RESIDENTIAL FUNDING MORTGAGE SECURITIES II INC
8-K, 1997-02-14
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) January 23, 1997

RESIDENTIAL  FUNDING MORTGAGE SECURITIES II, INC. (as depositor under an Amended
and Restated  Trust  Agreement,  dated as of January 30,  1997,  and pursuant to
which an Indenture was entered into,  providing for, inter alia, the issuance of
Home Loan-Backed Notes, Series 1997-HI1)


                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)egistrant'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:

                  4.1  Servicing  Agreement  dated as of January  30, 1997 among
Residential Funding Corporation,  as master servicer,  Home Loan Trust 1997-HI1,
as issuer, and The Chase Manhattan Bank, as indenture trustee.

                  4.2 Amended and Restated Trust  Agreement  dated as of January
30, 1997 between  Residential Funding Mortgage Securities II, Inc., as depositor
and Wilmington Trust Company, as owner trustee.

                  4.3  Indenture  dated as of January 30, 1997 between Home Loan
Trust 1997- HI1, as issuer and The Chase Manhattan Bank, as indenture trustee.

                  10.1 Mortgage Loan Purchase  Agreement dated as of January 30,
1997 between RFC Asset  Holdings,  Inc.,  as purchaser and  Residential  Funding
Corporation, as seller.

                  10.2 Transfer  Agreement  dated as of January 30, 1997 between
RFC Asset  Holdings,  Inc.,  as  transferor  and  Residential  Funding  Mortgage
Securities II, Inc., as transferee.

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                                   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:  January 30, 1997



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                                   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:  January 30, 1997


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                                   EXHIBIT 4.1

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                                   EXHIBIT 4.2

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                                   EXHIBIT 4.3

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                                  EXHIBIT 10.1

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                                  EXHIBIT 10.2


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                                    EXHIBITS
                             (Intentionally Omitted)

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                                 EXECUTION COPY





                        RESIDENTIAL FUNDING CORPORATION,
                   as Master Servicer, Title I Contract Holder
                          and FHA Claims Administrator,



                            HOME LOAN TRUST 1997-HI1,
                                    as Issuer


                                       and


                            THE CHASE MANHATTAN BANK
                              as Indenture Trustee


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

                               SERVICING AGREEMENT

                          Dated as of January 30, 1997

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













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                                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 Issuer........  4
Section 2.03. Enforcement of Representations and Warranties.......  4

                          ARTICLE III

                 Administration and Servicing
                       of Mortgage Loans

Section 3.01. The Master Servicer...................................  6
Section 3.02. Collection of Certain Mortgage 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 Mortgage Loans......................14
Section 3.08.  Issuer 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..............................17
Section 3.11.  Annual Servicing Report........................................17
Section 3.12.  Access to Certain Documentation and Information
               Regarding the Mortgage Loans...................................17
Section 3.13.  Maintenance of Certain Servicing Insurance Policies............18
Section 3.14.  Information Required by the Internal Revenue Service and
               Reports of Foreclosures and Abandonments of Mortgaged Property.18
Section 3.15.  Optional Repurchase of Defaulted Mortgage Loans................18
Section 3.16.  Claim for FHA Insurance and Foreclosure........................18


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                                                                         Page



                                   ARTICLE IV

                              Servicing Certificate

Section 4.01. Statements to Securityholders............................... 22
Section 4.02. Tax Reporting............................................... 24

                           ARTICLE V

                        Payment Account
Section 5.01.  Payment Account............................................ 25

                          ARTICLE VI

                      The Master Servicer

Section 6.01. Liability of the Master Servicer............................ 26
Section 6.02. Merger or Consolidation of, or Assumption of the
              Obligations of, the Master Servicer......................... 26
Section 6.03. Limitation on Liability of the Master Servicer and
              Others...................................................... 26
Section 6.04. Master Servicer Not to Resign............................... 27
Section 6.05. Delegation of Duties........................................ 27
Section 6.06. Master Servicer to Pay Indenture Trustee's and Owner
              Trustee's Fees and Expenses; Indemnification................ 28

                          ARTICLE VII

                            Default

Section 7.01. Servicing Default........................................... 30
Section 7.02. Indenture Trustee to Act; Appointment of Successor.......... 32
Section 7.03. Notification to Securityholders............................. 33

                         ARTICLE VIII

                   Miscellaneous Provisions

Section 8.01.  Amendment................................................. 34
SECTION 8.02.  GOVERNING LAW............................................. 34
Section 8.03.  Notices................................................... 34
Section 8.04.  Severability of Provisions................................ 34
Section 8.05.  Third-Party Beneficiaries................................. 35

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                                                                        Page
 


Section 8.06. Counterparts............................................... 35
Section 8.07. Effect of Headings and Table of Contents................... 35
Section 8.08. Termination Upon Purchase by the Master Servicer or
              Liquidation of All Mortgage Loans; Partial Redemption...... 35
Section 8.09. Certain Matters Affecting the Indenture Trustee............ 35
Section 8.10. Owner Trustee Not Liable for Related Documents............. 36

                                   ARTICLE IX

                     Concerning the Title I Contract Holder

Section 9.01.  Compliance with Title I and Filing of FHA Claims......... 37
Section 9.02.  Regarding the Title I Contract Holder.................... 37


EXHIBIT A - MORTGAGE 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

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                  This Servicing Agreement,  dated as of January 30, 1997, among
Residential  Funding Corporation (in each capacity,  as applicable,  the "Master
Servicer",  the "Title I Contract  Holder" and the "FHA Claims  Administrator"),
the Home Loan Trust 1997-HI1 (the  "Issuer"),  and The Chase Manhattan Bank (the
"Indenture Trustee"),


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


                  WHEREAS,  pursuant to the terms of the Mortgage  Loan Purchase
Agreement, Residential Funding Corporation (in its capacity as Seller) will sell
to RAHI the Mortgage  Loans  pursuant to the terms of the Mortgage Loan Purchase
Agreement together with the Related Documents on the Closing Date;

                  WHEREAS, pursuant to the terms of the Transfer Agreement, RAHI
will sell to the  Depositor  the  Mortgage  Loans  pursuant  to the terms of the
Transfer Agreement together with the Related Documents on the Closing Date;

                  WHEREAS, the Depositor will sell the Mortgage Loans and all of
its rights under the Transfer Agreement to the Issuer, together with the Related
Documents on the Closing Date;

                  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;

                  WHEREAS,  pursuant to the terms of this  Servicing  Agreement,
the Master  Servicer will service the Mortgage  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  dated January 30, 1997 (the  "Indenture"),  between Home Loan
Trust 1997-HI1,  as issuer,  and The Chase Manhattan Bank, as indenture trustee,
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 Mortgage Loan shall
be made on the basis of a 30-day  month and a year  assumed  to  consist  of 360
days. All  calculations of interest on the Notes shall be made on the basis of a
30-day month 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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                                   ARTICLE II

                         Representations and Warranties
     Section 2.01. Representations and Warranties Regarding the Master Servicer.
The Master Servicer represents and warrants to the Issuer and for the benefit of
the Indenture Trustee, as pledgee of the Mortgage Loans, 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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         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 Issuer. The Issuer
hereby represents and warrants to the Master Servicer and for the benefit of the
Indenture Trustee, as pledgee of the Mortgage Loans, as of the Cut-off Date:

                         (i) The Issuer is a business  trust duly  formed and in
         good  standing  under  the laws of the State of  Delaware  and 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

                        (ii) The  execution  and  delivery by the Issuer of this
         Servicing   Agreement  and  the   performance  by  the  Issuer  of  its
         obligations  under  this  Servicing  Agreement  will  not  violate  any
         provision of any law or  regulation  governing the Issuer or any order,
         writ,  judgment  or decree of any  court,  arbitrator  or  governmental
         authority or agency applicable to the Issuer 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 Issuer 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 Mortgage Loans, or the Issuer,  shall enforce the representations
and warranties of the Seller  pursuant to the Mortgage Loan Purchase  Agreement.
Upon the  discovery  by the Seller,  the  Depositor,  the Master  Servicer,  the
Indenture Trustee, the Credit Enhancer, the Issuer, or any Custodian of a breach
of any of the  representations and warranties made in the Mortgage Loan Purchase
Agreement,  in  respect of any  Mortgage  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 Mortgage 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
Mortgage  Loan  Purchase  Agreement) or 90 days (with respect to a breach of the
representations and warranties  contained in Section 3.1(b) of the Mortgage Loan
Purchase Agreement) from the date the Seller was notified of such breach or (ii)
purchase  such Mortgage Loan at the price and in the manner set forth in Section
3.1(c) of the Mortgage Loan Purchase Agreement;  provided that the Seller shall,
subject to  compliance  with all the  conditions  set forth in the Mortgage Loan
Purchase Agreement, have the option to substitute an Eligible Substitute Loan or
Loans for such Mortgage Loan. In the event

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that the Seller  elects to  substitute  one or more  Eligible  Substitute  Loans
pursuant to Section 3.1(c) of the Mortgage Loan Purchase  Agreement,  the Seller
shall deliver to the Issuer with respect to such Eligible  Substitute Loans, the
Mortgage,  and such  other  documents  and  agreements  as are  required  by the
Mortgage  Loan  Purchase  Agreement.  Payments  due  with  respect  to  Eligible
Substitute  Loans in the month of  substitution  shall not be transferred to the
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 a payment at
least equal to the  applicable  Monthly  Payment has been received by the Issuer
for such  month in  respect  of the  Mortgage  Loan to be  removed.  The  Master
Servicer  shall  amend or cause to be amended  the  Mortgage  Loan  Schedule  to
reflect the removal of such Mortgage Loan and the  substitution  of the Eligible
Substitute  Loans and the Master  Servicer  shall  promptly  deliver the amended
Mortgage 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 Mortgage Loan as to which such a
breach  has  occurred  and  is  continuing  shall  constitute  the  sole  remedy
respecting  such breach  available to the Issuer and the Indenture  Trustee,  as
pledgee of the  Mortgage  Loans,  against the  Seller.  In  connection  with the
purchase of or substitution for any such Mortgage Loan by the Seller, the Issuer
shall  assign to the Seller all of its right,  title and  interest in respect of
the Mortgage Loan Purchase  Agreement  applicable  to such Mortgage  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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                                   ARTICLE III

                          Administration and Servicing
                                of Mortgage Loans

         Section  3.01.  The  Master  Servicer.  (a) The Master  Servicer  shall
service and administer the Mortgage 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 in addition, with respect to the Title I Loans, shall
service  and  administer  the  Title I Loans  in  accordance  with  the  Title I
Regulations  (except for good-faith  disputes relating to Title I Regulations or
such FHA Insurance) so that the related FHA Insurance  remains in full force and
effect,  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
Issuer,  the Indenture  Trustee,  as pledgee of the Mortgage Loans;  and for the
performance of its duties and obligations hereunder in accordance with the terms
hereof and the Program Guide and the Title I Regulations, as applicable. Without
limiting the generality of the foregoing,  the Master  Servicer shall  continue,
and is hereby authorized and empowered by the Issuer and the Indenture  Trustee,
as pledgee of the Mortgage Loans,  to execute and deliver,  on behalf of itself,
the Issuer,  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 Mortgage Loans and with respect
to  the  Mortgaged  Properties.  The  Issuer,  the  Indenture  Trustee  and  the
Custodian, as applicable,  shall furnish the Master Servicer and, if required by
the Title I  Regulations  with respect to the Title I Loans,  shall  furnish the
Title I Contract Holder or FHA Claims Administrator, with any powers of attorney
and other documents necessary or appropriate to enable the Master Servicer,  the
Title I Contract Holder or FHA Claims  Administrator,  as appropriate,  to carry
out their 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  generally in the form of Exhibit B
hereto.

         If the Mortgage  relating to a Mortgage Loan did not have a lien senior
to the Mortgage 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 Mortgage  Loan had a lien senior to the Mortgage 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 Mortgage
Loan is no higher than the greater of the Combined  Loan-to-Value Ratio prior to
such  refinancing or 70% (or 80% for those  borrowers with a FICO "credit score"
of 670 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  has an adjustable rate and the loan evidencing
the  refinanced  senior  lien has a fixed  rate,  then the loan  evidencing  the
refinanced  senior lien may be up to 2.0% higher than the then-current  mortgage
rate of the loan

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evidencing the existing senior lien and (iii) the loan evidencing the refinanced
senior lien is not subject to negative amortization.

