1428 Garrett CT 91 $16,302.42 8/1/11 92 $139538
7/11/96 94928 180 05 3.75 2506972 $16,500. Ronhart Park
47 1/11/97 03 178 1 18.00 $170,000.


CA 11. 2 106990000506974 2592 Pine View  91 $30,367.5 6/28/21 90 $153750
6/28/96 95540 300 05 2.75 2506974 $30,750. Fortuna
30 9/28/96 00 296 1 18.00 $205,000.

CA 10.5 2 106990000506982 1520 Trollman  91 $27,522.75 4/23/21 90 $161250
5/23/96 94401 299 05 2.25 2506982 $32,250. San Mateo
34 8/23/96 01 294 1 18.00 $215,000.



<PAGE>
CA 7.25 2 106990000506983 565 Worthington  91 $62,115.61 5/24/11 95 $88405
6/24/96 92251 179 05 3.75 2506983 $63,595. Imperial
44 12/24/96 06 175 1 18.00 $160,000.






CA 11. 2 106990000506986 334 Arbor DR 91 $36,799.47 5/18/21 90 $185250
6/18/96 94080 299 05 2.75 2506986 $37,050. South San
35 9/18/96 00 295 1 18.00 $247,000.

CO 6.99 2 108990000506987 3072 S Ivan WAY 81 $18,900. 6/2/21 78 $74283
7/2/96 80227 299 05 0.25 2506987 $30,000. Denver
34 10/2/96 03 296 1 18.00 $135,000.


CA 10.25 2 106990000506988 6515 N Selland  91 $33,650.33 6/19/21 83 $207000
6/19/96 93711 300 05 2.00 2506988 $37,000. Fresno
27 9/19/96 06 296 1 18.00 $295,000.

CA 12. 2 106990000506991 48 Claremont  91 $45,000. 5/28/21 95 $240000
6/28/96 94062 299 05 3.75 2506991 $45,000. Redwood City
38 9/28/96 00 295 1 18.00 $300,000.


CA 11. 2 106990000506993 15 College View  91 $47,099.99 5/21/21 90 $380000
6/21/96 94002 299 05 2.75 2506993 $47,500. San Mateo
41 9/21/96 00 295 1 18.00 $475,000.

NY 7.25 2 136990000506994 84-03 149th ST 81 $51,841.85 7/9/11 65 $135807
7/9/96 11414 180 10 1.75 2506994 $75,000. Howard Beach
47 1/8/97 06 177 1 18.00 $325,000.


CA 6.99 2 106990000506995 1196 Simmons  91 $25,103.34 7/10/21 90 $416000
7/10/96 94945 300 05 2.25 2506995 $50,000. Novato
36 10/10/96 00 297 1 18.00 $520,000.

VA 9.25 2 151990000506996 2628 Five Points  81 $149,098.98 6/15/21 58 $400000
6/15/96 22115 300 05 1.00 2506996 $150,000. Marshall
34 9/15/96 06 296 1 18.00 $950,000.



<PAGE>
CA 12.13 2 106990000506997 3120 Cafeto DR 91 $50,699.63 6/25/11 95 $275950
6/25/96 94598 180 05 3.88 2506997 $51,700. Walnut Creek
40 9/25/96 00 176 1 18.00 $344,950.

CA 7.25 2 106990000506998 18025 Green  81 $198,076.71 7/3/21 75 $793304
7/3/96 91316 300 05 2.25 2506998 $200,000. Encino Area
50 1/3/97 06 297 1 18.00 $1,340,000.


MA 6.99 2 125990000506999 Lot 8 Schaffner  91 $24,787.26 6/1/21 86 $640000
7/3/96 02030 298 05 2.00 2506999 $50,000. Dover
30 10/1/96 06 296 1 18.00 $805,000.






WA 7.25 2 153990000507000 15114 SE 48th  81 $35,646.37 6/24/21 80 $148000
6/24/96 98006 300 05 0.50 2507000 $35,900. Bellevue
42 12/24/96 03 296 1 18.00 $230,000.

CA 7.25 2 106990000507004 3405 Monterey  81 $97,281.5 6/25/11 64 $710000
6/25/96 91108 180 05 2.50 2507004 $100,000. San Marino
46 12/25/96 00 176 1 18.00 $1,270,000.


MI 7.25 2 126990000507007 6680 Heron Point 90 $54,335.99 7/18/11 94 $295000
7/18/96 48323 180 01 4.25 2507007 $55,000. West Bloomfield
47 1/18/97 06 177 1 18.00 $375,000.

WA 10.5 2 153990000507008 20408 W Indiana  91 $33,137.08 6/28/21 90 $168750
6/28/96 99022 300 05 2.25 2507008 $33,750. Medical Lake
39 9/28/96 06 296 1 18.00 $225,000.


CA 11.25 2 106990000507009 15042 El Camino  81 $99,149.04 6/1/21 49 $650000
6/28/96 95070 299 05 3.00 2507009 $100,000. Saratoga
45 9/28/96 02 296 1 18.00 $1,532,500.

CA 11.5 2 106990000507010 4 Dublin ST 91 $20,792.89 5/26/21 90 $169600
6/26/96 94112 299 05 3.25 2507010 $21,000. San Francisco
45 9/26/96 02 295 1 18.00 $212,000.



<PAGE>
VA 7.25 2 151990000507012 6030 CRIMSON  91 $150,000. 7/31/21 90 $688734
7/26/96 22101 300 05 3.00 2507012 $150,000. MC LEAN
22 1/26/97 06 298 1 18.00 $935,000.

CA 7.25 2 106990000507014 371 Mustang ST 91 $39,632.19 5/21/21 90 $204750
6/21/96 95123 299 05 2.25 2507014 $40,000. San Jose
41 12/21/96 00 295 1 18.00 $273,000.


CA 10.25 2 106990000507021 8130 Stewart  91 $32,015.84 5/7/21 90 $263200
6/7/96 90045 299 05 2.00 2507021 $32,900. Los Angeles
29 9/7/96 00 295 1 18.00 $329,000.

CA 6.99 2 106990000507022 1434 Luning DR 91 $49,997.28 6/2/11 93 $181927
7/2/96 95118 179 05 4.25 2507022 $50,000. San Jose
50 10/2/96 02 176 1 18.00 $250,000.


CA 12. 2 106990000507023 3103 Florinda LN 91 $14,802.51 6/4/11 94 $183250
6/4/96 95616 180 05 3.75 2507023 $15,000. Davis
42 9/4/96 02 176 1 18.00 $211,000.






CA 11.5 2 106990000507026 124 Dalewood PL 92 $33,700. 4/30/11 100 $174280
5/31/96 92621 179 05 3.25 2507026 $33,700. Brea
41 0 04 175 1 18.00 $208,000.

CA 12. 2 106990000507029 1741 Hopkins ST 91 $47,574.62 6/28/11 95 $256000
6/28/96 94707 180 05 3.75 2507029 $48,000. Berkeley
45 9/28/96 06 176 1 18.00 $320,000.


CA 8.5 2 106990000507030 5332 Lequel Way 81 $21,850.47 6/14/21 70 $81000
6/14/96 95608 300 05 0.25 2507030 $40,000. Carmichael
26 9/14/96 02 296 1 18.00 $175,000.

CA 12. 2 106990000507033 2103 Lone Oak  91 $24,799.76 6/25/11 95 $288000
6/25/96 94558 180 05 3.75 2507033 $25,000. Napa
45 9/25/96 06 176 1 18.00 $330,000.



<PAGE>
CA 7.25 2 106990000507040 2523 Prospect  91 $30,239.17 6/14/21 90 $152250
6/14/96 91020 300 05 2.25 2507040 $30,400. Lacrescenta Area
29 12/14/96 00 296 1 18.00 $203,000.

HI 11. 2 115990000507041 580A N Kalaheo  81 $51,200. 6/25/21 53 $219921
6/25/96 96734 300 05 2.75 2507041 $51,200. Kailua
38 9/25/96 00 296 1 18.00 $515,000.


CA 7.25 2 106990000507042 1647 Vancouver  91 $37,300. 6/24/11 95 $199200
6/24/96 94550 180 05 3.25 2507042 $37,300. Livermore
45 12/24/96 00 176 1 18.00 $249,900.

CA 7.25 2 106990000507043 3085 Kentridge  81 $14,000. 5/7/21 80 $178000
6/7/96 95133 299 05 0.50 2507043 $14,000. San Jose
44 12/7/96 01 295 1 15.00 $240,000.


CA 11.5 2 106990000507044 2482 Lemur ST 92 $19,943.63 6/21/11 100 $174000
6/26/96 95401 179 05 3.25 2507044 $19,600. Santa Rosa
42 0 02 176 1 18.00 $194,000.

CA 7.25 2 106990000507045 2917 Adams ST 91 $37,642.92 5/26/21 90 $189750
6/26/96 91214 299 05 2.75 2507045 $37,950. La Crescenta (
37 12/26/96 02 295 1 18.00 $253,000.


OR 12. 2 141990000507047 3730 SW  91 $50,000. 2/23/11 93 $312000
2/23/96 97201 180 05 3.75 2507047 $50,000. Portland
34 0 02 172 1 18.00 $390,000.






CA 7.25 2 106990000507048 12705 Sarah  91 $28,641.95 6/14/11 90 $230800
6/14/96 91604 180 05 2.75 2507048 $28,800. Studio City
39 12/14/96 00 176 1 18.00 $288,500.

CA 9.25 2 106990000507052 15156 N  81 $23,272.85 6/5/21 61 $113000
6/5/96 95959 300 05 1.00 2507052 $35,000. Nevada City
47 9/5/96 02 296 1 18.00 $245,000.



<PAGE>
CA 9.25 2 106990000507053 498 Copeland ST 81 $47,213.16 6/21/21 80 $312000
6/21/96 94044 300 05 1.00 2507053 $48,000. Pacifica
44 9/21/96 02 296 1 18.00 $450,000.

CA 8.75 2 106990000507054 3168 California  81 $25,955.65 6/28/21 80 $127503
6/28/96 94602 300 05 0.50 2507054 $28,000. Oakland
38 9/28/96 06 296 1 18.00 $195,000.


HI 10.5 2 115990000507056 4242 Lower  91 $44,449.01 6/28/21 90 $121500
6/28/96 96761 300 01 2.25 2507056 $44,900. Lahaina
39 9/28/96 06 296 1 18.00 $184,988.

CA 7.25 2 106990000507057 9476 Readcrest  91 $77,793.21 6/20/21 89 $627000
6/20/96 90210 300 05 2.75 2507057 $78,300. Los Angeles
36 12/20/96 06 296 1 18.00 $800,000.


MI 7.25 2 126990000507060 3231 W Maple 90 $25,802.39 7/19/11 90 $131250
7/19/96 48301 180 05 3.25 2507060 $26,200. Birmingham
50 1/19/97 06 177 1 18.00 $175,000.

CA 8.75 2 106990000507061 158 Gardenia  81 $41,422.52 6/6/21 80 $106000
6/6/96 93010 300 05 0.50 2507061 $50,000. Camarillo Area
37 9/6/96 06 296 1 18.00 $195,000.


CA 7.25 2 106990000507064 532 24th ST 91 $15,852.17 7/3/21 85 $292000
7/3/96 90266 300 05 2.75 2507064 $16,000. Manhattan Beach
43 1/3/97 06 297 1 18.00 $365,000.

MI 7.25 2 126990000507065 16621 34 Mile RD 90 $9,902.28 7/18/11 84 $82258
7/18/96 48005 180 05 3.25 2507065 $10,000. Armada
33 1/18/97 06 177 1 18.00 $110,000.


IL 7.25 2 117990000507066 13510 S Pawnee  91 $12,183.42 7/8/21 90 $338500
7/8/96 60462 300 05 3.25 2507066 $12,500. Orland Park
42 1/9/97 06 297 1 18.00 $390,000.







<PAGE>
FL 9.75 1 112990000507067 2803 Beach DR 81 $49,000. 6/26/21 34 $0
6/26/96 33629 300 05 1.50 2507067 $120,000. Tampa
34 9/26/96 06 296 1 18.00 $360,000.

CA 11.5 2 106990000507072 1843 South  92 $19,000. 6/7/11 100 $69000
6/7/96 95204 180 05 3.25 2507072 $19,000. Stockton
39 0 02 176 1 18.00 $88,000.


CA 7.25 2 106990000507073 347 N Vista  91 $33,613.4 6/26/11 90 $98000
6/26/96 91741 180 05 2.25 2507073 $44,200. Glendora
41 12/26/96 06 176 1 18.00 $158,000.

WA 8.75 2 153990000507075 503 NE 125th CIR 81 $18,000. 6/7/21 72 $194685
6/7/96 98685 300 05 0.50 2507075 $30,000. Vancouver
43 9/7/96 03 296 1 18.00 $315,000.


HI 8.25 2 115990000507076 111 Kaniko Place 92 $36,308.73 6/25/11 100 $209614
6/25/96 96786 180 05 3.25 2507076 $46,000. Wahiawa
40 9/25/96 06 176 1 18.00 $256,000.

CA 7.25 2 106990000507080 252 W Latimer  81 $17,800.77 5/7/21 71 $160726
6/7/96 95008 299 05 0.50 2507080 $25,000. Campbell
45 12/7/96 06 295 1 18.00 $264,000.


CO 6.99 2 108990000507081 2065 Oakland ST 91 $25,636.25 6/8/11 95 $59201
7/8/96 80010 179 05 3.75 2507081 $37,000. Aurora
44 10/8/96 02 176 1 18.00 $102,000.

MI 7.25 2 126990000507082 2199 N Fairview  80 $8,293.81 7/19/11 72 $114000
7/19/96 48306 180 05 1.50 2507082 $30,000. Rochester Hills
40 1/19/97 01 177 1 18.00 $200,000.


CA 6.99 2 106990000507084 886 Lees AVE 81 $54,867.24 7/1/11 79 $124926
7/1/96 90815 180 05 2.00 2507084 $60,000. Long Beach
46 10/1/96 02 177 1 18.00 $235,000.

CA 7.25 2 106990000507085 30604 Cartier DR 91 $45,258.87 6/10/21 86 $364000
6/10/96 90275 300 05 2.25 2507085 $45,500. Rancho Palos
29 12/10/96 00 296 1 18.00 $480,000.



<PAGE>
CA 8.25 2 106990000507086 3391 Whitman  81 $35,000. 5/7/21 66 $229000
6/7/96 95132 299 05 1.25 2507086 $35,000. San Jose
40 9/7/96 06 295 1 15.00 $400,000.






FL 10.75 2 112990000507094 2411 Parson LN 91 $20,000. 6/26/21 90 $61000
6/26/96 34239 300 05 2.50 2507094 $20,000. Sarasota
30 9/26/96 06 296 1 18.00 $90,000.

WA 12. 2 153990000507095 3853 22nd AVE  91 $38,225.49 5/24/11 91 $174000
6/24/96 98106 179 05 3.75 2507095 $50,000. Seattle
39 9/24/96 02 175 1 18.00 $247,000.


CA 7.25 2 106990000507096 607 Gary Place 91 $39,631.78 6/1/11 90 $320000
7/1/96 92663 179 05 2.25 2507096 $40,000. Newport Beach
40 1/1/97 06 176 1 18.00 $400,000.

CA 12. 2 106990000507098 592 Paseo Grande 91 $59,557.8 6/16/11 99 $262219
7/16/96 91320 179 05 3.75 2507098 $60,000. Thousand Oaks
39 0 06 176 1 18.00 $328,000.


CA 11.5 2 106990000507099 451 E  91 $13,493.7 6/6/21 85 $101000
6/6/96 91001 300 05 3.25 2507099 $43,000. Altadena
47 9/6/96 03 296 1 18.00 $170,000.

CO 8.75 2 108990000507101 7598 W Trail  81 $4,859.28 5/25/21 78 $198495
6/25/96 80125 299 03 0.50 2507101 $10,000. Littleton
42 9/25/96 06 295 1 18.00 $269,000.


CA 12. 2 106990000507104 1080 N Concourse 91 $40,173.97 5/21/11 98 $165000
6/21/96 90631 179 05 3.75 2507104 $50,000. La Habra
47 0 01 175 1 18.00 $220,000.

ID 7.25 2 116990000507105 1940 N Waterfall  91 $17,100. 5/5/11 95 $98800
6/5/96 83642 179 03 3.75 2507105 $17,100. Meridian
45 12/5/96 02 175 1 18.00 $122,000.



<PAGE>
UT 7.25 2 149990000507106 3355 E Tall Pine  91 $34,700. 5/27/21 90 $247500
6/27/96 84121 299 05 2.25 2507106 $48,500. Salt Lake City
45 12/27/96 03 295 1 18.00 $330,000.

CA 11.5 2 106990000507109 439 Carnation  91 $79,576.78 5/21/21 85 $455000
6/21/96 92625 299 10 3.25 2507109 $100,000. Corona Del Mar
41 9/21/96 00 295 1 18.00 $655,000.


CA 7.25 2 106990000507111 1145 9th ST 91 $29,583.84 6/3/21 85 $476000
6/3/96 90254 300 05 2.25 2507111 $29,700. Hermosa Beach
36 12/3/96 00 296 1 18.00 $595,000.






CA 7.25 2 106990000507112 2267 Lambert DR 91 $39,570.09 6/27/21 85 $320000
6/27/96 91107 300 05 2.25 2507112 $40,000. Pasadena
45 12/27/96 00 296 1 18.00 $425,000.

CA 7.25 2 106990000507114 3725 Ventura  91 $27,812.59 6/11/21 90 $224000
6/11/96 91423 300 05 2.75 2507114 $28,000. Los Angeles -
42 12/11/96 06 296 1 18.00 $280,000.


CA 10.5 2 106990000507116 7159 Brisbane  91 $49,272.56 4/29/21 90 $207000
5/29/96 95129 299 09 2.25 2507116 $49,500. San Jose
30 8/29/96 00 294 1 18.00 $285,000.

VA 7.25 2 151990000507117 628 John Marshall 91 $14,207.06 6/25/21 90 $144035
6/20/96 22180 300 05 2.25 2507117 $14,300. Vienna
40 12/20/96 02 296 1 18.00 $176,000.


CA 7.25 2 106990000507118 1112 Calle Pinata 81 $24,847.25 6/7/11 69 $147000
6/7/96 91360 180 05 0.50 2507118 $25,000. Thousand Oaks
25 12/7/96 06 176 1 18.00 $250,000.

CT 5.99 2 109990000507119 284 Riversville  91 $51,701.87 7/1/21 93 $547487
7/31/96 06831 299 05 3.00 2507119 $90,000. Greenwich
29 10/31/96 06 297 1 18.00 $785,000.



<PAGE>
CA 8.25 2 106990000507120 35717 Lasiandra  81 $19,602.58 6/5/21 77 $207000
6/5/96 95616 300 05 0.50 2507120 $50,000. Davis
41 9/5/96 00 296 1 18.00 $337,000.

CO 7.25 2 108990000507141 1425 Stonehenge  91 $22,419.09 6/19/21 90 $116749
7/19/96 80525 299 05 2.00 2507141 $22,700. Fort Collins
28 1/19/97 02 296 1 18.00 $155,000.


PA 7.25 2 142990000507150 903 Bryn Mawr  80 $79,500.87 5/18/11 71 $750000
6/18/96 19072 179 05 1.00 2507150 $100,000. Narberth
31 12/18/96 06 175 1 18.00 $1,200,000.

CA 10.5 2 106990000507155 1876 Stowe AVE 91 $24,378.82 5/19/21 90 $123750
6/19/96 95116 299 05 2.25 2507155 $24,750. San Jose
48 9/19/96 06 295 1 18.00 $165,000.


OR 11. 2 141990000507157 28562 SW  91 $100,000. 6/12/21 89 $243350
6/12/96 97123 300 05 2.75 2507157 $100,000. Hillsboro
32 9/12/96 02 296 1 18.00 $390,000.






CA 8.75 2 106990000507158 1053 Division  81 $25,552.78 5/6/21 80 $197848
6/6/96 94566 299 03 0.50 2507158 $26,000. Pleasanton
35 9/6/96 02 295 1 18.00 $282,000.

CA 6.99 2 106990000507159 500 Country  81 $84,308.51 7/1/21 80 $952966
7/1/96 91361 300 03 1.50 2507159 $85,000. Westlake Village
47 10/1/96 02 297 1 18.00 $1,305,000.


CA 7.25 2 106990000507160 1020 Rancho  91 $100,000. 6/24/21 87 $330460
6/24/96 94952 300 05 3.25 2507160 $100,000. Petaluma
38 12/25/96 01 296 1 18.00 $495,000.

OR 10.5 2 141990000507161 1855 NW Alder  91 $31,925.04 6/11/21 90 $77509
6/11/96 97128 300 05 2.25 2507161 $32,100. McMinnville
30 9/11/96 06 296 1 18.00 $121,800.



<PAGE>
OR 7.25 2 141990000507163 17219 SW Pacific  91 $49,784.5 6/6/11 94 $180000
6/6/96 97224 180 05 3.75 2507163 $50,000. Tigard
42 12/6/96 06 176 1 18.00 $245,000.

CA 12. 2 106990000507165 6333 Barbara LN 92 $49,844. 7/8/11 100 $200000
7/2/96 95602 180 05 3.75 2507165 $50,000. Auburn
38 0 06 177 1 18.00 $250,000.


CA 10.5 2 106990000507168 2333 Muirwoods  91 $26,440.11 6/5/21 87 $174000
6/5/96 95616 300 05 2.25 2507168 $27,800. Davis
37 9/5/96 00 296 1 18.00 $232,000.

CA 10.5 2 106990000507173 4876 Academy  91 $43,001.84 5/24/21 90 $300000
6/24/96 92109 299 05 2.25 2507173 $43,800. San Diego
39 9/24/96 00 295 1 18.00 $382,000.


NY 7.25 2 136990000507180 190 Charles ST 81 $6,674.56 6/9/21 70 $107072
7/3/96 11762 299 05 1.75 2507180 $25,000. Massapequa Park
16 1/3/97 06 296 1 18.00 $190,000.

CA 7.25 2 106990000507182 206 La Salle 91 $67,421.69 6/5/11 95 $292521
7/5/96 92672 179 05 3.75 2507182 $68,400. San Clemente
40 1/5/97 06 176 1 18.00 $380,000.


CA 7.25 2 106990000507184 2058 Redcliff ST 91 $37,252.97 6/26/21 89 $258929
6/26/96 90039 300 05 2.75 2507184 $100,000. Los Angeles
44 12/26/96 03 296 1 18.00 $405,000.






CA 6.99 2 106990000507191 2445 N  91 $40,175.85 7/10/21 90 $328000
7/10/96 90027 300 05 2.75 2507191 $41,000. Los Angeles
28 10/10/96 00 297 1 18.00 $410,000.

NY 7.25 2 136990000507193 130 Shoreward  91 $25,556.08 5/19/21 89 $328000
6/19/96 11021 299 05 1.00 2507193 $41,000. Great Neck
46 12/19/96 00 295 1 18.00 $419,000.



<PAGE>
CA 9.75 2 106910000507199 1308 California  91 $59,407.93 6/18/21 77 $190400
7/18/96 90403 299 01 1.50 2507199 $66,000. Santa Monica
40 0 06 296 1 18.00 $335,000.

WA 7.25 2 153990000507202 4029 252nd AVE  91 $38,739.73 6/21/21 90 $194950
6/21/96 98029 300 05 2.25 2507202 $39,000. Issaquah
39 12/21/96 00 296 1 18.00 $260,678.


GA 11. 2 113990000507205 2410 Kings WAY 91 $20,767.37 6/23/21 84 $168000
6/24/96 30130 299 05 2.75 2507205 $21,000. Cumming
49 9/24/96 02 296 1 18.00 $227,000.

CA 11.5 2 106990000507207 644 Azule AVE 91 $20,100. 5/19/11 90 $160800
6/19/96 95123 179 05 3.25 2507207 $20,100. San Jose
43 0 00 175 1 18.00 $201,000.


WA 7.25 2 153990000507208 5123 134th ST SE 91 $47,231.74 7/8/11 95 $89000
7/8/96 98208 180 05 3.75 2507208 $47,700. Everett
30 1/8/97 02 177 1 18.00 $145,000.

CA 7.25 2 106990000507209 6103 Caminito  91 $11,574.86 6/3/11 90 $79896
7/3/96 92122 179 01 2.25 2507209 $20,000. San Diego
34 1/3/97 06 176 1 18.00 $111,000.


HI 7.25 2 115990000507211 114 Miha PL 91 $48,900. 7/2/21 90 $198535
7/2/96 96753 300 05 2.75 2507211 $48,900. Kihei
42 1/2/97 02 297 1 18.00 $275,000.

CA 6.99 2 106990000507213 4496 Sycamore  81 $37,300. 6/1/21 52 $91442
6/25/96 91709 299 05 2.25 2507213 $37,300. Chino Hills
50 9/30/96 00 296 1 15.00 $250,000.


WA 7.25 2 153990000507214 10019 37th AVE  91 $21,455.94 6/20/11 95 $115250
6/20/96 98146 180 05 3.75 2507214 $21,600. Seattle
33 12/20/96 06 176 1 18.00 $145,000.







<PAGE>
CA 6.99 2 106990000507218 5921 E Cowboy  91 $49,500. 6/1/11 95 $264000
6/24/96 92807 179 05 3.75 2507218 $49,500. Anaheim
39 9/30/96 00 176 1 18.00 $330,500.

CA 11.5 2 106990000507219 21695 Superior  92 $24,360.92 6/1/11 100 $220450
7/1/96 92630 179 03 3.25 2507219 $24,500. Lake Forest
45 0 06 176 1 18.00 $245,000.


MD 12. 2 124990000507221 12207 Rilland CT 92 $99,985.45 7/2/11 100 $315551
6/27/96 21042 180 05 3.75 2507221 $100,000. Ellicott City
45 0 02 177 1 18.00 $417,000.

CA 6.99 2 106990000507224 12745 Martha  81 $20,000. 7/2/21 77 $206663
7/2/96 90720 300 05 2.25 2507224 $20,000. Los Alamitos
44 10/2/96 00 297 1 15.00 $295,000.


AZ 11.25 2 104990000507227 1237 N Pebble  92 $1,246.39 5/23/11 100 $106000
5/23/96 85234 180 03 3.00 2507227 $11,900. Gilbert
29 0 06 175 1 18.00 $119,000.

CA 11.5 2 106990000507228 1416 5th Street 91 $40,000. 5/20/11 95 $111000
6/20/96 91750 179 05 3.25 2507228 $40,000. La Verne
44 9/20/96 01 175 1 18.00 $160,000.


CA 7.25 2 106990000507231 22446 Dolorosa  91 $24,828.33 5/19/21 90 $129750
6/19/96 91367 299 05 2.75 2507231 $25,000. Woodland Hills
43 12/19/96 00 295 1 18.00 $173,000.

MI 7.25 2 126990000507234 8510 Kenwood 90 $10,000. 7/12/11 89 $57000
7/12/96 48237 180 05 3.25 2507234 $10,000. Oak Park
37 1/12/97 06 177 1 18.00 $76,000.


CA 11. 2 106990000507235 12354 Briardale  91 $19,803.9 6/20/21 88 $182177
6/20/96 92128 300 03 2.75 2507235 $20,000. San Diego
50 9/20/96 06 296 1 18.00 $230,000.

CA 9.75 2 106990000507238 259 20th ST 81 $74,301.14 6/20/21 72 $925705
6/20/96 90402 300 05 1.50 2507238 $100,000. Santa Monica
48 9/20/96 01 296 1 18.00 $1,425,000.



<PAGE>
CA 7.25 2 106990000507239 5942 Broken  91 $31,853.42 6/1/21 90 $256000
7/1/96 93063 299 05 2.75 2507239 $32,000. Simi Valley
42 1/1/97 02 296 1 18.00 $320,000.






CA 11. 2 106990000507241 1625 Dolan AVE 91 $36,915.53 6/27/11 90 $187500
6/27/96 94401 180 05 2.75 2507241 $37,500. San Mateo
49 9/27/96 01 176 1 18.00 $250,000.

FL 7.25 2 112990000507242 1337 Blue RD 91 $10,000. 5/30/21 84 $218000
5/30/96 33146 300 05 2.75 2507242 $10,000. Coral Gables
32 11/30/96 00 296 1 18.00 $272,500.


CA 11.5 2 106990000507243 6265 Canoga  91 $20,057.34 5/18/21 90 $102000
6/18/96 91367 299 01 3.25 2507243 $20,400. Los Angeles
46 9/18/96 00 295 1 18.00 $136,000.

FL 7.25 2 112990000507244 949 NW 128th PL 91 $20,553.71 6/24/21 90 $103482
6/24/96 33182 300 05 3.75 2507244 $20,700. Miami
41 12/24/96 06 296 1 18.00 $138,000.


OR 7.25 2 141990000507245 20007 Olsen RD 81 $30,858.56 6/4/21 79 $207000
6/4/96 97004 300 05 0.50 2507245 $40,000. Portland
47 12/4/96 06 296 1 18.00 $315,000.

CA 10.25 2 106990000507248 824 Alberta  91 $11,922.67 5/14/21 88 $147625
6/14/96 93101 299 05 2.00 2507248 $36,500. Santa Barbara
29 9/14/96 06 295 1 18.00 $210,000.


AZ 7.25 2 104990000507249 1434 W Kandy  91 $23,795.21 5/1/11 95 $128000
6/27/96 85745 178 03 3.75 2507249 $24,000. Tucson
44 12/27/96 06 175 1 18.00 $160,000.

FL 7.25 2 112990000507250 5911 SW 94th CT 81 $31,161.43 6/5/21 80 $86500
6/5/96 33173 300 05 0.50 2507250 $31,400. Miami
33 12/5/96 06 296 1 18.00 $148,000.



<PAGE>
VA 12. 2 151990000507252 1501 Rosewood  91 $37,426.38 6/27/11 95 $106750
6/27/96 23464 180 05 3.75 2507252 $37,700. Virginia Beach
31 9/27/96 01 176 1 18.00 $153,000.

CA 7.25 2 106990000507253 17358 Rancho ST 81 $39,716.43 6/24/21 55 $159394
6/24/96 91316 300 05 0.50 2507253 $40,000. Los
44 12/24/96 02 296 1 18.00 $365,000.


NV 9.25 2 132990000507254 418 Kingsbury  81 $34,782.59 6/14/11 60 $88566
6/14/96 89449 180 07 1.00 2507254 $35,000. Stateline
38 9/14/96 03 176 1 18.00 $206,000.






FL 7.25 2 112990000507256 1070 NE 178th  91 $31,246.59 6/28/21 90 $72000
6/28/96 33162 300 05 2.25 2507256 $31,500. Miami
42 12/28/96 06 296 1 18.00 $115,000.

CA 6.99 2 106990000507259 4157 Fulton AVE 91 $44,599.08 6/2/21 90 $207000
7/2/96 91423 299 05 2.75 2507259 $45,000. Sherman Oaks
44 10/2/96 00 296 1 18.00 $280,000.


CA 7.25 2 106990000507262 292 Grand ST 91 $47,442.84 8/1/21 85 $253600
7/19/96 94062 300 05 4.25 2507262 $47,550. Redwood City
46 1/19/97 02 298 1 18.00 $355,000.

CA 7.25 2 106990000507263 2048 Holly DR 91 $42,252.55 7/10/11 95 $228000
7/10/96 90068 180 05 3.25 2507263 $42,700. Los Angeles
28 1/10/97 06 177 1 18.00 $285,000.


FL 7.25 1 112990000507266 6295 SW 126th  81 $174,000. 6/28/21 54 $0
6/28/96 33156 300 05 1.50 2507266 $174,000. Miami
50 12/28/96 02 296 1 18.00 $323,000.

CA 7.25 2 106990000507268 4693 Da Vinci 91 $40,610.05 7/1/21 90 $204750
6/24/96 92103 300 05 2.75 2507268 $40,900. San Diego
37 12/24/96 06 297 1 18.00 $273,000.



<PAGE>
UT 7.25 2 149990000507270 4035 S 6820 W 90 $18,109.16 6/3/11 95 $84689
7/3/96 84120 179 05 3.75 2507270 $35,000. West Valley
42 1/3/97 06 176 1 18.00 $126,000.

CA 6.99 2 106990000507276 3416 Julian AVE 91 $40,800. 8/8/11 95 $217600
8/8/96 90808 180 05 3.75 2507276 $40,800. Long Beach
43 11/8/96 00 178 1 15.00 $272,000.


CA 11.5 2 106990000507280 51 Jersey Street 81 $10,000. 6/17/21 68 $202000
6/17/96 94114 300 01 3.25 2507280 $10,000. San Francisco
30 9/17/96 06 296 1 18.00 $315,000.

CA 12.5 2 106990000507285 13787 Garber ST 91 $25,740.13 5/28/11 93 $112500
6/28/96 91331 179 05 4.25 2507285 $26,000. Pocoima Area
42 9/28/96 03 175 1 18.00 $150,000.


WA 11. 2 153990000507286 7607 40th Street  91 $94,032.12 6/24/21 90 $150000
6/24/96 98335 300 03 2.75 2507286 $94,800. Gig Harbor
39 9/24/96 00 296 1 18.00 $272,000.






CA 8.75 2 106990000507290 18837 Malden  81 $17,726.52 5/20/21 80 $112000
6/20/96 91324 299 05 0.50 2507290 $20,000. Northridge Area
43 9/20/96 06 295 1 18.00 $165,000.

CA 12. 2 106990000507291 700 Fellowship  91 $48,394.67 5/20/11 95 $259700
6/20/96 93109 179 05 3.75 2507291 $48,750. Santa Barbara
39 9/20/96 02 175 1 18.00 $325,000.


CA 11.5 2 106990000507294 2613 W 102nd  92 $49,960.9 5/25/11 100 $204000
6/25/96 90303 179 05 3.25 2507294 $50,000. Inglewood
44 0 06 175 1 18.00 $255,000.

CA 6.99 2 106990000507297 2976 Nicada  91 $54,000. 7/1/21 90 $432000
7/1/96 90077 300 01 3.25 2507297 $54,000. Los Angeles
40 10/2/96 00 297 1 18.00 $540,000.



<PAGE>
CA 10.5 2 106990000507300 5892 Richmond  91 $34,294.31 6/21/21 90 $176250
6/21/96 ****** 300 05 2.25 2507300 $35,250. Garden Grove
33 9/21/96 00 296 1 18.00 $235,000.

NV 6.99 2 132990000507301 4405 Wavecrest  91 $33,299.9 6/3/11 92 $85322
7/3/96 89108 179 05 3.25 2507301 $34,000. Las Vegas
45 10/3/96 06 176 1 18.00 $130,000.


NC 12.5 2 137990000507304 4421 Hunters  92 $49,910.95 8/1/11 100 $232250
7/1/96 27012 181 05 4.25 2507304 $75,000. Clemmons
49 0 06 178 1 1600.00 $310,000.

AZ 7.25 2 104990000507314 502 W  81 $34,506.28 6/20/21 77 $103474
7/20/96 85023 299 05 0.50 2507314 $50,000. Phoenix
44 1/20/97 06 296 1 18.00 $200,000.


CA 7.25 2 106990000507316 20777 Greenleaf  91 $23,241.83 7/10/21 84 $495900
7/10/96 95014 300 05 2.25 2507316 $24,000. Cupertino
31 1/10/97 00 297 1 18.00 $619,900.

UT 7.25 2 149990000507317 1815 E 3900 S 81 $9,990.3 6/22/21 80 $119421
7/22/96 84124 299 05 1.00 2507317 $20,000. Salt Lake City
50 1/22/97 06 296 1 18.00 $174,500.


UT 7.25 2 149990000507318 1455 E Parkway  81 $42,614.56 5/24/11 74 $68964
6/24/96 84106 179 05 2.00 2507318 $47,000. Salt Lake City
50 12/25/96 06 175 1 18.00 $158,000.






WA 7.25 2 153990000507319 4009 31st AVE W 81 $13,151.19 6/17/21 79 $189185
7/17/96 98199 299 05 0.50 2507319 $15,000. Seattle
43 1/17/97 06 296 1 18.00 $260,000.

ID 8.75 2 116990000507321 5521 N  81 $34,749.08 5/21/21 71 $77328
6/21/96 83713 299 05 0.50 2507321 $35,000. Boise
41 9/21/96 06 295 1 18.00 $159,000.



<PAGE>
NJ 6.99 2 134990000507322 481 Long Hill DR 91 $29,772.35 6/19/21 90 $408601
7/19/96 07078 299 05 2.75 2507322 $113,000. Twp Of Millburn
44 10/19/96 06 296 1 18.00 $580,000.

CA 8.25 2 106990000507323 180 Paradise  91 $33,741.57 6/27/21 83 $226597
6/27/96 93907 300 05 2.75 2507323 $42,500. Salinas
47 9/27/96 02 296 1 18.00 $325,000.


WA 5.99 2 153990000507324 7511 126th AVE  91 $34,822.31 6/29/11 92 $121000
7/29/96 98033 179 05 4.00 2507324 $35,000. Kirkland
35 10/29/96 03 176 1 18.00 $170,000.

CA 6.99 2 106990000507327 410 Mount  91 $25,368.58 7/1/21 90 $127500
7/1/96 90065 300 05 2.25 2507327 $25,500. Los Angeles
32 10/1/96 00 297 1 18.00 $170,000.


CA 5.99 2 106990000507328 12018 Laurel LN 91 $150,000. 7/26/21 86 $650000
7/26/96 91604 300 05 3.75 2507328 $150,000. Studio City
29 10/26/96 06 297 1 15.00 $935,000.

CA 11. 2 106990000507330 41837 Corte  91 $33,300. 5/24/21 90 $166650
6/24/96 92592 299 03 2.75 2507330 $33,300. Temecula
48 9/24/96 00 295 1 18.00 $222,237.


HI 7.25 2 115990000507331 7086 Ehu Wai PL 91 $73,450. 4/10/21 90 $587600
4/10/96 96825 300 03 2.75 2507331 $73,450. Honolulu
34 10/10/96 00 294 1 18.00 $735,000.

CA 10.5 2 106990000507333 3259 W Sierra DR 91 $34,000. 6/20/21 90 $272000
6/20/96 91362 300 05 2.25 2507333 $34,000. Westlake Village
44 9/20/96 00 296 1 18.00 $340,000.


CA 7.25 2 106990000507334 7074 Chiala Lane 80 $30,000. 5/28/11 73 $207000
6/28/96 95129 179 05 2.00 2507334 $30,000. San Jose
46 12/28/96 01 175 1 18.00 $325,000.







<PAGE>
CA 7.25 2 106990000507337 1907 Vista Creek  91 $25,531.11 7/10/21 90 $181136
7/10/96 95661 300 05 2.75 2507337 $25,800. Roseville
47 1/10/97 02 297 1 18.00 $230,000.

CA 11.5 2 106990000507340 553 S Jade Tree  91 $58,060.2 5/17/21 86 $240000
6/17/96 91754 299 05 3.25 2507340 $58,500. Monterey Park
50 9/17/96 02 295 1 18.00 $350,000.


CA 6.99 2 106990000507341 11389 Duenda  91 $47,727.69 7/1/11 96 $198957
7/1/96 92127 180 03 4.25 2507341 $48,200. San Diego
31 10/1/96 06 177 1 18.00 $260,000.

CA 7.25 2 106990000507346 4481 Moraga  81 $104,446.69 6/21/21 80 $60000
6/21/96 94611 300 05 1.00 2507346 $154,000. Oakland
36 12/22/96 00 296 1 18.00 $267,500.


CA 7.25 2 106990000507351 2204 Mount  91 $26,415.96 6/26/21 90 $133125
6/26/96 90732 300 01 3.25 2507351 $26,625. San Pedro Area
48 12/26/96 00 296 1 18.00 $177,500.

CA 11. 2 106990000507354 5919 Country  91 $46,771.32 5/11/21 90 $376000
6/11/96 91367 299 05 2.75 2507354 $47,000. Woodland Hills
50 9/11/96 00 295 1 18.00 $470,000.


CA 7.25 2 106990000507355 5414 Casa  91 $48,000. 5/25/21 89 $116605
6/25/96 95677 299 05 3.25 2507355 $48,000. Rocklin
48 12/25/96 02 295 1 18.00 $185,000.

WA 7.25 2 153990000507356 3004 S Norman  91 $25,268.16 7/8/21 90 $127500
7/8/96 98144 300 05 2.75 2507356 $25,500. Seattle
45 1/8/97 03 297 1 18.00 $170,000.


CO 6.99 2 108990000507357 8475 Green  91 $67,100. 8/1/21 90 $335600
7/1/96 80124 301 03 2.75 2507357 $67,100. Littleton
40 10/1/96 00 298 1 18.00 $447,500.

CA 7.25 2 106990000507358 14845  91 $24,501.14 6/28/21 85 $127700
6/28/96 92129 300 05 2.75 2507358 $24,700. San Diego
45 12/28/96 00 296 1 18.00 $180,000.



<PAGE>
OR 7.25 2 141990000507359 20415 SW Jaylee  81 $15,408.16 6/25/21 80 $93850
6/25/96 97007 300 05 1.50 2507359 $19,750. Aloha
48 12/25/96 06 296 1 18.00 $142,000.






CA 6.99 2 106990000507360 235 Russell Drive 81 $22,975.02 7/9/11 80 $95000
7/9/96 95223 180 05 1.50 2507360 $25,000. Arnold
50 10/9/96 06 177 1 18.00 $150,000.

CA 7.25 2 106990000507361 704 Calle  81 $30,677.36 7/8/21 80 $385000
7/8/96 92672 300 05 1.25 2507361 $31,000. San Clemente
31 1/8/97 01 297 1 18.00 $520,000.


NC 6.99 2 137990000507363 1512 Plum Ridge  91 $38,000. 6/27/11 95 $127000
6/27/96 28105 180 05 3.25 2507363 $38,000. Matthews
49 9/27/96 01 176 1 1600.00 $174,000.

CA 11. 2 106990000507364 6202 Royal Oak  91 $19,032.18 5/24/21 90 $163800
6/24/96 92647 299 05 2.75 2507364 $20,400. Huntington Beach
45 9/24/96 00 295 1 18.00 $204,750.


CA 8.75 2 106990000507365 280 E Loyola  81 $57.44 6/24/21 61 $94000
6/24/96 93720 300 05 0.50 2507365 $12,000. Fresno
45 9/24/96 00 296 1 18.00 $174,700.

CA 7.25 2 106990000507366 17942 Oak Leaf  91 $16,424.64 6/21/21 88 $152000
6/21/96 92686 300 05 2.25 2507366 $19,000. Yorba Linda
32 12/21/96 06 296 1 18.00 $195,000.


CA 12. 2 106990000507369 1583 Andorre  91 $39,539.89 5/25/11 95 $352000
6/25/96 92029 179 03 3.75 2507369 $44,600. Escondido
33 0 03 175 1 18.00 $420,000.

CA 10.75 2 106990000507370 1534 3rd Street 91 $33,172.4 5/24/21 90 $267800
6/24/96 90266 299 05 2.50 2507370 $33,450. Manhattan Beach
30 9/24/96 00 295 1 18.00 $334,800.



<PAGE>
CA 7.25 2 106990000507372 29182 Via Celeste 91 $86,250. 7/2/11 95 $460000
7/2/96 92679 180 05 3.00 2507372 $86,250. Coto De Caza
51 1/2/97 00 177 1 18.00 $575,000.

IL 7.25 2 117990000507374 2430 W Pensacola 91 $23,072.06 7/22/21 90 $188000
7/22/96 60618 300 05 3.25 2507374 $23,500. Chicago
39 1/22/97 06 297 1 18.00 $235,000.


WA 11.5 2 153990000507376 5208 S 380th  91 $24,216.49 5/25/21 90 $122200
6/25/96 98001 299 05 3.25 2507376 $24,400. Auburn
36 9/25/96 00 295 1 18.00 $162,950.






CA 7.25 1 106990000507377 491 E Hoffer  81 $24,774.01 5/24/11 56 $0
6/24/96 92220 179 05 1.00 2507377 $25,000. Banning Area
40 12/24/96 03 175 1 18.00 $45,000.

CA 10.25 2 106990000507378 2545 W 233rd ST 91 $36,688.01 6/27/21 90 $300000
6/27/96 90505 300 05 2.00 2507378 $37,500. Torrance
29 9/27/96 00 296 1 18.00 $375,000.


WA 12. 2 153990000507380 128 View Drive  91 $42,464.01 5/19/11 95 $51862
6/19/96 98597 179 05 3.75 2507380 $43,000. Yelm
39 0 03 175 1 18.00 $100,000.

CA 7.25 2 106990000507381 1324 Corvidae ST 91 $48,000. 6/2/11 90 $384500
7/2/96 92009 179 03 2.25 2507381 $48,000. Carlsbad
35 1/3/97 00 176 1 18.00 $480,797.


CA 6.99 2 106990000507382 5675 Sun Ridge  91 $46,491.37 7/10/21 90 $232000
7/10/96 94552 300 05 2.75 2507382 $47,000. Castro Valley
44 10/10/96 06 297 1 18.00 $310,000.

CA 7.25 2 106990000507384 995 Baja ST 91 $24,075.8 6/2/11 90 $194400
7/2/96 92651 179 05 2.75 2507384 $24,300. Laguna Beach
39 1/2/97 00 176 1 18.00 $243,000.



<PAGE>
UT 6.99 2 149990000507385 1092 E Violet  81 $31,696.68 7/1/21 80 $59950
7/1/96 84094 300 05 0.50 2507385 $32,000. Sandy
41 10/1/96 02 297 1 18.00 $116,000.

CA 9.25 2 106990000507386 11792 Fantasia  91 $38,586.43 5/24/21 90 $195700
6/24/96 92131 299 03 1.00 2507386 $39,100. San Diego
33 9/24/96 00 295 1 18.00 $260,990.


UT 17. 2 149990000507393 6419 Bergonia  91 $28,300.93 6/27/21 82 $57663
6/27/96 84084 300 05 0.50 2507393 $38,000. West Jordan
24 9/27/96 03 296 1 18.00 $118,000.

CA 6.99 2 106990000507394 736 Nowita PL 91 $36,893.36 7/1/11 95 $271000
7/1/96 90291 180 05 3.75 2507394 $37,400. Venice Area
36 10/1/96 02 177 1 18.00 $325,000.


CA 6.99 2 106990000507397 6845 Fairway  81 $117,369.31 7/1/21 75 $207000
7/1/96 92037 300 05 0.75 2507397 $118,500. La Jolla
21 10/1/96 01 297 1 18.00 $436,000.






CA 11. 2 106990000507400 6 Menton 91 $47,000. 6/1/21 88 $276150
6/25/96 92657 299 03 2.75 2507400 $47,000. Newport Coast
48 9/1/96 00 296 1 18.00 $368,474.

MT 6.99 2 130990000507403 915 Stockett Road 91 $19,316.23 8/1/21 86 $96350
7/1/96 59480 301 05 2.75 2507403 $19,500. Stockett
38 10/1/96 06 298 1 18.00 $135,000.


CA 6.99 2 106990000507412 2050 Buru PL 91 $31,217.04 7/9/11 90 $157500
7/9/96 95503 180 05 2.25 2507412 $31,500. Eureka
37 10/9/96 00 177 1 18.00 $210,000.

CA 7.25 2 106990000507413 64 Vallejo WAY 81 $4,965.54 6/21/21 66 $154000
6/21/96 94903 300 05 1.25 2507413 $50,000. San Rafael
43 12/22/96 01 296 1 18.00 $310,000.



<PAGE>
CA 10.5 2 106990000507415 1612 S Durango  91 $35,496.61 5/27/21 90 $286400
6/27/96 90035 299 05 2.25 2507415 $35,800. Los Angeles
31 9/27/96 00 295 1 18.00 $358,000.

MD 6.99 2 124990000507416 13008 Twelve  81 $19,727.9 7/10/21 80 $279073
7/10/96 21029 300 05 0.50 2507416 $24,900. Columbia
42 10/10/96 03 297 1 18.00 $380,000.


FL 6.99 2 112990000507417 15009 Greeley DR 81 $9,985.92 6/23/21 80 $98000
6/24/96 33625 299 03 0.50 2507417 $12,000. Tampa
31 12/24/96 06 296 1 18.00 $137,500.

CA 6.99 2 106990000507418 300 Loa Alamos  91 $10,460.59 7/2/21 90 $65918
7/2/96 95409 300 01 3.75 2507418 $10,500. Santa Rosa
42 10/3/96 06 297 1 18.00 $85,000.


CA 11.5 2 106990000507419 23241 Pretty Doe  91 $24,994.18 7/1/11 97 $134813
6/21/96 92587 180 03 3.25 2507419 $25,000. Canyon Lake
44 0 06 177 1 18.00 $165,000.

FL 8.25 2 112990000507425 3061 Mary ST 91 $41,250. 6/1/21 90 $206250
7/2/96 33133 298 05 3.25 2507425 $41,250. Miami
39 9/2/96 02 296 1 18.00 $275,000.


GA 12. 2 113990000507426 100 Edgewater  91 $17,504.83 7/3/11 95 $84134
7/3/96 30736 180 05 3.75 2507426 $19,400. Ringgold
32 0 03 177 1 18.00 $109,000.






CO 7.25 2 108990000507427 3935 Valley Oak  80 $35,000. 7/12/11 80 $340000
7/12/96 80538 180 03 0.50 2507427 $44,000. Loveland
34 1/12/97 06 177 1 18.00 $480,000.

CA 7.25 2 106990000507428 928 Garden DR 81 $30,787.24 5/26/21 70 $181000
6/26/96 95126 299 05 1.50 2507428 $75,000. San Jose
41 12/26/96 06 295 1 18.00 $370,000.



<PAGE>
FL 12. 2 112990000507429 9579 Richmond  92 $24,947.26 7/2/11 100 $86000
7/2/96 33434 180 05 3.75 2507429 $25,000. Boca Raton
47 0 02 177 1 18.00 $111,000.

MN 6.99 2 127990000507432 14826 Oak Crest  91 $88,979.4 7/8/21 90 $206200
7/8/96 55378 300 05 3.25 2507432 $89,900. Savage
44 10/8/96 06 297 1 18.00 $329,000.


CA 6.99 2 106990000507434 445 Oak Grove  91 $34,451.99 7/2/11 90 $174000
7/2/96 94025 180 01 2.25 2507434 $34,800. Menlo Park
41 10/2/96 00 177 1 18.00 $232,000.

CA 12. 2 106990000507435 11082 Meads  91 $16,000. 6/1/21 87 $357000
6/12/96 92669 299 05 3.75 2507435 $46,000. Orange Area
41 9/1/96 06 296 1 18.00 $465,000.


CA 6.99 2 106990000507436 4759 W 170th  91 $24,755.03 7/3/21 89 $90420
7/3/96 90260 300 05 2.25 2507436 $25,000. Lawndale
41 10/3/96 02 297 1 18.00 $130,000.

MI 6.99 2 126990000507439 20765 Dunham 81 $10,000. 7/1/21 53 $45000
7/1/96 48038 300 05 1.00 2507439 $10,000. Clinton Township
43 10/1/96 00 297 1 18.00 $105,000.


CA 6.99 2 106990000507442 3853 Royal  91 $99,306.41 7/2/21 87 $358354
7/2/96 91403 300 05 3.25 2507442 $100,000. Sherman Oaks
41 10/2/96 06 297 1 18.00 $528,000.

CA 6.99 2 106990000507443 24792 Largo DR 91 $34,547.28 6/19/21 87 $194881
7/19/96 92653 299 05 2.75 2507443 $35,000. Laguna Hills
43 10/19/96 06 296 1 18.00 $265,000.


CA 7.25 2 106990000507447 29161 Mira Vista 81 $29,675.52 7/12/11 80 $213500
7/12/96 92677 180 03 1.25 2507447 $30,000. Laguna Niguel
42 1/12/97 06 177 1 18.00 $305,000.







<PAGE>
AZ 11. 2 104990000507451 12190 N 120th  91 $50,000. 5/25/21 89 $446400
6/25/96 85259 299 03 2.75 2507451 $50,000. Scottsdale
44 9/25/96 00 295 1 18.00 $560,000.

OR 6.99 2 141990000507456 6966 SW 184th  91 $82,000. 6/8/11 89 $59369
7/8/96 97007 179 05 3.00 2507456 $82,000. Aloha
23 10/8/96 06 176 1 18.00 $160,000.


CA 6.99 2 106990000507461 30636 Mirandela  81 $296.14 7/3/21 80 $300000
7/3/96 92677 300 03 0.50 2507461 $50,000. Laguna Niguel
43 10/3/96 00 297 1 18.00 $440,000.

CO 6.99 2 108990000507462 5084 Austerlitz  91 $28,393.28 6/2/21 88 $92000
7/2/96 80918 299 05 2.00 2507462 $29,000. Colorado Springs
27 10/2/96 02 296 1 18.00 $139,000.


UT 7.25 2 149990000507466 300 North  91 $24,997.94 6/3/21 88 $250000
7/3/96 84049 299 05 2.75 2507466 $25,000. Midway
50 1/3/97 02 296 1 18.00 $315,000.

WA 7.25 1 153990000507467 19508 Mill LN 81 $49,456.19 7/12/21 28 $0
7/12/96 98640 300 05 1.00 2507467 $50,000. Ocean Park
30 1/12/97 06 297 1 18.00 $180,000.


CA 6.99 2 106990000507476 4530 Larkwood  81 $46,500. 7/12/21 80 $205228
7/12/96 91364 300 05 1.25 2507476 $46,500. Woodland Hills
39 10/12/96 06 297 1 15.00 $316,000.

CA 10.5 2 106990000507481 9256 Calle Del  91 $19,717.54 6/12/21 90 $196000
6/12/96 95020 300 07 2.25 2507481 $20,000. Gilroy
47 9/12/96 06 296 1 18.00 $240,000.


CO 7.25 2 108990000507483 6352 S Pierson  91 $40,993.7 7/22/21 86 $122326
7/22/96 80127 300 05 2.75 2507483 $50,000. Littleton
40 1/22/97 01 297 1 18.00 $201,000.

CA 6.99 2 106990000507486 12536 Caswell  91 $14,996.5 7/10/21 82 $144000
7/10/96 90066 300 05 2.75 2507486 $15,000. Los Angeles
44 10/10/96 00 297 1 18.00 $195,000.



<PAGE>
CA 7.25 2 106990000507488 8855 St. Ives  91 $61,026.86 5/20/21 90 $492000
6/20/96 90069 299 05 2.75 2507488 $61,500. Los Angeles
31 12/20/96 03 295 1 18.00 $620,000.






CA 11. 2 106990000507489 437 Kensington  91 $35,838.55 5/6/11 81 $180000
6/6/96 95136 179 05 2.75 2507489 $36,000. San Jose
46 9/6/96 01 175 1 18.00 $267,000.

CA 6.99 2 106990000507490 175 Starfish CT 91 $28,000. 6/1/21 82 $207000
7/1/96 93933 299 05 2.75 2507490 $28,000. Marina
48 10/1/96 00 296 1 18.00 $288,000.


CA 6.99 2 106990000507491 16574 Calneva  91 $42,529.38 7/8/21 90 $344000
7/8/96 91436 300 05 2.75 2507491 $43,000. Encino Area
37 10/8/96 02 297 1 18.00 $430,000.

CA 8.75 2 106990000507492 10312 N Page  81 $44,629.09 6/17/21 80 $207000
6/17/96 93720 300 05 0.50 2507492 $45,000. Fresno
22 9/17/96 00 296 1 18.00 $315,000.


CA 6.99 2 106990000507495 5514 Alaska DR 91 $34,616.62 7/9/11 95 $121163
7/9/96 94521 180 05 4.25 2507495 $35,000. Concord
49 10/9/96 02 177 1 18.00 $165,000.

UT 7.25 2 149990000507497 1138 W Ridgetop  91 $49,800. 6/25/11 81 $134150
6/25/96 84095 180 05 1.50 2507497 $50,000. South Jordan
50 12/25/96 06 176 1 18.00 $230,000.


CA 11.5 2 106990000507498 19970 Avenue Of  92 $21,994.88 6/17/11 100 $113476
6/17/96 91321 180 01 3.25 2507498 $22,000. Santa Clarita-
39 0 01 176 1 18.00 $136,000.

CA 6.99 2 106990000507501 16938 Columbia  81 $61,320.95 7/10/21 80 $170000
7/10/96 94552 300 03 1.00 2507501 $62,000. Castro Valley
41 10/10/96 00 297 1 18.00 $290,000.



<PAGE>
CA 7.25 2 106990000507503 5901 Mountain  81 $74,602.39 5/14/21 80 $318500
6/14/96 95135 299 05 1.00 2507503 $75,000. San Jose
37 12/14/96 00 295 1 18.00 $491,950.

WA 7.25 2 153990000507506 18320 NE 204th  81 $9,929.1 6/24/21 79 $186000
6/24/96 98072 300 05 0.25 2507506 $50,000. Woodinville
23 12/24/96 06 296 1 18.00 $300,000.


CA 6.99 2 106990000507511 241 Crescent AVE 91 $23,490.38 7/9/11 88 $190000
7/9/96 94110 180 05 4.25 2507511 $23,750. San Francisco
50 10/9/96 02 177 1 18.00 $245,000.






ID 11.5 2 116990000507512 3813 Rose Hill  92 $30,492.89 6/14/11 100 $39104
6/14/96 83705 180 05 3.25 2507512 $30,500. Boise
33 0 06 176 1 18.00 $70,000.

CA 7.25 2 106990000507515 10473 Holman  91 $50,000. 6/13/21 90 $508000
6/13/96 90024 300 05 2.75 2507515 $63,500. Los Angeles
32 12/13/96 06 296 1 18.00 $635,000.


CA 6.99 2 106990000507516 3011 San Miguel  91 $42,611.81 7/12/11 95 $229600
7/12/96 94518 180 05 3.75 2507516 $43,050. Concord
39 10/12/96 00 177 1 18.00 $287,000.

CA 11. 2 106990000507517 192 Hall DR 91 $48,938. 6/24/21 90 $408000
6/24/96 94563 300 03 2.75 2507517 $50,000. Orinda
39 9/24/96 00 296 1 18.00 $510,000.


CA 10.5 2 106990000507518 753 Hamilton  91 $76,410.86 5/14/21 90 $207000
6/14/96 95035 299 05 2.25 2507518 $76,500. Milpitas
44 9/14/96 01 295 1 18.00 $315,000.

CA 11.5 2 106990000507521 22300 Kinzie  91 $34,860.89 6/17/11 90 $267801
6/17/96 91311 180 05 3.25 2507521 $35,000. Los Angeles
42 0 06 176 1 18.00 $340,000.



<PAGE>
CA 7.25 2 106990000507522 5810 Melissa LN 91 $50,000. 6/7/11 95 $266800
6/7/96 91367 180 05 3.75 2507522 $50,000. Woodland Hills
42 12/7/96 00 176 1 18.00 $333,500.

OR 12. 2 141990000507523 5405 NE 39th  91 $12,650.88 6/14/11 94 $79500
6/14/96 97211 180 05 3.75 2507523 $20,000. Portland
33 9/14/96 01 176 1 18.00 $106,000.


CA 7.25 2 106990000507526 1463 Richards  91 $91,313.42 5/20/21 90 $386841
6/20/96 95125 299 05 2.75 2507526 $99,000. San Jose
35 12/20/96 06 295 1 18.00 $540,000.

CA 7.25 2 106990000507530 4231 Blackberry  91 $43,541.11 7/9/21 90 $350000
7/9/96 93066 300 05 3.00 2507530 $44,000. Somis Area
39 1/9/97 00 297 1 18.00 $440,000.


OR 7.25 2 141990000507531 3377 NE 33rd  91 $17,897.36 6/13/11 95 $96000
6/13/96 97756 180 03 4.25 2507531 $18,000. Redmond
45 12/13/96 06 176 1 18.00 $120,000.






CA 7.25 2 106990000507536 32610 Big  91 $30,649.74 6/19/21 90 $252000
6/19/96 93510 300 05 2.25 2507536 $31,500. Acton Area
26 12/19/96 00 296 1 18.00 $315,000.

HI 6.99 2 115990000507538 644 Kahiau LOOP 81 $77,444.93 7/1/21 78 $688000
7/1/96 96821 300 03 1.00 2507538 $125,000. Honolulu
36 10/1/96 06 297 1 18.00 $1,050,000.


CA 9.5 2 106990000507540 3295 Oakwood  81 $34,904.7 5/17/21 62 $212000
6/17/96 95037 299 05 1.25 2507540 $35,000. Morgan Hill
40 9/17/96 06 295 1 18.00 $400,000.

HI 6.99 2 115990000507543 95-224 Mua PL 91 $30,172.18 7/9/21 89 $242795
7/9/96 96789 300 03 2.25 2507543 $30,500. Mililani
37 10/9/96 02 297 1 18.00 $310,000.



<PAGE>
CA 7.25 2 106990000507544 3455 Greenbrier  91 $25,915.03 7/1/21 90 $130850
7/2/96 90808 299 05 2.25 2507544 $26,200. Long Beach
45 1/1/97 00 297 1 18.00 $174,500.

CA 8.25 2 106990000507545 8251 Kingsdale  91 $28,000. 5/17/21 90 $224000
6/17/96 92646 299 02 2.25 2507545 $28,000. Huntington Beach
38 9/17/96 00 295 1 15.00 $280,000.


CA 10.5 2 106990000507546 28561 Ranch  91 $274.58 5/24/21 90 $171200
6/24/96 92677 299 03 2.25 2507546 $21,400. Laguna Niguel
39 9/24/96 00 295 1 18.00 $214,000.

OR 7.25 2 141990000507547 834 SE 5th Street 91 $13,365. 6/19/21 90 $59785
6/19/96 97702 300 05 2.75 2507547 $14,900. Bend
37 12/19/96 01 296 1 18.00 $83,000.


ID 7.25 2 116990000507549 310 W Warren  91 $7,493.21 6/11/21 90 $55810
6/11/96 83706 300 05 2.75 2507549 $11,500. Boise
43 12/11/96 02 296 1 18.00 $75,000.

CA 7.25 2 106990000507555 1322 Woodruff  81 $149,930.13 7/3/21 73 $275401
7/3/96 90024 300 05 1.00 2507555 $150,000. Los Angeles
31 1/3/97 06 297 1 18.00 $585,000.


CA 12. 2 106990000507557 8805 O'Meara CT 91 $36,303. 7/10/11 95 $391000
7/10/96 93311 180 05 3.75 2507557 $36,500. Bakersfield
40 0 06 177 1 18.00 $450,000.






CA 9.5 2 106990000507558 18585 Rainbow  81 $39,752.36 6/6/11 66 $240000
6/6/96 95722 180 05 1.25 2507558 $40,000. Meadow Vista
45 9/6/96 01 176 1 18.00 $426,000.

OR 7.25 2 141990000507559 14874 SW  91 $35,217.18 6/19/21 90 $111194
6/19/96 97224 300 05 2.75 2507559 $35,500. Tigard
25 12/19/96 02 296 1 18.00 $163,000.



<PAGE>
CA 7.25 2 106990000507560 104 Alley WAY 91 $25,630.58 6/9/21 85 $194900
7/9/96 94040 299 09 2.75 2507560 $25,900. Mountain View
45 1/10/97 00 296 1 18.00 $259,900.

CA 7.25 2 106990000507561 199 Lafayette  81 $100,000. 7/3/21 74 $770000
7/3/96 94611 300 05 1.50 2507561 $100,000. Piedmont
40 1/3/97 02 297 1 18.00 $1,180,000.


CA 11.5 2 106990000507562 20225 King Road 91 $26,938.71 6/11/11 97 $142347
6/11/96 96080 180 05 3.25 2507562 $27,000. Red Bluff
29 0 02 176 1 18.00 $175,000.

CA 7.25 2 106990000507565 12632 Lithuania  91 $36,700. 6/21/21 90 $183750
6/21/96 91344 300 05 2.25 2507565 $36,700. Los Angeles
40 12/21/96 00 296 1 18.00 $245,000.


LA 11.25 2 122990000507570 508 Avenue E 91 $13,500. 8/1/11 98 $87422
7/1/96 70444 181 05 3.00 2507570 $22,000. Kentwood
21 0 06 178 1 18.00 $112,000.

CA 10.5 2 106990000507571 1 Lanterna 91 $28,118. 5/26/21 90 $142400
6/26/96 92656 299 01 2.25 2507571 $28,450. Aliso Viejo Area
33 9/26/96 00 295 1 18.00 $189,927.


CA 6.99 2 106990000507572 1000 Larkspur DR 91 $28,763.11 7/11/21 89 $243723
7/11/96 94010 300 05 2.25 2507572 $30,000. Burlingame
39 10/11/96 03 297 1 18.00 $310,000.

CA 6.99 2 106990000507574 1527 Monteval  81 $36,361.41 7/8/21 80 $350000
7/8/96 95120 300 05 0.50 2507574 $40,000. San Jose
33 10/8/96 06 297 1 18.00 $490,000.


OR 7.25 2 141990000507575 80184  81 $26,430. 6/18/21 80 $185500
6/18/96 97846 300 05 1.25 2507575 $26,500. Joseph
31 12/18/96 02 296 1 18.00 $265,000.







<PAGE>
CA 7.25 2 106990000507576 1980 San Juan RD 91 $32,768.19 8/1/11 95 $177200
7/18/96 95076 180 05 3.75 2507576 $33,225. Watsonville
42 1/18/97 00 178 1 18.00 $221,500.

CA 8.75 2 106990000507577 1310 E Ocean  81 $37,050.03 7/2/11 79 $142964
6/27/96 90802 180 06 0.50 2507577 $50,000. Long Beach
32 0 06 177 1 18.00 $245,000.


CA 7.25 2 106990000507578 907 Knoll Park  81 $30,000. 6/5/21 80 $150798
7/5/96 92028 299 05 1.50 2507578 $30,000. Fallbrook
49 1/6/97 06 296 1 18.00 $226,000.

CA 7.25 2 106990000507581 6190 Goshen ST 91 $24,301.98 6/27/21 90 $178000
6/27/96 93065 300 05 2.75 2507581 $24,500. Simi Valley
44 12/27/96 02 296 1 18.00 $225,000.


CA 6.99 2 106990000507582 25475 Flanders  91 $30,690.23 6/9/21 90 $248000
7/9/96 93923 299 05 2.25 2507582 $31,000. Carmel
41 10/10/96 00 296 1 18.00 $310,000.

CO 7.25 2 108990000507583 3955 Becket DR 81 $4,957.19 7/24/21 80 $127506
7/24/96 80906 300 05 0.50 2507583 $22,000. Colorado Springs
37 1/24/97 01 297 1 18.00 $187,000.


CA 6.99 2 106990000507587 385 San Marino  81 $13,717.43 7/11/21 77 $83191
7/11/96 94589 300 05 0.50 2507587 $20,000. Vallejo
43 10/11/96 06 297 1 18.00 $135,000.

CA 6.99 2 106990000507588 21831 Cominto  91 $40,881.06 7/1/11 95 $221600
7/9/96 92679 179 03 3.75 2507588 $41,500. Trabuco Canyon
40 10/2/96 00 177 1 18.00 $277,000.


CA 9.25 2 106990000507594 118 Saint Patricks  80 $11,109.59 6/28/11 69 $207000
6/28/96 94526 180 05 1.00 2507594 $20,000. Danville
39 9/28/96 06 176 1 18.00 $330,000.

CA 7.25 2 106990000507599 2536 Silver Lake  81 $15,965.33 6/25/21 75 $150000
6/25/96 90039 300 05 1.00 2507599 $18,000. Los Angeles
47 12/26/96 02 296 1 18.00 $225,000.



<PAGE>
CA 6.99 2 106990000507600 7729 Rio Barco  91 $46,747.67 7/8/21 90 $207000
7/8/96 95831 300 05 2.25 2507600 $47,250. Sacramento
40 10/8/96 00 297 1 18.00 $282,500.






MI 7.25 2 126990000507605 30942 Suttershill  90 $25,000. 7/12/11 89 $195204
7/12/96 48331 180 05 3.25 2507605 $25,000. Farmington Hills
43 1/12/97 06 177 1 18.00 $250,000.

CA 6.99 2 106990000507607 370 W St  91 $34,670.14 6/8/21 95 $267100
7/8/96 90631 299 05 3.75 2507607 $35,000. La Habra
45 10/8/96 02 296 1 18.00 $318,000.


CA 7.25 2 106990000507609 1812 Lynngrove  90 $40,000. 7/11/11 90 $277436
7/11/96 90266 180 05 3.25 2507609 $64,000. Manhattan Beach
35 1/11/97 03 177 1 18.00 $380,000.

FL 7.25 2 112990000507614 281 Boca Raton  81 $11,399.87 6/24/21 79 $85907
7/24/96 33429 299 05 0.50 2507614 $34,000. Boca Raton
45 1/24/97 06 296 1 18.00 $153,000.


UT 6.99 2 149990000507616 2047 S 925 W 81 $17,148.67 6/19/21 77 $58051
7/19/96 84087 299 05 0.25 2507616 $25,000. Woods Cross
30 10/19/96 06 296 1 18.00 $108,300.

CA 7.25 2 106990000507617 131 Union AVE 91 $27,270.69 8/1/21 95 $147400
7/15/96 95008 300 01 3.75 2507617 $27,600. Campbell
41 1/15/97 00 298 1 18.00 $184,250.


CA 6.99 2 106990000507618 4241 San Rafael  91 $24,748.95 7/5/21 89 $134250
7/5/96 90065 300 05 2.50 2507618 $25,000. Los Angeles
26 10/5/96 00 297 1 18.00 $179,000.

CA 6.99 2 106990000507620 1955 Ocean WAY 91 $98,706.37 6/23/21 81 $940750
7/23/96 92651 299 05 3.75 2507620 $100,000. Laguna Beach
47 10/23/96 03 296 1 18.00 $1,300,000.



<PAGE>
CO 6.99 2 108990000507624 1899 Spyglass  91 $47,488.92 7/8/21 90 $247500
7/8/96 80439 300 03 2.25 2507624 $47,500. Evergreen
46 10/8/96 01 297 1 18.00 $330,000.

GA 6.99 2 113990000507628 490 Rocky Creek  91 $4,236.98 7/9/21 89 $85042
7/3/96 30075 300 05 2.25 2507628 $10,000. Roswell
19 10/9/96 03 297 1 18.00 $107,000.


NJ 6.99 2 134990000507629 48 Navesink DR 81 $7,908.95 6/23/21 80 $150000
7/23/96 07750 299 05 1.00 2507629 $50,000. Monmouth Beach
50 10/23/96 06 296 1 18.00 $253,000.






CA 12. 2 106990000507631 2546 E Puritan  91 $27,466.13 6/24/11 95 $148000
7/24/96 92806 179 05 3.75 2507631 $27,700. Anaheim
39 0 00 176 1 18.00 $185,000.

CO 12. 2 108990000507634 2065 Leoti DR 91 $9,999.92 5/14/11 97 $144000
6/14/96 80922 179 05 3.75 2507634 $10,000. Colorado Springs
44 0 02 175 1 18.00 $160,000.


NV 6.99 2 132990000507635 2004 Peyton DR 81 $2,240.33 7/26/21 62 $37000
7/26/96 89104 300 05 1.50 2507635 $25,000. Las Vegas
36 10/26/96 06 297 1 18.00 $100,000.

MN 6.99 2 127990000507637 1810 Oliver  91 $14,249.63 7/3/11 95 $38580
7/3/96 55411 180 05 3.50 2507637 $14,500. Minneapolis
22 10/3/96 06 177 1 18.00 $56,000.


CA 6.99 2 106990000507639 1141 San Patricio  91 $9,903.23 7/9/21 90 $271518
7/9/96 92075 300 05 2.25 2507639 $25,000. Solana Beach
32 10/10/96 06 297 1 18.00 $330,000.

CA 12. 2 106990000507640 1948 Spanish  91 $9,919.72 5/22/11 94 $113000
7/22/96 93550 178 05 3.75 2507640 $10,000. (palmdale) Los
35 0 03 175 1 18.00 $132,000.



<PAGE>
MI 6.99 2 126990000507642 36660 Rowe  91 $11,819.18 7/11/21 85 $91850
7/11/96 48312 300 05 2.75 2507642 $12,000. Sterling Heights
34 10/11/96 06 297 1 18.00 $122,500.

FL 11.5 2 112990000507643 4605 Regnas ST 92 $20,926.07 6/29/11 100 $74130
6/29/96 33617 180 05 3.25 2507643 $27,800. Tampa
35 0 02 176 1 18.00 $102,000.


CA 6.99 2 106990000507647 5216 Silver  91 $34,030.04 7/8/21 90 $275200
7/8/96 90275 300 05 2.25 2507647 $34,400. Rancho Palos
32 10/8/96 00 297 1 18.00 $344,000.

FL 11. 2 112990000507648 17 Nurmi DR 91 $28,416.53 6/12/21 90 $520000
6/13/96 33301 299 05 2.75 2507648 $65,000. Fort Lauderdale
37 9/13/96 00 296 1 18.00 $650,000.


RI 6.99 2 144990000507649 16 Warren  91 $9,990. 7/11/21 88 $82739
7/11/96 02864 300 05 0.50 2507649 $10,000. Cumberland
34 10/11/96 06 297 1 18.00 $106,000.






GA 6.99 2 113990000507650 3689 Bayhill  81 $23,242.57 7/3/21 75 $241385
7/3/96 30907 300 05 0.50 2507650 $23,500. Martinez
38 10/3/96 02 297 1 18.00 $355,000.

CA 6.99 2 106990000507653 420 Sandpiper  81 $72,968.75 7/10/21 67 $109000
7/10/96 95616 300 05 1.00 2507653 $134,000. Davis
41 10/10/96 00 297 1 18.00 $368,000.


CA 6.99 2 106990000507655 33 Piedmont CT 91 $65,983.11 6/9/21 90 $500000
7/9/96 94611 299 05 2.75 2507655 $96,700. Piedmont
31 10/9/96 00 296 1 18.00 $663,000.

MD 6.99 2 124990000507658 303 Church Road 91 $29,744.38 7/2/21 89 $104670
7/2/96 21136 300 05 2.25 2507658 $30,000. Reisterstown
45 10/2/96 02 297 1 18.00 $152,000.



<PAGE>
HI 6.99 2 115990000507659 94-1035 Akaku  81 $83,161.21 7/9/21 77 $148577
7/9/96 96789 300 03 1.00 2507659 $100,000. Mililani
45 10/9/96 06 297 1 18.00 $325,000.

CA 6.99 2 106990000507662 3520 Camelia ST 91 $28,937.7 6/12/21 85 $221250
7/12/96 90740 299 05 3.25 2507662 $29,000. Seal  Beach
49 10/12/96 02 296 1 18.00 $295,000.


CA 6.99 2 106990000507664 493 Calle De La  91 $24,753.58 7/3/21 89 $232000
7/3/96 94949 300 05 2.75 2507664 $25,000. Novato
38 10/3/96 00 297 1 18.00 $290,000.

ID 13. 2 116990000507665 1040 Haas RD 91 $20,000. 7/22/11 95 $76000
7/17/96 83672 180 05 4.75 2507665 $20,000. Weiser
47 0 06 177 1 18.00 $102,000.


CO 6.99 2 108990000507666 5645 S Zang ST 81 $6,647.73 6/13/21 80 $70000
7/13/96 80127 299 03 0.50 2507666 $22,000. Littleton
36 10/13/96 02 296 1 18.00 $116,000.

UT 6.99 2 149990000507667 392 N Cortez DR 91 $35,377.01 7/11/21 86 $84043
7/11/96 84651 300 05 2.25 2507667 $42,500. Elk Ridge
41 10/11/96 06 297 1 18.00 $148,500.


UT 6.99 2 149990000507668 3159 W 2995 S 81 $8,535.51 7/12/21 78 $44300
7/12/96 84119 300 05 0.50 2507668 $15,000. West Valley City
25 10/12/96 06 297 1 18.00 $77,000.






CA 6.99 2 106990000507670 24701 Calle El  91 $53,540.53 7/8/21 88 $108140
7/8/96 92630 300 05 3.25 2507670 $55,000. Lake Forest
48 10/9/96 06 297 1 18.00 $186,000.

CA 6.99 2 106990000507678 44757 Sun Valley  91 $29,700.12 7/2/21 90 $236000
7/2/96 93930 300 05 2.75 2507678 $45,000. King City
36 10/2/96 06 297 1 18.00 $315,000.



<PAGE>
CA 5.99 2 106990000507681 4877 Rue Calais 91 $35,202.85 7/31/21 90 $177000
7/30/96 95136 300 05 2.75 2507681 $35,400. San Jose
41 10/31/96 00 298 1 18.00 $236,000.

CA 7.25 2 106990000507685 5181 Winding  80 $20,000. 5/14/11 80 $274000
6/14/96 95688 179 05 1.00 2507685 $46,000. Vacaville
40 12/14/96 02 175 1 18.00 $401,000.


CA 6.99 2 106990000507689 15755 Alto Way 91 $45,945.18 6/5/21 84 $183012
7/5/96 93907 299 05 2.25 2507689 $46,400. Salinas
41 10/5/96 06 296 1 18.00 $275,000.

MN 6.99 2 127990000507690 6691 Highway 71  81 $34,300. 7/3/11 80 $185700
7/3/96 56201 180 05 1.00 2507690 $34,300. Willmar
22 10/3/96 01 177 1 18.00 $275,000.


CA 6.99 2 106990000507692 11007 Ayres AVE 91 $31,149.48 7/15/21 90 $252000
7/15/96 90064 300 05 2.00 2507692 $31,500. Los Angeles
28 10/15/96 00 297 1 18.00 $315,000.

CA 6.99 2 106990000507694 1350 Hull Drive 91 $31,561.33 6/2/21 90 $256800
7/2/96 94070 299 05 2.25 2507694 $32,100. San Carlos
45 10/2/96 00 296 1 18.00 $321,000.


MN 8.25 2 127990000507695 7214 114th Lane 91 $35,000. 7/1/21 99 $87550
6/25/96 55316 300 05 1.00 2507695 $35,000. Champlin
34 7/25/96 06 297 1 18.00 $124,000.

HI 6.99 2 115990000507697 51-390 Havhele  91 $29,998.75 7/9/21 90 $240000
7/9/96 96730 300 05 2.25 2507697 $30,000. Kaaawa
45 10/9/96 00 297 1 18.00 $300,000.


WA 11. 2 153990000507701 20215 73rd  91 $48,754.39 5/21/21 90 $92949
6/21/96 98011 299 05 2.75 2507701 $49,200. Bothell
35 9/21/96 02 295 1 18.00 $158,000.







<PAGE>
CA 6.99 2 106990000507703 838 Butler  91 $19,306.3 7/3/21 90 $97500
7/3/96 95407 300 05 2.75 2507703 $19,500. Santa Rosa
35 10/3/96 02 297 1 18.00 $130,000.

CA 7.25 2 106990000507704 32923 Brookseed  81 $48,013.01 4/14/21 74 $210000
5/14/96 92679 299 05 2.00 2507704 $50,000. Trabuco Canyon
19 11/14/96 00 294 1 18.00 $355,000.


UT 7.25 2 149990000507705 2667 W  91 $49,628.29 6/15/11 88 $151942
7/15/96 84095 179 05 2.75 2507705 $50,000. South Jordan
41 1/15/97 06 176 1 18.00 $230,000.

CA 7.25 2 106990000507707 2108 Speck Lane 81 $36,663.71 7/3/21 72 $193000
7/3/96 91320 300 05 1.50 2507707 $45,000. Thousand Oaks
37 1/3/97 02 297 1 18.00 $335,000.


CA 6.99 2 106990000507709 955 S Eliseo  91 $15,843.31 7/2/21 86 $224000
7/2/96 94939 300 01 2.25 2507709 $16,000. Larkspur
40 10/2/96 00 297 1 18.00 $280,000.

MI 7.25 2 126990000507710 539 Oakland 90 $32,607.24 7/26/11 95 $80900
7/26/96 48362 180 05 4.25 2507710 $33,000. Lake Orion
50 1/26/97 06 177 1 18.00 $120,000.


CO 6.99 2 108990000507711 379 N 14th  91 $20,968.52 6/15/21 89 $73130
7/15/96 80601 299 05 2.00 2507711 $34,800. Brighton
29 10/15/96 03 296 1 18.00 $122,000.

CA 6.99 2 106990000507712 3775 Angus WAY 91 $31,631.3 7/17/21 90 $256500
7/17/96 94566 300 05 2.00 2507712 $32,000. Pleasanton
29 10/17/96 00 297 1 18.00 $320,639.


CA 6.99 2 106990000507715 1900 Sycamore  91 $36,893.85 7/11/21 90 $185100
7/11/96 95023 300 05 2.25 2507715 $37,000. Hollister
35 10/11/96 00 297 1 18.00 $247,000.

CA 7.25 2 106990000507716 100 S Windsor  91 $49,966.78 7/11/11 84 $687280
7/11/96 90004 180 05 2.00 2507716 $50,000. Los Angeles
29 1/11/97 06 177 1 18.00 $880,000.



<PAGE>
CA 8.25 2 106990000507717 1605 Sonoma  91 $21,540.7 6/28/21 89 $119600
6/28/96 95405 300 05 2.25 2507717 $21,900. Santa Rosa
44 9/28/96 00 296 1 18.00 $159,500.






CO 6.99 2 108990000507719 7852 S Clayton  81 $37,100. 6/17/21 80 $116000
7/17/96 80122 299 05 0.50 2507719 $44,000. Littleton
33 10/17/96 02 296 1 18.00 $201,000.

NY 6.99 2 136990000507720 1003 Vincent  91 $49,158.79 6/3/21 90 $153000
7/3/96 10465 299 10 2.75 2507720 $49,200. Bronx
35 10/9/96 02 296 1 18.00 $225,000.


CA 6.99 2 106990000507722 2811 Van Buren  91 $29,928.08 7/16/21 90 $242400
7/16/96 94501 300 05 2.25 2507722 $30,300. Alameda
43 10/16/96 00 297 1 18.00 $303,000.

CA 6.99 2 106990000507724 1957 Berkshire  91 $45,938.14 7/16/21 90 $164607
7/16/96 91362 300 05 2.75 2507724 $46,500. Thousand Oaks
44 10/16/96 06 297 1 18.00 $235,000.


NM 7.25 2 135990000507725 9816 San  91 $54,746.34 6/8/11 95 $161830
7/8/96 87111 179 05 3.75 2507725 $55,700. Albuquerque
32 1/8/97 06 176 1 18.00 $229,000.

CA 6.99 2 106990000507727 11 Palm Beach  91 $20,037.76 6/9/11 86 $193500
7/9/96 92629 179 03 3.75 2507727 $20,000. Dana Point
48 10/10/96 06 176 1 18.00 $250,000.


CA 11.5 2 106990000507728 17 Via Candelaria 92 $35,000. 5/13/21 100 $220000
6/13/96 92679 299 05 3.25 2507728 $35,000. Coto De Caza
41 9/13/96 06 295 1 18.00 $255,000.

OR 8.75 1 141990000507729 442 SE Wye LN 81 $21,969.3 5/21/21 53 $0
6/21/96 97702 299 05 0.50 2507729 $40,000. Bend
32 9/21/96 06 295 1 18.00 $76,000.



<PAGE>
NV 7.25 2 132990000507730 4400 Bridle WAY 81 $16,863.7 7/12/21 78 $200416
7/8/96 89509 300 05 0.50 2507730 $30,000. Reno
43 1/8/97 03 297 1 18.00 $297,000.

CA 7.25 2 106990000507731 5113 Hersholt  81 $64,370.09 6/28/21 56 $12750
6/28/96 90712 300 05 1.00 2507731 $75,000. Lakewood
38 12/28/96 02 296 1 18.00 $158,000.


CO 7.25 2 108990000507733 5954 Saddle  81 $43,000. 7/15/11 57 $207000
7/15/96 80134 180 03 0.75 2507733 $99,900. Parker
29 1/15/97 00 177 1 18.00 $545,000.






OR 6.99 2 141990000507734 10546 NE  91 $47,465.54 7/8/11 93 $58279
7/8/96 97220 180 05 3.75 2507734 $48,000. Portland
45 10/8/96 06 177 1 18.00 $115,000.

WA 8.25 2 153990000507735 6403 NE Tolt  91 $31,500. 5/25/21 90 $152492
6/25/96 98014 299 05 4.25 2507735 $31,500. Carnation
50 9/25/96 06 295 1 18.00 $205,000.


WA 12.5 2 153990000507736 26424 233rd  92 $19,970.95 5/25/11 100 $109000
6/25/96 98038 179 05 4.25 2507736 $20,000. Maple Valley
49 0 02 175 1 18.00 $129,000.

UT 6.99 2 149990000507737 2516 S Beverly  91 $39,608.03 7/10/11 92 $150000
7/10/96 84106 180 05 3.75 2507737 $40,000. Salt Lake City
25 10/10/96 06 177 1 18.00 $207,000.


FL 7.25 2 112990000507738 59 W 58th TER 81 $33,300. 7/8/11 80 $80249
7/8/96 33012 180 05 1.00 2507738 $33,300. Hialeah
40 1/8/97 02 177 1 18.00 $142,000.

UT 6.99 2 149990000507740 2317 E 7200 S 81 $36,632.37 6/22/21 81 $171375
7/22/96 84660 299 05 0.50 2507740 $37,500. Spanish Fork
39 10/22/96 06 296 1 18.00 $258,810.



<PAGE>
CA 7.25 2 106990000507742 508 Heath Street 81 $7,890.52 5/25/21 75 $132675
6/25/96 95035 299 05 1.50 2507742 $13,200. Milpitas
50 12/25/96 01 295 1 18.00 $195,000.

IL 11.5 2 117990000507743 1455 Waterbury  91 $22,600. 7/16/21 90 $112900
7/16/96 60067 300 01 2.25 2507743 $22,600. Palatine
43 1/16/97 00 297 1 18.00 $150,752.


CO 6.99 2 108990000507744 295 Concord Lane 91 $15,542.14 6/5/21 90 $63000
7/5/96 81503 299 03 2.25 2507744 $15,700. Grand Junction
26 10/5/96 02 296 1 18.00 $87,500.

CA 11.5 2 106990000507746 201 Barclay  91 $42,243. 6/8/11 98 $219356
7/8/96 94030 179 05 3.25 2507746 $50,000. Millbrae
30 0 06 176 1 18.00 $275,000.


CA 6.99 2 106990000507747 864 Ocean View  91 $32,619.93 7/11/21 90 $207000
7/11/96 94401 300 05 2.75 2507747 $33,000. San Mateo
44 10/11/96 02 297 1 18.00 $268,000.






UT 7.25 2 149990000507748 146 E Sunset  91 $14,340.36 7/16/11 96 $76800
7/11/96 84115 180 05 3.75 2507748 $14,500. Salt Lake City
41 1/11/97 06 177 1 18.00 $96,000.

OR 12. 2 141990000507750 5503 SE Boise  91 $10,700. 7/11/11 90 $64000
7/11/96 97206 180 05 3.75 2507750 $10,700. Portland
38 0 06 177 1 18.00 $83,000.


CA 11. 2 106990000507755 28875 Barragan  91 $28,300. 5/17/21 90 $256708
5/17/96 91301 300 05 2.75 2507755 $28,300. Agoura Hills
23 8/17/96 06 295 1 18.00 $317,000.

CA 7.25 2 106990000507756 5685 Calpine DR 91 $99,925. 7/14/11 94 $500000
8/14/96 90265 179 05 3.75 2507756 $99,925. Malibu
37 2/14/97 00 177 1 15.00 $640,000.



<PAGE>
CO 6.99 2 108990000507757 6108 S Lone  91 $64,810.57 6/9/11 92 $466000
7/3/96 80439 179 05 3.75 2507757 $65,000. Evergreen
28 10/3/96 06 176 1 18.00 $583,000.

CA 7.25 2 106990000507762 23205 W  91 $39,748.71 6/12/21 90 $199600
7/12/96 91354 299 03 2.25 2507762 $39,900. Valencia Area
43 1/12/97 00 296 1 18.00 $266,189.


CA 11.5 2 106990000507773 7458 Mercedes  92 $19,883.35 7/10/11 100 $175000
7/10/96 94928 180 05 3.25 2507773 $20,000. Rohnert Park
37 0 02 177 1 18.00 $195,000.

UT 7.25 2 149990000507775 531 E 5th AVE 91 $12,685.88 6/8/11 89 $156000
7/8/96 84103 179 05 2.25 2507775 $50,000. Salt Lake City
43 1/8/97 03 176 1 18.00 $232,000.


CA 7.25 2 106990000507777 6 Bulson Court 91 $15,218.49 6/9/21 90 $107000
7/9/96 94559 299 05 2.25 2507777 $15,400. Napa
40 1/9/97 06 296 1 18.00 $136,000.

WA 8.25 2 153990000507779 13625 55th DR  81 $20,000. 4/30/21 75 $109840
5/30/96 98208 299 03 1.00 2507779 $20,000. Everett
45 8/31/96 02 295 1 18.00 $175,000.


WA 6.99 2 153990000507780 7508 190th PL NE 80 $9,901.43 7/5/11 93 $119358
7/5/96 98223 180 05 0.75 2507780 $19,000. Arlington
42 10/4/96 06 177 1 18.00 $149,900.






GA 10.5 2 113990000507781 3517 Angela LN 91 $10,450. 12/2/20 90 $65107
1/3/96 30132 298 05 2.25 2507781 $10,450. Dallas
43 4/3/96 06 290 1 18.00 $84,000.

UT 12. 2 149990000507782 6161 S Walnut  91 $25,733.11 7/11/11 99 $85300
7/12/96 84118 179 05 3.75 2507782 $27,000. Salt Lake City
42 0 06 177 1 18.00 $114,000.



<PAGE>
CA 6.99 2 106990000507786 1522 Elevation  91 $24,243.16 6/3/21 87 $163500
7/3/96 92110 299 05 2.75 2507786 $25,000. San Diego
45 10/3/96 06 296 1 18.00 $218,000.

NV 7.25 2 132990000507796 10 Tenille Drive 91 $17,477.27 6/8/11 90 $87700
7/8/96 89107 179 05 2.75 2507796 $17,500. Las Vegas
37 1/8/97 06 176 1 18.00 $117,000.


MI 7.25 2 126990000507797 1075 Drakeshire 90 $33,517.28 7/26/11 90 $141000
7/27/96 48309 179 05 3.25 2507797 $43,500. Walled Lake
36 1/26/97 06 177 1 18.00 $205,000.

CA 6.99 2 106990000507799 1053 Lakeridge  91 $27,661.32 7/15/21 90 $224000
7/15/96 94583 300 03 2.25 2507799 $28,000. San Ramon
40 10/15/96 01 297 1 18.00 $280,000.


UT 7.25 2 149990000507800 10059 S  81 $37,518.96 5/7/11 70 $45706
6/7/96 84094 179 05 1.25 2507800 $46,600. Sandy
32 12/7/96 02 175 1 18.00 $132,000.

UT 7.25 2 149990000507802 5281 S Rome  81 $16,336.86 6/15/21 80 $44697
7/15/96 84123 299 07 0.50 2507802 $24,000. Murray
42 1/15/97 06 296 1 18.00 $86,000.


CA 7.25 2 106990000507808 2401 Francisco  91 $45,917.15 6/11/21 90 $371200
7/11/96 92660 299 05 2.75 2507808 $46,400. Newport Beach
39 1/11/97 00 296 1 18.00 $464,000.

NJ 6.99 2 134990000507812 76 Plymouth DR 91 $34,037.2 6/29/21 90 $173925
7/29/96 07728 299 05 2.25 2507812 $34,500. Freehold
43 10/29/96 02 296 1 18.00 $232,000.


CA 6.99 2 106990000507813 628 Crescent  91 $8,074.87 6/11/21 85 $188000
7/11/96 91911 299 05 2.75 2507813 $10,000. Chula Vista
35 10/11/96 02 296 1 18.00 $235,000.







<PAGE>
CA 7.25 2 106990000507817 21950 Baldwin  91 $35,362.7 5/21/21 90 $178100
6/21/96 95030 299 05 2.75 2507817 $35,600. Los Gatos
43 12/21/96 02 295 1 18.00 $239,000.

UT 7.25 2 149990000507819 1038 E 11780 S 81 $20,132.61 7/12/21 67 $93513
7/12/96 84094 300 05 2.00 2507819 $40,000. Sandy
39 1/12/97 06 297 1 18.00 $200,000.


CA 11. 2 106990000507820 1631 Schuyler  91 $46,225.95 6/20/21 90 $440000
6/20/96 90210 300 05 2.75 2507820 $55,000. Los Angeles
43 9/20/96 00 296 1 18.00 $550,000.

CA 7.25 2 106990000507823 2015 Ernest  91 $16,770.57 6/21/21 90 $292000
6/21/96 90278 300 01 2.25 2507823 $36,500. Redondo Beach
29 12/21/96 01 296 1 18.00 $365,000.


WA 7.25 2 153990000507824 820 171st PL NE 81 $23,286.2 6/24/21 80 $144403
7/24/96 98008 299 05 0.50 2507824 $39,000. Bellvue
41 1/24/97 06 296 1 18.00 $230,000.

WA 10.5 2 153990000507827 5105 65th  91 $13,553.53 6/10/21 89 $133150
7/10/96 98467 299 05 2.25 2507827 $35,000. Tacoma
45 0 03 296 1 18.00 $190,000.


UT 7.25 2 149990000507828 415 N 100 W 91 $19,386.7 6/19/11 95 $163875
7/19/96 84032 179 05 3.75 2507828 $32,700. Heber City
40 1/19/97 06 176 1 18.00 $207,000.

CA 6.99 2 106990000507829 6602 Stonehill DR 91 $39,837.37 7/12/21 90 $503318
7/12/96 95120 300 05 2.75 2507829 $74,400. San Jose
40 10/12/96 02 297 1 18.00 $642,000.


CA 7.25 2 106990000507832 1127 Blanc CT 91 $42,783.88 6/25/21 90 $240000
7/16/96 94566 299 05 2.25 2507832 $43,500. Pleasanton
38 1/25/97 01 296 1 18.00 $315,000.

CA 7.25 2 106990000507833 19 Coronado CT 91 $35,603.55 6/11/11 90 $288000
7/11/96 90266 179 09 2.25 2507833 $36,000. Manhattan Beach
38 1/11/97 00 176 1 18.00 $360,000.



<PAGE>
CA 6.99 2 106990000507836 2263 Flora Street 81 $25,763.89 8/1/21 54 $138817
7/1/96 93401 301 05 0.50 2507836 $26,000. San Luis Obispo
31 10/1/96 06 298 1 18.00 $307,000.






NY 6.99 2 136990000507838 158-35 91st ST 81 $86,863.08 6/15/21 75 $190177
7/15/96 11414 299 05 1.50 2507838 $87,000. Howard Beach
50 10/18/96 03 296 1 18.00 $370,000.

CA 11.5 2 106990000507843 734 Gettysburg  92 $28,290.83 7/17/11 100 $125000
7/17/96 95020 180 09 3.25 2507843 $28,500. Gilroy
31 0 02 177 1 18.00 $155,000.


NM 6.99 2 135990000507844 3113 Don  81 $39,569.77 7/15/21 79 $115000
7/15/96 87104 300 05 0.25 2507844 $40,000. Albuquerque
14 10/15/96 00 297 1 18.00 $198,000.

CA 7.25 2 106990000507845 12606 Barrett LN 91 $31,734.58 7/12/21 90 $163125
7/12/96 92705 300 05 2.25 2507845 $32,200. Santa Ana Area
43 1/12/97 00 297 1 18.00 $217,500.


FL 11.5 2 112990000507846 422 Cindermill  92 $13,089.86 7/11/11 100 $100353
7/11/96 32746 180 05 3.25 2507846 $13,100. Lake Mary
47 0 02 177 1 18.00 $114,500.

CA 6.99 2 106990000507847 187 Joaquin Drive 91 $31,649.56 7/10/21 90 $162750
7/10/96 94526 300 05 2.75 2507847 $32,000. Danville
37 10/10/96 06 297 1 18.00 $217,000.


MD 7.25 1 124990000507849 446 Klee Mill RD 81 $130,381.72 7/3/21 80 $0
7/3/96 21784 300 05 1.50 2507849 $132,000. Sykesville
50 1/3/97 06 297 1 18.00 $165,000.

FL 7.25 1 112990000507850 16979 SW 274th  81 $195,000. 7/5/21 78 $0
7/5/96 33031 300 05 1.75 2507850 $195,000. Miami
45 1/5/97 06 297 1 18.00 $250,000.



<PAGE>
TN 6.99 2 147990000507852 2706 Nile RD 91 $9,911.01 7/5/21 90 $77650
7/5/96 37421 300 05 2.00 2507852 $10,000. Chatanooga
31 10/5/96 00 297 1 1400.00 $97,400.

VA 6.99 2 151990000507853 8941 Mountain  91 $35,000. 7/8/21 90 $280000
7/8/96 22153 300 03 2.75 2507853 $35,000. Springfield
43 10/8/96 00 297 1 18.00 $350,000.


VA 8.25 2 151990000507855 11415 Tanbark  91 $42,000. 6/25/21 90 $358650
6/25/96 22091 300 03 2.75 2507855 $44,000. Reston
44 9/25/96 03 296 1 18.00 $450,000.






WA 8.75 2 153990000507862 1401 Wheeler ST  81 $28,000. 6/16/21 78 $33405
7/11/96 98444 299 05 0.50 2507862 $28,000. Tacoma
44 0 03 296 1 18.00 $79,000.

CA 6.99 2 106990000507864 3612 Walton  91 $17,924.86 7/3/21 90 $91500
7/3/96 92503 300 05 2.25 2507864 $18,300. Riverside
32 10/3/96 06 297 1 18.00 $122,000.


HI 6.99 2 115990000507866 305 Ohina Place 81 $28,959.91 7/18/11 80 $203000
7/18/96 96753 180 05 2.75 2507866 $29,000. Kihei
45 10/18/96 00 177 1 18.00 $290,000.

CA 6.99 2 106990000507867 21 Volterra Corut 91 $27,569.11 7/16/21 87 $351350
7/16/96 94526 300 03 2.75 2507867 $28,000. Danville
50 10/16/96 00 297 1 18.00 $439,240.


CO 6.99 2 108990000507868 10719 Arrowhead  81 $11,648.44 6/16/21 79 $150257
7/16/96 80134 299 05 1.00 2507868 $49,000. Parker
44 10/16/96 06 296 1 18.00 $255,000.

UT 6.99 1 149990000507869 2756 East Apple  81 $4,987.11 6/16/21 14 $0
7/16/96 84117 299 05 0.25 2507869 $25,000. Salt Lake City
27 10/16/96 06 296 1 18.00 $182,500.



<PAGE>
UT 7.25 2 149990000507870 1871 E Yalecrest  91 $138,349.35 6/16/21 85 $148653
7/16/96 84108 299 05 2.75 2507870 $140,000. Salt Lake City
42 1/16/97 02 296 1 18.00 $340,000.

NY 6.99 2 136990000507872 211 Chittenden  91 $25,000. 7/9/11 90 $200000
7/9/96 10707 180 05 2.75 2507872 $25,000. Tuckahoe
33 11/9/96 00 177 1 18.00 $250,000.


UT 7.25 2 149990000507874 1886 S 200 E 91 $6,965.34 6/8/11 94 $83702
7/8/96 84115 179 05 3.75 2507874 $10,000. Salt Lake City
38 1/8/97 06 176 1 18.00 $100,000.

CA 6.99 2 106990000507876 1841 Bahai ST 91 $18,030.64 7/18/21 87 $260000
7/18/96 94401 300 05 2.25 2507876 $20,000. San Mateo
35 10/18/96 01 297 1 18.00 $325,000.


WA 11.5 2 153990000507877 7347 18th  92 $35,527.24 7/10/11 100 $123958
7/10/96 98117 180 05 3.25 2507877 $35,700. Seattle
40 0 06 177 1 18.00 $160,000.






CA 12. 2 106990000507879 11222 S Benson  91 $50,000. 6/10/11 99 $294000
7/10/96 91762 179 05 3.75 2507879 $50,000. Ontario
45 0 02 176 1 18.00 $350,000.

UT 7.25 2 149990000507880 4265 N River RD 91 $24,293.83 6/11/21 90 $95502
7/11/96 84055 299 05 2.75 2507880 $25,000. Oakley
48 1/11/97 02 296 1 18.00 $134,000.


CA 7.25 2 106990000507882 720 S Johnson  91 $17,513.26 6/11/21 90 $103500
7/11/96 92020 299 05 2.75 2507882 $20,700. El Cajon
44 1/11/97 01 296 1 18.00 $138,000.

UT 6.99 2 149990000507883 3018 E 1070  91 $62,619.39 7/8/21 90 $66900
7/8/96 84040 300 05 2.75 2507883 $64,000. Layton
44 10/8/96 06 297 1 18.00 $145,500.



<PAGE>
CA 7.25 2 106990000507886 13405 St.  90 $32,000. 7/3/11 88 $256000
7/3/96 92064 180 05 2.75 2507886 $32,000. Poway
40 1/3/97 02 177 1 18.00 $330,000.

UT 7.25 2 149990000507889 2364 W 4600  91 $25,000. 6/9/11 93 $100000
7/9/96 84067 179 05 3.25 2507889 $25,000. Roy
31 1/9/97 02 176 1 18.00 $135,000.


CA 6.99 2 106990000507892 23655 E  81 $95,004.65 6/10/11 80 $781250
7/10/96 91765 179 03 1.75 2507892 $178,700. Diamond Bar
42 10/10/96 06 176 1 18.00 $1,200,000.

NY 12. 2 136990000507893 1375 64th ST 91 $32,394. 5/20/21 90 $160511
6/20/96 11219 299 07 3.75 2507893 $41,000. Brooklyn
48 9/20/96 06 295 1 18.00 $225,000.


CO 6.99 2 108990000507894 754 W 37th Street 91 $25,169.99 6/12/11 95 $83990
7/12/96 80538 179 05 3.75 2507894 $25,200. Loveland
44 10/12/96 02 176 1 18.00 $115,000.

CA 6.99 2 106990000507895 1511 Mandalay  81 $50,000. 7/19/21 79 $849367
7/19/96 93065 300 05 2.25 2507895 $50,000. Oxnard
22 10/19/96 06 297 1 18.00 $1,150,000.


CA 6.99 2 106990000507896 4025 Brighton  91 $22,724.63 7/10/21 90 $184000
7/10/96 94602 300 05 2.25 2507896 $23,000. Oakland
36 10/10/96 00 297 1 18.00 $230,000.






CA 6.99 2 106990000507897 7776 Apple  81 $27,461.22 7/11/11 76 $185459
7/11/96 95472 180 05 1.25 2507897 $45,000. Sebastopol
43 10/11/96 06 177 1 18.00 $305,000.

CO 6.99 2 108990000507898 1247 S Vallejo  91 $32,910.76 6/12/11 94 $81479
7/12/96 80223 179 05 3.75 2507898 $32,950. Denver
45 10/12/96 02 176 1 18.00 $123,000.



<PAGE>
WA 6.99 2 153990000507899 2406 E Prospect  91 $76,143.17 7/12/11 90 $183850
7/12/96 98112 180 05 3.00 2507899 $77,000. Seattle
29 10/11/96 06 177 1 18.00 $290,000.

CA 7.25 2 106990000507901 1820 Indian  91 $37,050. 5/18/21 90 $185200
6/18/96 94947 299 05 2.25 2507901 $37,050. Novato
40 12/18/96 00 295 1 18.00 $247,000.


CA 7.25 2 106990000507902 3029 Sequit Drive 91 $3,595.12 6/9/21 90 $280000
7/9/96 90265 299 05 2.75 2507902 $35,000. Malibu
35 1/9/97 00 296 1 18.00 $350,000.

CA 10.5 2 106990000507903 9039 Lloyd Place 91 $22,900. 6/13/21 90 $183200
6/13/96 90069 300 05 2.25 2507903 $22,900. West Hollywood
31 9/13/96 00 296 1 18.00 $229,000.


CA 6.99 2 106990000507904 412 S Emerald  91 $18,948.6 7/19/21 87 $76683
7/19/96 95351 300 05 2.25 2507904 $20,000. Modesto
26 10/19/96 02 297 1 18.00 $112,000.

UT 6.99 2 149990000507905 154 W Center ST 91 $20,546.47 6/25/11 95 $78000
7/25/96 84062 179 05 3.75 2507905 $20,750. Pleasant Grove
40 10/25/96 06 176 1 18.00 $104,000.


CA 6.99 2 106990000507907 23419 Deerfield  91 $27,029.68 7/1/21 85 $436000
7/19/96 95030 299 05 2.75 2507907 $27,250. Los Gatos
49 10/19/96 00 297 1 18.00 $545,000.

CA 7.25 2 106990000507908 1029 9th Street 91 $39,499.23 6/3/21 90 $320000
7/3/96 90254 299 05 2.75 2507908 $40,000. Hermosa Beach
45 1/3/97 00 296 1 18.00 $400,000.


CA 12.5 2 106990000507910 533 Park Way  92 $81,980. 5/19/11 100 $203000
6/19/96 95062 179 05 4.25 2507910 $82,000. Santa Cruz
43 0 01 175 1 18.00 $285,000.







<PAGE>
CA 7.25 2 106990000507911 400 Palomares  91 $38,500. 6/12/11 95 $208000
6/12/96 93003 180 05 3.75 2507911 $39,000. Ventura
13 12/12/96 00 176 1 18.00 $260,000.

CA 11. 2 106990000507912 10059 Lanarck  91 $26,703.53 5/28/21 87 $174000
6/28/96 91352 299 05 2.75 2507912 $27,000. Sun Valley
43 9/28/96 02 295 1 18.00 $232,000.


CA 7.25 2 106990000507913 1714 Cornell AVE 91 $29,962.19 7/15/21 82 $26030
7/15/96 98902 300 05 2.25 2507913 $30,000. Yakima
41 1/15/97 06 297 1 18.00 $69,000.

CA 6.99 2 106990000507914 226 Coleman  91 $32,634.56 7/10/21 90 $264000
7/10/96 94901 300 05 2.25 2507914 $33,000. San Rafael
40 10/1/96 00 297 1 18.00 $330,000.


CA 7.25 2 106990000507919 2910 Slivkoff  91 $39,512.96 6/1/21 95 $105945
7/1/96 92027 299 05 2.75 2507919 $40,000. Escondido
45 1/1/97 06 296 1 18.00 $155,000.

FL 7.25 2 112990000507920 3768 Torrey  81 $50,000. 7/8/11 75 $162000
7/8/96 34238 180 03 1.25 2507920 $50,000. Sarasota
44 1/8/97 03 177 1 18.00 $284,000.


FL 6.99 2 112990000507921 486 St. Andrew  81 $24,652.68 6/23/21 76 $40611
7/23/96 33962 299 03 1.50 2507921 $25,000. Naples
49 10/23/96 06 296 1 18.00 $87,000.

UT 7.25 2 149990000507923 4531 S  91 $26,982.06 6/15/21 90 $141000
7/15/96 84117 299 03 2.75 2507923 $27,000. Salt Lake City
49 1/15/97 00 296 1 18.00 $188,000.


OR 10.5 2 141990000507926 851 Cowlitz Street 91 $11,500. 6/25/21 90 $92000
6/25/96 97051 300 05 2.25 2507926 $11,500. St Helens
39 9/25/96 03 296 1 18.00 $115,000.

CA 6.99 2 106990000507927 1633 Caddington  91 $43,017.62 7/3/11 95 $231920
7/3/96 90275 180 05 3.25 2507927 $43,485. Rancho Palos
41 10/3/96 00 177 1 18.00 $289,900.



<PAGE>
CA 12. 2 106990000507929 532 Greenview  91 $45,000. 6/17/11 90 $207000
6/17/96 95336 180 05 3.75 2507929 $45,000. Manteca
31 0 06 176 1 18.00 $280,000.






CA 7.25 2 106990000507935 11775 Andasol  81 $27,896.29 6/17/21 80 $222460
6/17/96 91344 300 05 2.25 2507935 $27,900. Granada Hills
47 12/17/96 02 296 1 18.00 $315,000.

CA 7.25 2 106990000507936 476 20th ST 81 $27,546.4 7/5/11 70 $805000
7/5/96 90402 180 05 1.75 2507936 $75,000. Santa Monica
40 1/5/97 06 177 1 18.00 $1,275,000.


CA 6.99 2 106990000507940 3961 Beethoven  91 $27,017.76 6/5/21 90 $136850
7/5/96 90066 299 05 2.50 2507940 $27,300. Los Angeles
26 10/5/96 00 296 1 18.00 $182,500.

MI 7.25 2 126990000507943 3167 Elmcrest 90 $20,000. 7/15/11 90 $103400
7/15/96 48310 180 05 3.25 2507943 $20,000. Sterling Heights
25 1/15/97 00 177 1 18.00 $137,900.


CA 7.25 2 106990000507952 3008 Longdale  91 $18,365.12 7/9/21 85 $300000
7/9/96 90068 300 05 2.00 2507952 $18,750. Los Angeles
22 1/9/97 00 297 1 18.00 $375,000.

NY 7.25 2 136990000507954 6 Joshua CT 91 $39,523. 6/12/21 90 $192114
7/12/96 10952 299 05 2.75 2507954 $66,000. Monsey
41 1/12/97 03 296 1 18.00 $287,000.


CA 12. 2 106990000507955 1020 N Baker  91 $50,000. 6/20/11 94 $140873
6/20/96 95203 180 05 3.75 2507955 $50,000. Stockton
34 0 01 176 1 18.00 $205,000.

CA 6.99 2 106990000507957 19007 Leadwell  91 $14,917.2 6/16/21 90 $122400
7/16/96 91335 299 05 2.25 2507957 $15,300. Reseda
25 10/16/96 00 296 1 18.00 $153,000.



<PAGE>
ID 11. 2 116990000507960 11030 W Musket  91 $13,486.77 6/20/21 90 $68250
6/20/96 83713 300 05 2.75 2507960 $13,625. Boise
36 9/20/96 02 296 1 18.00 $91,000.

CA 7.25 2 106990000507963 4564 Pacific Rim  91 $44,600. 6/19/21 90 $357500
6/19/96 95121 300 05 2.25 2507963 $44,600. San Jose
44 12/19/96 00 296 1 18.00 $446,957.


OR 11.5 2 141990000507964 52919 NW 6th  92 $36,750. 6/26/11 100 $110250
6/26/96 97056 180 05 3.25 2507964 $36,750. Scappoose
35 0 02 176 1 18.00 $147,000.






CA 7.25 2 106990000507966 515 Lovell  91 $99,800. 6/21/21 85 $748500
6/21/96 94941 300 05 2.75 2507966 $99,800. Mill Valley
13 12/21/96 00 296 1 18.00 $998,000.

CA 11.5 2 106990000507969 4645 Phyllis Lane 91 $20,000. 5/26/11 99 $182146
6/26/96 94521 179 05 3.25 2507969 $20,000. Concord
43 0 06 175 1 18.00 $205,000.


NJ 7.25 1 134990000507972 1273 Everett ST 81 $10,782.42 7/12/21 80 $0
7/12/96 08104 300 07 0.25 2507972 $28,000. Camden
15 1/13/97 06 297 1 18.00 $35,000.

GA 10.75 2 113990000507974 2145 Laurel Lake  81 $24,750. 6/27/11 73 $113200
6/28/96 30174 179 03 2.50 2507974 $24,750. Suwanee
21 9/28/96 00 176 1 18.00 $190,000.


CA 11.5 2 106990000507976 807 San Carlo LN 91 $36,500. 7/1/11 93 $138978
7/1/96 93635 180 05 3.25 2507976 $36,500. Los Banos
33 0 02 177 1 18.00 $190,000.

FL 11.5 2 112990000507977 650 E 54th ST 92 $25,932.39 6/24/11 100 $105495
6/24/96 33013 180 05 3.25 2507977 $26,000. Hialeah
44 0 06 176 1 18.00 $132,000.



<PAGE>
NY 6.99 2 136990000507978 112-12 68th AVE 91 $24,773.3 7/15/11 88 $366600
7/10/96 11373 180 05 2.75 2507978 $45,000. Forest Hills
39 10/10/96 06 177 1 18.00 $470,000.

CA 7.25 2 106990000507981 1690 Euclid AVE 81 $4,938.73 6/18/11 62 $69531
7/18/96 93010 179 05 0.50 2507981 $40,000. Camarillo
23 1/18/97 06 176 1 18.00 $177,500.


GA 6.99 2 113990000507982 7040 Havenridge  91 $412.53 7/11/21 90 $138950
7/12/96 30253 299 03 2.25 2507982 $32,000. McDonough
45 10/12/96 00 297 1 18.00 $189,950.

CA 8.75 2 106990000507983 21 Isis Street 91 $10,063.28 7/5/21 85 $146800
7/5/96 94103 300 01 0.50 2507983 $18,000. San Francisco
29 0 00 297 1 18.00 $195,000.


GA 8.25 2 113990000507985 8595 Haven  91 $33,250. 6/12/21 90 $266300
6/13/96 30075 299 03 2.75 2507985 $33,250. Roswell
49 9/13/96 00 296 1 18.00 $332,900.






CA 12. 2 106990000507987 23416 W  92 $16,911.24 6/16/11 100 $332100
7/16/96 91354 179 03 3.75 2507987 $36,900. Los Angeles
49 0 03 176 1 18.00 $369,500.

CA 7.25 2 106990000507988 23227 W  91 $39,857.64 6/16/11 90 $199749
7/16/96 91354 179 03 3.25 2507988 $39,900. Valencia Area
48 1/16/97 00 176 1 18.00 $266,332.


CA 11.5 2 106990000507992 1640 Cold  81 $49,866.01 6/1/11 48 $260000
7/1/96 91302 179 05 3.25 2507992 $50,000. Calabasas
44 0 03 176 1 18.00 $650,000.

GA 8.25 2 113990000507993 187 Shoreline CIR 81 $24,760. 6/27/11 80 $207000
6/28/96 30263 179 03 0.50 2507993 $24,760. Newnan
37 9/28/96 00 176 1 18.00 $289,700.



<PAGE>
CA 6.99 2 106990000507995 235 Meadow  91 $30,572.33 6/17/21 90 $248000
7/17/96 92024 299 05 2.25 2507995 $31,000. Encinitas
49 10/17/96 00 296 1 18.00 $310,000.

CA 9.25 2 106990000507996 6123 Cartwright  81 $24,788. 5/27/21 30 $18153
6/27/96 91606 299 05 1.00 2507996 $25,000. Los Angeles
49 9/27/96 03 295 1 18.00 $148,000.


UT 7.25 2 149990000507999 7362 S 1540 E 91 $30,750. 6/11/11 95 $164800
7/11/96 84121 179 05 3.25 2507999 $30,900. Salt Lake City
41 1/11/97 01 176 1 18.00 $206,000.

WA 11.5 2 153990000508000 34118 SE 14th  91 $41,396.71 6/2/11 90 $185500
7/2/96 98671 179 05 3.25 2508000 $62,000. Wahougal
46 0 06 176 1 18.00 $275,000.


CA 12. 2 106990000508004 28924  91 $42,300.52 6/26/11 95 $228800
6/26/96 91301 180 05 3.75 2508004 $42,900. Agoura Hills
27 9/26/96 00 176 1 18.00 $286,000.

CA 6.99 2 106990000508015 41739 Chiltern  91 $22,000. 6/5/21 89 $292000
7/5/96 94536 299 05 2.25 2508015 $30,000. Fremont
34 10/5/96 01 296 1 18.00 $365,000.


CA 6.99 2 106990000508018 12648  91 $61,985.54 6/2/21 90 $217000
7/2/96 92064 299 05 3.75 2508018 $62,000. Poway
46 10/2/96 02 296 1 18.00 $310,000.






CA 8.25 2 106990000508021 16777 Otsego ST 91 $25,000. 6/24/21 88 $256000
6/24/96 91436 300 05 2.25 2508021 $25,000. Los Angeles
38 9/24/96 00 296 1 18.00 $320,000.

CA 12.5 2 106990000508022 5021 Casa Loma  91 $29,864.38 6/10/11 92 $174856
7/10/96 92686 179 05 4.25 2508022 $30,000. Yorba Linda
48 0 02 176 1 18.00 $223,000.



<PAGE>
CO 6.99 2 108990000508024 7697 S Allison CT 91 $19,593.1 7/15/21 84 $168750
7/15/96 80123 300 05 2.75 2508024 $20,000. Littleton
42 10/15/96 01 297 1 18.00 $225,000.

CA 7.25 2 106990000508025 813 Danbury  91 $33,388.69 6/24/11 95 $181600
6/24/96 93004 180 05 3.25 2508025 $34,000. Ventura
42 12/24/96 02 176 1 18.00 $227,000.


CA 12.5 2 106990000508027 9523 Peartree  91 $43,500. 6/2/11 95 $212831
7/2/96 90630 179 05 4.25 2508027 $43,500. Cypress
47 0 02 176 1 18.00 $270,000.

CA 12. 2 106990000508028 504 Hanland CT 91 $22,010. 6/26/11 95 $123200
6/26/96 96003 180 05 3.75 2508028 $23,000. Redding
43 9/26/96 06 176 1 18.00 $154,000.


CA 7.25 2 106990000508029 650 Page Mill  91 $74,965.06 6/2/21 85 $650000
7/2/96 94304 299 05 3.25 2508029 $100,000. Palo Alto
44 1/2/97 00 296 1 18.00 $885,000.

CA 7.25 2 106990000508030 18651 Runo Court 91 $39,583.38 6/5/21 88 $157285
7/5/96 95014 299 05 2.75 2508030 $40,000. Cupertino
41 1/5/97 06 296 1 18.00 $225,000.


CA 7.25 2 106990000508031 27537  91 $21,497.15 6/17/11 95 $365541
7/17/96 91354 179 03 3.75 2508031 $21,550. Valencia
43 1/17/97 03 176 1 18.00 $410,000.

NJ 6.99 2 134990000508032 14 Delaware AVE 81 $28,049. 7/12/21 76 $58767
7/12/96 08060 300 05 1.50 2508032 $29,000. Hainesport
26 10/12/96 02 297 1 18.00 $117,000.


CA 7.25 2 106990000508034 3920 Winding  81 $14,896.54 6/20/11 72 $600000
6/20/96 95864 180 05 1.00 2508034 $15,000. Sacramento
44 12/20/96 02 176 1 18.00 $860,000.







<PAGE>
CA 7.25 2 106990000508035 1432 Hillside  91 $34,420.72 6/25/21 90 $277600
6/25/96 91208 300 05 2.25 2508035 $34,700. Glendale
43 12/25/96 00 296 1 18.00 $347,000.

CA 6.99 2 106990000508037 3215 Flintdale DR 91 $35,104.15 7/22/11 90 $176250
7/22/96 95148 180 05 2.75 2508037 $35,200. San Jose
44 10/22/96 00 177 1 18.00 $235,000.


WA 6.99 2 153990000508038 2524 N Nettleton  81 $21,872.92 7/12/11 80 $74027
7/12/96 99205 180 05 0.75 2508038 $21,900. Spokane
40 10/12/96 06 177 1 18.00 $120,000.

MA 5.99 2 125990000508039 272 River RD 91 $20,903.72 6/30/21 90 $168000
7/30/96 01810 299 05 2.25 2508039 $21,000. Andover
27 10/30/96 00 297 1 18.00 $210,000.


CA 7.25 2 106990000508040 8122 Bleriot  91 $39,400. 7/1/21 90 $196850
7/1/96 90045 300 05 2.25 2508040 $39,400. Los Angeles
39 1/1/97 00 297 1 18.00 $262,500.

CA 8.25 2 106990000508042 10415 E Hayford  91 $13,438.53 5/27/21 83 $76786
6/27/96 90706 299 09 2.25 2508042 $22,000. Bellflower
37 9/27/96 06 295 1 18.00 $120,000.


CA 9.25 2 106990000508043 310 Corsten Road 81 $18,200. 6/25/21 80 $273750
6/25/96 94523 300 05 1.00 2508043 $18,200. Pleasant Hill
21 9/25/96 01 296 1 15.00 $365,000.

CA 6.99 2 106990000508044 345 Linda RD 81 $19,817.93 6/2/21 57 $205000
7/2/96 93109 299 05 1.00 2508044 $20,000. Santa Barbara
50 10/2/96 06 296 1 18.00 $400,000.


VA 6.99 2 151990000508045 36688 Innisbrook  91 $67,358.63 7/1/11 84 $287000
7/1/96 22132 180 03 3.25 2508045 $68,000. Purcellville
50 10/1/96 06 177 1 18.00 $425,000.

CA 10.5 2 106990000508046 23236 Aetna  91 $25,288.63 5/28/21 90 $204000
6/28/96 91367 299 05 2.25 2508046 $25,500. Los Angeles
37 9/28/96 00 295 1 18.00 $255,000.



<PAGE>
CA 6.99 2 106990000508048 18305 Murphy  91 $37,843.56 7/8/21 90 $195000
7/8/96 95037 300 05 2.00 2508048 $39,000. Morgan Hill
24 10/8/96 01 297 1 18.00 $260,000.






CA 12.5 2 106990000508049 14233 Barrymore  91 $44,656.18 7/9/11 92 $163985
7/9/96 92129 180 05 4.25 2508049 $45,000. San Diego
50 0 06 177 1 18.00 $227,500.

CA 6.99 2 106990000508053 198 Duran DR 81 $62,883.59 7/15/21 75 $207000
7/15/96 94901 300 05 1.00 2508053 $63,000. San Rafael
54 10/15/96 00 297 1 18.00 $363,000.


CA 6.99 2 106990000508055 2342 26th AVE 91 $38,000. 7/12/21 90 $192000
7/12/96 94116 300 05 2.25 2508055 $38,400. San Francisco
45 10/12/96 00 297 1 18.00 $256,000.

CA 7.25 2 106990000508057 735 E 95th Street 91 $24,988.35 5/25/11 95 $101952
6/25/96 90002 179 05 3.75 2508057 $25,000. Los Angeles
34 12/25/96 06 175 1 18.00 $135,000.


WA 7.25 2 153990000508058 11229 Waddell  91 $23,729.54 7/15/21 81 $197690
7/15/96 98512 300 05 2.75 2508058 $24,000. Olympia
42 1/15/97 06 297 1 18.00 $275,000.

MA 5.99 2 125990000508065 6-10 Gardner RD 81 $157.54 7/31/21 71 $100000
7/31/96 02139 300 05 0.50 2508065 $34,000. Cambridge
40 10/31/96 00 298 1 18.00 $189,000.


CA 6.99 2 106990000508071 1905 Oak Knoll  91 $27,304.05 7/24/21 90 $220000
7/24/96 94002 300 05 2.75 2508071 $27,500. Belmont
50 10/24/96 00 297 1 18.00 $275,000.

CO 6.99 2 108990000508072 215 Lakeshore  91 $55,169.44 6/8/21 90 $161026
7/8/96 80302 299 05 3.25 2508072 $83,000. Boulder
45 10/8/96 02 296 1 18.00 $272,000.



<PAGE>
MA 7.25 2 125990000508076 35 Kingston ST 91 $33,750. 6/27/11 90 $168750
6/27/96 02111 180 05 2.25 2508076 $33,750. Boston
50 12/27/96 00 176 1 18.00 $225,000.

UT 11.25 2 149990000508077 4230 S Mackay  91 $33,741.3 7/12/11 98 $92000
7/12/96 84123 180 05 3.00 2508077 $35,000. Murray
28 0 02 177 1 18.00 $130,000.


CA 6.99 2 106990000508078 421 Linden  91 $34,505.68 6/15/21 90 $173625
7/15/96 94066 299 05 2.25 2508078 $34,700. San Bruno
32 10/15/96 00 296 1 18.00 $231,500.






MA 6.99 2 125990000508079 42 Burton TER 91 $24,745.17 6/8/21 90 $117000
7/8/96 02190 299 05 2.00 2508079 $25,000. South Weymouth
30 10/8/96 06 296 1 18.00 $158,000.

CA 6.99 2 106990000508085 936 Bradley Court 91 $15,035.91 6/10/21 90 $124000
7/10/96 95448 299 05 2.75 2508085 $15,500. Healdsburg
45 10/10/96 06 296 1 18.00 $155,000.


CA 7.25 2 106990000508086 1495 De Rose  91 $13,285.88 7/16/21 90 $106400
7/16/96 95126 300 01 2.25 2508086 $13,300. San Jose
43 1/16/97 00 297 1 18.00 $133,500.

CA 6.99 2 106990000508087 2703 Olympia  91 $37,467.23 7/1/11 90 $188250
7/9/96 92008 179 05 2.25 2508087 $37,600. Carlsbad
36 10/1/96 00 177 1 18.00 $251,000.


WA 11. 2 153990000508089 6925 Bay View  91 $49,500. 7/5/11 89 $188853
7/5/96 98506 180 05 2.75 2508089 $49,500. Olympia
49 0 02 177 1 18.00 $268,000.

UT 6.99 2 149990000508090 935 Starcrest  91 $8,454.87 6/12/21 90 $81231
7/12/96 84116 299 05 2.25 2508090 $25,000. Salt Lake City
32 10/12/96 02 296 1 18.00 $118,500.



<PAGE>
GA 6.99 2 113990000508092 1170 Seale DR 81 $23,979.13 7/1/11 75 $207000
7/3/96 30202 179 05 0.50 2508092 $33,000. Alpharetta
42 10/3/96 00 177 1 18.00 $324,000.

CA 6.99 2 106990000508094 251 Dufour ST 81 $35,021. 8/1/21 80 $183000
8/1/96 95060 300 05 0.75 2508094 $45,000. Santa Cruz
27 11/1/96 02 298 1 15.00 $285,000.


CA 7.25 2 106990000508095 3417 Cedardale  91 $32,871.52 6/12/21 90 $264000
7/12/96 95148 299 05 3.25 2508095 $33,000. San Jose
40 1/13/97 00 296 1 18.00 $330,000.

CA 12. 2 106990000508099 3791 Westgate  92 $24,584.54 5/25/11 100 $98400
6/25/96 96001 179 05 3.75 2508099 $24,600. Redding
36 0 02 175 1 18.00 $123,000.


CA 6.99 2 106990000508101 119 Ipswich WAY 91 $34,300.33 7/19/11 88 $199100
7/19/96 94523 180 03 2.25 2508101 $34,400. Pleasant Hill
43 10/19/96 00 177 1 18.00 $265,500.






CA 6.99 2 106990000508102 700 Paige LN 91 $14,375.36 6/17/21 90 $117000
7/17/96 91360 299 05 0.50 2508102 $14,700. Thousand Oaks
49 10/17/96 00 296 1 18.00 $147,000.

MT 5.99 2 130990000508103 44 Box Lazy L 91 $26,700. 8/7/11 95 $94878
8/7/96 59759 180 05 4.25 2508103 $26,700. Whitehall
41 11/7/96 01 178 1 18.00 $128,000.


CA 12. 2 106990000508108 1821 Meadows  91 $30,785.65 5/27/11 95 $261800
6/27/96 90266 179 05 3.75 2508108 $30,800. Manhattan Beach
31 0 06 175 1 18.00 $308,000.

MI 7.25 2 126990000508109 2979 Pleasant  90 $64,000. 7/27/11 91 $318750
7/27/96 48309 180 05 4.25 2508109 $64,000. Rochester Hills
30 1/27/97 06 177 1 18.00 $425,000.



<PAGE>
OR 11. 2 141990000508110 8711 Ravine  91 $99,807.8 5/28/21 86 $207000
6/28/96 97007 299 03 2.75 2508110 $100,000. Beaverton
37 0 00 295 1 18.00 $360,000.

CA 7.25 2 106990000508113 5018 Golden  91 $48,855.77 6/20/21 90 $394800
6/20/96 90275 300 05 2.25 2508113 $49,300. Rancho Palos
42 12/20/96 00 296 1 18.00 $493,500.


FL 7.25 2 112990000508116 5900 SW 46th ST 81 $24,878.42 7/12/21 79 $78000
7/12/96 33155 300 05 0.25 2508116 $50,000. Miami
22 1/12/97 01 297 1 18.00 $163,000.

CA 7.25 2 106990000508118 110 Radford CT 91 $38,668.54 6/26/21 90 $313600
7/26/96 94583 299 03 2.25 2508118 $39,200. San Ramon
44 1/26/97 01 296 1 18.00 $392,000.


CO 7.25 2 108990000508119 195 Apricot WAY 91 $28,987.09 8/1/21 90 $148500
7/22/96 80104 300 09 3.25 2508119 $29,500. Castle Rock
40 1/17/97 02 298 1 18.00 $198,000.

CA 6.99 2 106990000508120 783 Lakeshore DR 91 $31,599.13 7/15/21 90 $256000
7/15/96 94065 300 01 2.00 2508120 $32,000. Redwood City
25 10/15/96 06 297 1 18.00 $320,000.


UT 7.25 1 149990000508122 1273 W 6850 S 81 $2,976.46 6/26/21 12 $0
7/26/96 84084 299 05 0.25 2508122 $20,000. West Jordan
22 1/26/97 06 296 1 18.00 $169,000.






ID 7.25 2 116990000508123 1820 N 8th ST 91 $32,709.13 7/1/21 90 $79500
7/1/96 83702 300 05 2.75 2508123 $33,900. Boise
42 1/1/97 06 297 1 18.00 $126,000.

WA 6.99 2 153990000508124 16715 NE Leaper  91 $14,063.47 7/2/11 95 $152000
7/2/96 98686 180 05 3.75 2508124 $14,200. Vancouver
43 10/2/96 06 177 1 18.00 $175,000.



<PAGE>
MI 6.99 2 126990000508125 3635 Seymour  91 $19,945.33 7/8/21 90 $144500
7/8/96 48462 300 05 2.25 2508125 $42,700. Ortonville
42 10/8/96 06 297 1 18.00 $208,000.

CA 11.5 2 106990000508126 7 Rocky RDG 91 $23,496.16 6/17/11 90 $190470
7/17/96 92720 179 05 3.25 2508126 $23,500. Irvine
45 0 02 176 1 18.00 $239,000.


CA 6.99 2 106990000508127 911 Leslie Street 91 $44,499.26 7/10/11 95 $192343
7/10/96 95023 180 05 3.75 2508127 $45,000. Holister
41 10/11/96 06 177 1 18.00 $250,000.

FL 7.25 2 112990000508128 720 Culpepper  91 $48,301.37 6/11/11 97 $154841
7/11/96 33325 179 03 3.75 2508128 $48,350. Davie
42 1/11/97 06 176 1 18.00 $210,000.


OR 12. 2 141990000508130 5655 Lompoc CT  91 $19,799.58 8/1/11 95 $74949
7/18/96 97306 180 05 3.75 2508130 $20,000. Salem
40 0 03 178 1 18.00 $100,000.

CA 6.99 2 106990000508132 3875 Concord  91 $24,685.94 7/19/11 95 $148172
7/19/96 94519 180 05 3.75 2508132 $25,000. Concord
50 10/19/96 06 177 1 18.00 $183,000.


IL 7.25 2 117990000508135 2110 W North  91 $16,274.36 7/26/21 90 $83250
7/26/96 60647 300 01 2.75 2508135 $16,500. Chicago
34 1/27/97 06 297 1 18.00 $111,000.

CA 6.99 2 106990000508137 2625 Donegal  91 $35,591.51 6/9/21 89 $240000
7/9/96 94080 299 05 2.25 2508137 $44,000. South San
34 10/9/96 02 296 1 18.00 $320,000.


OR 6.99 2 141990000508138 2874 NW Upshur  91 $24,680.05 7/9/21 90 $123750
7/9/96 97210 300 05 2.00 2508138 $24,700. Portland
29 10/9/96 06 297 1 18.00 $165,000.







<PAGE>
CO 6.99 2 108990000508139 2239 Indian  91 $47,250.61 6/17/21 90 $207000
7/17/96 80126 299 03 3.25 2508139 $89,900. Highlands Ranch
50 10/17/96 06 296 1 18.00 $331,000.

CA 7.25 2 106990000508140 220 38th ST 80 $27,477.81 7/8/11 67 $307480
7/8/96 90266 180 01 1.25 2508140 $50,000. Manhattan Beach
39 1/8/97 06 177 1 18.00 $535,000.


CA 6.99 2 106990000508144 21802 Regal  91 $32,542.23 6/25/21 90 $266400
7/25/96 92630 299 03 2.75 2508144 $33,000. Lake Forest
37 10/25/96 00 296 1 18.00 $333,000.

FL 6.99 1 112990000508147 11947 Island  81 $29,634.71 7/10/21 19 $0
7/10/96 33909 300 05 0.25 2508147 $50,000. Matlacha
28 10/10/96 06 297 1 18.00 $274,000.


OR 8.25 2 141990000508148 210 Barnes RD 91 $13,781.58 7/8/21 90 $47476
7/8/96 97496 300 05 3.25 2508148 $26,300. Winson
37 1/8/97 02 297 1 18.00 $82,000.

CA 6.99 2 106990000508149 630 Cunard Drive 91 $16,875.8 8/1/21 89 $142472
7/1/96 94558 301 05 2.25 2508149 $17,000. Napa
42 10/1/96 06 298 1 18.00 $180,000.


FL 7.25 2 112990000508154 411-413 SW 79th  81 $21,740.71 7/17/11 69 $74000
7/17/96 33144 180 05 1.00 2508154 $22,000. Miami
41 1/17/97 02 177 1 18.00 $140,000.

CA 7.25 2 106990000508158 4900 Leona ST 91 $38,250. 6/25/11 95 $204000
6/25/96 94619 180 05 3.75 2508158 $38,250. Oakland
38 12/25/96 00 176 1 18.00 $255,000.


NM 8.75 2 135990000508159 379 Juniper Hill  81 $10,541.14 5/21/21 74 $241017
6/21/96 87122 299 05 0.50 2508159 $11,000. Albuquerque
22 9/21/96 03 295 1 18.00 $345,000.

CA 6.99 2 106990000508161 4975 Jewel Street 91 $50,719.48 7/12/11 95 $273600
7/12/96 95010 180 05 3.75 2508161 $51,300. Capitola
38 10/12/96 00 177 1 18.00 $342,000.



<PAGE>
CA 10.5 2 106990000508163 1948 Pattiz AVE 91 $20,000. 6/1/21 88 $120000
6/25/96 90815 299 05 2.25 2508163 $20,000. Long Beach
30 9/1/96 00 296 1 18.00 $160,000.






CO 6.99 2 108990000508165 3600 S Pierce  91 $6,306.69 6/10/21 85 $63000
7/10/96 80235 299 01 2.75 2508165 $13,000. Denver
48 10/10/96 02 296 1 18.00 $90,000.

NM 6.99 2 135990000508166 41 Chaco Loop 91 $39,813. 7/19/21 90 $201350
7/19/96 87047 300 05 2.25 2508166 $40,300. Sandia Park
44 10/19/96 00 297 1 18.00 $268,500.


UT 5.99 2 149990000508169 8086 S Leslie DR 91 $26,303.2 7/25/11 95 $126750
7/25/96 84088 180 05 3.75 2508169 $33,800. West Jordan
41 10/25/96 06 177 1 18.00 $169,000.

CA 12. 2 106990000508173 988 Glen Oaks  91 $49,999.58 6/25/11 98 $487968
7/25/96 91105 179 05 3.75 2508173 $50,000. Pasadena
40 0 06 176 1 18.00 $550,000.


CA 6.99 2 106990000508185 341 The Terrace 91 $11,753.15 6/29/21 87 $78750
7/29/96 95573 299 05 2.25 2508185 $12,000. Willow Creek
25 10/29/96 06 296 1 18.00 $105,000.

FL 6.99 2 112990000508187 1155 San Pedro  81 $10,391.51 7/10/21 75 $207000
7/10/96 33156 300 05 0.25 2508187 $10,500. Coral Cables
30 10/10/96 06 297 1 18.00 $290,000.


CA 6.99 2 106990000508188 1653 Mathews  91 $71,900.48 6/16/21 90 $576000
7/16/96 90266 299 05 2.75 2508188 $72,000. Manhattan Beach
44 10/16/96 00 296 1 18.00 $720,000.

CA 6.99 2 106990000508190 Unit 1 12401  91 $18,450. 7/16/21 95 $98400
7/16/96 91604 300 01 3.25 2508190 $18,450. Studio City
39 10/16/96 00 297 1 18.00 $123,000.



<PAGE>
CO 6.99 2 108990000508191 1080 S York ST 81 $44,539.5 6/8/11 76 $96476
7/8/96 80209 179 05 1.00 2508191 $50,000. Denver
41 10/8/96 06 176 1 18.00 $193,000.

CA 6.99 2 106990000508198 13791 Malena DR 91 $33,756.7 6/3/11 95 $211900
7/3/96 92680 179 05 3.75 2508198 $49,300. Tustin
33 10/3/96 06 176 1 18.00 $275,000.


NY 7.25 2 136990000508200 Sager RD 91 $54,701.26 8/5/11 90 $232976
8/5/96 10509 180 05 4.25 2508200 $55,000. Brewster
44 2/5/97 02 178 1 18.00 $320,000.






OR 6.99 2 141990000508201 15498 SE 329th  81 $6,183.84 7/9/21 71 $77278
7/9/96 97009 300 05 0.50 2508201 $50,000. Boring
35 10/9/96 06 297 1 18.00 $179,500.

LA 6.99 2 122990000508209 14238 Forest  81 $11,481.9 7/15/21 70 $47700
7/15/96 70737 300 05 1.00 2508209 $11,500. Gonzales
42 10/15/96 06 297 1 18.00 $85,000.


OR 7.25 2 141990000508212 1555 Laurel  91 $24,912. 8/1/11 90 $129000
7/26/96 97321 180 05 3.25 2508212 $25,750. Albany
26 1/23/97 02 178 1 18.00 $172,000.

NC 6.99 2 137990000508216 Route 3 Box 67a 81 $14,926.39 7/15/21 80 $81000
7/15/96 28326 300 05 0.25 2508216 $22,000. Cameron
29 10/15/96 06 297 1 1600.00 $129,000.


CA 7.25 2 106990000508218 1400 Granvia  91 $50,905.33 6/17/11 90 $408000
7/17/96 90274 179 05 2.75 2508218 $51,000. Palos Verdes
27 1/17/97 00 176 1 18.00 $510,000.

CA 6.99 2 106990000508220 4841 Lori Ann 91 $41,508.5 7/9/11 94 $151040
7/9/96 92714 180 05 3.75 2508220 $41,600. Irvine
41 10/10/96 02 177 1 18.00 $207,000.



<PAGE>
MD 8.25 2 124990000508223 5216 Locust AVE 81 $99,600. 6/28/21 80 $164396
6/28/96 20814 300 05 1.00 2508223 $99,600. Bethesda
42 9/28/96 02 296 1 18.00 $330,000.

CA 7.25 2 106990000508226 990 N Mentor  91 $37,450.08 6/11/21 90 $165000
7/11/96 91104 299 05 3.25 2508226 $37,500. Pasadena
49 1/11/97 02 296 1 18.00 $225,000.


CA 7.25 2 106990000508227 31005 Marne DR 90 $25,000. 7/12/11 88 $631250
7/12/96 90275 180 05 3.75 2508227 $80,100. Rancho Palos
45 1/12/97 06 177 1 18.00 $815,000.

UT 5.99 2 149990000508228 636 E Springhill  91 $47,744.19 7/26/21 90 $60774
7/26/96 84107 300 10 2.75 2508228 $48,000. Murray
44 10/26/96 02 297 1 18.00 $121,000.


CA 5.99 2 106990000508229 505 Breakwater  91 $21,800. 7/20/11 89 $356696
8/20/96 94065 179 05 3.25 2508229 $21,800. Redwood City
36 11/20/96 03 177 1 15.00 $430,000.






CA 6.99 2 106990000508232 2950 6th AVE 91 $36,991.37 6/1/21 90 $88556
7/1/96 94605 299 05 3.25 2508232 $37,000. Oakland
49 10/1/96 02 296 1 18.00 $140,000.

CA 6.99 2 106990000508233 1652 Tryon Court 91 $20,250. 6/3/21 92 $103358
7/3/96 95222 299 05 3.25 2508233 $20,250. Angels Camp
42 10/3/96 01 296 1 18.00 $135,000.


CA 7.25 2 106990000508234 26887 Merril  91 $36,857.82 8/1/21 95 $138750
7/24/96 93638 300 05 4.25 2508234 $37,000. Madera
45 1/25/97 02 298 1 18.00 $185,000.

ID 7.25 2 116990000508235 531 6th Street  81 $32,189.39 7/5/21 33 $62698
7/5/96 83340 300 05 1.00 2508235 $50,000. Ketchum
28 1/5/97 02 297 1 18.00 $349,000.



<PAGE>
FL 7.25 2 112990000508236 935 79th TER 81 $3,045.68 7/12/11 66 $91000
7/12/96 33141 180 10 1.00 2508236 $41,000. Miami Beach
44 1/12/97 06 177 1 18.00 $200,000.

CA 7.25 2 106990000508237 165 Jackson ST 91 $16,801.95 6/11/21 90 $148000
7/11/96 94523 299 05 2.75 2508237 $27,500. Pleasant Hill
32 1/11/97 02 296 1 18.00 $195,000.


GA 7.25 2 113990000508238 245 Brookshire  91 $16,861.12 6/10/21 94 $121100
7/10/96 30215 299 05 3.75 2508238 $16,900. Fayetteville
43 1/10/97 03 296 1 18.00 $148,000.

OR 7.25 2 141990000508239 12330 SW  81 $179,450. 7/1/11 80 $207000
7/1/96 97123 180 05 1.75 2508239 $179,450. Hillsboro
24 1/1/97 06 177 1 18.00 $485,000.


CA 7.25 2 106990000508241 4838 Reynolds  91 $25,178.25 7/12/21 90 $201600
7/12/96 90505 300 05 2.25 2508241 $25,200. Torrance
42 1/12/97 00 297 1 18.00 $252,000.

CA 6.99 2 106990000508243 908 Chaparral DR 91 $11,985.71 7/12/21 87 $170250
7/12/96 91789 300 05 2.75 2508243 $27,000. Walnut
34 10/12/96 06 297 1 18.00 $227,000.


CO 6.99 2 108990000508244 4536 Montview  81 $26,685.73 6/12/11 55 $84565
7/12/96 80207 179 05 1.00 2508244 $30,000. Denver
44 10/12/96 06 176 1 18.00 $210,000.






NV 6.99 2 132990000508245 1697 Windmill  91 $62,904.15 7/5/11 90 $206965
7/5/96 89410 180 05 2.50 2508245 $62,955. Gardnerville
25 10/5/96 00 177 1 18.00 $299,950.

CO 7.25 2 108990000508246 9349 Tammy LN 91 $55,000. 8/1/21 84 $112000
7/25/96 80134 300 05 3.25 2508246 $55,000. Parker
39 1/26/97 02 298 1 18.00 $200,000.



<PAGE>
OR 6.99 2 141990000508247 1364 Golden  81 $20,461.23 7/1/11 75 $71114
7/1/96 97303 180 05 3.25 2508247 $30,000. Keizer
31 10/1/96 06 177 1 18.00 $135,000.

CA 12.5 2 106990000508250 2121 Apex AVE 91 $8,506. 6/8/11 95 $112500
7/8/96 90039 179 05 4.25 2508250 $30,000. Los Angeles
50 0 03 176 1 18.00 $150,000.


ID 16.5 2 116990000508252 1860 W  91 $17,947.53 7/1/11 99 $155572
7/1/96 83642 180 03 3.25 2508252 $18,000. Meridian
20 0 02 177 1 18.00 $177,000.

NM 7.25 2 135990000508255 632 Archibeque  91 $26,987.42 6/9/21 91 $45241
7/9/96 87124 299 05 3.25 2508255 $27,000. Rio Rancho
36 1/9/97 02 296 1 18.00 $79,500.


CA 10.5 2 106990000508264 3211 Texas Hill  91 $8,478.13 6/28/11 90 $148000
6/28/96 95667 180 05 2.25 2508264 $18,500. Placerville
43 9/28/96 06 176 1 18.00 $185,000.

CA 7.25 2 106990000508265 1535 Pathfinder  91 $90,000. 7/1/21 81 $633000
7/1/96 91362 300 05 1.00 2508265 $90,000. Thousand Oaks
46 1/1/97 02 297 1 18.00 $900,000.


CA 7.25 2 106990000508266 4340 & 4340 1/2  81 $10,000. 6/19/11 57 $84664
7/19/96 90027 179 10 1.00 2508266 $10,000. Los Angeles
50 1/19/97 06 176 1 18.00 $167,000.

OR 7.25 2 141990000508267 2797 Villa WAY 91 $40,744.76 8/1/21 87 $70809
7/11/96 97477 300 05 2.75 2508267 $40,400. Springfield
51 1/11/97 06 298 1 18.00 $128,000.


CA 6.99 2 106990000508268 51 Spring RD 81 $33,954.36 7/12/21 73 $207000
7/12/96 94938 300 05 1.00 2508268 $50,000. Lagunitas
41 10/12/96 02 297 1 18.00 $355,000.







<PAGE>
CA 7.25 2 106990000508269 1131 Sunny Court 91 $17,183.71 8/1/11 95 $92000
7/25/96 95116 180 01 3.75 2508269 $17,250. San Jose
45 1/25/97 00 178 1 18.00 $115,000.

CA 7.25 2 106990000508271 3936 Karen Lynn 91 $42,350.18 7/17/21 93 $354187
7/17/96 91206 300 05 2.25 2508271 $43,000. Glendale
44 1/17/97 01 297 1 18.00 $430,000.


CA 7.25 2 106990000508275 1005 Stradella RD 91 $6,217. 7/15/21 90 $408000
7/15/96 90077 300 05 2.25 2508275 $50,000. Los Angeles
36 1/15/97 06 297 1 18.00 $510,000.

MA 7.25 2 125990000508276 373  81 $40,000. 6/24/21 80 $92836
6/24/96 02116 300 08 1.00 2508276 $62,000. Boston
35 12/24/96 02 296 1 18.00 $195,000.


CA 7.25 2 106990000508277 2036 Palmetto  91 $40,748.58 7/10/21 90 $204400
7/10/96 92831 300 03 2.75 2508277 $40,800. Fullerton
45 1/10/97 00 297 1 18.00 $272,552.

CA 7.25 2 106990000508280 1617 Willowgate  91 $33,825.18 6/17/11 95 $185000
7/17/96 95118 179 05 3.75 2508280 $39,000. San Jose
42 1/17/97 03 176 1 18.00 $237,000.


FL 6.99 2 112990000508281 9368 SW 185th  91 $20,979.01 6/11/21 81 $72800
7/11/96 33157 299 05 3.25 2508281 $21,000. Miami
50 10/11/96 02 296 1 18.00 $116,000.

CA 7.25 2 106990000508282 4840 Beckham CT 91 $17,490.03 6/5/21 90 $140959
7/5/96 94521 299 05 3.25 2508282 $26,000. Concord
49 1/5/97 02 296 1 18.00 $186,000.


CA 7.25 2 106990000508287 526 Hunter DR 91 $38,428.53 7/18/11 95 $205600
7/18/96 93015 180 05 3.25 2508287 $38,500. Fillmore
44 1/18/97 00 177 1 18.00 $257,000.

CA 7.25 2 106990000508289 23412 Berwick PL 91 $45,842.15 7/17/21 90 $207000
7/17/96 91354 300 03 2.25 2508289 $45,900. Valencia Area
37 1/17/97 00 297 1 18.00 $281,000.



<PAGE>
CA 7.25 2 106990000508290 108 Tynan WAY 91 $42,178.09 6/11/21 90 $338400
7/11/96 94028 299 05 2.75 2508290 $42,300. Portola Valley
31 1/11/97 00 296 1 18.00 $423,000.






CA 7.25 2 106990000508292 11833 S Park  91 $58,368.17 6/10/21 90 $468000
7/10/96 90066 299 05 2.75 2508292 $58,500. Los Angeles
40 1/10/97 00 296 1 18.00 $585,000.

FL 7.25 2 112990000508293 5989 SW 80th ST 91 $39,965.47 6/12/21 86 $205000
7/12/96 33143 299 05 3.75 2508293 $40,000. Miami
42 1/13/97 02 296 1 18.00 $285,000.


OR 6.99 2 141990000508294 25405 S Eldorado  81 $22,042.89 6/29/21 74 $88768
7/29/96 97042 299 05 1.00 2508294 $47,000. Mulino
47 10/29/96 06 296 1 18.00 $185,000.

CA 6.99 2 106990000508296 120 Essex CT 91 $22,880.11 7/11/21 90 $135823
7/11/96 94591 300 05 2.25 2508296 $23,000. Vallejo
42 10/11/96 06 297 1 18.00 $177,000.


FL 11.5 2 112990000508297 11345 SW 57th  92 $15,991.97 6/10/11 100 $82000
7/10/96 33173 179 05 3.25 2508297 $37,200. Miami
35 0 02 176 1 18.00 $120,000.

CA 7.25 2 106990000508298 250 River ST 91 $11,607.26 6/10/21 90 $60000
7/10/96 95060 299 01 2.75 2508298 $12,000. Santa Cruz
14 1/10/97 00 296 1 18.00 $80,000.


MN 6.99 2 127990000508299 310 Meadow  91 $101.07 7/15/21 91 $125500
7/15/96 55932 300 05 3.25 2508299 $25,050. Elgin
46 10/15/96 01 297 1 18.00 $167,000.

MI 8.25 2 126990000508304 3216 Gateway  81 $9,998.73 7/1/21 77 $151000
6/26/96 48390 300 01 0.25 2508304 $10,000. Walled Lake
28 9/26/96 06 297 1 18.00 $210,000.



<PAGE>
OR 9.25 2 141990000508307 13647 SW 63rd  81 $40,000. 12/15/20 67 $60000
1/15/96 97219 299 05 1.00 2508307 $40,000. Portland
32 4/30/96 06 290 1 18.00 $150,000.

CA 6.99 2 106990000508308 12147 Stonegate  91 $20,974.99 6/10/21 87 $98000
7/10/96 92645 299 03 3.25 2508308 $21,000. Garden Grove
50 10/10/96 02 296 1 18.00 $137,000.


CO 6.99 2 108990000508310 7538 Madrid CT 81 $20,328. 7/17/21 80 $50627
7/17/96 80920 300 07 0.50 2508310 $29,000. Colorado Springs
40 10/17/96 02 297 1 18.00 $100,000.






MS 6.99 2 128990000508311 2092 Westwood  91 $10,000. 7/11/21 87 $48900
7/11/96 39440 300 05 2.75 2508311 $10,000. Laurel
37 10/11/96 06 297 1 18.00 $68,000.

UT 6.99 1 149990000508312 621 N 200 East 81 $67,702.12 6/22/21 78 $0
7/22/96 84337 299 05 1.00 2508312 $67,900. Tremonton
27 10/22/96 06 296 1 18.00 $88,000.


CA 6.99 2 106990000508314 120-122 Cadmus  91 $10,939.25 6/8/21 90 $203000
7/8/96 92024 299 10 2.75 2508314 $44,500. Encinitas
43 10/8/96 06 296 1 18.00 $275,000.

CA 12. 2 106990000508315 10055 Topeka  81 $66,000. 7/11/11 60 $98220
7/11/96 91326 180 05 3.75 2508315 $66,000. Northridge/los
42 0 06 177 1 18.00 $275,000.


GA 8.75 2 113990000508316 380 Strawberry  81 $16,066.71 6/27/21 59 $52094
6/28/96 30064 299 05 0.50 2508316 $20,000. Marietta
31 9/28/96 06 296 1 18.00 $123,500.

CA 7.25 2 106990000508318 771 S Triunfo  81 $79,946.84 6/9/21 53 $55000
7/9/96 91362 299 05 1.00 2508318 $80,000. Thousand Oaks
42 1/9/97 00 296 1 18.00 $255,000.



<PAGE>
CA 6.99 2 106990000508319 2045 Winston  81 $17,578.51 7/16/21 45 $7962
7/16/96 94533 300 05 0.25 2508319 $50,000. Fairfield
25 10/16/96 03 297 1 18.00 $130,000.

UT 6.99 2 149990000508320 4655 W Travis  91 $11,250. 8/23/11 83 $135000
7/23/96 84088 181 05 2.25 2508320 $12,000. West Jordan
40 10/23/96 03 178 1 18.00 $178,000.


CO 6.99 2 108990000508323 6900 Road 24.2 91 $26,487.78 6/3/21 90 $92000
7/3/96 81321 299 05 3.25 2508323 $26,800. Cortez
49 10/3/96 02 296 1 18.00 $132,000.

MD 11. 2 124990000508324 5134 Trailway DR 91 $25,000. 6/27/21 90 $200000
6/27/96 20853 300 05 2.75 2508324 $25,000. Rockville
29 9/27/96 00 296 1 18.00 $250,000.


GA 6.99 2 113990000508327 701 Pine Lake DR 91 $8,906.04 7/12/21 90 $124873
7/12/96 30130 300 05 2.75 2508327 $16,700. Cumming
39 10/12/96 06 297 1 18.00 $158,000.






MI 10.25 2 126990000508334 46445  91 $41,055.46 7/5/21 90 $106118
7/5/96 48317 300 05 2.00 2508334 $41,100. Shelby Township
21 8/5/96 06 297 1 18.00 $164,000.

CA 6.99 2 106990000508336 27875 N  91 $41,337.14 6/15/21 90 $207000
7/15/96 91354 299 03 2.25 2508336 $41,450. Valencia Area
42 10/15/96 00 296 1 18.00 $277,000.


CA 7.25 2 106990000508337 350 W Loraine ST 91 $19,681.37 6/11/21 89 $116951
7/11/96 91202 299 01 3.25 2508337 $25,000. Los Angeles
38 1/11/97 06 296 1 18.00 $160,000.

CA 6.99 2 106990000508340 20965 Eagles  81 $39,392.45 7/18/21 80 $64455
7/18/96 92630 300 05 1.00 2508340 $39,500. Lake Forest
24 10/18/96 06 297 1 18.00 $130,000.



<PAGE>
VA 7.25 2 151990000508345 1011 Warwick CT 91 $35,476.41 7/16/11 95 $64207
7/11/96 20164 180 01 3.25 2508345 $35,500. Sterling
33 1/11/97 06 177 1 18.00 $105,000.

CA 6.99 2 106990000508346 920 Rosecrans  91 $28,776.73 6/8/21 90 $230400
7/8/96 90266 299 05 3.25 2508346 $28,800. Manhattan Beach
49 10/8/96 00 296 1 18.00 $288,000.


CA 12. 2 106990000508348 2547 Timber  91 $31,500. 6/1/11 95 $168000
7/1/96 93030 179 05 3.75 2508348 $31,500. Oxnard
43 0 00 176 1 18.00 $210,000.

CA 6.99 2 106990000508349 202 Calle  91 $8,233.08 6/11/21 90 $270400
7/11/96 92029 299 05 2.75 2508349 $67,100. Escondido
37 10/11/96 06 296 1 18.00 $375,000.


CA 6.99 2 106990000508350 3231 Mainway  91 $22,430.57 6/10/21 87 $206250
7/10/96 90720 299 05 3.25 2508350 $30,700. Los Alamitos
49 10/10/96 06 296 1 18.00 $275,000.

CA 7.25 2 106990000508351 2019 Seventh  91 $31,821.77 6/17/21 90 $159750
7/17/96 94550 299 05 3.25 2508351 $31,900. Livermore
47 1/17/97 00 296 1 18.00 $213,000.


CO 7.25 2 108990000508352 533 Fruitwood DR 91 $35,655. 7/12/11 95 $68700
7/12/96 81504 180 05 4.25 2508352 $35,700. Grand Junction
50 1/12/97 02 177 1 18.00 $110,000.






CA 6.99 2 106990000508354 3929 S Havard  91 $22,002.63 7/12/21 90 $110250
7/12/96 90062 300 05 2.25 2508354 $22,050. Los Angeles
27 10/12/96 02 297 1 18.00 $147,000.

CA 6.99 2 106990000508356 13010 Maxella  91 $37,469.71 7/5/21 90 $187500
7/5/96 90292 300 01 2.25 2508356 $37,500. Los Angeles
43 10/5/96 00 297 1 18.00 $250,000.



<PAGE>
CA 7.25 2 106990000508359 3242 Hutchison  91 $23,487.79 7/11/21 90 $176182
7/11/96 90034 300 05 2.25 2508359 $25,500. Los Angeles
44 1/11/97 02 297 1 18.00 $225,000.

CA 6.99 2 106990000508360 910 Jenny WAY 81 $39,898.75 6/11/21 80 $202248
7/11/96 95018 299 05 1.00 2508360 $40,000. Felton
44 10/11/96 06 296 1 18.00 $303,000.


CA 6.99 2 106990000508361 4550 Brandt RD 91 $52,316.83 6/17/21 90 $105000
7/17/96 92227 299 05 3.25 2508361 $52,500. Brawley
44 10/17/96 06 296 1 18.00 $175,000.

CA 11.5 2 106990000508364 6921 Rodling  92 $5,803.76 5/3/11 100 $148500
6/3/96 95138 179 01 3.25 2508364 $10,000. San Jose
36 0 06 175 1 18.00 $160,000.


CA 7.25 2 106990000508365 260 G ST 91 $33,876.89 6/11/21 90 $200000
7/11/96 94063 299 05 2.75 2508365 $34,000. Redwood City
42 1/11/97 00 296 1 18.00 $260,000.

CA 7.25 2 106990000508368 2976 Childrens  91 $41,148.85 6/24/21 90 $206250
7/24/96 95062 299 05 2.75 2508368 $41,250. Santa Cruz
50 1/24/97 00 296 1 18.00 $275,000.


CA 7.25 2 106990000508370 1631 Bruin ST 91 $59,924.38 6/12/21 98 $125832
7/12/96 90047 299 05 3.25 2508370 $60,000. Los Angeles
46 1/12/97 02 296 1 18.00 $191,000.

UT 7.25 2 149990000508371 3701 S Europa  81 $10,461.57 6/26/21 80 $163933
7/26/96 84106 299 05 0.50 2508371 $40,000. Salt Lake City
42 1/26/97 06 296 1 18.00 $255,000.


OR 7.25 2 141990000508372 15917 SE Clinton  91 $42,328.25 8/1/11 95 $71026
7/26/96 97236 180 05 4.25 2508372 $42,500. Portland
44 1/25/97 02 178 1 18.00 $120,000.







<PAGE>
CA 6.99 2 106990000508373 341 S Pueblo  81 $35,352.37 6/10/21 80 $79349
7/10/96 93023 299 05 1.50 2508373 $40,000. In The Area Of
50 10/10/96 02 296 1 18.00 $150,000.

CA 7.25 2 106990000508374 5958 Oliva  91 $19,986.71 6/8/21 85 $115900
7/8/96 90712 299 05 3.25 2508374 $20,000. Lakewood
50 1/8/97 02 296 1 18.00 $160,000.


CA 6.99 2 106990000508375 25780 Piuma RD 91 $30,000. 6/2/21 88 $328000
7/2/96 90265 299 05 3.25 2508375 $30,000. Malibu
50 10/2/96 06 296 1 18.00 $410,000.

OR 7.25 2 141990000508376 17070 SW  91 $43,440.66 6/30/21 90 $82433
7/5/96 97007 299 05 2.50 2508376 $43,500. Aloha
25 12/31/96 02 297 1 18.00 $140,000.


MI 7.25 2 126990000508377 6597 Cross Creek  90 $42,000. 7/29/11 90 $135000
7/29/96 48094 180 05 4.25 2508377 $42,000. Washington
38 1/29/97 06 177 1 18.00 $197,000.