         The  relationship  of the Master  Servicer (and of any successor to the
Master Servicer as servicer under this Servicing  Agreement) to the Issuer 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 Mortgage
Loans. References in this Servicing Agreement to actions taken or to be taken by
the Master  Servicer in servicing the Mortgage Loans include actions taken or to
be taken by a  Subservicer  on  behalf of the  Master  Servicer  and any  amount
actually  received by such  Subservicer  in respect of a Mortgage  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 Mortgage 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  Mortgage  Loan or  enter  into a  Sub-servicing  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 Trust  Estate,  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  Mortgage  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, would require were it the owner of the related
Mortgage Loans.  The Master Servicer shall pay the costs of such  enforcement at
its own expense, and shall be reimbursed therefor only (i) from

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a general recovery  resulting from such enforcement to the extent,  if any, that
such recovery exceeds all amounts due in respect of the related Mortgage 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  Mortgage Loan  Payments.  (a) The
Master Servicer shall make reasonable efforts to collect all payments called for
under the terms and provisions of the Mortgage  Loans,  and shall, to the extent
such procedures shall be consistent with this Servicing  Agreement and generally
consistent  with the Program  Guide and with  respect to the Title I Loans,  the
Title I Regulations,  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  Mortgage  Loan and (ii) arrange with a Mortgagor a schedule for
the payment of principal and interest due and unpaid;  provided such arrangement
is generally  consistent  with the Master  Servicer's  policies  with respect to
mortgage  loans similar to those in the Mortgage Pool  (meaning,  mortgage loans
used for home improvement or debt consolidation) and with respect to the Title I
Loans, the Title I Regulations;  provided,  further,  that  notwithstanding such
arrangement  such Mortgage Loans will be included in the  information  regarding
delinquent  Mortgage  Loans set forth in the Servicing  Certificate.  The Master
Servicer  may also  extend the Due Date for  payment  due on a Mortgage  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  (including,  if  applicable,  FHA
Insurance)  or  materially  adversely  affect the lien of the  related  Mortgage
(except as described below) 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 Mortgage 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 and would not impair
the FHA Insurance,  if applicable,  provided,  however, that the Master Servicer
may not modify or permit any  Subservicer to modify any Mortgage Loan (including
without limitation any modification that would change the Mortgage Rate, forgive
the  payment  of any  principal  or  interest  (unless  in  connection  with the
liquidation  of the related  Mortgage Loan) or extend the final maturity date of
such Mortgage  Loan) unless such Mortgage Loan is in default or, in the judgment
of the Master  Servicer,  such default is  reasonably  foreseeable,  and if such
Mortgage Loan is a Title I Loan, only if such modification  would not impair the
FHA Insurance and is allowable under the Title I Regulations. In connection with
any of the foregoing  modifications to a Title I Loan, the Master Servicer shall
or shall cause the FHA Claims Administrator to submit to HUD within the required
time period any reports required by the Title I Regulations.

                  In  addition  to the  foregoing,  the Master  Servicer  or any
Subservicer  may in its  discretion  enter into an agreement with a Mortgagor to
release (a "Release Agreement") the lien on the Mortgaged Property relating to a
Mortgage Loan and take an unsecured  note if, at the time the Release  Agreement
is executed,  the Mortgage  Loan is current in payment of principal and interest
and has a Combined  Loan-to-Value Ratio which exceeds 100%,  provided,  however,
the Master Servicer or any Subservicer  shall not enter into a Release Agreement
if such Release Agreement would: (i) change the nature of the Mortgage Note from
recourse of the borrower

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to  nonrecourse;  (ii) impair the FHA Insurance  with respect to a Title I Loan;
(iii)  modify any  payment  terms or  conditions;  or (iv) result in a change in
payment  expectations.  A change in payment expectations is expected to occur if
there is substantial  enhancement of the borrower's capacity to meet its payment
obligations  under the related debt  instrument  and that capacity was primarily
speculative  prior to the  Release  Agreement  and is adequate  thereafter.  The
Master  Servicer or any  Subservicer  in the aggregate  shall not enter into (i)
with respect to the Mortgage Loans,  other than the Title I Loans,  more than 10
Release Agreements during any calendar year and (ii) with respect to the Title I
Loans, a Release  Agreement if doing so would cause the aggregate  amount of all
outstanding  Release Agreements relating to the Title I Loans to be greater than
the FHA Reserve relating to the Title I Loans,  provided,  however,  in no event
shall the Master Servicer or any Subservicer  enter into a Release  Agreement if
at the time the aggregate amount of all outstanding Release Agreements equals or
exceeds 5% of the Pool Balance.

         (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 Mortgage  Loans received 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  or  interest  on the
         Mortgage  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 Mortgage Loans purchased by the
Master Servicer pursuant to Sections 3.15 or 3.16;

     (iii) Net Liquidation Proceeds net of any related Foreclosure Profit;

                        (iv) all proceeds of any Mortgage  Loans  repurchased by
         the Seller  pursuant to the Mortgage 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
         Mortgage Loan Purchase Agreement;

                         (v) insurance  proceeds  (including all proceeds of FHA
         Insurance  claims  with  respect  to any Title I Loan),  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 Mortgage 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

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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
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
Mortgage Loans and shall hold all  collections  in the Custodial  Account to the
extent they  represent  collections on the Mortgage Loans for the benefit of the
Trust Estate and the  Indenture  Trustee,  as their  interests  may appear.  The
Master  Servicer shall retain all  Foreclosure  Profits as additional  servicing
compensation.

         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 Mortgage Loans,  pending  remittance thereof to
the Master Servicer on a daily basis for deposit into the Custodial Account,  in
one or more  accounts  meeting  the  requirements  of an Eligible  Account,  and
invested in Permitted Investments.

         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 Mortgage Loans for the following purposes:

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

                        (ii) to the extent  deposited to the Custodial  Account,
         to reimburse itself or the related Subservicer or, in connection with a
         Title I Loan, the FHA Claims Administrator, 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

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<PAGE>



         to amounts  received  on  particular  Mortgage  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  Mortgage
         Loan;

                       (iii) to pay to itself out of each  payment  received  on
         account of interest on a Mortgage 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;

                        (iv) 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
         and  Payment  Account  that it is  entitled  to  withdraw  pursuant  to
         Sections 3.02(b) and 5.01;

     (v) 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);

                        (vi) to pay to itself or the Seller, with respect to any
         Mortgage  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;

     (vii) to reimburse the FHA Claims  Administrator in accordance with Section
3.16(g);

         (viii)        to reimburse itself in accordance with Section 4.02; and

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

Since, in connection with withdrawals pursuant to clauses (ii), (iii), (v), (vi)
and (vii), the Master Servicer's  entitlement  thereto is limited to collections
or other recoveries on the related Mortgage Loan, the Master Servicer shall keep
and maintain separate accounting, on a Mortgage Loan by Mortgage 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
Mortgage  Loan as to which the  Repurchase  Price has been paid),  by withdrawal
from the Custodial  Account of amounts on deposit  therein  attributable  to the
Mortgage Loans on any Business Day prior to the Payment Date succeeding the date
of such determination.


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         Section 3.04.  Maintenance  of Hazard  Insurance;  Property  Protection
Expenses.  The Master  Servicer  shall cause to be maintained  for each Mortgage
Loan (other than any Title I 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 Mortgage Loan from time to time or (ii)
the combined principal balance owing on such Mortgage Loan and any mortgage loan
senior to such Mortgage  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 Mortgage Loan (other than any Title I 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 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 Mortgage  Loan (other than any Title I Loan) in
a federally designated flood area, the hazard insurance to be maintained for the
related  Mortgage 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).  With  respect to a Title I Loan,  in cases in
which any Mortgaged Property is located at any time during the life of a Title I
Loan in an area that has been  identified  by the Federal  Emergency  Management
Agency as having special flood hazards,  flood  insurance shall be maintained in
an amount equal to the amount  required by the Title I  Regulations.  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
Mortgage 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 or,
with  respect  to the  Title I  Loans,  as  shall  be  required  by the  Title I
Regulations.  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 Mortgage 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 Mortgage  Loans,  the Master
Servicer  agrees to present,  on behalf of itself,  the Issuer and the Indenture
Trustee, claims under any such blanket policy.


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         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 Mortgage Loans and with respect to the Mortgaged
Properties  subject to the Mortgages  (and the Issuer 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  Mortgage  Loan,  that  the  security  for,  and  the  timely  and  full
collectability of, such Mortgage 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 Mortgage Loan after such partial release
does not exceed the Combined  Loan-to-Value  Ratio for such  Mortgage 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.

         Section 3.06. Trust Estate; Related Documents. (a) When required by the
provisions of this  Servicing  Agreement,  the Issuer or the  Indenture  Trustee
shall  execute  instruments  to  release  property  from the  terms of the Trust
Agreement,  Indenture  or  Custodial  Agreement,  as  applicable,  or convey the
Issuer'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 Issuer or the
Indenture  Trustee as provided in this  Section 3.06 shall be bound to ascertain
the Issuer'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 Mortgage  Loan has
been the  subject of a final  payment or a  prepayment  in full and the  related
Mortgage 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  Mortgage
Loan or, if applicable,

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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 Mortgage  Loan,  upon request of the Master
Servicer.  If  from  time to  time  and as  appropriate  for  the  servicing  or
foreclosure of any Mortgage Loan, the Master  Servicer acting alone or on behalf
of the  Title  I  Contract  Holder  or FHA  Claims  Administrator  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 Mortgage 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  Mortgage Loans. With respect
to such of the  Mortgage  Loans  (other than the Title I Loans) as come into and
continue in default,  the Master  Servicer will decide  whether to (i) foreclose
upon the Mortgaged  Properties  securing such Mortgage Loans, (ii) write off the
unpaid principal balance of the Mortgage 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  note in each case subject to the rights of any related
first lien holder;  provided that in connection with the foregoing 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 Issuer 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.  With respect to such of the Title I Loans as come
into and continue in default,  the Master Servicer will take such actions as set
forth in Section  3.16.  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 Mortgage
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  Mortgage  Loan have been  received;  provided,  however,  the  Master
Servicer  shall treat any Mortgage  Loan that is 180 days or more  delinquent as
having been finally liquidated. Any subsequent collections with respect to any

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such Mortgage 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 any
estimated additional  liquidation expenses expected to be incurred in connection
with the related defaulted Mortgage 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 Issuer in accordance with Section 3.13 of the Indenture. Notwithstanding any
such  acquisition of title and  cancellation of the related  Mortgage Loan, such
Mortgaged  Property  shall (except as otherwise  expressly  provided  herein) be
considered  to be an  outstanding  Mortgage  Loan held as an asset of the Issuer
until such time as such property shall be sold.

         Any proceeds from foreclosure proceedings or the purchase or repurchase
of any Mortgage 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  Mortgage Loan, at the Mortgage Rate (less the Servicing
Fee 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 Mortgage Loan; and
fifth, to Foreclosure Profits.

         Section 3.08. Issuer 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 Issuer,  of the  termination of or the payment in
full and the  termination  of any Mortgage 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 Mortgage 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 Mortgage Loan, the Indenture  Trustee or
the Custodian shall, upon request of the Master Servicer (which may be on behalf
of the Title I Contract Holder or FHA Claims  Administrator) and delivery to the
Indenture  Trustee or  Custodian,  with a copy to the  Issuer,  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
(which  may  be on  behalf  of  the  Title  I  Contract  Holder  or  FHA  Claims
Administrator)  and the Issuer 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  (or Title I Contract
Holder or FHA Claims  Administrator,  if applicable) no longer exists unless the
Mortgage Loan shall be liquidated, in which case, upon

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<PAGE>



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
Mortgage Loan that is in default  following  recordation  of the  assignments of
Mortgage  in  accordance  with the  provisions  of the  Mortgage  Loan  Purchase
Agreement, the Indenture Trustee or the Issuer 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 Mortgage 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 Mortgage 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  Mortgage Loan are paid by the
Mortgagor  and any other  defaults are cured,  then the assignee for  collection
shall promptly  reassign such Mortgage 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 Issuer's  obligation to cooperate as provided in
this Section 3.08 and all other provisions of this Servicing Agreement requiring
the Issuer to  authorize  or permit any actions to be taken with  respect to the
Mortgage Loans, the Indenture  Trustee,  as pledgee of the Mortgage Loans and as
assignee  of record of the  Mortgage  Loans on behalf of the Issuer  pursuant to
Section 3.13 of the Indenture,  expressly  agrees,  on behalf of the Issuer,  to
take all such actions on behalf of the Issuer 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 Issuer, 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 Mortgage 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.

         The Master  Servicer shall pay all FHA Insurance  premiums  required by
the Title I Regulations in respect of the Title I Loans; if Residential  Funding
Corporation is no longer the Master Servicer and fails to pay such FHA Insurance
premiums,  the successor Master Servicer shall pay such premiums.  If the Master
Servicer or a successor  Master  Servicer  fail to pay such premiums and, if the
Indenture Trustee receives written notice of such failure, the Indenture Trustee
shall pay such FHA Insurance premiums (including any past premiums owed if so

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<PAGE>



notified). The Master Servicer shall reimburse the Indenture Trustee for any FHA
Insurance premiums paid by it from a portion of the Master Servicing Fee.

         Section  3.10.  Annual  Statement  as to  Compliance.  (a)  The  Master
Servicer  will deliver to the Issuer and the Indenture  Trustee,  with a copy to
the Credit  Enhancer,  on or before March 31 of each year,  beginning  March 31,
1998, an Officer's  Certificate  stating that (i) a review of the  activities of
the Master  Servicer  during the preceding  calendar 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 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.

         Section 3.11.  Annual Servicing  Report.  On or before March 31 of each
year, beginning March 31, 1998, 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 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 such Mortgage
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  Mortgage  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 Mortgage 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

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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 with respect to
the Title I Loans any such  insurance  that is required with respect  thereto by
the Title I  Regulations  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 1998, 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 Issuer,  acquires  an  interest in any  Mortgaged
Property through  foreclosure or other comparable  conversion in full or partial
satisfaction  of a Mortgage  Loan,  or (ii) knows or has reason to know that any
Mortgaged  Property has been abandoned.  The reports from the Master Servicer or
Subservicer  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  Mortgage  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 Mortgage
Loan  delinquent  in payment for a period of 60 days or longer for a price equal
to the Repurchase Price.

         Section 3.16.     Claim for FHA Insurance and Foreclosure.

         (a) If any Monthly  Payment due under any Title I Loan is not paid when
the same becomes due and payable, or if the Mortgagor fails to perform any other
covenant or obligation under the Title I Loan and such failure  continues beyond
any  applicable   grace  period,   the  Master   Servicer  and  the  FHA  Claims
Administrator  shall take such  action  (consistent  with  Title I  Regulations,
including efforts to cure the default of such Title I Loan pursuant to the Title
I Regulations)  as it shall deem to be in the best interest of the Trust Estate.
If the  maturity  of the  related  note has  been  accelerated  pursuant  to the
requirements of the Title I Regulations  following the Master Servicer's efforts
to cure the  default of the Title I Loan (and such Title I Loan is not  required
to  be  purchased  pursuant  to  Section  3.1  of  the  Mortgage  Loan  Purchase
Agreement),  (i) if an FHA Insurance Coverage  Insufficiency does not exist, the
FHA  Claims  Administrator  (with the  consent  of the  Master  Servicer)  shall
initiate, on behalf of the Trust Estate and the Title I Contract Holder, a claim
under the Contract of Insurance for  reimbursement for loss on such Title I Loan
pursuant to Title I, or (ii) the FHA Claims  Administrator  (with the consent of
the Master Servicer) shall proceed against the property

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securing  the  Title  I  Loan,  and  thereafter,  if an FHA  Insurance  Coverage
Insufficiency does not exist, may submit a claim under the Contract of Insurance
with respect to such Title I Loan if it has  obtained the prior  approval of the
Secretary of HUD pursuant to the Title I Regulations.

         (b) If the FHA  Claims  Administrator  (with the  consent of the Master
Servicer) determines to initiate a claim for reimbursement for loss on any Title
I Loan under this Section 3.16, the FHA Claims  Administrator  shall comply with
applicable  provisions of the Title I  Regulations  and  diligently  pursue such
claim and, in any event,  shall  initiate  such claim no later than the last day
permitted  under the Title I Regulations.  For purposes of this  Agreement,  the
term  "initiate  a claim for  reimbursement"  shall mean the filing of the claim
application  pursuant to the  requirements set forth in the Title I Regulations,
including  the filing of all related  assignments  and  documents  and materials
required  for file  review.  If for the purpose of such  filing,  the FHA Claims
Administrator  requests any Related Documents for such Title I Loan or any other
item in the related  Mortgage  File  necessary  to make such  claim,  the Master
Servicer  shall request such  documents  from the  Custodian in accordance  with
Section 3.06.  Each  Securityholder  hereby  consents to the  assignment of such
Title I Loan for the sole  purpose of  initiating  a claim under the Contract of
Insurance for reimbursement with respect to such Title I Loan. If required,  the
Title I Contract  Holder shall furnish the FHA Claims  Administrator  a power of
attorney to file claims under the Contract of Insurance.  The Indenture  Trustee
and the Title I Contract  Holder  agree to execute and deliver to the FHA Claims
Administrator,  within 5 Business Days of receipt of a request for same from the
FHA Claims Administrator,  all documents, if any, necessary to initiate and file
a claim under the Contract of Insurance for such Title I Loan,  which  documents
shall be  prepared by the FHA Claims  Administrator.  If any claim to the FHA is
rejected  by the FHA,  upon  receipt of the  rejection  notice by the FHA Claims
Administrator  and a  determination  by the FHA  Claims  Administrator  that the
rejection  was not due to clerical  error,  the FHA Claims  Administrator  shall
promptly notify the Title I Contract Holder (if such notice has not already been
given),  the  Master  Servicer  and the  Credit  Enhancer  of the notice of such
rejection.

         If the FHA  indicates  in writing  why the claim is  rejected  and such
rejection  constituted a breach of the Seller's  representations  and warranties
contained  in Section  3.1(b) of the  Mortgage  Loan  Purchase  Agreement  which
occurred  prior to the Closing Date, the FHA Claims  Administrator  shall notify
the Title I Contract  Holder,  the Master  Servicer,  the Seller,  the Indenture
Trustee and the Credit  Enhancer  of such  determination,  and the Seller  shall
repurchase  such Title I Loan in accordance  with Section 3.1(c) of the Mortgage
Loan  Purchase  Agreement.  If the FHA  indicates in writing that the claim is a
rejected claim due to a failure to service such Title I Loan in accordance  with
Title I, the FHA Claims  Administrator shall notify the Title I Contract Holder,
the  Indenture  Trustee,  the Master  Servicer  and the Credit  Enhancer of such
determination,  and the Master  Servicer  shall  within 45 days from the date on
which such rejection notice is received by the Master Servicer,  repurchase such
Title I Loan at the  Repurchase  Price.  In the  event  that  the FHA  fails  to
indicate  in writing  why the claim is  rejected,  the FHA Claims  Administrator
shall  determine  why the claim is  rejected.  If the FHA  Claims  Administrator
determines that the claim is rejected for a reason that  constituted a breach of
the Seller's  representations and warranties  contained in Section 3.1(b) of the
Mortgage Loan Purchase  Agreement  which  occurred  prior the Closing Date,  the
Seller shall be obligated to  repurchase  such Title I Loan in  accordance  with
Section  3.1(c) of the  Mortgage  Loan  Purchase  Agreement.  If the FHA  Claims
Administrator determines that the claim is a rejected claim due

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<PAGE>



to a servicing  failure,  the Master  Servicer  shall be obligated to repurchase
such Title I Loan at the Repurchase  Price within 45 days from the date on which
such rejection  notice is received by the Master Servicer.  Notwithstanding  any
provisions  herein to the contrary,  neither the Seller nor the Master  Servicer
shall be required  to  repurchase  any Title I Loan  rejected as a result of the
insufficiency of the FHA Reserves to cover such loss.

         (c) With respect to a Title I Loan that has been  accelerated  pursuant
to the requirements of Title I following the Master  Servicer's  efforts to cure
the default of the Title I Loan, in accordance  with the criteria for proceeding
against the property set forth in Section 3.16(a),  unless otherwise  prohibited
by applicable law or court or  administrative  order or the Title I Regulations,
the Master Servicer, on behalf of the Issuer may at any time, in accordance with
Section 3.07, institute foreclosure  proceedings,  exercise any power of sale to
the extent permitted by law, obtain a deed in lieu of foreclosure,  or otherwise
acquire  possession of or title to any property by operation of law or otherwise
in accordance with this Agreement.

         In connection  with any  foreclosure  proceeding on a Title I Loan, the
Master Servicer shall comply with the requirements under the Title I Regulations
and shall follow such  practices and  procedures in a manner which is consistent
with this Agreement respecting other Mortgage Loans.

         (d) The Title I Contract  Holder  shall  remit to the  Master  Servicer
within  one  Business  Day for  deposit in the  Custodial  Account  all  amounts
received  from the FHA or any other  Person with respect to the Title I Loans or
any other assets of the Trust.  The Title I Contract  Holder and, if applicable,
the FHA Claims  Administrator  shall  provide to the  Master  Servicer  (and the
Master Servicer shall provide to the Indenture Trustee the information  relating
to the Title I Loans  required  pursuant to Section  4.01) with  respect to each
Payment Date, on the Business Day  following the related  Determination  Date, a
written summary of any correspondence  received from the FHA including,  but not
limited  to,  any  correspondence  regarding  the  balance  of the FHA  Reserve,
premiums due and claims paid and claims rejected.

         (e) If,  prior to a  termination  pursuant  to  Section  8.08,  the FHA
rejects an insurance  claim,  in whole or part,  under the Contract of Insurance
after previously  paying such insurance claim and the FHA demands that the Title
I Contract  Holder  repurchase  such Title I Loan, the FHA Claims  Administrator
shall pursue such appeals with the FHA as are  reasonable.  If the FHA continues
to demand that the Title I Contract  Holder  repurchase  such Title I Loan after
the  FHA  Claims  Administrator  exhausts  such  administrative  appeals  as are
reasonable,  then FHA  Claims  Administrator  shall  notify the Title I Contract
Holder of such fact and the Title I Contract Holder shall instruct the Indenture
Trustee to cause the Trust to repurchase  such Title I Loan from funds available
in the Payment Account.  To the extent allowed by FHA, the Indenture Trustee may
repurchase  directly from FHA any Title I Loan for which an insurance  claim has
been paid and later  rejected  by FHA. If the FHA  indicates  in writing why the
claim was rejected or refused and such rejection or refusal constituted a breach
of the Seller's  representations  and warranties  contained in Section 3.1(b) of
the Mortgage Loan Purchase  Agreement  which occurred prior to the Closing Date,
the Seller shall be required to repurchase  such Title I Loan in accordance with
Section 3.1(c) of the Mortgage Loan Purchase Agreement.  If the FHA indicates in
writing,  or it is agreed by the Master  Servicer,  in connection with the FHA's
rejection  or refusal to pay a claim that such  rejection or refusal is due to a
failure to

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<PAGE>



service such Title I Loan in accordance  with Title I, the Master Servicer shall
repurchase  such Title I Loan at the  Repurchase  Price  within 45 days from the
date on which such rejection notice is received by the Master Servicer.

         (f) If, after a termination  pursuant to Section 8.08,  the FHA rejects
an insurance  claim,  in whole or part,  under the  Contract of Insurance  after
previously  paying such  insurance  claim and the FHA  demands  that the Title I
Contract Holder repurchase such Title I Loan, the FHA Claims Administrator shall
pursue such  appeals  with the FHA as are  reasonable.  If the FHA  continues to
demand that the Title I Contract  Holder  repurchase such Title I Loan after the
FHA Claims Administrator exhausts such administrative appeals as are reasonable,
the FHA Claims  Administrator  shall notify the Title I Contract  Holder of such
fact and the Title I Contract Holder shall repurchase such Title I Loan from the
FHA. If the FHA  indicates  in writing why the claim was rejected or refused and
such rejection or refusal is due to a breach of the Seller's representations and
warranties  contained in Section 3.1(b) of the Mortgage Loan Purchase  Agreement
that occurred prior to the Closing Date, the Seller shall be liable to reimburse
the Title I Contract  Holder for any amounts paid by the Title I Contract Holder
to the FHA in order to  repurchase  such Title I Loan.  If the FHA  indicates in
writing,  or it is agreed by the Master  Servicer,  in connection with the FHA's
rejection  or refusal to pay a claim that such  rejection or refusal is due to a
failure to  service  such  Title I Loan in  accordance  with Title I, the Master
Servicer shall  repurchase  such Title I Loan at the Repurchase  Price within 45
days from the date on which  such  rejection  notice is  received  by the Master
Servicer.

         (g) The FHA Claims  Administrator shall be entitled to reimbursement of
expenses  associated  with the filing of any FHA Insurance claim from and to the
extent that such amounts are reimbursed by HUD.