CA 7.25 2 106990000508378 10 Tamalpais  91 $14,987.05 6/2/21 83 $153750
7/2/96 94930 299 05 3.25 2508378 $15,000. Fairfax
50 1/2/97 03 296 1 18.00 $205,000.


NV 7.25 2 132990000508379 983 Hook CT 81 $31,500. 6/15/21 75 $441000
7/15/96 89450 299 05 1.00 2508379 $31,500. Incline Village
41 1/15/97 03 296 1 18.00 $630,000.

CA 6.99 2 106990000508380 8015 S 2nd AVE 81 $15,000. 6/6/21 81 $102250
7/6/96 90305 299 05 2.25 2508380 $15,000. Inglewood
36 10/6/96 02 296 1 18.00 $145,000.


CA 6.99 2 106990000508382 22321 Chase  91 $20,960. 6/17/21 90 $167680
7/17/96 91304 299 05 1.00 2508382 $20,960. Canoga Park
37 10/17/96 00 296 1 18.00 $209,600.

CA 6.99 2 106990000508383 10196 Baywood  81 $98,156.35 6/16/21 80 $693461
7/16/96 90077 299 01 1.50 2508383 $98,500. Los Angeles
45 10/16/96 06 296 1 18.00 $990,000.



<PAGE>
CA 6.99 2 106990000508384 2251 Suree Ellen  91 $46,968.04 6/1/21 90 $376000
7/1/96 91001 299 05 2.25 2508384 $47,000. Altadena Area
40 10/1/96 00 296 1 18.00 $470,000.






CA 6.99 2 106990000508385 1153-55 S  91 $40,059.75 7/11/21 90 $201000
7/11/96 90035 300 05 2.75 2508385 $40,200. Los Angeles
43 10/11/96 00 297 1 18.00 $268,000.

IL 7.25 2 117990000508386 2520 N Ridgeway  91 $17,807.26 8/1/21 87 $104540
7/29/96 60647 300 01 2.75 2508386 $18,000. Chicago
50 1/23/97 02 298 1 18.00 $142,000.


CA 6.99 2 106990000508387 116-118 N  91 $38,400. 6/30/21 90 $192000
7/30/96 94401 299 10 3.25 2508387 $38,400. San Mateo
44 10/30/96 00 297 1 18.00 $256,000.

CA 6.99 2 106990000508388 28617 Stokowski  91 $34,991.83 6/5/21 90 $280000
7/5/96 90275 299 05 2.25 2508388 $35,000. Rancho Palos
44 10/5/96 06 296 1 18.00 $350,000.


CA 6.99 2 106990000508389 325 E Oakwood  91 $33,000. 7/24/21 90 $264000
7/24/96 94063 300 05 2.25 2508389 $33,000. Redwood City
33 10/24/96 00 297 1 18.00 $330,000.

UT 12. 2 149990000508391 1403 S Stratford  92 $36,969.8 6/19/11 100 $101434
7/19/96 84106 179 05 3.75 2508391 $59,000. Salt Lake City
38 0 06 176 1 18.00 $161,500.


CA 6.99 2 106990000508392 2703 Emerald  81 $13,762.42 7/16/21 80 $206850
7/16/96 95616 300 05 0.50 2508392 $13,800. Davis
34 10/16/96 00 297 1 18.00 $275,900.

CA 10.5 2 106990000508393 16731 Spring Hill  91 $25,444.71 7/3/21 90 $203950
7/3/96 95037 300 05 2.25 2508393 $25,450. Morgan Hill
43 0 00 297 1 18.00 $254,950.



<PAGE>
CA 7.25 2 106990000508394 277 Bowker RD 91 $40,400. 6/8/21 86 $126876
7/8/96 95019 299 05 2.75 2508394 $40,400. Freedom
50 1/9/97 02 296 1 18.00 $195,000.

CA 6.99 2 106990000508395 3558 Par Four  91 $24,846.5 6/15/21 86 $332800
7/15/96 92019 299 05 2.75 2508395 $24,900. El Cajon
37 10/15/96 00 296 1 18.00 $416,000.


CA 7.25 2 106990000508397 3290 San Jose  81 $49,368.96 6/16/11 74 $200000
7/16/96 94501 179 05 1.00 2508397 $50,000. Alameda
49 1/16/97 06 176 1 18.00 $340,000.






CA 6.99 2 106990000508398 1295 31st AVE 91 $40,252.01 7/17/21 90 $201750
7/12/96 94122 300 05 2.25 2508398 $40,300. San Francisco
37 10/12/96 00 297 1 18.00 $269,000.

CA 12. 2 106990000508399 448 S Central  91 $18,200. 7/2/21 95 $96900
7/2/96 95204 300 05 3.75 2508399 $18,200. Stockton
48 0 06 297 1 18.00 $121,500.


CA 7.25 2 106990000508400 31942 Fritz Drive 91 $26,288.47 6/5/11 86 $170432
7/5/96 93221 179 05 3.75 2508400 $26,450. Exeter
47 1/5/97 06 176 1 18.00 $231,000.

CA 7.25 2 106990000508401 111 San Gabriel  91 $33,300. 6/1/21 90 $266400
7/1/96 94930 299 05 3.25 2508401 $33,300. Fairfax
50 1/1/97 03 296 1 18.00 $333,000.


CA 7.25 2 106990000508402 501 Strauss DR 91 $38,681.97 7/10/21 92 $196500
7/10/96 91320 300 05 2.25 2508402 $38,700. Thousand Oaks
36 1/10/97 00 297 1 18.00 $258,000.

CA 7.25 2 106990000508403 10541 Cheviot  91 $41,975.46 7/2/21 91 $340000
7/2/96 90064 300 05 2.75 2508403 $42,000. Los Angeles
38 1/2/97 01 297 1 18.00 $420,000.



<PAGE>
CA 8.25 2 106990000508404 1295 Calle De  91 $51,200. 6/10/11 85 $650000
6/10/96 90272 180 05 2.75 2508404 $51,200. Los Angeles-
39 9/10/96 00 176 1 18.00 $825,000.

CA 6.99 2 106990000508405 405 Manferd ST 91 $37,860.14 7/19/11 95 $166708
7/19/96 95035 180 05 3.75 2508405 $38,000. Milpitas
38 10/19/96 02 177 1 18.00 $216,000.


OR 7.25 2 141990000508406 16050 SW  81 $5,203.59 7/12/21 80 $172668
7/12/96 97224 300 05 1.00 2508406 $25,000. Tigard
35 1/12/97 03 297 1 18.00 $250,000.

CA 6.99 2 106990000508407 15060 Becky LN 81 $6,092.2 6/9/11 28 $133200
7/9/96 95030 179 05 1.25 2508407 $196,000. Sereno
45 10/10/96 06 176 1 18.00 $1,200,000.


CA 6.99 2 106990000508409 234 Avenida  91 $67,589.84 7/19/11 90 $560000
7/19/96 92672 180 03 3.75 2508409 $70,000. San Clemente
48 10/19/96 01 177 1 18.00 $700,000.






CA 6.99 2 106990000508411 590 Terrace AVE 91 $35,369.35 7/25/21 90 $284000
7/25/96 94019 300 05 2.25 2508411 $35,500. Half Moon Bay
45 10/25/96 01 297 1 18.00 $355,000.

ID 7.25 2 116990000508412 4674 S Joseph  91 $12,738.99 7/12/21 82 $63650
7/12/96 83709 300 05 2.25 2508412 $12,750. Boise
37 1/12/97 00 297 1 18.00 $94,000.


CA 7.25 2 106990000508418 45565 Via Jaca 91 $33,624.05 6/17/21 90 $168900
7/17/96 92592 299 03 2.25 2508418 $33,700. Temecula
34 1/17/97 00 296 1 18.00 $225,246.

CA 6.99 2 106990000508419 19457 Surfset DR 91 $24,480.21 6/11/21 90 $196000
7/11/96 92648 299 01 2.25 2508419 $24,500. Huntington Beach
42 10/11/96 00 296 1 18.00 $245,102.



<PAGE>
CA 6.99 2 106990000508421 197 Nevada ST 91 $34,373.03 7/24/21 91 $276000
7/24/96 94061 300 05 2.25 2508421 $34,500. Redwood City
40 10/24/96 00 297 1 18.00 $342,000.

CA 7.25 2 106990000508422 21231 Long  91 $42,612.26 7/18/21 90 $213750
7/18/96 92679 300 03 2.25 2508422 $42,700. Trabuco Canyon
40 1/18/97 00 297 1 18.00 $284,990.


CA 7.25 2 106990000508423 6895 N  91 $17,977.72 6/9/21 90 $277925
7/9/96 93611 299 05 2.50 2508423 $46,000. Clovis
27 1/9/97 06 296 1 18.00 $360,000.

CA 6.99 2 106990000508424 8430 Mosquito  91 $24,936.71 7/18/21 90 $200000
7/18/96 95667 300 05 2.25 2508424 $25,000. Placerville
40 10/18/96 00 297 1 18.00 $250,000.


CA 6.99 2 106990000508425 10841 Wagner ST 91 $24,428.6 6/19/21 90 $194000
7/19/96 90230 299 05 2.75 2508425 $24,500. Culver City
28 10/19/96 01 296 1 18.00 $245,000.

MD 7.25 1 124990000508432 10205 Gary RD 81 $49,956.84 7/17/11 13 $0
7/12/96 20854 180 05 1.25 2508432 $50,000. Potomac
24 1/12/97 02 177 1 18.00 $385,000.


GA 6.99 2 113990000508433 3958 Land O'  91 $33,410.17 7/16/11 90 $167250
7/17/96 30342 179 05 2.00 2508433 $33,450. Atlanta
29 10/17/96 00 177 1 18.00 $223,000.






CA 6.99 2 106990000508434 27859 N  91 $39,799. 6/15/21 90 $199450
7/15/96 91354 299 05 2.25 2508434 $39,900. Valencia Area
44 10/15/96 00 296 1 18.00 $265,990.

CA 7.25 2 106990000508436 122 W Avenida  91 $23,000. 6/19/11 88 $240340
7/19/96 92672 179 05 2.25 2508436 $23,000. San Clemente
25 1/19/97 02 176 1 18.00 $300,000.



<PAGE>
GA 6.99 2 113990000508439 1412 Silver Fox  91 $49,804.43 8/1/21 85 $88093
7/22/96 30188 300 05 2.25 2508439 $49,950. Woodstock
35 10/22/96 02 298 1 18.00 $163,500.

GA 8.25 2 113990000508442 5990 Olde  91 $34,881. 6/25/21 90 $201350
6/26/96 30174 299 05 2.75 2508442 $38,750. Suwanee
43 9/26/96 02 296 1 18.00 $268,500.


CA 6.99 2 106990000508443 243 Rockwood  91 $35,400. 8/1/21 90 $177000
7/22/96 94080 300 05 2.00 2508443 $35,400. South San
28 10/22/96 02 298 1 18.00 $237,000.

CA 7.25 2 106990000508444 4922 Park CT 91 $38,919.86 7/12/11 90 $143491
7/12/96 92008 180 05 2.25 2508444 $39,000. Carlsbad
44 1/12/97 06 177 1 18.00 $203,000.


NY 6.99 1 136990000508445 113-32 212th ST 81 $39,806.82 6/19/11 26 $0
7/19/96 11429 179 05 1.00 2508445 $40,000. Queens Village
38 10/19/96 06 176 1 18.00 $155,000.

CA 7.25 2 106990000508447 37 Parrell AVE 91 $16,621.56 6/19/11 90 $152800
7/19/96 92610 179 03 2.25 2508447 $18,000. Foothill Ranch
37 1/20/97 01 176 1 18.00 $191,000.


CA 5.99 2 106990000508450 2412 Valdivia  81 $14,423.84 6/29/21 60 $492625
7/22/96 94010 299 05 1.00 2508450 $50,000. Burlingame
34 10/29/96 06 296 1 18.00 $910,000.

CA 13. 2 106990000508451 14936  91 $75,500. 6/12/11 95 $218400
7/12/96 92064 179 05 4.75 2508451 $75,500. Poway
51 0 02 176 1 18.00 $310,000.


UT 6.99 2 149990000508452 6336 S 400 E 91 $6,697.28 6/22/11 88 $79384
7/22/96 84107 179 05 3.75 2508452 $15,000. Murray
49 10/22/96 06 176 1 18.00 $107,500.







<PAGE>
CA 6.99 2 106990000508453 2116 Woolsey ST 91 $23,899. 6/1/21 90 $133472
7/1/96 94705 299 05 2.75 2508453 $23,900. Berkeley
44 10/1/96 02 296 1 18.00 $175,000.

CA 7.25 2 106990000508455 1191 Littleoak  91 $48,360.06 6/19/21 90 $387600
7/19/96 95129 299 05 2.25 2508455 $48,450. San Jose
40 1/19/97 00 296 1 18.00 $484,500.


WA 6.99 2 153990000508457 21831 42nd  91 $49,940.46 7/10/21 90 $102200
7/10/96 98387 300 03 2.25 2508457 $50,000. Spanaway
31 10/10/96 00 297 1 18.00 $169,135.

CA 6.99 2 106990000508458 855 Davis DR 81 $21,564.97 7/16/21 80 $132907
7/16/96 93618 300 05 0.50 2508458 $27,000. Dinuba
41 10/16/96 06 297 1 18.00 $200,000.


CA 7.25 2 106990000508462 2161 Blossom  91 $27,159.46 6/18/21 90 $268000
7/18/96 95124 299 05 2.25 2508462 $41,000. San Jose
37 1/18/97 02 296 1 18.00 $343,500.

CA 6.99 1 106990000508465 9505 Arlington  81 $17,995.8 7/3/21 40 $0
7/3/96 92503 300 05 0.50 2508465 $20,000. Riverside
41 10/3/96 02 297 1 18.00 $51,000.


CA 6.99 2 106990000508466 8006 Sunnybrae  91 $23,168.88 7/23/21 90 $116250
7/23/96 91306 300 05 2.25 2508466 $23,250. Canoga Park
41 10/23/96 06 297 1 18.00 $155,000.

ID 7.25 2 116990000508467 332 S Mobely LN 81 $108,000. 6/17/21 66 $10542
6/12/96 83712 300 09 1.00 2508467 $108,000. Boise
45 12/17/96 06 296 1 18.00 $180,000.


OR 7.25 2 141990000508468 2524 NW Skyline  81 $150,000. 7/15/21 70 $404000
7/15/96 97229 300 05 1.75 2508468 $150,000. Portland
43 1/15/97 02 297 1 18.00 $800,000.

CA 12. 2 106990000508469 915 Amethyst DR 91 $40,000. 6/16/11 92 $118399
7/16/96 93455 179 05 3.75 2508469 $40,000. Santa Maria
43 0 06 176 1 18.00 $174,000.



<PAGE>
CA 6.99 2 106990000508471 264 Jennifer Way 91 $34,326.1 6/18/21 90 $172500
7/18/96 94523 299 05 2.25 2508471 $34,400. Pleasant Hill
37 10/18/96 03 296 1 18.00 $230,000.






GA 7.25 2 113990000508472 7629 Auden TRL 91 $45,878.06 7/26/11 95 $194419
7/22/96 30350 180 05 4.25 2508472 $46,000. Atlanta
46 1/22/97 06 177 1 18.00 $254,000.

GA 6.99 2 113990000508473 315 Whitley Park  91 $24,998.95 7/10/21 89 $223400
7/11/96 30350 299 05 2.25 2508473 $25,000. Atlanta
39 10/11/96 06 297 1 18.00 $280,000.


CA 7.25 2 106990000508474 540 Brassie AVE 91 $18,998.4 6/1/21 88 $142341
7/1/96 96143 299 05 2.75 2508474 $30,000. Kings Beach
44 1/1/97 06 296 1 18.00 $196,000.

CA 7.25 2 106990000508475 8877 Bronson  91 $14,800. 7/3/21 86 $274000
7/3/96 95746 300 05 2.25 2508475 $25,000. Granite Bay
34 1/3/97 01 297 1 18.00 $350,000.


OR 7.25 2 141990000508477 166 NW Wade ST 91 $10,000. 5/27/21 93 $72999
6/27/96 97023 299 05 2.75 2508477 $10,000. Estacada
38 12/27/96 02 295 1 18.00 $90,000.

CA 6.99 2 106990000508479 2865 Berryessa  91 $49,883.01 7/16/11 89 $207000
7/16/96 95132 180 05 3.75 2508479 $50,000. San Jose
41 10/16/96 02 177 1 18.00 $292,000.


CA 6.99 2 106990000508482 3770 Greenwood  81 $14,917.77 7/5/21 80 $98730
7/5/96 95549 300 05 0.50 2508482 $15,000. Kneeland
34 10/5/96 02 297 1 18.00 $143,500.

CA 12. 2 106990000508484 4601 Pine Valley  91 $66,900. 7/2/11 93 $420000
7/2/96 95219 180 03 3.75 2508484 $66,900. Stockton
45 0 02 177 1 18.00 $525,000.



<PAGE>
CA 6.99 2 106990000508485 433 Beaumont  91 $27,851.59 7/23/11 95 $233000
7/23/96 94044 180 05 3.25 2508485 $28,000. Pacific
42 10/23/96 02 177 1 18.00 $275,000.

FL 6.99 2 112990000508488 299 Hickory AVE 91 $26,262.06 7/12/21 90 $49655
7/12/96 32759 300 05 2.25 2508488 $34,900. Oak Hill
39 10/12/96 02 297 1 18.00 $94,000.


MI 7.25 2 126990000508489 26266 Dow AVE 90 $16,171.61 7/31/11 95 $120000
7/31/96 48239 180 05 4.25 2508489 $32,000. Redford
30 1/31/97 06 178 1 18.00 $160,000.






WA 12.5 2 153990000508491 321 NW  91 $42,809.71 6/30/11 98 $74895
7/31/96 98802 179 05 4.25 2508491 $52,800. East Wenatchee
49 0 06 177 1 18.00 $131,000.

CA 6.99 2 106990000508492 1635 E  91 $19,347.17 7/17/21 85 $145900
7/17/96 93720 300 05 2.25 2508492 $19,400. Fresno
28 10/17/96 00 297 1 18.00 $194,585.


CA 11.5 2 106990000508496 12498 Rubens  91 $49,992.39 6/28/11 85 $118327
6/28/96 90066 180 05 3.25 2508496 $50,000. Los Angeles
51 9/28/96 02 176 1 18.00 $200,000.

CA 7.25 2 106990000508497 21391 Avenida  91 $39,007.53 7/22/21 90 $198750
7/22/96 92630 300 03 3.25 2508497 $39,700. Lake Forest
35 1/22/97 00 297 1 18.00 $265,000.


CA 5.99 2 106990000508498 1251 Accra CT 91 $39,777.23 8/1/21 83 $207000
7/30/96 94550 300 05 2.25 2508498 $40,000. Livermore
34 10/30/96 01 298 1 18.00 $300,000.

FL 7.25 2 112990000508501 19664 NW 59th  91 $16,847.68 6/26/11 95 $85000
6/26/96 33015 180 03 4.25 2508501 $19,300. Miami
50 12/26/96 02 176 1 18.00 $110,000.



<PAGE>
CA 7.25 2 106990000508503 1281 Uppingham  91 $35,000. 7/12/11 93 $163196
7/12/96 91360 180 05 3.75 2508503 $35,000. Thousand Oaks
42 1/12/97 02 177 1 18.00 $215,000.

CA 6.99 2 106990000508504 2404 33rd ST 91 $40,290. 7/15/21 90 $323200
7/15/96 90405 300 05 2.25 2508504 $40,400. Santa Monica
45 10/15/96 06 297 1 18.00 $404,000.


CA 12. 2 106990000508505 3853 El Moreno  91 $49,943.83 6/23/11 95 $196348
7/23/96 91214 179 05 3.75 2508505 $50,000. Glendale
36 0 06 176 1 18.00 $260,000.

CA 10.5 2 106990000508507 8369 Jason  91 $33.94 7/12/21 90 $201750
7/12/96 91304 300 05 2.25 2508507 $40,350. Los Angeles
41 0 00 297 1 18.00 $269,000.


GA 7.25 2 113990000508510 350 High Oaks  91 $19,962.87 7/17/11 95 $171200
7/17/96 30202 180 05 3.75 2508510 $32,300. Alpharetta
33 1/17/97 06 177 1 18.00 $215,000.






ID 6.99 2 116990000508513 514 Linden AVE 81 $13,967.24 7/18/21 75 $46878
7/18/96 83501 300 05 0.50 2508513 $14,000. Lewiston
40 10/18/96 06 297 1 18.00 $82,000.

CA 7.25 2 106990000508515 1548 Curtiss  81 $34,919.79 6/12/21 76 $287672
7/12/96 95125 299 05 1.50 2508515 $35,000. San Jose
48 1/12/97 02 296 1 18.00 $425,000.


CA 7.25 2 106990000508517 1150 2nd Street 91 $99,157.75 6/15/21 90 $496850
7/15/96 90266 299 05 2.75 2508517 $99,350. Manhattan Beach
44 1/15/97 00 296 1 18.00 $662,500.

OR 7.25 2 141990000508522 11670 SW Settler  91 $20,933.53 7/12/21 90 $105000
7/12/96 97008 300 05 2.75 2508522 $21,000. Beaverton
35 1/12/97 06 297 1 18.00 $140,000.



<PAGE>
CA 7.25 2 106990000508523 141 Sundown  81 $59,852.87 7/3/11 75 $360000
7/3/96 91361 180 05 1.50 2508523 $60,000. Thousand Oaks
50 1/3/97 02 177 1 18.00 $565,000.

CA 7.25 2 106990000508524 25562 Paseo De  91 $99,953.42 6/10/21 90 $417500
7/10/96 92656 299 05 2.75 2508524 $100,000. San Juan
22 1/10/97 00 296 1 18.00 $575,000.


OR 6.99 2 141990000508525 10120 SW 80th 91 $14,776.7 7/15/21 90 $143514
7/15/96 97223 300 05 2.75 2508525 $14,800. Portland
37 10/15/96 06 297 1 18.00 $176,000.

WA 7.25 2 153990000508526 25120 SE 384th  91 $42,911.64 7/18/11 94 $103614
7/18/96 98022 180 05 3.75 2508526 $43,000. Enumclaw
33 1/18/97 06 177 1 18.00 $156,000.


CA 6.99 2 106990000508527 6718 Sundown  91 $19,129.33 7/24/11 95 $167000
7/24/96 95608 180 05 3.75 2508527 $19,200. Carmichael
44 10/24/96 06 177 1 18.00 $196,000.

CA 6.99 2 106990000508528 2488 Marbury  91 $30,169.82 6/10/21 94 $253600
7/10/96 94550 299 05 2.25 2508528 $30,200. Livermore
40 10/10/96 00 296 1 18.00 $302,000.


CA 6.99 2 106990000508530 847 Columbia  91 $31,474.55 6/11/21 90 $252000
7/11/96 94065 299 07 2.75 2508530 $31,500. Redwood City
28 10/11/96 00 296 1 18.00 $315,000.






CA 6.99 2 106990000508531 1739 Steinhart  91 $73,599.06 6/16/21 90 $207000
7/16/96 90278 299 05 2.75 2508531 $73,800. Redondo Beach
43 10/16/96 00 296 1 18.00 $312,000.

CA 6.99 2 106990000508532 1755 Old Ranch  91 $97,651.12 7/24/21 83 $954000
7/24/96 90049 300 05 2.50 2508532 $100,000. Los Angeles
29 10/24/96 06 297 1 18.00 $1,280,000.



<PAGE>
CA 7.25 2 106990000508533 30648 Camino  91 $51,684.78 7/11/21 86 $559700
7/11/96 92026 300 05 3.25 2508533 $70,000. Escondido
50 1/11/97 06 297 1 18.00 $740,000.

CA 7.25 2 106990000508534 20256 Ruston RD 81 $12,262.36 7/3/21 46 $165738
7/3/96 91364 300 03 1.00 2508534 $32,500. Woodland Hills
43 1/3/97 02 297 1 18.00 $435,000.


CA 7.25 2 106990000508535 13269 Olive  91 $24,763.86 7/25/21 87 $127075
7/25/96 92064 300 05 2.25 2508535 $25,000. Poway
33 1/25/97 02 297 1 18.00 $175,000.

CA 7.25 2 106990000508536 3204 Janet CIR 91 $17,766.96 7/16/11 95 $95200
7/16/96 95350 180 05 3.75 2508536 $17,800. Modesto
41 1/16/97 02 177 1 18.00 $119,000.


CA 7.25 2 106990000508537 3850 Buffalo RD 90 $32,200. 7/5/11 90 $257600
7/5/96 95602 180 03 2.25 2508537 $32,200. Auburn
42 1/5/97 00 177 1 18.00 $322,000.

CA 6.99 2 106990000508538 112 Marinero CIR 91 $24,905.78 7/24/21 90 $204800
7/24/96 94920 300 05 2.25 2508538 $25,600. Tiburon
27 10/24/96 00 297 1 18.00 $256,000.


CA 12. 2 106990000508543 1359 Roosevelt  92 $33,600. 7/15/11 100 $121389
7/15/96 95776 180 05 3.75 2508543 $33,600. Woodland
50 0 02 177 1 18.00 $155,000.

CA 6.99 2 106990000508544 1441 Rose Villa  81 $23,667.14 7/19/11 77 $342000
7/19/96 91106 180 05 0.50 2508544 $23,750. Pasadena
31 10/19/96 06 177 1 18.00 $475,000.


WA 7.25 2 153990000508545 9506 Warren LN  91 $29,000. 7/1/11 95 $103000
7/1/96 98512 180 05 3.75 2508545 $29,000. Olympia
36 1/1/97 03 177 1 18.00 $140,000.







<PAGE>
WA 7.25 2 153990000508551 6647 Silver Ridge  91 $34,886.36 6/15/11 93 $117829
7/15/96 98501 179 05 3.75 2508551 $35,000. Tumwater
50 1/16/97 02 176 1 18.00 $165,000.

MI 7.25 1 126990000508552 4209 Gatesford  80 $74,902.22 7/31/11 40 $0
7/31/96 48098 180 05 1.50 2508552 $75,000. Troy
34 1/31/97 01 178 1 18.00 $190,000.


MI 7.25 2 126990000508558 25630 River 90 $53,500. 7/31/11 90 $261500
7/31/96 48025 180 05 3.25 2508558 $53,500. Franklin
29 1/31/97 06 178 1 18.00 $350,000.

CA 7.25 2 106990000508563 112 Volador Place 91 $22,593.25 6/24/11 90 $200000
7/24/96 90732 179 05 2.75 2508563 $25,000. Los Angeles
42 1/24/97 06 176 1 18.00 $250,000.


MI 7.25 2 126990000508564 9938 Long Acre 90 $23,599.98 7/30/11 97 $22500
7/30/96 48227 180 05 4.25 2508564 $23,600. Detroit
41 1/30/97 02 178 1 18.00 $48,000.

CA 11.5 2 106990000508565 4508 Kraft AVE 91 $18,900. 7/17/11 99 $170100
7/17/96 91602 180 05 3.25 2508565 $18,900. North Hollywood
32 0 06 177 1 18.00 $192,000.


MI 7.25 2 126990000508571 4896 Brookside  80 $19.19 7/30/11 44 $100000
7/30/96 48094 180 05 3.25 2508571 $65,000. Washington
35 1/30/97 06 178 1 18.00 $382,000.

MI 7.25 2 126990000508575 3696 Forest Hill 90 $536.3 7/31/11 85 $207000
7/31/96 48302 180 05 3.25 2508575 $100,000. Bloomfield Hills
11 1/31/97 06 178 1 18.00 $365,000.


UT 7.25 2 149990000508577 3352-8 S 2nd E 81 $34,378.42 7/1/21 80 $143014
8/1/96 84115 299 05 1.00 2508577 $34,550. Salt Lake City
42 2/1/97 06 297 1 18.00 $222,000.

WA 7.25 2 153990000508578 20342 131st  91 $39,560.22 6/22/21 90 $198750
7/22/96 98031 299 05 3.25 2508578 $39,700. Kent
38 1/22/97 06 296 1 18.00 $265,000.



<PAGE>
MI 7.25 2 126990000508579 951 Coldspring 90 $67,000. 7/30/11 83 $318700
7/30/96 48167 180 05 3.25 2508579 $67,000. Northville
36 1/30/97 02 178 1 18.00 $470,000.






MI 7.25 2 126990000508583 640 Lone Pine  80 $150,000. 7/31/11 69 $600000
7/31/96 48304 180 05 1.75 2508583 $150,000. Bloomfield Hills
43 1/31/97 01 178 1 18.00 $1,100,000.

CA 6.99 2 106990000508589 130 Los Robles  81 $16,057.96 7/17/21 80 $57326
7/17/96 95951 300 05 1.00 2508589 $17,000. Hamilton City
50 10/17/96 06 297 1 18.00 $93,000.


MI 7.25 2 126990000508591 4539 Thirza 90 $26,209.15 7/30/11 95 $87122
7/30/96 48329 180 05 4.25 2508591 $39,000. Waterford
38 1/30/97 06 178 1 18.00 $133,000.

CT 11.5 2 109990000508596 65 Hill ST 91 $25,854. 6/18/11 91 $124500
7/18/96 06484 179 05 3.25 2508596 $25,854. Shelton
42 0 02 176 1 18.00 $166,000.


CA 10.5 2 106990000508597 3605 Martin Drive 91 $26,340.02 5/19/21 90 $212000
6/19/96 94403 299 05 2.25 2508597 $26,500. San Mateo
31 9/19/96 00 295 1 18.00 $265,000.

CA 6.99 2 106990000508602 2503 Hardwick  91 $19,328.6 7/25/21 90 $165081
7/25/96 90712 300 05 2.25 2508602 $19,400. Lakewood
25 10/25/96 06 297 1 18.00 $205,000.


MI 7.25 2 126990000508606 467 Woods Edge 80 $9,613.98 8/1/11 75 $207000
8/1/96 48386 180 05 1.50 2508606 $55,500. White Lake
35 2/1/97 06 178 1 18.00 $350,000.

VA 11.25 2 151990000508607 47599 Comer SQ 92 $28,000. 7/24/11 100 $140000
7/19/96 20165 180 09 3.00 2508607 $35,000. Sterling
28 0 02 177 1 18.00 $175,000.



<PAGE>
VA 7.25 2 151990000508612 1408 S 20th ST 81 $16,489.2 7/26/21 78 $172911
7/23/96 22202 300 05 0.50 2508612 $30,000. Arlington
43 1/23/97 06 297 1 18.00 $262,000.

CA 7.25 2 106990000508613 419 Harvey WAY 91 $79,930.95 7/17/21 85 $175000
7/12/96 94044 300 05 1.00 2508613 $80,000. Pacifica
36 1/12/97 02 297 1 18.00 $300,000.


CA 12. 2 106990000508614 2303 Pennerton  91 $41,304.59 7/25/11 98 $179757
7/25/96 91206 180 05 3.75 2508614 $60,300. Glendale
41 0 06 177 1 18.00 $245,000.






CT 6.99 2 109990000508618 15 Sail Harbor DR 91 $100,000. 7/1/21 89 $845219
7/19/96 06784 299 03 2.75 2508618 $150,000. Sherman
27 10/19/96 06 297 1 18.00 $1,130,000.

NY 6.99 2 136990000508620 7602 20th AVE 81 $37,412.26 7/18/21 80 $186313
7/18/96 11214 300 10 1.00 2508620 $37,500. BROOKLYN
41 10/18/96 06 297 1 18.00 $283,000.


CA 5.99 2 106990000508622 308 N HERRIN  91 $39,685.33 7/8/21 82 $307584
8/8/96 90266 299 05 2.25 2508622 $40,000. Manhattan Beach
42 11/8/96 03 297 1 18.00 $425,000.

MI 6.99 2 126990000508625 18031 Huron  91 $15,974.82 7/15/21 83 $70670
7/15/96 48164 300 05 2.75 2508625 $20,000. New Boston
45 10/15/96 06 297 1 18.00 $110,000.


FL 6.99 2 112990000508626 243 Awin Circle  91 $31,931.25 7/17/21 90 $60520
7/17/96 32909 300 05 2.25 2508626 $32,000. Palm Bay
42 10/17/96 06 297 1 18.00 $103,000.

NY 6.99 2 136990000508628 14 Lowland RD 91 $28,100. 7/16/21 90 $104194
7/15/96 11756 300 05 3.25 2508628 $28,100. Levittown
38 10/16/96 06 297 1 18.00 $147,000.



<PAGE>
OR 7.25 2 141990000508630 5124 NE 35th PL 91 $46,716.71 7/5/21 90 $45782
8/5/96 97211 299 05 3.25 2508630 $47,000. Portland
48 2/5/97 02 297 1 18.00 $103,500.

CA 5.99 2 106990000508639 1652 Oak ST 81 $3,030. 8/3/11 61 $215933
9/3/96 90405 179 10 1.50 2508639 $28,000. Santa Monica
39 12/3/96 06 178 1 15.00 $400,000.


MI 7.25 2 126990000508644 1707 Stanley  90 $28,497.18 8/1/11 90 $142500
8/1/96 48009 180 05 3.25 2508644 $28,500. Birmingham
38 2/1/97 06 178 1 18.00 $190,000.

MI 7.25 2 126990000508655 10424 Vernon  90 $76.95 8/1/11 90 $166500
8/1/96 48070 180 05 3.25 2508655 $33,000. Huntington
34 2/1/97 01 178 1 18.00 $222,000.


CO 6.99 2 108990000508657 1002 Apple  91 $31,949.64 6/19/21 89 $180000
7/19/96 80540 299 05 2.25 2508657 $32,000. Lyons
45 10/19/96 00 296 1 18.00 $240,000.






OR 6.99 2 141990000508659 4694 Winthrop  91 $75,548.28 6/16/21 90 $153760
7/15/96 97035 299 03 3.75 2508659 $75,740. Lake Oswego
35 10/16/96 02 296 1 18.00 $255,000.

OR 6.99 2 141990000508660 93026 Applegate  91 $30,000. 6/8/11 90 $150000
7/8/96 97448 179 05 3.25 2508660 $30,000. Junction City
42 10/8/96 01 176 1 18.00 $200,000.


OR 11.5 2 141990000508662 1624 SE Hamilton 92 $1,653.56 5/20/11 100 $21900
6/21/96 97470 178 05 3.25 2508662 $18,100. Roseburg
28 0 06 175 1 18.00 $40,000.

MI 7.25 2 126990000508669 8667 Kinloch 80 $34,980.75 8/1/11 50 $24000
8/1/96 48127 180 05 1.50 2508669 $35,000. Dearborn
35 2/1/97 06 178 1 18.00 $118,000.



<PAGE>
FL 7.25 2 112990000508670 2550 Flamingo  91 $35,944.31 6/17/21 90 $299183
7/17/96 33140 299 05 2.75 2508670 $60,000. Miami Beach
38 1/18/97 03 296 1 18.00 $400,000.

CA 6.99 2 106990000508671 980 Visalia ST 91 $33,614.6 6/15/21 90 $168700
7/15/96 93449 299 05 3.25 2508671 $33,700. Pismo Beach
49 10/15/96 02 296 1 18.00 $225,000.


NY 6.99 2 136990000508672 76 Shore Drive 91 $73,000. 7/16/21 83 $584000
7/16/96 10538 300 05 2.75 2508672 $73,000. Larchmont
29 10/16/96 06 297 1 18.00 $800,000.

CO 6.99 2 108990000508673 2645 Anthony'S  91 $14,984.26 6/15/21 90 $236250
7/15/96 80477 299 05 2.25 2508673 $47,000. Steamboat Springs
44 10/15/96 06 296 1 18.00 $315,000.


FL 6.99 2 112990000508674 830 Castile AVE 81 $149,821.39 6/17/11 61 $207000
7/17/96 33134 179 05 1.75 2508674 $200,000. Coral Gables
43 10/17/96 00 176 1 18.00 $669,000.

CT 6.99 2 109990000508675 398 Sound Beach  81 $118,563.03 7/17/21 70 $640000
7/17/96 06870 300 05 1.75 2508675 $125,000. Greenwich
32 10/17/96 06 297 1 18.00 $1,100,000.


CO 6.99 2 108990000508676 7600 Robinson  91 $18,461.61 6/15/21 90 $66100
7/15/96 80004 299 05 2.25 2508676 $18,500. Arvada
43 10/15/96 06 296 1 18.00 $94,000.






CA 7.25 2 106990000508677 38 Hilltop DR 81 $69,870.06 7/10/21 51 $98953
7/10/96 94070 300 05 1.50 2508677 $70,000. San Carlos
50 1/10/97 06 297 1 18.00 $337,000.

CA 7.25 2 106990000508679 304-306 Main ST 91 $45,242.67 7/19/21 90 $143532
7/19/96 94553 300 05 2.75 2508679 $45,400. Martinez
50 1/19/97 06 297 1 18.00 $210,000.



<PAGE>
CA 7.25 2 106990000508680 8753  81 $47,900. 6/19/21 80 $437078
7/19/96 95628 299 03 1.00 2508680 $82,900. Fair Oaks
43 1/19/97 06 296 1 18.00 $650,000.

FL 6.99 2 112990000508683 5861 NW 191  81 $5,947.11 6/17/21 77 $62104
7/17/96 33015 299 05 0.25 2508683 $20,000. Miami
21 10/17/96 06 296 1 18.00 $107,000.


CA 6.99 2 106990000508685 2217 Via La Brea 81 $109,200. 7/11/21 80 $858718
7/11/96 90274 300 05 1.50 2508685 $109,200. Palos Verdes
50 10/11/96 01 297 1 15.00 $1,210,000.

GA 7.25 2 113990000508687 111 Mitchell AVE 91 $37,452.73 6/15/21 83 $126788
7/15/96 30132 299 05 2.25 2508687 $37,500. Catersville
44 1/16/97 06 296 1 18.00 $200,000.


FL 7.25 2 112990000508693 10320 SW 51st  81 $20,939.83 6/15/11 70 $61629
7/15/96 33165 179 05 1.00 2508693 $25,850. Miami
31 1/15/97 03 176 1 18.00 $125,000.

FL 7.25 2 112990000508695 2001 Michigan  91 $6,000. 6/22/21 87 $137000
7/22/96 33703 299 05 2.00 2508695 $27,400. St Petersburg
43 1/22/97 06 296 1 18.00 $191,000.


MI 7.25 2 126990000508696 1238 Walloon  90 $17,500. 8/2/11 84 $154300
8/2/96 48360 180 01 3.25 2508696 $17,500. Lake Orion
29 2/2/97 06 178 1 18.00 $205,000.

GA 7.25 2 113990000508698 410 Mann RD 91 $31,528.79 6/26/21 87 $273750
7/26/96 30290 299 05 2.75 2508698 $54,750. Tyrone
45 10/26/96 00 296 1 18.00 $380,000.


NJ 8.48 2 134990000508699 165 12th ST 81 $17,219.48 8/1/21 80 $162255
7/3/96 07075 300 05 0.25 2508699 $17,500. Wood Ridge
17 1/4/97 06 298 1 18.00 $225,000.







<PAGE>
CA 6.99 2 106990000508700 555 27th Street 92 $39,500. 6/15/21 90 $316000
7/15/96 94131 299 01 2.75 2508700 $39,500. San Francisco
47 10/15/96 00 296 1 15.00 $395,000.

VA 6.99 2 151990000508701 1600  91 $30,957.67 7/3/21 90 $281000
7/3/96 22182 300 05 2.75 2508701 $60,000. Vienna
23 10/3/96 06 297 1 18.00 $380,000.


UT 6.99 2 149990000508703 1917 Roffe Road 81 $14,650. 8/1/11 73 $145000
7/19/96 84098 180 05 1.50 2508703 $35,000. Park City
45 10/19/96 00 178 1 18.00 $249,560.

VA 6.99 2 151990000508704 803 Ridge PL 81 $19,400. 7/8/21 80 $207000
7/8/96 22046 300 05 1.00 2508704 $19,400. Falls Church
44 10/8/96 00 297 1 18.00 $283,000.


VA 7.25 2 151990000508707 2018 Spring  90 $35,000. 5/24/11 90 $440000
6/24/96 22181 179 05 2.25 2508707 $55,000. Vienna
25 12/24/96 01 175 1 18.00 $550,000.

VA 6.99 2 151990000508709 1284 Auburn  81 $119,933.22 8/1/11 74 $125000
7/19/96 20194 180 03 1.50 2508709 $120,000. Reston
48 10/15/96 00 178 1 18.00 $335,000.


CT 7.25 2 109990000508710 7 Tory LN 91 $29,804.93 8/1/11 90 $153432
8/1/96 06776 180 05 3.25 2508710 $30,000. New Milford
35 2/1/97 03 178 1 18.00 $205,000.

CA 7.25 2 106990000508715 2210 Via Hombre 91 $29,791.04 6/26/11 90 $239200
7/26/96 92672 179 03 2.25 2508715 $29,900. San Clemente
48 1/26/97 00 176 1 18.00 $299,000.


VA 6.99 2 151990000508717 311 Canoe PL 91 $48,922.88 7/15/21 90 $207000
7/15/96 22520 300 05 2.75 2508717 $49,000. Montross
39 10/15/96 06 297 1 18.00 $284,500.

CA 7.25 2 106990000508719 117 Crescent  91 $40,102.51 7/22/21 90 $324800
7/22/96 94965 300 05 2.25 2508719 $40,600. Sausalito
34 1/22/97 00 297 1 18.00 $406,000.



<PAGE>
NY 7.25 2 136990000508721 11 Terrace DR 90 $63,700. 5/24/11 90 $549600
6/24/96 11050 179 05 2.25 2508721 $68,700. Port Washington
42 12/24/96 00 175 1 18.00 $687,000.






CA 7.25 2 106990000508725 34 Bay Road 91 $56,372.68 7/19/21 90 $240032
7/19/96 94930 300 05 3.25 2508725 $56,500. Fairfax
39 1/19/97 02 297 1 18.00 $330,000.

CA 7.25 2 106990000508729 23028 Oxnard ST 91 $31,416.5 6/23/21 90 $252000
7/23/96 91367 299 05 2.25 2508729 $31,500. Woodland Hills
40 1/23/97 00 296 1 18.00 $315,000.


CA 7.25 2 106990000508731 21461 Camino  91 $35,819.1 7/1/21 90 $179900
7/22/96 92630 299 03 2.75 2508731 $35,900. Lake Forest
37 1/1/97 00 297 1 18.00 $239,900.

CA 7.25 2 106990000508732 5952 Langport  91 $51,476.53 7/1/21 90 $207000
7/24/96 92649 299 05 2.75 2508732 $51,700. Huntington Beach
39 1/1/97 00 297 1 18.00 $287,500.


CA 6.99 2 106990000508734 21 Segada 91 $47,867.69 6/12/21 90 $266158
7/12/96 92688 299 03 2.75 2508734 $48,000. Rancho Santa
42 10/12/96 01 296 1 18.00 $350,000.

MD 6.99 2 124990000508735 102 W Oak AVE 91 $9,797.59 7/1/21 81 $140779
7/11/96 21601 299 05 0.50 2508735 $9,800. Easton
37 10/11/96 06 297 1 18.00 $188,000.


CA 6.99 2 106990000508736 155 Cabro Court 91 $15,626.96 7/11/21 90 $260000
7/11/96 94947 300 05 2.25 2508736 $32,000. Novato
36 10/11/96 01 297 1 18.00 $325,000.

WA 12. 2 153990000508738 7841 NE 140th  91 $2,173.2 6/24/11 95 $122000
7/24/96 98011 179 05 3.75 2508738 $16,430. Bothell
33 0 02 176 1 18.00 $146,000.



<PAGE>
CA 6.99 2 106990000508739 68 Toulon AVE 81 $16,165.29 6/30/21 79 $150694
7/30/96 92610 299 03 2.00 2508739 $25,000. Foothill Ranch
44 10/30/96 02 297 1 18.00 $224,000.

PA 7.25 2 142990000508741 231 FELTON  91 $10,700. 5/18/21 90 $53200
6/18/96 19023 299 05 2.25 2508741 $10,700. COLLINGDALE
27 12/18/96 06 295 1 18.00 $71,000.


CA 6.99 2 106990000508742 10 Via Los  91 $19,822.56 6/22/11 92 $126915
7/22/96 95928 179 05 3.75 2508742 $20,000. Chico
48 10/22/96 06 176 1 18.00 $160,000.






CA 6.99 2 106990000508743 3987 Catamarca 91 $37,070.21 6/18/21 90 $186000
7/18/96 92124 299 05 3.50 2508743 $37,200. San Diego
48 10/18/96 00 296 1 18.00 $248,000.

CA 7.25 2 106990000508747 11980 Caminito  91 $25,983.31 7/15/11 95 $248000
7/15/96 92128 180 05 3.75 2508747 $45,000. San Diego
45 1/15/97 02 177 1 18.00 $310,000.


CA 6.99 2 106990000508748 18775 Paseo  91 $36,000. 7/1/21 89 $206200
7/26/96 92715 299 05 2.25 2508748 $37,000. Irvine
45 7/1/96 00 297 1 18.00 $275,000.

CA 6.99 2 106990000508751 1378 N O'Malley  91 $29,593.38 6/23/21 90 $116730
7/23/96 91722 299 05 3.25 2508751 $29,700. Covina
50 10/23/96 02 296 1 18.00 $163,000.


CA 6.99 2 106990000508753 9423 Cherry Hills  91 $49,467.72 6/17/11 93 $228614
7/17/96 94583 179 05 3.75 2508753 $50,000. San Ramon
45 10/17/96 02 176 1 18.00 $300,000.

CA 12. 2 106990000508754 17762 Wellington  92 $34,027.26 6/18/11 100 $201566
7/18/96 92780 179 05 3.75 2508754 $34,200. Tustin
43 0 06 176 1 18.00 $236,000.



<PAGE>
CA 7.25 2 106990000508757 424 12th ST 91 $22,500. 7/1/21 89 $239911
7/24/96 92648 299 05 2.25 2508757 $30,000. Huntington Beach
37 1/1/97 02 297 1 18.00 $305,000.

GA 7.25 2 113990000508760 605 Delphinium  92 $32,978.07 6/12/11 100 $172000
7/12/96 30102 179 05 3.25 2508760 $33,000. Acworth
32 1/12/97 02 176 1 18.00 $205,000.


MA 8.25 2 125990000508762 33 Gardiner RD 90 $24,330.34 5/24/11 86 $332000
6/24/96 02066 179 05 2.25 2508762 $25,000. Scituate
14 9/24/96 06 175 1 18.00 $418,000.

GA 6.99 2 113990000508763 6036 Twin Pines  91 $21,973.8 7/12/21 92 $68000
7/12/96 30101 300 05 3.25 2508763 $22,000. Acworth
43 10/12/96 02 297 1 18.00 $98,000.


OR 6.99 1 141990000508768 1015 Park AVE 25 $16,337.18 6/30/21 40 $0
7/31/96 97913 299 05 0.25 2508768 $25,000. Nyssa
18 10/31/96 03 297 1 18.00 $63,000.






GA 11. 2 113990000508769 5674 Forest Place 91 $12,892.06 4/20/21 90 $68084
5/20/96 30102 299 05 2.75 2508769 $12,900. Acworth
45 8/20/96 02 294 1 18.00 $90,000.

CA 6.99 2 106990000508770 17117 San Jose  91 $19,443.17 6/24/21 90 $97500
7/24/96 91344 299 05 2.75 2508770 $19,500. Granada Hills
36 10/24/96 00 296 1 18.00 $130,000.


CA 6.99 2 106990000508773 5502 Marion  91 $27,109.12 6/16/21 90 $126500
7/16/96 90630 299 05 3.25 2508773 $27,300. Cypress
50 10/16/96 02 296 1 18.00 $171,000.

GA 11. 2 113990000508774 5240 Arborview  91 $10,000. 4/10/11 87 $99800
5/10/96 30518 179 03 2.75 2508774 $10,000. Buford
44 8/8/96 03 174 1 18.00 $127,000.



<PAGE>
CA 6.99 2 106990000508775 17103  81 $27,979.17 6/9/21 65 $106900
7/9/96 90703 299 05 1.50 2508775 $50,000. Cerritos
49 10/9/96 06 296 1 18.00 $245,000.

MA 6.99 2 125990000508778 15 Naples RD 91 $42,700. 6/1/21 90 $341600
7/1/96 02146 299 05 2.25 2508778 $42,700. Brookline
49 10/1/96 00 296 1 18.00 $427,000.


CA 6.99 2 106990000508780 9824 Camarena  91 $16,451.91 6/18/21 93 $85785
7/18/96 91763 299 05 2.75 2508780 $16,500. Montclair
42 10/18/96 02 296 1 18.00 $110,000.

OR 7.25 2 141990000508781 117 Sunrise  81 $25,293.97 6/15/21 73 $80468
7/15/96 97504 299 05 1.00 2508781 $40,000. Medford
45 1/15/97 06 296 1 18.00 $166,000.


CA 7.25 2 106990000508783 153 Sunhaven  91 $60,762.76 6/17/21 90 $487200
7/17/96 94506 299 05 3.25 2508783 $60,900. Danville
43 1/17/97 00 296 1 18.00 $615,000.

CA 6.99 2 106990000508784 28217 Bel Monte  91 $37,884.56 6/8/21 90 $190400
7/8/96 91351 299 05 3.25 2508784 $38,100. Santa Clarita
49 10/8/96 00 296 1 18.00 $253,950.


CA 6.99 2 106990000508793 609 S Baker ST 91 $9,897.87 7/29/21 85 $117000
7/29/96 92703 300 05 2.75 2508793 $10,000. Santa Ana
41 10/27/96 06 297 1 18.00 $150,000.






NY 6.99 1 136990000508800 14 Manor WAY 81 $25,264.44 6/17/21 28 $0
7/17/96 12603 299 05 1.25 2508800 $50,000. Poughkeepsie
22 10/22/96 06 296 1 18.00 $180,000.

WA 11. 2 153990000508810 8910 185th ST E 91 $16,700. 6/23/11 90 $103000
7/23/96 98373 179 03 2.75 2508810 $16,700. Puyallup
44 0 02 176 1 18.00 $133,000.



<PAGE>
CA 6.99 2 106990000508816 13384 E Ann  81 $6,126.74 7/26/21 80 $38000
7/26/96 93648 300 05 0.50 2508816 $10,000. Parlier
30 10/26/96 06 297 1 18.00 $60,000.

GA 7.25 2 113990000508817 110 Osner DR 91 $10,900. 7/13/11 94 $160000
8/13/96 30342 179 05 3.75 2508817 $10,900. Atlanta
36 2/13/97 00 177 1 18.00 $182,000.


CA 7.25 2 106990000508828 213 Agate AVE 91 $79,309.95 6/17/11 90 $500000
7/17/96 92662 179 05 2.75 2508828 $79,600. Newport Beach
40 1/17/97 00 176 1 18.00 $644,000.

UT 6.99 2 149990000508829 8762 S Fairway 91 $5,970.85 6/22/21 88 $149736
7/22/96 84088 299 05 2.75 2508829 $22,000. West Jordan
34 10/22/96 03 296 1 18.00 $196,000.


CA 11.5 2 106990000508836 439 El Modena  91 $49,482.57 5/21/11 90 $406400
6/21/96 92660 179 05 3.25 2508836 $50,000. Newport Beach
29 9/21/96 00 175 1 18.00 $508,000.

CA 7.25 2 106990000508837 605 3rd AVE 91 $10,962.87 7/24/21 90 $232000
7/24/96 94019 300 05 2.25 2508837 $29,000. Half Moon Bay
39 1/24/97 02 297 1 18.00 $290,000.


UT 7.25 2 149990000508840 3241 S 4100 W 91 $29,890.68 6/22/11 90 $60563
7/22/96 84120 179 05 2.75 2508840 $30,000. West Valley City
39 1/22/97 02 176 1 18.00 $101,200.

NY 6.99 2 136990000508841 71 Hix AVE 81 $80,000. 6/19/21 55 $163271
7/19/96 10580 299 05 1.00 2508841 $80,000. Rye
46 10/24/96 01 296 1 18.00 $450,000.


WA 6.99 2 153990000508842 1607 Sunset  91 $32,437.94 7/26/21 90 $68061
7/26/96 98802 300 05 2.25 2508842 $39,000. Wenatchee
54 10/26/96 02 297 1 18.00 $119,000.







<PAGE>
WA 9.75 2 153990000508843 2421 Bethel ST  81 $15,477.32 6/26/21 72 $56283
7/22/96 98506 299 05 1.50 2508843 $23,000. Olympia
48 0 02 296 1 18.00 $110,500.

CA 7.25 2 106990000508845 2200 Walnut  91 $6,327.73 7/23/21 87 $608000
7/23/96 90266 300 05 2.75 2508845 $50,000. Manhattan Beach
36 1/23/97 00 297 1 18.00 $760,000.


CA 7.25 2 106990000508846 19130 Menard PL 91 $72,806.5 7/24/21 90 $350000
7/24/96 91356 300 05 2.75 2508846 $73,000. Tarzana Area
41 1/24/97 00 297 1 18.00 $470,000.

CA 7.25 2 106990000508849 860 Devore AVE 90 $22,695.75 7/31/11 90 $292000
7/31/96 93065 180 05 2.75 2508849 $36,500. Simi Valley
45 1/31/97 06 178 1 18.00 $365,000.


UT 7.25 2 149990000508851 2503 S 450 E 81 $8,900. 7/5/21 51 $47542
8/5/96 84010 299 05 0.25 2508851 $20,000. Bountiful
21 2/5/97 06 297 1 18.00 $134,000.

MI 7.25 2 126990000508856 3317 W Shore DR 80 $200,000. 6/1/11 49 $900000
7/1/96 48324 179 05 1.00 2508856 $200,000. Orchard Lake
37 1/1/97 00 176 1 18.00 $2,250,000.


UT 5.99 2 149990000508858 613 E Pico ST 81 $20,000. 7/1/21 47 $33553
8/1/96 84070 299 05 0.25 2508858 $20,000. Sandy
28 11/1/96 06 297 1 18.00 $116,000.

FL 7.25 2 112990000508861 22070 Las Brisas  90 $75,000. 7/17/11 84 $42428
7/17/96 33433 180 09 3.25 2508861 $75,000. Boca Raton
48 1/17/97 06 177 1 18.00 $140,000.


CA 6.99 2 106990000508863 530 Washington  91 $47,588.39 7/19/21 90 $207000
7/19/96 90245 300 05 2.25 2508863 $47,700. El Segundo
43 10/19/96 00 297 1 18.00 $283,000.

CA 6.99 2 106990000508864 1348 Thompson  91 $32,156.01 6/22/21 90 $161250
7/22/96 91201 299 05 2.25 2508864 $32,250. Glendale
34 10/22/96 00 296 1 18.00 $215,000.



<PAGE>
CA 8.25 2 106990000508866 3192 Kempton  91 $37,500. 6/1/21 90 $187500
6/20/96 90720 299 05 2.25 2508866 $37,500. Los Alamitos
38 9/1/96 00 296 1 18.00 $250,000.






AZ 6.99 2 104990000508867 1115 E Shangri  91 $34,374.81 7/19/21 90 $90000
7/19/96 85020 300 03 2.50 2508867 $74,200. Phoenix
25 10/19/96 00 297 1 18.00 $182,500.

CO 7.25 2 108990000508868 6921 N Hillridge  91 $17,343.18 7/23/21 90 $138642
7/23/96 80134 300 05 2.75 2508868 $17,500. Parker
41 1/23/97 06 297 1 18.00 $175,000.


WA 6.99 2 153990000508869 20610 SE 291st  91 $34,811.65 6/18/21 90 $176000
7/18/96 98042 299 03 2.75 2508869 $34,900. Kent
28 10/18/96 00 296 1 18.00 $234,685.

CA 6.99 2 106990000508871 6012 E  91 $36,194.21 7/19/21 90 $181500
7/19/96 92807 300 03 2.25 2508871 $36,300. Anaheim
36 10/19/96 00 297 1 18.00 $242,000.


CA 6.99 2 106990000508873 16473 Akron ST 81 $21,935.88 6/19/21 80 $650000
7/19/96 90272 299 05 0.50 2508873 $22,000. Pacific Palisades
19 10/19/96 00 296 1 18.00 $840,000.

FL 6.99 2 112990000508874 3730 Duck  91 $37,036.11 7/23/21 90 $186750
7/23/96 33040 300 05 2.25 2508874 $37,350. Key West
40 10/23/96 00 297 1 18.00 $249,000.


CA 6.99 2 106990000508876 240 Coast  91 $53,000. 7/23/21 90 $424000
7/23/96 92037 300 01 3.25 2508876 $53,000. La Jolla
38 10/23/96 00 297 1 18.00 $530,000.

CA 6.99 2 106990000508877 1709 Espinosa  91 $59,836.63 7/22/11 95 $320000
7/22/96 90274 180 05 4.25 2508877 $60,000. Palos Verdes
45 10/22/96 00 177 1 18.00 $400,000.



<PAGE>
OR 6.99 2 141990000508878 888 Alvina Street  91 $56,918.16 7/10/21 87 $93411
7/10/96 97306 300 05 3.25 2508878 $63,000. Salem
50 10/10/96 06 297 1 18.00 $180,000.

VA 8.25 2 151990000508880 901 W Daniel  91 $42,000. 7/23/11 95 $224000
7/23/96 22201 180 05 3.00 2508880 $42,000. Arlington
28 8/23/96 00 177 1 18.00 $282,000.


GA 7.25 2 113990000508883 435 Holly LN 91 $13,150. 6/3/11 90 $71400
7/3/96 30144 179 05 3.25 2508883 $13,150. Canton
45 1/3/97 06 176 1 18.00 $94,000.






NY 9.5 1 136990000508886 17 Fairwind CT 81 $264,852. 4/15/11 70 $0
5/15/96 11768 179 05 1.25 2508886 $385,000. Northport
29 0 06 174 1 18.00 $550,000.

NM 6.99 2 135990000508887 419 Live Oak  91 $23,567.49 7/26/21 87 $270400
7/26/96 87122 300 05 2.00 2508887 $23,650. Albuquerque
30 10/26/96 00 297 1 18.00 $338,000.


CA 6.99 2 106990000508890 848 Carlsbad  91 $23,236.56 7/15/21 90 $100000
7/15/96 92114 300 05 2.75 2508890 $23,300. San Diego
41 10/15/96 06 297 1 18.00 $137,000.

CA 6.99 2 106990000508892 165-167 S Santa  91 $31,946.18 6/12/21 90 $216750
7/12/96 93001 299 05 2.75 2508892 $43,300. Ventura
36 10/12/96 06 296 1 18.00 $289,000.


CA 6.99 2 106990000508895 38724 Road 206 91 $36,899.25 7/19/21 89 $165000
7/19/96 93286 300 05 2.75 2508895 $37,000. Woodlake
41 10/19/96 06 297 1 18.00 $228,500.

GA 6.99 2 113990000508896 2463 Kingsland  91 $10,874.49 7/10/21 90 $124774
7/10/96 30360 300 05 2.75 2508896 $10,900. Atlanta
35 10/10/96 02 297 1 18.00 $151,000.



<PAGE>
WA 6.99 2 153990000508898 2821 9th AVE 81 $17,000. 7/22/21 76 $65000
7/22/96 99403 300 05 1.00 2508898 $17,000. Clarkston
38 10/22/96 06 297 1 18.00 $108,000.

MN 7.25 2 127990000508900 4242 Chowen  91 $14,947.67 9/1/21 89 $112500
8/1/96 55422 301 05 2.50 2508900 $20,000. Robbinsdale
30 2/1/97 01 299 1 18.00 $150,000.


UT 6.99 2 149990000508909 3298 W 3595 S 91 $25,310.4 6/24/11 89 $81222
7/24/96 84119 179 05 2.25 2508909 $30,000. West Valley City
41 10/24/96 06 176 1 18.00 $125,000.

WI 10.25 2 155990000508913 1819 E Lake  91 $24,214.35 7/1/21 90 $120000
6/26/96 53211 300 05 2.00 2508913 $24,500. Shorewood
28 9/26/96 00 297 1 18.00 $161,000.


CA 7.25 2 106990000508914 1725 Foster Court 91 $19,784.05 6/18/21 90 $158800
7/18/96 95062 299 05 2.75 2508914 $19,850. Santa Cruz
43 1/18/97 02 296 1 18.00 $198,500.






CA 7.25 2 106990000508920 633 Blue Spruce  91 $49,628.42 6/24/21 82 $398325
7/24/96 94506 299 05 2.75 2508920 $49,800. Danville
44 1/24/97 03 296 1 18.00 $550,000.

CA 6.99 2 106990000508921 3320 E 1st Street 91 $99,631.97 6/24/21 85 $431126
7/24/96 90803 299 05 3.75 2508921 $100,000. Long Beach
47 10/24/96 02 296 1 18.00 $625,000.


CA 7.25 2 106990000508923 360 Staples AVE 91 $21,340.92 6/22/21 90 $240750
7/22/96 94112 299 05 2.75 2508923 $48,100. San Francisco
38 1/22/97 01 296 1 18.00 $321,000.

CA 7.25 2 106990000508924 1639 Pineridge  81 $35,484.42 6/19/21 78 $171000
7/19/96 93428 299 05 1.50 2508924 $35,600. Cambria
50 1/19/97 06 296 1 18.00 $267,000.



<PAGE>
CA 5.99 2 106990000508929 2040 Mills AVE 81 $57,333.6 7/19/21 78 $347000
8/19/96 94025 299 05 2.00 2508929 $70,000. Menlo Park
47 11/19/96 06 297 1 18.00 $540,000.

CO 5.99 2 108990000508931 19645 Hopi Pines  81 $33,000. 8/8/21 80 $207000
8/8/96 80831 300 05 1.00 2508931 $33,000. Peyton
35 11/8/96 02 298 1 18.00 $300,000.


CA 6.99 2 106990000508932 2232 6th ST 91 $27,821.28 6/25/11 93 $124004
7/25/96 91750 179 05 3.75 2508932 $27,950. La Verne
43 10/25/96 02 176 1 18.00 $165,000.

FL 11. 2 112990000508934 4085 NW 60th  91 $28,000. 6/24/21 89 $433300
6/25/96 33496 299 03 2.75 2508934 $55,000. Boca Raton
35 9/25/96 00 296 1 18.00 $550,000.


CA 7.25 2 106990000508942 19372 Jasper Hill  91 $29,689.41 6/25/11 90 $238400
7/25/96 92679 179 03 3.25 2508942 $29,800. Trabuco Caynon
49 1/25/97 00 176 1 18.00 $298,000.

GA 8.75 2 113990000508943 20 Mimosa CT 91 $33,523.26 6/26/21 87 $168750
6/26/96 30267 300 05 0.50 2508943 $33,750. Oxford
35 9/26/96 00 296 1 18.00 $233,000.


CA 7.25 2 106990000508948 21111 Grenola  91 $44,803.9 7/24/21 88 $266250
7/24/96 95014 300 05 2.75 2508948 $45,000. Cupertino
41 1/24/97 01 297 1 18.00 $356,000.






CA 5.99 2 106990000508951 4153 Bellmawr  91 $28,200. 8/12/21 85 $207000
8/12/96 94550 300 05 4.25 2508951 $103,200. Livermore
48 11/12/96 00 298 1 15.00 $364,974.

CA 6.99 2 106990000508953 3932 Ardley AVE 91 $49,729.8 8/2/11 90 $190640
8/2/96 94602 180 05 2.75 2508953 $50,000. Oakland
40 11/2/96 02 178 1 18.00 $270,000.



<PAGE>
NY 5.99 2 136990000508954 907 Richmond RD 81 $36,918.72 8/5/21 43 $37150
8/5/96 11554 300 05 2.25 2508954 $37,150. East Meadow
45 11/5/96 06 298 1 18.00 $176,000.

OR 5.99 2 141990000508955 38067 Kelly RD 81 $22,963.57 7/7/21 87 $118055
8/7/96 97374 299 05 2.25 2508955 $24,000. Scio
40 11/7/96 06 297 1 18.00 $165,000.


WA 5.99 2 153990000508956 13221 22nd AVE  91 $11,468.38 7/1/11 95 $91144
8/1/96 98168 179 05 4.25 2508956 $11,450. Seattle
50 11/1/96 06 177 1 18.00 $108,000.

HI 6.99 2 115990000508958 619 Kupulau DR 91 $31,432.77 7/19/21 90 $222000
7/19/96 96753 300 05 2.75 2508958 $63,000. Kihei
45 10/19/96 03 297 1 18.00 $318,000.


CA 7.25 2 106990000508959 11828 Ardath  91 $24,108.4 6/8/11 95 $128612
7/8/96 90250 179 05 4.25 2508959 $24,400. Hawthorne
49 1/8/97 02 176 1 18.00 $162,500.

CA 6.99 2 106990000508961 4585 Edgeware  91 $37,818.1 6/23/21 90 $189750
7/23/96 92116 299 05 2.75 2508961 $37,950. San Diego
39 10/23/96 01 296 1 18.00 $253,000.


CA 6.99 2 106990000508962 3924 Park PL 81 $31,869.97 7/25/21 80 $88965
7/25/96 91020 300 01 1.00 2508962 $35,000. Montrose
44 10/25/96 03 297 1 18.00 $155,000.

CA 7.25 2 106990000508966 250 W 20th ST 81 $15,913.86 7/25/21 80 $158748
7/25/96 95376 300 05 0.50 2508966 $25,000. Tracy
42 1/25/97 06 297 1 18.00 $230,000.


CA 6.99 2 106990000508970 325 Lakeview DR 91 $66,968.87 7/24/21 90 $99389
7/24/96 95018 300 05 2.75 2508970 $71,600. Felton
25 10/24/96 03 297 1 18.00 $190,000.







<PAGE>
CA 7.25 2 106990000508973 1252 Las Lomas  90 $88,000. 5/24/11 90 $650000
6/24/96 90272 179 05 2.25 2508973 $88,000. Pacific Palisades
38 12/24/96 06 175 1 18.00 $820,000.

OR 6.99 2 141990000508974 4715 SE 45th  91 $49,844.71 7/22/21 83 $50963
7/22/96 97206 300 05 1.50 2508974 $50,000. Portland
45 10/22/96 06 297 1 18.00 $122,000.


NV 7.25 2 132990000508976 360 Kachina CIR 91 $75,224.89 6/18/21 87 $161631
7/18/96 89123 299 05 3.75 2508976 $75,500. Las Vegas
51 1/18/97 02 296 1 18.00 $275,000.

CA 6.99 2 106990000508977 4229 Kraft  91 $23,934.65 7/22/21 90 $192000
7/22/96 91604 300 05 2.25 2508977 $24,000. Studio City
28 10/22/96 00 297 1 18.00 $240,000.


CA 6.99 2 106990000508980 2440 El Rancho  91 $25,039.08 6/19/21 90 $201600
7/19/96 92633 299 05 2.25 2508980 $25,200. Fullerton
37 10/19/96 00 296 1 18.00 $252,000.

CA 7.25 2 106990000508985 7271 Middlesex  91 $22,485. 6/30/11 95 $119920
7/30/96 90680 179 05 4.25 2508985 $22,485. Stanton
35 1/30/97 00 177 1 15.00 $150,000.


UT 5.99 2 149990000508986 3669 Pumpkin  91 $27,003.04 7/5/11 95 $126600
8/5/96 84120 179 05 3.25 2508986 $27,300. West Valley City
34 11/5/96 06 177 1 18.00 $162,000.

CA 5.99 2 106990000508990 11206 Belhaven  91 $18,285.45 7/5/11 95 $106914
8/5/96 90059 179 05 3.75 2508990 $18,400. Los Angeles
38 11/5/96 06 177 1 18.00 $132,000.


FL 7.25 2 112990000508991 6363 SW 2nd ST 91 $17,700. 6/23/11 90 $49668
7/23/96 33068 179 05 2.25 2508991 $17,700. MARGATE
42 1/23/97 06 176 1 18.00 $75,000.

CA 7.25 2 106990000508997 29453  91 $48,401.88 7/22/21 86 $864000
7/22/96 91301 300 05 2.25 2508997 $50,000. Ogoura Area
32 1/22/97 06 297 1 18.00 $1,075,000.



<PAGE>
CA 6.99 2 106990000508998 90 Los Verdes DR 81 $19,829.86 6/22/11 79 $109001
7/22/96 93401 179 03 3.75 2508998 $22,000. San Luis Obispo
46 10/22/96 02 176 1 18.00 $167,000.






CA 12. 2 106990000509003 41519 Myrtle  92 $49,378.08 6/25/11 100 $150000
7/25/96 93550 179 05 3.75 2509003 $50,000. Palmdale
47 0 03 176 1 18.00 $200,000.

NV 6.99 2 132990000509009 1711 Toltec Circle 91 $16,900. 7/22/21 90 $97124
7/22/96 89014 300 03 2.25 2509009 $19,800. Henderson
44 10/22/96 02 297 1 18.00 $130,000.


CA 11. 2 106990000509010 6898 Campisi CT 91 $22,918. 4/8/21 90 $300000
5/8/96 95120 299 05 2.75 2509010 $60,000. San Jose
45 8/8/96 06 294 1 18.00 $400,000.

CA 5.99 2 106990000509012 6791 Oregon ST 91 $16,894.16 7/2/21 88 $93000
8/2/96 90621 299 05 2.75 2509012 $17,000. Buena Park
28 11/2/96 06 297 1 18.00 $125,000.


CO 6.99 2 108990000509015 131  91 $59,871.1 6/17/21 89 $79213
7/17/96 81301 299 03 3.25 2509015 $60,000. Durango
36 10/17/96 06 296 1 18.00 $157,000.

CO 7.25 2 108990000509017 1824 Lakeshore  91 $72,560. 8/7/21 85 $207000
8/7/96 80525 300 05 3.25 2509017 $73,000. Fort Collins
49 2/7/97 06 298 1 18.00 $330,000.


CA 7.25 2 106990000509018 1435 Dolphin DR 91 $52,747.4 7/26/21 87 $207000
7/26/96 95003 300 05 2.75 2509018 $53,000. Aptos
44 1/26/97 00 297 1 18.00 $300,000.

MD 6.99 2 124990000509019 6606 22nd PL 91 $25,884.31 7/19/11 95 $122250
7/19/96 20782 180 05 4.25 2509019 $25,950. Hyattsville
49 10/19/96 02 177 1 18.00 $156,000.



<PAGE>
UT 7.25 2 149990000509021 3219 W Trifford  91 $47,336.35 7/25/21 90 $55814
7/25/96 84084 300 05 3.25 2509021 $47,500. West Jordan
49 1/25/97 02 297 1 18.00 $115,000.

CA 6.99 2 106990000509023 4185 George AVE 91 $18,900. 7/19/21 90 $94500
7/19/96 94402 300 01 2.25 2509023 $18,900. San Mateo
42 10/19/96 00 297 1 18.00 $126,000.


CA 5.99 2 106990000509026 775 Wendt  91 $29,704.15 7/15/11 90 $240000
8/15/96 92651 179 05 2.75 2509026 $30,000. Laguna Beach
45 11/15/96 00 177 1 18.00 $300,000.






KS 6.99 2 120990000509029 4430 NW Mesa  91 $15,976.36 7/17/21 89 $60695
7/17/96 66618 300 05 2.25 2509029 $20,000. Topeka
36 10/17/96 02 297 1 18.00 $91,500.

IN 11.5 2 118990000509031 4680 E State  92 $30,173.51 7/24/11 100 $119650
7/24/96 47408 180 05 3.25 2509031 $30,200. Bloomington
44 0 02 177 1 18.00 $150,000.


CA 6.99 2 106990000509032 720 Mateo CT 91 $29,000. 6/18/21 90 $248000
7/18/96 93111 299 05 2.25 2509032 $31,000. Santa Barbara
39 10/18/96 01 296 1 18.00 $310,000.

FL 7.25 2 112990000509033 8701 SW 142 ST 81 $30,000. 6/22/21 80 $101000
7/22/96 33176 299 05 1.00 2509033 $30,000. Miami
42 1/22/97 03 296 1 18.00 $164,000.


CA 5.99 2 106990000509034 1299 St. Joseph  91 $51,761.61 7/25/21 90 $416000
7/25/96 94024 300 05 2.75 2509034 $52,000. Los Altos
45 10/25/96 00 297 1 18.00 $520,000.

CA 6.99 2 106990000509035 1612 Margate  91 $51,319.76 7/19/21 90 $411600
7/19/96 90274 300 05 2.75 2509035 $51,450. Palos Verdes
38 10/19/96 00 297 1 18.00 $514,500.



<PAGE>
CA 6.99 2 106990000509043 23212 Salle Court 91 $27,592.75 6/26/21 90 $138750
7/26/96 94541 299 05 3.25 2509043 $27,700. Hayward
50 10/26/96 06 296 1 18.00 $185,000.

CA 6.99 2 106990000509045 5643 Glenstone  91 $38,151.71 6/25/21 90 $191200
7/25/96 92121 299 03 3.25 2509045 $38,300. San Diego
48 10/25/96 00 296 1 18.00 $255,031.


HI 6.99 2 115990000509047 978 Akipohe PL 91 $79,720.89 7/24/21 90 $131500
7/24/96 96734 300 01 2.75 2509047 $80,000. Kailua
24 10/24/96 00 297 1 18.00 $235,000.

CA 7.25 2 106990000509050 19771 E Country  91 $53,692.89 6/10/21 89 $345602
7/10/96 91789 299 05 3.75 2509050 $53,900. Walnut
48 1/10/97 02 296 1 18.00 $451,000.


CA 7.25 2 106990000509052 857 Kozera DR 91 $40,970.05 7/18/21 90 $206250
7/18/96 95136 300 05 2.25 2509052 $41,200. San Jose
36 1/18/97 00 297 1 18.00 $275,000.






WA 6.99 2 153990000509053 2149 8th Avenue  91 $24,903.2 6/18/21 90 $135500
7/18/96 98119 299 05 3.25 2509053 $25,000. Seattle
49 10/18/96 06 296 1 18.00 $180,000.

CA 7.25 2 106990000509054 321 Rutherford  91 $27,174.79 6/3/21 90 $220000
7/3/96 94061 299 05 2.75 2509054 $27,500. Redwood City
34 1/3/97 00 296 1 18.00 $275,000.


CA 7.25 2 106990000509056 829 Rigel Lane 91 $48,821.45 6/26/21 90 $207000
7/26/96 94044 299 07 2.75 2509056 $49,000. Foster City
33 1/26/97 00 296 1 18.00 $284,500.

CA 7.25 2 106990000509057 1121 La Casa  91 $51,511.61 6/25/21 88 $131000
7/25/96 92069 299 05 3.25 2509057 $51,700. San Marcos
48 1/25/97 02 296 1 18.00 $208,000.



<PAGE>
MD 7.25 2 124990000509058 1192 River Bay  91 $62,600. 8/14/11 92 $360557
8/14/96 21401 180 03 4.00 2509058 $62,600. Annapolis
23 2/14/97 02 178 1 18.00 $460,000.

CA 5.99 2 106990000509061 28380 Mount  91 $25,378.91 6/29/21 90 $204000
7/29/96 91351 299 05 2.25 2509061 $25,500. Canyon Country
39 10/29/96 00 296 1 18.00 $255,000.


VA 6.99 2 151990000509062 6853 Hermitage  91 $24,311.05 7/19/21 90 $123750
7/19/96 22115 300 05 2.25 2509062 $24,750. Marshall
43 10/19/96 06 297 1 18.00 $165,000.

CA 7.25 2 106990000509066 20121 E Lime  91 $39,547.45 6/26/21 90 $198750
7/26/96 91724 299 05 3.25 2509066 $39,700. Covina
49 1/26/97 00 296 1 18.00 $265,000.


CA 7.25 2 106990000509067 4405 Brookshire  81 $24,410.72 6/25/21 78 $135431
7/25/96 95405 299 05 1.00 2509067 $24,500. Santa Rosa
45 1/25/97 03 296 1 18.00 $206,000.

CA 7.25 2 106990000509068 20662  91 $31,385.21 7/26/21 90 $252000
7/26/96 95014 300 09 2.75 2509068 $31,500. Cupertino
42 1/26/97 06 297 1 18.00 $315,000.


CA 12. 2 106990000509069 2158 Hanford  92 $22,400. 6/24/11 100 $147600
7/24/96 92111 179 05 3.75 2509069 $22,400. San Diego
44 0 02 176 1 18.00 $170,000.






CA 6.99 2 106990000509071 1054 Oakleaf  81 $10,797.87 7/15/21 40 $71774
7/15/96 94521 300 03 1.00 2509071 $19,400. Concord
50 10/15/96 06 297 1 18.00 $230,000.

CA 6.99 2 106990000509072 21 Enos LN 91 $9,402.6 6/16/21 87 $207000
7/16/96 95076 299 05 2.25 2509072 $43,000. Watsonville
39 10/16/96 00 296 1 18.00 $290,000.



<PAGE>
MI 6.99 2 126990000509074 3252 Green Oak  91 $23,916.26 7/24/21 90 $120000
7/24/96 48390 300 05 2.75 2509074 $24,000. Walled Lake
38 10/24/96 06 297 1 18.00 $160,000.

CA 6.99 2 106990000509075 9100 Rolling  91 $46,319.96 7/23/11 95 $217300
7/23/96 95746 180 05 4.25 2509075 $46,500. Granite Bay
46 10/23/96 02 177 1 18.00 $280,000.


MN 7.25 2 127990000509076 3729 Texas AVE  91 $24,849.31 9/1/11 95 $65205
8/6/96 55426 180 05 5.25 2509076 $25,000. St Louis Park
48 2/2/97 06 179 1 18.00 $95,000.

CA 6.99 2 106990000509078 457 7th AVE 91 $28,145.66 6/23/21 90 $207000
7/23/96 94025 299 05 2.25 2509078 $28,350. Menlo Park
41 10/23/96 00 296 1 18.00 $261,500.


CA 7.25 2 106990000509082 2726 Gary Drive 91 $9,462.96 6/26/21 90 $185555
7/26/96 95073 299 05 3.25 2509082 $25,000. Soquel
44 1/26/97 03 296 1 18.00 $235,000.

MI 7.25 2 126990000509083 7296 Simsbury 90 $6,150.95 8/8/11 90 $230000
8/8/96 48322 180 05 3.25 2509083 $40,000. West Bloomfield
32 2/8/97 01 178 1 18.00 $300,000.


FL 7.25 2 112990000509086 600 Brightwaters  91 $57,220.32 6/19/21 90 $194241
7/19/96 33704 299 05 2.00 2509086 $84,750. St Petersburg
44 1/19/97 06 296 1 18.00 $310,000.

FL 7.25 1 112990000509088 10200 SW 121 ST 81 $167.73 6/19/21 25 $0
7/19/96 33176 299 05 1.00 2509088 $45,000. Miami
47 1/19/97 04 296 1 18.00 $185,000.


FL 7.25 2 112990000509090 9520 SW 65th ST 81 $24,908.9 6/26/21 26 $11392
7/26/96 33173 299 05 0.50 2509090 $25,000. Miami
44 1/26/97 02 296 1 18.00 $140,000.







<PAGE>
GA 11. 2 113990000509092 5056 Furlong  91 $14,400. 5/26/21 90 $72000
6/26/96 30073 299 05 2.75 2509092 $14,400. Powder Springs
45 9/26/96 06 295 1 18.00 $96,000.

OR 5.99 2 141990000509093 880 McGilchrist  91 $14,822.43 7/7/21 90 $73179
8/7/96 97302 299 05 2.25 2509093 $24,000. Salem
35 11/7/96 06 297 1 18.00 $108,000.


FL 7.25 2 112990000509095 28720 SW 147th  91 $16,147.4 7/23/11 95 $44578
7/23/96 33033 180 05 3.75 2509095 $16,200. Leisure City
31 1/23/97 02 177 1 18.00 $64,000.

UT 5.99 2 149990000509096 15270 S 1800 W 81 $33,979.09 7/6/21 48 $59631
8/6/96 84065 299 05 0.50 2509096 $50,000. Bluffdale
35 11/6/96 06 297 1 18.00 $230,000.


MD 7.25 2 124990000509098 7020 Golden  91 $35,000. 7/22/21 81 $236650
7/16/96 21044 300 05 0.50 2509098 $47,600. Columbia
34 1/16/97 06 297 1 18.00 $354,500.

CA 7.25 2 106990000509100 4987 Riding  91 $10,219.12 7/19/11 87 $315000
7/19/96 92130 180 05 2.25 2509100 $25,000. San Diego
24 1/19/97 00 177 1 18.00 $393,795.


OR 7.25 2 141990000509101 10603 NE  81 $9,939.72 7/6/21 80 $41644
8/6/96 97220 299 05 0.50 2509101 $36,000. Portland
36 2/6/97 06 297 1 18.00 $98,000.

FL 7.25 2 112990000509102 9128 Highland  81 $11,877.91 6/17/11 79 $207000
7/17/96 33647 179 05 0.50 2509102 $48,900. Tampa
37 1/17/97 06 176 1 18.00 $325,000.


FL 5.99 2 112990000509103 5126 15th AVE W 91 $39,079.62 7/5/21 90 $95890
8/5/96 34209 299 05 2.75 2509103 $43,000. Bradenton
45 11/5/96 06 297 1 18.00 $155,000.

WA 6.99 2 153990000509104 134 E  81 $26,963.19 6/22/21 53 $133671
7/22/96 98816 299 05 0.50 2509104 $50,000. Chelan
44 10/22/96 06 296 1 18.00 $350,000.



<PAGE>
CA 12.5 2 106990000509105 43 Lehigh Aisle 91 $47,350.34 7/1/11 95 $190000
8/1/96 92715 179 05 4.25 2509105 $47,500. Irvine
50 0 06 177 1 18.00 $250,000.






CA 7.25 2 106990000509107 2003 59th Street 91 $25,412.14 7/25/11 95 $59697
7/25/96 95817 180 05 3.75 2509107 $25,500. Sacramento
45 1/25/97 06 177 1 18.00 $97,000.

CA 7.25 2 106990000509110 504 Manor Drive 81 $4,329.23 7/13/21 79 $152500
7/13/96 94044 300 05 0.50 2509110 $36,500. Pacifica
43 1/13/97 03 297 1 18.00 $240,000.


CA 7.25 2 106990000509115 352 Paseo De  91 $65,922.68 7/25/21 90 $532000
7/25/96 90505 300 05 3.25 2509115 $66,500. Torrance
42 1/25/97 00 297 1 18.00 $665,000.

GA 7.25 2 113990000509117 322 Winding  91 $6,944.49 7/26/11 95 $81600
7/26/96 30189 180 05 3.75 2509117 $15,000. Woodstock
49 1/26/97 06 177 1 18.00 $102,000.


CA 7.25 2 106990000509120 1511 Old Ranch  91 $52,759.42 7/25/21 90 $428000
7/25/96 94583 300 05 2.75 2509120 $53,500. San Ramon
38 1/25/97 00 297 1 18.00 $535,000.

CA 7.25 2 106990000509121 392 Harrison  91 $41,582. 7/26/11 95 $237875
7/26/96 95008 180 10 3.25 2509121 $50,000. Campbell
43 1/26/97 06 177 1 18.00 $305,000.


WA 6.99 2 153990000509123 1303 28th  81 $43,821.21 7/26/21 74 $317000
7/26/96 98354 300 05 1.00 2509123 $44,000. Milton
50 10/26/96 06 297 1 18.00 $490,000.

CA 11.5 2 106990000509124 1029 Pepitone  92 $29,673.33 7/23/11 100 $122419
7/23/96 95110 180 05 3.25 2509124 $32,500. San Jose
45 0 02 177 1 18.00 $155,000.



<PAGE>
OR 7.25 2 141990000509128 15740 SW 79th  91 $22,760.23 9/1/21 87 $116670
8/1/96 97224 301 05 3.25 2509128 $30,000. Tigard
42 2/1/97 06 299 1 18.00 $170,000.

NC 6.99 2 137990000509130 1012 Blackpine  92 $20,000. 6/15/21 100 $110854
7/15/96 27513 299 03 3.25 2509130 $20,000. Knightdale
23 10/15/96 02 296 1 1600.00 $132,000.


UT 7.25 2 149990000509132 7418 S  81 $30,000. 7/8/21 72 $174022
8/8/96 84121 299 05 1.00 2509132 $30,000. Salt Lake City
33 2/8/97 06 297 1 18.00 $287,000.






CA 7.25 2 106990000509140 13684 Deering  90 $18,000. 7/12/11 90 $256000
7/12/96 93021 180 05 2.25 2509140 $32,000. Moorpark
28 1/12/97 06 177 1 18.00 $320,000.

MI 7.25 2 126990000509143 3317 Rocky Crest  90 $44,898.59 7/24/11 90 $225000
7/24/96 48306 180 05 3.25 2509143 $45,000. Rochester Hills
29 1/24/97 00 177 1 18.00 $300,000.


CA 5.99 2 106990000509144 507 Head Street 91 $19,465.64 9/1/21 88 $172000
8/2/96 94132 300 05 2.25 2509144 $25,000. San Francisco
43 11/2/96 02 299 1 18.00 $225,000.

NM 7.25 2 135990000509145 Route 3 Box  90 $22,256.18 8/2/11 95 $84000
8/2/96 87505 180 05 3.50 2509145 $22,400. Santa Fe
20 2/2/97 06 178 1 18.00 $112,000.


CO 6.99 2 108990000509150 36 Green  81 $31,432.33 7/16/21 32 $60000
7/16/96 81631 300 05 1.00 2509150 $50,000. Eagle
45 10/16/96 06 297 1 18.00 $352,000.

CO 6.99 2 108990000509157 9072 S Gray LN 91 $9,976.6 6/23/11 95 $127900
7/23/96 80433 179 05 3.50 2509157 $15,000. Conifer
29 10/23/96 00 176 1 18.00 $150,500.



<PAGE>
FL 7.25 2 112990000509160 9020 SW 1st AVE 91 $11,000. 7/18/21 88 $109462
7/18/96 33196 300 03 2.75 2509160 $11,000. Miami
43 1/18/97 06 297 1 18.00 $138,000.

IL 7.25 2 117990000509161 910 Dryden LN 91 $85,581.04 8/12/21 90 $430000
8/12/96 60035 300 05 3.25 2509161 $86,100. Highland Park
33 2/8/97 00 298 1 18.00 $574,000.


FL 7.25 2 112990000509173 9835 SW 70th ST 91 $44,907.53 7/18/21 83 $179866
7/18/96 33173 300 05 3.25 2509173 $45,000. Miami
50 1/18/97 06 297 1 18.00 $274,000.

MD 7.25 2 124990000509176 1420high  90 $3,930.15 8/1/11 90 $221250
7/31/96 20910 180 05 1.00 2509176 $44,250. Silver Spring
30 1/31/97 00 178 1 18.00 $295,000.


CA 10.5 2 106910000509177 2518 Brownstone  91 $48,544.02 7/5/21 89 $170320
8/5/96 95122 299 05 2.25 2509177 $50,000. San Jose
37 0 06 297 1 18.00 $250,000.






CA 5.99 2 106990000509186 212 Via Eboli 91 $51,172.31 7/6/21 90 $420000
8/6/96 92663 299 03 2.75 2509186 $52,500. Newport Beach
46 11/6/96 00 297 1 18.00 $525,000.

IL 7.25 2 117990000509187 2S587 Kiowa DR 91 $37,467.9 7/26/11 94 $162114
7/26/96 60187 180 05 3.75 2509187 $38,000. Wheaton
33 1/26/97 06 177 1 18.00 $215,000.


UT 5.99 1 149990000509189 6669 S Daniel  81 $36,938.17 8/7/21 32 $0
8/7/96 84123 300 05 1.00 2509189 $50,000. Murray
42 11/7/96 03 298 1 18.00 $158,172.

WA 7.25 2 153990000509190 15322 SE 234th  81 $39,750.95 7/8/21 78 $137177
8/8/96 98042 299 05 0.50 2509190 $40,000. Kent
45 2/8/97 06 297 1 18.00 $230,000.



<PAGE>
FL 7.25 2 112990000509191 12906 Golf Crest  80 $45,700. 7/19/11 78 $197000
7/19/96 33624 180 05 1.25 2509191 $46,000. Tampa
45 1/19/97 06 177 1 18.00 $315,000.

CO 7.25 2 108990000509194 9853 Williams CT 81 $19,958.9 6/18/21 68 $23433
7/18/96 80229 299 05 0.50 2509194 $49,950. Thornton
39 1/18/97 06 296 1 18.00 $108,000.


CT 7.25 2 109990000509196 46 Lexington  90 $49,500. 6/9/11 90 $396000
7/9/96 06830 179 05 2.25 2509196 $49,500. Greenwich
41 1/9/97 01 176 1 18.00 $495,000.

CA 6.99 2 106990000509198 8144 Lake Street 91 $17,930.3 7/24/21 86 $31500
7/24/96 95457 300 05 2.25 2509198 $18,000. Lower Lake
32 10/24/96 06 297 1 18.00 $58,000.


GA 7.25 2 113990000509199 1209 Old Hickory  90 $18,225. 6/16/11 90 $69675
7/16/96 30132 179 05 3.75 2509199 $18,225. Dallas
48 1/16/97 06 176 1 18.00 $98,000.

CA 6.99 2 106990000509201 27843 N  81 $20,819.07 7/23/21 80 $207000
7/23/96 91364 300 03 0.50 2509201 $20,900. Valencia
39 10/23/96 00 297 1 18.00 $284,990.


CA 6.99 2 106990000509202 255 Reata Avenue 91 $34,299.74 7/23/21 90 $172400
7/23/96 93004 300 05 2.25 2509202 $34,400. Ventura
40 10/23/96 00 297 1 18.00 $230,000.






CA 6.99 2 106990000509205 1223 Washington  81 $21,893.75 6/26/21 75 $207000
7/26/96 94706 299 05 0.50 2509205 $22,000. Albany
41 10/26/96 06 296 1 18.00 $306,000.

PA 7.25 2 142990000509206 24 Green Hill LN 90 $44,800. 7/12/11 90 $358400
7/12/96 19096 180 05 2.25 2509206 $44,800. Wynnewood
29 1/12/97 00 177 1 18.00 $448,000.



<PAGE>
AZ 7.25 2 104990000509208 16420 N 33rd DR 91 $5,148.41 7/8/21 89 $92159
8/8/96 85023 299 05 2.25 2509208 $15,000. Phoenix
44 2/8/97 06 297 1 18.00 $121,000.

CA 6.99 2 106990000509209 3186 Kensington  81 $17,000. 7/15/21 60 $88816
8/15/96 95762 299 05 1.50 2509209 $50,000. El Dorado Hills
33 11/15/96 06 297 1 15.00 $235,000.


CA 5.99 2 106990000509210 11438 186th ST 91 $23,878.78 7/6/21 89 $139500
8/6/96 90701 299 01 2.75 2509210 $25,000. Artesia
41 11/6/96 06 297 1 18.00 $186,000.

MD 11. 2 124990000509211 6711 Birch LN 91 $5,983.17 7/12/21 89 $121703
7/12/96 20748 300 05 2.75 2509211 $31,700. Temple Hills
26 0 06 297 1 18.00 $173,000.


CA 7.25 2 106990000509212 1 Ravensridge 91 $42,934.38 6/29/21 89 $344800
7/29/96 92679 299 03 2.25 2509212 $43,100. Dove Canyon
30 1/29/97 00 296 1 18.00 $438,950.

CA 7.25 2 106990000509215 724 Rosewood  81 $21,000. 7/8/21 80 $234300
8/8/96 94596 299 05 1.00 2509215 $21,000. Walnut Creek
35 2/8/97 01 297 1 15.00 $320,000.


PA 5.99 2 142990000509222 3 Beverly AVE 81 $47,758.96 7/6/21 74 $76947
8/6/96 18355 299 05 0.50 2509222 $48,500. Malvern
44 11/6/96 02 297 1 18.00 $170,000.

CO 5.99 2 108990000509231 16470 W  81 $8,948.74 6/25/21 80 $198142
7/25/96 80401 299 05 1.00 2509231 $34,500. Golden
45 10/25/96 06 296 1 18.00 $292,000.


CA 7.25 2 106990000509427 4041 Argyle  91 $31,702.31 7/22/11 95 $176000
7/22/96 92111 180 05 3.75 2509427 $31,850. San Diego
50 1/22/97 02 177 1 18.00 $220,000.







<PAGE>
CA 7.25 2 106990000509428 28641 Crestridge  81 $59,852.87 7/9/21 76 $394500
7/9/96 90275 300 05 1.50 2509428 $70,000. Rancho Palos
41 1/9/97 00 297 1 18.00 $619,000.

CA 6.99 2 106990000509429 258 Robinson  91 $20,910.64 6/26/21 90 $105000
7/26/96 91104 299 05 2.25 2509429 $21,000. Pasadena
20 10/26/96 06 296 1 18.00 $140,000.


CA 7.25 2 106990000509436 39 Washington ST 91 $38,764.37 7/26/21 90 $195000
7/26/96 94947 300 05 2.25 2509436 $39,000. Novato
39 1/26/97 00 297 1 15.00 $260,000.

WA 5.99 2 153990000509451 19709 194th  90 $29,986.13 7/26/11 88 $190121
7/26/96 98072 180 05 2.25 2509451 $50,000. Woodinville
20 10/25/96 02 177 1 18.00 $273,000.


CA 6.99 2 106990000509456 12756 Sussex  81 $23,943.84 6/15/21 79 $69124
7/15/96 92840 299 09 3.25 2509456 $24,000. Garden Grove
46 10/15/96 02 296 1 18.00 $119,000.

CA 6.99 2 106990000509459 8993 Wonderland  91 $28,704.75 6/17/21 90 $230000
7/17/96 90046 299 05 2.25 2509459 $28,750. Los Angeles
35 10/17/96 00 296 1 18.00 $287,500.


CA 6.99 2 106990000509460 1755 N 5th PL 81 $13,447.73 7/23/21 58 $76671
7/23/96 93041 300 05 1.00 2509460 $15,000. Port Hueneme
49 10/23/96 06 297 1 18.00 $160,000.

UT 12. 2 149990000509462 579 E Villager  91 $43,388.35 7/30/11 95 $171743
7/30/96 84047 180 03 3.75 2509462 $43,750. Midvale
45 0 02 178 1 18.00 $227,000.


MN 6.99 2 127990000509464 3822 Windcrest  91 $14,050.8 7/23/21 90 $62400
7/23/96 55123 300 09 3.25 2509464 $14,100. Eagan
38 10/23/96 06 297 1 18.00 $85,000.

FL 7.25 2 112990000509466 1447 85th AVE N 81 $10,000. 7/16/21 75 $85250
8/16/96 33702 299 05 0.50 2509466 $10,000. St. Petersburg
31 2/16/97 06 297 1 18.00 $127,000.



<PAGE>
CA 11.5 2 106990000509468 2803 Tracy AVE 92 $21,093.34 7/22/11 100 $35850
7/22/96 92407 180 05 3.25 2509468 $31,100. San Bernardino
45 0 03 177 1 18.00 $67,000.






NM 6.99 2 135990000509473 165 Rincon LOOP 91 $3,794.87 6/24/21 85 $125600
7/24/96 87059 299 05 2.25 2509473 $10,000. Tijeras
34 10/24/96 06 296 1 18.00 $160,000.

CA 6.99 2 106990000509474 3167 Fond DR 91 $47,823.34 7/19/21 90 $392000
7/19/96 91436 300 05 2.25 2509474 $48,000. Encino
45 10/19/96 00 297 1 18.00 $490,000.


CA 6.99 2 106990000509478 39 Barcelona PL 91 $34,330.66 7/26/21 88 $257818
7/26/96 94526 300 05 2.75 2509478 $50,000. Danville
45 10/26/96 06 297 1 18.00 $350,000.

CA 5.99 2 106990000509479 1048 Hill  91 $35,834.96 7/24/21 90 $288000
7/24/96 94526 300 03 2.25 2509479 $36,000. Danville
41 10/24/96 01 297 1 18.00 $363,000.


CA 6.99 2 106990000509480 29863 Hwy 44 91 $13,450.31 7/25/21 85 $52900
7/25/96 96088 300 05 2.25 2509480 $15,000. Shingletown
40 10/25/96 06 297 1 18.00 $80,000.

FL 6.99 2 112990000509481 1486 Breakwater  81 $20,403.49 7/30/21 62 $175000
7/31/96 33019 299 03 0.50 2509481 $50,000. Hollywood
41 10/31/96 06 298 1 18.00 $365,000.


CA 6.99 2 106990000509482 7019 E Seaside  81 $99,842.63 6/15/21 76 $367164
7/15/96 90803 299 05 1.50 2509482 $100,000. Long Beach
22 10/15/96 06 296 1 18.00 $616,000.

CO 7.25 2 108990000509483 700 Rocky  91 $15,063.56 7/12/11 95 $114400
8/12/96 80526 179 05 3.75 2509483 $21,400. Fort Collins
44 2/12/97 02 177 1 18.00 $143,000.



<PAGE>
CA 6.99 2 106990000509485 456 Michael PL 91 $20,352.49 8/1/11 90 $166400
8/1/96 95472 180 05 2.75 2509485 $20,800. Sebastopol
30 11/2/96 02 178 1 18.00 $208,000.

CA 7.25 2 106990000509487 127  91 $43,567.31 9/1/11 95 $184000
8/7/96 94306 180 01 3.75 2509487 $44,000. Palo Alto
50 2/7/97 02 179 1 18.00 $240,000.


CA 6.99 2 106990000509488 24054 St. Moritz  91 $43,976.92 6/22/21 90 $207000
7/22/96 91355 299 03 2.25 2509488 $44,100. Santa Calrita
39 10/22/96 01 296 1 18.00 $280,000.






GA 6.99 1 113990000509491 2759 General  81 $49,293.84 7/3/11 48 $0
6/28/96 30144 180 05 1.00 2509491 $50,000. Kennesaw
18 10/3/96 06 177 1 18.00 $105,000.

CA 6.99 2 106990000509492 22484 Ferdinand  91 $42,907.62 7/19/11 87 $207000
7/19/96 93908 180 05 2.25 2509492 $43,000. Salinas
43 10/19/96 00 177 1 18.00 $290,000.


CA 7.25 2 106990000509494 216 Bradbury DR 91 $40,137.14 7/30/21 90 $201750
7/30/96 91775 300 05 2.25 2509494 $40,300. San Gabriel
35 1/30/97 00 298 1 18.00 $269,000.

CA 6.99 2 106990000509495 3637 Valley  91 $59,843. 6/23/21 90 $480000
7/23/96 91403 299 05 2.75 2509495 $60,000. Sherman Oaks
39 10/23/96 00 296 1 18.00 $600,000.


WA 6.99 2 153990000509497 13318 N Mill RD 91 $23,935.64 7/26/21 90 $116940
7/26/96 99208 300 05 2.25 2509497 $24,300. Spokane
33 10/26/96 06 297 1 18.00 $157,000.

CA 6.99 2 106990000509500 2120 Janis WAY 81 $49,787.26 7/24/21 80 $194975
7/24/96 92008 300 05 0.50 2509500 $50,000. Carlsbad
33 10/24/96 06 297 1 18.00 $310,000.



<PAGE>
CA 5.99 2 106990000509501 412 York DR 91 $25,826.77 7/27/21 90 $207600
7/27/96 94510 300 05 2.25 2509501 $25,950. Benicia
36 10/27/96 00 297 1 18.00 $259,500.

FL 7.25 2 112990000509502 12212 SW 111  81 $13,245.91 6/26/21 78 $38534
7/26/96 33186 299 09 0.50 2509502 $20,000. Miami
44 1/26/97 06 296 1 18.00 $76,000.


CA 5.99 2 106990000509505 255 Ventura ST 91 $24,475.11 7/27/21 90 $123000
7/27/96 91001 300 05 2.75 2509505 $24,600. Altadena Area
41 10/27/96 06 297 1 18.00 $164,000.

NM 7.25 2 135990000509509 10006 Loretta DR  81 $19,984.82 6/25/21 80 $112846
7/25/96 87114 299 05 0.50 2509509 $27,150. Albuquerque
42 1/25/97 06 296 1 18.00 $175,000.


FL 7.25 2 112990000509516 14750 Mahoe CT 91 $29,033.96 7/9/21 90 $123811
8/9/96 33908 299 05 2.00 2509516 $33,600. Ft. Myers
29 2/9/97 06 297 1 18.00 $175,000.






CA 6.99 2 106990000509517 613 E Las Palmas  81 $34,864.48 6/24/21 48 $100520
7/24/96 92632 299 05 2.25 2509517 $35,000. Fullerton
32 10/24/96 00 296 1 18.00 $285,000.

OR 6.99 2 141990000509518 1612 Lake Front  91 $25,354.28 7/24/21 86 $189900
7/24/96 97034 300 05 2.25 2509518 $50,000. Lake Oswego
37 10/24/96 00 297 1 18.00 $279,950.


CA 5.99 2 106990000509519 509 Alameda  81 $19,882.05 8/1/21 66 $402000
8/1/96 92118 300 05 0.50 2509519 $20,000. Coronado
39 11/1/96 03 298 1 18.00 $645,000.

FL 6.99 1 112990000509520 2840 SW 69 AVE 80 $18,000. 7/1/11 15 $0
7/19/96 33155 179 05 3.25 2509520 $18,000. Miami
40 10/19/96 06 177 1 18.00 $124,000.



<PAGE>
CA 5.99 2 106990000509524 461 Pismo CT 91 $57,889.21 9/1/21 87 $220000
8/6/96 94550 300 05 3.75 2509524 $58,300. Livermore
50 11/6/96 02 299 1 18.00 $320,000.

CA 7.25 2 106990000509525 1121 Garfield  91 $28,000. 6/29/11 90 $224000
7/29/96 90291 179 05 2.25 2509525 $28,000. Los Angeles
38 1/29/97 00 176 1 18.00 $280,000.


CA 6.99 2 106990000509526 144 S Prospectors  81 $20,886.73 7/24/21 80 $94809
7/24/96 91765 300 03 0.50 2509526 $25,000. Diamond Bar
42 10/24/96 06 297 1 18.00 $150,000.

UT 5.99 2 149990000509529 2849 W 680 N 91 $11,915.44 7/9/21 89 $89362
8/9/96 84601 299 05 2.25 2509529 $12,000. Provo
45 11/9/96 06 297 1 18.00 $115,000.


MA 7.25 2 125990000509530 21 Chamberlain  91 $71,997.67 8/15/21 90 $312000
8/15/96 02043 300 05 2.50 2509530 $72,300. Hingham
22 2/15/97 06 298 1 18.00 $427,000.

UT 5.99 2 149990000509531 1401 W Snow  91 $27,504.82 8/5/11 95 $377000
8/5/96 84770 180 05 3.75 2509531 $27,700. St. George
19 11/5/96 06 178 1 18.00 $426,000.


CA 6.99 2 106990000509533 6626 Suva ST 91 $11,958.13 6/29/21 81 $111828
7/29/96 90621 299 05 3.25 2509533 $12,000. Bell Gardens
42 10/29/96 02 296 1 18.00 $153,000.






CA 7.25 2 106990000509538 4535 Morella  91 $16,909.32 7/26/21 85 $276000
7/26/96 91607 300 05 2.25 2509538 $17,200. North Hollywood
40 1/26/97 00 297 1 18.00 $345,000.

CA 7.25 2 106990000509540 219 Lasso Circle 91 $53,572.65 6/26/21 82 $195037
7/26/96 94583 299 05 3.25 2509540 $100,000. San Ramon
41 1/26/97 04 296 1 18.00 $360,000.



<PAGE>
MA 7.25 2 125990000509541 19 Monument  91 $15,727.84 8/15/21 83 $206250
8/15/96 02129 300 01 2.25 2509541 $25,000. Charlestown
41 2/15/97 06 298 1 18.00 $280,000.

ID 6.99 2 116990000509542 21 E State AVE 91 $24,879.26 7/26/21 90 $40174
7/26/96 83642 300 05 2.00 2509542 $25,000. Meridian
19 10/26/96 03 297 1 18.00 $73,000.


CA 6.99 2 106990000509543 1731 41st Street 91 $65,805.07 7/22/21 90 $529500
7/22/96 90266 300 05 2.75 2509543 $66,100. Manhattan Beach
26 10/22/96 00 297 1 18.00 $661,900.

CA 7.25 2 106990000509544 20852 Christine  91 $40,195.05 7/24/21 90 $206250
7/24/96 90503 300 05 2.25 2509544 $41,200. Torrancec
35 1/24/97 00 297 1 18.00 $275,000.


CA 7.25 2 106990000509550 5925 Greenbriar  81 $99,933.56 7/8/21 69 $500000
7/8/96 91301 300 05 1.50 2509550 $100,000. Agoura Hills
43 1/8/97 00 297 1 18.00 $875,000.

UT 5.99 2 149990000509552 5705 S  91 $33,705.64 7/31/21 90 $98815
7/31/96 84118 300 05 2.25 2509552 $33,900. Salt Lake City
45 10/31/96 02 298 1 18.00 $148,000.


CA 7.25 2 106990000509553 19004 Galton 91 $24,913.86 7/26/21 89 $232000
7/26/96 91350 300 05 2.25 2509553 $25,000. Saugus
47 1/26/97 00 297 1 18.00 $290,000.

GA 7.25 2 113990000509554 3515 Preston TRL 80 $19,548.8 7/31/11 80 $300000
7/31/96 30907 180 03 1.00 2509554 $20,000. Martinez
37 1/31/97 06 178 1 18.00 $400,000.


CA 7.25 2 106990000509555 7860 Lulu Glen  91 $54,810.51 7/19/21 90 $440000
7/19/96 90046 300 05 2.75 2509555 $55,000. Los Angeles
32 1/19/97 00 297 1 18.00 $550,000.







<PAGE>
CA 12. 2 106990000509557 10283 Meadow  91 $49,992.46 6/19/11 97 $191000
7/19/96 92131 179 05 3.75 2509557 $50,000. San Diego
37 0 02 176 1 18.00 $250,000.

CA 7.25 2 106990000509559 5550 Nerak Court 91 $59,305.01 6/23/21 90 $206000
7/23/96 91902 299 05 3.25 2509559 $59,500. Bonita
43 1/23/97 06 296 1 18.00 $295,000.


CA 6.99 2 106990000509561 1837 Green Acres  81 $21,619.69 7/19/21 79 $125007
7/19/96 91901 300 05 0.50 2509561 $25,000. Alpine
42 10/19/96 06 297 1 18.00 $190,000.

CA 7.25 2 106990000509563 733 Turnbridge  91 $40,000. 6/23/21 88 $320000
7/23/96 94526 299 05 2.75 2509563 $40,000. Danville
39 1/23/97 00 296 1 18.00 $410,000.


MI 7.25 2 126990000509564 46913 Fields 80 $24,589.38 8/9/11 76 $115000
8/9/96 48315 180 05 1.50 2509564 $75,000. Shelby TWP
45 2/9/97 06 178 1 18.00 $250,000.

CA 6.99 2 106990000509565 3445 Burton  81 $14,941.92 7/24/21 66 $135000
7/24/96 91770 300 05 0.50 2509565 $15,000. Rosemead
43 10/24/96 06 297 1 18.00 $230,000.


CA 5.99 2 106990000509566 714 Jeffrey AVE 91 $36,026.98 6/26/11 90 $191250
7/26/96 95008 179 05 2.00 2509566 $36,200. Campbell
27 10/26/96 01 176 1 18.00 $255,000.

AZ 7.25 2 104990000509567 6636 W Tonopah  81 $35,317.8 6/16/21 77 $120000
7/16/96 85308 299 05 1.00 2509567 $50,000. Glendale
42 1/16/97 00 296 1 18.00 $221,000.


WA 6.99 2 153990000509568 4034 E Mercer  91 $51,000. 6/19/21 90 $408000
7/19/96 98040 299 05 3.25 2509568 $51,000. Mercer Island
49 10/19/96 00 296 1 18.00 $510,000.

CA 6.99 2 106990000509571 814 La Canada  91 $34,871.19 6/24/21 90 $100000
7/24/96 93033 299 05 2.75 2509571 $35,000. Oxnard
40 10/24/96 06 296 1 18.00 $150,000.



<PAGE>
CO 7.25 2 108990000509572 1223 W  81 $36,632.28 8/9/21 66 $110000
8/9/96 80521 300 05 0.50 2509572 $37,000. Fort Collins
34 2/9/97 06 298 1 18.00 $225,000.






CA 6.99 2 106990000509575 1000 Davit Lane 91 $36,300. 7/1/21 90 $181500
7/5/96 94065 299 01 2.50 2509575 $36,300. Redwood City
36 10/5/96 00 297 1 18.00 $242,000.

WA 6.99 2 153990000509576 2415 NE 145th  91 $29,683.84 7/24/11 90 $150000
7/24/96 98686 180 05 2.75 2509576 $30,000. Vancouver
40 10/24/96 06 177 1 18.00 $200,000.


CA 7.25 2 106990000509577 24508 Park  91 $97,000. 6/14/21 90 $524000
6/14/96 91302 300 05 2.75 2509577 $97,000. Calabasas
37 12/14/96 06 296 1 18.00 $690,000.

WA 6.99 2 153990000509578 2520 NW  91 $19,800. 6/22/21 90 $99000
7/22/96 98802 299 05 3.75 2509578 $19,800. East Wenatchee
34 10/22/96 01 296 1 18.00 $132,000.


CA 5.99 2 106990000509579 436 Montebello  91 $30,549.18 7/24/21 90 $153750
7/24/96 93004 300 05 2.25 2509579 $30,700. Ventura
40 10/24/96 00 297 1 18.00 $205,000.

CA 7.25 2 106990000509580 3304 Ocean Drive 91 $71,253.66 7/22/21 90 $572000
7/22/96 90266 300 07 2.75 2509580 $71,500. Manhattan Beach
31 1/22/97 00 297 1 18.00 $715,000.


CA 5.99 2 106990000509581 3442 Huerta 91 $17,414.02 7/26/21 84 $141000
7/26/96 93010 300 03 2.25 2509581 $17,500. Camarillo
31 10/26/96 02 297 1 18.00 $190,000.

CA 7.25 2 106990000509583 1506 Yarberry DR 91 $32,418.46 7/30/21 90 $162750
7/30/96 94954 300 05 2.25 2509583 $32,550. Petaluma
38 1/30/97 00 298 1 18.00 $217,000.



<PAGE>
CA 6.99 2 106990000509586 432 27th ST 91 $15,000. 7/1/21 90 $350000
7/26/96 90266 299 05 2.75 2509586 $15,000. Manhattan Beach
49 10/1/96 06 297 1 15.00 $407,000.

CA 5.99 2 106990000509588 36 Flower ST 91 $35,032.85 6/26/21 90 $176250
7/26/96 94063 299 05 2.25 2509588 $35,200. Redwood City
38 10/26/96 06 296 1 18.00 $235,000.


CA 6.99 2 106990000509589 3104 W Chandler  81 $19,800. 6/18/11 80 $80000
7/18/96 91505 179 05 0.50 2509589 $20,000. Burbank
47 10/18/96 00 176 1 18.00 $125,000.






NY 6.99 2 136990000509590 1441 61st ST 91 $37,898.03 7/30/21 90 $192000
7/30/96 11219 300 10 2.75 2509590 $38,300. Brooklyn
42 10/30/96 06 298 1 18.00 $256,000.

CA 6.99 2 106990000509591 1656 Silver Tree  91 $20,000. 6/22/21 81 $167573
7/22/96 92026 299 05 2.75 2509591 $20,000. Escondido
38 10/22/96 02 296 1 18.00 $232,000.


CA 6.99 2 106990000509596 23671 Sonata DR 91 $42,057.07 7/17/11 95 $224963
7/17/96 92562 180 05 4.25 2509596 $42,180. Murrieta
29 10/17/96 00 177 1 18.00 $283,777.

OR 6.99 2 141990000509597 445 SE Cochran  91 $19,500. 6/29/11 89 $122000
7/29/96 97140 179 05 2.25 2509597 $19,500. Sherwood
41 10/29/96 02 176 1 18.00 $160,000.


NJ 5.99 2 134990000509598 502 Downing ST 81 $25,500. 8/2/21 65 $120000
8/2/96 07450 300 05 1.50 2509598 $50,000. Ridgewood
44 11/2/96 03 298 1 18.00 $263,000.

CA 6.99 2 106990000509599 50 Mounds RD 81 $49,825.56 7/18/11 77 $279500
7/18/96 94402 180 08 3.00 2509599 $50,000. San Mateo
36 10/18/96 06 177 1 18.00 $430,000.



<PAGE>
MI 7.25 2 126990000509600 3850 E Webeek  90 $95,000. 7/27/11 89 $362000
7/27/96 48302 180 01 3.25 2509600 $95,000. Bloomfield Hills
6 1/27/97 06 177 1 18.00 $515,000.

CO 6.99 2 108990000509601 301 Timberline  81 $25,692.84 6/25/21 37 $71765
7/25/96 81301 299 05 0.50 2509601 $50,000. Durango
36 10/25/96 06 296 1 18.00 $335,000.


OR 7.25 2 141990000509603 127 Mace Road 91 $14,200.9 7/17/11 95 $76000
7/17/96 97501 180 05 3.75 2509603 $14,250. Medford
34 1/17/97 02 177 1 18.00 $95,000.

CO 11.5 2 108990000509604 1828 S Downing  91 $24,986.3 7/29/11 96 $78000
7/29/96 80210 180 05 3.25 2509604 $25,000. Denver
38 0 03 177 1 18.00 $108,000.


CA 7.25 2 106990000509605 1695 N Lafayette  91 $31,954.52 7/19/21 90 $343200
7/19/96 91711 300 05 2.75 2509605 $40,000. Claremont
35 1/19/97 02 297 1 18.00 $429,000.






CA 7.25 2 106990000509606 25325 Malibu  91 $64,083.45 7/26/11 88 $386250
7/26/96 90265 180 05 2.75 2509606 $64,350. Malibu
31 1/26/97 00 177 1 18.00 $515,000.

FL 7.25 2 112990000509610 919 NW 161st  91 $13,306.65 7/24/21 90 $146741
7/24/96 33028 300 03 2.25 2509610 $21,500. Pembroke Pines
36 1/24/97 06 297 1 18.00 $187,000.


CA 5.99 1 106990000509613 1917 Freda Lane 81 $40,265.85 6/30/21 36 $0
7/30/96 92007 299 05 1.50 2509613 $82,000. Cardiff
50 10/30/96 06 297 1 18.00 $230,000.

MA 6.99 2 125990000509614 165 Rosemont DR 90 $36,000. 7/12/11 88 $288000
7/12/96 01845 180 05 2.25 2509614 $36,000. North Andover
24 10/12/96 00 177 1 18.00 $370,000.



<PAGE>
FL 7.25 2 112990000509615 7525 SW 39th  81 $34,879.41 7/25/11 48 $7853
7/25/96 33155 180 05 1.00 2509615 $35,000. Miami
26 1/25/97 02 177 1 18.00 $90,000.

CA 7.25 2 106990000509617 1750 Rowan ST 91 $17,916.53 7/30/21 90 $90000
7/30/96 92105 300 05 2.75 2509617 $18,000. San Diego
45 1/30/97 00 298 1 18.00 $120,000.


WA 6.99 2 153990000509622 4821 133rd Street  91 $87,000. 6/22/21 90 $435000
7/22/96 98332 299 03 3.25 2509622 $87,000. Gig Harbor
45 10/22/96 06 296 1 18.00 $580,000.

OK 7.25 2 140990000509624 Route 2 Box 13a 91 $20,000. 7/2/21 78 $35333
8/2/96 74875 299 05 0.50 2509624 $20,000. Tryon
24 2/2/97 02 297 1 18.00 $71,000.


CA 6.25 2 106990000509627 3351 Via Arnez 91 $17,300. 6/15/21 90 $86185
7/15/96 93436 299 05 2.00 2509627 $17,300. Lompoc
22 1/16/97 02 296 1 18.00 $115,000.

CA 7.25 2 106990000509629 40 Malicoat AVE 91 $43,800. 8/5/21 90 $77693
7/30/96 94561 300 05 2.75 2509629 $43,800. Oakley
44 1/30/97 03 298 1 18.00 $135,000.


UT 5.99 2 149990000509635 1238 28th Street 81 $26,744.74 8/9/21 77 $43500
8/9/96 84403 300 05 1.00 2509635 $33,640. Ogden
45 11/9/96 02 298 1 18.00 $101,000.






MI 7.25 2 116990000509637 5065  90 $30,000. 7/29/11 90 $149900
7/29/96 48382 180 05 3.25 2509637 $30,000. COMMERCE
36 1/29/97 00 177 1 18.00 $200,000.

CA 6.99 2 106990000509638 3095 Boundary  81 $44,844.71 6/23/21 79 $112000
7/23/96 92104 299 05 0.50 2509638 $45,000. San Diego
27 10/26/96 06 296 1 18.00 $200,000.



<PAGE>
CA 7.25 2 106990000509647 1913 Corto TRL 91 $36,600. 7/30/11 95 $195500
7/30/96 93030 180 05 3.75 2509647 $36,600. Oxnard
43 1/30/97 00 178 1 18.00 $244,400.

GA 6.99 2 113990000509650 2015 Holly Cove  91 $26,800. 6/19/21 91 $86898
7/19/96 30130 299 05 3.75 2509650 $26,800. Cumming
49 10/19/96 02 296 1 18.00 $125,000.


CA 6.99 2 106990000509653 1530 Barrywood  91 $29,429.92 7/25/21 90 $147750
7/25/96 90731 300 05 2.75 2509653 $29,550. San Pedro
46 10/25/96 00 297 1 18.00 $197,000.

CA 6.99 2 106990000509656 9 Mountainbrook 91 $40,896.21 6/19/21 90 $328000
7/19/96 92620 299 03 2.25 2509656 $41,000. Irvine
44 10/19/96 00 296 1 18.00 $410,000.


MI 11.5 2 126990000509659 6321 Marseilles 92 $18,659. 7/24/11 100 $16814
7/24/96 48225 180 05 3.25 2509659 $38,000. Detroit
31 0 06 177 1 18.00 $55,000.

UT 7.25 2 149990000509662 1403 E Anvil DR 81 $10,117.98 7/26/21 74 $150000
7/26/96 84020 300 05 0.25 2509662 $10,185. Draper
30 1/26/97 00 297 1 18.00 $217,000.


CA 12. 2 106990000509665 895 N Calle  91 $17,545.64 7/24/11 95 $141438
7/24/96 93010 180 05 3.75 2509665 $17,550. Camarillo
30 8/31/96 02 177 1 18.00 $167,500.

FL 6.99 2 112990000509671 995 NW 165 AVE 81 $25,000. 6/26/21 72 $100322
7/26/96 33028 299 03 1.50 2509671 $25,000. Pembroke Pines
51 10/26/96 06 296 1 18.00 $175,000.


UT 6.99 2 149990000509672 647 S Pitford DR 91 $9,073.61 6/25/11 95 $117753
7/25/96 84014 179 05 3.75 2509672 $11,000. Centerville
37 10/25/96 06 176 1 18.00 $136,000.







<PAGE>
CA 5.99 2 106990000509673 4802 Park Avenue 91 $33,804.49 7/5/21 90 $170250
8/5/96 90630 299 05 2.75 2509673 $34,050. Cypress
34 11/5/96 00 297 1 18.00 $227,000.

UT 6.99 2 149990000509677 1865 E Sycamore  81 $9,961.28 6/26/11 78 $60164
7/26/96 84117 179 05 0.50 2509677 $70,000. Salt Lake City
33 10/26/96 06 176 1 18.00 $168,500.


CA 6.99 2 106990000509686 5359 Aztec Drive 91 $21,665.78 7/22/21 90 $108750
7/22/96 91942 300 07 2.75 2509686 $21,750. La Mesa
41 10/22/96 01 297 1 18.00 $145,000.

CA 7.25 2 106990000509690 910 Avon ST 91 $43,848.41 7/25/21 90 $553600
7/25/96 94002 300 05 2.75 2509690 $69,200. Belmont
14 1/25/97 00 297 1 18.00 $692,000.


CA 6.99 2 106990000509693 5550 De La Croix  91 $31,785.61 6/19/11 92 $234989
7/19/96 92687 179 03 4.25 2509693 $43,000. Yorba Linda
50 10/19/96 02 176 1 18.00 $303,000.

UT 6.99 2 149990000509694 11471 S High  81 $17,607.74 8/1/21 80 $110300
8/1/96 84092 300 05 0.50 2509694 $17,700. Sandy
35 11/1/96 06 298 1 18.00 $160,000.


FL 7.25 2 112990000509696 2293 SW 142nd  91 $19,511.98 6/24/21 90 $123000
7/24/96 33175 299 05 2.25 2509696 $43,500. Miami
45 1/24/97 02 296 1 18.00 $185,000.

NY 7.25 2 136990000509697 2917 Len DR 90 $22,750. 8/2/11 86 $176431
7/29/96 11710 180 05 3.75 2509697 $32,000. Bellmore
16 2/2/97 06 178 1 18.00 $245,000.


NJ 5.99 2 134990000509698 2347 Dunlake RD 91 $14,146.48 7/8/21 90 $122500
8/8/96 07083 299 05 2.75 2509698 $23,700. Union
47 11/8/96 06 297 1 18.00 $163,000.

CA 5.99 2 106990000509699 1571 Haslam  91 $38,664.21 8/5/21 90 $311200
8/5/96 90069 300 05 2.25 2509699 $38,900. Los Angeles
37 2/5/97 00 298 1 18.00 $389,000.



<PAGE>
NJ 5.99 2 134990000509701 1 Pauls PL 81 $15,058.98 7/9/21 75 $114585
8/9/96 07748 299 05 0.25 2509701 $20,000. Middletown
21 11/9/96 06 297 1 18.00 $180,000.






CA 7.25 2 106990000509702 665 N Main Street 91 $62,047.9 6/23/21 90 $311250
7/23/96 92680 299 05 3.25 2509702 $62,250. Tustin
45 1/23/97 01 296 1 18.00 $415,000.

CA 12. 2 106990000509704 36664 Cuenca CT 92 $38,456.75 7/29/11 100 $336155
7/29/96 94536 180 05 3.75 2509704 $38,500. Fremont
48 0 02 177 1 18.00 $375,000.


GA 6.99 2 113990000509708 5795 Declair CT 91 $32,500. 6/30/11 81 $304000
7/1/96 30328 179 03 1.50 2509708 $45,750. Atlanta
35 10/1/96 03 177 1 18.00 $435,000.

MD 7.25 2 124990000509709 14234 Day Farm  91 $35,468.87 6/19/21 89 $198750
7/19/96 21737 299 05 2.00 2509709 $36,000. Glenelg
23 1/19/97 02 296 1 18.00 $265,000.


NM 6.99 2 135990000509710 376 Briston PL 91 $31,696.1 7/26/21 90 $256000
7/26/96 87544 300 05 2.25 2509710 $32,000. Los Alamos
33 10/26/96 00 297 1 18.00 $320,000.

NJ 6.99 2 134990000509715 19 Falcon PL 91 $48,810.28 7/26/11 95 $255000
7/26/96 07470 180 05 3.75 2509715 $49,000. Wayne
36 10/27/96 06 177 1 18.00 $320,000.


IL 7.25 2 117990000509716 2646 N Racine 91 $45,405.2 8/15/21 85 $400000
8/15/96 60614 300 05 2.75 2509716 $120,000. Chicago
34 2/15/97 00 298 1 18.00 $614,250.

CA 6.99 2 106990000509722 5341 Buttons  91 $18,000. 7/25/21 81 $156375
7/25/96 91780 300 05 2.25 2509722 $25,000. Temple City
37 10/26/96 06 297 1 18.00 $225,000.



<PAGE>
CO 6.99 2 108990000509727 0057 Rabbit RD 81 $34,871.19 7/23/21 75 $111722
7/23/96 81623 300 03 0.25 2509727 $45,500. Carbondale
29 10/24/96 06 297 1 18.00 $210,000.

CA 5.99 2 106990000509730 646 Douglas  91 $32,107.81 7/1/21 90 $170157
8/1/96 91910 299 05 3.25 2509730 $32,300. Chula Vista
35 11/1/96 06 297 1 18.00 $225,000.


WA 9.75 2 153990000509733 1013 N G Street 81 $36,000. 6/29/21 77 $101022
7/29/96 98403 299 05 1.50 2509733 $36,000. Tacoma
50 0 06 296 1 18.00 $180,000.






CA 6.99 2 106990000509741 16887 Wing LN 91 $21,940.09 6/16/21 90 $110250
7/16/96 91744 299 05 2.25 2509741 $22,000. Valinda Area
32 10/16/96 02 296 1 18.00 $147,000.

CO 11.5 2 108990000509743 7230 Winona CT 92 $25,500. 6/22/11 100 $76500
7/22/96 80030 179 05 3.25 2509743 $25,500. Westminster
44 0 06 176 1 18.00 $102,000.


CO 6.99 2 108990000509749 3730 Canterbury  81 $26,191.14 6/24/11 67 $26533
7/24/96 81005 179 05 1.00 2509749 $27,000. Pueblo
44 10/24/96 02 176 1 18.00 $80,000.

FL 7.25 2 112990000509750 2838 SW Sunset  81 $14,930.44 6/30/11 70 $100000
7/31/96 34990 179 05 1.00 2509750 $23,900. Palm City
31 1/31/97 06 177 1 18.00 $177,000.


CA 6.99 2 106990000509752 511 Southwood  81 $14,652.15 7/24/21 56 $53060
7/24/96 95407 300 05 0.50 2509752 $20,000. Santa Rosa
47 10/25/96 06 297 1 18.00 $131,500.

CA 5.99 2 106990000509755 500 Edgewood  91 $59,835.1 8/2/21 90 $481600
8/2/96 94941 300 05 3.25 2509755 $60,200. Mill Valley
47 11/2/96 02 298 1 18.00 $602,000.



<PAGE>
OR 6.99 2 141990000509758 812 Skipper AVE 81 $9,963.19 7/25/21 50 $35982
7/25/96 97404 300 05 0.50 2509758 $10,000. Eugene
32 10/25/96 01 297 1 18.00 $92,000.

CO 6.99 2 108990000509759 1673 Woodmoor  81 $28,926.59 6/19/21 80 $160644
7/19/96 80132 299 03 0.50 2509759 $39,000. Monument
44 10/19/96 06 296 1 18.00 $250,000.


FL 7.25 2 112990000509762 4964 Rothschild  81 $32,840.42 7/1/11 69 $158899
8/1/96 33067 179 03 1.00 2509762 $50,000. Coral Springs
29 2/1/97 06 177 1 18.00 $305,000.

CA 6.99 2 106990000509770 1526 Hayes ST 81 $8,956.87 7/24/21 80 $76877
7/24/96 95501 300 05 0.50 2509770 $14,700. Eureka
37 10/24/96 02 297 1 18.00 $115,000.


FL 12. 2 112990000509772 19231 NW 57th  92 $50,210.42 8/2/11 100 $59694
8/2/96 33015 180 05 3.75 2509772 $50,300. Miami
32 0 02 178 1 18.00 $110,000.






CA 6.99 2 106990000509779 12261 Sarazen PL 91 $41,821.29 6/24/11 94 $207000
7/24/96 91344 179 05 3.25 2509779 $42,000. Granada Hills
30 10/24/96 06 176 1 18.00 $265,000.

CA 5.99 2 106990000509780 32745 Regents  91 $44,742. 8/1/21 83 $225152
8/1/96 94587 300 05 3.75 2509780 $45,000. Union City
50 11/1/96 06 298 1 18.00 $328,000.


NM 6.99 2 135990000509781 4911 Guadalupe  91 $35,127.02 7/24/21 90 $176250
7/24/96 87107 300 05 2.25 2509781 $35,250. Albuquerque
39 10/24/96 00 297 1 18.00 $235,000.

CA 5.99 2 106990000509783 42 Echo AVE 91 $26,935.73 8/2/21 90 $216800
8/2/96 94925 300 05 2.25 2509783 $27,100. Corte Madera
40 11/2/96 00 298 1 18.00 $271,000.



<PAGE>
CA 6.99 2 106990000509784 44 Apache CT 91 $29,261.21 6/25/11 95 $316904
7/25/96 94583 179 03 3.25 2509784 $44,000. San Ramon
26 10/25/96 03 176 1 18.00 $380,000.

WA 6.99 2 153990000509785 569 Park Ridge  81 $49,863.86 7/18/21 66 $105000
7/18/96 98284 300 05 1.00 2509785 $50,000. Sedro Woolley
49 10/18/96 00 297 1 18.00 $235,000.


CO 6.99 2 108990000509786 57 Broadmoor  91 $38,803.93 7/29/21 90 $198750
7/29/96 80906 300 05 2.75 2509786 $39,000. Colorado Springs
40 10/29/96 00 297 1 18.00 $265,000.

UT 7.25 2 149990000509789 3031 Silver Reef  81 $49,458.21 8/6/21 67 $249966
8/1/96 84746 300 05 0.50 2509789 $50,000. Leeds
42 2/1/97 06 298 1 18.00 $450,000.


CA 5.99 2 106990000509790 2040 Canyon  91 $34,747.64 9/1/21 85 $227598
8/8/96 94583 300 05 2.75 2509790 $35,000. San Ramon
43 11/8/96 06 299 1 18.00 $309,000.

CA 7.25 2 106990000509800 2377 Bohannon  81 $46,455.55 7/8/21 80 $207000
8/8/96 95050 299 05 1.00 2509800 $77,000. Santa Clara
40 2/8/97 01 297 1 18.00 $355,000.


CO 5.99 2 108990000509806 7130 W 66th AVE 91 $17,874.52 6/26/21 89 $85622
7/26/96 80003 299 05 2.50 2509806 $18,000. Arvada
26 10/26/96 06 296 1 18.00 $117,000.






CA 6.99 2 106990000509810 1328 Kayford ST 91 $23,614.9 7/1/21 86 $103778
8/1/96 91733 299 05 2.25 2509810 $25,000. El Monte
45 11/1/96 02 297 1 18.00 $150,000.

CA 5.99 2 106990000509814 9385 Wetsand CT 91 $30,827.35 6/30/21 90 $204090
7/30/96 95020 299 05 2.75 2509814 $31,000. Gilroy
49 10/30/96 06 297 1 18.00 $262,000.



<PAGE>
CO 5.99 2 108990000509816 850 Southwood  81 $49,770.78 6/26/11 74 $75750
7/26/96 80121 179 05 0.50 2509816 $50,000. Littleton
40 10/26/96 02 176 1 18.00 $170,000.

CA 6.99 2 106990000509820 627 Capuchino  91 $40,500. 7/23/21 90 $207000
7/23/96 94030 300 05 2.25 2509820 $40,500. Millbrae
45 10/23/96 06 297 1 18.00 $275,000.


VA 7.25 2 151990000509822 6501 Hanover  90 $69,958.83 7/25/11 95 $376000
7/25/96 22024 180 05 4.25 2509822 $70,000. Clifton
44 1/25/97 02 177 1 18.00 $470,000.

CA 6.99 2 106990000509824 1785 N Refugio  81 $157,418.51 7/22/21 79 $207000
7/22/96 93460 300 05 1.00 2509824 $158,000. Santa Ynez
37 10/22/96 00 297 1 18.00 $465,000.


CA 5.99 2 106990000509826 101 Harrison ST 91 $37,500. 8/28/21 90 $300000
8/28/96 94105 300 01 3.00 2509826 $37,500. San Francisco
23 11/28/96 00 298 1 15.00 $375,000.

CA 5.99 2 106990000509829 16652 Lone Hill  91 $28,658.51 6/26/21 90 $144000
7/26/96 95037 299 05 2.25 2509829 $28,800. Morgan Hill
37 10/26/96 00 296 1 18.00 $192,000.


CA 5.99 2 106990000509830 3430 Grandview  81 $69,587.19 7/2/21 79 $201000
8/2/96 95682 299 05 1.00 2509830 $70,000. Shingle Springs
36 11/2/96 06 297 1 18.00 $346,000.

CA 6.99 2 106990000509833 716 Masonic AVE 91 $34,807.78 7/24/21 89 $196000
7/24/96 94706 300 05 3.25 2509833 $35,000. Albany
47 10/24/96 06 297 1 18.00 $261,000.


CA 7.25 2 106990000509835 852 Buena Vista  81 $50,594.71 6/22/21 61 $160000
7/22/96 94038 299 05 2.00 2509835 $50,800. Moss Beach
50 1/22/97 06 296 1 18.00 $350,000.







<PAGE>
CA 7.25 2 106990000509836 1968 Armstrong 91 $36,551.69 6/29/21 90 $183750
7/29/96 94114 299 05 3.25 2509836 $36,700. San Francisco
47 1/29/97 00 296 1 18.00 $245,000.

MI 7.25 2 126990000509837 1306 Chestnut LN 90 $49,858.9 8/13/11 88 $300000
8/13/96 48309 180 05 3.25 2509837 $50,000. Rochester Hills
35 2/13/97 06 178 1 18.00 $400,000.


OR 7.25 2 141990000509839 72 NW Cedar  91 $24,580.56 7/1/11 89 $59307
8/1/96 97146 179 05 2.75 2509839 $24,700. Warrenton
34 2/1/97 03 177 1 18.00 $95,000.

FL 6.99 2 112990000509840 7210 Lunita CT 91 $14,871.17 7/29/21 87 $55661
7/29/96 33625 300 05 2.75 2509840 $15,000. Tampa
48 10/29/96 06 297 1 18.00 $82,000.


CA 5.99 2 106990000509841 2 Fern Hill RD 91 $15,908.26 8/2/21 89 $459019
8/2/96 94957 300 05 2.25 2509841 $50,000. Ross
41 11/2/96 03 298 1 18.00 $575,000.

WA 6.99 2 153990000509842 4316 S 239th  91 $22,802.56 6/29/21 90 $114750
7/29/96 98032 299 05 2.75 2509842 $22,900. Kent
33 10/29/96 00 296 1 18.00 $153,000.


CA 7.25 2 106990000509847 4025 Tilden Lane 91 $57,466.02 6/26/21 90 $463200
7/26/96 94549 299 05 3.75 2509847 $57,900. Lafayette
50 1/26/97 00 296 1 18.00 $579,000.

CA 7.25 2 106990000509849 284 Owens Drive 91 $71,309.21 6/25/21 85 $725144
7/25/96 92808 299 05 3.25 2509849 $100,000. Anaheim Hills
43 1/25/97 02 296 1 18.00 $975,000.


GA 7.25 2 113990000509851 640 White Oak  90 $43,200. 6/12/11 95 $184445
7/12/96 30265 179 05 3.25 2509851 $43,200. Newnan
37 1/12/97 02 176 1 18.00 $240,000.

OR 5.99 2 141990000509853 23617 Aldergrove 91 $49,323.77 7/30/11 95 $152655
7/30/96 97140 180 05 3.75 2509853 $49,600. Sherwood
39 10/30/96 06 178 1 18.00 $213,000.



<PAGE>
UT 6.99 2 149990000509854 4801 S Townsend  81 $19,922.56 6/24/21 74 $66696
7/24/96 84118 299 05 1.50 2509854 $20,000. Salt Lake City
40 10/24/96 03 296 1 18.00 $118,000.






CA 6.99 2 106990000509856 1199  91 $31,178.81 6/25/21 90 $156300
7/25/96 94089 299 05 2.75 2509856 $31,300. Sunnyvale
42 10/25/96 02 296 1 18.00 $208,500.

CA 7.25 2 106990000509857 5253 Silver  91 $79,724.38 6/17/21 90 $302195
7/16/96 90274 299 05 2.75 2509857 $80,000. Rancho Palos
37 1/16/97 06 296 1 18.00 $425,000.


CA 7.25 2 106990000509858 17 Pinehurst Road 91 $69,661.5 8/29/21 88 $154294
7/29/96 93546 301 05 3.25 2509858 $70,000. Mammoth Lakes
42 1/29/97 06 298 1 18.00 $255,000.

WA 7.25 2 153990000509859 7802 85th AVE  80 $19,459.52 8/1/11 79 $194618
8/1/96 98290 180 05 0.50 2509859 $40,000. Snohomish
48 2/1/97 06 178 1 18.00 $300,000.


CA 7.25 2 106990000509861 2443 Diane Marie  91 $11,970.26 7/30/11 90 $178805
7/30/96 95050 180 09 2.00 2509861 $20,000. Santa Clara
27 1/30/97 03 178 1 18.00 $221,000.

CA 6.99 2 106990000509872 15411 Shadybend  91 $24,893.63 6/26/11 87 $161250
7/26/96 91745 179 05 2.25 2509872 $25,000. Hacienda Heights
50 10/26/96 06 176 1 18.00 $215,000.


CA 7.25 2 106990000509874 5010 Birkdale  91 $49,748.28 8/2/21 89 $476000
8/2/96 95138 300 03 2.25 2509874 $50,000. San Jose
32 2/20/97 00 298 1 18.00 $595,000.

CA 7.25 2 106990000509875 16550 Mount  91 $37,200. 7/5/11 95 $198400
8/5/96 ****** 179 05 4.25 2509875 $37,200. Fountain Valley
40 2/5/97 00 177 1 18.00 $248,000.



<PAGE>
CA 7.25 2 106990000509876 2777 Central AVE 91 $74,864.49 7/30/11 90 $207000
7/30/96 95747 180 05 2.75 2509876 $81,000. Roseville
39 1/30/97 01 178 1 18.00 $320,000.

UT 7.25 2 149990000509877 590 W 1875 North 91 $20,078.39 6/23/11 95 $75750
7/23/96 84041 179 05 3.75 2509877 $20,200. Layton
39 1/23/97 02 176 1 18.00 $101,000.


UT 6.99 2 149990000509878 2456 E Rockview  81 $4,092.32 7/1/11 80 $181601
8/1/96 84092 179 05 0.25 2509878 $11,000. Sandy
29 11/1/96 06 177 1 18.00 $242,000.






UT 5.99 2 149990000509899 6341 S Hopi CIR 91 $20,800. 8/2/11 95 $84553
8/2/96 84084 180 05 3.75 2509899 $20,800. West Jordan
25 11/2/96 06 178 1 18.00 $111,000.

UT 6.99 2 149990000509912 2917 S Breeze DR 91 $13,932.53 7/18/21 90 $80418
7/18/96 84044 300 05 3.25 2509912 $14,000. Magna
45 10/18/96 06 297 1 18.00 $105,000.


CA 6.99 2 106990000509914 908 Calle  91 $27,555.61 6/26/21 90 $138750
7/26/96 91773 299 05 3.25 2509914 $27,700. San Dimas
45 10/26/96 00 296 1 18.00 $185,000.

CA 7.25 2 106990000509917 71 Paddon Road 91 $43,281.01 6/24/21 90 $217500
7/24/96 95076 299 05 3.25 2509917 $43,500. Watsonville
46 1/24/97 00 296 1 18.00 $290,000.


CA 7.25 2 106990000509918 743 26th Street 91 $40,180.56 7/7/21 90 $323200
8/7/96 90266 299 05 2.75 2509918 $40,400. Manhattan Beach
42 2/7/97 00 297 1 18.00 $404,000.

CA 7.25 2 106990000509920 491 S Delwood  81 $69,633.69 6/30/21 75 $78509
7/30/96 95824 299 05 1.00 2509920 $70,000. Newbury Park
45 1/30/97 02 297 1 18.00 $200,000.



<PAGE>
CA 7.25 2 106990000509923 1511- 1511 1/2  91 $49,817.8 7/22/11 94 $292000
7/22/96 90266 180 10 4.25 2509923 $50,000. Manhattan Beach
49 1/22/97 02 177 1 18.00 $365,000.

FL 5.99 2 112990000509925 5300 NW 172nd  81 $17,876.8 8/1/21 68 $41000
8/1/96 33055 300 05 1.00 2509925 $18,000. Miami
34 11/1/96 02 298 1 18.00 $87,000.


UT 6.99 2 149990000509926 4763 Vista DR 81 $45,000. 7/23/21 79 $105000
7/23/96 84003 300 05 0.50 2509926 $45,000. Highland
35 10/23/96 06 297 1 18.00 $190,000.

CA 12. 2 106990000509931 1329 Sinaloa DR 92 $49,500. 7/16/11 100 $320402
7/16/96 91207 180 05 3.75 2509931 $49,500. Glendale
47 0 02 177 1 18.00 $370,000.


CA 7.25 2 106990000509933 24051 Hillhurst  91 $38,000. 8/1/21 90 $304900
8/1/96 91304 300 03 2.50 2509933 $38,000. Los Angeles
42 2/1/97 00 298 1 18.00 $381,161.






FL 7.25 2 112990000509934 7345 SW 123rd  81 $25,167.17 8/1/21 80 $124525
7/30/96 33165 300 05 1.25 2509934 $40,000. Miami
47 1/30/97 06 298 1 18.00 $208,000.

CA 6.99 2 106990000509935 3997 Hubert AVE 81 $9,851.96 7/6/21 62 $101782
8/6/96 90008 299 05 1.75 2509935 $20,000. Los Angeles
28 11/6/96 06 297 1 18.00 $198,000.


OR 11.5 2 141990000509939 1519 SE 24th CIR 91 $38,001.91 7/14/11 98 $94039
8/14/96 97060 179 05 3.25 2509939 $40,500. Troutdale
43 0 06 177 1 18.00 $138,000.

GA 6.99 2 113990000509940 3008 Hollow  91 $29,000. 7/2/11 90 $144950
7/3/96 30141 179 05 2.25 2509940 $29,000. Hiram
36 10/3/96 00 177 1 18.00 $195,000.



<PAGE>
CA 7.25 2 106990000509941 325 Greenfield  91 $14,527.26 6/21/21 83 $160000
6/21/96 94960 300 05 2.75 2509941 $30,000. San Anselmo
45 12/21/96 06 296 1 18.00 $230,000.

CA 7.25 2 106990000509942 1175 Cheshire  91 $49,629.1 7/9/21 87 $324700
8/9/96 94506 299 03 2.25 2509942 $50,000. Danville
41 2/9/97 01 297 1 18.00 $433,000.


NV 7.25 2 132990000509944 928 Foothill RD 91 $91,584.76 7/31/21 91 $214324
7/26/96 89410 300 05 2.75 2509944 $92,000. Gardnerville
38 1/26/97 02 298 1 18.00 $340,000.

CA 5.99 2 106990000509947 66 Del Vista CT 91 $47,772.07 7/31/21 90 $240000
7/26/96 94523 300 05 2.75 2509947 $48,000. Pleasant Hill
40 10/26/96 02 298 1 18.00 $320,000.


CA 7.25 2 106990000509948 232 N Cambridge  91 $23,700. 6/1/21 90 $142600
6/14/96 92666 299 05 2.25 2509948 $23,700. Orange
29 12/1/96 06 296 1 18.00 $185,000.

UT 6.99 2 149990000509951 854 N 950 E 81 $59,790.67 7/23/21 79 $66300
7/23/96 84010 300 05 1.50 2509951 $60,000. Bountiful
33 10/23/96 06 297 1 18.00 $161,000.


CA 7.25 2 106990000509952 3725 Branson DR 91 $9,752.55 8/5/21 85 $158865
7/31/96 94403 300 05 2.75 2509952 $55,000. San Mateo
47 1/31/97 06 298 1 18.00 $252,000.






CA 6.99 1 106990000509964 1238 Cottonwood  81 $27,890.01 7/31/21 32 $0
7/31/96 91761 300 05 0.25 2509964 $50,000. Ontario
14 10/31/96 06 298 1 18.00 $157,000.

NJ 5.99 2 134990000509965 770 Manchester  91 $6,559.89 7/23/21 90 $214500
7/23/96 07652 300 05 2.75 2509965 $25,000. Paramus
18 10/23/96 00 297 1 18.00 $268,211.



<PAGE>
CA 5.99 2 106990000509969 3290 Isola LN 91 $46,000. 7/26/21 85 $345000
7/26/96 94549 300 05 3.25 2509969 $46,000. Lafayette
38 10/26/96 06 297 1 18.00 $460,000.

GA 10.5 2 113990000509975 2010 Park Glenn  91 $46,050. 6/27/11 90 $207000
6/28/96 30202 179 03 2.25 2509975 $46,050. Alpharetta
30 9/28/96 06 176 1 18.00 $281,500.


CO 5.99 2 108990000509976 3439 Meadow  91 $35,300. 6/30/21 87 $176450
7/31/96 80126 299 03 2.75 2509976 $35,300. Highlands Ranch
50 10/31/96 06 297 1 18.00 $245,000.

NJ 5.99 2 134990000509978 3 Driftwood DR 91 $9,910.14 7/12/21 88 $84785
8/12/96 08873 299 09 2.75 2509978 $24,000. Franklin
38 11/12/96 06 297 1 18.00 $124,000.


CA 6.99 2 106990000509980 4847 E Atchison  91 $9,872.77 7/18/21 87 $54629
7/18/96 93725 300 05 2.00 2509980 $10,000. Fresno
24 10/18/96 06 297 1 18.00 $75,000.

CA 6.99 2 106990000509982 3532 Wise  91 $29,924.06 7/19/21 83 $103497
7/19/96 90810 300 05 2.25 2509982 $30,000. Long Beach
43 10/19/96 02 297 1 18.00 $162,000.


CA 6.99 2 106990000509983 650 Rose Ranch  91 $20,207.77 7/26/21 87 $138750
7/26/96 92069 300 05 2.25 2509983 $20,500. San Marcos
45 10/26/96 02 297 1 18.00 $185,000.

ID 6.99 2 116990000510014 4020 W Victory  91 $26,795.84 7/30/21 90 $134900
7/30/96 83642 300 05 2.25 2510014 $26,900. Meridian
41 10/30/96 00 298 1 18.00 $179,900.


UT 5.99 2 149990000510015 846 S 450 W 91 $55,233.26 8/1/21 90 $55188
7/30/96 84010 300 05 3.75 2510015 $55,500. Bountiful
47 10/30/96 02 298 1 18.00 $123,000.







<PAGE>
CO 5.99 2 108990000510016 5487 S Everett  91 $14,125.86 6/30/21 85 $191819
7/30/96 80123 299 03 2.25 2510016 $40,050. Littleton
29 10/30/96 06 297 1 18.00 $273,000.

CA 5.99 2 106990000510019 408 Mark West  81 $25,000. 7/30/11 79 $206287
7/30/96 95403 180 05 2.75 2510019 $25,000. Santa Rosa
49 10/30/96 06 178 1 15.00 $294,000.


GA 6.99 2 113990000510020 385 Morning  91 $24,650. 7/9/21 90 $127100
7/10/96 30174 299 03 2.25 2510020 $24,650. Suwanee
33 10/10/96 06 297 1 18.00 $170,000.

CA 5.99 2 106990000510023 1831 Island Drive 91 $37,500. 7/5/21 89 $187500
8/5/96 92633 299 05 2.75 2510023 $37,500. Fullerton
39 11/5/96 01 297 1 18.00 $255,000.


CA 6.99 2 106990000510024 180 Cottonwood  91 $39,829.8 7/29/21 89 $462000
7/29/96 94526 300 03 3.25 2510024 $40,000. Danville
50 10/29/96 01 297 1 18.00 $565,000.

CA 5.99 2 106990000510027 6701 Morning  91 $100,000. 7/2/11 95 $553900
8/2/96 92648 179 05 3.75 2510027 $100,000. Huntington Beach
45 11/2/96 00 177 1 18.00 $692,933.


CA 7.25 2 106990000510028 250 Lindenbrook  81 $27,500. 8/30/21 78 $462000
8/26/96 94062 300 05 1.50 2510028 $50,000. Redwood City
33 2/26/97 06 299 1 15.00 $660,000.

CA 6.99 2 106990000510031 10576 Lindbrook  91 $27,903.2 7/12/21 89 $455200
7/12/96 90024 300 05 2.75 2510031 $50,000. Los Angeles
33 10/12/96 06 297 1 18.00 $569,000.


CA 7.25 2 106990000510034 2601 Concord  81 $79,476.35 8/2/21 78 $323947
8/2/96 94513 300 05 1.00 2510034 $100,000. Brentwood
40 2/2/97 02 298 1 18.00 $550,000.

CA 7.25 2 106990000510035 4 Promontory 91 $8.91 6/30/21 90 $207000
7/30/96 92679 299 03 2.25 2510035 $44,900. Dove Canyon
35 1/30/97 00 297 1 18.00 $279,900.



<PAGE>
MI 7.25 2 126990000510036 40404 Village  80 $34,872.46 7/26/11 77 $95850
7/26/96 48105 180 05 3.25 2510036 $35,000. Novi
44 1/26/97 06 177 1 18.00 $170,000.






CA 7.25 2 106990000510039 822 Ridgeside DR 91 $37,311.21 7/31/21 90 $187500
7/31/96 91016 300 05 2.25 2510039 $37,500. Monrovia
36 1/31/97 00 298 1 18.00 $250,000.

CA 12. 2 106990000510041 4432 Regents CT 91 $83,388.57 6/19/11 91 $206000
7/19/96 91361 179 03 3.75 2510041 $83,400. Westlake Village
35 0 02 176 1 18.00 $320,000.


CA 7.25 2 106990000510042 6868 Castlerock 91 $54,581.09 9/1/21 90 $440000
8/9/96 95120 300 05 3.25 2510042 $55,000. San Jose
45 2/9/97 00 299 1 18.00 $550,000.

CA 7.25 2 106990000510043 26001 Monte  91 $47,767.89 7/27/11 95 $256000
7/27/96 92692 180 05 3.75 2510043 $48,000. Mission Viejo
40 1/27/97 01 177 1 18.00 $320,000.


CA 5.99 2 106990000510045 22646 Via  91 $25,072.06 7/1/11 90 $126350
7/31/96 92691 179 05 2.75 2510045 $25,200. Mission Viejo
49 10/31/96 00 177 1 18.00 $168,500.

MI 7.25 2 126990000510046 487 Willits ST 90 $536.3 7/30/11 90 $400000
7/30/96 48009 180 05 3.75 2510046 $100,000. Birmingham
45 1/30/97 06 178 1 18.00 $560,000.


CA 6.99 2 106990000510047 9743 Esparta CT 91 $33,809.75 8/5/21 90 $113097
8/5/96 92017 300 05 3.25 2510047 $34,000. Santee
35 11/5/96 02 298 1 18.00 $165,000.

UT 6.99 2 149990000510048 13759 S 2260  91 $33,900.91 7/18/21 82 $95000
7/18/96 84065 300 05 1.00 2510048 $36,000. Riverton
38 10/18/96 06 297 1 18.00 $160,000.



<PAGE>
CA 6.99 2 106990000510051 21096 Oman  91 $26,834.43 7/25/11 95 $100042
7/25/96 95372 180 05 4.25 2510051 $27,000. Soulsbyville
45 10/26/96 02 177 1 18.00 $134,000.

VA 6.99 2 151990000510058 11806 Fillmore  91 $31,079.2 7/26/21 90 $138000
7/26/96 22407 300 05 2.75 2510058 $31,200. Fredericksburg
41 10/26/96 02 297 1 18.00 $188,000.


MN 6.99 2 127990000510061 6389 Pierce  91 $16,307.43 7/24/21 90 $82500
7/24/96 55432 300 05 2.75 2510061 $16,500. Fridley
35 10/24/96 01 297 1 18.00 $110,000.






CA 6.99 2 106990000510065 70150  81 $86,275. 8/2/21 80 $718706
8/2/96 92270 300 05 1.25 2510065 $161,200. Rancho Mirage
38 11/2/96 06 298 1 18.00 $1,100,000.

CA 5.99 2 106990000510069 1901 Weepah  91 $42,892.37 7/13/21 89 $346000
8/13/96 90046 299 05 4.25 2510069 $43,300. Los Angeles
39 11/13/96 00 297 1 18.00 $440,000.


CA 7.25 2 106990000510070 520 Bagado CT 81 $23,618.71 7/15/21 72 $179387
8/15/96 94583 299 05 1.00 2510070 $50,000. San Ramon
45 2/15/97 01 297 1 18.00 $320,000.

OR 7.25 2 141990000510072 28801 SW Ladd  81 $49,619.17 7/15/21 53 $73588
8/15/96 97140 299 05 0.75 2510072 $100,000. Sherwood
26 2/15/97 06 297 1 18.00 $330,000.


CA 7.25 2 106990000510073 1730 Port  91 $53,217.35 7/2/11 86 $918750
8/2/96 92660 179 03 3.75 2510073 $125,000. Newport Beach
24 2/2/97 01 177 1 18.00 $1,225,000.

CA 6.99 2 106990000510075 1064 W 14th  91 $26,272.5 7/31/21 90 $132000
7/31/96 90731 300 05 2.25 2510075 $26,400. San Pedro
42 10/31/96 00 298 1 18.00 $176,000.



<PAGE>
CA 7.25 2 106990000510079 1842 Port Tiffin  91 $63,953.31 6/30/11 95 $342400
7/30/96 92660 179 03 3.75 2510079 $64,200. Newport Beach
41 1/30/97 00 177 1 18.00 $430,000.

UT 7.25 2 149990000510091 157e 450 S 81 $4,177.82 6/18/21 76 $93800
7/18/96 84025 299 05 1.00 2510091 $15,000. Farmington
43 1/18/97 03 296 1 18.00 $145,000.


CO 5.99 2 108990000510096 7426 S Hudson  91 $10,936.93 7/1/21 90 $168000
8/1/96 80122 299 03 2.25 2510096 $21,000. Littleton
42 11/1/96 06 297 1 18.00 $211,000.

CA 7.25 2 106990000510097 621 27th ST 91 $70,258.6 6/26/11 95 $376800
7/26/96 90266 179 05 3.75 2510097 $70,600. Manhattan Beach
44 1/26/97 00 176 1 18.00 $471,000.


CA 7.25 2 106990000510098 2354 Mountain  81 $112,318.9 8/2/21 80 $246473
8/2/96 91214 300 05 2.25 2510098 $113,000. La Crescenta Area
48 2/2/97 02 298 1 18.00 $450,000.






CA 5.99 2 106990000510099 23310 Highway  91 $20,000. 8/1/11 94 $54766
8/1/96 95383 180 05 3.75 2510099 $26,500. Twain Harte
41 11/1/96 03 178 1 18.00 $87,000.

CA 12. 2 106990000510101 539 Lindstrom  92 $36,300. 6/22/11 100 $171000
7/22/96 95111 179 05 3.75 2510101 $36,300. San Jose
50 0 02 176 1 18.00 $208,000.


CA 5.99 2 106990000510102 34 Indian Pipe 91 $53,699.27 6/25/21 90 $432000
7/25/96 92679 299 03 3.25 2510102 $54,000. Dove Canyon
50 10/25/96 06 296 1 18.00 $540,000.

GA 6.99 2 113990000510104 3375 Marquess  91 $27,569.75 7/31/21 90 $221650
7/31/96 30202 300 03 2.75 2510104 $27,700. Alpharetta
37 10/31/96 00 298 1 18.00 $277,230.



<PAGE>
UT 7.25 2 149990000510105 5893 S 150 West 91 $32,879.75 6/25/11 89 $134300
7/25/96 84107 179 05 2.25 2510105 $33,000. Murray
43 1/25/97 06 176 1 18.00 $190,000.

CA 7.25 2 106990000510107 148 Burlando RD 91 $18,100. 6/18/11 96 $57935
7/18/96 93238 179 05 3.75 2510107 $18,100. Kernville
25 1/19/97 02 176 1 18.00 $80,000.


CA 6.99 2 106990000510109 11 El Gavilan 81 $31,495. 6/22/21 44 $244000
7/22/96 94563 299 05 0.50 2510109 $40,000. Orinda
43 10/22/96 03 296 1 15.00 $650,000.

MI 7.25 2 126990000510110 2356 Hiller Road 90 $37,000. 8/15/11 90 $161000
8/15/96 48324 180 05 4.25 2510110 $37,000. West Bloomfield
38 2/15/97 06 178 1 18.00 $220,000.


SC 12. 2 145990000510111 111 Riverside LN 91 $49,878.08 8/5/11 98 $72092
8/5/96 29334 180 05 3.75 2510111 $50,000. Duncan
49 0 01 178 1 18.00 $125,000.

CA 6.99 2 106990000510112 1085 Happy  91 $25,000. 6/23/21 90 $219200
7/23/96 95129 299 05 2.25 2510112 $25,000. San Jose
40 10/23/96 00 296 1 18.00 $274,000.


CA 11.75 2 106990000510113 285 Via Lind  91 $56,600. 8/1/11 93 $378842
8/1/96 90277 180 05 3.50 2510113 $56,600. Torrence
17 0 06 178 1 18.00 $472,000.






CT 6.99 2 109990000510118 98 Stevenstown  91 $24,750. 7/29/21 90 $123750
7/29/96 06417 300 05 2.75 2510118 $24,750. Deep River
45 10/29/96 06 297 1 18.00 $165,000.

CA 11.5 2 106990000510119 28250 Pacific ST 91 $20,000. 9/4/11 98 $143997
8/7/96 94544 180 05 3.25 2510119 $20,000. Hayward
30 0 06 179 1 15.00 $168,000.



<PAGE>
FL 5.99 2 112990000510120 9216 Day Flower  91 $24,798.46 7/16/21 90 $97583
8/16/96 33647 299 03 2.00 2510120 $28,400. Tampa
21 11/16/96 06 297 1 18.00 $140,000.

CA 7.25 2 106990000510121 Coastlands Road  81 $28,615.2 8/1/21 42 $281250
8/1/96 93920 300 05 0.25 2510121 $50,000. Big Sur
28 2/1/97 02 298 1 18.00 $800,000.


CA 5.99 2 106990000510123 844 Andromeda  91 $30,126.28 7/2/21 90 $242400
8/2/96 94404 299 01 3.25 2510123 $30,300. Foster City
42 11/2/96 00 297 1 18.00 $303,000.

NV 7.25 2 132990000510124 8909 Tavistock  91 $49,609.24 7/15/21 90 $427850
8/15/96 89134 299 03 2.25 2510124 $50,000. Las Vegas
37 2/15/97 06 297 1 18.00 $535,000.


MI 7.25 2 126990000510126 2059 Riverside  90 $64,954.93 8/15/11 90 $207000
8/15/96 48183 180 05 3.25 2510126 $65,000. Trenton
44 2/15/97 01 178 1 18.00 $305,000.

CA 5.99 2 106990000510127 481 Craycroft  91 $31,711.87 8/2/11 95 $172307
8/2/96 94539 180 05 3.75 2510127 $31,900. Fremont
32 11/2/96 02 178 1 18.00 $215,000.


VA 6.99 1 151990000510129 2231 N  81 $99,612.82 7/26/21 40 $0
7/26/96 22207 300 05 1.25 2510129 $100,000. Arlington
38 10/26/96 06 297 1 18.00 $251,000.

WA 7.25 2 153990000510130 5709 Cromwell  81 $19,843.69 7/15/21 58 $95735
8/15/96 98325 299 05 1.00 2510130 $100,000. Gig Harbor
38 2/15/97 06 297 1 18.00 $340,000.


FL 6.99 2 112990000510132 11091 Glenwwod  81 $20,552.67 7/30/21 80 $84000
7/30/96 33065 300 05 1.00 2510132 $20,800. Coral Springs
35 10/30/96 02 298 1 18.00 $131,000.







<PAGE>
CA 6.99 2 106990000510134 153 Sunnyglen  91 $28,981.75 7/26/21 90 $110400
7/26/96 94591 300 05 2.25 2510134 $29,100. Vallejo
41 10/26/96 02 297 1 18.00 $155,000.

CA 6.99 2 106990000510135 16-18 Thomas  81 $10,000. 7/25/21 70 $204847
7/25/96 94901 300 05 1.00 2510135 $30,000. San Rafael
47 10/25/96 02 297 1 18.00 $340,000.


CA 5.99 2 106990000510137 18619 Alexandra  91 $20,200. 8/13/21 90 $107424
8/8/96 95949 300 05 3.25 2510137 $21,100. Grass Valley
39 11/8/96 06 298 1 18.00 $143,000.

MD 6.99 2 124990000510139 717 W  81 $27,295.75 8/2/21 80 $87534
8/2/96 20850 300 05 1.00 2510139 $30,000. Rockville
50 11/2/96 02 298 1 18.00 $148,000.


CO 7.25 2 108990000510140 1450 Dandie Way 91 $15,383.37 7/15/21 90 $397000
8/15/96 80517 299 05 2.00 2510140 $50,000. Estes Park
30 2/15/97 02 297 1 18.00 $500,000.

CA 6.99 2 106990000510141 225 Rutherford  81 $56,205.5 8/1/21 55 $252000
8/1/96 94526 300 05 2.50 2510141 $56,500. Danville
22 11/1/96 02 298 1 18.00 $565,000.


CA 7.25 2 106990000510142 771 Century DR 81 $9,847.67 8/2/21 78 $176000
8/2/96 95008 300 05 0.50 2510142 $10,000. Campbell
43 2/2/97 01 298 1 18.00 $240,000.

CA 7.25 2 106990000510143 8741 Western  91 $35,775.86 7/8/11 95 $135000
8/8/96 90620 179 05 3.75 2510143 $36,000. Buena Park
45 2/8/97 06 177 1 18.00 $180,000.


CA 6.99 2 106990000510144 418 Iowa DR 91 $47,000. 8/5/21 90 $376000
8/5/96 94402 300 05 2.25 2510144 $47,000. San Mateo
34 11/5/96 00 298 1 18.00 $470,000.

CA 7.25 2 106990000510145 3330 Cecil AVE 81 $89,783.5 8/6/11 80 $184881
8/6/96 95117 180 05 1.50 2510145 $91,000. San Jose
47 2/6/97 03 178 1 18.00 $345,000.



<PAGE>
IL 7.25 2 117990000510146 2147 Thornwood 81 $49,109.24 8/15/21 66 $198356
8/15/96 60091 300 05 1.25 2510146 $50,000. Wilmette
24 2/15/97 06 298 1 18.00 $380,000.






VA 6.99 2 151990000510150 13113  91 $35,550. 7/30/21 90 $177750
7/30/96 22033 300 05 2.75 2510150 $35,550. Fairfax
35 10/30/96 00 298 1 18.00 $237,000.

CA 7.25 2 106990000510151 7436 Reche  81 $59,721.78 8/1/21 78 $50000
7/29/96 92324 300 05 1.50 2510151 $60,000. Colton Area
47 2/1/97 00 298 1 18.00 $141,500.


AL 6.99 2 101990000510152 153 Ridgeway RD 90 $100,000. 7/15/11 88 $1000000
7/15/96 02193 180 05 2.25 2510152 $100,000. Weston
40 10/15/96 00 177 1 18.00 $1,250,000.

CA 7.25 2 106990000510153 424 62nd Street 91 $39,782.73 7/1/21 90 $347494
7/31/96 92663 299 03 2.75 2510153 $40,000. Newport Beach
39 1/31/97 02 297 1 18.00 $435,000.


CA 6.99 2 106990000510154 12942 Butterfly  91 $24,616.25 7/2/21 90 $123750
8/2/96 95959 299 05 2.00 2510154 $24,750. Neveda City
44 11/2/96 02 297 1 18.00 $165,000.

GA 7.25 2 113990000510155 1015 Oakhaven  81 $32,634.87 8/2/21 66 $38523
8/2/96 30075 300 05 1.00 2510155 $90,000. Roswell
43 2/2/97 06 298 1 18.00 $195,000.


CA 6.99 2 106990000510156 25085 Eaton LN 81 $9,888.09 7/5/11 73 $195000
8/5/96 92677 179 05 0.50 2510156 $44,800. Laguna Niguel
43 11/5/96 01 177 1 18.00 $330,000.

CA 6.99 2 106990000510157 301 De Fremery  91 $23,393.63 9/1/21 88 $121000
7/15/96 94513 301 05 2.25 2510157 $30,000. Brentwood
43 10/15/96 03 299 1 18.00 $172,500.



<PAGE>
CA 5.99 2 106990000510161 2783 Millbrae  91 $30,000. 6/25/21 86 $140000
7/25/96 95121 299 05 2.25 2510161 $30,000. San Jose
35 10/25/96 00 296 1 15.00 $199,000.

WA 7.25 2 153990000510163 9249 White Fir  81 $45.08 8/5/11 80 $70550
8/5/96 98516 180 05 1.25 2510163 $19,000. Olympia
33 2/5/97 06 178 1 18.00 $112,000.


UT 5.99 2 149990000510165 5572 Edgeberry  81 $6,170.51 7/6/11 61 $83750
8/6/96 84123 179 05 0.50 2510165 $15,000. Murray
36 11/16/96 06 177 1 18.00 $162,000.






UT 5.99 2 149990000510167 3229 E Granite  91 $39,750.98 7/5/11 83 $256000
8/5/96 84092 179 05 2.75 2510167 $40,000. Sandy
32 11/5/96 02 177 1 18.00 $360,000.

CA 5.99 2 106990000510168 475 W Hagler  91 $25,000. 8/1/21 86 $183500
8/1/96 93711 300 05 2.75 2510168 $25,000. Fresno
36 11/1/96 00 298 1 18.00 $245,000.


WA 6.99 2 153990000510171 6020 S Craig RD 91 $18,222.13 7/27/21 90 $91500
7/27/96 99022 300 05 2.25 2510171 $18,300. Medical Lake
45 10/27/96 02 297 1 18.00 $122,000.

CA 7.25 2 106990000510173 1420 E Mariposa  91 $35,527.99 7/12/11 90 $179250
8/12/96 90245 179 05 2.25 2510173 $35,800. El Segundo
31 2/12/97 00 177 1 18.00 $239,000.


CA 6.99 2 106990000510174 1511 S Brentford  81 $74,580.34 7/2/21 51 $97974
8/2/96 91361 299 03 1.50 2510174 $75,000. Westlake Village
35 11/2/96 02 297 1 18.00 $343,000.

UT 5.99 2 149990000510176 8512 4590 W 91 $36,000. 8/7/21 90 $122037
8/7/96 84088 300 05 2.75 2510176 $36,000. West Jordan
38 11/7/96 06 298 1 18.00 $177,000.



<PAGE>
FL 7.25 2 112990000510178 807 Blackgum CT 91 $14,921.5 7/2/21 88 $68398
8/2/96 32825 299 03 2.00 2510178 $15,000. Orlando
29 2/2/97 06 297 1 18.00 $95,000.

NM 5.99 2 135990000510180 10608 Casador  91 $42,000. 7/2/21 95 $83700
8/2/96 87111 299 05 3.25 2510180 $42,000. Albuquerque
44 11/2/96 06 297 1 18.00 $133,000.


CA 7.25 2 106990000510183 20041 Blythe ST 81 $23,387.96 7/6/11 58 $65000
8/6/96 91306 179 05 0.50 2510183 $30,000. Los Angeles
24 2/6/97 02 177 1 18.00 $165,000.

CA 7.25 2 106990000510187 12916 Polvera  91 $30,683.08 7/18/21 90 $584000
7/18/96 92128 300 03 2.75 2510187 $73,000. San Diego
38 1/18/97 00 297 1 18.00 $735,000.


AZ 7.25 2 104990000510188 4902 N Paseo  81 $39,000. 6/30/21 78 $130495
7/31/96 85750 299 03 1.00 2510188 $39,000. Tucson
34 1/31/97 06 297 1 18.00 $218,000.






CA 7.25 2 106990000510190 8261 Country  90 $85,000. 7/25/11 92 $382500
7/25/96 95662 180 03 3.50 2510190 $85,000. Orangevale
25 1/25/97 06 177 1 18.00 $510,000.

CA 6.99 2 106990000510209 10 Mission Bay  91 $99,497.91 7/1/21 85 $500000
7/19/96 92625 299 03 2.75 2510209 $100,000. Corona Del Mar
36 10/1/96 00 297 1 18.00 $710,000.


UT 5.99 2 149990000510212 1208 W Crystal  91 $13,278.88 8/8/21 90 $97000
8/8/96 84123 300 05 2.25 2510212 $28,000. Murray
42 11/8/96 02 298 1 18.00 $140,000.

CA 7.25 2 106990000510213 1670 Amarelle  91 $38,000. 7/1/21 90 $303500
7/9/96 91320 299 03 2.75 2510213 $38,000. Thousand Oaks
46 1/1/97 00 297 1 18.00 $379,497.



<PAGE>
CA 5.99 2 106990000510222 223 Irving ST 81 $59,636.31 7/31/21 80 $472810
7/31/96 94402 300 05 1.00 2510222 $60,000. San Mateo
40 10/31/96 06 298 1 18.00 $670,000.

UT 5.99 2 149990000510231 2003 E 6225  91 $6,120.34 7/6/21 90 $231750
8/6/96 84403 299 05 2.25 2510231 $46,000. Ogden
48 11/6/96 02 297 1 18.00 $309,000.


OR 7.25 2 141990000510233 11748 SE Bush  91 $32,197.29 7/16/11 95 $73686
8/16/96 97266 179 05 4.25 2510233 $36,500. Portland
50 2/16/97 06 177 1 18.00 $116,000.

UT 7.25 2 149990000510234 3662 E Kaibab  91 $21,499.3 6/30/11 90 $163113
7/30/96 84109 179 05 2.25 2510234 $24,000. Salt Lake
43 1/30/97 06 177 1 18.00 $208,000.


CA 7.25 2 106990000510236 16780 Calle De  91 $30,144.93 8/7/21 90 $519150
8/7/96 90272 300 03 2.75 2510236 $64,900. Los Angeles
39 2/7/97 00 298 1 18.00 $649,100.

UT 7.25 2 149990000510237 3315 W Brett  91 $30,000. 6/30/11 92 $62544
7/31/96 84119 179 05 3.75 2510237 $40,000. West Valley City
45 1/31/97 06 177 1 18.00 $112,000.


UT 6.99 2 149990000510238 198 E 1300 N 81 $36,306.62 8/8/21 80 $72360
8/8/96 84043 300 05 1.00 2510238 $39,000. Lehi
33 11/8/96 06 298 1 18.00 $140,000.






UT 5.99 2 149990000510240 5526 W 10080  91 $23,116.7 7/6/21 90 $116250
8/6/96 84003 299 05 2.25 2510240 $23,250. Highland
40 11/6/96 00 297 1 18.00 $155,000.

WA 6.99 2 153990000510243 822 E Sierra AVE 91 $29,705.84 7/29/21 90 $60123
7/29/96 99208 300 05 2.75 2510243 $29,850. Spokane
31 10/29/96 06 297 1 18.00 $100,000.



<PAGE>
UT 7.25 2 149990000510245 12843 S 1980  81 $20,000. 7/1/21 72 $79823
8/1/96 84065 299 05 0.50 2510245 $20,000. Riverton
25 2/1/97 02 297 1 18.00 $140,000.

CA 6.99 2 106990000510246 220 Headlands CT 91 $7,665.15 7/31/21 85 $201600
7/31/96 94965 300 01 2.25 2510246 $12,600. Sausalito
41 10/31/96 00 298 1 18.00 $252,000.


CA 6.99 2 106990000510250 2234 Mulberry ST 91 $1,924.51 7/24/21 86 $52500
7/24/96 95928 300 05 2.25 2510250 $10,500. Chico
43 10/24/96 06 297 1 18.00 $74,000.

CA 6.99 2 106990000510251 1850 Ridgewood  91 $22,871.3 8/1/21 90 $215208
8/1/96 93012 300 05 2.75 2510251 $23,000. Camarillo
37 11/1/96 06 298 1 18.00 $265,000.


CA 5.99 2 106990000510252 1320 Carlton  91 $20,000. 8/5/21 90 $133000
8/5/96 94025 300 05 2.25 2510252 $20,000. Menlo Park
39 11/5/96 06 298 1 18.00 $170,000.

NM 5.99 2 135990000510253 337 General  81 $4,500. 6/30/21 80 $55104
7/31/96 87123 299 05 0.50 2510253 $10,000. Albuquerque
23 10/31/96 06 297 1 18.00 $82,000.


CA 7.25 2 106990000510255 1812 Shaded  81 $52,720. 5/21/21 80 $164791
6/21/96 91789 299 05 1.00 2510255 $75,000. Diamond Bar
29 12/21/96 06 295 1 18.00 $301,000.

CA 12. 2 106990000510258 7 Cloverdale 91 $27,732.21 7/2/11 92 $247102
8/2/96 92688 179 03 3.75 2510258 $27,800. Las Flores Area
32 0 02 177 1 18.00 $300,000.


CO 7.25 2 108990000510268 34080 Goldenrod  91 $17,550. 8/21/21 90 $88450
8/21/96 80117 300 05 2.75 2510268 $17,550. Kiowa
33 2/21/97 00 298 1 18.00 $117,950.







<PAGE>
VA 12. 2 151990000510270 5521 NEWHALL  92 $21,000. 7/12/11 100 $218869
7/12/96 22020 180 03 3.75 2510270 $21,000. CENTREVILLE
45 0 06 177 1 18.00 $240,000.

CA 5.99 2 106990000510282 791 Pacheco  81 $36,466.61 9/1/21 80 $256700
8/14/96 95035 300 05 0.50 2510282 $36,900. Milpitas
37 11/14/96 03 299 1 18.00 $367,000.


OR 5.99 2 141990000510286 3234 SE Ankeny  81 $74,373.08 7/13/21 80 $100000
8/13/96 97214 299 05 2.00 2510286 $75,000. Portland
50 11/13/96 06 297 1 18.00 $220,000.

CA 7.25 2 106990000510291 5465 Round  81 $42,000. 8/14/11 72 $295800
8/14/96 91302 180 05 1.50 2510291 $42,000. Hidden Hills
33 2/14/97 00 178 1 18.00 $475,000.


CA 5.99 2 106990000510292 15700 Pico Street 91 $36,800. 7/15/11 95 $170300
8/15/96 92508 179 05 3.75 2510292 $36,800. Riverside
42 11/15/96 02 177 1 15.00 $218,000.

CA 5.99 2 106990000510293 2569 Cordelia  91 $68,500. 9/4/21 90 $564000
9/4/96 90049 300 05 2.75 2510293 $70,500. Los Angeles
29 12/4/96 00 299 1 15.00 $705,000.


MA 6.99 2 125990000510299 57 LAKEVIEW  81 $75,000. 7/2/21 18 $82393
8/2/96 02138 299 05 0.50 2510299 $100,000. CAMBRIDGE
19 11/2/96 06 297 1 18.00 $1,050,000.

CO 7.25 2 108990000510302 2728 N County  81 $25,665.96 8/16/21 51 $52909
8/16/96 80512 300 05 0.25 2510302 $50,000. Bellvue
29 2/16/97 03 298 1 18.00 $205,000.


VA 7.25 2 151990000510307 1658 Wild Pine  91 $55,700. 8/5/21 90 $279400
7/31/96 20190 300 03 3.25 2510307 $64,900. Reston
33 1/31/97 06 298 1 18.00 $385,000.

CA 5.99 2 106990000510311 12271 Laurel  91 $33,760.43 8/12/21 90 $272000
8/12/96 91604 300 05 2.25 2510311 $34,000. Los Angeles
32 11/12/96 00 298 1 18.00 $340,000.



<PAGE>
UT 5.99 2 149990000510312 5748 S Garner ST 91 $21,116.41 8/13/11 95 $97397
8/8/96 84118 180 05 4.25 2510312 $21,300. Salt Lake City
50 11/8/96 02 178 1 18.00 $125,000.






WA 5.99 2 153990000510313 8620 173rd AVE  80 $47,818.52 8/9/11 75 $73314
8/9/96 98052 180 05 0.25 2510313 $60,000. REDMOND
31 11/9/96 06 178 1 18.00 $180,000.

OR 5.99 2 141990000510326 3073 Timothy  91 $49,573.84 7/16/21 88 $86883
8/16/96 97304 299 05 2.25 2510326 $50,000. Salem
36 11/16/96 06 297 1 18.00 $156,500.


MD 7.25 2 124990000510327 1735 German  91 $49,728.42 8/9/21 85 $65397
8/5/96 20678 300 05 2.25 2510327 $50,000. Prince Frederick
30 2/5/97 02 298 1 18.00 $136,000.

CA 7.25 2 106990000510330 1520 N Sierra  91 $42,766.44 7/1/21 89 $260000
8/1/96 90046 299 05 2.75 2510330 $43,000. Los Angeles
44 2/1/97 06 297 1 18.00 $344,000.


CA 6.99 2 106990000510331 33832 Diana  91 $59,618.31 7/2/21 90 $180825
8/2/96 92629 299 05 3.75 2510331 $60,000. Dana Point
41 11/2/96 02 297 1 18.00 $270,000.

NY 6.99 2 136990000510332 9 Lakeview DR 91 $37,754.99 7/17/21 90 $189000
7/17/96 10604 300 05 0.50 2510332 $37,800. White Plains
33 10/17/96 00 297 1 18.00 $252,000.


CA 7.25 2 106990000510333 45854 Bridgeport  91 $55,000. 9/1/21 84 $355060
8/9/96 94539 300 05 3.25 2510333 $55,000. Fremont
50 2/9/97 06 299 1 18.00 $494,000.

UT 5.99 2 149990000510336 8092 W Breeze  91 $37,676.12 7/19/11 95 $59356
8/19/96 84044 179 05 3.25 2510336 $38,000. Magna
45 11/19/96 06 177 1 18.00 $103,000.



<PAGE>
CA 7.25 2 106990000510337 24 Hillside  91 $75,985.03 7/1/21 90 $611200
8/1/96 94941 299 05 2.75 2510337 $76,400. Mill Valley
43 2/1/97 00 297 1 18.00 $764,000.

CA 6.99 2 106990000510338 136 Corral CIR 91 $31,500. 8/1/21 90 $252000
8/1/96 94583 300 03 3.75 2510338 $31,500. San Ramon
40 11/1/96 03 298 1 15.00 $316,000.


OR 7.25 2 141990000510339 607 NE Country  81 $15,832.13 7/19/21 80 $76490
8/19/96 97030 299 05 0.50 2510339 $32,300. Gresham
38 2/19/97 06 297 1 18.00 $136,000.






CA 11.5 2 106990000510341 3117 Heather  92 $17,069.07 7/30/11 100 $132878
7/30/96 95136 180 01 3.25 2510341 $17,100. San Jose
40 0 02 178 1 18.00 $150,000.

CA 12.5 2 106990000510342 505 North Del  91 $19,837.3 7/7/11 90 $159200
8/7/96 91775 179 05 4.25 2510342 $19,900. San Gabriel
46 0 00 177 1 18.00 $199,000.


CA 6.99 2 106990000510344 28102 El  91 $17,906.17 7/1/21 86 $123350
8/1/96 92677 299 01 2.75 2510344 $18,000. Laguna Niquel
45 11/1/96 06 297 1 18.00 $164,500.

VA 5.99 2 151990000510346 10203 W River  81 $27,843.82 7/31/21 76 $122000
7/31/96 23803 300 05 1.00 2510346 $30,000. Petersburg
39 10/31/96 06 298 1 18.00 $200,000.


CA 6.99 2 106990000510347 1860 Havenwood  91 $30,850.29 7/2/21 90 $248000
8/2/96 91360 299 05 3.25 2510347 $31,000. Thousand Oaks
51 11/2/96 00 297 1 18.00 $310,000.


CA 7.25 2 106990000510355 10564 Lindbrook  91 $34,809.89 6/25/21 90 $602000
7/25/96 90024 299 05 3.25 2510355 Beverly Hills $75,200.
49 1/25/97 18.00 00 296 1 $752,500.


<PAGE>
MD 7.25 1 124990000510356 2465 Hallowing  81 $49,728.42 8/9/21 47 $0
8/5/96 20610 300 05 0.25 2510356 Barstow $50,000.
28 2/5/97 18.00 02 298 1 $107,500.


CA 7.25 2 106990000510359 1234 Laurel LN 81 $9,500. 7/14/21 80 $348000
8/14/96 94549 299 05 1.00 2510359 Layfayette $24,000.
50 2/14/97 18.00 06 297 1 $465,000.

CA 7.25 2 106990000510361 12231 Saldana  91 $72,791.19 7/1/21 85 $159000
8/1/96 95693 299 05 3.25 2510361 Wilton $73,300.
50 2/1/97 18.00 02 297 1 $275,000.


CA 7.25 2 106990000510366 4402 Arrowwood  91 $22,969.29 7/31/21 90 $185200
7/26/96 94521 300 03 2.00 2510366 Concord $23,100.
23 1/26/97 18.00 00 298 1 $231,500.

CA 7.25 2 106990000510368 4521 Alla RD 91 $19,875.47 8/9/21 90 $160000
8/9/96 90292 300 01 2.25 2510368 Marina Del Rey  $20,000.
33 2/9/97 18.00 00 298 1 $200,000.


NJ 12.5 2 134990000510369 333 10th AVE 91 $14,778.63 7/16/11 95 $61923
8/16/96 08021 179 05 4.25 2510369 Lindenwold $17,877.
49 0 18.00 02 177 1 $84,000.

ID 7.25 2 116990000510370 1875 East  91 $22,083.83 8/2/11 95 $83250
8/2/96 83642 180 05 3.75 2510370 Meridian $22,200.
29 2/2/97 18.00 00 178 1 $111,000.


NJ 5.99 2 134990000510371 411 New Market  91 $19,836.1 7/16/21 82 $112666
8/16/96 07080 299 10 2.75 2510371 South Plainfield $20,000.
37 11/16/96 18.00 06 297 1 $162,000.

CA 8.25 2 106990000510373 12861 Quito Road 81 $20,975.79 4/24/21 80 $185000
5/24/96 95070 299 05 2.25 2510373 Saratoga $38,950.
41 8/24/96 18.00 03 294 1 $280,000.


CO 5.99 2 108990000510376 40 Woodman CT 91 $65,000. 7/21/21 84 $270750
8/21/96 80919 299 05 4.00 2510376 Colorado Springs $65,000.
41 11/21/96 18.00 00 297 1 $400,000.


<PAGE>




CA 7.25 2 106990000510378 1101 Coolidge  81 $40,129.29 6/26/11 73 $261000
7/26/96 95112 179 05 0.50 2510378 San Jose $50,000.
45 1/26/97 18.00 02 176 1 $430,000.

CA 5.99 2 106990000510394 528 Norfolk PL 91 $36,413.33 8/7/21 90 $293200
8/7/96 94506 300 03 2.25 2510394 Danville $36,650.
31 11/7/96 18.00 00 298 1 $366,500.


CA 5.99 2 106990000510395 64 Frustuck AVE 91 $62,879.15 7/2/21 90 $319272
8/2/96 94930 299 05 3.25 2510395 Fairfax $63,200.
39 11/2/96 18.00 06 297 1 $425,000.

CA 5.99 2 106990000510396 3424 Madrona DR 91 $34,296.54 8/3/21 90 $276000
8/3/96 93105 300 05 2.75 2510396 Santa Barbara $34,500.
50 11/3/96 18.00 00 298 1 $345,000.


CA 7.25 2 106990000510397 1206 W Highland  81 $24,839.38 8/7/11 75 $73273
8/7/96 92703 180 05 1.25 2510397 Santa Ana $26,000.
38 2/7/97 18.00 06 178 1 $133,000.

CA 5.99 2 106990000510398 1822 Nason ST 91 $29,067.9 8/6/21 90 $146250
8/6/96 94501 300 05 2.25 2510398 Alameda $29,250.
31 11/6/96 18.00 00 298 1 $195,000.


NV 6.99 2 132990000510409 6126 Wittig AVE 91 $18,730.81 6/25/11 95 $142338
7/25/96 89131 179 05 3.50 2510409 Las Vegas $24,800.
28 10/25/96 18.00 02 176 1 $176,000.

MI 13.25 2 126990000510414 682 E Fox Hills  91 $24,800. 8/23/11 98 $52801
8/23/96 48304 180 01 5.00 2510414 Bloomfield Hills $24,800.
23 0 18.00 06 178 1 $80,000.


CA 5.99 2 106990000510416 4375 25th ST 91 $41,650. 8/5/11 93 $341889
8/5/96 94114 180 01 3.75 2510416 San Francisco $41,650.
40 11/5/96 18.00 06 178 1 $416,500.

CA 6.99 2 106990000510417 4533 Grimes PL 91 $48,875.96 6/22/11 95 $263000

<PAGE>
7/22/96 91316 179 05 3.75 2510417 Los Angeles $49,000.
36 10/22/96 18.00 00 176 1 $329,050.


CA 12. 2 106990000510422 1971 Jan Marie  92 $31,281.39 8/8/11 100 $155328
8/8/96 92680 180 05 3.75 2510422 Tustin $31,600.
45 0 18.00 06 178 1 $187,000.






CA 6.99 2 106990000510423 285 Eureka DR 91 $53,500. 6/30/21 90 $428000
7/30/96 92315 299 05 2.75 2510423 Big Bear Lake $53,500.
40 10/30/96 15.00 00 297 1 $540,000.

NM 5.99 2 135990000510424 5716 Carrick ST  81 $9,892.66 7/1/21 75 $71636
8/1/96 87120 299 05 0.50 2510424 Albuquerque $10,000.
32 11/1/96 18.00 03 297 1 $110,000.


UT 5.99 2 149990000510430 1068 W Walden  91 $35,000. 8/9/11 95 $131250
8/9/96 84123 180 05 2.75 2510430 Murray $35,000.
44 11/9/96 18.00 02 178 1 $175,000.

CA 5.99 2 106990000510432 344 Kelly AVE 91 $14,676.28 7/19/21 85 $237600
8/19/96 94019 299 05 2.75 2510432 Half Moon Bay $14,800.
22 11/19/96 18.00 00 297 1 $297,000.


IL 7.25 2 117990000510436 2230 N Orchard 91 $12,500. 8/19/21 89 $114000
8/19/96 60614 300 01 2.25 2510436 Chicago $12,500.
43 2/20/97 18.00 06 298 1 $142,500.

CA 5.99 2 106990000510438 696 Serenade  91 $31,774.52 8/5/21 86 $104036
8/5/96 95111 300 05 2.25 2510438 San Jose $32,000.
42 11/5/96 18.00 03 298 1 $160,000.


CA 6.99 2 106990000510440 11972 Wood  91 $53,159.66 8/13/21 90 $428000
8/13/96 91344 300 03 3.25 2510440 Granada Hills $53,500.
42 11/13/96 18.00 00 298 1 $535,000.

CA 6.99 2 106990000510441 2020 W Arbor  91 $28,500. 6/30/21 90 $115177

<PAGE>
7/30/96 92668 299 05 3.25 2510441 Orange $28,500.
48 10/30/96 18.00 03 297 1 $161,000.


CA 6.99 2 106990000510442 3348 Stallo AVE 81 $49,758.53 7/25/11 58 $38653
7/25/96 91770 180 05 1.25 2510442 Rosemead $50,000.
40 10/25/96 18.00 06 177 1 $155,000.

CA 7.25 2 106990000510443 1350 Ada Street 91 $8,886.3 6/30/21 90 $255200
7/31/96 94702 299 05 2.75 2510443 Berkeley $31,900.
35 1/31/97 18.00 00 297 1 $319,000.


UT 7.25 2 149990000510446 9110 S 1500 W 91 $29,869.57 8/6/11 95 $80486
8/6/96 84088 180 05 3.75 2510446 West Jordan $30,100.
33 2/6/97 18.00 02 178 1 $116,500.






MA 7.25 2 125990000510451 271 Dartmouth ST 91 $16,000. 7/26/21 87 $114000
7/26/96 02116 300 01 2.25 2510451 Boston $17,000.
19 2/1/97 18.00 01 297 1 $152,000.

CA 12. 2 106990000510452 7936 E  91 $35,511.26 7/8/11 95 $225543
8/8/96 92669 179 05 3.75 2510452 Orange $35,700.
45 0 18.00 02 177 1 $275,000.


CA 5.99 1 106990000510453 7211 N Marina  81 $12,889.2 7/19/21 23 $0
8/19/96 90803 299 02 0.25 2510453 Long Beach $13,000.
28 11/19/96 18.00 00 297 1 $57,000.

UT 11.5 2 149990000510454 123 S 1200 E 91 $62,965.47 7/29/11 90 $207000
7/29/96 84102 180 05 3.25 2510454 Salt Lake $63,000.
41 0 18.00 02 177 1 $300,000.


AZ 7.25 2 104990000510456 5331 E Claire DR 81 $48,089.04 8/14/21 80 $75504
8/9/96 85254 300 05 1.00 2510456 Scottsdale $48,400.
42 2/9/97 18.00 02 298 1 $155,000.

CA 5.99 2 106990000510457 53970 Avenida  81 $16,363. 8/7/11 51 $90400

<PAGE>
8/7/96 92253 180 05 1.00 2510457 La Quinta $18,000.
39 11/7/96 18.00 06 178 1 $215,000.


CO 11.5 2 108990000510458 10954 W 100th  92 $36,500. 6/30/11 100 $172713
7/30/96 80021 179 05 3.25 2510458 Westminster $36,500.
45 0 18.00 02 177 1 $210,000.

CA 6.99 2 106990000510459 5814 East Crater  91 $37,836.17 7/5/21 90 $191250
8/5/96 92667 299 05 2.75 2510459 Orange $38,250.
36 11/5/96 18.00 06 297 1 $255,000.


CA 6.99 2 106990000510460 829 Hillsdale  81 $34,350. 8/7/21 80 $189000
8/7/96 95136 300 10 1.00 2510460 San Jose $34,350.
38 11/7/96 18.00 03 298 1 $280,000.

CA 6.99 2 106990000510461 350 Floribel AVE 91 $35,320.11 7/19/21 90 $284000
7/19/96 94960 300 05 2.25 2510461 San Anselmo $35,500.
38 10/19/96 18.00 00 297 1 $355,000.


CA 7.25 2 106990000510464 4520 Campobello  91 $35,953.04 8/13/21 90 $290000
8/13/96 92130 300 05 2.25 2510464 San Diego $36,200.
41 2/13/97 18.00 00 298 1 $362,500.






CA 5.99 2 106990000510465 1082 McGowan  81 $29,015.08 7/2/11 50 $24205
8/2/96 93905 179 05 1.00 2510465 Salinas $50,000.
39 11/2/96 18.00 06 177 1 $150,000.

CA 5.99 2 106990000510466 2223 Freshwater  91 $30,735.78 9/1/21 90 $155000
8/16/96 94553 300 03 2.25 2510466 Martinez $31,000.
35 11/16/96 18.00 06 299 1 $207,000.


CA 6.99 2 106990000510467 25254 El Dorado  91 $198,651.12 8/15/21 83 $1000000
8/15/96 ****** 300 05 2.00 2510467 Hidden Hills $200,000.
29 11/15/96 18.00 00 298 1 $1,450,000.

CA 5.99 2 106990000510468 20659 Deodar DR 91 $20,972.99 7/16/21 87 $286316

<PAGE>
8/16/96 92686 299 05 2.00 2510468 Yorba Linda $42,000.
21 11/16/96 18.00 06 297 1 $380,000.


UT 6.99 1 149990000510469 946 E Galena DR 25 $22,000. 7/19/11 74 $0
7/19/96 84094 180 05 0.50 2510469 Sandy $22,000.
37 10/19/96 18.00 06 177 1 $124,500.

CA 7.25 2 106990000510471 530 Olive ST 81 $32,781.43 8/2/21 80 $88279
8/2/96 96140 300 05 0.50 2510471 Carnelian Bay $33,000.
42 2/2/97 18.00 06 298 1 $152,500.


CA 7.25 2 106990000510473 12 Scrub Oak 91 $36,141. 7/1/11 95 $192750
8/1/96 92656 179 03 3.25 2510473 Aliso Viejo Area $36,141.
41 2/1/97 15.00 00 177 1 $240,942.

CA 12. 2 106990000510474 24 Indian Pipe 91 $99,392.59 7/1/11 87 $399489
8/1/96 92679 179 03 3.75 2510474 Dove Canyon  $99,800.
29 0 18.00 03 177 1 $580,000.


CA 6.99 2 106990000510476 745 Lachman LN 81 $198,919.23 8/1/21 79 $293511
8/1/96 90272 300 05 1.75 2510476 Los  Angeles $200,000.
37 11/1/96 18.00 06 298 1 $625,000.

UT 7.25 2 149990000510477 5901 S Sunrise  81 $21,157. 7/1/11 67 $66002
8/1/96 84118 179 05 2.75 2510477 Salt Lake City $30,000.
49 2/1/97 18.00 02 177 1 $144,500.


CA 7.25 2 106990000510478 2876 Ascot DR 81 $51,758.87 6/29/11 79 $286586
7/29/96 94583 179 05 1.50 2510478 San Ramon $52,000.
37 1/29/97 18.00 06 176 1 $430,000.






CA 6.99 2 106990000510479 3791 G Parkway 91 $16,800. 8/2/21 90 $84000
8/2/96 95823 300 05 2.00 2510479 Sacramento $16,800.
20 11/2/96 18.00 02 298 1 $112,000.

WA 12. 2 153990000510480 7047 21st AVE  91 $62,000. 6/30/11 99 $126764

<PAGE>
7/30/96 98115 179 05 3.75 2510480 Seattle $62,000.
45 0 18.00 02 177 1 $192,000.


CA 7.25 2 106990000510481 1434 Stearns DR 91 $19,375.7 6/17/11 90 $156000
7/17/96 90035 179 05 2.25 2510481 Los Angeles $19,500.
27 1/17/97 18.00 00 176 1 $195,000.

WA 12. 2 153990000510482 2011 70th PL NE 91 $32,100. 7/1/11 97 $86718
7/31/96 98271 179 05 3.75 2510482 Marysville $32,100.
50 0 18.00 02 177 1 $123,000.


CA 6.99 2 106990000510483 512 S Orchard DR 91 $23,467.71 6/30/21 90 $189600
7/30/96 91506 299 05 3.75 2510483 Burbank $23,700.
44 10/30/96 18.00 00 297 1 $237,000.

NV 7.25 2 132990000510485 2411 Millcroft DR 81 $37,755.86 7/5/11 80 $80764
8/5/96 89014 179 05 1.00 2510485 Henderson $38,000.
39 2/5/97 18.00 02 177 1 $150,000.


MA 7.25 2 125990000510486 38 Sexton AVE 91 $15,000. 8/27/21 90 $162000
8/27/96 02090 300 05 2.75 2510486 Westwood $45,000.
32 2/27/97 18.00 06 298 1 $230,000.

CA 5.99 2 106990000510491 351 W 41st  91 $28,830.91 7/2/21 90 $312800
8/2/96 94403 299 05 2.25 2510491 San Mateo $39,100.
33 11/3/96 18.00 00 297 1 $391,000.


IL 7.25 2 117990000510492 2 S 669 Vendome 91 $51,851.99 8/19/21 85 $253000
8/19/96 60521 300 05 2.75 2510492 Oak Brook $100,000.
35 2/20/97 18.00 01 298 1 $420,000.

CA 5.99 2 106990000510493 3437 Withersed  81 $57,552.67 7/8/21 76 $207000
8/8/96 94598 299 05 1.00 2510493 Walnut Creek $65,000.
41 11/8/96 18.00 00 297 1 $360,000.


CO 5.99 2 108990000510494 5565 Jason RD 91 $14,854.95 7/31/11 95 $157817
7/31/96 80908 180 05 3.75 2510494 Colorado Springs $26,750.
39 10/31/96 18.00 02 178 1 $195,000.



<PAGE>



NY 6.99 2 136990000510496 111 Stieg AVE 81 $14,907.45 8/6/21 21 $34770
8/6/96 10838 300 10 0.50 2510496 Staten Island $15,000.
24 11/6/96 18.00 06 298 1 $245,000.

OR 12. 2 141990000510498 20851 SE  92 $29,877.53 7/9/11 100 $128616
8/9/96 97009 179 05 3.75 2510498 Boring $45,000.
32 0 18.00 03 177 1 $175,000.


CA 7.25 2 106990000510502 79290 Spalding  91 $15,700. 7/6/21 87 $78750
8/6/96 92201 299 05 3.25 2510502 Bermuda Dunes $15,700.
50 2/7/97 18.00 00 297 1 $109,000.

CA 5.99 2 106990000510504 308 Glenwood  81 $29,044.3 7/20/21 80 $457500
8/20/96 94062 299 05 0.50 2510504 Woodside $30,000.
38 11/20/96 18.00 01 297 1 $610,000.


CA 7.25 2 106990000510506 4174 6th AVE 81 $5,425.12 6/30/21 75 $93000
7/30/96 90008 299 05 1.00 2510506 Los Angeles $23,200.
25 1/31/97 18.00 03 297 1 $155,000.

WA 7.25 2 153990000510508 4224 35th AVE  81 $40,124.17 7/14/21 80 $95514
8/14/96 98335 299 05 1.00 2510508 Gig Harbour $70,000.
44 2/14/97 18.00 06 297 1 $207,000.


MD 6.99 2 124990000510510 385 Porter Drive 91 $22,115.3 7/31/21 84 $169900
7/31/96 20659 300 05 0.50 2510510 Mechanicsville $22,300.
34 10/31/96 18.00 06 298 1 $230,000.

FL 7.25 2 112990000510513 241 39th AVE NE 91 $16,066.96 7/16/11 95 $61599
8/16/96 33964 179 05 4.25 2510513 Naples $16,200.
50 2/16/97 18.00 06 177 1 $82,000.


OR 5.99 2 141990000510515 12093 SE Masa  91 $47,716.93 8/1/21 90 $240000
8/1/96 97236 300 05 2.00 2510515 Portland $48,000.
23 11/1/96 18.00 00 298 1 $320,000.

ID 7.25 2 116990000510517 2085 Ridgeview  91 $9,686.28 7/19/21 90 $76935
8/19/96 83854 299 05 2.25 2510517 Post Falls $12,000.

<PAGE>
42 2/19/97 18.00 06 297 1 $99,000.


MI 7.25 2 126990000510518 5359 Wakefield 90 $15,000. 8/22/11 87 $97000
8/22/96 48439 180 05 3.25 2510518 Grand Blanc $15,000.
46 2/22/97 18.00 06 178 1 $130,000.






MA 7.25 2 125990000510520 45 Mount Vernon  90 $36,500. 7/15/11 90 $292000
7/15/96 02108 180 01 2.25 2510520 Boston $36,500.
36 1/15/97 18.00 00 177 1 $365,000.

CA 5.99 2 106990000510521 149 Avenida  91 $29,250. 8/1/21 90 $146250
8/1/96 92672 300 05 2.25 2510521 San Clemente $29,250.
32 11/1/96 15.00 02 298 1 $195,000.


CA 5.99 2 106990000510527 1152 Limeridge  91 $58,001.4 9/1/21 90 $207000
8/2/96 94518 300 03 2.25 2510527 Concord $58,500.
37 11/2/96 18.00 06 299 1 $295,000.

GA 7.25 2 113990000510528 5411 Quarters  91 $28,000. 7/5/21 90 $79997
8/5/96 30073 299 05 2.25 2510528 Powder Springs $28,000.
44 2/5/97 18.00 02 297 1 $121,000.


CA 5.99 2 106990000510529 14138 Crescenta  81 $12,227.46 8/1/21 76 $115000
8/1/96 91739 300 05 0.50 2510529 Rancho  $30,000.
45 11/1/96 18.00 00 298 1 $192,000.

OR 5.99 2 141990000510532 6186 Orchard  81 $57,113.72 8/5/21 75 $130000
8/5/96 97304 300 05 0.75 2510532 Salem $57,500.
16 11/5/96 18.00 02 298 1 $250,000.


CO 6.99 2 108990000510533 403 Echo LN 91 $15,841.11 6/25/21 82 $81280
7/25/96 80904 299 05 2.75 2510533 Colorado Springs $16,000.
44 10/25/96 18.00 06 296 1 $120,000.

CA 5.99 2 106990000510535 563 E L Street 91 $35,559.5 8/6/21 90 $121675
8/6/96 94510 300 05 2.25 2510535 Benicia $35,800.

<PAGE>
39 11/6/96 18.00 06 298 1 $175,000.


OH 7.25 2 139990000510536 699 Collingwood  91 $29,300. 7/6/21 90 $234400
8/6/96 43081 299 05 2.75 2510536 Westerville $29,300.
50 2/7/97 18.00 00 297 1 $293,000.

SC 6.99 2 145990000510538 304 Ashley Street 91 $29,500. 7/26/21 90 $29000
7/26/96 29340 300 05 2.75 2510538 Gaffney $29,500.
38 10/26/96 18.00 02 297 1 $65,000.


CA 7.25 2 106990000510539 11225 Broadview  91 $39,400.64 7/2/21 85 $297000
8/2/96 93021 299 03 3.25 2510539 Moorpark $39,600.
46 2/3/97 18.00 00 297 1 $396,000.






CA 7.25 2 106990000510542 1930 Kapalua DR 91 $35,621.56 7/13/21 90 $180000
8/13/96 93030 299 05 2.75 2510542 Oxnard $36,000.
44 2/13/97 18.00 00 297 1 $240,000.

MD 5.99 2 124990000510544 4528 39th PL 91 $6,800. 8/14/21 90 $105000
8/9/96 20722 300 05 2.25 2510544 Brentwood $21,000.
43 11/9/96 18.00 02 298 1 $140,000.


CO 6.99 2 108990000510548 17850  91 $11,774.65 6/17/21 90 $93000
7/17/96 80831 299 05 3.00 2510548 Peyton $11,800.
30 10/17/96 18.00 06 296 1 $116,500.

CA 7.25 2 106990000510550 529 Momouth CT 91 $31,788.05 7/7/21 90 $400000
8/7/96 94598 299 05 3.25 2510550 Walnut Creek $32,000.
50 2/7/97 18.00 06 297 1 $480,000.


DE 7.25 2 110990000510551 23 Wardor AVE 81 $60,000. 7/2/21 76 $4732
8/2/96 19720 299 05 0.50 2510551 New Castle $60,000.
19 2/2/97 18.00 06 297 1 $86,000.

CA 9.75 2 106910000510552 7640 Forest  91 $75,660.88 7/19/21 76 $90050
8/19/96 96140 299 05 1.50 2510552 Kings Beach $80,000.

<PAGE>
45 0 18.00 06 297 1 $226,000.


MI 7.25 2 126990000510555 16029 Madoline  90 $9,604.59 8/19/11 90 $110000
8/19/96 48025 180 05 3.25 2510555 Beverly Hills $15,000.
36 2/19/97 18.00 06 178 1 $140,000.

CA 7.25 2 106990000510556 1287 Nieves CT 91 $43,708.57 7/6/21 85 $222177
8/6/96 95035 299 05 1.50 2510556 Milpitas $44,000.
45 2/6/97 18.00 02 297 1 $314,000.


CA 5.99 2 106990000510557 1136 Scenic  81 $17,701.91 8/6/21 76 $97260
8/6/96 91784 300 03 0.50 2510557 Upland $30,000.
48 11/6/96 18.00 06 298 1 $168,000.

CA 5.99 2 106990000510558 5463 Marine  91 $9,882.82 8/1/21 90 $177483
8/1/96 90250 300 01 2.25 2510558 Hawthorne $21,200.
33 11/1/96 18.00 06 298 1 $221,000.


CO 7.25 2 108990000510559 1506 Red Sky CT 81 $60,095.34 8/20/21 75 $253000
8/20/96 80525 300 05 0.75 2510559 Fort Collins $80,000.
30 2/21/97 18.00 06 298 1 $445,000.






OR 5.99 2 141990000510561 22362 S Grape  81 $22,188.72 8/2/11 67 $122000
8/2/96 97068 180 05 1.25 2510561 West Linn $50,000.
40 11/2/96 18.00 02 178 1 $260,000.

OR 7.25 2 141990000510564 9994 NW Ash ST 91 $79,500. 7/7/21 90 $207000
8/6/96 97229 299 05 2.75 2510564 Portland $79,500.
27 2/8/97 18.00 00 297 1 $318,350.


MI 7.25 2 126990000510581 6290 Commerce  90 $34,000. 8/21/11 90 $272000
8/21/96 48324 180 05 3.25 2510581 West Bloomfield $34,000.
12 2/21/97 18.00 06 178 1 $340,000.

GA 6.99 2 113990000510582 12135 Helleri  91 $44,825.76 7/30/21 90 $360000
7/31/96 30202 299 03 2.25 2510582 Alpharetta $45,000.

<PAGE>
40 10/31/96 18.00 00 298 1 $450,000.


CA 6.99 2 106990000510584 736 Lois AVE 91 $30,300.27 7/7/21 90 $246400
8/7/96 94087 299 05 2.75 2510584 Sunnyvale $30,800.
38 11/7/96 18.00 00 297 1 $308,000.

CA 10.25 2 106990000510587 1043 Laura LN 81 $65,000. 8/6/11 75 $344500
8/6/96 92025 180 05 2.00 2510587 Escondido $65,000.
39 0 18.00 06 178 1 $550,000.


MI 7.25 2 126990000510588 5483 Pond Bluff  90 $10,053.63 8/21/11 90 $232500
8/21/96 48323 180 05 3.25 2510588 West Bloomfield $45,000.
48 2/21/97 18.00 01 178 1 $310,000.

MD 5.99 2 124990000510590 8201 Gallery CT 81 $40,809.73 8/2/21 80 $207000
8/2/96 20879 300 03 0.50 2510590 Gaithersburg $42,600.
29 11/2/96 18.00 00 298 1 $312,000.


FL 7.25 2 112990000510591 5120 Lake  81 $49,589.38 9/1/21 64 $98940
8/19/96 33934 300 05 1.50 2510591 Immokalee $50,000.
40 2/20/97 18.00 02 299 1 $235,000.

NV 7.25 2 132990000510592 3761 Tiffin CT 81 $15,195.52 7/8/21 78 $73297
8/8/96 89129 299 03 0.25 2510592 Las Vegas $25,000.
26 2/8/97 18.00 06 297 1 $126,500.


WA 5.99 2 153990000510594 501 W Pierce  91 $33,572.93 7/6/21 90 $51650
8/6/96 98902 299 05 3.25 2510594 Yakima $33,800.
50 11/6/96 18.00 06 297 1 $95,000.






CA 7.25 2 106990000510595 16101 Royal Oak  91 $99,337.67 8/13/11 95 $568000
8/13/96 91436 180 05 3.75 2510595 Encino Area $100,000.
44 2/13/97 18.00 00 178 1 $710,000.

CA 5.99 2 106990000510597 909 Magnolia ST 91 $30,000. 7/21/11 88 $180867
8/21/96 91030 179 05 2.75 2510597 South Pasadena $30,000.

<PAGE>
49 11/21/96 18.00 06 177 1 $240,000.


OR 7.25 2 141990000510600 2222 Northeast  91 $32,316.91 7/9/11 90 $88272
8/9/96 97230 179 05 2.50 2510600 Portland $32,700.
31 2/9/97 18.00 06 177 1 $135,000.

UT 7.25 2 149990000510601 3157 E Louise  81 $11,490.88 7/19/21 80 $85719
8/19/96 84109 299 05 1.50 2510601 Salt Lake City $32,600.
47 2/19/97 18.00 06 297 1 $148,000.


FL 7.25 2 112990000510603 1000 NW 93rd  81 $6,646.96 9/1/21 80 $171595
8/16/96 33322 300 05 1.50 2510603 Plantation $20,400.
45 2/17/97 18.00 02 299 1 $240,000.

CA 6.99 2 106990000510604 51 Pinewood  91 $35,757.2 7/2/21 90 $180000
8/2/96 91301 299 05 3.25 2510604 Agoura $36,000.
49 11/2/96 18.00 00 297 1 $240,000.


CA 5.99 2 106990000510605 105 Anthony  91 $32,866.77 8/7/21 90 $165550
8/7/96 95060 300 05 2.25 2510605 Santa Cruz $33,100.
35 11/7/96 18.00 00 298 1 $220,750.

AZ 7.25 2 104990000510606 710 Black DR 81 $8,000. 7/21/21 80 $73823
8/21/96 86301 299 05 0.50 2510606 Prescott $44,500.
37 2/21/97 18.00 06 297 1 $148,000.


CA 7.25 2 106990000510610 226 Ivywood DR 91 $26,861.29 7/20/21 90 $216800
8/20/96 94596 299 09 2.25 2510610 Walnut Creek $27,100.
35 2/20/97 18.00 01 297 1 $271,000.

CA 5.99 2 106990000510613 2825 Winthrop  91 $20,355.55 8/11/21 90 $164000
8/11/96 94583 300 05 2.25 2510613 San Ramon $20,500.
44 11/11/96 18.00 00 298 1 $205,000.


CA 7.25 2 106990000510614 14 Monterey CIR 91 $63,079.42 7/8/11 90 $400000
8/8/96 92625 179 03 2.75 2510614 Newport Beach $63,500.
35 2/8/97 18.00 00 177 1 $515,000.




<PAGE>


FL 7.25 2 112990000510616 11401 NW 39th  91 $10,156.6 7/5/21 90 $73844
8/5/96 33065 299 05 3.25 2510616 Coral Springs $34,000.
50 2/5/97 18.00 06 297 1 $120,000.

CA 12. 2 106990000510617 51 Enfilade AVE 91 $21,617.83 7/16/11 95 $163500
8/16/96 92610 179 03 3.75 2510617 Area Of Foothill  $43,600.
41 0 18.00 06 177 1 $218,000.


GA 5.99 2 113990000510619 2993  81 $99,000. 8/9/21 80 $133846
8/9/96 30327 300 05 1.00 2510619 Atlanta $100,000.
13 11/14/96 18.00 06 298 1 $293,700.

CA 5.99 2 106990000510620 619 Burtis ST 91 $23,330.56 8/13/21 90 $188000
8/13/96 93111 300 05 2.25 2510620 Santa Barbara $23,500.
33 11/13/96 18.00 00 298 1 $235,000.


WA 7.25 1 153990000510623 28220 "Z" LN 80 $50,000. 8/9/11 42 $0
8/9/96 98640 180 05 1.25 2510623 Ocean Park $50,000.
10 2/9/97 18.00 06 178 1 $120,000.

UT 7.25 2 149990000510625 429 E Haven AVE 91 $44,611.53 7/1/11 95 $69837
8/1/96 84115 179 05 3.75 2510625 Salt Lake City $44,900.
29 2/1/97 18.00 02 177 1 $122,000.


CA 6.99 2 106990000510630 115 Paseo Ballena 91 $28,476.98 7/15/21 86 $196500
7/15/96 95003 300 09 2.25 2510630 Santa Cruz $28,500.
42 10/15/96 18.00 00 297 1 $262,000.

MA 7.25 2 125990000510633 64 Pleasant ST 91 $15,000. 6/19/21 81 $207000
6/19/96 01701 300 05 2.25 2510633 Framingham $30,000.
38 12/1/96 18.00 01 296 1 $295,000.


CA 5.99 2 106990000510635 4722  81 $99,262.57 7/2/11 80 $355246
8/2/96 91436 179 05 1.50 2510635 Los Angeles $100,000.
32 11/2/96 18.00 02 177 1 $575,000.

NJ 5.99 2 134990000510637 712 W Lawn DR 91 $19,829.53 8/19/21 85 $79299
8/19/96 07753 300 05 2.75 2510637 Neptune $20,000.
35 11/19/96 18.00 06 298 1 $118,000.

<PAGE>

CA 12.5 2 106990000510638 1277 Oak Circle  91 $49,758.21 7/24/21 94 $189180
7/24/96 91208 300 05 4.25 2510638 Glendale $50,000.
49 9/1/96 18.00 02 297 1 $256,000.






NJ 5.99 2 134990000510639 1879 Portmouth  81 $19,800. 8/19/21 75 $100000
8/19/96 07083 300 05 1.50 2510639 Union $20,000.
32 11/19/96 18.00 06 298 1 $162,000.

CA 7.25 2 106990000510640 540 Wayside RD 91 $30,800.83 8/8/21 89 $333000
8/8/96 94028 300 05 2.25 2510640 Portola Valley $42,500.
44 2/8/97 18.00 06 298 1 $425,000.


VA 6.99 2 151990000510641 4111 Doveville  91 $20,000. 7/25/21 90 $142500
7/25/96 22032 300 05 2.75 2510641 Fairfax $28,500.
22 10/25/96 18.00 06 297 1 $190,000.

CA 7.25 2 106990000510642 808 E Glenwood  91 $19,907.26 6/30/11 91 $163976
7/30/96 92631 179 05 3.75 2510642 Fullerton $20,000.
41 1/30/97 18.00 02 177 1 $203,000.


CA 11.5 2 106990000510643 30316 Marigold  92 $27,082.25 8/9/11 100 $182635
8/9/96 91384 180 05 3.25 2510643 Castaic $27,200.
41 0 18.00 06 178 1 $210,000.

MI 7.25 2 126990000510665 15597 Carmelite  80 $25,800. 8/21/11 75 $73100
8/21/96 48035 180 05 1.50 2510665 Clinton Township $25,800.
14 2/21/97 18.00 06 178 1 $132,000.


AZ 7.25 2 104990000510672 6540 N Villa  91 $23,552.44 8/13/21 90 $75266
8/8/96 85014 300 03 2.00 2510672 Phoenix $23,700.
27 2/8/97 18.00 06 298 1 $110,000.

CA 5.99 2 106990000510675 2815 Winthrop  91 $7,140.71 9/1/21 90 $172000
8/16/96 94583 300 05 2.25 2510675 San Ramon $40,400.
33 11/17/96 18.00 01 299 1 $236,000.


<PAGE>
NM 5.99 2 135990000510676 18 Saddle Spur  91 $62,450. 7/5/21 90 $67107
8/5/96 87059 299 05 3.75 2510676 Tijeras $62,450.
45 11/5/96 18.00 02 297 1 $144,000.

VA 6.99 2 151990000510678 7588 Seabrook  81 $19,918.73 8/1/21 45 $80000
8/1/96 22153 300 03 1.00 2510678 Springfield $20,000.
16 11/1/96 18.00 00 298 1 $226,000.


CA 7.25 2 106990000510683 2518  91 $49,698.63 7/2/11 84 $621000
8/2/96 92007 179 05 3.25 2510683 Encinitas $85,000.
43 2/2/97 18.00 06 177 1 $850,000.






CA 6.99 2 106990000510689 12620 Corte  81 $30,000. 6/24/21 43 $299123
7/24/96 94022 299 05 1.00 2510689 Los Altos Hills $30,000.
46 10/24/96 18.00 06 296 1 $778,000.

MI 7.25 2 126990000510692 6131 Cochise DR 90 $11,807.33 8/20/11 90 $237000
8/20/96 48322 180 05 3.25 2510692 West Bloomfield $29,700.
46 2/20/97 18.00 06 178 1 $297,000.


CA 7.25 2 106990000510693 7750 Grimes  91 $45,649.64 8/13/21 90 $368000
8/13/96 93021 300 05 2.25 2510693 Moorpark $46,000.
41 2/13/97 18.00 01 298 1 $460,000.

CA 7.25 2 106990000510694 323 Village  91 $31,695.05 8/13/21 90 $159350
8/13/96 95003 300 03 2.75 2510694 Aptos $31,900.
49 2/13/97 18.00 00 298 1 $212,500.


MD 5.99 2 124990000510697 2014 Schuster RD 81 $10,580.01 7/17/21 71 $89553
8/17/96 21084 299 05 1.50 2510697 Jarrettsville $20,000.
50 11/17/96 18.00 06 297 1 $156,000.

MI 7.25 2 126990000510700 8896 Marr RD 90 $25,825.82 8/22/11 90 $131500
8/22/96 48003 180 05 3.25 2510700 Almont $26,000.
40 2/22/97 18.00 01 178 1 $175,000.



<PAGE>
GA 6.99 2 113990000510702 3390 Maple TER 91 $21,487.19 7/26/11 90 $107800
7/26/96 30174 180 03 2.25 2510702 Suwanee $21,550.
40 10/26/96 18.00 00 177 1 $143,750.

CA 7.25 1 106990000510704 1030 Ringwood  81 $137,058.57 8/12/21 49 $0
8/12/96 94025 300 05 0.75 2510704 Melno Park $138,000.
29 2/12/97 18.00 03 298 1 $285,000.


UT 12. 2 149990000510718 1335 W 8605 S 92 $50,700. 8/3/11 100 $69259
8/2/96 84088 180 05 3.75 2510718 West Jordan $50,700.
30 0 18.00 06 178 1 $120,000.

CA 7.25 2 106990000510722 2342 Stewart  91 $23,782.84 7/21/21 81 $240300
8/21/96 94596 299 03 2.25 2510722 Walnut Creek $30,000.
44 2/21/97 18.00 01 297 1 $335,000.


UT 7.25 2 149990000510725 1542 E  91 $33,648.44 7/19/21 90 $186695
8/19/96 84790 299 05 2.25 2510725 St. George $42,800.
42 2/19/97 18.00 06 297 1 $255,000.






ID 5.99 2 116990000510728 3766 Cardinal DR 81 $18,825.59 7/21/21 80 $44984
8/21/96 83201 299 05 0.25 2510728 Pocatello $19,000.
22 11/21/96 18.00 06 297 1 $80,000.

CO 7.25 2 108990000510730 6107 Normandy  91 $59,781.36 7/31/21 84 $295000
7/31/96 80525 300 03 2.75 2510730 Fort Collins $60,000.
35 2/1/97 18.00 00 298 1 $425,000.


CA 7.25 2 106990000510736 25866 Appian  91 $34,500. 7/16/11 95 $184000
8/16/96 92691 179 05 3.75 2510736 Mission Viejo $34,500.
44 2/16/97 18.00 00 177 1 $230,000.

NV 5.99 2 132990000510754 2209 Versailles  91 $65,047.36 7/23/21 90 $525200
8/23/96 89014 299 03 2.75 2510754 Henderson $65,650.
41 11/23/96 18.00 06 297 1 $656,500.



<PAGE>
FL 5.99 2 112990000510755 1344 15 TER 81 $22,065.43 8/15/21 76 $177800
8/15/96 33139 300 05 1.00 2510755 Miami Beach $50,000.
48 11/15/96 18.00 03 298 1 $300,000.

CA 7.25 2 106990000510756 11 Garibaldi ST 81 $9,314.35 7/19/21 80 $87502
8/19/96 94014 299 05 1.50 2510756 Daly City $96,450.
49 2/19/97 18.00 06 297 1 $230,000.


CO 5.99 2 108990000510759 4 Red Fox LN 81 $24,844.36 7/5/21 60 $254219
8/5/96 80111 299 05 0.25 2510759 Englewood $50,000.
25 11/5/96 18.00 06 297 1 $510,000.

CA 6.99 2 106990000510761 1623 Fletcher 91 $5,760.68 8/5/21 90 $246377
8/5/96 91030 300 05 2.75 2510761 South Pasadena $90,000.
38 11/5/96 18.00 06 298 1 $375,000.


CA 6.99 2 106990000510764 422 El Dorado  81 $14,895.96 8/8/11 58 $116451
8/8/96 91006 180 01 0.50 2510764 Arcadia $40,000.
33 11/8/96 18.00 06 178 1 $270,000.

CA 6.99 2 106990000510766 2046 Almadale  81 $14,000. 8/1/11 80 $102000
8/1/96 90032 180 05 1.25 2510766 Los Angeles $22,000.
30 11/1/96 18.00 06 178 1 $155,000.


FL 5.99 2 112990000510768 821 NE 9th  91 $18,288.5 7/22/21 90 $39051
8/22/96 33909 299 05 2.00 2510768 Cape Coral $19,300.
23 11/22/96 18.00 06 297 1 $65,000.






CA 6.99 2 106990000510770 5135 Via  91 $40,219.09 8/9/11 95 $216000
8/9/96 92887 180 05 4.25 2510770 Yorba Linda $40,500.
49 11/9/96 18.00 00 178 1 $270,000.

CA 7.25 2 106990000510771 816 S Springer  91 $47,691.61 8/9/21 90 $384000
8/9/96 94024 300 05 2.25 2510771 Los Altos $48,000.
37 2/9/97 18.00 00 298 1 $480,000.



<PAGE>
CA 5.99 2 106990000510773 3595 N Grand  91 $99,262.57 8/10/21 83 $567000
8/10/96 91711 300 05 3.25 2510773 Claremont $100,000.
45 11/10/96 18.00 06 298 1 $810,000.

UT 6.99 2 149990000510774 1409 East Gentile  81 $40,000. 8/1/21 80 $67194
8/1/96 84040 300 05 1.00 2510774 Layton $40,000.
46 11/1/96 18.00 03 298 1 $134,000.


WI 5.99 2 153990000510775 w169N873 7  81 $18,678. 8/2/21 70 $44645
8/2/96 53051 300 05 1.00 2510775 Menomonee Falls $40,000.
42 11/2/96 18.00 02 298 1 $122,000.

WA 5.99 2 153990000510776 12415 59th  91 $20,000. 8/6/21 90 $176000
8/6/96 98332 300 05 2.75 2510776 Gig Harbor $20,000.
43 11/6/96 18.00 06 298 1 $220,000.


CA 5.99 2 106990000510777 4821 Scotia Street 81 $48,644.74 8/6/21 80 $170376
8/6/96 94587 300 05 0.50 2510777 Union City $49,000.
44 11/7/96 18.00 02 298 1 $275,000.

MD 5.99 2 124990000510778 2302 Four  91 $34,776.36 8/6/11 94 $110401
8/6/96 21054 180 05 3.75 2510778 Gambrills $35,000.
41 11/6/96 18.00 02 178 1 $155,000.


WA 5.99 2 153990000510779 334 Oak Street 91 $11,177.46 8/2/21 90 $56250
8/2/96 ****** 300 05 2.75 2510779 Shelton $11,250.
33 11/2/96 18.00 02 298 1 $75,000.

NY 5.99 2 136990000510780 1678 80th ST 81 $5,203. 8/14/21 48 $17661
8/14/96 11214 300 10 1.00 2510780 Brooklyn $100,000.
16 11/14/96 18.00 06 298 1 $250,000.


CA 6.99 2 106990000510786 6021 E La Paz  91 $24,840.96 8/9/21 86 $165000
8/9/96 92807 300 05 2.25 2510786 Anaheim $25,000.
45 11/9/96 18.00 00 298 1 $221,000.







<PAGE>
CA 7.25 2 106990000510792 1002 Jennifer  90 $57,000. 7/24/11 90 $456000
7/24/96 94506 180 03 2.25 2510792 Danville $57,000.
36 1/24/97 18.00 00 177 1 $570,000.

WA 11.75 2 153990000510794 3407 E 35th AVE 91 $41,000. 8/2/11 99 $69575
8/2/96 99223 180 05 3.50 2510794 Spokane $41,000.
37 0 18.00 06 178 1 $112,000.


CA 5.99 2 106990000510795 2165 Ocean  91 $99,213.34 7/12/21 90 $436884
8/12/96 92661 299 05 2.75 2510795 Newport Beach $100,000.
45 11/12/96 18.00 06 297 1 $600,000.

CA 7.25 2 106990000510800 1335 Broadway  90 $8,218. 8/8/11 95 $113166
8/8/96 92025 180 05 3.25 2510800 Escondido $15,000.
42 2/8/97 18.00 02 178 1 $136,000.


CA 6.99 2 106990000510802 4634 White Oak  91 $51,907.92 7/6/21 90 $418000
8/6/96 91316 299 05 2.75 2510802 Los Angeles $52,200.
39 11/6/96 18.00 00 297 1 $522,500.

CA 5.99 2 106990000510804 1084 Village  81 $60,000. 8/30/21 79 $97200
8/30/96 94553 300 03 1.00 2510804 Martinez $60,000.
29 11/30/96 15.00 06 299 1 $199,000.


CA 6.99 2 106990000510809 6021 E Birdcage  91 $37,750. 8/13/21 90 $188950
8/13/96 92669 300 03 2.25 2510809 Orange $37,750.
36 11/13/96 18.00 00 298 1 $251,954.

CA 7.25 2 106990000510811 45 Stanford CT 91 $28,900. 8/2/21 90 $231200
8/2/96 94947 300 05 2.25 2510811 Novato $28,900.
39 2/2/97 15.00 00 298 1 $289,000.


CA 5.99 2 106990000510812 215 Calle Moreno 91 $38,619.52 8/8/21 89 $194600
8/8/96 91773 300 05 2.25 2510812 San Dimas $38,900.
31 11/8/96 18.00 00 298 1 $264,000.

CA 6.99 2 106990000510814 2009 El Cajonita  90 $35,000. 7/5/11 90 $280000
8/5/96 90631 179 05 3.25 2510814 La Habra Heights $35,000.
40 11/5/96 18.00 03 177 1 $350,000.



<PAGE>
UT 5.99 2 149990000510815 11490 S Sage  91 $26,638. 7/1/11 90 $97284
8/1/96 84094 179 05 2.25 2510815 Sandy $32,800.
40 11/1/96 18.00 02 177 1 $145,000.






WA 8.5 2 153990000510816 9512 73rd AVE 81 $12,061.7 7/1/21 80 $105450
8/1/96 98371 299 05 0.25 2510816 Puyallup $25,000.
29 0 18.00 02 297 1 $165,000.

VA 7.25 2 151990000510817 414 Park AVE 91 $47,175.95 8/16/21 90 $380000
8/12/96 22046 300 09 3.25 2510817 Falls Chrurch $47,500.
50 2/12/97 18.00 06 298 1 $475,000.


CA 5.99 2 106990000510819 260 Devonshire  91 $60,685.46 7/22/21 90 $492000
8/22/96 94070 299 05 2.50 2510819 San Carlos $61,500.
24 11/22/96 18.00 00 297 1 $615,000.

CA 7.25 2 106990000510821 1201 Runnymede  81 $34,822.46 7/31/11 80 $84800
7/26/96 94303 180 05 1.50 2510821 E. Palo Alto $35,000.
50 1/26/97 18.00 03 178 1 $150,000.


NM 5.99 2 135990000510822 1315 N Pixley LN 91 $17,100. 7/8/21 90 $115000
8/8/96 87413 299 05 2.75 2510822 Bloomfield $17,300.
43 11/8/96 18.00 06 297 1 $147,000.

CA 6.99 2 106990000510825 1120 E Meda  91 $25,566.04 7/7/21 90 $158720
8/7/96 ****** 299 05 3.25 2510825 Glendora $25,700.
44 11/7/96 18.00 02 297 1 $205,000.


WA 5.99 2 153990000510829 5646 S Yakima  91 $10,000. 8/13/11 95 $60842
8/13/96 98408 180 05 3.50 2510829 Tacoma $34,000.
45 11/12/96 18.00 02 178 1 $100,000.

MD 7.25 2 124990000510831 2508 Oaken  91 $49,298.9 8/16/11 90 $330000
8/12/96 20854 180 05 3.25 2510831 Potomac $50,000.
41 2/12/97 18.00 06 178 1 $425,500.



<PAGE>
CA 5.99 2 106990000510833 450 Fair Way  91 $45,392.35 8/12/21 90 $364000
8/12/96 94949 300 05 2.25 2510833 Novato $45,500.
33 11/12/96 18.00 00 298 1 $455,000.

CA 5.99 2 106990000510835 22230 Germain  91 $16,381.03 7/9/11 90 $82500
8/9/96 91311 179 05 2.75 2510835 Los Angeles $16,500.
32 11/9/96 18.00 00 177 1 $110,000.


ID 6.99 2 116990000510836 7806 Fox Tail  91 $9,924.89 8/9/21 89 $65050
8/9/96 83709 300 05 2.75 2510836 Boise $10,000.
38 11/9/96 18.00 02 298 1 $84,500.






CO 11.25 2 108990000510838 3041 Union ST 91 $15,200. 7/9/11 99 $201763
8/9/96 80215 179 05 3.00 2510838 Lakewood $15,200.
18 0 18.00 06 177 1 $220,000.

OR 5.99 2 141990000510841 598 W 28th AVE 81 $11,400. 8/5/21 77 $48903
8/5/96 97405 300 05 1.00 2510841 Eugene $20,000.
35 11/5/96 18.00 06 298 1 $89,500.


CA 5.99 2 106990000510842 20260 Alder Road 81 $19,842.66 8/13/21 74 $109811
8/13/96 95462 300 05 0.50 2510842 Monte Rio $20,000.
32 11/13/96 18.00 02 298 1 $177,000.

CA 12. 2 106990000510844 2738 Oak Hill DR 91 $17,707.41 8/7/11 95 $131536
8/7/96 92027 180 05 3.75 2510844 Escondido $20,000.
43 0 18.00 02 178 1 $160,000.


CA 5.99 2 106990000510845 4241 Ironwood 91 $41,200. 8/15/21 90 $206250
8/15/96 90740 300 05 2.75 2510845 Seal Beach $41,200.
41 11/15/96 18.00 00 298 1 $275,000.

CA 5.99 2 106990000510846 13855 Bruyere  91 $38,500. 7/6/21 90 $204462
8/6/96 92129 299 05 3.75 2510846 San Diego $50,000.
42 11/6/96 18.00 06 297 1 $285,000.



<PAGE>
MD 5.99 2 124990000510849 2307 Pondside  91 $31,151.37 7/31/21 90 $250400
7/31/96 20906 300 05 2.25 2510849 Silver Spring $31,300.
29 10/31/96 18.00 00 298 1 $313,000.

CA 5.99 2 106990000510851 3402 Antonacci  91 $24,900. 8/16/21 90 $199200
8/16/96 95148 300 05 2.25 2510851 San Jose $24,900.
45 11/16/96 18.00 00 298 1 $249,000.


MI 7.25 2 126990000510852 505 CRYSTALIA 90 $24,419.46 8/23/11 87 $105910
8/23/96 48382 180 05 3.25 2510852 COMMERCE $24,500.
34 2/23/97 18.00 06 178 1 $150,000.

MI 7.25 1 126990000510854 1154 HENRY  80 $17,500. 8/23/11 27 $0
8/23/96 48186 180 05 1.50 2510854 WESTLAND $17,500.
27 2/23/97 18.00 06 178 1 $65,000.


CA 5.99 2 106990000510855 1742 Port  91 $62,500. 8/1/21 89 $337500
8/1/96 92660 300 03 3.25 2510855 Newport Beach $62,500.
38 11/1/96 18.00 00 298 1 $450,000.






CA 5.99 2 106990000510858 626 Malarin  81 $35,000. 8/15/21 51 $97000
8/15/96 95050 300 05 1.00 2510858 Santa Clara $35,000.
37 11/15/96 15.00 02 298 1 $261,000.

CA 5.99 2 106990000510864 4209 Paquerette  91 $100,000. 8/12/21 89 $542000
8/12/96 95356 300 03 4.00 2510864 Modesto $100,000.
41 11/12/96 18.00 06 298 1 $725,000.


ID 7.25 2 116990000510868 1431 Ripon AVE 81 $22,843.09 8/12/21 80 $84466
8/12/96 83501 300 05 1.50 2510868 Lewiston $23,000.
36 2/12/97 18.00 06 298 1 $135,000.

CA 5.99 2 106990000510869 4970 Gazania  91 $23,083.27 8/16/21 90 $157500
8/16/96 95111 300 05 2.25 2510869 San Jose $31,500.
24 11/16/96 18.00 02 298 1 $210,000.



<PAGE>
VA 6.99 2 151990000510871 804 Hermitage CT 91 $74,838.88 7/22/21 89 $650000
7/22/96 22302 300 05 2.75 2510871 Alexandria $100,000.
43 10/22/96 18.00 03 297 1 $850,000.

CA 12.5 2 106990000510872 2864 Palomino  92 $51,505.97 7/23/11 100 $334400
7/23/96 92037 180 05 4.25 2510872 San Diego $83,600.
48 0 18.00 03 177 1 $418,000.


CA 5.99 2 106990000510873 2118 N Mantle ST 91 $36,059.89 7/20/11 95 $194400
8/20/96 92705 179 05 3.25 2510873 Santa Ana $36,400.
41 11/20/96 18.00 00 177 1 $243,000.

CA 5.99 2 106990000510874 4271 Verdigris  81 $16,758.73 8/19/21 80 $207000
8/19/96 95134 300 05 0.50 2510874 San Jose $16,900.
39 11/19/96 18.00 00 298 1 $279,971.


CA 5.99 2 106990000510877 361 St. Andrews  91 $36,858.52 7/22/21 90 $298000
8/22/96 94019 299 03 2.75 2510877 Half Moon Bay $37,200.
30 11/22/96 18.00 00 297 1 $372,500.

OR 5.99 2 141990000510878 67000 East  81 $13,000. 8/9/21 62 $106000
8/9/96 97049 300 05 1.00 2510878 Rhododendron $45,000.
36 11/9/96 18.00 02 298 1 $245,000.


GA 12.5 2 113990000510879 115 Mallard DR 92 $45,122.91 9/1/11 100 $184338
8/20/96 31419 180 05 4.25 2510879 Savannah $45,500.
45 0 18.00 02 179 1 $230,000.






MA 5.99 2 125990000510881 1865 Beacon ST 81 $100,000. 8/14/21 79 $386950
8/14/96 02168 300 05 1.00 2510881 Waban $100,000.
41 11/14/96 18.00 00 298 1 $618,000.

CA 5.99 2 106990000510882 150 Upland DR 91 $35,200. 7/13/11 95 $132000
8/13/96 95006 179 05 3.75 2510882 Boulder Creek $35,200.
42 11/13/96 15.00 02 177 1 $176,000.



<PAGE>
CA 7.25 2 106990000510884 4511 39th AVE 91 $22,824.82 7/8/11 94 $73613
8/8/96 95824 179 05 4.25 2510884 Sacramento $23,000.
50 2/8/97 18.00 02 177 1 $103,000.

OR 7.25 2 141990000510885 18555 SE Semple  81 $46,825.32 7/22/21 77 $228046
8/22/96 97015 299 05 1.00 2510885 Clackamas $60,000.
37 2/22/97 18.00 06 297 1 $378,000.


UT 11.5 2 149990000510886 6355 S 4015 W 91 $40,546. 7/22/11 95 $66485
7/22/96 84084 180 05 3.25 2510886 West Jordan $40,600.
43 0 18.00 06 177 1 $113,500.

ID 7.25 2 116990000510892 1521 Ripon AVE 91 $10,031.09 8/12/11 95 $75384
8/12/96 83501 180 05 3.75 2510892 Lewiston $10,100.
35 2/12/97 18.00 06 178 1 $90,000.


NY 5.99 2 136990000510894 666 E 17th ST 91 $49,989.43 7/9/21 84 $128760
8/9/96 11230 299 05 2.50 2510894 Brooklyn $100,000.
12 11/14/96 18.00 06 297 1 $275,000.

CA 7.25 2 106990000510896 4140 David DR 91 $19,252.24 7/9/11 88 $64000
8/9/96 95660 179 05 3.25 2510896 North Highlands $19,400.
50 2/9/97 18.00 02 177 1 $95,000.


CO 5.99 2 108990000510900 1817 Keel CT 81 $4,915.59 7/7/21 66 $132000
8/7/96 80026 299 03 0.25 2510900 Lafayette $25,000.
24 11/7/96 18.00 06 297 1 $240,000.

CA 7.25 2 106990000510901 684 Rancho RD 91 $75,130.02 8/14/21 90 $127071
8/14/96 91362 300 05 2.75 2510901 Thousand Oaks $75,400.
33 2/14/97 18.00 06 298 1 $225,000.


FL 7.25 2 112990000510904 1415 N Atlantic  81 $38,000. 7/12/11 64 $813300
8/12/96 33304 179 05 1.00 2510904 Ft. Lauderdale $38,000.
38 2/12/97 18.00 02 177 1 $1,350,000.







<PAGE>
CA 7.25 2 106990000510906 16541  91 $27,366.5 7/12/21 90 $223200
8/12/96 92649 299 05 2.25 2510906 Huntington Beach $27,900.
37 2/12/97 18.00 00 297 1 $279,000.

CA 6.99 2 106990000510909 2262 Shamrock  81 $24,000. 8/7/21 79 $77630
8/7/96 95540 300 05 0.50 2510909 Fortuna $24,000.
44 11/7/96 18.00 06 298 1 $130,000.


NC 7.25 2 137990000510912 4208 Windsor PL 81 $32,810.11 7/8/11 80 $97100
8/8/96 27609 179 05 0.50 2510912 Raleigh $42,000.
22 2/9/97 1600.00 06 177 1 $175,000.

GA 7.25 2 113990000510917 2050 Wilkie RD 91 $14,931.97 7/5/21 89 $166000
8/5/96 30201 299 05 2.75 2510917 Alpharetta $25,000.
43 11/5/96 18.00 06 297 1 $215,000.


CA 7.25 2 106990000510918 1548 Boone DR 91 $31,266.33 8/14/21 89 $175809
8/14/96 95118 300 05 3.25 2510918 San Jose $31,500.
47 2/14/97 18.00 02 298 1 $233,000.

NM 5.99 2 135990000510920 224 Serenity CT  81 $12,114.03 7/9/21 77 $90555
8/9/96 87123 299 05 0.50 2510920 Albuquerque $12,200.
41 11/9/96 18.00 02 297 1 $135,000.


WA 5.99 2 153990000510924 19041 21st AVE 91 $26,787.6 7/13/21 90 $135000
8/13/96 98155 299 05 2.25 2510924 Seattle $27,000.
45 11/13/96 18.00 06 297 1 $180,000.

NJ 6.99 2 134990000510926 128 Oldfield AVE 91 $10,000. 7/12/11 95 $180900
8/12/96 07601 179 05 3.25 2510926 Hasbrouck  $10,000.
26 11/12/96 18.00 06 177 1 $201,000.


MI 7.25 2 126990000510929 2262 Lyonia AVE 90 $18,000. 8/23/11 99 $68000
8/23/96 48393 180 05 3.25 2510929 Wixom $18,000.
37 2/23/97 18.00 06 178 1 $87,000.

CA 7.25 2 106990000510931 2559 Horace AVE 91 $10,953.07 8/13/21 90 $207000
8/13/96 95124 300 05 2.00 2510931 San Jose $27,000.
27 2/13/97 18.00 00 298 1 $261,000.



<PAGE>
IL 12. 2 117990000510932 14419 S  91 $13,700. 7/25/11 95 $69800
7/25/96 60419 180 05 3.75 2510932 Dolton $13,700.
44 1/25/97 18.00 02 177 1 $88,000.






CA 7.25 2 106990000510935 308 E Gleason ST 81 $22,716.48 7/13/11 44 $72600
8/13/96 91754 179 05 0.50 2510935 Monterey Park $22,900.
45 2/13/97 18.00 06 177 1 $220,000.

DC 6.99 2 111990000510936 2911 45th ST NW 81 $39,775.76 7/23/21 58 $642000
7/23/96 20016 300 05 1.50 2510936 Washington $50,000.
38 10/23/96 18.00 03 297 1 $1,200,000.


CA 5.99 2 106990000510941 1128 Buena Vista 91 $38,600. 8/29/21 90 $193125
8/29/96 93001 300 05 2.75 2510941 Ventura $38,600.
42 11/29/96 15.00 00 298 1 $257,500.

CA 7.25 2 106990000510942 7066 Albatross  91 $19,871.5 9/1/21 85 $144500
8/8/96 90620 300 05 2.75 2510942 Buena Park $20,000.
40 2/8/97 18.00 02 299 1 $194,000.


CA 7.25 2 106990000510944 5907 Del Campo  91 $14,500. 8/12/11 95 $138359
8/12/96 95608 180 05 4.25 2510944 Carmichael $14,500.
46 2/12/97 15.00 02 178 1 $161,000.

NY 7.25 2 136990000510945 96 Boxwood DR 91 $20,703.9 8/13/21 83 $138079
9/13/96 11754 299 05 2.75 2510945 Kings Park $27,500.
48 3/13/97 18.00 06 298 1 $200,000.


CA 7.25 2 106990000510946 5979 Cedar  91 $35,754.41 7/7/21 90 $180000
8/7/96 91737 299 05 2.75 2510946 Rancho  $36,000.
37 2/7/97 18.00 06 297 1 $240,000.

CA 12.5 2 106990000510949 1745 Camino De  91 $36,471.25 7/9/11 95 $196000
8/9/96 91502 179 05 4.25 2510949 Burbank $36,700.
41 0 18.00 00 177 1 $245,000.



<PAGE>
CA 5.99 2 106990000510950 33601  91 $37,694.83 7/14/21 90 $304800
8/14/96 92629 299 05 2.75 2510950 Dana Point $38,000.
40 11/14/96 18.00 00 297 1 $381,000.

CO 5.99 2 108990000510953 3844 Birchwood  91 $18,785.6 7/6/21 81 $206212
8/6/96 80304 299 05 0.75 2510953 Boulder $29,800.
21 11/6/96 18.00 02 297 1 $295,000.


CA 7.25 2 106990000510954 994 Bluebird  91 $94,351.91 7/9/21 85 $302676
8/9/96 92651 299 05 3.25 2510954 Laguna Beach $95,000.
40 2/9/97 18.00 02 297 1 $470,000.






CA 6.99 2 106990000510965 216 Venetian RD 91 $87,580.1 7/16/21 90 $207000
7/16/96 95003 300 05 2.75 2510965 Aptos $93,600.
17 10/16/96 18.00 00 297 1 $334,000.

CA 6.99 2 106990000510973 1820 Virginia  81 $146,752.7 7/29/21 62 $191000
7/29/96 94945 300 03 2.25 2510973 Novato $150,000.
46 10/29/96 18.00 03 297 1 $552,000.


FL 5.99 2 112990000510976 621 NE 14th  91 $21,000. 8/1/21 90 $46000
8/1/96 33030 300 05 3.75 2510976 Homestead $21,000.
44 11/1/96 18.00 06 298 1 $75,000.

CO 5.99 2 108990000510977 1510 S Gaylord  81 $22,273.84 7/6/21 80 $96720
8/6/96 ****** 299 05 0.50 2510977 Denver $43,000.
34 11/6/96 18.00 02 297 1 $175,000.


WA 7.25 2 153990000510978 7345 NE 112th ST 91 $22,734.61 8/12/21 84 $389000
8/12/96 98034 300 05 1.00 2510978 Kirkland $90,000.
38 2/12/97 18.00 03 298 1 $575,000.

CA 5.99 2 106990000510979 2630 Emerald  91 $28,000. 8/8/21 87 $189350
8/8/96 95646 300 05 2.25 2510979 Davis $28,000.
37 11/8/96 18.00 00 298 1 $252,500.



<PAGE>
CO 5.99 2 108990000510986 20 Diamond East  91 $25,000. 8/9/21 87 $80000
8/9/96 80817 300 05 2.75 2510986 Fountain $25,000.
35 11/9/96 18.00 06 298 1 $122,000.

MI 5.99 2 126990000510987 4056 Ravenswood 91 $13,700. 8/2/11 95 $90757
8/2/96 48060 180 05 3.75 2510987 Port Huron $13,700.
40 11/2/96 18.00 06 178 1 $110,000.


CA 12. 2 106990000510988 5327 Welland  91 $48,007.55 8/15/11 99 $167350
8/15/96 91780 180 05 3.75 2510988 Temple City $90,000.
48 0 18.00 06 178 1 $260,000.

FL 6.99 2 112990000510990 8974 Northwest  91 $43,400. 7/24/21 90 $66371
7/24/96 33065 300 10 2.75 2510990 Coral Springs $43,400.
41 10/24/96 18.00 06 297 1 $122,000.


NV 5.99 2 132990000510992 2411 Paradise  91 $22,300. 8/9/21 90 $52364
8/9/96 89120 300 09 2.25 2510992 Las Vegas $22,300.
35 11/9/96 18.00 06 298 1 $83,000.






MD 12. 2 124990000510994 3305 Swift Place 92 $40,500. 8/2/11 100 $172464
8/2/96 20601 180 03 3.75 2510994 Waldorf $40,500.
50 0 18.00 02 178 1 $213,000.

MI 5.99 2 126990000510996 1065 W McLean 91 $22,500. 8/7/11 95 $23959
8/7/96 48507 180 05 3.75 2510996 Flint $22,500.
43 11/7/96 18.00 06 178 1 $49,000.


CA 7.25 2 106990000511003 11268 Oakcrest  91 $36,870.84 7/31/11 95 $197600
7/31/96 93023 180 05 3.75 2511003 Ojai Area $37,050.
46 1/31/97 18.00 00 178 1 $247,000.

CA 5.99 1 106990000511004 13312 Bombay  81 $32,187.17 7/1/21 38 $0
8/1/96 91342 299 05 1.00 2511004 Sylmar Area $50,000.
41 11/1/96 15.00 06 297 1 $133,000.



<PAGE>
CA 7.25 2 106990000511005 656 59th ST 91 $24,809.58 8/15/21 87 $82887
8/15/96 94609 300 05 2.75 2511005 Oakland $25,000.
49 2/15/97 18.00 06 298 1 $125,000.

CO 5.99 2 108990000511006 0865 Stoneridge  91 $34,096.69 7/16/21 86 $171750
8/16/96 81601 299 05 2.25 2511006 Glenwood Springs $34,350.
38 11/16/96 18.00 06 297 1 $240,000.


CA 5.99 2 106990000511007 13019  81 $71,225. 8/3/21 80 $170958
8/3/96 91604 300 05 1.00 2511007 Studio City Area $84,900.
36 11/3/96 15.00 02 298 1 $320,000.

CA 7.25 2 106990000511008 57 Empty Saddle  91 $62,248.69 7/18/21 90 $504000
7/18/96 90274 300 05 3.75 2511008 Rolling Hills  $63,000.
40 1/18/97 18.00 00 297 1 $630,000.


MI 7.25 2 126990000511009 4593 Pine Village  90 $1,347.26 8/28/11 90 $177800
8/27/96 48323 180 05 3.25 2511009 West Bloomfield $54,000.
21 2/28/97 18.00 06 178 1 $260,000.

CO 11.25 2 108990000511010 642 N Henry ST 92 $32,793.42 6/30/11 100 $75000
7/30/96 81321 179 05 3.00 2511010 Cortez $44,700.
30 0 18.00 02 177 1 $120,000.


NJ 5.99 1 134990000511011 1606 Bay BLVD 81 $55,000. 8/23/21 37 $0
8/23/96 08735 300 05 1.50 2511011 Lavallette $55,000.
32 11/23/96 18.00 06 298 1 $149,000.






NM 5.99 2 135990000511012 10000 Erlitz DR  81 $12,009.54 7/12/21 75 $111311
8/12/96 87114 299 05 0.50 2511012 Albuquerque $23,650.
17 11/12/96 18.00 01 297 1 $180,000.

CA 6.99 2 106990000511019 1019 E Bayside  91 $69,111.12 7/2/21 90 $556000
8/2/96 92660 299 01 2.50 2511019 Newport Beach $69,500.
17 11/2/96 18.00 00 297 1 $695,000.



<PAGE>
PA 5.99 2 142990000511020 546 E Linden  91 $31,225. 8/2/21 90 $36218
8/2/96 19522 300 09 2.50 2511020 Fleetwood $31,225.
29 11/2/96 18.00 06 298 1 $75,000.

CA 6.99 2 106990000511021 110 Laurelwood  81 $54,263.32 8/7/21 74 $455000
8/7/96 94506 300 03 0.75 2511021 Danville $100,000.
17 11/7/96 18.00 06 298 1 $750,000.


CA 5.99 2 106990000511023 2086 Mills AVE 91 $48,964.1 8/6/21 90 $409600
8/6/96 94025 300 05 2.75 2511023 Menlo Park $50,000.
43 11/6/96 18.00 06 298 1 $512,000.

CA 11.5 2 106990000511025 1035 Yuloni DR 91 $36,546.5 9/1/11 100 $139428
8/20/96 95240 180 05 3.25 2511025 Lodi $45,500.
30 0 18.00 06 179 1 $185,000.


NJ 5.99 2 134990000511026 29 Lenox TER 91 $9,941.02 8/2/21 90 $144000
8/1/96 07052 300 05 2.25 2511026 West Orange $18,000.
22 11/1/96 18.00 06 298 1 $182,000.

CO 7.25 2 108990000511031 17885 High  91 $7,623.98 8/26/21 87 $154400
8/26/96 80127 300 05 2.25 2511031 Littleton $19,000.
39 2/27/97 18.00 06 298 1 $200,000.


CA 7.25 2 106990000511032 2567 Old Park LN 91 $35,275. 8/5/11 91 $207000
8/5/96 95008 180 05 4.25 2511032 Campbell $50,000.
49 2/5/97 15.00 06 178 1 $285,000.

NY 7.25 2 136990000511035 57 Hemlock RD 81 $25,000. 7/31/21 48 $200000
7/31/96 11030 300 05 0.50 2511035 Manhasset $50,000.
21 1/31/97 18.00 06 298 1 $525,000.


CA 5.99 2 106990000511036 10071  91 $22,170.51 8/14/11 95 $119200
8/14/96 95127 180 05 3.75 2511036 San Jose $22,350.
40 11/14/96 18.00 00 178 1 $150,000.







<PAGE>
CO 5.99 2 108990000511037 27842 Bonanza  91 $9,955.79 7/9/21 90 $165600
8/9/96 80439 299 05 2.25 2511037 Evergreen $27,000.
40 11/9/96 18.00 06 297 1 $215,000.

CO 7.25 2 108990000511038 6501 Westbourn  91 $14,500. 8/27/21 89 $148000
8/27/96 80525 300 05 2.00 2511038 Fort Collins $18,500.
26 2/27/97 18.00 06 298 1 $188,000.


WA 11. 2 153990000511039 758 S 40th ST 91 $18,500. 7/9/11 90 $66908
8/9/96 98408 179 05 2.75 2511039 Tacoma $18,500.
45 0 18.00 02 177 1 $95,000.

OR 7.25 2 141990000511044 1843 Yew CT 91 $40,150.53 7/20/21 90 $68800
8/20/96 97116 299 05 2.75 2511044 Forest Grove $48,000.
50 2/20/97 18.00 06 297 1 $131,000.


NM 5.99 2 135990000511046 723 Lisbon AVE  91 $15,887.26 7/9/11 95 $76000
8/9/96 87124 179 05 3.75 2511046 Rio Rancho $16,000.
35 11/9/96 18.00 02 177 1 $97,000.

CA 5.99 2 106990000511047 2785 Vista Del  91 $36,400.59 7/26/21 90 $294000
8/26/96 95037 299 05 2.75 2511047 Morgan Hill $36,750.
35 11/26/96 18.00 00 297 1 $367,500.


NV 5.99 2 132990000511055 767 Geraldine DR 91 $12,000. 8/8/11 90 $168750
8/8/96 89451 180 05 2.25 2511055 Incline Village $33,750.
44 11/8/96 18.00 00 178 1 $225,000.

CA 5.99 2 106990000511056 1336 McGee AVE 91 $39,223.49 9/1/21 90 $199500
8/21/96 94703 300 05 2.25 2511056 Berkeley $39,600.
15 11/22/96 18.00 00 299 1 $267,500.


CA 12. 2 106990000511057 1897 11th AVE 91 $16,300. 8/5/11 95 $53000
8/5/96 95961 180 05 3.75 2511057 Olivehurst $16,300.
44 0 18.00 02 178 1 $73,000.

CA 7.25 2 106990000511061 6044 Bartlett AVE 81 $18,144.6 7/9/21 72 $111000
8/9/96 91775 299 05 1.50 2511061 San Gabriel $65,000.
39 2/10/97 18.00 02 297 1 $245,000.



<PAGE>
CA 7.25 2 106990000511062 927 Wilbur AVE 81 $24,750. 7/13/21 78 $162178
8/13/96 92109 299 07 1.00 2511062 San Diego $25,000.
41 2/14/97 18.00 02 297 1 $240,000.






MI 7.25 2 126990000511063 34816 Dryden 90 $21,289.81 8/26/11 86 $65000
8/26/96 48312 180 05 3.25 2511063 Sterling Heigths $40,000.
28 2/26/97 18.00 02 178 1 $123,000.

CA 12. 2 106990000511064 4201 Fleethaven  91 $83,000. 7/12/11 92 $496136
8/12/96 90712 179 05 3.75 2511064 Lakewood $83,000.
41 0 18.00 06 177 1 $630,000.


CA 5.99 2 106990000511071 18039 Knoll Top  91 $27,844.06 7/24/11 90 $133918
7/24/96 95945 180 05 2.25 2511071 Grass Valley $28,000.
27 10/24/96 18.00 02 177 1 $180,000.

CA 7.25 2 106990000511078 1940 West 233rd  91 $14,089.38 8/5/21 90 $200000
8/5/96 90501 300 05 2.25 2511078 Torrance $25,000.
35 2/5/97 18.00 00 298 1 $250,000.


CA 5.99 2 106990000511079 360 Mira Mar  91 $36,200. 7/14/21 90 $289600
8/14/96 90803 299 05 2.75 2511079 Long Beach $36,200.
46 11/14/96 18.00 00 297 1 $362,000.

CA 7.25 2 106990000511080 637 30th Street 91 $64,358.67 8/6/21 90 $518000
8/6/96 90254 300 05 3.25 2511080 Hermosa Beach $64,750.
40 2/6/97 18.00 00 298 1 $647,500.


CA 5.99 2 106990000511086 225 Barbara Drive 91 $29,039.1 7/12/21 90 $234000
8/12/96 95032 299 05 2.25 2511086 Los Gatos $29,250.
38 11/12/96 18.00 00 297 1 $292,500.

CA 7.25 2 106990000511088 1 Nantucket Place 91 $49,072.8 8/8/21 90 $395200
8/8/96 90266 300 09 2.75 2511088 Manhattan Beach $49,400.
49 2/8/97 18.00 00 298 1 $494,000.



<PAGE>
CA 7.25 2 106990000511089 2753 San Antonio  91 $31,692.71 7/22/21 89 $256000
8/22/96 94598 299 05 2.25 2511089 Walnut Creek $32,000.
43 2/22/97 18.00 06 297 1 $325,000.

CA 7.25 2 106990000511090 2136 Monterey  91 $43,816.67 8/9/21 88 $456000
8/9/96 90254 300 05 2.25 2511090 Hermosa Beach $44,100.
45 2/9/97 18.00 00 298 1 $570,000.


CA 5.99 2 106990000511092 22 Sheridan 91 $65,448.31 8/20/21 90 $528000
8/20/96 94618 300 05 3.25 2511092 Oakland $66,000.
44 11/20/96 18.00 00 298 1 $660,000.






CA 7.25 2 106990000511094 529 24th Place 91 $24,839.38 8/9/21 85 $400000
8/9/96 90254 300 05 2.25 2511094 Hermosa Beach $25,000.
35 2/9/97 18.00 00 298 1 $500,000.

WA 5.99 2 153990000511096 16720 NE 103rd  91 $10,000. 7/9/11 86 $149600
8/9/96 98052 179 05 2.25 2511096 Redmond $10,000.
28 11/9/96 18.00 06 177 1 $187,000.


CA 8.75 2 106990000511099 802 Windridge  81 $19,800.11 7/12/11 65 $125100
7/12/96 92069 180 05 0.50 2511099 San Marcos $20,000.
21 8/31/96 18.00 00 177 1 $225,000.

CA 7.25 2 106990000511100 22986 Espada  81 $73,296.54 7/12/21 80 $207000
8/12/96 93908 299 05 1.00 2511100 Salinas $73,800.
31 2/12/97 18.00 03 297 1 $351,000.


CA 7.25 2 106990000511101 4732 Lage Drive 81 $39,000. 8/5/21 80 $160995
8/5/96 95130 300 05 1.00 2511101 San Jose $39,000.
40 2/5/97 18.00 03 298 1 $250,000.

CA 5.99 2 106990000511102 228 Cannon  91 $22,422.21 7/12/21 85 $169500
8/12/96 93117 299 05 2.25 2511102 Goleta $22,600.
42 11/12/96 18.00 01 297 1 $226,000.



<PAGE>
CA 6.99 2 106990000511103 407 Clearveiw DR 81 $37,000. 8/17/21 80 $207000
8/17/96 95030 300 09 1.00 2511103 Los Gatos $37,000.
29 11/17/96 18.00 06 298 1 $305,000.

CA 6.99 2 106990000511104 26 Seminole CT 91 $38,500. 8/13/21 90 $308000
8/13/96 94583 300 03 2.25 2511104 San Ramon $38,500.
41 11/13/96 18.00 00 298 1 $385,000.


CA 11.5 2 106990000511105 575 Suisse DR 91 $41,950. 7/25/11 95 $223950
7/25/96 95123 180 05 3.25 2511105 San Jose $41,950.
34 0 18.00 00 177 1 $279,950.

OR 5.99 2 141990000511106 5135 SW 38th  81 $26,222.64 8/5/21 80 $104000
8/5/96 97221 300 05 0.50 2511106 Portland $26,400.
49 11/5/96 18.00 06 298 1 $163,000.


CA 9.25 2 106990000511108 1144 Hillcrest  81 $40,000. 8/8/21 66 $613323
8/8/96 91106 300 05 1.00 2511108 Pasadena $50,000.
36 0 15.00 06 298 1 $1,015,000.






CA 6.99 2 106990000511109 1911 H ST 91 $22,000. 8/9/21 90 $95000
8/9/96 95501 300 05 3.75 2511109 Eureka $22,000.
42 11/9/96 15.00 02 298 1 $130,000.

OR 5.99 2 141990000511110 305 Cottonwood 91 $53,700. 7/29/21 81 $42724
7/29/96 97119 300 05 0.50 2511110 Gaston $53,700.
36 10/29/96 18.00 06 297 1 $120,000.


CA 5.99 2 106990000511113 48 Gold Meadow  91 $21,837.76 7/12/11 95 $191741
8/12/96 94513 179 05 3.75 2511113 Brentwood $22,000.
40 11/12/96 18.00 06 177 1 $225,000.

HI 5.99 2 115990000511118 811 Malulani ST 91 $47,200. 8/15/21 90 $236250
8/15/96 96753 300 05 2.75 2511118 Kihei $47,200.
49 11/15/96 18.00 02 298 1 $315,000.



<PAGE>
OH 7.25 2 139990000511120 1192 E Innis AVE 91 $4,805.95 7/26/21 90 $55726
8/26/96 43207 299 05 3.25 2511120 Columbus $11,700.
49 2/26/97 18.00 06 297 1 $75,000.

HI 5.99 2 115990000511122 490 Paumakua  91 $33,771.59 8/7/11 95 $403000
8/7/96 96734 180 05 3.75 2511122 Kailua $34,000.
37 11/7/96 18.00 02 178 1 $460,000.


FL 5.99 1 112990000511136 11771 SW 30th  80 $2,734.67 7/31/11 43 $0
7/31/96 33175 180 05 1.50 2511136 Miami $55,000.
50 10/31/96 18.00 06 178 1 $128,500.

CA 5.99 2 106990000511138 12025 Lambert 91 $51,000. 7/26/21 90 $408000
8/26/96 92680 299 05 2.75 2511138 Tustin $51,000.
38 11/26/96 18.00 00 297 1 $510,000.


CA 7.25 2 106990000511140 3425 Coltwood  91 $21,793.1 9/1/21 90 $175828
8/22/96 95148 300 05 3.25 2511140 San Jose $22,000.
50 2/22/97 18.00 06 299 1 $220,000.

WA 7.25 2 153990000511141 9851 63rd AVE S 91 $30,000. 9/1/21 90 $141000
8/19/96 98118 300 05 4.25 2511141 Seattle $30,000.
49 2/19/97 18.00 02 299 1 $190,000.


CA 5.99 2 106990000511142 8714 Chesapeake  91 $26,243.69 7/26/11 95 $141250
8/26/96 92508 179 05 3.25 2511142 Riverside $26,500.
43 11/26/96 18.00 00 177 1 $176,592.






UT 7.25 2 149990000511143 4795 W 5055 S 81 $4,500. 7/28/21 54 $25499
8/28/96 84118 299 05 0.75 2511143 Kearns $20,000.
21 2/28/97 18.00 06 297 1 $85,000.

OR 5.99 2 141990000511144 5241 N Depauw 81 $32,357.46 7/22/21 56 $33803
8/22/96 97203 299 05 0.25 2511144 Portland $40,000.
29 11/22/96 18.00 06 297 1 $132,000.



<PAGE>
CO 7.25 2 108990000511146 848 Valley Lane 81 $29,649.39 8/26/21 58 $135000
8/26/96 80302 300 05 2.00 2511146 Boulder $50,000.
48 2/26/97 18.00 02 298 1 $320,000.

CA 5.99 2 106990000511148 295 Via Rancho  91 $20,004.63 7/20/21 85 $151500
8/20/96 92029 299 05 2.25 2511148 Escondido $20,200.
40 11/20/96 18.00 00 297 1 $202,000.


UT 7.25 2 149990000511150 1700 Lucky John  91 $20,953.37 7/12/21 89 $317000
8/12/96 84060 299 05 2.75 2511150 Park City $100,000.
41 2/12/97 18.00 03 297 1 $470,000.

OR 5.99 2 141990000511151 4745 SE 49th  81 $29,684.84 7/23/21 76 $58341
8/23/96 97206 299 05 0.50 2511151 Portland $30,000.
34 11/23/96 18.00 06 297 1 $116,500.


GA 7.25 2 113990000511152 1143 University  91 $55,000. 8/2/21 90 $207000
8/2/96 30306 300 05 2.50 2511152 Atlanta $63,000.
25 2/2/97 18.00 06 298 1 $300,000.

WA 5.99 2 153990000511158 3709 S Pilgrim ST 91 $27,500. 7/27/11 95 $105000
8/27/96 98118 179 05 4.25 2511158 Seattle $27,500.
48 11/27/96 18.00 06 177 1 $140,000.


GA 6.99 1 113990000511160 5631 Honeytree  81 $40,000. 7/30/21 26 $0
7/31/96 30501 299 05 1.00 2511160 Gainesville $40,000.
46 10/31/96 18.00 06 298 1 $155,000.

CA 5.99 2 106990000511162 1077 Calma DR 81 $10,000. 8/12/21 63 $114851
8/12/96 91910 300 05 0.50 2511162 Chula Vista $20,000.
34 11/12/96 18.00 06 298 1 $215,000.


UT 5.99 2 149990000511190 933 Grove Creek  81 $43,500. 8/16/11 80 $114590
8/16/96 84062 180 05 1.00 2511190 Pleasant Grove $43,500.
38 11/16/96 18.00 02 178 1 $198,000.







<PAGE>
OR 6.99 2 141990000511203 4124-26 SE 28th 91 $23,850. 7/16/21 90 $119250
7/16/96 97202 300 05 2.75 2511203 Portland $23,850.
38 10/16/96 18.00 00 297 1 $159,000.

NY 11.5 2 136990000511204 105 Bayberry  91 $98,038.32 5/21/21 90 $186211
6/21/96 11530 299 05 3.25 2511204 Garden City $100,000.
41 9/21/96 18.00 06 295 1 $320,000.


CA 7.25 2 106990000511208 148 Sierra CT 91 $37,500. 7/29/21 95 $200000
7/29/96 94590 300 05 4.25 2511208 Vallejo $37,500.
45 1/29/97 15.00 02 297 1 $250,000.

CA 6.99 2 106990000511209 15 Rimrock 91 $52,000. 6/19/21 90 $416000
7/19/96 92715 299 03 2.75 2511209 Irvine $52,000.
41 10/19/96 18.00 00 296 1 $520,000.


CA 5.99 2 106990000511212 37358 Altamere  91 $27,000. 7/12/11 95 $101250
8/12/96 91351 179 05 3.25 2511212 Canyon Country $27,000.
23 11/12/96 18.00 06 177 1 $135,000.

IL 7.25 2 117990000511213 35758 N  91 $30,000. 8/16/21 85 $61579
8/16/96 60041 300 05 3.25 2511213 Ingleside $30,000.
40 2/16/97 18.00 06 298 1 $108,000.


CA 6.99 2 106990000511249 21291 Cancun 91 $54,500. 7/12/21 87 $93000
8/12/96 92692 299 05 3.75 2511249 Mission Viejo $54,500.
50 11/12/96 18.00 02 297 1 $170,000.

CA 5.99 2 106990000511257 26819 Live Oak  91 $41,200. 7/15/21 90 $206250
8/15/96 91302 299 05 3.25 2511257 Calabasas $41,200.
47 11/15/96 18.00 00 297 1 $275,000.


FL 7.25 2 112990000511259 10331 NW 56th  90 $50,000. 8/2/11 92 $232500
8/2/96 33178 180 03 4.25 2511259 Miami $50,000.
46 2/2/97 18.00 06 178 1 $310,000.

CA 5.99 2 106990000511273 1935 Amy AVE 91 $22,500. 8/7/11 90 $187500
8/7/96 95407 180 05 2.25 2511273 Santa Rosa $37,500.
39 11/7/96 18.00 00 178 1 $250,000.



<PAGE>
CA 6.99 2 106990000511286 215 Brookside DR 81 $57,000. 7/31/21 80 $207000
7/31/96 94960 300 05 1.00 2511286 San Anselmo $57,000.
46 10/31/96 18.00 06 298 1 $330,000.






CA 10.5 2 106990000511288 4545 Via El  91 $38,700. 7/20/21 90 $193500
8/20/96 92886 299 05 2.25 2511288 Yorba Linda $38,700.
41 0 18.00 00 297 1 $258,000.

MI 7.25 2 126990000511291 34600 Old Timber 90 $70,000. 8/30/11 89 $170000
8/30/96 48331 180 05 3.25 2511291 Farmington Hills $70,000.
41 2/2/97 18.00 01 179 1 $270,000.


CA 7.25 2 106990000511310 16220  91 $50,000. 8/15/11 94 $286400
8/15/96 91709 180 03 3.75 2511310 Chino Hills $50,000.
44 2/15/97 15.00 01 178 1 $358,000.

CO 5.99 2 108990000511312 2215 York ST 81 $30,000. 7/14/21 74 $134843
8/14/96 80205 299 05 0.50 2511312 Denver $50,000.
22 11/14/96 18.00 06 297 1 $250,000.


CA 5.99 2 106990000511313 1396 Washington  81 $49,418.31 7/10/21 79 $107953
8/10/96 94521 299 05 1.00 2511313 Concord $49,500.
49 11/10/96 18.00 06 297 1 $200,000.

FL 11.5 2 112990000511315 15248 SW 109th  92 $44,000. 8/15/11 100 $133000
8/15/96 33196 180 03 3.25 2511315 Miami $44,000.
44 0 18.00 02 178 1 $177,000.


CA 5.99 2 106990000511327 2018-2018b-2018  91 $26,000. 7/12/21 90 $208000
8/12/96 90405 299 05 2.75 2511327 Santa Monica $26,000.
40 11/12/96 18.00 00 297 1 $260,000.

CA 5.99 2 106990000511341 4503 Mary Ellen  91 $37,900. 8/19/21 90 $189750
8/19/96 91423 300 05 2.75 2511341 Sherman Oaks  $37,900.
48 11/19/96 18.00 00 298 1 $253,000.



<PAGE>
CA 5.99 2 106990000511344 1341 Sunnyslope  81 $69,916. 8/16/21 90 $255717
8/16/96 94002 300 05 2.75 2511344 Belmont $94,300.
44 11/16/96 18.00 02 298 1 $389,000.

CA 5.99 2 106990000511348 633 Adobe DR 91 $35,500. 8/22/21 90 $284000
8/22/96 94526 300 03 2.75 2511348 Danville $35,500.
43 11/22/96 18.00 01 298 1 $355,000.


CA 7.25 2 106990000511350 1459 Gowin Street 91 $16,000. 7/19/11 90 $85231
8/19/96 91977 179 05 3.25 2511350 Spring Valley $22,700.
39 2/19/97 18.00 03 177 1 $120,000.






CA 7.25 2 106990000511352 3965 Via Holgura 91 $31,800. 7/14/21 90 $159000
8/14/96 92130 299 01 3.25 2511352 San Diego $31,800.
50 2/14/97 18.00 01 297 1 $212,000.

CA 5.99 2 106990000511353 5621 Mildred  91 $25,000. 7/19/21 90 $125250
8/19/96 90630 299 05 3.25 2511353 Cypress $25,000.
48 11/19/96 18.00 02 297 1 $167,000.


WA 7.25 2 153990000511354 5928 Foxhall  91 $28,750. 7/16/21 90 $230000
8/16/96 98516 299 05 2.75 2511354 Olympia $28,750.
35 2/16/97 18.00 00 297 1 $287,500.

CA 7.25 2 106990000511357 109 Occidental  91 $49,000. 7/14/21 82 $392000
8/14/96 94010 299 05 2.75 2511357 Burlingame $49,000.
45 2/14/97 18.00 06 297 1 $540,000.


OR 5.99 2 141990000511358 2610 Woodsprite  81 $40,000. 7/14/11 67 $110853
8/14/96 97068 179 05 1.00 2511358 West Linn $40,000.
45 11/14/96 18.00 06 177 1 $227,000.

CA 6.99 2 106990000511359 8377 Wilson  81 $141,000. 7/15/21 80 $207000
8/15/96 91701 299 05 1.25 2511359 Rancho  $141,000.
37 11/15/96 15.00 06 297 1 $435,000.



<PAGE>
CA 7.25 2 106990000511361 13014 Racimo  91 $24,400. 7/7/21 90 $122250
8/7/96 90605 299 05 3.25 2511361 Area Of Whittier $24,400.
46 2/7/97 18.00 02 297 1 $163,000.

CA 7.25 2 106990000511362 7261 Ponce  91 $26,700. 8/15/21 90 $133500
8/15/96 91307 300 05 2.25 2511362 Westhills $26,700.
43 2/15/97 15.00 01 298 1 $178,000.


CA 5.99 2 106990000511363 212 Country  91 $38,300. 8/20/21 90 $191400
8/20/96 94506 300 09 2.25 2511363 Danville $38,300.
38 11/20/96 18.00 00 298 1 $255,244.

CA 5.99 2 106990000511367 10 Palos PL 81 $54,000. 8/20/21 61 $207000
8/20/96 94132 300 05 1.50 2511367 San Francisco $54,000.
49 11/20/96 18.00 00 298 1 $430,000.


FL 7.25 2 112990000511368 811 Gabriel AVE  81 $16,000. 9/1/21 61 $62559
8/26/96 32907 300 05 1.50 2511368 Palm Bay $27,500.
40 1/26/97 18.00 04 299 1 $150,000.






UT 7.25 2 149990000511371 1004 S 1000 E 81 $10,414.93 7/28/21 52 $50044
8/28/96 84105 299 05 0.25 2511371 Salt Lake City $50,000.
26 2/28/97 18.00 06 297 1 $193,000.

UT 5.99 1 149990000511373 1450 West 1220  81 $43,870. 8/15/11 42 $0
8/15/96 84043 180 05 1.50 2511373 Lehi $100,000.
34 11/15/96 18.00 06 178 1 $240,000.


MA 5.99 2 125990000511374 12 Campbell RD 81 $7,000. 7/30/21 77 $207000
8/30/96 01949 299 05 0.25 2511374 Middleton $15,000.
20 11/30/96 18.00 06 298 1 $290,000.

CA 5.99 2 106990000511375 1870 Poplar DR 91 $66,250. 8/16/11 95 $213941
8/16/96 94595 180 05 3.75 2511375 Walnut Creek $66,250.
44 11/16/96 18.00 02 178 1 $295,000.



<PAGE>
MI 7.25 2 126990000511376 3435 Bradway  90 $17,500. 8/30/11 90 $316000
8/30/96 48302 180 05 3.25 2511376 Bloomfield $39,500.
30 3/2/97 18.00 06 179 1 $395,000.

UT 5.99 2 149990000511384 4192 South  81 $40,500.37 8/16/21 62 $18902
8/16/96 84120 300 05 1.00 2511384 West Valley City $45,000.
45 11/16/96 18.00 06 298 1 $103,500.


ID 5.99 2 116990000511385 360 Kurtwood PL 81 $17,000. 7/29/21 66 $28851
8/29/96 83204 299 05 0.50 2511385 Pocatello $18,000.
37 11/29/96 18.00 06 297 1 $71,000.

CA 5.99 2 106990000511386 3111 Arlotte AVE 91 $41,950. 8/22/11 95 $223950
8/22/96 90805 180 05 3.75 2511386 Long Beach $41,950.
30 11/22/96 18.00 00 178 1 $279,950.


CA 5.99 2 106990000511387 1108 W Myrtle  91 $13,900. 8/15/21 90 $47250
8/15/96 93277 300 05 2.75 2511387 Visalia $13,900.
41 11/15/96 18.00 01 298 1 $68,000.

CA 5.99 2 106990000511396 10 Wagon LN 91 $50,000. 8/21/21 87 $496487
8/21/96 91307 300 03 3.75 2511396 Bell Canyon Area $50,000.
44 11/21/96 18.00 02 298 1 $630,000.


WA 7.25 2 153990000511399 7212 36th AVE 91 $30,000. 8/19/11 94 $177000
8/19/96 98126 180 05 3.75 2511399 Seattle $30,000.
39 2/19/97 18.00 02 178 1 $222,000.






CA 5.99 2 106990000511400 135 Baypoint DR 91 $43,000. 8/21/21 90 $344000
8/21/96 94901 300 09 3.00 2511400 San Rafael $43,000.
29 11/21/96 18.00 00 298 1 $430,000.

CA 7.25 2 106990000511401 2129 Greenleaf  91 $29,200. 7/14/11 95 $156000
8/14/96 92706 179 05 3.25 2511401 Santa Ana $29,200.
42 2/14/97 15.00 00 177 1 $195,000.



<PAGE>
CA 5.99 2 106990000511403 43814 Salt Creek  91 $33,000. 7/16/11 95 $123750
8/16/96 93271 179 05 3.75 2511403 Three Rivers $33,000.
44 11/16/96 15.00 01 177 1 $165,000.

CA 5.99 2 106990000511406 14446 Pimlico RD 91 $12,710. 7/12/21 89 $108750
8/12/96 92683 299 09 2.25 2511406 Westminster $20,000.
45 11/12/96 18.00 06 297 1 $145,000.


CA 5.99 2 106990000511407 33600 Bardolph  91 $34,300. 8/16/11 95 $183200
8/16/96 94555 180 05 3.75 2511407 Fremont $34,300.
39 11/16/96 18.00 02 178 1 $229,000.

OR 7.25 2 141990000511408 6635 SW Hyland  91 $47,375.02 8/6/21 90 $125967
8/6/96 97008 300 05 3.50 2511408 Beaverton $48,600.
25 2/6/97 18.00 02 298 1 $194,000.


MI 7.25 2 126990000511409 42729 Gainsley 90 $26,800. 8/30/11 90 $71100
8/30/96 48313 180 05 3.25 2511409 Sterling Heights $26,800.
34 2/28/97 18.00 06 179 1 $109,000.

CA 5.99 2 106990000511411 34693 Camino  91 $57,000. 8/26/11 95 $304000
8/26/96 92624 180 07 3.75 2511411 Dana Point $57,000.
43 11/26/96 15.00 00 178 1 $380,000.


CA 7.25 2 106990000511412 156 Beech RD 91 $36,000. 8/8/11 90 $153000
8/8/96 91320 180 05 3.25 2511412 Thousand Oaks $36,000.
46 2/8/97 18.00 02 178 1 $210,000.

FL 7.25 2 112990000511414 2374 E  90 $38,000. 8/9/11 90 $78000
8/9/96 33410 180 05 3.75 2511414 Palm Beach  $38,000.
33 2/9/97 18.00 06 178 1 $129,000.


MD 7.25 2 124990000511415 2 Kenwood AVE 91 $13,000. 8/7/11 90 $104000
8/7/96 21228 180 05 3.25 2511415 Baltimore $13,000.
40 2/7/97 18.00 02 178 1 $130,000.







<PAGE>
CA 7.25 2 106990000511418 4754 E  91 $30,300. 8/5/21 90 $136195
8/5/96 95220 300 05 3.25 2511418 Acampo $30,300.
48 2/5/97 18.00 02 298 1 $185,000.

GA 6.99 2 113990000511419 10950 Donamere  91 $26,950. 8/6/11 85 $202250
8/7/96 30202 179 03 2.25 2511419 Alpharetta $26,950.
33 11/7/96 18.00 00 178 1 $269,700.


FL 5.99 2 112990000511423 7911 Salem LN 91 $47,000. 8/8/21 90 $376000
8/9/96 33067 299 03 2.25 2511423 Parkland $47,000.
31 11/9/96 18.00 00 298 1 $470,000.

WA 5.99 2 153990000511424 23644 126th  91 $45,000. 8/15/21 82 $110700
8/15/96 98031 300 05 2.25 2511424 Kent $45,000.
40 11/15/96 18.00 06 298 1 $190,000.


CA 5.99 2 106990000511425 809 Corte  81 $158,000. 8/16/11 80 $650000
8/16/96 93010 180 05 1.00 2511425 Camarillo $158,000.
23 11/16/96 15.00 00 178 1 $1,010,000.

ID 7.25 2 116990000511426 9615 Kampton  91 $22,000. 8/14/21 95 $101329
8/14/96 83704 300 05 3.75 2511426 Boise $22,000.
32 2/14/97 18.00 02 298 1 $130,000.


CA 5.99 2 106990000511430 485 Las Coches  91 $28,750. 7/19/21 87 $191250
8/19/96 95037 299 05 2.25 2511430 Morgan Hill $28,750.
42 11/19/96 18.00 00 297 1 $255,000.

CO 5.99 2 108990000511431 601 S 14th ST 81 $12,000. 7/16/21 64 $10574
8/16/96 81067 299 05 0.50 2511431 Rocky Ford $12,000.
38 11/16/96 18.00 06 297 1 $35,500.


MI 7.25 2 126990000511432 8690 Carriage Hill 90 $16,000. 8/30/11 90 $127600
8/30/96 48317 180 05 3.25 2511432 Shelby TWP $16,000.
37 2/28/97 18.00 06 179 1 $160,000.

CA 6.99 2 106990000511433 15345 Del Prado  81 $13,600. 8/9/11 80 $203100
8/9/96 91745 180 05 1.25 2511433 Hacienda Heights $13,600.
38 11/9/96 18.00 00 178 1 $270,888.



<PAGE>
CA 5.99 2 106990000511434 668 Loyola WAY 91 $28,500. 7/8/21 90 $207000
8/8/96 94550 299 05 2.25 2511434 Livermore $28,500.
37 11/8/96 15.00 00 297 1 $264,000.






ID 7.25 2 116990000511436 1179 Off Sharon  91 $31,500. 8/8/21 90 $207000
8/8/96 83706 300 05 2.75 2511436 Boise $31,500.
27 2/8/97 18.00 03 298 1 $265,000.

WA 5.99 2 153990000511437 2108 Southeast  91 $6,261.3 8/14/11 95 $119750
8/14/96 98607 180 05 3.75 2511437 Camas $13,000.
24 11/14/96 18.00 06 178 1 $140,000.


CA 5.99 2 106990000511438 4308 Ranier Place 91 $40,000. 8/19/21 87 $111864
8/19/96 94565 300 05 2.25 2511438 Pittsburg $40,000.
34 11/19/96 18.00 06 298 1 $176,000.

OR 5.99 2 141990000511439 18 Southeast 92nd 91 $10,990. 8/15/21 90 $100600
8/15/96 97233 300 05 2.75 2511439 Portland $12,500.
48 11/15/96 18.00 06 298 1 $125,800.


CA 5.99 2 106990000511441 17957 Karen DR 91 $23,800. 8/12/21 95 $428800
8/12/96 91316 300 05 3.50 2511441 Encino Area $23,800.
29 11/12/96 18.00 00 298 1 $476,500.

MI 7.25 2 126990000511444 3337 Cordley  90 $18,500. 8/30/11 90 $107500
8/30/96 48169 180 05 3.25 2511444 Pinckney $18,500.
39 2/28/97 18.00 02 179 1 $140,000.


UT 7.25 2 149990000511447 230 N 170 W 91 $21,500. 8/14/11 93 $131831
8/9/96 84014 180 03 2.75 2511447 Centerville $21,500.
44 2/9/97 18.00 06 178 1 $166,000.

MD 11.5 2 124990000511448 2822 Hornbeam  92 $14,000. 8/16/11 100 $106000
8/12/96 20785 180 09 3.25 2511448 Hyattsville $14,000.
45 0 18.00 02 178 1 $120,000.



<PAGE>
CA 11.5 2 106990000511449 2316 Heath Court 92 $43,300. 9/1/11 100 $170656
8/28/96 95765 180 05 3.25 2511449 Rocklin $43,300.
41 0 18.00 02 179 1 $214,000.

CA 5.99 2 106990000511455 12685 Lanakila  91 $40,000. 8/7/11 92 $148514
8/7/96 92641 180 05 3.75 2511455 Garden Grove $40,000.
45 11/7/96 15.00 06 178 1 $205,000.


CA 5.99 2 106990000511456 823 San Rafael ST 91 $26,000. 8/8/11 90 $190000
8/8/96 94086 180 05 3.75 2511456 Sunnyvale $26,000.
43 11/8/96 15.00 06 178 1 $240,000.






CA 5.99 2 106990000511461 435 East  81 $100,000. 7/15/21 52 $194200
8/15/96 91207 299 05 1.50 2511461 Glendale $100,000.
18 11/15/96 15.00 06 297 1 $576,500.

CA 5.99 2 106990000511463 678 Snapdragon  91 $34,938.54 7/19/21 90 $234423
8/19/96 94510 299 05 3.25 2511463 Benicia $44,500.
41 11/19/96 18.00 06 297 1 $310,000.


CA 7.25 2 106990000511485 5519 Maricopa ST 91 $47,000. 7/7/11 90 $376000
8/7/96 90503 179 03 2.25 2511485 Torrance $47,000.
34 2/7/97 15.00 00 177 1 $470,000.

VA 6.99 2 151990000511488 10178 Cool Well  91 $27,200. 7/31/21 90 $151000
7/31/96 23111 300 03 2.75 2511488 Mechanicsville $27,200.
37 10/31/96 18.00 02 298 1 $198,000.


CA 5.99 2 106990000511489 904 Larkspur DR 81 $45,000. 8/2/21 80 $207000
8/2/96 94010 300 05 0.50 2511489 Burlingame $45,000.
39 11/2/96 18.00 00 298 1 $315,000.

MD 5.99 2 124990000511498 11000 Dobbins  91 $100,000. 8/9/21 90 $473909
8/9/96 20854 300 05 3.25 2511498 Potomac $100,000.
38 11/9/96 18.00 06 298 1 $642,000.



<PAGE>
WA 12. 2 153990000511499 19211 NE 139th  91 $50,900. 8/16/11 95 $129546
8/16/96 98606 180 05 3.75 2511499 Brush Praire $50,900.
32 0 18.00 02 178 1 $190,000.

AZ 5.99 2 104990000511501 5409 N Crescent  81 $14,000. 8/8/21 80 $206000
8/8/96 85718 300 03 0.25 2511501 Tuscon $14,000.
26 11/8/96 18.00 00 298 1 $275,000.


CA 7.25 2 106990000511502 4598 Tam  91 $31,500. 8/22/21 90 $252000
8/22/96 91362 300 09 2.25 2511502 Thousand Oaks $31,500.
34 2/22/97 18.00 00 298 1 $315,000.

WA 12.5 2 153990000511504 23527 20th  91 $34,400. 8/13/11 95 $165000
8/13/96 98021 180 05 4.25 2511504 Bothell $34,400.
49 0 18.00 02 178 1 $210,000.


MI 7.25 2 126990000511505 80755 North AVE 80 $10,500. 8/30/11 63 $46500
8/30/96 48005 180 05 3.00 2511505 Armada $10,500.
50 2/28/97 18.00 06 179 1 $91,000.






UT 7.25 2 149990000511510 5108 West  91 $33,500. 8/14/11 92 $57241
8/14/96 84120 180 05 3.75 2511510 West Valley City $33,500.
38 2/14/97 18.00 03 178 1 $99,500.

UT 5.99 2 149990000511512 4759 W 3280 S 91 $40,000. 7/28/21 82 $65320
8/28/96 84120 299 05 3.25 2511512 West Valley $40,000.
33 11/28/96 18.00 06 297 1 $129,000.


CA 5.99 2 106990000511516 18151 Oak Ridge  91 $36,000. 7/27/21 90 $288000
8/27/96 92705 299 05 2.75 2511516 Santa Ana $36,000.
39 11/27/96 18.00 00 297 1 $360,000.

CA 12. 2 106990000511517 2574 Meridian  90 $72,000. 7/16/11 99 $190000
8/16/96 95125 179 05 3.75 2511517 San Jose $72,000.
30 0 15.00 06 177 1 $265,000.



<PAGE>
UT 7.25 2 149990000511521 10885 S  91 $33,000. 7/21/11 92 $259530
8/21/96 84092 179 05 5.25 2511521 Sandy $33,000.
32 2/21/97 18.00 06 177 1 $318,000.

UT 7.25 2 149990000511522 6184 S Walnut  90 $13,000. 7/23/11 90 $80813
8/23/96 84118 179 05 3.25 2511522 Salt Lake City $24,000.
49 2/23/97 18.00 06 177 1 $117,000.


CA 7.25 2 106990000511523 40650 Calle De  81 $100,000. 7/19/11 78 $611000
8/19/96 92562 179 03 1.50 2511523 Murrieta $100,000.
46 2/19/97 18.00 02 177 1 $923,000.

CA 7.25 2 106990000511524 1225 Taylor AVE 91 $50,000. 7/9/11 93 $182000
8/9/96 94591 179 05 4.25 2511524 Vallejo $50,000.
49 2/9/97 15.00 02 177 1 $250,000.


CA 6.99 2 106990000511527 6111 E Birdcage  91 $37,200. 8/19/21 90 $186000
8/19/96 92669 300 03 2.25 2511527 Orange $37,200.
34 11/19/96 15.00 06 298 1 $248,000.

FL 5.99 2 112990000511541 11230 Pine Forest  81 $45,000. 8/16/21 67 $58000
8/16/96 34654 300 05 1.00 2511541 Newport Richey $45,000.
44 11/16/96 18.00 06 298 1 $154,000.


CA 5.99 2 106990000511545 27808  91 $19,000. 8/6/21 90 $96000
8/6/96 94545 300 09 2.75 2511545 Hayward $19,000.
44 11/6/96 15.00 00 298 1 $128,000.






CA 7.25 2 106990000511546 23340 Stone RDG 95 $25,900. 8/26/11 100 $225000
8/26/96 92562 180 05 3.25 2511546 Murrieta $25,900.
39 2/26/97 18.00 06 178 1 $250,990.

CA 11.25 2 106990000511549 5140 Via Seville 91 $35,000. 8/15/11 97 $182737
8/15/96 92056 180 03 3.00 2511549 Oceanside $35,000.
24 0 15.00 06 178 1 $225,000.



<PAGE>
CA 7.25 2 106990000511550 3044 Orange AVE 81 $50,000. 8/7/21 69 $100500
8/7/96 91214 300 05 0.50 2511550 La Crescenta $50,000.
40 2/7/97 15.00 02 298 1 $220,000.

FL 5.99 2 112990000511551 1833 Colonial DR 91 $38,400. 8/14/21 90 $307300
8/15/96 33071 299 03 2.25 2511551 Coral Springs $38,400.
38 11/15/96 18.00 00 298 1 $384,150.


VA 5.99 2 151990000511552 1142 Round  91 $15,000. 8/14/21 89 $428000
8/14/96 22094 300 03 2.25 2511552 Reston $50,000.
36 11/14/96 18.00 01 298 1 $538,000.

CA 5.99 2 106990000511553 22505 Joe Hooke  91 $21,000. 8/9/21 88 $95043
8/9/96 95370 300 05 3.25 2511553 Sonora $21,000.
46 11/9/96 18.00 06 298 1 $132,000.


VA 5.99 2 151990000511554 5503 West Ridge  91 $100,000. 8/16/21 90 $525000
8/16/96 22030 300 03 2.75 2511554 Fairfax $100,000.
37 11/16/96 18.00 06 298 1 $700,000.

CA 11. 2 106990000511555 15 Arbolado  91 $100,000. 8/22/11 89 $483669
8/22/96 90266 180 03 2.75 2511555 Manhattan Beach $100,000.
43 0 15.00 06 178 1 $660,000.


IN 5.99 2 118990000511561 5690 Terrytown  91 $25,000. 8/15/21 90 $73000
8/15/96 46254 300 05 2.00 2511561 Indianapolis $29,600.
23 11/15/96 18.00 06 298 1 $114,000.

NJ 5.99 2 134990000511562 101 Ridgeway LN 91 $23,100. 8/14/21 90 $115500
8/14/96 08062 300 05 2.25 2511562 Mullica Hill $23,100.
36 11/14/96 18.00 00 298 1 $154,000.


CA 7.25 2 106990000511563 14982 Venado DR 91 $26,509. 8/7/21 81 $258750
8/7/96 95683 300 05 2.25 2511563 Rancho Murieta $45,000.
42 2/7/97 18.00 03 298 1 $375,000.







<PAGE>
CA 7.25 2 106990000511564 636 Hancock DR 81 $50,000. 8/20/21 67 $97325
8/15/96 95630 300 05 1.50 2511564 Folsom $50,000.
50 2/15/97 18.00 02 298 1 $220,000.

CA 5.99 2 106990000511567 5965 Cahalan  91 $32,600. 8/13/21 90 $162700
8/13/96 95123 300 05 2.25 2511567 San Jose $32,600.
42 11/13/96 15.00 06 298 1 $217,000.


AL 7.25 2 101990000511569 3401 Tal-  81 $25,000. 8/26/21 79 $74767
8/20/96 35216 300 05 0.50 2511569 Birmingham $25,000.
28 2/20/97 18.00 02 298 1 $127,000.

WY 5.99 2 156990000511573 1515 Ramshorn  81 $50,000. 8/8/11 78 $259650
8/8/96 ****** 180 05 1.00 2511573 Dubois $50,000.
39 11/8/96 18.00 06 178 1 $399,500.


CA 7.99 2 106990000511574 78421 Orcabessa  91 $17,600. 8/15/21 90 $88100
8/15/96 92201 300 05 2.75 2511574 Bermuda  $17,600.
36 11/15/96 15.00 00 298 1 $117,500.

CA 7.25 2 106990000511575 1596 Bella Vista  91 $35,200. 8/19/21 90 $281600
8/19/96 92024 300 05 3.25 2511575 Encinitas $35,200.
42 2/19/97 15.00 00 298 1 $352,000.


ID 5.99 2 116990000511576 114 Par Drive 81 $15,000. 8/12/21 50 $59075
8/12/96 83611 300 05 0.25 2511576 Cascade $15,000.
30 11/12/96 18.00 06 298 1 $151,000.

CA 5.99 2 106990000511578 208 Ocean View  81 $25,000. 8/15/21 72 $152436
8/15/96 95062 300 10 0.25 2511578 Santa Cruz $50,000.
23 11/15/96 15.00 06 298 1 $282,000.


VA 5.99 2 151990000511581 8830 Lake Hills  91 $25,000. 8/8/11 89 $244000
8/8/96 22079 180 05 2.25 2511581 Lorton $25,000.
43 11/8/96 18.00 06 178 1 $305,000.

CA 7.25 2 106990000511582 2585 Park BLVD 91 $15,000. 8/7/21 85 $222350
8/7/96 94306 300 01 3.25 2511582 Palo Alto $15,000.
50 2/7/97 18.00 06 298 1 $280,000.



<PAGE>
CA 7.25 2 106990000511584 9462 La Colonia  91 $21,000. 8/15/21 85 $165000
8/15/96 92708 300 05 2.25 2511584 Fountain Valley $21,000.
31 2/15/97 18.00 06 298 1 $220,000.






GA 6.99 2 113990000511587 3232 Cloudland  91 $30,000. 7/29/21 82 $175000
7/30/96 30519 299 05 2.00 2511587 Buford $30,000.
34 10/30/96 18.00 00 297 1 $250,000.

CA 7.25 2 106990000511591 27849 N  91 $38,200. 7/14/11 90 $191250
8/14/96 91354 179 03 2.25 2511591 Valencia Area $38,200.
21 2/14/97 18.00 00 177 1 $255,014.


CO 5.99 2 108990000511592 108 Fitzsimmons  91 $10,000. 8/19/21 90 $48310
8/19/96 80421 300 05 3.25 2511592 Bailey $10,000.
32 11/19/96 18.00 03 298 1 $65,000.

NM 5.99 2 135990000511595 6308 Topke PL  91 $25,000. 7/16/21 86 $84729
8/16/96 87109 299 05 2.75 2511595 Albuquerque $25,000.
53 11/16/96 18.00 06 297 1 $128,000.


IN 5.99 2 118990000511597 3443 North  91 $12,000. 8/19/21 90 $51807
8/19/96 46226 300 05 3.25 2511597 Indianapolis $12,000.
40 11/19/96 18.00 02 298 1 $71,000.

CO 5.99 2 108990000511598 4881 S Indian  81 $10,000. 7/15/21 65 $48658
8/15/96 80439 299 05 0.50 2511598 Evergreen $10,000.
36 11/15/96 18.00 06 297 1 $91,000.


WA 11.5 2 153990000511600 13716 228th  91 $40,000. 8/13/11 99 $107211
8/13/96 98228 180 05 3.25 2511600 Arlington $40,000.
38 0 18.00 06 178 1 $149,500.

CA 7.25 2 106990000511603 236 Ordwat ST 95 $34,839.24 8/23/11 100 $189000
8/23/96 94134 180 05 3.75 2511603 San Francisco $51,000.
38 2/23/97 18.00 06 178 1 $240,000.



<PAGE>
CA 5.99 2 106990000511607 1660 El Verano  91 $64,500. 8/23/11 95 $344000
8/23/96 91362 180 05 3.75 2511607 Thousand Oaks $64,500.
40 11/23/96 15.00 00 178 1 $430,000.

TN 5.99 2 147990000511609 316 East Valley  91 $10,000. 8/14/21 90 $30332
8/14/96 37367 300 05 2.00 2511609 Pikeville $10,000.
30 11/14/96 1400.00 06 298 1 $45,000.


CA 7.25 2 106990000511615 470 Lakeview RD 81 $20,000. 8/5/21 80 $574689
8/5/96 91105 300 05 1.00 2511615 Pasadena $60,000.
45 2/5/97 15.00 03 298 1 $800,000.






FL 7.25 2 112990000511619 23 Heather Cove  90 $10,600. 8/12/11 90 $84800
8/12/96 33462 180 03 2.25 2511619 Boynton Beach $10,600.
30 2/12/97 18.00 06 178 1 $106,000.

CA 5.99 2 106990000511620 31305 Schmidt  90 $24,900. 8/19/11 90 $128045
8/19/96 92676 180 05 2.25 2511620 Silverado $24,900.
40 11/19/96 15.00 06 178 1 $170,000.


CA 5.99 2 106990000511622 9354 Hillrose ST 81 $25,300. 7/22/21 80 $145000
8/22/96 91040 299 05 1.50 2511622 Los Angeles $35,000.
36 11/22/96 15.00 06 297 1 $225,000.

GA 7.25 2 113990000511624 1208 Ascot CT 91 $30,350. 7/12/21 90 $119050
8/12/96 30144 299 03 2.25 2511624 Kennesaw $30,350.
43 11/12/96 18.00 01 297 1 $166,000.


UT 5.99 2 149990000511625 6299 Grecian  81 $26,400. 8/30/21 80 $45766
8/30/96 84128 300 05 0.75 2511625 West Valley City $42,200.
20 11/30/96 18.00 02 299 1 $110,000.

OR 5.99 2 141990000511628 6324 SW Ash  81 $15,000. 7/30/21 64 $124375
8/30/96 97219 299 05 0.25 2511628 Portland $20,000.
29 11/30/96 18.00 06 298 1 $228,000.



<PAGE>
OR 5.99 2 141990000511629 2088 Lilli LN 81 $15,000. 7/30/21 44 $125299
8/30/96 97034 299 05 0.25 2511629 Lake Oswego $50,000.
28 11/30/96 18.00 06 298 1 $405,000.

WA 5.99 2 153990000511630 7824 137th AVE  81 $28,000. 8/16/11 83 $122606
8/16/96 98290 180 05 1.25 2511630 Snohomish $50,000.
37 11/16/96 18.00 03 178 1 $210,000.


CA 5.99 2 106990000511631 1301 Quarry CT 90 $31,500. 8/6/11 90 $157500
8/6/96 94801 180 01 2.75 2511631 Richmond $31,500.
45 11/6/96 15.00 01 178 1 $210,000.

CO 5.99 2 108990000511633 525 Honeysuckle  91 $14,500. 7/23/21 81 $114750
8/23/96 81647 299 03 2.75 2511633 New Castle $14,500.
42 11/23/96 18.00 00 297 1 $160,000.


GA 5.99 2 113990000511636 3682 Howell  91 $12,500. 8/15/11 90 $200000
8/16/96 30136 179 05 3.25 2511636 Duluth $25,000.
38 11/16/96 18.00 06 178 1 $250,000.






UT 7.25 2 149990000511637 4870 S 1000 E 91 $17,000. 9/1/21 90 $168750
8/27/96 84403 300 05 3.25 2511637 South Ogden $33,750.
33 2/27/97 18.00 02 299 1 $225,000.

NJ 12. 2 134990000511648 67 Division ST 92 $20,200. 8/30/11 100 $179800
8/30/96 07003 180 10 3.75 2511648 Bloomfield $20,200.
50 0 18.00 06 179 1 $200,000.


NJ 7.25 2 134990000511651 240 Heather LN 81 $10,000. 7/22/11 64 $207286
8/22/96 07417 179 05 1.00 2511651 Franklin Lakes $100,000.
35 2/22/97 18.00 03 177 1 $482,000.

MA 7.25 2 125990000511652 179 Clinton RD 90 $58,000. 7/31/11 90 $464000
7/31/96 02146 180 05 2.25 2511652 Brookline $58,000.
26 1/31/97 18.00 00 178 1 $580,000.



<PAGE>
MI 7.25 2 126990000511654 1512 Kenton 80 $20,000. 9/3/11 78 $38000
9/3/96 48220 180 05 1.50 2511654 Ferndale $20,000.
40 3/1/97 18.00 06 179 1 $75,000.

MI 7.25 2 126990000511655 646 Prince  90 $26,400. 8/23/11 90 $132000
8/23/96 48843 180 05 3.25 2511655 Howell $26,400.
28 2/23/97 18.00 00 178 1 $176,000.


CA 5.99 2 106990000511659 2657 Glen  91 $27,500. 8/3/21 90 $220000
9/3/96 95148 299 05 2.25 2511659 San Jose $27,500.
26 12/3/96 15.00 00 298 1 $275,000.

OR 7.25 1 141990000511664 11710 NE Knott 81 $25,000. 7/26/21 25 $0
8/26/96 97220 299 05 0.50 2511664 Portland $25,000.
45 2/26/97 18.00 06 297 1 $104,000.


CA 7.25 2 106990000511666 13421  81 $157,600. 8/20/11 80 $274365
8/20/96 91423 180 05 1.50 2511666 Sherman Oaks $157,600.
47 2/20/97 15.00 01 178 1 $540,000.

CA 7.25 2 106990000511668 1749 Old  91 $23,000. 7/16/11 90 $165000
8/16/96 95132 179 05 2.75 2511668 San Jose $33,000.
38 2/16/97 15.00 02 177 1 $220,000.


CA 5.99 2 106990000511673 11414 Waterford  91 $50,000. 8/20/11 94 $300000
8/20/96 90049 180 05 3.75 2511673 Los Angeles $50,000.
24 11/20/96 15.00 00 178 1 $375,000.






OR 12.5 2 141990000511676 2061 Southwest  91 $38,000. 7/12/11 95 $114000
8/12/96 97080 179 05 4.25 2511676 Gresham $38,000.
28 0 18.00 06 177 1 $160,000.

CA 7.25 2 106990000511677 32126 Camino  91 $44,000. 7/21/11 90 $147824
8/21/96 92592 179 05 3.25 2511677 Temecula $44,000.
50 2/21/97 15.00 02 177 1 $215,000.



<PAGE>
MI 7.25 2 126990000511678 5841 Shaun 90 $53,500. 9/3/11 90 $122000
9/3/96 48322 180 05 3.25 2511678 West Bloomfield $53,500.
42 3/3/97 18.00 06 179 1 $195,000.

CA 7.25 2 106990000511679 3183 Sly Park  91 $8,000. 8/15/21 90 $81500
8/15/96 95726 300 05 2.75 2511679 Pollock Pines $10,000.
47 2/15/97 15.00 02 298 1 $102,000.


CA 7.25 2 106990000511687 835 East Country  91 $39,000. 7/22/21 90 $195000
8/22/96 93720 299 05 3.25 2511687 Fresno $39,000.
47 2/22/97 15.00 00 297 1 $260,000.

CA 7.25 2 106990000511690 1521 Bancroft  91 $29,300. 8/22/11 95 $179619
8/22/96 94577 180 05 4.25 2511690 San Leandro $29,300.
50 2/22/97 15.00 06 178 1 $220,000.


ID 7.25 2 116990000511691 2252 Towny  91 $50,800. 8/16/21 90 $93113
8/16/96 83706 300 05 2.75 2511691 Boise $50,800.
30 2/16/97 18.00 02 298 1 $160,000.

ID 7.25 2 116990000511693 8920 Donnybrook 91 $15,500. 8/21/21 89 $89250
8/21/96 83709 300 05 3.75 2511693 Boise $15,500.
43 2/21/97 18.00 02 298 1 $119,000.


DC 12. 2 111990000511695 2747  91 $22,950. 7/16/11 95 $413100
8/16/96 20008 179 05 3.75 2511695 WASHINGTON $22,950.
38 0 18.00 06 177 1 $460,000.

AZ 7.25 2 104990000511698 1444 East Desert  91 $49,200. 8/15/21 89 $268200
8/15/96 85048 300 05 2.75 2511698 Phoenix $50,000.
39 2/15/97 18.00 06 298 1 $358,000.


MI 7.25 2 126990000511699 35209 Cathedral 80 $61,500. 9/4/11 63 $19332
9/4/96 48312 180 05 1.50 2511699 Sterling Heights $61,500.
44 3/1/97 18.00 06 179 1 $130,000.







<PAGE>
GA 5.99 2 113990000511700 4967 Mystere CIR 81 $21,600. 8/11/21 80 $132000
8/12/96 30247 299 05 0.50 2511700 Lilburn $21,600.
47 11/12/96 18.00 00 298 1 $192,000.

CA 5.99 2 106990000511701 677 Warrendale  91 $23,400. 8/14/21 85 $175500
8/14/96 93065 300 03 2.25 2511701 Simi Valley $23,400.
42 11/14/96 15.00 00 298 1 $234,000.


NM 5.99 2 135990000511703 3505 Stardust DR  81 $34,000. 8/21/21 80 $79193
8/21/96 87110 300 05 0.25 2511703 Albuquerque $44,000.
45 11/21/96 18.00 06 298 1 $154,000.

CA 7.25 2 106990000511705 5601 Geer  91 $15,000. 7/16/21 90 $75000
8/16/96 90016 299 05 3.25 2511705 Los Angeles $15,000.
45 2/16/97 15.00 06 297 1 $100,000.


CA 6.99 2 106990000511706 1503 Mt Lassen  91 $25,000. 7/16/21 90 $145387
8/16/96 95127 299 05 2.75 2511706 San Jose $25,000.
48 11/16/96 15.00 06 297 1 $190,000.

CA 5.99 2 106990000511707 2 S Encino RD 81 $80,000. 8/20/21 48 $121250
8/20/96 92677 300 03 1.50 2511707 Laguna Beach $80,000.
48 11/20/96 15.00 06 298 1 $425,000.


OR 7.25 2 141990000511710 3019 SE 176th  91 $47,000. 7/14/11 90 $45665
8/14/96 97236 179 05 3.25 2511710 Portland $47,000.
33 2/14/97 18.00 06 177 1 $103,000.

CA 6.99 2 106990000511712 1852 Pattiz  91 $25,000. 8/13/11 89 $140250
8/13/96 90815 180 05 2.25 2511712 Long Beach $25,000.
31 11/13/96 15.00 01 178 1 $187,000.


GA 5.99 2 113990000511713 602 Stratford  91 $12,600. 8/8/11 90 $63000
8/9/96 30002 179 05 2.25 2511713 Avondale Estates $12,600.
37 11/9/96 18.00 00 178 1 $84,000.

CA 7.25 2 106990000511715 765 Prickly Pear  81 $172,000. 7/19/21 68 $500000
8/19/96 93420 299 05 1.75 2511715 Arroyo Grande $172,000.
35 2/19/97 15.00 03 297 1 $990,000.



<PAGE>
CA 7.25 2 106990000511717 3989 Monterey  91 $33,700. 7/13/21 89 $168750
8/13/96 91320 299 05 2.75 2511717 Newbury Park $33,750.
37 2/13/97 15.00 06 297 1 $230,000.






CA 5.99 2 106990000511719 419 Purdy 91 $37,500. 7/26/21 90 $187500
8/26/96 92870 299 05 2.25 2511719 Placentia $37,500.
43 11/26/96 15.00 00 297 1 $250,000.

WA 7.25 2 153990000511720 2442 Monterey  91 $25,000. 8/20/21 83 $90000
8/20/96 98056 300 05 2.25 2511720 Renton $25,000.
34 2/20/97 18.00 03 298 1 $140,000.


NV 6.99 2 132990000511722 5350 Iroquois  81 $15,000. 7/20/21 75 $163170
8/20/96 89502 299 05 0.50 2511722 Reno $15,000.
39 11/20/96 18.00 02 297 1 $240,000.

CA 5.99 2 106990000511723 28471 La Falda 91 $32,000. 7/26/21 90 $256000
7/26/96 92677 300 03 2.25 2511723 Laguna Niguel $32,000.
41 10/26/96 15.00 00 297 1 $320,000.


FL 7.25 2 112990000511734 7800 Sunset DR 81 $31,000. 8/12/11 73 $324000
8/12/96 33143 180 05 1.00 2511734 Miami $50,000.
36 2/12/97 18.00 06 178 1 $513,000.

CA 5.99 2 106990000511740 283-285 North  91 $10,000. 8/16/21 87 $188600
8/16/96 93003 300 10 2.75 2511740 Ventura $20,000.
50 11/17/96 15.00 06 298 1 $242,000.


NC 5.99 2 137990000511744 3209 Fairington  90 $14,400. 8/12/11 96 $76311
8/12/96 28079 180 05 4.25 2511744 Indian Trail $14,400.
48 11/12/96 1600.00 02 178 1 $95,000.

NY 5.99 2 136990000511745 33 Elk RD 81 $13,600. 8/29/21 80 $47941
8/29/96 12533 300 05 0.50 2511745 East Fishkill  $13,600.
34 11/29/96 18.00 06 298 1 $77,000.



<PAGE>
CA 5.99 2 106990000511751 422 Oxford Way 91 $10,000. 8/8/11 95 $212204
8/8/96 94002 180 05 3.75 2511751 Belmont $25,200.
43 11/9/96 15.00 06 178 1 $250,000.

CA 7.25 2 106990000511753 16971 S Pacific  81 $200,000. 8/12/21 54 $650000
8/12/96 90742 300 05 1.00 2511753 Sunset Beach $200,000.
12 2/12/97 15.00 00 298 1 $1,600,000.


PA 7.25 2 142990000511756 1640 Oakwood  91 $5,000. 7/9/21 90 $80000
8/9/96 19072 299 01 2.25 2511756 Penn Valley $17,200.
41 2/9/97 18.00 06 297 1 $108,000.






OR 7.25 2 141990000511758 1417 Madison ST 91 $20,000. 8/4/21 84 $67579
9/4/96 97045 299 05 2.00 2511758 Oregon City $20,000.
30 3/4/97 18.00 06 298 1 $105,500.

CA 5.99 2 106990000511760 30240 Cool  91 $38,000. 7/30/11 95 $258667
8/30/96 92082 179 05 3.75 2511760 Valley Center $38,000.
44 11/30/96 15.00 01 178 1 $315,000.


CA 7.25 2 106990000511762 2666 Toy LN 91 $35,900. 10/1/21 95 $191600
8/30/96 95121 301 05 3.75 2511762 San Jose $35,900.
29 2/28/97 15.00 00 300 1 $239,500.

NM 5.99 2 135990000511763 5621  81 $4,000. 8/16/21 62 $50000
8/16/96 87120 300 05 0.50 2511763 Albuquerque $30,000.
38 11/16/96 18.00 00 298 1 $129,500.


CA 6.99 2 106990000511766 420 Dimm ST 91 $32,925. 8/21/21 90 $164625
8/21/96 94805 300 05 2.25 2511766 Richmond $32,925.
42 11/21/96 15.00 00 298 1 $219,500.

FL 7.25 2 112990000511769 1255  81 $24,450. 7/28/21 80 $59550
8/28/96 33139 299 01 1.00 2511769 Miami Beach $24,450.
32 2/28/97 18.00 06 297 1 $105,000.



<PAGE>
WA 11.5 2 153990000511771 6203 Madrona  91 $13,092. 7/15/11 93 $145000
8/15/96 98422 179 05 3.25 2511771 Tacoma $15,000.
40 0 18.00 06 177 1 $173,000.

CA 6.99 2 106990000511779 4728 Amanda PL 91 $50,930. 7/30/21 90 $407445
7/30/96 94566 300 05 2.25 2511779 Pleasanton $50,930.
37 10/30/96 15.00 06 298 1 $510,000.


FL 7.25 2 112990000511786 2001 S Surf RD 81 $50,000. 7/27/21 80 $150000
8/27/96 33019 299 01 0.50 2511786 Hollywood $50,000.
42 2/27/97 18.00 06 297 1 $250,000.

MI 7.25 2 126990000511793 4691 Rolling  90 $32,541.21 8/12/11 89 $271500
8/12/96 48323 180 05 3.25 2511793 West Bloomfield $50,000.
25 2/12/97 18.00 01 178 1 $362,000.


CA 7.25 2 106990000511806 4162 Salacia DR 91 $39,000. 8/19/21 90 $195000
8/19/96 92720 300 05 2.75 2511806 Irvine $39,000.
43 2/19/97 15.00 00 298 1 $260,000.






NC 7.25 2 137990000511819 114 Lochwood E 90 $49,150. 8/14/11 95 $233000
8/14/96 27511 180 03 3.50 2511819 Cary $49,150.
25 2/14/97 1600.00 06 178 1 $297,000.

NY 5.99 2 136990000511822 2 Canton CT 91 $29,000. 8/26/21 90 $209387
8/26/96 11229 300 10 2.75 2511822 Brooklyn $29,000.
46 11/26/96 18.00 02 298 1 $265,000.


WA 7.25 2 153990000511840 609 Van De  81 $18,000. 8/26/21 80 $82155
8/26/96 98031 300 05 0.50 2511840 Kent $18,000.
45 2/26/97 18.00 02 298 1 $126,000.

CA 7.25 2 106990000511843 413 4th ST 91 $49,500. 7/26/21 90 $396000
8/26/96 90266 299 05 2.75 2511843 Manhattan Beach $49,500.
40 2/26/97 15.00 00 297 1 $495,000.



<PAGE>
CA 5.99 2 106990000511846 17209 Horst AVE 91 $35,800. 8/20/11 95 $191200
8/20/96 90701 180 05 3.75 2511846 Cerritos $35,800.
44 11/20/96 15.00 00 178 1 $239,000.

CA 7.25 2 106990000511847 3222 Yellowtail  91 $32,600. 7/30/11 95 $257100
7/30/96 90720 180 05 3.75 2511847 Los Alamitos  $32,600.
43 1/30/97 15.00 02 178 1 $305,000.


CA 7.25 2 106990000511848 27 Blue Jay DR 91 $50,000. 7/7/11 95 $276000
8/7/96 92656 179 03 3.75 2511848 Aliso Viejo Area $50,000.
45 2/7/97 15.00 06 177 1 $345,000.

CA 7.25 2 106990000511849 222 E Miramar  81 $20,000. 8/12/11 64 $118889
8/12/96 91711 180 05 1.50 2511849 Claremont $25,000.
48 2/13/97 15.00 02 178 1 $225,000.


CA 5.99 2 106990000511850 1130 Dianron RD 91 $16,500. 7/23/11 90 $82500
8/23/96 93551 179 05 2.25 2511850 Palmdale $16,500.
25 11/24/96 15.00 01 177 1 $110,000.

PA 5.99 2 142990000511851 430 Lyndhurst 81 $36,500. 9/6/21 90 $130000
9/6/96 19008 300 05 2.25 2511851 Marple $36,500.
40 12/6/96 18.00 00 299 1 $185,000.


CA 7.25 2 106990000511853 1367 Jonesboro  91 $54,100. 8/28/21 88 $432900
8/28/96 90049 300 05 2.75 2511853 Los Angeles $54,100.
34 2/28/97 15.00 00 298 1 $555,000.






CA 7.25 2 106990000511854 9080 Manzanita  91 $28,700. 7/12/11 82 $186000
8/12/96 91737 179 05 4.25 2511854 Rancho  $28,700.
35 2/12/97 15.00 02 177 1 $265,000.

WA 7.25 2 153990000511856 4037 134th AVE  91 $25,050. 8/13/11 95 $150656
8/13/96 98006 180 05 3.75 2511856 Bellevue $25,050.
39 2/13/97 18.00 06 178 1 $185,000.



<PAGE>
WA 7.25 2 153990000511857 12223 58th PL SE 91 $30,000. 7/21/11 90 $84171
8/21/96 98290 179 05 2.25 2511857 Snohomish $30,000.
42 2/21/97 18.00 02 177 1 $127,500.

CA 7.25 2 106990000511858 300 W 25th ST 91 $16,315. 7/5/21 85 $199810
8/5/96 91784 299 05 2.00 2511858 Upland Area $44,000.
30 2/5/97 15.00 03 297 1 $290,000.


CA 7.25 2 106990000511860 1887 San Cataldo  91 $28,500. 8/14/21 90 $142500
8/14/96 90815 300 05 2.25 2511860 Long Beach $28,500.
42 2/14/97 15.00 00 298 1 $190,000.

CA 5.99 2 106990000511861 5800 Shepard  91 $50,000. 7/14/11 94 $208000
8/14/96 95819 179 05 3.75 2511861 Sacramento $50,000.
43 11/14/96 15.00 06 177 1 $275,000.


CA 7.25 2 106990000511862 7036 Sundance  91 $31,504.5 7/19/11 84 $600000
8/19/96 92669 179 05 2.25 2511862 Orange $50,000.
28 2/19/97 15.00 01 177 1 $775,000.

CA 5.99 2 106990000511868 6054 Avenida  81 $50,000. 7/13/11 73 $160000
8/13/96 92687 179 05 1.00 2511868 Yorba Linda $50,000.
50 11/13/96 15.00 06 177 1 $290,000.


NM 9.25 1 135990000511871 1641 Cliffside  81 $148,000. 7/19/11 80 $0
8/19/96 87105 179 05 1.00 2511871 Albuquerque $148,000.
40 0 18.00 06 177 1 $186,000.

CA 7.25 2 106990000511872 324 Bretano WAY 81 $50,000. 8/19/21 80 $360555
8/19/96 94904 300 05 1.00 2511872 Greenbrae $99,000.
39 2/19/97 15.00 06 298 1 $575,000.


IL 7.25 2 117990000511874 1150 Arbor CT 90 $90,000. 8/1/11 86 $666750
8/1/96 60044 180 05 2.25 2511874 Lake Bluff $90,000.
37 2/1/97 18.00 00 178 1 $889,000.







<PAGE>
CA 8.25 2 106990000511875 6274 Gunther  91 $34,050. 3/22/21 90 $170250
4/22/96 95123 299 05 2.75 2511875 San Jose $34,050.
40 7/23/96 15.00 06 293 1 $227,000.

NM 5.99 2 135990000511876 1200 Galesteo ST 81 $30,000. 7/20/11 23 $18000
8/20/96 87505 179 05 2.75 2511876 Santa Fe $36,000.
45 11/20/96 18.00 02 177 1 $240,000.


CA 7.25 2 106990000511880 1920 Grosse AVE 91 $40,000. 8/16/21 87 $227634
8/16/96 95404 300 05 2.25 2511880 Santa Rosa $40,000.
33 2/16/97 15.00 06 298 1 $310,000.

HI 5.99 2 115990000511883 94-681 Lahaole  91 $10,485. 8/22/21 90 $191250
8/22/96 96797 300 03 2.25 2511883 Waipahu $38,250.
43 11/22/96 18.00 02 298 1 $255,000.


UT 5.99 2 149990000511885 126 E Wilson RD 81 $21,600. 9/5/21 80 $74599
9/5/96 84054 300 05 0.50 2511885 North Salt Lake $27,800.
43 12/5/96 18.00 02 299 1 $128,000.

NY 5.99 2 136990000511887 45 Webster AVE 91 $35,400. 7/23/11 87 $206667
8/23/96 10528 179 05 3.25 2511887 Harrison $35,400.
48 11/28/96 18.00 06 177 1 $280,000.


CA 5.99 2 106990000511890 12 Horseshoe  91 $20,000. 8/20/21 82 $236590
8/20/96 94954 300 03 2.25 2511890 Petaluma $20,000.
45 11/20/96 15.00 01 298 1 $315,000.

CA 5.99 2 106990000511893 9 Cypress WAY 81 $100,000. 8/8/21 73 $115000
8/8/96 90274 300 09 1.00 2511893 Rolling Hills  $100,000.
38 11/8/96 15.00 00 298 1 $295,000.


CA 5.99 2 106990000511901 125 Connemara  91 $21,400. 8/23/21 90 $171200
8/23/96 94087 300 09 2.75 2511901 Sunnyvale $21,400.
36 11/23/96 15.00 06 298 1 $214,000.

WA 7.25 1 153990000511902 5406 1st AVE  81 $30,500. 10/1/21 36 $0
9/3/96 98107 300 05 1.50 2511902 Seattle $65,000.
42 3/3/97 18.00 06 300 1 $183,000.



<PAGE>
FL 5.99 2 112990000511904 7135 SW 147 CT 91 $28,000. 8/24/21 90 $98000
8/24/96 33193 300 05 3.75 2511904 Miami $28,000.
11 11/24/96 18.00 06 298 1 $140,000.






CA 5.99 2 106990000511906 1634 Mountain  91 $27,014.5 8/23/21 90 $260000
8/23/96 94611 300 05 2.75 2511906 Oakland $32,500.
31 11/23/96 15.00 02 298 1 $325,000.

CA 5.99 2 106990000511907 9437 Skye CT 91 $49,800. 8/9/11 90 $202185
8/9/96 95746 180 05 2.25 2511907 Granite Bay $49,800.
46 11/9/96 15.00 06 178 1 $280,000.


CA 5.99 2 106990000511908 440 W Schulte  91 $2,215. 8/26/11 93 $225000
8/26/96 95376 180 05 4.25 2511908 Tracy $25,000.
47 11/26/96 15.00 06 178 1 $270,000.

NJ 5.99 2 134990000511911 9019 Columbia  91 $10,700.87 9/4/21 89 $124817
9/4/96 07047 300 05 3.25 2511911 North Bergen $60,000.
50 12/4/96 18.00 06 299 1 $210,000.


NM 5.99 2 135990000511916 531 Barela LN 81 $24,000. 7/22/21 58 $50444
8/22/96 87501 299 05 0.50 2511916 Santa Fe $24,000.
37 11/22/96 18.00 02 297 1 $130,000.