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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 Notes and
Certificates, to the extent applicable:

     (i)  the  aggregate  amount  of (a)  Interest  Collections,  (b)  Principal
Collections and (c) Substitution Adjustment Amounts;

     (ii) the amount of such  distribution  as principal to the  Noteholders  of
each Class of Notes;

                     (iii) the amount of such  distribution  as  interest to the
         Noteholders  of each Class of Notes,  separately  stating  the  portion
         thereof in respect of overdue accrued interest;

                      (iv) the amount of any Credit Enhancement Draw Amount;

                       (v) the  amount of such  distribution  as  principal  and
         interest  to the  Certificateholders  of the  Certificates,  separately
         stating  the portion  thereof  which  resulted  in a  reduction  of the
         Certificate Principal Balance thereof;

     (vi) the aggregate  Loan Balance of the Mortgage Loans as of the end of the
preceding Collection Period;

                     (vii) the number and  aggregate  Loan  Balances of Mortgage
         Loans (a) as to which the Monthly Payment is delinquent for 30-59 days,
         60-89 days and 90 or more days, respectively,  (b) that are foreclosed,
         (c) that have become REO, and (d) that have been finally liquidated due
         to being 180 days or more delinquent, 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;

     (viii)  the  weighted  average  Mortgage  Rate for the  related  Collection
Period;
                      (ix) the aggregate  Liquidation  Loss Amounts with respect
         to the related  Collection  Period,  the amount of any Liquidation Loss
         Distribution  Amounts with respect to the Notes,  and the  aggregate of
         the  Liquidation  Loss  Amounts  from all  Collection  Periods  to date
         expressed as dollars and as a percentage of the aggregate  Cut-off Date
         Loan Balance;


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                       (x) 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;

                      (xi) the aggregate Special Hazard 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;

                     (xii)  the Note  Balance  of each  Class  of Notes  and the
         Certificate  Principal Balance of the Certificates  after giving effect
         to the distribution of principal on such Payment Date;

     (xiii) the aggregate Servicing Fees for the related Collection Period;

     (xiv) the  Outstanding  Reserve  Amount,  the Special Hazard Amount and the
Reserve Amount Target immediately following such Payment Date;

                      (xv) with respect to the related  Collection  Period,  the
         aggregate  number and principal amount of Title I Loans on which an FHA
         Insurance  payment  has been  received  and the  aggregate  number  and
         principal  amount of Title I Loans on which  either  (i) the FHA Claims
         Administrator  has  submitted a claim for FHA  Insurance,  HUD rejected
         such  claim and the FHA  Claims  Administrator  has  determined  not to
         resubmit  such  claim,  or  (ii)  the  FHA  Claims   Administrator  has
         determined  not to submit a claim for FHA Insurance  because such claim
         would not be paid by HUD;

                     (xvi) the amount in the FHA  Reserves  available to pay FHA
         Insurance  claims  on the  Title I Loans  and the  amount,  if any,  of
         overdue FHA Insurance premiums; and

                    (xvii) the number and principal amount of Release Agreements
         entered  into  during the  calendar  year and since the  Closing  Date,
         stated separately for the Mortgage Loans (other than the Title I Loans)
         and the Title I Loans  and,  the  aggregate  outstanding  amount of the
         Release Agreements expressed as a percentage of the Pool Balance.

         In the case of information furnished pursuant to clauses (ii) and (iii)
above,  the amounts  shall be expressed as an aggregate  dollar  amount per Note
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 Issuer's written request, the Master Servicer shall promptly

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furnish  information  reasonably  requested  by the  Issuer  that is  reasonably
available to the Master Servicer to enable the Issuer to perform its federal and
state income tax reporting obligations.

         Section 4.02.  Tax  Reporting.  Residential  Funding  Corporation  (the
"Trust Tax  Matters  Person")  hereby  agrees (i) to cause the Issuer 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,  (ii) to cause the
Issuer to file or cause to be filed any  information  returns or reports  and to
make any elections or take any other similar  action  required for the Issuer to
be  classified  as a  partnership  for federal  income tax  purposes,  and (iii)
pursuant to Section 5.05 of the Trust Agreement, to act as "tax matters partner"
(as defined in Section  6231(a)(7)  of the Code) for the  Issuer.  The Trust Tax
Matters Person, as tax matters partner, shall (i) act on behalf of the Issuer in
relation  to any tax  matter  or  controversy  involving  the  Issuer  and  (ii)
represent the Issuer in any administrative or judicial proceeding relating to an
examination or audit by any governmental  taxing authority with respect thereto.
The legal  expenses,  including  without  limitation  attorneys' or accountants'
fees,  and costs of any such  proceeding and any liability  resulting  therefrom
shall be  expenses  of the  Issuer  and the Trust Tax  Matters  Person  shall be
entitled to reimbursement  therefor out of amounts  attributable to the Mortgage
Loans on deposit in the  Custodial  Account as provided  by Section  3.03 of the
Servicing  Agreement unless such legal expenses and costs are incurred by reason
of the  Trust  Tax  Matters  Person's  willful  misfeasance,  bad faith or gross
negligence.  Within 90 days after the end of each calendar  year,  the Trust Tax
Matters  Person shall cause the Issuer 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.

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                                    ARTICLE V

                                 Payment Account

         Section 5.01.  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 January 30, 1997,
between Home Loan Trust  1997-HI1  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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                                   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
mortgage  loans similar to those in the Mortgage Pool  (meaning,  mortgage loans
used for home improvement or debt consolidation),  is reasonably satisfactory to
the  Indenture  Trustee (as pledgee of the Mortgage  Loans),  the Issuer and the
Credit  Enhancer,  is willing to service the  Mortgage  Loans and  executes  and
delivers  to the  Indenture  Trustee  and the Issuer an  agreement,  in form and
substance reasonably  satisfactory to the Credit Enhancer, the Indenture Trustee
and the  Issuer,  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 and
is a Title I approved  servicer if required  pursuant to the Title I Regulations
to service the Title I Loans;  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
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 Issuer 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,

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liability or expense incurred 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
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 Mortgage  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 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
Issuer and the Indenture Trustee in writing and such proposed successor servicer
is  reasonably  acceptable to the Issuer,  the Indenture  Trustee and the Credit
Enhancer;  (b) each Rating  Agency shall have  delivered a letter to the Issuer,
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 Issuer 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
Mortgage Loans,  shall have assumed the Master Servicer's  responsibilities  and
obligations  hereunder  or the  Indenture  Trustee,  as pledgee of the  Mortgage
Loans,  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 and is a Title I approved servicer if required
pursuant to the Title I Regulations. Such delegation shall not relieve the

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<PAGE>



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
         Issuer,  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  Securityholders,  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  Issuer  or the  Indenture  Trustee  or to the  Master
         Servicer,  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 Issuer
         or the Indenture Trustee or to the Master Servicer,  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,  Indenture
         Trustee,  with  the  consent  of the  Credit  Enhancer,  or the  Credit
         Enhancer, by notice then given in writing

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         to the Master Servicer (and to 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 Mortgage Loans  hereunder  during any period
         prior to the date of such  termination  and the Issuer 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 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  Mortgage  Loans  or
         otherwise,  shall  pass to and be vested in the  Indenture  Trustee  as
         pledgee of the Mortgage Loans, 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 Mortgage 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
         Mortgage  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 Mortgage 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  Mortgage  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 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

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                                                        31

<PAGE>



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 Mortgage Loans 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 Mortgage 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
Mortgage Loan, (iv) fund any losses on any Permitted  Investment directed by any
other  Master  Servicer,  or (v) 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  Mortgage  Loans 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 and is a Title I approved lender if required pursuant to the Title I
Regulations 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 Mortgage 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
obligation  to purchase  Mortgage  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

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                                                        32

<PAGE>



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  Mortgage  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 Issuer and each Rating
Agency.

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                                                        33

<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 Loan Trust  1997- HI1,  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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<PAGE>



         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  Mortgage  Loans;  Partial  Redemption.  (a) The  respective
obligations  and  responsibilities  of the Master  Servicer,  the Issuer 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 Issuer of
         all Mortgage Loans and all property acquired in respect of any Mortgage
         Loan  at a price  equal  to 100% of the  unpaid  Loan  Balance  of each
         Mortgage Loan, plus accrued and unpaid interest thereon at the Mortgage
         Rate (less the  Servicing Fee 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.

The right of the Master  Servicer to purchase the assets of the Issuer  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
Mortgage  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 Mortgage Loans being purchased.

         (b) The Master Servicer,  at its expense,  shall prepare and deliver to
the Indenture  Trustee for  execution,  at the time the Mortgage Loans are to be
released  to the Master  Servicer,  appropriate  documents  assigning  each such
Mortgage Loan from the Indenture Trustee or the Issuer 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.

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                                                        35

<PAGE>



         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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                                                        36

<PAGE>



                                   ARTICLE IX

                     Concerning the Title I Contract Holder

         Section 9.01.     Compliance with Title I and Filing of FHA Claims.

                  (a) As of the Closing Date,  the Title I Contract  Holder has,
and shall at all times while any Notes are outstanding have, a valid Contract of
Insurance with the FHA covering the Title I Loans.  To the extent  applicable to
the duties of the Title I Contract Holder hereunder, the Title I Contract Holder
shall comply with the  requirements of the Title I Regulations and shall take or
refrain from taking such actions as are necessary or  appropriate  to maintain a
valid  Contract of  Insurance  for the Trust with the FHA  covering  the Title I
Loans.

                  (b)   Residential   Funding   Corporation,   as   FHA   Claims
Administrator, shall perform the duties associated with the submission of claims
under Title I in connection with the Contract of Insurance.

                  (c) If the Title I  Contract  Holder is no longer  Residential
Funding  Corporation,  the Title I Contract  Holder  shall not be deemed to have
violated this Section 9.01 and shall otherwise  incur no liability  hereunder if
any failure to  maintain a valid  Contract  of  Insurance  or to comply with the
requirements of Title I or any denial by FHA of an insurance claim under Title I
shall have been  caused by any act or  omission  of the Master  Servicer  or FHA
Claims Administrator in the performance of its duties hereunder.

         Section 9.02.     Regarding the Title I Contract Holder.

                  (a) The Title I  Contract  Holder  shall not  resign  from the
obligations  and  duties  imposed  on it by this  Agreement  as Title I Contract
Holder  except  upon a  determination  that  by  reason  of a  change  in  legal
requirements  or  requirements  imposed by the FHA the performance of its duties
under  this  Agreement  would  cause  it  to  be  in  violation  of  such  legal
requirements  or FHA imposed  requirements  in a manner  which would result in a
material  adverse  effect on the Title I  Contract  Holder or cause it to become
ineligible to hold the Contract of Insurance and the Credit Enhancer (so long as
a Credit  Enhancer  Default shall not have occurred and be  continuing)  and the
Noteholders by a majority  percentage  interest of the  outstanding  Notes (if a
Credit Enhancer Default shall have occurred and be continuing) does not elect to
waive the obligation of the Title I Contract  Holder to perform the duties which
render it legally unable to act or to delegate those duties to another Person or
if the  circumstances  giving  rise to  such  illegality  cannot  be  waived  or
delegated.  Any such  determination  permitting  the  resignation of the Title I
Contract  Holder  shall be evidenced by an Opinion of Counsel (at the expense of
the Title I Contract  Holder) to such effect  delivered  and  acceptable  to the
Indenture  Trustee  and the  Credit  Enhancer.  Upon  receiving  such  notice of
resignation,  the  Contract of  Insurance  shall be  transferred  to a qualified
successor,  provided that such successor meets the requirements of Title I, with
the consent of the Credit Enhancer by written instrument, in duplicate, one copy
of which  instrument shall be delivered to the resigning Title I Contract Holder
and one copy to the successor contract of insurance holder.  Notwithstanding the
foregoing,  the Title I  Contract  Holder  may  resign,  with the prior  written
consent of the Credit  Enhancer,  which may be withheld in its sole and absolute
discretion, upon transfer of the FHA Reserves with respect to

[NY01B:300369.2]  16069-00376  01/30/97 4:25pm
                                                        37

<PAGE>



the  Title I Loans  to a  contract  of  insurance  held by a  successor  Title I
Contract Holder provided,  however,  that any Contract of Insurance held by such
successor  Title I Contract shall satisfy the  requirements  of Title I, and, at
the time of succession, shall have a FHA insurance reserve not less than that of
the FHA Reserve at the time of succession.

                  (b) If at any  time (i) the  Contract  of  Insurance  shall be
revoked,  suspended or otherwise terminated, or (ii) the Title I Contract Holder
shall become incapable of acting, or shall be adjudged as bankrupt or insolvent,
or a  receiver  of the  Title I  Contract  Holder  or of its  property  shall be
appointed,  or any public  officer  shall take  charge or control of the Title I
Contract Holder or of its property or affairs for the purpose of rehabilitation,
conservation  or  liquidation,  then,  in any such case the Credit  Enhancer may
remove the Title I Contract Holder and appoint a successor contract of insurance
holder,  provided  that such  successor  meets the  requirements  of Title I, by
written  instrument,  in  duplicate,  one  copy of  which  instrument  shall  be
delivered  to the  Title I  Contract  Holder  so  removed  and  one  copy to the
successor  contract of  insurance  holder.  Upon removal of the Title I Contract
Holder,  the outgoing Title I Contract  Holder shall take any action required to
transfer the benefits of the FHA Reserve to the successor  contract of insurance
holder.

                  (c) Any  resignation or removal of the Title I Contract Holder
and appointment of a successor  contract of insurance  holder pursuant to any of
the provisions of this Section 9.02 shall become  effective  upon  acceptance of
appointment by the successor Title I contract holder.