WA 7.25 2 153990000511918 912 S 33rd AVE 91 $20,700. 8/20/11 94 $93305
8/20/96 98902 180 05 4.25 2511918 Yakima $20,700.
50 2/20/97 18.00 06 178 1 $122,000.


CO 5.99 2 108990000511925 9220 W 98th AVE 81 $5,250. 7/22/21 80 $88258
8/22/96 80021 299 05 0.50 2511925 Westminster $15,700.
42 11/22/96 18.00 06 297 1 $130,000.

CO 5.99 2 108990000511939 40570 Galley RD 91 $20,000. 7/23/11 94 $156423
8/23/96 80477 179 05 3.75 2511939 Steamboat Springs $20,000.
40 11/23/96 18.00 02 177 1 $188,000.



<PAGE>
NM 5.99 2 135990000511941 3006  81 $10,000. 7/23/21 77 $50182
8/23/96 87110 299 05 0.50 2511941 Albuquerque $25,000.
24 11/23/96 18.00 06 297 1 $98,000.

CA 5.99 2 106990000511945 349 Sacramento  81 $10,500. 8/16/21 76 $140000
8/16/96 93004 300 05 0.50 2511945 Ventura $50,000.
41 11/16/96 15.00 06 298 1 $250,000.


CA 5.99 2 106990000511946 10 Banstead 91 $38,700. 8/15/21 90 $193400
8/15/96 92679 300 03 2.25 2511946 Dove Canyon $38,700.
45 11/16/96 15.00 00 298 1 $259,700.






WA 5.99 2 153990000511948 11708 139th  91 $35,000. 8/12/21 81 $81917
8/12/96 98374 300 05 2.25 2511948 Puyallup $35,000.
35 11/12/96 18.00 06 298 1 $145,000.

MD 5.99 2 124990000511986 6782 Mink  91 $38,200. 9/1/21 90 $191150
8/27/96 20777 300 05 2.25 2511986 Highland $38,200.
42 11/27/96 18.00 00 299 1 $254,900.


WA 5.99 2 153990000511989 6002 Church RD 91 $48,500. 7/21/21 88 $135500
8/21/96 98092 299 05 3.25 2511989 Ferndale $48,500.
50 11/21/96 18.00 00 297 1 $210,000.

CA 7.25 2 106990000511990 5214 Omar ST 91 $15,700. 8/14/21 90 $173229
8/14/96 94538 300 05 2.00 2511990 Fremont $15,700.
23 2/14/97 15.00 03 298 1 $210,000.


CA 5.99 2 106990000511993 132 Loyola AVE 91 $17,500. 8/28/21 90 $140000
8/28/96 93003 300 05 2.75 2511993 Ventura $17,500.
42 11/28/96 15.00 00 298 1 $175,000.

CA 5.99 2 106990000511994 13 Sierra Vista 91 $66,867. 7/21/21 90 $572000
8/21/96 92677 299 05 3.25 2511994 Laguna Niguel $71,000.
43 11/22/96 15.00 02 297 1 $715,000.



<PAGE>
CA 5.99 2 106990000511997 605 Rossmore RD 91 $25,000. 7/23/21 87 $196286
8/23/96 93117 299 05 2.75 2511997 Goleta $25,000.
40 11/23/96 15.00 02 297 1 $257,000.

CA 7.25 2 106990000512000 550 Aileen Street 91 $18,000. 7/19/21 90 $144000
8/19/96 94609 299 05 2.50 2512000 Oakland $18,000.
29 2/19/97 15.00 00 297 1 $180,000.


CA 7.25 2 106990000512002 11446 Tongareva  81 $25,000. 8/23/11 70 $260000
8/23/96 90265 180 05 1.00 2512002 Malibu $50,000.
36 2/23/97 15.00 06 178 1 $445,000.

CA 5.99 2 106990000512003 4925 Collet  91 $40,500. 8/20/21 90 $202500
8/20/96 91436 300 05 2.75 2512003 Encino $40,500.
38 11/20/96 15.00 00 298 1 $270,000.


CA 5.99 2 106990000512004 2913 3rd Street  91 $43,300. 8/23/21 90 $346400
8/23/96 90402 300 05 2.75 2512004 Santa Monica $43,300.
48 11/23/96 15.00 00 298 1 $433,000.






CA 5.99 2 106990000512007 780 Miramar AVE 91 $15,500. 8/28/21 90 $124000
8/28/96 90804 300 05 3.25 2512007 Long Beach $15,500.
49 11/28/96 15.00 01 298 1 $155,000.

CA 5.99 2 106990000512011 2707 Delaware  91 $36,700. 7/23/21 90 $293600
8/23/96 94061 299 05 2.75 2512011 Redwood City $36,700.
39 11/23/96 15.00 00 297 1 $367,000.


CA 6.99 2 106990000512012 363 Walnut Drive 91 $43,200. 8/22/21 90 $207000
8/22/96 93003 300 05 2.25 2512012 Ventura $43,200.
45 11/22/96 15.00 00 298 1 $278,000.

CA 5.99 2 106990000512014 23465 Duryea DR 91 $30,450. 8/15/11 90 $152250
8/15/96 92630 180 05 2.25 2512014 Lake Forest $30,450.
35 11/15/96 15.00 00 178 1 $203,000.



<PAGE>
CA 6.99 2 106990000512015 6258 Timberlane  91 $33,200. 8/29/21 90 $265600
8/29/96 ****** 300 05 2.25 2512015 Agoura Hills $33,200.
40 11/29/96 15.00 00 298 1 $332,000.

MI 7.25 2 126990000512017 8534  90 $50,000. 9/7/11 86 $82500
9/7/96 48348 180 05 3.25 2512017 Clarkston $50,000.
40 3/7/97 18.00 06 179 1 $155,000.


CA 7.25 2 106990000512020 1663 Addax 91 $28,900. 7/22/21 90 $85364
8/22/96 93003 299 05 2.75 2512020 Ventura $28,900.
45 2/22/97 15.00 01 297 1 $127,000.

MI 7.25 2 126990000512021 7024 Alta Vista  90 $9,000. 8/16/11 89 $266300
8/16/96 48323 180 05 3.25 2512021 West Bloomfield $30,000.
28 2/16/97 18.00 06 178 1 $333,000.


CA 5.99 2 106990000512023 9924 Rancho  91 $41,250. 7/20/21 90 $206250
8/20/96 91040 299 05 2.25 2512023 Shadow Hills $41,250.
29 11/20/96 15.00 00 297 1 $275,000.

NY 5.99 2 136990000512026 35 Hunter DR 81 $66,000. 8/28/11 80 $350000
8/28/96 10709 180 05 1.00 2512026 Eastchester $66,000.
20 11/28/96 18.00 00 178 1 $520,000.


FL 5.99 2 112990000512031 3894 Bimini AVE 81 $33,000. 8/13/21 71 $207000
8/14/96 33026 299 03 0.25 2512031 Cooper City $33,000.
30 11/14/96 18.00 00 298 1 $339,000.






CA 12. 2 106990000512032 13341  91 $60,000. 8/21/11 99 $210170
8/21/96 93312 180 05 3.75 2512032 Bakersfield $60,000.
34 0 15.00 02 178 1 $275,000.

CA 7.25 2 106990000512034 55 Aspen WAY 91 $32,000. 8/12/21 90 $256000
8/12/96 90274 300 09 2.25 2512034 Rolling Hills  $32,000.
45 2/12/97 15.00 00 298 1 $320,000.



<PAGE>
GA 5.99 2 113990000512036 355 Eureka DR 81 $21,000. 8/12/11 80 $207000
8/13/96 30305 179 05 0.50 2512036 Atlanta $21,000.
35 11/13/96 18.00 00 178 1 $285,000.

NY 5.99 2 136990000512038 104 Hillwood DR 81 $5,691. 8/27/21 74 $95000
8/27/96 11746 300 05 1.00 2512038 Huntington  $25,000.
50 11/27/96 18.00 06 298 1 $163,000.


SC 5.99 1 145990000512039 755 Burcale RD 81 $40,000. 8/30/11 74 $0
8/26/96 29577 180 01 1.00 2512039 Myrtle Beach $40,000.
37 11/26/96 18.00 06 179 1 $54,100.

CA 5.99 2 106990000512044 751 Wildwood  91 $50,000. 8/14/21 90 $534000
8/14/96 91360 300 05 2.50 2512044 Thousand Oaks $50,000.
21 11/14/96 15.00 02 298 1 $650,000.


CA 5.99 2 106990000512052 471 "C" ST 91 $62,000. 8/7/11 83 $77405
8/7/96 94541 180 05 3.25 2512052 Hayward $62,000.
49 11/7/96 15.00 06 178 1 $170,000.

CA 5.99 2 106990000512053 6 Bennet RD 91 $51,200. 7/16/21 90 $409600
8/16/96 94062 299 05 2.75 2512053 Redwood City $51,200.
37 11/16/96 15.00 00 297 1 $512,000.


FL 5.99 2 112990000512055 2493 Stonegate  90 $5,000. 8/17/11 94 $147000
8/17/96 33414 180 03 3.25 2512055 West Palm Beach $26,850.
40 11/17/96 18.00 06 178 1 $185,000.

UT 7.25 2 149990000512057 4367 W 5615 S 91 $13,600. 7/23/11 95 $65250
8/23/96 84118 179 05 3.75 2512057 Salt Lake City $13,600.
43 2/23/97 18.00 01 177 1 $83,000.


CA 5.99 2 106990000512060 690 Sandy Hook  91 $45,500. 8/27/21 90 $364000
8/27/96 94404 300 05 2.00 2512060 Foster City $45,500.
19 11/27/96 15.00 00 298 1 $460,000.







<PAGE>
CA 5.99 2 106990000512061 2953 Frontera  91 $42,900. 7/9/21 90 $343200
8/9/96 94010 299 05 2.75 2512061 Burlingame $42,900.
37 11/9/96 15.00 00 297 1 $429,000.

CA 5.99 2 106990000512067 311 N Primrose  91 $42,700. 8/21/21 86 $207000
8/21/96 91016 300 05 3.25 2512067 Monrovia $45,000.
47 11/21/96 15.00 02 298 1 $295,000.


UT 7.25 1 149990000512068 642 W 1680 N 81 $10,000. 8/4/21 53 $0
9/4/96 84015 299 05 0.50 2512068 Clinton $50,000.
38 3/4/97 18.00 06 298 1 $95,000.

FL 5.99 2 112990000512069 289 Lazy  91 $21,700. 8/16/11 95 $92288
8/16/96 32825 180 03 3.75 2512069 Jacksonville $21,700.
33 11/16/96 18.00 06 178 1 $120,000.


WA 11.5 2 153990000512070 609 W First ST 91 $35,000. 8/20/11 98 $90000
8/20/96 98276 180 05 3.25 2512070 Nooksack $35,000.
21 0 18.00 06 178 1 $128,000.

CA 7.25 2 106990000512073 3739 Swallow  91 $30,797.32 8/26/21 90 $288000
8/26/96 95051 300 05 2.25 2512073 Santa Clara $36,000.
40 2/26/97 15.00 01 298 1 $360,000.


CA 12. 2 106990000512075 55 Paraiso CT 91 $51,450. 8/14/11 95 $274400
8/14/96 94526 180 05 3.75 2512075 Danville $51,450.
43 0 15.00 00 178 1 $343,000.

UT 5.99 2 149990000512079 9730 S Tweed RD 91 $59,569. 7/30/21 97 $70786
8/30/96 84095 299 05 4.25 2512079 South Jordan $59,569.
47 11/30/96 18.00 06 298 1 $135,000.


GA 6.99 2 113990000512085 2900 Maple WAY 81 $6,836.5 7/22/21 75 $39886
8/22/96 30134 299 05 0.50 2512085 Douglasville $10,000.
30 11/22/96 18.00 06 297 1 $67,000.

CA 11.5 2 106990000512086 1250 Formosa DR 92 $30,000. 8/26/11 100 $225000
8/26/96 95131 180 09 3.25 2512086 San Jose $30,000.
41 0 15.00 02 178 1 $255,000.



<PAGE>
AL 5.99 2 101990000512087 3936 Ridgeland  91 $41,200. 7/22/21 90 $206163
8/22/96 36105 299 05 3.25 2512087 Montgomery $41,200.
43 11/22/96 18.00 00 297 1 $275,000.






GA 7.25 2 113990000512088 1940 Millers  91 $17,000. 8/20/21 90 $151487
8/15/96 30131 300 05 2.75 2512088 Cumming $27,600.
48 2/15/97 18.00 02 298 1 $200,000.

CA 5.99 2 106990000512089 8826 Blueboy  81 $20,000. 8/20/21 59 $42500
8/20/96 92071 300 05 0.25 2512089 Santee $50,000.
15 11/21/96 15.00 03 298 1 $158,000.


CA 6.99 2 106990000512090 1369 Zurich TER 91 $42,450. 8/15/11 95 $226400
8/15/96 94087 180 09 3.75 2512090 Sunnyvale $42,450.
41 11/15/96 18.00 00 178 1 $283,000.

UT 5.99 2 149990000512093 558 North 100  91 $35,300. 8/30/21 90 $115000
8/30/96 84043 300 05 3.25 2512093 Lehi $35,300.
35 11/30/96 18.00 03 299 1 $167,000.


CA 7.25 2 106990000512094 3182 Oleander  91 $12,504. 8/14/11 90 $129600
8/14/96 92069 180 05 2.25 2512094 San Marcos $16,200.
36 2/14/97 15.00 01 178 1 $162,000.

FL 5.99 2 112990000512095 402 Mallard LN 81 $18,000. 8/13/21 70 $207000
8/14/96 33327 299 03 0.25 2512095 Fort Lauderdale $18,000.
27 11/14/96 18.00 00 298 1 $325,000.


MI 7.25 2 126990000512096 5266 Potomac  90 $20,000. 9/6/11 90 $105350
9/6/96 48322 180 01 2.75 2512096 West Bloomfield $20,000.
40 3/6/97 18.00 02 179 1 $140,500.

CA 5.99 2 106990000512100 3441 Barrington  91 $17,000. 8/19/21 95 $83350
8/19/96 95864 300 05 3.75 2512100 Sacramento $17,000.
39 11/19/96 15.00 06 298 1 $106,000.



<PAGE>
CA 6.99 2 106990000512109 5718 Fallston ST 91 $16,500. 7/21/11 87 $113456
8/21/96 90042 179 05 2.25 2512109 Los Angeles $16,500.
32 11/21/96 15.00 02 177 1 $150,000.

CA 12. 2 106990000512112 24562 Vanessa  91 $33,100. 7/22/11 95 $176800
8/22/96 92691 179 05 3.75 2512112 Mission Viejo $33,100.
45 0 15.00 00 177 1 $221,000.


CA 5.99 2 106990000512113 4231 Ogden DR 91 $35,700. 8/15/21 90 $178500
8/15/96 94538 300 05 2.75 2512113 Fremont $35,700.
46 11/15/96 15.00 00 298 1 $238,000.






CA 5.99 2 106990000512115 730 Diablo  91 $33,000. 7/26/21 90 $111000
8/26/96 93021 299 05 2.75 2512115 Moorpark $33,000.
48 11/26/96 15.00 06 297 1 $160,000.

CA 7.25 2 106990000512119 3231 Santa Maria  91 $36,700. 8/21/21 90 $161250
8/21/96 95051 300 05 2.25 2512119 Santa Clara $36,700.
39 2/21/97 15.00 01 298 1 $220,000.


CA 5.99 2 106990000512124 12291 Coleman  91 $25,500. 7/22/11 95 $136000
8/22/96 95018 179 05 3.75 2512124 Felton $25,500.
43 11/22/96 15.00 02 177 1 $170,000.

CA 7.25 2 106990000512128 5296 Willow  91 $32,500. 8/27/21 90 $260000
8/27/96 90274 300 05 2.25 2512128 Rolling Hills  $32,500.
28 2/27/97 15.00 00 298 1 $325,000.


CA 5.99 2 106990000512132 16681 Baruna LN 91 $21,250. 8/13/21 85 $340000
8/13/96 92649 300 05 2.25 2512132 Huntington Beach $21,250.
31 11/14/96 15.00 00 298 1 $425,000.

CA 5.99 2 106990000512134 1031 Stonehedge  81 $56,000. 8/14/21 80 $207000
8/14/96 91740 300 05 1.00 2512134 Glendora $56,000.
40 11/14/96 15.00 00 298 1 $329,000.



<PAGE>
CA 5.99 2 106990000512136 9515 Candlelight  91 $23,700. 7/9/11 95 $54141
8/9/96 92308 179 05 3.50 2512136 Apple Valley $23,700.
22 11/9/96 15.00 06 177 1 $82,000.

CA 5.99 2 106990000512139 349 Hillsboro  81 $25,000. 7/22/21 80 $207000
8/22/96 93117 299 03 0.50 2512139 Goleta $25,000.
36 11/22/96 15.00 00 297 1 $290,000.


CA 11. 2 106990000512143 3644 Cottonwood  91 $18,750. 8/22/11 90 $93750
8/22/96 91792 180 01 2.75 2512143 West Covina $18,750.
35 0 15.00 00 178 1 $125,000.

UT 7.25 2 149990000512144 1187 E 4975 S 91 $29,300. 9/5/21 87 $165500
9/5/96 84403 300 05 2.25 2512144 Ogden $29,300.
33 3/5/97 18.00 06 299 1 $225,000.


CO 5.99 1 108990000512147 3633 Windflower  81 $5,000. 8/21/21 9 $0
8/21/96 80918 300 05 0.25 2512147 Colorado Springs $10,000.
28 11/21/96 18.00 02 298 1 $117,000.






UT 7.25 2 149990000512148 907 N 290 E 81 $9,264.89 8/6/11 74 $83030
9/6/96 84003 179 05 0.25 2512148 American Fork $40,000.
30 3/6/97 18.00 06 178 1 $167,000.

CA 5.99 2 106990000512149 8520 W Camden  91 $39,500. 8/16/11 95 $188500
8/16/96 95624 180 05 3.75 2512149 Elk Grove $39,500.
49 11/16/96 15.00 01 178 1 $240,000.


CO 5.99 2 108990000512150 1383 Paris CIR 81 $22,000. 8/20/21 49 $51428
8/20/96 80134 300 05 0.25 2512150 Parker $35,000.
30 11/20/96 18.00 06 298 1 $180,000.

MI 7.25 2 126990000512152 30369 Fox Club  90 $51,700. 8/16/11 90 $258750
8/16/96 48380 180 05 3.25 2512152 Farmington Hills $51,700.
42 2/16/97 18.00 00 178 1 $345,000.



<PAGE>
CA 7.25 2 106990000512158 2236 Danube  91 $32,000. 8/21/21 90 $256000
8/21/96 91784 300 05 2.25 2512158 Upland $32,000.
41 2/21/97 15.00 00 298 1 $320,000.

CA 7.25 2 106990000512159 403 Duane ST 91 $23,900. 7/28/21 90 $191200
8/28/96 94062 299 05 2.75 2512159 Redwood City $23,900.
43 2/28/97 15.00 00 297 1 $239,000.


WA 7.25 2 153990000512161 16865 NE 42nd  80 $70,000. 8/23/11 64 $96622
8/23/96 98052 180 05 1.50 2512161 Redmond $70,000.
42 2/23/97 18.00 02 178 1 $263,000.

CA 7.25 2 106990000512163 7837 Hampton  91 $15,900. 8/20/11 90 $79500
8/20/96 95610 180 09 2.25 2512163 Citrus Heights $15,900.
43 2/20/97 15.00 02 178 1 $106,000.


CA 5.99 2 106990000512165 27938 Altamont  91 $92,000. 7/23/11 83 $650000
8/23/96 94022 179 03 2.75 2512165 Los Altos Hills $92,000.
39 11/23/96 15.00 01 177 1 $900,000.

MI 7.25 2 126990000512166 2504 Brown City  80 $25,000. 9/9/11 73 $52809
9/9/96 48444 180 05 1.25 2512166 Imlay City $25,000.
22 3/9/97 18.00 06 179 1 $108,000.


MA 5.99 2 125990000512168 25 Kalmia Way 81 $50,000. 8/23/21 76 $207000
8/23/96 02632 300 05 0.25 2512168 Centerville $50,000.
14 11/23/96 18.00 06 298 1 $340,000.






CA 5.99 2 106990000512170 1120 Landreth  91 $37,500. 8/22/11 95 $119000
8/22/96 95307 180 05 3.75 2512170 Ceres $37,500.
50 11/22/96 15.00 06 178 1 $165,000.

OR 7.25 2 141990000512171 36315 SE Lusted  81 $46,000. 8/20/11 52 $138136
8/20/96 97009 180 05 0.75 2512171 Boring $50,000.
30 2/20/97 18.00 06 178 1 $365,000.



<PAGE>
MI 5.99 1 126990000512172 1530 North 41  81 $20,000. 8/20/21 54 $0
8/20/96 49663 300 05 0.50 2512172 Manton $40,000.
35 11/20/96 18.00 06 298 1 $75,000.

MD 7.25 2 124990000512175 1005 Neal DR 81 $22,000. 8/28/21 72 $81352
8/23/96 20850 300 05 0.50 2512175 Rockville $22,000.
35 2/23/97 18.00 06 298 1 $145,000.


CO 7.25 2 108990000512177 4131 Tanager ST 81 $15,614. 9/9/21 80 $68000
9/9/96 80526 300 05 0.25 2512177 Fort Collins $24,000.
22 3/9/97 18.00 06 299 1 $115,000.

VA 7.25 2 151990000512179 1412 Laburnum  91 $90,000. 8/28/21 90 $449573
8/23/96 22101 300 05 3.25 2512179 Mc Lean $90,000.
42 2/23/97 18.00 06 298 1 $600,000.


NH 5.99 2 133990000512180 92 Wallace Road 81 $49,000. 8/23/21 78 $17090
8/23/96 03045 300 05 0.50 2512180 Goffstown $49,000.
41 11/23/96 18.00 06 298 1 $85,000.

CA 5.99 2 106990000512181 615 Bowman Way 91 $38,500. 8/12/21 87 $139735
8/12/96 95603 300 05 3.25 2512181 Auburn $38,500.
50 11/12/96 15.00 06 298 1 $207,000.


CA 5.99 2 106990000512185 22 Bravo LN 91 $16,000. 8/3/21 90 $127900
9/3/96 92656 299 01 2.75 2512185 Aliso Viejo Area $16,000.
45 12/3/96 15.00 06 298 1 $160,000.

VA 5.99 2 151990000512186 973 Old Charles  91 $22,000. 8/30/11 95 $116691
8/26/96 22656 180 05 3.75 2512186 Stephenson $22,000.
49 11/26/96 18.00 06 179 1 $146,000.


CA 7.25 2 106990000512190 7483 Rutherford  91 $58,400. 8/15/11 90 $290500
8/15/96 91304 180 03 2.75 2512190 Los Angeles  $58,400.
40 2/15/97 15.00 00 178 1 $387,858.







<PAGE>
CA 7.25 2 106990000512192 765 Bliss AVE 81 $8,900. 8/21/21 80 $117326
8/21/96 93611 300 05 1.50 2512192 Clovis $14,600.
47 2/21/97 15.00 02 298 1 $165,000.

CA 7.25 2 106990000512193 2605 San Jacinto  91 $24,700. 8/20/21 90 $197950
8/20/96 93063 300 05 2.50 2512193 Simi Valley $24,700.
25 2/20/97 15.00 00 298 1 $247,438.


CA 5.99 2 106990000512194 6544 Rose AVE 91 $30,000. 8/5/21 83 $85000
9/5/96 90805 299 05 2.75 2512194 Long Beach $30,000.
23 12/5/96 15.00 03 298 1 $140,000.

UT 5.99 2 149990000512195 4291 S Holloway  81 $107,200. 7/23/21 80 $104659
8/23/96 84124 299 05 1.00 2512195 Salt Lake City $107,200.
31 11/23/96 18.00 06 297 1 $265,000.


CA 11.5 2 106990000512197 7843 Apperson  92 $8,400. 8/16/11 100 $104931
8/16/96 91040 180 05 3.25 2512197 Los Angeles  $35,000.
36 0 15.00 06 178 1 $140,000.

UT 5.99 2 149990000512199 7515 N  81 $37,445. 7/21/11 80 $260000
8/21/96 84098 179 05 1.00 2512199 Park City $39,000.
50 11/21/96 18.00 06 177 1 $376,000.


CA 7.25 2 106990000512212 1665 Dolores DR 91 $17,000. 8/22/21 85 $272000
8/22/96 95125 300 05 2.25 2512212 San Jose $17,000.
35 2/22/97 15.00 00 298 1 $340,000.

CA 7.25 2 106990000512219 394 Southridge  91 $45,000. 8/19/21 88 $301985
8/19/96 91301 300 05 2.25 2512219 Agoura Area $45,000.
44 2/19/97 15.00 06 298 1 $395,000.


FL 7.25 2 112990000512221 Rt 4 Box 113-a 91 $10,000. 7/28/21 90 $67500
8/28/96 32024 299 05 2.25 2512221 Lake City $13,500.
29 2/28/97 18.00 00 297 1 $90,000.

CA 12.5 2 106990000512222 2410 Farmington  91 $73,000. 10/1/11 98 $203354
9/3/96 94553 180 05 4.25 2512222 Martinez $73,000.
49 0 15.00 02 180 1 $283,000.



<PAGE>
CA 5.99 2 106990000512226 2 Polhemus Way 91 $56,000. 8/27/21 90 $448000
8/27/96 94939 300 05 2.75 2512226 Larkspur $56,000.
34 11/27/96 15.00 00 298 1 $560,000.






CA 5.99 2 106990000512230 27881 Sarabeth  91 $38,900. 8/16/21 90 $194900
8/16/96 92677 300 03 2.25 2512230 Laguna Niguel $38,900.
42 11/16/96 15.00 00 298 1 $259,900.

CA 5.99 2 106990000512233 4645 Caritina DR 91 $100,000. 8/16/21 88 $621000
8/16/96 91356 300 05 2.75 2512233 Los Angeles  $100,000.
36 11/16/96 15.00 03 298 1 $825,000.


ID 7.25 2 116990000512236 412 W Linden ST 91 $10,000. 8/26/11 95 $81218
8/26/96 83605 180 05 3.75 2512236 Caldwell $10,000.
39 2/26/97 18.00 02 178 1 $96,500.

CA 6.99 2 106990000512238 5200 Seashore  91 $50,000. 6/18/21 88 $397164
7/18/96 92663 299 10 2.00 2512238 Newport Beach $50,000.
26 10/18/96 15.00 06 296 1 $510,000.


GA 8.25 2 113990000512240 51 Old Mountain  91 $33,151. 8/23/11 94 $202500
8/23/96 30073 180 03 3.75 2512240 Powder Springs $50,000.
33 2/23/97 18.00 06 178 1 $270,000.

CA 5.99 2 106990000512242 106 Blue Bonnet  91 $30,900. 8/26/21 90 $154500
8/26/96 95066 300 09 2.25 2512242 Scotts Valley $30,900.
41 11/26/96 15.00 06 298 1 $206,000.


CA 5.99 2 106990000512246 3165 Harmony PL 91 $29,500. 8/23/21 90 $236000
8/23/96 91214 300 05 2.25 2512246 LA Crescenta  $29,500.
40 11/23/96 15.00 00 298 1 $295,000.

CA 5.99 2 106990000512247 28045 Wildwind  91 $7,900. 8/21/21 86 $139200
8/21/96 91351 300 05 3.75 2512247 Canyon Country  $10,000.
44 11/21/96 15.00 03 298 1 $174,000.



<PAGE>
KS 5.99 2 120990000512249 341 6936  91 $19,000. 8/26/21 83 $63903
8/26/96 66770 300 05 2.75 2512249 Riverton $19,000.
41 11/26/96 18.00 02 298 1 $100,000.

MI 5.99 1 126990000512254 916 Longfellow 81 $36,000. 8/20/21 26 $0
8/20/96 48067 300 05 0.50 2512254 Royal Oak $36,000.
36 11/20/96 18.00 06 298 1 $143,000.


WA 5.99 2 153990000512255 25908 201st CT  91 $20,200. 7/26/21 90 $101200
8/26/96 98042 299 05 2.75 2512255 Kent $20,200.
39 11/26/96 18.00 00 297 1 $134,950.






UT 7.25 2 149990000512258 1465 East 8685  81 $45,000. 7/26/21 71 $70829
8/26/96 84093 299 05 0.50 2512258 Sandy $45,000.
38 2/26/97 18.00 06 297 1 $165,000.

CA 5.99 2 106990000512259 1948 Bucknell  81 $12,000. 8/21/21 80 $125021
8/21/96 91913 300 05 0.50 2512259 Chula Vista $25,000.
41 11/21/96 15.00 03 298 1 $188,000.


CA 5.99 2 106990000512260 2249 Maximilian  91 $40,500. 7/26/21 90 $202500
8/26/96 95008 299 05 2.25 2512260 Campbell $40,500.
42 11/26/96 15.00 00 297 1 $270,000.

CO 7.25 2 108990000512261 1742 Foster DR 91 $25,200. 9/11/21 90 $126000
9/11/96 80501 300 05 2.00 2512261 Longmont $25,200.
27 3/11/97 18.00 01 299 1 $168,000.


CA 7.25 2 106990000512262 575 Canal ST 91 $45,000. 8/23/21 87 $66823
8/23/96 95667 300 05 2.75 2512262 Placerville $45,000.
49 2/23/97 15.00 01 298 1 $130,000.

AZ 5.99 2 104990000512264 4343 East  91 $68,250. 8/23/21 90 $546000
8/23/96 85253 300 05 2.75 2512264 Paradise Valley $68,250.
38 11/23/96 18.00 00 298 1 $682,500.



<PAGE>
UT 7.25 2 149990000512265 857 West 1400  81 $20,000. 7/26/21 80 $99301
8/26/96 84087 299 05 1.00 2512265 Woods Cross $23,500.
33 2/26/97 18.00 06 297 1 $154,000.

CA 5.99 2 106990000512266 19001  91 $8,000. 7/23/21 90 $97500
8/23/96 91335 299 05 2.25 2512266 Los Angeles $19,500.
42 11/23/96 15.00 01 297 1 $130,000.


CA 5.99 2 106990000512268 10719 Collins  91 $21,900. 7/19/11 95 $116800
8/19/96 91601 179 05 3.75 2512268 Los Angeles $21,900.
45 11/19/96 15.00 02 177 1 $146,000.

CA 5.99 2 106990000512270 1281 Albion Lane 91 $35,500. 8/20/21 87 $413000
8/20/96 94087 300 05 2.00 2512270 Sunnyvale $35,500.
23 11/20/96 15.00 02 298 1 $520,000.


CA 6.99 2 106990000512271 17388 Grandee  91 $33,627.25 7/23/21 90 $174350
8/23/96 92128 299 05 2.25 2512271 San Diego $34,850.
38 11/23/96 15.00 00 297 1 $232,500.






CA 7.25 2 106990000512272 1107 Woodglen  91 $23,114. 8/20/11 95 $166744
8/20/96 95661 180 05 3.25 2512272 Roseville $42,200.
37 2/20/97 15.00 02 178 1 $220,000.

CA 5.99 2 106990000512275 25517 Via  91 $39,700. 8/14/21 90 $198750
8/14/96 91355 300 03 2.25 2512275 Santa Clarita $39,700.
39 11/14/96 15.00 00 298 1 $265,000.


GA 5.99 2 113990000512278 1160 Grace Drive 91 $24,900. 8/23/21 90 $36804
8/23/96 30050 300 05 2.75 2512278 Forest Park $24,900.
44 11/23/96 18.00 02 298 1 $69,000.

UT 5.99 2 149990000512281 111 E 11800 S 81 $20,887.42 8/9/21 68 $124148
9/9/96 84020 299 05 0.50 2512281 Draper $25,000.
45 12/9/96 18.00 06 298 1 $220,000.



<PAGE>
MI 11.5 2 126990000512282 273 Broadway 92 $21,750. 8/23/11 100 $65250
8/23/96 48350 180 05 3.25 2512282 Davisburg $21,750.
31 0 18.00 06 178 1 $87,000.

CA 5.99 2 106990000512289 1405 Fieldspring  91 $41,200. 8/15/21 90 $206150
8/15/96 93311 300 05 2.00 2512289 Bakersfield $41,200.
29 11/15/96 15.00 00 298 1 $274,900.


CA 7.25 2 106990000512291 810 College DR 91 $30,000. 8/21/21 90 $207000
8/21/96 95128 300 05 2.25 2512291 San Jose $45,000.
36 2/21/97 15.00 01 298 1 $280,000.

MI 5.99 2 126990000512293 39350  91 $10,000. 8/7/21 86 $130425
8/7/96 48038 300 05 2.25 2512293 Clinton Township $15,000.
41 11/7/96 18.00 06 298 1 $170,000.


CA 5.99 2 106990000512297 375 Magnolia  81 $109,000. 8/26/21 80 $207000
8/26/96 92627 300 05 0.75 2512297 Costa Mesa $109,000.
27 11/26/96 15.00 00 298 1 $395,000.

CA 7.25 2 106990000512298 505 Garden  91 $29,500. 8/26/11 95 $141385
8/26/96 94526 180 09 3.75 2512298 Danville $29,500.
43 2/26/97 15.00 06 178 1 $180,000.


CA 7.25 2 106990000512300 200 Paseo  91 $42,700. 8/23/21 90 $341600
8/23/96 90277 300 05 2.25 2512300 Torrance $42,700.
31 2/23/97 15.00 00 298 1 $427,000.






CA 12.5 2 106990000512301 5347 Sunrise  91 $23,600. 7/21/11 95 $88500
8/21/96 94561 179 05 4.25 2512301 Oakley $23,600.
48 0 15.00 00 177 1 $118,000.

CA 5.99 2 106990000512302 4 Percheron 81 $130,000. 7/23/11 44 $389504
8/23/96 92679 179 05 1.50 2512302 Coto De Caza  $130,000.
50 11/23/96 15.00 02 177 1 $1,200,000.



<PAGE>
CA 5.99 2 106990000512304 1127 Shannon ST 91 $27,385. 7/21/21 90 $176250
8/21/96 91784 299 05 2.75 2512304 Upland $35,200.
31 11/21/96 15.00 06 297 1 $235,000.

FL 7.25 2 112990000512310 4510 SW 93rd CT 81 $45,000. 8/28/21 74 $60026
8/28/96 33165 300 05 0.50 2512310 Miami $45,000.
40 2/28/97 18.00 06 298 1 $142,000.


NM 5.99 2 135990000512314 1004 Camino  81 $15,000. 7/26/21 74 $90387
8/26/96 87501 299 05 0.50 2512314 Santa Fe $20,000.
35 11/26/96 18.00 06 297 1 $150,000.

CA 7.25 2 106990000512317 34 Farragut 91 $58,500. 8/27/21 90 $207000
8/27/96 92620 300 05 2.75 2512317 Irvine $58,500.
36 2/27/97 15.00 00 298 1 $295,000.


WA 12. 2 153990000512320 9111 NE 72nd ST 92 $34,100. 8/6/11 100 $63810
9/6/96 98662 179 05 3.75 2512320 Vancouver $34,100.
47 0 18.00 02 178 1 $98,000.

CA 7.25 2 106990000512326 2451 Burnt Oak  81 $15,000. 8/10/21 80 $74872
9/10/96 95401 299 05 1.00 2512326 Santa Rosa $45,900.
47 3/10/97 15.00 06 298 1 $151,000.


CA 7.25 2 106990000512327 1730 Fairmount  91 $50,000. 8/27/21 90 $404000
8/27/96 91011 300 05 2.25 2512327 La Canada  $50,000.
40 2/27/97 15.00 00 298 1 $505,000.

FL 7.25 2 112990000512328 15727 Woodgate  91 $13,000. 7/28/21 89 $68600
8/28/96 33326 299 01 3.25 2512328 Sunrise $13,000.
15 2/28/97 18.00 06 297 1 $92,000.


CA 7.25 2 106990000512330 23623 Malibu  81 $182,000. 8/23/21 72 $1080000
8/23/96 90265 300 05 1.00 2512330 Malibu $200,000.
27 2/23/97 15.00 01 298 1 $1,800,000.







<PAGE>
CA 7.25 2 106990000512331 768 Colleen DR 91 $50,000. 8/26/21 90 $231000
8/26/96 95123 300 05 2.25 2512331 San Jose $50,000.
45 2/26/97 15.00 01 298 1 $315,000.

UT 5.99 2 149990000512333 2535 W 7325 S 91 $22,500. 8/10/21 90 $112500
9/10/96 84084 299 05 3.25 2512333 West Jordan $22,500.
37 12/10/96 18.00 06 298 1 $150,000.


UT 5.99 2 149990000512336 4232 S Winfield  91 $20,000. 8/9/21 86 $70120
9/9/96 84123 299 05 2.75 2512336 Murray $20,000.
32 12/9/96 18.00 02 298 1 $105,000.

CA 7.25 2 106990000512337 4212 Irvine  91 $33,000. 8/27/21 90 $264000
8/27/96 91604 300 05 2.25 2512337 Los Angeles-  $33,000.
31 2/27/97 15.00 00 298 1 $330,000.


FL 5.99 2 112990000512343 11567 NW 40 CT 91 $47,000. 8/15/21 90 $70000
8/16/96 33065 299 05 2.25 2512343 Coral Springs $47,000.
32 11/16/96 18.00 00 298 1 $130,000.

CA 5.99 2 106990000512365 2351 Fallon RD 91 $45,000. 10/1/21 90 $207000
9/5/96 95023 300 05 2.25 2512365 Hollister $45,000.
41 12/5/96 15.00 00 300 1 $280,000.


CA 5.99 2 106990000512373 10607 Spyglass  91 $32,500. 7/12/11 90 $260000
8/12/96 90601 179 05 3.75 2512373 Whittier $32,500.
45 11/12/96 15.00 01 177 1 $325,000.

CA 6.99 2 106990000512374 3419 Via Palma 91 $16,500. 8/30/21 90 $167994
8/30/96 91941 300 05 2.25 2512374 La Mesa $21,000.
42 11/30/96 15.00 03 299 1 $210,000.


CA 5.99 2 106990000512375 5704 Amarillo  91 $18,300. 7/13/21 85 $120600
8/13/96 91942 299 05 2.75 2512375 La Mesa $18,300.
45 11/13/96 15.00 03 297 1 $164,000.

CA 5.99 2 106990000512376 35 Banstead 91 $22,940. 7/15/21 90 $201430
8/15/96 92679 299 05 2.75 2512376 Dove Canyon $50,000.
48 11/15/96 15.00 06 297 1 $280,000.



<PAGE>
CA 5.99 2 106990000512382 1417 Bluebird  81 $76,441. 7/22/21 80 $391872
8/22/96 90069 299 05 1.00 2512382 Los Angeles $200,000.
30 11/22/96 15.00 06 297 1 $749,000.






CA 5.99 2 106990000512383 134 Clorinda  91 $55,858.04 8/23/11 95 $412000
8/23/96 94901 180 05 3.75 2512383 San Rafael $77,200.
41 11/23/96 15.00 00 178 1 $515,000.

CA 5.99 2 106990000512384 71 West Seaview  91 $100,000. 8/23/21 82 $675644
8/23/96 94901 300 05 3.25 2512384 San Rafael $100,000.
43 11/23/96 15.00 06 298 1 $950,000.


CA 5.99 2 106990000512385 19 Presidio Court 91 $48,900. 8/29/21 90 $391600
8/29/96 94925 300 03 2.25 2512385 Corte Madera $48,900.
40 11/29/96 15.00 00 298 1 $489,500.

CA 7.25 2 106990000512387 15310 SUVIEW  80 $118,500. 8/22/11 74 $427676
8/22/96 95032 180 05 1.75 2512387 LOS GATOS $150,000.
37 2/22/97 15.00 06 178 1 $790,000.


CA 7.25 2 106990000512391 1260 Via Landeta 90 $64,850. 8/25/11 90 $518800
8/25/96 90274 180 05 2.75 2512391 Palos Verdes  $64,850.
36 2/26/97 15.00 00 178 1 $648,500.

CA 7.25 2 106990000512394 3963 McClung  91 $50,000. 8/27/21 89 $131894
8/27/96 90008 300 05 2.75 2512394 Los Angeles $50,000.
34 2/27/97 15.00 02 298 1 $205,000.


FL 7.25 2 112990000512396 7890 SW 76th  81 $70,000. 8/6/21 75 $200000
8/6/96 33143 300 05 1.50 2512396 Miami $70,000.
48 2/6/97 18.00 00 298 1 $360,000.

CA 5.99 2 106990000512398 765 Park DR 91 $3,790. 8/22/21 90 $136800
8/22/96 95005 300 05 2.00 2512398 Ben Lomond $17,100.
22 11/22/96 15.00 00 298 1 $171,000.



<PAGE>
WA 6.99 2 153990000512401 13851 Old  91 $38,000. 8/30/21 90 $109589
8/30/96 98937 300 05 3.25 2512401 Naches $53,000.
35 11/30/96 18.00 06 299 1 $181,000.

FL 7.25 2 112990000512403 15420 SW 115th  91 $93,000. 8/5/11 90 $100000
8/5/96 33196 180 05 2.75 2512403 Miami $93,000.
44 2/5/97 18.00 00 178 1 $214,900.


CA 5.99 2 106990000512407 2537 Midvale  91 $35,400. 7/23/21 90 $177000
8/23/96 90064 299 05 2.25 2512407 Los Angeles $35,400.
35 11/23/96 15.00 00 297 1 $236,000.






WA 5.99 2 153990000512413 11820 74th AVE  91 $20,000. 8/20/21 86 $146000
8/20/96 98373 300 05 2.25 2512413 Puyallup $20,000.
42 11/20/96 18.00 06 298 1 $195,000.

UT 5.99 2 149990000512415 1125 Custer AVE 91 $53,800. 7/21/11 89 $87587
8/21/96 84404 179 05 3.25 2512415 Ogden $53,800.
40 11/21/96 18.00 02 177 1 $160,000.


CA 5.99 2 106990000512417 3 Fleurance ST 91 $19,000. 8/14/21 90 $152000
8/14/96 92677 300 01 2.75 2512417 Laguna Niguel $19,000.
51 11/14/96 15.00 01 298 1 $190,000.

CA 6.99 2 106990000512419 1732 Topanga  90 $22,500. 8/6/11 84 $540000
8/6/96 90290 180 05 2.25 2512419 Topanga $22,500.
41 11/6/96 15.00 01 178 1 $675,000.


CA 5.99 2 106990000512420 4033 Bluff ST 91 $43,250. 7/8/11 95 $104000
8/8/96 91760 179 05 3.75 2512420 Norco $43,250.
31 11/8/96 15.00 02 177 1 $155,000.

IL 7.25 2 117990000512426 300 Woodland 80 $50,000. 9/12/11 64 $225000
9/12/96 60035 180 05 2.00 2512426 Highland Park $50,000.
33 3/12/97 18.00 06 179 1 $430,000.



<PAGE>
WA 7.25 2 153990000512430 9003 170th Street  91 $35,000. 8/28/21 89 $138000
8/28/96 98373 300 05 2.75 2512430 Puyallup $35,000.
45 2/28/97 18.00 03 298 1 $195,000.

GA 7.25 2 113990000512439 3812 Knights  81 $10,000. 8/28/21 69 $72580
8/28/96 30247 300 05 0.25 2512439 Lilburn $10,000.
22 2/28/97 18.00 06 298 1 $120,000.


MO 5.99 2 124990000512444 78 91 $20,000. 8/26/21 90 $97737
8/26/96 64836 300 05 2.25 2512444 Carthage $20,000.
40 11/26/96 18.00 06 298 1 $131,000.

LA 5.99 2 122990000512447 8731 Le Beau ST 91 $16,100. 8/20/11 95 $39000
8/20/96 70755 180 03 3.75 2512447 Livonia $16,100.
38 11/21/96 18.00 03 178 1 $58,000.


CA 5.99 2 106990000512452 1009 Golden  91 $45,000. 8/23/21 90 $207000
8/23/96 94019 300 05 2.25 2512452 Half Moon Bay $45,000.
44 11/23/96 15.00 01 298 1 $280,000.






MD 7.25 2 124990000512453 7905 Cindy LN 90 $36,500. 8/29/11 90 $292000
8/29/96 20817 180 05 2.25 2512453 Bethesda $36,500.
32 2/28/97 18.00 00 178 1 $365,000.

CA 5.99 2 106990000512459 847 Acacia DR 91 $28,900. 8/28/21 90 $231200
8/28/96 94010 300 05 2.25 2512459 Burlingame $28,900.
45 11/28/96 15.00 00 298 1 $289,000.


FL 7.25 2 112990000512460 10301 Manta  81 $19,000. 8/23/21 80 $207000
8/23/96 33615 300 03 0.50 2512460 Tampa $19,000.
38 2/23/97 18.00 00 298 1 $282,500.

CA 5.99 2 106990000512461 966 Farley ST 91 $39,450. 8/26/21 90 $197250
8/26/96 94043 300 05 2.25 2512461 Mountain View $39,450.
32 11/26/96 15.00 01 298 1 $263,000.



<PAGE>
UT 5.99 2 149990000512466 632 E 3300 N 81 $31,243.89 8/19/21 80 $82621
8/19/96 84414 300 05 0.50 2512466 North Ogden $39,500.
44 11/19/96 18.00 06 298 1 $154,000.

CA 7.25 2 106990000512467 1007 Bryant  91 $20,000. 8/22/21 88 $211200
8/22/96 94087 300 05 2.25 2512467 Sunnyvale $20,000.
40 2/22/97 15.00 00 298 1 $264,000.


OR 7.25 2 141990000512471 1000 Birdseye  91 $26,000. 8/3/21 86 $169000
9/3/96 97525 299 05 2.25 2512471 Gold Hill $45,000.
40 3/3/97 18.00 02 298 1 $250,000.

CA 5.99 2 106990000512477 4220 Shady  81 $65,000. 8/27/21 80 $207000
8/27/96 95688 300 05 1.00 2512477 Vacaville $65,000.
45 11/27/96 15.00 00 298 1 $340,000.


UT 7.25 2 149990000512479 4175 W Morgan  91 $33,731.85 8/9/11 95 $74711
9/9/96 84118 179 05 3.25 2512479 Salt Lake City $34,500.
45 3/9/97 18.00 06 178 1 $115,000.

CA 5.99 2 106990000512483 20 Ocean Park  81 $70,000. 8/28/21 73 $421539
8/28/96 90405 300 08 1.50 2512483 Santa Monica $70,000.
50 11/28/96 15.00 06 298 1 $675,000.


CA 5.99 2 106990000512485 3560 O'Connor  81 $20,000. 8/30/21 73 $218894
8/30/96 94549 300 05 2.75 2512485 Lafayette $36,600.
44 11/30/96 15.00 06 299 1 $351,000.






CA 5.99 1 106990000512498 13193 Algonquin  81 $11,410. 7/15/21 61 $0
8/15/96 92308 299 05 0.25 2512498 Apple Valley $30,000.
17 11/15/96 15.00 06 297 1 $49,500.

CA 5.99 2 106990000512499 4 Vintage 91 $32,600. 9/10/21 90 $260800
9/10/96 92679 300 05 2.75 2512499 Coto De Caza  $32,600.
24 12/10/96 15.00 00 299 1 $326,000.



<PAGE>
CA 7.25 2 106990000512500 22041 Keller RD 80 $35,000. 8/29/11 72 $163500
8/29/96 95977 180 05 1.00 2512500 Smartville $50,000.
37 2/28/97 15.00 06 178 1 $299,500.

NM 7.25 2 135990000512504 4 Nambe TRL 80 $15,000. 8/23/11 80 $77950
8/23/96 87048 180 05 1.00 2512504 Corrales $30,800.
34 2/23/97 18.00 06 178 1 $136,000.


CA 7.25 2 106990000512505 12239 Silva Place 91 $26,000. 7/21/21 85 $195000
8/21/96 90703 299 05 2.25 2512505 Cerritos $26,000.
32 2/21/97 15.00 00 297 1 $260,000.

CA 6.99 2 106990000512508 880 Whispering  91 $10,000. 9/22/21 89 $195000
8/22/96 95066 301 05 2.25 2512508 Scotts Valley $35,000.
40 11/22/96 15.00 01 299 1 $260,000.


PA 7.25 2 142990000512511 1610 Mount  90 $75,500. 8/8/11 90 $604000
8/8/96 19035 180 05 2.25 2512511 Lower Merion  $75,500.
41 2/8/97 18.00 00 178 1 $755,000.

CA 5.99 2 106990000512512 2200 East Valiant 91 $50,000. 7/26/21 89 $583479
8/26/96 91741 299 05 3.25 2512512 Glendora $50,000.
27 11/26/96 15.00 06 297 1 $715,000.


CA 11.5 2 106990000512515 3425 Kimberly  92 $25,000. 8/26/11 100 $145300
8/26/96 95682 180 05 3.25 2512515 Cameron Park $25,000.
43 0 15.00 02 178 1 $170,500.

UT 5.99 2 149990000512516 84 W Shelley  91 $17,900. 7/23/11 89 $101950
8/23/96 84115 179 05 3.75 2512516 Salt Lake City $17,900.
38 11/23/96 18.00 01 177 1 $135,000.


CA 6.99 2 106990000512517 19349 Winged  91 $30,650. 8/14/21 90 $245200
8/14/96 ****** 300 05 2.25 2512517 Northridge $30,650.
44 11/14/96 15.00 00 298 1 $306,500.







<PAGE>
CA 7.25 2 106990000512518 1544 Saint  91 $52,500. 8/11/21 90 $249000
9/11/96 94526 299 05 3.25 2512518 Danville $52,500.
45 3/11/97 15.00 01 298 1 $335,000.

CA 5.99 2 106990000512519 16151 Oxford  91 $20,987.59 8/23/11 90 $139433
8/23/96 96161 180 03 3.75 2512519 Truckee $44,900.
39 11/23/96 15.00 01 178 1 $205,000.


CA 5.99 2 106990000512525 6208 Vernon  91 $63,000. 8/26/11 81 $202000
8/26/96 95608 180 05 3.25 2512525 Carmichael $63,000.
48 11/26/96 15.00 02 178 1 $330,000.

MI 7.25 2 126990000512526 1535 Shankin DR 90 $35,000. 9/12/11 85 $220000
9/12/96 48390 180 05 3.25 2512526 Walled Lake $35,000.
34 3/12/97 18.00 06 179 1 $300,000.


CA 5.99 2 106990000512527 5832 Falon WAY 91 $23,000. 8/22/11 90 $200000
8/22/96 95123 180 05 3.25 2512527 San Jose $23,000.
50 11/22/96 15.00 01 178 1 $250,000.

CA 7.25 2 106990000512528 729 Bay ST 91 $70,000. 8/24/21 90 $500000
8/24/96 94019 300 07 2.50 2512528 San Francisco $71,500.
25 2/24/97 15.00 06 298 1 $635,000.


WA 7.25 2 153990000512529 8119 SW 248th  91 $100,000. 8/28/21 89 $260976
8/23/96 98070 300 05 2.75 2512529 Vashon $100,000.
44 2/23/97 18.00 06 298 1 $410,000.

CA 5.99 2 106990000512534 16937 Bluewater  91 $36,500. 7/28/21 95 $96500
8/28/96 92649 299 01 3.75 2512534 Huntington Beach $36,500.
42 11/28/96 15.00 06 297 1 $140,000.


CA 5.99 2 106990000512537 17289 Pepper  91 $31,500. 7/29/21 88 $157500
8/29/96 92708 299 05 2.75 2512537 Fountain Valley $31,500.
38 11/29/96 15.00 01 297 1 $215,000.

CA 5.99 1 106990000512538 5860 Herma ST 81 $100,000. 8/30/11 40 $0
8/30/96 95123 180 05 2.50 2512538 San Jose $100,000.
34 11/30/96 15.00 06 179 1 $254,500.



<PAGE>
CA 7.25 2 106990000512539 4858 Scout Court 91 $27,400. 7/27/21 90 $137250
8/27/96 95136 299 01 2.75 2512539 San Jose $27,400.
44 2/27/97 15.00 00 297 1 $183,000.






CA 7.25 2 106990000512541 3201 Alamo Glen 91 $30,000. 7/27/21 90 $240000
8/27/96 92025 299 05 3.25 2512541 Escondido $30,000.
49 2/27/97 15.00 00 297 1 $300,000.

CA 7.25 2 106990000512542 6275 Tillamook  91 $24,200. 8/26/21 90 $193600
8/26/96 95123 300 05 2.75 2512542 San Jose $24,200.
44 2/26/97 15.00 01 298 1 $242,000.


CA 7.25 2 106990000512546 1733 Fabian DR 91 $31,500. 8/26/21 90 $252000
8/26/96 95124 300 05 2.25 2512546 San Jose $31,500.
39 2/26/97 15.00 01 298 1 $315,000.

CA 7.25 2 106990000512547 933 Peres Lane 81 $10,000. 7/9/21 79 $205200
8/9/96 93060 299 05 1.00 2512547 Santa Paula $10,000.
45 2/9/97 15.00 02 297 1 $274,000.


OR 5.99 2 141990000512548 3265 SE 177th  81 $5,826.43 7/21/21 80 $58811
8/21/96 97236 299 05 0.50 2512548 Portland $35,500.
37 11/21/96 18.00 06 297 1 $118,000.

UT 7.25 2 149990000512549 1519 Quail Way 91 $28,250. 8/5/21 86 $198750
9/5/96 84321 299 05 2.75 2512549 Logan $28,250.
50 3/5/97 18.00 00 298 1 $265,000.


ID 11.5 2 116990000512550 1567 Ocean AVE 91 $15,000. 8/27/11 97 $100863
8/27/96 83814 180 05 3.25 2512550 Coeur D'Alene $15,000.
39 0 18.00 06 178 1 $120,000.

CA 5.99 2 106990000512553 124 Cedar ST 91 $31,200. 7/26/21 86 $249600
8/26/96 94070 299 05 2.25 2512553 San Carlos $31,200.
41 11/26/96 15.00 00 297 1 $330,000.



<PAGE>
CA 7.25 2 106990000512554 5033 Brookdale  91 $19,469. 8/30/11 94 $113148
8/30/96 94585 180 05 3.25 2512554 Fairfield $30,500.
35 2/28/97 15.00 02 179 1 $154,000.

CA 5.99 2 106990000512555 1426 Caliente  91 $22,000. 9/6/21 90 $176000
9/6/96 95132 300 05 2.75 2512555 San Jose $22,000.
45 12/6/96 15.00 00 299 1 $220,000.


CO 5.99 2 108990000512556 250 Cherry AVE 81 $30,000. 7/26/21 80 $130000
8/26/96 80615 299 05 0.50 2512556 Eaton $30,000.
42 11/26/96 18.00 06 297 1 $200,000.






NM 5.99 1 135990000512557 3828 81 $24,000. 7/28/21 37 $0
8/28/96 ****** 299 05 1.00 2512557 Santa Fe $50,000.
23 11/28/96 18.00 06 297 1 $136,000.

CA 7.25 2 106990000512558 673 Deodar LN 80 $168,500. 8/9/11 80 $1179500
8/9/96 91010 180 05 1.00 2512558 Bradbury $168,500.
40 2/9/97 15.00 00 178 1 $1,685,000.


CA 5.99 2 106990000512559 1411 Fountain  91 $33,500. 7/29/21 85 $251250
8/29/96 94526 299 03 2.25 2512559 Danville $33,500.
41 11/29/96 15.00 00 297 1 $335,000.

NY 6.99 2 136990000512560 182-34 80th RD 81 $37,000. 8/30/11 80 $207000
8/30/96 11432 180 05 1.00 2512560 Jamaica $37,000.
35 11/30/96 18.00 00 179 1 $305,000.


CO 7.25 2 108990000512561 140 30th ST 81 $14,672.5 7/20/21 69 $84653
8/20/96 80303 299 05 0.50 2512561 Boulder $22,000.
37 2/20/97 18.00 06 297 1 $155,000.

CA 6.99 2 106990000512562 14376 Millbrook  91 $27,600. 8/28/21 90 $220800
8/28/96 ****** 300 05 2.25 2512562 Sherman Oaks $27,600.
43 11/28/96 15.00 00 298 1 $276,000.



<PAGE>
CA 5.99 2 106990000512568 137 Ross ST 81 $31,700. 9/3/21 90 $254000
9/3/96 94901 300 05 2.75 2512568 San Rafael $31,700.
42 12/3/96 15.00 00 299 1 $317,500.

MI 7.25 2 126990000512572 2946 Genes 90 $38,000. 9/13/11 88 $52000
9/13/96 48326 180 05 3.25 2512572 Auburn Hills $38,000.
39 3/13/97 18.00 06 179 1 $103,000.


GA 7.25 2 113990000512575 4510 Shiloh RD 90 $34,600. 6/23/11 90 $221000
7/23/96 30249 179 05 3.25 2512575 Loganville $34,600.
45 1/24/97 18.00 06 176 1 $284,000.

CA 5.99 2 106990000512577 3263 Moreno  91 $42,800. 8/19/11 95 $204000
8/19/96 95127 180 05 3.50 2512577 San Jose $42,800.
28 11/19/96 15.00 02 178 1 $260,000.


CA 5.99 2 106990000512580 1047 75th AVE 91 $35,800. 8/28/11 95 $97169
8/28/96 94521 180 05 4.25 2512580 Oakland $35,800.
50 11/28/96 15.00 02 178 1 $140,000.






CA 7.25 2 106990000512583 3288 Salida WAY 91 $46,000. 7/26/11 90 $120435
8/26/96 95682 179 05 2.75 2512583 Cameron Park $46,000.
48 2/26/97 15.00 02 177 1 $185,000.

WA 5.99 2 153990000512585 215 NE  81 $16,142.18 8/12/21 80 $77569
9/12/96 99030 299 05 0.25 2512585 Rockford $20,000.
29 12/12/96 18.00 06 298 1 $122,000.


UT 7.25 2 149990000512588 4829 W Muirkirk  81 $30,000. 8/12/21 75 $80915
9/12/96 84088 299 05 0.50 2512588 West Jordan $30,000.
36 3/12/97 18.00 06 298 1 $148,000.

CA 7.25 2 106990000512589 4233 Bellmawr  91 $34,500. 8/27/21 90 $276000
8/27/96 94550 300 05 2.25 2512589 Livermore $34,500.
43 2/27/97 15.00 00 298 1 $345,085.



<PAGE>
NY 5.99 2 136990000512590 6 Peach Brook LN 81 $35,000. 9/9/11 78 $182940
9/4/96 10509 180 05 1.25 2512590 Brewster $35,000.
35 12/9/96 18.00 03 179 1 $280,000.

MO 7.25 2 129990000512591 2520 Teakwood  91 $13,500. 8/12/11 95 $50869
9/12/96 63031 179 05 3.50 2512591 Florissant $13,500.
29 3/12/97 18.00 06 178 1 $68,000.


CA 5.99 2 106990000512600 2111 Bridgeport  91 $58,000. 8/9/21 90 $266000
9/9/96 90503 299 05 3.25 2512600 Torrance $58,000.
42 12/9/96 15.00 06 298 1 $360,000.

UT 6.99 2 149990000512608 5320 S 3325 W 91 $62,900. 8/7/11 90 $40575
8/7/96 84118 180 05 4.25 2512608 Salt Lake City $62,900.
45 11/7/96 18.00 02 178 1 $115,000.


CA 5.99 2 106990000512609 739 Juanita AVE 91 $32,200. 8/10/21 90 $257600
9/10/96 93109 299 05 2.25 2512609 Santa Barbara $32,200.
35 12/10/96 15.00 00 298 1 $322,000.

OR 5.99 2 141990000512610 4120 NE  91 $18,138.72 8/12/21 83 $99300
9/12/96 97211 299 05 2.25 2512610 Portland $20,000.
45 12/12/96 18.00 06 298 1 $145,000.


UT 5.99 2 149990000512614 2158 S 2100 E 81 $58,000. 9/1/21 77 $86700
8/26/96 84109 300 05 1.50 2512614 Salt Lake City $58,000.
45 11/26/96 18.00 06 299 1 $190,000.






CA 5.99 2 106990000512615 12962 Elm Tree  81 $5,301. 7/21/21 80 $135928
8/21/96 91709 299 05 0.50 2512615 Chino Hills $18,700.
35 11/21/96 15.00 06 297 1 $195,000.

CA 5.99 2 106990000512618 7848 McLaren  91 $25,000. 8/26/21 89 $133500
8/26/96 91304 300 05 2.25 2512618 Los Angeles $25,000.
48 11/26/96 15.00 06 298 1 $178,500.



<PAGE>
UT 12. 2 149990000512640 374 8th ST 91 $20,000. 7/22/11 97 $48361
8/22/96 84404 179 05 3.75 2512640 Ogden $20,000.
34 0 18.00 06 177 1 $70,500.

UT 7.25 2 149990000512641 250 N Creek DR 90 $20,495. 7/26/11 90 $204800
8/26/96 84049 179 05 2.25 2512641 Midway $25,575.
37 2/26/97 18.00 06 177 1 $256,000.


CA 7.25 2 106990000512642 491 Fall Creek  91 $40,500. 8/20/21 90 $202500
8/20/96 95018 300 05 2.25 2512642 Felton $40,500.
42 2/20/97 15.00 00 298 1 $270,000.

CA 7.25 2 106990000512643 770 11th Street 91 $25,000. 8/29/21 82 $65000
8/29/96 95112 300 05 3.75 2512643 San Jose $25,000.
44 2/28/97 15.00 06 298 1 $110,000.


CA 7.25 2 106990000512645 5238 Heavenly  91 $22,000. 9/4/21 90 $177600
9/4/96 94803 300 05 2.25 2512645 Richmond $22,000.
40 3/4/97 15.00 00 299 1 $222,000.

CA 7.25 2 106990000512648 17394 Walnut  81 $77,725.24 8/26/11 90 $207000
8/26/96 95037 180 05 2.75 2512648 Morgan Hills $80,000.
32 2/26/97 15.00 06 178 1 $322,000.


CA 5.99 2 106990000512649 4376 Pampas Rd  91 $33,000. 9/3/21 95 $176000
9/3/96 91364 300 05 3.25 2512649 Los Angeles $33,000.
41 12/3/96 15.00 00 299 1 $220,000.

CA 5.99 2 106990000512650 16043 Chase St  91 $13,500. 8/29/21 89 $136570
8/29/96 91343 300 05 3.25 2512650 City Of Los  $13,500.
50 11/29/96 15.00 06 298 1 $170,000.


CA 7.25 2 106990000512651 10240 Danube DR 91 $33,100. 8/29/21 90 $165750
8/29/96 95014 300 01 2.25 2512651 Cupertino $33,100.
30 2/28/97 15.00 00 298 1 $221,000.







<PAGE>
CA 12. 2 106990000512662 1737 Weaver  92 $10,000. 7/20/11 100 $81628
8/20/96 92114 179 05 3.75 2512662 San Diego $38,000.
41 0 15.00 02 177 1 $120,000.

CA 5.99 2 106990000512663 6160 Ashton PL 91 $33,700. 8/5/21 90 $269700
9/5/96 91739 299 05 3.25 2512663 Rancho  $33,700.
40 12/5/96 15.00 00 298 1 $337,183.


CA 5.99 2 106990000512665 3723 Country  91 $50,000. 7/20/21 89 $46931
8/20/96 90807 299 01 3.25 2512665 Long Beach $50,000.
49 11/20/96 15.00 06 297 1 $110,000.

WA 6.99 2 153990000512667 5304 South 16th  91 $24,000. 7/22/11 90 $120000
8/22/96 98108 179 05 3.25 2512667 Seattle $24,000.
50 11/22/96 18.00 02 177 1 $160,000.


CA 5.99 2 106990000512668 9 Woodhave 91 $33,000. 7/26/21 90 $386300
8/26/96 92620 299 03 2.75 2512668 Irvine $46,700.
49 11/26/96 15.00 00 297 1 $482,939.

CA 7.25 2 106990000512670 1263 W 184th  91 $27,000. 8/21/21 90 $135000
8/21/96 90248 300 05 2.25 2512670 Gardena $27,000.
21 2/21/97 15.00 06 298 1 $180,000.


CA 7.25 2 106990000512671 618 10th Street 91 $41,200. 8/27/21 90 $329600
8/27/96 92648 300 05 2.25 2512671 Huntington Beach $41,200.
30 2/27/97 15.00 00 298 1 $412,000.

AZ 7.25 2 104990000512675 1631 N Sarah PL 91 $30,000. 7/1/21 87 $84095
8/9/96 85712 298 03 3.25 2512675 Tucson $30,000.
48 2/9/97 18.00 02 297 1 $132,000.


MI 7.25 2 126990000512677 5750 Brooks DR 90 $25,500. 9/13/11 90 $127500
9/13/96 48371 180 05 3.00 2512677 Oxford $25,500.
26 3/13/97 18.00 06 179 1 $170,000.

CA 7.25 2 106990000512678 4265 Bonavita  91 $21,600. 8/26/11 85 $345600
8/26/96 91316 180 05 2.25 2512678 Encino $21,600.
38 2/26/97 15.00 00 178 1 $432,000.



<PAGE>
CA 5.99 2 106990000512679 11590  91 $27,500. 8/9/21 84 $291000
8/9/96 93021 300 05 2.75 2512679 Moorpark $33,000.
47 11/9/96 15.00 01 298 1 $390,000.






NJ 7.25 2 134990000512681 5 Lakeview RD 81 $100,000. 7/28/11 72 $65001
8/28/96 08530 179 05 1.00 2512681 Lambertville (w.  $100,000.
22 2/28/97 18.00 03 177 1 $230,000.

CA 11.5 2 106990000512682 4549 Hempstead  92 $25,000. 8/22/11 100 $184652
8/22/96 93063 180 05 3.25 2512682 Simi Valley $25,000.
34 0 15.00 02 178 1 $210,000.


CO 5.99 2 108990000512687 7924 Emerson ST 81 $19,000. 8/20/21 72 $51393
8/20/96 80229 300 05 0.25 2512687 Thornton $25,000.
22 11/20/96 18.00 02 298 1 $107,000.

CA 7.25 2 106990000512689 2112 Stanley  81 $6,950. 7/29/21 80 $194500
8/29/96 90046 299 05 1.00 2512689 Los Angeles $61,500.
40 2/28/97 15.00 01 297 1 $320,000.


NJ 7.25 2 134990000512690 23 Crag PL 91 $30,000. 7/30/11 92 $143433
8/30/96 07456 179 05 3.75 2512690 Ringwood $30,000.
27 3/2/97 18.00 06 178 1 $190,000.

ID 5.99 2 116990000512691 34 Terrace CIR 81 $25,092. 9/4/21 27 $75000
9/4/96 83333 300 05 0.75 2512691 Hailey $37,650.
29 12/4/96 18.00 02 299 1 $428,000.


CA 7.25 2 106990000512697 5911 Busch Drive 91 $44,450. 8/21/11 87 $508000
8/21/96 90265 180 05 3.25 2512697 Mailbu $44,450.
40 2/21/97 15.00 00 178 1 $635,000.

CA 5.99 2 106990000512698 88 San Domingo  91 $64,400. 7/20/11 90 $400000
8/20/96 94945 179 05 2.75 2512698 Novato $64,400.
40 11/20/96 15.00 00 177 1 $516,000.



<PAGE>
OR 7.25 2 141990000512699 15101 Southeast  91 $28,200. 7/22/21 90 $150000
8/22/96 97015 299 05 3.25 2512699 Clackamas $28,200.
46 2/22/97 18.00 00 297 1 $198,000.

CA 7.25 2 106990000512706 4976 Golden  91 $10,000. 8/29/21 90 $308000
8/29/96 91301 300 03 2.25 2512706 Agoura Area $38,000.
40 2/28/97 15.00 00 298 1 $385,000.


ID 5.99 2 116990000512709 12011 W  91 $7,500. 8/26/21 90 $82500
8/26/96 83713 300 03 2.00 2512709 Boise $16,500.
25 11/26/96 18.00 00 298 1 $110,000.






CA 5.99 2 106990000512711 6980 Sessions DR 91 $11,500. 7/27/21 90 $160000
8/27/96 95119 299 05 2.25 2512711 San Jose $32,000.
43 11/27/96 15.00 06 297 1 $214,000.

CA 7.25 2 106990000512713 514 N Flores ST 81 $7,375. 8/30/11 73 $167870
8/30/96 90048 180 05 1.75 2512713 West Hollywood $50,000.
34 2/28/97 15.00 06 179 1 $300,000.


FL 7.25 2 112990000512714 7255 Sunset DR 91 $54,000. 8/12/11 87 $205153
8/12/96 33143 180 05 2.75 2512714 Miami $54,000.
33 2/12/97 18.00 06 178 1 $300,000.

CA 5.99 2 106990000512715 17 Comstock  91 $17,700. 8/16/21 85 $284100
8/16/96 94583 300 03 2.25 2512715 San Ramon $17,700.
40 11/16/96 15.00 00 298 1 $355,167.


MD 5.99 1 124990000512723 6940 Seven  81 $140,000. 8/12/21 73 $0
8/12/96 20818 300 05 1.50 2512723 Cabin John $160,000.
48 11/12/96 18.00 06 298 1 $220,000.

FL 7.25 2 112990000512725 23109 Emerson  91 $22,850. 7/30/11 90 $114450
8/30/96 34639 179 03 2.75 2512725 Land O'Lakes $22,850.
39 3/1/97 18.00 00 178 1 $152,698.



<PAGE>
FL 7.25 2 112990000512726 4403 SW 129th  91 $18,000. 7/26/21 90 $46600
8/26/96 33175 299 05 2.75 2512726 Miami $18,000.
40 2/26/97 18.00 02 297 1 $72,000.

CO 5.99 2 108990000512729 1185 W 15th AVE 81 $100,000. 9/5/21 73 $159181
8/30/96 80020 300 05 1.00 2512729 Broomfield $100,000.
40 11/30/96 18.00 06 299 1 $358,000.


UT 5.99 2 149990000512733 5578 S Dale  81 $10,000. 8/13/21 75 $77545
9/12/96 84118 299 05 1.00 2512733 Salt Lake City $10,000.
42 12/13/96 18.00 06 298 1 $118,000.

MD 5.99 2 124990000512734 17716 Quail  91 $50,000. 8/26/21 88 $372000
8/26/96 21797 300 05 3.25 2512734 Woodbine $50,000.
48 11/26/96 18.00 02 298 1 $480,000.


CA 7.25 2 106990000512736 3500 Quarry Park  91 $32,700. 8/3/21 90 $261800
9/3/96 95136 299 03 2.25 2512736 San Jose $32,700.
45 3/3/97 15.00 00 298 1 $327,292.






FL 7.25 2 112990000512739 12780 SW 26 ST 81 $70,000. 7/28/21 43 $53034
8/28/96 33175 299 05 1.50 2512739 Miami $90,000.
50 2/28/97 18.00 03 297 1 $340,000.

CA 7.25 2 106990000512740 101 Rene DR 81 $27,000. 10/1/21 80 $149000
9/10/96 94954 300 05 1.50 2512740 Petaluma $27,000.
49 3/10/97 15.00 06 300 1 $220,000.


FL 7.25 2 112990000512743 11234 SW 154th  91 $15,400. 8/5/11 95 $57750
9/5/96 33157 179 03 3.75 2512743 Miami $15,400.
28 3/5/97 18.00 02 178 1 $77,000.

CA 5.99 2 106990000512750 415 Via Media 91 $75,000. 9/5/21 90 $600000
9/5/96 90274 300 05 2.75 2512750 Palos Verdes  $75,000.
45 12/5/96 15.00 00 299 1 $750,000.



<PAGE>
FL 7.25 2 112990000512757 10855 SW 112th  91 $17,900. 8/26/21 89 $31000
8/26/96 33176 300 01 2.25 2512757 Miami $17,900.
35 2/26/97 18.00 06 298 1 $55,000.

MI 7.25 2 126990000512767 9411 Bonnie Briar 90 $33,000. 9/17/11 95 $123750
9/17/96 48386 180 05 4.25 2512767 White Lake TWP. $33,000.
45 3/17/97 18.00 06 179 1 $165,000.


CA 11.5 2 106990000512768 4966 Leafhill PL 92 $20,200. 8/11/21 100 $114800
9/11/96 92507 299 05 3.25 2512768 Riverside $20,200.
42 0 15.00 02 298 1 $135,000.

NY 5.99 2 136990000512770 107 Clymer ST 81 $96,000. 9/3/21 80 $130724
9/3/96 11211 300 01 1.50 2512770 Brooklyn $96,000.
29 12/3/96 18.00 06 299 1 $285,000.


FL 5.99 2 112990000512771 4698 Lakeside  90 $13,500. 8/26/11 90 $67500
8/26/96 33417 180 03 3.25 2512771 West Palm Beach $13,500.
46 11/26/96 18.00 02 178 1 $90,000.

UT 5.99 2 149990000512772 5889 S Hatton  91 $23,000. 8/13/21 84 $82873
9/13/96 84107 299 05 2.75 2512772 Murray $23,000.
35 12/14/96 18.00 06 298 1 $127,000.


CA 7.25 2 106990000512773 1301 Ramsay  91 $38,850. 10/1/21 90 $310600
9/11/96 94596 300 05 2.25 2512773 Walnut Creek $38,850.
30 3/11/97 15.00 00 300 1 $388,300.






CA 6.99 2 106990000512775 30461 Puerto  91 $55,500. 9/3/21 90 $444000
9/3/96 92677 300 05 2.75 2512775 Laguna Niguel $55,500.
27 12/3/96 15.00 00 299 1 $555,000.

CA 12. 2 106990000512776 4444 Canehill  91 $55,900. 7/26/11 99 $155416
8/26/96 90713 179 05 3.75 2512776 Lakewood $55,900.
44 0 15.00 06 177 1 $215,000.



<PAGE>
FL 7.25 2 112990000512780 11715 Hemlock  91 $19,800. 7/28/11 84 $105600
8/28/96 33410 179 05 4.25 2512780 Palm Beach  $19,800.
52 3/1/97 18.00 03 177 1 $150,000.

CA 7.25 2 106990000512781 227 Fraxinella ST 81 $50,000. 7/22/11 68 $43823
8/22/96 92024 179 09 1.00 2512781 Encinitas $50,000.
42 2/22/97 15.00 02 177 1 $140,000.


UT 5.99 2 149990000512783 1925 East  91 $16,366. 8/30/21 89 $122020
8/30/96 84106 300 05 3.25 2512783 Salt Lake City $60,000.
47 11/30/96 18.00 02 299 1 $205,000.

CA 7.25 2 106990000512787 15104 Barbee  91 $43,000. 7/28/11 95 $213456
8/28/96 95127 179 05 4.25 2512787 San Jose $43,000.
50 2/28/97 15.00 02 177 1 $270,000.


CA 7.25 2 106990000512789 27111 Mariscal  91 $10,506.7 7/15/11 89 $196000
8/15/96 92691 179 05 2.75 2512789 Mission Viejo $40,000.
48 2/15/97 15.00 03 177 1 $268,000.

CA 7.25 2 106990000512790 14152 Uxbridge  91 $38,100. 8/3/21 90 $190500
9/3/96 92683 299 05 2.75 2512790 Westminster $38,100.
41 3/3/97 15.00 00 298 1 $254,000.


UT 7.25 2 149990000512791 2008 East 1700  91 $57,100. 7/21/11 90 $247699
8/21/96 84108 179 05 3.25 2512791 Salt Lake City $57,100.
45 2/21/97 18.00 02 177 1 $339,000.

VA 5.99 2 151990000512793 8423 Brook RD 81 $36,000. 9/4/21 75 $286000
9/4/96 22102 300 05 1.00 2512793 McLean $65,000.
36 12/4/96 18.00 00 299 1 $473,000.


VA 7.25 2 151990000512798 4268 N Vacation  81 $69,000. 8/4/11 80 $344536
9/4/96 22207 179 05 1.00 2512798 Arlington $69,000.
42 3/4/97 18.00 06 178 1 $517,000.







<PAGE>
CA 5.99 2 106990000512799 487 Ivanhoe CT 91 $26,000. 7/16/21 89 $226000
8/16/96 95136 299 05 2.00 2512799 San Jose $31,000.
27 11/16/96 15.00 06 297 1 $290,000.

CA 12.5 2 106990000512804 1341 Sierra AVE 95 $20,000. 8/27/11 100 $148000
8/27/96 95126 180 05 4.25 2512804 San Jose $37,000.
44 0 15.00 06 178 1 $185,000.


MI 7.25 2 126990000512809 1626 New Castle 90 $70,000. 8/31/11 90 $300000
8/31/96 48306 180 05 4.25 2512809 Rochester Hills $70,000.
28 3/1/97 18.00 06 179 1 $415,000.

CA 7.25 2 106990000512819 45 Redwood DR 91 $50,000. 8/28/11 91 $340000
8/28/96 94957 180 05 3.75 2512819 Ross $50,000.
45 2/28/97 15.00 03 178 1 $430,000.


MD 5.99 2 124990000512823 7616 Augustine  91 $15,700. 8/16/21 85 $251200
8/16/96 20879 300 03 2.75 2512823 Gaithersburg $15,700.
23 11/16/96 18.00 00 298 1 $314,000.

WA 5.99 2 153990000512827 w 520 Lillie RD 80 $8,551.21 8/29/11 80 $71879
8/29/96 98541 180 04 1.00 2512827 Montesano $26,400.
34 11/28/96 18.00 02 178 1 $123,000.


DC 5.99 2 111990000512828 1506 17th ST NW 91 $20,000. 8/16/21 90 $172279
8/16/96 20009 300 07 2.75 2512828 Washington $34,500.
28 11/16/96 18.00 06 298 1 $230,000.

CA 5.99 2 106990000512830 1938 S Claremont  91 $26,600. 8/27/21 90 $133100
8/27/96 93727 300 05 2.25 2512830 Fresno $26,600.
38 11/27/96 15.00 00 298 1 $177,500.


CO 7.25 2 108990000512835 2550 Lumberjack  91 $28,800. 9/16/21 90 $178152
9/16/96 80920 300 05 3.75 2512835 Colorado Springs $28,800.
41 3/16/97 18.00 02 299 1 $230,000.

HI 7.25 2 115990000512840 444 Lunalilo  90 $48,750. 8/9/11 90 $243750
8/9/96 96825 180 01 2.25 2512840 Honolulu $48,750.
37 2/9/97 18.00 06 178 1 $325,000.



<PAGE>
CA 5.99 2 106990000512843 850 Via Maria 91 $37,500. 7/29/11 95 $200000
8/29/96 91784 179 03 4.25 2512843 Upland $37,500.
40 11/29/96 15.00 06 177 1 $250,000.






CA 5.99 2 106990000512844 153 Baltusrol PL 81 $28,000. 10/1/21 80 $146700
9/9/96 94583 300 05 0.75 2512844 San Ramon $55,600.
28 12/9/96 15.00 01 300 1 $253,000.

CA 5.99 2 106990000512847 667 West  81 $10,000. 8/23/21 80 $125772
8/23/96 93611 300 05 0.50 2512847 Cloris $30,000.
45 11/23/96 15.00 06 298 1 $195,000.


MI 5.99 2 126990000512855 2341 Judah Road 81 $20,000. 8/23/21 73 $51353
8/23/96 48359 300 05 0.75 2512855 Orion $20,000.
26 11/23/96 18.00 06 298 1 $98,000.

UT 5.99 2 149990000512857 2222 East  81 $50,000. 8/22/21 79 $76219
8/22/96 84092 300 05 0.75 2512857 Sandy $50,000.
27 11/22/96 18.00 02 298 1 $160,000.


CA 7.25 2 106990000512864 3400 Daniella CT 91 $50,000. 7/30/21 90 $444000
8/30/96 91302 299 03 2.25 2512864 Calabasas $50,000.
43 3/2/97 15.00 00 298 1 $555,000.

OR 7.25 2 141990000512865 1609 SE Knarr CT 81 $15,255.97 8/11/11 64 $66818
9/11/96 97060 179 05 0.50 2512865 Troutdale $20,000.
31 3/11/97 18.00 06 178 1 $136,000.


OR 5.99 2 141990000512866 13731 Knaus  91 $74,600. 8/27/11 95 $191353
8/27/96 97034 180 05 4.00 2512866 Lake Oswego $74,600.
45 11/27/96 18.00 02 178 1 $280,000.

CA 7.25 2 106990000512871 1992 Crimson LN 91 $25,000. 8/13/21 84 $187500
9/13/96 95403 299 05 2.00 2512871 Santa Rosa $25,000.
26 3/13/97 15.00 06 298 1 $255,000.



<PAGE>
CA 5.99 2 106990000512873 4560 Eull CT 81 $45,000. 10/1/21 80 $207000
9/6/96 94566 300 05 0.25 2512873 Pleasanton $45,000.
35 12/6/96 15.00 01 300 1 $315,000.

CA 5.99 2 106990000512876 7595 Giusti Road 81 $13,500. 8/21/21 50 $69256
8/21/96 95436 300 05 1.00 2512876 Forestville $100,000.
39 11/21/96 15.00 06 298 1 $345,000.


CA 7.25 2 106990000512879 28 Downfield  91 $50,000. 8/10/11 95 $268200
9/10/96 92679 179 03 3.75 2512879 Coto De Caza $50,000.
50 3/10/97 15.00 00 178 1 $335,365.






CA 7.25 2 106990000512885 6017 Pat AVE 91 $29,693. 9/4/11 93 $270324
9/4/96 91367 180 05 3.75 2512885 Woodland Hills  $50,000.
45 3/4/97 15.00 06 179 1 $345,000.

FL 7.25 2 112990000512886 1902 Coral Tree  81 $12,338.8 8/16/21 80 $27918
9/16/96 33511 299 05 1.00 2512886 Brandon $61,600.
32 3/16/97 18.00 06 298 1 $112,000.


CA 7.25 2 106990000512888 7816 Medinah CT 91 $49,000. 8/13/21 85 $299000
9/13/96 94566 299 05 2.25 2512888 Pleasanton $49,000.
44 3/13/97 15.00 03 298 1 $410,000.

CA 11.5 2 106990000512891 36849  92 $24,500. 8/30/11 100 $113451
8/30/96 93638 180 05 3.25 2512891 Madera $24,500.
42 0 15.00 03 179 1 $138,000.


NY 5.99 2 136990000512892 34-50 200th ST 81 $25,000. 8/11/21 79 $143500
9/11/96 11361 299 05 1.00 2512892 Bayside $25,000.
41 12/11/96 18.00 06 298 1 $215,000.

CA 7.25 2 106990000512901 19712 Torres  91 $30,900. 4/20/21 90 $246524
5/20/96 92679 299 03 2.00 2512901 Trabuco Canyon (  $30,900.
34 11/20/96 15.00 00 294 1 $308,760.



<PAGE>
WA 5.99 2 153990000512904 4726 163rd CT SE 90 $14,783.49 8/29/11 86 $182320
8/29/96 98006 180 05 4.00 2512904 Bellevue $15,000.
49 11/28/96 18.00 02 178 1 $232,000.

UT 6.99 2 149990000512910 208 East  81 $7,845. 9/6/21 74 $42203
9/6/96 84115 300 05 0.50 2512910 Salt Lake City $24,000.
34 12/6/96 18.00 06 299 1 $90,000.


CA 5.99 2 106990000512911 26062 Hitching  81 $28,000. 8/5/21 57 $207000
9/5/96 92653 299 05 0.50 2512911 Laguna Hills $28,000.
41 12/5/96 15.00 00 298 1 $415,000.

FL 7.25 2 112990000512912 1880 17th ST SW 81 $23,516.3 8/11/21 79 $70891
9/11/96 33964 299 05 1.00 2512912 Naples $50,000.
31 3/11/97 18.00 06 298 1 $154,000.


CA 5.99 2 106990000512917 32875 Chantada  91 $36,750. 7/23/21 90 $183750
8/23/96 93510 299 05 2.25 2512917 Acton $36,750.
34 11/23/96 15.00 00 297 1 $245,000.






WA 5.99 2 153990000512923 8509 169th PL NE 91 $31,190. 8/20/11 90 $155950
8/20/96 98052 180 05 2.25 2512923 Redmond $31,190.
32 11/20/96 18.00 00 178 1 $207,950.

WA 7.25 2 153990000512926 5630 40th AVE W 91 $45,000. 9/4/11 90 $207000
9/4/96 98199 180 05 2.75 2512926 Seattle $45,000.
41 3/4/97 18.00 02 179 1 $280,000.


CA 5.99 2 106990000512927 1014 31st AVE 81 $11,259. 9/6/11 72 $282000
9/6/96 94403 180 05 1.00 2512927 San Mateo $50,000.
37 12/6/96 15.00 03 179 1 $465,000.

CA 12. 2 106990000512928 17753 Nearbank  92 $97,000. 9/6/11 100 $142329
9/6/96 91748 180 05 3.75 2512928 Rowland Heights  $97,000.
40 0 15.00 06 179 1 $240,000.



<PAGE>
CA 5.99 2 106990000512936 5622 Ravenna CT 91 $50,000. 8/29/21 85 $294250
8/29/96 95118 300 05 2.25 2512936 San Jose $50,000.
33 11/29/96 15.00 00 298 1 $405,000.

CA 5.99 2 106990000512937 1751 Park BLVD 91 $43,000. 9/9/21 90 $344000
9/9/96 94306 300 05 2.25 2512937 Palo Alto $43,000.
36 12/9/96 15.00 00 299 1 $430,000.


CA 7.25 2 106990000512941 1055 Ridgecrest  91 $57,500. 8/3/21 90 $369394
9/3/96 93444 299 05 2.75 2512941 Nipomo $57,500.
45 3/3/97 15.00 06 298 1 $475,000.

CA 5.99 2 106990000512943 733 Kingery DR 91 $48,100. 7/15/11 99 $99009
8/15/96 95366 179 05 3.75 2512943 Ripon $48,400.
45 11/16/96 15.00 06 177 1 $150,000.


NV 5.99 2 132990000512978 1930 Butte 91 $41,700. 8/29/21 90 $70613
8/29/96 89883 300 05 2.75 2512978 West Wendover $41,700.
45 11/29/96 18.00 02 298 1 $125,000.

CA 5.99 2 106990000512985 42 Seaward RD 91 $34,600. 8/16/21 90 $276800
9/16/96 92625 299 01 3.25 2512985 Newport Beach $34,600.
46 12/16/96 15.00 00 298 1 $346,000.


UT 9.75 2 149990000512987 2457 E Walker  81 $25,000. 8/17/11 32 $708388
9/17/96 84117 179 05 1.50 2512987 Salt Lake City $100,000.
29 0 18.00 06 178 1 $2,600,000.






GA 7.25 2 113990000512990 1850 Gramercy  91 $50,000. 8/27/11 95 $192750
8/27/96 30338 180 05 3.75 2512990 Dunwoody $50,000.
35 2/27/97 18.00 03 178 1 $257,000.

CA 7.25 2 106990000512994 2030 17th AVE 81 $16,491.5 9/4/11 50 $119101
9/4/96 94116 180 05 1.00 2512994 San Francisco $30,000.
36 3/4/97 15.00 06 179 1 $299,000.



<PAGE>
UT 5.99 2 149990000512995 4451 South  81 $11,603. 8/26/11 80 $76244
8/26/96 84120 180 05 0.50 2512995 West Valley City $22,800.
39 11/26/96 18.00 02 178 1 $124,000.

CA 5.99 2 106990000513000 3486 E Bellaire  91 $7,435. 7/29/21 90 $62994
8/29/96 93726 299 05 2.25 2513000 Fresno $12,500.
41 11/29/96 15.00 06 297 1 $84,000.


CA 7.25 2 106990000513001 940 Greenhill RD 91 $37,275. 9/5/21 95 $198800
9/5/96 94941 300 05 3.75 2513001 Mill Valley $37,275.
28 3/5/97 15.00 00 299 1 $248,500.

GA 5.99 2 113990000513020 10330 Tuxford  91 $20,000. 9/3/21 87 $207000
9/3/96 30202 300 05 2.25 2513020 Alpharetta $20,000.
38 12/3/96 18.00 00 299 1 $261,500.


GA 11.25 2 113990000513022 1129 Old Hickory  92 $12,083. 8/30/11 100 $79000
8/30/96 30132 180 05 3.00 2513022 Dallas $15,500.
29 0 18.00 06 179 1 $94,500.

CA 7.25 2 106990000513026 38133 Glendale  91 $49,500. 9/6/21 90 $247500
9/6/96 94536 300 03 2.25 2513026 Fremont $49,500.
36 3/6/97 15.00 00 299 1 $330,000.


GA 12. 2 113990000513031 3415 Merganser  92 $70,000. 9/5/11 100 $186996
9/5/96 30202 180 03 3.75 2513031 Alpharetta $70,000.
33 0 18.00 02 179 1 $258,000.

UT 5.99 2 149990000513060 1866 E Logan  81 $17,000. 8/28/21 39 $75000
8/28/96 84104 300 05 0.50 2513060 Salt Lake City $20,000.
34 11/28/96 18.00 06 298 1 $247,000.


CA 5.99 2 106990000513061 2401 Norse ST 91 $7,500. 8/13/21 90 $244000
9/13/96 92627 299 05 2.25 2513061 Costa Mesa $30,000.
41 12/13/96 15.00 00 298 1 $305,000.







<PAGE>
MN 5.99 2 127990000513063 247 E Winona ST 91 $14,700. 8/29/21 90 $73500
8/29/96 55107 300 05 3.25 2513063 St. Paul $14,700.
47 11/29/96 18.00 02 298 1 $98,000.

AZ 7.25 2 104990000513068 4938 N 82nd ST 91 $31,795.46 8/12/21 90 $71189
9/12/96 85251 299 05 2.00 2513068 Scottsdale $39,300.
28 3/12/97 18.00 06 298 1 $123,000.


CA 5.99 2 106990000513087 1616 Nickel AVE 91 $22,000. 9/4/11 88 $135750
9/4/96 95121 180 05 3.75 2513087 San Jose $22,000.
34 12/4/96 15.00 01 179 1 $181,000.

CA 5.99 2 106990000513090 1565 Sonny's  91 $20,000. 8/29/11 87 $248000
8/29/96 95023 180 03 3.75 2513090 Hollister $20,000.
43 11/29/96 15.00 01 178 1 $310,000.


CA 5.99 2 106990000513091 9601 Abbeyfield  91 $15,920. 8/12/11 95 $112000
9/12/96 92071 179 05 3.75 2513091 Santee $21,000.
34 12/12/96 15.00 06 178 1 $140,000.

CA 5.99 2 106990000513094 2516 Eighth ST 91 $39,000. 8/23/21 90 $312000
8/23/96 94550 300 05 2.75 2513094 Livermore $39,000.
43 11/23/96 15.00 00 298 1 $390,000.


NC 12.5 2 137990000513095 394 Royal Pines  90 $14,200. 7/15/11 95 $59812
8/15/96 28704 179 05 4.25 2513095 Arden $14,200.
50 0 1600.00 02 177 1 $78,000.

VA 5.99 2 151990000513098 3110 Cobb Hill  91 $14,550. 8/27/11 93 $262000
8/27/96 22124 180 05 3.25 2513098 Oakton $14,550.
39 11/27/96 18.00 03 178 1 $298,000.


CA 12.5 2 106990000513099 11045 Flower  91 $40,000. 8/16/11 95 $195138
9/16/96 92708 179 05 4.25 2513099 Fountain Valley $50,000.
50 0 15.00 06 178 1 $260,000.

CA 5.99 2 106990000513106 6126 Rhodes AVE 91 $40,000. 9/4/21 88 $322650
9/4/96 91606 300 05 2.75 2513106 North Hollywood $50,000.
43 12/4/96 15.00 06 299 1 $425,000.



<PAGE>
CA 7.25 2 106990000513130 621 Hennessy  91 $20,620. 9/6/21 90 $251250
9/6/96 93065 300 03 2.00 2513130 Simi Valley $50,000.
27 3/6/97 15.00 06 299 1 $335,000.






CA 7.25 2 106990000513137 1606 Ardmor  91 $16,291. 8/30/11 90 $76805
8/30/96 95350 180 05 2.25 2513137 Modesto $41,900.
30 2/28/97 15.00 06 179 1 $132,000.

CA 5.99 2 106990000513139 184 Sunwood  91 $18,900. 8/30/21 90 $94500
8/30/96 95119 300 05 2.75 2513139 San Jose $18,900.
39 11/30/96 15.00 01 299 1 $126,500.


WA 5.99 2 153990000513142 2614 E 8th AVE 91 $47,300. 9/9/11 95 $26274
9/9/96 99202 180 05 3.75 2513142 Spokane $47,300.
44 12/9/96 18.00 06 179 1 $77,500.

WA 7.25 2 153990000513143 8225 Springridge  81 $50,000. 9/6/11 61 $146880
9/6/96 98110 180 05 1.00 2513143 Bainbridge Island $50,000.
38 3/6/97 18.00 06 179 1 $325,000.


SC 5.99 2 145990000513144 State Road 336 81 $50,000. 8/20/21 73 $113588
8/20/96 29936 300 05 2.00 2513144 Ridgeland $50,000.
42 11/20/96 18.00 06 298 1 $225,000.

CA 5.99 2 106990000513151 3201 Bluebird DR 81 $141,000. 9/5/21 80 $100000
9/5/96 95117 300 05 1.00 2513151 San Jose $141,000.
45 12/5/96 15.00 00 299 1 $302,000.


IL 7.25 1 117990000513154 30 E Elm ST 81 $40,000. 9/18/11 45 $0
9/18/96 60611 180 01 1.50 2513154 Chicago $40,000.
34 3/18/97 18.00 06 179 1 $90,000.

CA 7.25 2 106990000513165 9457 Dalton  91 $35,538.25 9/9/11 94 $83077
9/9/96 95662 180 05 3.75 2513165 Orangevale $38,500.
48 3/9/97 15.00 01 179 1 $130,000.



<PAGE>
MI 5.99 2 126990000513166 8628 S Lakeview  81 $50,000. 7/23/11 70 $125000
8/23/96 49684 179 05 1.00 2513166 Traverse City $50,000.
31 11/23/96 18.00 03 177 1 $250,000.

CA 5.99 2 106990000513180 2656 Carisbrook  91 $20,000. 9/5/21 87 $231200
9/5/96 94611 300 05 2.25 2513180 Oakland $20,000.
35 12/5/96 15.00 06 299 1 $289,000.


CA 7.25 2 106990000513183 1563 Cerro  91 $31,500. 10/1/21 90 $157000
9/13/96 94954 300 05 2.75 2513183 Petaluma $31,500.
40 3/13/97 15.00 02 300 1 $210,000.






VA 10.25 2 151920000400063 1505 Spring Vale  92 $4,715.05 6/15/19 89 $311300
6/15/94 22101 300 05 2.00 9400063 McLean $34,000.
24 12/15/94 18.00 06 272 1 $389,125.

VA 10.25 2 151920000400064 9805 Thunderhill  92 $13,454.07 6/17/19 90 $356000
6/17/94 22066 300 03 2.00 9400064 Great Falls $44,000.
33 12/17/94 18.00 06 272 1 $445,000.


VA 10.25 2 151920000400067 Route 5 Box 158a 92 $32,865.58 6/10/19 85 $277500
6/10/94 22186 300 05 2.00 9400067 Warrenton $35,000.
34 12/10/94 18.00 06 272 1 $370,000.

CA 9.75 2 106920000400102 27 Glorietta Court 92 $21,677.72 6/21/19 90 $280000
6/21/94 94563 300 05 1.50 9400102 Orinda $35,000.
31 12/21/94 18.00 06 272 1 $350,000.


CA 10.25 2 106920000400191 3903 Aborn Rd 92 $95,666.19 7/1/19 86 $485000
7/1/94 95135 300 05 2.00 9400191 San Jose $100,000.
37 1/1/95 18.00 06 273 1 $685,000.

CA 9.75 2 106910000400209 2696 Rodeo  91 $99,218.82 6/28/19 69 $466000
6/28/94 95073 300 05 1.50 9400209 Soquel $100,000.
35 12/28/94 18.00 06 272 1 $825,000.



<PAGE>
CA 10.25 2 106920000400236 807 Albatross  92 $4,617.34 5/10/19 86 $250000
6/10/94 94945 299 03 2.00 9400236 Novato $20,000.
11 12/10/94 18.00 06 271 1 $315,000.

NJ 9.75 2 134910000400380 9 Garden Place 91 $4,653.93 6/16/19 61 $64917
7/16/94 08822 299 05 1.50 9400380 Flemington $53,500.
45 1/16/95 18.00 06 272 1 $195,000.


NV 10.25 2 132920000400396 2612 Frontera  92 $16,757.01 6/20/19 90 $159797
7/20/94 89014 299 05 2.00 9400396 Henderson $36,700.
22 10/18/94 18.00 06 272 1 $220,000.

CA 10.25 2 106920000400706 5926 Mescalero  92 $30,650.3 8/18/19 90 $175330
8/18/94 95123 300 05 2.00 9400706 San Jose $31,200.
42 2/18/95 18.00 06 274 1 $229,500.


NJ 9.75 2 134910000400776 143 Rodge Road 91 $9,358.05 7/12/19 47 $49798
8/12/94 07860 299 03 1.50 9400776 Newton $25,000.
38 2/12/95 18.00 06 273 1 $160,000.






NJ 10.25 2 134920000400791 5 Rita Drive 92 $4,908.4 7/25/19 89 $175371
8/25/94 07950 299 05 2.00 9400791 Morris Plains $25,000.
31 2/25/95 18.00 06 273 1 $226,000.

CA 10.5 2 106920000401284 7644 Denio Way 92 $20,650.55 8/23/19 90 $103008
9/23/94 95610 299 05 2.25 9401284 Citrus Heights $21,200.
32 3/23/95 18.00 06 274 1 $138,000.


CA 10.5 2 106920000401407 1701 North  92 $18,900. 9/26/19 90 $352894
9/26/94 90266 300 05 2.25 9401407 Manhattan Beach $44,200.
33 3/26/95 18.00 06 275 1 $442,000.

CA 10.5 2 106920000401528 3959 La Donna  92 $12,331.28 8/29/19 89 $449884
9/29/94 94306 299 05 2.25 9401528 Palo Alto $65,000.
37 3/29/95 18.00 06 274 1 $580,000.



<PAGE>
HI 9.75 2 115910000401665 95-1041  91 $4,262.73 11/27/19 80 $334732
10/27/94 96789 301 05 1.50 9401665 Mililani $21,000.
41 1/27/95 18.00 06 277 1 $448,000.

GA 9.75 2 113910000401955 1962 Masthaven  91 $19,805.05 9/26/19 90 $69106
9/27/94 30278 299 05 1.50 9401955 Snellville $20,000.
38 3/27/95 18.00 06 275 1 $112,400.


CA 9.75 2 106910000401973 16866 Livorno  91 $25,967.56 8/15/19 80 $374000
9/15/94 90272 299 05 1.50 9401973 Pacific Palisades $26,000.
37 3/15/95 18.00 06 274 1 $500,000.

NJ 10.5 2 134920000402142 1098 Mayfair  92 $13,349.55 8/30/19 90 $101911
9/30/94 07065 299 05 2.25 9402142 Rahway $15,000.
20 3/30/95 18.00 06 275 1 $130,000.


VA 10.5 2 151920000402192 9819 Burke Pond  92 $5,789.81 10/7/19 90 $170705
10/7/94 22015 300 03 2.25 9402192 Burke $31,500.
28 4/7/95 18.00 06 276 1 $225,000.

CA 10.5 2 106920000402224 22495 Bluejay 92 $46,503.26 10/1/19 90 $401036
9/29/94 92692 300 03 2.25 9402224 Mission Viejo $48,500.
33 12/29/94 18.00 06 276 1 $500,000.


CA 10.5 2 106920000402235 1701 Woodburn  92 $12,358.5 8/16/19 90 $123722
9/16/94 92021 299 05 2.25 9402235 El Cajon $16,600.
42 3/16/95 18.00 06 274 1 $156,000.






FL 9.75 2 112910000402356 6102 White Oak  91 $5,134.19 8/23/19 57 $47995
9/23/94 33319 299 05 1.50 9402356 Tamarac $20,400.
41 12/23/94 18.00 01 274 1 $120,000.

CA 10.5 2 106920000402385 793 Calle Catalpa 92 $39,445.26 9/26/19 90 $161009
10/26/94 91360 299 05 2.25 9402385 Thousand Oaks $40,000.
41 4/26/95 18.00 06 275 1 $225,000.



<PAGE>
CA 10.5 2 106920000402494 9036 Katherine  92 $9,827.81 10/20/19 90 $96404
10/20/94 91402 300 05 2.25 9402494 Panorama City $37,600.
28 1/20/95 18.00 06 276 1 $149,000.

CA 10.5 2 106920000402504 917 Osceola Court 92 $127,445.45 9/17/19 90 $310000
10/17/94 94598 299 05 2.25 9402504 Walnut Creek $130,000.
37 4/17/95 18.00 06 275 1 $490,000.


GA 10.5 2 113920000402733 5146 Harris Drive 92 $19,978.09 10/1/19 89 $93500
9/23/94 31052 300 05 2.25 9402733 Lizella $20,000.
36 3/22/95 18.00 06 276 1 $128,000.

CA 10.5 2 106920000402796 7516 Whitaker  92 $19,087.12 10/26/19 90 $97000
10/26/94 91406 300 05 2.25 9402796 Los Angeles $20,000.
30 1/26/95 18.00 00 276 1 $130,000.


CA 9.75 2 106910000402878 146 South Anita  91 $25,206.2 8/2/19 16 $99752
9/27/94 90049 298 05 1.50 9402878 Los Angeles $35,000.
43 3/27/95 18.00 06 274 1 $850,000.

CA 9.75 2 106910000402932 5495 91 $76,999.34 11/1/19 90 $414000
11/1/94 95405 300 05 1.50 9402932 Santa Rosa $77,400.
27 2/1/95 18.00 06 277 1 $546,000.


NJ 10.5 2 134920000403006 101 Euclid  92 $12,086.56 10/22/09 90 $112696
11/22/94 07747 179 05 2.25 9403006 Aberdeen $27,500.
37 2/22/95 18.00 06 156 1 $156,000.

CA 9.75 2 106910000403016 65 Wellington  91 $116,417.77 10/2/19 66 $702335
11/2/94 94957 299 05 1.50 9403016 Ross $150,000.
44 2/2/95 18.00 02 276 1 $1,300,000.


CA 10.5 2 106920000403093 2235 East  92 $24,079.53 11/4/19 90 $203150
11/4/94 92806 300 05 2.25 9403093 Anaheim $25,000.
29 2/4/95 18.00 06 277 1 $255,000.







<PAGE>
NJ 10.5 2 134920000403164 62 Dyckman Place 92 $30,876.65 10/18/19 90 $306794
11/18/94 07920 299 05 2.25 9403164 Basking Ridge $42,200.
41 2/18/95 18.00 06 276 1 $390,000.

OR 9.75 2 141910000403666 1263 Ne 17th  91 $42,344.51 10/14/19 80 $63434
11/14/94 97124 299 05 1.50 9403666 Hillsboro $48,500.
31 2/14/94 18.00 06 276 1 $140,000.


CA 10.5 2 106920000403696 2071 El Monte  92 $28,643.2 12/13/19 90 $236000
12/13/94 91362 300 05 2.25 9403696 Thousand Oaks $29,500.
26 3/13/95 18.00 00 278 1 $295,000.

CA 10.5 2 106920000403739 24401 Chandler  92 $25,707.22 12/14/19 90 $208969
12/14/94 94545 300 05 2.25 9403739 Hayward $26,000.
35 3/14/95 18.00 02 278 1 $263,000.


UT 10.5 2 249910000403805 4000 South  91 $27,696.59 11/23/19 80 $79793
11/23/94 84124 300 05 1.50 9403805 Salt Lake City $40,200.
33 2/23/95 18.00 06 277 1 $150,000.

CA 10.5 2 106920000403838 399 Woodrow  92 $18,691.04 11/11/19 89 $188000
11/11/94 94014 300 05 2.25 9403838 Daly City $20,000.
42 2/11/95 18.00 01 277 1 $235,000.


CA 10.5 2 106920000403943 2325 Laredo Road 92 $47,531.72 10/3/19 90 $139555
11/3/94 95825 299 05 2.25 9403943 Sacramento $49,400.
47 5/3/95 18.00 02 276 1 $210,000.

NJ 10.5 2 134920000404042 126 Watchung  92 $11,048.14 10/8/19 90 $264000
11/8/94 07928 299 05 2.25 9404042 Chatham $33,000.
28 2/8/95 18.00 06 276 1 $330,000.


IL 9.75 2 217910000404123 21401 Boschome  91 $112,327.62 11/14/09 80 $177382
11/14/94 60047 180 05 1.50 9404123 Kildeer $114,600.
45 2/14/95 18.00 02 157 1 $365,000.

HI 10.5 2 115920000404151 365 Kalama Street 92 $39,716.56 10/21/19 84 $344800
11/21/94 96734 299 05 2.25 9404151 Kailua $40,000.
44 2/21/95 18.00 06 276 1 $460,000.



<PAGE>
CA 10.5 2 106920000404261 2612 Maxwell  92 $28,638.93 12/9/19 89 $120000
12/9/94 94619 300 05 2.25 9404261 Oakland $30,000.
15 3/9/95 18.00 06 278 1 $170,000.






CA 10.5 2 106920000404301 7137 Treeline  92 $30,882.6 11/2/19 90 $287003
12/2/94 95746 299 05 2.25 9404301 Granite Bay $32,400.
36 3/2/95 18.00 06 277 1 $355,000.

PA 9.75 2 142910000404671 723 Wildell Road 91 $3,089.93 12/15/19 67 $50773
12/15/94 19026 300 05 1.50 9404671 Drexel Hill $20,000.
31 3/15/95 18.00 06 278 1 $107,000.


CA 10.5 2 206920000404755 4251 Via  92 $27,399.84 12/14/09 90 $140000
12/14/94 92057 180 01 2.25 9404755 Oceanside $28,300.
28 3/14/95 18.00 06 158 1 $187,000.

OR 10.5 2 141920000405295 13125 136th  92 $10,390.72 11/27/19 90 $102631
12/27/94 97015 299 05 2.25 9405295 Clackamas $28,300.
35 3/27/95 18.00 06 277 1 $145,500.


KY 10.5 2 221910000405413 9504 Gutenberg  91 $10,046.17 12/11/19 90 $120000
1/11/95 40299 299 05 2.25 9405413 Louisville $43,400.
26 4/11/95 18.00 06 278 1 $181,650.

NY 10.5 2 236920000405440 243 Cherry Road 92 $50,668.12 11/19/19 90 $144640
12/14/94 10598 299 05 2.25 9405440 Yorktown Heights $53,000.
42 2/14/95 18.00 06 277 1 $220,000.


MO 10.5 2 229920000405481 444 Park Road 92 $12,450.95 1/30/20 90 $140000
12/30/94 63119 301 05 2.25 9405481 Webster Groves $69,500.
30 3/30/95 18.00 06 280 1 $235,000.

GA 9.75 2 113910000405931 3175 Fannie  91 $8,420.92 12/29/19 80 $161250
12/30/94 30655 299 05 1.50 9405931 Monroe $8,750.
43 3/30/95 18.00 03 278 1 $215,000.



<PAGE>
CA 10.5 2 106920000406014 2415 Kiser 92 $36,835.03 12/7/19 90 $442869
12/7/94 92680 300 05 2.25 9406014 Tustin $39,750.
40 3/7/95 18.00 03 278 1 $540,000.

CA 10.5 2 106920000406072 1625 Clearview  92 $24,388.19 12/5/19 88 $268000
1/5/95 90210 299 05 2.25 9406072 Beverly Hills $25,000.
35 4/5/95 18.00 00 278 1 $335,000.


CA 11.75 2 106910000406249 1364 Solano  91 $22,446.54 12/12/19 88 $188000
1/12/95 94044 299 05 2.25 9406249 Pacifica $23,500.
27 7/12/95 18.00 06 278 1 $242,000.






CA 10.5 2 106920000406321 1025 West Street 92 $5,141.26 12/10/19 89 $78000
1/10/95 94565 299 05 2.25 9406321 Pittsburg $15,000.
43 4/10/95 18.00 06 278 1 $105,000.

HI 10.5 2 115920000406327 59-513 Alakahua  92 $28,614.01 12/25/19 90 $187500
1/25/95 96743 299 05 2.25 9406327 Kamuela $33,000.
42 4/25/95 18.00 01 278 1 $245,000.


CA 10.5 2 106920000406351 5202 Lynnwood  92 $21,692.89 2/1/20 90 $173200
2/1/95 93012 300 05 2.25 9406351 Camarillo $21,650.
42 4/1/95 18.00 00 280 1 $216,500.

CO 9.75 2 108910000406355 8622 East Kettle  91 $5,628.58 12/28/19 60 $97062
1/28/95 80112 299 03 1.50 9406355 Englewood $30,000.
32 7/28/95 18.00 06 278 1 $212,000.


NJ 10.5 2 134920000406469 318 Summit Place 92 $20,000. 1/28/20 90 $128468
2/28/95 08904 299 05 2.25 9406469 Highland Park $22,500.
35 5/28/95 18.00 06 279 1 $167,800.

FL 9.75 2 112910000406654 11915 West 45th  91 $19,876.22 12/30/19 80 $25115
1/30/95 33522 299 05 1.50 9406654 Cortez $26,800.
15 4/30/95 18.00 06 279 1 $65,000.



<PAGE>
CA 11. 2 106920000406812 459 Castenada  92 $27,000. 3/30/20 90 $336000
3/30/95 94116 300 05 2.75 9406812 San Francisco $42,000.
29 6/30/95 18.00 01 282 1 $420,000.

FL 10.5 2 112910000407447 1440 Stillwater  91 $28,705.27 12/24/19 61 $125000
1/24/95 33141 299 05 2.25 9407447 Miami Beach $32,500.
36 4/24/95 18.00 06 278 1 $259,000.


CA 11. 2 106920000407629 1020 Blue Oak  92 $49,314.4 2/2/20 81 $458389
3/2/95 95404 299 03 2.75 9407629 Santa Rosa $50,000.
44 9/2/95 18.00 06 280 1 $630,000.

CA 10.75 2 206930000408058 2942 Joshua Tree  31 $54,779.55 1/6/20 91 $67655
1/6/95 92503 300 05 2.50 9408058 Riverside $54,800.
37 0 18.00 06 279 1 $136,000.


OR 9.25 2 241920000408065 2134 N.e. 44th  31 $33,244. 1/3/20 85 $79000
1/3/95 97213 300 05 1.00 9408065 Portland $33,050.
36 0 18.00 06 279 1 $132,000.






CA 8.75 2 206910000408068 1513 Madrid  31 $50,048.73 10/19/19 80 $193662
10/19/94 90501 300 01 0.50 9408068 Torrance $55,000.
31 0 18.00 06 276 1 $311,000.

CA 9.25 2 206910000408071 2509 South  31 $10,505.16 6/28/19 73 $145000
6/28/94 92704 300 05 1.00 9408071 Santa Ana $15,000.
40 0 18.00 06 272 1 $220,000.


CO 8.75 1 208910000408072 7850 Hollywood  31 $34,298.21 7/25/19 56 $0
7/25/94 80022 300 05 0.50 9408072 Commerce City $34,300.
37 0 18.00 06 273 1 $62,000.

CA 9.25 2 206910000408073 20872 Paseo  31 $40,839.84 8/5/19 78 $157133
8/5/94 92630 300 05 1.00 9408073 Lake Forest $43,300.
41 0 18.00 06 274 1 $260,000.



<PAGE>
CA 9.25 2 206920000408096 14532 Seabridge  31 $65,153.29 12/27/20 88 $146524
1/27/95 92128 311 05 1.00 9408096 San Diego $65,800.
31 0 18.00 06 290 1 $243,000.

CA 9.25 2 206910000408100 2072 East 18th  31 $13,201.63 1/3/20 64 $57580
1/3/95 92404 300 05 1.00 9408100 San Bernardino $16,800.
41 0 18.00 06 279 1 $118,000.


CA 9.75 2 206910000408103 1612 Dune Point  31 $16,238.33 6/14/19 80 $203000
7/14/94 94514 299 05 1.50 9408103 Byron $21,000.
46 0 18.00 06 272 1 $280,000.

CA 10.25 2 206910000408118 34766 Pecan  31 $44,774.38 2/1/20 67 $17594
2/1/95 92399 300 05 2.00 9408118 Yucaipa $50,000.
45 0 18.00 06 280 1 $101,000.


OR 10.75 2 241920000408150 6332 Palomino  31 $16,879.22 11/4/19 90 $139000
11/4/94 97068 300 05 2.50 9408150 West Linn $17,600.
33 0 18.00 06 277 1 $174,000.

CA 9.25 2 206920000408152 6614 Summit  31 $45,413.61 1/1/20 85 $97008
2/1/95 92346 299 05 1.00 9408152 Highland $58,500.
37 0 18.00 06 279 1 $183,000.


UT 8.75 2 249910000408157 8022 S. Peregrine  31 $22,535.32 9/19/19 80 $132000
8/12/94 84094 301 05 0.50 9408157 Sandy $23,000.
42 0 18.00 06 275 1 $194,000.






CA 9.25 2 106910000408198 414 South Osage  91 $9,842.87 2/15/20 52 $49000
3/15/95 90301 299 05 1.00 9408198 Inglewood $20,000.
34 9/15/95 18.00 06 280 1 $133,000.

WA 11. 2 153920000408320 16117 Northeast  92 $28,009.8 4/3/20 90 $141750
4/3/95 98052 300 05 2.75 9408320 Redmond $28,350.
52 7/3/95 18.00 02 282 1 $189,000.



<PAGE>
CA 7.25 2 106990000408572 3888 Clayton  91 $6,984.46 6/27/21 89 $291792
6/27/96 90027 300 05 2.00 9408572 Los Angeles $50,000.
26 12/27/96 18.00 03 296 1 $385,000.

VA 9.25 2 151910000408580 1804 Dawson  91 $17,840.49 3/29/20 80 $203150
3/29/95 22182 300 09 1.00 9408580 Vienna $32,800.
33 6/30/95 18.00 06 281 1 $295,000.


UT 11. 2 149920000408661 756 N Picture  92 $4,380.4 2/20/20 90 $20527
3/20/95 84116 299 05 2.75 9408661 Salt Lake City $45,000.
29 6/30/95 18.00 06 280 1 $73,000.

CO 9.25 1 208910000409030 649 Osceola Street 31 $33,799.98 6/25/19 65 $0
7/25/94 80204 299 05 0.50 9409030 Denver $33,800.
35 4/11/95 18.00 06 272 1 $52,000.


CO 9.25 1 208910000409034 4901 Milwaukee  31 $32,500. 7/25/19 65 $0
7/25/94 80216 300 05 0.50 9409034 Denver $32,500.
35 3/31/95 18.00 06 273 1 $50,000.

CA 11. 2 106920000409098 510 Evelyn Place 92 $141,929.51 3/5/20 90 $716291
4/5/95 90210 299 05 2.75 9409098 Beverly Hills $143,200.
34 10/5/95 18.00 06 281 1 $955,000.


CA 9.25 2 106910000409120 978 Manor Way 91 $5,884.93 3/16/20 79 $152000
3/16/95 92106 300 05 1.00 9409120 San Diego $50,000.
45 6/16/95 18.00 01 281 1 $258,000.

NJ 9.25 2 134910000409247 200 High Street 91 $10,483.41 2/27/20 80 $154420
3/27/95 08840 299 05 1.00 9409247 Metuchen $26,000.
29 6/27/95 18.00 06 280 1 $225,900.


CA 11.5 2 106920000409461 17866 Tramonto  91 $61,825.84 4/29/21 87 $541438
4/29/96 90272 300 05 3.25 9409461 Pacific Palisades $63,000.
31 7/29/96 18.00 06 294 1 $700,000.







<PAGE>
CA 11. 2 106920000409633 5602 Ludlow 92 $57,746.5 7/24/20 90 $201173
8/24/95 92649 299 05 2.75 9409633 Huntington Beach $59,000.
44 11/24/95 18.00 01 285 1 $290,000.

VA 11. 2 151920000409777 9555 Pine Bough  92 $9,004.1 4/26/20 82 $203150
4/26/95 22181 300 03 2.75 9409777 Vienna $10,000.
21 7/31/95 18.00 06 282 1 $260,000.


CA 9.25 2 106910000409854 11740 Collins  91 $6,713.49 2/23/20 80 $122000
3/23/95 91607 299 05 1.00 9409854 Los Angeles $10,000.
46 9/23/95 18.00 00 280 1 $165,000.

FL 11. 2 112920000410038 7880 Sw 161  92 $28,361.1 2/21/20 90 $111000
3/21/95 33193 299 03 2.75 9410038 Miami $29,400.
30 6/21/95 18.00 06 280 1 $156,000.


CO 9.25 2 108910000410062 7628 South  91 $33,690.61 4/27/20 72 $103740
4/27/95 80122 300 05 1.00 9410062 Littleton $35,200.
39 10/27/95 18.00 06 282 1 $193,000.

CA 11. 2 106920000410338 13342 Marysville  92 $34,809.58 4/11/20 90 $74300
4/11/95 95935 300 05 2.75 9410338 Dobbins $35,000.
43 7/11/95 18.00 06 282 1 $122,000.


CA 11. 2 106920000410379 5 Mainsail 92 $72,336.07 2/27/20 88 $427500
3/27/95 92625 299 09 2.75 9410379 Newport Beach $73,000.
45 9/27/95 18.00 06 280 1 $570,000.

UT 9.25 2 249910000410774 4953 S Eastridge  91 $4,307.61 4/4/20 77 $52000
5/4/95 84117 299 01 1.00 9410774 Salt Lake City $20,000.
17 8/3/95 18.00 06 282 1 $94,000.


CA 9.25 2 106910000410949 15454 South  91 $16,785.25 4/17/20 80 $420000
5/17/95 93060 299 05 1.00 9410949 Santa Paula $100,000.
16 11/17/95 18.00 06 282 1 $650,000.

MA 9.25 2 225910000411034 148  91 $54,773.43 4/1/20 62 $196912
5/1/95 02116 299 01 1.00 9411034 Boston $87,000.
45 8/1/95 18.00 06 282 1 $464,000.



<PAGE>
WA 9.25 2 153910000411162 20415 150th  91 $9,860.87 4/1/20 79 $202000
5/1/95 98272 299 05 1.00 9411162 Monroe $33,000.
45 11/1/95 18.00 06 282 1 $300,000.






NV 11. 2 132920000411491 8517 Estrelita  92 $45,262.46 4/19/20 90 $202000
5/19/95 89128 299 05 2.75 9411491 Las Vegas $45,000.
23 8/19/95 18.00 06 282 1 $275,000.

VA 9.25 2 151910000411902 115 Accomac  91 $31,338.91 3/28/20 80 $65000
4/28/95 22630 299 05 1.00 9411902 Front Royal $54,200.
32 7/28/95 18.00 06 281 1 $150,000.


CA 11. 2 106920000412340 424 West 64th  92 $18,118.02 5/5/20 90 $148000
6/5/95 90302 299 05 2.75 9412340 Inglewood $18,500.
43 9/5/95 18.00 06 283 1 $186,000.

CA 11.75 2 106920000412462 1016 Cherry  92 $19,943.87 4/30/20 90 $193686
5/30/95 94070 299 05 2.75 9412462 San Carlos $25,000.
39 11/30/95 18.00 02 283 1 $245,000.


GA 9.25 2 113910000412465 2720 Kaley Lane 91 $6,811.93 5/18/20 75 $74000
5/19/95 30144 299 05 1.00 9412465 Kennesaw $40,000.
16 8/19/95 18.00 00 283 1 $153,000.

GA 9.25 2 113910000412606 1571 Crystal  91 $3,201.34 5/8/20 77 $130000
6/8/95 30606 299 05 1.00 9412606 Athens $85,000.
30 9/8/95 18.00 00 283 1 $282,000.


VA 9.25 2 151910000412663 6208 Luckey  91 $5,606.02 6/23/20 71 $125000
6/23/95 22041 300 03 1.00 9412663 Falls Church $50,000.
39 9/30/95 18.00 00 284 1 $247,000.

CA 9.25 2 106910000412710 1365 Belding  91 $9,893.36 6/3/20 80 $117000
6/3/95 94579 300 05 1.00 9412710 San Leandro $43,000.
37 9/3/95 18.00 06 284 1 $200,000.



<PAGE>
NJ 9.25 2 134910000412752 107 Hershfield  91 $3,176. 5/14/20 34 $32530
6/14/95 07442 299 05 1.00 9412752 Pompton Lakes $15,000.
33 9/14/95 18.00 06 283 1 $143,000.

MA 9.25 2 125910000412858 199 Coolidge  91 $98,225.27 4/1/20 70 $198000
5/31/95 02172 298 06 1.00 9412858 Watertown $100,000.
20 8/31/95 18.00 06 282 1 $430,000.


CA 11. 2 106920000413576 43677 Excelso  92 $14,070.55 5/29/20 90 $345000
6/29/95 94539 299 05 2.75 9413576 Fremont $78,000.
45 9/29/95 18.00 01 283 1 $475,000.






UT 9.25 2 149910000413730 10853 South  91 $9,318.17 8/7/20 44 $110000
8/4/95 84092 300 05 1.00 9413730 Sandy $30,000.
59 11/4/95 18.00 00 286 1 $324,000.

VA 9.25 2 151910000413911 7103 Nanjemoy  91 $15,726.16 7/10/20 80 $165000
7/10/95 22046 300 05 1.00 9413911 Falls Church $31,000.
27 10/31/95 18.00 00 285 1 $245,000.


GA 11. 2 113920000414133 720 North Island  92 $39,694.74 6/15/20 90 $320000
6/16/95 30327 299 05 2.75 9414133 Atlanta $40,000.
29 9/16/95 18.00 06 284 1 $400,000.

PA 9.25 2 142910000414584 Rt 340 Kings  91 $4,542.75 7/28/20 23 $4904
7/24/95 19376 300 05 1.00 9414584 Wagontown $20,000.
19 10/31/95 18.00 06 285 1 $113,000.


GA 9.25 2 113910000414585 3250 Timber  91 $10,533.6 5/30/20 75 $60000
6/30/95 30249 299 05 1.00 9414585 Loganville $20,000.
31 9/30/95 18.00 00 284 1 $107,900.

MA 11. 2 125920000414702 23 Dayton Street 92 $12,910.5 6/1/20 88 $112000
7/26/95 02169 298 05 2.75 9414702 Quincy $20,000.
17 10/26/95 18.00 00 284 1 $150,000.



<PAGE>
NV 11. 2 132920000414829 1721 Monterey  92 $8,105.16 6/18/20 90 $121000
7/18/95 89115 299 05 2.75 9414829 Las Vegas $32,000.
21 10/18/95 18.00 06 284 1 $170,000.

DC 11. 2 111920000414991 3503 Quebec  92 $11,609.75 8/1/20 90 $340000
8/1/95 20016 300 05 2.75 9414991 Washington $42,500.
43 11/1/95 18.00 00 286 1 $425,000.


PA 9.25 2 142910000415144 1556 Blackrock  91 $12,116.87 7/28/20 74 $54000
7/24/95 19081 300 05 1.00 9415144 Swarthmore $25,000.
15 10/31/95 18.00 06 285 1 $108,000.

KY 9.25 2 221910000415208 14421 Old Henry  91 $9,690.02 6/25/20 71 $184643
7/25/95 40245 299 05 1.00 9415208 Louisville $10,000.
39 10/23/95 18.00 01 284 1 $275,000.


CA 11. 2 206910000415331 5615 Middle  91 $6,000.73 6/27/20 90 $278000
7/27/95 91301 299 05 2.75 9415331 Agoura Hills $34,750.
24 10/27/95 18.00 06 284 1 $350,000.






CA 9.75 2 106910000415366 4330 Belair Drive 91 $6,993.32 8/8/20 72 $543000
8/8/95 91011 300 05 1.50 9415366 La Canada $50,000.
16 11/8/95 18.00 01 286 1 $835,000.

CA 11. 2 106920000415502 32986 Old Miner  92 $9,847.5 8/4/20 90 $184000
8/4/95 93510 300 05 2.75 9415502 Acton $32,000.
49 11/4/95 18.00 06 286 1 $240,000.


WI 9.25 2 255910000415542 N18 W29059  91 $16,313.14 8/9/20 80 $135000
8/9/95 53072 300 05 1.00 9415542 Pewaukee $50,000.
26 11/30/95 18.00 06 286 1 $233,000.

CO 9.25 2 208910000415849 1733 Lakeview  91 $4,740.13 7/31/20 61 $75000
8/31/95 80524 299 05 1.00 9415849 Fort Collins $80,000.
44 11/30/95 18.00 00 286 1 $257,000.



<PAGE>
GA 9.25 2 113910000415864 1350 Holland  91 $18,375.13 7/7/20 70 $173523
7/7/95 30073 300 05 1.00 9415864 Powder Springs $33,000.
31 11/7/95 18.00 01 285 1 $295,000.

GA 11. 2 113910000415866 195 McWhorter  91 $4,923.75 7/2/20 72 $120902
8/2/95 30606 299 05 2.75 9415866 Athens $33,500.
34 11/2/95 18.00 01 285 1 $215,000.


UT 9.25 2 149910000415967 11735 South  91 $3,147.54 7/1/20 60 $60000
8/1/95 84092 299 05 1.00 9415967 Sandy $30,000.
39 11/1/95 18.00 01 285 1 $150,000.

CA 11. 2 106910000416013 841 Rim Crest  91 $44,001.9 7/15/20 90 $313715
8/15/95 91361 299 05 2.75 9416013 Thousand Oaks $45,000.
28 2/15/96 18.00 06 285 1 $400,000.


OR 11. 2 141920000416160 4043 Sw  92 $4,404.95 6/23/20 86 $180000
6/23/95 97221 300 03 2.75 9416160 Portland $100,000.
47 9/23/95 18.00 00 284 1 $328,000.

CA 11. 2 106910000416336 53 Seagull Drive 91 $33,015.66 8/17/20 90 $258000
8/17/95 94804 300 03 2.75 9416336 Richmond $34,000.
43 11/17/95 18.00 01 286 1 $325,000.


CA 11. 2 106910000416348 2035 Stanley  91 $53,297.53 7/24/20 89 $427865
8/24/95 90046 299 05 2.75 9416348 Los Angeles $54,090.
43 11/24/95 18.00 06 285 1 $545,000.






CA 9.25 1 106910000416357 7967 Eagle View  91 $10,889.91 8/9/10 48 $0
9/9/95 95650 179 05 1.00 9416357 Loomis $130,000.
35 12/9/95 18.00 06 166 1 $275,000.

CO 11. 2 108910000416395 4804 South  91 $5,513.72 7/25/10 90 $175000
8/25/95 ****** 179 03 2.75 9416395 Aurora $50,000.
36 9/30/95 18.00 00 165 1 $250,000.



<PAGE>
FL 9.75 2 212910000416516 13011 S.w.84th  91 $22,067.31 7/15/10 70 $72000
8/15/95 33183 179 05 1.50 9416516 Miami $22,500.
37 8/31/95 18.00 01 165 1 $135,000.

CA 9.25 2 106910000416542 548 Francisco  91 $6,732.79 8/24/20 61 $142000
8/24/95 94010 300 05 1.00 9416542 Burlingame $79,000.
44 11/24/95 18.00 00 286 1 $365,000.


CA 11. 2 106910000416581 1443 Beacon  91 $9,659.59 7/22/20 90 $141500
8/22/95 94579 299 05 2.75 9416581 San Leandro $23,000.
47 11/22/95 18.00 01 285 1 $184,000.

VA 9.25 2 151910000416785 Route 1, Box 320 91 $6,050.12 7/31/20 80 $106600
8/31/95 22968 299 05 1.00 9416785 Ruckersville $19,000.
41 2/29/96 18.00 03 286 1 $157,000.


CA 11.5 2 106910000416825 23533 Highland  91 $58,316.69 8/7/20 90 $130000
9/7/95 95366 299 05 3.25 9416825 Ripon $72,500.
44 12/7/95 18.00 06 286 1 $225,000.

CO 11. 2 208910000416827 1321 East 17th  91 $19,782.25 7/25/20 86 $63350
8/25/95 80013 299 01 2.75 9416827 Denver $20,000.
39 11/30/95 18.00 03 285 1 $98,000.


CA 11. 2 106910000416896 1810 Putney Road 91 $114,625.57 7/25/20 90 $481250
8/25/95 91103 299 05 2.75 9416896 Pasadena $116,700.
43 2/25/96 18.00 06 285 1 $665,000.

NJ 8.75 2 134910000416991 232 Brook Valley  91 $18,961.47 8/25/20 80 $191060
8/25/95 07082 300 05 0.50 9416991 Montville $20,000.
37 11/25/95 18.00 06 286 1 $265,000.


WA 11. 2 153910000416997 822 Amy Court 91 $29,809.72 7/28/20 90 $192000
8/28/95 98802 299 05 2.75 9416997 East Wenatchee $31,000.
23 2/28/96 18.00 06 285 1 $248,000.







<PAGE>
CA 11. 2 106910000417019 2857 Penasco 91 $15,534.14 7/14/20 90 $171500
8/14/95 92673 299 03 2.75 9417019 San Clemente $30,000.
39 11/14/95 18.00 01 285 1 $225,000.

HI 11. 2 115910000417075 7422 Kamehame  91 $33,877.58 8/25/20 86 $268222
8/25/95 96825 300 05 2.75 9417075 Honolulu $35,000.
40 11/25/95 18.00 01 286 1 $355,000.


CA 8.5 2 106910000417145 2447 Golf Links  91 $34,319.9 8/13/20 78 $195000
9/13/95 95050 299 09 0.25 9417145 Santa Clara $35,000.
20 3/13/96 18.00 00 286 1 $295,000.

GA 9.25 2 113910000417194 4158 Volley Lane 91 $27,000. 7/16/20 72 $60000
8/16/95 30092 299 05 1.00 9417194 Norcross $100,000.
32 11/16/95 18.00 01 285 1 $225,000.


CA 9.25 2 106910000417257 672 Savoy Court 91 $5,504.85 9/12/20 80 $149805
9/12/95 94598 300 03 1.00 9417257 Walnut Creek $10,000.
34 12/12/95 18.00 06 287 1 $200,000.

ID 11. 2 116910000417462 604 Elm Street 91 $37,114.11 8/8/20 89 $61495
9/8/95 83530 299 05 2.75 9417462 Grangeville $37,500.
40 3/8/96 18.00 01 286 1 $111,650.


OR 10. 2 241910000417527 99211 Blackberry  91 $99,755.81 9/7/10 70 $71641
9/7/95 97415 180 05 1.75 9417527 Brookings $103,000.
43 12/7/95 18.00 02 167 1 $249,500.

NJ 8.75 2 134910000417713 23 Lismore Drive 91 $10,761.78 8/19/20 73 $50000
9/19/95 08757 299 03 0.50 9417713 Toms River $20,000.
39 12/19/95 18.00 06 286 1 $96,500.


CA 10.5 2 116910000417801 325 Coronado  91 $14,486.16 9/8/20 84 $125250
9/8/95 94952 300 05 2.25 9417801 Petaluma $15,000.
44 12/8/95 18.00 06 287 1 $167,000.

CO 11. 2 208910000417840 11290  91 $7,567.39 9/20/20 90 $184000
9/20/95 80134 300 03 2.75 9417840 Parker $23,000.
40 12/20/95 18.00 06 287 1 $230,000.



<PAGE>
MA 9.25 2 225910000417848 20 Volunteer  91 $7,000. 8/26/20 63 $92503
9/26/95 02043 299 05 1.00 9417848 Hingham $75,000.
27 12/26/95 18.00 06 286 1 $268,000.






CA 9.25 2 106910000417856 180 San Felipe  91 $19,033.11 8/22/20 80 $203150
9/22/95 94080 299 05 1.00 9417856 South San  $28,850.
32 12/22/95 18.00 01 286 1 $290,000.

CA 9.25 2 106910000417871 4257 Noeline  91 $68,873.35 8/28/10 69 $294392
9/28/95 91436 179 05 1.00 9417871 Encino $125,000.
22 12/28/95 18.00 06 166 1 $615,000.


CA 11. 2 106910000417878 175 Herlong  91 $18,912.66 7/30/20 82 $152822
8/30/95 95123 299 05 2.75 9417878 San Jose $30,000.
40 11/30/95 18.00 06 286 1 $223,000.

NJ 8.75 2 134910000417947 28 Freeman Street 91 $6,322.24 9/28/20 60 $105000
9/28/95 07068 300 05 0.50 9417947 Roseland $25,000.
34 12/28/95 18.00 06 287 1 $217,300.


OR 8.75 2 141910000417991 2610 S.w.  91 $4,562.12 8/26/20 80 $115000
9/26/95 97378 299 05 0.50 9417991 Sheidan $33,000.
43 12/26/95 18.00 00 286 1 $185,000.

FL 9.25 2 112910000418008 10212 Brookville  91 $9,296.16 9/1/20 79 $90000
8/18/95 33428 300 03 1.00 9418008 Boca Raton $30,000.
38 11/21/95 18.00 00 287 1 $152,000.


CO 9.25 2 208910000418099 4046 Sunshine  91 $16,499.64 9/13/20 80 $255000
10/13/95 80302 299 05 1.00 9418099 Boulder $64,600.
47 1/31/96 18.00 06 287 1 $400,000.

CA 12. 2 106910000418359 603 Walden DR 81 $199,841.09 3/14/21 80 $1800000
3/14/96 90210 300 05 3.75 9418359 Beverly Hills $200,000.
31 0 18.00 01 293 1 $2,500,000.



<PAGE>
CA 12. 2 106930000418363 3918 Sunsetridge  91 $41,388.66 12/8/10 95 $221100
1/8/96 93021 179 03 3.75 9418363 Moorpark $41,400.
44 2/29/96 18.00 00 170 1 $276,500.

CA 10.5 2 106910000418435 20741 Catamaran  91 $17,433. 8/26/20 90 $178300
9/26/95 92646 299 02 2.25 9418435 Huntington Beach $24,000.
45 12/26/95 18.00 01 286 1 $225,000.


CO 11. 2 208910000418463 1153 Harper Lake  91 $45,991.03 8/11/20 89 $240000
9/11/95 80027 299 03 2.75 9418463 Louisville $47,500.
50 11/30/95 18.00 01 286 1 $325,000.






CA 11. 2 106910000418479 68 Milano Court 91 $7,708.74 8/13/20 82 $297000
9/13/95 94596 299 03 2.75 9418479 Danville $50,000.
50 3/13/96 18.00 06 286 1 $425,000.

CA 11.5 2 106910000418501 594 Clipper Street 91 $36,425.57 9/12/20 90 $292000
10/12/95 94114 299 05 3.25 9418501 San Francisco $36,500.
38 11/30/95 18.00 01 287 1 $365,000.


GA 9.25 2 113910000418716 1886 Greystone  91 $5,733.26 8/23/10 78 $140000
8/24/95 30318 179 05 1.00 9418716 Atlanta $30,000.
12 11/24/95 18.00 06 166 1 $219,000.

PA 10.25 2 142910000418737 2105 Pleasant  91 $4,485.55 10/9/10 90 $127343
10/3/95 19038 180 05 2.00 9418737 Glenside $21,000.
28 1/9/96 18.00 06 168 1 $165,000.


GA 9.75 2 113910000418770 640 Winnmark  91 $10,668.3 8/29/20 63 $330000
8/30/95 30076 299 03 1.50 9418770 Roswell $58,000.
50 11/30/95 18.00 00 286 1 $625,000.

MA 11. 2 225910000418815 9 Somerset  91 $3,036.21 9/1/20 88 $112500
9/29/95 01915 299 05 2.75 9418815 Beverly $20,000.
34 12/29/95 18.00 06 287 1 $152,000.



<PAGE>
RI 9.25 1 149910000419003 65 Lonsdale Street 91 $40,150.54 8/22/10 20 $0
9/22/95 02893 179 05 1.00 9419003 W. Warwick $40,900.
47 12/22/95 18.00 06 166 1 $213,000.

FL 8.5 2 112910000419047 8619 Vivian Bass  91 $14,674.13 8/25/20 73 $250000
9/25/95 33556 299 05 0.25 9419047 Odessa $25,000.
17 12/25/95 18.00 00 286 1 $380,000.


FL 10.25 2 112910000419048 16002 Hampton  91 $7,628.51 9/6/20 90 $121200
10/6/95 33618 299 05 2.00 9419048 Tampa $15,150.
26 1/6/96 18.00 00 287 1 $152,000.

MA 9. 1 225910000419116 174 Malinda  91 $45,986.9 9/11/20 49 $0
10/11/95 02351 299 05 0.75 9419116 Abington $100,000.
27 1/11/96 18.00 06 287 1 $206,000.


CA 8.75 2 106910000419323 4248 Cabernet  91 $27,279.99 9/20/20 80 $197000
9/20/95 94566 300 05 0.50 9419323 Pleasanton $37,600.
41 12/20/95 18.00 06 287 1 $294,000.






GA 9.25 2 113910000419472 225 Thompson  91 $9,235.57 10/2/20 80 $110000
10/3/95 30201 299 05 1.00 9419472 Alpharetta $62,000.
32 1/3/96 18.00 00 288 1 $215,000.

CA 10.5 2 106920000419488 24 Montecito Blvd 92 $11,104.49 9/6/20 87 $160000
10/6/95 94558 299 05 2.25 9419488 Napa $50,000.
30 4/6/96 18.00 06 287 1 $242,000.


CA 11. 2 106920000419539 211 Wawona  92 $8,088.93 9/6/20 90 $352500
10/6/95 94127 299 05 2.75 9419539 San Francisco $70,000.
45 4/6/96 18.00 06 287 1 $470,000.

GA 11. 2 113920000419568 3624 Edenbourgh  92 $7,244.42 9/18/20 89 $153000
10/18/95 30066 299 05 2.75 9419568 Marietta $28,500.
39 1/18/96 18.00 06 287 1 $205,000.



<PAGE>
CA 11. 2 106910000419583 1788 Rock Spring  91 $28,775.75 8/23/20 90 $203150
9/23/95 91320 299 03 2.75 9419583 Thousand Oaks $43,900.
40 3/23/96 18.00 06 286 1 $275,000.

CA 11.5 2 106920000419585 940 Wren Avenue 92 $41,261.13 10/19/20 90 $340000
10/19/95 95051 300 05 3.25 9419585 Santa Clara $42,500.
48 1/19/96 18.00 00 288 1 $425,000.


DC 11.5 2 111920000419627 6376 31st Place  92 $33,500. 8/27/20 90 $268000
9/27/95 20015 299 05 3.25 9419627 Washington $33,500.
33 9/27/95 18.00 06 286 1 $335,000.

CA 11. 2 106920000419675 2039 Broderick  92 $81,500.88 8/26/20 90 $664000
9/26/95 94115 299 05 2.75 9419675 San Francisco $83,000.
36 12/26/95 18.00 00 286 1 $830,000.


CA 9.75 2 106910000419678 45042 Cougar  91 $18,697.22 10/26/20 77 $303750
10/26/95 94539 300 03 1.50 9419678 Fremont $20,000.
50 1/26/96 18.00 06 288 1 $425,500.

FL 9.25 2 112910000419703 10767 153rd  91 $51,792.79 9/29/20 75 $101436
9/29/95 33478 300 05 1.00 9419703 Jupiter $52,000.
42 12/29/95 18.00 06 287 1 $207,000.


CO 8.75 2 208910000419740 5543 Golf Course  91 $12,942.98 8/22/20 74 $145000
9/22/95 80465 299 03 0.50 9419740 Morrison $40,000.
40 12/30/95 18.00 01 286 1 $251,000.






FL 11. 2 112920000419741 2821 Coacoochee  92 $38,282.91 9/4/20 90 $312000
10/4/95 33133 299 05 2.75 9419741 Miami $39,000.
38 1/4/96 18.00 03 287 1 $390,000.

OR 10.5 2 141910000419794 213 Gangnes  91 $17,971.43 8/26/20 90 $60376
9/26/95 97540 299 05 2.25 9419794 Talent $18,700.
32 3/26/96 18.00 06 286 1 $88,000.



<PAGE>
CA 11. 2 106920000419812 5232 Calle  92 $27,266.95 8/15/20 90 $228000
9/15/95 93111 299 05 2.75 9419812 Santa Barbara $28,500.
43 3/15/96 18.00 00 286 1 $285,000.

CA 9.25 2 106910000419849 16075 Donner  91 $26,303.27 9/20/10 80 $68854
10/20/95 96161 179 05 1.00 9419849 Truckee $39,100.
26 4/20/96 18.00 06 167 1 $135,000.


CO 10.5 2 208910000419886 3663 East Geddes  91 $18,182.75 9/27/20 90 $147200
9/27/95 80122 300 03 2.25 9419886 Littleton $18,400.
31 12/30/95 18.00 00 287 1 $185,000.

NJ 10.25 2 134920000419908 4 Candelight Road 92 $8,492. 10/20/20 88 $350210
10/20/95 07446 300 05 2.00 9419908 Ramsey $45,000.
29 1/20/96 18.00 06 288 1 $450,000.


CA 11. 2 106920000419920 2607 Graceland  92 $71,191.25 9/12/20 90 $491750
10/12/95 94070 299 05 2.75 9419920 San Carlos $100,000.
37 4/12/96 18.00 00 287 1 $657,500.

CA 11.5 2 106920000419955 22 Birkdale Way 91 $14,921.1 12/5/20 90 $287920
1/5/96 92679 299 03 3.25 9419955 Coto De Caza  $35,900.
26 4/5/96 18.00 06 290 1 $359,900.


CA 11.5 2 106930000419957 5171 Dartmouth  91 $12,655.66 12/20/10 94 $203150
12/20/95 92683 180 05 3.25 9419957 Westminster $12,800.
45 1/20/96 18.00 03 170 1 $230,000.

GA 10.25 2 113920000420030 7395 Crompton  92 $24,955.15 9/20/20 89 $314016
10/20/95 30350 299 05 2.00 9420030 Dunwoody $40,000.
25 4/20/96 18.00 06 287 1 $400,000.


CA 11. 2 106920000420171 112 Elva Drive 91 $48,174.35 9/5/20 90 $280000
10/5/95 95003 299 05 2.75 9420171 Aptos $48,500.
48 4/5/96 18.00 06 287 1 $365,000.







<PAGE>
CA 10.25 2 106920000420210 60 Alamo Avenue 92 $4,112.13 9/21/20 90 $228800
10/21/95 94708 299 05 2.00 9420210 Berkeley $26,000.
30 1/21/96 18.00 06 287 1 $286,000.

OR 8.5 2 141910000420275 18181 Se Richey  91 $33,733.19 10/7/20 80 $128198
11/7/95 97236 299 05 0.25 9420275 Portland $35,000.
24 2/7/96 18.00 06 288 1 $205,000.


CA 10.5 2 106920000420292 300 Hawthorne  92 $4,271.21 9/25/20 88 $97500
10/25/95 95376 299 05 2.25 9420292 Tracy $19,500.
41 1/25/96 18.00 00 287 1 $133,000.

VA 9.25 2 151910000420649 2604 Hannah  91 $37,419.19 10/24/20 80 $740000
10/24/95 22124 300 05 1.00 9420649 Oakton $60,000.
44 1/24/96 18.00 03 288 1 $1,000,000.


CT 11.5 2 209910000420992 320 Strawberr  91 $14,657.97 10/1/10 65 $160000
11/1/95 06902 179 01 3.25 9420992 Stamford $50,000.
35 2/1/96 18.00 01 168 1 $325,000.

CA 7.25 2 106920000421350 327 Catalina  91 $67,700.26 9/6/20 90 $400000
10/6/95 92663 299 05 2.75 9421350 Newport Beach $70,000.
50 1/6/96 18.00 06 287 1 $525,000.


CA 10.5 2 106910000421355 1105 Emerald  91 $27,803.05 10/20/20 90 $226000
11/20/95 94404 299 01 2.25 9421355 Foster City $28,500.
35 2/20/96 18.00 00 288 1 $285,000.

CA 11.5 2 106920000421542 913 Helsam  92 $23,167.96 9/10/20 89 $114657
10/10/95 93030 299 05 3.25 9421542 Oxnard Area $23,250.
49 1/10/96 18.00 06 287 1 $155,000.


CA 12. 2 106930000421613 2375 Holly Oak  91 $99,855.2 12/5/10 93 $462000
1/5/96 94506 179 03 3.75 9421613 Danville $100,000.
49 7/5/96 18.00 02 170 1 $610,000.

CA 8.75 2 106910000421673 638 Shetland  91 $17,811.92 9/13/20 79 $300000
10/13/95 95035 299 05 0.50 9421673 Milpitas $30,000.
23 4/13/96 18.00 01 287 1 $418,000.



<PAGE>
OR 11. 2 141920000421681 30680 Southeast  92 $5,100.91 9/16/20 90 $138000
10/16/95 97009 299 05 2.75 9421681 Boring $27,600.
30 1/16/96 18.00 06 287 1 $184,000.






NY 10.5 2 236920000421850 7a Bush Lane 91 $34,701.47 11/18/20 87 $198750
12/18/95 10977 299 05 2.25 9421850 Spring Valley $35,000.
44 3/18/96 18.00 03 289 1 $270,000.

CA 9.25 2 106910000421897 17172 Northfield  91 $9,720.52 10/15/20 80 $161400
11/15/95 92647 299 05 1.00 9421897 Huntington Beach $67,000.
39 2/15/96 18.00 06 288 1 $288,000.


GA 9.25 2 113910000421899 1220 Buice Road 91 $14,930.12 9/30/20 65 $114000
10/31/95 30247 299 05 1.00 9421899 Lilburn $27,000.
45 1/31/96 18.00 00 288 1 $218,900.

UT 10.5 2 149910000421944 630 East  91 $13,133.9 11/9/20 90 $300000
11/9/95 84032 300 05 2.25 9421944 Heber City $42,000.
38 2/9/96 18.00 06 289 1 $380,000.


PA 9.25 2 142910000422017 44 Deep Dale  91 $6,159.98 12/1/20 80 $67350
11/7/95 19056 300 05 1.00 9422017 Levittown $29,450.
26 2/13/96 18.00 06 290 1 $121,000.

CA 9.25 2 106910000422048 1004 Glen Eagle  81 $49,342.7 3/12/21 80 $350000
3/12/96 94952 300 03 1.00 9422048 Petaluma $50,000.
45 6/12/96 18.00 01 293 1 $500,000.


CA 8.75 2 106910000422071 20361 Kilbride  91 $43,479.26 10/3/20 46 $275000
10/3/95 95070 300 05 0.50 9422071 Saratoga $100,000.
45 1/3/96 18.00 06 288 1 $830,000.

CA 11. 2 106920000422090 2331 Humphrey  92 $19,901.6 10/31/20 90 $105000
10/31/95 94804 300 05 2.75 9422090 Richmond $20,000.
33 1/31/96 18.00 06 289 1 $140,000.



<PAGE>
CA 8.75 2 106910000422093 366 San Carlos  91 $21,413.13 11/14/20 71 $421000
11/14/95 94611 300 05 0.50 9422093 Piedmont $25,000.
39 2/14/96 18.00 06 289 1 $630,000.

CA 12. 2 106930000422167 21032 Ashley  91 $11,963.36 10/2/20 99 $275462
11/2/95 92630 299 03 3.25 9422167 Lake Forest $35,000.
45 12/31/95 18.00 06 288 1 $315,000.


CA 12.5 2 106930000422172 14868 Pueblo  91 $21,135.39 12/27/20 95 $127679
12/27/95 95336 300 05 4.25 9422172 Manteca $21,400.
46 3/27/96 18.00 02 290 1 $157,000.






CA 12.38 2 106930000422176 7 Willotta Drive 91 $35,400. 9/26/10 95 $189200
10/26/95 94585 179 05 3.63 9422176 Suisun $35,400.
43 11/30/95 18.00 00 167 1 $236,500.

FL 11. 2 112920000422221 11190 Nw 40  92 $12,873.13 11/1/20 90 $104000
10/25/95 33065 300 05 2.75 9422221 Coral Springs $13,000.
35 1/25/96 18.00 02 289 1 $130,000.


CA 12.25 2 206930000422248 302 Sweetwood  91 $26,777.93 10/5/10 100 $137900
12/5/95 92114 178 05 4.00 9422248 San Diego $27,000.
45 1/31/96 18.00 02 168 1 $165,000.

CA 8.75 2 106910000422254 2119 Camino  91 $9,068.69 10/9/20 80 $200000
11/9/95 94566 299 05 0.50 9422254 Pleasanton $36,000.
41 2/9/96 18.00 06 288 1 $298,000.


CA 10.5 2 106920000422265 2844 Welk  92 $5,755.97 10/17/20 90 $157300
11/17/95 94555 299 03 2.25 9422265 Fremont $49,000.
35 2/17/96 18.00 06 288 1 $230,000.

CA 9.25 2 206910000422281 6435 Kenneth  91 $24,865. 11/20/20 59 $261131
11/20/95 95662 300 05 1.00 9422281 Orangevale $25,000.
51 2/29/96 18.00 01 289 1 $485,000.



<PAGE>
CA 12. 2 106930000422282 12 Salvador Way 91 $61,139.86 11/18/10 95 $332000
12/18/95 94903 179 05 3.75 9422282 San Rafael $62,200.
35 1/31/96 18.00 00 169 1 $415,000.

CA 12.25 2 206930000422310 11314 Calle  91 $26,002.1 11/1/10 99 $124900
12/1/95 92126 179 05 4.00 9422310 San Diego $26,200.
43 1/31/96 18.00 06 169 1 $153,000.


AZ 10.5 2 104920000422314 626 W. Calle  92 $26,194.03 10/8/20 90 $44200
11/8/95 85706 299 05 2.25 9422314 Tucson $26,900.
45 2/8/96 18.00 06 288 1 $79,000.

GA 11. 2 113920000422330 1085 Crabapple  92 $22,397.18 10/29/10 90 $112700
10/30/95 30076 179 03 2.75 9422330 Roswell $22,550.
31 1/30/96 18.00 00 168 1 $150,325.


FL 8.5 2 112910000422338 707 Se 16th Court 91 $8,535.17 10/29/20 79 $62280
11/29/95 33316 299 05 0.25 9422338 Fort Lauderdale $20,000.
20 2/28/96 18.00 03 288 1 $105,000.






ID 12.38 2 116930000422351 1533 N. Tokay  91 $20,532.82 9/10/10 95 $111000
10/10/95 83642 179 05 3.63 9422351 Merridian $21,000.
45 11/30/95 18.00 06 167 1 $139,000.

CA 8.75 2 106910000422352 3588 Amber  91 $28,978.86 9/10/20 72 $203150
10/10/95 95117 299 05 0.50 9422352 San Jose $50,000.
18 4/10/96 18.00 03 287 1 $355,000.


CA 12. 2 206930000422398 386 Cerro St 92 $22,252.71 10/30/10 100 $211300
11/30/95 92024 179 05 3.75 9422398 Encinitas $23,700.
17 12/31/95 18.00 06 169 1 $235,000.

CA 12.25 2 206930000422405 6783 Mezin Way 92 $26,434.62 11/6/10 100 $143000
12/6/95 92114 179 05 4.00 9422405 San Diego $27,000.
45 1/6/96 18.00 06 169 1 $170,000.



<PAGE>
CA 11. 2 106930000422414 28946 North  93 $34,896.69 10/17/20 82 $203150
11/17/95 91350 299 05 2.75 9422414 Saugus Area $36,000.
44 2/17/96 18.00 01 288 1 $295,000.

CO 10.5 2 208920000422437 101 Grandview  92 $5,476.2 10/1/20 90 $146150
11/22/95 80542 298 03 2.25 9422437 Mead $17,900.
39 2/22/96 18.00 06 288 1 $182,350.81


CA 12.25 2 206930000422442 3996 Hatton Street 91 $24,292.58 10/30/10 98 $133350
11/30/95 92111 179 05 4.00 9422442 San Diego $24,300.
38 1/15/96 18.00 06 169 1 $162,000.

UT 11.25 2 149930000422473 11812 South  90 $14,557.46 8/13/10 92 $78343
9/13/95 84065 179 05 3.00 9422473 Riverton $15,450.
41 10/31/95 18.00 06 166 1 $103,000.


CA 13.75 2 106930000422477 2845 Baxter 90 $49,590.73 8/15/10 96 $257500
9/15/95 92680 179 03 5.50 9422477 Tustin $50,000.
38 10/31/95 18.00 06 166 1 $323,000.

OR 13.75 2 141930000422478 3730 Southeast  90 $18,432.78 9/16/10 100 $71500
10/16/95 97236 179 05 5.50 9422478 Portland $18,500.
31 11/30/95 18.00 06 167 1 $90,000.


MA 10.5 2 225920000422497 109 River St 91 $4,833.22 12/7/20 90 $112000
12/7/95 02139 300 01 2.25 9422497 Cambridge $14,900.
32 3/7/96 18.00 06 290 1 $141,000.






CA 10.75 2 206910000422511 13893 Pinkard  81 $14,677.2 11/6/10 68 $76768
12/6/95 92021 179 01 2.50 9422511 El Cajon $15,000.
37 3/6/96 18.00 06 169 1 $136,000.

CA 12. 2 106930000422542 408 Redrock Way 91 $40,954.77 11/5/10 96 $192628
12/5/95 94954 179 05 3.75 9422542 Petaluma $41,000.
49 3/5/96 18.00 06 169 1 $245,000.



<PAGE>
WA 12.5 2 153930000422544 2011 211th Pl Sw 91 $14,728.87 11/1/10 94 $97848
12/1/95 98036 179 05 4.25 9422544 Lynnwood $15,000.
49 3/2/96 18.00 03 169 1 $121,000.

CA 11.5 2 106920000422553 490 Amigo Road 90 $201,665.39 9/19/10 90 $203000
9/19/95 95073 180 05 3.25 9422553 Soquel $202,000.
46 10/31/95 18.00 02 167 1 $450,000.


CA 13.75 2 106930000422557 4610 Yoloy Way 90 $44,592.38 8/15/10 100 $142500
9/15/95 95628 179 05 5.50 9422557 Fair Oaks $47,000.
36 10/31/95 18.00 02 166 1 $190,000.

CA 11.5 1 106930000422558 770 East  95 $217,319.52 8/15/10 72 $0
9/15/95 90631 179 05 3.25 9422558 La Habra Heights $250,000.
27 10/31/95 18.00 03 166 1 $350,000.


CA 13.75 2 106930000422560 4821 Flying C  90 $29,932.24 8/15/10 92 $218717
9/15/95 95682 179 05 5.50 9422560 Cameron Park $30,000.
43 10/31/95 18.00 02 166 1 $273,000.

CA 10.5 2 106920000422631 4514 Calle De  92 $29,670.15 11/21/20 87 $195000
11/21/95 92124 300 05 2.25 9422631 San Diego $30,000.
45 2/21/96 18.00 02 289 1 $260,000.


NJ 9.25 2 134910000422694 38 Kenwood  91 $4,534.17 11/22/20 76 $126578
11/22/95 07044 300 05 1.00 9422694 Verona $30,000.
50 2/22/96 18.00 06 289 1 $208,000.

FL 12.5 2 212930000422747 804 Eagle Claw  92 $49,353.79 1/1/10 100 $128187
12/5/95 32746 168 05 4.25 9422747 Lake Mary $59,300.
48 1/5/96 18.00 03 159 1 $187,500.


CA 12. 2 106930000422750 1940 William  91 $18,242.86 11/11/20 95 $119000
12/11/95 94520 299 05 3.75 9422750 Concord $18,600.
42 3/12/96 18.00 03 289 1 $145,000.







<PAGE>
CA 11.5 2 106920000422768 1180 Essex Lane 92 $97,946.13 11/15/20 85 $306961
11/15/95 94404 300 03 3.25 9422768 Foster City $100,000.
50 2/15/96 18.00 06 289 1 $480,000.

FL 12. 2 212930000422794 5893 Untermeyer 91 $28,154.02 10/17/10 96 $62909
11/17/95 33903 179 05 3.75 9422794 N Fort Meyers $28,250.
28 12/31/95 18.00 06 168 1 $95,000.


MA 10.25 2 225920000422823 19 Hutchins Circle 91 $11,713.6 11/15/20 88 $187200
12/15/95 01940 299 05 2.00 9422823 Lynnfield $23,400.
27 3/15/96 18.00 00 289 1 $240,000.

CA 11.5 2 106910000422841 6231 Running  91 $35,013.04 10/27/20 90 $288550
11/27/95 95135 299 05 3.25 9422841 San Jose $35,650.
36 5/27/96 18.00 00 288 1 $361,307.


GA 9.25 2 113910000422858 4920 Woolton  91 $4,140.63 11/14/20 51 $80000
11/15/95 30174 299 03 1.00 9422858 Suwanee $20,000.
41 2/15/96 18.00 00 289 1 $199,300.

CA 10.5 2 106920000423018 28 San Rossano  91 $33,150. 11/7/20 90 $165750
12/7/95 93117 299 05 2.25 9423018 Goleta $33,150.
42 3/7/96 18.00 01 289 1 $223,000.


CA 7.25 2 106930000423046 1555 North  91 $44,358.64 12/1/10 95 $172500
12/1/95 91786 180 05 3.75 9423046 Upland $46,000.
41 12/31/95 18.00 02 170 1 $230,000.

CA 9.75 2 106910000423047 1760 Merritt Road 91 $19,199.32 10/15/20 80 $203150
11/15/95 95453 299 05 1.50 9423047 Lakeport $52,800.
47 2/15/96 18.00 00 288 1 $320,000.


GA 10.25 2 113910000423065 65 Hampshire  91 $9,879.66 11/7/20 90 $51750
12/7/95 30002 299 01 2.00 9423065 Avondale $10,000.
24 3/7/96 18.00 00 289 1 $69,000.

CA 10.75 2 106920000423093 753 North Hill  92 $4,000. 10/27/10 88 $279471
11/27/95 91104 179 05 2.50 9423093 Pasadena $36,000.
26 5/27/96 18.00 06 168 1 $360,000.



<PAGE>
CA 12.25 2 206930000423115 6264 Amber Lake  92 $28,730.93 11/14/10 100 $137813
12/14/95 92119 179 05 4.00 9423115 San Diego $29,100.
36 1/31/96 18.00 06 169 1 $167,000.






CA 12.75 2 106930000423123 3115 Terra Linda  91 $66,641.86 12/28/20 95 $264973
12/28/95 95404 300 05 4.50 9423123 Santa Rosa $67,500.
47 3/28/96 18.00 01 290 1 $350,000.

CA 12. 2 106930000423126 4051 Brown  91 $32,856.74 12/4/10 94 $135000
12/4/95 94619 180 05 3.75 9423126 Oakland $33,500.
43 3/4/96 18.00 01 170 1 $180,000.


GA 8.75 2 213920000423179 3365 Winter  92 $8,478.12 10/30/20 80 $84000
11/30/95 30062 299 05 0.50 9423179 Marietta $15,000.
29 12/30/95 18.00 01 289 1 $124,000.

CA 11.5 2 106930000423184 408 Sugar Maple  92 $33,802.55 12/4/10 100 $135900
12/4/95 95492 180 05 3.25 9423184 Windsor $33,900.
43 1/4/96 18.00 06 170 1 $169,900.


MD 11. 2 124920000423189 2909 Powder Mill  92 $6,260.17 11/24/20 82 $109000
11/24/95 20783 300 05 2.75 9423189 Adelphi $10,000.
30 2/24/96 18.00 06 289 1 $145,500.

CA 12.25 2 206930000423192 10065 Northup  91 $24,450.58 11/13/10 95 $131200
12/13/95 92126 179 05 4.00 9423192 San Diego $24,600.
43 1/31/96 18.00 06 169 1 $164,000.


CA 12. 2 106910000423200 6837 Celia Vista  91 $31,813.46 12/4/10 95 $112108
12/4/95 92115 180 05 3.75 9423200 San Diego $35,100.
41 3/4/96 18.00 06 170 1 $155,000.

NJ 11. 2 134920000423216 100 Randall Road 92 $10,000. 11/12/20 85 $184300
12/12/95 08540 299 05 2.75 9423216 Princeton $68,800.
45 1/31/96 18.00 01 289 1 $300,000.



<PAGE>
CA 11.5 2 206930000423279 3963 Coldwell  91 $28,321.98 11/13/20 95 $111000
12/13/95 92154 299 05 3.25 9423279 San Diego $28,900.
43 3/13/96 18.00 02 289 1 $148,000.

CA 11. 2 106910000423292 2065 Wooded  91 $29,216.92 11/8/20 90 $438750
11/8/95 94024 300 05 2.75 9423292 Los Altos $87,300.
34 2/8/96 18.00 00 289 1 $584,500.


CA 12. 2 106930000423308 636 West 10th  91 $39,482.2 11/5/10 95 $212000
12/5/95 90731 179 05 3.75 9423308 Los Angeles $39,700.
44 1/31/96 18.00 01 169 1 $265,000.






CA 12. 2 106930000423338 1434 North Paseo  91 $33,615.42 11/1/10 91 $180000
12/1/95 91773 179 05 3.75 9423338 San Dimas $33,750.
40 1/31/96 18.00 00 169 1 $235,000.

CA 12.25 2 206930000423349 4522 Falconridge  92 $92,023.53 11/15/10 100 $368000
12/15/95 92130 179 05 4.00 9423349 San Diego $92,000.
23 2/1/96 18.00 06 169 1 $460,000.


CA 11. 2 106910000423360 6800 Wild Horse  91 $12,472.33 11/9/10 89 $177600
11/9/95 95662 180 05 2.75 9423360 Orangevale $20,000.
49 2/9/96 18.00 06 169 1 $222,000.

MO 11.5 2 229930000423365 5911 Hartford 92 $10,514.41 12/15/10 100 $51657
12/15/95 63139 180 05 3.25 9423365 St Louis $10,800.
45 1/31/96 18.00 06 170 1 $62,500.


UT 11.75 2 149930000423370 380 West Center 91 $16,424.78 11/14/20 95 $39915
12/14/95 84634 299 05 3.50 9423370 Gunnison $17,000.
27 3/14/96 18.00 03 289 1 $60,000.

CA 11.5 2 106910000423394 419 Via Linda  91 $32,947.05 11/6/20 91 $398400
12/6/95 90277 299 05 3.25 9423394 Redondo Beach $34,000.
40 6/6/96 18.00 06 289 1 $480,000.



<PAGE>
CA 11. 2 106920000423414 5893 E Silaxo 92 $87,768.52 11/15/20 90 $203000
12/15/95 93611 299 05 2.75 9423414 Clovis $94,000.
36 1/31/96 18.00 01 289 1 $330,000.

CA 8.75 2 106910000423418 5874 Picardy  91 $5,178.3 11/14/20 75 $110000
11/14/95 94605 300 05 0.50 9423418 Oakland $17,500.
33 2/14/96 18.00 02 289 1 $170,000.


GA 11. 2 113920000423435 2427 Castle Falls  91 $32,544.89 11/1/20 90 $261450
11/2/95 30155 299 05 2.75 9423435 Duluth $32,650.
29 2/2/96 18.00 00 289 1 $326,818.

WA 12. 2 153930000423442 7566 Roosevelt  91 $16,690.3 11/8/10 95 $134500
12/8/95 98115 179 05 3.75 9423442 Seattle $17,000.
43 3/8/96 18.00 02 169 1 $160,000.


CA 11. 2 106920000423451 1507 South Blue  91 $47,171.72 11/12/20 88 $112821
12/12/95 91748 299 05 2.75 9423451 Rowland Heights $48,600.
33 3/12/96 18.00 02 289 1 $185,000.






IL 12.5 2 217930000423477 1 E Schiller 91 $44,782.51 11/18/10 98 $180000
12/18/95 60610 179 06 4.25 9423477 Chicago $45,000.
41 1/31/96 18.00 06 169 1 $230,000.

CA 11.5 2 106920000423478 898 Myrtle Street 92 $55,794.18 10/22/20 90 $132864
11/22/95 95126 299 05 3.25 9423478 San Jose $74,000.
50 2/22/96 18.00 06 288 1 $230,000.


WA 12.5 2 153930000423514 2300 South 288th  91 $19,588.3 11/18/20 91 $79465
12/18/95 98003 299 05 4.25 9423514 Federal Way $20,000.
49 3/18/96 18.00 03 289 1 $110,000.

AZ 12.5 2 104930000423573 340 South Vista  91 $34,897.61 12/4/10 93 $96088
12/4/95 85390 180 05 4.25 9423573 Wickenburg $34,900.
50 1/31/96 18.00 06 170 1 $141,500.



<PAGE>
CA 12. 2 106930000423579 676 Palisades  91 $81,055.48 12/11/20 95 $436000
12/11/95 90272 300 01 3.75 9423579 Los Angeles $81,750.
31 3/11/96 18.00 00 290 1 $545,000.

CO 10.5 2 208920000423605 3774 Davidson  91 $7,571.35 11/22/20 90 $154000
12/22/95 80303 299 05 2.25 9423605 Boulder $25,000.
38 3/22/96 18.00 06 289 1 $200,000.


CA 12. 2 106930000423610 13042 Pomard  91 $48,054.88 11/14/10 95 $188827
12/14/95 92064 179 03 3.75 9423610 Poway $48,650.
43 3/14/96 18.00 06 169 1 $250,000.

CA 12. 2 106930000423636 59 Eldridge  91 $22,861.53 11/6/10 94 $356400
12/6/95 94941 179 05 3.75 9423636 Mill Valley $25,000.
45 6/6/96 18.00 02 169 1 $410,000.


WA 11.75 2 153930000423641 15 J Street  91 $9,729.52 11/6/10 91 $76000
12/6/95 98002 179 05 3.50 9423641 Auburn $10,000.
18 6/6/96 18.00 01 169 1 $95,000.

CA 11.5 2 106930000423657 6561 Egglestone  92 $33,354.43 12/1/10 100 $256500
12/1/95 91739 180 05 3.25 9423657 Rancho  $33,500.
37 12/31/95 18.00 03 170 1 $290,000.


CA 11.5 2 106930000423659 631 North  92 $30,925.28 12/7/10 100 $184882
12/7/95 91773 180 05 3.25 9423659 San Dimas $31,000.
39 12/31/95 18.00 02 170 1 $216,000.






CA 10.5 2 106920000423666 9561 Woodlawn  92 $21,055.71 10/30/20 90 $177200
11/30/95 92646 299 05 2.25 9423666 Huntington Beach $28,000.
34 3/1/96 18.00 01 289 1 $229,000.

CT 12. 2 209920000423678 135 Smith Road 91 $14,822.6 12/1/20 84 $105000
1/9/96 06423 298 05 3.75 9423678 East Haddam $15,000.
41 4/30/96 18.00 03 290 1 $144,000.



<PAGE>
CA 10.5 2 106920000423712 7766 Thrush  91 $20,436.28 12/7/20 90 $99000
12/7/95 95610 300 05 2.25 9423712 Citrus Heights $20,700.
42 3/7/96 18.00 06 290 1 $133,000.

ID 12. 2 116930000423717 9075  91 $19,290.31 11/11/10 95 $93931
12/11/95 83709 179 03 3.75 9423717 Boise $20,000.
37 12/31/95 18.00 06 169 1 $120,000.


WA 11.5 2 253930000423742 4709 176th Street  91 $17,280.28 11/11/10 95 $23000
12/1/95 98037 179 01 3.25 9423742 Lynwood $17,500.
44 1/31/96 18.00 01 169 1 $43,000.

CA 12. 2 106930000423754 546 Dover Court 91 $39,981.39 11/4/10 95 $121067
12/4/95 92385 179 05 3.75 9423754 Sky Forest Area $40,000.
43 1/31/96 18.00 02 169 1 $170,000.


CA 12. 2 206910000423757 24911 Normans  91 $98,373.46 11/14/10 97 $445000
12/14/95 91302 179 03 3.75 9423757 Calabasas $100,000.
43 1/31/96 18.00 06 169 1 $565,000.

CA 12. 2 106930000423773 2327 Via Zafiro 91 $47,731.52 11/12/15 95 $257200
12/12/95 92673 239 05 3.75 9423773 San Clemente $48,200.
32 3/12/96 18.00 00 229 1 $321,501.


FL 12. 2 112930000423799 2202 6th Street 91 $45,433.44 11/26/15 95 $109692
12/26/95 34221 239 05 3.75 9423799 Palmetto $47,000.
39 6/27/96 18.00 03 229 1 $165,000.

CA 12.25 2 206930000423800 893 Banneker  92 $25,993.06 11/20/10 96 $127000
12/20/95 92114 179 05 4.00 9423800 San Diego $26,000.
43 1/20/96 18.00 06 169 1 $160,000.


WA 11.5 2 153930000423813 1808 3rd Street  91 $29,752.27 12/1/10 99 $128019
12/1/95 98802 180 05 3.25 9423813 East Wanatchee $30,000.
39 1/31/96 18.00 02 170 1 $161,000.







<PAGE>
CA 12.5 2 206930000423834 294 Calistoga  91 $22,557.62 11/13/20 95 $87750
12/13/95 94565 299 05 4.25 9423834 Pittsburg $23,000.
50 3/13/96 18.00 06 289 1 $117,000.

CA 12. 2 106930000423838 2781 Belfast  91 $29,455.22 11/14/10 95 $142000
11/14/95 95127 180 05 3.75 9423838 San Jose $30,000.
36 2/14/96 18.00 06 169 1 $182,000.


CA 12. 2 106930000423850 4186 Hazelhurst  91 $56,028.66 12/11/10 98 $203000
12/11/95 94566 180 05 3.75 9423850 Pleasanton $60,000.
42 1/11/96 18.00 02 170 1 $271,000.

CA 8.25 2 106920000423854 3174 Baker Drive 91 $19,786.09 11/13/20 88 $121500
11/13/95 94519 300 03 2.75 9423854 Concord $20,200.
37 2/13/96 18.00 06 289 1 $162,000.


CA 11.5 2 106930000423873 189 Stonewall Rd. 92 $46,908.79 12/14/10 100 $296146
12/14/95 94705 180 05 3.25 9423873 Berkeley $48,500.
45 1/14/96 18.00 03 170 1 $345,000.

CA 11.75 2 106930000423898 256 South 6th  91 $37,525.62 11/19/20 95 $85000
12/19/95 94804 299 05 3.50 9423898 Richmond $38,000.
26 3/19/96 18.00 01 289 1 $130,000.


CA 10.25 2 106930000423899 20232 Santiago  91 $27,187.39 10/10/20 95 $146000
11/10/95 92669 299 05 3.25 9423899 Orange $28,000.
42 2/10/96 18.00 02 288 1 $185,000.

CA 12.25 2 106910000423902 1921 Johnston  91 $16,700. 11/29/10 95 $296795
12/29/95 95125 179 05 3.75 9423902 San Jose $16,700.
42 12/29/95 18.00 06 169 1 $330,000.


CA 12. 2 106930000423910 1656 Via  91 $21,297.42 12/15/10 95 $146000
12/15/95 94580 180 03 3.75 9423910 San Lorenzo $24,300.
45 3/15/96 18.00 06 170 1 $180,000.

FL 11. 2 112920000423911 3635 Marsh Road 91 $13,944.13 11/5/20 90 $85635
12/5/95 32724 299 05 2.75 9423911 Deland $37,000.
48 3/5/96 18.00 06 289 1 $137,000.



<PAGE>
CO 12. 2 208930000423922 1675 Monroe  91 $19,929.89 12/27/10 95 $72585
12/27/95 80206 180 05 3.75 9423922 Denver $23,350.
39 3/27/96 18.00 02 170 1 $101,000.






WA 12. 2 153930000423965 13742 22nd  91 $19,188.09 11/12/10 95 $111000
12/12/95 98125 179 05 3.75 9423965 Seattle $19,500.
41 6/12/96 18.00 06 169 1 $138,000.

AZ 12. 2 104930000423978 11360 North  91 $40,070.65 12/12/10 95 $188900
12/12/95 85737 180 03 3.75 9423978 Tucson $40,600.
25 1/31/96 18.00 06 170 1 $242,000.


UT 12. 2 149930000423986 119 West 1230  91 $44,110.55 12/8/10 95 $78834
12/8/95 84003 180 05 3.75 9423986 American Fork $44,650.
39 1/31/96 18.00 06 170 1 $130,000.

CA 12. 2 106930000423994 3079 Muir  91 $24,855.97 11/4/10 95 $126564
12/4/95 95762 179 05 3.75 9423994 El Dorado Hills $25,400.
32 6/4/96 18.00 06 169 1 $160,000.


NJ 10.5 2 134920000424028 76 Briarwood  92 $11,854.53 12/12/20 79 $124840
12/12/95 07922 300 05 2.25 9424028 Berkeley Heights $16,300.
40 3/12/96 18.00 06 290 1 $180,000.

CA 11.75 2 106930000424046 247 North  91 $48,971.94 12/15/10 94 $447822
12/15/95 90049 180 05 3.50 9424046 Los Angeles $50,000.
25 12/31/95 18.00 02 170 1 $535,000.


CA 11.5 2 206930000424104 10 Via Belmonte 91 $27,358.62 11/15/10 99 $271700
12/15/95 ****** 179 03 3.25 9424104 Rancho Santa  $30,250.
36 1/31/96 18.00 03 169 1 $306,000.

CA 12. 2 106930000424172 7563 Rowena  91 $5,912.07 11/15/10 95 $151400
12/15/95 92119 179 05 3.75 9424172 San Diego $38,600.
41 1/31/96 18.00 03 169 1 $200,000.



<PAGE>
CA 8.75 2 106910000424176 1130 Crabbe Way 81 $24,301.47 11/12/20 78 $190000
12/12/95 92651 299 05 0.50 9424176 Laguna Beach $50,000.
45 3/12/96 18.00 06 289 1 $310,000.

CO 11.5 2 208930000424184 5552 Yuba Way 91 $26,905.79 11/20/10 97 $37448
12/20/95 80239 179 05 3.25 9424184 Denver $27,000.
40 1/31/96 18.00 01 169 1 $67,000.


MA 8.75 2 225910000424214 4 Martin Circle 91 $8,431.81 12/15/20 77 $132000
12/15/95 01749 300 05 0.50 9424214 Hudson $25,000.
32 3/15/96 18.00 06 290 1 $206,000.






CA 12.5 2 106930000424227 222 Jackson Street 91 $13,904.45 11/7/10 95 $202500
12/7/95 95060 179 05 4.25 9424227 Santa Cruz $14,100.
48 6/7/96 18.00 06 169 1 $228,000.

CA 11. 2 106920000424229 3411 Dorothy  91 $43,958.46 11/11/20 89 $200000
12/11/95 90290 299 05 2.75 9424229 Calabasas $60,000.
26 3/11/96 18.00 06 289 1 $295,000.


CA 12. 2 106930000424235 320 Hawthorne  92 $37,922.17 11/1/10 100 $103000
12/1/95 95376 179 05 3.75 9424235 Tracy $38,000.
48 1/31/96 18.00 01 169 1 $142,000.

CA 10.5 2 106920000424257 7328 Park Village  91 $20,636.59 11/27/20 90 $168000
11/27/95 92129 300 05 2.25 9424257 San Diego $21,000.
41 2/27/96 18.00 00 289 1 $210,000.


CA 12. 2 106930000424269 5101 Devon Park  91 $40,315.17 12/19/10 95 $218400
12/19/95 95136 180 05 3.75 9424269 San Jose $40,950.
42 3/19/96 18.00 06 170 1 $273,000.

CA 12. 2 106930000424317 2482 Bradley  92 $17,774.1 12/15/10 100 $136682
12/15/95 92056 180 05 3.25 9424317 Oceanside $18,000.
47 1/31/96 18.00 02 170 1 $155,000.



<PAGE>
CA 12. 2 106930000424326 1119 Buena Street 91 $28,186.46 12/14/10 95 $152000
12/14/95 93955 180 05 3.75 9424326 Seaside $28,500.
38 3/14/96 18.00 06 170 1 $190,000.

CA 9.25 2 106910000424333 265 South  81 $3,115.48 11/15/20 68 $459000
12/15/95 90004 299 05 1.00 9424333 Los Angeles $50,000.
42 6/15/96 18.00 01 289 1 $750,000.


VA 11. 2 151920000424346 5208 North  91 $13,153.15 11/15/20 90 $175200
12/15/95 22203 299 05 2.75 9424346 Arlington $21,900.
41 3/15/96 18.00 00 289 1 $219,000.

ID 12. 2 116930000424362 2521 Wagon  91 $12,694.08 11/15/10 92 $120529
12/15/95 83686 179 05 3.75 9424362 Nampa $12,700.
32 12/15/95 18.00 02 169 1 $145,000.


FL 12. 2 112910000424371 12300 Sw 68  91 $34,227.1 11/7/20 95 $203150
12/7/95 33156 299 05 3.75 9424371 Miami $37,900.
40 3/7/96 18.00 06 289 1 $253,750.






CA 11.5 2 106930000424372 825 Lochwood  91 $19,836.48 12/21/10 98 $154000
12/21/95 92026 180 05 3.25 9424372 Escondido $20,000.
36 1/21/96 18.00 02 170 1 $178,000.

AZ 12. 2 104910000424375 3648 North Dale  91 $17,522.99 12/4/20 91 $61113
1/4/96 86314 299 05 3.75 9424375 Prescott Valley $20,000.
43 4/4/96 18.00 03 290 1 $90,000.


CA 12. 2 106930000424381 34 Barneburg 91 $72,624.45 11/12/10 95 $387900
12/12/95 92679 179 03 3.75 9424381 Dove Canyon  $72,700.
26 1/31/96 18.00 00 169 1 $485,000.

CA 11. 2 206930000424398 6011 Sinton Place 91 $18,146.81 11/22/20 92 $132000
12/22/95 91942 299 05 2.75 9424398 Le Mesa $18,500.
43 3/22/96 18.00 01 289 1 $165,000.



<PAGE>
GA 12.5 2 113930000424404 891 Embassy  91 $25,169.97 11/18/10 94 $154400
12/18/95 30324 179 09 4.25 9424404 Atlanta $26,500.
50 3/18/96 18.00 01 169 1 $193,000.

CA 12. 2 106930000424416 2992 Sombrero  91 $42,208.68 12/21/10 95 $228000
12/21/95 94583 180 05 3.75 9424416 San Ramon $42,700.
45 3/21/96 18.00 06 170 1 $285,000.


CA 10.5 2 106910000424428 1470 Bentley  91 $30,608.84 11/27/20 90 $153750
11/27/95 94518 300 05 2.25 9424428 Concord $30,750.
44 2/27/96 18.00 00 289 1 $206,000.

WA 12. 2 153930000424432 8834 250th  92 $22,783.14 11/18/10 100 $203150
12/18/95 98053 179 05 3.75 9424432 Redmond $22,800.
45 1/31/96 18.00 06 169 1 $226,000.


OR 8.25 2 141910000424436 6800 Southwest  81 $63,372.3 11/19/20 78 $498822
12/19/95 97756 299 05 1.00 9424436 Redmond $65,000.
40 3/19/96 18.00 00 289 1 $730,000.

CA 12. 2 106930000424443 530 South  91 $92,667.75 11/15/10 98 $350000
12/15/95 90049 179 05 3.75 9424443 Los Angeles $100,000.
30 1/31/96 18.00 06 169 1 $461,000.


CO 12.25 2 208930000424446 4907 Galena  91 $23,699.9 11/22/10 95 $89325
12/22/95 80918 179 05 3.75 9424446 Colorado Springs $23,725.
43 1/31/96 18.00 02 169 1 $119,000.






CO 11.5 2 208930000424449 7840 Brandy  91 $20,541.93 11/19/10 100 $78070
12/19/95 80920 179 03 3.25 9424449 Colorado Springs $20,900.
45 1/31/96 18.00 01 169 1 $99,000.

ID 12. 2 116920000424452 11404 West  91 $95,105.09 11/15/10 95 $146925
12/15/95 83704 179 05 3.75 9424452 Boise $100,000.
44 6/15/96 18.00 06 169 1 $260,000.



<PAGE>
CA 12. 2 106930000424496 1624 Hallbrook  91 $40,232.79 12/6/10 95 $178000
12/6/95 95124 180 05 3.75 9424496 San Jose $40,500.
41 3/6/96 18.00 01 170 1 $230,000.

CA 12. 2 206930000424505 6 Charmony 91 $79,697.49 12/4/10 96 $372600
1/4/96 92677 179 05 3.75 9424505 Laguna Niguel $100,000.
45 2/29/96 18.00 04 170 1 $495,000.


IL 12. 2 217930000424507 217 Country Club  91 $27,593.71 1/5/11 95 $110000
1/5/96 62223 180 05 3.75 9424507 Belleville $27,750.
38 2/29/96 18.00 03 171 1 $145,000.

CA 11.5 2 106930000424531 387 Sharry Lane 91 $14,674.1 12/18/10 99 $131000
1/18/96 93455 179 05 3.00 9424531 Santa Maria $15,000.
30 1/31/96 18.00 02 170 1 $148,000.


NY 8.5 2 136910000424536 338 Pleasant  91 $14,709.24 11/7/20 80 $64000
12/7/95 14075 299 05 0.25 9424536 Hamburg $20,000.
29 3/1/96 18.00 06 289 1 $105,000.

CA 11.5 2 106910000424568 1339 Fruitdale  92 $35,134.35 11/14/10 100 $136618
12/14/95 95126 179 09 3.25 9424568 San Jose $35,200.
38 1/31/96 18.00 02 169 1 $172,000.


ID 11.5 2 116930000424590 4958 Blue Grass  91 $25,678.18 12/5/10 100 $77250
12/5/95 83703 180 05 3.25 9424590 Boise $25,750.
37 1/31/96 18.00 02 170 1 $103,000.

CO 9.75 2 208910000424598 740 Robinglen  91 $35,809.91 11/7/20 75 $99500
12/7/95 80906 299 05 1.50 9424598 Colorado Springs $37,000.
53 3/1/96 18.00 02 289 1 $184,000.


UT 15. 2 149930000424601 1082 South  91 $10,858.97 12/4/10 100 $127955
12/4/95 84074 180 05 3.25 9424601 Tooele $11,750.
38 1/31/96 18.00 02 170 1 $140,000.







<PAGE>
CA 12. 2 106930000424612 6382 Buena Vista  91 $22,655.41 11/8/10 94 $124155
12/8/95 94560 179 01 3.75 9424612 Newark $23,000.
42 3/8/96 18.00 06 169 1 $158,000.

CA 12. 2 106930000424613 4939 Lynnfield  91 $23,311.72 12/19/20 94 $116941
12/19/95 90032 300 05 3.75 9424613 Los Angeles $24,000.
48 3/19/96 18.00 02 290 1 $151,000.


FL 12.5 2 112930000424615 6011 North 42nd  91 $13,501.66 11/26/20 95 $50121
12/26/95 33709 299 05 4.25 9424615 St. Petersburg $13,400.
48 6/26/96 18.00 03 289 1 $67,000.

CA 12. 2 106930000424653 479 Monti Circle 91 $37,487.85 1/5/11 95 $204000
1/5/96 94523 180 05 3.75 9424653 Pleasant Hill $38,200.
38 4/5/96 18.00 02 171 1 $255,000.


GA 11. 2 113920000424686 806 Pinehurst  91 $10,192.5 12/14/20 90 $154400
12/15/95 30188 299 03 2.75 9424686 Woodstock $19,000.
30 3/15/96 18.00 00 290 1 $193,500.

CA 11.5 2 106930000424695 289 Hillcrest  91 $48,407.98 12/22/10 92 $336000
12/22/95 92024 180 05 3.25 9424695 Encinitas $49,000.
39 1/22/96 18.00 06 170 1 $420,000.


CA 10.5 2 106920000424710 14828 Payton  91 $5,410.75 12/21/20 87 $162266
12/21/95 95124 300 05 2.25 9424710 San Jose $22,000.
31 3/21/96 18.00 03 290 1 $213,000.

OR 9.25 2 141910000424721 18610 SE  91 $49,075.54 12/9/20 63 $38000
1/9/96 ****** 299 05 1.00 9424721 Milwaukie $50,000.
45 4/9/96 18.00 03 290 1 $140,000.


CA 12. 2 106930000424722 9444 Domer Road 91 $24,982.19 11/15/10 98 $118483
12/15/95 92071 179 05 3.75 9424722 Santee $25,000.
50 1/31/96 18.00 02 169 1 $147,000.

CA 10.75 2 206910000424731 2026 Port Cardiff 91 $99,647.82 12/10/21 69 $124000
1/10/96 91910 311 05 2.50 9424731 Chula Vista $100,000.
36 4/10/96 18.00 06 302 1 $325,000.



<PAGE>
CA 12.25 2 206930000424734 2231 Fowler  91 $39,921.36 12/9/11 100 $140000
1/9/96 92137 191 05 4.00 9424734 San Diego $40,000.
42 2/29/96 18.00 06 182 1 $180,000.






OR 11.5 2 141930000424749 6940 Southwest  91 $29,929.44 11/21/10 100 $92868
12/21/95 97007 179 03 3.25 9424749 Aloha $33,100.
31 1/31/96 18.00 06 169 1 $126,000.

CA 12.5 2 106930000424765 1484 Santa Paula  91 $17,754.67 11/4/10 95 $158000
12/4/95 95110 179 05 4.25 9424765 San Jose $17,900.
46 3/4/96 18.00 02 169 1 $186,000.


CA 12.5 2 106930000424768 10504 Commerce  91 $48,867.24 11/19/10 94 $150394
12/19/95 91042 179 05 4.25 9424768 Tujunga $50,000.
49 6/19/96 18.00 02 169 1 $215,000.

WA 12. 2 153930000424772 7922 124th  91 $45,856.49 11/28/10 95 $142000
12/28/95 98033 179 05 3.75 9424772 Kirkland $47,000.
39 6/28/96 18.00 01 169 1 $200,000.


CA 12. 2 106930000424776 631 Rivercrest  91 $25,925.69 11/18/10 95 $140941
12/18/95 95831 179 05 3.75 9424776 Sacramento $27,200.
40 6/18/96 18.00 02 169 1 $177,000.

CA 11. 2 106920000424794 4894 Claret Court 91 $14,414.43 12/8/20 88 $101000
12/8/95 94561 300 05 2.75 9424794 Oakley $15,000.
40 3/8/96 18.00 02 290 1 $133,000.


CA 11.75 2 106930000424796 1404 Elm Avenue 91 $14,958.86 12/26/10 100 $381250
1/26/96 90266 179 05 3.25 9424796 Manhattan Beach $15,000.
28 2/29/96 18.00 01 170 1 $400,000.

CA 10.5 2 106920000424799 2613 Trent ST 81 $15,063.46 3/6/21 80 $48000
4/6/96 93306 299 05 2.25 9424799 Bakersfield $15,200.
30 7/6/96 18.00 03 293 1 $79,000.



<PAGE>
WA 12. 2 153930000424800 127 Krest View  91 $46,978.16 11/22/10 95 $176250
12/22/95 98674 179 05 3.75 9424800 Woodland $47,000.
35 1/31/96 18.00 02 169 1 $235,000.

CA 12. 2 206920000424817 785  91 $33,491.06 12/11/21 81 $270137
1/11/96 92019 311 05 3.75 9424817 El Cajon $40,000.
43 4/11/96 18.00 06 302 1 $383,000.


CA 12.25 2 206930000424824 319 Windjammer  91 $19,889.06 12/11/10 100 $127000
1/11/96 91910 179 03 4.00 9424824 San Diego $20,000.
34 2/25/96 18.00 06 170 1 $147,000.






CA 11.5 2 106930000424839 1428 Wikiup  91 $27,550.12 12/22/10 95 $268000
12/22/95 95403 180 05 3.25 9424839 Santa Rosa $50,000.
40 3/22/96 18.00 06 170 1 $335,000.

CA 15.5 2 106930000424841 5555 Caminito  91 $8,263.13 11/22/10 98 $294900
12/22/95 92130 179 03 3.75 9424841 San Diego $25,000.
50 1/31/96 18.00 06 169 1 $328,000.


CA 12. 2 106930000424843 20862 Shadow  91 $39,885.06 11/14/10 96 $217073
12/14/95 92679 179 05 3.75 9424843 Trabuco Canyon  $40,200.
49 1/31/96 18.00 06 169 1 $268,000.

CA 14.75 2 106930000424846 4747 San  91 $24,612.87 11/12/10 91 $196000
12/12/95 91364 179 05 3.00 9424846 Los Angeles $25,000.
25 1/31/96 18.00 06 169 1 $245,000.


CA 12. 2 106930000424866 3602 Aquarius  92 $79,354.77 11/21/10 100 $360000
12/21/95 92649 179 03 3.75 9424866 Huntington Beach $90,000.
41 1/31/96 18.00 03 169 1 $450,000.

CA 8.5 2 106920000424870 400 Kingston  91 $14,462.9 12/15/20 84 $348000
12/15/95 94506 300 05 0.25 9424870 Danville $14,700.
29 3/15/96 18.00 06 290 1 $435,000.



<PAGE>
CA 12. 2 106910000424872 20372 Craimer  91 $47,369.5 12/14/20 95 $260000
12/14/95 92646 300 05 3.75 9424872 Huntington Beach $48,750.
43 3/1/96 18.00 01 290 1 $325,000.

UT 12. 2 149930000424873 503 West 300  91 $29,539.5 12/21/20 95 $158400
12/21/95 84058 300 05 3.75 9424873 Orem $29,700.
41 3/21/96 18.00 06 290 1 $198,000.


CO 11. 2 108920000424874 15646 Coleman 91 $31,566.36 11/11/20 90 $60995
12/11/95 80621 299 05 2.75 9424874 Ft. Lipton $33,400.
47 3/11/96 18.00 06 289 1 $105,000.

CA 9.25 2 206910000424904 225 Highland  91 $49,576.03 11/19/20 75 $203000
12/19/95 91016 299 05 1.00 9424904 Monrovia $95,000.
21 3/19/96 18.00 01 289 1 $400,000.


CA 12. 2 106930000424907 5805 Salisbury  91 $76,964.23 11/22/10 100 $308000
12/22/95 93401 179 03 3.75 9424907 San Luis Obispo $77,000.
40 1/31/96 18.00 06 169 1 $385,000.






VA 8.75 2 151910000424913 2915 Adams Place 91 $28,603.8 11/20/20 69 $100000
12/20/95 22042 299 05 0.50 9424913 Falls Church $30,000.
23 3/20/96 18.00 06 289 1 $191,000.

WA 12. 2 153930000424921 1841 Pioneer  91 $9,673.96 12/9/20 93 $106191
1/9/96 98022 299 05 3.75 9424921 Enumclaw $10,000.
41 4/9/96 18.00 03 290 1 $126,000.


UT 8.75 2 149910000424927 345 East 1000  91 $44,072.66 11/4/20 79 $56549
12/4/95 84057 299 05 0.50 9424927 Orem $45,000.
46 3/4/96 18.00 06 289 1 $130,000.

WA 12. 2 153930000424950 12003 Andrew  91 $43,174.37 12/9/20 95 $64282
1/9/96 98208 299 05 3.75 9424950 Everett $44,000.
45 4/9/96 18.00 02 290 1 $115,000.



<PAGE>
CA 12. 2 106930000424974 8720 Villanova  91 $39,666.18 11/21/10 95 $212000
12/21/95 90045 179 05 3.75 9424974 Los Angeles $39,700.
42 1/31/96 18.00 00 169 1 $265,000.

CA 10.75 2 206910000424981 3771 Franklin St 91 $17,170.32 12/15/20 80 $54600
1/16/96 92113 298 05 2.50 9424981 San Diego $17,400.
27 4/15/96 18.00 06 290 1 $90,000.


WA 10.25 2 153930000424984 132 30th Avenue  91 $19,188.8 11/28/10 95 $116000
12/28/95 98112 179 05 3.75 9424984 Seattle $21,750.
36 1/31/96 18.00 02 169 1 $145,000.

FL 12.5 2 112930000424988 6615 Lawrence  91 $19,820.74 11/6/10 95 $97915
11/6/95 33462 180 03 3.75 9424988 Lantana $19,850.
45 11/30/95 18.00 02 169 1 $124,000.


CA 12.5 2 106930000425000 166 Villa Avenue 91 $24,140. 12/7/10 97 $113600
12/7/95 93612 180 05 3.75 9425000 Clovis $24,140.
40 12/7/95 18.00 06 170 1 $142,000.

OR 9.25 2 141910000425006 5119 Southwest  91 $7,656.5 11/21/20 80 $100000
12/21/95 97219 299 05 1.00 9425006 Portland $22,400.
35 6/21/96 18.00 03 289 1 $153,000.


CA 12. 2 106930000425013 5517 Chesbro  91 $30,786.51 1/1/11 95 $165600
2/1/96 95123 179 05 3.75 9425013 San Jose $31,000.
35 2/1/96 18.00 06 171 1 $207,000.






CA 12. 2 106930000425026 32482 Monterey  92 $79,658.23 1/29/11 100 $309993
1/29/96 94587 180 05 3.75 9425026 Union City $82,000.
42 2/29/96 18.00 01 171 1 $392,000.

CO 12. 2 108930000425027 763 Jersey Street 91 $23,746.75 11/18/20 97 $126278
12/18/95 80220 299 05 3.75 9425027 Denver $23,750.
41 3/18/96 18.00 02 289 1 $155,000.



<PAGE>
FL 15.25 2 112930000425035 3112 West Henry  91 $19,699.61 12/15/20 97 $75049
1/15/96 33614 299 05 3.75 9425035 Tampa $20,000.
50 1/31/96 18.00 02 290 1 $98,000.

CA 11.75 2 206930000425036 6962 Oxford  91 $33,915.12 12/11/10 95 $170000
1/11/96 92647 179 05 3.50 9425036 Huntington Beach $34,000.
34 4/11/96 18.00 02 170 1 $215,000.


CA 12. 2 206930000425039 612 North  91 $19,484.1 12/2/11 95 $222500
1/2/96 91206 191 05 3.75 9425039 Glendale $19,750.
35 2/29/96 18.00 02 182 1 $255,000.

CA 11. 2 206910000425043 600 Dartmouth  91 $16,378.24 11/14/20 90 $230000
12/14/95 94134 299 05 2.75 9425043 San Francisco $30,000.
45 3/14/96 18.00 06 289 1 $290,000.


CA 12. 2 106930000425052 219 Horizon  91 $30,289.45 11/21/20 95 $166000
12/21/95 94043 299 09 3.75 9425052 Mountain View $31,600.
42 3/21/96 18.00 06 289 1 $208,000.

CA 11.5 2 106930000425057 8240 Northam  91 $17,672.9 11/26/10 95 $96800
12/26/95 95843 179 05 3.25 9425057 Antelope $18,100.
42 6/26/96 18.00 01 169 1 $121,000.


CA 12.25 2 206930000425061 11383 Spica Drive 91 $24,834.98 12/17/10 100 $137663
1/17/96 92126 179 05 4.00 9425061 San Diego $25,000.
42 4/17/96 18.00 02 170 1 $162,700.

CA 10.5 2 106910000425063 1693 Hillcrest  91 $46,868.05 11/21/20 89 $384000
12/21/95 92651 299 05 2.25 9425063 Laguna Beach $48,000.
33 3/1/96 18.00 00 289 1 $490,000.


CO 12. 2 208910000425072 201 Adams  91 $20,327.47 12/1/10 100 $248500
1/19/96 80504 178 05 3.75 9425072 Longmont $35,500.
38 2/19/96 18.00 02 170 1 $285,000.







<PAGE>
CA 10.75 2 106990000425073 8767 Wonderland  91 $34,050.84 6/14/21 90 $274000
6/14/96 90046 300 05 2.50 9425073 Los Angeles $34,250.
46 9/14/96 18.00 00 296 1 $342,500.

CA 12.25 2 206930000425083 11978 Marginata  91 $39,528.12 12/16/10 98 $300000
1/16/96 92131 179 05 4.00 9425083 San Diego $40,000.
38 2/29/96 18.00 02 170 1 $350,000.


FL 11.75 2 112930000425101 3440 Prescott  91 $17,461.58 12/12/20 95 $42736
1/12/96 33713 299 05 3.50 9425101 St. Petersburg $18,000.
27 4/12/96 18.00 03 290 1 $64,000.

CO 12. 2 208930000425107 4730 South  91 $21,296.24 1/15/11 95 $62812
1/15/96 80110 180 05 3.75 9425107 Englewood $21,700.
33 4/15/96 18.00 02 171 1 $89,000.


CA 11. 2 106910000425114 10310 Meuret  91 $23,904.05 12/20/20 90 $196000
12/20/95 95693 300 05 2.75 9425114 Wilton $24,500.
46 3/20/96 18.00 00 290 1 $245,000.

FL 12.5 2 112930000425141 11633 Orange  91 $22,656.9 12/12/20 94 $56896
1/12/96 33428 299 09 4.25 9425141 Boca Raton $23,500.
50 4/13/96 18.00 03 290 1 $86,000.


CA 10.25 2 206920000425177 32 Regina 91 $15,824.39 12/16/20 90 $218000
1/16/96 92629 299 03 2.00 9425177 Dana Point $25,000.
27 4/16/96 18.00 02 290 1 $272,900.

CA 12. 2 206930000425186 5825 Mezzanine  91 $24,774.22 12/11/11 100 $184932
1/11/96 90808 191 05 3.75 9425186 Long Beach $25,000.
47 2/29/96 18.00 02 182 1 $210,000.


CA 12. 2 106910000425190 4087 Salem Street 91 $24,807.28 12/12/10 95 $136000
1/12/96 94521 179 05 3.75 9425190 Concord $25,500.
47 4/12/96 18.00 01 170 1 $170,000.

AZ 12. 2 104930000425195 2706 East Shaw  91 $16,420.59 12/28/10 100 $64748
12/28/95 85028 180 09 3.75 9425195 Phoenix $16,700.
48 1/28/96 18.00 06 170 1 $81,500.



<PAGE>
CA 12. 2 106930000425196 36212 Toulon  92 $28,958.13 12/20/10 100 $142500
12/20/95 94560 180 05 3.25 9425196 Newark $47,500.
34 1/20/96 18.00 06 170 1 $190,000.






GA 11.75 2 113930000425208 1291 Shiloh Trail  91 $31,118.63 1/3/11 95 $96243
1/3/96 30144 180 05 3.50 9425208 Kennesaw $32,000.
30 4/3/96 18.00 02 171 1 $135,000.

CA 12.5 2 106930000425217 4316 Rose Lane 92 $19,691.92 12/15/10 100 $172513
12/15/95 94518 180 05 3.75 9425217 Concord $32,000.
49 1/15/96 18.00 02 170 1 $205,000.


CA 12. 2 106930000425231 26911 Windmere  91 $49,757.61 11/22/10 94 $254293
12/22/95 92630 179 03 3.75 9425231 Lake Forest $50,000.
39 3/22/96 18.00 02 169 1 $325,000.

FL 12.5 2 112930000425232 3168-70 Nw 30 St 91 $19,753.14 11/27/20 91 $65000
12/27/95 33142 299 05 4.25 9425232 Miami $36,800.
49 3/27/96 18.00 02 289 1 $112,000.


NJ 10.5 2 134920000425240 3 Greenleigh  91 $3,478.33 11/27/10 82 $117350
12/27/95 08080 179 05 2.25 9425240 Sewell $20,000.
42 3/27/96 18.00 06 169 1 $168,000.

FL 12. 2 112930000425244 8120 Sw 19 Street 91 $34,927.63 12/4/20 95 $133500
1/4/96 33155 299 05 3.75 9425244 Miami $35,600.
42 7/26/96 18.00 02 290 1 $178,000.


CA 12.25 2 206930000425253 2816 1/2 I Avenue 91 $31,084.83 12/3/10 100 $85737
1/3/96 91950 179 10 4.00 9425253 National City $31,200.
25 2/29/96 18.00 06 170 1 $117,000.

FL 12. 2 112930000425255 3480 3 AVE SW 91 $34,992.61 12/8/10 95 $126202
1/8/96 33145 179 05 3.75 9425255 Miami $35,000.
44 7/8/96 18.00 03 170 1 $170,000.



<PAGE>
CA 12. 2 106930000425257 195 Dale O'Dell  91 $17,858.77 11/28/10 95 $174000
12/28/95 95376 179 05 3.75 9425257 Tracy $17,900.
47 1/31/96 18.00 06 169 1 $204,000.

CA 12.25 2 206930000425262 868 Kostner Drive 91 $51,139.31 12/8/11 98 $45059
1/8/96 92154 191 05 4.00 9425262 San Diego $91,000.
38 2/29/96 18.00 06 182 1 $140,000.


WA 12. 2 253930000425322 3927 Friday  91 $29,456.6 11/22/10 95 $91329
12/22/95 98201 179 05 3.25 9425322 Everett $30,275.
39 1/31/96 18.00 02 169 1 $128,000.






IL 12. 2 117930000425325 313 North Homan 91 $13,852.3 12/12/20 95 $34000
12/12/95 60624 300 05 3.75 9425325 Chicago $14,000.
23 3/12/96 18.00 06 290 1 $51,000.

CA 12.5 2 106930000425338 25189 Century  91 $80,365.62 1/23/11 95 $310000
2/23/96 94552 179 03 4.25 9425338 Castro Valley $82,700.
42 5/23/96 18.00 00 171 1 $413,392.


CA 11.5 2 106930000425359 1116 West  92 $46,570.49 11/27/10 100 $103258
12/27/95 91790 179 05 3.25 9425359 West Covina $47,000.
43 12/31/95 18.00 06 169 1 $151,000.

CA 12. 2 106930000425376 19297 Carriger  91 $21,829.78 11/15/10 91 $158800
12/15/95 95476 179 05 3.75 9425376 Sonoma $50,000.
41 1/31/96 18.00 02 169 1 $230,000.


CA 11.25 2 106930000425390 1730 248th Street 91 $24,481.77 11/19/10 95 $132000
12/19/95 90717 179 05 3.00 9425390 Lomita $24,700.
24 1/31/96 18.00 00 169 1 $165,000.

CA 11.5 2 106930000425405 16977 Colchester  91 $36,977.03 12/8/10 100 $94367
1/8/96 91745 179 09 3.25 9425405 Hacienda Heights $45,000.
31 2/29/96 18.00 06 170 1 $140,000.



<PAGE>
CA 12. 2 106930000425413 346 Spindlewood  91 $37,016.03 12/12/10 95 $203200
1/12/96 93012 179 03 3.75 9425413 Camarillo $38,100.
43 7/12/96 18.00 00 170 1 $255,000.

CA 11. 2 106920000425430 1705 North  91 $27,000. 12/12/20 90 $135000
1/12/96 92807 299 05 2.75 9425430 Anaheim $27,000.
45 4/12/96 18.00 01 290 1 $180,000.


CA 12. 2 106930000425432 866 South Marjan  91 $29,026.54 12/16/10 95 $156000
1/16/96 92806 179 05 3.75 9425432 Anaheim $29,250.
46 4/16/96 18.00 02 170 1 $195,000.

CA 10.75 2 106920000425433 1847 Westerly  91 $50,593.46 12/15/20 88 $165593
1/15/96 90026 299 05 2.50 9425433 Los Angeles $65,000.
5 4/15/96 18.00 01 290 1 $265,000.


CA 11.5 2 106910000425434 1549 Olympic  91 $30,000. 12/17/20 89 $165000
1/17/96 92670 299 05 3.25 9425434 Placentia $30,000.
46 4/17/96 18.00 02 290 1 $220,000.






CA 12. 2 106930000425435 2145 Calle  91 $20,092.12 12/3/20 95 $110691
1/3/96 92139 299 05 3.75 9425435 San Diego $20,400.
45 4/3/96 18.00 02 290 1 $138,000.

CA 10.5 2 106920000425437 518 Fallen Leaf  91 $18,328.27 11/23/20 89 $291600
12/23/95 94583 299 03 2.25 9425437 San Ramon $33,000.
42 3/23/96 18.00 06 289 1 $365,000.


WA 9.25 2 153910000425439 2510 East Ward  91 $2,000. 11/19/20 52 $87253
12/19/95 98112 299 05 1.00 9425439 Seattle $20,000.
49 3/19/96 18.00 06 289 1 $210,000.

FL 12. 2 212930000425450 1744 E Bismark  91 $18,517.93 12/8/20 94 $75000
1/8/96 34442 299 05 3.75 9425450 Hernando $19,000.
38 7/9/96 18.00 06 290 1 $100,000.



<PAGE>
FL 8.5 1 112910000425453 1844 Monte  81 $29,472.59 1/31/11 21 $0
1/31/96 33071 180 01 0.25 9425453 Pompano Beach $50,000.
32 4/30/96 18.00 06 172 1 $240,000.

CA 11.5 2 206930000425466 5511 Magnolia  91 $23,749.94 11/27/10 95 $132000
12/27/95 92506 179 05 3.25 9425466 Riverside $24,750.
23 6/27/96 18.00 06 169 1 $165,000.


CA 12. 2 106930000425476 8132 Camino Del  91 $41,583.33 12/29/10 94 $304000
12/29/95 92037 180 01 3.75 9425476 San Diego $50,000.
44 3/29/96 18.00 02 170 1 $380,000.

CA 11.75 2 106930000425509 239 Bridgewater  91 $21,869.24 1/4/11 95 $119600
1/4/96 94585 180 05 3.50 9425509 Suisun City $22,200.
20 4/4/96 18.00 02 171 1 $149,500.


CA 11. 2 106920000425528 8692 Franklin  91 $2,474.29 12/22/20 89 $207000
12/22/95 90069 300 05 2.75 9425528 Los Angeles $90,000.
44 3/22/96 18.00 00 290 1 $335,000.

CA 11.5 2 106930000425530 838 Santa Paula  91 $46,254.4 12/29/10 100 $173000
12/29/95 94086 180 05 3.25 9425530 Sunnyvale $47,000.
34 1/29/96 18.00 06 170 1 $220,000.


CA 12. 2 106910000425551 5182 Skylark  91 $25,603.53 1/12/10 95 $143200
1/12/96 92649 168 05 3.75 9425551 Huntington Beach $26,850.
38 4/12/96 18.00 00 159 1 $179,000.






FL 12. 2 112920000425552 11907 Cassiabark  91 $19,956.59 12/10/10 95 $78000
1/10/96 32837 179 03 3.75 9425552 Orlando $20,800.
30 7/10/96 18.00 02 170 1 $104,000.

CO 12. 2 208930000425560 6313 Zang CT 91 $27,199.14 1/25/11 95 $69560
1/9/96 80004 180 01 3.75 9425560 Arvada $27,300.
39 7/9/96 18.00 06 171 1 $102,000.



<PAGE>
CO 12. 2 108910000425563 1545 Highway 50 92 $29,920.11 12/22/10 100 $90000
12/22/95 81416 180 05 3.75 9425563 Delta $30,000.
47 1/31/96 18.00 06 170 1 $120,000.

GA 12. 2 113930000425587 303 Mimosa Drive 91 $25,378.2 1/9/21 95 $94964
1/4/96 30030 300 05 3.75 9425587 Decatur $25,500.
33 4/4/96 18.00 02 291 1 $127,500.


CA 12. 2 106910000425589 776 Pickford  91 $36,919.39 12/5/10 95 $208000
1/5/96 91320 179 05 3.75 9425589 Thousand Oaks $37,500.
41 2/29/96 18.00 01 170 1 $260,000.

OR 11.25 2 241930000425590 8508 Southwest  92 $26,212.68 11/26/10 100 $120000
12/26/95 97219 179 05 3.00 9425590 Portland $30,000.
28 3/26/96 18.00 02 169 1 $150,000.


CA 11.5 2 106910000425592 153 Windtree  91 $45,134.11 12/4/10 95 $241600
1/4/96 91320 179 05 3.25 9425592 Thousand Oaks $45,300.
23 2/29/96 18.00 00 170 1 $302,000.

CO 11. 2 208920000425654 1177 Bear  91 $14,925.13 12/5/20 90 $120000
1/5/96 80303 299 01 2.75 9425654 Boulder $15,000.
42 4/5/96 18.00 06 290 1 $150,000.


CA 12.5 2 206930000425681 925 Brockton 92 $37,805.5 12/18/11 100 $262000
1/18/96 92020 191 05 4.25 9425681 El Cajon $54,000.
46 2/20/96 18.00 02 182 1 $316,000.

IL 9.75 2 217920000425694 2250 N Sawyer 91 $35,846.62 12/24/21 80 $101700
1/24/96 60647 311 05 1.50 9425694 Chicago $36,000.
39 6/24/96 18.00 06 302 1 $172,500.


CA 11.5 2 106930000425716 965 Westwind  91 $22,887.41 1/5/11 100 $91756
1/5/96 92243 180 05 3.25 9425716 El Centro $23,200.
34 2/5/96 18.00 06 171 1 $115,000.







<PAGE>
OR 12. 2 141930000425720 612 N.e. 202nd  91 $35,004.61 12/5/10 93 $139751
1/5/96 97060 179 05 3.75 9425720 Troutdale $35,200.
49 2/29/96 18.00 06 170 1 $190,000.

CA 12. 2 106930000425729 5 Muirfield 91 $59,938.22 1/9/11 99 $277600
1/9/96 92679 180 03 3.75 9425729 Dove Canyon  $64,000.
45 2/9/96 18.00 06 171 1 $347,000.


CA 12.5 2 106930000425733 620 North  91 $27,222.33 12/9/10 95 $121300
1/9/96 92621 179 09 4.25 9425733 Brea $30,000.
50 2/29/96 18.00 06 170 1 $160,000.

CA 12. 2 106930000425742 851 Genevieve  91 $61,656.67 12/8/10 95 $338000
1/8/96 94566 179 05 3.75 9425742 Pleasanton $63,400.
36 7/8/96 18.00 00 170 1 $423,000.


CA 11. 2 106910000425747 2072 Midwick  91 $64,432.97 1/12/21 90 $282947
2/12/96 91001 299 05 2.75 9425747 Los Angeles $95,000.
41 5/12/96 18.00 06 291 1 $420,000.

CA 12.25 2 106930000425748 13631 Hammer  91 $43,400. 1/12/11 95 $155652
1/12/96 91710 180 05 3.75 9425748 Chino $43,800.
39 2/2/96 18.00 02 171 1 $210,000.


FL 12. 2 212920000425761 10811 148 CT SW 91 $22,343.8 2/8/11 90 $83024
3/8/96 33196 179 03 3.75 9425761 Miami $22,700.
47 9/8/96 18.00 06 172 1 $117,500.

CA 9.25 2 206910000425798 3979 Mabel  91 $11,824.98 2/1/21 70 $105800
1/3/96 94546 300 05 1.00 9425798 Castro Valley $21,500.
48 4/3/96 18.00 06 292 1 $183,000.


CA 11.75 2 106910000425805 1809 Hidden  91 $97,962.1 12/12/10 95 $381000
1/12/96 92019 179 05 3.50 9425805 El Cajon $100,000.
27 4/12/96 18.00 03 170 1 $510,000.

CA 12.5 2 106930000425824 825 Hidden Pond  91 $77,261.69 1/18/11 94 $377745
1/18/96 94553 180 01 4.25 9425824 Martinez $78,000.
50 4/18/96 18.00 02 171 1 $485,000.



<PAGE>
GA 11. 2 213930000425844 700 Spring Forest  92 $15,749.04 12/31/11 100 $93500
1/31/96 30243 191 05 2.75 9425844 Lawrenceville $16,500.
30 5/1/96 18.00 06 183 1 $110,000.






CA 9.25 2 106910000425846 25727 Simpson Pl 91 $31,283.53 11/22/20 80 $700000
12/22/95 91302 299 03 1.00 9425846 Calabasas $100,000.
42 3/22/96 18.00 06 289 1 $1,000,000.

CA 12. 2 106930000425855 550 Bath Court 91 $48,481.47 12/16/20 94 $292000
1/16/96 91301 299 03 3.75 9425855 Agoura $50,000.
35 7/16/96 18.00 01 290 1 $365,000.


CO 12.5 2 208910000425867 6163 East Oregon  91 $42,516.88 12/12/10 95 $90000
1/12/96 80224 179 05 4.25 9425867 Denver $43,000.
47 2/29/96 18.00 02 170 1 $140,000.

CA 11. 2 106910000425900 3536 Johnson Ct. 91 $48,264.01 1/16/21 90 $203000
1/16/96 94536 300 05 2.75 9425900 Fremont $49,000.
32 4/16/96 18.00 02 291 1 $280,000.


VA 8.75 2 251910000425902 1136 Clinch Road 91 $18,260.54 1/25/21 77 $203150
1/17/96 22070 300 05 0.50 9425902 Herndon $20,000.
35 7/17/96 18.00 06 291 1 $290,000.

UT 12.75 2 149910000425907 819 27th Street 91 $50,000. 1/19/11 94 $23879
1/19/96 84403 180 05 4.25 9425907 Ogden $50,000.
50 2/29/96 18.00 06 171 1 $79,000.


AZ 12. 2 104930000425911 8499 E. 23rd  91 $24,111.19 11/23/10 95 $61049
12/23/95 85710 179 05 3.75 9425911 Tucson $24,400.
27 1/31/96 18.00 02 169 1 $90,000.

CA 12.25 2 106910000425925 6027 Calle De  91 $34,644.09 11/21/10 94 $199000
12/21/95 95124 179 01 3.75 9425925 San Jose $50,000.
34 1/31/96 18.00 02 169 1 $267,000.



<PAGE>
CA 12. 2 106930000425934 4620 Paula Way 91 $42,752.24 1/10/11 93 $252000
1/10/96 95628 180 05 3.75 9425934 Fair Oaks $43,500.
38 4/10/96 18.00 06 171 1 $320,000.

CA 12.25 2 106930000425938 9842 Coventry  92 $12,000. 12/8/10 100 $82799
1/8/96 92644 179 01 3.75 9425938 Garden Grove $12,000.
50 1/31/96 18.00 02 170 1 $95,000.


OR 11.5 2 141930000425945 6036 Southeast  92 $25,843.45 1/10/11 100 $59095
1/9/96 97206 180 05 3.25 9425945 Portland $25,900.
45 2/29/96 18.00 02 171 1 $85,000.






WA 12. 2 153930000425956 15818 58th  91 $31,617.11 1/16/11 95 $116000
1/16/96 98373 180 05 3.75 9425956 Puyallup $32,200.
33 2/29/96 18.00 02 171 1 $156,000.

CO 12.25 2 208910000425962 330 Golden Circle 91 $20,716.73 12/11/10 93 $107944
1/11/96 80403 179 05 3.75 9425962 Goldco $21,000.
42 2/28/96 18.00 02 170 1 $140,000.


CA 12.25 2 106930000425964 22582 Catania 92 $35,500. 12/21/10 100 $145355
12/21/95 92653 180 05 3.75 9425964 Laguna Hills $35,500.
48 12/31/95 18.00 02 170 1 $181,000.

CA 12.25 2 106930000425974 14208 Bourgeois  92 $21,000. 1/15/11 100 $287992
1/15/96 92129 180 05 3.75 9425974 San Diego $21,000.
48 2/15/96 18.00 06 171 1 $309,000.


CA 9.75 2 106910000425986 14725  91 $10,151.31 1/8/21 44 $102000
1/8/96 95037 300 05 1.50 9425986 Morgan Hill $50,000.
50 4/8/96 18.00 06 291 1 $350,000.

CO 12. 2 208930000425987 8 West 4th Street 91 $37,186.56 12/1/10 95 $200800
1/29/96 80466 178 05 3.75 9425987 Nederland $37,650.
42 4/29/96 18.00 02 170 1 $251,000.



<PAGE>
CA 11.5 2 206920000425989 12411 Royal Road 91 $18,444.84 12/26/10 90 $149200
1/26/96 92021 179 05 3.25 9425989 El Cajon $18,700.
34 4/26/96 18.00 06 170 1 $187,000.

CA 12. 2 106930000426006 1745 Holly Drive  91 $18,576.33 12/18/10 95 $116756
1/18/96 91206 179 01 3.75 9426006 Glendale $19,000.
45 7/18/96 18.00 06 170 1 $143,000.


WA 12. 2 253930000426008 6804 N Stevens St 91 $22,133.23 2/1/11 95 $56366
1/12/96 99208 180 05 3.75 9426008 Spokane $28,849.
46 4/12/96 18.00 02 172 1 $90,000.

NM 12. 2 135930000426016 513 Circulo  91 $20,789.89 1/17/11 95 $39000
1/17/96 87107 180 09 3.75 9426016 Albuquerque $20,800.
28 3/1/96 18.00 02 171 1 $63,000.


CA 10. 2 206910000426018 1101 Green Street  81 $173,393.4 2/12/21 78 $49812
3/12/96 94109 299 06 1.75 9426018 San Francisco $175,000.
29 9/12/96 18.00 02 292 1 $290,000.






MO 8.75 2 129910000426019 118 Nw  91 $5,927.7 11/29/20 49 $107889
12/29/95 64064 299 03 0.50 9426019 Lee's Summit $20,000.
35 6/28/96 18.00 06 289 1 $265,000.

WA 10.5 2 153920000426021 10211 East  91 $13,950.8 12/12/20 90 $57000
1/12/96 99009 299 05 2.25 9426021 Elk $15,000.
37 7/12/96 18.00 00 290 1 $80,000.


WA 12.25 2 153930000426022 2105 Southeast  91 $17,382.56 12/4/10 95 $160000
1/4/96 98684 179 09 3.75 9426022 Vancouver $34,700.
36 2/29/96 18.00 01 170 1 $205,000.

CA 12.25 2 106930000426037 2945 Monogram  91 $49,800. 12/16/10 95 $186620
1/16/96 90815 179 05 3.75 9426037 Long Beach $50,000.
43 1/16/96 18.00 01 170 1 $250,000.



<PAGE>
NM 12.5 2 135910000426062 1620 Borealis  91 $27,543.73 1/18/11 95 $57617
1/18/96 87124 180 05 4.25 9426062 Rio Rancho $27,800.
46 3/1/96 18.00 06 171 1 $90,000.

CA 12. 2 106930000426065 5155 West Point  91 $17,206.03 1/11/11 95 $88000
1/11/96 92107 180 01 3.75 9426065 San Diego $17,400.
49 4/11/96 18.00 06 171 1 $111,000.


CO 8.75 2 208930000426074 13795 West  81 $22,976.24 1/25/21 62 $184589
1/25/96 80228 300 05 0.50 9426074 Lakewood $25,000.
37 4/25/96 18.00 06 291 1 $343,000.

CA 12. 2 106920000426081 22110 Alta Drive 91 $49,975.35 12/8/10 95 $272300
1/8/96 90290 179 05 3.75 9426081 Los Angeles $50,000.
33 2/29/96 18.00 00 170 1 $340,000.


CA 12.25 2 206930000426087 2311 Boulderidge  92 $27,027.15 12/29/10 100 $147800
1/29/96 91977 179 05 4.00 9426087 Spring Valley $27,200.
41 2/29/96 18.00 03 170 1 $175,000.

FL 12.5 2 112930000426109 1815 Camphor  91 $9,774.59 12/24/20 94 $73910
1/24/96 33803 299 05 4.25 9426109 Lakeland $10,000.
48 4/24/96 18.00 03 290 1 $90,000.


CA 10.75 1 206920000426111 319 Sampson 91 $48,613.02 1/20/11 80 $0
1/30/96 92113 179 05 2.50 9426111 San Diego $48,800.
46 4/30/96 18.00 02 171 1 $61,000.






FL 11.75 2 112930000426113 7606 Sylvan  91 $18,358.35 12/25/10 99 $103374
1/25/96 34667 179 03 3.25 9426113 Hudson $20,000.
44 1/31/96 18.00 03 170 1 $125,000.

OR 11.5 2 141930000426114 4050 64th AVE  91 $15,900.85 12/24/20 94 $64394
1/24/96 97206 299 05 3.25 9426114 Portland $20,000.
44 4/24/96 18.00 03 290 1 $90,000.



<PAGE>
CA 12.25 2 206910000426116 2134 L Avenue 92 $99,817.06 1/29/11 100 $170000
1/30/96 91950 179 03 4.00 9426116 National City $100,000.
41 2/29/96 18.00 02 171 1 $270,000.

NY 11.5 2 236910000426154 129 Clymer Street 91 $49,519.59 12/31/20 90 $202000
1/4/96 11211 299 01 3.25 9426154 Brooklyn $50,000.
45 4/4/96 18.00 06 291 1 $280,000.


MI 9.75 2 226910000426168 567 Sherbrooke 91 $6,952.21 1/31/21 68 $125000
1/31/96 48382 300 05 1.50 9426168 Commerce Twp $10,000.
39 4/30/96 18.00 06 292 1 $200,000.

UT 11.75 2 149910000426172 373 West  92 $13,429.22 12/23/10 100 $80250
1/23/96 84601 179 05 3.25 9426172 Provo $26,750.
33 1/31/96 18.00 03 170 1 $107,000.


CA 12. 2 206930000426185 9903 Rosecrans  91 $17,515.42 1/1/11 95 $120000
2/1/96 90706 179 05 3.75 9426185 Bellflower $22,000.
44 3/31/96 18.00 02 171 1 $150,000.

CA 12. 2 106930000426199 2344 West Mills  91 $31,875.27 12/8/10 95 $148427
1/8/96 92668 179 05 3.75 9426199 Orange $32,000.
39 2/29/96 18.00 06 170 1 $190,000.


CA 11.75 2 106930000426201 6507 Lindenhurst  91 $47,025.32 12/18/10 95 $251200
1/18/96 90048 179 05 3.50 9426201 Los Angeles $47,100.
28 2/29/96 18.00 06 170 1 $314,000.

CA 12.25 2 106930000426208 4366 Fruit Street 91 $37,135.72 12/16/10 95 $157000
1/16/96 91750 179 05 3.75 9426208 La Verne $42,500.
39 2/29/96 18.00 06 170 1 $210,000.


CA 10.75 2 206910000426220 5341 Avenida  91 $199,859.95 12/24/20 74 $1120000
1/24/96 92067 299 05 2.50 9426220 Rancho Santa Fe $200,000.
23 4/25/96 18.00 02 290 1 $1,800,000.







<PAGE>
MD 10.5 2 124930000426224 9917 Bald Hill  91 $22,800. 2/12/21 90 $182000
3/12/96 20716 299 05 2.25 9426224 Mitchellville $22,800.
34 6/12/96 18.00 00 292 1 $228,000.

CA 12. 2 106910000426225 560 North Cedar  91 $11,237.73 1/18/11 95 $116490
1/18/96 92025 180 05 3.75 9426225 Escondido $11,700.
34 4/18/96 18.00 06 171 1 $135,000.


OR 12. 2 141930000426231 7246 S.e. 34th  91 $68,807.19 1/16/11 95 $240061
1/16/96 97202 180 05 3.75 9426231 Portland $69,400.
34 4/16/96 18.00 02 171 1 $326,000.

OR 12. 2 141930000426272 828 North Rocky  91 $27,869.49 12/18/20 90 $78000
1/18/96 97754 299 05 3.75 9426272 Prineville $28,000.
42 7/18/96 18.00 06 290 1 $118,000.


CA 11.5 2 106930000426277 3075 West  91 $27,791.67 1/4/21 95 $126428
1/4/96 93711 300 05 3.25 9426277 Fresno $27,947.
40 4/4/96 18.00 06 291 1 $162,530.

CA 12. 2 106930000426295 7342 Dover Lane 91 $39,086. 1/4/11 95 $146250
1/4/96 94568 180 05 3.75 9426295 Dublin $39,000.
42 4/4/96 18.00 06 171 1 $195,000.


CA 11. 2 106910000426301 531 San Benito  91 $50,790.3 11/26/20 89 $186000
12/26/95 94025 299 05 2.75 9426301 Menlo Park $92,000.
23 6/26/96 18.00 06 289 1 $314,000.

CA 11.5 2 206920000426332 2004 Sultana  91 $38,626.43 1/2/11 89 $75000
1/31/96 92105 179 05 3.25 9426332 San Diego $40,000.
19 4/2/96 18.00 06 171 1 $130,000.


ID 12.25 2 116910000426343 9070 West  91 $61,500. 12/17/10 95 $328000
1/17/96 83703 179 03 3.75 9426343 Boise $61,500.
45 1/17/96 18.00 06 170 1 $410,000.

CA 12.5 2 106930000426359 3 Moccasin Trail 91 $32,926.47 12/17/10 95 $155944
1/17/96 92679 179 03 4.25 9426359 Trabuco Canyon  $33,000.
50 2/29/96 18.00 02 170 1 $200,000.



<PAGE>
CA 12. 2 106930000426360 1796 Princeton  91 $14,153.11 1/5/21 95 $93000
1/5/96 93637 300 05 3.75 9426360 Madera $14,240.
35 4/5/96 18.00 06 291 1 $113,000.






UT 12. 2 149910000426361 1015 N Murdock  91 $49,840.52 1/12/11 97 $123519
1/12/96 84062 180 05 3.75 9426361 Pleasant Grove $50,000.
47 2/29/96 18.00 02 171 1 $180,000.

WA 12.25 2 153930000426364 23715 Friar  92 $42,786.47 1/8/11 100 $77000
2/8/96 98272 179 05 4.00 9426364 Monroe $43,000.
42 2/8/96 18.00 03 171 1 $120,000.


CO 12. 2 208910000426366 9296 South  91 $49,134.45 12/10/10 92 $106066
1/10/96 80126 179 03 3.75 9426366 Highlands Ranch $50,000.
44 2/29/96 18.00 02 170 1 $170,000.

CA 12. 2 106930000426368 146 Anthony  91 $49,975.34 12/17/10 95 $173807
1/17/96 95060 179 05 3.75 9426368 Santa Cruz $50,000.
36 2/29/96 18.00 06 170 1 $236,000.


CA 8.25 2 106910000426370 28718 Mount  81 $23,130.18 12/10/10 57 $180000
1/10/96 90732 179 05 1.00 9426370 Rancho Palos  $50,000.
40 4/10/96 18.00 06 170 1 $410,000.

CA 9.25 2 106910000426383 13772 Deodar  81 $26,059.61 2/1/21 80 $87462
1/5/96 92705 300 05 1.00 9426383 Santa Ana $39,000.
31 4/1/96 18.00 06 292 1 $160,000.


CA 10.5 2 106910000426390 42 Merrill Circle  81 $172,405.18 12/17/20 71 $666405
1/17/96 94556 299 03 2.25 9426390 Moraga $180,000.
51 4/18/96 18.00 02 290 1 $1,200,000.

NV 12.25 2 132930000426396 9504 Garrycastle  91 $16,950. 12/4/10 95 $121592
1/4/96 89129 179 05 3.75 9426396 Las Vegas $16,950.
33 2/4/96 18.00 01 170 1 $146,000.



<PAGE>
CA 11.75 2 106930000426423 820 Cliffside  92 $43,568.57 1/19/11 100 $111370
1/19/96 95361 180 05 3.25 9426423 Oakdale $43,600.
43 2/19/96 18.00 02 171 1 $155,000.

CA 11. 2 106930000426435 589 Kings Cross  91 $47,792.22 1/12/21 87 $156000
1/12/96 95136 300 05 2.75 9426435 San Jose $48,450.
47 4/12/96 18.00 06 291 1 $237,500.


WA 11.5 2 153930000426449 34420 196th Ave  91 $45,733.12 1/24/11 99 $239000
1/24/96 98092 180 05 3.25 9426449 Auburn $46,500.
36 2/29/96 18.00 02 171 1 $290,000.






FL 9.25 2 112910000426464 2312 Sea Island  81 $47,812.94 12/16/10 70 $649333
1/16/96 33301 179 05 1.00 9426464 Ft. Lauderdale $50,000.
35 7/16/96 18.00 06 170 1 $1,000,000.

FL 12.75 2 112910000426470 4230 Sw 98 Court 91 $100,000. 12/19/10 97 $94000
1/19/96 33165 179 05 4.25 9426470 Miami $100,000.
45 1/19/96 18.00 06 170 1 $200,000.


CA 8.75 2 106910000426474 1466 Camellia  91 $3,024.44 11/4/20 70 $134300
12/4/95 93013 299 05 0.50 9426474 Carpinteria $50,000.
31 3/4/96 18.00 06 289 1 $267,000.

CA 11.5 2 106930000426487 981 Dionne Way 91 $46,397.53 1/23/11 98 $269650
1/23/96 95133 180 05 3.25 9426487 San Jose $50,000.
44 2/23/96 18.00 06 171 1 $329,000.


CA 10.75 2 206910000426491 45800 Abrigo  91 $199,778.37 2/20/11 75 $690000
2/5/96 92210 180 05 2.50 9426491 Indian Wells $200,000.
24 5/20/96 18.00 02 172 1 $1,200,000.

CA 12. 2 206930000426523 8902 Gleneagles  92 $22,770.79 1/1/11 100 $203150
2/1/96 92683 179 05 3.75 9426523 Westminster $22,850.
37 3/30/96 18.00 02 171 1 $226,000.



<PAGE>
GA 8.75 2 113910000426535 1966 Wenlock  91 $24,477.74 12/24/20 53 $66000
1/24/96 30066 299 05 0.50 9426535 Marietta $28,000.
39 4/24/96 18.00 06 290 1 $180,000.

FL 9.25 2 112910000426548 15900 Sw 54  91 $44,021.55 12/23/10 43 $100000
1/23/96 33331 179 05 1.00 9426548 Ft Lauderdale $50,000.
31 8/23/96 18.00 06 170 1 $350,000.


UT 8.5 2 149910000426549 4784 Naniloa  81 $26,416.38 12/26/20 80 $100832
1/26/96 84117 299 01 0.25 9426549 Salt Lake City $50,000.
26 4/26/96 18.00 06 290 1 $190,000.

CA 11.5 2 106930000426556 12050 Spring  92 $34,712.42 12/18/20 100 $105000
1/18/96 91342 299 05 3.25 9426556 Los Angeles $35,000.
41 4/18/96 18.00 03 290 1 $140,000.


CA 9.25 2 106910000426569 2723 Fyler Place 91 $3,533. 1/8/21 76 $108911
1/8/96 90065 300 05 1.00 9426569 Los Angeles $19,100.
50 4/1/96 18.00 06 291 1 $170,000.






CA 8.75 2 106910000426589 5372 Via Apolina 91 $4,959.81 12/15/20 80 $256000
1/15/96 92686 299 03 0.50 9426589 Yorba Linda $23,000.
35 4/15/96 18.00 01 290 1 $350,000.

CA 12. 2 206930000426601 235 Walnut Street 91 $8,855.81 12/18/10 95 $246059
1/18/96 92627 179 05 3.75 9426601 Costa Mesa $38,300.
45 4/18/96 18.00 01 170 1 $300,000.


NV 12.5 2 232910000426605 5510 Lonesome  92 $27,705.55 12/23/10 100 $105000
1/23/96 89113 179 05 4.00 9426605 Las Vegas $28,000.
50 2/28/96 18.00 06 170 1 $133,000.

CA 12.5 2 106930000426619 1447 Country  91 $49,119.4 1/25/11 95 $280000
1/25/96 95401 180 05 4.25 9426619 Santa Rosa $50,000.
42 4/25/96 18.00 01 171 1 $350,000.



<PAGE>
CA 12.25 2 106930000426620 10154 Princess  91 $35,952.28 12/18/10 99 $132000
1/18/96 92071 179 05 3.75 9426620 Santee $36,000.
37 1/18/96 18.00 02 170 1 $170,000.

GA 9.25 2 113910000426626 899 Charles Allen  91 $11,726.51 2/1/21 80 $177000
2/1/96 30308 300 05 1.00 9426626 Atlanta $11,800.
21 5/1/96 18.00 06 292 1 $236,000.


WA 11.5 2 153930000426629 1802 South 246th  91 $19,861.96 12/25/10 91 $93710
1/25/96 98198 179 05 3.25 9426629 Des Moines $20,000.
43 2/29/96 18.00 02 170 1 $125,000.

NV 11.5 2 132930000426631 5618 Morning  92 $13,975.57 1/6/11 100 $117587
2/6/96 89031 179 05 3.25 9426631 North Las Vegas $24,400.
42 2/6/96 18.00 03 171 1 $142,000.


CA 12. 2 106930000426648 2114 Cold Stream  91 $44,674.14 12/26/10 95 $248000
12/26/95 93030 180 03 3.75 9426648 Oxnard $46,500.
45 3/26/96 18.00 00 170 1 $313,000.

CA 12. 2 106930000426649 30557 Seminole  91 $20,776.72 12/18/10 95 $133500
1/18/96 93614 179 05 3.75 9426649 Coarsegold $27,000.
43 2/29/96 18.00 06 170 1 $169,000.


UT 12.75 2 149910000426656 1054 West 2500  91 $27,650. 1/19/11 95 $94732
1/19/96 84043 180 05 4.25 9426656 Lehi $27,800.
46 1/19/96 18.00 06 171 1 $129,000.






CA 12. 2 106930000426662 2421 Reservoir  91 $75,689.96 12/2/10 95 $97911
1/2/96 91760 179 05 3.75 9426662 Norco $77,200.
45 7/2/96 18.00 06 170 1 $185,000.

CA 12.25 2 106930000426669 3260 Britan  91 $49,546.64 12/23/10 99 $347578
1/23/96 94070 179 05 3.75 9426669 San Carlos $50,000.
40 1/23/96 18.00 06 170 1 $405,000.



<PAGE>
FL 12. 2 112930000426670 9460 Haitian  91 $29,570.09 12/26/10 95 $58000
1/26/96 33189 179 05 3.75 9426670 Miami $30,350.
34 7/26/96 18.00 06 170 1 $93,000.

CA 12. 2 206910000426676 6629 Elmhurst  91 $18,604.36 2/7/11 95 $198000
3/7/96 91042 179 05 3.75 9426676 Los Angeles $23,350.
37 6/7/96 18.00 06 172 1 $233,000.


CA 12. 2 106930000426685 2144 South  91 $29,537.84 1/5/11 95 $130937
2/5/96 92802 179 05 3.75 9426685 Anaheim $30,000.
46 5/5/96 18.00 02 171 1 $171,000.

NY 8.75 2 136910000426695 2966 Route 414 81 $13,379.72 12/29/20 74 $50000
1/29/96 14606 299 05 0.50 9426695 Seneca Falls $20,000.
42 4/29/96 18.00 06 290 1 $95,000.


UT 11.75 2 249930000426700 333 West 1330  91 $25,855.73 1/8/21 98 $115919
2/8/96 84321 299 05 3.50 9426700 Logan $26,000.
25 2/8/96 18.00 02 291 1 $146,000.

CA 11.5 2 106930000426734 14 Silverado  91 $9,853.41 1/29/11 91 $117177
1/29/96 93905 180 05 3.25 9426734 Salinas $10,000.
44 4/29/96 18.00 06 171 1 $140,000.


CA 11.75 2 106910000426738 1024 Santa  92 $12,797.06 1/25/11 100 $117000
1/25/96 95404 180 05 3.25 9426738 Santa Rosa $13,000.
41 2/25/96 18.00 06 171 1 $130,000.

WA 11.75 2 253930000426745 812 Northwest  91 $22,513.99 12/23/10 97 $100146
1/23/96 98107 179 05 3.25 9426745 Seattle $25,000.
38 1/23/96 18.00 02 170 1 $130,000.


GA 11. 2 113920000426749 4044 McClatchey  91 $16,964.09 10/27/10 90 $174400
11/27/95 30342 179 05 2.75 9426749 Atlanta $21,800.
29 2/27/96 18.00 00 168 1 $220,000.







<PAGE>
CA 11. 2 106920000426753 5814  91 $24,744.08 12/5/20 90 $184700
1/5/96 95677 299 05 2.75 9426753 Rocklin $31,300.
37 7/5/96 18.00 06 290 1 $240,000.

CA 12. 2 106930000426755 10000 Pali  91 $37,421.05 12/18/10 95 $197855
1/18/96 91042 179 05 3.75 9426755 Tujunga Area $38,500.
41 7/18/96 18.00 02 170 1 $250,000.


MA 8.5 2 225910000426758 247 Summer  81 $14,972.07 1/26/21 77 $207000
1/26/96 01867 300 05 0.25 9426758 Reading $50,000.
25 4/27/96 18.00 06 291 1 $335,000.

WA 12.25 2 153910000426779 21811 Southeast  92 $29,950.27 12/26/10 100 $137000
1/26/96 98038 179 05 3.75 9426779 Maple Valley $30,000.
49 2/29/96 18.00 06 170 1 $168,000.


FL 11.75 2 112930000426783 29615 Sw 143  92 $16,426.32 12/30/10 100 $48750
1/29/96 33033 179 05 3.25 9426783 Leisure City $17,200.
38 1/30/96 18.00 06 171 1 $66,000.

CA 9. 2 106910000426802 1432 East Dalton  91 $34,094.93 12/12/20 68 $103900
1/12/96 91741 299 05 0.75 9426802 Glendora $100,000.
27 4/12/96 18.00 01 290 1 $300,000.


FL 12.25 2 112930000426810 12055 19 LN SW 92 $14,557.04 12/27/10 100 $66403
1/26/96 33175 179 01 3.75 9426810 Miami $15,000.
50 1/26/96 18.00 02 170 1 $82,000.

CA 11.5 2 206930000426811 25531 Hillsboro  91 $49,476.77 12/19/10 95 $225000
1/19/96 92677 179 05 3.25 9426811 Laguna Niguel $50,000.
36 4/19/96 18.00 02 170 1 $290,000.


CA 11.5 2 106930000426815 1930 Springer  91 $19,066.17 12/25/20 94 $97500
1/25/96 92105 299 09 3.25 9426815 San Diego $19,500.
50 4/25/96 18.00 01 290 1 $125,000.

CA 12.5 2 106910000426817 1149 Larch  91 $34,611.65 1/24/21 95 $345000
1/24/96 94556 300 05 4.25 9426817 Moraga $35,000.
50 4/24/96 18.00 06 291 1 $400,000.



<PAGE>
CA 12. 2 206930000426829 4986 Antioch  91 $35,574.43 12/25/10 95 $192000
1/25/96 94587 179 05 3.75 9426829 Union City $36,000.
38 4/25/96 18.00 01 170 1 $240,000.






CA 12.25 2 106930000426830 2025 Eagle  91 $30,981.25 12/25/10 95 $277665
1/25/96 94501 179 05 3.75 9426830 Alameda $31,000.
40 1/25/96 18.00 01 170 1 $325,000.

CO 11.75 2 208930000426854 1750 Sumac Street 92 $34,603.5 12/27/10 100 $131312
1/27/96 80501 179 05 3.25 9426854 Longmont $35,000.
43 2/28/96 18.00 02 170 1 $167,000.


FL 12.25 2 112930000426884 19361 Sw 125  91 $14,177.09 12/27/10 95 $76000
1/26/96 33177 179 05 3.75 9426884 Miami $14,250.
42 1/26/96 18.00 06 170 1 $95,000.

NV 12.25 2 232930000426903 2690 Diamante  92 $30,856.46 2/25/11 100 $88687
2/9/96 89121 180 05 4.00 9426903 Las Vegas $31,000.
42 3/25/96 18.00 06 172 1 $120,000.


CA 11.75 2 106930000426906 11 Villamoura 92 $16,474.37 12/26/10 100 $233000
1/26/96 92679 179 03 3.25 9426906 Dove Canyon $29,000.
33 1/26/96 18.00 06 170 1 $262,000.

CA 8.75 2 106920000426914 12546 Sinatra  91 $34,245.32 1/31/21 80 $287777
1/31/96 90703 300 05 0.50 9426914 Cerritos $40,000.
40 4/30/96 18.00 01 292 1 $410,000.


OR 11.75 2 141930000426916 10290 Southwest  92 $35,872.67 12/4/10 100 $107850
1/4/96 97005 179 05 3.25 9426916 Beaverton $35,900.
27 2/29/96 18.00 01 170 1 $143,800.

CA 11.5 2 206930000426930 921 Nesthorn  91 $33,252.92 12/26/10 100 $136000
1/26/96 92325 179 05 3.25 9426930 Crestline Area $34,000.
38 4/26/96 18.00 02 170 1 $170,000.



<PAGE>
GA 11. 2 213920000426935 221 Waters Way 91 $41,420.55 12/30/20 90 $120000
1/30/96 30188 299 05 2.75 9426935 Woodstock $42,000.
50 4/30/96 18.00 02 291 1 $180,000.

CO 12.25 2 208930000426936 921 Zion Street 92 $25,053.78 1/1/11 100 $48494
2/1/96 80011 179 05 3.75 9426936 Aurora $25,300.
50 3/31/96 18.00 02 171 1 $74,000.


GA 11. 2 213920000426947 720 Laura Court 90 $38,000. 12/5/10 90 $328000
1/5/96 30253 179 03 2.75 9426947 McDonough $38,000.
28 7/5/96 18.00 06 170 1 $410,000.






UT 9.75 2 149910000426982 1330 West  81 $48,714.82 1/26/11 69 $126680
2/26/96 84060 179 05 1.50 9426982 Park City $50,000.
46 5/26/96 18.00 02 171 1 $259,000.

CA 11.5 2 106910000426997 1763 Edgefield  92 $12,140.26 1/9/11 100 $160560
2/9/96 92024 179 05 3.25 9426997 Encinitas $12,450.
35 5/9/96 18.00 01 171 1 $173,000.


CA 11. 2 106910000426999 11830 Oslo Drive 91 $38,579.28 2/7/21 88 $196875
3/7/96 96161 299 03 2.75 9426999 Truckee $39,752.
37 6/7/96 18.00 06 292 1 $270,000.

ID 11.5 2 116930000427000 7591 N Huetter  92 $43,000. 2/12/11 100 $171750
3/12/96 83814 179 05 3.25 9427000 Coeur D'Alene $43,000.
37 0 18.00 02 172 1 $215,000.


NV 9.25 2 232910000427002 8575 Country  81 $65,713.64 1/13/21 75 $100000
2/13/96 89129 299 05 1.00 9427002 Las Vegas $68,000.
32 8/13/96 18.00 00 291 1 $225,000.

CA 12. 2 106920000427005 34 Spicewood  91 $23,366.8 2/13/21 90 $188800
3/13/96 92715 299 09 3.75 9427005 Irvine $23,600.
43 6/13/96 18.00 00 292 1 $236,000.



<PAGE>
UT 12. 2 149930000427008 4348 W Brittney  91 $29,090.77 1/13/21 95 $93831
2/13/96 84120 299 05 3.75 9427008 West Valley City $29,600.
42 5/13/96 18.00 03 291 1 $130,000.

NV 12.25 2 232930000427028 315 Spanish Drive 92 $37,698.93 2/25/11 100 $150250
2/9/96 89110 180 05 4.00 9427028 Las Vegas $37,750.
30 3/25/96 18.00 06 172 1 $188,000.


CA 11. 2 106910000427033 3940 Lime  91 $34,680.37 1/1/21 90 $174000
2/5/96 90807 298 05 2.75 9427033 Long Beach $34,800.
36 5/5/96 18.00 06 291 1 $232,000.

CA 11.25 2 106920000427036 685 Quince Lane 91 $81,703.31 3/26/21 81 $731500
3/26/96 95035 300 03 3.00 9427036 Milpitas $110,000.
35 6/26/96 18.00 06 293 1 $1,045,000.


FL 11.25 2 112920000427040 6457 33rd Ave N 91 $8,818.78 1/22/21 90 $105600
2/22/96 33710 299 05 3.00 9427040 St Petersburg $13,200.
20 5/22/96 18.00 06 291 1 $132,000.






CA 10.5 2 106920000427044 25 Brookside  91 $48,705.58 1/23/21 87 $583200
1/23/96 94947 300 05 2.25 9427044 Novato $49,500.
37 4/23/96 18.00 06 291 1 $729,000.

CA 12. 2 106930000427049 15001 Ridgetop  91 $31,209.35 12/22/10 95 $170400
1/22/96 95127 179 05 3.75 9427049 San Jose $31,900.
31 7/22/96 18.00 01 170 1 $213,000.


CO 11.75 2 208930000427056 1915 South  91 $15,943.93 12/26/10 100 $92000
1/26/96 80210 179 05 3.25 9427056 Denver $16,000.
40 1/26/96 18.00 06 170 1 $108,000.

VA 10.75 2 151920000427057 3479 Pence Court 91 $3,812.76 1/25/21 89 $203000
1/25/96 22003 300 05 2.50 9427057 Annandale $25,000.
29 4/25/96 18.00 06 291 1 $258,000.



<PAGE>
CA 9.75 2 106910000427073 2784 South  91 $20,942.07 12/29/20 80 $198442
1/29/96 91789 299 05 1.50 9427073 Walnut $48,000.
49 4/29/96 18.00 06 290 1 $310,000.

FL 11.75 2 112930000427083 621 Nw 29th  92 $26,000. 12/31/10 100 $128000
1/31/96 33125 179 05 3.25 9427083 Miami $32,000.
32 1/31/96 18.00 00 171 1 $161,000.


CO 9. 2 208910000427084 5289 East 114th  81 $7,026.91 12/31/20 80 $91000
1/31/96 80233 299 05 0.75 9427084 Thornton $14,600.
28 4/30/96 18.00 06 291 1 $132,000.

UT 12. 2 149920000427092 10239 South 535  91 $17,208.59 2/2/21 90 $101250
2/2/96 84070 300 05 3.75 9427092 Sandy $20,250.
44 5/2/96 18.00 06 292 1 $135,000.


AL 8.25 2 101910000427117 6104 Coronado  81 $5,299.59 12/3/20 80 $54002
1/3/96 36693 299 05 1.00 9427117 Mobile $12,500.
25 4/3/96 18.00 06 290 1 $84,000.

CA 9.75 1 106910000427118 2453 Oak Knoll  81 $69,303.97 2/23/21 20 $0
2/23/96 91108 300 05 1.50 9427118 San Marino $120,000.
50 5/1/96 18.00 06 292 1 $625,000.


WA 12. 2 153930000427131 4614 Holly Lane  91 $22,372.65 12/25/10 94 $127000
1/25/96 98335 179 05 3.75 9427131 Gig Harbor $28,000.
42 4/25/96 18.00 06 170 1 $165,000.






CA 11. 2 106920000427133 1922 Burnside  92 $3,666.15 9/17/20 88 $163000
10/17/95 94521 299 03 2.75 9427133 Concord $20,000.
44 1/17/96 18.00 01 287 1 $210,000.

IL 10.5 2 117920000427136 227 So Ohio  91 $6,702.74 1/3/21 90 $107581
2/3/96 61550 299 05 2.25 9427136 Morton $36,000.
39 5/3/96 18.00 03 291 1 $160,000.



<PAGE>
UT 11.75 2 149930000427143 8770 West 10400  91 $8,816. 1/14/21 95 $56430
2/14/96 84337 299 05 3.50 9427143 Tremonton $10,000.
25 8/14/96 18.00 03 291 1 $70,000.

CA 12.25 2 106930000427145 26 Mayfield  91 $30,607.45 1/26/11 100 $239000
1/26/96 94015 180 05 3.75 9427145 Daly City $31,000.
50 1/26/96 18.00 02 171 1 $270,000.


WA 12. 2 153930000427150 8917 Southeast  91 $97,592.91 12/30/10 94 $422500
1/30/96 98040 179 03 3.75 9427150 Mercer Island $100,000.
45 7/30/96 18.00 01 171 1 $560,000.

MD 12. 2 124930000427156 7203 Leyte Drive 91 $9,125. 2/1/11 94 $89950
2/1/96 20745 180 05 3.75 9427156 Oxon Hill $10,000.
32 3/31/96 18.00 06 172 1 $107,000.


FL 9.25 2 112910000427161 4282 West 7th  81 $12,127.79 12/31/10 78 $72000
1/31/96 33012 179 05 1.00 9427161 Hialeah $17,600.
37 7/31/96 18.00 00 171 1 $115,000.

CA 12. 2 106930000427175 9550 Adolphia  92 $34,739.3 1/5/10 100 $199691
2/5/96 92129 167 05 3.75 9427175 San Diego $35,000.
44 2/5/96 18.00 02 159 1 $237,000.


CA 11.75 2 206930000427185 2406 Greenwich  92 $28,771.54 1/29/11 100 $261000
1/25/96 95765 180 05 3.25 9427185 Rocklin $29,000.
41 1/25/96 18.00 06 171 1 $290,000.

CA 11.75 2 206910000427195 10568 Dolecetto  92 $17,605.36 12/25/10 100 $102000
1/25/96 95670 179 05 3.25 9427195 Rancho Cordova $18,000.
31 2/29/96 18.00 06 170 1 $120,000.


UT 8.5 2 149910000427203 752 East Corner  91 $28,425.59 1/15/21 79 $174346
2/15/96 84020 299 05 0.25 9427203 Draper $35,000.
22 5/15/96 18.00 03 291 1 $265,000.







<PAGE>
CA 11.5 2 206930000427215 15002 La Fonda 91 $30,615.03 1/13/11 100 $179000
2/13/96 90638 179 05 3.25 9427215 La Mirada $31,000.
39 2/13/96 18.00 02 171 1 $210,000.

NM 11.75 2 135930000427231 1801 Bryn Mawr  92 $43,171.5 2/8/11 100 $61564
2/8/96 87106 180 05 3.25 9427231 Albuquerque $43,400.
25 4/1/96 18.00 06 172 1 $105,000.


FL 11. 2 112920000427243 3007 West San  91 $16,487.16 1/21/21 90 $123750
2/21/96 33629 299 05 2.75 9427243 Tampa $24,750.
25 5/21/96 18.00 02 291 1 $165,000.

CA 12. 2 106930000427247 581 20th Street 91 $18,481.87 1/1/11 94 $294749
2/1/96 90254 179 05 3.75 9427247 Hermosa Beach $50,000.
27 5/1/96 18.00 02 171 1 $370,000.


GA 10.25 2 213910000427258 5519 Old  80 $23,463.3 1/7/11 70 $59186
2/7/96 30001 179 05 2.00 9427258 Austell $25,500.
45 8/7/96 24.00 06 171 1 $121,000.

CA 8.25 2 106920000427262 449 Fairway Drive 91 $44,342.34 1/2/21 89 $424000
2/2/96 94019 299 03 3.25 9427262 Half Moon Bay $45,000.
50 8/2/96 18.00 00 291 1 $530,000.


CA 11.5 2 106930000427266 180 E Rincon  91 $35,075.71 12/24/20 88 $201750
1/24/96 95008 299 05 3.25 9427266 Cambell $36,250.
50 4/24/96 18.00 06 290 1 $271,000.

CA 10.5 2 106920000427268 844 Bend Avenue 91 $15,362.96 12/24/20 82 $187500
1/24/96 95136 299 05 2.25 9427268 San Jose $15,500.
42 4/24/96 18.00 06 290 1 $250,000.


CA 11.5 2 106910000427269 126 Alta Mesa  81 $39,869.31 1/19/11 78 $172000
1/19/96 94080 180 05 3.00 9427269 South San  $50,000.
25 2/29/96 18.00 06 171 1 $285,000.

CA 12. 2 106920000427275 99 Pampas Lane 91 $23,498.46 12/26/20 89 $192000
1/26/96 95540 299 05 3.75 9427275 Fortuna $24,500.
46 4/26/96 18.00 06 290 1 $245,000.



<PAGE>
CA 10.5 2 106920000427280 2380 Kehoe  91 $36,730.55 12/29/20 90 $184500
1/29/96 94403 299 05 2.25 9427280 San Mateo $36,900.
38 4/29/96 18.00 00 290 1 $246,000.






WA 12.25 2 253910000427286 246 South 186th  91 $38,550.36 12/22/10 94 $92855
1/22/96 98148 179 05 3.75 9427286 Seattle $39,000.
42 1/22/96 18.00 02 170 1 $141,000.

CA 12. 2 206930000427290 2401 Snead Drive 91 $29,119.93 1/1/11 94 $186400
2/1/96 91803 179 05 3.75 9427290 Alhambra $32,000.
34 5/1/96 18.00 03 171 1 $233,000.


CO 12.25 2 208930000427295 2329 South  91 $20,375.27 1/1/11 95 $103998
2/1/96 80228 179 05 3.75 9427295 Lakewood $20,400.
32 3/31/96 18.00 02 171 1 $131,000.

CA 10.25 2 106920000427306 653 Doral Drive 91 $33,440.45 1/2/21 89 $183750
2/2/96 94526 299 01 2.00 9427306 Danville $34,000.
26 5/2/96 18.00 01 291 1 $245,000.


CA 11. 2 106930000427315 133 Lucinda Lane 91 $67,035.74 1/24/21 90 $250000
1/24/96 94523 300 05 2.75 9427315 Pleasant Hill $69,500.
41 4/24/96 18.00 01 291 1 $355,000.

ID 11.5 2 116930000427318 12390 Longstreet  91 $19,505.79 1/1/11 94 $47751
2/1/96 83644 179 05 3.25 9427318 Middleton $20,000.
35 8/1/96 18.00 06 171 1 $72,500.


WA 12. 2 153930000427333 1375  91 $19,287.76 1/6/21 93 $104900
2/6/96 98223 299 05 3.75 9427333 Arlington $20,000.
44 5/6/96 18.00 03 291 1 $135,000.

NJ 10.25 2 134920000427357 61 Huntting Drive 91 $13,798.98 1/9/21 90 $126215
2/9/96 07628 299 05 2.00 9427357 Dumont $25,000.
29 5/9/96 18.00 06 291 1 $168,000.



<PAGE>
CA 10.5 2 106920000427413 826 Kipling  91 $33,045.29 12/19/20 90 $167250
1/19/96 94080 299 05 2.25 9427413 South San  $33,450.
40 4/19/96 18.00 00 290 1 $223,000.

CA 11.5 2 106930000427416 17345 Caine  91 $32,823.08 1/3/11 95 $176000
2/3/96 90701 179 05 3.25 9427416 Artesia $33,000.
42 2/3/96 18.00 00 171 1 $220,000.


MA 10.75 2 225910000427422 79 Everett Street 91 $19,910.78 1/8/21 81 $190000
2/8/96 02174 299 05 2.50 9427422 Arlington $20,000.
37 5/8/96 18.00 06 291 1 $260,000.






MA 10.25 2 225920000427427 201 East  91 $3,747.61 1/23/21 88 $139200
2/23/96 01826 299 05 2.00 9427427 Dracut $14,000.
23 5/23/96 18.00 01 291 1 $175,000.

OR 8.25 2 141910000427429 4651 Southwest  81 $35,091.38 1/7/21 78 $130000
2/7/96 97756 299 05 1.00 9427429 Redmond $37,000.
50 5/7/96 18.00 00 291 1 $215,000.


GA 11. 2 213920000427450 7755  90 $14,200. 1/8/11 90 $71250
2/8/96 30236 179 05 2.75 9427450 Jonesboro $14,200.
41 8/8/96 18.00 00 171 1 $95,000.

CA 12. 2 106910000427466 27723 Paradise  92 $48,104.12 2/5/11 100 $153000
2/5/96 93611 180 05 3.75 9427466 Clovis $50,000.
44 2/5/96 18.00 06 172 1 $204,000.


UT 11.5 2 249930000427489 2004 West 1700  92 $17,958.14 2/16/21 100 $72000
2/16/96 84041 300 05 3.25 9427489 Layton $18,000.
40 2/29/96 18.00 01 292 1 $90,000.

CA 11.5 2 106920000427498 2776 West Yale  91 $19,625.29 1/8/21 90 $153000
2/8/96 92801 299 05 3.25 9427498 Anaheim $20,000.
36 5/8/96 18.00 06 291 1 $192,500.



<PAGE>
FL 12.5 2 212930000427507 2244 Archer  91 $17,632.5 2/8/11 95 $61794
3/8/96 32926 179 05 4.25 9427507 Cocoa $18,000.
51 9/8/96 18.00 06 172 1 $84,000.

UT 12.5 2 149930000427545 4083 South 4425  92 $62,624.38 1/21/21 100 $78839
2/21/96 84120 299 05 4.25 9427545 West Valley City $62,600.
49 2/21/96 18.00 03 291 1 $141,500.


CO 11. 2 208920000427567 12423 West 68th  91 $49,802.55 2/1/21 84 $96433
3/1/96 80004 299 05 2.75 9427567 Arvada $50,000.
45 3/1/96 18.00 00 292 1 $175,000.

CA 12. 2 106930000427569 1123 Hearth Court 91 $13,940.85 2/15/11 95 $190000
3/15/96 95120 179 09 3.75 9427569 San Jose $14,200.
43 6/15/96 18.00 03 172 1 $215,000.


CA 12. 2 106930000427572 6017 Sky Ranch  91 $18,714.55 12/23/10 95 $101600
1/23/96 93306 179 05 3.75 9427572 Bakersfield $19,000.
41 4/23/96 18.00 02 170 1 $127,000.






CO 8.75 2 108910000427585 105 Stanford  81 $17,419.87 12/26/20 60 $100000
1/26/96 80863 299 05 0.50 9427585 Woodland Park $20,000.
42 4/26/96 18.00 03 290 1 $200,000.

CA 11.75 2 106930000427588 335 East Aspen  92 $9,991.16 1/30/11 100 $125237
1/30/96 93654 180 05 3.25 9427588 Reedley $10,000.
43 1/30/96 18.00 06 172 1 $136,000.


CA 11.5 2 106930000427594 1478 Coventry  91 $27,047.7 2/2/11 95 $153600
2/2/96 94518 180 05 3.25 9427594 Concord $28,800.
40 5/2/96 18.00 06 172 1 $192,000.

CA 12.25 2 206910000427595 747 10th Street 81 $44,946.69 1/13/21 79 $90800
2/13/96 92101 299 05 4.00 9427595 San Diego $78,000.
35 3/25/96 18.00 06 291 1 $215,000.



<PAGE>
CA 8.75 2 106910000427599 303 Deerfield  81 $20,652.32 1/31/21 78 $318750
1/31/96 94556 300 05 0.50 9427599 Moraga $25,000.
40 4/30/96 18.00 06 292 1 $445,000.

OR 12. 2 141910000427607 16616 N.e. Couch  91 $11,428.51 1/6/11 95 $88204
2/6/96 97230 179 05 3.75 9427607 Portland $11,700.
32 2/6/96 18.00 06 171 1 $105,500.


CA 12. 2 106930000427619 29090 Kimberly  91 $24,549.4 2/12/21 92 $93750
2/12/96 92555 300 05 3.75 9427619 Moreno Valley $25,000.
45 5/12/96 18.00 00 292 1 $130,000.

CA 12. 2 106930000427634 584 Lillian Way 91 $49,112.45 1/1/21 93 $197792
2/1/96 90004 299 05 3.75 9427634 Los Angeles $50,000.
40 5/1/96 18.00 03 291 1 $268,000.


CA 12. 2 106930000427684 839 Niantic  91 $48,924.07 1/7/11 95 $153000
2/7/96 94014 179 05 3.75 9427684 Daly City $49,300.
42 2/7/96 18.00 01 171 1 $213,000.

CA 11. 2 106920000427688 5335 Rio Plata  91 $6,384.2 1/5/21 90 $104200
2/5/96 92057 299 05 2.75 9427688 Oceanside $53,300.
38 5/5/96 18.00 01 291 1 $175,000.


CA 12.5 2 106930000427691 5751 Braeloch  91 $53,247.87 2/9/11 99 $240000
2/9/96 93510 180 05 4.25 9427691 Acton $56,000.
50 3/9/96 18.00 06 172 1 $300,000.






CO 10.25 2 108920000427705 6830 Eastmoor  91 $3,001.01 1/7/21 90 $207000
2/7/96 80237 299 05 2.00 9427705 Denver $26,000.
20 5/7/96 18.00 06 291 1 $260,000.

CA 10.5 2 106920000427706 2897 Chateau  91 $20,113.82 1/9/21 87 $274400
2/9/96 92651 299 05 2.25 9427706 Laguna Beach $21,000.
40 8/9/96 18.00 01 291 1 $343,000.



<PAGE>
MI 10.25 2 126920000427707 1703 Alma 91 $11,485.82 2/6/11 89 $51582
2/6/96 48327 180 05 2.00 9427707 Waterford $12,000.
29 5/6/96 18.00 06 172 1 $72,000.

CA 12.25 2 106930000427713 21057 Glenwold  91 $26,177.72 1/1/11 95 $156582
2/1/96 91765 179 05 3.75 9427713 Diamond Bar $42,900.
34 2/1/96 18.00 06 171 1 $210,000.


CA 10.25 2 206910000427720 6720  81 $93,779.03 1/6/21 75 $500000
2/6/96 90265 299 05 2.00 9427720 Malibu $95,000.
50 8/6/96 18.00 06 291 1 $800,000.

UT 12.5 2 149930000427728 8137 Pheasant  92 $40,436.46 1/9/11 100 $96225
2/9/96 84008 179 05 4.25 9427728 West Jordan $41,000.
48 2/9/96 18.00 06 171 1 $138,000.


WA 11.5 2 153930000427737 8209 181st  91 $9,948.62 12/26/20 92 $101000
1/27/96 98390 298 05 3.25 9427737 Bonney Lake $10,000.
43 4/27/96 18.00 06 290 1 $121,000.

WA 11.75 2 253930000427748 5339 Broadview  91 $38,963.03 1/8/11 98 $200000
2/8/96 98422 179 05 3.25 9427748 Tacoma $40,000.
44 3/29/96 18.00 02 171 1 $245,000.


CA 11. 2 106920000427761 3916 Park  91 $98,676.98 1/8/21 83 $975000
2/8/96 91302 299 05 2.75 9427761 Calabasas $100,000.
40 8/8/96 18.00 01 291 1 $1,300,000.

WA 12.5 2 153930000427768 23101 Northeast  91 $15,976.87 1/5/11 95 $230500
2/5/96 98053 179 05 4.25 9427768 Redmond $16,500.
49 8/5/96 18.00 02 171 1 $260,000.


CA 12. 2 206930000427780 1299 East  91 $16,079.3 1/1/11 95 $61500
2/1/96 91106 179 01 3.50 9427780 Pasadena $16,400.
21 2/1/96 18.00 01 171 1 $82,000.







<PAGE>
CA 12. 2 106930000427794 1501 Garfield  91 $32,801.81 1/22/11 94 $171684
2/22/96 94928 179 05 3.75 9427794 Rohnert Park $32,700.
46 5/22/96 18.00 02 171 1 $218,000.

ID 11. 2 116930000427800 1420 N Harrison  91 $35,005.89 1/14/21 90 $202500
2/14/96 83702 299 05 2.75 9427800 Boise $40,500.
27 8/14/96 18.00 06 291 1 $270,000.


MN 8.5 2 227910000427803 16817 Blemheim  81 $20,301.85 2/23/21 67 $100000
2/23/96 55345 300 05 0.25 9427803 Minnetonka $50,000.
10 8/23/96 18.00 01 292 1 $224,000.

CA 13.25 2 106930000427809 28522 Silverton  91 $52,650. 2/8/11 95 $246180
2/8/96 92677 180 03 4.75 9427809 Laguna Niguel $52,650.
48 3/31/96 18.00 06 172 1 $315,000.


GA 12. 2 113930000427812 1735 Indian  91 $23,628.65 1/12/11 95 $118148
2/12/96 30185 179 05 3.75 9427812 Woodstock $24,300.
50 8/12/96 18.00 06 171 1 $150,000.

CA 12. 2 106930000427815 487 Love Lane 91 $66,067.31 12/26/10 95 $203150
1/26/96 94526 179 05 3.75 9427815 Danville $67,600.
44 7/26/96 18.00 01 170 1 $285,000.


MN 11. 2 127920000427819 11010 51st Ave  91 $25,933.04 2/1/21 89 $145500
1/31/96 55442 300 05 2.75 9427819 Plymouth $26,000.
44 5/1/96 18.00 02 292 1 $194,000.

UT 9.25 2 149910000427820 1205 West  81 $10,003.57 1/19/21 68 $102000
2/19/96 84095 299 05 1.00 9427820 South Jordan $20,000.
37 8/19/96 18.00 06 291 1 $179,400.


GA 12. 2 213910000427825 2852 Wynford  90 $25,200. 1/29/11 95 $104000
2/29/96 30064 179 03 3.75 9427825 Marietta $25,200.
38 8/29/96 24.00 06 171 1 $136,000.

CO 12. 2 208930000427829 15600 El Dorado  91 $46,581.91 1/14/11 95 $161914
2/14/96 80118 179 05 3.75 9427829 Larkspur $47,500.
38 5/15/96 18.00 06 171 1 $220,500.



<PAGE>
CA 8.75 2 106910000427830 22500 Banducci  81 $15,306.97 1/12/21 62 $135000
2/12/96 93561 299 05 0.50 9427830 Tehachapi $25,000.
27 8/12/96 18.00 01 291 1 $260,000.






CT 11. 2 209920000427834 110 Bowery Road 91 $33,364.57 4/1/21 90 $434735
5/7/96 06840 298 05 2.75 9427834 New Canaah $70,000.
35 8/30/96 18.00 03 294 1 $566,000.

CA 12.25 2 206930000427854 606 Mistletoe  92 $35,500. 1/26/11 100 $133600
2/26/96 92083 179 05 4.00 9427854 Vista $35,500.
31 2/27/96 18.00 02 171 1 $169,100.


CA 9.25 2 106910000427895 27741 Elena Road 81 $32,211.34 2/16/21 65 $325000
2/16/96 94022 300 05 1.00 9427895 Los Altos Hills $80,000.
45 5/16/96 18.00 06 292 1 $630,000.

CA 12. 2 206930000427902 24382 Zandra  92 $46,735.48 1/20/11 100 $240500
2/20/96 92691 179 05 3.75 9427902 Mission Viejo $63,400.
41 2/20/96 18.00 02 171 1 $304,000.


CO 11.5 2 208930000427913 2704 South Kline  91 $19,685.57 1/9/11 99 $153000
2/9/96 80227 179 05 3.25 9427913 Lakewood $37,000.
44 2/9/96 18.00 02 171 1 $192,500.

GA 11.5 2 113930000427915 2381 Shoreview  91 $20,319.75 1/14/11 95 $150683
2/14/96 30174 179 05 3.25 9427915 Suwanee $21,000.
34 8/14/96 18.00 06 171 1 $181,000.


CA 12. 2 106930000427924 320 Topaz Street 91 $27,693.67 4/1/11 95 $152400
3/14/96 94062 180 05 3.75 9427924 Redwood City $28,575.
37 9/14/96 18.00 00 174 1 $190,500.

CA 9. 2 106910000427925 1925 Cerro  81 $40,753.04 1/16/21 80 $207000
2/16/96 90039 299 05 0.75 9427925 Los Angeles $57,000.
26 5/17/96 18.00 01 291 1 $330,000.



<PAGE>
CO 8.75 2 208910000427934 285 Viking Court 81 $9,054.82 1/1/11 50 $115000
2/13/96 80516 178 05 0.50 9427934 Erie $20,000.
38 5/13/96 18.00 06 171 1 $275,000.

ID 10.5 2 116910000427955 13580 Mokins  91 $22,690. 2/14/21 90 $133000
2/14/96 83835 300 05 2.25 9427955 Hayden $22,600.
44 5/14/96 18.00 06 292 1 $173,000.


GA 12. 2 113930000427986 103 Quail Run  91 $13,788.23 1/15/11 95 $90300
2/15/96 30281 179 05 3.75 9427986 Stockbridge $14,200.
37 8/15/96 18.00 02 171 1 $110,000.






CA 11.5 2 106930000427998 6050 East Ladera  91 $43,505.02 1/8/11 97 $129059
2/8/96 92807 179 09 3.25 9427998 Anaheim $44,000.
44 2/8/96 18.00 02 171 1 $180,000.

FL 10.25 2 112920000428003 4200 Nw 35th  91 $16,730.9 1/15/21 90 $90000
2/15/96 33309 299 05 2.00 9428003 Lauderdale Lakes $18,000.
26 8/15/96 18.00 06 291 1 $120,000.


CA 10.5 2 106920000428008 3 Meadow Drive 91 $34,807.86 1/14/21 90 $176250
2/14/96 95006 299 05 2.25 9428008 Boulder Creek $35,250.
45 5/14/96 18.00 06 291 1 $235,000.

OR 12. 2 141930000428012 3636 Sw Kelly  91 $19,797.29 1/15/11 91 $96750
2/15/96 97201 179 05 3.75 9428012 Portland $19,800.
49 2/15/96 18.00 06 171 1 $129,000.


CA 10.5 2 106920000428028 2948 North  91 $30,001.39 1/26/21 89 $310000
2/26/96 94002 299 05 2.25 9428028 Belmont $50,000.
45 5/26/96 18.00 06 291 1 $405,000.

CA 12. 2 106930000428058 216 Richardson  91 $65,427. 2/5/11 95 $360000
3/5/96 94941 179 05 3.75 9428058 Mill Valley $67,500.
42 4/30/96 18.00 00 172 1 $450,000.



<PAGE>
CA 12.5 2 206930000428071 9429 Farigrove  91 $25,489.52 2/10/11 94 $82500
1/26/96 92129 180 05 4.00 9428071 San Diego $25,500.
32 3/1/96 18.00 06 172 1 $116,000.

FL 11.5 2 112930000428073 10000 Nw 35th  91 $18,672.39 2/8/11 96 $165264
2/8/96 33024 180 05 3.25 9428073 Hollywood $18,700.
37 2/29/96 18.00 06 172 1 $192,000.


AZ 12. 2 104910000428078 504 West Tucson  91 $14,966.56 2/14/21 90 $44698
2/14/96 86001 300 05 3.75 9428078 Flagstaff $15,000.
42 5/14/96 18.00 02 292 1 $67,000.

CA 11. 2 106920000428094 7933 Winthrope  91 $26,631.45 3/29/11 90 $99000
3/29/96 94605 180 05 2.75 9428094 Oakland $27,000.
42 6/29/96 18.00 01 173 1 $140,000.


VA 12.5 2 151930000428096 1170 Queen Anne  92 $26,474. 12/21/10 100 $203000
12/21/95 22406 180 05 3.75 9428096 Hartwood $27,000.
49 1/31/96 18.00 06 170 1 $232,000.






CA 12.25 2 206930000428097 3212 Division  91 $24,940.3 1/26/11 100 $126400
2/26/96 90065 179 05 4.00 9428097 Los Angeles $25,000.
45 3/31/96 18.00 06 171 1 $152,000.

CA 10.5 2 106920000428102 13241 Yorba  91 $19,000.49 12/26/20 88 $149000
1/26/96 92705 299 05 2.25 9428102 Santa Ana Area $36,700.
44 7/26/96 18.00 06 290 1 $213,000.


WA 12.5 2 153930000428105 202 Northeast  91 $40,000. 1/16/11 95 $159342
2/16/96 98685 179 05 4.25 9428105 Vancouver $40,100.
50 2/16/96 18.00 06 171 1 $210,000.

MD 12. 2 124910000428115 9506 Fox Run  91 $13,998.08 3/5/11 95 $143650
3/5/96 20735 180 05 3.75 9428115 Clinton $14,000.
33 4/30/96 18.00 06 173 1 $166,000.



<PAGE>
FL 11.5 2 112920000428128 7273 Sw 53rd Ave 91 $49,509.71 1/15/21 81 $163000
2/15/96 33143 299 05 3.25 9428128 Miami $50,000.
50 8/15/96 18.00 03 291 1 $266,000.

CA 11.5 2 106910000428140 523 Cuesta Place 92 $46,974.25 1/6/11 100 $188000
2/6/96 93420 179 05 3.25 9428140 Arroyo Grande $47,000.
42 2/6/96 18.00 06 171 1 $235,000.


CA 12. 2 106930000428145 1009 Vereda  91 $34,690.5 1/16/11 94 $149000
2/16/96 92231 179 05 3.75 9428145 Calexico $34,700.
45 2/16/96 18.00 06 171 1 $196,500.

CO 12.5 2 108930000428156 2300 S. Newton  91 $29,275.84 2/8/06 93 $84000
2/8/96 80219 120 05 4.25 9428156 Denver $30,000.
49 5/8/96 18.00 02 112 1 $123,000.


WA 11.5 2 153920000428181 5712 149th Street  91 $25,439.93 2/12/21 90 $127500
2/12/96 98208 300 05 3.25 9428181 Everett $25,500.
46 5/12/96 18.00 06 292 1 $170,000.

CA 10.5 2 106920000428195 38104 Cambridge  91 $29,740.83 3/19/21 88 $245000
3/19/96 94536 300 05 2.25 9428195 Fremont $30,600.
39 6/19/96 18.00 06 293 1 $315,000.


WA 11.75 2 253930000428199 3608 North 12th  91 $44,404.86 1/9/11 95 $96584
2/9/96 98406 179 05 3.25 9428199 Tacoma $45,500.
44 3/29/96 18.00 02 171 1 $150,000.






CA 12. 2 106930000428206 1078 Vista Pointe  91 $43,168.22 1/13/11 95 $232000
2/13/96 94583 179 03 3.75 9428206 San Ramon $43,500.
41 2/13/96 18.00 00 171 1 $290,000.

CA 11. 2 106920000428210 15 Claremont  91 $53,850.81 1/26/21 90 $437300
2/26/96 92679 299 03 2.75 9428210 Coto De Caza  $54,650.
44 5/26/96 18.00 06 291 1 $547,000.



<PAGE>
UT 12. 2 149930000428212 5481 S  91 $21,086.99 1/26/11 94 $73000
2/26/96 84118 179 05 3.75 9428212 Bennion $21,500.
15 5/26/96 18.00 06 171 1 $101,500.

AZ 9. 2 104920000428216 16021 North 59th  81 $23,518.71 1/21/21 80 $127500
2/21/96 85254 299 05 0.75 9428216 Scottsdale $27,000.
16 8/21/96 18.00 01 291 1 $194,000.


CA 12. 2 106910000428218 1019 Clark Street 91 $28,900.09 3/1/11 95 $127480
2/23/96 94559 180 05 3.75 9428218 Napa $29,250.
35 5/23/96 18.00 06 173 1 $165,000.

CA 12.25 2 106930000428225 15891 Pilgram  92 $49,856.04 1/28/11 100 $169657
2/28/96 92647 179 05 3.75 9428225 Huntington Beach $50,000.
41 5/28/96 18.00 06 171 1 $220,000.


CA 10.5 2 106920000428226 132 Manhattan  91 $24,760.59 1/22/21 90 $375500
2/22/96 90254 299 01 2.25 9428226 Hermosa Beach $25,000.
42 5/22/96 18.00 00 291 1 $445,000.

CA 11.5 2 106930000428233 1759 Brooks  91 $42,482.51 2/23/11 93 $254400
2/23/96 94403 180 05 3.25 9428233 San Mateo $47,700.
37 5/23/96 18.00 06 172 1 $327,000.


CA 11.5 2 106930000428234 2128 Terrace Way 92 $32,624.82 2/21/11 100 $200000
2/21/96 95404 180 05 3.25 9428234 Santa Rosa $33,000.
44 3/21/96 18.00 02 172 1 $233,000.

CA 12. 2 106930000428242 9 Pepper Court 91 $25,142.18 1/22/11 94 $152900
2/22/96 90302 179 05 3.75 9428242 Inglewood $30,000.
44 3/31/96 18.00 06 171 1 $195,000.


CA 12.25 2 206930000428278 6984 Sandleford  91 $26,944.49 1/24/11 94 $144000
2/24/96 92139 179 05 4.00 9428278 San Diego $27,000.
39 3/31/96 18.00 02 171 1 $182,000.







<PAGE>
CA 9.25 2 106910000428285 1181 South  81 $11,352.44 3/15/11 70 $230000
3/15/96 91361 180 03 1.00 9428285 Thousand Oaks $11,500.
45 6/15/96 18.00 06 173 1 $345,000.

CO 10.5 2 208920000428286 2664 Dahlia Street 91 $5,185.36 1/16/21 90 $90000
2/16/96 80207 299 05 2.25 9428286 Denver $18,000.
38 5/16/96 18.00 06 291 1 $120,000.


CA 12. 2 106930000428290 343 Columbia  91 $9,954. 2/9/11 95 $150519
2/9/96 94510 180 03 3.75 9428290 Benicia $10,000.
37 5/9/96 18.00 06 172 1 $169,000.

WI 11. 2 155920000428291 2195 140th  91 $9,981.32 3/1/21 87 $65700
2/8/96 54024 300 05 2.75 9428291 St. Croix Falls $10,000.
34 6/1/96 18.00 06 293 1 $88,000.


VA 12. 2 151930000428292 110 Slack Lane  91 $34,219.53 2/9/11 98 $133500
2/9/96 22075 180 03 3.75 9428292 Leesburo $35,000.
46 2/9/96 18.00 06 172 1 $173,000.

CO 12. 2 208930000428296 541 Autumn Place 92 $22,993.7 1/16/11 100 $84900
2/16/96 80817 179 05 3.75 9428296 Fountain $23,000.
35 2/16/96 18.00 06 171 1 $108,000.


CA 11. 2 106910000428305 4 Colonial Place 91 $5,410.91 2/22/21 90 $320000
2/22/96 94061 300 05 2.75 9428305 Redwood City $89,500.
44 5/22/96 18.00 06 292 1 $455,000.

UT 12.5 2 249930000428316 578 North 800  91 $23,655.76 2/27/11 95 $90000
2/27/96 84057 180 05 4.25 9428316 Orem $24,000.
34 8/27/96 18.00 03 172 1 $120,000.


CA 12. 2 106910000428317 504 Alpine Hills  92 $45,787.46 2/16/11 100 $253828
2/16/96 91901 180 05 3.75 9428317 Alpine $45,800.
50 3/16/96 18.00 02 172 1 $300,000.

FL 12. 2 112930000428318 825 Daffodil  91 $20,743.12 1/20/11 95 $108900
2/20/96 33414 179 05 3.75 9428318 West Palm Beach $25,900.
27 8/20/96 18.00 03 171 1 $142,000.



<PAGE>
FL 11.75 2 112930000428322 1498 Ne 173rd St 91 $16,513.26 1/22/21 95 $65250
2/22/96 33162 299 05 3.50 9428322 North Miami  $17,400.
30 8/22/96 18.00 02 291 1 $87,000.






NJ 11.25 2 134930000428332 27 E Concord  92 $25,990.56 2/1/11 100 $107963
3/1/96 07480 179 01 3.00 9428332 West Milford $30,000.
28 4/30/96 18.00 06 172 1 $138,000.

FL 11.5 2 112910000428335 1040 Alfonso  81 $95,332.84 3/18/11 71 $343750
3/13/96 33146 180 05 3.25 9428335 Coral Gables $100,000.
33 9/13/96 18.00 02 173 1 $625,000.


MD 10.5 2 124920000428337 12732  91 $14,101.17 3/1/21 90 $122000
2/21/96 20715 300 05 2.25 9428337 Bowie $33,700.
32 6/1/96 18.00 06 293 1 $173,000.

UT 12.5 2 149930000428357 1549 East 400  92 $66,344.49 2/28/11 100 $73455
2/28/96 84062 180 05 4.25 9428357 Pleasant Grove $66,400.
46 3/31/96 18.00 06 173 1 $140,000.


CO 12. 2 208910000428358 1564 South  92 $38,967.19 1/22/11 100 $75585
2/22/96 80012 179 05 3.75 9428358 Aurora $39,400.
50 2/22/96 18.00 02 171 1 $115,000.

CA 11.5 2 206930000428359 24587 Corte  91 $10,202.74 1/8/20 96 $155243
2/8/96 92562 287 05 3.25 9428359 Murrieta $12,250.
43 8/8/96 18.00 06 279 1 $175,000.


CA 12.5 2 106930000428364 12174 Via Elena 91 $35,885.62 2/21/11 95 $161500
2/21/96 92019 180 05 4.25 9428364 El Cajon $36,100.
50 2/21/96 18.00 02 172 1 $208,000.

CA 9.25 2 106910000428365 5941 Kenbrook  81 $5,825.5 1/21/21 65 $161000
2/21/96 92648 299 05 1.00 9428365 Huntington Beach $50,000.
45 5/21/96 18.00 06 291 1 $325,000.



<PAGE>
CA 10.5 2 106920000428375 6617 Challis  91 $3,629.31 1/15/21 89 $107000
2/15/96 95610 299 05 2.25 9428375 Citrus Heights $27,000.
42 5/15/96 18.00 01 291 1 $151,000.

CA 11.5 2 106930000428386 269 Estancia Place 91 $20,618.61 1/16/11 93 $140000
2/16/96 93012 179 03 3.25 9428386 Camarillo $28,500.
44 2/16/96 18.00 02 171 1 $182,000.


CA 8.75 2 206910000428394 7768 Hidden  81 $28,815.46 1/21/21 72 $107000
2/21/96 96088 299 05 0.50 9428394 Shingletown $40,000.
33 5/21/96 18.00 01 291 1 $205,000.






CA 9.25 2 106910000428396 1468 Hamilton  81 $18,462.52 12/22/20 66 $600600
1/22/96 94301 299 05 1.00 9428396 Palo Alto $25,000.
50 7/22/96 18.00 02 290 1 $950,000.

CT 10.5 2 209910000428398 270 Old Hickory  91 $40,436.3 4/1/21 90 $328000
3/22/96 06430 300 05 2.25 9428398 Fairfield $41,000.
40 6/30/96 18.00 06 294 1 $410,000.


FL 11. 2 212920000428427 4789 Higel  91 $48,822.31 2/14/21 90 $412000
2/14/96 34242 300 05 2.75 9428427 Sarasota $50,000.
39 5/14/96 18.00 06 292 1 $515,000.

HI 11. 2 115910000428428 404 Kailua Road 91 $55,932.34 2/7/21 90 $258000
2/7/96 96734 300 05 2.75 9428428 Kailua $57,000.
36 5/7/96 18.00 06 292 1 $350,000.


FL 11.5 2 212930000428429 7547 Biltmore Dr 92 $31,960.91 2/15/21 100 $128800
2/15/96 34231 300 05 3.25 9428429 Sarasota $32,200.
26 2/15/96 18.00 06 292 1 $161,000.

FL 12. 2 112930000428430 2605 Pemberton  91 $9,846.8 1/10/21 95 $168600
2/10/96 33584 299 05 3.75 9428430 Seffner $10,000.
36 5/10/96 18.00 06 291 1 $188,000.



<PAGE>
GA 8.75 2 113910000428433 1250 Overlook  81 $27,921.36 1/22/21 75 $65000
2/22/96 30621 299 05 0.50 9428433 Bishop $37,000.
33 5/22/96 18.00 06 291 1 $136,000.

CA 12.25 2 106930000428437 29 Cantana Drive 91 $24,891.21 3/1/11 98 $189687
3/1/96 92692 180 05 4.00 9428437 Mission Viejo $25,000.
43 6/1/96 18.00 06 173 1 $220,000.


HI 11.5 2 115910000428446 45 - 104  91 $31,130.67 1/30/21 87 $248000
1/30/96 96744 300 05 3.25 9428446 Kaneohe $32,000.
39 7/30/96 18.00 02 292 1 $325,000.

OR 11.5 2 141920000428451 2493 Southwest  91 $27,692.5 1/21/21 90 $228000
2/21/96 97201 299 05 3.25 9428451 Portland $28,500.
39 8/21/96 18.00 01 291 1 $285,000.


GA 9.75 2 213910000428452 315 Dancers  81 $27,295.07 2/9/20 65 $200000
3/9/96 30201 287 05 1.50 9428452 Alpharetta $50,000.
34 6/9/96 18.00 06 280 1 $390,000.






UT 11.5 2 149920000428453 3390 South  91 $23,772.23 2/13/21 89 $50000
3/13/96 84044 299 05 3.25 9428453 Magna $28,100.
29 6/13/96 18.00 02 292 1 $88,200.

CO 10.5 2 208920000428461 4589 Frankfort  91 $10,498.89 3/26/21 84 $78750
3/21/96 80239 300 05 2.25 9428461 Denver $10,500.
29 9/21/96 18.00 06 293 1 $107,000.


CA 11. 2 106920000428463 22191 Malibu  91 $6,175.36 1/16/21 82 $181500
2/16/96 92646 299 05 2.75 9428463 Huntington Beach $25,000.
43 5/16/96 18.00 01 291 1 $252,000.

CT 11. 2 109920000428467 24 Marlin Road 91 $51,407.88 1/15/21 86 $226067
2/15/96 06482 299 05 2.75 9428467 Newtown $53,500.
34 5/15/96 18.00 02 291 1 $328,000.



<PAGE>
UT 8.5 2 149910000428474 2897 East  81 $23,800.81 1/15/21 79 $207000
2/15/96 84093 299 05 0.25 9428474 Sandy $24,600.
19 8/15/96 18.00 01 291 1 $295,000.

CA 10.5 2 206920000428478 27896 Matterhorn  91 $4,432.81 1/14/21 90 $144400
2/14/96 92352 299 05 2.25 9428478 Lake Arrowhead  $18,000.
40 5/14/96 18.00 01 291 1 $180,500.


CA 12.5 2 106910000428479 11101 Saratoga  91 $35,000. 2/26/11 94 $147000
2/26/96 90720 180 05 4.25 9428479 Los Alamitos $35,000.
49 3/31/96 18.00 06 172 1 $195,000.

NJ 11.5 2 134930000428481 14 Glen Avenue 92 $15,967.28 2/27/11 100 $117500
2/27/96 07460 180 05 3.25 9428481 Hardyston $17,000.
29 3/31/96 18.00 02 172 1 $135,000.


CA 12. 2 106910000428486 9317 Las Lomas  91 $25,935.33 2/20/11 95 $116077
2/20/96 92071 180 05 3.75 9428486 Santee $26,400.
44 5/20/96 18.00 06 172 1 $150,000.

CA 11.5 2 206920000428496 3424 Chatham  91 $16,845.94 3/18/21 90 $134000
3/12/96 95765 300 05 3.25 9428496 Rocklin $17,200.
30 9/12/96 18.00 06 293 1 $168,000.


NV 11.5 2 132910000428498 4900 Ronan Drive 92 $12,654.84 2/23/11 100 $73950
2/23/96 89110 180 05 3.25 9428498 Las Vegas $13,000.
36 2/23/96 18.00 06 172 1 $87,000.






CA 12.25 2 206930000428516 1820 Caminito  91 $96,811.17 2/4/11 93 $448000
3/4/96 92037 179 03 4.00 9428516 La Jolla $97,500.
42 4/30/96 18.00 02 172 1 $590,000.

CO 11.25 2 208930000428518 4740 Chapparal  91 $31,027.48 1/17/11 94 $102878
2/17/96 80917 179 05 3.00 9428518 Colorado Springs $32,000.
24 5/17/96 18.00 02 171 1 $145,000.



<PAGE>
OR 11.5 2 141930000428554 15885 S Wilshire  92 $38,497.28 2/6/11 100 $117000
3/6/96 97045 179 05 3.25 9428554 Oregon City $39,000.
43 3/6/96 18.00 02 172 1 $156,000.

FL 9.75 2 212910000428560 3400 Ne 97th  81 $36,558.32 11/18/20 80 $112048
12/18/95 32617 299 05 1.50 9428560 Anthony $37,500.
42 6/18/96 18.00 06 289 1 $187,500.


CA 8.75 2 106910000428600 2783 Mohawk  81 $19,116.25 3/21/21 80 $223000
3/21/96 94583 300 03 0.50 9428600 San Ramon $20,000.
35 6/21/96 18.00 06 293 1 $305,000.

GA 12. 2 113930000428612 2711 Arldowne  91 $31,765.1 2/5/11 95 $121341
3/5/96 30084 179 05 3.75 9428612 Tucker $33,500.
40 9/5/96 18.00 03 172 1 $163,000.


AZ 12.5 2 104930000428616 15025 South 46th  91 $23,978.34 2/26/11 95 $96954
2/26/96 85044 180 05 4.25 9428616 Phoenix $24,100.
34 3/30/96 18.00 06 172 1 $127,500.

CA 12. 2 106930000428617 14532-a Holt  91 $49,934.97 2/28/11 94 $115282
2/28/96 92680 180 09 3.75 9428617 Tustin $50,000.
39 3/31/96 18.00 02 173 1 $176,000.


CA 12. 2 106930000428624 131 Aeolia Drive 91 $46,325.96 2/20/11 95 $181402
2/20/96 95603 180 05 3.75 9428624 Auburn $46,400.
44 5/20/96 18.00 06 172 1 $240,000.

CA 8.5 2 106910000428631 63 Redwood  81 $27,651.65 2/14/21 78 $170000
2/14/96 94060 300 05 0.25 9428631 Pescadero $40,000.
22 5/14/96 18.00 06 292 1 $270,000.


CA 12.5 2 106930000428632 562 Grant Avenue 91 $3,047.02 2/23/11 93 $137000
2/23/96 94580 180 05 4.25 9428632 San Lorenzo $34,400.
50 5/24/96 18.00 06 172 1 $185,000.







<PAGE>
CA 12. 2 106930000428638 1202 Alberca  91 $14,604.61 2/23/11 94 $207000
2/23/96 95476 180 05 3.75 9428638 Sonoma $16,000.
42 5/23/96 18.00 06 172 1 $238,000.

CA 11.75 2 106930000428640 6613 Creekview  91 $60,331.91 2/23/11 97 $276902
2/23/96 95120 180 05 3.50 9428640 San Jose $72,200.
30 3/23/96 18.00 06 172 1 $361,000.


CA 12. 2 106930000428645 18014 Avis  91 $32,580.12 2/27/11 95 $176000
2/27/96 90504 180 05 3.75 9428645 Torrance $33,000.
39 5/27/96 18.00 06 172 1 $220,000.

CA 12.5 2 106930000428649 2814 Ohio  91 $30,200. 2/22/11 95 $95000
2/22/96 94804 180 05 4.25 9428649 Richmond $30,200.
47 3/31/96 18.00 02 172 1 $132,000.


WA 12. 2 253910000428658 6107 - 12 Avenue  91 $23,014.78 1/13/11 95 $127995
2/13/96 98115 179 05 3.75 9428658 Seattle $24,005.
36 5/14/96 18.00 02 171 1 $160,000.

NV 12. 2 232910000428661 9375 Lindell Road 91 $31,883.51 1/13/11 95 $273700
2/13/96 89113 179 05 3.75 9428661 Las Vegas $32,200.
26 5/13/96 18.00 06 171 1 $322,000.


CA 12. 2 206930000428662 4405 Williams  91 $36,492.58 2/4/21 97 $126045
3/4/96 91750 299 05 3.75 9428662 La Verne $100,000.
42 4/9/96 18.00 06 292 1 $235,000.

CA 11.5 2 206910000428675 1107 West 84th  91 $40,191.7 1/23/21 84 $77133
2/23/96 90044 299 05 3.25 9428675 Los Angeles $40,000.
47 5/23/96 18.00 06 291 1 $140,412.


CA 12. 2 106930000428678 1377 Post Street  91 $29,930.65 1/22/11 99 $315985
2/22/96 94109 179 01 3.75 9428678 San Francisco $50,000.
34 2/22/96 18.00 01 171 1 $370,000.

CA 12. 2 106930000428687 1345 Partridge  92 $27,102. 1/21/11 100 $92882
2/21/96 92020 179 01 3.75 9428687 El Cajon $28,000.
39 2/21/96 18.00 01 171 1 $122,000.



<PAGE>
CA 12. 2 106910000428688 1789 Commodore  91 $48,330.01 1/21/21 92 $225000
2/21/96 95133 299 05 3.75 9428688 San Jose $50,000.
38 5/22/96 18.00 03 291 1 $300,000.






CA 11.5 2 106930000428699 12030 Rockcrest  91 $34,989.74 2/21/21 95 $122000
3/21/96 ****** 299 05 3.25 9428699 Lakeside $36,650.
41 9/21/96 18.00 06 292 1 $167,000.

CO 12. 2 208910000428702 1162 Jackson  91 $11,881.64 1/23/11 92 $102000
2/23/96 80206 179 05 3.75 9428702 Denver $12,000.
45 5/23/96 18.00 00 171 1 $124,000.


GA 8.75 2 113920000428707 1320 Creek Ridge  81 $23,916.43 2/20/21 80 $271600
2/21/96 30202 299 03 0.50 9428707 Alpharetta $50,000.
23 5/21/96 18.00 00 292 1 $402,000.

CA 11. 2 106920000428708 471 Mojave Court 91 $23,650.25 3/1/21 90 $82400
2/22/96 95926 300 05 2.75 9428708 Chico $23,800.
36 6/1/96 18.00 06 293 1 $118,000.


CA 8.75 2 206910000428710 1690 Lotus Lane 81 $11,920.13 1/20/21 68 $355000
2/20/96 92021 299 05 0.50 9428710 El Cajon $50,000.
40 5/21/96 18.00 00 291 1 $600,000.

GA 11. 2 113910000428715 1010 Chestnut  81 $8,794.24 2/14/11 58 $165000
2/15/96 30064 179 03 2.75 9428715 Marietta $50,000.
35 5/15/96 18.00 06 172 1 $372,000.


CA 12. 2 206930000428717 17457 Fairlie  91 $11,751.95 1/28/11 95 $98150
2/28/96 92128 179 01 3.75 9428717 San Diego $12,000.
41 2/28/96 18.00 02 171 1 $116,000.

GA 9.25 2 113910000428753 3609 Hanover  81 $13,759.4 1/26/21 68 $105000
2/26/96 30506 299 05 1.00 9428753 Gainesville $50,000.
42 5/26/96 18.00 06 291 1 $230,000.



<PAGE>
CA 9.75 2 106910000428756 2624 Cazadero  81 $21,816.79 1/26/21 78 $199370
2/26/96 92009 299 05 1.50 9428756 Carlsbad $25,000.
49 5/26/96 18.00 02 291 1 $290,000.

FL 12. 2 112930000428759 7376 Oakland  91 $27,242.9 1/29/11 95 $103500
2/29/96 33015 179 03 3.75 9428759 Miami $27,600.
43 8/30/96 18.00 02 171 1 $138,000.


FL 7.25 2 112910000428768 10367 S W 11th  81 $29,621.29 5/3/11 59 $35800
4/30/96 33174 180 05 1.00 9428768 Miami $30,000.
36 10/30/96 18.00 06 175 1 $112,000.






CA 11. 2 106910000428776 14723 Otsego  91 $16,242.19 1/22/21 90 $166000
2/22/96 91403 299 05 2.75 9428776 Los Angeles $23,000.
32 5/23/96 18.00 06 291 1 $210,000.

OR 11. 2 141920000428778 1483 Woodland  91 $49,093.72 2/20/21 85 $298591
3/20/96 97034 299 05 2.75 9428778 Lake Oswego $50,000.
38 9/20/96 18.00 03 292 1 $413,547.


CA 12. 2 106930000428789 5345 East Falls  92 $21,214.33 1/21/11 100 $153123
2/21/96 92115 179 05 3.75 9428789 San Diego $21,800.
45 2/21/96 18.00 02 171 1 $175,000.

CA 11. 2 106920000428791 1926 Parkmont  91 $43,444.76 2/15/21 90 $350000
3/15/96 94526 299 03 2.75 9428791 Danville $43,700.
42 9/15/96 18.00 00 292 1 $437,500.


CA 8.75 2 106910000428799 3465 Ithaca Street 81 $46,447.03 1/28/21 73 $136088
2/28/96 92122 299 05 0.50 9428799 San Diego $47,000.
22 5/29/96 18.00 06 291 1 $251,000.

CA 11. 2 106920000428812 2201 65th Avenue 91 $11,358.07 1/8/21 90 $74000
2/8/96 95822 299 05 2.75 9428812 Sacramento $11,500.
25 5/8/96 18.00 06 291 1 $95,000.



<PAGE>
CA 12.5 2 106930000428813 2535 Tequestra 92 $24,000. 1/22/11 100 $215950
2/22/96 92680 179 01 3.75 9428813 Tustin $24,000.
40 2/22/96 18.00 02 171 1 $240,000.

CA 10.75 2 206920000428814 28257 Paseo  91 $49,314.08 12/3/20 90 $396000
1/3/96 92675 299 03 2.25 9428814 San Juan  $49,500.
45 12/1/96 18.00 00 290 1 $497,000.


CA 10.5 2 106920000428821 1376 Keywood  91 $29,370.61 1/22/21 90 $168750
2/22/96 94521 299 05 2.25 9428821 Concord $33,750.
36 5/22/96 18.00 01 291 1 $225,000.

MA 8.75 2 225910000428822 50 Melrose Street  81 $17,386.75 3/15/21 80 $207000
3/15/96 02116 300 01 0.50 9428822 Boston $18,000.
40 6/15/96 18.00 00 293 1 $282,000.


GA 10.5 2 113910000428830 2042 McElroy  81 $14,088.23 2/12/21 78 $351800
2/13/96 30143 299 05 2.25 9428830 Big Canoe $30,000.
22 5/13/96 18.00 00 292 1 $490,000.






CA 8.75 2 106910000428833 402 East Madison  81 $10,662.94 3/1/21 79 $86850
2/20/96 92020 300 05 0.50 9428833 El Cajon $11,000.
32 6/1/96 18.00 01 293 1 $125,000.

NY 10.5 2 136920000428855 116-14 226th  91 $28,407.23 2/8/11 90 $119700
3/8/96 11411 179 05 2.25 9428855 Cambria Heights $28,800.
32 6/8/96 18.00 03 172 1 $165,000.


NV 9.25 2 132910000428857 P.o.box 2314 81 $73,935.09 3/1/21 81 $330500
2/7/96 89449 300 05 1.00 9428857 Stateline $100,000.
42 6/1/96 18.00 00 293 1 $537,500.

CA 11.25 2 106920000428859 1330 Stanford  91 $31,397.98 2/20/11 90 $256000
3/22/96 90404 178 01 3.00 9428859 Santa Monica $32,000.
24 9/22/96 18.00 06 172 1 $320,000.



<PAGE>
CA 10.5 2 106920000428874 2005 Flintfield  91 $27,930.43 3/22/21 90 $165000
3/22/96 95148 300 05 2.25 9428874 San Jose $33,000.
36 6/22/96 18.00 00 293 1 $222,000.

CA 12. 2 106920000428886 5259 North Maroa 91 $18,191.58 3/20/21 88 $90479
3/20/96 93704 300 05 3.75 9428886 Fresno $18,450.
42 6/20/96 18.00 02 293 1 $125,000.


MD 9.25 2 124910000428890 12805 Winona  81 $21,000. 2/26/21 80 $95000
2/26/96 20772 300 05 1.00 9428890 Upper Marlboro $45,000.
45 5/26/96 18.00 06 292 1 $175,000.

VA 12. 2 151930000428891 12077 Edgemere  92 $38,958.57 2/27/11 100 $156000
2/27/96 22090 180 09 3.75 9428891 Reston $39,000.
23 3/31/96 18.00 06 172 1 $195,000.


CA 10.5 2 106920000428892 407 Southwood  91 $9,748.76 1/23/21 90 $207000
2/23/96 95066 299 05 2.25 9428892 Scotts Valley $46,000.
36 5/23/96 18.00 01 291 1 $282,000.

CA 10.75 2 106920000428893 100 North  91 $8,359.85 1/23/21 90 $350000
2/23/96 90266 299 05 2.50 9428893 Manhattan Beach $41,500.
29 5/23/96 18.00 06 291 1 $435,000.


CA 8.75 2 106910000428896 1135 Maryann  81 $6,025.89 1/21/21 80 $162500
2/21/96 95050 299 05 0.50 9428896 Santa Clara $47,500.
36 5/21/96 18.00 01 291 1 $262,500.






CA 10.5 2 106920000428903 3692 Montego DR 91 $20,000. 1/23/21 86 $312000
2/23/96 92649 299 03 2.25 9428903 Huntington Beach $20,000.
41 5/23/96 18.00 00 291 1 $390,000.

CA 11. 2 106920000428908 50 Westgate 91 $98,169.64 4/1/21 89 $264190
3/12/96 92677 300 03 2.75 9428908 Laguna Niguel $100,000.
39 6/12/96 18.00 06 294 1 $410,000.



<PAGE>
CA 12.25 2 206930000428911 1725 Manzana  91 $17,386.86 2/4/11 93 $104448
3/4/96 92139 179 09 4.00 9428911 San Diego $20,000.
38 4/30/96 18.00 06 172 1 $135,000.

CA 11.5 2 106910000428912 10 Bellevue 91 $38,053.97 1/22/21 90 $394451
2/22/96 92657 299 03 3.25 9428912 Newport Coast $50,000.
49 8/22/96 18.00 06 291 1 $495,370.


MD 11. 2 224920000428919 15 Castle Cliff  91 $22,981.25 12/23/20 90 $139000
1/23/96 20904 299 03 2.75 9428919 Silver Spring $23,000.
32 4/23/96 18.00 02 290 1 $180,000.

CA 12.25 2 206930000428927 1305 Carol Place 91 $24,850.68 2/1/11 95 $119736
3/1/96 91950 179 05 4.00 9428927 National City $25,000.
35 4/30/96 18.00 06 172 1 $153,000.


ID 12.5 2 116920000428935 2007 Iowa 91 $63,236.47 3/20/11 85 $20609
3/20/96 83686 180 05 4.25 9428935 Nampa $65,000.
36 9/20/96 18.00 01 173 1 $101,000.

FL 10.25 2 112920000428941 15651 Sw 109th  91 $15,899.99 2/25/21 90 $129000
3/25/96 33196 299 03 2.00 9428941 Miami $20,000.
27 9/25/96 18.00 01 292 1 $166,000.


UT 11.5 2 249910000428943 3322 South Teal  91 $30,889.25 3/13/11 97 $88675
3/13/96 84120 180 05 3.25 9428943 West Valley City $32,500.
40 6/13/96 18.00 01 173 1 $126,000.

CA 10.25 2 106920000428944 3071 Mark  91 $30,189.84 1/21/11 87 $202500
2/21/96 95051 179 05 2.00 9428944 Santa Clara $31,500.
27 5/22/96 18.00 02 171 1 $270,000.


GA 10.5 2 113920000428946 4355 Burnleigh  91 $26,178.63 2/27/21 90 $120000
2/28/96 30075 299 03 2.25 9428946 Roswell $42,000.
24 5/28/96 18.00 06 292 1 $180,000.







<PAGE>
CA 9.25 2 106910000428951 3037 Yancy Drive 81 $18,805.55 3/1/11 70 $113000
3/1/96 95148 180 05 1.00 9428951 San Jose $19,000.
40 6/1/96 18.00 06 173 1 $190,000.

CO 12. 2 208930000428955 3413 South  91 $28,629.63 2/28/11 95 $108750
2/29/96 80231 180 05 3.75 9428955 Denver $29,000.
36 5/29/96 18.00 02 173 1 $145,000.


CA 8.75 2 206910000428960 31756 Bainbrook  81 $19,741.53 1/22/21 52 $136000
2/22/96 91361 299 03 0.50 9428960 Westlake Village $20,000.
30 5/22/96 18.00 06 291 1 $300,000.

CA 12. 2 106930000428980 10130 Field Lane 91 $22,112.64 3/6/11 95 $111400
3/6/96 95436 180 05 3.75 9428980 Forestville $22,500.
44 6/6/96 18.00 01 173 1 $141,000.


CO 10.25 2 208920000428981 264 Brush Creek  91 $5,841.04 1/1/21 90 $79750
2/14/96 81615 298 01 2.00 9428981 Snowmass Village $15,900.
28 5/14/96 18.00 06 291 1 $106,368.

CA 7.25 2 106990000428983 9621 Netherway  91 $45,387.32 6/19/21 89 $207000
7/19/96 92646 299 05 2.75 9428983 Hunting Beach $50,000.
45 1/19/97 18.00 00 296 1 $290,000.


CA 12.25 2 206930000428986 45860 San Luis  92 $21,244.62 2/22/11 100 $115000
3/22/96 92660 179 05 4.00 9428986 Palm Desert $60,000.
22 4/30/96 18.00 06 172 1 $175,000.

IL 12. 2 217930000428989 223 West Trail 91 $22,892.38 3/1/21 93 $166000
2/26/96 60030 300 05 3.75 9428989 Grayslake $28,000.
31 5/26/96 18.00 06 293 1 $210,000.


GA 12. 2 113930000428995 1633 Greenwood  91 $18,611.95 3/13/21 95 $71250
3/13/96 30092 300 05 3.75 9428995 Norcross $19,000.
37 6/13/96 18.00 06 293 1 $95,000.

CO 8.5 2 208910000428998 2800 Hanover DR 81 $26,233.61 1/28/21 80 $84254
2/28/96 80526 299 05 0.25 9428998 Fort Collins $35,000.
30 5/28/96 18.00 06 291 1 $150,000.



<PAGE>
CA 11. 2 206920000428999 2459 North San  91 $32,342.47 1/26/21 90 $207000
2/26/96 91711 299 05 2.75 9428999 Claremont $40,500.
39 5/27/96 18.00 06 291 1 $275,000.






CA 12. 2 106930000429000 620 Fenley  91 $34,084.74 3/1/11 95 $182400
3/1/96 95117 180 05 3.75 9429000 San Jose $34,200.
44 4/30/96 18.00 06 173 1 $228,000.

CA 12. 2 106930000429002 1288 McAllister  92 $39,878.35 2/28/11 100 $171750
2/28/96 94115 180 01 3.75 9429002 San Francisco $57,200.
40 3/28/96 18.00 06 173 1 $229,000.


WA 12. 2 253930000429003 4307 Northeast  92 $46,831.38 3/22/11 100 $73027
2/22/96 98682 181 05 3.75 9429003 Vancouver $46,950.
49 5/22/96 18.00 06 173 1 $120,000.

CA 8.5 2 206910000429005 1942 Cindy Court 81 $20,053.89 1/23/21 79 $69354
2/23/96 90537 299 05 0.25 9429005 Loveland $23,000.
29 5/23/96 18.00 06 291 1 $118,000.


CA 12. 2 106930000429010 2834 Monterey  91 $53,700. 2/28/11 99 $176250
2/28/96 92626 180 05 3.75 9429010 Costa Mesa $55,000.
41 2/28/96 18.00 06 173 1 $235,000.

CA 11.5 2 106930000429011 238 Ottawa  92 $23,156.36 3/5/11 100 $216900
3/5/96 94112 180 05 3.25 9429011 San Francisco $24,000.
35 3/5/96 18.00 06 173 1 $241,000.


CA 12. 2 106930000429052 3830 Rincon  91 $30,475.26 3/4/11 95 $220000
3/4/96 95008 180 05 3.75 9429052 Campbell $31,700.
33 6/4/96 18.00 06 173 1 $265,000.

CA 11.5 2 106930000429053 1400 Meadow  92 $23,305.48 3/8/11 100 $220500
3/8/96 95482 180 05 3.25 9429053 Ukiah $24,500.
34 4/8/96 18.00 06 173 1 $245,000.



<PAGE>
CA 12. 2 106930000429057 230 Argonaut  91 $21,063.21 3/7/11 95 $87422
3/7/96 94134 180 09 3.75 9429057 San Francisco $21,800.
23 6/7/96 18.00 06 173 1 $115,000.

CA 9. 2 106910000429063 577 Summit Road 81 $53,490.16 2/22/21 68 $172249
2/22/96 95076 300 05 0.75 9429063 Watsonville $75,000.
10 5/22/96 18.00 06 292 1 $364,000.


CA 12. 2 106930000429064 1944 South  91 $25,962.32 3/4/11 94 $105000
3/4/96 91762 180 05 3.75 9429064 Ontario $28,000.
42 6/4/96 18.00 06 173 1 $142,000.






NV 9.25 2 232910000429082 3300 Durham Ave 81 $14,729.01 1/22/21 79 $63000
2/22/96 89101 299 05 1.00 9429082 Las Vegas $15,000.
33 8/22/96 18.00 01 291 1 $99,500.

CA 12.5 2 106930000429084 1857 Newton  91 $14,977.12 1/28/11 95 $84419
2/28/96 91720 179 03 3.75 9429084 Corona $24,800.
45 5/28/96 18.00 01 171 1 $115,000.


CA 11. 2 106910000429087 6145 Teal CT 91 $25,542.92 1/28/21 90 $207000
2/28/96 95020 299 05 2.75 9429087 Gilroy $26,000.
20 5/28/96 18.00 00 291 1 $260,000.

CA 11. 2 106920000429088 701 Vinca CT 91 $20,668.39 1/25/21 88 $170350
2/25/96 95020 299 05 2.75 9429088 Gilroy $21,000.
38 5/25/96 18.00 00 291 1 $219,000.


WA 12. 2 153930000429093 6824 58th Street  91 $23,148.73 3/1/11 95 $155231
3/1/96 98270 180 05 3.75 9429093 Marysville $23,300.
43 4/30/96 18.00 06 173 1 $188,000.

CA 12. 2 106930000429097 3842 Sequoia  91 $49,831.95 2/1/11 94 $198750
3/1/96 92109 179 01 3.75 9429097 San Diego $50,000.
37 3/11/96 18.00 06 172 1 $265,000.



<PAGE>
CA 9. 1 206910000429104 1127 Craig  81 $167,878.7 4/3/21 80 $0
3/29/96 96150 300 05 0.75 9429104 South Lake Tahoe $197,600.
28 9/29/96 18.00 02 294 1 $247,000.

IL 11.5 2 217920000429105 2138 West  91 $46,070.07 3/20/21 90 $380000
3/15/96 60622 300 05 3.25 9429105 Chicago $47,500.
36 9/20/96 18.00 02 293 1 $475,000.


CA 10.5 2 106920000429110 217 29th Street 91 $33,249.32 2/25/21 90 $274800
3/25/96 90254 299 05 2.25 9429110 Hermosa Beach $34,350.
41 6/25/96 18.00 00 292 1 $343,500.

WA 11.5 2 153910000429111 16122 Southeast  91 $28,084.58 1/27/11 95 $245975
2/27/96 98042 179 05 3.25 9429111 Kent $32,000.
33 8/27/96 18.00 02 171 1 $295,000.


CA 11. 2 106920000429113 1168 River Rock  91 $36,788.95 2/15/21 90 $185000
2/15/96 94526 300 03 2.75 9429113 Danville $37,000.
45 5/15/96 18.00 00 292 1 $247,500.






CA 11. 2 106920000429121 2906 Via Victoria 91 $54,293.04 1/23/21 90 $440000
2/23/96 90274 299 05 2.75 9429121 Palos Verdes  $55,000.
42 5/23/96 18.00 00 291 1 $550,000.

AZ 12.5 2 104930000429122 802 West Royal  91 $36,484.81 2/26/11 95 $149991
2/26/96 85234 180 03 4.25 9429122 Gilbert $37,100.
50 5/26/96 18.00 02 172 1 $197,000.


CA 9.25 2 106910000429124 16745 Seawitch  81 $29,367.18 1/23/21 75 $200000
2/23/96 92649 299 05 1.00 9429124 Huntington Beach $100,000.
35 8/23/96 18.00 01 291 1 $405,000.

UT 8.75 2 149910000429129 3048 East Cobble  81 $4,509.68 2/11/21 75 $364666
3/11/96 84093 299 05 0.50 9429129 Sandy $46,500.
41 9/11/96 18.00 06 292 1 $550,000.



<PAGE>
FL 8.25 1 112910000429130 11500 Jim  81 $44,727.87 2/16/21 25 $0
2/16/96 33844 300 05 1.00 9429130 Haines City $45,000.
39 5/16/96 18.00 03 292 1 $182,000.

CA 11. 2 106920000429131 26 Cathy Lane 91 $85,634.98 1/24/21 90 $556000
2/24/96 94619 299 05 2.75 9429131 Oakland $87,000.
39 8/25/96 18.00 02 291 1 $715,000.


GA 8.75 2 113910000429139 7740 St Marlo Co  81 $7,258.12 2/27/21 75 $280000
2/29/96 30155 299 03 0.50 9429139 Duluth $19,200.
36 5/29/96 18.00 00 292 1 $404,000.

CA 12. 2 106910000429144 98 Doray Drive 91 $22,973.77 4/1/11 95 $128000
2/28/96 94523 181 05 3.75 9429144 Pleasant Hill $24,000.
32 6/1/96 18.00 01 174 1 $160,000.


FL 12.5 2 112930000429156 2723 Bruce  91 $9,791.32 1/26/21 95 $100900
2/26/96 33020 299 05 4.25 9429156 Hollywood $10,000.
46 5/26/96 18.00 06 291 1 $117,000.

MN 10.5 2 127920000429162 88 8th AVE SW 91 $15,666.16 3/1/21 90 $78750
2/23/96 55046 300 05 2.25 9429162 Lonsdale $15,700.
27 6/1/96 18.00 06 293 1 $105,000.


CA 10.5 2 106920000429173 3131 East  91 $30,257.63 2/4/21 90 $153750
3/4/96 91362 299 01 2.25 9429173 Thousand Oaks $30,700.
33 9/4/96 18.00 00 292 1 $205,000.






CO 12. 2 208930000429174 12908 East Ohio  91 $19,414.31 2/7/11 95 $82543
3/7/96 80012 179 05 3.75 9429174 Aurora $39,000.
33 3/7/96 18.00 02 172 1 $128,000.

NJ 11. 2 234910000429177 436 New Bridge  91 $29,719.08 2/8/11 87 $142835
3/8/96 07621 179 05 2.75 9429177 Bergenfield $30,000.
29 6/8/96 18.00 02 172 1 $200,000.



<PAGE>
CA 11.5 2 106930000429178 13459 Camilla  92 $6,759.14 2/5/11 100 $160200
3/5/96 90601 179 05 3.25 9429178 Whittier $17,800.
34 3/5/96 18.00 06 172 1 $178,000.

OR 12. 2 141930000429186 5153 Fort Rock  91 $7,357.04 2/18/11 95 $86000
3/18/96 97306 179 05 3.75 9429186 Salem $10,000.
35 6/18/96 18.00 03 172 1 $101,500.


FL 10.5 2 112920000429189 343 Lake Crest  91 $8,617.47 2/19/21 87 $140150
2/20/96 33326 299 03 2.25 9429189 Fort Lauderdale $28,000.
32 5/20/96 18.00 00 292 1 $194,000.

WA 12. 2 153930000429190 4816 South 3rd  91 $23,806.9 2/13/11 95 $89875
3/13/96 98203 179 05 3.75 9429190 Everett $24,000.
32 3/13/96 18.00 03 172 1 $120,000.


NV 11. 2 131920000429197 1016 Geranium  91 $58,140.39 1/27/21 89 $207000
2/27/96 89015 299 03 2.75 9429197 Henderson $60,000.
41 8/27/96 18.00 06 291 1 $300,000.

CA 11.5 2 206920000429203 517 West Rustic  91 $49,303.38 2/8/11 89 $268100
3/8/96 90402 179 05 3.25 9429203 Los Angeles $50,000.
46 4/30/96 18.00 06 172 1 $357,500.


WI 11. 2 155920000429216 400 North  91 $24,540.89 3/1/21 90 $54500
2/21/96 53098 300 05 2.75 9429216 Watertiwn $24,700.
40 6/1/96 18.00 01 293 1 $88,000.

ID 10.5 2 116920000429220 4280 North Linda  91 $10,074. 2/6/21 90 $90000
3/6/96 83704 299 05 2.25 9429220 Boise $17,400.
39 9/6/96 18.00 06 292 1 $120,000.


FL 8.75 2 112910000429222 1765 Rambling  81 $19,923.01 4/1/21 76 $118000
3/8/96 34683 300 05 0.50 9429222 Palm Harbor $25,000.
42 6/8/96 18.00 01 294 1 $189,000.







<PAGE>
CA 11. 2 106920000429227 42076  91 $28,501.84 3/1/21 88 $100618
2/29/96 92562 300 05 2.75 9429227 Murrieta $30,000.
47 5/29/96 18.00 02 293 1 $150,000.

ID 11. 2 116920000429228 4776 N Pennfield  91 $10,200.44 2/4/21 87 $95625
3/4/96 83713 299 05 2.75 9429228 Boise $15,000.
32 9/4/96 18.00 06 292 1 $127,500.


MA 12.5 2 125930000429241 112 Brook Street 91 $32,611.69 2/1/21 95 $171197
3/4/96 01701 298 05 4.25 9429241 Framingham $33,050.
51 6/4/96 18.00 02 292 1 $215,000.

NY 9.75 1 136910000429264 2671 Amawalk  81 $97,855.06 2/15/11 33 $0
3/15/96 10536 179 05 1.50 9429264 Katonah $100,000.
48 6/15/96 18.00 06 172 1 $305,000.


MD 12. 2 124930000429280 7211 James  91 $45,914.2 2/16/11 95 $172500
3/16/96 21702 179 05 3.75 9429280 Frederick $46,000.
41 6/16/96 18.00 00 172 1 $230,000.

CA 10.5 2 106920000429284 3325 Adelaide  91 $2,660.74 3/8/21 89 $244000
3/8/96 94002 300 05 2.25 9429284 Belmont $30,500.
25 6/8/96 18.00 00 293 1 $310,000.


CA 10.5 2 106920000429288 6 Belfort 91 $34,264.3 4/1/20 90 $284200
3/6/96 92657 288 03 2.25 9429288 Newport Coast  $35,500.
38 6/1/96 18.00 00 282 1 $355,300.

VA 11. 2 151920000429294 7985 Tyson Oaks  91 $25,029.05 2/15/21 90 $117500
2/15/96 22182 300 05 2.75 9429294 Vienna $25,150.
41 5/15/96 18.00 06 292 1 $158,500.


CA 9.25 2 106910000429301 984 California  81 $70,694.48 2/22/21 78 $406377
3/22/96 94306 299 05 1.00 9429301 Palo Alto $75,000.
45 6/22/96 18.00 02 292 1 $625,000.

CA 10.5 2 106920000429307 533 Clyne Court 91 $11,098.49 2/6/21 90 $190000
3/6/96 94510 299 05 2.25 9429307 Benicia $26,000.
31 6/6/96 18.00 06 292 1 $240,000.



<PAGE>
UT 10.5 2 149920000429310 330 E 100 NCK N 91 $47,041.72 2/5/21 87 $70015
3/5/96 84318 299 05 2.25 9429310 Hyde Park $47,950.
26 9/5/96 18.00 06 292 1 $136,000.






CA 10.5 2 106920000429317 5144 Sequoia  91 $12,460.62 1/22/21 86 $203150
2/22/96 90630 299 05 2.25 9429317 Cypress $20,000.
45 5/22/96 18.00 01 291 1 $260,000.

CA 11. 2 106920000429320 12386 Zig Zag  91 $42,228.52 1/29/21 87 $340000
2/29/96 92680 299 05 2.75 9429320 Tustin (area) $42,500.
38 5/29/96 18.00 02 291 1 $442,000.


CA 11. 2 106920000429322 6932 Turf Drive 91 $53,481.22 2/6/21 90 $431050
3/6/96 92648 299 03 2.75 9429322 Huntington Beach $53,850.
44 6/6/96 18.00 00 292 1 $539,000.