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                                                        38

<PAGE>



         IN WITNESS WHEREOF,  the Master  Servicer,  Title I Contract Holder and
FHA Claims Administrator,  the Indenture Trustee and the Issuer 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, Title I Contract Holder
                               and FHA Claims Administrator


                      By:
                      Title: Director


                      HOME LOAN TRUST 1997-HI1


                      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


[NY01B:300369.2]  16069-00376  01/30/97 4:25pm

<PAGE>



                                    EXHIBIT A
                             MORTGAGE LOAN SCHEDULE






LN_ID                             ADDR_1
PROP_CITY          RFC_SEQ_ID           PROP_ST    PROP_ZIP         ORIG_AMT  
CUR_BAL            CUR_RT        APPRSL_VAL    FST_MORT     MLY_LIAB       
NOTE_DATE          MAT_DATE       ORG_TRM   REM_TRM    CLTV
OCCP  PROP_TYPE    LN_TYPE       LIEN_POSIT

 
 002540912         2526863        7651 S. WELLINGTON STR
 LITTLETON                               CO         80122           21,000
    20,966.99       14.50        165,000       129,975        1,537
 96/10/10       11/11/01          180       179        91.50
 Y       SFR          C          2
 049381307         2526864        171 CHICORY DRIVE
 WOLCOTT                                 CT         06716           52,000
    51,960.04       14.00        185,000       154,301        3,355
 96/10/22       16/10/28          240       238       111.51
 Y       SFR          C          2
 049401273         2526865        138 DALY ROAD
 HEBRON                                  CT         06248           75,000
    74,953.47       15.00        162,000       122,427        2,548
 96/10/21       21/11/01          300       299       121.87
 Y       SFR          C          2
 048403538         2526866        59 MARCONI AVENUE
 BRISTOL                                 CT         06010           37,000
    36,939.83       13.75        126,000       118,977        1,859
 96/07/15       21/08/01          300       296       123.79
 Y       SFR          C          2
 048406355         2526867        13661 PURDY STREET
 GARDEN GROVE                            CA         92844           75,000
    74,573.27       13.75        188,750       156,882        3,614
 96/09/09       11/09/19          180       177       122.85
 Y       SFR          C          2
 048624672         2526868        1806 ABERDEEN ROAD
 BALTIMORE                               MD         21234           25,250
    25,070.87       15.50        105,000       100,299        1,510
 96/09/26       06/10/01          120       118       119.57
 Y       SFR          C          2
 047566418         2526869        64 FARM DRIVE
 EAST HARTFORD                           CT         06108           40,000
    39,936.78       13.75        132,000       117,896        2,129
 96/07/26       21/08/07          300       296       119.62
 Y       SFR          C          2
 047588632         2526870        69 SHATTOCK AVENUE
 WARWICK                                 RI         02886           25,000
    24,914.93       13.75        105,000        98,580        1,415
 96/10/25       11/11/01          180       179       117.70
 Y       SFR          C          2
 048144147         2526871        38511 VIA ESCARLATA
 MURRIETA                                CA         92563           17,000
    16,988.41       14.49         65,000        44,426          484
 96/10/01       21/10/09          300       298        94.50
 Y       MHN          C          2
 045622251         2526872        44 BRAINARD ROAD
 ENFIELD                                 CT         06082           38,900
    38,843.88       14.25        115,000        93,782        1,260
 96/07/30       21/08/13          300       296       115.38
 Y       SFR          C          2
 0471267551        2526873        11717 LONE TREE COURT
 COLUMBIA                                MD         21044           50,000
    49,977.68       16.75        137,000       118,894        3,028
 96/07/12       21/10/01          300       298       123.28
 Y       SFR          C          2
 047448310         2526874        3410 BELLPLAIN COURT
 DUMFRIES                                VA         22026           19,050
    18,970.95       16.00        109,000       107,000        1,327
 96/09/09       11/09/13          180       177       115.64
 Y       SFR          C          2
 044586946         2526875        204 ALGONQUIN TURNPIKE
 TRUMBULL                                CT         06611           25,000
    24,966.96       17.99        165,000       127,177        2,797
 96/07/26       16/08/01          240       236        92.23
 Y       SFR          C          2
 044645658         2526876        87 CARD STREET
 LEBANON                                 CT         06249           29,800
    29,778.77       14.25        120,000       102,133        1,388
 96/09/30       21/10/04          300       298       109.94
 Y       SFR          C          2


<PAGE>
 
 045403897         2526877        440-442 MIGEON AVENUE
 TORRINGTON                              CT         06790           38,000
    37,942.07       14.75        130,000       106,500        1,251
 96/09/16       21/09/23          300       297       111.15
 Y       SFR          C          2
 044325862         2526878        10 JACKSON STREET
 PLYMOUTH                                CT         06782           40,000
    39,987.08       14.75        140,000        66,263        1,169
 96/10/30       21/11/05          300       299        75.90
 Y       SFR          C          2
 044367345         2526879        367 TUDOR STREET
 WATERBURY                               CT         06704           24,999
    24,969.86       16.75        119,000       107,439        1,743
 96/09/24       21/10/01          300       298       111.29
 Y       SFR          C          2
 044529661         2526880        2059 JAYBROOK DRIVE
 RANCHO PALOS VERDES                     CA         90275           69,000
    69,000.00       13.50        290,000       232,000          489
 96/11/04       16/12/15          240       240       103.79
 Y       SFR          C          2
 042509829         2526881        2037 EUCLID AVENUE
 CAMARILLO                               CA         93010           25,000
    24,984.47       14.99        180,000       161,765        2,234
 96/10/04       21/10/15          300       298       103.76
 Y       SFR          C          2
 043546573         2526882        56 BERKSHIRE ROAD
 ROCKY HILL                              CT         06067           41,000
    40,939.24       13.75        131,500       118,024        1,567
 96/10/18       21/10/25          300       298       120.93
 Y       SFR          C          2
 043603082         2526883        20 MASON HILL ROAD
 BROOKLYN                                CT         06234           45,000
    44,922.14       13.25        115,000        95,500        1,878
 96/07/26       21/08/07          300       296       122.17
 Y       SFR          C          2
 041504892         2526884        619 WINTHROP AVENUE
 NEW HAVEN                               CT         06511           25,000
    24,718.44       14.75        108,000       100,303        1,385
 96/08/27       11/09/01          180       177       116.02
 Y       SFR          C          2
 041506390         2526885        67 CELENTANO DRIVE
 NAUGATUCK                               CT         06770           24,000
    23,876.79       13.75        112,000        99,872        1,498
 96/09/06       11/09/13          180       177       110.60
 Y       SFR          C          2
 041761907         2526886        139 EAST SIDE BOULEVAR
 WATERBURY                               CT         06706           50,000
    50,000.00       14.75        127,000        99,652        1,797
 96/11/21       21/11/27          300       300       117.84
 Y       SFR          C          2
 039445239         2526887        240 GLAUDE LANE
 WOONSOCKET                              RI         02895           40,000
    39,903.42       13.75        117,000        99,804        1,793
 96/09/25       16/10/01          240       238       119.49
 Y       SFR          C          2
 040663853         2526888        187 EAST STREET
 STAFFORD                                CT         06076           40,000
    39,986.67       14.75        125,000       116,075        2,204
 96/11/21       21/11/27          300       299       124.86
 Y       SFR          C          2
 040705822         2526889        5234 CLIFF COURT SE
 OLYMPIA                                 WA         98513           27,400
    27,126.06       13.75        121,000       120,470        1,576
 96/08/14       16/09/01          240       237       122.21
 Y       SFR          C          2
 038448920         2526890        134 ROMA STREET
 EAST PROVIDENCE                         RI         02914           33,800
    33,774.02       14.00        145,000       120,607        1,725
 96/10/24       16/11/01          240       239       106.49
 Y       MHN          C          2


 039265883         2526891        5700 RACHEL LANE
 MIRA LOMA                               CA         91752           11,400
    11,306.01       12.99        135,000       129,518        1,425
 96/10/10       06/10/18          120       118       104.38
 Y       SFR          C          2
 039287340         2526892        3518 OLD CROWN DRIVE
 PASADENA                                MD         21122           40,000
    39,945.85       16.00        120,000        95,000        1,929
 96/10/30       11/11/04          180       179       112.50
 Y       SFR          C          2
 038225032         2526893        2381 HAVANA DRIVE
 CLEARWATER                              FL         34624           32,750
    32,597.48       14.75         67,000        51,000        1,562
 96/08/22       11/09/01          180       177       125.00
 Y       SFR          C          2
 038267706         2526894        23 PAOLINO STREET
 PROVIDENCE                              RI         02909           65,000
    64,666.36       13.75        118,000        69,880        2,415
 96/09/06       11/09/11          180       177       114.31
 Y       SFR          C          2
 038307035         2526895        81 ALFRED STREET
 WARWICK                                 RI         02886           22,000
    21,966.27       14.75        105,000        92,272        1,248
 96/11/04       11/11/08          180       179       108.83
 Y       SFR          C          2
 037405466         2526896        71 BRISTOL AVENUE
 PAWTUCKET                               RI         02861           36,000
    35,732.75       14.75        105,000        84,921        1,418
 96/09/20       06/09/25          120       117       115.16
 Y       SFR          C          2
 037481743         2526897        23 HAND STREET
 PAWTUCKET                               RI         02861           31,000
    30,755.35       13.75        100,000        94,000        1,768
 96/09/20       06/09/25          120       117       125.00
 Y       SFR          C          2
 037506651         2526898        193 OAKDALE AVENUE
 PAWTUCKET                               RI         02860           24,300
    24,269.81       14.25         96,000        79,500        1,415
 96/08/27       21/09/01          300       297       108.13
 Y       SFR          C          2
 036503538         2526899        222 MANOLLA AVENUE
 WARWICK                                 RI         02888           17,000
    16,858.14       14.25         99,000        94,288        1,168
 96/08/30       11/09/05          180       177       112.41
 Y       SFR          C          2
 037365771         2526900        2234 PUTNAM PIKE
 GLOCESTER                               RI         02814           38,600
    38,557.33       15.50        104,000        91,313        2,619
 96/11/02       21/11/05          300       299       124.92
 Y       SFR          C          2
 037366934         2526901        71 SHERMAN AVENUE
 BRISTOL                                 RI         02809           31,000
    30,840.87       13.75         88,000        72,000        1,205
 96/08/26       11/09/01          180       177       117.05
 Y       SFR          C          2
 036407610         2526902        49 POTTER DRIVE
 BELLINGHAM                              MA         02019           22,000
    21,753.51       14.75        111,000        89,197        1,506
 96/08/27       06/09/01          120       117       100.18
 Y       SFR          C          2
 036445083         2526903        60 BASSETT STREET
 PAWTUCKET                               RI         02861           30,100
    30,084.35       14.00        117,000       111,504        1,350
 96/10/16       21/10/21          300       298       121.03
 Y       SFR          C          2
 036445960         2526904        PO BOX 365
 GREENVILLE                              RI         02828           17,800
    17,629.14       14.50        110,000        87,000        1,579
 96/09/25       06/10/01          120       118        95.27
 Y       SFR          C          2

 
 035405716         2526905        143 MONTEREY DRIVE
 WEST WARWICK                            RI         02893           28,000
    27,785.82       14.25        122,000       102,039        1,906
 96/09/25       06/10/01          120       118       106.59
 Y       SFR          C          2
 036286179         2526906        2900 CASHEW STREET
 ANTIOCH                                 CA         94509           75,000
    74,941.42       13.75        158,000       113,000        2,199
 96/10/09       21/11/01          300       299       118.99
 Y       SFR          C          2
 036345019         2526907        131 NAUSAUKET
 WARNICK                                 RI         02886           29,000
    28,900.24       14.50        120,000        98,800        1,623
 96/10/26       11/11/01          180       179       106.50
 Y       SFR          C          2
 033621663         2526908        59 FOURTH STREET
 WORCESTER                               MA         01602           24,950
    24,857.96       14.75        106,000        93,023        2,023
 96/10/26       06/11/01          120       119       111.30
 Y       SFR          C          2
 034287800         2526909        302 CHANDLER WEST
 HIGHLAND                                CA         92346           43,000
    42,837.99       14.50        120,000        89,000        1,734
 96/10/04       16/11/01          240       239       110.00
 Y       SFR          C          2
 031342873         2526911        1 MEADOWLARK ROAD
 ENFIELD                                 CT         06082           30,000
    29,909.68       15.00        140,000       130,057        2,205
 96/09/27       11/10/03          180       178       114.33
 Y       SFR          C          2
 032561738         2526912        233 PARK STREET
 DORCHESTER                              MA         02124           19,000
    18,810.15       15.00        189,000       163,241        1,700
 96/09/25       16/10/01          240       238        96.42
 Y       SFR          C          2
 033300768         2526913        26 FISHER TERRACE
 WOBURN                                  MA         01801           34,000
    33,977.29       15.00        157,000       142,062        1,591
 96/11/02       16/11/07          240       239       112.14
 Y       SFR          C          2
 029545377         2526914        1624 NORTHEAST 12TH AV
 HILLSBORO                               OR         97124           24,000
    23,989.29       16.75        128,000       111,000        1,315
 96/09/25       21/10/02          300       298       105.47
 Y       SFR          C          2
 030309511         2526915        36996 MEADOWBROOK COMM
 FREMONT                                 CA         94536           40,000
    39,920.69       14.25        130,000       115,399        1,566
 96/06/21       21/07/01          300       295       119.54
 Y       SFR          C          2
 030528762         2526916        103 BRANCH ROAD
 EAST BRIDGEWATER                        MA         02333           36,300
    35,940.80       14.25        156,000       135,492        1,873
 96/09/25       06/10/01          120       118       110.12
 Y       SFR          C          2
 029304797         2526917        4024 DALE EVANS DRIVE
 LAS VEGAS                               NV         89108           30,000
    29,807.91       14.50        101,000        71,512          819
 96/08/24       11/08/28          180       176       100.51
 Y       SFR          C          2
 029527914         2526918        33 GRACE CIRCLE
 EAST TAUNTON                            MA         02718           25,000
    24,903.50       14.00        115,000       102,000        1,451
 96/10/22       06/11/01          120       119       110.43
 Y       SFR          C          2
 029543501         2526919        1115 TYLER AVENUE
 ANNAPOLIS                               MD         21403           10,000
     9,826.53       15.50         99,000        94,939        1,090
 96/09/30       06/10/04          120       118       106.00
 Y       SFR          C          2