FL 11. 2 112920000429335 17020 Paula Lane 91 $27,233.84 2/19/21 90 $179847
3/19/96 33549 299 05 2.75 9429335 Lutz $28,000.
43 9/19/96 18.00 03 292 1 $231,000.


CA 11. 2 106920000429344 512 Via Delfin 91 $13,126.3 2/19/21 90 $404000
3/19/96 92672 299 05 2.75 9429344 San Clemente $50,500.
41 6/19/96 18.00 06 292 1 $505,000.

RI 11.5 2 144930000429349 2 Lafayette Ct 92 $31,032.53 2/6/11 100 $301500
3/6/96 02806 179 05 3.25 9429349 Barrington $32,000.
31 3/29/96 18.00 06 172 1 $335,000.


CA 10.5 2 206920000429353 26014 Chateau  91 $54,704.7 3/9/21 90 $460000
4/9/96 92555 299 05 2.25 9429353 Moreno Valley $55,000.
42 7/1/96 18.00 06 293 1 $575,000.

CT 9.75 2 209910000429355 12 Bates Farm  81 $97,565.7 2/20/21 66 $113000
3/20/96 06877 299 05 1.50 9429355 Ridgefield $100,000.
50 6/20/96 18.00 06 292 1 $325,000.



<PAGE>
CA 11.5 2 106920000429360 5132 Proctor  91 $65,701.31 5/3/21 90 $528000
5/3/96 94618 300 05 3.25 9429360 Oakland $66,000.
47 8/3/96 18.00 02 295 1 $660,000.

CA 12. 2 106990000429362 24956 Lincoln  81 $123,008.23 3/15/21 80 $495000
4/15/96 93921 299 05 3.75 9429362 Carmel $125,000.
29 7/16/96 18.00 00 293 1 $775,000.


CT 9.25 2 109910000429369 26 Ponus Ridge  81 $24,164.94 1/23/21 80 $650000
2/23/96 06840 299 05 1.00 9429369 New Canaan $86,000.
22 8/23/96 18.00 06 291 1 $920,000.






CO 11. 2 208910000429383 715 W Linden St 81 $22,161.81 2/5/21 80 $78100
3/5/96 80027 299 05 2.75 9429383 Louisville $29,000.
44 6/5/96 18.00 06 292 1 $135,000.

CA 10.75 2 106920000429387 10400 Drew Way 91 $12,500.69 2/7/21 90 $73500
3/7/96 90680 299 09 2.50 9429387 Stanton $14,700.
30 6/7/96 18.00 01 292 1 $98,000.


CA 12. 2 106930000429389 7729 Rpoalt Street 92 $37,130.74 2/5/11 100 $119570
3/5/96 91942 179 05 3.75 9429389 La Mesa $45,000.
42 3/5/96 18.00 06 172 1 $165,000.

NJ 8.75 2 134910000429395 24 Martha Road 81 $19,296.68 3/5/21 80 $174000
3/5/96 07068 300 05 0.50 9429395 Roseland $20,000.
39 6/5/96 18.00 06 293 1 $243,500.


NH 11.5 2 233920000429399 70 Highland Drive 91 $19,806. 4/21/21 90 $105000
3/21/96 03819 301 05 3.25 9429399 Danville $20,000.
32 6/21/96 18.00 06 294 1 $140,000.

NJ 10. 2 134910000429400 88 Glen AVE 81 $188,769.7 3/5/21 76 $318630
3/5/96 07052 300 05 1.75 9429400 West Orange $190,000.
36 6/5/96 18.00 06 293 1 $675,000.



<PAGE>
NC 7.25 2 137910000429401 113 Medcon  81 $4,481.76 1/27/21 60 $75600
2/27/96 27511 299 05 0.50 9429401 Cary $10,000.
37 5/27/96 1600.00 06 291 1 $144,900.

CA 12.5 2 106930000429402 910 St. Andrews  92 $30,577.19 1/28/11 100 $128000
2/28/96 94803 179 05 3.75 9429402 El Sobrante $32,000.
45 2/28/96 18.00 03 171 1 $160,000.


FL 10.25 2 112910000429406 13253 Nw First  81 $49,577.92 2/4/21 77 $64679
3/4/96 33182 299 05 2.00 9429406 Miami $50,000.
39 6/4/96 18.00 06 292 1 $150,000.

CA 10.5 2 106910000429410 29343 Wagon  81 $119,129.22 2/6/21 80 $660000
3/6/96 91301 299 03 2.25 9429410 Agoura Hills Area $124,000.
47 9/6/96 18.00 02 292 1 $980,000.


CA 12. 2 106930000429412 2190 Hillcrest  92 $22,693.59 2/6/11 100 $206100
3/6/96 93001 179 05 3.75 9429412 Ventura $22,900.
50 3/6/96 18.00 00 172 1 $229,000.






GA 11.5 2 113920000429415 725 Chanpions  91 $1,733.99 3/28/21 90 $207000
3/29/96 30201 299 03 3.25 9429415 Alpharetta $71,900.
54 6/29/96 18.00 00 293 1 $311,000.

CA 11. 2 106920000429417 5429 Edgerly  91 $23,599.9 2/4/21 90 $120000
3/4/96 95608 299 05 2.75 9429417 Carmichael $24,000.
43 9/4/96 18.00 02 292 1 $160,000.


CA 10.5 2 106920000429419 4611 Third Street 91 $19,929.67 3/1/21 89 $196287
3/1/96 94566 300 05 2.25 9429419 Pleasanton $20,000.
40 6/1/96 18.00 06 293 1 $245,000.

CA 9.25 1 106910000429420 10554 Nassau  81 $48,987.55 2/19/21 36 $0
3/19/96 91040 299 05 1.00 9429420 Sunland Area $50,000.
22 6/19/96 18.00 06 292 1 $140,000.



<PAGE>
WA 12. 2 153930000429431 15415 66th  91 $44,605.21 3/30/11 98 $188593
3/18/96 98292 180 05 3.75 9429431 Stanwood $45,000.
45 4/30/96 18.00 03 174 1 $240,000.

CA 12. 2 106930000429436 1155 K Street 91 $12,473.39 2/1/11 95 $48750
3/1/96 93451 179 05 3.75 9429436 San Miguel $13,000.
40 9/1/96 18.00 02 172 1 $65,000.


CA 12.5 2 206930000429438 7835 Prairie  91 $49,515.74 2/15/11 98 $183460
3/15/96 92126 179 05 4.25 9429438 San Diego $50,000.
43 4/30/96 18.00 06 172 1 $240,000.

UT 12. 2 149930000429465 1601 West  91 $19,386.77 2/21/11 91 $95250
3/21/96 84123 179 05 3.75 9429465 Murray $20,000.
45 6/21/96 18.00 03 172 1 $127,000.


CA 11. 2 106920000429466 9102 West 24th  91 $31,319.76 2/18/21 90 $256000
3/18/96 90034 299 05 2.75 9429466 Los Angeles $32,000.
35 6/18/96 18.00 01 292 1 $320,000.

CA 12. 2 206920000429468 13322 Edina Way 91 $46,514.91 4/1/21 86 $154695
3/19/96 92064 300 05 3.75 9429468 Poway $47,000.
49 9/19/96 18.00 06 294 1 $235,000.


OR 12. 2 141930000429473 5162 Se 28th  91 $21,175.82 2/22/11 95 $114000
3/22/96 97080 179 05 3.75 9429473 Gresham $21,800.
31 6/22/96 18.00 03 172 1 $143,000.






CA 12. 2 106930000429476 127 Danielle  91 $38,308.18 3/12/11 95 $170000
3/12/96 94903 180 01 3.75 9429476 San Rafael $39,000.
36 6/12/96 18.00 06 173 1 $220,000.

WA 12.5 2 153930000429479 8306 Scenic Drive 91 $34,915.95 3/4/11 98 $292000
3/4/96 98908 180 05 4.25 9429479 Yakima $63,500.
50 4/4/96 18.00 06 173 1 $366,000.



<PAGE>
CA 11. 2 106920000429481 1267 Castlemont  91 $38,161.74 4/1/21 90 $195000
3/6/96 95128 300 05 2.75 9429481 San Jose $39,000.
45 7/1/96 18.00 01 294 1 $260,000.

MD 11.5 2 124930000429507 10711 Cherry  92 $24,822.2 5/1/11 100 $174037
4/5/96 20783 180 03 3.25 9429507 Adelphi $24,950.
43 5/5/96 18.00 01 175 1 $199,000.


CA 7.25 2 106920000429523 7463 Henefer  91 $32,060.12 3/10/21 90 $300000
4/10/96 90045 299 05 2.75 9429523 Los Angeles $37,500.
42 10/10/96 18.00 00 293 1 $375,000.

CA 12.5 2 106930000429539 9635 Saint  92 $65,601.53 3/4/11 100 $108877
4/4/96 91977 179 05 4.25 9429539 Spring Valley $66,000.
47 4/14/96 18.00 06 173 1 $175,000.


CA 11.5 2 206920000429540 1136 South  91 $57,935.99 2/20/21 90 $193575
3/20/96 90019 299 05 3.25 9429540 Los Angeles $59,000.
50 9/1/96 18.00 01 292 1 $281,800.

CA 12. 2 106990000429550 935 MC  91 $49,993.15 3/9/11 95 $268000
4/9/96 90245 179 05 3.75 9429550 EL SEGUNDO $50,000.
42 0 18.00 00 173 1 $335,000.


CA 10.5 2 106910000429551 7318 Kentwood  91 $36,376.66 4/1/21 90 $380000
3/2/96 90045 300 05 2.25 9429551 Los Angeles $47,500.
40 7/1/96 18.00 01 294 1 $475,000.

CO 11. 2 208910000429563 5235 S.  91 $36,214. 3/24/21 90 $183700
4/24/96 80127 299 03 2.75 9429563 Littleton $36,800.
34 7/29/96 18.00 01 293 1 $245,000.


DC 11. 2 111920000429566 3051 Oliver ST  91 $7,605.03 3/8/21 90 $367247
3/8/96 20015 300 05 2.75 9429566 Washington $46,000.
32 6/8/96 18.00 06 293 1 $460,000.







<PAGE>
NJ 9.25 2 134910000429570 3 Knoll Place 81 $30,742.96 2/23/11 48 $58939
2/23/96 07006 180 05 1.00 9429570 West Caldwell $50,000.
40 3/23/96 18.00 06 172 1 $230,000.

NJ 11. 2 134920000429575 9 Appleridge  91 $26,307.83 2/27/21 90 $159750
3/27/96 07461 299 05 2.75 9429575 Vernon Township $30,000.
45 6/27/96 18.00 02 292 1 $213,000.


CO 8.75 2 208910000429577 19168 East  81 $11,880.27 2/8/21 79 $105850
3/8/96 80134 299 03 0.50 9429577 Parker $18,000.
37 6/8/96 18.00 06 292 1 $157,000.

OR 7.25 2 141990000429595 266 Watagua Way 91 $17,930.84 4/21/21 84 $160397
5/21/96 97424 299 05 3.25 9429595 Cottage Grove $18,000.
44 11/21/96 18.00 06 294 1 $214,000.


CA 11. 2 106990000429600 770 W Imperial  91 $9,840.85 4/4/21 90 $61100
4/4/96 90245 300 01 2.75 9429600 El Segundo $10,000.
44 7/1/96 18.00 00 294 1 $79,000.

FL 11.5 2 112930000429602 1764 Saddleback  92 $12,983.64 2/13/11 100 $52700
3/13/96 32703 179 03 3.25 9429602 Apopka $13,000.
36 3/13/96 18.00 06 172 1 $66,000.


NM 8.5 2 135910000429603 8723 Tia  81 $4,751.07 4/1/21 69 $99000
3/14/96 87120 300 05 0.25 9429603 Albuquerque $25,000.
24 6/14/96 18.00 00 294 1 $182,000.

FL 11.5 2 112910000429606 1870 Nw 16th  81 $21,904.96 2/11/21 79 $93000
3/11/96 33125 299 05 3.25 9429606 Miami $22,000.
36 9/12/96 18.00 06 292 1 $147,000.


CA 11. 2 206910000429607 521 Adirondack  81 $33,514.1 2/6/21 71 $132500
3/6/96 94598 299 03 2.75 9429607 Walnut Creek $50,000.
45 6/6/96 18.00 06 292 1 $257,500.

FL 10.5 2 112930000429608 10429 Cresto Del  91 $11,155.22 2/8/21 90 $62174
3/8/96 32839 299 03 2.25 9429608 Orlando $12,000.
44 9/8/96 18.00 06 292 1 $83,000.



<PAGE>
CA 9.75 2 106910000429636 1230 Big Canyon  81 $44,264.57 2/7/21 80 $207000
3/7/96 90732 299 05 1.50 9429636 Los Angeles $45,000.
50 9/7/96 18.00 02 292 1 $315,000.






CO 8.75 2 208910000429637 2965 4th Street 81 $18,835.37 3/1/21 47 $88000
3/26/96 80304 299 05 0.50 9429637 Boulder $20,000.
33 9/26/96 18.00 01 293 1 $230,000.

CO 10.5 2 208920000429638 1336 Lamplighter  91 $14,860.59 3/1/11 87 $75000
3/27/96 80501 179 05 2.25 9429638 Longmont $15,000.
37 6/27/96 18.00 01 173 1 $104,000.


CA 9.25 2 106910000429639 190 Green  81 $18,194.08 2/7/11 66 $276750
3/7/96 92211 179 01 1.00 9429639 Palm Desert $18,400.
36 9/7/96 18.00 01 172 1 $450,000.

CA 10.5 2 106920000429641 1321 Lawrence  91 $30,720.55 4/1/21 85 $483000
3/8/96 94506 300 05 2.25 9429641 Danville $50,000.
39 6/8/96 18.00 06 294 1 $630,000.


OR 10.5 2 141930000429642 119 Pine Lodge  91 $28,187.79 3/29/21 90 $111000
3/29/96 97730 300 03 2.25 9429642 Camp Sherman $31,200.
35 6/29/96 18.00 02 293 1 $158,000.

CA 10.5 2 106920000429645 732 Appleton  91 $33,592.07 4/1/21 87 $386070
3/15/96 95476 300 05 2.25 9429645 Sonoma $40,000.
45 6/15/96 18.00 06 294 1 $494,000.


CA 7.25 2 106920000429647 15091 Brewster  91 $30,594.12 3/5/21 87 $197000
4/5/96 95124 299 05 3.25 9429647 San Jose $31,000.
50 10/5/96 18.00 06 293 1 $263,000.

CA 11. 2 106930000429648 18812 Oak Ridge  91 $29,997.77 2/26/21 90 $243600
3/26/96 92705 299 05 2.75 9429648 Santa Ana Area $30,450.
40 6/26/96 18.00 00 292 1 $307,000.



<PAGE>
CO 9.25 2 208910000429651 7621 South  81 $12,869.33 3/10/11 70 $103500
4/10/96 80112 179 03 1.00 9429651 Englewood $13,000.
42 7/10/96 18.00 06 173 1 $167,000.

MA 10.5 2 225920000429652 174 Taft Road 91 $45,426.33 3/26/21 101 $137250
3/26/96 01887 300 05 2.25 9429652 Wilmington $46,000.
35 6/26/96 18.00 06 293 1 $183,000.


CA 10.25 2 106910000429656 4115 Maiden  81 $51,163.75 3/13/21 79 $180000
3/11/96 94587 300 05 2.00 9429656 Union City $52,000.
44 9/11/96 18.00 02 293 1 $295,000.






CA 7.25 2 106920000429657 5165 Remington  91 $29,197.03 3/1/21 90 $180000
4/1/96 92115 299 05 2.75 9429657 San Diego $36,000.
39 10/1/96 18.00 06 293 1 $240,000.

CA 12. 2 106920000429658 11391 Legacy  91 $37,696.8 4/1/21 90 $232000
3/13/96 92131 300 03 3.75 9429658 San Diego $38,000.
44 6/13/96 18.00 06 294 1 $300,000.


FL 11.5 2 112910000429659 1210 Terra Mar  81 $9,926. 1/29/21 58 $51602
2/29/96 33613 299 05 3.25 9429659 Tampa $10,000.
42 5/29/96 18.00 06 291 1 $107,000.

GA 8.75 2 113910000429664 412 Darthmouth  81 $37,087.41 2/27/21 77 $207000
2/29/96 30269 299 03 0.50 9429664 Peachtree City $40,000.
37 5/29/96 18.00 00 292 1 $323,000.


GA 10.5 2 113920000429673 4626 Chardonnay  91 $34,531.47 1/30/21 90 $277100
1/31/96 30338 299 03 2.25 9429673 Dunwoody $34,650.
34 4/30/96 18.00 00 292 1 $347,000.

CA 12. 2 206910000429676 140 South  91 $23,492.69 2/5/11 98 $131821
3/5/96 90042 179 05 3.75 9429676 Los Angeles $23,700.
50 3/5/96 18.00 06 172 1 $160,000.



<PAGE>
FL 11.5 2 112920000429687 18940 Red Coral  91 $15,155.87 2/12/21 90 $109000
3/12/96 33489 299 03 3.25 9429687 Boca Raton $17,000.
36 9/12/96 18.00 02 292 1 $140,000.

FL 9.25 2 112910000429690 2975 Washington  81 $24,649.42 5/1/21 60 $82000
4/26/96 33133 300 05 1.00 9429690 Miami $25,000.
34 7/26/96 18.00 06 295 1 $180,000.


GA 10.5 2 213920000429691 6037 Woods Ct 91 $39,940.51 3/11/21 90 $202500
3/11/96 30130 300 05 2.25 9429691 Cumming $40,500.
31 6/9/96 18.00 06 293 1 $270,000.

OR 12.5 2 141930000429704 13595 Sw  92 $29,078.87 2/1/11 100 $87750
3/1/96 97005 179 05 4.25 9429704 Beaverton $29,200.
47 3/1/96 18.00 02 172 1 $117,000.


GA 8.75 2 213910000429705 1644 Mt Carmel  80 $6,930.56 2/7/11 64 $65000
3/7/96 30296 179 05 0.50 9429705 Riverdale $30,000.
33 9/7/96 24.00 06 172 1 $150,000.






WA 8.5 2 153910000429707 205 Michael Place 81 $24,505.37 2/25/21 80 $77309
3/25/96 98801 299 05 0.25 9429707 Wenatchee $25,000.
29 9/25/96 18.00 03 292 1 $128,500.

NV 12.25 2 232930000429721 3375 E Tompkins  91 $12,818.56 2/8/11 99 $68700
3/8/96 89119 179 05 4.00 9429721 Las Vegas $13,600.
26 4/25/96 18.00 06 172 1 $83,500.


CA 9.75 2 106910000429729 1168 Dewing  81 $27,515.77 1/29/21 80 $150000
2/29/96 94595 299 05 1.50 9429729 Walnut Creek $38,000.
50 5/29/96 18.00 01 291 1 $235,000.

CA 12. 2 106930000429747 12241 Addison  91 $69,969.49 3/5/11 95 $234000
4/5/96 91607 179 05 3.75 9429747 Los Angeles $70,000.
40 4/18/96 18.00 06 173 1 $320,000.



<PAGE>
CA 12. 2 106930000429748 5701 Crest De  91 $48,868.16 3/22/21 93 $404000
4/22/96 92667 299 05 3.75 9429748 Orange $49,000.
38 7/22/96 18.00 02 293 1 $490,000.

CA 12. 2 106990000429755 23212 Park  91 $74,953.78 4/3/21 87 $405000
5/3/96 91302 299 03 3.75 9429755 Calabasas $75,000.
47 8/3/96 18.00 06 294 1 $555,000.


CA 10.5 2 106990000429756 1328 W 182nd ST 91 $22,316.24 5/1/21 90 $112500
4/8/96 ****** 300 05 2.25 9429756 Gardena $22,500.
31 7/8/96 18.00 06 295 1 $150,000.

CA 12. 2 106930000429758 230 Riverview  91 $20,414.94 2/1/11 93 $117600
3/1/96 95006 179 05 3.75 9429758 Boulder Creek $20,500.
43 3/1/96 18.00 02 172 1 $150,000.


CA 12.5 2 106930000429759 4444 Vermont  91 $82,048.71 2/5/11 95 $270000
3/5/96 90814 179 05 4.25 9429759 Long Beach $83,400.
42 3/5/96 18.00 01 172 1 $372,000.

CA 10.75 2 106920000429760 10742 Harmony  91 $33,201.41 4/1/21 90 $250000
3/11/96 95959 300 05 2.50 9429760 Nevada City $33,500.
30 6/11/96 18.00 01 294 1 $315,000.


PA 9. 2 142910000429762 765 Collins  81 $18,177.25 1/24/21 60 $91715
2/24/96 19446 299 05 0.75 9429762 Lansdale $30,000.
22 8/25/96 18.00 06 291 1 $205,000.






CA 12. 2 206920000429763 4810 Kelly Drive 91 $24,743.95 2/21/11 90 $200000
3/21/96 92009 179 05 3.75 9429763 Carlsbad $25,000.
32 6/30/96 18.00 06 172 1 $250,000.

CA 11. 2 106920000429768 1665 Molitor  91 $62,408.17 3/13/21 90 $315000
3/13/96 94002 300 05 2.75 9429768 Belmont $63,000.
45 6/13/96 18.00 02 293 1 $420,000.



<PAGE>
WA 11. 2 153920000429777 851 Sw Miller  91 $20,730.94 3/8/21 90 $62000
3/8/96 98366 300 05 2.75 9429777 Port Orchard $25,300.
43 6/8/96 18.00 01 293 1 $97,000.

CA 10.5 2 106920000429779 645 BEACH  91 $37,719.76 4/1/21 90 $303900
3/14/96 90740 300 05 2.25 9429779 Seal Beach $37,900.
34 6/14/96 18.00 00 294 1 $379,900.


CA 12. 2 106920000429780 965 South Los  91 $61,410.93 2/28/21 90 $276500
2/29/96 91106 300 05 3.75 9429780 Pasadena $77,000.
50 5/29/96 18.00 02 293 1 $395,000.

GA 11. 2 113920000429782 1524 Clydesdale  91 $15,235.26 10/30/20 90 $127200
10/31/95 30174 299 03 2.75 9429782 Suwanee $15,900.
36 1/31/96 18.00 06 289 1 $159,500.


CA 11. 2 106920000429783 7939 Cora Street 91 $25,875.82 3/13/21 90 $130500
3/13/96 91040 300 05 2.75 9429783 Los Angeles $26,100.
45 6/13/96 18.00 00 293 1 $174,000.

OR 9.5 2 141910000429790 Rt 4 Box 550 P 81 $36,403.31 2/28/21 80 $16649
3/28/96 97103 299 05 1.25 9429790 Astoria $62,700.
30 6/28/96 18.00 03 293 1 $100,000.


MI 11.25 2 226920000429791 6674 Torybrooke  91 $23,795.94 3/26/21 90 $525000
3/26/96 48323 300 05 3.00 9429791 West Bloomfield $100,000.
24 6/26/96 18.00 06 293 1 $700,000.

FL 9.25 2 112910000429792 507 2nd Ave  81 $29,526.68 2/28/21 80 $78657
3/28/96 33704 299 05 1.00 9429792 St Petersburg $45,000.
41 6/28/96 18.00 03 293 1 $155,000.


CA 11. 2 106920000429797 4939  91 $22,194.37 3/7/21 90 $175357
3/7/96 91436 300 05 2.75 9429797 Los Angeles $58,600.
29 5/7/96 18.00 06 293 1 $260,000.







<PAGE>
VA 9.25 2 151910000429799 6142 Beachway  81 $28,152.92 3/15/21 80 $230000
3/15/96 22041 300 05 1.00 9429799 Falls Church $30,000.
25 6/16/96 18.00 06 293 1 $325,000.

CA 8.75 2 206910000429800 2172 Vizcaya  81 $48,765.46 2/20/21 74 $228000
3/20/96 95008 299 03 0.50 9429800 Campbell $50,000.
43 9/20/96 18.00 02 292 1 $380,000.


CA 12. 2 106930000429806 10741 Viking  91 $9,756.6 2/26/11 95 $148285
2/26/96 91326 180 05 3.75 9429806 Northridge $28,400.
42 6/1/96 18.00 06 172 1 $186,000.

CA 11. 2 106920000429807 12202 Foster  91 $66,766.76 2/13/21 90 $543200
3/13/96 90720 299 05 2.75 9429807 Los Alamitos  $67,900.
45 9/13/96 18.00 06 292 1 $679,000.


CA 11. 2 106920000429813 10224 Cambria  91 $34,730.18 1/29/21 85 $179250
2/29/96 92371 299 05 2.75 9429813 Phelan $35,000.
50 5/29/96 18.00 01 291 1 $255,000.

CA 10.5 2 106920000429815 638 Rosecrans  91 $47,917.62 2/15/21 90 $390000
3/15/96 90266 299 05 2.25 9429815 Manhattan $48,750.
25 9/15/96 18.00 00 292 1 $487,500.


CA 11. 2 106930000429816 6455 La Jolla  91 $24,394.93 2/7/21 90 $105000
3/7/96 92037 299 01 2.75 9429816 San Diego $24,500.
44 6/7/96 18.00 06 292 1 $140,000.

IL 8.5 2 117910000429820 405 South Pine  81 $23,235.91 4/1/21 64 $72000
3/11/96 60056 300 05 0.25 9429820 Mount Prospect $35,000.
25 6/11/96 18.00 01 294 1 $168,000.


CA 11.5 2 106920000429821 2052 Canterbury  91 $99,169.53 4/1/21 87 $203000
3/13/96 95815 300 05 3.25 9429821 Sacramento $100,000.
44 6/13/96 18.00 01 294 1 $350,000.

CA 11. 2 106920000429824 142 Sixteenth  91 $30,878.45 4/1/21 89 $248000
3/13/96 94402 300 05 2.75 9429824 San Mateo $31,000.
43 6/13/96 18.00 06 294 1 $315,000.



<PAGE>
VA 11. 2 151920000429826 40935 Belforest  91 $66,686.61 4/1/21 86 $336750
3/18/96 22075 300 05 2.75 9429826 Leesburg $67,350.
37 6/18/96 18.00 00 294 1 $475,000.






FL 9.25 2 112910000429830 3755 Ne 214th  81 $186,500. 3/12/21 61 $207000
3/12/96 33180 300 01 1.00 9429830 Aventura $200,000.
23 6/12/96 18.00 06 293 1 $670,000.

CA 10.5 2 106920000429834 2325 Brittan  91 $21,559.8 2/22/21 90 $249600
3/22/96 94070 299 05 2.25 9429834 San Carlos $31,200.
39 9/23/96 18.00 01 292 1 $312,000.


WA 8.75 2 153910000429838 5103 Sw Stevens  81 $7,709.56 2/14/21 66 $97258
3/14/96 98116 299 05 0.50 9429838 Seattle $20,000.
37 9/14/96 18.00 03 292 1 $178,000.

CO 12. 2 108930000429852 3271 South Joplin  91 $16,396.19 3/6/21 90 $82500
3/6/96 80013 300 05 3.75 9429852 Aurora $16,480.
44 6/6/96 18.00 02 293 1 $110,000.


CA 9.25 2 106910000429853 1617 Antigua  81 $49,288.56 3/11/21 67 $325000
3/11/96 92660 300 05 1.00 9429853 Newport Beach $49,900.
50 6/11/96 18.00 01 293 1 $563,000.

NY 11. 2 236920000429854 23 Lander Avenue 91 $29,520.67 5/1/21 90 $147502
4/2/96 10314 300 05 2.75 9429854 Staten Island $29,700.
37 7/2/96 18.00 06 295 1 $197,000.


CA 11. 2 106920000429855 8739 Tondela  91 $23,977.45 3/5/21 90 $120750
3/5/96 95628 300 05 2.75 9429855 Fair Oaks $24,150.
44 6/5/96 18.00 06 293 1 $161,000.

CA 10.5 2 206920000429857 27803 Conestoga  91 $33,669.66 2/6/21 89 $273600
3/6/96 90274 299 05 2.25 9429857 Rolling Hills  $34,200.
48 9/6/96 18.00 00 292 1 $347,000.



<PAGE>
GA 10.25 2 213910000429859 6250 Old  81 $41,718.37 2/8/21 61 $202010
3/8/96 30506 299 05 2.00 9429859 Gainesville $57,000.
29 9/8/96 18.00 03 292 1 $430,000.

CA 12. 2 106920000429860 5061 Princeton  91 $60,588.56 2/7/21 90 $155000
3/7/96 92683 299 05 3.75 9429860 Westminster $61,000.
57 6/7/96 18.00 01 292 1 $240,000.


CA 11. 2 106920000429864 631 South Wall  91 $49,083.77 2/6/21 90 $103414
3/6/96 90631 299 05 2.75 9429864 La Habra $49,500.
34 6/6/96 18.00 01 292 1 $170,000.






CA 8.75 2 106910000429868 2115 Damuth  81 $24,858.81 3/6/11 74 $100000
3/6/96 94602 180 05 0.50 9429868 Oakland $25,000.
38 6/6/96 18.00 02 173 1 $170,000.

CA 9.25 2 106910000429870 3557 Pine Flat  81 $81,613.19 2/4/21 80 $207000
3/4/96 95060 299 05 1.00 9429870 Santa Cruz $85,800.
45 9/4/96 18.00 01 292 1 $366,000.


FL 9.75 2 112910000429879 2001 Secoffee  91 $88,868.65 2/27/21 77 $188400
3/27/96 33133 299 05 1.50 9429879 Coconut Grove $100,000.
44 4/30/96 18.00 01 292 1 $375,000.

AZ 11. 2 104920000429882 918 East Taro  91 $19,828.61 3/1/11 90 $103450
2/29/96 85024 180 05 2.75 9429882 Phoenix $20,000.
43 5/29/96 18.00 06 173 1 $138,000.


CO 8.5 2 208910000429884 4608 Echo Circle 81 $23,441.12 4/1/21 39 $12815
4/1/96 80526 300 05 0.25 9429884 Fort Collins $45,000.
21 7/1/96 18.00 06 294 1 $151,000.

IL 7.25 2 217910000429885 505 North  81 $14,827.41 4/3/21 73 $183000
3/29/96 60611 300 06 1.25 9429885 Chicago $50,000.
18 10/3/96 18.00 01 294 1 $320,000.



<PAGE>
CA 12. 2 106930000429895 18859 Kithira CIR 91 $24,720.06 3/6/11 95 $177457
3/6/96 92648 180 03 3.75 9429895 Huntington Beach $24,800.
44 6/5/96 18.00 02 173 1 $215,000.

VA 12. 2 251920000429896 993 Old Holly  91 $49,155.67 4/16/21 89 $281250
4/11/96 22066 300 03 3.75 9429896 Great Falls $50,000.
41 7/11/96 18.00 02 294 1 $375,000.


ID 12. 2 116920000429901 2515 N.w. 4th  91 $58,973.03 3/14/21 86 $108000
3/14/96 83619 300 05 3.75 9429901 Fruitland $60,000.
38 9/14/96 18.00 01 293 1 $197,000.

CA 12. 2 106930000429902 3857 Stanford  91 $13,356.45 3/12/11 95 $174181
3/12/96 94550 180 05 3.75 9429902 Livermore $13,400.
44 3/12/96 18.00 06 173 1 $198,000.


CA 10.25 2 106910000429913 4279 Park Paloma 81 $47,080.19 2/8/21 76 $207000
3/8/96 91302 299 01 2.00 9429913 Calabasas $50,000.
45 6/8/96 18.00 00 292 1 $340,000.






OH 12. 2 239920000429915 7975 Lutz  91 $24,634.62 3/4/21 90 $99703
4/4/96 44646 299 05 3.75 9429915 Massillon $25,000.
21 7/4/96 18.00 06 293 1 $140,000.

CA 10.5 2 106920000429916 4168 Cherry  91 $17,521.9 2/28/21 90 $144000
2/29/96 94561 300 05 2.25 9429916 Oakley $18,000.
35 5/29/96 18.00 02 293 1 $180,000.


CA 11.75 2 106930000429917 6221 Wildomar  91 $19,872.33 2/6/11 95 $79500
3/6/96 95608 179 05 3.50 9429917 Carmichael $20,000.
29 3/6/96 18.00 02 172 1 $105,000.

CA 11. 2 106920000429919 949 Jeanette  91 $24,668.37 2/27/21 90 $331969
3/27/96 91362 299 05 2.75 9429919 Thousand Oaks $28,000.
33 6/27/96 18.00 06 292 1 $400,000.



<PAGE>
CA 11.5 2 106920000429920 3535 Lindsay  91 $19,000. 3/6/21 85 $199500
3/6/96 93247 300 05 3.25 9429920 Riverside $25,000.
48 6/6/96 18.00 02 293 1 $266,000.

CA 12. 2 106930000429921 1253 Glenwood  91 $24,930.93 2/7/11 98 $160558
3/7/96 94954 179 05 3.75 9429921 Petaluma $25,000.
38 3/7/96 18.00 03 172 1 $190,000.


UT 10.5 2 149920000429922 13286 So Forest  91 $24,232.8 2/18/21 90 $126000
3/18/96 84065 299 05 2.25 9429922 Riverton $27,000.
37 9/18/96 18.00 06 292 1 $170,000.

FL 12. 2 112930000429923 1309 Borden  92 $16,260.92 3/8/11 100 $65600
3/8/96 33594 180 05 3.75 9429923 Valrico $16,400.
46 3/8/96 18.00 06 173 1 $82,000.


GA 10.5 2 113920000429924 1194 East Rock  91 $34,278.78 3/17/21 90 $173250
3/18/96 30306 299 05 2.25 9429924 Atlanta $34,650.
33 6/18/96 18.00 00 293 1 $231,000.

CA 9.25 2 106910000429925 4696 Gaviota  81 $18,755.06 2/12/21 80 $207000
3/12/96 91902 299 03 1.00 9429925 Bonita $57,000.
35 9/12/96 18.00 01 292 1 $330,000.


CA 10.25 2 106910000429926 3592 Cranbrook  91 $19,263.7 2/28/21 90 $120000
2/28/96 94520 300 05 2.00 9429926 Concord $19,500.
27 5/28/96 18.00 06 293 1 $155,000.






CO 8.75 2 108910000429927 7781 West  81 $9,419.47 3/6/21 66 $133200
3/6/96 80123 300 05 0.50 9429927 Littleton $10,000.
41 6/6/96 18.00 06 293 1 $220,000.

CO 8.75 2 208910000429928 3485 Moorhead 81 $12,101.52 2/20/21 70 $57021
3/20/96 80303 299 05 0.50 9429928 Boulder $50,000.
42 6/20/96 18.00 06 292 1 $155,000.



<PAGE>
CA 11. 2 106920000429929 2110 Derby  91 $15,334.98 3/4/21 90 $196000
3/4/96 95010 300 05 2.75 9429929 Capitola Avenue $24,500.
35 6/4/96 18.00 06 293 1 $245,000.

CA 9.25 2 106910000429931 153 Wadsworth  81 $118,041.26 2/27/21 80 $375000
3/27/96 90405 299 05 1.00 9429931 Santa Monica $185,000.
48 6/27/96 18.00 06 292 1 $700,000.


CA 11.5 2 106920000429932 6781 Warm  91 $51,163.88 2/5/21 90 $207000
3/5/96 91750 299 05 3.25 9429932 La Verne $56,700.
45 6/5/96 18.00 02 292 1 $293,000.

CO 11.5 2 208930000429933 3254 West White  92 $19,466.37 2/13/11 100 $134200
3/13/96 80126 179 03 3.25 9429933 Highlands Ranch $23,000.
38 3/13/96 18.00 03 172 1 $158,000.


UT 8.5 2 149910000429934 1045 East 5100  81 $34,466.29 2/20/21 74 $95000
3/20/96 84403 299 05 0.25 9429934 South Ogden $35,000.
25 6/20/96 18.00 00 292 1 $177,100.

CA 11. 2 106920000429935 6044 Camino  91 $32,876.76 2/26/21 90 $166850
3/26/96 92807 299 05 2.75 9429935 Anaheim $33,400.
42 6/26/96 18.00 06 292 1 $223,000.


CA 11. 2 106910000429936 1291 Antoinette  91 $55,506.58 2/8/21 88 $184000
3/8/96 90631 299 05 2.75 9429936 La Habra Area $56,000.
45 6/8/96 18.00 02 292 1 $273,000.

CA 12. 2 106930000429937 4594 Piper Street 91 $31,790.3 2/12/11 95 $172000
3/12/96 94538 179 05 3.75 9429937 Fremont $32,200.
45 3/12/96 18.00 01 172 1 $215,000.


AZ 9.25 1 504910000429938 2430 N Sahuara  81 $64,024.56 1/24/21 70 $0
2/24/96 85712 299 09 1.00 9429938 Tucson $65,000.
35 8/24/96 18.00 00 291 1 $93,200.







<PAGE>
CA 11. 2 106920000429939 17995 Mayerling  91 $32,309.24 2/7/21 90 $464827
3/7/96 91345 299 03 2.75 9429939 Los Angeles $50,900.
42 6/7/96 18.00 06 292 1 $575,000.

AZ 9.75 2 504910000429940 5967 N.  81 $42,079.14 2/5/21 80 $156040
3/5/96 85750 299 05 1.50 9429940 Tucson $43,000.
49 9/5/96 18.00 01 292 1 $250,000.


CA 11. 2 106920000429941 5905 Gloria  91 $15,580.78 4/1/21 90 $82500
3/13/96 95822 300 01 2.75 9429941 Sacramento $15,700.
46 6/13/96 18.00 01 294 1 $110,000.

MD 10.25 2 124930000429942 3743 Carissa Lane 92 $48,773.83 4/1/11 100 $199200
3/4/96 20832 180 03 2.00 9429942 Olney $49,000.
46 6/4/96 18.00 06 174 1 $249,000.


CA 10.5 2 106920000429945 1515 Irving  91 $47,881.51 2/7/21 90 $365000
3/7/96 91201 299 05 2.25 9429945 Gelndale $49,000.
38 6/7/96 18.00 06 292 1 $460,000.

CO 10.5 2 208920000429965 19958 E Euclid  91 $11,877.22 2/13/21 90 $139950
3/13/96 80016 299 05 2.25 9429965 Aurora $22,000.
45 6/13/96 18.00 06 292 1 $180,000.


FL 11. 2 112920000429968 6600 Sw 49th Ter 91 $43,887.59 2/18/21 90 $117500
3/18/96 33155 299 05 2.75 9429968 South Miami $44,500.
50 9/18/96 18.00 02 292 1 $180,000.

GA 10.5 2 113920000429971 6220 Traymore  91 $39,491.93 3/14/11 90 $199400
3/15/96 30082 179 03 2.25 9429971 Smyrna $39,900.
30 6/15/96 18.00 00 173 1 $268,000.


CA 12. 2 206930000429976 2843 E Wasatch  91 $22,746.89 2/20/11 95 $286000
3/20/96 ****** 179 05 3.75 9429976 Westlake Village $22,750.
28 4/30/96 18.00 02 172 1 $325,000.

CA 11. 2 106920000429977 1070 Bennett Way 91 $29,569.85 3/2/21 90 $240000
4/2/96 95125 299 05 2.75 9429977 San Jose $30,000.
39 7/3/96 18.00 00 293 1 $300,000.



<PAGE>
CA 9.25 2 206910000429979 5637 Sloan Place 81 $7,900. 2/4/21 80 $634958
3/4/96 91302 299 03 1.00 9429979 Calabasas $141,000.
32 6/4/96 18.00 01 292 1 $970,000.






CA 11. 2 106920000429988 11861 Moen  91 $15,922.9 2/28/21 90 $129000
3/29/96 92804 298 05 2.75 9429988 Anaheim $18,000.
34 6/29/96 18.00 06 293 1 $165,000.

CO 10.25 2 208920000429989 5197 South Drew  91 $14,505.81 2/11/21 83 $165000
3/11/96 80123 299 03 2.00 9429989 Littleton $16,500.
20 6/11/96 18.00 02 292 1 $220,000.


AZ 12. 2 104930000429990 3227 East Oregon  91 $24,495.64 3/12/11 99 $90710
4/12/96 85018 179 05 3.75 9429990 Phoenix $25,000.
39 4/19/96 18.00 06 173 1 $118,000.

UT 9.25 2 149910000429992 775 East 150  81 $31,470.04 2/28/21 75 $73454
3/29/96 84003 298 05 1.00 9429992 American Fork $35,000.
45 6/29/96 18.00 03 293 1 $145,000.


CA 11. 2 106920000429993 25047 Oakana  91 $36,192.9 4/1/11 90 $183750
3/1/96 92065 181 05 2.75 9429993 Ramona $36,500.
43 6/1/96 18.00 01 174 1 $245,000.

CA 8.75 2 106910000429994 222 C Street 81 $6,937.67 4/1/21 49 $143984
4/1/96 94901 300 05 0.50 9429994 San Rafael $20,000.
40 7/1/96 18.00 01 294 1 $340,000.


VA 9.25 2 151920000429998 6020 Grayson  91 $27,719.32 4/1/11 90 $140250
3/5/96 22150 180 05 1.00 9429998 Springfield $28,050.
42 6/7/96 18.00 06 174 1 $187,000.

CA 10.75 2 106920000430001 250 S Marengol  91 $23,335.5 2/5/21 90 $190400
3/5/96 91101 299 07 2.50 9430001 Pasadena $23,800.
36 6/5/96 18.00 00 292 1 $238,000.



<PAGE>
CA 11.5 2 106920000430002 161 Fairland Way 92 $68,646.66 2/28/21 90 $202489
3/29/96 95065 298 05 3.25 9430002 Santa Cruz $68,800.
41 4/30/96 18.00 01 293 1 $302,000.

NJ 10.5 2 134920000430004 504 Beardsley  91 $14,123.96 2/18/11 90 $100000
3/18/96 07003 179 05 2.25 9430004 Bloomfield $17,000.
42 6/18/96 18.00 06 172 1 $130,000.


CO 9. 1 208910000430005 8088 East Lt  81 $49,183.2 4/1/21 35 $0
4/1/96 80134 300 05 0.75 9430005 Parker $100,000.
27 7/1/96 18.00 06 294 1 $290,000.






CO 7.25 2 208910000430006 6690 South  81 $5,360.37 4/1/21 42 $63136
4/1/96 80111 300 05 0.50 9430006 Englewood $20,000.
44 10/1/96 18.00 01 294 1 $200,000.

CA 10.75 2 106920000430012 133 W. Repplier  91 $24,910.42 3/8/21 84 $86500
3/8/96 92220 300 05 2.50 9430012 Banning $25,000.
30 6/8/96 18.00 06 293 1 $133,000.


FL 8.5 2 112910000430015 3046 Enisglen  81 $29,631.51 2/21/21 75 $95000
2/21/96 36483 300 05 0.25 9430015 Palm Harbor $50,000.
24 5/21/96 18.00 00 292 1 $195,000.

GA 10.75 2 113920000430016 5013 Winding  91 $97,902.18 3/20/21 88 $207000
3/21/96 30189 299 03 2.50 9430016 Woodstock $99,000.
31 6/21/96 18.00 00 293 1 $350,000.


FL 11.75 2 112910000430017 441 Nw 52nd  91 $20,033.86 2/18/11 95 $76500
3/18/96 33126 179 05 3.50 9430017 Miami $20,400.
24 9/18/96 18.00 06 172 1 $102,000.

FL 9. 1 112910000430018 325 Ocean Drive 81 $16,535.88 2/4/11 55 $0
3/4/96 33139 179 08 0.75 9430018 Miami Beach $50,000.
30 9/5/96 18.00 03 172 1 $92,000.



<PAGE>
FL 12. 2 112930000430019 8077 Man-o-war 91 $59,767.68 2/20/21 95 $271000
2/20/96 33418 300 03 3.75 9430019 Palm Beach  $61,500.
42 2/20/96 18.00 02 292 1 $350,000.

FL 11.5 2 112930000430020 6513 Pines  92 $14,248.03 2/19/11 100 $56611
3/19/96 33023 179 05 3.25 9430020 Hollywood $15,200.
33 3/19/96 18.00 06 172 1 $72,000.


FL 8.75 2 112910000430021 1255 Collins  81 $7,876.12 2/9/21 80 $150000
3/9/96 33139 299 06 0.50 9430021 Miami Beach $23,600.
36 9/9/96 18.00 06 292 1 $217,000.

UT 9.25 2 149910000430027 1302 East Preston  91 $29,927.4 2/28/21 49 $89300
3/29/96 84004 298 05 1.00 9430027 Alpine $30,000.
45 4/30/96 18.00 01 293 1 $245,000.


MD 9. 2 124910000430028 5313 Dennis  81 $59,175.18 3/14/21 67 $207000
3/14/96 20764 300 03 0.75 9430028 Shady Side $60,000.
30 6/14/96 18.00 00 293 1 $401,000.






CA 11. 2 106920000430032 301 Downhan Ct 92 $41,709.03 2/28/21 87 $335600
3/29/96 94598 298 05 2.75 9430032 Walnut Creek $55,000.
44 4/30/96 18.00 01 293 1 $450,000.

CA 11. 2 106920000430041 770 Pleasant  91 $17,584.84 3/8/21 90 $89250
3/8/96 95619 300 05 2.75 9430041 Diamond Springs $17,850.
49 6/8/96 18.00 00 293 1 $119,000.


GA 10.25 2 113920000430045 2110 Cannon Way 91 $7,721.91 2/21/21 85 $127800
3/21/96 30064 299 05 2.00 9430045 Marietta $25,000.
22 6/21/96 18.00 06 292 1 $180,000.

HI 10.25 2 115920000430047 41-595 Poalima  91 $31,669. 2/20/21 90 $181000
2/20/96 96795 300 05 2.00 9430047 Waimanalo $33,200.
26 5/20/96 18.00 06 292 1 $238,000.



<PAGE>
HI 8.75 2 115910000430059 2339  81 $26,377.07 3/18/21 18 $1453
3/18/96 96782 300 05 0.50 9430059 Pearl City $50,000.
34 6/18/96 18.00 02 293 1 $295,000.

CA 9.75 2 106910000430060 15 Escuela Road 81 $23,855.96 4/15/11 70 $146748
5/15/96 95076 179 05 1.50 9430060 La Salva Beach $24,000.
34 8/15/96 18.00 06 174 1 $245,000.


FL 9.25 2 112910000430061 17719 B Gulf  81 $19,185.07 3/1/11 80 $150822
4/1/96 33708 179 05 1.00 9430061 Redington Beach $23,000.
43 7/1/96 18.00 03 173 1 $218,000.

NY 9.25 2 236910000430065 49 Ashel Lane 81 $21,215.22 2/15/21 65 $90973
3/15/96 10952 299 05 1.00 9430065 Monsey $100,000.
42 9/15/96 18.00 06 292 1 $295,500.


MD 12.25 2 124990000430067 6 Rozina CT 92 $25,388.17 5/1/11 100 $104000
4/22/96 21117 180 05 4.00 9430067 Owings Mills $26,000.
35 0 18.00 06 175 1 $130,000.

WA 11.5 2 153990000430070 22209 NE 19th ST 91 $37,079.48 4/23/21 84 $207000
4/23/96 ****** 300 03 3.25 9430070 Redmond $37,500.
46 7/23/96 18.00 06 294 1 $292,000.


CA 7.25 2 106990000430080 8512 Afton CIR 91 $38,894.26 4/17/21 90 $196500
5/17/96 92646 299 02 2.75 9430080 Huntington Beach $39,300.
45 11/17/96 18.00 01 294 1 $262,000.






CO 10.5 2 208920000430082 4329 Snowbird  91 $14,917.85 2/15/21 89 $128000
3/15/96 80020 299 05 2.25 9430082 Broomfield $15,000.
38 6/15/96 18.00 06 292 1 $161,000.

GA 9.25 2 113910000430084 735 Brookline  81 $47,314.78 3/7/11 80 $207000
3/8/96 30202 179 05 1.00 9430084 Alpharetta $47,400.
35 6/8/96 18.00 06 173 1 $318,000.



<PAGE>
GA 10.25 2 113920000430087 5970 Riverwood  91 $33,452.44 3/20/21 90 $280000
3/21/96 30328 299 05 2.00 9430087 Atlanta $35,000.
21 6/21/96 18.00 00 293 1 $350,000.

GA 10.25 2 113920000430088 6208 Traymore  91 $39,420.98 3/20/21 90 $206000
3/21/96 30082 299 03 2.00 9430088 Smyrna $41,250.
22 6/21/96 18.00 00 293 1 $275,000.


GA 10.5 2 113920000430091 829 Lakeglen  91 $33,646.64 3/11/21 90 $170250
3/12/96 30174 299 05 2.25 9430091 Suwanee $34,000.
45 6/12/96 18.00 06 293 1 $227,000.

GA 11.5 2 113920000430094 652 Gregg Drive 91 $21,686.42 3/20/21 90 $111750
3/15/96 30247 300 05 3.25 9430094 Lilburn $22,350.
30 6/15/96 18.00 06 293 1 $149,000.


NY 9.5 2 136910000430108 78 Willow Street 81 $298,088.07 6/1/11 61 $500000
5/7/96 10538 180 05 1.25 9430108 Larchmont $300,000.
14 8/7/96 18.00 00 176 1 $1,326,000.

CA 13. 2 106920000430113 35083 Beach RD 91 $149,855.75 2/11/21 85 $650000
3/11/96 92675 299 03 4.75 9430113 Dana Point $150,000.
18 6/11/96 18.00 06 292 1 $950,000.


CA 8.5 2 106910000430114 5816 Vicstone  91 $36,241.66 2/28/21 48 $66928
3/30/96 90232 298 05 0.25 9430114 Culver City $45,000.
24 4/30/96 18.00 01 293 1 $235,000.

CA 11. 2 106920000430115 751 North Central  91 $54,524.13 2/13/21 85 $207000
3/13/96 95008 299 05 2.75 9430115 Campbell $55,000.
41 6/13/96 18.00 00 292 1 $310,000.


CA 9.25 1 106910000430116 3203 North  81 $64,942.26 2/6/21 40 $0
2/6/96 91001 300 05 1.00 9430116 Altadena (area) $70,000.
45 5/6/96 18.00 01 292 1 $175,000.







<PAGE>
CA 12.5 2 206930000430118 5566 Indianwood  91 $34,426.74 3/1/11 92 $146400
4/1/96 ****** 179 05 4.25 9430118 Redding $34,500.
50 4/30/96 18.00 02 173 1 $198,000.

GA 10.5 2 113920000430119 511 Chatfield  91 $11,831.65 2/21/21 90 $160300
3/21/96 30064 299 03 2.25 9430119 Marietta $20,000.
38 6/21/96 18.00 06 292 1 $200,500.


CA 12. 2 106930000430121 22 Greenbriar  91 $77,981.78 3/17/11 95 $424000
4/17/96 94019 179 05 3.75 9430121 Half Moon Bay $79,500.
39 7/17/96 18.00 00 173 1 $530,000.

FL 9.25 2 212910000430122 1595 South  81 $47,059.86 3/26/11 77 $180000
3/22/96 33316 180 01 1.00 9430122 Fort Lauderdale $50,000.
38 9/22/96 18.00 02 173 1 $300,000.


AZ 12.5 2 204930000430123 13467 East Sorrel  91 $16,551.06 3/26/11 95 $303000
2/21/96 85259 181 03 4.25 9430123 Scottsdale $16,900.
50 9/21/96 18.00 06 173 1 $340,000.

GA 9.25 2 113910000430126 5176 Broadgreen  81 $32,164.14 3/3/11 80 $207000
3/4/96 30092 179 05 1.00 9430126 Norcross $33,000.
38 6/4/96 18.00 06 173 1 $300,000.


FL 11. 2 112920000430129 550 Ne 21 Avenue 91 $22,925.64 3/24/21 87 $185600
3/25/96 33441 299 03 2.75 9430129 Deerfield Beach $23,200.
45 6/25/96 18.00 06 293 1 $240,000.

CA 10.5 2 106920000430130 3639 Luy Road 91 $9,694.58 2/13/21 84 $200000
3/13/96 90034 299 05 2.25 9430130 Los Angeles $10,000.
28 6/13/96 18.00 01 292 1 $250,000.


CO 8.75 2 208910000430131 10193 W 75th  81 $14,961.66 2/16/21 78 $83675
3/16/96 80005 299 05 0.50 9430131 Arvada $35,000.
37 6/16/96 18.00 01 292 1 $154,000.

CO 12. 2 208930000430138 19005 East Oak  92 $30,567.46 2/15/11 100 $155993
3/15/96 80134 179 03 3.75 9430138 Parker $31,000.
49 3/15/96 18.00 02 172 1 $187,000.



<PAGE>
CA 11. 2 106920000430144 12265 Louise  91 $35,175.28 2/28/21 90 $280000
3/28/96 91344 299 05 2.75 9430144 Los Angeles $42,000.
41 6/28/96 18.00 01 293 1 $361,000.






UT 9.25 2 149910000430147 1222 East 2100  81 $34,357.24 3/1/21 32 $92908
4/1/96 84010 299 05 1.00 9430147 Boutiful $35,000.
31 7/1/96 18.00 03 293 1 $405,000.

CA 11. 2 206920000430148 1144 Englewild  91 $59,134.34 2/25/21 88 $466000
3/25/96 91740 299 05 2.75 9430148 Glendora $60,000.
38 6/25/96 18.00 02 292 1 $600,000.


PA 11.5 2 142920000430149 723 Jane Street 91 $19,995.18 3/14/21 90 $56350
3/14/96 15239 300 05 3.25 9430149 Pittsburgh $20,000.
48 6/15/96 18.00 02 293 1 $85,000.

NV 8.75 2 132910000430151 2105 Interbay  81 $25,922.54 2/27/11 53 $69571
3/27/96 89128 179 05 0.50 9430151 Las Vegas $30,000.
43 6/27/96 18.00 03 172 1 $188,000.


CA 10.5 2 106920000430156 1764 Western  91 $19,832.82 2/27/21 89 $157000
3/27/96 94952 299 05 2.25 9430156 Petaluma $20,000.
41 6/27/96 18.00 02 292 1 $200,000.

CA 12. 2 106930000430159 14901 Valeda  91 $29,054.81 3/1/11 91 $146250
4/1/96 90638 179 05 3.75 9430159 La Mirada $29,500.
42 7/1/96 18.00 01 173 1 $195,000.


CA 12. 2 206930000430162 656 Allbrook  91 $12,526.35 3/22/11 95 $145000
3/18/96 94513 180 05 3.75 9430162 Brentwood $12,700.
43 9/18/96 18.00 06 173 1 $166,000.

CA 11.5 2 106920000430164 5925 Bainbridge  91 $48,075.83 2/13/21 86 $580000
3/13/96 91301 299 03 3.25 9430164 Agoura Hills $72,500.
40 9/13/96 18.00 01 292 1 $760,000.



<PAGE>
CA 10. 2 106910000430165 46 Camino  81 $31,809.81 4/1/21 80 $487500
3/29/96 94563 300 03 1.75 9430165 Orinda $32,500.
49 9/29/96 18.00 02 294 1 $650,000.

FL 9.25 2 112910000430166 3113 Pinehurst  81 $9,732.45 2/21/11 70 $58800
3/21/96 33467 179 05 1.00 9430166 Lake Worth $10,500.
21 9/21/96 18.00 06 172 1 $99,000.


CA 12. 2 106920000430170 330 Longview DR 91 $32,306.61 2/21/21 90 $162000
3/21/96 95037 299 05 3.75 9430170 Morgan Hill $32,400.
45 6/21/96 18.00 00 292 1 $216,000.






CO 8.75 2 208910000430173 32977 Alpine  81 $25,998.59 2/18/21 71 $190528
3/18/96 80439 299 05 0.50 9430173 Evergree $50,000.
39 6/22/96 18.00 06 292 1 $340,000.

UT 9.25 2 149910000430176 1484 West  81 $69,332.26 3/8/21 75 $207000
3/8/96 84060 300 05 1.00 9430176 Park City $70,000.
35 6/8/96 18.00 01 293 1 $370,000.


CA 12. 2 106910000430177 722 Prague Street 91 $58,253.4 4/2/11 90 $126992
4/2/96 94112 180 05 0.38 9430177 San Francisco $60,000.
50 7/2/96 18.00 01 174 1 $210,000.

CA 9.25 2 106910000430185 3364 Canton Lane 81 $21,768. 3/11/21 80 $415000
3/11/96 91604 300 05 1.00 9430185 Los Angeles $25,000.
44 6/11/96 18.00 06 293 1 $550,000.


CA 9.25 2 106910000430186 4016 Forestwood  81 $21,270.02 2/7/11 24 $8788
3/7/96 95121 179 05 1.00 9430186 San Jose $50,000.
29 6/7/96 18.00 03 172 1 $250,000.

CA 11. 2 106920000430189 6 San Miguel  91 $29,287.41 3/8/21 83 $194320
3/8/96 93901 300 05 2.75 9430189 Salinas $45,000.
41 6/8/96 18.00 06 293 1 $290,000.



<PAGE>
MA 11. 2 125910000430190 65 Anderson ST 91 $36,587.2 2/7/21 90 $295200
2/7/96 02114 300 05 2.75 9430190 Boston $36,900.
34 8/1/96 18.00 06 292 1 $370,000.

CA 11.5 2 206920000430191 2709 East Chevy  91 $49,683.54 2/5/11 89 $262500
3/5/96 91206 179 05 3.25 9430191 Glendale $50,000.
41 6/5/96 18.00 02 172 1 $355,000.


CA 10.5 2 106910000430192 7538 Graystone  91 $39,120.45 2/12/21 90 $316000
3/12/96 91304 299 05 2.25 9430192 Los Angeles $39,500.
25 6/12/96 18.00 00 292 1 $395,000.

CA 9.25 2 206910000430193 80 Downey Way 81 $72,437.39 2/5/21 80 $626000
3/5/96 94010 299 05 1.00 9430193 Hillsborough $89,600.
33 9/5/96 18.00 06 292 1 $895,000.


CA 11. 2 106920000430194 344 Timberlake  91 $34,052.28 3/4/21 90 $172500
3/4/96 95148 300 05 2.75 9430194 San Jose $34,500.
43 9/4/96 18.00 06 293 1 $230,000.






CA 11. 2 106920000430197 6219 Monterey  91 $24,776.86 3/11/21 90 $125250
3/11/96 93422 300 05 2.75 9430197 Atascadero $25,000.
38 6/11/96 18.00 06 293 1 $167,000.

NV 12. 2 132930000430198 8208 Hercules  92 $18,591.61 3/2/11 100 $92091
4/2/96 89128 179 05 3.75 9430198 Las Vegas $20,000.
49 4/2/96 18.00 06 173 1 $112,500.


CA 12. 2 106920000430199 1779 Sunnyslope  91 $39,349.01 3/5/21 89 $194250
3/5/96 95023 300 05 3.75 9430199 Hollister $40,000.
46 6/5/96 18.00 06 293 1 $264,000.

CA 8.75 2 106910000430201 152 West College  81 $32,781.45 3/4/21 79 $159672
3/4/96 91711 300 05 0.50 9430201 Claremont $50,000.
30 6/4/96 18.00 06 293 1 $268,000.



<PAGE>
ID 10.5 2 116920000430203 5269 North  91 $17,885. 2/13/21 89 $97500
3/13/96 83703 299 03 2.25 9430203 Boise $18,200.
33 9/13/96 18.00 02 292 1 $130,000.

CA 11. 2 106920000430204 7668 Santa  91 $19,504.2 3/15/21 87 $131250
3/15/96 94928 300 05 2.75 9430204 Rohnert Park $20,000.
41 6/15/96 18.00 06 293 1 $175,000.


CA 10.5 2 206920000430205 2557 Macarthur  91 $24,670.81 2/7/11 90 $72200
3/7/96 94806 179 05 2.25 9430205 San Pablo $25,000.
30 6/7/96 18.00 06 172 1 $108,000.

CA 8.75 2 106910000430206 2752 Queens Way 81 $15,982.15 2/15/21 62 $207000
3/15/96 91362 299 05 0.50 9430206 Thousand Oaks $25,000.
29 9/15/96 18.00 00 292 1 $375,000.


CA 10.5 2 206920000430207 38642 Maracaibo  91 $34,246.55 2/7/21 86 $356250
3/7/96 92264 299 03 2.25 9430207 Palm Springs $49,990.
37 9/7/96 18.00 06 292 1 $475,000.

WA 11.5 2 253930000430212 511 Lyla Lane 91 $42,408.71 4/7/11 99 $130000
3/7/96 98225 181 05 3.25 9430212 Bellingham $43,000.
42 3/7/96 18.00 06 174 1 $176,000.


CA 11.5 2 106920000430213 5202 Clayton  91 $64,454.24 2/6/21 86 $520000
3/6/96 91750 299 03 3.25 9430213 La Verne $65,000.
44 6/6/96 18.00 00 292 1 $685,000.






CA 10.5 2 106920000430214 220 East Lime  91 $24,649.24 2/12/21 90 $148000
3/12/96 91016 299 05 2.25 9430214 Monrovia $24,800.
44 9/12/96 18.00 01 292 1 $192,000.

CA 9. 2 106910000430215 1762 Fordham  81 $68,425.05 3/12/21 30 $43487
3/12/96 94040 300 05 0.75 9430215 Mountain View $75,000.
27 6/12/96 18.00 06 293 1 $395,000.



<PAGE>
CA 10.5 2 206920000430221 20451 Hart Street 91 $21,400.72 2/15/21 90 $108750
3/15/96 91306 299 05 2.25 9430221 Los Angeles $21,500.
35 6/15/96 18.00 06 292 1 $145,000.

UT 7.25 2 149910000430223 2318 W  81 $15,184.53 3/3/21 77 $42496
4/3/96 84118 299 05 0.25 9430223 Taylorsville $24,700.
27 10/3/96 18.00 03 293 1 $88,400.


CO 8.5 2 208910000430224 3114 4th Street 81 $4,647.87 4/1/21 69 $182590
4/1/96 80304 300 05 0.25 9430224 Boulder $30,000.
30 7/1/96 18.00 06 294 1 $310,000.

GA 10.5 2 113920000430226 1373 Iverson  91 $21,801.12 2/18/21 90 $116250
3/18/96 30307 299 03 2.25 9430226 Atlanta $23,250.
36 9/19/96 18.00 06 292 1 $155,000.


PA 11.5 2 142930000430238 6931 Ruskin Lane 92 $13,483.28 2/16/11 100 $46820
3/16/96 19082 179 07 3.25 9430238 Upper Darby $13,500.
42 3/29/96 18.00 06 172 1 $60,500.

PA 9.25 2 142910000430245 6 McLaughlin  81 $19,794.98 2/13/21 59 $58924
3/13/96 18901 299 05 1.00 9430245 Doylestown $20,000.
39 9/14/96 18.00 06 292 1 $135,000.


CA 11. 2 106920000430246 16 Birdsong Lane 91 $36,689.89 4/1/21 90 $187500
3/28/96 94803 300 05 2.75 9430246 El Sobrante $37,500.
41 9/28/96 18.00 01 294 1 $250,000.

UT 11.5 2 149930000430248 390 North 200  92 $16,370.08 3/2/11 100 $101278
4/2/96 84062 179 05 3.25 9430248 Pleasant Grove $41,650.
45 4/2/96 18.00 03 173 1 $143,000.


CO 11. 2 208920000430251 1408 6th Avenue 91 $10,643.55 4/1/21 89 $64555
4/4/96 80501 299 05 2.75 9430251 Longmont $20,000.
32 7/4/96 18.00 06 294 1 $95,000.







<PAGE>
CA 12. 2 106920000430254 28680 Brush  91 $43,938.89 3/4/11 89 $238400
4/4/96 92687 179 05 3.75 9430254 Yorba Linda $44,700.
46 7/4/96 18.00 06 173 1 $320,000.

CA 12. 2 106930000430255 41 Santa Monica  92 $19,232.55 3/11/11 100 $173700
4/11/96 92656 179 03 3.75 9430255 Aliso Viejo Area $19,300.
31 4/19/96 18.00 06 173 1 $193,000.


CA 9.75 2 106910000430257 815 Paseo  81 $126,686.41 3/16/21 53 $980000
4/16/96 90272 299 05 1.50 9430257 Los Angeles $200,000.
50 7/16/96 18.00 03 293 1 $2,250,000.

CA 11. 2 106920000430265 1280 Hersman  91 $41,860. 3/19/21 90 $141000
3/19/96 95020 300 05 2.75 9430265 Gilroy $44,000.
50 6/19/96 18.00 06 293 1 $206,000.


CA 12. 2 106920000430266 112 Howard Drive 91 $99,933.05 3/19/21 86 $558806
3/19/96 94920 300 05 3.75 9430266 Tiburon $100,000.
46 6/20/96 18.00 01 293 1 $770,000.

CA 12. 2 106920000430267 69 Broadmoor  91 $73,260.99 3/20/21 90 $366386
3/20/96 94960 300 05 3.75 9430267 San Anselmo $74,000.
50 6/21/96 18.00 06 293 1 $490,000.


CA 10.5 2 106920000430270 400 West  91 $36,691.78 3/27/21 90 $186000
3/27/96 90631 300 05 2.25 9430270 La Habra $37,200.
34 6/27/96 18.00 06 293 1 $248,000.

CA 10.5 2 106920000430272 871 Cape York  91 $20,806.48 3/1/21 84 $199500
3/28/96 95133 299 05 2.25 9430272 San Jose $21,500.
41 6/28/96 18.00 06 293 1 $266,000.


CA 12. 2 106930000430273 1706 Marion  91 $49,043.99 3/26/11 95 $237800
3/26/96 94945 180 05 3.75 9430273 Novato $50,000.
43 6/26/96 18.00 06 173 1 $303,000.

CA 10.5 2 206920000430274 32508 Christine  91 $26,972.23 2/25/21 90 $140250
3/25/96 94587 299 05 2.25 9430274 Union City $28,050.
23 6/25/96 18.00 06 292 1 $189,000.



<PAGE>
UT 10.5 2 149930000430275 9811 North 4100  91 $30,657.06 3/21/21 90 $117000
3/21/96 84062 300 05 2.25 9430275 Cedar Hills $38,300.
34 6/21/96 18.00 06 293 1 $173,000.






CA 10.5 2 106920000430278 739 Durshire Way 91 $34,533.1 3/26/21 90 $280000
3/26/96 94087 300 05 2.25 9430278 Sunnyvale $35,000.
37 6/26/96 18.00 00 293 1 $350,000.

WA 12.5 2 153930000430279 7013 15th  91 $29,771.95 2/18/11 95 $124350
3/18/96 98115 179 05 4.25 9430279 Seattle $30,000.
48 6/18/96 18.00 06 172 1 $163,000.


WA 12. 2 153930000430280 13001 17th Street  92 $17,967.59 2/19/11 100 $136000
3/9/96 98258 179 05 3.75 9430280 Lake Stevens $18,000.
50 3/25/96 18.00 06 172 1 $155,000.

CA 11. 2 106920000430281 46 Conifer Way 91 $39,111.65 3/13/21 90 $231906
3/13/96 94973 300 05 2.75 9430281 Woodacre $40,000.
41 9/14/96 18.00 00 293 1 $305,000.


CA 12. 2 106930000430282 3065 Fifth Street 92 $29,500. 3/15/11 100 $80000
3/15/96 95917 180 05 3.75 9430282 Biggs $29,500.
50 4/15/96 18.00 01 173 1 $110,000.

MD 10.5 2 224920000430284 7 McCormick  91 $37,443.41 2/11/11 89 $236250
3/11/96 20850 179 03 2.25 9430284 Rockville $41,000.
38 9/11/96 18.00 01 172 1 $315,000.


CA 11. 2 106920000430285 1803 Speyer Lane  91 $34,474.74 1/27/21 90 $291900
2/27/96 90278 299 01 2.75 9430285 Redondo Beach $36,000.
48 5/27/96 18.00 00 291 1 $365,000.

NV 12. 2 132930000430286 1813 Francisco  91 $49,993.15 2/1/11 95 $272450
3/1/96 89128 179 03 3.75 9430286 Las Vegas $50,000.
37 6/1/96 18.00 00 172 1 $340,600.



<PAGE>
MD 11. 2 124920000430291 1904 Paris Court 91 $9,391.84 3/22/21 90 $127700
3/22/96 20716 300 05 2.75 9430291 Bowie $13,600.
40 6/22/96 18.00 06 293 1 $157,000.

OR 11. 2 141920000430293 10964 Southwest  91 $19,750.33 2/13/21 90 $155000
3/13/96 97223 299 05 2.75 9430293 Tigard $21,400.
33 6/13/96 18.00 06 292 1 $196,000.


CA 12.25 2 106990000430294 8469 Hollywood  91 $77,769.19 4/12/11 95 $418000
4/12/96 90069 180 05 4.00 9430294 Los Angeles $78,375.
38 7/12/96 18.00 00 174 1 $522,500.






NV 12. 2 132920000430296 390 Tucke Court 91 $91,500. 1/23/21 90 $142196
2/23/96 89410 299 05 3.75 9430296 Gardnerville $91,500.
49 5/23/96 18.00 02 291 1 $260,000.

OR 12. 2 141930000430300 310 Charlotte  92 $16,950. 3/13/11 100 $53250
3/13/96 97321 180 05 3.75 9430300 Albany $17,500.
44 3/13/96 18.00 06 173 1 $71,000.


CA 11. 2 106920000430304 1642 Waterloo  91 $24,312.96 2/8/21 83 $124287
3/8/96 90026 299 05 2.75 9430304 Los Angeles $25,000.
47 9/8/96 18.00 02 292 1 $180,000.

CA 10.75 2 106920000430306 548 Muskingum  91 $43,868.52 2/8/21 90 $354000
3/8/96 90272 299 05 2.50 9430306 Pacific Palisades $44,250.
31 6/8/96 18.00 00 292 1 $442,500.


FL 10.25 2 112920000430307 6832 Sw 152  91 $12,848.44 2/19/21 88 $64861
3/19/96 33193 299 01 2.00 9430307 Miami $13,000.
29 9/19/96 18.00 03 292 1 $88,500.

CA 10.5 2 106920000430308 3786 Via Dolce 91 $33,637.05 2/13/21 90 $172500
3/13/96 90292 299 01 2.25 9430308 Marina Del Ray  $34,500.
18 9/13/96 18.00 00 292 1 $230,000.



<PAGE>
NY 8.75 2 136910000430310 253 Lee Avenue 81 $9,103.93 2/22/21 45 $74442
3/22/96 10705 299 05 0.50 9430310 Yonkers $10,000.
34 6/27/96 18.00 06 292 1 $190,000.

CO 8.75 2 208910000430316 30105 Boyne  81 $37,063.7 3/21/21 74 $260730
3/21/96 80439 300 05 0.50 9430316 Evergreen $50,000.
37 6/21/96 18.00 06 293 1 $425,000.


ID 10.5 2 116910000430318 4453 East Kuna  91 $21,132.72 2/13/21 90 $101250
3/13/96 83634 299 05 2.25 9430318 Kuna $22,900.
39 9/13/96 18.00 06 292 1 $138,000.

AZ 10.5 2 104920000430319 16425 East  91 $9,381.27 2/15/21 90 $228600
3/11/96 85268 299 05 2.25 9430319 Fountain Hills $40,000.
36 9/11/96 18.00 06 292 1 $300,000.


ID 12. 2 116930000430320 10302 West  91 $15,602.35 2/14/11 95 $80250
3/14/96 83704 179 05 3.75 9430320 Boise $15,700.
43 3/14/96 18.00 02 172 1 $101,000.






CO 12. 2 208930000430321 35560 Upper  91 $63,864.8 2/20/11 97 $166295
3/20/96 80470 179 05 3.75 9430321 Pine $64,500.
45 3/20/96 18.00 06 172 1 $240,000.

CA 9.25 2 106910000430324 328 Tideway  81 $27,157.76 2/28/11 48 $114000
3/28/96 94501 179 05 1.00 9430324 Alameda $50,000.
27 6/28/96 18.00 02 173 1 $342,500.


CO 8.75 2 208910000430340 2150 E 138th  81 $27,902.52 2/19/21 54 $64288
3/19/96 80601 299 05 0.50 9430340 Brighton $50,000.
44 6/19/96 18.00 06 292 1 $215,000.

CA 10.5 2 106920000430343 21001 Cone And  91 $29,636.76 3/21/21 86 $202000
3/21/96 95949 300 05 2.25 9430343 Grass Valley $40,000.
39 6/21/96 18.00 01 293 1 $284,000.



<PAGE>
CA 7.25 2 106920000430347 3360 Walton Way 91 $48,404.67 4/1/21 90 $207000
4/5/96 95117 299 05 2.25 9430347 San Jose $49,500.
27 10/5/96 18.00 00 294 1 $285,000.

CA 11.25 2 206930000430351 8408 Balboa  92 $24,960.36 3/7/21 100 $100000
3/7/96 95209 300 05 3.00 9430351 Stockton $25,000.
29 3/7/96 18.00 03 293 1 $125,000.


CA 10.5 2 206930000430352 5335 Desert View  91 $28,986.41 2/20/21 90 $150000
3/20/96 92397 299 05 2.25 9430352 Wrightwood Area $30,000.
33 9/20/96 18.00 01 292 1 $200,000.

CA 9.75 2 106910000430353 1014 Bush Street 81 $19,677.51 2/11/21 78 $73543
3/11/96 95222 299 05 1.50 9430353 Angels Camp $20,000.
50 9/11/96 18.00 02 292 1 $120,000.


CA 8.75 2 206910000430354 1154 Community  81 $27,177.75 2/13/21 76 $121500
3/13/96 91917 299 05 0.50 9430354 Dulzura $30,000.
23 6/13/96 18.00 01 292 1 $200,000.

CA 12. 2 106930000430355 3800 Shadowhill  91 $49,540.89 3/13/11 95 $168500
3/13/96 95404 180 05 3.75 9430355 Santa Rosa $50,000.
43 6/13/96 18.00 02 173 1 $230,000.


CA 10.5 2 206920000430357 7227 Emami  91 $28,525.51 2/13/21 86 $420000
3/13/96 95120 299 05 2.25 9430357 San Jose $35,000.
34 9/13/96 18.00 01 292 1 $529,950.






CA 10.5 2 206920000430358 973 Grove Place 91 $3,707.12 2/12/21 85 $120000
3/12/96 92627 299 05 2.25 9430358 Costa Mesa $36,000.
44 6/12/96 18.00 01 292 1 $185,000.

CA 10.5 2 106920000430362 2792 Tucker Lane 91 $30,675.18 3/11/21 90 $248000
3/11/96 90720 300 05 2.25 9430362 Los Alamitos  $31,000.
31 6/12/96 18.00 00 293 1 $310,000.



<PAGE>
CA 11. 2 106920000430364 1673 Clearview  91 $34,451.89 3/14/11 90 $280000
3/14/96 94577 180 03 2.75 9430364 San Leandro $35,000.
49 6/14/96 18.00 00 173 1 $350,000.

VA 11. 2 151920000430365 3504 Willow  91 $46,426.12 3/14/21 90 $262500
3/14/96 22124 300 03 2.75 9430365 Oakton $50,000.
38 6/14/96 18.00 06 293 1 $350,000.


CA 7.25 2 106920000430367 1331 Northside  91 $30,436.62 3/9/21 90 $207000
4/9/96 94702 299 05 2.75 9430367 Berkeley $31,500.
38 10/9/96 18.00 00 293 1 $265,000.

CA 11. 2 106920000430368 4271 Solar Circle 91 $29,451.72 3/12/21 88 $79895
3/12/96 94587 300 03 2.75 9430368 Union City $30,000.
40 6/12/96 18.00 02 293 1 $126,000.


CO 7.25 2 208920000430371 9420 Oakbrush  91 $48,896.97 3/1/21 87 $276000
4/9/96 80124 298 05 2.25 9430371 Littleton $50,000.
44 10/10/96 18.00 01 293 1 $375,000.

CA 11. 2 106920000430375 22442 Alcudia 91 $37,414.61 3/4/21 88 $101370
4/4/96 92692 299 05 2.75 9430375 Mission Viejo $38,000.
31 7/4/96 18.00 06 293 1 $160,000.


CA 10.5 2 106920000430378 2998 Stevenson  91 $41,013.09 2/12/21 90 $206250
3/12/96 95051 299 05 2.25 9430378 Santa Clara $41,250.
36 6/12/96 18.00 02 292 1 $275,000.

CA 11. 2 206920000430379 2825 Haddington  91 $31,609.9 2/15/21 90 $416000
3/15/96 90064 299 05 2.75 9430379 Los Angeles $52,000.
30 9/15/96 18.00 00 292 1 $520,000.


CA 9.25 2 106910000430387 2056 West  81 $11,210.97 3/20/11 70 $113750
3/20/96 92804 180 05 1.00 9430387 Anaheim $15,750.
31 6/20/96 18.00 03 173 1 $185,000.







<PAGE>
CO 11.5 2 208910000430388 19155 E Nassau  92 $27,689.56 2/23/11 100 $92600
3/23/96 80013 179 05 3.25 9430388 Aurora $30,000.
40 3/23/96 18.00 06 172 1 $123,500.

UT 9.75 2 149910000430393 2377 North 450  81 $38,417.74 2/11/21 78 $84938
3/11/96 84036 299 05 1.50 9430393 Marion $42,000.
50 6/11/96 18.00 03 292 1 $164,000.


WA 8.75 2 153910000430395 4040 168 Ave Ne 81 $18,092.01 3/5/21 61 $172134
4/5/96 98052 299 05 0.50 9430395 Redmond $20,000.
37 7/5/96 18.00 03 293 1 $320,000.

CA 11. 2 106910000430397 1980 Eucalyptus  91 $23,188.14 3/15/21 85 $278000
3/15/96 94070 300 05 2.25 9430397 San Carlos $25,000.
41 6/15/96 18.00 06 293 1 $360,000.


CA 11. 2 106920000430400 4710 Neef Lane 91 $21,540.86 3/21/11 85 $164250
3/21/96 95682 180 05 2.75 9430400 Shingle Springs $21,900.
47 6/21/96 18.00 00 173 1 $220,000.

AZ 12. 2 104930000430404 13823 North 19th  91 $30,915.39 2/11/21 95 $117750
3/6/96 85022 299 05 3.75 9430404 Phoenix $31,400.
46 9/6/96 18.00 06 292 1 $157,000.


CA 10.5 2 106920000430408 1813 Rock Spring  91 $40,342.94 1/28/21 90 $206500
2/28/96 91320 299 03 2.25 9430408 Thousand Oaks $41,300.
38 5/28/96 18.00 00 291 1 $275,379.

FL 10.5 2 112920000430409 13113 Se Clarke  91 $22,821.09 2/25/21 84 $116200
3/25/96 33455 299 05 2.25 9430409 Hobe Sound $23,300.
35 9/26/96 18.00 00 292 1 $167,000.


CA 12. 2 106930000430411 26 Egret Lane 91 $14,192.33 3/5/11 97 $197950
4/5/96 92656 179 05 3.75 9430411 Aliso Viejo $15,000.
31 5/30/96 18.00 06 173 1 $220,000.

OR 12. 2 141930000430412 3115 Ne Holman  91 $17,827.88 3/5/11 95 $68822
4/5/96 97211 179 05 3.75 9430412 Portland $18,000.
45 7/5/96 18.00 03 173 1 $92,000.



<PAGE>
CA 9.75 2 106910000430415 240 South  81 $40,469.84 2/12/21 44 $207000
3/12/96 94904 299 05 1.50 9430415 Kentfield $100,000.
42 6/13/96 18.00 06 292 1 $700,000.






CA 7.25 2 106910000430417 124 Vista Del  81 $20,487.08 3/5/21 80 $179000
4/5/96 94526 299 05 1.50 9430417 Danville $21,000.
48 10/5/96 18.00 06 293 1 $250,000.

FL 7.25 2 112910000430418 2601 Jefferson  81 $12,594.7 3/1/11 78 $55755
4/1/96 33580 179 05 1.00 9430418 Sarasota $36,000.
45 10/1/96 18.00 03 173 1 $118,000.


CA 10.25 2 106920000430419 7500 Alverstone 91 $37,878.97 2/1/21 90 $191250
3/1/96 90045 299 05 2.00 9430419 Los Angeles $38,250.
27 6/1/96 18.00 00 292 1 $255,000.

CA 11.5 2 106920000430425 1563 Baywood  91 $33,075.78 5/1/21 90 $168750
4/4/96 94558 300 05 3.25 9430425 Napa $33,750.
41 7/4/96 18.00 06 295 1 $225,000.


OR 12. 2 141930000430428 14055 Southwest  91 $44,093.96 2/14/11 95 $179144
3/14/96 97005 179 05 3.75 9430428 Beaverton $44,100.
36 3/14/96 18.00 06 172 1 $235,000.

FL 7.25 2 112920000430431 7261 Twin Eagle  91 $19,187.48 3/8/21 82 $130450
4/8/96 33912 299 03 2.25 9430431 Ft Meyers $20,000.
35 10/8/96 18.00 03 293 1 $184,000.


CA 10.5 2 106920000430432 26832 Primavera  91 $35,225.43 3/21/21 88 $165000
3/21/96 92691 300 05 2.25 9430432 Mission Viejo $36,000.
24 6/21/96 18.00 02 293 1 $230,000.

CA 11. 2 106920000430433 3283 Lanier Place 91 $28,555.51 2/14/21 90 $144000
3/14/96 91360 299 05 2.75 9430433 Thousand Oaks $28,800.
40 6/14/96 18.00 00 292 1 $193,000.



<PAGE>
CA 9.75 2 206910000430435 5020 Indianola  81 $43,547.55 3/19/21 79 $424000
4/19/96 91011 299 05 1.50 9430435 La  $100,000.
25 7/19/96 18.00 06 293 1 $667,000.

CA 7.25 2 106990000430438 22831 Mercedes  90 $148,907.24 6/7/11 90 $670000
6/7/96 95014 180 05 3.00 9430438 Cupertino $149,000.
40 12/7/96 18.00 00 176 1 $910,000.


CA 8.75 2 106910000430445 1890 Nora Drive 81 $35,827.05 4/1/21 80 $144481
3/13/96 95023 300 05 0.50 9430445 Hollister $43,000.
45 6/13/96 18.00 01 294 1 $235,000.






CA 11. 2 106920000430446 11875 Rocoso  91 $67,551.57 2/8/21 90 $207000
3/8/96 92040 299 05 2.75 9430446 Lakeside $72,000.
29 9/8/96 18.00 06 292 1 $310,000.

CA 11. 2 106920000430447 2217 Via  91 $49,998.37 2/15/21 90 $404000
3/15/96 90274 299 05 2.75 9430447 Palos Verdes  $50,500.
42 6/15/96 18.00 00 292 1 $505,000.


WA 12. 2 153930000430450 4201 NW 387th  91 $63,214.01 2/19/11 94 $134700
3/19/96 98674 179 05 3.75 9430450 Woodland $75,000.
44 0 18.00 06 172 1 $225,000.

CA 11. 2 106920000430457 151 El Nido  91 $32,170.91 2/13/21 90 $207000
3/13/96 91016 299 05 2.75 9430457 Monrovia $41,250.
41 9/13/96 18.00 01 292 1 $277,000.


NV 11.5 2 132930000430458 4135 Monja CT 91 $14,070.07 1/23/11 96 $71322
2/23/96 89104 179 05 3.25 9430458 Las Vegas $14,200.
18 5/23/96 18.00 02 171 1 $90,000.

UT 12. 2 149930000430459 3836 South  91 $14,268.83 2/13/11 95 $77750
3/13/96 84044 179 05 3.75 9430459 Magna $14,400.
44 6/13/96 18.00 01 172 1 $97,500.



<PAGE>
CA 8.75 2 206910000430461 485 Pinewood  81 $6,726.83 2/18/21 80 $275250
3/18/96 94903 299 05 0.50 9430461 San Rafael $18,000.
41 6/18/96 18.00 01 292 1 $367,000.

OR 11. 2 141920000430463 18515 Couch  91 $24,712.37 2/20/21 88 $108463
3/20/96 97701 299 05 2.75 9430463 Bend $25,000.
45 6/20/96 18.00 06 292 1 $152,000.


CA 11. 2 206920000430466 15951 Via Paro 91 $25,725.17 2/18/21 90 $127000
3/18/96 94580 299 03 2.75 9430466 San Lorenzo $26,000.
47 6/18/96 18.00 01 292 1 $170,000.

CA 11.5 2 106920000430471 9620 Napoli Place 91 $40,696.91 2/12/21 90 $335386
3/12/96 90630 299 05 3.25 9430471 Cypress $42,000.
50 6/12/96 18.00 02 292 1 $420,000.


CA 9.25 2 106910000430472 12 Via Terracaleta 81 $149,961.99 2/20/21 80 $1000000
3/20/96 92679 299 03 1.00 9430472 Coto De Caza  $150,000.
43 9/20/96 18.00 06 292 1 $1,450,000.






CA 11. 2 106920000430475 116 Marathon  91 $24,131.01 2/18/21 90 $121850
3/18/96 91001 299 05 2.75 9430475 Los Angeles $24,400.
45 6/18/96 18.00 00 292 1 $162,500.

VA 9.75 2 151910000430476 1944 UPPER  81 $16,969. 4/1/21 57 $150000
3/15/96 22091 300 03 1.50 9430476 Reston $140,000.
42 6/15/96 18.00 06 294 1 $515,000.


CA 11. 2 106920000430477 30 Drakewood  91 $31,985.51 1/29/21 89 $256000
2/29/96 94947 299 05 2.75 9430477 Novato $32,500.
44 8/29/96 18.00 02 291 1 $325,000.

CA 12. 2 206930000430479 576 Parkside  92 $74,609.64 2/19/11 100 $267000
3/19/96 91910 179 05 3.75 9430479 Chula Vista $75,000.
36 4/30/96 18.00 06 172 1 $345,000.



<PAGE>
GA 9.75 2 113910000430486 10850 Centennial  81 $37,238.56 11/29/10 75 $200000
11/30/95 30202 179 03 1.50 9430486 Alpharetta $40,000.
36 2/29/96 18.00 00 169 1 $320,000.

CA 9.25 2 106910000430487 2695 Arlene Court 81 $24,539.87 3/8/21 62 $70000
4/8/96 93065 299 05 1.00 9430487 Simi Valley $25,000.
34 7/8/96 18.00 06 293 1 $155,000.


CA 12. 2 106930000430489 4601 Edison  92 $24,999.79 3/15/11 100 $120000
3/15/96 95821 180 05 3.75 9430489 Sacramento $30,000.
49 3/15/96 18.00 06 173 1 $150,000.

AZ 10.75 2 104920000430493 3934 East  91 $14,928.05 2/19/11 90 $75000
3/19/96 85044 179 03 2.50 9430493 Phoenix $15,000.
27 6/19/96 18.00 06 172 1 $100,000.


CA 12. 2 206930000430494 11581 Ellery  91 $5,684.84 3/21/11 95 $173600
3/21/96 92641 180 05 3.75 9430494 Garden Grove $32,500.
32 6/21/96 18.00 01 173 1 $217,000.

GA 11. 2 113920000430495 225 Turkey Trail 91 $29,580.9 4/1/21 86 $137318
3/12/96 31808 300 05 2.75 9430495 Forston $30,000.
31 6/12/96 18.00 06 294 1 $195,000.


CA 11. 2 106920000430497 25130 Valley  91 $14,554.18 3/8/11 85 $237200
4/8/96 94552 179 05 2.75 9430497 Castro Valley $14,800.
44 7/8/96 18.00 06 173 1 $296,531.






CA 7.25 2 106920000430499 281 Hazel Court 91 $22,015.32 3/8/21 90 $112500
4/8/96 94513 299 05 2.25 9430499 Brentwood $22,500.
43 10/8/96 18.00 06 293 1 $150,000.

OR 8.75 2 141910000430502 221 Se 119th 81 $14,655.45 3/8/11 80 $151750
4/8/96 97216 179 05 0.50 9430502 Portland $15,000.
40 7/8/96 18.00 03 173 1 $209,000.



<PAGE>
UT 7.25 2 149910000430504 1736 S Windsor  81 $54,218.03 3/10/21 80 $63160
4/10/96 84105 299 05 1.00 9430504 Salt Lake City $55,200.
41 10/10/96 18.00 03 293 1 $148,000.

CA 8.75 2 106910000430509 13616 Amber  81 $11,493.41 3/8/21 67 $105568
4/8/96 91710 299 05 0.50 9430509 Chino $20,000.
39 7/8/96 18.00 03 293 1 $190,000.


CA 11. 2 106990000430510 14362 Shirley ST 91 $34,941.16 3/11/21 90 $120202
4/11/96 92683 299 05 2.75 9430510 Westminster $36,000.
45 7/11/96 18.00 06 293 1 $174,000.

CA 11. 2 106920000430514 812 Gardenia Way 91 $47,215.79 2/11/21 90 $247130
3/11/96 92625 299 03 2.75 9430514 Corona Del Mar $49,100.
45 9/11/96 18.00 06 292 1 $330,000.


CA 7.25 1 106910000430515 10777 Winnetka  81 $159,493.08 3/13/11 34 $0
4/13/96 91311 179 05 1.75 9430515 Los Angeles $500,000.
39 10/13/96 18.00 01 173 1 $1,500,000.

CA 11.5 2 106920000430517 232 Norma Court 91 $21,434.37 2/7/21 83 $96570
3/7/96 91791 299 05 3.25 9430517 West Covina $21,450.
47 6/7/96 18.00 06 292 1 $143,000.


CA 11. 2 106930000430519 9833 Shoshone  91 $28,499.59 2/13/21 90 $232400
3/13/96 91325 299 05 2.75 9430519 Los Angeles $29,000.
45 9/13/96 18.00 00 292 1 $290,500.

UT 11.5 2 149920000430523 3938 West 4955  91 $33,719.02 2/11/21 90 $45939
3/11/96 84118 299 05 3.25 9430523 Salt Lake City $34,000.
42 6/11/96 18.00 06 292 1 $89,000.


CA 8.75 2 206910000430524 6 Baldwin Avenue 81 $12,509.84 2/18/21 63 $100000
3/18/96 94525 299 05 0.50 9430524 Crockett $25,000.
35 6/18/96 18.00 01 292 1 $200,000.







<PAGE>
CA 11.5 2 106920000430525 515 Thistle Circle 91 $20,900.45 2/13/21 90 $107200
3/13/96 94553 299 03 3.25 9430525 Martinez $21,300.
50 9/13/96 18.00 00 292 1 $143,000.

CA 12. 2 206930000430526 3635 Sara Drive 92 $67,855.52 2/18/11 100 $217053
3/18/96 90503 179 05 3.75 9430526 Torrance $67,900.
39 3/26/96 18.00 06 172 1 $285,000.


CA 12.5 2 106930000430527 29372 Avocet LN 91 $33,641.83 2/22/11 95 $370000
3/22/96 92677 179 03 4.25 9430527 Laguna Niguel $33,700.
49 9/22/96 18.00 06 172 1 $425,000.

CA 9.25 2 106910000430528 4385 Calavo  81 $72,592.99 2/25/21 75 $207000
3/25/96 91941 299 05 1.00 9430528 La Mesa $74,200.
44 9/25/96 18.00 06 292 1 $375,000.


CA 11. 2 206920000430529 400 N. Jefferson  91 $9,979.21 2/27/21 89 $185052
3/27/96 92632 299 05 2.75 9430529 Fullerton $10,000.
34 6/27/96 18.00 06 292 1 $220,000.

CA 9.25 2 206910000430531 36628 Oak Ridge  81 $14,158.59 2/26/21 38 $114376
3/26/96 92399 299 05 1.00 9430531 Yucaipa $35,000.
47 6/26/96 18.00 06 292 1 $400,000.


CA 8.75 2 106910000430533 1385 Sierra  81 $40,449.98 2/25/21 70 $258000
3/25/96 91107 299 05 0.50 9430533 Pasadena $43,000.
37 9/25/96 18.00 06 292 1 $430,000.

CA 11. 2 206920000430535 19350 Bainter  91 $40,287.27 2/27/21 88 $495000
3/27/96 95030 299 05 2.75 9430535 Los Gatos $50,000.
31 6/27/96 18.00 06 292 1 $620,000.


CA 10.5 2 106920000430538 5912 East  91 $41,767.53 3/28/21 90 $207000
3/28/96 92669 300 03 2.25 9430538 Orange $42,350.
34 6/28/96 18.00 06 293 1 $277,500.

CA 11.5 2 206910000430539 13181 Azalea  91 $19,165.4 2/21/21 90 $139287
3/21/96 95006 299 05 3.25 9430539 Boulder Creek $35,000.
49 6/21/96 18.00 06 292 1 $194,500.



<PAGE>
CA 11. 2 106920000430545 3094 Lakemont  91 $24,656.22 3/15/21 87 $196808
3/15/96 94583 300 01 2.75 9430545 San Ramon $25,000.
39 6/15/96 18.00 02 293 1 $255,000.






CA 8.75 2 106910000430548 2631 Ivanhoe  81 $34,508.37 4/1/21 58 $150000
3/13/96 90039 300 05 0.50 9430548 Los Angeles Ca $40,000.
44 6/13/96 18.00 06 294 1 $330,000.

CO 9.25 2 208910000430549 3668 Valley  81 $15,446.28 2/25/21 78 $128000
3/25/96 80538 299 05 1.00 9430549 Loveland $20,000.
48 6/25/96 18.00 06 292 1 $190,000.


FL 10.5 2 112920000430550 13211 Mustang  91 $39,955.2 3/27/21 89 $202500
3/28/96 33330 299 05 2.25 9430550 Fort Lauderdale $40,500.
36 6/28/96 18.00 00 293 1 $273,500.

GA 8.5 2 113910000430551 19 Carriage Oaks  81 $26,493.7 3/21/21 80 $139000
3/22/96 30064 299 05 0.25 9430551 Marietta $29,000.
23 6/22/96 18.00 06 293 1 $210,000.


CO 9.25 2 208910000430556 8007 Culebra  81 $22,985.18 2/22/11 60 $46662
3/22/96 80127 179 03 1.00 9430556 Littleton $25,000.
39 6/22/96 18.00 02 172 1 $120,000.

CA 12. 2 106930000430557 1811 West  92 $34,695.24 3/18/11 100 $135050
3/18/96 90026 180 05 3.75 9430557 Los Angeles $34,700.
36 4/30/96 18.00 06 173 1 $171,355.57


CA 10.5 2 106920000430559 118 SEASCAPE  91 $48,260.44 4/1/21 90 $157792
3/15/96 94591 300 05 2.25 9430559 Vallejo $49,000.
44 6/15/96 18.00 06 294 1 $230,000.

CA 10.5 2 106920000430561 3238 Granada  91 $25,005.41 3/21/21 90 $206400
3/21/96 92104 300 05 2.25 9430561 San Diego $25,800.
42 6/21/96 18.00 02 293 1 $258,000.



<PAGE>
CA 10.5 2 106920000430563 770 Anacapa  91 $39,850.78 3/22/21 90 $202500
3/22/96 93010 300 05 2.25 9430563 Camarillo $40,500.
41 6/22/96 18.00 00 293 1 $270,000.

FL 9.25 2 112910000430569 12016  81 $19,632.82 4/1/21 71 $110000
3/18/96 33626 300 03 1.00 9430569 Tampa $100,000.
33 6/18/96 18.00 01 294 1 $296,000.


CA 12.5 2 206930000430575 24960 Via Cuenca 91 $32,651.84 2/21/11 95 $127989
3/21/96 92563 179 05 4.25 9430575 Murrieta $33,000.
49 6/21/96 18.00 02 172 1 $170,000.






CA 11. 2 106920000430582 1195 Mardon  91 $40,429.98 2/11/21 90 $207000
3/11/96 94521 299 05 2.75 9430582 Concord $41,400.
44 9/11/96 18.00 01 292 1 $276,000.

CA 11. 2 106920000430584 3877 Fairway  91 $54,948.12 2/5/21 90 $164290
3/5/96 90043 299 05 2.75 9430584 Los Angeles $56,000.
38 9/5/96 18.00 02 292 1 $245,000.


CA 10.5 2 206920000430585 1053 Silver  91 $23,692.44 2/21/21 90 $165000
3/21/96 92083 299 05 2.25 9430585 Vista $24,000.
39 6/21/96 18.00 01 292 1 $210,000.

CA 11.5 2 106920000430586 126 El Copa Lane 91 $24,768.33 2/13/21 90 $100500
3/13/96 92083 299 05 3.25 9430586 Vista $25,500.
46 6/13/96 18.00 02 292 1 $140,000.


CO 8.75 2 208910000430588 12397 Oakland  81 $28,870.88 2/22/21 67 $52852
3/22/96 80640 299 05 0.50 9430588 Henderson $30,000.
42 6/22/96 18.00 06 292 1 $125,000.

CA 11. 2 106930000430589 71 Tarman Drive 91 $24,465.85 4/16/21 90 $123750
4/16/96 95425 300 05 2.75 9430589 Cloverdale $24,700.
35 7/16/96 18.00 01 294 1 $165,000.



<PAGE>
VA 11. 2 151920000430590 6100 James  91 $35,000. 3/28/21 84 $50000
3/28/96 22069 300 05 2.75 9430590 Haymarket $53,500.
44 6/28/96 18.00 00 293 1 $124,000.

CA 10.5 2 106920000430606 181 Helmsman  91 $9,161.69 3/10/21 90 $135000
4/10/96 94591 299 05 2.25 9430606 Vallejo $27,000.
22 7/10/96 18.00 01 293 1 $180,000.


CA 7.25 2 106930000430610 9716 Wendover  91 $71,168.07 3/23/21 89 $600000
4/23/96 90210 299 03 2.75 9430610 Los Angeles $75,000.
43 10/23/96 18.00 00 293 1 $763,000.

NM 11. 2 135920000430622 9209 Meriwether  91 $27,352.61 4/1/21 89 $148500
3/25/96 87109 300 05 2.75 9430622 Albuquerque $27,700.
38 6/25/96 18.00 01 294 1 $198,000.


CA 11. 2 206930000430623 13801 Round  91 $28,066.19 3/1/21 91 $136986
4/1/96 93308 299 05 2.75 9430623 Bakersfield $29,600.
45 7/1/96 18.00 06 293 1 $185,000.






CA 11. 2 106920000430624 619 Elm Tree  91 $64,392.99 2/13/11 87 $130000
3/13/96 92028 179 05 2.75 9430624 Fallbrook $65,000.
42 6/13/96 18.00 00 172 1 $226,500.

UT 7.25 2 149910000430626 720 East Gables  81 $5,050.88 3/11/21 76 $65130
4/11/96 84047 299 01 0.50 9430626 Midvale $10,000.
28 10/11/96 18.00 03 293 1 $100,000.


MA 8.75 2 225910000430627 107 Colonial  81 $16,877.96 4/10/21 80 $215600
4/10/96 01810 300 05 0.50 9430627 Andover $40,000.
35 7/10/96 18.00 06 294 1 $320,000.

CA 11. 2 106920000430630 3943 Aragon  91 $23,567.76 2/18/21 90 $120000
3/18/96 92115 299 05 2.75 9430630 San Diego $24,000.
41 9/18/96 18.00 01 292 1 $160,000.



<PAGE>
CA 12. 2 106930000430631 19937 Terri Drive 91 $20,420.82 2/22/11 95 $152500
3/22/96 91351 179 01 3.75 9430631 Canyon Country $20,400.
44 6/22/96 18.00 01 172 1 $182,000.

CA 12. 2 106930000430632 2585 Fir Park  92 $98,324.6 2/6/11 100 $393600
3/6/96 95404 179 05 3.75 9430632 Santa Rosa $98,400.
42 3/6/96 18.00 02 172 1 $492,000.


CA 10.75 2 106920000430633 14839 West  91 $11,573.65 2/7/21 90 $390000
3/7/96 90272 299 05 2.50 9430633 Los Angeles $69,000.
28 6/7/96 18.00 06 292 1 $510,000.

CA 12. 2 106930000430634 3491 Coy Drive 91 $42,800. 2/11/11 95 $224000
3/11/96 91423 179 05 3.75 9430634 Los Angeles $43,900.
45 3/22/96 18.00 06 172 1 $282,000.


CA 9.75 2 106910000430635 12918 Del Sur  81 $38,295.43 2/15/21 79 $72000
3/15/96 91340 299 05 1.50 9430635 Los Angeles $39,000.
50 9/15/96 18.00 06 292 1 $142,000.

CA 11.5 2 106920000430638 300 North El  91 $30,236.17 2/13/21 90 $176481
3/13/96 91801 299 05 3.25 9430638 Alhambra $30,500.
46 6/13/96 18.00 06 292 1 $230,000.


CA 10.75 2 106910000430639 871 East  91 $25,188.41 2/18/11 90 $359200
3/18/96 91207 179 05 2.50 9430639 Glendale $44,900.
27 9/18/96 18.00 00 172 1 $450,000.






UT 10.75 2 149920000430640 1418 East 7200  91 $18,786.42 2/15/11 89 $108876
3/15/96 84121 179 05 2.50 9430640 Salt Lake City $22,000.
29 6/15/96 18.00 06 172 1 $148,000.

CA 11.5 2 106920000430641 27739 Barrett  91 $27,622.06 2/15/11 90 $130903
3/15/96 91350 179 05 3.25 9430641 Saugus $28,000.
49 6/15/96 18.00 06 172 1 $177,000.



<PAGE>
CA 8.25 2 106910000430642 2 Shady Lane 81 $69,000. 2/20/21 74 $158000
3/20/96 94952 299 05 1.50 9430642 Petaluma $70,000.
50 3/25/96 18.00 06 292 1 $311,500.

CA 11. 2 106920000430643 1164 Calle Del  91 $46,150.46 2/18/21 90 $115000
3/18/96 92069 299 01 2.75 9430643 San Marcos $47,000.
32 9/18/96 18.00 06 292 1 $180,000.


OR 9.25 2 141910000430646 32 S.e. Kelsey  81 $13,086.87 2/21/21 80 $90515
3/21/96 97140 299 05 1.00 9430646 Sherwood $13,400.
33 9/21/96 18.00 06 292 1 $130,000.

CA 11.5 2 106910000430647 1377 Nightshade  81 $4,307.72 2/20/21 80 $203600
3/20/96 92009 299 05 3.25 9430647 Carlsbad $10,000.
46 6/20/96 18.00 00 292 1 $267,000.


CA 11. 2 106910000430648 314 Bodega Way 91 $37,900.05 2/13/21 90 $193500
3/13/96 95119 299 05 2.75 9430648 San Jose $38,700.
37 9/13/96 18.00 00 292 1 $258,000.

CA 8.25 2 106910000430649 1420 Pacific  81 $33,127.09 2/20/21 74 $189869
3/20/96 92109 299 05 2.75 9430649 San Diego $50,000.
44 3/27/96 18.00 06 292 1 $325,000.


CA 11. 2 106910000430650 2301 Barbury  81 $22,418.04 2/14/21 78 $150000
3/14/96 94553 299 03 2.75 9430650 Martinez $25,000.
30 6/14/96 18.00 06 292 1 $225,000.

CA 10.75 2 106920000430651 3814 San Rafael  91 $20,644.38 2/21/11 87 $105000
3/21/96 90065 179 05 2.50 9430651 Los Angeles $21,000.
21 3/27/96 18.00 06 172 1 $145,000.


CA 8.25 2 106920000430652 1699 Morning  91 $34,512.31 2/15/21 85 $207000
3/15/96 95124 299 05 2.75 9430652 San Jose $35,000.
44 9/15/96 18.00 06 292 1 $285,000.







<PAGE>
CA 11. 2 106920000430653 15652 Borges  91 $23,801.25 2/6/21 90 $192000
3/6/96 93021 299 05 2.75 9430653 Moorpark $24,000.
30 6/6/96 18.00 00 292 1 $240,000.

GA 10.5 2 113920000430655 2780 Broxton  91 $14,253.97 1/29/21 90 $80000
2/29/96 30278 299 05 2.25 9430655 Snellville $14,500.
32 5/29/96 18.00 06 291 1 $105,000.


GA 10.25 2 113920000430657 1260 Timberline  91 $28,495.32 3/27/11 87 $191400
3/28/96 30202 179 03 2.00 9430657 Alpharetta $28,900.
25 6/28/96 18.00 00 173 1 $256,000.

CA 11.5 2 206920000430659 4454 Berryman  91 $92,644.68 2/25/21 89 $203150
3/25/96 90230 299 05 3.25 9430659 Los Angeles $95,000.
40 6/25/96 18.00 01 292 1 $335,500.


NM 9.75 2 235910000430664 4454 Sandalwood  81 $166,669.36 4/2/21 80 $53640
3/28/96 88011 300 05 1.50 9430664 Las Cruces $174,000.
46 9/28/96 18.00 02 294 1 $285,000.

CA 10.5 2 106920000430665 42900 Warner  91 $10,605.54 2/25/21 90 $139500
3/25/96 92260 299 05 2.25 9430665 Palm Desert $27,000.
26 6/25/96 18.00 01 292 1 $185,000.


CA 12. 2 106920000430669 1044 5th Street  91 $36,128.99 3/18/21 90 $292000
3/18/96 90403 300 01 3.75 9430669 Santa Monica $36,500.
39 6/18/96 18.00 01 293 1 $365,000.

WI 8.75 2 226910000430676 W351 N6571  81 $9,843.38 4/4/21 80 $142000
4/4/96 53066 300 05 0.50 9430676 Oconomowoc $15,600.
29 7/30/96 18.00 06 294 1 $197,000.


CA 7.25 2 206920000430677 6509  91 $108,794.49 4/3/11 90 $696250
5/3/96 90265 179 05 3.75 9430677 Malibu $109,250.
49 11/3/96 18.00 00 174 1 $895,000.

CA 9.25 2 106910000430678 162 Ranch Lane 81 $49,392.66 3/1/11 69 $215000
4/1/96 93111 179 03 1.00 9430678 Santa Barbara $50,000.
34 5/31/96 18.00 06 173 1 $386,000.



<PAGE>
OR 7.25 2 141910000430679 8435 Sw La  81 $25,926.84 3/9/21 79 $63171
4/9/96 97224 299 05 0.25 9430679 Tigard $30,000.
28 10/9/96 18.00 03 293 1 $118,000.






OR 10.5 2 141920000430680 4880 Sw Scholls  91 $11,310. 3/9/21 89 $76973
4/9/96 97225 299 01 2.25 9430680 Portland $20,000.
44 7/9/96 18.00 03 293 1 $110,000.

MA 10.75 2 125920000430682 30 Vista Avenue 91 $90,180.16 3/12/21 90 $414000
3/12/96 02166 300 05 2.50 9430682 Newton $90,900.
27 9/12/96 18.00 06 293 1 $561,000.


GA 11. 2 113920000430683 4655 Gran River  91 $40,537.53 3/27/21 88 $203150
3/28/96 30136 299 03 2.75 9430683 Duluth $40,750.
43 6/28/96 18.00 00 293 1 $278,000.

TN 11. 2 247920000430688 1909 Cedar Lane 91 $49,739.7 2/28/21 90 $388000
2/28/96 37912 300 05 2.75 9430688 Knoxville $50,000.
45 5/28/96 1400.00 02 293 1 $488,000.


FL 9.25 2 212910000430690 1790 Red Fish  81 $4,443.27 2/26/21 50 $57612
3/26/96 32561 299 05 1.00 9430690 Gulf Breeze $15,000.
47 6/24/96 18.00 06 292 1 $146,000.

CA 10.5 2 106920000430691 1602 Sparkling  91 $15,627.38 2/27/21 90 $181500
3/27/96 95125 299 03 2.25 9430691 San Jose $36,300.
37 6/27/96 18.00 00 292 1 $242,000.


GA 9.25 2 113910000430694 1840 Bentwood  81 $4,663.35 3/28/21 79 $70000
3/29/96 30131 299 03 1.00 9430694 Cumming $77,000.
35 6/29/96 18.00 00 293 1 $187,000.

FL 12. 2 112920000430698 5211 Ne 18th Ter 91 $25,888.92 2/27/21 89 $102200
3/27/96 33308 299 05 3.75 9430698 Ft Lauderdale $26,300.
40 9/27/96 18.00 02 292 1 $146,000.



<PAGE>
FL 11. 2 112920000430700 10739 Sw 44  91 $39,817.81 2/22/21 88 $70611
3/22/96 33165 299 05 2.75 9430700 Miami $40,000.
47 6/22/96 18.00 02 292 1 $126,000.

MD 11. 2 124920000430702 9720 Robert Jay  91 $30,462.19 4/1/21 89 $207000
3/21/96 21042 300 05 2.75 9430702 Ellicott City $53,000.
35 6/21/96 18.00 00 294 1 $295,000.


CA 8.75 2 106910000430710 460 Hidden Acres  81 $17,195.98 4/25/21 79 $262500
4/25/96 95448 300 05 0.50 9430710 Healdsburg $17,500.
35 7/25/96 18.00 01 294 1 $355,000.






NM 12. 2 135930000430714 312 Bell Park  91 $9,214.11 4/1/11 95 $51739
3/22/96 87108 180 07 3.75 9430714 Albuquerque $10,000.
36 6/22/96 18.00 02 174 1 $65,000.

CA 10.75 2 106990000430715 1027 Burlwood  81 $39,558.93 4/24/21 54 $97000
4/24/96 95120 300 05 2.50 9430715 San Jose $100,000.
50 7/24/96 18.00 02 294 1 $365,500.


CA 7.25 2 106990000430716 1037 S Sierra  91 $32,533.21 4/7/21 90 $263200
5/7/96 90019 299 05 2.75 9430716 Los Angeles $32,900.
36 11/7/96 18.00 00 294 1 $329,000.

MA 11. 2 225920000430719 13 Swan Pond  91 $36,145.96 4/10/21 90 $178000
4/10/96 01864 300 05 2.75 9430719 North Reading $36,200.
39 7/10/96 18.00 06 294 1 $238,000.


CA 10.5 2 206920000430721 9 La Solita 91 $19,000. 2/26/21 82 $206600
3/26/96 92610 299 03 2.25 9430721 Foothill Ranch $30,000.
31 6/26/96 18.00 01 292 1 $290,000.

CA 11. 2 106920000430722 7435 Castano  91 $21,688.2 4/1/21 90 $108700
3/22/96 93422 300 05 2.75 9430722 Atascadero $21,800.
43 6/22/96 18.00 01 294 1 $145,000.



<PAGE>
FL 12.5 2 212930000430725 1266 East  92 $27,010.9 3/12/11 100 $82500
4/12/96 33417 179 05 4.25 9430725 West Palm Beach $27,500.
30 5/12/96 18.00 02 173 1 $110,000.

NM 11. 2 135920000430728 102 Camino Rayo  91 $38,869.42 4/1/21 82 $197100
3/28/96 87048 300 05 2.75 9430728 Albuquerque $39,400.
34 6/28/96 18.00 00 294 1 $289,000.


CA 7.25 2 106910000430729 428 1st Avenue 81 $17,602.37 4/1/11 41 $14314
4/8/96 94063 179 05 1.00 9430729 Redwood City $50,000.
43 10/8/96 18.00 02 174 1 $160,000.

CA 11. 2 106920000430730 5169 West 136th  91 $14,742.83 3/10/21 88 $156400
4/10/96 90250 299 05 2.75 9430730 Hawthorne Area $15,000.
44 7/10/96 18.00 06 293 1 $196,000.


CA 9.25 2 106910000430735 5230 Ledgewood  81 $32,783.04 4/1/11 65 $59630
3/21/96 90280 180 05 1.00 9430735 Southgate $50,000.
34 6/21/96 18.00 01 174 1 $169,900.






MA 11.25 2 125920000430736 24 Hallett Hill  91 $75,237.85 3/13/21 89 $418657
4/16/96 02193 298 05 3.00 9430736 Weston $75,000.
23 7/16/96 18.00 06 293 1 $560,000.

UT 8.75 2 149910000430737 6918 Kings  81 $28,411.46 2/22/21 80 $47717
3/22/96 84120 299 05 0.50 9430737 West Valley City $29,000.
41 9/22/96 18.00 03 292 1 $96,000.


UT 7.25 2 149910000430738 1734 Imperial  81 $21,394.15 3/11/21 67 $88505
4/11/96 84106 299 03 1.50 9430738 Salt Lake City $25,000.
48 10/11/96 18.00 03 293 1 $171,000.

CA 9.75 2 106910000430739 5866 Oakhill  81 $58,816.57 3/9/21 76 $560000
4/9/96 93455 299 05 1.50 9430739 Santa Maria $60,000.
40 7/9/96 18.00 06 293 1 $820,000.



<PAGE>
WA 7.25 2 153930000430740 15824 Larch Way 91 $22,925.49 3/10/11 95 $147349
4/10/96 98037 179 05 3.75 9430740 Lynwood $23,600.
45 10/10/96 18.00 03 173 1 $180,000.

CA 12. 2 106930000430743 3804 Ziana Road 91 $18,134.95 2/21/11 95 $150852
3/21/96 95682 179 05 3.75 9430743 Cameron Park $18,200.
45 3/21/96 18.00 02 172 1 $178,000.


CA 10.5 2 106920000430745 5793 Smith  91 $28,874.68 2/22/21 90 $146250
3/22/96 94560 299 05 2.25 9430745 Newark $29,250.
29 6/22/96 18.00 00 292 1 $195,000.

ME 8.75 2 123910000430746 Sahagian Road 81 $21,194.36 2/21/21 68 $90000
3/21/96 04101 299 05 0.50 9430746 Belgrade Lakes $40,000.
32 6/21/96 18.00 00 292 1 $194,000.


CA 11. 2 206920000430747 479 Manzanita  91 $20,497.16 2/25/21 89 $112500
3/25/96 94533 299 05 2.75 9430747 Fairfield $21,000.
43 9/25/96 18.00 06 292 1 $150,000.

CA 9.75 2 106910000430748 120 Lyon Street 81 $38,930.52 3/28/21 80 $360000
3/28/96 94117 300 05 1.50 9430748 San Francisco $50,000.
48 6/28/96 18.00 06 293 1 $516,000.


CA 10.5 2 106920000430749 159 Moraga Way 91 $22,261.39 2/22/21 90 $276000
3/22/96 94563 299 05 2.25 9430749 Orinda $34,155.
26 6/22/96 18.00 06 292 1 $345,000.






CA 10.5 2 106920000430750 41 Ridgewood  91 $35,757.93 3/18/21 90 $295200
3/18/96 94901 300 05 2.25 9430750 San Rafael $36,900.
31 6/18/96 18.00 00 293 1 $370,000.

CA 11.5 2 106920000430752 5 Brindisi 91 $86,081.88 2/27/11 90 $326138
3/27/96 92677 179 05 3.25 9430752 Laguna Niguel $87,800.
44 9/27/96 18.00 06 172 1 $460,000.



<PAGE>
CA 9.25 2 106910000430753 22431 Avena  81 $141,022.38 2/18/11 73 $1400000
3/18/96 92679 179 03 1.00 9430753 Coto De Caza  $200,000.
39 9/18/96 18.00 06 172 1 $2,200,000.

CA 10.75 2 106920000430755 640 Hunters Trail 91 $38,527.62 2/25/11 90 $189878
3/25/96 91740 179 05 2.50 9430755 Glendora $39,500.
30 9/25/96 18.00 06 172 1 $255,000.


CA 9.25 2 106910000430760 17060 Lon Road 81 $36,720.06 3/27/11 43 $84000
3/27/96 95030 180 05 1.00 9430760 Los Angeles $50,000.
42 6/27/96 18.00 06 173 1 $312,000.

CA 12. 2 106930000430762 1967 Rose Lane 91 $30,039.28 3/25/11 95 $135000
3/25/96 94523 180 05 3.75 9430762 Pleasant Hill $30,400.
44 6/25/96 18.00 06 173 1 $175,000.


WA 10.25 2 153910000430763 3910 West Lyons  91 $41,433.61 3/20/21 89 $73343
3/20/96 99208 300 05 2.00 9430763 Spokane $42,000.
27 6/20/96 18.00 06 293 1 $130,000.

CA 9.75 2 106910000430764 810 Wooded  81 $45,244.28 2/18/21 75 $640000
3/18/96 94539 299 05 1.50 9430764 Fremont $46,000.
50 6/18/96 18.00 06 292 1 $915,000.


CA 11. 2 106920000430765 141 Countrywood  91 $14,621.12 2/26/21 85 $111750
3/26/96 94954 299 09 2.75 9430765 Petaluma $14,900.
47 9/26/96 18.00 00 292 1 $149,000.

CA 11.5 2 106920000430766 11282 Corte  91 $34,130.92 2/21/21 90 $174000
3/21/96 92124 299 03 3.25 9430766 San Diego $34,800.
48 9/21/96 18.00 00 292 1 $232,000.


CA 10. 2 106910000430768 22664 Canyon  81 $27,754.74 3/26/21 79 $198986
3/26/96 92587 300 05 1.75 9430768 Canyon Lake $100,000.
50 6/26/96 18.00 06 293 1 $380,000.







<PAGE>
CA 11. 2 106920000430769 6086 Caminito  91 $3,525.66 2/18/21 86 $112000
3/18/96 92111 299 01 2.75 9430769 San Diego $40,000.
40 9/18/96 18.00 06 292 1 $177,000.

CA 11.5 2 106920000430770 122 Windover  91 $52,514.31 2/8/21 88 $428000
3/8/96 94506 299 03 3.25 9430770 Danville $53,500.
50 9/8/96 18.00 00 292 1 $549,000.


CA 11. 2 106920000430771 142 Oxford Way 91 $35,638.28 2/13/21 90 $181850
3/13/96 95060 299 05 2.75 9430771 Santa Cruz $36,300.
23 9/13/96 18.00 00 292 1 $243,000.

CA 9. 2 106910000430772 17400 Revello  81 $58,453. 2/8/11 80 $415640
3/8/96 90272 179 05 0.75 9430772 Los Angeles $80,000.
20 6/8/96 18.00 06 172 1 $620,000.


NV 11.5 2 132920000430773 140 East  91 $62,174.41 3/29/21 90 $207000
3/29/96 89015 300 05 3.25 9430773 Henderson $63,000.
33 6/29/96 18.00 06 293 1 $300,000.

CA 11. 2 106920000430776 116 Shadewell  91 $60,845.8 2/11/21 90 $496000
3/11/96 94506 299 03 2.75 9430776 Danville $62,000.
43 9/11/96 18.00 00 292 1 $620,000.


CA 11.5 2 106920000430777 20282 Riverside  91 $62,792.81 2/21/21 88 $169584
3/21/96 92707 299 05 3.25 9430777 Santa Ana Area $63,500.
49 6/21/96 18.00 06 292 1 $265,000.

CA 11. 2 106920000430778 9210 Cordell  91 $34,810.72 4/22/11 90 $284000
3/22/96 90069 181 05 2.75 9430778 Los Angeles $35,500.
36 9/22/96 18.00 00 174 1 $355,000.


CA 11.5 2 106920000430779 729 Radcliffe  91 $28,344.01 2/26/21 90 $375000
3/26/96 90272 299 05 3.25 9430779 Los Angeles $59,700.
50 9/26/96 18.00 06 292 1 $483,000.

CA 11. 2 106920000430780 261 El Sereno  91 $26,452.15 2/18/21 90 $192505
3/18/96 95066 299 05 2.75 9430780 Scotts Valley $27,900.
30 9/18/96 18.00 06 292 1 $245,000.



<PAGE>
CA 10.75 2 106920000430781 4574 Alex Drive 91 $19,605.84 2/22/21 89 $192600
3/22/96 95130 299 05 2.50 9430781 San Jose $21,000.
25 6/22/96 18.00 06 292 1 $242,000.






CA 11.5 2 106920000430782 1603 Sunnyside  91 $30,000. 2/7/21 89 $263401
3/7/96 90732 299 05 3.25 9430782 San Pedro $30,000.
47 6/7/96 18.00 06 292 1 $330,000.

CA 9.25 2 106910000430783 35985 Ashton  81 $15,388.21 2/25/21 80 $149787
3/25/96 94536 299 05 1.00 9430783 Fremont $25,000.
43 6/25/96 18.00 06 292 1 $219,000.


CA 11.5 2 106920000430784 1100alta Vista  91 $35,614.38 3/1/11 86 $174000
2/27/96 93063 180 05 3.25 9430784 Simi Valley $36,000.
40 5/1/96 18.00 01 173 1 $245,000.

CA 11. 2 206930000430785 101 South Gretna  91 $48,612.54 2/27/21 90 $408000
3/27/96 90049 299 05 2.75 9430785 Los Angeles $51,000.
38 6/27/96 18.00 00 292 1 $510,000.


CA 9.25 2 106910000430787 6380 Henderson  81 $39,380.83 3/22/11 71 $117991
3/22/96 91942 180 05 1.00 9430787 La Mesa $40,000.
42 6/22/96 18.00 06 173 1 $225,000.

CA 8.75 2 106910000430788 615 North  81 $19,295.64 2/15/21 73 $167000
3/15/96 91506 299 05 0.50 9430788 Burbank $22,000.
45 6/15/96 18.00 06 292 1 $260,000.


CA 10.5 2 106910000430789 722 Judith Court 91 $4,539.62 3/26/21 90 $155545
3/26/96 94952 300 05 2.25 9430789 Petaluma $18,100.
43 6/26/96 18.00 06 293 1 $193,000.

NJ 12. 2 134930000430795 20 Highview  91 $19,400.34 3/10/11 95 $176712
4/10/96 07869 179 05 3.75 9430795 Randolph $22,400.
42 7/10/96 18.00 06 173 1 $211,000.



<PAGE>
NJ 8.5 2 134910000430797 17 Timberline  81 $21,195.9 3/9/21 80 $185641
4/9/96 07871 299 05 0.25 9430797 Sparta $45,000.
27 7/9/96 18.00 02 293 1 $289,000.

CA 9.25 2 206910000430799 5416 Essex Drive 81 $8,858.8 3/1/21 70 $132140
4/1/96 95340 299 05 1.00 9430799 Merced $10,000.
50 7/1/96 18.00 01 293 1 $205,000.


CA 11. 2 206920000430807 20 Deer Creek  91 $30,167.72 2/5/21 90 $153750
3/5/96 92653 299 03 2.75 9430807 Laguna Hills Area $30,750.
34 9/5/96 18.00 00 292 1 $205,000.






CA 10.5 2 106920000430810 2105 Wildflower  91 $35,791.31 2/20/21 90 $182250
3/20/96 92621 299 03 2.25 9430810 Brea $36,450.
37 9/20/96 18.00 00 292 1 $243,000.

CA 11. 2 106920000430817 207 Seaside Drive 91 $40,955.53 3/8/21 85 $207000
3/8/96 95035 300 05 2.75 9430817 Milpitas $41,800.
50 6/8/96 18.00 02 293 1 $295,000.


CA 10.5 2 106920000430818 1647 Gardner  91 $29,782.19 3/15/21 90 $150000
3/15/96 94577 300 05 2.25 9430818 San Leandro $30,000.
34 6/15/96 18.00 02 293 1 $200,000.

FL 12. 2 112930000430821 307 Cedar Lane 92 $28,750.99 3/22/11 100 $136800
3/22/96 34640 180 05 3.75 9430821 Largo $34,200.
39 3/22/96 18.00 06 173 1 $171,000.


FL 9.75 1 112910000430822 3800 Washington  81 $61,012.38 2/21/11 76 $0
3/21/96 33405 179 06 1.50 9430822 West Palm Beach $62,500.
43 9/22/96 18.00 02 172 1 $83,000.

ID 10.5 2 116920000430825 1147 East E Street 91 $17,607.89 2/22/21 90 $96000
3/22/96 83843 299 05 2.25 9430825 Moscow $19,200.
37 9/22/96 18.00 02 292 1 $128,000.



<PAGE>
WI 11. 2 255920000430828 1140 South  91 $14,536.24 4/3/21 90 $114400
4/3/96 54301 300 05 2.75 9430828 Green Bay $15,000.
36 7/30/96 18.00 02 294 1 $145,000.

CA 11.5 2 106920000430829 3021 Carolwood  91 $150,121.02 3/4/11 86 $137310
3/4/96 90505 180 05 3.25 9430829 Torrance $152,000.
50 6/1/96 18.00 06 173 1 $340,000.


MI 7.25 2 226920000430835 4247 Bluebird 91 $26,147.07 4/15/21 90 $233600
4/15/96 48382 300 05 2.25 9430835 Commerce $29,000.
41 10/15/96 18.00 06 294 1 $295,000.

CA 11. 2 106920000430837 2511 West Locust  91 $25,407.5 3/22/21 90 $129000
3/22/96 93711 300 05 2.75 9430837 Fresno $25,800.
43 6/23/96 18.00 02 293 1 $172,000.


CA 11. 2 106910000430840 203 Ocho Rios  91 $31,503.01 3/16/21 90 $263200
3/16/96 91301 300 03 2.75 9430840 Agoura $32,900.
42 6/16/96 18.00 01 293 1 $329,000.






CA 10.5 2 106920000430841 1522 Loma Drive  91 $31,923.42 2/28/11 90 $259200
3/28/96 90254 179 01 2.25 9430841 Hermosa Beach $32,400.
37 6/28/96 18.00 00 173 1 $324,000.

UT 11. 2 149920000430842 430 North 300  91 $13,382.33 4/1/21 89 $75000
3/25/96 84321 300 05 2.75 9430842 Logan $13,700.
39 6/25/96 18.00 01 294 1 $100,000.


CA 7.25 2 106920000430843 13611 Aurora  91 $29,958.87 4/1/21 90 $155500
4/4/96 94577 299 05 2.25 9430843 San Leandro $31,700.
42 10/4/96 18.00 01 294 1 $208,000.

CA 9.75 2 206910000430844 574 Via Santa  81 $36,093.22 2/18/21 54 $355000
3/18/96 90272 299 05 1.50 9430844 Los Angeles $100,000.
50 6/18/96 18.00 01 292 1 $850,000.



<PAGE>
CO 11.25 2 208930000430846 9443 Burgundy  92 $16,912.61 2/26/11 100 $190500
3/26/96 80126 179 05 3.00 9430846 Highlands Ranch $32,000.
25 3/26/96 18.00 01 172 1 $223,000.

CA 12. 2 206930000430847 23576 Cruise  91 $14,500.55 2/21/11 95 $137600
3/21/96 92587 179 03 3.75 9430847 Canyon Lake $25,000.
45 6/21/96 18.00 01 172 1 $172,000.


CA 10.75 2 206910000430851 4418 Kent  91 $29,152.62 2/13/21 85 $126773
3/13/96 92704 299 05 2.50 9430851 Santa Ana $30,000.
27 6/13/96 18.00 01 292 1 $185,000.

CA 12. 2 106990000430855 5601 Whitecliff  91 $46,239.05 4/1/11 91 $458814
5/1/96 90275 179 05 3.75 9430855 Rancho Palos  $46,500.
43 8/1/96 18.00 06 174 1 $560,000.


CA 8.75 2 106910000430856 550 North  81 $12,763.96 4/1/21 44 $46675
3/18/96 95620 300 05 0.50 9430856 Dixon $20,000.
44 6/18/96 18.00 06 294 1 $154,000.

CA 10.5 2 106920000430857 48 Natalie Way 91 $30,898.87 2/22/21 88 $183700
3/22/96 93010 299 05 2.25 9430857 Camarillo Area $31,300.
43 6/22/96 18.00 00 292 1 $245,000.


CA 7.25 2 106990000430858 1836 Port Ashley  91 $46,347.32 3/17/21 90 $376000
4/17/96 92660 299 03 2.75 9430858 Newport Beach $47,000.
43 10/17/96 18.00 00 293 1 $470,000.






CA 11.5 2 106920000430860 2262 Stonewood  91 $18,191.37 3/5/21 90 $165386
4/5/96 90732 299 01 3.25 9430860 Los Angeles $18,500.
43 7/5/96 18.00 02 293 1 $205,000.

CA 8.75 2 206910000430861 436 Rancho Drive 81 $1,056.81 2/25/21 62 $76754
3/25/96 93003 299 05 0.50 9430861 Ventura $25,000.
40 6/25/96 18.00 01 292 1 $165,000.



<PAGE>
CA 10.5 2 106920000430862 635 Hanover  91 $28,579.32 2/18/21 90 $144750
3/18/96 94550 299 05 2.25 9430862 Livermore $28,950.
32 6/18/96 18.00 00 292 1 $193,000.

CA 11. 2 106920000430864 375 La Mesa  91 $34,682.85 3/7/21 90 $199000
3/7/96 92024 300 05 2.75 9430864 Encintas $35,000.
46 6/7/96 18.00 02 293 1 $260,000.


GA 9.25 2 113910000430865 1002 Clifton Road 81 $5,438.41 3/27/21 62 $115000
3/28/96 30307 299 05 1.00 9430865 Atlanta $125,000.
32 6/28/96 18.00 00 293 1 $390,000.

MD 7.25 2 224910000430868 605 Marjorie Lane 81 $19,894.49 4/9/21 71 $48000
4/4/96 21001 300 05 2.00 9430868 Aberdeen $26,000.
43 10/4/96 18.00 06 294 1 $105,000.


CA 10.5 2 106920000430869 6467 North  91 $37,101.38 3/15/21 90 $187500
3/15/96 93711 300 05 2.25 9430869 Fresno $37,500.
43 6/15/96 18.00 00 293 1 $250,000.

CA 9. 2 106910000430870 2935 Roop Road 81 $52,890.64 5/1/21 42 $67061
4/9/96 95020 300 05 0.75 9430870 Gilroy $54,000.
27 7/9/96 18.00 02 295 1 $293,000.


VA 12. 2 151930000430876 13172 Lazy Glen  92 $65,970.86 4/1/11 100 $207573
3/25/96 22071 180 05 3.75 9430876 Herndon $66,500.
42 6/25/96 18.00 01 174 1 $275,000.

CA 10.25 2 106920000430878 8441 Wilson  91 $16,110.17 2/11/21 90 $174999
3/11/96 91701 299 05 2.00 9430878 Rancho  $40,000.
18 6/11/96 18.00 06 292 1 $240,000.


CO 10.5 2 108910000430880 8120 Helm Court 91 $20,929.98 11/20/20 90 $108600
11/20/95 80920 300 05 2.25 9430880 Colorado Springs $21,700.
34 2/20/96 18.00 00 289 1 $145,000.







<PAGE>
CA 10.75 2 206920000430883 24872 Camino  91 $20,939.59 2/19/21 90 $200000
3/19/96 92630 299 03 2.50 9430883 Lake Forest $25,000.
37 6/19/96 18.00 00 292 1 $250,000.

CA 11. 2 106920000430884 1545 Vine Street 91 $43,218.85 3/10/21 90 $350000
4/10/96 94002 299 05 2.75 9430884 Belmont $44,000.
39 7/10/96 18.00 06 293 1 $440,000.


CA 7.25 2 106910000430885 2241 65th Avenue 81 $9,769.67 3/12/21 70 $75000
4/12/96 94605 299 05 1.00 9430885 Oakland $10,000.
33 10/12/96 18.00 01 293 1 $122,000.

CO 8.75 2 208910000430886 497 Elm Avenue 81 $10,175.91 2/27/21 72 $45000
3/27/96 80601 299 05 0.50 9430886 Brighton $20,600.
45 6/27/96 18.00 01 292 1 $92,000.


AZ 10.75 2 504920000430887 5830 North  91 $26,886.77 2/13/21 90 $146350
3/13/96 85718 299 03 2.50 9430887 Tucson $27,350.
30 9/13/96 18.00 01 292 1 $193,000.

CO 9.25 2 208910000430888 677 S Gilpin ST 81 $18,094.45 2/16/21 47 $85561
3/15/96 80209 299 05 1.00 9430888 Denver $20,000.
49 6/15/96 18.00 02 292 1 $225,000.


CA 10.5 2 106920000430889 2557 Center Road 91 $32,971.47 4/4/21 90 $189000
4/4/96 94947 300 05 2.25 9430889 Novato $37,800.
35 7/4/96 18.00 00 294 1 $252,000.

ID 11. 2 116920000430890 2611 Ridge  91 $16,361.81 4/1/21 90 $144000
4/1/96 83354 300 01 2.75 9430890 Sun Valley $17,000.
50 7/1/96 18.00 06 294 1 $180,000.


CA 10.5 2 106920000430891 11411 Sunshine  91 $43,249.82 2/21/21 90 $207000
3/21/96 91604 299 05 2.25 9430891 Los Angeles $44,100.
38 9/21/96 18.00 00 292 1 $279,000.

CA 7.25 2 106920000430893 7860 Brookside  91 $14,036.92 3/26/21 85 $230800
3/26/96 95472 300 05 2.25 9430893 Sebastopol $14,400.
36 10/1/96 18.00 00 293 1 $288,500.



<PAGE>
ID 11.5 2 116910000430895 25 Pearson Lane 81 $21,370.15 2/19/11 80 $154000
3/19/96 83638 179 05 3.25 9430895 McCall $22,000.
37 9/19/96 18.00 02 172 1 $220,000.






WA 10.25 2 153920000430899 5006 West  91 $49,215.03 4/2/21 87 $53750
4/2/96 99208 300 05 2.00 9430899 Spokane $50,000.
27 7/2/96 18.00 06 294 1 $119,900.

CA 10.5 1 106910000430900 29138 Chutney  81 $27,873.06 2/22/21 10 $0
3/22/96 94544 299 05 2.25 9430900 Hayward $28,700.
38 7/22/96 18.00 00 292 1 $287,000.


CO 9.75 2 208910000430901 5378 Ocotillo  81 $75,521.84 3/1/21 79 $94181
4/15/96 80534 298 05 1.50 9430901 Johnstown $80,000.
37 7/15/96 18.00 06 293 1 $223,000.

CA 10.5 2 106920000430902 12664 Rue  91 $14,576.74 2/25/21 88 $338000
3/25/96 92131 299 03 2.25 9430902 San Diego $40,000.
41 9/25/96 18.00 00 292 1 $430,000.


CA 12. 2 106930000430907 55 Argonne  91 $43,400. 2/6/11 95 $231600
3/6/96 90803 179 01 3.75 9430907 Long Beach $43,400.
40 6/6/96 18.00 00 172 1 $289,500.

CA 9.25 2 106910000430909 1340 Valley  81 $146,765.74 3/16/21 71 $150000
4/16/96 93446 299 05 1.00 9430909 Paso Robles $150,000.
22 7/16/96 18.00 00 293 1 $425,000.


CA 11. 2 206910000430911 4975 Collomia  90 $60,062.49 1/23/20 85 $125691
2/23/95 95111 299 05 2.00 9430911 San Jose $61,300.
36 3/1/95 24.00 02 279 1 $220,000.

UT 10. 1 249910000430912 2084 East  80 $12,565.93 3/1/20 47 $0
2/13/95 84121 300 05 1.00 9430912 Salt Lake City $150,000.
22 3/1/95 24.00 06 281 1 $321,500.



<PAGE>
UT 11.5 2 249920000430913 105 Paradise Road 90 $94,181.78 3/1/20 90 $167505
2/15/95 84060 300 05 2.50 9430913 Park City $100,000.
40 3/1/95 18.00 06 281 1 $300,000.

CA 10. 2 206910000430914 8924 West  80 $35,107.27 4/1/20 80 $74022
3/13/95 95376 300 05 1.00 9430914 Tracy $45,950.
42 4/1/95 18.00 06 282 1 $150,000.


CA 10. 2 206910000430915 265 Augusta  80 $88,453.9 4/1/20 55 $78391
3/14/95 92352 300 05 1.00 9430915 Lake Arrowhead $100,000.
45 4/1/95 18.00 06 282 1 $330,000.






CA 10. 2 206910000430916 7538 Perlite Court 80 $35,625.52 4/1/20 90 $93734
3/27/95 91730 300 05 1.00 9430916 Rancho  $36,750.
28 6/1/96 18.00 02 282 1 $145,000.

CA 11.6 2 206910000430918 15798 Wedow  90 $9,876.62 5/1/20 90 $80669
4/19/95 92553 300 05 2.60 9430918 Moreno Valley $10,000.
35 6/1/96 18.00 06 283 1 $101,000.


OR 11.5 2 241910000430920 19110 Sw Lisa  80 $35,761.84 5/1/20 77 $111879
4/18/95 97006 300 05 2.50 9430920 Aloha $35,850.
28 0 18.00 06 283 1 $194,000.

CA 11. 2 206910000430921 3271 Flemington  80 $26,300.31 6/1/20 80 $197868
5/12/95 94588 300 05 2.00 9430921 Pleasanton $27,000.
45 6/1/96 18.00 06 284 1 $283,000.


UT 11. 2 249910000430922 11339 South  80 $9,068.29 5/1/20 66 $66371
5/5/95 84094 299 05 2.00 9430922 Sandy $15,000.
27 6/1/96 18.00 02 283 1 $125,000.

UT 10. 2 249910000430923 933 Norfolk  80 $14,317.21 7/1/20 43 $49138
5/26/95 84060 301 05 1.00 9430923 Park City $15,000.
47 6/1/96 18.00 06 285 1 $150,000.



<PAGE>
CA 10. 2 206910000430924 4644 Triangle  80 $42,981.3 7/1/20 80 $165000
6/5/95 95338 300 05 1.00 9430924 Mariposa $43,000.
28 7/1/95 18.00 06 285 1 $260,000.

CA 10. 2 206910000430925 2467 Colinas  80 $91,808.3 8/1/20 72 $215950
7/7/95 92019 300 05 1.00 9430925 El Cajon $92,000.
30 8/1/95 24.00 06 286 1 $430,000.


CA 9.75 2 206910000430927 13720 Alanwood  80 $23,879.05 9/1/20 61 $82206
8/1/95 91746 301 05 3.00 9430927 La Puente $50,000.
41 0 24.00 06 287 1 $218,000.

CA 9.75 2 206910000430928 11 Marion Court 80 $90,000. 9/1/20 80 $264415
7/27/95 94507 301 05 1.00 9430928 Alamo $90,000.
39 9/1/95 24.00 06 287 1 $445,000.


CA 9.25 2 206920000430930 513 North  80 $28,545.73 10/1/20 89 $203000
8/30/95 91505 301 05 1.00 9430930 Burbank $28,550.
35 0 24.00 06 288 1 $263,000.






CA 11.25 2 206920000430931 115 Angela  80 $17,321.88 10/1/20 90 $315000
8/30/95 94507 301 05 3.00 9430931 Alamo $50,000.
31 10/1/20 24.00 06 288 1 $410,000.

CA 9.25 2 206910000430938 4772 Howard Ave 80 $15,295.87 11/1/20 71 $123934
9/27/95 90720 301 05 1.00 9430938 Los Alamitos $17,500.
39 6/1/96 18.00 06 289 1 $202,000.


CA 10.75 2 206910000430939 1647 Connoley  90 $23,767.82 11/1/20 85 $101429
9/11/95 91911 301 05 2.50 9430939 Chula Vista $25,000.
45 6/1/96 18.00 06 289 1 $149,000.

WA 11.25 2 253910000430944 2119 Ferry AVE  80 $51,576.75 7/10/20 64 $85292
8/10/95 98116 299 05 2.50 9430944 Seattle $54,000.
45 0 18.00 06 285 1 $220,000.



<PAGE>
UT 9.75 2 249920000430945 3500 East Loren  80 $9,570.72 12/1/20 90 $197535
11/10/95 84124 300 05 1.00 9430945 Salt Lake City $31,065.
40 0 18.00 06 290 1 $254,000.

CA 10.25 2 206920000430946 15035 Garden  80 $31,259. 12/1/20 86 $239174
11/6/95 92064 300 05 2.00 9430946 Poway $31,500.
43 0 18.00 06 290 1 $315,000.


UT 11.5 2 249910000430950 5563 West  95 $31,266.91 2/1/21 100 $95694
1/26/96 84084 300 05 3.00 9430950 West Jordan $31,300.
37 2/1/96 18.00 02 292 1 $127,000.

CA 10.75 2 206920000430952 407 East Javelin  80 $26,400. 2/1/21 90 $132000
1/25/96 90745 300 05 2.50 9430952 Carson $26,400.
29 0 18.00 03 292 1 $176,000.


CA 11.25 2 206920000430955 21241  80 $25,056.7 1/1/21 90 $203150
12/19/95 92679 300 03 3.00 9430955 Trabuco Canyon $25,480.
38 0 18.00 06 291 1 $254,040.

MO 10.25 2 229920000430956 3703 Fairway  80 $22,760.32 1/1/21 86 $273854
12/22/95 65109 300 05 2.00 9430956 Jefferson City $26,000.
38 0 18.00 06 291 1 $350,000.


FL 10.25 2 212920000430958 5742 Ne 17  80 $16,328.26 2/1/21 88 $114000
1/12/96 33334 300 05 2.00 9430958 Ft Lauderdale $20,000.
44 0 18.00 06 292 1 $153,000.






CA 9.25 2 206910000430961 415 Old Ranch  80 $28,436.03 3/1/21 35 $58000
1/22/96 90740 301 01 1.00 9430961 Seal Beach $30,000.
46 4/10/96 24.00 02 293 1 $255,000.

OR 9.75 2 241930000430962 1521 North  80 $45,383.85 2/1/21 100 $48258
1/18/96 97402 300 05 3.00 9430962 Eugene $46,000.
33 0 18.00 02 292 1 $94,500.



<PAGE>
CA 10.75 2 206920000430964 6972 Heaton  80 $15,000. 4/1/21 82 $171000
3/13/96 95119 300 05 2.50 9430964 San Jose $15,000.
23 0 18.00 03 294 1 $228,000.

CA 11.25 2 206920000430965 2835 Fernwick  90 $13,881. 5/1/21 88 $117000
3/25/96 92506 301 05 3.00 9430965 Riverside $15,000.
24 6/1/96 18.00 06 295 1 $151,000.


MO 12. 2 129910000431175 3924 Ne 60th  92 $39,737.69 4/1/11 100 $114810
3/25/96 64119 180 05 3.75 9431175 Gladstone $60,000.
40 6/25/96 18.00 01 174 1 $175,000.

CA 11. 2 206910000431176 26 Corsica 91 $33,943.31 3/5/21 90 $270000
4/5/96 92677 299 05 2.75 9431176 Laguna Niguel $34,000.
41 7/5/96 18.00 01 293 1 $338,000.


NV 9.25 2 132910000431177 7370 S Spencer St 81 $33,754.09 3/11/21 80 $73459
4/11/96 89123 299 05 1.00 9431177 Las Vegas $42,500.
50 7/11/96 18.00 02 293 1 $145,000.

CA 11.5 2 206920000431178 1531 Keaton Lane 91 $19,428.23 2/27/11 87 $75000
3/27/96 80909 179 05 3.25 9431178 Colorado Springs $20,000.
42 6/27/96 18.00 02 172 1 $110,000.


CA 11.5 2 106920000431180 939 Palm Avenue 91 $23,012.2 3/1/21 90 $129500
3/19/96 92373 299 05 3.25 9431180 Redlands $23,500.
44 6/1/96 18.00 02 293 1 $170,000.

CA 10.5 2 106930000431182 1005 St Francis  91 $16,668.06 3/21/21 89 $156000
3/21/96 94954 300 05 2.25 9431182 Petaluma $17,000.
39 9/21/96 18.00 02 293 1 $195,000.


CA 10.5 2 106920000431185 735 Loas  91 $21,718.89 3/21/21 88 $256000
3/20/96 94903 300 05 2.25 9431185 San Rafael $23,000.
27 9/21/96 18.00 01 293 1 $320,000.







<PAGE>
CO 11. 2 208930000431190 3693 Valley  92 $34,896.96 3/2/21 101 $165506
4/2/96 81601 299 05 2.75 9431190 Glenwood Springs $35,000.
45 7/2/96 18.00 06 293 1 $200,000.

CA 9.25 2 106910000431192 4207 Chestnut  81 $39,409.37 2/18/21 80 $440000
3/18/96 90807 299 05 1.00 9431192 Long Beach $40,000.
48 6/18/96 18.00 01 292 1 $600,000.


CA 10.5 2 206920000431201 16321 Scotch  91 $18,216.97 2/26/21 90 $228000
3/26/96 92708 299 05 2.25 9431201 Fountain Valley $28,000.
39 8/2/96 18.00 01 292 1 $285,000.

CA 10.5 2 106920000431202 14 Estrella 91 $44,601.33 2/18/21 90 $225750
3/18/96 92714 299 03 2.25 9431202 Irvine $45,150.
32 6/18/96 18.00 06 292 1 $301,000.


UT 8.75 2 149910000431203 25 South Chapel  81 $12,030.24 2/12/21 78 $72557
3/12/96 84036 299 05 0.50 9431203 Kamas $20,000.
43 9/12/96 18.00 03 292 1 $120,000.

CO 11. 2 208920000431206 8485 Sunburst  91 $53,443.51 4/12/21 90 $380300
4/12/96 80134 300 05 2.75 9431206 Parker $54,400.
45 7/12/96 18.00 02 294 1 $483,000.


CA 11. 2 106920000431210 3160 Armourdale  91 $58,353.78 3/1/21 88 $241587
3/18/96 90808 299 05 2.75 9431210 Long Beach $59,000.
48 6/1/96 18.00 02 293 1 $345,000.

CO 7.25 2 208920000431211 30035 Roan Drive 91 $26,994.88 4/12/21 90 $134982
4/12/96 80439 300 05 2.75 9431211 Evergreen $27,300.
41 10/12/96 18.00 02 294 1 $182,000.


UT 10. 2 149910000431213 4616 South  81 $182,394.76 3/28/21 72 $457000
3/28/96 84117 300 05 1.75 9431213 Salt Lake City $185,000.
45 6/28/96 18.00 02 293 1 $900,000.

CA 9.75 2 106910000431216 871 Pla Vada  81 $32,417.35 4/1/21 74 $207000
3/25/96 94520 300 05 1.50 9431216 Concord $33,000.
49 6/25/96 18.00 01 294 1 $325,000.



<PAGE>
CO 10.5 2 208920000431217 10648 East Bails  91 $7,779.43 4/12/11 86 $138400
4/12/96 80012 180 03 2.25 9431217 Aurora $10,000.
39 7/12/96 18.00 06 174 1 $173,000.






CA 12. 2 206930000431228 1813 Manzanita  92 $17,454.44 3/18/11 100 $131889
4/18/96 92083 179 05 3.75 9431228 Vista $18,000.
35 4/18/96 18.00 02 173 1 $150,000.

CA 11. 2 106920000431229 138 East Court  91 $23,564.11 3/12/21 90 $192000
4/12/96 94404 299 03 2.75 9431229 Foster City $24,000.
43 7/12/96 18.00 01 293 1 $240,000.


FL 7.25 2 112910000431230 1745 Sw 4th  81 $12,460.1 3/10/21 63 $49277
4/10/96 33312 299 05 0.50 9431230 Ft Lauderdale $50,000.
39 10/10/96 18.00 03 293 1 $158,000.

FL 12. 2 112930000431232 961 Benninger  91 $26,716.03 3/12/11 95 $74668
4/12/96 33510 179 05 3.75 9431232 Brandon $26,600.
42 7/12/96 18.00 03 173 1 $107,000.


FL 12. 2 212920000431237 4455 Devereux  91 $66,068.54 2/21/21 87 $323000
4/1/96 32504 298 05 3.75 9431237 Pensacola $67,000.
36 7/1/96 18.00 01 292 1 $450,000.

RI 10.5 2 244910000431238 52 Starfish Drive 81 $49,024.73 3/12/11 11 $18800
4/12/96 02882 179 05 1.00 9431238 Narragansett $50,000.
19 7/12/96 18.00 06 173 1 $650,000.


CA 10.5 2 106930000431240 865 Foothill Drive 91 $22,355.23 3/25/21 90 $119250
3/25/96 94591 300 05 2.25 9431240 Vallejo $23,850.
41 6/25/96 18.00 01 293 1 $159,000.

CA 11.5 2 106930000431241 505 West Sierra  91 $26,056.02 4/1/11 91 $99657
3/27/96 93612 180 05 3.25 9431241 Clovis $26,400.
43 6/27/96 18.00 01 174 1 $140,000.



<PAGE>
CA 12. 2 206930000431243 27711 Sycamore  91 $10,619.46 2/21/11 95 $154000
3/21/96 91354 179 05 3.75 9431243 City Of Santa  $12,250.
40 6/21/96 18.00 01 172 1 $175,000.

MA 9.25 2 225910000431244 15 Scotch Dam  81 $7,580.97 4/4/21 80 $176500
4/4/96 02375 300 05 1.00 9431244 So Easton $85,000.
44 7/5/96 18.00 06 294 1 $327,000.


CA 11. 2 106920000431246 1022 North Dano  91 $58,475.98 2/14/21 90 $296100
3/14/96 93444 299 05 2.75 9431246 Nipomo $59,200.
41 6/14/96 18.00 01 292 1 $395,000.






CO 11.5 2 208930000431247 20417 Sagewood  92 $38,910.47 2/16/11 100 $159000
3/16/96 80134 179 03 3.25 9431247 Parker $39,000.
39 3/16/96 18.00 02 172 1 $198,000.

CA 11.5 2 106930000431250 6 Palermo Court 91 $29,648.12 3/28/11 94 $91500
3/28/96 95828 180 05 3.25 9431250 Sacramento $30,000.
45 3/28/96 18.00 01 173 1 $130,000.


CA 10.5 2 206920000431253 86 Norwood  91 $14,421.69 3/1/21 90 $178013
4/1/96 94015 299 05 2.25 9431253 Daly City $22,350.
31 7/1/96 18.00 01 293 1 $223,500.

AZ 7.25 2 204910000431255 2649 North  81 $48,193.53 5/1/21 54 $108219
4/2/96 85745 300 05 1.00 9431255 Tucson $50,000.
34 10/2/96 18.00 06 295 1 $294,000.


AZ 8.5 2 104910000431260 632 N Belvedere  81 $16,184.81 4/1/21 80 $47128
3/22/96 85711 300 05 0.25 9431260 Tucson $16,500.
35 6/22/96 18.00 01 294 1 $80,000.

CA 11.5 2 206930000431261 19302 Belshaw  91 $15,610.8 2/25/11 95 $135501
3/25/96 90746 179 05 3.25 9431261 Carson $25,000.
43 6/25/96 18.00 06 172 1 $170,000.



<PAGE>
CA 10.5 2 206920000431266 11319 Monogram  91 $6,493.27 3/1/21 86 $119320
4/1/96 91344 299 05 2.25 9431266 Granada Hills $30,000.
37 7/1/96 18.00 06 293 1 $175,500.

CA 8.25 2 206920000431268 23440 Viejas  91 $12,609.98 2/19/21 89 $195000
3/19/96 91916 299 05 2.25 9431268 Descanso Area $30,000.
39 6/19/96 18.00 01 292 1 $255,000.


MI 7.25 2 226920000431271 5370 Edge Lake 91 $12,551.53 4/17/21 90 $207000
4/17/96 48169 300 05 2.00 9431271 Pinckney $40,500.
26 10/17/96 18.00 06 294 1 $275,000.

WA 11.5 2 153920000431277 6552 34th  91 $28,691.83 2/20/21 90 $115000
3/20/96 98126 299 05 3.25 9431277 Seattle $29,000.
48 6/20/96 18.00 02 292 1 $160,000.


CA 10.5 2 106920000431282 3144 W 178th ST 91 $39,780.59 2/22/21 90 $204700
3/22/96 90504 299 05 2.25 9431282 Torrance $40,300.
41 6/22/96 18.00 01 292 1 $273,000.






CA 11. 2 106920000431284 2437 Haymarket  91 $33,734.91 2/26/21 90 $288750
3/26/96 91362 299 05 2.75 9431284 Thousand Oaks $57,700.
44 9/26/96 18.00 00 292 1 $385,000.

FL 7.25 2 112920000431286 15610 Sw 54th St 91 $17,844.2 3/4/21 90 $93675
4/4/96 33185 299 03 3.25 9431286 Miami $18,700.
48 10/4/96 18.00 00 293 1 $126,000.


CA 11.5 2 106990000431289 9 ELLIOT DR 92 $45,978.54 5/21/11 100 $186972
5/21/96 94523 180 05 3.25 9431289 PLEASANT  $46,000.
44 0 18.00 02 175 1 $235,000.

NY 8.25 2 136910000431290 1524 Hart Place 81 $49,132.1 3/13/21 80 $60861
4/13/96 11224 299 07 1.00 9431290 Brooklyn $50,000.
44 7/13/96 18.00 03 293 1 $140,000.



<PAGE>
CA 11.5 2 106930000431291 1026 Bush Street 91 $29,702.08 3/15/11 93 $119642
4/15/96 95404 179 05 3.25 9431291 Santa Rosa $31,000.
35 7/15/96 18.00 03 173 1 $163,500.

WA 12. 2 153930000431292 19619 109th  91 $43,208.13 3/15/11 95 $237600
4/15/96 98011 179 03 3.75 9431292 Bothell $44,550.
45 7/15/96 18.00 03 173 1 $297,000.


CA 11. 2 106920000431294 3450 Regatta  91 $24,168.45 2/20/21 90 $123000
3/20/96 93035 299 05 2.75 9431294 Oxnard $24,600.
36 9/20/96 18.00 00 292 1 $165,000.

OR 12. 2 141920000431298 2639 Gloria Drive 91 $74,309.04 2/25/21 90 $321035
3/25/96 97068 299 05 3.75 9431298 West Linn $74,700.
49 6/25/96 18.00 02 292 1 $440,000.


CA 11.5 2 106920000431302 1400 Sonoma  91 $49,320.02 3/11/21 89 $273750
4/11/96 91001 299 05 3.25 9431302 Alta Dena Area $50,000.
39 7/11/96 18.00 02 293 1 $365,000.

CA 11.5 2 106990000431303 34 Dover ST 92 $67,342.2 4/3/11 100 $368000
5/3/96 94070 179 05 3.25 9431303 San Carlos $69,000.
38 0 18.00 00 174 1 $440,000.


CA 11.5 2 206930000431304 1827 Brigden  91 $24,586.64 2/26/11 99 $106400
3/26/96 91104 179 01 3.25 9431304 Pasadena $25,000.
39 3/26/96 18.00 06 172 1 $133,000.






CA 10.25 2 206920000431306 1889 Radford  91 $4,906.62 3/1/21 90 $176800
4/1/96 91711 299 05 2.00 9431306 Claremont $22,000.
29 7/1/96 18.00 06 293 1 $222,000.

WA 8.25 2 153910000431308 14605 Ne 16th  81 $22,831.38 3/15/21 80 $169363
4/15/96 98684 299 05 1.00 9431308 Vancouver $23,000.
48 7/15/96 18.00 03 293 1 $242,000.



<PAGE>
CA 11. 2 106920000431310 2024 West  91 $22,068.43 3/15/21 90 $112500
4/15/96 92633 299 05 2.75 9431310 Fullerton $22,500.
32 7/15/96 18.00 01 293 1 $150,000.

CA 10.5 2 106920000431311 17740 Mskinnon  91 $28,102.97 4/1/21 90 $227950
3/27/96 95130 300 05 2.25 9431311 San Jose $28,500.
34 6/27/96 18.00 00 294 1 $285,000.


CA 10.5 2 206910000431316 150 North Brooks  91 $13,532.93 3/5/21 89 $139300
4/5/96 91711 299 05 2.25 9431316 Claremont $25,000.
38 7/5/96 18.00 03 293 1 $186,000.

UT 9.25 2 249910000431324 2993 South 400  81 $23,840.01 4/16/21 57 $68554
4/16/96 84010 300 05 1.00 9431324 Bountiful $25,000.
30 7/16/96 18.00 02 294 1 $166,000.


UT 11.13 2 249920000431330 5528 West  91 $32,426.9 4/17/21 87 $80740
4/17/96 84084 300 05 2.88 9431330 West Jordan $33,200.
27 7/17/96 18.00 02 294 1 $132,000.

UT 9.75 2 249910000431332 535 North  81 $29,161.87 4/19/21 75 $76961
4/19/96 84037 300 05 1.50 9431332 Kaysville $30,000.
34 7/19/96 18.00 02 294 1 $143,000.


CO 8.5 2 208910000431333 513 Perry  81 $20,885.72 3/3/21 80 $122563
4/3/96 80403 299 05 0.25 9431333 Golden $21,000.
19 7/3/96 18.00 06 293 1 $181,000.

CA 12. 2 206930000431335 3633 Rowley DR 91 $11,305.53 2/18/11 95 $187583
3/28/96 95132 178 03 3.75 9431335 San Jose $21,400.
47 9/18/96 18.00 06 172 1 $220,000.


FL 7.25 2 112910000431336 800 West Ave 529 81 $22,365.57 3/1/21 80 $69218
4/1/96 33139 299 06 1.00 9431336 Miami Beach $23,000.
40 10/1/96 18.00 02 293 1 $116,000.







<PAGE>
CA 12. 2 106930000431338 3105 Sloat Road 91 $60,543.7 4/2/11 92 $405000
4/2/96 93953 180 05 3.75 9431338 Pebble Beach $60,700.
45 5/2/96 18.00 06 174 1 $507,000.

CA 12. 2 106930000431340 1032 Franquette  91 $2,195.83 4/1/11 92 $164912
4/1/96 95405 180 05 3.75 9431340 Santa Rosa $40,000.
48 7/1/96 18.00 06 174 1 $225,000.


CA 12. 2 206930000431341 4156 Palos  91 $76,442.26 2/25/21 95 $420000
3/25/96 90275 299 05 3.75 9431341 Rancho Palos  $78,000.
50 9/25/96 18.00 06 292 1 $525,000.

IL 12. 2 217920000431342 912 Marik DR 91 $18,265.66 2/22/11 90 $91500
3/22/96 60104 179 05 3.75 9431342 Bellwood $18,300.
45 6/22/96 18.00 06 172 1 $122,000.


CA 12. 2 206930000431343 215 North Peck  91 $76,387.55 3/27/11 98 $308000
3/27/96 90266 180 05 3.75 9431343 Manhattan Beach $77,000.
43 4/4/96 18.00 06 173 1 $395,000.

CA 11.5 2 106920000431344 11255 N. Lower  91 $24,666.76 2/20/21 90 $199444
3/20/96 95242 299 05 3.25 9431344 Lodi $25,000.
47 6/20/96 18.00 06 292 1 $250,000.


CA 11.5 2 106920000431345 3620 Sunnyside  91 $27,903.08 2/21/21 90 $151595
3/21/96 92686 299 05 3.25 9431345 Yorba Linda $28,000.
50 6/21/96 18.00 06 292 1 $200,000.

CA 12.5 2 106910000431346 12131 Sierra  91 $35,999.86 2/26/11 92 $192000
3/26/96 92082 179 05 4.25 9431346 Valley Center $36,000.
50 3/30/96 18.00 06 172 1 $250,000.


CO 7.25 2 208920000431348 1893 West Kettle  91 $38,339.28 4/8/21 90 $198750
4/2/96 80120 300 03 2.00 9431348 Littleton $39,700.
23 10/2/96 18.00 06 294 1 $265,000.

FL 10.25 2 112920000431349 7200 Sw 53 Court 91 $15,699.19 2/25/21 86 $119000
3/25/96 33143 299 05 2.00 9431349 Miami $35,000.
27 9/25/96 18.00 06 292 1 $180,000.



<PAGE>
FL 11. 1 112910000431351 1340 Kia Drive 81 $15,891.25 2/27/21 50 $0
3/27/96 33033 299 03 2.75 9431351 Homestead $16,200.
45 9/28/96 18.00 06 292 1 $32,500.






ID 11. 2 116920000431355 6079view Point  91 $19,140.8 2/25/21 89 $105000
3/25/96 83642 299 05 2.75 9431355 Meridian $19,600.
42 9/25/96 18.00 02 292 1 $140,000.