 
 027508533         2526920        51 COMMONWEALTH AVENUE
 WEST BRIDGEWATER                        MA         02379           27,000
    26,966.04       14.99        142,000       115,000        2,318
 96/10/23       11/10/28          180       178       100.00
 Y       SFR          C          2
 028406110         2526921        9 BURT STREET
 BERKLEY                                 MA         02779           41,000
    40,728.85       14.50        135,000       119,079        2,115
 96/09/25       11/10/01          180       178       118.58
 Y       SFR          C          2
 028641362         2526922        12 SHORT STREET
 HANSON                                  MA         02341           23,500
    23,325.54       14.75        110,000        92,771        1,166
 96/09/25       06/10/01          120       118       105.70
 Y       SFR          C          2
 025426749         2526923        162 WEST MAIN STREET
 WEST BORROUGH                           MA         01581           33,900
    33,742.13       14.75        120,000       116,000        1,551
 96/08/08       11/09/01          180       177       124.92
 Y       SFR          C          2
 027340581         2526924        2336 LANDSFORD STREET
 LANCASTER                               CA         93535           40,000
    39,675.23       13.25        116,000       104,214        1,557
 96/10/04       06/10/15          120       118       124.32
 Y       SFR          C          2
 027347538         2526925        6538 BELHAVEN COURT
 RANCHO CUCAMONGA                        CA         91701           45,000
    44,656.66       13.75        218,000       161,744        3,909
 96/08/19       11/09/01          180       177        94.84
 Y       SFR          C          2
 023543581         2526926        55 CRAWFORD STREET
 HAVERHILL                               MA         01832           22,700
    22,543.75       13.75        124,000       114,691        1,812
 96/08/23       11/08/28          180       176       110.80
 Y       SFR          C          2
 024361004         2526927        16 COLONY WAY
 ALISO VIEJO                             CA         92656           64,500
    64,424.00       13.75        179,037       142,788        2,245
 96/08/23       21/09/16          300       297       115.78
 Y       COND         C          2
 024383852         2526928        3355 DEAVER DRIVE
 CORONA                                  CA         91720           40,000
    38,834.87       14.49        199,000       187,941        2,152
 96/04/16       16/04/24          240       232       114.54
 Y       SFR          C          2
 022602474         2526929        8990 19TH STREET
 ALTA LOMA                               CA         91701           22,500
    22,336.81       13.75         80,000        55,209        1,132
 96/07/31       11/08/15          180       176        97.14
 Y       SFR          C          2
 023503182         2526931        1713 FERNANDES STREET
 MODESTO                                 CA         95355           14,500
    14,482.91       13.75        121,500       118,000        1,455
 96/08/21       21/09/15          300       297       109.05
 Y       SFR          C          2
 021540842         2526932        9536 CABOOSE COURT
 SACRAMENTO                              CA         95827           25,000
    24,937.42       13.49        118,000       118,200        1,637
 96/10/03       16/10/08          240       238       121.36
 Y       SFR          C          2
 022467903         2526933        445 COYOTE CREEK CIRCL
 SAN JOSE                                CA         95116           25,000
    24,924.65       14.99        125,000       116,063        1,728
 96/09/30       11/10/15          180       178       112.85
 Y       COND         C          2
 022481907         2526934        4350 CECILIA COURT
 RIVERSIDE                               CA         92503           30,000
    29,955.07       14.99        140,000       121,233        2,617
 96/10/28       11/11/01          180       179       108.02
 Y       SFR          C          2

 
 020464304         2526935        66 HOBSON STREET
 BROCKTON                                MA         02402           20,300
    20,247.83       15.95         95,000        94,463        1,247
 96/08/26       16/09/01          240       237       120.80
 Y       SFR          C          2
 020488483         2526936        10208 60TH STREET
 MIRA LOMA                               CA         91752           23,000
    22,921.74       13.75        155,003       135,669        1,426
 96/10/25       11/11/01          180       179       102.37
 Y       SFR          C          2
 021481664         2526937        97 OREGON STREET
 EAST BRIDGEWATER                        MA         02333           33,900
    33,438.30       14.25        151,000       154,643        2,298
 96/09/23       06/09/27          120       117       124.86
 Y       SFR          C          2
 018620998         2526938        122 WASHINGTON STREET
 MALDEN                                  MA         02148           25,000
    24,255.03       15.99        195,000       185,000        2,317
 96/10/02       11/10/15          180       178       107.69
 Y       SFR          C          2
 019165049         2526939        15 WEYBOSSET STREET
 WEYMOUTH                                MA         02191           47,800
    47,728.63       14.25         85,000        51,855        1,166
 96/09/25       16/10/01          240       238       117.24
 Y       SFR          C          2
 020366584         2526940        200 LANDING ROAD #76
 HAMPTON                                 NH         03842           22,000
    21,936.97       15.50         92,000        67,311        1,821
 96/10/02       11/10/01          180       178        97.08
 Y       COND         C          2
 016564990         2526941        30 FAIR OAK ROAD
 SPRINGFIELD                             MA         01128           25,000
    24,877.77       14.25        120,000        96,304        2,237
 96/08/27       11/09/01          180       177       101.09
 Y       SFR          C          2
 018208215         2526942        4280 VIA ESPERANZA
 SANTA BARBARA                           CA         93110           75,000
    74,941.42       13.75        999,949       999,999       10,775
 96/09/16       21/09/23          300       297       107.51
 Y       SFR          C          2
 018544523         2526943        5751 ELINORA LANE
 CYPRESS                                 CA         90630           75,000
    74,851.00       13.75        162,000       124,750        2,231
 96/06/25       21/07/25          300       295       123.30
 Y       SFR          C          2
 014543286         2526945        710 SOUTH SYLVAN STREE
 ANAHEIM                                 CA         90804           50,000
    49,877.68       13.75        165,000       149,980        2,316
 96/08/01       16/08/20          240       236       121.20
 Y       SFR          C          2
 016522900         2526946        121 LANGDON FARM CIRCL
 ODENTON                                 MD         21113           42,700
    42,680.02       16.50        138,750       130,700        2,099
 96/09/24       21/10/01          300       298       124.97
 Y       SFR          C          2
 012347292         2526947        471 S. KALISPELL WAY #
 AURORA                                  CO         80017           19,000
    18,970.63       14.00        115,000        74,925        1,448
 96/10/02       16/10/24          240       238        81.67
 Y       COND         C          2
 012402412         2526948        3015 GARDEN COURT
 TRACY                                   CA         95376           75,000
    75,000.00       13.75        225,000       184,955        3,402
 96/10/31       22/01/02          300       300       115.54
 Y       SFR          C          2
 012464787         2526949        105 ARLINGTON STREET
 HYDE PARK                               MA         02136           34,200
    34,073.84       14.75        121,000       117,000        1,680
 96/10/22       06/11/01          120       119       124.96
 Y       SFR          C          2

 
 009428110         2526950        1366 CLEMSON AVENUE
 CLAREMONT                               CA         91711           29,050
    28,840.19       13.25        248,000       173,612        2,619
 96/08/06       11/08/15          180       176        81.72
 Y       SFR          C          2
 010748147         2526951        238 WALNUT STREET
 SAUGUS                                  MA         01906           49,500
    49,464.71       14.25        141,000       122,128        2,154
 96/09/03       21/09/09          300       297       121.72
 Y       SFR          C          2
 011286840         2526952        7083 ACORN STREET
 LAS VEGAS                               NV         89117           60,000
    59,846.85       12.99        135,000        94,900        2,477
 96/09/25       21/09/25          300       297       114.74
 Y       SFR          C          2
 006662383         2526953        760 EAST HARDING STREE
 LONG BEACH                              CA         90805           50,000
    49,487.30       14.49        157,900       133,920        2,917
 96/04/15       16/04/25          240       232       116.48
 Y       SFR          C          2
 006663033         2526954        1480 WEST EDGEHILL ROA
 SAN BERNARDINO                          CA         92405           14,000
    13,990.63       14.99         48,600        34,533          708
 96/09/28       16/10/12          240       238        99.86
 Y       COND         C          2
 0075402931        2526955        1521 LOCUST AVENUE #10
 LONG BEACH                              CA         90813           25,000
    24,877.74       14.25        145,000       116,000        1,877
 96/08/27       11/09/10          180       177        97.24
 Y       SFR          C          2
 006520177         2526956        40915 BENTON ROAD
 HEMET                                   CA         92544           35,000
    34,952.89       14.99        139,339       124,417        2,042
 96/10/04       16/10/15          240       238       114.41
 Y       SFR          C          2
 006526858         2526957        11731 37TH DRIVE SE
 EVERETT                                 WA         98208           30,000
    29,976.68       16.00        135,000       106,144        2,325
 96/08/27       21/09/15          300       297       100.85
 Y       SFR          C          2
 006549036         2526958        8636 FOBES DRIVE
 ANTELOPE                                CA         95843           24,950
    24,893.00       15.49        132,000       134,284        1,896
 96/07/31       16/08/09          240       236       120.63
 Y       SFR          C          2
 004660444         2526959        2904 HILLSDALE DRIVE
 PLEASANT HILL                           CA         94523           50,000
    49,950.66       14.75        189,500       179,000        1,622
 96/07/26       21/08/01          300       296       120.84
 Y       SFR          C          2
 004681376         2526960        11787 GRAY STREET
 BROOMFIELD                              CO         80020           35,000
    34,893.81       14.50        155,000       141,798        2,078
 96/07/08       16/08/02          240       236       114.06
 Y       SFR          C          2
 005724389         2526961        4312 PINEFIELD COURT
 RANDALLSTOWN                            MD         21133           30,000
    29,861.38       16.50        130,000       127,000        2,232
 96/10/29       11/11/04          180       179       120.77
 Y       SFR          C          2
 002547853         2526962        15349 HUNSAKER AVENUE
 PARAMOUNT                               CA         90723           25,000
    24,790.21       15.75        144,400       146,000        1,974
 96/07/10       11/07/15          180       175       118.42
 Y       SFR          C          2
 002648734         2526963        22665 BROOKHAVEN
 LAKE FOREST                             CA         92630           75,000
    74,916.90       14.25        250,000       173,000        2,483
 96/07/30       21/08/26          300       296        99.20
 Y       SFR          C          2

 
 003344583         2526964        2800 PAYMASTER TRAIL
 COOL                                    CA         95614           50,000
    49,962.94       16.25        148,748       127,816          920
 96/08/30       21/09/06          300       297       119.54
 Y       SFR          C          2
 003422156         2526965        4117 STURGEON COURT
 SAN DIEGO                               CA         92130           38,000
    37,949.97       14.75        303,000       307,750        5,336
 96/07/03       21/08/08          300       296       114.11
 Y       SFR          C          2
 004607113         2526966        52 MOSSWOOD DRIVE
 SUISUN CITY                             CA         94585           33,000
    32,967.61       14.75        135,000       132,802        1,345
 96/08/14       21/08/20          300       296       122.82
 Y       SFR          C          2
 115407928         2527108        920 16TH STREET
 SAN DIEGO                               CA         92154           45,700
    45,597.02       14.25        134,500       111,771        2,070
 96/08/30       16/10/03          240       238       117.08
 Y       SFR          C          2
 115467501         2527109        4031 E. HARTSON AVENUE
 SPOKANE                                 WA         99202           27,500
    27,419.72       14.50        102,500       100,259        1,266
 96/07/24       16/08/07          240       236       124.64
 Y       SFR          C          2
 115649685         2527110        4658 MONTEREY CIRCLE #
 LAS VEGAS                               NV         89109           10,000
     9,881.58       15.50         57,000        49,124          502
 96/10/02       06/10/15          120       118       103.73
 Y       COND         C          2
 112422367         2527111        11221 RELIANCE DRIVE
 RIVERSIDE                               CA         92505           33,000
    33,000.00       14.75        130,000       128,969        2,891
 96/12/02       11/12/10          180       180       124.59
 Y       SFR          C          2
 112429904         2527112        34 TWIN LAKES DRIVE
 WATERFORD                               CT         06385           31,200
    30,829.03       13.75        245,000       229,000        3,888
 96/08/27       06/09/01          120       117       106.20
 Y       SFR          C          2
 112564896         2527113        408 E. MANCHESTER ROAD
 SYRACUSE                                NY         13219           27,500
    27,489.78       13.99         83,000        74,863        1,314
 96/10/24       21/11/01          300       299       123.33
 Y       SFR          C          2
 111542868         2527114        6039 PEPPERWOOD AVENUE
 LAKEWOOD                                CA         90712           20,000
    19,737.50       14.25        158,000       146,522        2,186
 96/10/14       11/11/20          180       179       105.39
 Y       SFR          C          2
 111648591         2527115        1420 SOUTH MAIN STREET
 CORONA                                  CA         91720           45,000
    44,816.78       13.75        245,000       248,142        3,501
 96/06/25       16/07/02          240       235       119.65
 Y       SFR          C          2
 112408638         2527116        2283 PASO ROBLES STREE
 OCEANO                                  CA         93445           25,000
    24,919.06       13.75        125,000        90,202        1,088
 96/08/17       16/08/23          240       236        92.16
 Y       SFR          C          2
 110386472         2527117        7270 BRIENZA PLACE
 RANCHO CUCAMONGA                        CA         91701           10,400
    10,272.61       13.25        141,990       136,980        1,731
 96/08/08       06/09/01          120       117       105.02
 Y       SFR          C          2
 111400817         2527118        4239 CAMELLIA AVENUE
 STUDIO CITY                             CA         91604           75,000
    74,968.10       13.25        368,250       301,764        5,183
 96/10/25       21/11/28          300       299       102.31
 Y       SFR          C          2