MI 7.25 2 226910000431356 1119 Forest Lane 81 $97,604.64 4/18/21 77 $300000
4/18/96 48301 300 05 1.00 9431356 Bloomfield Hills $100,000.
42 10/18/96 18.00 06 294 1 $525,000.


FL 9.75 2 112910000431358 11791 Sw 30  81 $14,902.25 2/15/21 66 $70000
3/15/96 33175 299 05 1.50 9431358 Miami $15,000.
49 6/15/96 18.00 06 292 1 $130,000.

CA 10.75 2 106920000431359 1407 Glen Oaks  91 $59,033.95 3/3/21 90 $480000
4/3/96 91105 299 05 2.50 9431359 Pasadena $60,000.
23 7/3/96 18.00 00 293 1 $600,000.


CA 11.5 2 106930000431360 501 Almar  91 $80,872.45 2/5/21 90 $440000
3/5/96 90272 299 05 3.25 9431360 Pacific Palisades  $82,000.
45 6/5/96 18.00 06 292 1 $580,000.

GA 8.5 2 113910000431362 1150 Seale Drive 81 $27,378.15 4/4/11 71 $207000
4/5/96 30202 179 03 0.25 9431362 Alpharetta $28,000.
27 7/5/96 18.00 00 174 1 $335,000.


CA 11. 2 106930000431363 2506 N Olive  91 $20,323.47 2/19/21 90 $102000
3/19/96 91001 299 05 2.75 9431363 Altadena Area $20,400.
42 6/19/96 18.00 06 292 1 $136,000.

CA 10.5 2 106920000431366 48908 Tulare  91 $21,296.06 2/21/21 88 $384000
3/21/96 94539 299 05 2.25 9431366 Fremont $36,000.
40 6/21/96 18.00 00 292 1 $480,000.



<PAGE>
NC 6.99 2 137920000431368 6720 Olde  91 $14,277.3 2/28/21 90 $74900
3/29/96 28227 298 05 2.25 9431368 Charlotte $14,985.
35 6/29/96 1600.00 00 293 1 $100,000.

WA 11.5 2 153920000431369 4811 73rd Place  91 $30,576.37 2/20/21 90 $148000
3/20/96 98275 299 05 3.25 9431369 Mukilteo $31,100.
50 6/20/96 18.00 02 292 1 $199,000.


CO 10.5 2 208920000431373 1038 West Oak  91 $29,812.19 2/28/11 87 $156000
3/28/96 80521 179 05 2.25 9431373 Fort Collins $30,000.
42 6/27/96 18.00 06 173 1 $215,000.






CA 12. 2 106930000431376 1151 Garner  92 $13,298.58 2/21/11 100 $121000
3/21/96 93905 179 05 3.75 9431376 Salinas $14,000.
47 3/21/96 18.00 06 172 1 $135,000.

GA 12.5 2 113920000431379 3155 Bob Cox  91 $48,390.62 3/5/21 89 $155683
4/5/96 30064 299 05 4.25 9431379 Marietta $49,000.
46 7/5/96 18.00 02 293 1 $230,000.


HI 11.5 2 115920000431380 45-614 Uhilehua  91 $84,999.75 3/19/21 88 $266000
3/19/96 96744 300 05 3.25 9431380 Kaneohe $85,000.
45 6/19/96 18.00 02 293 1 $400,000.

CA 12. 2 106930000431381 3050 Volk AVE 92 $24,932.79 3/28/11 98 $212749
3/28/96 90808 180 05 3.75 9431381 Long Beach $25,000.
46 0 18.00 06 173 1 $245,000.


CO 8.5 2 208920000431382 3918 Lynda Lane 81 $9,611.14 3/5/21 80 $90080
4/5/96 80526 299 05 0.25 9431382 Fort Collins $33,900.
26 7/5/96 18.00 06 293 1 $155,000.

WA 10.5 2 153920000431383 3624 204th Place  91 $20,976.15 3/16/21 85 $206250
4/16/96 98053 299 03 2.25 9431383 Redmond $25,000.
34 7/16/96 18.00 03 293 1 $275,000.



<PAGE>
GA 8.5 2 113910000431387 9865 Rod Road 81 $30,562.14 4/3/11 78 $207000
4/4/96 30202 179 03 0.25 9431387 Alpharetta $33,200.
23 7/4/96 18.00 00 174 1 $309,000.

ID 11. 2 116920000431388 620 10th Avenue  91 $10,013.27 2/25/21 88 $55500
3/25/96 83686 299 05 2.75 9431388 Nampa $10,300.
36 9/25/96 18.00 06 292 1 $75,000.


CA 7.25 2 206930000431394 2178 Corktree  91 $31,626.95 4/8/21 91 $159750
4/3/96 95132 300 05 3.25 9431394 San Jose $32,000.
39 10/3/96 18.00 06 294 1 $213,000.

CA 10.25 2 206920000431396 9050 Moody  91 $19,681.56 2/28/21 89 $100000
3/28/96 90360 299 09 2.00 9431396 Cypress $20,000.
25 6/28/96 18.00 06 293 1 $135,000.


OR 7.25 2 141910000431398 314 Ne 47th  81 $11,505.2 3/15/21 67 $58485
4/15/96 97213 299 05 0.50 9431398 Portland $25,000.
32 10/15/96 18.00 03 293 1 $125,000.






CA 11. 2 106920000431403 464 Poplar Street 91 $21,807.98 3/11/21 90 $180000
4/11/96 94019 299 05 2.75 9431403 Half Moon Bay $22,200.
41 7/11/96 18.00 01 293 1 $225,000.

CA 10.5 2 106920000431406 1391 Stahl Street 91 $24,564.92 2/25/21 90 $124500
3/25/96 95122 299 05 2.25 9431406 San Jose $24,900.
45 6/25/96 18.00 01 292 1 $166,000.


CA 9.25 2 106920000431415 359 Tirre CT 81 $12,977.26 2/22/21 80 $116148
3/22/96 93060 299 05 1.00 9431415 Santa Paula $13,100.
40 6/22/96 18.00 01 292 1 $162,000.

CA 11. 2 206920000431416 25930 Bancroft  91 $18,988.55 2/25/21 90 $175200
3/25/96 92354 299 05 2.75 9431416 Loma Linda $20,000.
42 6/25/96 18.00 06 292 1 $219,000.



<PAGE>
CO 9.75 2 208910000431418 15 Red Fox Lane 81 $166,188.31 4/25/11 66 $207000
4/25/96 80127 180 03 1.50 9431418 Littleton $218,000.
48 7/25/96 18.00 01 174 1 $645,000.

OR 8.75 2 141910000431423 2356 5th Avenue 81 $27,377.53 3/15/21 76 $44000
4/15/96 97068 299 05 0.50 9431423 West Linn $28,000.
35 7/15/96 18.00 03 293 1 $95,000.


MD 8.75 2 124920000431424 14103 Gallop  91 $6,842.23 2/19/21 90 $144000
3/19/96 20874 299 05 0.50 9431424 Germantown $18,000.
33 6/19/96 18.00 06 292 1 $180,000.

CA 10.5 2 106920000431427 3432 Via La Selva 91 $48,118.71 3/16/21 84 $391500
4/16/96 90274 299 05 2.25 9431427 Palos Verdes  $49,100.
29 7/16/96 18.00 01 293 1 $530,000.


DC 10.5 2 111920000431429 3800 Argyle  91 $29,833.33 2/18/21 87 $350000
3/18/96 20011 299 05 2.25 9431429 Washington $30,000.
44 6/18/96 18.00 00 292 1 $441,000.

CA 10.5 2 106920000431430 3126 Chablis  91 $19,075.38 3/29/21 90 $97500
3/29/96 92509 300 05 2.25 9431430 Riverside $19,500.
38 6/29/96 18.00 01 293 1 $130,000.


VA 10.5 2 151920000431431 1137 Moorefield  91 $25,852.81 2/20/21 90 $208000
3/20/96 22180 299 03 2.25 9431431 Vienna $26,000.
33 6/20/96 18.00 00 292 1 $260,000.






CA 10.5 2 106920000431432 10625 Tuxford  91 $31,154.76 2/25/21 90 $157500
3/25/96 91352 299 05 2.25 9431432 Los Angeles $31,500.
46 9/25/96 18.00 06 292 1 $210,000.

CA 10.5 2 106920000431433 114 Miramonte  91 $29,066.82 2/25/21 89 $203500
3/25/96 95065 299 05 2.25 9431433 Santa Cruz $38,000.
39 6/25/96 18.00 06 292 1 $272,500.



<PAGE>
WA 12. 2 253930000431434 910 87th DR 91 $30,827.11 2/28/11 95 $85762
3/28/96 98205 179 03 3.75 9431434 Everett $31,000.
36 0 18.00 02 173 1 $123,000.

CA 11. 2 106920000431435 1600 Cormorant  91 $28,915.45 2/7/21 90 $232000
3/7/96 92009 299 01 2.75 9431435 Carlsbad $29,000.
45 6/7/96 18.00 06 292 1 $290,000.


CA 12.5 2 206930000431436 18576 Asuncion  91 $37,903.06 3/3/11 95 $239537
4/3/96 91326 179 05 4.25 9431436 Los Angeles $45,000.
37 7/3/96 18.00 01 173 1 $300,000.

CA 11.5 2 106930000431438 3545 Lakeview  92 $23,985.17 2/27/11 100 $115658
3/27/96 92036 179 05 3.25 9431438 Julian $24,300.
45 3/27/96 18.00 01 172 1 $140,000.


UT 11.5 2 149920000431440 1859 East Zenda  91 $25,983.37 4/1/11 90 $180000
4/1/96 84121 180 05 3.25 9431440 Salt Lake City $27,000.
37 7/1/96 18.00 06 174 1 $230,000.

CA 7.25 2 106910000431441 40765 Los  81 $8,710.16 4/5/11 64 $116000
4/5/96 92592 180 05 1.00 9431441 Temecula $30,000.
25 10/5/96 18.00 03 174 1 $230,000.


NV 9.75 2 132910000431442 2703 Highway  81 $49,407.15 2/13/21 62 $142000
3/13/96 89423 299 05 1.50 9431442 Minden $50,000.
36 6/13/96 18.00 06 292 1 $310,000.

CA 11. 2 106990000431444 29014 Old  91 $8,167.59 4/18/21 90 $306243
5/18/96 91301 299 03 2.75 9431444 Agoura Hills $62,000.
43 8/18/96 18.00 01 294 1 $410,000.


CA 10.5 2 106920000431445 789 Kenneth  91 $35,675.48 2/6/21 90 $215600
3/6/96 95008 299 05 2.25 9431445 Cambell $36,000.
45 6/6/96 18.00 06 292 1 $280,000.







<PAGE>
CA 8.75 2 106990000431446 5365 Konocti RD 81 $49,231.46 5/1/21 50 $106000
4/23/96 95451 300 05 0.50 9431446 Kelseyville $50,000.
33 7/23/96 18.00 06 295 1 $316,500.

CA 11. 2 106920000431451 6517 Via Siena 91 $59,165.22 3/29/21 90 $480000
3/29/96 90275 300 05 2.75 9431451 Rancho Palos  $60,000.
45 6/29/96 18.00 06 293 1 $600,000.


CA 11.5 2 206920000431455 2282 Heather  91 $28,840.84 3/2/21 90 $115500
4/2/96 93065 299 05 3.25 9431455 Simi Valley $34,800.
31 7/2/96 18.00 02 293 1 $167,000.

CA 10.5 2 206920000431456 17800  91 $7,979.86 2/27/21 90 $192700
3/27/96 91325 299 05 2.25 9431456 Northridge Area $30,000.
32 6/27/96 18.00 06 292 1 $250,000.


CA 10.5 2 206920000431457 688 Berryessa  91 $25,494.15 3/1/21 90 $150000
4/1/96 95035 299 05 2.25 9431457 Malpitas $30,000.
31 7/1/96 18.00 01 293 1 $200,000.

CA 11.5 2 206930000431458 5254 Edgeware  92 $37,164.78 2/28/11 100 $336600
3/29/96 ****** 178 05 3.25 9431458 Calabasas $37,400.
44 4/30/96 18.00 06 173 1 $374,000.


CA 10.5 2 206920000431460 16958 Ouray  91 $12,866.35 3/2/21 90 $111200
4/2/96 92307 299 05 2.25 9431460 Apple Valley $13,000.
29 7/2/96 18.00 01 293 1 $139,000.

CA 12. 2 206930000431462 13311 Siemon  91 $13,556.41 2/25/11 95 $161700
3/25/96 92643 179 05 3.75 9431462 Garden Grove $14,000.
42 6/25/96 18.00 06 172 1 $185,000.


CA 9.25 2 106910000431463 18645 East  81 $49,351.59 3/13/21 76 $301431
3/13/96 91748 300 05 1.00 9431463 Rowland Heights $50,000.
46 6/1/96 18.00 03 293 1 $465,000.

FL 7.25 2 112920000431465 15841 SW 97th  91 $24,051.28 3/3/21 90 $73358
4/3/96 33157 299 05 2.00 9431465 Miami $39,000.
26 10/3/96 18.00 06 293 1 $125,000.



<PAGE>
CA 11.5 2 106930000431466 457 Shadow  91 $47,659.45 4/24/21 95 $262550
4/24/96 95136 300 03 3.25 9431466 San Jose $49,250.
42 7/24/96 18.00 00 294 1 $328,227.






CA 9. 1 106910000431470 21137 Del Oro  81 $64,649.64 2/21/21 80 $0
3/21/96 92308 299 05 0.75 9431470 Apple Valley $65,600.
27 6/21/96 18.00 06 292 1 $82,000.

CA 8.75 2 206910000431472 7762 LA CASA  81 $3,880.03 2/25/21 80 $123750
3/25/96 90620 299 05 0.50 9431472 Buena Park $12,000.
21 6/25/96 18.00 06 292 1 $171,000.


FL 7.25 2 112910000431475 400 Fernwood  81 $64,242.04 3/3/21 80 $274620
4/3/96 33149 299 05 1.50 9431475 Key Biscayne $65,000.
36 10/3/96 18.00 02 293 1 $425,000.

CA 8.75 2 206910000431479 316 San Antonio  81 $19,557.47 3/3/21 53 $127342
4/3/96 91007 299 05 0.50 9431479 Arcadia $30,000.
32 7/3/96 18.00 06 293 1 $300,000.


CA 10.5 2 106920000431480 693 South 18th  92 $30,843.07 3/15/21 89 $41542
4/15/96 92227 299 05 2.25 9431480 Brawley $50,000.
45 4/30/96 18.00 01 293 1 $104,000.

VA 8.25 2 251920000431481 3443 Annandale  91 $45,112.55 4/9/21 89 $342542
4/4/96 22042 300 05 2.75 9431481 Falls Church $46,000.
50 10/4/96 18.00 02 294 1 $437,000.


CA 11.5 2 106920000431482 690 PALISADES  91 $56,387.2 2/13/21 90 $452000
3/13/96 90272 299 05 3.25 9431482 Los Angeles $56,500.
50 6/13/96 18.00 00 292 1 $565,000.

CA 10.5 2 206920000431491 24942 Nellie Gail  91 $16,576.48 3/4/11 90 $355982
4/4/96 92653 179 05 2.25 9431491 Laguna Hills $48,000.
40 7/4/96 18.00 02 173 1 $450,000.



<PAGE>
CA 12. 2 106930000431494 10342 Christmas  91 $41,565.27 1/26/11 95 $157400
2/26/96 92646 179 05 3.75 9431494 Huntington Beach $42,000.
39 5/26/96 18.00 02 171 1 $210,000.

CO 10.5 2 208920000431495 2261 Silver Trails  91 $30,412.92 3/18/21 89 $115664
4/18/96 80526 299 05 2.25 9431495 Fort Collins $33,700.
38 7/18/96 18.00 06 293 1 $168,000.


CA 7.25 2 106920000431497 3251 Woodview  91 $30,262.34 3/17/11 90 $272000
4/17/96 94549 179 05 2.25 9431497 Lafayette $31,000.
32 10/17/96 18.00 01 173 1 $340,000.






CA 10.5 2 206920000431500 1150 Grand  91 $42,069.01 3/2/21 90 $207000
4/2/96 92621 299 05 2.25 9431500 Brea $42,750.
33 7/1/96 18.00 00 293 1 $277,500.

CA 9. 2 106910000431501 18581 Durfee LN 81 $13,689.32 2/1/11 56 $267934
3/1/96 92667 179 05 0.75 9431501 Villa Park $33,500.
12 6/1/96 18.00 06 172 1 $540,000.


MI 7.25 2 226930000431504 49344 Willowood  91 $10,495.71 4/19/11 95 $153500
4/19/96 48044 180 05 3.75 9431504 Macomb $10,800.
37 10/19/96 18.00 06 174 1 $173,000.

CA 10.5 2 206920000431507 6311 Reubens  91 $7,915.15 3/3/21 90 $226000
4/3/96 92647 299 05 2.25 9431507 Huntington Beach $28,000.
33 7/3/96 18.00 06 293 1 $283,000.


MD 11.5 2 124920000431509 3108 Black  91 $54,357.26 12/30/20 90 $444000
1/30/96 20815 299 05 3.25 9431509 Chevy Chase $55,500.
34 4/1/96 18.00 00 291 1 $555,000.

CA 10.5 2 206920000431514 5301 Yarmouth  91 $4,276.6 3/2/11 90 $101000
4/2/96 91316 179 01 2.25 9431514 Encino Area $16,000.
25 7/2/96 18.00 01 173 1 $130,000.



<PAGE>
CA 10.5 2 106920000431516 910 Lee Avenue 91 $39,496.26 4/4/21 90 $198750
4/4/96 94577 300 05 2.25 9431516 San Leandro $39,750.
34 7/4/96 18.00 00 294 1 $265,000.

WA 10.5 2 153920000431517 2233 40th  91 $24,853.78 3/17/21 90 $296000
4/17/96 98112 299 05 2.25 9431517 Seattle $37,000.
45 7/17/96 18.00 03 293 1 $370,000.


CA 7.25 2 106910000431518 173 Red River  81 $17,729.92 3/17/21 62 $119669
4/17/96 95136 299 05 1.00 9431518 San Jose $18,000.
50 10/17/96 18.00 03 293 1 $225,000.

CA 11. 2 206920000431519 713 North Vista  91 $98,417.31 3/3/21 88 $607500
4/3/96 91741 299 05 2.75 9431519 Glendora $100,000.
43 7/3/96 18.00 06 293 1 $810,000.


CA 10.5 2 206920000431521 11328  91 $19,510.77 2/25/21 87 $202500
3/25/96 92503 299 05 2.25 9431521 Riverside Area $30,000.
45 6/25/96 18.00 06 292 1 $270,000.






FL 12.5 2 112930000431528 4772 Sw 154  91 $39,425.97 2/25/21 95 $103552
3/5/96 33185 299 03 4.25 9431528 Miami $39,850.
50 6/26/96 18.00 03 292 1 $151,000.

NJ 11. 2 134920000431530 39 Mt Prospect  91 $19,482.02 4/5/21 90 $136500
4/5/96 07044 300 05 2.75 9431530 Verona $23,500.
45 7/5/96 18.00 02 294 1 $178,000.


CA 11.5 2 206920000431531 1651 Greenwood  91 $34,396.36 3/4/21 90 $202500
4/4/96 94066 299 05 3.25 9431531 San Bruno $40,000.
46 7/4/96 18.00 06 293 1 $270,000.

CA 11. 2 106920000431537 40429 Paseo  91 $40,409.67 2/28/21 90 $204750
3/29/96 94538 298 05 2.75 9431537 Fremont $40,950.
38 6/29/96 18.00 06 293 1 $273,000.



<PAGE>
CA 11. 2 106920000431538 3861 Hepburn  91 $22,216.63 2/28/21 90 $113600
3/28/96 90008 299 05 2.75 9431538 Los Angeles $22,700.
39 6/28/96 18.00 06 293 1 $151,500.

CA 11.5 2 106910000431539 3808 Sunsetridge  91 $39,396.21 2/28/21 95 $214600
3/29/96 93021 298 03 3.25 9431539 Moorpark $40,200.
35 9/28/96 18.00 00 293 1 $270,000.


CA 11. 2 106920000431540 18075 E  91 $27,259.39 3/5/21 89 $220000
4/5/96 91748 299 05 2.75 9431540 Rowland Heights  $27,500.
38 7/5/96 18.00 00 293 1 $280,000.

CA 10.5 2 106920000431541 260 Daytona  91 $22,820.59 3/2/21 86 $182250
4/2/96 93117 299 05 2.25 9431541 Goleta $24,750.
40 7/2/96 18.00 00 293 1 $243,000.


CA 11. 2 106920000431542 2982 Calle Estepa 91 $29,406.23 2/18/21 90 $150000
3/18/96 91360 299 05 2.75 9431542 Thousand Oaks $30,000.
46 6/18/96 18.00 06 292 1 $200,000.

CA 10.5 2 206920000431545 12565 Woodlawn  91 $4,149.69 3/5/21 90 $197109
4/5/96 92680 299 05 2.25 9431545 Tustin $27,500.
38 7/5/96 18.00 01 293 1 $250,000.


CA 10.5 2 206920000431546 6211 East Twin  91 $14,270.93 3/8/21 83 $126400
4/8/96 92807 299 03 2.25 9431546 Anaheim $14,500.
41 7/8/96 18.00 01 293 1 $170,000.






CA 11. 2 106920000431547 139 North Sabra  91 $19,467.52 2/20/21 90 $180000
3/20/96 91301 299 05 2.75 9431547 Agoura $22,500.
42 9/20/96 18.00 06 292 1 $225,000.

CA 11. 2 106920000431549 15862 Silver Star  91 $42,325.27 2/19/21 90 $344000
3/19/96 91351 299 05 2.75 9431549 Santa Clarita $43,000.
33 9/19/96 18.00 00 292 1 $430,000.



<PAGE>
CA 9.25 2 206910000431550 9721 Norfolk DR 81 $9,901.23 3/3/21 80 $251000
4/3/96 92705 299 03 1.00 9431550 Santa Ana Area $73,000.
39 7/3/96 18.00 06 293 1 $405,000.

CA 11. 2 106920000431551 3441 Scadlock  91 $38,434.94 2/19/21 90 $328000
3/19/96 91403 299 05 2.75 9431551 Sherman Oaks $41,000.
35 9/19/96 18.00 06 292 1 $410,000.


CA 10.5 2 106920000431552 817 North Laurel  91 $24,738.93 2/20/21 89 $200000
3/20/96 90046 299 05 2.25 9431552 Los Angeles $25,000.
39 6/20/96 18.00 00 292 1 $255,000.

CA 11. 2 106920000431556 2671 Laurel Pass 91 $27,628.32 2/28/21 90 $424000
3/28/96 90046 299 05 2.75 9431556 Los Angeles $50,000.
43 9/29/96 18.00 06 293 1 $530,000.


GA 11. 2 113920000431557 1906 Cheatham  91 $9,802.13 2/26/21 86 $93000
3/26/96 30064 299 05 2.75 9431557 Marietta $10,000.
44 9/26/96 18.00 06 292 1 $120,300.

CA 9.25 2 206910000431559 355 King Street 81 $17,395.01 3/3/21 80 $175000
4/3/96 94062 299 05 1.00 9431559 Redwood City $85,000.
39 7/3/96 18.00 01 293 1 $325,000.


CA 9.25 2 206910000431561 8214 Golf Links  81 $13,776.84 3/1/21 77 $124800
4/1/96 94605 299 05 1.00 9431561 Oakland $15,000.
48 7/1/96 18.00 01 293 1 $182,000.

CA 11. 2 106920000431564 1946 East  91 $35,403.49 2/27/21 90 $312000
3/27/96 91001 299 05 2.75 9431564 Altadena Area $39,000.
35 6/27/96 18.00 00 292 1 $390,000.


CA 8.75 2 206910000431565 451 South Third  81 $7,280.99 3/5/21 79 $111000
4/5/96 91746 299 05 0.50 9431565 La Puente Area $50,000.
42 7/5/96 18.00 01 293 1 $204,000.







<PAGE>
CA 9.25 2 206910000431566 7366 Conestoga  81 $9,182.96 3/5/21 72 $74786
4/5/96 92120 299 05 1.00 9431566 San Diego $45,000.
48 7/5/96 18.00 01 293 1 $168,000.

CA 12. 2 106910000431570 5806 N Muscatel  91 $14,157.02 3/11/11 95 $98000
3/11/96 91775 180 05 3.75 9431570 Temple City $18,300.
45 6/1/96 18.00 06 173 1 $122,500.


VA 12. 2 151920000431571 6257 Traci Joyce  91 $30,113.81 3/22/21 90 $193000
3/22/96 22310 300 09 3.75 9431571 Alexandria $30,200.
45 6/22/96 18.00 06 293 1 $248,000.

CA 11. 2 206920000431574 1701 Kingston  91 $16,101.99 3/9/21 89 $176978
4/9/96 92670 299 05 2.75 9431574 Placentia $30,000.
34 7/9/96 18.00 01 293 1 $234,000.


ID 11. 2 116920000431575 1200 North  91 $4,475.72 3/2/21 86 $130000
4/2/96 83616 299 05 2.75 9431575 Eagle $35,000.
36 7/2/96 18.00 06 293 1 $194,000.

CA 11.5 2 206920000431576 118 Ball Drive 91 $11,655.27 3/5/21 90 $125000
4/5/96 91711 299 03 3.25 9431576 Claremont $28,000.
50 7/5/96 18.00 01 293 1 $170,000.


CA 11.5 2 106920000431577 3738 Paseo  91 $56,057.51 2/28/21 90 $457600
3/28/96 91302 299 03 3.25 9431577 Calabasas $57,200.
40 9/27/96 18.00 00 293 1 $572,000.

CA 7.25 2 106910000431579 143 Barbara Street 91 $24,537.88 3/1/21 90 $126750
4/1/96 93022 299 05 2.25 9431579 Oak View Area $25,000.
34 10/1/96 18.00 06 293 1 $169,000.


CA 10.5 2 106920000431581 1858 Comstock  91 $20,757.03 2/28/21 90 $168000
3/28/96 95124 299 05 2.25 9431581 San Jose $21,000.
45 5/28/96 18.00 06 293 1 $210,000.

CA 7.25 2 106910000431582 248 Rockaway  81 $43,689.04 3/1/21 66 $90000
4/1/96 93022 299 05 1.00 9431582 Oak View Area $55,000.
15 10/1/96 18.00 06 293 1 $220,000.



<PAGE>
CA 10.5 2 106920000431584 1279 Calle Cerrito 91 $39,024.03 3/5/21 81 $207000
4/5/96 93101 299 05 2.25 9431584 Santa Barbara $40,000.
33 7/5/96 18.00 06 293 1 $305,000.






CA 11.5 2 206930000431585 1616 Georgia  91 $5,500.01 3/3/11 95 $128000
4/3/96 94590 179 05 3.25 9431585 Vallejo $30,000.
43 7/3/96 18.00 01 173 1 $168,000.

AZ 8.75 2 104910000431586 9 Brook LN 81 $49,610.09 2/25/21 79 $93000
3/25/96 85541 299 05 0.50 9431586 Payson $50,000.
27 6/25/96 18.00 06 292 1 $183,000.


CA 11. 2 106920000431587 4614 Utah Street 91 $21,168.29 2/22/21 90 $108000
3/22/96 92116 299 05 2.75 9431587 San Diego $21,600.
37 9/22/96 18.00 06 292 1 $144,000.

CA 12. 2 106920000431588 5119 Alejo Street 91 $35,943.08 2/25/21 90 $283000
3/25/96 92124 299 05 3.75 9431588 San Diego $36,500.
45 9/25/96 18.00 06 292 1 $355,000.


CA 11. 2 106920000431589 30922 Colonial  91 $29,600.02 2/22/21 86 $391422
3/22/96 92677 299 03 2.75 9431589 Laguna Niguel $30,000.
45 6/22/96 18.00 06 292 1 $495,000.

CA 9.25 2 106910000431590 1018 24th Street 81 $32,371.26 4/1/11 57 $572000
3/28/96 90403 180 05 1.00 9431590 Santa Monica $50,000.
41 9/28/96 18.00 06 174 1 $1,100,000.


CA 11. 2 106910000431591 426 Pacific CIR 91 $78,216.57 3/1/21 90 $207000
4/1/96 91320 299 05 2.75 9431591 Thousand Oaks $85,500.
37 6/1/96 18.00 00 293 1 $325,000.

CA 9.25 2 106910000431592 1833 La  81 $33,340.3 2/27/21 15 $17571
3/27/96 91030 299 05 1.00 9431592 South Pasadena $34,000.
45 6/27/96 18.00 06 292 1 $350,000.



<PAGE>
CA 11. 2 106920000431593 73 Hillcrest Drive 91 $31,805.75 2/26/21 88 $320000
3/26/96 94563 299 05 2.75 9431593 Orinda $32,000.
37 5/26/96 18.00 00 292 1 $400,000.

CA 10.75 2 106920000431594 3576 Briarbrook  91 $10,527.4 2/22/21 89 $187000
3/22/96 95132 299 05 2.50 9431594 San Jose $20,000.
28 9/22/96 18.00 06 292 1 $235,000.


CA 12.5 2 106930000431595 23144 Vista Way 91 $29,994.88 2/28/11 95 $160000
3/28/96 92630 179 03 4.25 9431595 Lake Forest $30,000.
48 4/2/96 18.00 06 173 1 $200,000.






FL 11.5 2 112920000431596 8432 Littleleaf  91 $33,265.67 2/27/21 90 $169100
3/27/96 32835 299 03 3.25 9431596 Orlando $33,800.
50 9/27/96 18.00 00 292 1 $226,500.

CA 11. 2 106920000431597 4600 Via Dolce #  91 $20,586.14 2/28/21 87 $168400
3/29/96 90292 298 01 2.75 9431597 Los Angeles $21,000.
40 9/28/96 18.00 00 293 1 $220,000.


CA 12. 2 106920000431598 14814 Derringer  91 $74,081.7 2/25/21 90 $207000
3/25/96 92064 299 05 3.75 9431598 Poway $75,000.
50 6/25/96 18.00 06 292 1 $315,000.

WA 9.25 2 153910000431599 26481 Marine  81 $35,237.96 2/21/21 68 $207000
3/21/96 98032 299 05 1.00 9431599 Kent $36,500.
42 6/21/96 18.00 06 292 1 $360,000.


CA 11.5 2 106920000431600 594 Tara Street 91 $34,861.77 2/27/21 88 $206250
3/27/96 91320 299 05 3.25 9431600 Thousand Oaks $35,600.
50 9/27/96 18.00 06 292 1 $275,000.

CA 9.75 2 106910000431601 614 North  81 $39,318.44 2/28/21 73 $194845
3/29/96 92667 298 05 1.50 9431601 Orange $40,000.
46 6/29/96 18.00 06 293 1 $325,000.



<PAGE>
CA 9.25 1 106910000431602 2 Roosevelt Circle 81 $65,898.06 2/26/21 27 $0
3/26/96 95306 299 05 1.00 9431602 Palo Alto $100,000.
40 6/26/96 18.00 06 292 1 $375,000.

CA 11. 2 106920000431604 713 Lyon Street 91 $38,874.9 2/26/21 87 $198750
3/26/96 94115 299 05 2.75 9431604 San Francisco $39,700.
46 9/26/96 18.00 00 292 1 $275,000.


CA 9.25 2 106910000431605 1824 Laurel Street 81 $49,208.21 2/26/21 45 $315000
3/26/96 91030 299 05 1.00 9431605 South Pasadena $50,000.
41 9/26/96 18.00 06 292 1 $815,000.

CA 7.25 2 106920000431608 1407 Stanton Way 91 $16,300.15 3/1/21 85 $285600
4/1/96 95131 299 05 3.25 9431608 San Jose $17,850.
48 10/1/96 18.00 00 293 1 $360,000.


CA 9.75 2 106910000431609 136 West  81 $33,237.66 2/25/21 70 $99851
3/25/96 95376 299 05 1.50 9431609 Tracy $35,000.
49 6/25/96 18.00 06 292 1 $195,000.






AZ 9.25 2 104910000431610 8144 E. La Junta  81 $62,660.17 2/22/21 75 $200000
3/22/96 85255 299 03 1.00 9431610 Scottsdale $65,000.
43 9/22/96 18.00 06 292 1 $355,000.

CA 11. 2 106920000431611 39621 Benavente  91 $20,266.6 2/14/21 88 $273300
3/14/96 94539 299 05 2.75 9431611 Fremont $45,000.
32 6/14/96 18.00 01 292 1 $364,000.


CA 11.5 2 106920000431612 15950 Skytop  91 $74,129.07 3/25/21 90 $600000
3/25/96 91436 300 05 3.25 9431612 Los Angeles $75,000.
43 6/25/96 18.00 01 293 1 $750,000.

WA 11. 2 153920000431613 4822 48th  91 $19,697.16 3/1/21 86 $91445
4/1/96 98116 299 05 2.75 9431613 Seattle $20,000.
44 7/1/96 18.00 06 293 1 $131,000.



<PAGE>
CA 7.25 2 106920000431614 2240 West  91 $27,523.32 3/2/21 90 $293250
4/2/96 93536 299 05 2.75 9431614 Lancaster $58,600.
36 10/2/96 18.00 00 293 1 $391,000.

CA 10.5 2 106910000431615 2851 Grand  91 $37,013.02 3/24/21 90 $187500
3/24/96 93441 300 05 2.25 9431615 Los Olivos $37,500.
42 6/24/96 18.00 01 293 1 $250,000.


CA 11. 2 106920000431616 167 Brisco RD 91 $29,382.47 3/1/21 90 $147750
4/1/96 93420 299 05 2.75 9431616 Arroyo Grande $29,500.
45 6/1/96 18.00 00 293 1 $197,000.

CO 9.25 2 208910000431618 6396 Robin Drive 81 $70,152.13 3/1/21 79 $99709
4/18/96 80503 298 05 1.00 9431618 Longmont $99,500.
34 7/18/96 18.00 03 293 1 $252,500.


CA 10.5 2 106910000431621 657 George Street 91 $37,020.15 4/1/21 90 $187500
3/28/96 94037 300 05 2.25 9431621 Montara $37,500.
38 6/28/96 18.00 01 294 1 $250,000.

MD 10.5 2 124920000431623 858 San Mateo  91 $7,858.08 4/1/21 90 $82500
3/29/96 20657 300 05 2.25 9431623 Luusby $16,500.
38 6/29/96 18.00 06 294 1 $110,000.


IL 12. 2 217910000431627 4324 N  90 $43,998.44 3/26/11 95 $109515
3/26/96 60656 180 05 3.75 9431627 Harwood Heights $44,000.
33 6/26/96 18.00 06 173 1 $162,000.






CA 10.5 2 206920000431628 1338 Gates Place 91 $37,429.73 3/28/21 88 $304000
3/28/96 91030 300 05 2.25 9431628 South Pasadena $38,000.
34 6/28/96 18.00 00 293 1 $390,000.

UT 9.25 2 149910000431630 333 East 2475  81 $9,547.52 5/1/21 79 $82000
4/2/96 84341 300 05 1.00 9431630 North Logan $12,000.
46 7/2/96 18.00 01 295 1 $119,000.



<PAGE>
CA 10.5 2 106920000431631 2721 Tiffany  91 $14,756.61 4/4/21 90 $120000
4/4/96 95827 300 05 2.25 9431631 Sacramento $15,000.
43 7/4/96 18.00 01 294 1 $150,000.

CA 9.25 2 106910000431632 13 Buccaneer  81 $24,545.89 4/3/21 45 $99792
4/3/96 94925 300 05 1.00 9431632 Corte Madera $25,000.
32 7/3/96 18.00 06 294 1 $282,500.


CA 11. 2 106920000431636 75 Eddy Court 91 $15,094.83 4/4/21 89 $121000
4/4/96 95965 300 05 2.75 9431636 Oroville $15,300.
28 7/4/96 18.00 06 294 1 $154,000.

MO 11.75 2 129910000431639 18908 E 33rd CT  91 $21,625.62 4/1/11 95 $156896
3/29/96 64057 180 05 3.50 9431639 Independence $32,000.
22 6/29/96 18.00 06 174 1 $200,000.


CA 10.5 2 106920000431640 1627 Teresa  91 $18,909.21 3/27/21 90 $164000
3/27/96 95035 300 09 2.25 9431640 Milpitas $20,500.
33 6/27/96 18.00 06 293 1 $205,000.

UT 7.25 2 149910000431643 2235 East  81 $10.85 3/4/21 80 $62144
4/4/96 84108 299 05 1.00 9431643 Salt Lake City $55,000.
42 10/4/96 18.00 06 293 1 $147,000.


CA 11. 2 106920000431647 322 33rd Avenue 91 $31,039.22 4/1/21 90 $171000
4/1/96 95062 300 05 2.75 9431647 Santa Cruz $31,500.
49 7/1/96 18.00 06 294 1 $225,000.

CA 10.5 2 106920000431651 25 Rockrose 91 $6,521.67 2/13/21 90 $261600
3/13/96 92656 299 03 2.25 9431651 Aliso Viejo $32,700.
45 9/13/96 18.00 01 292 1 $327,000.


CA 9.25 2 106910000431655 1520 Monaco  81 $111,890.37 3/12/21 80 $837000
4/12/96 90272 299 05 1.00 9431655 Los Angeles $163,000.
42 7/12/96 18.00 06 293 1 $1,250,000.







<PAGE>
CA 8.75 2 206910000431656 805 Floresta  81 $34,041.55 3/5/21 65 $82000
4/5/96 94578 299 05 0.50 9431656 San Leandro $50,000.
26 7/5/96 18.00 01 293 1 $204,000.

GA 10.25 2 113920000431664 3263 Barnwell  91 $11,244.56 3/19/21 90 $93252
4/19/96 30073 299 05 2.00 9431664 Powder Springs $12,000.
28 7/19/96 18.00 03 293 1 $118,000.


UT 8.75 2 149910000431668 691 W 300 N 91 $40,332.32 4/1/21 80 $103832
4/1/96 84601 300 05 0.50 9431668 Provo $48,150.
34 7/1/96 18.00 06 294 1 0

CA 12. 2 106990000431669 2733 W  92 $21,019.31 5/10/11 100 $114300
5/10/96 93277 180 05 3.75 9431669 Visalia $35,700.
31 0 18.00 06 175 1 $150,000.


NJ 10.5 2 134920000431670 1 Race Street 91 $3,942.55 4/11/21 83 $72800
4/11/96 07003 300 05 2.25 9431670 Bloomfield $20,000.
43 7/1/96 18.00 06 294 1 $112,000.

NJ 11. 2 134920000431671 10 Clifford Drive 91 $22,516.78 4/11/21 90 $189533
4/11/96 07656 300 05 2.75 9431671 Park Ridge $39,000.
42 7/1/96 18.00 02 294 1 $255,000.


GA 7.25 1 213920000431673 1365 Driftwood  90 $124,650. 3/25/11 89 $0
4/25/96 30075 179 05 3.25 9431673 Roswell $124,650.
40 10/25/96 18.00 00 173 1 $141,000.

MA 7.25 2 225910000431675 199 Edgehill Road 81 $17,573.61 3/1/21 75 $207000
4/18/96 02186 298 05 0.50 9431675 Milton $18,000.
25 10/18/96 18.00 06 293 1 $300,000.


VA 11. 2 151920000431677 314 N. Barton  91 $43,198.87 4/4/21 90 $159000
4/1/96 22201 300 05 2.75 9431677 Arlington $43,500.
37 7/4/96 18.00 06 294 1 $225,000.

MA 8.75 2 225910000431678 76-78 Columbia  81 $24,842.2 4/19/21 80 $98100
4/19/96 02148 300 05 0.50 9431678 Malden $25,000.
45 7/19/96 18.00 06 294 1 $155,000.



<PAGE>
CA 11. 2 106920000431679 1 Mahogany  91 $50,323.18 3/1/21 90 $412000
4/1/96 92720 299 05 2.75 9431679 Irvine $51,500.
38 6/1/96 18.00 00 293 1 $515,088.






CA 11. 2 106920000431684 835 Van Dyke  91 $31,369.3 3/18/21 90 $256000
4/18/96 92657 299 05 2.75 9431684 Laguna Beach $32,000.
42 7/18/96 18.00 06 293 1 $320,000.

CA 12. 2 106910000431691 864 North Snow  91 $36,729.53 3/11/11 95 $200000
4/11/96 92669 179 05 3.75 9431691 Orange $37,500.
40 7/11/96 18.00 00 173 1 $250,000.


CA 11. 2 106920000431692 552 Windsor  91 $46,973.85 3/25/21 86 $207000
3/25/96 95492 300 05 2.75 9431692 Windsor $50,000.
45 6/25/96 18.00 06 293 1 $300,000.

CA 7.25 2 106920000431695 18377 Hampshire  91 $58,045.23 3/3/21 90 $154000
4/3/96 95037 299 05 3.75 9431695 Morgan Hill $59,300.
48 10/3/96 18.00 03 293 1 $237,000.


GA 10.5 2 113920000431697 211 Pebble Brook  91 $38,397.42 5/1/21 89 $195000
4/4/96 30342 300 05 2.25 9431697 Macon $39,000.
29 7/4/96 18.00 00 295 1 $265,000.

CA 10.5 2 206910000431698 5481 Marine  91 $4,473.76 2/21/21 90 $182000
3/21/96 90250 299 01 2.25 9431698 Hawthorne $29,500.
35 6/21/96 18.00 06 292 1 $235,000.


CA 11.25 2 206920000431703 1795 Lotus  91 $59,907.45 3/17/21 90 $150100
4/17/96 92243 299 05 3.00 9431703 El Centro $61,100.
26 7/17/96 18.00 02 293 1 $235,000.

CA 11. 2 206910000431704 2535 E Omega  91 $18.42 3/1/21 87 $190400
4/1/96 92806 299 05 2.75 9431704 Anaheim $15,000.
50 7/1/96 18.00 06 293 1 $238,000.



<PAGE>
WA 9.25 2 153910000431708 20635 6th  81 $131,839.18 3/3/21 55 $100100
4/3/96 98166 299 05 1.00 9431708 Normandy Park $135,000.
33 7/3/96 18.00 00 293 1 $435,000.

CA 7.25 2 106920000431710 473 Fernwood DR 91 $98,822.56 3/4/21 89 $351649
4/4/96 94556 299 05 2.75 9431710 Moraga $100,000.
42 10/4/96 18.00 06 293 1 $510,000.


CA 11. 2 106910000431717 1008 Edgemont  91 $47,261.28 4/2/21 90 $266464
4/2/96 92102 300 05 2.75 9431717 San Diego $48,000.
50 7/2/96 18.00 06 294 1 $350,000.






CA 11.5 2 106910000431718 13325 Jonathan  91 $61,064.38 4/5/21 87 $207000
4/5/96 92064 300 05 3.25 9431718 Poway $62,000.
38 7/5/96 18.00 06 294 1 $310,000.

CA 11. 2 106910000431719 106 Fallbrook  91 $27,879.17 4/5/21 90 $143250
4/5/96 91320 300 05 2.75 9431719 Thousand Oaks $28,650.
31 7/5/96 18.00 06 294 1 $191,000.


CA 12.5 2 106910000431721 850 Blackwood  91 $30,728.44 3/27/11 95 $188000
3/27/96 91910 180 05 4.25 9431721 Chuba Vista $44,750.
49 4/30/96 18.00 06 173 1 $245,000.

CA 11. 2 106910000431722 6363 Mountford  91 $21,349.75 3/29/21 90 $172000
3/29/96 95123 300 05 2.75 9431722 San Jose $21,500.
40 6/29/96 18.00 06 293 1 $215,000.


CA 8.5 2 106910000431723 305 Harding  81 $30,693.87 4/4/21 41 $177500
4/4/96 95032 300 05 0.25 9431723 Los Gatos $50,000.
25 7/4/96 18.00 01 294 1 $562,000.

CA 10.5 2 106910000431724 646 Malarin  91 $9,934.95 4/1/21 90 $197600
4/1/96 95050 300 05 2.25 9431724 Santa Clara $24,000.
40 7/1/96 18.00 06 294 1 $247,000.



<PAGE>
WA 12. 2 253930000431725 3204 Russet Road 91 $39,415.22 4/28/11 95 $82142
5/28/96 98036 179 05 3.75 9431725 Brier $39,450.
35 6/28/96 18.00 02 174 1 $128,000.

CA 8.5 2 106910000431726 13166 Heath  81 $10,569. 4/1/21 80 $244000
4/1/96 95070 300 05 0.25 9431726 Saratoga $11,200.
30 7/1/96 18.00 06 294 1 $319,000.


HI 9.25 2 115910000431727 95-111 Lalei Place 91 $26,741.18 3/27/21 90 $218400
3/27/96 96789 300 03 1.00 9431727 Mililani $26,800.
47 6/27/96 18.00 03 293 1 $273,000.

CA 9.75 2 106910000431730 6635 Pinehaven  81 $39,525.37 5/1/21 80 $207000
4/3/96 94611 300 05 1.50 9431730 Oakland $41,000.
46 7/3/96 18.00 02 295 1 $310,000.


CA 10.5 2 106910000431734 13761 Bowen  91 $24,629.92 2/25/11 89 $135000
3/25/96 92643 179 05 2.25 9431734 Garden Grove $25,000.
44 6/25/96 18.00 06 172 1 $180,000.






CA 7.25 2 106920000431735 11725 Ramona  91 $3,782.43 3/3/21 90 $153000
4/3/96 91710 299 05 2.00 9431735 Chino $22,000.
27 10/3/96 18.00 06 293 1 $195,000.

CA 9.25 2 206920000431736 9616 Riverview  91 $4,762.44 3/1/21 90 $135000
4/1/96 92040 299 05 2.25 9431736 Lakeside $45,000.
42 10/1/96 18.00 06 293 1 $200,000.


CA 7.25 2 106910000431737 15155  81 $49,384.87 3/10/11 73 $584102
4/10/96 92064 179 05 1.00 9431737 Poway $50,000.
27 10/10/96 18.00 06 173 1 $870,000.

CA 12. 2 106930000431739 1586 Martin  92 $24,099.44 4/10/11 100 $207000
4/10/96 95126 180 05 3.75 9431739 San Jose $65,000.
37 5/10/96 18.00 06 174 1 $272,000.



<PAGE>
CA 9. 2 206910000431740 4745 Woodview  81 $14,399.27 3/28/11 78 $207000
3/28/96 95405 180 03 0.75 9431740 Santa Rosa $100,000.
25 9/28/96 18.00 06 173 1 $395,000.

CA 9.75 2 206910000431741 1145 Littleoak  81 $99,105.11 2/27/21 71 $182800
3/27/96 95129 299 05 1.50 9431741 San Jose $100,000.
50 6/27/96 18.00 06 292 1 $400,000.


CA 10.5 2 206920000431742 4718 Bay Tree  90 $49,214.49 3/2/11 81 $48577
4/2/96 95338 179 05 0.50 9431742 Mariposa $50,000.
45 7/2/96 18.00 01 173 1 $122,000.

CA 10.5 2 206920000431743 13 Ganadero 91 $23,782.51 3/19/21 88 $186000
4/19/96 92688 299 05 2.25 9431743 Rancho Santa  $25,000.
36 7/19/96 18.00 06 293 1 $240,000.


CA 9.5 2 106910000431752 239 Boyle Drive 81 $39,772.86 3/18/21 52 $110000
3/18/96 95503 300 05 1.25 9431752 Eureka $40,000.
28 6/18/96 18.00 06 293 1 $294,000.

CO 11.5 2 208930000431753 2180 South  92 $9,000. 3/5/11 100 $120600
4/5/96 80014 179 05 3.25 9431753 Aurora $27,400.
35 4/5/96 18.00 01 173 1 $148,000.


CA 10.5 2 206920000431754 3069 Goodwin  91 $31,699.29 4/1/21 90 $255200
4/5/96 94061 299 05 2.25 9431754 Redwood City $31,900.
36 6/30/96 18.00 00 294 1 $319,500.






CA 11. 2 106920000431755 192 Muir Avenue 91 $16,369.88 3/25/21 88 $239950
3/25/96 95051 300 05 2.75 9431755 Santa Clara $29,950.
39 6/25/96 18.00 06 293 1 $310,000.

ID 12. 2 116930000431756 8425 East Chilco  91 $34,021.98 4/10/11 95 $128250
4/10/96 83858 180 05 3.75 9431756 Rathdrum $34,200.
44 5/31/96 18.00 01 174 1 $171,000.



<PAGE>
CA 11. 2 106930000431758 1468 W Flora  91 $61,720.24 3/20/21 90 $143951
3/20/96 93654 300 05 2.75 9431758 Reedley $62,500.
39 6/20/96 18.00 06 293 1 $230,000.

CO 11. 2 208920000431761 2567 Otter Court 91 $22,717.66 4/5/21 90 $186430
4/5/96 80026 300 05 2.75 9431761 Lafayette $23,000.
42 7/5/96 18.00 06 294 1 $234,000.


OR 12. 2 241910000431763 19130 Klipple RD 92 $99,600.86 3/4/11 100 $311250
4/3/96 97701 179 05 3.75 9431763 Bend $100,000.
33 4/3/96 18.00 06 173 1 $415,000.

NM 10.5 2 235920000431765 11 Eototo Road 91 $49,939.77 3/5/21 85 $196000
4/5/96 87571 299 05 2.25 9431765 Taos $50,000.
39 7/5/96 18.00 06 293 1 $292,000.


FL 7.25 2 112910000431766 505 North  81 $12,960.8 3/19/21 76 $30312
4/19/96 33511 299 05 1.00 9431766 Brandon $15,000.
37 10/19/96 18.00 03 293 1 $60,000.

CA 8.75 2 106910000431768 6172 Sierra Palos 81 $42,163.68 4/1/21 67 $207000
4/4/96 92714 299 03 0.50 9431768 Irvine $43,000.
29 7/1/96 18.00 00 294 1 $376,000.


CA 10.5 2 106920000431769 12114 Winter  91 $27,143.94 4/8/21 90 $139500
4/8/96 92040 300 05 2.25 9431769 Lakeside $27,900.
42 7/8/96 18.00 01 294 1 $186,000.

CA 8.75 2 106910000431770 277 Belblossom  81 $19,672.98 3/25/21 53 $192397
3/25/96 95032 300 05 0.50 9431770 Los Gatos $30,000.
39 6/25/96 18.00 06 293 1 $420,000.


CA 11.5 2 106910000431775 1094 Celestial  92 $22,636.68 3/25/11 100 $80414
3/25/96 95991 180 05 3.25 9431775 Yuba City $23,000.
33 3/25/96 18.00 02 173 1 $103,500.







<PAGE>
WA 11.75 2 253930000431777 1700 N Cascade  91 $39,000. 4/5/11 90 $168000
4/5/96 98264 180 05 3.50 9431777 Lynden $39,000.
28 7/5/96 18.00 01 174 1 $230,000.

GA 10.75 2 113910000431779 9140  81 $19,540.56 3/26/11 74 $126000
3/26/96 30076 180 05 2.50 9431779 Roswell $20,000.
28 6/26/96 18.00 02 173 1 $198,500.


GA 11. 2 113920000431782 1699 Friar Tuck  91 $48,725.41 3/5/21 89 $399374
4/5/96 30309 299 05 2.75 9431782 Atlanta $50,000.
39 7/5/96 18.00 06 293 1 $510,000.

MD 7.25 2 224920000431783 1000 Daihlwood  91 $26,270.96 4/12/21 90 $219000
4/8/96 21157 300 05 2.75 9431783 Westminster $28,500.
39 10/8/96 18.00 06 294 1 $275,000.


VA 10.5 2 151920000431784 4911 Fox Creek  91 $9,586.97 1/24/21 87 $237000
2/24/96 22021 299 05 2.25 9431784 Chantilly $10,000.
29 5/24/96 18.00 01 291 1 $285,000.

CA 10.5 2 106920000431786 2654 San Carlos  91 $31,152.99 3/8/20 90 $256000
4/8/96 94070 287 05 2.25 9431786 San Carlos $32,000.
43 7/8/96 18.00 06 281 1 $320,000.


FL 7.25 2 112910000431787 1020-22 Nw 24th  91 $9,654.78 3/4/21 91 $52563
4/4/96 33125 299 05 3.25 9431787 Miami $63,000.
41 10/4/96 18.00 03 293 1 $128,000.

CA 11. 2 106910000431788 219 Allegheny  91 $4,666.66 3/4/11 84 $119300
4/4/96 92670 179 09 2.75 9431788 Placentia $13,000.
50 7/4/96 18.00 01 173 1 $158,000.


CA 10.5 2 106920000431790 16222 Windpiper  91 $34,406.56 4/4/21 88 $360000
4/4/96 92064 300 03 2.25 9431790 Poway $35,000.
39 7/4/96 18.00 06 294 1 $450,000.

CA 8.75 2 106910000431791 204 Hat Creek  81 $29,031.78 4/9/21 80 $207000
4/9/96 94583 300 03 0.50 9431791 San Ramon $29,800.
35 7/9/96 18.00 01 294 1 $296,000.



<PAGE>
FL 11.25 2 112920000431792 10030 Nw 9th St  92 $8,835.87 3/8/11 100 $65000
4/8/96 33172 179 01 3.00 9431792 Miami $22,000.
21 4/8/96 18.00 02 173 1 $87,000.






CA 10.5 2 106920000431796 13061 Spring  91 $31,085.63 4/8/21 86 $207000
4/8/96 96003 300 03 2.25 9431796 Redding $32,000.
45 7/8/96 18.00 06 294 1 $279,500.

FL 10.5 2 112920000432530 2705 Sablewood  91 $22,831.66 2/25/21 90 $98000
3/25/96 33594 299 05 2.25 9432530 Valrico $23,500.
29 6/25/96 18.00 06 292 1 $135,000.


ID 10.75 2 116910000432531 P.o.box 93 91 $21,215.68 5/1/21 81 $38500
4/4/96 83852 300 05 2.50 9432531 Ponderay $21,700.
29 7/4/96 18.00 01 295 1 $75,000.

CA 12. 2 106920000432532 8309 Dinsdale  91 $67,343.24 4/5/21 90 $103877
4/5/96 92040 300 05 3.75 9432532 Downey $71,600.
31 7/5/96 18.00 06 294 1 $195,000.


VA 9.25 2 151910000432535 2025 Turtle Pond  81 $16,229.42 4/4/21 80 $258000
4/4/96 22091 300 09 1.00 9432535 Reston $22,000.
19 7/5/96 18.00 06 294 1 $350,000.

CA 11. 2 106920000432538 10614 Scott  91 $21,764.46 4/10/21 88 $131250
4/10/96 90603 300 05 2.75 9432538 Whittier $22,173.
50 7/10/96 18.00 06 294 1 $175,000.


CA 11.5 2 106930000432543 2346 Tocayo  92 $18,481.08 2/24/11 100 $76402
3/24/96 92154 179 01 3.25 9432543 San Diego $18,500.
42 0 18.00 02 172 1 $95,000.

MI 7.25 2 226910000432546 4240 Blue Heron  81 $9,466.78 4/22/21 77 $207000
4/22/96 48326 300 05 0.50 9432546 Auburn Hills $10,000.
37 10/22/96 18.00 06 294 1 $285,000.



<PAGE>
NJ 10.75 2 134920000432547 5 Whitby Road 92 $78,111.56 3/18/21 88 $200000
4/18/96 07046 299 05 2.50 9432547 Mountian Lakes $80,000.
22 4/30/96 18.00 01 293 1 $320,000.

VA 10.5 2 151920000432549 10205 Bens Way 91 $9,072.01 2/18/21 85 $160000
3/18/96 22110 299 03 2.25 9432549 Manassas $10,000.
33 6/18/96 18.00 06 292 1 $200,000.


NY 7.25 1 136910000432553 1537 Pea Pond  81 $5,856.94 5/29/11 62 $0
5/29/96 11710 180 05 1.75 9432553 Bellmore $125,000.
30 11/28/96 18.00 06 175 1 $203,000.






NY 8.75 2 136910000432556 30 Brook Path 81 $14,671.51 3/4/21 80 $207000
4/4/96 11803 299 05 0.50 9432556 Plainview $15,000.
32 7/4/96 18.00 06 293 1 $278,000.

CA 11.5 2 106920000432559 5210 Medina  91 $38,801.36 4/4/21 90 $167165
4/4/96 91364 300 05 3.25 9432559 Woodland Hills $39,000.
40 7/4/96 18.00 01 294 1 $230,000.


MD 10.5 2 124920000432560 15216 Jones Lane 91 $22,967.76 1/23/21 90 $296000
2/23/96 20878 299 05 2.25 9432560 Darnestown $37,000.
39 5/23/96 18.00 06 291 1 $370,000.

WA 10.5 2 153920000432561 10305 Ne 16th  91 $15,808.42 3/22/21 90 $81700
4/22/96 98004 299 01 2.25 9432561 Bellevue $16,300.
30 7/22/96 18.00 00 293 1 $108,950.


CA 12. 2 106930000432562 616 Ruisseau  91 $49,011.86 3/22/11 95 $268000
4/22/96 94019 179 05 3.75 9432562 Half Moon Bay $50,000.
32 7/22/96 18.00 00 173 1 $335,000.

WA 11. 2 153920000432563 3218 R Avenue 91 $20,498.54 3/11/21 85 $132000
4/11/96 98221 299 05 2.75 9432563 Anacortes $20,500.
47 7/11/96 18.00 03 293 1 $180,000.



<PAGE>
CA 12.5 2 106930000432564 5 Arborglen 91 $43,847.18 3/19/11 95 $238400
4/19/96 92714 179 03 4.25 9432564 Irvine $44,700.
39 7/19/96 18.00 00 173 1 $298,000.

CA 10.5 2 106930000432565 40748 Blacow  91 $15,132.98 5/1/21 90 $176957
3/29/96 94538 301 05 2.25 9432565 Fremont $20,000.
31 6/30/96 18.00 01 295 1 $220,000.


CA 11. 2 106920000432566 2592 & 2592 1/2  91 $19,699.91 3/18/21 87 $100500
4/18/96 90039 299 05 2.75 9432566 Los Angeles $20,100.
38 7/18/96 18.00 06 293 1 $140,000.

CA 10.5 2 106920000432567 12761 17th Street 91 $14,455.12 4/10/21 90 $124000
4/10/96 92373 300 05 2.25 9432567 Redlands $15,000.
45 7/10/96 18.00 06 294 1 $155,000.


CA 10.5 2 106920000432568 1550 Arlington  91 $14,797.4 4/8/21 86 $154600
4/8/96 94550 300 05 2.25 9432568 Livermore $21,000.
45 7/8/96 18.00 02 294 1 $205,000.






CA 7.25 2 106910000432570 1961  81 $25,567.63 3/19/21 68 $207000
4/19/96 94595 299 05 0.50 9432570 Walnut Creek $50,000.
47 10/19/96 18.00 01 293 1 $380,000.

CA 11. 2 106920000432571 12 28th Street 91 $26,439.69 2/28/21 85 $202500
3/28/96 94110 299 05 2.75 9432571 San Francisco $27,000.
41 9/29/96 18.00 00 293 1 $270,000.


CA 10.75 2 106920000432572 37796 Alta Court 91 $4,194.44 2/28/21 90 $207000
3/28/96 94536 299 03 2.50 9432572 Fremont $39,600.
26 9/28/96 18.00 01 293 1 $274,000.

CA 9.25 2 106910000432574 10400 Irondale  81 $20,062.03 2/28/21 80 $188500
3/28/96 91311 299 05 1.00 9432574 Chatsworth $20,300.
44 8/29/96 18.00 06 293 1 $261,000.



<PAGE>
CA 11.5 2 106920000432575 47260 Sand Sage  91 $63,700.4 2/25/21 87 $207000
3/25/96 92260 299 05 3.25 9432575 Palm Desert $65,000.
47 9/26/96 18.00 01 292 1 $315,000.

CA 12. 2 206930000432576 9511 Rock Drive 91 $30,314.96 3/5/11 95 $101600
4/5/96 92339 179 05 3.75 9432576 Forest Falls Area $31,000.
44 7/5/96 18.00 01 173 1 $140,000.


CA 11.5 2 106910000432585 5215 Del Este  91 $34,449.37 3/1/21 95 $184000
4/1/96 90623 299 05 3.25 9432585 La Palma $34,500.
40 6/1/96 18.00 00 293 1 $231,000.

CA 9.25 2 106910000432587 2641 Lombardy  81 $98,461.89 3/19/21 79 $490000
3/19/96 91108 300 05 1.00 9432587 San Marino $100,000.
39 6/19/96 18.00 01 293 1 $750,000.


FL 7.25 2 112910000432591 3722 Sw 85th  81 $24,692.17 3/10/11 70 $64539
4/10/96 33155 179 05 1.00 9432591 Miami $31,000.
34 10/10/96 18.00 06 173 1 $137,000.

CA 11. 2 106920000432593 1117 Las Palmas  91 $67,522.53 3/2/21 90 $551200
4/2/96 93110 299 03 2.75 9432593 Santa Barbara $68,900.
43 7/2/96 18.00 00 293 1 $689,000.


NV 8.75 2 132910000432594 389 Mottsville  81 $22,200.53 5/1/21 75 $390178
4/10/96 89410 300 05 0.50 9432594 Gardnerville $50,000.
37 7/10/96 18.00 01 295 1 $590,000.






FL 7.25 2 112910000432595 4321 Sw 3rd St 91 $18,461.67 3/9/21 90 $78400
4/9/96 33134 299 05 2.25 9432595 Miami $22,400.
37 10/9/96 18.00 06 293 1 $112,000.

UT 8.5 2 149910000432596 5100 South 2870  81 $47,548.25 3/11/11 71 $165000
4/11/96 84117 179 05 0.25 9432596 Salt Lake City $50,000.
22 7/11/96 18.00 06 173 1 $304,000.



<PAGE>
WA 11. 2 153920000432599 13312 163rd  91 $13,641.79 3/10/11 90 $117500
4/10/96 98374 179 03 2.75 9432599 Puyallup $14,000.
38 7/10/96 18.00 03 173 1 $147,500.

CA 11. 2 106920000432600 1660 Graham LN 91 $41,658.12 4/3/21 84 $207000
4/3/96 95050 300 05 2.75 9432600 Santa Clara $43,000.
23 7/3/96 18.00 06 294 1 $300,000.


OR 9.25 2 141910000432601 4045 Se Cora St 81 $18,240.46 3/22/21 80 $73388
4/22/96 97202 299 05 1.00 9432601 Portland $18,500.
34 7/22/96 18.00 03 293 1 $116,000.

IL 7.25 2 217920000432602 21939 6th Avenue 91 $23,751.87 4/24/21 90 $113794
4/19/96 60046 300 05 3.25 9432602 Lake Villa $24,350.
38 10/24/96 18.00 06 294 1 $153,500.


CA 12. 2 206930000432603 1618 South Rene  91 $37,430.17 3/11/11 95 $143250
4/11/96 92704 179 05 3.75 9432603 Santa Ana $38,200.
43 7/11/96 18.00 01 173 1 $191,000.

CA 9. 2 106910000432604 24522 Indian Hill  81 $49,652.4 2/28/21 80 $244000
3/29/96 91307 298 03 0.75 9432604 Los Angeles $56,000.
25 6/29/96 18.00 01 293 1 $375,000.


MD 11. 2 124920000432606 25105 Seneca  91 $27,098.16 2/15/21 90 $220000
3/15/96 20882 299 05 2.75 9432606 Gaithersburg $27,500.
36 6/15/96 18.00 06 292 1 $275,000.

CO 10.75 2 208920000432609 3930 Wesley  91 $6,875.84 3/23/21 90 $152250
4/23/96 80917 299 05 2.75 9432609 Colorado Springs $30,450.
47 5/23/96 18.00 06 293 1 $203,000.


MD 10.25 2 124920000432610 1573 Millersville  91 $19,912.2 4/1/21 90 $208000
3/12/96 21108 300 05 2.00 9432610 Millersville $26,000.
29 6/12/96 18.00 06 294 1 $260,000.







<PAGE>
CA 11.5 2 106920000432611 7440 Shelborne  91 $98,591.34 3/1/21 89 $633980
4/1/96 95650 299 03 3.25 9432611 Loomis $100,000.
50 7/1/96 18.00 06 293 1 $830,000.

FL 11. 2 112920000432614 16720 Sw 278  91 $24,657.09 2/20/21 89 $125000
3/20/96 33031 299 05 2.75 9432614 Miami $25,000.
38 9/20/96 18.00 03 292 1 $170,000.


OR 12. 2 141990000432622 575 NE Jackson  92 $9,699.76 3/25/11 100 $72900
4/25/96 97470 179 05 3.75 9432622 Roseburg $10,000.
35 0 18.00 01 173 1 $83,000.

FL 9.25 2 112910000432624 13897 Kimberly  81 $25,391.99 3/1/11 70 $78642
4/1/96 33644 179 05 1.00 9432624 Largo $36,800.
45 7/1/96 18.00 06 173 1 $165,000.


CA 12. 2 206930000432637 25052 Tenniel RD 91 $10,445.47 3/3/11 95 $195000
4/3/96 92325 179 05 3.75 9432637 Crestline Area $42,500.
38 7/3/96 18.00 06 173 1 $250,000.

CA 10.5 2 206920000432638 20852 Glencirn  91 $11,418.94 3/8/21 90 $235392
4/8/96 92646 299 05 2.25 9432638 Huntington Beach $29,500.
39 7/8/96 18.00 01 293 1 $295,000.


CA 9. 2 106910000432639 628 19th Street 91 $88,210.34 3/19/21 79 $420928
4/19/96 90266 299 05 0.75 9432639 Manhattan Beach $99,000.
30 4/30/96 18.00 01 293 1 $660,000.

FL 7.25 2 112910000432640 8820 Sw 27th  81 $20,909.31 3/8/21 76 $97051
4/8/96 33165 299 05 1.50 9432640 Miami $50,000.
47 10/8/96 18.00 03 293 1 $194,000.


FL 7.25 2 212920000432642 1039 Dishman  91 $18,845.34 5/1/21 90 $73845
4/19/96 32765 300 03 2.25 9432642 Oviedo $25,000.
33 10/18/96 18.00 06 295 1 $110,000.

CT 10.5 2 209920000432643 32 Center Street 91 $49,103.13 3/20/21 87 $110000
4/20/96 06906 299 05 2.25 9432643 Stamford $50,000.
35 7/20/96 18.00 06 293 1 $185,000.



<PAGE>
FL 7.25 2 112910000432646 3061 B Mary  91 $40,685.37 3/8/11 95 $187080
4/8/96 33133 179 01 3.75 9432646 Coconut Grove $40,900.
33 10/8/96 18.00 02 173 1 $240,000.






CA 11.5 2 106920000432649 1335 Arrow  91 $49,277.06 3/29/21 89 $151960
4/29/96 92621 299 05 3.25 9432649 Brea $50,000.
40 7/29/96 18.00 06 293 1 $227,000.

CA 10. 2 106910000432651 6201 Ramirez  81 $156,472.98 3/16/11 80 $1100000
4/16/96 90265 179 05 1.75 9432651 Malibu $160,000.
44 7/16/96 18.00 06 173 1 $1,575,000.


PA 8.5 2 142910000432652 321 Steeplechase  81 $24,786.81 3/3/21 77 $145924
4/3/96 19063 299 05 0.25 9432652 Upper Providence  $30,000.
27 7/3/96 18.00 06 293 1 $230,000.

CA 11. 2 106920000432653 3411 Chandler  91 $21,660.53 3/19/21 90 $111000
4/19/96 91505 299 05 2.75 9432653 Burbank $22,200.
35 7/19/96 18.00 00 293 1 $148,000.


CA 12. 2 106920000432654 4202 Woodman  91 $78,621.9 3/1/21 84 $324000
4/1/96 91423 299 05 3.75 9432654 Los Angeles $80,000.
49 7/1/96 18.00 06 293 1 $485,000.

NJ 10.5 2 134920000432657 98 Lake Shore  91 $15,278.92 3/9/21 90 $102124
4/9/96 07421 299 05 2.25 9432657 West Milford  $20,000.
42 7/9/96 18.00 06 293 1 $136,000.


OR 7.25 2 141920000432662 14911 S Loder  91 $14,900. 3/1/21 90 $124000
4/1/96 97045 299 05 2.75 9432662 Oregon City $15,500.
41 10/1/96 18.00 00 293 1 $155,000.

UT 7.25 2 149910000432663 2182 East 7495  81 $10,640.63 3/16/21 80 $54882
4/16/96 84121 299 05 0.25 9432663 Salt Lake City $50,000.
30 10/16/96 18.00 06 293 1 $132,000.



<PAGE>
CA 7.25 2 106920000432664 701 Sunset Drive 91 $41,992.14 3/2/21 90 $343200
4/2/96 94070 299 05 2.75 9432664 San Carlos $42,900.
38 10/2/96 18.00 00 293 1 $429,000.

CA 7.25 2 106920000432665 2048 Menalto  91 $29,463.22 3/2/21 90 $207000
4/2/96 94025 299 05 2.75 9432665 Menlo Park $30,100.
40 10/2/96 18.00 00 293 1 $263,500.


CA 10.5 2 106920000432666 19627 Vision  91 $16,961.77 2/26/21 85 $278000
3/26/96 90290 299 05 2.25 9432666 Los Angeles $17,350.
34 6/26/96 18.00 06 292 1 $347,500.






CA 11. 2 106920000432667 2030 Baltra Place 91 $47,360.73 2/27/21 90 $240000
3/27/96 92626 299 05 2.75 9432667 Costa Mesa $48,000.
37 6/27/96 18.00 06 292 1 $320,000.

CA 10.5 2 106920000432669 26072 San  91 $31,884.62 4/1/21 90 $272000
3/26/96 92692 300 03 2.25 9432669 Mission Viejo $34,000.
41 6/1/96 18.00 00 294 1 $340,000.


CA 12. 2 106930000432670 14 Columbus 91 $28,843.47 4/12/11 93 $180000
4/12/96 92677 180 03 3.75 9432670 Laguna Niguel $29,000.
38 5/31/96 18.00 06 174 1 $225,000.

UT 11.5 2 149930000432671 246 South 700  91 $34,001.79 4/11/11 99 $45974
4/11/96 84601 180 05 3.25 9432671 Provo $34,750.
43 5/31/96 18.00 06 174 1 $82,000.


ID 10.5 2 116920000432672 4908 Allamar  91 $29,122.09 4/11/21 90 $59000
4/11/96 83704 300 05 2.25 9432672 Boise $30,000.
33 7/11/96 18.00 06 294 1 $99,000.

CA 11. 2 106920000432673 1633 Jeffrey  91 $20,136.08 4/10/21 90 $164000
4/10/96 92027 300 05 2.75 9432673 Escondido $20,500.
47 7/10/96 18.00 06 294 1 $205,000.



<PAGE>
CA 9.25 2 106910000432674 163 Cheltenham  81 $20,061.51 4/12/21 34 $63724
4/12/96 95139 300 05 1.00 9432674 San Jose $20,000.
35 7/12/96 18.00 06 294 1 $250,000.

CA 12.5 2 106930000432675 5767 Menorca  91 $25,484.27 3/9/11 95 $153000
4/9/96 92124 179 09 4.25 9432675 San Diego $25,600.
48 4/15/96 18.00 06 173 1 $188,000.


CA 7.25 2 106910000432676 6149 Oneida  81 $43,696.67 3/3/21 75 $124222
4/3/96 95123 299 05 1.00 9432676 San Jose $46,000.
45 10/3/96 18.00 06 293 1 $227,000.

CA 7.25 2 106920000432677 11 Buccaneer  91 $28,795.04 3/12/21 89 $236000
4/12/96 90292 299 01 2.50 9432677 Los Angeles $29,500.
28 10/12/96 18.00 00 293 1 $300,000.


CA 12. 2 106930000432678 2979 Tapo Street 91 $10,614.58 3/8/11 97 $135702
4/8/96 93063 179 05 3.75 9432678 Simi Valley $29,200.
45 4/15/96 18.00 06 173 1 $170,000.






CA 7.25 2 106920000432679 551 West Cypress  81 $20,488.01 3/5/11 77 $86500
4/5/96 90220 179 05 2.75 9432679 Compton $21,000.
39 10/5/96 18.00 06 173 1 $140,000.

MI 7.25 2 226920000432683 47364 Northgate  91 $15,424.4 4/25/21 84 $144445
4/25/96 48188 300 05 2.25 9432683 Canton $20,000.
37 10/25/96 18.00 06 294 1 $196,000.


WA 10.5 2 153910000432684 30455 Kent-black  91 $28,327.93 5/1/21 90 $110660
4/4/96 ****** 300 05 2.25 9432684 Auburn $28,800.
36 7/4/96 18.00 01 295 1 $155,000.

MA 10.5 2 225920000432691 42 Trenton Street 91 $12,457.73 4/23/21 90 $132000
4/23/96 02176 300 05 2.25 9432691 Melrose $22,800.
41 7/23/96 18.00 06 294 1 $172,000.



<PAGE>
FL 11.25 2 112920000432692 814 North  91 $33,328.48 4/4/11 87 $164000
4/4/96 34615 180 05 3.00 9432692 Clearwater $34,500.
26 7/4/96 18.00 06 174 1 $230,000.

CA 11. 2 106920000432695 1944 West 252nd  91 $25,954.37 3/11/21 90 $131250
4/11/96 90717 299 05 2.75 9432695 Lomita $26,250.
37 7/11/96 18.00 00 293 1 $175,000.


MO 10.25 2 129910000432696 2406 S  91 $15,326.58 5/1/21 90 $77250
4/8/96 64075 300 05 2.00 9432696 Oak Grove $15,450.
28 7/8/96 18.00 06 295 1 $103,000.

GA 9.25 2 113920000432708 846 Ashland Ave 81 $22,679.61 4/8/21 80 $207000
4/9/96 30307 299 05 1.00 9432708 Atlanta $23,000.
30 7/9/96 18.00 01 294 1 $287,500.


PA 9.25 2 142910000432709 606 East 8th  81 $19,729.49 2/23/21 39 $12773
3/23/96 18067 299 05 1.00 9432709 Northampton $20,000.
25 9/23/96 18.00 06 292 1 $86,000.

ID 10.25 2 116920000432710 5374-76 N Five  91 $12,874.66 5/1/21 90 $99750
4/9/96 ****** 300 05 2.00 9432710 Boise $19,900.
13 7/9/96 18.00 00 295 1 $133,000.


PA 10.5 2 142920000432712 1021 Doans Way 91 $21,637.86 2/25/21 90 $188887
3/25/96 19422 299 05 2.25 9432712 Whitpain $24,400.
44 9/13/96 18.00 06 292 1 $237,500.






MI 11.5 2 226920000432713 5151 Olde  91 $12,272.23 4/8/21 82 $88272
4/8/96 48439 300 05 3.25 9432713 Grand Blanc $12,350.
38 7/8/96 18.00 06 294 1 $123,500.

CA 10.5 2 106920000432714 304 And 306  91 $45,490.66 5/1/21 90 $240000
4/5/96 90254 300 02 2.25 9432714 Hermosa Beach $48,000.
34 7/5/96 18.00 00 295 1 $320,000.



<PAGE>
MO 8.5 2 129910000432718 1206 FOREST ST 91 $10,999.74 5/1/21 92 $51000
4/5/96 65711 300 05 0.25 9432718 Mountain Grove $11,000.
25 7/5/96 18.00 01 295 1 $68,000.

OR 7.25 2 141920000432725 9143 Hill ST SW 91 $34,174.91 3/1/21 90 $140600
4/1/96 97223 299 05 2.75 9432725 Tigard $34,900.
49 10/1/96 18.00 02 293 1 $195,000.


CA 11.5 2 106930000432730 40127 Margery  91 $26,658.84 4/12/11 99 $186000
4/12/96 94538 180 05 3.25 9432730 Fremont $26,800.
27 5/12/96 18.00 01 174 1 $215,000.

CA 11. 2 106920000432732 868 Sonora Court 91 $29,925.02 2/27/21 90 $240000
3/27/96 91773 299 05 2.75 9432732 San Dimas $30,000.
42 6/27/96 18.00 00 292 1 $300,000.


CA 11. 2 106920000432733 40 Little Creek  91 $39,381.67 4/9/21 89 $198750
4/9/96 94954 300 01 2.75 9432733 Novato $39,700.
42 7/9/96 18.00 06 294 1 $270,000.

CA 11. 2 106920000432734 4618 Encinas  91 $34,052.62 3/8/21 90 $276000
4/8/96 91011 299 05 2.75 9432734 La  $34,500.
45 6/8/96 18.00 00 293 1 $345,000.


CA 11. 2 206920000432736 20643 Deforest  91 $32,927.22 3/15/21 90 $299610
4/15/96 91364 299 05 2.75 9432736 Woodland Hills $73,800.
30 7/15/96 18.00 06 293 1 $415,000.

NV 7.25 2 132920000432740 3661 Briar Cliff  91 $18,715.56 3/23/21 87 $61838
4/23/96 89115 299 05 2.25 9432740 Las Vegas $20,000.
35 10/23/96 18.00 03 293 1 $95,000.


CA 9.25 2 206910000432744 10911 McVine  81 $63,675.84 3/15/21 78 $68000
4/15/96 91042 299 05 1.00 9432744 Sunland Area $65,000.
39 7/15/96 18.00 02 293 1 $172,000.







<PAGE>
CA 9.25 2 106910000432748 5007 Carthage  81 $19,124.86 3/2/21 77 $227110
4/2/96 91301 299 05 1.00 9432748 Agoura Area $25,000.
45 6/2/96 18.00 03 293 1 $328,000.

CA 7.25 2 206920000432749 12096 Caminito  91 $12,963.64 4/9/21 90 $102000
4/4/96 92128 300 05 2.25 9432749 San Diego $13,200.
41 10/4/96 18.00 06 294 1 $128,000.


CA 11.5 1 106930000432750 1256 Seminary  91 $46,586.56 3/23/21 84 $0
4/23/96 94621 299 05 3.25 9432750 Oakland $75,000.
36 7/23/96 18.00 01 293 1 $90,000.

HI 11.5 2 115920000432751 520 ILIAINA  91 $54,186.3 4/10/21 90 $273750
4/10/96 96734 300 05 3.25 9432751 Kailua $54,700.
48 7/10/96 18.00 02 294 1 $365,000.


CO 10.25 2 208920000432752 845 Copperdale  91 $38,134.78 3/5/21 90 $113064
4/5/96 80403 299 05 2.00 9432752 Golden $48,000.
27 7/5/96 18.00 02 293 1 $180,000.

CA 9.75 2 106990000432771 1507 Maple ST 81 $60,835.17 6/1/21 41 $68128
5/14/96 94402 300 05 1.50 9432771 San Mateo $61,000.
50 8/14/96 18.00 06 296 1 $315,000.


CA 10.5 2 106990000432772 833 Gary AVE 91 $28,049.39 5/3/21 90 $275450
5/3/96 94086 300 05 2.25 9432772 Sunnyvale $34,400.
39 8/3/96 18.00 00 295 1 $344,350.

CA 12. 2 206910000432777 590 Modoc CT 90 $30,939.29 3/8/11 95 $194000
4/8/96 95123 179 05 3.75 9432777 San Jose $31,150.
37 0 18.00 06 173 1 $237,000.


CA 11. 2 106920000432778 23430 Rolling  91 $42,351.87 2/28/21 90 $277500
3/30/96 92570 298 05 2.75 9432778 Perris $55,500.
42 6/30/96 18.00 00 293 1 $370,000.

CA 11.25 2 206910000432783 3381 SIERRA  91 $195,787.69 4/3/21 90 $487136
4/3/96 95864 300 05 3.00 9432783 Sacramento $196,800.
43 7/3/96 18.00 06 294 1 $760,000.



<PAGE>
WA 11. 2 153920000432786 8011 131st St. 91 $17,351.66 4/12/21 88 $101250
4/12/96 98373 300 05 2.75 9432786 Puyallup $17,500.
41 7/12/96 18.00 01 294 1 $135,000.






WA 12. 2 153930000432787 1818 Sw Dawson  91 $27,194.65 3/19/11 95 $86246
4/19/96 98106 179 05 3.75 9432787 Seattle $27,750.
45 7/19/96 18.00 03 173 1 $120,000.

CA 10.5 2 106910000432788 810 Summit Drive 91 $37,504.08 4/17/21 90 $191250
4/17/96 91030 300 05 2.25 9432788 South Pasadena $38,250.
34 7/17/96 18.00 00 294 1 $255,000.


AZ 10.5 2 104920000432790 2626 E.ninth  91 $12,656. 5/1/21 90 $97252
4/10/96 85716 300 05 2.25 9432790 Tucson $37,700.
35 7/10/96 18.00 01 295 1 $150,000.

OR 7.25 2 241930000432793 3400 Huber ST  91 $48,972.18 4/5/11 95 $189000
4/5/96 97219 180 05 4.25 9432793 Portland $50,000.
48 10/5/96 18.00 01 174 1 $252,000.


CA 11.25 2 106990000432794 2311 Achilles DR 91 $36,660.41 5/4/21 90 $825000
5/4/96 90046 300 05 3.00 9432794 Los Angeles $165,000.
32 8/4/96 18.00 06 295 1 $1,100,000.

NM 10.25 2 135930000432795 7531 Camino Del  91 $29,885.45 5/1/21 88 $267200
4/15/96 87114 300 05 2.00 9432795 Albuquerque $30,000.
13 7/15/96 18.00 00 295 1 $338,000.


FL 7.25 2 112920000432796 3075 N Bay Road 91 $25,234.99 3/15/21 86 $180000
4/15/96 33139 299 05 2.75 9432796 Miami Beach $50,000.
37 10/15/96 18.00 02 293 1 $270,000.

UT 11.5 2 149930000432798 413 East Acoma  92 $32,679.84 3/11/11 100 $109538
4/11/96 84047 179 07 3.25 9432798 Midvale $34,000.
37 4/11/96 18.00 06 173 1 $144,500.



<PAGE>
CA 7.25 2 106920000432799 2945 Hopkins  91 $34,118.15 4/1/21 82 $222799
4/22/96 94062 299 05 2.75 9432799 Redwood City $35,000.
47 10/22/96 18.00 02 294 1 $315,000.

FL 10.5 2 112920000432800 520 Clarendon  91 $17,227.96 4/14/11 90 $180000
4/15/96 32789 179 05 2.25 9432800 Winter Park $36,000.
37 7/15/96 18.00 00 174 1 $242,000.


CO 10.5 2 208920000432801 10241 Mountain  91 $23,552.17 3/8/21 85 $186591
4/8/96 80126 299 03 2.25 9432801 Highlands Ranch $34,000.
45 7/8/96 18.00 06 293 1 $260,000.






VA 11.5 2 151920000432804 1467 Markham  92 $24,981.12 3/22/21 88 $60364
4/22/96 22630 299 05 3.25 9432804 Front Royal $25,000.
46 4/30/96 18.00 01 293 1 $98,000.

IL 11. 2 117920000432805 17690 S  91 $13,962.54 5/1/21 90 $84750
4/5/96 60477 300 05 2.75 9432805 Tinley Park $16,900.
36 7/5/96 18.00 01 295 1 $113,000.


CO 8.5 2 208910000432806 2030 E Park Place 81 $49,470.54 3/8/21 79 $83679
4/8/96 80205 299 05 0.25 9432806 Denver $50,000.
23 7/8/96 18.00 06 293 1 $170,000.

CO 8.5 2 208910000432808 421 Orilla Del  81 $6,626.29 3/9/21 80 $69327
4/9/96 80524 299 05 0.25 9432808 Fort Collins $40,000.
29 7/9/96 18.00 06 293 1 $137,500.


CO 9.25 2 208910000432809 560 Gunsmoke  81 $12,847.37 3/8/21 55 $60000
4/8/96 80421 299 05 1.00 9432809 Bailey $14,000.
50 7/8/96 18.00 06 293 1 $135,000.

CO 12. 2 208930000432813 21806  91 $16,120.66 4/9/11 95 $155874
4/9/96 80134 180 05 3.75 9432813 Parker $17,000.
39 7/9/96 18.00 06 174 1 $183,000.



<PAGE>
CA 11.5 2 106920000432814 2975 Ridge Ct 91 $68,918.14 4/12/21 89 $268000
4/12/96 95051 300 05 3.75 9432814 Santa Clara $69,500.
50 7/12/96 18.00 02 294 1 $382,000.

CA 7.25 2 106920000432824 225 Laning Drive 91 $71,543.2 4/17/21 90 $580000
4/17/96 94062 300 05 3.25 9432824 Woodside $72,500.
41 10/17/96 18.00 06 294 1 $725,000.


MA 7.25 2 125910000432830 45 Monadnock  80 $48,725.75 4/22/11 73 $573100
4/22/96 02167 180 05 0.50 9432830 Newton $50,000.
39 10/22/96 18.00 06 174 1 $857,000.

NY 9.25 2 136910000432834 3585 Centerview  81 $26,455.37 3/9/21 61 $86000
4/9/96 11793 299 05 1.00 9432834 Wantagh $27,000.
27 7/15/96 18.00 06 293 1 $187,000.


CA 8.75 2 106910000432835 243 Igancio  81 $9,882.55 4/17/21 78 $187394
4/17/96 94949 300 03 0.50 9432835 Novato $15,000.
31 7/17/96 18.00 06 294 1 $260,000.






CA 9.25 1 106910000432836 5419 Harrison  81 $12,504.7 4/16/11 24 $0
4/16/96 95969 180 05 1.00 9432836 Paradise $30,000.
42 7/16/96 18.00 02 174 1 $128,500.

FL 9.25 2 112910000432837 500 Hibiscus  81 $139,515.27 4/12/21 77 $207000
4/12/96 33009 300 05 1.00 9432837 Hallandale $141,000.
7 7/12/96 18.00 06 294 1 $455,000.


MD 10.25 2 124910000432838 8517 Carlynn  81 $48,129.72 4/4/21 75 $230000
4/4/96 20817 300 05 2.00 9432838 Bethesda $125,000.
34 7/4/96 18.00 06 294 1 $475,000.

CA 7.25 2 106910000432842 1230 Heritage  91 $71,067. 4/5/21 90 $346000
4/5/96 94024 300 05 3.25 9432842 Los Altos $72,000.
46 10/5/96 18.00 01 294 1 $465,000.



<PAGE>
UT 9.75 2 149910000432843 325 Greenleaf  81 $48,766.58 3/10/21 78 $105000
4/10/96 84032 299 05 1.50 9432843 Heber City $50,000.
49 7/10/96 18.00 06 293 1 $200,000.

NY 8.75 2 236910000432844 74 Prospect St 81 $6,080.83 3/10/21 50 $87000
4/5/96 11702 299 05 0.50 9432844 Babylon $20,000.
27 7/5/96 18.00 01 293 1 $215,000.


GA 10.75 2 113910000432848 2799 Chelsea  91 $24,798.39 3/2/21 87 $277325
4/2/96 30064 299 05 2.50 9432848 Marrietta $27,000.
19 7/2/96 18.00 06 293 1 $350,000.

GA 12. 2 213910000432849 225 Deer Trail 91 $22,806.48 1/7/11 95 $73961
2/7/96 30214 179 05 3.75 9432849 Fayetteville $23,000.
50 8/7/96 18.00 02 171 1 $103,000.


CA 12. 2 106930000432856 824 Ruth Drive 92 $28,715.6 3/25/11 100 $161000
4/25/96 94523 179 05 3.75 9432856 Pleasant Hill $29,000.
50 4/25/96 18.00 01 173 1 $190,000.

CA 11.5 2 106910000432858 6207 Sellers  92 $34,964.65 4/10/11 100 $284688
4/10/96 94561 180 05 3.25 9432858 Oakley $35,000.
42 4/16/96 18.00 01 174 1 $320,000.


WA 11. 2 253920000432867 2919 Alvarado  91 $33,171.91 5/5/11 90 $131380
4/5/96 98226 181 05 2.75 9432867 Billingham $33,600.
30 7/5/96 18.00 06 175 1 $184,000.






MA 9.25 2 225910000432868 1 Willowdale  81 $17,635.63 4/25/11 70 $177000
4/25/96 01940 180 05 1.00 9432868 Lynnfield $28,100.
39 5/1/96 18.00 06 174 1 $293,000.

CA 11. 2 106910000432870 7865 WILLOW  91 $32,105.59 4/3/21 90 $260000
4/3/96 90046 300 05 2.75 9432870 Los Angeles $32,500.
41 7/3/96 18.00 00 294 1 $325,000.



<PAGE>
CA 7.25 2 106920000432872 1651 West 23rd  91 $38,223.92 4/1/21 86 $273750
4/17/96 90732 299 05 2.75 9432872 San Pedro $39,250.
43 10/17/96 18.00 01 294 1 $365,000.

CA 11.5 2 106930000432873 1934 Crinan Drive 91 $23,105.54 4/9/11 99 $160000
4/9/96 95122 180 05 3.25 9432873 San Jose $25,000.
45 5/8/96 18.00 01 174 1 $187,000.


IL 7.25 2 217920000432874 3438 North  91 $43,702.1 4/30/21 90 $256000
4/25/96 60657 300 05 3.25 9432874 Chicago $45,500.
39 10/31/96 18.00 06 295 1 $335,000.

CA 12. 2 206930000432875 6462 Spear Street 92 $45,098.41 4/27/11 100 $234908
4/17/96 92120 180 04 3.75 9432875 San Diego $50,000.
42 4/17/96 18.00 02 174 1 $285,000.


CA 10.25 2 106910000432878 11900 Doral AVE 81 $75,010.78 3/1/21 80 $203023
4/1/96 91326 299 05 2.00 9432878 Northridge (area) $100,000.
45 7/1/96 18.00 06 293 1 $380,000.

CA 10.5 2 206920000432879 817 Camino  91 $44,186.57 3/8/21 90 $356000
4/8/96 ****** 299 03 2.25 9432879 Thousand Oaks $44,500.
45 7/8/96 18.00 00 293 1 $445,000.


CA 9.75 2 106910000432880 7460 Myers Lane 81 $23,446.05 4/25/21 80 $112000
4/25/96 95470 300 05 1.50 9432880 Redwood Valley $24,000.
50 7/25/96 18.00 01 294 1 $170,000.

CO 8.75 2 208910000432881 0101 Stagecoach  81 $19,579.38 3/8/21 65 $91000
4/8/96 81623 299 03 0.50 9432881 Carbondale $50,000.
43 7/8/96 18.00 06 293 1 $220,000.


VA 9.25 2 151910000432882 1237 Bruton Lane 81 $5,570.15 3/2/21 66 $112727
4/2/96 23451 299 05 1.00 9432882 Virginia Beach $25,000.
50 7/2/96 18.00 06 293 1 $210,500.







<PAGE>
CA 11. 2 206920000432884 22702  91 $58,995.92 4/10/11 89 $207000
4/10/96 92692 180 05 2.75 9432884 Mission Viejo $60,000.
45 7/10/96 18.00 00 174 1 $300,000.

FL 7.25 2 112910000432885 4980 Nw 92nd  81 $40,201.65 3/25/21 80 $39600
4/25/96 33321 299 05 0.50 9432885 Sunrise $43,600.
33 10/25/96 18.00 03 293 1 $104,000.


UT 10.75 2 149920000432888 716 East 250  91 $44,592.92 3/25/21 90 $93890
4/25/96 84010 299 05 2.50 9432888 Bountiful $45,600.
29 7/25/96 18.00 03 293 1 $155,000.

OR 11. 2 141920000432890 15217 Se  91 $30,153.23 3/24/21 88 $74080
4/24/96 97233 299 05 2.75 9432890 Portland $31,000.
31 7/24/96 18.00 03 293 1 $120,000.


CA 10.5 2 106920000432891 372 Hearst  91 $37,095.39 4/19/21 90 $187500
4/19/96 94112 300 05 2.25 9432891 San Francisco $37,500.
43 7/19/96 18.00 02 294 1 $250,000.

CA 8.5 2 206910000432896 17242 El Cajon  81 $19,514.91 4/10/11 80 $231953
4/10/96 92686 180 05 0.25 9432896 Yorba Linda $24,000.
28 7/10/96 18.00 06 174 1 $320,000.


CA 7.25 2 206920000432897 109 Beaumere  91 $33,209.6 4/9/21 90 $272000
4/9/96 95035 300 05 2.25 9432897 Milpitas $34,000.
30 10/9/96 18.00 00 294 1 $340,000.

FL 8.5 1 212910000432899 84 Lawson ST 90 $24,205.5 4/9/11 42 $0
4/9/96 33851 180 05 0.25 9432899 Lake Hamilton $30,000.
27 7/9/96 18.00 06 174 1 $72,500.


CA 7.25 2 206920000432900 1510 East Eagle  91 $47,531.22 4/8/21 87 $469415
4/8/96 91740 300 05 3.25 9432900 Glendora $50,000.
50 10/8/96 18.00 06 294 1 $600,000.

CA 11. 1 106920000432902 25875 Bell Aire  91 $21,508.72 4/15/21 90 $0
4/15/96 94542 300 05 2.75 9432902 Hayward $21,700.
33 7/15/96 18.00 06 294 1 $145,000.



<PAGE>
CA 11.5 2 106920000432903 956 San Thomas  91 $32,442.94 3/10/21 90 $163800
4/10/96 95008 299 09 3.25 9432903 Campbell $33,000.
46 7/10/96 18.00 06 293 1 $220,000.






OR 11. 2 141920000432904 3981 Concomly  91 $50,469.98 4/1/21 90 $173500
3/25/96 97306 300 05 2.75 9432904 Salem $51,500.
43 9/25/96 18.00 06 294 1 $250,000.

CA 10.5 2 106920000432906 215 Hidden  91 $44,504.17 2/22/21 90 $306000
3/22/96 95076 299 05 2.25 9432906 Watsonville $45,500.
19 6/22/96 18.00 01 292 1 $391,000.


CA 11.5 2 106920000432908 2160 Ridgemont  91 $43,684.91 2/23/21 90 $296000
3/23/96 90046 299 05 3.25 9432908 Los Angeles $59,500.
19 9/22/96 18.00 01 292 1 $395,000.

CA 11.5 2 106920000432909 37 Oakbrook 91 $53,953.2 4/17/21 90 $444000
4/17/96 92679 300 03 3.25 9432909 Coto De Caza $55,000.
48 7/17/96 18.00 06 294 1 $555,000.


CA 10.5 2 106920000432910 4005 Pollsbury  91 $21,072.3 4/15/21 90 $172000
4/15/96 94509 300 05 2.25 9432910 Antioch $21,500.
42 7/15/96 18.00 06 294 1 $215,000.

CA 11.5 2 106920000432912 654 Andamar  91 $35,033.78 3/10/21 90 $176600
4/10/96 93117 299 05 3.25 9432912 Goleta $35,300.
29 7/10/96 18.00 00 293 1 $235,500.


CA 10.5 2 106920000432914 1680 Madrone  91 $8,445.65 4/18/21 87 $116250
4/18/96 95482 300 05 2.25 9432914 Ukiah $23,200.
38 7/18/96 18.00 06 294 1 $162,000.

CA 7.25 2 106910000432915 4520 Alveo Road 91 $32,422.51 3/11/21 90 $264600
4/11/96 91011 299 05 2.75 9432915 La  $33,000.
35 10/11/96 18.00 00 293 1 $330,770.



<PAGE>
NM 8.75 2 135910000432916 12-C Caballo CT 81 $29,902.93 4/18/21 80 $125000
4/18/96 87015 300 05 0.50 9432916 Edgewood $31,000.
41 7/18/96 18.00 06 294 1 $195,000.

CA 11. 2 106920000432918 4048 Schuylkill  91 $32,798.94 3/16/21 90 $296000
4/16/96 91302 299 05 2.75 9432918 Calabasas $34,000.
49 7/16/96 18.00 00 293 1 $370,000.


CA 11. 2 206920000432920 7402 Coho Drive  91 $3,220.64 3/3/11 90 $193000
4/3/96 92648 179 01 2.75 9432920 Huntington Beach $27,500.
50 7/3/96 18.00 01 173 1 $245,000.






CA 10.5 2 206920000432921 7022 Ibis PL 91 $17,776.75 3/15/21 89 $241900
4/15/96 92009 299 03 2.25 9432921 Carlsbad $30,000.
30 7/15/96 18.00 00 293 1 $308,000.

CA 7.25 2 106920000432923 594 East Palm  91 $26,153.26 3/18/21 83 $191400
4/18/96 91001 299 05 2.75 9432923 Altadena $26,500.
42 10/18/96 18.00 00 293 1 $265,000.


CA 7.25 2 106920000432926 744 Paseo Del  91 $30,760.45 3/16/21 90 $157500
4/16/96 91910 299 05 3.25 9432926 Chula Vista $31,500.
46 10/16/96 18.00 06 293 1 $210,000.

CA 11. 2 106920000432927 33343 Barber  91 $20,834.63 3/8/21 90 $174340
4/8/96 91350 299 05 2.75 9432927 Los Angeles Area $21,800.
36 6/8/96 18.00 06 293 1 $218,500.


CA 10.5 2 206920000432928 1621 Avon Place 91 $11,046.09 3/10/21 89 $160000
4/10/96 91740 299 05 2.25 9432928 Glendora $25,000.
44 7/10/96 18.00 01 293 1 $210,000.

CA 10.75 2 106920000432930 4280 Marzo Street 91 $41,393.33 3/9/11 87 $97978
4/9/96 92154 179 05 2.50 9432930 San Diego $42,300.
20 7/9/96 18.00 06 173 1 $163,000.



<PAGE>
WA 12.5 2 153930000432932 7120 87th Street  91 $28,998.79 3/3/11 94 $84717
4/3/96 98499 179 05 4.25 9432932 Tacoma $29,200.
49 4/18/96 18.00 02 173 1 $122,000.

CA 7.25 2 106910000432934 1831 Madrona  81 $29,602.57 3/12/21 80 $170000
4/12/96 94558 299 05 1.50 9432934 Napa $30,000.
47 10/12/96 18.00 06 293 1 $250,000.


CA 7.25 2 106920000432935 13650 Beaumont  91 $54,510.7 3/1/21 90 $440000
4/1/96 95070 299 05 2.75 9432935 Saratoga $55,000.
44 10/1/96 18.00 01 293 1 $550,000.

CA 11. 2 106910000432937 18326 Collins  81 $29,415.87 3/4/21 79 $83376
4/4/96 91356 299 01 2.75 9432937 Tarzana $30,100.
39 7/4/96 18.00 00 293 1 $145,000.


CA 7.25 2 106920000432939 28 Deuce Court 91 $18,210.32 3/12/21 90 $151200
4/12/96 94930 299 09 3.25 9432939 Fairfax $18,900.
50 10/12/96 18.00 00 293 1 $189,000.






CA 10.75 2 106920000432940 616 West Edith  91 $16,355.13 3/12/21 90 $133600
4/12/96 91702 299 05 2.50 9432940 Azusa $16,700.
24 7/12/96 18.00 06 293 1 $167,000.

CA 10.5 2 206920000432942 11186 Caminito  91 $22,200.63 3/8/21 90 $175500
4/8/96 92126 299 01 2.25 9432942 San Diego $22,500.
36 7/8/96 18.00 02 293 1 $220,000.


CA 10.5 2 106920000432944 1330 Via Verde 91 $39,454.76 3/2/11 90 $198750
4/2/96 91773 179 05 2.25 9432944 San Dimas $39,750.
38 7/2/96 18.00 00 173 1 $265,000.

CA 7.25 2 106910000432945 4572 Varna  91 $32,752.5 3/8/21 83 $263200
4/8/96 91423 299 05 2.75 9432945 Sherman Oaks $32,900.
44 10/8/96 18.00 06 293 1 $360,000.



<PAGE>
CA 10.5 2 106920000432946 3128 Pacer Drive 91 $47,714.08 4/4/21 90 $207000
4/4/96 91760 300 05 2.25 9432946 Norco $48,500.
43 7/4/96 18.00 00 294 1 $286,000.

CA 7.25 2 106910000432947 116 N Oakhurst  81 $73,430.52 3/8/21 80 $595000
4/8/96 90210 299 05 1.50 9432947 Beverly Hills $85,000.
39 10/8/96 18.00 06 293 1 $850,000.


OR 9.25 2 141910000432949 381 Northeast  81 $31,813.47 3/11/21 75 $74000
4/11/96 97124 299 05 1.00 9432949 Hillsboro $32,500.
31 7/11/96 18.00 06 293 1 $142,000.

CA 12. 2 106930000432951 7365 Nebraska  91 $41,363.01 3/3/11 95 $126439
4/3/96 92139 179 05 3.75 9432951 San Diego $42,000.
45 4/18/96 18.00 06 173 1 $178,000.


CA 8.75 2 206910000432952 831 North  81 $11,147.46 3/8/21 62 $94000
4/8/96 91724 299 05 0.50 9432952 Covina $15,000.
32 7/8/96 18.00 01 293 1 $177,000.

CA 7.25 2 106920000432953 1572 Gary Court 91 $28,136.1 3/15/21 90 $143250
4/15/96 94928 299 05 3.25 9432953 Rohnert Park $28,600.
48 10/15/96 18.00 06 293 1 $191,000.


CA 7.25 2 106920000432955 8253 El Paseo  91 $34,682.02 3/17/21 84 $548101
4/17/96 92037 299 05 1.50 9432955 San Diego $100,000.
50 10/17/96 18.00 06 293 1 $775,000.






CA 12.5 2 106930000432956 5132 Almsbury  91 $13,508.56 3/16/11 95 $101600
4/16/96 95368 179 05 4.25 9432956 Salida $19,000.
46 4/23/96 18.00 06 173 1 $127,000.

CA 10.5 2 106920000432957 4739 Adele Court 91 $43,830.02 4/9/21 90 $357450
4/9/96 91364 300 05 2.25 9432957 Los Angeles $44,685.
35 7/9/96 18.00 00 294 1 $447,000.



<PAGE>
CA 7.25 2 106920000432958 27521 Minaya 91 $55,277.78 3/10/11 90 $177979
4/10/96 92691 179 03 2.75 9432958 Mission Viejo $56,000.
34 10/10/96 18.00 06 173 1 $262,000.

WA 8.75 2 253910000432960 13815 NW 10th  81 $19,716.16 3/10/21 52 $34039
4/10/96 98685 299 01 0.50 9432960 Vancouver $20,000.
41 7/10/96 18.00 06 293 1 $104,000.


CA 11.5 2 206920000432961 19495 Lobo De  91 $49,202.82 3/11/11 86 $440000
4/11/96 92562 179 05 3.25 9432961 Murrieta $49,500.
34 7/1/96 18.00 00 173 1 $575,000.

CA 7.25 2 106910000432965 32421 Via Antibes 81 $19,592.84 3/12/11 73 $330976
4/12/96 92629 179 03 1.50 9432965 Dana Point $20,000.
50 10/12/96 18.00 06 173 1 $481,000.


UT 7.25 2 149920000432967 9131 S Tortellini  91 $57,206.57 3/15/21 90 $108355
4/15/96 84093 299 05 3.25 9432967 Sandy $58,000.
50 10/16/96 18.00 06 293 1 $185,000.

CA 7.25 2 106930000432973 8856 Helenjames  91 $30,254.49 3/16/21 95 $116250
4/16/96 92126 299 05 3.75 9432973 San Diego $31,000.
41 10/16/96 18.00 06 293 1 $155,000.


CA 7.25 2 106920000432974 2033 Corte  91 $97,766.07 3/5/21 88 $554894
4/5/96 91901 299 03 3.25 9432974 Alpine $100,000.
32 10/5/96 18.00 06 293 1 $750,000.

CA 12.5 2 206920000432976 33661 Calle  91 $38,271.4 3/11/11 95 $208000
4/11/96 92675 179 03 4.25 9432976 San Juan  $39,000.
34 4/17/96 18.00 00 173 1 $260,000.


UT 7.25 2 149920000432977 688 E 50 N 91 $14,789.09 3/19/21 85 $113459
4/19/96 84032 299 05 2.25 9432977 Heber City $15,000.
44 10/19/96 18.00 06 293 1 $152,000.







<PAGE>
CA 12.5 2 206930000432980 6204 Olive  91 $6,329.75 3/10/11 95 $144400
4/10/96 93308 179 05 4.25 9432980 Bakersfield $17,100.
47 7/10/96 18.00 06 173 1 $170,000.

CA 11. 2 106920000432981 29234 Kestrel  91 $22,000. 2/21/21 89 $328000
3/21/96 92677 299 05 2.75 9432981 Laguna Niguel $36,000.
36 6/21/96 18.00 06 292 1 $410,000.


CA 7.25 2 106930000432984 2258 Trickling  91 $26,048.48 3/17/11 95 $235212
4/17/96 91750 179 03 3.75 9432984 La Verne $26,000.
45 10/17/96 18.00 02 173 1 $275,000.

CA 7.25 2 106910000432985 19070 Ludlow  91 $31,233.19 3/12/11 95 $195000
4/12/96 91326 179 05 4.25 9432985 Northridge Area $32,500.
34 10/12/96 18.00 06 173 1 $240,000.


CA 11.5 2 206920000432986 9881 Marian  91 $29,328.97 3/17/21 90 $156000
4/17/96 92804 299 05 3.25 9432986 Anaheim $31,200.
28 7/17/96 18.00 00 293 1 $208,000.

CA 11. 2 106920000432987 12101 Bangor  91 $23,061.46 3/12/11 90 $116250
4/12/96 92640 179 05 2.75 9432987 Garden Grove $23,250.
47 7/12/96 18.00 06 173 1 $155,000.


CA 10.5 2 206920000432989 3460 South  91 $6,012.95 3/12/21 90 $183500
4/12/96 90066 299 08 2.25 9432989 Los Angeles $23,000.
41 7/12/96 18.00 06 293 1 $230,000.

CA 10.5 2 206920000432991 5243 East  91 $23,282.09 3/16/21 89 $190000
4/16/96 92807 299 05 2.25 9432991 Anaheim Hills $35,000.
40 7/16/96 18.00 06 293 1 $255,000.


CA 11. 2 106920000432995 187 Kenny Court 91 $21,355.15 4/10/21 90 $207000
4/10/96 95065 300 05 2.75 9432995 Santa Cruz Area $97,200.
45 7/10/96 18.00 00 294 1 $338,000.

CA 9.25 2 106910000432996 5740 Petaluma  81 $8,551.06 4/16/11 70 $245425
4/16/96 95404 180 05 1.00 9432996 Santa Rosa $50,000.
23 7/16/96 18.00 06 174 1 $425,000.



<PAGE>
CA 8.75 2 206910000432998 1081 Yorktown  81 $29,611.52 3/5/21 80 $315000
4/5/96 94087 299 05 0.50 9432998 Sunnyvale $45,000.
31 7/5/96 18.00 06 293 1 $450,000.






CA 11. 2 106920000433004 10165 Jean Ellen  91 $84,222.1 3/2/21 90 $423750
4/2/96 95020 299 05 2.75 9433004 Gilroy $84,700.
36 7/2/96 18.00 00 293 1 $565,000.

CA 10.5 2 106920000433005 1498 Wabash  91 $19,792.98 4/17/21 81 $89000
4/17/96 95002 300 05 2.25 9433005 Alviso $20,000.
33 7/17/96 18.00 01 294 1 $135,000.


CA 11. 2 106920000433006 1263 East Potter  91 $47,792.12 4/16/21 90 $183748
4/16/96 91360 300 05 2.75 9433006 Thousand Oaks $48,400.
42 7/16/96 18.00 02 294 1 $258,000.

CA 11. 2 106910000433007 959 S Triunfo  91 $62,390.65 3/4/21 90 $207000
4/4/96 91361 299 05 2.75 9433007 Thousand Oaks $63,000.
33 6/4/96 18.00 06 293 1 $300,000.


CA 12.5 2 206930000433008 27010 Glaramara  91 $49,709.32 3/9/11 94 $439407
4/9/96 92687 179 05 4.25 9433008 Yorba Linda $50,000.
26 7/1/96 18.00 06 173 1 $525,000.

CO 7.25 2 208920000433009 3615 Gingham  91 $5,300.47 3/1/21 82 $112500
4/26/96 80918 298 05 2.00 9433009 Colorado Springs $10,000.
29 10/26/96 18.00 06 293 1 $150,000.


CA 11.5 2 106920000433010 169 Irish WAY 91 $28,629.8 3/9/21 90 $144400
4/9/96 93449 299 03 3.25 9433010 Pismo Beach $28,800.
47 7/9/96 18.00 00 293 1 $192,500.

CA 11. 2 206920000433011 279 W Kenneth  91 $15,301.46 3/9/21 85 $252000
4/9/96 91202 299 05 2.75 9433011 Glendale $15,750.
22 7/9/96 18.00 00 293 1 $315,000.



<PAGE>
MI 7.25 2 226920000433013 8370 Morningstar  91 $24,614. 4/26/21 87 $161250
4/26/96 48348 300 05 3.25 9433013 Clarkston $25,000.
45 10/26/96 18.00 02 294 1 $215,000.

CA 11.5 2 106920000433015 3139 Glen Alto  91 $49,775.67 2/28/21 89 $196870
3/29/96 95148 298 05 3.25 9433015 San Jose $50,000.
48 6/29/96 18.00 06 293 1 $279,000.


CA 12. 2 106930000433017 35959 Gaskell  91 $35,945.07 2/19/11 95 $249023
3/19/96 94536 179 05 3.75 9433017 Fremont $35,950.
36 3/19/96 18.00 06 172 1 $300,000.






DC 7.25 2 211920000433019 1216  91 $32,759.04 4/19/21 89 $188502
4/15/96 20003 300 07 3.25 9433019 Washington $33,600.
48 10/15/96 18.00 06 294 1 $250,000.

WA 8.75 2 253910000433020 13046 11th  81 $9,838.27 4/10/21 80 $142000
4/10/96 98125 300 05 0.50 9433020 Seattle $10,000.
34 7/10/96 18.00 06 294 1 $190,000.


CO 11.5 2 208930000433025 7895 Allison #302 91 $19,923.76 3/11/11 97 $37842
4/11/96 80005 179 01 3.25 9433025 Arvada $24,000.
40 4/11/96 18.00 02 173 1 $64,000.

CA 11.5 2 106930000433027 2248 Radnor AVE 92 $17,310.36 6/1/21 100 $224700
4/5/96 90815 301 05 3.25 9433027 Long Beach $25,000.
27 0 18.00 06 296 1 $250,000.


CO 7.25 2 208920000433028 2424 South  91 $48,622.49 4/22/21 90 $251250
4/16/96 80210 300 05 2.25 9433028 Denver $50,000.
39 10/16/96 18.00 02 294 1 $335,000.

PA 9.25 2 142910000433030 336 Valley View  81 $122,877.85 3/4/21 80 $207000
4/4/96 19425 299 03 1.00 9433030 Chester Springs $125,800.
30 9/4/96 18.00 06 293 1 $417,000.



<PAGE>
FL 12. 2 212930000433031 9302 Sw 77th  91 $12,529.49 3/9/11 95 $68000
4/9/96 33156 179 01 3.75 9433031 Miami $12,700.
33 4/9/96 18.00 06 173 1 $85,000.

CO 7.25 2 208910000433032 1102 Wheatridge  91 $22,870.42 4/16/11 95 $168624
5/16/96 80537 179 05 3.25 9433032 Loveland $25,000.
32 11/16/96 18.00 06 174 1 $204,000.


CO 8.75 2 208910000433033 8282 South  81 $36,000. 3/9/11 80 $200000
4/9/96 80120 179 09 0.50 9433033 Littleton $36,000.
38 7/9/96 18.00 06 173 1 $295,000.

CA 7.25 2 106910000433034 20547 Bushka  81 $35,058.73 3/3/21 78 $194000
4/3/96 95320 299 05 1.00 9433034 Escalon $60,000.
37 10/3/96 18.00 06 293 1 $328,000.


CA 7.25 2 206920000433035 28950 Wagon  91 $65,979.73 3/16/21 90 $337500
4/16/96 91301 299 03 3.25 9433035 Agoura Area $67,500.
44 10/16/96 18.00 00 293 1 $450,000.






CA 11. 2 106920000433042 1217 North Cedar  91 $67,225.64 3/8/21 90 $207000
4/8/96 91207 299 05 2.75 9433042 Glendale $68,400.
32 7/8/96 18.00 00 293 1 $306,000.

CA 12.5 2 206920000433043 7704 Corte  91 $37,545.57 4/19/11 89 $275731
4/5/96 92009 180 05 4.25 9433043 Carlsbad $50,000.
43 4/5/96 18.00 06 174 1 $370,000.


CO 11. 2 208910000433045 11408 E Colorado 91 $21,904.68 3/11/21 90 $127500
4/11/96 80012 299 05 2.75 9433045 Aurora $25,000.
45 7/11/96 18.00 02 293 1 $170,000.

CA 11. 2 106920000433046 216 Gisela DR 91 $25,066.62 2/20/21 90 $127830
3/20/96 94589 299 05 2.75 9433046 American Canyon $25,500.
45 9/20/96 18.00 00 292 1 $170,450.



<PAGE>
CA 8.75 2 106910000433047 1967 Deermont  81 $42,153.49 3/3/21 60 $207000
4/3/96 91207 299 05 0.50 9433047 Glendale $43,000.
34 7/3/96 18.00 00 293 1 $420,000.

NY 9.25 2 236910000433048 5 Quince Lane 81 $98,778.24 3/18/21 80 $138000
4/18/96 10901 299 05 1.00 9433048 Suffren $100,000.
34 7/18/96 18.00 06 293 1 $300,000.


CA 10.75 2 106920000433049 10854 Hillside  91 $38,977.97 2/18/21 90 $352000
3/18/96 91737 299 03 2.50 9433049 Rancho  $40,000.
30 9/18/96 18.00 06 292 1 $440,000.

CA 11. 2 106920000433050 439 Neal Street 91 $59,769.23 2/28/21 89 $488000
3/28/96 94566 299 05 2.75 9433050 Pleasanton $61,000.
42 9/28/96 18.00 06 293 1 $620,000.


UT 12. 2 149930000433051 730 N 535 E 91 $25,018.45 4/16/11 95 $98391
4/16/96 84062 180 05 3.75 9433051 Pleasant Grove $25,100.
42 0 18.00 02 174 1 $130,000.

CA 7.25 2 106920000433052 1186 San Rafael  91 $23,038.06 3/9/21 90 $146792
4/9/96 94954 299 05 2.75 9433052 Petaluma $24,000.
45 10/9/96 18.00 06 293 1 $190,000.


NY 9.25 2 236910000433053 30 Oak Street 81 $187,747.66 3/18/21 63 $179390
4/18/96 11696 299 05 1.00 9433053 Woodmere $195,000.
35 7/18/96 18.00 02 293 1 $600,000.






OR 7.25 2 141920000433054 563 Southwest  91 $20,263.15 3/8/21 90 $77000
4/8/96 97338 299 05 2.75 9433054 Dallas $21,100.
31 10/8/96 18.00 06 293 1 $109,000.

CA 7.25 2 106920000433055 725 Burma RD 91 $32,582.26 3/11/21 90 $165000
4/11/96 92028 299 05 2.75 9433055 Fallbrook $33,000.
44 10/11/96 18.00 00 293 1 $220,000.



<PAGE>
CO 12.5 2 208930000433057 6840 Galapago  91 $61,983.61 3/12/11 95 $44000
4/12/96 80221 179 05 4.25 9433057 Denver $62,400.
50 7/12/96 18.00 02 173 1 $112,000.

UT 10.5 2 249920000433060 1412 South 550  91 $61,987.03 4/25/21 88 $57908
4/25/96 84037 300 05 2.25 9433060 Kaysville $62,800.
45 7/25/96 18.00 06 294 1 $138,000.


GA 9.75 2 113910000433062 4935 Stablegate  81 $78,793.11 4/14/21 73 $420000
4/15/96 30130 299 05 1.50 9433062 Cumming $80,000.
39 7/15/96 18.00 01 294 1 $690,000.

WA 11.75 2 253930000433063 31638 117th  91 $22,081.11 4/8/11 95 $130964
4/8/96 98092 180 05 3.50 9433063 Auburn $25,700.
28 0 18.00 02 174 1 $165,000.


CA 11.5 2 106930000433065 3119 Estampida 92 $40,869.65 3/16/11 100 $232231
4/16/96 92673 179 03 3.25 9433065 San Clemente $43,500.
41 4/16/96 18.00 01 173 1 $276,000.

FL 7.25 2 112930000433067 2325 W 60th Ave 91 $11,400. 3/16/11 95 $42750
4/16/96 33016 179 01 3.75 9433067 Hialeah $11,400.
32 10/16/96 18.00 06 173 1 $57,000.


CA 7.25 2 106920000433068 435 Hazel Brake 91 $21,033.78 3/3/21 90 $106500
4/3/96 95006 299 05 3.75 9433068 Boulder Creek $21,300.
45 10/3/96 18.00 01 293 1 $142,000.

CA 11.25 2 106930000433069 1270 Kilaga  92 $34,443.57 3/26/11 100 $145479
3/26/96 95648 180 05 3.00 9433069 Lincoln $34,500.
29 4/26/96 18.00 03 173 1 $180,000.


CA 7.25 2 106920000433070 2720 Sinclair  91 $12,327.13 3/10/21 90 $63750
4/10/96 94519 299 05 2.75 9433070 Concord $12,700.
40 10/10/96 18.00 00 293 1 $85,000.







<PAGE>
CA 12. 2 106930000433073 3914 Altamont  91 $12,095.42 3/28/11 95 $141950
3/28/96 94605 180 05 3.75 9433073 Oakland $16,500.
46 6/28/96 18.00 06 173 1 $167,000.

MD 11. 2 124920000433074 6609 Teal Loop 91 $24,862.1 3/29/21 88 $126750
3/29/96 21701 300 05 2.75 9433074 Frederick $25,300.
46 6/29/96 18.00 00 293 1 $174,000.


CA 11. 2 106920000433076 46 Austen Way 91 $19,861.55 3/29/21 90 $101250
3/29/96 94553 300 05 2.75 9433076 Martinez $20,000.
41 6/29/96 18.00 02 293 1 $135,000.

CA 9.25 2 106910000433079 565 Sandydale  81 $50,114.33 3/28/21 76 $116000
3/28/96 93444 300 05 1.00 9433079 Nipomo $50,000.
50 6/28/96 18.00 06 293 1 $220,000.


CA 11.5 2 206910000433082 21 Fairlane RD 91 $54,109.56 4/10/21 90 $328000
4/10/96 92677 300 05 3.25 9433082 Laguna Niguel $54,500.
32 7/10/96 18.00 06 294 1 $425,000.

CA 12.5 2 106930000433084 6861 Aerie Road 92 $74,024.29 3/2/11 100 $270252
4/2/96 95726 179 05 4.25 9433084 Pollock Pines $74,300.
49 4/2/96 18.00 02 173 1 $345,000.


CA 12. 2 106930000433085 48 Asher Avenue 92 $30,125.62 3/5/11 100 $305000
4/5/96 95030 179 05 3.75 9433085 Los Gatos $50,000.
45 4/5/96 18.00 06 173 1 $355,000.

CA 11.5 2 106920000433089 1059 West 254th  91 $32,507.4 2/28/21 89 $84268
3/28/96 90710 299 05 3.25 9433089 Harbor City $33,000.
50 6/28/96 18.00 06 293 1 $132,000.


CA 11.5 2 106920000433090 7750 Geyser AVE 91 $59,917.52 3/4/21 90 $480000
4/4/96 91335 299 05 3.25 9433090 Reseda $60,000.
34 6/4/96 18.00 00 293 1 $600,000.

CO 11.5 2 208920000433091 8936 West  91 $41,943.87 3/10/21 81 $73000
4/10/96 80123 299 05 3.25 9433091 Littleton $42,000.
46 4/10/96 18.00 02 293 1 $142,000.



<PAGE>
CA 10.75 2 106920000433092 11861 Nebraska  91 $39,237.35 2/26/21 90 $198750
3/26/96 90025 299 01 2.50 9433092 Los Angeles $39,700.
22 9/26/96 18.00 00 292 1 $265,000.






CA 7.25 2 106920000433093 4757 Winona  91 $24,248.59 3/8/21 90 $127350
4/8/96 92115 299 05 3.25 9433093 San Diego $25,000.
40 10/8/96 18.00 06 293 1 $170,000.

CA 11. 2 106920000433094 1530 Granite  91 $19,894.49 2/26/21 90 $75000
3/26/96 92109 299 01 2.75 9433094 El Cajon $20,300.
45 9/26/96 18.00 06 292 1 $106,000.


WA 11. 2 253920000433095 19702 81st PL W 91 $25,771.38 3/12/21 90 $109000
4/12/96 98026 299 05 2.75 9433095 Edmonds $26,000.
42 7/17/96 18.00 02 293 1 $150,000.

OR 7.25 2 141910000433096 905 Hughes Street 81 $34,207.86 3/8/11 74 $36300
4/8/96 97402 179 05 1.00 9433096 Eugene $35,000.
37 10/8/96 18.00 06 173 1 $97,000.


OR 7.25 2 141920000433098 4698 Lisa Street  91 $27,090.15 3/4/21 90 $83000
4/4/96 97305 299 05 2.50 9433098 Salem $27,700.
24 10/4/96 18.00 06 293 1 $123,000.

CA 11.5 2 106990000433099 19  91 $30,976. 4/22/21 90 $250400
4/22/96 94065 300 03 3.25 9433099 Redwood City $31,300.
49 7/22/96 18.00 00 294 1 $313,000.


OR 7.25 2 141920000433100 2815 Northeast  91 $69,814.34 3/4/21 90 $168300
4/4/96 97212 299 05 3.25 9433100 Portland $72,000.
38 10/4/96 18.00 00 293 1 $267,000.

CA 12.5 2 206910000433101 1217 Blossom  91 $49,039.83 4/15/21 94 $355372
4/15/96 94550 300 05 4.25 9433101 Livermore $50,000.
49 7/15/96 18.00 06 294 1 $435,000.



<PAGE>
UT 11.5 2 249920000433102 1302 South 875  91 $12,529.06 4/25/21 87 $82300
4/25/96 84087 300 05 3.25 9433102 Woods Cross $22,000.
31 7/25/96 18.00 03 294 1 $120,000.

CA 10.5 2 106990000433103 155 Camino De  91 $23,569.53 4/17/21 90 $260000
4/17/96 94960 300 05 2.25 9433103 San Anselmo $30,700.
44 7/17/96 18.00 06 294 1 $325,000.


CA 10.5 2 106910000433104 3619-21 22nd ST 91 $28,277.99 4/22/21 87 $374400
4/22/96 94114 300 05 2.25 9433104 SAN   $28,600.
28 7/22/96 18.00 00 294 1 $468,000.






CA 10.5 2 206910000433106 27039 Grayslake  91 $35,174.45 4/12/21 90 $284000
4/12/96 90275 300 05 2.25 9433106 Rancho Palos  $35,500.
45 7/12/96 18.00 00 294 1 $355,000.

CA 12.5 2 206930000433108 700 El Toro Drive 92 $21,500. 5/1/11 100 $61491
4/16/96 93304 180 05 4.25 9433108 Bakersfield $21,500.
50 5/31/96 18.00 02 175 1 $83,000.


CA 7.25 2 106930000433110 14154 Hartsook  91 $27,057.92 3/17/21 90 $265000
4/17/96 91423 299 05 2.25 9433110 Los Angeles $34,600.
34 10/17/96 18.00 06 293 1 $335,000.

CT 9.25 2 209910000433113 417 Main Street 81 $28,681.33 4/1/21 67 $139791
5/2/96 06877 298 05 1.00 9433113 Ridgefield $50,000.
34 8/30/96 18.00 03 294 1 $284,000.


CA 12.25 2 106990000433114 301 Wright AVE 91 $49,303.87 5/1/11 95 $264000
5/1/96 95037 180 05 4.00 9433114 Morgan Hill $49,500.
42 8/1/96 18.00 00 175 1 $330,000.

CA 11.5 2 206930000433115 27491 Paseo  91 $49,886.96 3/4/11 98 $203979
4/4/96 92675 179 01 3.25 9433115 San Juan  $50,000.
44 4/4/96 18.00 06 173 1 $260,000.



<PAGE>
CA 7.25 2 106920000433118 3023-25  91 $64,489.27 5/1/21 90 $524000
4/23/96 94123 300 05 2.75 9433118 San Francisco $65,500.
32 10/23/96 18.00 00 295 1 $655,000.

CA 11. 2 106920000433120 12823 Duffield  91 $20,762.07 3/22/21 90 $105000
4/22/96 90638 299 05 2.75 9433120 La Mirada $21,000.
32 7/22/96 18.00 03 293 1 $140,000.


NJ 12. 2 134930000433122 47 Rowe Street 91 $19,979.71 3/26/11 95 $108000
4/26/96 07003 179 05 3.75 9433122 Bloomfield $20,200.
45 7/26/96 18.00 06 173 1 $135,000.

CA 10.5 2 106920000433124 14111 Enfield  91 $38,426.76 5/1/21 90 $193500
5/2/96 92683 299 05 2.25 9433124 Westminster $38,700.
42 8/2/96 18.00 00 295 1 $258,000.


NJ 9.25 2 134910000433127 64 Robertsville  81 $27,566.49 3/23/21 80 $193495
4/23/96 07746 299 05 1.00 9433127 Marlboro $58,500.
33 7/23/96 18.00 06 293 1 $315,000.






OR 7.25 2 141910000433129 39695 Ridge  81 $34,481.03 3/11/21 80 $75000
4/11/96 97374 299 05 1.00 9433129 Scio $35,000.
42 10/11/96 18.00 06 293 1 $137,500.

ID 7.25 2 116930000433130 15594 Chaparrel  91 $25,582.67 3/16/11 95 $110675
4/16/96 83605 179 05 3.75 9433130 Caldwell $26,100.
33 10/16/96 18.00 06 173 1 $144,000.


OR 7.25 2 141920000433131 24892 West  91 $30,476.9 3/15/21 90 $85621
4/15/96 97437 299 05 2.25 9433131 Elmira $31,200.
44 10/15/96 18.00 06 293 1 $130,000.

CA 12. 2 206910000433133 1703 Clovis  91 $48,449.46 3/1/11 95 $207000
4/1/96 95124 179 05 3.75 9433133 San Jose $50,000.
43 7/1/96 18.00 02 173 1 $271,000.



<PAGE>
CA 10.5 2 106920000433134 16692 Orange DR 91 $37,016.58 4/4/11 89 $206200
4/4/96 92686 180 05 2.25 9433134 Yorba Linda $37,300.
36 7/1/96 18.00 06 174 1 $275,000.

CA 9.25 2 106910000433135 256 Golden Hind  81 $14,666.64 4/1/11 50 $94337
4/1/96 94925 180 05 1.00 9433135 Corte Madera $50,000.
41 7/1/96 18.00 06 174 1 $290,000.


UT 7.25 2 149920000433136 2305 E Regency  91 $84,528.68 3/19/21 90 $431250
4/19/96 84403 299 05 2.75 9433136 Ogden $86,250.
34 10/19/96 18.00 06 293 1 $575,000.

UT 11. 2 149920000433137 791 East 3225  91 $7,762.54 4/19/21 89 $135900
4/19/96 84414 300 05 2.75 9433137 North Ogden $15,000.
19 7/19/96 18.00 00 294 1 $170,000.


CA 11.5 2 106920000433139 762 Canyon  91 $24,591.62 2/28/21 90 $200000
3/28/96 91107 299 05 3.25 9433139 Pasadena $25,000.
49 9/28/96 18.00 06 293 1 $250,000.

CA 7.25 1 106910000433140 169 Beverly  81 $36,321.91 3/3/21 15 $0
4/3/96 94577 299 05 2.75 9433140 San Leandro $36,750.
39 10/3/96 18.00 00 293 1 $245,000.


CO 10.25 2 208920000433141 20392 E 43rd  91 $24,169.06 3/19/21 89 $91978
4/19/96 80249 299 05 2.00 9433141 Denver $43,000.
23 7/19/96 18.00 02 293 1 $152,000.






CA 10.75 2 106920000433142 31667  91 $40,028.09 2/22/21 90 $324000
3/22/96 92003 299 05 2.50 9433142 Bonsall $40,500.
22 9/22/96 18.00 06 292 1 $405,000.

CA 10.5 2 206920000433150 2010 North  91 $13,639.69 3/5/21 87 $188500
4/5/96 92706 299 05 2.25 9433150 Santa Ana $20,000.
31 7/5/96 18.00 01 293 1 $240,000.



<PAGE>
CA 10.5 2 206920000433153 224 Bridgewater  91 $24,510.94 3/11/21 90 $123750
4/11/96 94585 299 05 2.25 9433153 Suisun City $24,750.
35 7/11/96 18.00 02 293 1 $165,000.

CO 9.25 2 208910000433155 2835 South  81 $8,861.14 3/12/21 76 $77069
4/12/96 80236 299 05 1.00 9433155 Denver $10,000.
50 7/12/96 18.00 06 293 1 $115,000.


CA 10.5 2 206920000433158 4800 Nob Hill  91 $45,239.37 3/3/21 88 $91000
4/3/96 90065 299 05 2.25 9433158 Los Angeles $50,000.
39 7/3/96 18.00 01 293 1 $162,000.

CA 11. 2 206920000433160 1181 W Mesa DR 91 $5,667.96 3/12/21 90 $78750
4/12/96 92376 299 05 2.75 9433160 Rialto $15,000.
40 7/12/96 18.00 06 293 1 $105,000.


CO 9.25 2 208910000433161 1116 South  81 $43,563.72 3/11/21 46 $15644
4/11/96 80232 299 05 1.00 9433161 Lakewood $50,000.
36 7/11/96 18.00 00 293 1 $145,000.

CA 9.25 2 206910000433162 330 N Reese PL 81 $13,930.36 3/16/21 76 $177517
4/16/96 91506 299 05 1.00 9433162 Burbank $20,000.
43 7/16/96 18.00 06 293 1 $260,000.


CO 11. 2 208920000433167 7342 Windsor  91 $99,303.67 3/11/21 87 $176646
4/11/96 80301 299 05 2.75 9433167 Boulder $100,000.
36 7/11/96 18.00 01 293 1 $320,000.

MD 7.25 1 224910000433169 4844 Chevy  81 $15,781.25 4/22/21 14 $0
4/16/96 20815 300 01 0.75 9433169 Chevy Chase $25,000.
28 10/16/96 18.00 06 294 1 $186,000.


CA 10.5 2 106930000433174 99 Shore DR 91 $39,431.05 3/29/21 90 $199500
3/29/96 94566 300 03 2.25 9433174 Pleasanton $39,900.
22 9/29/96 18.00 01 293 1 $266,000.







<PAGE>
CA 11. 2 106920000433175 4182 Descanso  91 $25,922.98 3/24/21 90 $131250
4/24/96 91709 299 05 2.75 9433175 Chino Hills $26,250.
43 7/24/96 18.00 06 293 1 $175,000.

CA 11. 2 106920000433179 20 Redding Way 91 $25,308.7 4/10/21 88 $215000
4/10/96 94901 300 05 2.75 9433179 San Rafael $25,500.
45 7/10/96 18.00 06 294 1 $275,000.


CA 7.25 2 106910000433180 4908 LAGUNA  81 $23,983.96 4/11/21 74 $165000
4/11/96 95758 300 05 0.50 9433180 Elk Grove $25,000.
39 10/11/96 18.00 03 294 1 $260,000.

CA 11.5 2 206930000433182 4539 Deerfield  91 $26,962.48 4/11/11 98 $184339
4/11/96 94509 180 05 3.25 9433182 Antioch $27,000.
44 0 18.00 06 174 1 $217,000.


CA 7.25 2 106910000433183 2126 S King Road 81 $49,206.08 5/1/11 56 $27347
4/25/96 95122 180 05 1.00 9433183 San Jose $50,000.
37 10/25/96 18.00 03 175 1 $140,000.

NV 11.5 2 232930000433185 3320 Canyon  92 $33,102.24 3/27/11 100 $118486
4/27/96 89117 179 05 3.25 9433185 Las Vegas $41,500.
38 4/27/96 18.00 03 173 1 $160,000.


OR 10.25 2 141920000433186 36578 South  91 $23,100. 3/26/21 89 $101250
4/26/96 ****** 299 05 2.00 9433186 Molalla $25,000.
26 7/26/96 18.00 03 293 1 $142,000.

OR 8.75 2 141910000433188 13760 Se  81 $20,193.3 3/26/21 78 $158857
4/26/96 97015 299 05 0.50 9433188 Clackamas $20,500.
33 7/26/96 18.00 03 293 1 $230,000.


CA 11.5 2 106920000433190 10302 Wembley  91 $24,214.73 3/25/21 88 $159715
4/25/96 92683 299 05 3.25 9433190 Westminster $24,500.
33 7/25/96 18.00 06 293 1 $210,000.

ID 12. 2 116930000433193 1802 Meadow ST 91 $11,750. 4/17/11 95 $86717
4/17/96 83854 180 05 3.75 9433193 Post Falls $11,800.
44 5/31/96 18.00 06 174 1 $104,000.



<PAGE>
CO 11.5 2 208910000433194 5142 Dillon ST 92 $30,932.71 3/19/11 100 $64000
4/19/96 80239 179 05 3.25 9433194 Denver $31,000.
39 0 18.00 06 173 1 $95,000.






CA 11. 2 106920000433204 140 Santa Ana  91 $31,595. 3/15/21 87 $368000
4/15/96 93035 299 05 2.75 9433204 Oxnard Area $32,000.
45 7/15/96 18.00 00 293 1 $460,000.

CA 7.25 2 106920000433214 1167 Sheffield PL 81 $17,220.73 3/5/11 80 $161524
4/5/96 91360 179 05 1.00 9433214 Thousand Oaks $22,200.
43 10/4/96 18.00 02 173 1 $230,000.


CA 7.25 2 106910000433217 3250 Edith Street 81 $70,076.25 3/4/21 80 $511000
4/4/96 90064 299 05 1.00 9433217 Los Angeles $73,000.
32 10/3/96 18.00 06 293 1 $730,000.

CA 11. 2 106920000433219 1783 N Sumner  91 $652.43 2/28/21 88 $480000
3/29/96 91711 298 05 2.75 9433219 Claremont $43,000.
48 6/28/96 18.00 01 293 1 $600,000.


GA 11. 2 113920000433226 2224 Tamassee  91 $39,647.03 4/14/21 88 $121735
4/15/96 30338 299 05 2.75 9433226 Atlanta $40,000.
50 7/15/96 18.00 06 294 1 $185,000.

CA 12. 2 106930000433228 29021 Silverado  91 $49,370.79 2/28/21 91 $194185
3/30/96 92676 298 05 3.75 9433228 Silverado $50,000.
39 0 18.00 02 293 1 $269,000.


CO 9.25 2 208910000433229 330 Jack Boot  91 $34,728.31 2/27/21 82 $132386
3/27/96 80132 299 05 1.00 9433229 Monument $35,000.
48 6/27/96 18.00 02 292 1 $205,000.

MA 7.25 2 225920000433232 11 Pleasant Street 91 $5,524.28 4/16/21 88 $199000
4/16/96 01803 300 05 2.00 9433232 Burlington $20,000.
30 10/17/96 18.00 06 294 1 $250,000.



<PAGE>
CA 8.75 2 106910000433234 2546 Wildhorse  81 $26,067.34 4/1/21 77 $207000
4/1/96 94583 300 03 0.50 9433234 San Ramon $27,500.
40 7/1/96 18.00 02 294 1 $305,000.

FL 11. 1 212920000433238 720 Washington  91 $38,576.71 4/18/21 88 $0
4/18/96 33139 300 08 2.75 9433238 Miami Beach $38,700.
50 7/18/96 18.00 00 294 1 $44,000.


FL 11.5 2 112930000433239 801 Virginia  92 $16,880.12 4/10/11 100 $51000
4/10/96 34698 180 05 3.25 9433239 Dunedin $19,000.
44 4/10/96 18.00 02 174 1 $70,000.






GA 11. 2 113920000433240 2267 Pine  91 $21,113.35 4/14/11 89 $130850
4/15/96 30062 179 03 2.75 9433240 Marietta $24,350.
37 7/15/96 18.00 00 174 1 $175,000.

CA 10.5 2 106920000433241 3202 Dogleg  91 $32,951.26 4/8/21 90 $268000
4/8/96 95682 300 03 2.25 9433241 Cameron Park $33,500.
44 7/8/96 18.00 01 294 1 $335,000.


CA 10.5 2 106920000433242 2792 Arlington  91 $33,786.09 4/8/21 90 $172500
4/8/96 94555 300 05 2.25 9433242 Fremont $34,500.
45 7/8/96 18.00 01 294 1 $230,000.

GA 9. 2 113910000433243 4731 East Forest  81 $33,969.22 4/14/11 80 $207000
4/15/96 30066 179 05 0.75 9433243 Marietta $57,000.
30 7/15/96 18.00 06 174 1 $332,000.


CA 7.25 2 206930000433244 2854 East  91 $49,286.96 3/22/11 95 $280000
4/22/96 91362 179 05 4.00 9433244 Thousand Oaks $50,000.
39 10/22/96 18.00 00 173 1 $350,000.

CA 11. 2 106910000433247 91 GRUNION CT 91 $16,767.76 3/9/21 90 $304000
4/9/96 94404 299 05 2.75 9433247 Foster City $38,000.
27 7/9/96 18.00 06 293 1 $380,000.



<PAGE>
CO 8.5 2 208910000433248 13561 West  81 $10,092.62 3/15/21 80 $138890
4/15/96 80228 299 03 0.25 9433248 Lakewood $29,000.
30 7/15/96 18.00 06 293 1 $212,000.

CO 10.25 2 208920000433250 6885 President  91 $14,830.88 3/19/21 90 $54051
4/19/96 80911 299 05 2.00 9433250 Colorado Springs $26,500.
22 7/19/96 18.00 06 293 1 $90,000.


CA 7.25 2 106920000433252 3847 Castle View  91 $18,587.43 3/5/21 90 $605600
4/5/96 91301 299 03 2.75 9433252 Agoura Area $75,000.
29 10/4/96 18.00 06 293 1 $757,000.

CO 8.75 2 208910000433254 1436 S Troy  81 $11,851.1 3/17/21 80 $82415
4/17/96 80012 299 03 0.50 9433254 Aurora $15,000.
34 7/17/96 18.00 06 293 1 $122,000.


CO 8.75 2 208910000433259 5091 South  81 $24,638.69 3/16/21 80 $115854
4/16/96 80111 299 05 0.50 9433259 Englewood $35,000.
41 7/16/96 18.00 06 293 1 $190,000.






CO 10.5 2 208910000433263 1430 E Mineral  91 $14,464.18 3/17/21 88 $135286
4/17/96 80122 299 05 2.25 9433263 Littleton $27,000.
43 7/17/96 18.00 06 293 1 $185,000.

UT 10.5 2 149920000433264 372 West 970  91 $42,499.27 4/22/21 90 $100000
4/22/96 84720 300 05 2.25 9433264 Cedar City $43,000.
42 7/22/96 18.00 02 294 1 $160,000.


CO 11.5 2 208920000433265 15429 E BERLIN  91 $26,227.54 3/19/21 89 $48506
4/19/96 80013 299 05 3.25 9433265 Aurora $26,500.
55 7/19/96 18.00 02 293 1 $85,000.

MD 10. 2 124920000433266 7834 Old  91 $14,511.88 1/28/21 85 $139000
2/29/96 21043 298 07 2.00 9433266 Ellicott City $15,000.
31 5/29/96 18.00 01 291 1 $182,000.



<PAGE>
GA 11. 2 113920000433267 2460 Wild Iris  91 $35,605.02 4/18/21 90 $180100
4/19/96 30211 299 03 2.75 9433267 Dacula $36,000.
17 7/19/96 18.00 00 294 1 $242,000.

CA 11. 2 106920000433268 2856 Joshua Tree  91 $25,205.67 4/17/21 90 $127450
4/17/96 91761 300 05 2.75 9433268 Ontario $25,450.
44 7/17/96 18.00 00 294 1 $169,990.


CA 11. 2 106920000433269 9868 Wexford  91 $94,987.91 3/5/21 90 $759050
4/5/96 95746 299 03 2.75 9433269 Granite Bay $95,500.
15 7/5/96 18.00 06 293 1 $950,000.

CO 9.25 2 208920000433270 850 Hangman RD 91 $5,468.33 3/19/21 81 $171981
4/19/96 80421 299 05 1.00 9433270 Bailey $25,000.
35 4/19/96 18.00 06 293 1 $246,000.


CA 10.5 2 106920000433271 956 De Soto LN 91 $33,704.45 3/8/21 90 $270400
4/8/96 94404 299 09 2.25 9433271 Foster City $33,800.
43 7/8/96 18.00 00 293 1 $338,000.

CO 7.25 2 208920000433273 2712 Michener  91 $9,780.69 3/29/21 90 $154686
4/29/96 80526 299 05 2.00 9433273 Fort Collins $14,500.
30 10/29/96 18.00 02 293 1 $188,000.


CA 11. 2 106920000433274 871 Portola Drive 91 $32,360.51 3/29/21 90 $165000
3/29/96 93940 300 05 2.75 9433274 Del Rey Oaks $33,000.
38 6/29/96 18.00 06 293 1 $220,000.






CA 10.5 2 106920000433275 6759 North  91 $16,727.08 4/12/21 90 $131353
4/12/96 93711 300 05 2.25 9433275 Fresno $17,000.
41 7/12/96 18.00 06 294 1 $165,000.

CA 11. 2 106920000433276 3520 Montclair  91 $17,507.12 3/29/11 84 $133400
3/29/96 95682 180 05 2.75 9433276 Cameron Park $17,800.
37 6/29/96 18.00 00 173 1 $182,000.



<PAGE>
NC 12.5 2 137930000433278 5831 Ferguson  92 $67,994.52 4/10/11 100 $112000
4/10/96 27316 180 05 4.25 9433278 Ramseur $68,000.
44 4/10/96 1600.00 06 174 1 $180,000.

CA 10.5 2 106910000433280 5 Covington 81 $13,451.88 4/16/21 80 $203200
4/16/96 92692 300 03 2.25 9433280 Mission Viejo $13,592.
44 7/16/96 18.00 00 294 1 $270,990.


GA 11. 2 113920000433281 1205 Wood  91 $23,819.72 4/10/21 88 $81000
4/10/96 30130 300 05 2.75 9433281 Cumming $24,000.
45 7/10/96 18.00 02 294 1 $120,000.

CA 10.5 2 106910000433284 2617 Teal Lane 91 $14,899.14 4/3/11 83 $112500
4/3/96 94587 180 01 2.25 9433284 Union City $15,000.
44 7/3/96 18.00 00 174 1 $155,000.


CO 7.25 2 208920000433287 2037 Vineyard  91 $32,037.38 5/1/21 84 $84882
4/23/96 80104 300 05 3.75 9433287 Castle Rock $42,400.
50 10/23/96 18.00 06 295 1 $153,000.

CA 11. 2 206920000433289 29216 Mira Vista 91 $27,907.21 3/4/11 88 $280000
3/4/96 92677 180 05 2.75 9433289 Laguna Niguel $28,000.
32 6/4/96 18.00 02 173 1 $350,000.


GA 9.25 2 206910000433293 240 E Creek CIR 81 $9,684.63 3/19/21 78 $78000
4/19/96 30075 299 05 1.00 9433293 Roswell $15,000.
43 7/19/96 18.00 06 293 1 $120,000.

CO 9. 2 208910000433295 29135 Summit  81 $6,178.85 3/19/21 41 $72000
4/19/96 80401 299 05 0.75 9433295 Golden $200,000.
24 7/19/96 18.00 06 293 1 $675,000.


CO 7.25 2 208930000433297 8434 Garland 91 $27,165.96 5/23/11 95 $128000
5/23/96 80005 180 05 3.75 9433297 Arvada $28,000.
31 11/23/96 18.00 01 175 1 $165,000.







<PAGE>
CA 10.5 2 106920000433298 124 Saybrook  91 $39,575.69 4/5/21 90 $162000
4/5/96 95687 300 05 2.25 9433298 Vacaville $40,000.
43 7/5/96 18.00 02 294 1 $225,000.

CA 11. 2 106920000433299 8434-8436  91 $18,111.44 4/3/21 86 $66732
4/3/96 95209 300 05 2.75 9433299 Stockton $18,500.
33 7/3/96 18.00 02 294 1 $100,000.


CA 8.75 2 106910000433303 17862 Caballo 81 $49,506.77 4/12/21 74 $206500
4/12/96 92686 300 05 0.50 9433303 Yorba Linda $50,000.
40 7/1/96 18.00 06 294 1 $350,000.

CO 12. 2 212930000433304 13841 W Dakota  91 $49,551.15 3/18/11 95 $195000
4/18/96 80228 179 05 3.75 9433304 Lakewood $50,000.
38 7/18/96 18.00 02 173 1 $260,000.


CA 7.25 2 106920000433309 2879 Fieldview  91 $59,918.57 3/29/11 90 $420000
4/29/96 94583 179 05 3.75 9433309 San Ramon $61,500.
50 10/29/96 18.00 06 173 1 $535,000.

AZ 7.25 2 504930000433311 2915 E Cerrada  81 $19,871.06 3/1/21 80 $135900
4/12/96 85718 298 05 0.25 9433311 Tucson $48,100.
26 10/12/96 18.00 06 293 1 $230,000.


NJ 10.25 2 134920000433315 319 Conklintown  91 $15,655.97 3/29/21 90 $128000
4/29/96 07456 299 05 2.00 9433315 Ringwood $16,000.
28 7/29/96 18.00 06 293 1 $160,000.

CA 12. 2 206930000433317 161 Anita Drive 91 $29,617.21 3/15/11 94 $225575
4/15/96 91105 179 05 3.75 9433317 Pasadena $40,000.
36 7/15/96 18.00 01 173 1 $285,000.


CA 11.5 2 206920000433318 1131 Cornucopia  91 $29,760.26 3/9/11 90 $153000
4/9/96 95376 179 05 3.25 9433318 Tracy $30,000.
38 7/9/96 18.00 02 173 1 $204,000.

NY 7.25 2 236920000433319 14 Barkley Lane 91 $37,398.5 3/29/21 87 $126066
4/29/96 11767 299 05 2.75 9433319 Nesconset $38,000.
43 10/29/96 18.00 02 293 1 $190,000.



<PAGE>
OR 11.5 2 141920000433322 16650 Lake  91 $14,989.84 3/18/11 95 $122000
4/18/96 97035 179 05 3.25 9433322 Lake Oswego $15,000.
38 0 18.00 03 173 1 $145,000.






CO 12. 2 208930000433325 3530 Ivy ST 91 $12,998.22 3/24/21 94 $72250
4/24/96 80207 299 05 3.75 9433325 Denver $13,250.
22 7/24/96 18.00 02 293 1 $91,000.

CA 10.5 2 106920000433326 3 Skylark DR 91 $33,473.64 5/27/21 90 $174600
3/27/96 92656 302 05 2.25 9433326 Aliso Viejo Area $34,900.
37 6/27/96 18.00 00 295 1 $232,912.


OR 12.5 2 141930000433327 7261 Se 54th  91 $12,248.8 3/24/11 95 $70520
4/24/96 97206 179 05 4.25 9433327 Portland $16,400.
50 7/24/96 18.00 03 173 1 $91,500.

OR 8.5 2 141910000433329 4391 Se Hill Road 81 $16,976.55 3/26/21 80 $99980
4/26/96 97267 299 05 0.25 9433329 Milwaukie $28,000.
29 7/26/96 18.00 03 293 1 $160,000.


CA 8.75 2 106910000433330 31 Los Cedros  81 $48,867.07 5/1/11 65 $159084
4/11/96 94947 180 05 0.50 9433330 Novato $50,000.
39 7/11/96 18.00 01 175 1 $325,000.

ID 11.5 2 116930000433332 87 East 100 South 92 $25,374.37 3/8/11 100 $84600
4/8/96 83318 179 05 3.25 9433332 Burley $25,400.
25 4/8/96 18.00 02 173 1 $110,000.


CA 10.25 2 206920000433339 1006 Hillside  91 $23,344.25 4/17/21 90 $150000
4/17/96 94080 300 05 2.00 9433339 South San  $30,000.
16 7/17/96 18.00 06 294 1 $200,000.

CA 11. 2 206920000433340 1017 Via Fortuna 91 $63,041.54 4/10/21 90 $512000
4/10/96 90274 300 05 2.75 9433340 Palos Verdes  $64,000.
36 7/10/96 18.00 00 294 1 $640,000.



<PAGE>
CA 9.25 2 106910000433341 204 Hall Drive 81 $31,806.37 4/22/21 80 $285000
4/22/96 94563 300 05 0.25 9433341 Orinda $95,000.
28 7/22/96 18.00 06 294 1 $475,000.

CA 7.25 2 206920000433342 22903 Long  91 $30,285.68 4/18/21 90 $244800
4/18/96 95014 300 09 3.25 9433342 Cupertino $30,600.
46 10/18/96 18.00 06 294 1 $306,000.


CA 10.25 2 206910000433343 1815 Marineview  91 $18,762.25 4/16/21 85 $268000
4/16/96 94577 300 05 2.00 9433343 San Leandro $20,000.
29 7/16/96 18.00 00 294 1 $340,000.






VA 7.25 2 251920000433344 1102 Mountain  91 $9,416.1 4/16/11 89 $480000
4/16/96 22066 180 05 2.25 9433344 Great Falls $50,000.
36 10/16/96 18.00 06 174 1 $600,000.

CA 10.5 2 206920000433345 2847 Sandhurst  91 $33,408.78 4/4/21 90 $268000
4/4/96 91362 300 03 2.25 9433345 Thousand Oaks $33,500.
39 7/4/96 18.00 06 294 1 $335,000.


MA 10.5 2 225920000433347 50 Worcester  91 $29,563.46 5/1/21 87 $155000
5/1/96 01907 300 05 2.25 9433347 Swampscott $30,000.
42 8/1/96 18.00 06 295 1 $215,000.

CA 10.5 2 106920000433348 4156 Dover CIR 91 $40,077.79 4/15/21 90 $207000
4/15/96 90630 300 05 2.25 9433348 Cypress $40,500.
44 7/15/96 18.00 06 294 1 $275,000.


CA 11.5 2 106930000433349 17343 Park Crest  91 $23,797.21 5/1/11 95 $207050
4/16/96 91709 180 05 3.25 9433349 Chino Hills $24,000.
42 7/16/96 18.00 00 175 1 $244,000.

MI 10.5 2 106990000433353 46 Spring Lake  91 $43,656.92 6/1/21 90 $306500
5/8/96 48371 300 01 2.25 9433353 Oxford $44,000.
45 8/8/96 18.00 06 296 1 $389,500.



<PAGE>
CA 11. 2 106920000433354 6581 Sunnyslope  91 $19,764.11 4/24/21 86 $312000
4/24/96 94552 300 05 2.75 9433354 Castro Valley $20,000.
44 7/24/96 18.00 06 294 1 $390,000.

CA 7.25 2 106990000433358 4048 Sumac Drive 91 $53,031.27 6/6/11 95 $284000
6/6/96 91403 180 05 3.75 9433358 Los Angeles  $53,250.
40 12/6/96 18.00 00 176 1 $355,000.


CA 8.75 2 106910000433360 9612 La Posada  81 $21,345.28 5/1/21 79 $203000
4/15/96 95361 300 05 0.50 9433360 Oakdale $22,000.
44 7/15/96 18.00 00 295 1 $285,000.

NV 7.25 2 232920000433361 7985 Jogging  91 $11,508.82 3/3/21 86 $108000
4/3/96 89113 299 05 2.75 9433361 Las Vegas $20,200.
38 10/3/96 18.00 06 293 1 $150,000.


CA 12.75 2 106990000433363 2320 Canyon  92 $89,949.13 5/8/11 100 $255000
5/8/96 94583 180 03 4.50 9433363 San Ramon $90,000.
49 0 18.00 06 175 1 $345,000.






MD 9.25 2 124910000433364 108 Hesketh  81 $15,185.96 4/16/21 57 $260000
4/16/96 20815 300 05 1.00 9433364 Chevy Chase $20,000.
42 7/16/96 18.00 06 294 1 $493,500.

CA 11. 2 106920000433365 5820  91 $47,441.12 4/19/21 90 $231000
4/19/96 91301 300 05 2.75 9433365 Agoura Hills $48,000.
25 7/19/96 18.00 06 294 1 $310,000.


KY 11.5 2 121920000433366 154 Poplar Ridge  91 $15,883.14 5/1/21 83 $80938
4/10/96 41001 300 05 3.25 9433366 Alexandria $16,000.
46 7/10/96 18.00 01 295 1 $117,000.

MN 8.75 2 127910000433367 8620 Parell  81 $16,318.48 5/1/21 47 $40000
4/11/96 55330 300 05 0.50 9433367 Ostego $16,500.
31 7/11/96 18.00 01 295 1 $121,000.



<PAGE>
CA 10.5 2 106920000433368 2350 Grandview  91 $19,838.79 3/8/21 86 $141750
4/8/96 93010 299 05 2.25 9433368 Camarillo $20,000.
33 7/8/96 18.00 01 293 1 $189,000.

ID 7.25 2 116920000433372 9059 Northview  91 $19,074.06 3/8/21 90 $79698
4/8/96 83644 299 05 2.75 9433372 Middleton $19,300.
45 10/8/96 18.00 02 293 1 $110,000.


CA 7.25 2 106930000433373 6128 Braemar CT 91 $64,027.56 3/9/21 84 $518800
4/9/96 91301 299 03 2.75 9433373 Agoura Hills $64,800.
45 10/8/96 18.00 00 293 1 $700,000.

CA 11. 2 106920000433374 160 Revere  91 $22,440.94 5/1/21 90 $114000
4/16/96 94544 300 05 2.75 9433374 Hayward $22,800.
45 7/16/96 18.00 01 295 1 $152,000.


MD 12. 2 124930000433375 8502 Lynwood  91 $50,000. 4/10/11 91 $359390
4/10/96 20815 180 05 3.75 9433375 Chevy Chase $50,000.
38 5/31/96 18.00 06 174 1 $452,500.

FL 7.25 2 112910000433376 665 East 9th Court 80 $50,000. 4/24/11 76 $22507
4/19/96 33010 180 05 0.50 9433376 Hialeah $50,000.
37 10/19/96 18.00 03 174 1 $96,000.


CA 7.25 2 206920000433381 1200 Brickyard  91 $27,871.62 4/8/21 90 $141000
4/3/96 94801 300 01 2.75 9433381 Richmond $28,200.
44 10/3/96 18.00 01 294 1 $188,000.






CA 11.5 2 106920000433383 9221 Los Puentes  91 $56,682.23 3/3/21 90 $464000
4/3/96 95658 299 05 3.25 9433383 Newcastle $58,000.
48 4/3/96 18.00 03 293 1 $580,000.

CO 12.5 2 208930000433384 11193 West  91 $30,144.55 4/10/21 95 $132914
5/11/96 80127 298 05 3.75 9433384 Littleton $37,000.
44 5/11/96 18.00 02 294 1 $179,000.



<PAGE>
FL 12. 2 112930000433386 3953 16th Ave N 91 $11,699.86 5/1/11 95 $80000
4/17/96 33713 180 05 3.75 9433386 St.petersburg $15,000.
18 7/17/96 18.00 01 175 1 $100,000.

MD 7.25 2 224920000433390 18624 Clovercrest 91 $40,423.69 4/24/21 90 $116466
4/19/96 20832 300 09 2.75 9433390 Olney $41,000.
50 10/19/96 18.00 02 294 1 $175,000.


CA 7.25 2 106990000433393 3828 Amesbury  91 $68,062.77 4/8/21 90 $317421
5/8/96 90027 299 05 2.75 9433393 Los Angeles $99,000.
43 11/8/96 18.00 03 294 1 $463,000.

CA 9. 2 106910000433394 4323  81 $49,366.28 5/1/21 79 $59534
4/17/96 92501 300 05 0.75 9433394 Riverside $50,000.
26 7/17/96 18.00 00 295 1 $140,000.


CA 12. 2 106990000433397 4026 EL CORAL  91 $42,000. 4/16/11 95 $224000
4/16/96 95118 180 05 3.75 9433397 SAN JOSE $42,000.
45 5/31/96 18.00 01 174 1 $280,000.

CA 7.25 2 106990000433398 128 Cypress Loop 91 $58,896.45 4/3/11 90 $255000
5/3/96 94923 179 03 2.75 9433398 Bodega Bay $60,000.
44 11/3/96 18.00 06 174 1 $350,000.


FL 7.25 2 112920000433399 1517 Windmill  91 $19,700.93 3/30/11 88 $65247
4/20/96 34685 179 05 2.75 9433399 Palm Harbor $20,000.
44 10/30/96 18.00 03 174 1 $97,000.

CA 10.25 2 106920000433400 2211 LOCH LN 91 $29,674.87 5/1/21 89 $288924
4/16/96 94598 300 05 2.00 9433400 Walnut Creek $30,000.
23 7/16/96 18.00 06 295 1 $360,000.


CA 11. 2 106920000433402 19368 East  91 $39,667.68 3/26/21 90 $197187
4/26/96 91748 299 05 2.75 9433402 Rowland Heights $55,000.
45 7/26/96 18.00 06 293 1 $281,000.







<PAGE>
NY 8.75 1 136910000433403 2754 Beatrice  81 $14,115.55 3/9/21 9 $0
4/9/96 11710 299 05 0.50 9433403 North Bellmore $20,000.
25 7/9/96 18.00 06 293 1 $240,000.

UT 9.25 2 149910000433404 1198 West  81 $18,233.18 3/30/21 80 $63952
4/30/96 84123 299 05 1.00 9433404 Salt Lake City $19,200.
34 7/30/96 18.00 03 294 1 $104,000.


CO 7.25 2 208910000433405 685 Hanna Street 81 $14,240. 4/1/21 78 $43652
5/1/96 80521 299 05 0.50 9433405 Fort Collins $40,000.
41 11/1/96 18.00 02 294 1 $108,500.

CA 9.25 2 106910000433408 5435 Lone Pine  81 $29,200.62 5/6/21 80 $202832
5/6/96 95472 300 05 1.00 9433408 Sebastopol $30,000.
38 8/6/96 18.00 06 295 1 $292,000.


CT 9.25 2 209910000433409 189 Farms Road 81 $6,025.25 4/3/11 52 $285000
5/3/96 06903 179 05 1.00 9433409 Stamford $50,000.
40 8/1/96 18.00 06 174 1 $650,000.

DC 10.25 2 111920000433411 1313 28th Street  91 $46,051.67 4/5/21 89 $452000
4/5/96 20007 300 07 2.00 9433411 Washington $50,000.
48 7/5/96 18.00 06 294 1 $565,000.


FL 12. 2 112930000433412 240 Lotus DR 91 $25,867.42 5/1/11 95 $90593
4/15/96 34695 180 05 3.75 9433412 Safety Harbor $26,200.
39 7/15/96 18.00 06 175 1 $123,000.

CA 7.25 2 106910000433413 51 Del Mar AVE 81 $9,715.6 4/15/21 80 $206000
4/15/96 94708 300 05 0.50 9433413 Berkeley $10,000.
32 10/15/96 18.00 00 294 1 $270,000.


WA 9.75 2 153990000433415 1850 State Route  81 $49,396.39 5/19/11 74 $207000
6/19/96 98901 179 05 1.50 9433415 Yakima $50,000.
39 9/19/96 18.00 06 175 1 $352,000.

MI 12. 2 226910000433423 952 Robbins 91 $9,975.8 5/1/11 96 $47200
5/1/96 48001 180 05 3.75 9433423 Algonac $10,000.
26 6/30/96 18.00 06 175 1 $60,000.



<PAGE>
MD 10.25 2 124920000433437 13769  91 $15,923.22 2/8/21 87 $200000
3/8/96 20850 299 03 2.00 9433437 Rockville $16,000.
33 6/8/96 18.00 06 292 1 $250,000.






FL 7.25 2 212920000433438 210 Cadiz Court 91 $37,074.94 5/1/21 90 $141617
4/29/96 32953 300 05 3.25 9433438 Merritt Island $38,000.
43 10/26/96 18.00 06 295 1 $200,000.

MI 7.25 2 226920000433439 45473 Margate  91 $23,907.78 4/19/21 85 $79927
4/19/96 48044 300 05 2.00 9433439 Macomb Twp $24,000.
14 10/19/96 18.00 06 294 1 $123,000.


NY 9.75 1 236910000433442 39 Stropkov Court 81 $86,126.71 3/26/21 75 $0
4/26/96 10950 299 05 1.50 9433442 Monroe $131,200.
20 7/26/96 18.00 06 293 1 $175,000.

CA 7.25 2 206920000433443 19208  91 $49,136.16 4/30/21 89 $279000
4/25/96 95695 300 05 2.75 9433443 Woodland $50,000.
47 10/25/96 18.00 06 295 1 $372,000.


FL 7.25 2 212910000433444 4925 Orduna  81 $29,915.35 4/30/21 67 $432000
4/25/96 33146 300 05 0.50 9433444 Miami $50,000.
37 10/25/96 18.00 06 295 1 $720,000.

CA 11. 2 106920000433445 11 Tidewater 91 $53,270.09 3/30/21 90 $207000
4/30/96 92714 299 05 2.75 9433445 Irvine $54,000.
45 7/30/96 18.00 06 294 1 $290,000.


VA 11. 2 151920000433447 6572 Flagmaker  91 $23,503.08 4/2/21 90 $192000
4/2/96 22042 300 07 2.75 9433447 Falls Church $24,000.
50 7/3/96 18.00 06 294 1 $240,000.

NJ 8.5 2 134910000433448 11 Statesboro  81 $19,731.25 4/2/21 61 $122044
5/2/96 07728 299 05 0.25 9433448 Howell Township $50,000.
24 8/2/96 18.00 06 294 1 $285,000.



<PAGE>
MA 8.5 2 225910000433449 19 Foss Road 81 $15,628.09 3/8/21 63 $113000
4/8/96 01845 299 05 0.25 9433449 North Andover $50,000.
30 7/8/96 18.00 06 293 1 $262,000.

FL 7.25 2 112930000433451 1514 N Victoria  91 $19,439.32 3/20/11 92 $78774
4/20/96 33304 179 05 3.50 9433451 Ft Lauderdale $26,700.
24 10/20/96 18.00 01 173 1 $115,000.


MD 11.5 2 124920000433452 106 Tulip Avenue 91 $33,650.32 5/1/11 90 $272000
4/1/96 20912 181 05 3.25 9433452 Takoma Park $34,000.
41 7/1/96 18.00 06 175 1 $340,000.






CO 8.5 2 208910000433455 255 River Road 81 $18,488.8 3/16/21 80 $105577
4/16/96 80487 299 05 0.25 9433455 Steamboat Springs $40,000.
31 7/16/96 18.00 06 293 1 $182,000.

MA 8.75 2 225910000433457 1319 High Street 81 $24,927.61 5/3/21 68 $207000
5/3/96 02090 300 05 0.50 9433457 Westwood $43,000.
45 8/3/96 18.00 06 295 1 $371,000.


MA 10.75 2 125910000433458 30 Laurel Drive 91 $26,798.42 3/2/21 90 $409600
4/2/96 01773 299 05 2.50 9433458 Lincoln $51,200.
43 7/2/96 18.00 00 293 1 $515,000.

CO 10.5 2 108920000433466 9683 W Tufts  91 $17,406.29 3/25/21 90 $88500
3/25/96 80123 300 05 2.25 9433466 Littleton $17,500.
42 6/25/96 18.00 06 293 1 $118,000.


CA 11. 2 106920000433468 23120 Guidotti  91 $35,625.43 4/16/21 90 $287900
4/16/96 93908 300 05 2.75 9433468 Salinas $35,950.
47 7/16/96 18.00 00 294 1 $360,000.

CO 7.25 2 208910000433469 1710 Linden  81 $48,640.51 4/3/21 55 $230236
5/3/96 80524 299 05 1.25 9433469 Fort Collins $50,000.
44 11/3/96 18.00 01 294 1 $512,000.



<PAGE>
MA 10.75 2 125920000433471 18 Prospect Street 91 $44,114.86 3/5/21 90 $364000
4/5/96 01890 299 05 2.50 9433471 Winchester $45,500.
28 7/5/96 18.00 06 293 1 $455,000.

CO 8.5 2 208910000433476 6295 West  81 $34,353.26 3/19/21 80 $171913
4/19/96 80227 299 05 0.25 9433476 Lakewood $50,000.
22 7/19/96 18.00 06 293 1 $280,000.


CA 10.5 2 106920000433477 1711 Earl Avenue 91 $39,344.05 3/17/21 90 $198750
4/17/96 94066 299 05 2.25 9433477 San Bruno $39,750.
42 7/17/96 18.00 06 293 1 $265,000.

CA 10.5 2 106920000433478 106 Tivoli Lane 91 $42,754.11 3/18/21 90 $207000
4/18/96 94506 299 09 2.25 9433478 Danville $43,200.
42 7/18/96 18.00 06 293 1 $278,000.


CO 11. 2 208920000433480 7901 West  91 $11,876.89 3/22/21 90 $76744
4/22/96 80123 299 01 2.75 9433480 Littleton $14,000.
39 7/22/96 18.00 02 293 1 $101,000.






CO 12. 2 208930000433481 12166 West  91 $24,749.6 3/22/11 95 $107350
4/22/96 80465 179 05 3.75 9433481 Morrison $25,000.
42 7/22/96 18.00 06 173 1 $140,000.

MI 7.25 2 226910000433482 3956 Columbia  81 $77,664.6 5/3/21 69 $365000
5/3/96 48302 300 05 1.50 9433482 Bloomfield Hills $100,000.
45 11/3/96 18.00 06 295 1 $675,000.


NJ 11.5 2 134920000433484 341 Weart Avenue 91 $11,755.97 4/3/21 87 $110718
5/3/96 07071 299 05 3.25 9433484 Lyndhurst $20,000.
50 8/3/96 18.00 02 294 1 $150,500.

FL 11.5 2 112910000433488 4155 Sw 107  91 $12,638.57 3/10/21 85 $92958
4/10/96 33165 299 05 3.25 9433488 Miami $15,000.
50 7/10/96 18.00 01 293 1 $128,000.



<PAGE>
UT 12. 2 249930000433489 688 North Wall  91 $20,105.71 5/8/11 95 $120000
5/8/96 84103 180 05 3.75 9433489 Salt Lake City $32,000.
31 8/8/96 18.00 06 175 1 $160,000.

CO 10.5 2 208920000433495 3020 York Street 91 $14,032.32 3/22/21 90 $70038
4/22/96 80205 299 05 2.25 9433495 Denver $15,000.
37 7/22/96 18.00 01 293 1 $95,000.


VA 11. 2 151920000433497 1267 New  91 $69,827.52 4/18/21 87 $486102
4/18/96 22094 300 05 2.75 9433497 Reston $90,000.
25 7/18/96 18.00 06 294 1 $665,000.

VA 11. 2 151920000433498 1144 Round  91 $69,823.82 4/18/21 89 $482894
4/18/96 22094 300 05 2.75 9433498 Reston $90,000.
32 7/18/96 18.00 06 294 1 $645,000.


CA 9.25 2 106910000433499 1823 Old Ranch  81 $99,038.77 3/12/21 80 $1100000
4/12/96 90049 299 05 1.00 9433499 Los Angeles $100,000.
38 7/12/96 18.00 00 293 1 $1,500,000.

CA 7.25 2 106920000433505 10441 Dunleer  90 $83,697.6 4/1/11 90 $420750
5/1/96 90064 179 05 3.25 9433505 Los Angeles $84,100.
34 11/1/96 18.00 06 174 1 $561,000.


IL 11.5 2 217920000433508 508 Beach  91 $74,242.08 4/18/21 88 $80128
4/18/96 60526 300 05 3.25 9433508 Lagrange Park $75,000.
44 7/31/96 18.00 06 294 1 $177,000.






CA 11. 2 106920000433510 1681 Loma Roja 91 $66,936.12 3/18/21 90 $337500
4/18/96 92705 299 05 2.75 9433510 Santa Ana Area $67,500.
33 7/18/96 18.00 01 293 1 $450,000.

CA 12.5 2 106930000433512 232 Morada 91 $22,305.3 3/17/11 93 $350000
4/17/96 93105 179 05 4.25 9433512 Santa Barbara $36,500.
49 7/17/96 18.00 03 173 1 $420,000.



<PAGE>
FL 7.25 2 112910000433514 201 Galen Dr  81 $40,433.35 3/25/21 73 $20000
4/25/96 33149 299 01 0.25 9433514 Key Biscayne $50,000.
30 10/25/96 18.00 02 293 1 $96,000.

GA 10.25 2 113920000433517 1832 Bakers Mill  91 $36,412.29 4/25/11 88 $188600
4/26/96 30211 179 03 2.00 9433517 Dacula $37,750.
26 7/26/96 18.00 06 174 1 $257,500.


GA 11.25 2 113920000433518 1036-a  91 $22,904.97 4/25/21 89 $117900
4/26/96 30306 299 03 3.00 9433518 Atlanta $23,550.
22 7/26/96 18.00 06 294 1 $160,000.

GA 11. 2 113920000433519 412 Dockside  91 $16,709.36 4/21/21 90 $105500
4/22/96 30189 299 05 2.75 9433519 Woodstock $16,900.
40 7/22/96 18.00 06 294 1 $136,000.


MA 8.75 2 225910000433520 8 Mill Road 81 $20,060.57 5/6/21 72 $178046
5/6/96 01451 300 05 0.50 9433520 Harvard $50,000.
37 8/6/96 18.00 06 295 1 $320,000.

UT 11. 2 249920000433521 1372 North  91 $55,713.89 5/2/21 90 $90113
5/2/96 84014 300 05 2.75 9433521 Centerville $56,500.
40 8/2/96 18.00 06 295 1 $163,000.


CO 7.25 2 208920000433522 1145 A Milo  91 $5,947.81 4/1/21 89 $49129
4/24/96 80026 299 09 2.25 9433522 Lafayette $30,000.
32 10/24/96 18.00 06 294 1 $88,900.

WA 11. 2 153920000433523 7430 215th Street  91 $22,200. 5/1/11 89 $121000
5/1/96 98026 180 05 2.75 9433523 Edmonds $24,600.
44 8/1/96 18.00 03 175 1 $164,000.


CA 8.75 1 206910000433528 1115 Eureka  81 $12,053.73 3/23/21 60 $0
4/23/96 93305 299 05 0.50 9433528 Bakersfield $38,500.
38 7/23/96 18.00 06 293 1 $65,000.







<PAGE>
NJ 8.5 2 134910000433531 7 Running Brook  81 $9,750.94 4/6/21 54 $84669
5/6/96 08520 299 05 0.25 9433531 Millstone $20,000.
28 8/6/96 18.00 02 294 1 $195,000.

NY 10.25 2 236920000433536 511 Beach 139th  91 $26,582.56 4/9/21 77 $220000
5/9/96 11694 299 05 2.00 9433536 Belle Harbor $27,500.
24 8/9/96 18.00 00 294 1 $325,000.


NY 11.25 2 236920000433537 142 Beach 144th  91 $79,238.01 4/9/21 88 $650000
5/9/96 11694 299 05 3.00 9433537 Neponsit $81,250.
18 8/9/96 18.00 00 294 1 $840,000.

MI 7.25 2 226920000433541 2281 Pinecrest 91 $15,461.14 5/6/11 89 $86250
5/6/96 48220 180 05 3.00 9433541 Ferndale $16,100.
25 11/6/96 18.00 06 175 1 $115,000.


MA 11. 2 225920000433543 208 Appleton  91 $44,964.79 3/19/21 90 $360000
4/19/96 02138 299 01 2.75 9433543 Cambridge $45,000.
43 7/19/96 18.00 06 293 1 $450,000.

NY 7.25 2 236910000433547 635 Phelps Road 81 $48,992.2 4/17/21 75 $107328
5/17/96 14472 299 05 1.00 9433547 Honeoye Falls $50,000.
43 11/17/96 18.00 06 294 1 $210,000.


MI 7.25 2 226920000433548 2282 Estate Drive 91 $9,676.7 5/9/11 89 $135500
5/9/96 48357 180 05 3.25 9433548 Highland $20,000.
37 11/9/96 18.00 06 175 1 $175,000.

NY 8.75 2 136910000433552 1176 East 223rd  81 $20,582.33 3/23/21 48 $21500
4/23/96 10466 299 07 0.50 9433552 Bronx $50,000.
23 7/29/96 18.00 06 293 1 $150,000.


NC 6.99 2 137920000433556 18724 Greyton  91 $68,924.83 3/26/21 87 $207000
4/26/96 28036 299 03 2.75 9433556 Davidson $70,000.
32 7/26/96 1600.00 06 293 1 $320,000.

GA 10.25 2 113920000433560 3784 Vermont  91 $46,794.14 4/29/21 90 $379350
4/30/96 30319 299 05 2.00 9433560 Atlanta $47,420.
37 7/30/96 18.00 06 294 1 $475,000.



<PAGE>
CA 11. 2 206920000433565 2335 Bluebell  91 $28,104.4 3/25/21 90 $142500
4/25/96 94550 299 05 2.75 9433565 Livermore $28,500.
45 7/25/96 18.00 06 293 1 $190,000.






IL 7.25 2 217920000433570 1430 North Astor 91 $24,242.83 5/13/21 88 $189000
5/8/96 60610 300 01 3.25 9433570 Chicago $25,000.
44 11/8/96 18.00 06 295 1 $244,000.

NJ 9.25 2 134910000433576 28 Natalie Drive 81 $63,200.97 4/22/21 75 $130000
4/22/96 07006 300 05 1.00 9433576 West Caldwell $87,500.
36 7/22/96 18.00 01 294 1 $290,000.


MN 7.25 2 227930000433578 5543 Judy Lane 91 $21,152.76 5/8/11 94 $57353
5/8/96 55430 180 05 3.25 9433578 Brooklyn Center $22,000.
42 11/8/96 18.00 06 175 1 $85,000.

NJ 8.75 2 134910000433579 116 Ravine Lake  81 $6,089.74 4/10/21 40 $650000
4/10/96 07924 300 05 0.50 9433579 Bernardsville $20,000.
26 7/10/96 18.00 06 294 1 $1,700,000.


GA 9.25 2 213910000433583 4689 Dunwoody  81 $49,229.69 3/24/21 76 $170000
4/24/96 30350 299 05 1.00 9433583 Dunwoody $50,000.
44 7/24/96 18.00 06 293 1 $290,000.

CO 11. 2 208920000433584 16245 Cathys  91 $10,406.96 4/9/21 90 $92350
5/9/96 80831 299 05 2.75 9433584 Peyton $21,000.
49 8/8/96 18.00 06 294 1 $126,000.


CO 10.5 2 208920000433585 901 Teller Lane 91 $11,259.7 4/8/21 89 $105000
5/8/96 80863 299 05 2.25 9433585 Woodland Park $18,500.
39 8/7/96 18.00 06 294 1 $140,000.

CA 10.5 2 106920000433586 3902 Coral Place 91 $60,233.28 3/16/21 90 $483600
4/16/96 91302 299 03 2.25 9433586 Calabasas $60,450.
37 7/16/96 18.00 01 293 1 $605,000.



<PAGE>
NY 7.25 2 236910000433587 855 Carroll Street 81 $83,444.37 5/9/21 76 $515893
5/9/96 11215 300 05 1.00 9433587 Brooklyn $85,000.
45 11/9/96 18.00 06 295 1 $795,000.

IL 7.25 2 217910000433588 3307 North  81 $34,621.5 5/13/21 80 $320000
5/8/96 60657 300 05 1.50 9433588 Chicago $36,800.
12 11/8/96 18.00 06 295 1 $446,000.


GA 11.5 2 113920000433591 6464 Whispering  91 $13,292.72 4/26/21 89 $120400
4/26/96 30328 300 05 3.25 9433591 Atlanta $13,500.
35 9/1/96 18.00 06 294 1 $151,000.






NM 10.5 2 235920000433592 385 Pyrite Drive 91 $18,397.59 3/26/21 88 $67931
4/26/96 87124 299 05 2.25 9433592 Rio Rancho $25,000.
26 7/26/96 18.00 03 293 1 $106,000.

CA 11. 2 206920000433594 26942 Golf  91 $11,037.24 4/2/21 90 $171000
5/2/96 92352 299 05 2.75 9433594 Lake Arrowhead $37,800.
41 8/2/96 18.00 06 294 1 $232,000.


VA 10.25 2 151920000433595 11501 Vale Road 91 $18,655.28 4/3/21 90 $243600
4/3/96 22124 300 05 2.00 9433595 Oakton $37,650.
25 7/3/96 18.00 06 294 1 $312,500.

CO 7.25 2 208910000433609 7235 Devinney  81 $21,652.76 6/1/21 80 $31514
5/6/96 80005 300 01 2.00 9433609 Arvada $22,050.
50 11/6/96 18.00 02 296 1 $67,000.


CO 10.25 2 208920000433611 2625 S Clarkson  91 $16,543.2 3/24/21 90 $118538
4/24/96 80210 299 05 2.00 9433611 Denver $17,000.
28 7/24/96 18.00 06 293 1 $151,000.

FL 11.25 2 112920000433612 5242 Nw 117  91 $8,955.08 3/19/21 90 $119450
4/19/96 33076 299 03 3.00 9433612 Coral Springs $19,000.
22 7/19/96 18.00 06 293 1 $154,000.



<PAGE>
CA 7.25 2 206920000433613 314 Magellan  91 $13,073.31 3/26/21 90 $191250
4/26/96 94044 299 05 3.00 9433613 Pacifica $38,250.
41 10/1/96 18.00 03 293 1 $255,000.

CO 8.75 2 208910000433614 15720 Sioux Road 81 $24,654.81 3/26/21 80 $80010
4/26/96 80470 299 05 0.50 9433614 Pine $36,000.
30 7/26/96 18.00 01 293 1 $146,000.


CA 10.5 2 106920000433615 2440 Oakes Lane 91 $44,177.93 3/23/21 90 $253500
4/23/96 93230 299 05 2.25 9433615 Hanford $50,000.
45 7/23/96 18.00 06 293 1 $338,000.

MI 7.25 2 226910000433618 10385 Rama  81 $15,310.9 5/10/21 78 $207000
5/10/96 48348 300 05 1.50 9433618 Clarkston $45,000.
51 11/10/96 18.00 06 295 1 $325,000.


CO 10.25 2 208920000433620 2446 Irving Street 91 $34,579.8 3/25/21 90 $106421
4/25/96 80211 299 05 2.00 9433620 Denver $38,000.
30 7/25/96 18.00 01 293 1 $161,000.






CA 7.25 2 206920000433622 555 Fig Avenue 91 $22,800.36 4/24/21 90 $117000
4/19/96 91910 300 05 2.00 9433622 Chula Vista $23,400.
28 10/19/96 18.00 02 294 1 $156,000.

CA 11. 2 106920000433626 9572 Erskine  91 $34,444.33 4/9/21 90 $177750
5/9/96 92646 299 05 2.75 9433626 Huntington Beach $35,550.
38 8/9/96 18.00 00 294 1 $237,000.


VA 7.25 2 251920000433631 6808 Huntsman  91 $29,680.76 5/1/21 90 $152000
4/26/96 22152 300 05 2.75 9433631 Springfield $32,500.
44 10/26/96 18.00 02 295 1 $205,000.

CA 7.25 2 206920000433633 705 Del Ganado  91 $42,034.4 5/1/21 90 $207000
4/29/96 94903 300 05 3.25 9433633 San Rafeal $42,700.
50 10/29/96 18.00 00 295 1 $278,000.



<PAGE>
GA 12. 2 213930000433634 5127 Deer Path  91 $31,661.31 3/23/21 95 $124000
4/23/96 30507 299 05 3.75 9433634 Gainesville $32,000.
43 7/22/96 18.00 02 293 1 $165,000.

UT 8.5 2 249910000433636 6791 South  81 $31,698.59 5/10/21 80 $63680
5/10/96 84084 300 05 0.25 9433636 West Jordan $38,700.
22 8/10/96 18.00 02 295 1 $128,000.


NM 11.5 2 135920000433637 500 Jackson  91 $40,916.74 4/19/21 90 $77600
4/19/96 87108 300 05 3.25 9433637 Albuquerque $42,000.
49 7/19/96 18.00 02 294 1 $133,000.

CA 11. 2 106910000433638 1561 Los  91 $48,764.03 4/18/21 89 $194399
4/18/96 94559 300 05 2.75 9433638 Napa $50,000.
40 7/18/96 18.00 02 294 1 $275,000.


CA 10.5 2 106910000433639 333 Chadbourne  81 $163,251.45 3/19/21 80 $1155000
4/19/96 90049 299 05 2.25 9433639 Los Angeles $165,000.
42 7/19/96 18.00 00 293 1 $1,650,000.

CA 11. 2 106920000433642 17703 Penn  91 $30,183.83 4/18/21 90 $151500
4/18/96 95946 300 05 2.75 9433642 Penn Valley $30,300.
39 7/18/96 18.00 06 294 1 $202,000.


MD 11. 2 124920000433643 4400 Leland  91 $56,521.84 4/16/21 90 $300634
4/16/96 20815 300 05 2.75 9433643 Chevy Chase $58,000.
37 7/16/96 18.00 06 294 1 $400,000.






CA 11.5 2 206930000433644 12245 La Maida  91 $34,964.73 3/30/11 99 $347400
4/30/96 ****** 179 05 3.25 9433644 Valley Village  $35,000.
42 5/31/96 18.00 06 174 1 $389,000.

CA 9.25 2 206910000433646 320 Seawind  81 $14,763. 3/24/21 78 $107969
4/24/96 94590 299 05 1.00 9433646 Vallejo $20,000.
44 7/24/96 18.00 02 293 1 $166,000.



<PAGE>
MA 8.75 1 225910000433647 198 Washington  81 $25,358.38 3/22/21 22 $0
4/22/96 02026 299 05 0.50 9433647 Dedham $30,000.
42 7/22/96 18.00 02 293 1 $140,000.

CA 9.25 2 206910000433648 6927 La Presa  81 $34,614.67 3/26/21 69 $224225
4/26/96 90068 299 05 1.00 9433648 Los Angeles $50,000.
29 7/26/96 18.00 03 293 1 $400,000.


VT 9.25 2 250910000433650 1515 Hill Crest  81 $12,924.57 3/26/11 52 $207000
4/26/96 05841 179 05 1.00 9433650 Greensborough $13,000.
40 7/26/96 18.00 06 173 1 $424,000.

VA 7.25 2 151930000433668 8420 Camden  91 $34,877.5 5/1/21 90 $177350
4/25/96 22308 300 05 2.75 9433668 Alexandria $35,500.
37 10/26/96 18.00 06 295 1 $236,500.


CO 11.5 2 208930000433669 706 Cherry Lane 92 $19,296.68 3/25/11 100 $45500
4/25/96 81005 179 05 3.25 9433669 Pueblo $19,500.
44 4/25/96 18.00 06 173 1 $65,400.

CO 12. 2 208930000433670 7215 Walch Street 91 $14,817.06 3/24/11 92 $72741
4/24/96 80908 179 05 3.75 9433670 Colorado Springs $15,000.
49 7/24/96 18.00 06 173 1 $96,000.


CO 11.5 2 208920000433672 5710 Velvet Court 91 $19,199.79 3/8/21 87 $165609
4/8/96 80918 299 05 3.25 9433672 Colorado Springs $30,000.
37 6/8/96 18.00 06 293 1 $226,000.

FL 7.25 2 112920000433673 1134 SW 139th  91 $53,914.17 3/29/21 82 $79242
4/29/96 33184 299 05 2.75 9433673 Miami $55,000.
44 10/29/96 18.00 02 293 1 $165,000.


CO 7.25 2 208920000433675 2519 Cedarwood  91 $15,697.83 4/13/21 90 $127900
5/13/96 80526 299 03 2.75 9433675 Fort Collins $16,000.
34 11/13/96 18.00 03 294 1 $160,000.







<PAGE>
VA 7.25 2 151930000433677 3516 South  91 $39,133.74 5/1/21 90 $198750
4/25/96 22204 300 05 2.75 9433677 Arlington $39,750.
43 10/26/96 18.00 01 295 1 $265,000.

FL 7.25 2 112920000433679 199 Sw 77th  91 $18,737.38 4/1/21 82 $152000
5/1/96 33144 299 05 2.25 9433679 Miami $19,000.
27 11/1/96 18.00 06 294 1 $210,000.


MD 12. 2 124930000433688 1201 Devonshire  91 $9,913.48 4/22/11 95 $89250
4/22/96 20745 180 05 3.75 9433688 Oxon Hill $10,000.
46 5/27/96 18.00 06 174 1 $105,000.

NJ 8.75 2 134910000433689 5 Ward Witty  81 $29,386.01 4/6/21 47 $127734
5/6/96 07045 299 05 0.50 9433689 Montville $30,000.
43 8/6/96 18.00 06 294 1 $341,000.


UT 9.75 2 249910000433691 11349 South  81 $31,895.85 5/13/21 80 $69917
5/13/96 84094 300 05 1.50 9433691 Sandy $36,400.
36 8/13/96 18.00 03 295 1 $133,000.

CO 9.25 2 208910000433692 11273 Canary  81 $28,759.7 3/29/21 80 $153200
4/29/96 80134 299 05 1.00 9433692 Parker $42,000.
40 7/29/96 18.00 06 293 1 $245,000.


MA 10.5 2 225920000433694 46 Gardner Street 91 $4,583.73 4/3/21 86 $179000
5/3/96 01834 299 05 2.25 9433694 Groveland $30,000.
34 8/3/96 18.00 06 294 1 $245,000.

GA 11.5 2 213910000433697 405 Watermill  91 $24,675.17 2/1/21 91 $201600
3/29/96 30174 298 05 3.25 9433697 Suwanee $25,000.
25 6/1/96 18.00 00 292 1 $250,000.


PA 7.25 2 142920000433701 2107 Carol Lane 91 $27,749.14 3/11/21 90 $135156
4/11/96 19401 299 05 2.75 9433701 Norristown $28,000.
40 10/11/96 18.00 01 293 1 $181,500.

GA 7.25 2 213920000433710 3998 Highway  91 $9,797.01 5/24/21 90 $80000
5/20/96 30281 300 05 2.25 9433710 Stockbridge $10,000.
34 11/20/96 18.00 06 295 1 $100,000.



<PAGE>
CA 11. 2 106920000433711 5452 Evelyn Way 91 $36,416.45 4/18/21 90 $186000
4/18/96 94550 300 05 2.75 9433711 Livermore $37,200.
42 7/18/96 18.00 01 294 1 $248,000.






PA 12. 2 142930000433712 3152 Woodridge  91 $14,056.12 3/18/11 95 $119472
4/18/96 17538 179 05 3.75 9433712 Landisville $14,100.
40 5/23/96 18.00 00 173 1 $140,900.

CA 9.25 2 106910000433721 8111 Skyline  81 $11,128.25 4/15/11 65 $136893
4/15/96 94611 180 05 1.00 9433721 Oakland $25,000.
50 7/15/96 18.00 01 174 1 $250,000.


VA 11. 2 151920000433722 5886 14th Street  91 $32,068.37 5/1/21 90 $260000
5/1/96 22205 300 05 2.75 9433722 Arlington $32,500.
46 8/1/96 18.00 01 295 1 $325,000.

CO 7.25 2 108920000433726 9510 Vance Court 90 $11,708.65 5/9/11 90 $224500
5/9/96 80021 180 05 2.75 9433726 Broomfield $18,500.
49 11/9/96 18.00 06 175 1 $270,000.


MI 7.25 2 226910000433727 7401 School Road 91 $13,169.74 5/13/11 90 $67500
5/13/96 48454 180 05 3.75 9433727 Melvin $13,500.
43 11/13/96 18.00 06 175 1 $90,000.

MD 7.25 2 124920000433728 6475 Patuxent  91 $10,300. 5/29/11 90 $82400
4/29/96 20637 181 05 2.75 9433728 Hughesville $10,300.
36 10/29/96 18.00 06 175 1 $103,000.


IL 12.25 2 217930000433737 3636 North  91 $25,026.49 5/20/11 95 $134400
5/14/96 60634 180 10 4.00 9433737 Chicago $25,200.
38 6/30/96 18.00 06 175 1 $168,000.

CA 10.5 2 106920000433740 11 Arbolado  91 $43,883.59 6/1/21 90 $220000
5/10/96 94598 300 05 2.25 9433740 Walnut Creek $50,000.
34 8/10/96 18.00 06 296 1 $300,000.



<PAGE>
CO 9.25 2 208910000433742 1202 Pitkin  81 $13,319.82 4/1/21 80 $94000
5/1/96 81601 299 05 1.00 9433742 Glenwood Springs $14,000.
42 7/1/96 18.00 02 294 1 $135,000.

GA 7.25 2 213920000433743 622 Club Lane 91 $85,867.55 5/8/21 90 $296679
5/3/96 30067 300 05 3.25 9433743 Marietta $90,000.
39 11/3/96 18.00 02 295 1 $430,000.


CA 11.5 2 106930000433744 7087 Shady Lane 92 $40,822.59 4/25/11 100 $152000
4/25/96 95667 180 05 3.25 9433744 Placerville $41,000.
47 4/25/96 18.00 03 174 1 $193,000.






CA 10.5 2 106920000433745 8801 Bader 91 $11,482.21 4/22/21 87 $184500
4/22/96 95624 300 05 2.25 9433745 Elk Grove $32,000.
38 7/22/96 18.00 02 294 1 $249,500.

NJ 10.75 2 134920000433762 300 West Saddle  91 $6,089.05 5/1/21 90 $243000
5/1/96 07458 300 05 2.50 9433762 Upper Saddle  $72,000.
28 8/1/96 18.00 06 295 1 $350,000.


CO 9.25 2 208910000433763 21689 Cabrini  81 $49,669.21 4/3/11 49 $96866
5/3/96 80401 179 05 1.00 9433763 Golden $50,000.
44 8/3/96 18.00 01 174 1 $300,000.

NY 9.25 2 136910000433765 5 Bayard Drive 81 $99,260.12 4/8/21 80 $170655
5/8/96 11746 299 05 1.00 9433765 Dix Hills $100,000.
42 8/8/96 18.00 02 294 1 $340,000.


CO 10.5 2 208920000433766 277 Greenway  91 $9,649.14 3/30/11 90 $104000
4/30/96 80020 179 03 2.25 9433766 Broomfield $22,000.
45 7/30/96 18.00 02 174 1 $140,000.

FL 7.25 2 112920000433767 1031 Rhapsody  91 $10,465.91 4/3/21 90 $70500
5/3/96 33411 299 05 2.25 9433767 Royal Palm Beach $14,000.
43 11/3/96 18.00 02 294 1 $94,000.



<PAGE>
MA 7.25 2 225920000433771 290 Park Street 91 $38,864.71 5/21/21 90 $94000
5/21/96 01864 300 05 3.25 9433771 North Reading $44,600.
50 11/21/96 18.00 06 295 1 $154,000.

CA 10.5 2 206920000433772 406 Vermont  91 $36,122.93 5/1/21 90 $183750
4/26/96 94038 300 05 2.25 9433772 Moss Beach $36,700.
43 7/26/96 18.00 00 295 1 $245,000.


MA 9.25 2 225910000433774 10 Ridgeway  81 $55,500. 5/21/21 66 $141000
5/21/96 01864 300 05 1.00 9433774 North Reading $100,000.
35 8/21/96 18.00 06 295 1 $370,000.

MA 7.25 1 225910000433775 13 Chestnut Street 81 $31,790.56 5/20/21 23 $0
5/20/96 01864 300 05 1.00 9433775 North Reading $35,000.
47 11/20/96 18.00 06 295 1 $157,000.


CO 10.5 2 208910000433776 1753 Hamilton  81 $9,811.8 5/15/21 80 $480000
5/15/96 80498 300 05 2.25 9433776 Silverthorne $10,000.
40 8/15/96 18.00 01 295 1 $615,000.






NJ 10.5 2 134920000433777 281 Park Street  91 $12,778.12 5/9/21 90 $28000
5/9/96 07601 300 08 2.25 9433777 Hackensack $13,000.
43 8/9/96 18.00 02 295 1 $46,000.

MI 7.25 2 226930000433778 30811 Chevoit  91 $36,416.47 5/16/11 89 $197038
5/16/96 48025 180 05 3.25 9433778 Franklin $37,000.
24 11/16/96 18.00 06 175 1 $264,000.


IL 7.25 2 217910000433780 1831 Southland 81 $14,709.66 5/22/21 78 $139056
5/17/96 60035 300 05 0.50 9433780 Highland Park $15,000.
34 11/17/96 18.00 03 295 1 $200,000.

CO 9.5 2 208910000433781 13964 59 10 Road 81 $21,705.7 5/16/21 68 $119000
5/16/96 81401 300 05 1.25 9433781 Montrose $50,000.
30 8/16/96 18.00 03 295 1 $250,000.



<PAGE>
MD 10.5 2 224920000433782 816 Applewood  91 $16,358.97 6/1/21 88 $86195
5/6/96 21601 300 05 2.25 9433782 Easton $18,000.
36 8/6/96 18.00 06 296 1 $119,000.

OR 10.75 2 141920000433787 20236 Ne  91 $29,780.2 4/25/21 90 $252000
4/25/96 97060 300 05 2.50 9433787 Troutdale $31,500.
38 7/25/96 18.00 00 294 1 $315,000.


CO 7.25 2 208910000433790 8382 South Mica  81 $26,680.13 5/17/21 80 $136500
5/17/96 80465 300 05 2.25 9433790 Morrison $27,300.
36 11/17/96 18.00 06 295 1 $205,000.

FL 7.25 2 112930000433791 15707 62nd Plane  91 $13,121.48 4/6/11 95 $93100
5/6/96 33470 179 05 3.75 9433791 Loxahatchee $13,300.
33 11/6/96 18.00 02 174 1 $112,000.


FL 7.25 2 112920000433792 125 W 38th Street 91 $22,735.14 4/7/21 90 $125000
5/7/96 33012 299 05 2.75 9433792 Hialeah $25,000.
40 11/7/96 18.00 01 294 1 $167,000.

CO 9.25 2 208910000433793 331 Holland Hills  81 $20,050.33 4/1/11 70 $61140
5/1/96 81621 179 01 1.00 9433793 Basalt $50,000.
33 7/1/96 18.00 01 174 1 $160,000.


CO 7.25 2 208920000433797 6161 East 74th  91 $19,767.27 5/17/21 89 $50830
5/17/96 80022 300 05 2.25 9433797 Commerce City $20,000.
33 11/17/96 18.00 06 295 1 $80,000.






GA 11.5 2 113930000433801 211 Treasure Way 92 $12,313.92 5/6/21 100 $73500
4/30/96 30188 300 05 3.25 9433801 Woodstock $12,500.
34 4/30/96 18.00 06 295 1 $86,000.

MA 10.5 2 225920000433802 4 Palleschi Drive 91 $19,916.59 4/10/21 83 $163785
5/10/96 01907 299 05 2.25 9433802 Swampscott $20,000.
43 8/10/96 18.00 01 294 1 $223,000.



<PAGE>
CA 10.25 2 106910000433811 2900 Keats Ave 81 $23,716.62 6/1/21 80 $207000
5/15/96 91360 300 05 2.00 9433811 Thousand Oaks $25,000.
44 8/15/96 18.00 06 296 1 $290,000.

ID 7.25 2 116910000433813 921 Forrest Bend  81 $17,503.59 3/23/21 80 $94000
4/23/96 83333 299 05 0.50 9433813 Hailey $18,600.
39 10/23/96 18.00 06 293 1 $142,000.


MI 7.25 2 226920000433816 3600 Briarbrooke  91 $21,366.26 5/18/11 90 $177600
5/18/96 48306 180 05 3.75 9433816 Oakland  $22,000.
47 11/18/96 18.00 06 175 1 $222,000.

MA 7.25 2 225910000433818 11 Newell Farm  80 $28,000. 5/22/11 73 $207000
5/22/96 01985 180 05 0.50 9433818 West Newbury $35,000.
40 11/22/96 18.00 06 175 1 $332,000.


CA 9.25 2 106910000433819 1050 Olympic  81 $7,898.35 4/24/21 58 $137000
4/24/96 93444 300 05 1.00 9433819 Nipomo $20,000.
44 7/24/96 18.00 06 294 1 $275,000.

CA 7.25 2 106920000433855 6382 West 79th  91 $45,299.58 3/25/21 90 $368000
4/25/96 90045 299 05 2.25 9433855 Los Angeles $46,000.
33 10/25/96 18.00 00 293 1 $460,000.


NY 11.5 2 236920000433856 8 Vannina Place 91 $97,903.11 6/29/21 86 $344000
5/23/96 11743 301 05 3.25 9433856 Huntington $100,000.
27 8/29/96 18.00 01 296 1 $520,000.

CA 12.5 2 106930000433859 332-334 East  91 $22,760.26 3/24/11 95 $120800
4/24/96 90011 179 05 4.25 9433859 Los Angeles $22,650.
45 7/24/96 18.00 06 173 1 $151,000.


CA 7.25 2 106910000433864 1615 Laguna  81 $10,953.93 3/12/11 53 $162000
4/12/96 93101 179 05 1.00 9433864 Santa Barbara $15,000.
44 10/11/96 18.00 06 173 1 $335,000.







<PAGE>
CA 7.25 2 206910000433868 1519 Aldercreek  81 $196,908.28 3/26/21 55 $207000
4/26/96 91362 299 03 1.00 9433868 Thousand Oaks $200,000.
17 10/26/96 18.00 00 293 1 $740,000.

CA 11.5 2 106930000433869 21072 Torrey  91 $30,868.6 3/22/11 95 $164800
4/22/96 92691 179 03 3.25 9433869 Mission Viejo $30,900.
39 4/22/96 18.00 06 173 1 $206,000.


CA 11. 2 106920000433871 4920 Myrtle Drive 91 $53,787.85 3/25/21 90 $207000
4/25/96 94521 299 05 2.75 9433871 Concord $54,000.
38 7/25/96 18.00 06 293 1 $290,000.

CA 7.25 2 106920000433872 41363 Charlita  91 $98,718.99 3/12/21 86 $442000
4/12/96 94538 299 05 3.75 9433872 Fremont $100,000.
47 10/12/96 18.00 06 293 1 $635,000.


CA 12. 2 106930000433873 4750 Del Loma  91 $31,728.57 3/5/11 94 $188545
4/5/96 95008 179 05 3.75 9433873 Campbell $32,000.
37 5/5/96 18.00 01 173 1 $236,000.

CA 7.25 2 106920000433877 1914 High Street 91 $27,306.14 3/19/21 90 $138750
4/19/96 94501 299 05 2.75 9433877 Alameda $27,750.
45 10/19/96 18.00 06 293 1 $185,000.


CO 8.5 2 208910000433879 6795 Olympus  81 $39,410.67 4/8/21 71 $116013
5/8/96 80439 299 05 0.25 9433879 Evergreen $50,000.
29 8/8/96 18.00 01 294 1 $234,000.

CA 7.25 2 106920000433881 937 Cornell Drive 91 $60,146.18 3/16/21 88 $207000
4/16/96 91504 299 05 3.25 9433881 Burbank $61,000.
46 10/16/96 18.00 06 293 1 $305,000.


OR 11. 2 141920000433882 4635 Coronation  91 $12,225.34 3/10/21 90 $62250
4/10/96 97301 299 05 2.75 9433882 Salem $12,400.
30 7/10/96 18.00 06 293 1 $83,000.

FL 7.25 2 112920000433883 6308 Caballero  91 $98,742.56 5/15/11 88 $577057
5/10/96 33146 180 05 3.75 9433883 Coral Gables $100,000.
47 11/10/96 18.00 02 175 1 $775,000.



<PAGE>
CA 7.25 2 106920000433884 30328 Meridien  91 $53,959.67 3/23/21 88 $207000
4/23/96 94587 299 03 2.75 9433884 Union City $55,000.
37 10/23/96 18.00 06 293 1 $300,000.






GA 9.75 2 113910000433885 7070 Riverside  81 $59,187.06 4/26/21 80 $207000
4/26/96 30328 300 05 1.50 9433885 Atlanta $60,000.
39 7/26/96 18.00 00 294 1 $335,000.

CA 7.25 2 106930000433887 406 Kelse Court 91 $24,189.22 3/23/21 91 $196000
4/23/96 95661 299 05 2.75 9433887 Roseville $25,000.
25 10/23/96 18.00 06 293 1 $245,000.


CA 10.5 2 106920000433888 2431 Laurel Pass 91 $15,517.11 3/17/21 86 $328000
4/17/96 90046 299 05 2.25 9433888 Los Angeles $16,000.
42 7/17/96 18.00 06 293 1 $400,000.

OR 12.5 2 141930000433890 4000 Mapleton  92 $31,676.86 3/19/11 100 $192889
4/19/96 97068 179 05 4.25 9433890 West Linn $32,000.
48 5/19/96 18.00 02 173 1 $225,000.


CA 7.25 2 106920000433892 325 Shockley  91 $61,362.94 3/24/21 89 $97309
4/24/96 95603 299 05 2.75 9433892 Auburn $62,300.
40 10/24/96 18.00 06 293 1 $181,000.

CA 11.5 2 106920000433895 651 Pebble Drive 91 $31,465.33 3/18/21 90 $123000
4/18/96 94803 299 05 3.25 9433895 El Sobrante $47,500.
46 7/18/96 18.00 06 293 1 $190,000.


MD 7.25 2 124920000433897 4306 Dover Drive 91 $26,868.49 4/25/21 90 $123500
4/25/96 21703 300 05 2.75 9433897 Frederick $27,700.
38 10/25/96 18.00 01 294 1 $168,000.

CA 8.75 2 106910000433898 4396 Mentone  81 $41,425.46 4/26/21 63 $125000
4/26/96 90232 300 05 0.50 9433898 Culver City $50,000.
43 7/26/96 18.00 06 294 1 $280,000.



<PAGE>
CA 7.25 2 106920000433899 660 Palmetto  91 $34,808.32 5/8/21 89 $187000
5/3/96 ****** 300 05 3.75 9433899 San Fransico $35,000.
40 11/3/96 18.00 02 295 1 $250,000.

CA 7.25 2 106930000433900 5025 Paseo  91 $37,809.52 3/26/11 95 $204800
4/26/96 93012 179 05 3.25 9433900 Camarillo $38,400.
38 10/26/96 18.00 00 173 1 $256,000.


CA 7.25 2 106920000433901 5714 Rotterdam  91 $45,811.28 3/15/21 90 $162000
4/15/96 95118 299 05 2.75 9433901 San Jose $47,700.
32 10/15/96 18.00 06 293 1 $233,000.






CA 11. 2 106920000433903 19110 El Cerrito  91 $27,196.63 4/30/21 87 $195000
4/30/96 95076 300 05 2.75 9433903 Watsonville $29,000.
47 7/30/96 18.00 00 295 1 $260,000.

CA 10.5 2 106920000433904 10655 Dixon  91 $31,205.7 4/23/21 90 $163500
4/23/96 95361 300 05 2.25 9433904 Oakdale $32,200.
45 7/23/96 18.00 01 294 1 $218,000.


CA 11. 2 106920000433908 818-820  91 $26,730. 3/10/21 90 $135000
4/10/96 90731 299 05 2.75 9433908 Rancho Palos  $27,000.
34 7/10/96 18.00 02 293 1 $180,000.

CA 7.25 2 106920000433914 12541 Cascade  91 $51,741.13 3/22/21 90 $420000
4/22/96 91344 299 05 2.75 9433914 Los Angeles $52,500.
28 10/22/96 18.00 00 293 1 $525,000.


NV 7.25 2 132920000433918 1824 Scenic  91 $25,328.67 4/1/21 86 $115590
4/8/96 89117 299 03 2.25 9433918 Las Vegas $40,000.
45 10/9/96 18.00 06 294 1 $182,500.

CA 7.25 2 106930000433921 10242 Maikai  91 $25,529.6 3/25/11 95 $160000
4/25/96 92646 179 05 3.75 9433921 Huntington Beach $30,000.
29 10/25/96 18.00 02 173 1 $200,000.



<PAGE>
ID 8.75 2 116910000433922 1473 Parkforest  81 $26,204.06 3/25/21 80 $207000
4/25/96 83616 299 03 0.50 9433922 Eagle $26,600.
24 7/25/96 18.00 00 293 1 $292,000.

MA 7.25 2 225920000433923 27 Red Brook  91 $114.43 4/22/21 89 $100000
5/22/96 02536 299 05 2.25 9433923 Waquoit $20,100.
35 11/22/96 18.00 06 294 1 $135,000.


FL 7.25 2 112920000433926 22076 Acapulco  91 $39,282.79 4/8/21 84 $57800
5/8/96 33428 299 05 2.00 9433926 Boca Raton $40,000.
30 11/8/96 18.00 06 294 1 $117,000.

FL 7.25 2 112910000433927 11 Island Ave  81 $58,580.79 4/8/21 77 $54000
5/8/96 33139 299 06 1.50 9433927 Miami Beach $80,000.
47 11/8/96 18.00 06 294 1 $175,000.


CA 11.5 2 206930000433928 1203 Muirfield  92 $35,157.51 5/14/11 100 $186000
5/9/96 95746 180 03 3.25 9433928 Granite Bay $49,000.
40 5/9/96 18.00 03 175 1 $235,000.






CO 8.75 2 208910000433929 6186 East  81 $21,701.8 4/9/21 80 $112740
5/9/96 80112 299 05 0.50 9433929 Englewood $23,000.
37 8/9/96 18.00 06 294 1 $170,000.

CO 8.5 2 208910000433930 28 Corona Street 81 $9,356.71 4/9/21 78 $95272
5/9/96 80209 299 05 0.25 9433930 Denver $10,000.
30 8/9/96 18.00 02 294 1 $135,000.


DC 11. 2 111920000433934 1620 Ridge Place  91 $20,317.66 4/20/21 90 $50098
5/20/96 20020 299 05 2.75 9433934 Washington $24,600.
36 8/20/96 18.00 06 294 1 $83,500.

CA 11.5 2 206920000433945 30528 Mainmast  91 $26,126.21 4/6/21 90 $212000
5/6/96 91301 299 05 3.25 9433945 Agoura Hills $26,500.
36 8/6/96 18.00 00 294 1 $265,000.



<PAGE>
CA 7.25 2 106910000433946 830 Weldon Road 81 $49,370.39 3/9/11 59 $208000
4/9/96 93109 179 05 1.00 9433946 Santa Barbara $50,000.
30 10/8/96 18.00 06 173 1 $440,000.

FL 7.25 2 112910000433947 1564 Biarritz Dr 91 $22,850.22 4/6/21 90 $116250
5/6/96 33141 299 05 2.75 9433947 Miami Beach $23,250.
41 11/6/96 18.00 06 294 1 $155,000.


NY 7.25 2 236910000433948 21 Smolley Drive 81 $59,497.94 4/9/21 77 $202740
5/9/96 10952 299 05 2.50 9433948 Monsey $60,000.
43 11/9/96 18.00 06 294 1 $341,500.

NH 9.75 2 233910000433951 19 Azarian Road 81 $19,286.36 5/24/21 80 $116267
5/24/96 03079 300 05 1.50 9433951 Salem $23,700.
40 8/24/96 18.00 06 295 1 $175,000.


CO 8.75 2 208910000433952 70 Chipper Court 81 $9,708.36 4/9/21 41 $49692
5/9/96 81147 299 05 0.50 9433952 Pagosa Springs $10,000.
39 8/9/96 18.00 06 294 1 $146,000.

VA 11. 2 151920000433954 1815 Macarthur  91 $14,625. 5/1/21 90 $158400
5/1/96 22101 300 05 2.75 9433954 McLean $19,800.
48 8/1/96 18.00 06 295 1 $198,000.


CO 8.75 2 208910000433955 1846 S Linden  81 $6,456.86 4/10/11 78 $95000
5/10/96 80224 179 05 0.50 9433955 Denver $16,000.
41 8/10/96 18.00 06 174 1 $143,000.






FL 7.25 1 112910000433956 508 W Averdez St 81 $17,660.2 4/10/11 80 $0
5/10/96 33440 179 05 1.00 9433956 Clewiston $26,400.
31 11/10/96 18.00 03 174 1 $33,000.

MD 11.5 2 224930000433975 6928 Greenboro  92 $13,424.23 5/15/11 100 $158193
5/10/96 20744 180 05 3.25 9433975 Fort Washington $20,000.
44 5/10/96 18.00 02 175 1 $179,000.



<PAGE>
FL 11. 2 112920000433981 2823 Ne 26 Place 91 $39,628.37 4/1/21 86 $310000
5/1/96 33306 299 05 2.75 9433981 Fort Lauderdale $100,000.
44 8/1/96 18.00 06 294 1 $480,000.

MI 12. 2 226930000433984 14912 Thomas 91 $10,728.33 4/29/11 98 $82084
4/29/96 48101 180 05 3.75 9433984 Allen Park $11,000.
33 6/30/96 18.00 06 174 1 $95,000.


GA 10.5 2 113920000433985 440 Arborshade  91 $34,128.18 4/30/21 85 $191250
5/1/96 30155 299 03 2.25 9433985 Duluth $38,250.
37 8/1/96 18.00 00 295 1 $270,000.

NY 7.25 2 236920000433990 26 Barberry Road 91 $24,506.87 4/15/21 90 $179387
5/10/96 11795 299 05 2.75 9433990 West Islip $25,000.
27 11/15/96 18.00 06 294 1 $228,000.


CO 8.5 2 208910000433991 7313 South  81 $28,770.16 4/13/21 80 $94864
5/13/96 80122 299 05 0.25 9433991 Littleton $45,000.
28 8/13/96 18.00 06 294 1 $175,000.

NH 8.25 2 233920000433994 11 Bulley Road 91 $17,682.55 4/30/21 90 $89625
5/31/96 03825 299 05 2.00 9433994 Barrington $17,900.
15 8/31/96 18.00 00 295 1 $120,000.


NY 9.25 2 136910000433995 217 97th Street 81 $78,572.46 4/1/21 80 $239407
5/1/96 11209 299 07 1.00 9433995 Brooklyn $80,000.
43 8/6/96 18.00 04 294 1 $400,000.

NJ 11. 2 134910000433999 175 Robertson  91 $9,828.9 5/13/11 83 $83121
5/13/96 07035 180 01 2.75 9433999 Lincoln Park $16,800.
40 8/13/96 18.00 06 175 1 $121,000.


NJ 11. 2 134920000434001 13 High Crest  91 $7,157.61 4/7/21 90 $199827
5/7/96 07871 299 05 2.75 9434001 Sparta $35,800.
36 8/7/96 18.00 06 294 1 $263,000.







<PAGE>
FL 7.25 2 112920000434004 7163 Sw 13th  90 $10,932.54 5/20/11 90 $92000
5/14/96 33144 180 05 2.75 9434004 Miami $16,000.
44 11/14/96 18.00 06 175 1 $120,000.

FL 7.25 2 112910000434006 11395 Sw 58th  80 $60,000. 5/20/11 75 $47900
5/14/96 33173 180 05 2.50 9434006 Miami $60,000.
31 11/14/96 18.00 02 175 1 $145,000.


FL 11. 2 112920000434019 5103 Longfellow  91 $56,388.19 4/10/21 90 $463200
5/10/96 33629 299 05 2.75 9434019 Tampa $57,900.
37 8/10/96 18.00 00 294 1 $585,000.

VA 8.5 2 151920000434020 4312 Mount  81 $24,624.06 4/8/21 80 $186678
5/8/96 22408 299 05 0.25 9434020 Fredricksburg $25,000.
26 8/8/96 18.00 06 294 1 $265,000.


VA 11. 2 151920000434022 4202 Hatton Court 91 $20,623.49 5/11/21 90 $207000
5/11/96 22311 300 05 2.75 9434022 Alexandria $45,000.
30 8/11/96 18.00 00 295 1 $280,000.

VA 11. 2 151920000434024 1303 Gibson Place 91 $50,343.41 4/30/21 87 $161500
4/30/96 22046 300 05 2.75 9434024 Falls Church $54,250.
40 7/30/96 18.00 06 295 1 $250,000.


FL 7.25 2 112910000434026 13076 San Mateo  81 $39,482.49 4/17/21 58 $195000
5/17/96 33156 299 05 1.50 9434026 Coral Gables $100,000.
34 11/17/96 18.00 00 294 1 $510,000.

NY 9.25 2 136910000434027 101 Wichard  81 $36,153.79 3/25/21 79 $207000
4/25/96 11725 299 05 1.00 9434027 Commack $41,000.
45 7/25/96 18.00 06 293 1 $315,000.


VA 7.25 2 251920000434030 1826 Horseback  91 $33,177.03 5/21/21 90 $220000
5/16/96 22182 300 03 2.00 9434030 Vienna $45,500.
22 11/16/96 18.00 02 295 1 $295,000.

GA 11.5 2 113920000434031 1165 Buckner Rd 91 $11,834.5 5/2/21 90 $60000
5/3/96 30059 299 05 3.25 9434031 Mableton $12,000.
46 8/3/96 18.00 06 295 1 $80,000.



<PAGE>
MA 7.25 2 225910000434032 43 Trotters Lane 81 $23,947.75 4/24/21 79 $73500
5/24/96 02648 299 05 0.50 9434032 Marstons Mills $50,000.
44 11/24/96 18.00 06 294 1 $158,000.






CA 7.25 2 206920000434034 2790 Spring Street 91 $49,966.78 5/15/21 83 $487500
5/10/96 94574 300 05 3.75 9434034 Saint Helena $50,000.
45 11/10/96 18.00 01 295 1 $650,000.

MD 12. 2 124930000434049 310 Childs Road 91 $30,134.14 5/6/11 95 $204000
5/6/96 21921 180 05 3.75 9434049 Elkton $38,250.
43 5/6/96 18.00 06 175 1 $255,000.


CO 12. 2 208930000434051 12202 Dahlia  91 $11,931.85 4/15/11 95 $105300
5/15/96 80241 179 05 3.75 9434051 Thornton $12,000.
45 5/15/96 18.00 01 174 1 $124,000.

DC 11. 2 111920000434055 2715 Dumbarton  91 $18,229.26 5/7/21 90 $301000
5/7/96 20007 300 05 2.75 9434055 Washington $37,500.
27 8/7/96 18.00 06 295 1 $376,250.


CA 11.5 2 106930000434059 6660 Heartwood  90 $32,845.02 5/1/11 95 $175200
5/1/96 94611 180 05 3.25 9434059 Oakland $32,850.
44 8/1/96 18.00 01 175 1 $220,000.

CA 7.25 2 206920000434060 2639 Buckeye  91 $49,242.07 4/25/11 90 $428000
4/25/96 92660 180 03 3.75 9434060 Newport Beach $50,000.
45 10/25/96 18.00 02 174 1 $535,000.


MD 7.25 2 124920000434061 354 White Oak  91 $29,850.98 5/16/11 89 $244750
5/16/96 21561 180 05 2.25 9434061 Swanton $30,600.
33 12/16/96 18.00 06 175 1 $310,000.

CA 7.25 2 206920000434062 616 South  91 $50,000. 4/16/11 90 $244000
4/16/96 91506 180 05 2.75 9434062 Burbank $50,000.
41 10/17/96 18.00 06 174 1 $329,000.



<PAGE>
NJ 8.75 2 134910000434063 20 Overhill Road 81 $45,430.9 4/24/21 34 $8564
5/24/96 07747 299 05 0.50 9434063 Matawan $50,000.
41 8/24/96 18.00 06 294 1 $176,500.

OR 10.5 2 241920000434064 7053 Southwest  91 $27,314.06 4/16/21 90 $120000
4/16/96 97223 300 05 2.25 9434064 Tigard $27,600.
39 7/17/96 18.00 02 294 1 $164,000.


NH 9.25 2 233910000434065 58 Liberty  81 $24,513.73 4/16/21 80 $190000
5/16/96 03870 299 05 1.00 9434065 Rye $25,000.
40 8/16/96 18.00 01 294 1 $272,000.






WA 11. 2 153920000434066 707 N. 16th Street 91 $19,334.75 4/29/21 90 $80300
4/29/96 98273 300 05 2.75 9434066 Mount Vernon $19,600.
35 7/29/96 18.00 02 294 1 $111,000.

CA 7.25 2 206930000434067 722 Ygnacio  91 $49,225.66 4/24/21 94 $305500
4/24/96 94518 300 05 3.75 9434067 Concord $50,000.
40 10/25/96 18.00 00 294 1 $382,000.


MA 9.25 2 225910000434069 179 Hillside Road 81 $42,687.51 5/31/21 80 $101677
5/31/96 01845 300 05 1.00 9434069 North Andover $44,700.
43 8/31/96 18.00 06 296 1 $183,000.

MA 7.25 2 225920000434070 67 Burroughs  91 $25,483.08 5/31/21 90 $91300
5/31/96 01864 300 05 2.25 9434070 North Reading $25,700.
37 11/30/96 18.00 06 296 1 $130,000.


CA 11. 2 206920000434071 8 Northview Way 91 $54,370.81 4/22/21 90 $440000
4/22/96 94062 300 05 2.75 9434071 Redwood City $55,000.
41 7/22/96 18.00 00 294 1 $550,000.

CA 11. 2 106930000434072 10995 Promesa  91 $22,928.52 4/29/21 90 $182000
4/29/96 92124 300 05 2.75 9434072 San Diego $23,000.
38 7/29/96 18.00 02 294 1 $230,000.



<PAGE>
CA 10.5 2 106920000434074 1546 Calmar  91 $52,955.4 3/29/21 90 $436000
4/29/96 90024 299 05 2.25 9434074 Los Angeles $54,500.
33 7/29/96 18.00 00 293 1 $545,000.

CA 11. 2 106920000434078 3904 Via Opata 91 $84,427.46 4/16/11 89 $680000
4/16/96 90274 180 05 2.75 9434078 Palos Verdes  $85,000.
33 7/1/96 18.00 06 174 1 $860,000.


CA 7.25 2 106920000434081 45 Harvard Lane 91 $24,270.64 3/12/21 90 $187747
4/12/96 94558 299 05 2.75 9434081 Napa $24,500.
37 10/12/96 18.00 06 293 1 $236,000.

CA 7.25 2 106920000434082 4475 Lorren Drive 91 $32,981.25 3/25/21 90 $168750
4/25/96 94536 299 05 3.75 9434082 Fremont $33,700.
45 10/25/96 18.00 00 293 1 $225,000.


CA 9. 2 106910000434083 59 Fairway Drive 81 $15,533.34 3/23/21 80 $207000
4/23/96 94015 299 03 0.75 9434083 Daly City $17,000.
29 7/23/96 18.00 06 293 1 $280,000.






CA 10.75 2 106920000434084 1647 Posilipo  91 $45,713.81 3/19/21 90 $408000
4/19/96 93108 299 01 2.50 9434084 Santa Barbara $50,000.
30 7/19/96 18.00 02 293 1 $510,000.

CA 11. 2 106910000434085 3364 & 3366  91 $72,893.36 3/26/21 90 $207000
4/26/96 95051 299 05 2.75 9434085 Santa Clara $73,800.
40 7/26/96 18.00 06 293 1 $312,000.


CA 7.25 2 106920000434086 29411 Longhorn  91 $13,670.62 3/25/21 90 $110000
4/25/96 92587 299 03 2.25 9434086 Canyon Lake $14,200.
44 10/25/96 18.00 06 293 1 $138,000.

CA 7.25 2 106920000434087 5123 Stansbury  91 $30,800.84 3/27/21 90 $260000
4/27/96 91423 299 05 2.25 9434087 Los Angeles $32,500.
31 10/27/96 18.00 00 293 1 $325,000.



<PAGE>
NJ 10.25 2 134920000434089 131 Smokerise  91 $25,483.08 5/3/21 83 $384000
6/3/96 07059 299 05 2.00 9434089 Warren $40,500.
23 9/3/96 18.00 00 295 1 $512,900.

CA 10.5 2 106920000434090 3630 Santa Maria  91 $40,301.81 3/22/21 90 $204000
4/22/96 93105 299 05 2.25 9434090 Santa Barbara $40,800.
40 7/22/96 18.00 00 293 1 $272,000.


CA 7.25 2 106920000434091 33602 Halyard  91 $53,575.87 3/20/21 88 $211499
4/20/96 92629 299 03 2.75 9434091 Dana Point $54,000.
17 10/20/96 18.00 06 293 1 $305,000.

CA 7.25 2 106920000434094 19672 Falcon  91 $43,670.96 3/30/21 90 $377600
4/30/96 91326 299 03 2.25 9434094 Los Angeles $47,200.
42 10/30/96 18.00 00 294 1 $475,000.


CA 7.25 2 106920000434096 21845 Cardiff  91 $74,425.94 3/24/21 90 $600000
4/24/96 92687 299 05 2.75 9434096 Yorba Linda $75,000.
44 10/24/96 18.00 00 293 1 $750,000.

CA 12.5 2 106910000434099 8550 Catalina  91 $16,978.46 3/19/11 88 $178000
4/19/96 90605 179 05 4.25 9434099 Whittier $50,000.
48 4/19/96 18.00 03 173 1 $260,000.


OR 11. 2 141920000434100 464 North 63rd  91 $12,935.21 3/2/21 90 $89612
4/2/96 97478 299 05 2.75 9434100 Springfield $13,000.
40 7/2/96 18.00 06 293 1 $115,000.






CA 7.25 2 106920000434101 29 Calabria Lane 91 $31,374. 3/26/21 90 $184000
4/26/96 92610 299 03 2.25 9434101 Foothill Ranch $40,000.
31 10/26/96 18.00 06 293 1 $250,000.

CA 7.25 1 206930000434102 2109 National  91 $16,846.06 4/19/21 90 $0
4/19/96 92627 300 05 2.25 9434102 Costa Mesa $25,800.
45 10/19/96 18.00 06 294 1 $172,000.



<PAGE>
CA 7.25 2 106920000434103 5040 Onteora  91 $38,077.13 3/24/21 90 $195000
4/24/96 90041 299 05 2.75 9434103 Los Angeles $39,000.
32 10/24/96 18.00 06 293 1 $260,000.

CA 11. 2 106920000434107 519 Fernleaf  91 $59,965.53 3/29/21 90 $400000
4/29/96 92625 299 05 2.75 9434107 Newport Beach $60,800.
27 7/29/96 18.00 00 293 1 $512,000.


CA 10.5 2 106920000434110 6198 Oneida  91 $31,311.63 5/2/21 90 $157500
5/2/96 95123 300 05 2.25 9434110 San Jose $31,500.
16 8/2/96 18.00 02 295 1 $210,000.

CA 7.25 2 206910000434111 1721 Trollman  81 $30,208.39 4/23/21 57 $129900
4/23/96 94401 300 05 0.50 9434111 San Mateo $50,000.
32 10/23/96 18.00 06 294 1 $320,000.


NM 11. 2 135920000434112 8114 Roma  91 $47,365.3 5/2/21 89 $54750
5/2/96 87108 300 05 2.75 9434112 Albuquerque $48,000.
24 8/2/96 18.00 03 295 1 $115,500.

CA 11.5 2 206930000434113 13052 Nina Place 91 $23,792.09 4/23/11 95 $131250
4/23/96 92643 180 05 3.25 9434113 Garden Grove $44,500.
40 7/23/96 18.00 03 174 1 $186,000.


CA 11. 2 106920000434114 1128 Casaba  91 $58,059.1 4/26/21 90 $289819
4/26/96 95120 300 05 2.75 9434114 San Jose $78,200.
44 7/26/96 18.00 06 294 1 $409,000.

CA 7.25 1 206920000434115 531 Lagrange  91 $48,316.7 4/14/21 90 $0
4/14/96 94550 300 05 2.25 9434115 Livermore $50,000.
41 10/15/96 18.00 06 294 1 $490,000.


FL 11.5 2 212920000434119 13849 Deer  91 $35,137.27 4/23/11 90 $307500
4/23/96 33418 180 03 3.25 9434119 Palm Beach  $61,500.
45 4/23/96 18.00 06 174 1 $410,000.







<PAGE>
CA 11. 2 106930000434122 200 Alderwood  91 $48,869.48 5/1/21 90 $306958
5/1/96 94583 300 05 2.75 9434122 San Ramon $49,100.
45 8/1/96 18.00 01 295 1 $396,000.

GA 10.25 2 113920000434124 3744 Thunder  91 $24,038.26 5/5/11 90 $203700
5/6/96 30066 179 05 2.00 9434124 Marietta $40,700.
21 8/6/96 18.00 00 175 1 $272,000.


NE 8.5 2 131910000434125 1926 E 30th St 81 $16,900.98 4/25/21 78 $57500
4/25/96 69361 300 05 0.25 9434125 Scottsbluff $20,000.
25 7/25/96 18.00 01 294 1 $100,000.

VA 12. 2 151930000434127 19400 Loudoun  91 $49,593.52 4/25/11 92 $248541
4/25/96 22075 180 05 3.75 9434127 Leesburg $50,000.
37 7/25/96 18.00 02 174 1 $325,000.


CA 9.25 2 106920000434133 12791 Barrett  81 $142,866.4 3/3/11 80 $462000
4/3/96 92705 179 05 1.00 9434133 Santa Ana $145,500.
36 7/3/96 18.00 06 173 1 $760,000.

CA 10.75 2 106930000434138 1046 Byerley  91 $49,743.05 4/19/11 95 $195000
4/19/96 95125 180 05 2.50 9434138 San Jose $50,000.
42 6/19/96 18.00 06 174 1 $260,000.


CO 12. 2 208930000434150 6055 Garrison  91 $18,705.97 4/17/11 99 $86100
5/17/96 80004 179 05 3.75 9434150 Arvada $23,000.
47 5/17/96 18.00 01 174 1 $111,000.

CO 10.5 2 208920000434151 2261 Blake Street  91 $6,213.6 4/16/21 90 $82150
5/16/96 80205 299 08 2.25 9434151 Denver $14,000.
39 8/16/96 18.00 01 294 1 $107,000.


MI 7.25 1 226910000434152 29541 Gramercy  81 $24,011.47 5/21/11 14 $0
5/21/96 48336 180 05 4.25 9434152 Farmington Hills $25,000.
29 11/21/96 18.00 06 175 1 $185,000.

MD 11. 2 124930000434155 12808 Parkland  91 $15,039.63 5/16/21 90 $118800
5/16/96 20853 300 05 2.75 9434155 Rockville $15,300.
37 8/16/96 18.00 06 295 1 $149,000.



<PAGE>
CA 10.5 2 106920000434156 248 Prairie Dog  91 $40,878.67 4/22/21 90 $331000
4/22/96 94538 300 05 2.25 9434156 Fremont $41,400.
45 7/22/96 18.00 00 294 1 $414,000.






CA 12. 2 106920000434160 12745 Dupont  91 $26,166.24 3/22/21 85 $197437
4/22/96 95472 299 05 3.75 9434160 Sebastopol $26,500.
43 7/22/96 18.00 02 293 1 $265,000.

CA 10.5 2 106920000434162 114 Vine Hill  91 $21,189.06 4/1/21 90 $172000
5/1/96 95066 299 03 2.25 9434162 Scotts Valley $21,500.
36 8/2/96 18.00 06 294 1 $215,000.


CA 10.5 2 106920000434163 32570 Dearborn  91 $33,347.57 3/26/21 88 $96300
4/26/96 94544 299 05 2.25 9434163 Hayward $40,000.
42 7/27/96 18.00 06 293 1 $155,000.

CA 7.25 2 106920000434164 591 East Wigeon  91 $22,161.57 3/12/21 90 $112500
4/12/96 94585 299 05 3.25 9434164 Suisun City $22,500.
50 10/12/96 18.00 06 293 1 $150,000.


CA 10.5 2 106920000434166 1953 Harrisson  91 $40,354.62 3/16/21 90 $202500
4/16/96 95050 299 05 2.25 9434166 Santa Clara $40,500.
33 7/16/96 18.00 00 293 1 $270,000.

CA 11. 2 106920000434167 2249 Bermuda  91 $44,604.43 3/25/21 90 $207000
4/25/96 94403 299 05 2.75 9434167 San Mateo $55,350.
40 7/26/96 18.00 06 293 1 $292,000.


CA 7.25 2 106920000434168 3012 Shadid  91 $99,234.51 3/22/21 83 $84805
4/22/96 92324 299 05 2.75 9434168 Colton $100,000.
13 10/22/96 18.00 06 293 1 $225,000.

CA 11.5 2 106920000434169 8364 Nestle  91 $20,891.7 5/2/21 90 $163500
5/2/96 91325 300 05 3.25 9434169 Los Angeles $21,000.
49 8/2/96 18.00 06 295 1 $205,000.



<PAGE>
VA 11. 2 151930000434170 Route 1 Box 345 91 $46,121.47 5/15/21 91 $225000
5/15/96 22972 300 05 2.75 9434170 Somerset $46,400.
41 8/15/96 18.00 02 295 1 $300,000.

OR 8.75 2 141910000434172 6801 Northeast  81 $44,604.1 3/22/21 60 $45000
4/22/96 97218 299 05 0.50 9434172 Portland $45,000.
45 7/22/96 18.00 06 293 1 $150,000.


CA 10.5 2 106920000434173 3371 Vickers  91 $19,903.71 3/29/21 90 $184000
4/29/96 91208 299 05 2.25 9434173 Glendale $23,000.
44 7/29/96 18.00 00 293 1 $230,000.






NV 10.5 2 132920000434175 10455 Red Rock  91 $22,285.57 4/1/21 90 $112100
5/1/96 89206 299 05 2.25 9434175 Reno $22,400.
36 8/1/96 18.00 06 294 1 $149,500.

CA 12. 2 106930000434176 16856 Encino  91 $40,000. 5/1/11 95 $396992
5/1/96 91436 180 05 3.75 9434176 Los Angeles $40,000.
43 5/1/96 18.00 06 175 1 $460,000.


CA 8.75 2 106910000434177 1462 Susan Way 81 $44,554.02 4/1/21 20 $207000
5/1/96 93953 299 05 0.50 9434177 Pebble Beach $45,000.
8 8/1/96 18.00 06 294 1 $1,270,000.

CA 10.5 2 106920000434180 12891 Hillside  91 $23,152.73 3/22/21 90 $116250
4/22/96 95006 299 05 2.25 9434180 Boulder Creek $23,250.
38 7/22/96 18.00 00 293 1 $155,000.


WA 11. 2 153920000434184 3325 East Saint  91 $38,078.88 3/18/21 90 $306000
4/18/96 98112 299 03 2.75 9434184 Seattle $38,200.
44 7/18/96 18.00 06 293 1 $382,500.

CA 10.5 2 106920000434186 770 Admiral  91 $24,867.28 5/3/21 86 $358000
5/3/96 91301 300 03 2.25 9434186 Agoura $25,000.
35 8/3/96 18.00 06 295 1 $449,000.



<PAGE>
GA 7.25 2 213920000434194 4993 Gunners  91 $33,789.32 5/17/21 90 $171750
5/17/96 30075 300 05 2.25 9434194 Roswell $34,300.
39 11/17/96 18.00 00 295 1 $231,000.

CA 10.5 2 106920000434204 18556 North  91 $6,451.81 5/2/21 90 $100620
5/2/96 95461 300 05 2.25 9434204 Middletown $34,000.
35 5/2/96 18.00 06 295 1 $150,000.


CA 11.5 2 106920000434207 627 Lorraine  91 $60,730.39 3/26/21 90 $488000
4/26/96 90000-5 299 05 3.25 9434207 Los Angeles $61,000.
23 7/26/96 18.00 00 293 1 $610,000.

WA 12.5 2 253930000434208 16805 Northeast  91 $31,350. 4/1/11 95 $151050
5/1/96 98052 179 05 4.25 9434208 Redmond $31,350.
46 5/1/96 18.00 02 174 1 $192,000.


NV 11.5 2 232930000434209 2154 Fountain  92 $20,890.3 3/24/11 100 $188100
4/24/96 89014 179 03 3.25 9434209 Henderson $20,900.
37 7/24/96 18.00 00 173 1 $209,000.






CA 11.5 2 106920000434211 7 Cambria Drive 91 $99,643.16 3/26/21 90 $629000
4/26/96 92625 299 03 3.25 9434211 Newport Beach $100,000.
45 7/26/96 18.00 00 293 1 $810,000.

CO 10.5 2 208920000434212 8775 West  91 $24,657.91 3/29/21 88 $66750
4/29/96 80227 299 03 2.25 9434212 Lakewood $25,000.
36 7/29/96 18.00 02 293 1 $105,000.


FL 10.25 2 212910000434219 3574 Avocado  91 $36,115.29 5/2/11 90 $183750
5/2/96 33133 180 05 2.00 9434219 Miami $36,700.
29 8/3/96 18.00 00 175 1 $245,000.

CA 10.5 2 106920000434222 820 Marble Way 91 $16,993.62 5/2/21 86 $207000
5/2/96 94954 300 05 2.25 9434222 Petaluma $25,000.
45 8/2/96 18.00 02 295 1 $271,000.



<PAGE>
CA 7.25 2 106920000434223 13 Lincoln  91 $54,898.14 4/30/21 90 $483297
4/30/96 94941 300 05 3.75 9434223 Mill Valley $60,000.
47 10/30/96 18.00 03 295 1 $605,000.

CA 10.5 2 106920000434224 18519 Jack Tone  91 $29,831.98 4/6/21 89 $129885
5/6/96 95237 299 05 2.25 9434224 Lockeford $30,000.
43 8/6/96 18.00 06 294 1 $180,000.


CA 11.5 2 206930000434226 4112 Odessa  91 $24,222.32 4/3/11 95 $207000
5/3/96 92686 179 05 3.25 9434226 Yorba Linda $40,000.
41 8/3/96 18.00 06 174 1 $260,000.

CA 11. 2 106920000434227 737 Alabama  91 $11,592.71 4/1/21 90 $229600
4/25/96 92648 299 05 2.75 9434227 Huntington Beach $28,700.
37 7/25/96 18.00 00 294 1 $287,000.


CA 10.5 2 106920000434229 2060 Pinecrest  91 $33,256.37 3/25/21 90 $167000
4/25/96 94066 299 05 2.25 9434229 San Bruno $33,405.
33 7/25/96 18.00 00 293 1 $222,700.

CA 11.5 2 106920000434230 682 Tarragon 91 $32,171.39 5/2/21 90 $259200
5/2/96 94903 300 05 3.25 9434230 San Rafael $32,400.
46 8/2/96 18.00 00 295 1 $324,000.


CA 11. 2 106920000434231 90 Lovell Avenue 91 $42,941.76 5/3/21 90 $348000
5/3/96 94941 300 05 2.75 9434231 Mill Valley $43,500.
50 8/3/96 18.00 06 295 1 $435,000.






OR 11. 2 241920000434232 4619 Southeast  91 $11,984.29 3/24/11 87 $104500
4/23/96 97267 179 05 2.75 9434232 Milwaukie $12,000.
50 4/23/96 18.00 03 173 1 $135,000.

CA 11. 2 106930000434233 1116 Corrales  91 $39,500. 4/1/21 90 $196300
4/23/96 91910 299 05 2.75 9434233 Chula Vista $39,500.
41 7/23/96 18.00 00 294 1 $262,020.



<PAGE>
CA 10.5 2 106910000434234 231 Alicante Place 91 $21,168.31 5/1/21 87 $303950
5/1/96 94526 300 03 2.25 9434234 Danville $24,000.
44 8/1/96 18.00 00 295 1 $380,000.

NV 11. 2 132910000434236 2086 Russell  91 $29,980.28 2/1/11 90 $150000
5/7/96 89801 176 05 2.75 9434236 Elko $30,000.
45 5/7/96 18.00 06 172 1 $200,000.


CA 11. 2 106920000434239 4228 Briarglen  91 $23,355.4 5/7/21 89 $188000
5/7/96 95118 300 05 2.75 9434239 San Jose $23,500.
41 8/7/96 18.00 00 295 1 $238,500.

FL 7.25 2 212920000434240 712 Sevilla  91 $29,521.16 5/27/21 90 $173000
5/21/96 33134 300 05 2.00 9434240 Coral Gables $44,800.
28 11/21/96 18.00 06 295 1 $242,000.


WI 10.25 2 255910000434242 39 Lyncrest Dr 81 $77,498.78 2/1/21 74 $178632
3/15/96 10952 298 05 2.00 9434242 Minsey $90,000.
47 6/15/96 18.00 03 292 1 $366,000.

TN 10.5 2 147920000434243 160 Cloverleaf  91 $20,166.93 4/13/21 90 $42700
5/13/96 37312 299 05 2.25 9434243 Cleveland $20,300.
41 8/13/96 1400.00 01 294 1 $70,000.


MA 11. 2 225920000434247 10 Todd Lane 91 $19,712.06 6/6/21 88 $207000
6/6/96 01821 300 05 2.75 9434247 Billerica $20,000.
33 9/6/96 18.00 06 296 1 $259,000.

CA 12.25 2 106930000434249 5550 South  91 $67,399.98 4/24/11 92 $476000
4/24/96 90056 180 05 4.00 9434249 Los Angeles $67,400.
44 7/1/96 18.00 06 174 1 $595,000.


CA 12. 2 106930000434250 28045 Blackberry  91 $49,427.32 3/5/11 95 $264000
4/5/96 92687 179 05 3.75 9434250 Yorba Linda $49,500.
34 7/5/96 18.00 06 173 1 $330,000.







<PAGE>
CA 7.25 2 106920000434251 12432 Browning  91 $28,417.3 3/25/21 90 $233600
4/25/96 92705 299 05 2.75 9434251 Santa Ana Area $29,200.
36 10/25/96 18.00 00 293 1 $293,000.

CA 7.25 2 106920000434252 23605 Barona  91 $19,846.89 3/25/11 84 $134000
4/25/96 92065 179 03 3.25 9434252 San Diego $29,000.
50 10/25/96 18.00 06 173 1 $195,000.


CA 11.5 2 106920000434253 2000 Rock Street 91 $17,547.26 3/19/21 90 $88500
4/19/96 94043 299 01 3.25 9434253 Mountain View $17,700.
47 7/19/96 18.00 06 293 1 $118,000.

CA 7.25 2 106910000434254 3805 Dusty Trail 81 $41,017.77 3/22/21 79 $534000
4/22/96 92024 299 05 1.00 9434254 Encinitas $75,000.
37 10/22/96 18.00 06 293 1 $775,000.


CA 7.25 2 106920000434255 301 East Meda  91 $24,411.58 3/27/21 90 $245362
4/27/96 91741 299 05 2.25 9434255 Glendora $24,600.
26 10/27/96 18.00 06 293 1 $300,000.

CA 7.25 2 106920000434256 1345 Green Court 91 $27,077.01 3/24/11 87 $172500
4/24/96 93955 179 05 2.75 9434256 Seaside $27,500.
43 10/24/96 18.00 06 173 1 $230,000.


CA 11. 2 106920000434262 1025 Glenfinnan  91 $26,813.08 4/29/21 90 $135750
4/29/96 95122 300 05 2.75 9434262 San Jose $27,000.
36 7/29/96 18.00 06 294 1 $181,000.

FL 7.25 2 112920000434265 11465 Sw 60th  91 $16,512.18 4/14/16 87 $124000
5/14/96 33173 239 03 3.25 9434265 Miami $16,700.
38 11/14/96 18.00 02 234 1 $163,000.


CA 10.5 2 106920000434266 32759 Tule Lake  91 $45,668.83 5/6/21 90 $142285
5/6/96 94555 300 05 2.25 9434266 Fremont $46,000.
45 8/6/96 18.00 02 295 1 $210,000.

FL 12. 2 112930000434268 14404 Grassy  92 $44,100. 4/15/11 100 $115800
5/15/96 32861 179 03 3.75 9434268 Orlando $44,100.
49 5/15/96 18.00 02 174 1 $160,000.



<PAGE>
CA 10.5 2 106920000434270 2813 Onrado  91 $33,519.81 4/1/21 90 $168750
4/25/96 90503 299 05 2.25 9434270 Torrance $33,750.
43 7/26/96 18.00 00 294 1 $225,000.






GA 12. 2 113930000434272 307 Pleasant Hill  92 $44,993.17 5/15/21 100 $102858
5/10/96 30734 300 05 3.75 9434272 Ranger $45,000.
47 5/10/96 18.00 02 295 1 $148,000.

CA 7.25 2 106920000434278 42557 Fern Circle 91 $36,915.04 3/23/21 90 $186000
4/23/96 94538 299 05 2.75 9434278 Fremont $37,200.
39 10/23/96 18.00 00 293 1 $248,000.


CA 12. 2 106930000434283 428 Brandywine  91 $34,328.18 5/3/11 95 $184000
5/3/96 94523 180 03 3.75 9434283 Pleasant Hill $34,500.
44 8/3/96 18.00 06 175 1 $230,000.

FL 10.25 2 112920000434284 12385 Rockledge  91 $20,212.72 5/7/11 93 $194000
5/8/96 33428 179 03 2.00 9434284 Boca Raton $29,200.
23 8/8/96 18.00 06 175 1 $242,512.


CA 10.5 2 206920000434287 16705 Rolando  91 $31,786.53 5/1/11 90 $159300
5/1/96 94578 180 05 2.25 9434287 San Leandro $31,950.
42 8/1/96 18.00 00 175 1 $212,500.

CA 10.5 2 106920000434288 6989c Rodling  91 $25,370.14 4/11/21 90 $127875
5/11/96 95138 299 01 2.25 9434288 San Jose $25,575.
44 8/11/96 18.00 02 294 1 $170,500.


FL 7.25 1 112910000434290 16500 Nw 84th  81 $62,553.11 4/14/11 40 $0
5/14/96 33016 179 05 2.25 9434290 Miami $75,000.
49 11/14/96 18.00 06 174 1 $188,000.

CA 7.25 2 106910000434291 6307 Melville  81 $8,169.52 4/24/21 80 $250000
4/24/96 94611 300 05 0.50 9434291 Oakland $46,000.
34 10/24/96 18.00 02 294 1 $370,000.



<PAGE>
CA 7.25 2 106920000434299 116 Danefield  91 $12,494.74 3/18/21 90 $452600
4/18/96 94556 299 05 2.75 9434299 Moraga $25,000.
39 10/18/96 18.00 03 293 1 $532,500.

CA 12. 2 106920000434300 6323 Burnside  91 $34,555.38 3/22/21 89 $309000
4/22/96 95472 299 05 3.75 9434300 Sebastopol $36,000.
43 7/22/96 18.00 02 293 1 $390,000.


CA 12.5 2 106930000434301 2308 Monta Vista  91 $45,000. 3/25/11 98 $184894
4/25/96 94564 179 05 4.25 9434301 Pinole $45,000.
50 4/25/96 18.00 02 173 1 $236,000.






CA 10.25 2 106920000434302 12079 Beaufait  91 $35,417.06 3/22/21 85 $207000
4/22/96 91326 299 05 2.00 9434302 Los Angeles $36,100.
19 7/22/96 18.00 00 293 1 $286,000.

CA 11. 2 106920000434306 1957 Drumhead  91 $36,818.25 5/3/21 90 $213700
5/3/96 95131 300 05 2.75 9434306 San Jose $42,800.
39 8/3/96 18.00 06 295 1 $285,000.


WA 12. 2 253930000434307 2621 Northeast  91 $14,950. 4/2/11 95 $100000
5/1/96 98665 179 05 3.75 9434307 Vancouver $14,950.
35 5/2/96 18.00 06 174 1 $121,000.

CA 7.25 2 206920000434308 22345 De Kalb  91 $31,219.84 4/7/21 90 $254000
5/7/96 91302 299 05 2.25 9434308 Calabasas $31,750.
40 11/7/96 18.00 00 294 1 $318,000.


CA 10.5 2 106920000434309 609 Cabrillo  91 $15,786.64 4/9/21 86 $223100
5/9/96 95065 299 05 2.25 9434309 Santa Cruz $15,900.
37 8/9/96 18.00 00 294 1 $279,000.

CA 11. 2 106920000434310 886 Cordova  91 $54,398.3 3/12/21 90 $422500
4/12/96 92107 299 05 2.75 9434310 San Diego $54,500.
38 7/12/96 18.00 02 293 1 $530,000.



<PAGE>
GA 10.5 2 113920000434312 2170 Federal  91 $26,100.03 5/8/11 88 $146600
5/9/96 30076 179 03 2.25 9434312 Roswell $26,500.
43 8/9/96 18.00 00 175 1 $197,000.

CA 10.5 2 106920000434313 11075 Watkins  91 $26,153.12 5/10/21 88 $276300
5/10/96 92131 300 05 2.25 9434313 San Diego $27,600.
11 8/10/96 18.00 00 295 1 $345,479.


CA 9.25 2 106910000434314 13338 Red Cloud  81 $49,662.48 5/8/11 67 $122076
5/8/96 92064 180 05 1.00 9434314 Poway $50,000.
48 8/8/96 18.00 06 175 1 $260,000.

CA 11. 2 106920000434315 3961via Marisol 91 $18,376.82 5/3/21 90 $93250
5/3/96 90042 300 01 2.75 9434315 Los Angeles $18,500.
43 8/3/96 18.00 06 295 1 $125,000.


GA 11. 2 113920000434316 5390 Truman  91 $31,848.34 5/1/11 90 $160500
5/2/96 30506 179 05 2.75 9434316 Gainesville $32,100.
20 8/2/96 18.00 00 175 1 $215,000.






FL 7.25 2 212910000434317 1011 Ne 122nd  91 $18,405.31 3/26/21 90 $152000
4/26/96 34479 299 05 2.75 9434317 Ocala $19,000.
43 10/26/96 18.00 06 293 1 $190,000.

CA 7.25 2 106920000434318 11700 Cresthill  91 $33,281.11 3/23/21 90 $195000
4/23/96 95624 299 05 2.75 9434318 Elk Grove $39,000.
42 10/23/96 18.00 06 293 1 $260,000.


CA 7.25 2 206930000434320 2665 Benny Way 91 $37,275.65 5/30/11 95 $64568
5/24/96 95670 180 05 3.75 9434320 Rancho Cordova $37,700.
35 11/24/96 18.00 02 176 1 $108,000.

CT 7.25 2 209910000434323 35 Penzance Road 81 $14,619.32 5/3/21 80 $135000
6/3/96 06902 299 05 0.50 9434323 Stanford $17,000.
26 12/8/96 18.00 06 295 1 $190,000.



<PAGE>
FL 7.25 2 112910000434324 407 Aragon Ave 81 $48,826.91 4/14/11 70 $135000
5/14/96 33134 179 05 1.00 9434324 Coral Gables $50,000.
51 11/14/96 18.00 02 174 1 $265,000.

GA 11. 2 113920000434326 3050 Callie Still  91 $69,575.36 5/7/21 90 $99569
5/8/96 30245 299 05 2.75 9434326 Lawrenceville $70,000.
42 8/8/96 18.00 06 295 1 $189,000.


CA 10.25 2 106930000434327 1482 Ripchak  91 $20,489.87 5/6/21 90 $139850
5/6/96 91719 300 05 2.00 9434327 Corona $27,950.
30 8/6/96 18.00 01 295 1 $186,500.

CO 8.5 2 208910000434329 4654 S Newton St 81 $40,604.12 4/17/21 80 $92758
5/17/96 80236 299 05 0.25 9434329 Denver $49,000.
27 8/14/96 18.00 02 294 1 $178,000.


GA 11. 2 113920000434330 4500 Park Place 91 $20,500. 5/9/21 90 $203000
5/10/96 30066 299 03 2.75 9434330 Marietta $25,000.
41 8/10/96 18.00 06 295 1 $255,000.

FL 7.25 2 112920000434331 585 Cambridge Dr 91 $41,392.11 4/14/21 86 $123000
5/14/96 33326 299 03 2.75 9434331 Ft. Lauderdale $44,000.
41 11/14/96 18.00 02 294 1 $196,000.


FL 11.5 2 112920000434332 382 South Fig  91 $19,872.6 5/12/21 90 $109600
5/13/96 33317 299 05 3.25 9434332 Plantation $20,000.
39 8/13/96 18.00 02 295 1 $145,000.






CA 10.5 2 106920000434334 1181 Crompton  91 $31,410.14 4/2/21 90 $256800
5/2/96 94061 299 05 2.25 9434334 Redwood City $32,100.
45 8/2/96 18.00 00 294 1 $321,000.

MA 7.25 2 225920000434337 79 Mishawum  91 $26,151.7 6/10/21 89 $132750
6/10/96 01801 300 05 2.25 9434337 Woburn $26,500.
39 12/10/96 18.00 00 296 1 $180,000.



<PAGE>
GA 11.5 2 113920000434338 945 Northcliff  91 $19,501.95 4/25/11 90 $200000
4/26/96 30318 179 05 3.25 9434338 Atlanta $50,000.
51 7/26/96 18.00 00 174 1 $280,000.

CA 11. 2 206920000434341 13905 Davana  91 $51,105.54 4/10/21 90 $412000
5/10/96 91423 299 05 2.75 9434341 Los Angeles $51,500.
42 8/10/96 18.00 00 294 1 $515,000.


CA 8.75 2 106920000434343 1517 East Hill  81 $40,991.97 5/6/21 80 $142000
5/6/96 95490 300 05 0.50 9434343 Willits $41,300.
28 8/6/96 18.00 06 295 1 $230,000.

CA 9.25 2 106910000434346 2965 Privet Drive 81 $64,696.16 5/7/21 80 $975000
5/7/96 94010 300 05 1.00 9434346 Hillsborough $65,000.
38 8/7/96 18.00 00 295 1 $1,300,000.


FL 7.25 2 212930000434347 760 East 30th  91 $10,286.33 5/21/11 93 $82174
5/21/96 33013 180 05 3.75 9434347 Hialeah $12,800.
41 11/21/96 18.00 06 175 1 $103,000.

CA 11. 2 106930000434348 456 Vine Avenue 91 $41,794.78 5/6/21 89 $199000
5/6/96 95472 300 05 2.75 9434348 Sebastopol $50,000.
50 8/6/96 18.00 06 295 1 $280,000.


CA 12. 2 106930000434349 262 Beegum Way 92 $17,818.67 5/2/11 100 $192600
5/2/96 95123 180 05 3.75 9434349 San Jose $21,400.
47 6/2/96 18.00 06 175 1 $214,000.

CO 11. 2 108920000434350 7359 Brook  91 $40,332.63 4/25/21 89 $103000
4/25/96 80439 300 05 2.75 9434350 Evergreen $40,800.
41 7/25/96 18.00 06 294 1 $162,000.


CA 10.5 2 206920000434351 4601 Odessa  91 $17,671.15 4/30/21 90 $156400
4/30/96 95677 300 05 2.25 9434351 Rocklin $23,600.
43 7/30/96 18.00 02 295 1 $200,000.







<PAGE>
WA 7.25 2 153930000434353 5509 Northwest  91 $47,976.04 4/2/21 90 $95542
5/2/96 98663 299 05 2.75 9434353 Vancouver $48,400.
45 11/2/96 18.00 06 294 1 $160,000.

CA 7.25 2 106910000434355 5404 Amber  81 $89,164.45 4/7/21 80 $649500
5/7/96 91302 299 03 1.50 9434355 Clabasas Area $90,500.
44 11/7/96 18.00 00 294 1 $925,000.


CA 11.5 2 106930000434356 1020 Holly Street 92 $19,726.03 4/6/11 100 $195200
5/6/96 94070 179 05 3.25 9434356 San Carlos $21,700.
39 5/7/96 18.00 02 174 1 $217,000.

CO 11. 2 208930000434357 2036 Lynwood  91 $40,007.69 4/15/11 95 $19435
5/15/96 81005 179 05 2.75 9434357 Pueblo $40,250.
33 8/15/96 18.00 06 174 1 $63,000.


CA 7.25 2 106930000434359 1825 East  91 $49,615.34 4/6/21 95 $272000
5/6/96 91001 299 05 3.75 9434359 Los Angeles $50,000.
38 11/6/96 18.00 06 294 1 $340,000.

CA 10.5 2 106920000434360 4005 Cayente  91 $24,833.92 5/6/21 83 $214000
5/6/96 95864 300 05 2.25 9434360 Sacramento $25,000.
35 8/6/96 18.00 06 295 1 $290,000.


CA 10.5 2 206920000434361 17100 Clemons  91 $31,278.9 4/14/21 90 $252000
5/14/96 91436 299 05 2.25 9434361 Los Angeles $31,500.
42 8/14/96 18.00 00 294 1 $315,000.

CA 11. 2 106920000434362 1250 Calle Las  91 $38,249.64 3/29/21 90 $344600
4/29/96 91360 299 05 2.75 9434362 Thousand Oaks $43,000.
22 7/29/96 18.00 00 293 1 $430,800.


UT 8.75 2 149910000434365 4742 South  81 $30,619.02 3/29/11 80 $207000
4/29/96 84123 179 05 0.50 9434365 Murray $33,000.
39 7/29/96 18.00 06 173 1 $303,000.

CA 12.25 2 206930000434371 7452 Denrock  91 $40,369.85 4/22/21 95 $258901
5/22/96 90045 299 05 4.00 9434371 Los Angeles $49,800.
43 7/1/96 18.00 06 294 1 $325,000.



<PAGE>
CA 12. 2 106930000434372 312 La Salle Road 91 $36,200. 4/16/11 95 $186500
5/16/96 93117 179 01 3.75 9434372 Goleta $36,200.
42 6/30/96 18.00 06 174 1 $234,500.






NV 9.25 2 232910000434373 8925 S Monte  81 $17,224.16 5/24/21 45 $140000
5/24/96 89113 300 05 1.00 9434373 Las Vegas $40,000.
45 8/25/96 18.00 06 295 1 $405,000.

CO 10.25 2 208920000434377 14606 E Hawaii  91 $14,685.36 4/22/21 89 $88195
5/22/96 80012 299 05 2.00 9434377 Aurora $15,000.
21 8/22/96 18.00 06 294 1 $117,000.


CT 9.25 2 209910000434380 170 Everett Road 81 $18,886.75 5/3/11 60 $217000
6/3/96 06612 179 05 1.00 9434380 Easton $50,000.
40 9/2/96 18.00 06 175 1 $450,000.

CA 9.75 2 106910000434384 707 Conifer Ct 81 $36,355.97 5/11/11 65 $207000
5/11/96 96161 180 03 1.50 9434384 Truckee $36,750.
23 8/11/96 18.00 02 175 1 $375,000.


CA 11. 2 106930000434386 5007 Allegheney  91 $54,297.42 4/1/21 85 $436000
4/23/96 90056 299 05 2.75 9434386 Los Angeles $54,500.
38 7/23/96 18.00 06 294 1 $580,000.

CA 9.25 2 106910000434387 8173 Glendale  81 $79,470.83 4/1/21 80 $52485
5/1/96 92345 299 05 1.00 9434387 Hesperia $111,500.
37 8/1/96 18.00 02 294 1 $205,000.


UT 7.25 2 149910000434388 7954 Summer  81 $14,878.33 4/9/21 53 $95419
5/9/96 84098 299 05 0.50 9434388 Park City $15,000.
37 11/9/96 18.00 06 294 1 $210,000.

UT 7.25 2 149920000434390 749 East 500  91 $42,551.9 4/10/21 88 $177580
5/10/96 84032 299 05 3.25 9434390 Heber City $42,900.
37 11/11/96 18.00 06 294 1 $253,000.



<PAGE>
CA 11.5 2 206920000434391 844 South Cardiff  91 $26,111.78 4/9/21 90 $131150
5/9/96 92806 299 05 3.25 9434391 Anaheim $26,250.
28 8/9/96 18.00 00 294 1 $174,900.

AZ 7.25 2 504920000434392 6919 North  91 $49,491.61 3/1/21 90 $535000
4/30/96 85718 298 03 3.25 9434392 Tucson $99,500.
46 10/29/96 18.00 06 293 1 $705,000.


CA 10.5 2 106920000434394 731 Timberpine  91 $33,044.65 5/9/21 88 $316000
5/9/96 94086 300 05 2.25 9434394 Sunnyvale $34,000.
30 8/9/96 18.00 00 295 1 $400,000.






CA 11. 2 106920000434401 44208 Bald  92 $82,473.46 5/5/21 88 $108311
6/5/96 93602 299 05 2.75 9434401 Auberry $83,000.
44 6/30/96 18.00 06 295 1 $218,000.

MI 7.25 2 226920000434402 3205 Parker 90 $18,517.64 5/24/11 90 $93000
5/24/96 48073 180 05 3.25 9434402 Royal Oak $18,600.
35 11/24/96 18.00 06 175 1 $124,000.


CA 11.5 2 106930000434405 17220 Robey  90 $29,878.1 5/14/11 95 $160000
5/14/96 94546 180 05 3.25 9434405 Castro Valley $30,000.
44 8/14/96 18.00 00 175 1 $200,000.

CA 10.25 2 106920000434406 1310 South  91 $43,941.7 5/17/21 90 $207000
5/17/96 90035 300 01 2.00 9434406 Los Angeles $45,000.
29 8/17/96 18.00 06 295 1 $280,000.


CA 10.5 2 106920000434407 855 Hartzell Street 91 $44,555.86 5/17/21 90 $359600
5/17/96 90272 300 05 2.25 9434407 Pacific Palisades  $44,950.
36 8/17/96 18.00 00 295 1 $449,500.

CA 12.5 2 106930000434409 164 Chaparral  91 $51,896. 5/14/11 92 $284000
5/14/96 93924 180 05 4.25 9434409 Carmel Valley $74,000.
48 6/30/96 18.00 02 175 1 $392,000.



<PAGE>
CA 10.25 2 106910000434411 5602 Newana  91 $63,316.79 4/10/11 89 $400760
5/10/96 95405 179 05 2.00 9434411 Santa Rosa $75,000.
38 8/1/96 18.00 02 174 1 $535,000.

CA 10.5 2 206920000434413 2012 Gulfstream  91 $23,658.34 4/2/11 88 $264000
5/2/96 94579 179 05 2.25 9434413 San Leandro $26,000.
34 6/2/96 18.00 02 174 1 $330,000.


CA 11.5 2 106920000434414 338 Pepper  91 $91,910.37 5/10/21 90 $740000
5/10/96 94010 300 05 3.25 9434414 Burlingame $92,500.
45 8/10/96 18.00 00 295 1 $930,000.

CA 12. 2 206930000434415 4336 Park Paloma 91 $57,888.82 5/2/21 95 $310000
5/2/96 91302 300 01 3.75 9434415 Calabasas $58,125.
43 8/2/96 18.00 00 295 1 $387,500.


CA 10.5 2 206920000434417 55 Mallorn Drive 91 $16,967.04 4/14/21 86 $149400
5/14/96 92656 299 05 2.25 9434417 Aliso Viejo $25,000.
28 8/14/96 18.00 06 294 1 $205,000.






FL 10.5 2 212920000434418 3219-21 Sw 25th  91 $29,683.98 5/21/11 85 $109854
5/21/96 33133 180 05 2.25 9434418 Miami $30,000.
21 8/21/96 18.00 06 175 1 $165,000.

CA 9.25 2 206910000434421 2610 East  81 $41,942.06 4/1/11 76 $184080
5/1/96 92667 179 05 1.00 9434421 Orange $50,000.
34 8/1/96 18.00 06 174 1 $310,000.


CA 7.25 2 206930000434423 1134 Santa  91 $49,450.98 5/17/11 95 $191250
5/17/96 92107 180 05 3.75 9434423 San Diego $50,000.
43 11/18/96 18.00 06 175 1 $255,000.

CA 12. 2 206920000434424 5541 Garden Park  91 $21,317.21 4/16/21 90 $100000
5/16/96 95633 299 05 3.75 9434424 Garden Valley $21,500.
25 8/16/96 18.00 06 294 1 $135,000.



<PAGE>
CA 7.25 2 106920000434427 1823 Freda Lane 91 $10.05 3/30/21 90 $155479
4/30/96 92007 299 05 2.50 9434427 San Diego $50,600.
30 10/31/96 18.00 06 294 1 $229,000.

CA 9.5 2 206910000434431 213 Fennel Court 81 $13,352.54 4/16/21 70 $123000
5/16/96 92114 299 05 1.25 9434431 San Diego $13,500.
19 8/16/96 18.00 06 294 1 $195,000.


CA 10.75 2 206920000434435 27016 Indian  91 $32,761.89 4/3/21 90 $264800
5/3/96 90275 299 05 2.50 9434435 Rancho Palos  $33,100.
38 8/3/96 18.00 00 294 1 $332,000.

CA 12. 2 106930000434438 2434 Lobelia  91 $36,000. 4/1/11 95 $192000
5/1/96 93030 179 05 3.75 9434438 Oxnard $36,000.
43 5/1/96 18.00 00 174 1 $240,000.


CA 11. 2 106920000434439 26701 Valpariso 91 $38,322.4 4/1/21 90 $200250
5/1/96 92691 299 05 2.75 9434439 Mission Viejo $40,000.
44 8/1/96 18.00 00 294 1 $267,000.

CA 7.25 2 106920000434440 28035 Ambergate  91 $47,031.17 4/1/21 90 $380000
5/1/96 90275 299 05 2.75 9434440 Rancho Palos  $47,500.
37 11/2/96 18.00 00 294 1 $475,000.


CA 7.25 2 106910000434441 3950 Arbolado  81 $99,030.35 3/30/21 79 $323627
4/30/96 94598 299 03 0.75 9434441 Walnut Creek $100,000.
24 10/31/96 18.00 06 294 1 $537,578.






CA 7.25 2 106930000434442 5551 Red River  91 $30,762.65 5/1/21 90 $139910
4/30/96 92120 300 05 3.25 9434442 San Diego $31,000.
50 12/2/96 18.00 02 295 1 $190,000.

CA 12.5 2 106930000434443 5536 Las  92 $15,197.81 3/15/11 100 $136800
4/15/96 91302 179 01 4.25 9434443 Calabasas $15,200.
47 4/15/96 18.00 06 173 1 $152,000.



<PAGE>
CA 11.5 2 106920000434445 2835 Camellia  91 $25,418.44 3/25/21 85 $127500
4/25/96 91720 299 05 3.25 9434445 Corona $25,500.
49 7/25/96 18.00 06 293 1 $180,000.

CA 11. 2 106920000434449 1578 Calle Las  91 $20,365.94 4/3/21 90 $172500
5/3/96 92084 299 05 2.75 9434449 Vista $34,500.
45 8/3/96 18.00 00 294 1 $230,000.


CA 12. 2 106930000434457 740 Whispering  91 $19,808.07 5/16/11 99 $232240
5/16/96 95066 180 05 3.75 9434457 Scotts Valley $20,000.
49 6/30/96 18.00 06 175 1 $255,000.

OR 11. 2 141920000434461 10661 S.e. 78th  91 $14,902.85 5/10/21 88 $92250
5/10/96 97222 300 05 2.75 9434461 Milwaukie $15,000.
37 8/10/96 18.00 06 295 1 $123,000.


CA 7.25 2 106920000434470 446 Quail Drive 91 $31,329.1 4/9/21 90 $158250
5/9/96 90065 299 05 2.75 9434470 Los Angeles $31,600.
45 11/9/96 18.00 00 294 1 $211,000.

CA 10.75 2 106920000434471 4924 Chateau  91 $21,858.9 4/8/21 88 $127500
5/8/96 92117 299 05 2.50 9434471 San Diego $22,000.
30 8/8/96 18.00 06 294 1 $170,000.


CA 7.25 2 106910000434472 17544  81 $47,346.54 4/17/21 47 $207000
5/17/96 95448 299 05 1.50 9434472 Healdsburg $50,000.
50 11/17/96 18.00 02 294 1 $550,000.

CA 7.25 2 106910000434473 9555 Whellock  81 $35,970.92 4/10/21 80 $112598
5/10/96 92129 299 05 0.75 9434473 San Diego $39,400.
24 11/11/96 18.00 06 294 1 $190,000.


OR 7.25 2 141910000434474 13439 Se  91 $31,198.72 4/16/21 81 $90000
5/15/96 97015 299 05 2.75 9434474 Clackamas $31,500.
41 11/15/96 18.00 02 294 1 $150,000.







<PAGE>
CO 12. 2 108930000434475 2887 South Joslin  91 $47,100. 4/13/11 95 $100000
5/13/96 80227 179 05 3.75 9434475 Denver $47,100.
42 5/13/96 18.00 02 174 1 $155,000.

CA 7.25 2 106920000434478 3630 Ryan Drive 91 $25,755.78 4/21/21 90 $210000
5/21/96 92025 299 05 2.75 9434478 Escondido $26,300.
41 11/21/96 18.00 00 294 1 $263,000.


CA 7.25 2 206920000434483 2965 Flanagan  91 $75,788.47 5/14/21 90 $207000
5/14/96 93063 300 05 3.25 9434483 Simi Valley $76,500.
46 11/15/96 18.00 06 295 1 $315,000.

CA 9.25 2 206920000434496 19791 Horseshoe  81 $98,979.7 5/9/21 80 $208340
5/9/96 90290 300 05 1.00 9434496 Topanga Canyon  $100,000.
31 8/9/96 18.00 06 295 1 $390,000.


CA 7.25 2 206930000434498 525 Van Buren PL 91 $31,704.29 5/10/11 94 $169000
5/10/96 94583 180 05 3.75 9434498 San Ramon $32,100.
44 11/10/96 18.00 00 175 1 $214,000.

CA 10.5 2 106920000434500 1421 South  91 $19,553. 4/15/21 90 $146950
5/15/96 90035 299 05 2.25 9434500 Los Angeles $20,000.
36 8/15/96 18.00 00 294 1 $185,500.


CA 7.25 2 106920000434502 18603 Holmes  91 $32,587.78 4/3/21 82 $168775
5/3/96 90703 299 05 3.25 9434502 Cerritos $60,700.
34 11/3/96 18.00 02 294 1 $280,000.

CA 12. 2 106930000434503 4440 Muir  91 $46,388.96 4/2/11 95 $248000
5/2/96 92107 179 05 3.75 9434503 An Diego $46,500.
45 5/2/96 18.00 02 174 1 $310,000.


CA 7.25 2 106920000434504 3943 Glendridge  91 $27,469.39 3/26/21 88 $168750
4/26/96 91423 299 05 3.25 9434504 Los Angeles $28,000.
46 10/26/96 18.00 00 293 1 $225,000.

CA 7.25 2 106920000434505 1158 Bella Vista  91 $16,460.69 4/1/21 90 $157500
5/1/96 91107 299 05 2.75 9434505 Pasadena $31,500.
41 11/1/96 18.00 06 294 1 $210,000.



<PAGE>
CA 11.5 2 106920000434506 557 South  91 $52,127.91 3/24/21 90 $423200
4/24/96 90277 299 05 3.25 9434506 Redondo Beach $52,500.
46 7/24/96 18.00 00 293 1 $529,000.






CA 7.25 2 106920000434508 5521 Diversey  91 $42,036.84 4/7/21 90 $340800
5/7/96 90275 299 05 2.75 9434508 Rancho Palos  $42,600.
32 11/7/96 18.00 06 294 1 $426,000.

CA 12. 2 106930000434509 1786 Queens Way 91 $24,656.11 4/6/11 95 $214900
5/6/96 92084 179 05 3.75 9434509 Vista $25,000.
44 5/6/96 18.00 06 174 1 $255,000.


CA 11.5 2 106920000434511 2124 West Palm  91 $22,718.48 4/3/21 90 $130019
5/3/96 92668 299 05 3.25 9434511 Orange $22,900.
44 8/3/96 18.00 06 294 1 $170,000.

CA 7.25 2 106910000434512 5648 Bergamo  81 $2,757.66 4/1/21 80 $383000
5/1/96 95118 299 05 1.00 9434512 San Jose $13,000.
38 11/1/96 18.00 06 294 1 $495,000.


CA 12.5 2 106930000434513 842 Seabury  91 $25,700. 4/6/11 95 $137200
5/6/96 95136 179 01 4.25 9434513 San Jose $25,700.
36 5/6/96 18.00 00 174 1 $171,500.

CA 12.5 2 106920000434514 20675 View Oak  91 $98,920.45 4/7/11 83 $580000
5/7/96 95120 179 05 4.25 9434514 San Jose $100,000.
48 5/7/96 18.00 02 174 1 $820,000.


CA 7.25 2 106920000434515 1188 Peralta Road 91 $20,527.65 4/1/21 90 $165600
5/1/96 94044 299 05 3.25 9434515 Pacifica $20,700.
50 11/1/96 18.00 02 294 1 $207,000.

CA 10.5 2 206930000434516 3349 Wellesly  91 $35,679.74 5/22/11 89 $187500
5/22/96 92122 180 05 2.25 9434516 San Diego $37,500.
41 5/22/96 18.00 00 175 1 $255,000.



<PAGE>
CA 10.5 2 106920000434517 901 North G  91 $23,762.45 5/10/21 90 $174000
5/10/96 93030 300 05 2.25 9434517 Oxnard $24,000.
37 8/10/96 18.00 02 295 1 $220,000.

CA 7.25 2 106920000434518 2543 Timber  91 $38,721.19 4/13/21 90 $195450
5/13/96 93030 299 05 2.25 9434518 Oxnard $39,100.
19 11/13/96 18.00 06 294 1 $260,654.


CA 7.25 2 106910000434519 4103 Elmer  81 $23,577.47 4/17/21 45 $73047
5/17/96 91602 299 05 0.50 9434519 Studio City $25,000.
25 11/17/96 18.00 02 294 1 $220,000.






CA 12. 2 206930000434523 2040 N Avenida  92 $5,356.15 4/30/11 100 $70400
5/31/96 93063 179 01 3.75 9434523 Simi Valley $17,000.
45 5/31/96 18.00 01 175 1 $88,000.

CA 9.75 2 206910000434524 1653 6th Street 81 $28,961.27 4/30/21 71 $480000
5/30/96 90266 299 05 1.50 9434524 Manhattan Beach $45,000.
48 8/30/96 18.00 01 295 1 $740,000.


CA 10.5 2 206930000434525 7772 Barn  91 $16,809.81 4/29/21 90 $240324
5/29/96 94568 299 05 2.25 9434525 Dublin $34,000.
27 8/29/96 18.00 06 294 1 $305,000.

CA 11. 2 206910000434527 9951 El Dorado  81 $19,700.1 4/29/21 80 $78774
5/29/96 91331 299 05 2.75 9434527 Los Angeles $20,000.
46 8/29/96 18.00 06 294 1 $125,000.


CA 10.5 2 206920000434528 1108 Rancho  91 $24,749.76 4/10/21 85 $375000
5/10/96 93023 299 05 2.25 9434528 Ojai $25,000.
38 8/10/96 18.00 06 294 1 $475,000.

CA 11.5 2 106920000434529 5836 Arboles  91 $63,427.35 4/17/21 88 $207000
5/17/96 92120 299 05 3.25 9434529 San Diego $64,000.
41 8/17/96 18.00 02 294 1 $310,000.



<PAGE>
CO 12.5 2 208930000434530 6915 Sullivan  92 $55,439. 4/14/11 100 $65550
5/14/96 80911 179 05 4.25 9434530 Colorado Springs $55,439.
47 5/14/96 18.00 02 174 1 $121,000.

CO 8.5 2 208910000434531 9165 West  81 $39,546. 4/17/21 79 $115000
5/13/96 80123 299 05 0.25 9434531 Littleton $50,000.
28 8/17/96 18.00 02 294 1 $210,000.


CA 10.5 2 206910000434533 2568 Tapestry  91 $29,312.05 4/21/21 90 $236800
5/21/96 94566 299 03 2.25 9434533 Pleasanton $29,600.
42 8/21/96 18.00 00 294 1 $296,000.

CA 11.5 2 206930000434537 3912 Coral Place 91 $65,041.05 5/16/11 90 $525700
5/16/96 91302 180 03 3.25 9434537 Calabasas $65,700.
48 8/16/96 18.00 00 175 1 $657,137.


CA 12. 2 106930000434538 5232 Tapestry  91 $37,515.67 5/22/11 95 $201900
5/22/96 94585 180 05 3.75 9434538 Fairfield $37,800.
50 8/22/96 18.00 06 175 1 $252,400.






CA 7.25 2 106920000434540 35 Olema Road 91 $30,242.34 5/7/21 90 $187500
5/7/96 94930 300 05 2.25 9434540 Fairfax $37,500.
39 11/7/96 18.00 00 295 1 $250,000.

ID 12.5 2 116930000434541 1031 Cherry Hill  91 $20,500. 5/15/11 94 $94997
5/15/96 83333 180 05 4.25 9434541 Hailey $20,500.
42 6/30/96 18.00 06 175 1 $124,000.


WA 12.5 2 253930000434542 6803 Northeast  91 $14,556.17 4/7/11 95 $136271
5/7/96 98011 179 05 4.25 9434542 Bothell $14,750.
48 8/7/96 18.00 06 174 1 $159,000.

OR 11.5 2 241920000434543 410 Jefferson  91 $26,956.08 4/16/21 90 $137250
5/16/96 97045 299 05 3.25 9434543 Oregon City $27,200.
49 8/16/96 18.00 06 294 1 $183,000.



<PAGE>
CA 11.5 2 106920000434546 42 Glen Drive 91 $99,262.08 6/8/21 89 $543750
5/8/96 94941 301 05 3.25 9434546 Mill Valley $100,000.
47 8/8/96 18.00 00 296 1 $725,000.

CA 12. 2 106910000434547 7102 Prospect  91 $27,946.2 5/1/11 95 $138000
5/13/96 90201 179 05 3.75 9434547 Bell $28,200.
39 8/1/96 18.00 02 175 1 $175,000.


CA 8.75 2 106910000434550 617 Orchid  81 $27,110.46 5/1/21 80 $412600
5/14/96 92625 299 05 0.50 9434550 Newport Beach $27,400.
42 8/14/96 18.00 00 295 1 $550,000.

FL 11.25 2 212920000434551 2424 Sugar Loaf  91 $12,305.33 5/15/21 86 $148486
5/15/96 33312 300 05 3.00 9434551 Fort Lauderdale $25,000.
23 8/15/96 18.00 06 295 1 $203,000.


UT 11.5 2 149930000434553 10094 North Oak  92 $19,548.06 5/14/11 100 $113911
5/14/96 84062 180 05 3.25 9434553 Cedar Hills $38,000.
32 6/30/96 18.00 06 175 1 $152,000.

CA 11. 2 106920000434554 18671 Medicus  91 $25,689.68 5/17/21 86 $185250
5/17/96 95014 300 05 2.75 9434554 Cupertino $26,000.
40 8/17/96 18.00 06 295 1 $247,000.


CA 10.5 2 206920000434555 1162 Fargate  91 $48,487.99 4/21/21 90 $171500
5/21/96 95131 299 05 2.25 9434555 San Jose $49,000.
44 8/21/96 18.00 00 294 1 $245,000.






FL 12. 2 212930000434556 4203 West  91 $29,230.07 5/20/11 95 $131829
5/20/96 33026 180 03 3.75 9434556 Cooper City $29,500.
42 8/20/96 18.00 06 175 1 $170,000.

OR 7.25 2 241910000434558 15295 Southwest  90 $50,000. 5/20/11 93 $166799
5/20/96 97007 180 05 4.25 9434558 Beaverton $50,000.
50 11/20/96 18.00 02 175 1 $234,000.



<PAGE>
HI 11.5 2 115920000434559 150 Kailua Road 91 $42,247.37 5/16/21 84 $431250
5/16/96 96734 300 05 3.25 9434559 Kailua $50,000.
36 8/16/96 18.00 06 295 1 $575,000.

CA 10.5 2 206920000434561 21986 Poppyfield  91 $39,383.49 4/23/21 90 $199150
5/23/96 93908 299 03 2.25 9434561 Salinas $39,800.
37 8/23/96 18.00 00 294 1 $265,538.


CA 10.5 2 106920000434562 16655 Jamison  91 $28,720.51 4/20/21 81 $306011
5/20/96 95006 299 05 2.25 9434562 Boulder Creek $40,000.
34 8/20/96 18.00 06 294 1 $430,000.

CA 11.5 2 106920000434563 207 Bordeaux  91 $31,639.57 4/16/21 86 $283353
5/16/96 95066 299 05 3.25 9434563 Scotts Valley $32,000.
47 8/16/96 18.00 06 294 1 $369,000.


CA 7.25 2 206910000434565 150 Warren Road 81 $49,501.95 5/7/11 79 $513000
5/7/96 94401 180 05 2.00 9434565 San Mateo $50,000.
44 11/7/96 18.00 02 175 1 $715,000.

UT 7.25 2 249930000434566 3134 South 7200  91 $16,803.7 4/14/11 94 $67500
5/14/96 84044 179 05 3.75 9434566 Magna $17,000.
40 11/14/96 18.00 06 174 1 $90,000.


CA 9.75 2 106920000434567 600-602  81 $99,278.54 5/10/21 79 $189000
5/10/96 94941 300 05 1.50 9434567 Mill Valley $100,000.
46 8/11/96 18.00 01 295 1 $370,000.

CA 10.5 2 106920000434569 484 Hillside Dr 92 $44,837.91 5/15/21 84 $139865
6/15/96 95006 299 05 2.25 9434569 Boulder Creek $45,000.
38 6/30/96 18.00 06 295 1 $222,000.


CA 7.25 2 106930000434571 27617 Weston  91 $35,134.21 4/20/11 95 $193550
5/20/96 91354 179 03 3.75 9434571 Valencia (area) $36,250.
31 11/20/96 18.00 00 174 1 $243,000.







<PAGE>
CA 7.25 2 206920000434572 8011 Fareholm  91 $19,759.26 4/29/21 85 $350000
5/29/96 90046 299 05 2.25 9434572 Los Angeles $20,000.
19 11/29/96 18.00 06 294 1 $440,000.

UT 11.5 2 149930000434573 2566 East 200  91 $40,181.35 5/23/11 95 $161120
5/23/96 84040 180 05 3.25 9434573 Layton $40,200.
36 5/23/96 18.00 03 175 1 $212,000.


CA 7.25 2 206910000434574 3120 Navion  81 $22,873.8 5/14/11 45 $115000
5/14/96 95682 180 05 1.50 9434574 Cameron Park $23,000.
47 11/14/96 18.00 02 175 1 $310,000.

CA 11. 2 106920000434576 909 Rancho Way 91 $21,849.76 4/9/21 90 $184000
5/1/96 94954 299 05 2.75 9434576 Petaluma $23,000.
43 8/9/96 18.00 06 294 1 $230,000.


CA 11. 2 106920000434578 1191 Providence  91 $10,869.54 4/14/21 90 $182000
5/14/96 95376 299 05 2.75 9434578 Tracy $11,000.
40 8/14/96 18.00 06 294 1 $215,000.

CA 11.5 2 106930000434581 2246 Sunlit Ann  91 $35,161.25 4/1/21 98 $194231
5/23/96 95403 298 05 3.25 9434581 Santa Rosa $35,400.
38 8/23/96 18.00 00 294 1 $236,000.


CA 10.5 2 106920000434586 319 Loyola Drive 91 $16,331.6 5/17/21 85 $264000
5/17/96 95003 300 05 2.25 9434586 Aptos $16,500.
46 8/17/96 18.00 00 295 1 $330,000.

CA 10.75 2 106920000434587 499 Ebken Street 91 $31,105.18 5/21/21 89 $175500
5/21/96 94044 300 05 2.50 9434587 Pacifica $31,500.
40 8/21/96 18.00 00 295 1 $234,000.


CA 8.75 2 106910000434589 3602 Deedham  81 $23,618.94 4/23/21 80 $207000
5/23/96 95148 299 05 0.50 9434589 San Jose $33,000.
38 8/23/96 18.00 00 294 1 $300,000.

CA 12. 2 106930000434591 263 Country Club  91 $39,445.7 4/17/11 95 $321400
5/17/96 93924 179 05 3.75 9434591 Carmel Valley $39,600.
44 8/17/96 18.00 06 174 1 $380,000.



<PAGE>
CA 12. 2 106930000434593 38 Bowker Road 91 $49,475.08 4/23/11 91 $181600
5/23/96 95019 179 05 3.75 9434593 Freedom $50,000.
43 8/23/96 18.00 02 174 1 $256,000.






CA 11.5 2 106920000434596 32 Aries Lane 91 $41,373.17 5/28/21 90 $103000
5/28/96 94947 300 07 3.25 9434596 Novato $41,900.
47 8/28/96 18.00 06 295 1 $161,000.

CA 12. 2 206930000434598 18 Esquina Drive 90 $16,685.23 4/30/11 95 $149000
5/30/96 94134 179 07 3.75 9434598 San Francisco $17,000.
36 8/30/96 18.00 06 175 1 $175,000.


CA 7.25 2 206930000434599 3335 Evergreen  91 $41,008.19 5/21/11 95 $221200
5/21/96 91902 180 05 3.25 9434599 Bonita $41,475.
50 11/21/96 18.00 00 175 1 $276,500.

CA 7.25 2 106920000434600 8103 McKim  91 $59,830.45 4/21/21 90 $484000
5/21/96 90046 299 05 2.75 9434600 Los Angeles $60,500.
26 11/21/96 18.00 01 294 1 $605,000.


CA 7.25 2 106910000434604 647 Sunset Way 91 $87,070.75 4/9/21 90 $704000
5/9/96 94062 299 05 2.75 9434604 Redwood City $88,000.
18 11/9/96 18.00 00 294 1 $880,000.

CA 7.25 2 206910000434605 4505 U Street 81 $49,128.32 5/16/11 80 $49106
5/16/96 95817 180 05 0.50 9434605 Sacramento $50,000.
15 11/16/96 18.00 06 175 1 $125,000.


CA 11.5 2 106920000434606 2653 West  91 $22,637.33 4/23/21 90 $114750
5/23/96 92804 299 05 3.25 9434606 Anaheim $22,950.
45 8/23/96 18.00 06 294 1 $153,000.

CA 7.25 2 206910000434607 9 Commodore  81 $29,507.8 5/23/21 79 $134666
5/23/96 94608 300 01 0.25 9434607 Emeryville $30,000.
29 11/23/96 18.00 06 295 1 $210,000.



<PAGE>
CA 11.5 2 106920000434608 5207 London  91 $42,058.83 4/21/21 85 $210328
5/21/96 91737 299 05 3.25 9434608 Rancho  $42,500.
50 8/21/96 18.00 02 294 1 $300,000.

WA 12.5 2 153930000434610 3419 East Gordon  92 $11,090.67 4/17/11 100 $78900
5/17/96 99207 179 05 4.25 9434610 Spokane $11,100.
48 5/17/96 18.00 02 174 1 $90,000.


CA 7.25 2 106910000434611 2291 Marco Drive 81 $24,743.23 4/20/21 30 $20580
5/20/96 93010 299 05 1.00 9434611 Camarillo $25,000.
37 11/20/96 18.00 06 294 1 $155,000.






CA 11. 2 106920000434616 15641 Harte Lane 91 $28,440.56 4/14/21 90 $227900
5/14/96 93021 299 03 2.75 9434616 Moorpark $28,500.
40 8/14/96 18.00 00 294 1 $284,900.

CA 11.5 2 106920000434618 1351 Gates  91 $40,424.67 4/28/21 90 $327200
5/28/96 90266 299 05 3.25 9434618 Manhattan Beach $40,900.
47 8/28/96 18.00 00 294 1 $409,000.


CA 7.25 2 106910000434619 30073 Avenida  81 $98,853.73 4/6/11 80 $579398
5/6/96 90275 179 05 1.00 9434619 Rancho Palos  $100,000.
45 11/6/96 18.00 06 174 1 $850,000.

WA 11. 2 153920000434620 5436 21st Avenue  91 $17,802.78 4/22/21 90 $98173
5/22/96 98106 299 05 2.75 9434620 Seattle $29,500.
34 8/22/96 18.00 06 294 1 $142,000.


CA 10.75 2 206920000434621 5033 Range  91 $57,438.7 5/9/21 90 $464000
5/9/96 90274 300 05 2.50 9434621 Rolling Hills  $58,000.
24 8/9/96 18.00 00 295 1 $580,000.

CA 11.5 2 206920000434622 2393 Pacer Drive 91 $44,529.87 4/20/21 90 $202061
5/20/96 91760 299 05 3.25 9434622 Norco $45,000.
36 8/20/96 18.00 06 294 1 $275,000.



<PAGE>
CA 11. 2 106920000434624 3637 Tierra De  91 $71,500. 4/23/21 90 $545000
5/23/96 92025 299 05 2.75 9434624 Escondido $71,500.
37 8/23/96 18.00 01 294 1 $685,000.

CA 9.25 2 106910000434625 144 Sunnyside  81 $48,986.38 4/13/21 71 $403504
5/13/96 94941 299 05 1.00 9434625 Mill Valley $49,000.
44 8/13/96 18.00 02 294 1 $640,000.


CA 7.25 2 106920000434627 100 Burlwood  91 $27,095.49 4/14/21 90 $218000
5/14/96 94127 299 05 2.75 9434627 San Francisco $27,200.
37 11/14/96 18.00 06 294 1 $272,500.

CA 9.25 2 106910000434629 3443 Warm  81 $240,932.43 5/9/11 33 $207000
5/9/96 95442 180 05 1.00 9434629 Glen Ellen $243,000.
15 9/19/96 18.00 01 175 1 $1,400,000.


CA 11. 2 106920000434630 5353 Carol  91 $21,826.87 4/7/21 90 $196100
5/7/96 91701 299 05 2.75 9434630 Rancho  $26,250.
41 8/7/96 18.00 06 294 1 $247,500.






CA 11. 2 106920000434632 2501 Coronet  91 $34,516.43 5/17/21 90 $276800
5/17/96 94002 300 05 2.75 9434632 Belmont $34,600.
37 8/17/96 18.00 06 295 1 $346,000.

CA 11.5 2 206920000434634 1203 Cherry  91 $47,154.56 5/24/21 90 $378400
5/24/96 95125 300 05 3.25 9434634 San Jose $47,300.
35 8/24/96 18.00 00 295 1 $473,500.


WA 9.5 2 153910000434635 3242 62nd  81 $44,823.34 4/30/11 43 $28612
5/30/96 98116 179 05 1.25 9434635 Seattle $45,000.
41 8/30/96 18.00 06 175 1 $172,000.

FL 7.25 2 212920000434637 8039 Solitaire  90 $34,698.66 5/31/11 90 $173550
5/31/96 32836 180 03 2.75 9434637 Orlando $34,700.
47 11/30/96 18.00 00 176 1 $231,402.65



<PAGE>
CA 7.25 2 106920000434641 851 Van Dyke  91 $48,374.61 5/3/21 90 $392000
6/3/96 92651 299 05 2.75 9434641 Laguna Beach $49,000.
49 12/3/96 18.00 00 295 1 $490,000.

CA 7.25 2 206920000434642 11 Brooktree  91 $49,397.88 5/28/21 81 $581621
5/28/96 94526 300 03 2.75 9434642 Danville $50,000.
35 11/28/96 18.00 03 295 1 $780,000.


CA 9.25 2 206910000434644 328 Kipling Street 81 $117,920.58 5/28/21 80 $143610
5/28/96 94301 300 05 1.00 9434644 Palo Alto $194,000.
42 8/28/96 18.00 06 295 1 $422,000.

CA 11. 2 106920000434646 186 South  91 $21,710.76 5/23/21 90 $460000
5/23/96 90049 300 05 2.75 9434646 Los Angeles $57,500.
28 8/23/96 18.00 06 295 1 $575,000.


CA 11.5 2 106910000434647 18 Cavalier Court 81 $14,808.01 4/22/11 80 $229500
5/22/96 92677 179 01 3.25 9434647 Laguna Niguel $15,300.
40 8/22/96 18.00 00 174 1 $306,000.

CA 11. 2 106920000434649 594 Baxter  91 $47,354.85 6/3/11 83 $125787
6/3/96 95476 180 05 2.75 9434649 Sonoma $48,000.
50 9/3/96 18.00 02 176 1 $210,000.


CA 11.5 2 106930000434651 6022 Gypsy Moth  92 $45,408.73 4/16/11 100 $202585
5/16/96 95123 179 03 3.25 9434651 San Jose $46,081.
26 6/30/96 18.00 06 174 1 $250,000.






CA 12. 2 106930000434652 3063 Vaughan  91 $32,865.91 5/1/11 95 $123660
5/31/96 93933 179 05 3.75 9434652 Marina $33,000.
41 8/31/96 18.00 02 175 1 $165,000.

CA 12. 2 206930000434653 1465 Mural Drive 91 $39,963.93 4/22/21 94 $170000
5/22/96 91711 299 05 3.75 9434653 Claremont $42,000.
41 8/22/96 18.00 02 294 1 $226,000.



<PAGE>
CA 10.5 2 106920000434655 1330 Elm Street 91 $31,053.75 6/3/21 90 $157500
6/3/96 94530 300 05 2.25 9434655 El Cerrito $31,500.
40 9/3/96 18.00 02 296 1 $210,000.

OR 12. 2 241930000434656 19860  91 $62,700. 4/24/11 98 $199000
5/24/96 97702 179 05 3.75 9434656 Bend $62,700.
34 5/24/96 18.00 06 174 1 $268,000.


CO 7.25 2 208920000434659 802 Spyglass  91 $4,929.79 6/1/21 90 $177000
6/27/96 80027 299 05 2.00 9434659 Louisville $22,000.
21 12/27/96 18.00 06 296 1 $222,000.

CA 7.25 2 206920000434661 627 7th Street 91 $48,791.55 5/6/21 90 $412000
6/6/96 90402 299 05 2.25 9434661 Santa Monica $50,000.
31 12/6/96 18.00 00 295 1 $515,000.


CA 10.5 2 106920000434662 4318 Beverly  91 $16,412.18 5/28/21 85 $267900
5/28/96 93455 300 03 2.25 9434662 Santa Maria $16,700.
32 8/28/96 18.00 00 295 1 $334,900.

CA 11. 2 106920000434663 621 W. Fletcher  91 $24,649.69 6/5/21 86 $116034
6/5/96 92665 300 01 2.75 9434663 Orange $25,000.
47 9/5/96 18.00 02 296 1 $165,000.


CA 7.25 2 106930000434665 5314 Lakespring  91 $35,363.59 4/10/11 95 $159208
5/10/96 94561 179 05 3.75 9434665 Oakley $35,500.
31 11/10/96 18.00 06 174 1 $205,000.

CA 7.25 2 106920000434666 20510 Via Burgos 91 $44,993.23 5/7/21 90 $371200
6/7/96 92686 299 03 2.25 9434666 Yorba Linda $46,400.
21 12/7/96 18.00 00 295 1 $465,000.


CA 9.25 2 106910000434667 1121 East Walnut  81 $27,830.82 6/5/21 80 $95464
6/5/96 91790 300 05 1.00 9434667 West Covina $55,700.
45 9/5/96 18.00 06 296 1 $189,000.







<PAGE>
UT 7.25 2 149910000434668 737 North  91 $40,349.83 5/1/11 95 $67000
6/1/96 84041 179 05 3.75 9434668 Layton $40,350.
36 12/1/96 18.00 02 175 1 $113,000.

CA 12. 2 106930000434670 14 Narbonne 91 $97,572.4 5/4/11 92 $1000000
6/4/96 92660 179 03 3.75 9434670 Newport Beach $100,000.
38 9/4/96 18.00 06 175 1 $1,200,000.


UT 12. 2 149920000434672 5617 South Diane  91 $55,700. 5/20/21 84 $61045
5/20/96 84123 300 05 3.75 9434672 Murray $55,700.
49 6/30/96 18.00 06 295 1 $140,000.

PA 10.25 2 142920000434675 202 Wecaf Road 92 $14,287.14 5/20/21 84 $60336
6/20/96 17557 299 05 2.00 9434675 New Holland $15,000.
25 6/30/96 18.00 06 295 1 $90,750.


UT 11.5 2 149920000434676 84 West 620  91 $50,974.75 5/11/21 90 $416000
6/11/96 84058 299 05 3.25 9434676 Orem $52,000.
45 9/11/96 18.00 06 295 1 $520,000.

CA 7.25 2 106920000434677 1501 5th Street 91 $29,215.16 4/23/11 90 $244800
5/23/96 90266 179 05 2.25 9434677 Manhattan Beach $30,600.
39 11/23/96 18.00 00 174 1 $306,000.


CA 11. 2 106920000434678 1932 Rochelle  91 $51,518.07 6/7/21 85 $207000
6/7/96 ****** 300 05 2.75 9434678 Irvine $52,250.
33 9/7/96 18.00 00 296 1 $305,000.

CA 10.5 2 106930000434679 2926 North  91 $34,353.07 6/4/21 90 $185626
6/4/96 91711 300 05 2.25 9434679 Claremont $34,850.
40 9/4/96 18.00 06 296 1 $245,000.


CA 7.25 2 106910000434680 24101 Windward  81 $80,669.52 6/7/21 80 $141648
6/7/96 92629 300 09 1.00 9434680 Dana Point $98,350.
35 11/8/96 18.00 06 296 1 $300,000.

UT 7.25 2 149910000434681 4788 South Alicia  80 $26,362.12 5/7/11 72 $198832
6/7/96 84107 179 03 1.50 9434681 Murray $36,500.
45 12/7/96 18.00 06 175 1 $328,000.



<PAGE>
UT 9.5 2 249910000434682 1002 South 800  81 $38,831.28 6/3/11 71 $68811
6/3/96 84102 180 05 1.25 9434682 Salt Lake City $50,000.
40 9/3/96 18.00 03 176 1 $169,500.






CA 7.25 2 206920000434683 13863 Davenport  91 $22,665.39 6/4/21 90 $182400
6/4/96 92129 300 05 2.25 9434683 San Diego $22,800.
29 12/4/96 18.00 00 296 1 $228,000.

HI 11.5 2 115920000434684 44 102 Keaalau  91 $51,045.66 6/7/21 90 $414400
6/7/96 96744 300 05 3.25 9434684 Kaneohe $51,800.
50 9/7/96 18.00 00 296 1 $520,000.


CA 11. 2 106920000434685 420 Daisyfield  91 $40,103.96 6/10/11 90 $201350
6/10/96 94550 180 05 2.75 9434685 Livermore $40,300.
49 9/10/96 18.00 00 176 1 $270,000.

CA 12. 2 106930000434686 620-624 Curtin  91 $41,242.39 5/10/11 95 $220000
5/10/96 95476 180 05 3.75 9434686 Sonoma $41,250.
47 8/10/96 18.00 06 175 1 $275,000.


CA 7.25 2 106920000434687 3270 Rim Rock  81 $59,233.94 4/30/21 77 $548939
5/30/96 92024 299 03 0.75 9434687 Encinitas $100,000.
28 11/30/96 18.00 06 295 1 $850,000.

CA 11. 2 106920000434688 622 8th Street 91 $29,893.01 5/5/21 90 $242400
6/5/96 90254 299 05 2.75 9434688 Hermosa Beach $30,300.
33 9/5/96 18.00 00 295 1 $303,000.


CA 7.25 2 106920000434689 507 Avenida  91 $36,207.33 5/3/21 90 $183750
6/3/96 92672 299 05 2.75 9434689 San Clemente $36,700.
43 12/3/96 18.00 06 295 1 $245,000.

CA 7.25 2 106910000434690 6051 North Reno  81 $24,903.94 4/8/21 69 $181371
5/8/96 91780 299 05 1.00 9434690 Temple City $25,000.
39 11/8/96 18.00 06 294 1 $300,000.



<PAGE>
CA 7.25 2 106920000434691 726 Montrose  91 $89,779.58 5/3/21 90 $368000
6/3/96 94303 299 05 2.75 9434691 Palo Alto $91,000.
40 12/3/96 18.00 06 295 1 $510,000.

WA 8.5 1 253910000434693 18429 46th Place  81 $24,902.55 4/28/21 17 $0
5/28/96 98037 299 05 0.25 9434693 Lynnwood $25,000.
25 8/28/96 18.00 06 294 1 $148,000.


CA 11. 2 106920000434698 5507 Fairgrange  91 $25,560.53 5/3/21 90 $284000
6/3/96 91301 299 05 2.75 9434698 Agoura Hills $35,000.
44 9/3/96 18.00 02 295 1 $355,000.






CA 11.5 2 106920000434699 9842 Petunia  91 $21,359.28 5/3/11 82 $220497
6/3/96 92708 179 05 3.25 9434699 Fountain Valley $24,300.
41 7/31/96 18.00 06 175 1 $300,000.

CA 7.25 2 106930000434702 45405 Via Jaca 91 $29,683.74 5/17/11 95 $162000
6/7/96 92592 179 03 3.25 9434702 Temecula $30,300.
31 12/17/96 18.00 00 175 1 $203,577.


CA 7.25 2 106920000434704 17400 Index  91 $27,562.89 5/4/11 90 $196847
6/4/96 91344 179 05 2.75 9434704 Granada Hills  $28,000.
50 12/4/96 18.00 06 175 1 $250,000.

CA 10.25 2 106910000434707 1304 B Street 81 $16,002.18 5/5/21 76 $60000
6/5/96 95501 299 05 2.00 9434707 Eureka $25,000.
44 9/5/96 18.00 06 295 1 $112,000.


CA 12. 2 106930000434708 1983 Lavonne  91 $19,709.14 5/7/11 95 $101767
6/7/96 95116 179 05 3.75 9434708 San Jose $44,500.
43 9/7/96 18.00 06 175 1 $154,000.

UT 8.5 2 149910000434709 1242 Suth 760  81 $19,795.52 5/28/11 59 $46983
5/28/96 84601 180 05 0.25 9434709 Provo $20,000.
21 6/30/96 18.00 06 175 1 $114,000.



<PAGE>
CA 11. 2 206910000434711 2158 Hillside  91 $26,310.24 6/4/11 90 $142500
6/4/96 94596 180 05 2.75 9434711 Walnut Creek $28,500.
46 9/4/96 18.00 06 176 1 $190,000.

FL 7.25 2 112920000434713 9211 Sw 71st  91 $44,153.37 4/12/21 90 $151241
4/12/96 33173 300 05 3.75 9434713 Miami $46,700.
48 10/12/96 18.00 06 294 1 $220,000.


FL 7.25 2 112910000434714 135 Columbus DR 81 $10,407.46 4/29/11 56 $188000
4/29/96 33030 180 05 1.00 9434714 Lower  $50,000.
43 10/29/96 18.00 06 174 1 $425,000.

CA 7.25 2 206910000434719 3661 Winding  81 $79,008.65 4/20/21 69 $594000
5/20/96 95825 299 05 1.50 9434719 Sacramento $80,000.
50 11/20/96 18.00 06 294 1 $990,000.


CA 10.5 2 106920000434720 3315 Hamblen  92 $49,777.08 5/24/21 90 $129987
6/24/96 95614 299 05 2.25 9434720 Cool $50,000.
38 6/30/96 18.00 06 295 1 $200,000.






CA 11.5 2 106930000434724 690 Primrose  92 $31,992.55 6/10/11 100 $294000
6/10/96 94510 180 05 3.25 9434724 Benicia $36,000.
39 6/30/96 18.00 06 176 1 $330,000.

CA 11. 2 106920000434725 24 Olympic Oaks  90 $55,712.18 6/13/11 90 $446400
6/13/96 94549 180 03 2.75 9434725 Lafayette $55,800.
41 9/13/96 18.00 00 176 1 $558,000.


WA 9.25 2 153910000434726 211 Rome Road 81 $49,756.45 5/7/11 54 $207000
6/7/96 98942 179 05 1.00 9434726 Selah $50,000.
50 9/7/96 18.00 06 175 1 $480,000.

CA 11.5 2 106920000434727 594 Alexis Circle 91 $24,979.8 6/13/21 90 $212700
6/13/96 94014 300 05 3.25 9434727 Daly City $25,000.
45 9/13/96 18.00 00 296 1 $265,900.



<PAGE>
CA 9. 2 106910000434731 4986 Old  81 $152,737.03 6/7/21 80 $20442
6/7/96 95403 300 05 0.75 9434731 Santa Rosa $179,500.
30 9/7/96 18.00 06 296 1 $250,000.

CA 11.5 2 106920000434732 743 Tamarack  91 $30,650.91 6/12/21 90 $248000
6/12/96 94903 300 05 3.25 9434732 San Rafael $31,000.
32 9/12/96 18.00 00 296 1 $310,000.


CA 7.25 2 106920000434733 1055 La Mirada  91 $32,314.72 5/12/21 90 $260000
6/12/96 92651 299 05 2.25 9434733 Laguna Beach $32,500.
32 12/12/96 18.00 00 295 1 $325,000.

CA 7.25 2 106920000434734 1557 19th Street 91 $60,139.87 5/11/21 89 $309000
6/11/96 90266 299 05 2.75 9434734 Manhattan Beach $80,000.
37 12/11/96 18.00 06 295 1 $440,000.


CA 7.25 2 106920000434736 145 Maple Road 91 $13,786.09 5/1/11 85 $192578
6/1/96 91320 179 05 2.25 9434736 Newbury Park $14,000.
34 12/1/96 18.00 06 175 1 $245,000.

CA 9.75 2 206910000434740 16314 Sally Lane 81 $32,851.89 5/31/21 80 $207000
5/31/96 92504 300 05 1.50 9434740 Riverside $33,000.
50 8/31/96 18.00 06 296 1 $300,000.


CA 10.5 2 206910000434742 1911 La Mesa  81 $66,250.51 5/29/11 36 $617500
5/29/96 90402 180 05 2.25 9434742 Santa Monica $100,000.
45 8/29/96 18.00 06 175 1 $2,000,000.






CA 11.5 2 106930000434743 971 Juliet Avenue 91 $49,689.07 6/19/11 95 $276000
6/19/96 95127 180 05 3.25 9434743 San Jose $50,000.
42 9/19/96 18.00 00 176 1 $345,000.

AR 12. 2 105930000434744 3439 East  91 $22,062.52 5/13/11 95 $83250
6/13/96 85032 179 05 3.75 9434744 Phoenix $22,200.
40 9/13/96 18.00 06 175 1 $111,000.



<PAGE>
CA 11.5 2 106930000434745 6170 North Hazel  92 $22,268.79 5/7/11 100 $122600
6/7/96 93711 179 05 3.25 9434745 Fresno $22,400.
36 6/17/96 18.00 02 175 1 $145,000.

CA 10.25 2 106920000434746 96 Lewes Court 91 $20,600.26 5/11/21 86 $336000
6/11/96 94583 299 03 2.00 9434746 San Ramon $21,500.
24 9/11/96 18.00 06 295 1 $420,000.


CA 10.5 2 106920000434747 3 Muirfield 91 $33,815.22 5/7/21 90 $270389
6/7/96 92679 299 03 2.25 9434747 Dove Canyon $34,000.
44 9/7/96 18.00 06 295 1 $340,000.

CA 10.5 2 106920000434748 55 Maryland  91 $6,027.3 5/12/21 88 $294000
6/12/96 94707 299 05 2.25 9434748 Berkeley $40,000.
42 9/12/96 18.00 06 295 1 $380,000.


FL 7.25 2 212930000434751 1325 Patricia  91 $27,750.58 6/13/11 95 $67786
6/13/96 34744 180 05 3.75 9434751 Kissimmee $27,900.
38 12/13/96 18.00 06 176 1 $101,000.

CA 11.5 2 106920000434752 612 Ridge Road 91 $99,043.88 6/12/21 90 $794000
6/12/96 94920 300 05 3.25 9434752 Tiburon $99,200.
41 9/12/96 18.00 00 296 1 $992,500.


CA 11. 2 106920000434755 657 Sky Ranch  91 $99,378.31 6/17/21 84 $426547
6/17/96 94549 300 03 2.75 9434755 Lafayette $100,000.
34 9/18/96 18.00 02 296 1 $630,000.

CA 10.5 2 106920000434756 316 Barbara Way 91 $49,650.07 5/14/21 90 $396889
6/14/96 93924 299 05 2.25 9434756 Carmel Valley $49,950.
44 9/14/96 18.00 06 295 1 $502,000.


CA 11. 2 106920000434757 4819 North  91 $49,698.79 5/11/21 90 $115157
6/11/96 91724 299 05 2.75 9434757 Covina $50,000.
38 9/11/96 18.00 06 295 1 $185,000.







<PAGE>
CA 11. 2 106920000434758 435 W Fiesta  91 $10,933.95 5/17/21 84 $263500
6/17/96 95376 299 05 2.75 9434758 Tracy $11,000.
44 9/17/96 18.00 06 295 1 $329,500.

CA 11.5 2 106930000434759 175 Bershire  92 $13,554.38 5/7/11 100 $205661
6/7/96 95037 179 05 3.25 9434759 Morgan Hill $20,000.
42 6/24/96 18.00 06 175 1 $227,000.


FL 9.5 2 212910000434760 8808 Twin Lakes  81 $36,750.53 6/13/11 59 $538000
6/13/96 33496 180 03 1.25 9434760 Boca Raton $50,000.
41 9/13/96 18.00 06 176 1 $1,000,000.

CA 11. 2 106920000434762 1 Toulon #28 91 $48,773.9 8/1/21 90 $468000
6/6/96 92660 301 01 2.75 9434762 Newport Beach $58,500.
33 9/1/96 18.00 06 298 1 $585,000.


CA 11. 2 106920000434763 2135 Denise  91 $23,000.55 6/1/21 85 $173600
6/12/96 92667 299 05 2.75 9434763 Orange $23,100.
48 9/1/96 18.00 00 296 1 $231,500.

CA 8.75 2 106910000434764 12376 Circula  81 $19,910.3 8/1/21 67 $170000
6/3/96 92705 301 05 0.50 9434764 Santa Ana Area $20,000.
39 9/1/96 18.00 00 298 1 $285,000.


UT 9. 2 149910000434768 2378 Willow  91 $124,888.83 5/28/21 74 $90608
6/28/96 84092 299 05 0.75 9434768 Sandy $123,500.
28 7/31/96 18.00 06 295 1 $290,000.

OR 11. 2 141920000434773 30535 Southeast  91 $14,953.49 4/23/21 90 $122800
5/23/96 97022 299 05 2.75 9434773 Eagle Creek $15,000.
43 8/23/96 18.00 06 294 1 $153,500.


CA 7.25 2 106920000434774 4424 Beck  91 $21,885.46 5/30/21 88 $224000
5/30/96 91602 300 05 2.25 9434774 Los Angeles $22,000.
34 11/30/96 18.00 00 296 1 $280,000.

CA 7.25 2 106920000434775 1485 Laurel Street 91 $58,340.39 4/29/11 90 $539000
5/29/96 94025 179 05 2.75 9434775 Menlo Park $91,000.
41 11/29/96 18.00 06 174 1 $700,000.



<PAGE>
CA 7.25 2 106910000434776 14 Sugarloaf  81 $40,842.46 4/30/21 80 $207000
5/31/96 94954 299 03 0.50 9434776 Petaluma $41,000.
44 11/30/96 18.00 06 295 1 $310,000.






OR 7.25 2 141910000434777 22833 SW  81 $49,406.92 5/29/11 60 $775000
5/29/96 97068 180 05 1.25 9434777 West Linn $50,000.
35 11/29/96 18.00 06 175 1 $1,375,000.

OR 7.25 2 141920000434779 9823 Northwest  91 $27,653.54 4/15/21 90 $142500
5/15/96 97229 299 09 2.75 9434779 Portland $28,500.
41 11/15/96 18.00 06 294 1 $190,000.


CA 7.25 2 106920000434781 17720 Marcello  91 $42,735.16 4/21/21 87 $343200
5/21/96 91316 299 05 2.25 9434781 Los Angeles $42,900.
38 11/21/96 18.00 00 294 1 $445,000.

CA 7.25 2 106920000434782 927 8th Street 91 $62,757.93 5/24/21 90 $504000
5/24/96 90266 300 05 2.75 9434782 Manhattan Beach $63,000.
38 11/24/96 18.00 00 295 1 $635,000.


CA 9.5 2 206910000434783 1162 Barroilhet  81 $201,046.68 6/10/21 80 $800000
6/10/96 94010 300 05 1.25 9434783 Hillsborough $240,000.
44 9/10/96 18.00 00 296 1 $1,300,000.

CA 7.25 2 206910000434784 9832 Denbigh  81 $5,269.82 6/14/21 55 $300000
6/14/96 90210 300 03 0.75 9434784 Beverly Hills $200,000.
19 12/14/96 18.00 02 296 1 $925,000.


WA 7.25 2 153920000434785 20530 97th  91 $47,885.42 5/18/21 90 $168600
6/18/96 98031 299 03 2.75 9434785 Kent $48,150.
45 12/18/96 18.00 00 295 1 $240,900.

CA 9.25 2 106910000434786 637 St. James  81 $82,020.3 6/11/21 80 $637500
6/11/96 92663 300 05 1.00 9434786 Newport Beach $82,500.
40 9/11/96 18.00 02 296 1 $900,000.



<PAGE>
CA 10.5 2 106920000434787 638 Sunset Road 91 $32,894. 5/10/21 84 $258950
6/10/96 96140 299 05 2.25 9434787 Carnelian Bay $50,000.
48 9/10/96 18.00 06 295 1 $370,000.

CA 11. 2 106920000434790 1965 Corralitos  91 $20,267.24 6/13/21 90 $332000
6/13/96 93401 300 05 2.75 9434790 San Luis Obispo $41,500.
19 9/13/96 18.00 06 296 1 $415,000.


CA 11. 2 106910000434793 5001 Arundel  91 $79,176.97 6/4/21 90 $636000
6/4/96 91364 300 05 2.75 9434793 Los Angeles $79,500.
43 9/4/96 18.00 02 296 1 $795,000.






CA 7.25 2 106920000434794 2273 Century Hill  91 $60,346.78 4/21/21 88 $608000
5/21/96 90067 299 01 2.75 9434794 Los Angeles $60,800.
33 11/21/96 18.00 02 294 1 $760,000.

CA 11. 2 106910000434795 12675 Mountain  91 $100,000. 4/24/21 82 $1162500
5/24/96 90049 299 03 2.75 9434795 Los Angeles $100,000.
42 8/24/96 18.00 00 294 1 $1,550,000.


CA 11. 2 206920000434800 3354 Sly Park  91 $32,336.96 6/20/11 87 $74631
6/20/96 95726 180 05 2.75 9434800 Pollock Pines $32,900.
50 9/20/96 18.00 06 176 1 $125,000.

CA 7.25 2 206920000434803 3109 Anderson  91 $27,969.88 6/13/21 90 $153750
6/13/96 91902 300 05 2.00 9434803 Bonita $30,750.
27 12/13/96 18.00 06 296 1 $205,000.


CA 7.25 2 106920000434805 4732 Wexler  91 $24,844.72 5/3/21 87 $127450
6/3/96 94509 299 05 2.75 9434805 Antioch $25,000.
42 12/3/96 18.00 00 295 1 $177,000.

OR 7.25 2 141920000434807 495 N. W.  91 $58,840.57 5/21/21 90 $237500
6/21/96 97229 299 05 2.75 9434807 Portland $59,500.
27 12/21/96 18.00 06 295 1 $330,000.



<PAGE>
WA 11. 2 153920000434808 1765 96th  91 $24,165.38 5/20/21 90 $239000
6/20/96 98004 299 05 2.75 9434808 Bellevue $31,000.
34 9/20/96 18.00 01 295 1 $300,000.

CA 12.5 2 106930000434809 810 Brighton  91 $90,900. 5/20/11 97 $150256
6/20/96 92109 179 01 4.25 9434809 San Diego $90,900.
49 6/26/96 18.00 06 175 1 $250,000.


CA 12.5 2 106910000434810 3652 Garrison  92 $100,000. 5/18/11 100 $408388
6/18/96 92106 179 05 4.25 9434810 San Diego $100,000.
47 6/25/96 18.00 02 175 1 $510,000.

CA 10.5 2 106920000434811 2812 Driscoll  91 $28,063. 6/24/21 90 $275200
6/24/96 94539 300 05 2.25 9434811 Fremont $34,400.
37 9/24/96 18.00 00 296 1 $345,000.


CA 10.5 2 106920000434812 436 West Dana  91 $29,558.89 6/14/21 90 $238400
6/14/96 94041 300 05 2.25 9434812 Mountain View $29,800.
29 9/14/96 18.00 00 296 1 $300,000.






UT 12.5 2 149930000434813 1796 West 250  91 $67,042.6 6/22/11 99 $64000
6/22/96 84015 180 05 4.25 9434813 West Point $69,500.
50 7/31/96 18.00 03 176 1 $135,000.

CA 7.25 2 106920000434816 669 Allegro Court 91 $38,850.14 5/24/11 90 $259900
5/24/96 93065 180 03 3.25 9434816 Simi Valley $39,000.
43 11/24/96 18.00 00 175 1 $334,000.


CA 10.5 2 106920000434821 843 Malaga  91 $49,336.95 5/24/21 90 $207000
5/24/96 95616 300 05 2.25 9434821 Davis $49,500.
30 8/24/96 18.00 00 295 1 $285,000.

CA 11. 2 106920000434822 4330 Havenhurst  91 $72,205.41 6/3/21 90 $580000
6/3/96 91436 300 05 2.75 9434822 Los Angeles $72,500.
37 9/3/96 18.00 00 296 1 $725,000.



<PAGE>
CA 7.25 2 106920000434823 183marathon  91 $22,943.75 6/4/21 90 $117350
6/4/96 91001 300 05 2.25 9434823 Altadena Area $23,400.
31 12/4/96 18.00 00 296 1 $156,500.

CA 7.25 2 106930000434824 5812 Melissa  91 $49,900. 6/6/11 95 $266400
6/6/96 91367 180 05 3.75 9434824 Los Angeles $49,900.
41 12/6/96 18.00 00 176 1 $333,000.


ID 7.25 2 116930000434827 10010 W  91 $18,100.01 5/4/11 95 $63750
6/4/96 83704 179 05 3.25 9434827 Boise $18,200.
30 12/4/96 18.00 02 175 1 $87,000.

OR 12. 2 141930000434828 297 South 15th  91 $16,463.82 6/3/11 95 $71673
6/3/96 97051 180 05 3.75 9434828 St. Helens $16,600.
33 9/3/96 18.00 06 176 1 $93,000.


CA 7.25 2 106920000434829 31 Whitney Street 91 $5,678.46 5/18/21 83 $300000
6/18/96 94131 299 07 2.75 9434829 San Francisco $20,000.
39 12/18/96 18.00 06 295 1 $390,000.

OR 11. 2 141910000434830 90640 Nadeau  91 $29,790.59 5/18/21 90 $150000
6/18/96 97478 299 05 2.75 9434830 Springfield $30,000.
45 9/18/96 18.00 02 295 1 $200,000.


CA 7.25 2 106920000434832 348 Oakview  91 $32,610.04 5/13/21 90 $263200
6/13/96 94070 299 05 2.75 9434832 San Carlos $32,900.
40 12/13/96 18.00 00 295 1 $329,000.






OR 12. 2 141930000434833 408 N. Bryant  91 $21,681.33 5/21/11 94 $95828
6/21/96 97217 179 05 3.75 9434833 Portland $30,000.
31 6/27/96 18.00 06 175 1 $135,000.

CA 11. 2 106920000434834 3194 Hosie  91 $24,351.07 5/21/21 90 $127500
6/21/96 94514 299 05 2.75 9434834 Byron $25,500.
39 9/21/96 18.00 02 295 1 $170,000.



<PAGE>
CA 11. 2 106920000434835 2755 Brisa Blanda 91 $9,596.03 5/19/21 84 $122301
6/19/96 93420 299 05 2.75 9434835 Arroyo Glande $25,000.
31 9/19/96 18.00 02 295 1 $176,000.

CA 12.5 2 106930000434838 311 Moonraker  91 $99,148.1 6/28/11 95 $192000
6/28/96 95497 180 03 4.25 9434838 The Sea Ranch $100,000.
50 9/28/96 18.00 06 176 1 $310,000.


CA 10.5 2 106920000434839 1101- 1103  91 $37,663.32 6/28/21 90 $304000
6/28/96 94107 300 05 2.25 9434839 San Francisco $38,000.
29 9/28/96 18.00 00 296 1 $380,000.

CA 7.25 2 106920000434840 2062 Sheridan  91 $38,029.48 6/3/21 90 $206250
6/3/96 93065 300 05 2.25 9434840 Simi Valley $41,200.
35 12/3/96 18.00 01 296 1 $275,000.


CA 7.25 2 206910000434841 850 Kramer Drive 81 $33,035. 6/19/11 62 $41682
6/19/96 95242 180 05 1.75 9434841 Lodi $100,000.
40 12/19/96 18.00 06 176 1 $230,000.

CA 10.25 2 206920000434842 5011 Rockvalley  91 $44,417.62 6/20/21 90 $359600
6/20/96 90275 300 05 2.00 9434842 Rancho Palos  $44,950.
24 9/20/96 18.00 00 296 1 $450,000.


FL 7.25 2 212920000434843 1215 Trotwood  91 $49,644.96 6/24/21 88 $98000
6/24/96 32708 300 03 3.75 9434843 Winter Springs $50,000.
45 12/24/96 18.00 06 296 1 $170,000.

CA 7.25 2 206930000434844 2830 Martel Court 91 $16,032.65 6/20/11 95 $107250
6/20/96 95826 180 05 3.75 9434844 Sacramento $28,600.
42 12/20/96 18.00 00 176 1 $143,000.


CA 10.5 2 206920000434845 1805 South  91 $18,479.98 6/14/21 90 $148080
6/14/96 90731 300 05 2.25 9434845 South Pedro Area $18,500.
43 0 18.00 00 296 1 $185,500.







<PAGE>
CA 7.25 2 206920000434846 702 Camino Real 91 $30,487.67 6/21/11 90 $278596
6/21/96 90277 180 05 2.75 9434846 Redondo Beach $31,500.
50 12/21/96 18.00 06 176 1 $345,000.

CA 11.25 2 206930000434847 22654 Spruce  92 $36,370.01 6/19/11 100 $148000
6/19/96 95383 180 05 3.00 9434847 Twain Harte $37,000.
27 6/28/96 18.00 06 176 1 $185,000.


CA 11. 2 206920000434848 710 East Pine  91 $32,827.78 6/20/21 89 $264000
6/20/96 90245 300 05 2.75 9434848 El Segundo $33,000.
48 9/20/96 18.00 06 296 1 $335,000.

CA 12.25 2 106930000434850 653 East View  91 $52,526.51 5/25/11 95 $387000
6/25/96 94062 179 05 4.00 9434850 Redwood City $60,000.
42 9/25/96 18.00 02 175 1 $475,000.


CA 10.5 2 106920000434851 330 Sonora Drive 91 $49,182.29 5/20/21 90 $396000
6/20/96 94402 299 05 2.25 9434851 San Mateo $49,500.
42 9/20/96 18.00 00 295 1 $495,000.


Total Prin Bal $268,743,396.14
7,732 Total Credit  $316,622,360

<PAGE>


[NY01:227414.5]  16069-00369  10/30/96 1:06pm

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