 
 1114478531        2527119        1335 WEST 139TH STREET
 GARDENA                                 CA         90247           20,000
    19,972.41       14.50         98,000        74,480        1,090
 96/07/22       21/08/15          300       296        96.41
 Y       COND         C          2
 108687025         2527120        5656 MAMMOTH AVENUE
 VAN NUYS                                CA         91401           38,000
    37,862.87       14.99        158,000       147,890        2,101
 96/06/20       16/07/24          240       235       117.65
 Y       SFR          C          2
 109566775         2527121        1231 BARLEY CORN SQUAR
 HARRISBURG                              PA         17112           24,975
    24,969.72       17.00        116,000       106,000        1,293
 96/10/18       21/10/23          300       298       112.91
 Y       SFR          C          2
 107440995         2527122        1834 106TH AVENUE
 OAKLAND                                 CA         94603           32,500
    32,259.92       14.99        124,950       120,243        1,681
 96/06/07       16/06/14          240       234       122.24
 Y       SFR          C          2
 107487442         2527123        211 EAST 212TH STREET
 CARSON                                  CA         90745           44,000
    42,206.15       14.25        190,000       175,773        1,935
 96/10/18       21/11/07          300       299       115.67
 Y       SFR          C          2
 107629573         2527124        417 ANGUS PLACE
 STERLING                                VA         20164           25,500
    25,454.06       15.75        105,000       102,737        1,181
 96/07/31       21/08/23          300       296       122.13
 Y       SFR          C          2
 106442695         2527125        4002 NORA AVENUE
 COVINA                                  CA         91722           65,000
    64,959.59       14.99        165,000       138,061        2,092
 96/09/26       21/10/04          300       298       123.07
 Y       SFR          C          2
 106568593         2527126        2841 PITZER CIRCLE
 WEST SACRAMENTO                         CA         95691           49,000
    48,915.98       13.25        165,000       157,000        3,419
 96/09/04       16/10/07          240       238       124.85
 Y       SFR          C          2
 106627732         2527127        5526 WALTER STREET
 RIVERSIDE                               CA         92504           30,000
    29,964.65       13.75         85,000        64,060        1,333
 96/08/08       21/08/27          300       296       110.66
 Y       SFR          C          2
 105584556         2527128        8787 W. OCTILLO
 GLENDALE                                AZ         85305           28,900
    28,739.54       14.49        107,500       102,000        1,666
 96/05/03       16/05/09          240       233       121.77
 Y       SFR          C          2
 105683903         2527129        1308 TORINGTON DRIVE
 LAS VEGAS                               NV         89108           25,000
    24,905.38       15.49         97,500        94,114        1,605
 96/06/07       16/06/14          240       234       122.17
 Y       SFR          C          2
 106440384         2527130        7163 BATISTA STREET
 SAN DIEGO                               CA         92111           43,300
    42,952.72       14.75        165,000       162,535        2,249
 96/06/10       16/07/03          240       235       124.75
 Y       SFR          C          2
 105387982         2527131        12132 FIREBRAND STREET
 GARDEN GROVE                            CA         92640           35,000
    34,846.13       15.75        151,000       141,392        1,850
 96/08/20       11/09/17          180       177       116.82
 Y       SFR          C          2
 105485108         2527132        6809 CONQUISTADOR COUR
 COLORADO SPRINGS                        CO         80911           43,500
    43,292.20       13.75        120,000       106,311        1,828
 96/07/30       16/08/13          240       236       124.84
 Y       SFR          C          2

 
 105486964         2527133        17 SEQUERO
 RANCHO SANTA MARGARITA                  CA         92688           65,000
    64,796.64       14.00        325,000       292,472        3,505
 96/07/29       16/08/16          240       236       109.99
 Y       SFR          C          2
 104525402         2527134        27461 LA CABRA
 MISSION VIEJO                           CA         92691           37,500
    36,104.04       14.99        183,000       182,903        1,461
 96/05/07       06/05/14          120       113       120.44
 Y       SFR          C          2
 1045443931        2527135        38507 DESSERT VIEW DRI
 PALMDALE                                CA         93551           40,000
    39,965.79       13.25        146,000       140,765        2,614
 96/08/08       21/10/08          300       298       123.81
 Y       SFR          C          2
 105326828         2527136        15686 FIR STREET
 HESPERIA                                CA         92345           25,000
    24,981.45       14.25        135,000       109,144        1,421
 96/10/30       16/11/10          240       239        99.37
 Y       SFR          C          2
 102624188         2527137        5321 DEL MONTE AVENUE
 LAS VEGAS                               NV         89102           34,000
    33,879.46       14.75        115,000       109,000        1,335
 96/07/20       16/07/25          240       235       124.35
 Y       SFR          C          2
 103322421         2527138        3687 BRAEWOOD NORTH AV
 LAS VEGAS                               NV         89120           22,000
    21,984.31       14.25        130,000       106,491        1,363
 96/10/11       21/10/16          300       298        98.84
 Y       SFR          C          2
 103387199         2527139        8111 BAYONET WAY #101
 MANASSAS                                VA         20109           40,000
    39,975.19       15.00        105,000        90,957        1,785
 96/09/11       21/10/10          300       298       124.72
 Y       COND         C          2
 102268262         2527140        500 SOUTH LOARA STREET
 ANAHEIM                                 CA         92802           33,000
    32,930.65       14.75        175,000       148,940        1,296
 96/08/21       16/09/10          240       237       103.97
 Y       SFR          C          2
 102407293         2527141        8351 EAST HENDRIE STRE
 LONG BEACH                              CA         90802           38,000
    37,881.44       14.75        182,000       154,739        2,007
 96/10/02       11/10/01          180       178       105.90
 Y       SFR          C          2
 102522727         2527142        25671 LE PARC #5
 LAKE FOREST                             CA         92630           20,000
    19,979.42       14.49        115,000       116,513        1,796
 96/08/12       21/09/06          300       297       118.71
 Y       SFR          C          2
 098688353         2527143        180 IRISH LN
 ISLIP TERRACE                           NY         11752           75,000
    74,972.18       14.00        155,000       112,910        2,593
 96/10/28       21/11/02          300       299       121.23
 Y       SFR          C          2
 100563859         2527144        25825 VIA HAMACA AVENU
 MORENO VALLEY                           CA         92551           40,000
    39,833.75       13.75        125,000        91,234        1,936
 96/06/18       16/07/09          240       235       104.99
 Y       SFR          C          2
 100620178         2527145        1539 WILLSHIRE DRIVE
 COLORADO SPRINGS                        CO         80906           64,000
    64,000.00       13.25         88,000        45,403        1,307
 96/11/23       21/12/25          300       300       124.32
 Y       SFR          C          2
 096341000         2527147        2412 HARLEQUIN CIRCLE
 HENDERSON                               NV         89014           45,000
    44,763.71       13.75        241,900       183,000        1,490
 96/09/11       21/10/01          300       298        94.25
 Y       SFR          C          2

 
 097429443         2527148        102 LARRABEE STREET
 EAST HARTFORD                           CT         06108           47,900
    47,861.00       15.75        131,000       106,119        1,829
 96/09/09       21/09/16          300       297       117.57
 Y       SFR          C          2
 095287305         2527149        7207 YARROW WAY
 CITRUS HEIGHTS                          CA         95610           60,000
    59,317.24       14.49        190,000       168,892          891
 96/09/12       06/09/17          120       117       120.47
 Y       SFR          C          2
 095501125         2527150        18 ELZEY AVENUE
 ELMONT                                  NY         11003           45,500
    45,500.00       14.75        135,000       108,356        1,775
 96/10/30       16/11/20          240       240       113.97
 Y       SFR          C          2
 095521255         2527151        4211 BOYAR AVENUE
 LONG BEACH                              CA         90807           36,850
    36,619.75       14.75        160,000       163,147        3,015
 96/07/25       11/08/01          180       176       125.00
 Y       SFR          C          2
 093468866         2527152        43 DONEGAL AVENUE
 TROY                                    NY         12180           28,000
    27,907.02       14.00        100,000        89,772        2,232
 96/10/21       11/10/25          180       178       117.77
 Y       SFR          C          2
 094383255         2527153        14035 ROYAL MELBOURNE
 SAN DIEGO                               CA         92128           50,000
    49,950.95       14.75        180,000       127,448        2,128
 96/07/24       21/08/01          300       296        98.58
 Y       SFR          C          2
 092442066         2527154        5324 CATANZARO WAY
 ANTIOCH                                 CA         94509           20,000
    19,947.44       15.25        156,000       154,861        2,665
 96/07/25       16/08/15          240       236       112.09
 Y       SFR          C          2
 092622330         2527155        9387 LUFKIN WAY
 ELK GROVE                               CA         95758           50,000
    49,771.85       14.75        190,000       187,115        4,596
 96/08/12       21/08/16          300       296       124.80
 Y       SFR          C          2
 093402393         2527156        4290 EL MOOR WAY
 LAS VEGAS                               NV         89121           50,000
    49,863.16       14.75        126,000       105,267        2,000
 96/08/19       21/08/23          300       296       123.23
 Y       SFR          C          2
 089642777         2527157        608 ASHLAND DRIVE
 HUNTINGTON BEACH                        CA         92648           20,500
    20,463.88       16.00        194,000       192,320        2,222
 96/09/11       16/10/04          240       238       109.70
 Y       SFR          C          2
 090469642         2527158        7100 CHATEAUGAY LANE
 MIDLOTHIAN                              VA         23112           18,800
    18,786.71       16.50         81,000        81,000        1,004
 96/08/22       21/09/01          300       297       123.21
 Y       SFR          C          2
 092346700         2527159        5179 VIA SEVILLE
 OCEANSIDE                               CA         92056           75,000
    74,932.93       15.25        206,415       179,000        3,947
 96/09/04       21/09/12          300       297       123.05
 Y       SFR          C          2
 087561452         2527160        2198 JACQUELINE AVENUE
 NORTH BELLMORE                          NY         11710           55,795
    55,773.94       14.00        180,000       123,152        2,078
 96/10/28       21/11/02          300       299        99.42
 Y       SFR          C          2
 087563308         2527161        25102 CAMINO DEL MAR #
 LAGUNA NIGUEL                           CA         92677           34,500
    34,339.34       14.75        152,000       149,742        2,160
 96/07/22       11/08/23          180       176       121.21
 Y       COND         C          2

 
 088542342         2527162        10833 CEDAR TREE DRIVE
 MORENO VALLEY                           CA         92557           32,145
    31,751.52       14.99        115,000       111,605          927
 96/06/10       16/07/01          240       235       125.00
 Y       SFR          C          2
 084569115         2527163        3609 BELLFLOWER DRIVE
 ANTIOCH                                 CA         94509           25,000
    24,986.16       15.99        145,000       131,201        2,476
 96/08/16       21/09/27          300       297       107.72
 Y       SFR          C          2
 085505215         2527164        9171 OWARI LANE
 RIVERSIDE                               CA         92508           40,000
    39,136.47       14.75        165,000       161,990        2,219
 96/07/27       11/09/12          180       177       122.42
 Y       SFR          C          2
 086483060         2527165        16240 SOUTH WEST AUTUM
 ALOHA                                   OR         97007           70,600
    69,732.99       13.75        138,000        89,726        1,859
 96/09/17       11/10/08          180       178       116.18
 Y       SFR          C          2
 083526820         2527166        4 WILD HORSE LOOP
 RANCHO SANTA MARGARITA                  CA         92688           33,750
    33,721.12       15.49        132,000       123,350        1,761
 96/09/06       21/09/11          300       297       119.02
 Y       COND         C          2
 084361930         2527167        14520 MANSA DRIVE
 LA MIRADA                               CA         90638           42,000
    41,779.05       13.25        180,000       133,956        2,095
 96/06/06       16/06/14          240       234        97.75
 Y       SFR          C          2
 084448154         2527168        31200 LANDAU BOULEVARD
 CATHEDRAL CITY                          CA         92234           24,000
    23,882.64       14.25         90,000        61,700        1,208
 96/09/13       11/09/25          180       177        95.22
 Y       COND         C          2
 081508971         2527169        2302 GOLDEN CHAPEL RD
 ODENTON                                 MD         21113           67,700
    67,661.49       16.50        215,000       192,959        3,259
 96/09/30       21/10/04          300       298       121.24
 Y       SFR          C          2
 082529709         2527170        3239 GALLOWAY DRIVE
 SAN DIEGO                               CA         92122           60,000
    59,835.04       13.25        225,088       204,000        3,343
 96/09/09       21/09/15          300       297       117.29
 Y       SFR          C          2
 083504709         2527171        3708 PINE CREEK LANE
 OLYMPIA                                 WA         98503           25,000
    24,982.30       16.50        125,950       128,000        1,497
 96/09/04       21/09/11          300       297       121.48
 Y       SFR          C          2
 079528017         2527173        28519 FOREST OAKS WAY
 MORENO VALLEY                           CA         92555           61,000
    60,924.38       14.25        156,000       133,860        2,249
 96/10/07       21/10/28          300       298       124.91
 Y       SFR          C          2
 081323732         2527174        2635-102 DURANGO
 LAS VEGAS                               NV         89117           25,000
    24,823.31       13.50         98,000        93,100        1,725
 96/08/23       11/08/27          180       176       120.51
 Y       SFR          C          2
 077384785         2527175        12001 SE HENDERSON DRI
 PORTLAND                                OR         97266           30,000
    29,943.19       16.25        125,000        79,922        1,272
 96/09/23       21/09/27          300       297        87.94
 Y       SFR          C          2
 077626181         2527176        4343 FINLEY AVENUE #7
 LOS ANGELES                             CA         90027           20,000
    19,948.25       13.25        124,000       117,300        1,617
 96/09/05       16/09/15          240       237       110.73
 Y       COND         C          2

 
 078523724         2527177        28 NEWARK STREET
 LINDENHURST                             NY         11757           50,000
    50,000.00       14.00        156,000       136,000        1,946
 96/11/15       11/11/20          180       180       119.23
 Y       SFR          C          2
 075700174         2527178        106-11 223RD STREET
 QUEENS VILLAGE                          NY         11429           25,000
    24,948.45       15.00        155,000       154,350        1,807
 96/08/28       16/09/10          240       237       115.71
 Y       SFR          C          2
 076468553         2527179        66 WOODSMEADOW LN
 BRIGHTON                                NY         14623           52,000
    51,962.73       14.50         97,000        63,922        2,155
 96/11/08       16/11/14          240       239       119.51
 Y       SFR          C          2
 077364323         2527180        3378 CANYON ROAD
 TWENTY NINE PALMS                       CA         92277           20,000
    19,868.81       14.25         70,000        48,750          771
 96/07/11       11/07/17          180       175        98.21
 Y       SFR          C          2
 073184914         2527181        33175 VIA ALVARO
 TEMECULA                                CA         92592           50,000
    49,960.22       13.75        173,500       140,575        2,955
 96/10/26       16/11/15          240       239       109.84
 Y       SFR          C          2
 073504723         2527182        1730 STATZ STREET
 NORTH LAS VEGAS                         NV         89030           25,000
    24,644.84       15.49         86,000        57,123          870
 96/06/28       16/07/12          240       235        95.49
 Y       SFR          C          2
 075602278         2527183        4913 SANTO DRIVE
 AGOURA                                  CA         91301           33,000
    32,987.19       13.75        232,000       182,000        1,440
 96/10/29       21/11/05          300       299        92.67
 Y       COND         C          2
 072446829         2527184        2034 GRANITE BAR WAY
 GOLD RIVER                              CA         95670           75,000
    74,895.58       14.75        301,200       265,488        3,835
 96/08/31       16/10/01          240       238       113.04
 Y       SFR          C          2
 072584779         2527185        4988 BELLA COLLINA STR
 OCEANSIDE                               CA         92056           50,000
    49,971.68       15.49        171,179       162,504        2,245
 96/09/25       21/10/02          300       298       124.14
 Y       SFR          C          2
 069480572         2527186        30345 SIERRA MADRE DRI
 TEMECULA                                CA         92591           25,000
    24,747.95       13.25        155,000       153,085        2,678
 96/07/12       11/07/15          180       175       114.89
 Y       SFR          C          2
 069762538         2527187        4826 NORTH BOGART AVEN
 BALDWIN PARK                            CA         91706           55,000
    54,935.18       13.75        175,000       163,470        2,266
 96/09/04       21/09/10          300       297       124.84
 Y       SFR          C          2
 072368763         2527188        108 FRISBEE STREET
 VALLEJO                                 CA         94590           30,000
    29,881.34       14.49         75,000        47,500          806
 96/06/04       16/06/11          240       234       103.33
 Y       SFR          C          2
 063547863         2527189        2608 SPEAR STREET
 NORTH LAS VEGAS                         NV         89030           10,000
     9,418.30       15.75         50,000        47,611        1,125
 96/07/27       01/08/01           60        56       115.22
 Y       SFR          C          2
 0637646312        2527190        143 ABBEYWOOD LANE
 ALISO VIEJO                             CA         92656           25,000
    24,891.03       13.25        100,000        88,606          802
 96/07/26       16/08/01          240       236       113.61
 Y       COND         C          2

 
 068466664         2527191        835 SHIRLEY AVENUE
 SUNNYVALE                               CA         94086           28,000
    27,981.80       14.75        224,800       177,055        1,874
 96/09/21       21/10/02          300       298        91.22
 Y       SFR          C          2
 062728035         2527192        207 FREDERICK AVENUE
 ROOSEVELT                               NY         11575           45,000
    44,984.78       14.50        139,000       128,681        2,548
 96/10/17       21/10/17          300       298       124.95
 Y       SFR          C          2
 0632825931        2527193        24978 FAULHORN DRIVE
 CRESTLINE                               CA         92325           38,000
    37,972.77       14.50        114,500        99,325        2,401
 96/10/08       16/10/28          240       238       119.93
 Y       SFR          C          2
 063445359         2527194        331 E. PINE DRIVE
 BREMERTON                               WA         98310           30,000
    29,881.82       13.99        115,000       110,378        1,473
 96/06/12       16/07/11          240       235       122.07
 Y       SFR          C          2
 061349016         2527195        781 GERALDINE STREET
 LIVERMORE                               CA         94550           75,000
    74,941.42       13.75        225,000       164,000        3,391
 96/09/06       21/10/01          300       298       106.22
 Y       SFR          C          2
 061360491         2527196        215 ROBINHOOD ROAD
 CHESAPEAKE                              VA         23320           24,000
    23,769.26       16.00        150,000       153,000        1,858
 96/09/11       11/10/16          180       178       118.00
 Y       SFR          C          2
 062624702         2527197        13071 RAENETTE WAY
 MORENO VALLEY                           CA         92553           18,000
    17,122.58       14.50         99,000       104,628        1,680
 96/10/18       06/11/05          120       119       123.87
 Y       SFR          C          2
 058545499         2527198        1629 JAMES STREET
 NORTH LAS VEGAS                         NV         89030           36,000
    34,887.31       13.75         75,000        56,589        2,540
 96/06/25       06/07/16          120       115       123.45
 Y       SFR          C          2
 059346419         2527199        20614 CALHAVEN DRIVE
 SANTA CLARITA                           CA         91350           70,000
    69,940.11       13.25        220,000       172,822        3,551
 96/10/07       21/10/15          300       298       110.37
 Y       SFR          C          2
 059364957         2527200        11652 PASEO BONITA
 LOS ALIMITOS                            CA         90720           40,000
    39,663.66       14.75        350,000       299,000        3,210
 96/06/18       11/06/27          180       174        96.86
 Y       SFR          C          2
 054605788         2527201        21310 4OTH AVENUE EAST
 SPANAWAY                                WA         98387           37,500
    37,381.37       14.75        159,000       135,000        1,612
 96/09/12       21/09/23          300       297       108.49
 Y       SFR          C          2
 055549452         2527202        25226 CHESNUTWOOD
 LAKE FOREST                             CA         92630           40,000
    39,675.23       13.25        240,000       149,696        2,610
 96/09/30       06/10/10          120       118        79.04
 Y       COND         C          2
 0563692241        2527203        1250 AUBURN DRIVE
 COLORADO SPRINGS                        CO         80909           50,000
    49,925.66       13.75        140,000       115,921        1,699
 96/09/11       21/10/03          300       298       118.52
 Y       SFR          C          2
 049604710         2527204        3 CARTER LANE
 STAFFORD SPRINGS                        CT         06076           32,000
    31,965.58       14.25        130,000       118,042        1,158
 96/08/30       21/09/06          300       297       115.42
 Y       SFR          C          2

 
 053449974         2527205        1969 PARROTT STREET
 SAN DIEGO                               CA         92113           25,000
    24,767.93       16.49        125,000       127,187        1,520
 95/10/11       15/10/20          240       226       121.75
 Y       SFR          C          2
 053460062         2527206        4247 149TH PLACE
 FLUSHING                                NY         11355           26,000
    25,990.35       14.00        175,000       153,968        1,819
 96/10/31       21/11/05          300       299       102.84
 Y       SFR          C          2
 049423434         2527207        131 WESTERLY TERRACE
 COLCHESTER                              CT         06415           44,000
    43,936.52       14.25        135,000       115,874        1,659
 96/07/12       21/08/01          300       296       118.43
 Y       SFR          C          2
 179446288         2527208        948 WINDSAIL LANE
 STOCKTON                                CA         95206           22,000
    21,738.41       13.75        121,202       123,090        1,673
 96/08/20       06/09/09          120       117       119.71
 Y       SFR          C          2
 177364131         2527209        329 DEERFIELD
 IRVINE                                  CA         92606           36,500
    35,983.20       13.25        141,119       131,176        1,837
 96/09/26       11/10/04          180       178       118.82
 Y       SFR          C          2
 178328303         2527210        13355 DEAN AVENUE
 VICTORVILLE                             CA         92392           39,500
    39,173.83       14.99        170,000       157,833        1,994
 96/06/17       16/06/24          240       234       116.08
 Y       SFR          C          2
 179422793         2527211        322 GREYSTONE ROAD
 YORK                                    PA         17402           50,000
    49,980.68       17.50        104,500        77,998        1,366
 96/09/06       21/10/01          300       298       122.49
 Y       SFR          C          2
 176447700         2527212        9805 31ST AVENUE S.E.
 EVERETT                                 WA         98208           66,500
    66,440.19       15.25        145,000        93,307        2,026
 96/08/20       21/08/26          300       296       110.21
 Y       SFR          C          2
 176567320         2527213        1603 MANOR BOULEVARD
 LANCASTER                               PA         17603           23,000
    22,946.81       15.50         88,000        82,350        1,080
 96/08/14       21/09/01          300       297       119.72
 Y       SFR          C          2
 176569434         2527214        3307 ORRSTOWN ROAD
 ORRSTOWN                                PA         17244           20,100
    19,961.66       16.00         70,000        60,521        1,090
 96/10/14       06/10/18          120       118       115.17
 Y       SFR          C          2
 175364808         2527215        23920 GYMKHANA ROAD
 RAMONA                                  CA         92065           55,000
    54,978.64       13.75        235,000       226,682        3,058
 96/10/30       21/11/15          300       299       119.86
 Y       SFR          C          2
 175486393         2527216        12268 LADY MEADE CT #2
 WOODBRIDGE                              VA         22192           13,200
    13,148.23       16.50        101,000        87,000        1,549
 96/09/20       11/09/25          180       177        99.21
 Y       COND         C          2
 171565313         2527217        7 CREST AVENUE
 LANCASTER                               PA         17602           25,000
    24,740.19       16.00         89,900        85,000        1,413
 96/09/23       06/10/01          120       118       122.36
 Y       SFR          C          2
 172500071         2527218        856 WEST PAJABON DRIVE
 PALMYRA                                 PA         17078           31,200
    31,085.06       15.50        105,000        98,000        1,600
 96/09/19       16/09/24          240       237       123.05
 Y       SFR          C          2

 
 175285879         2527219        2996 ORCHID STREET
 FAIRFIELD                               CA         94533           32,000
    31,974.99       13.75        157,500       157,827        1,960
 96/10/07       21/10/11          300       298       120.53
 Y       SFR          C          2
 170525777         2527220        2595 RIDGE ROAD
 ELVERSON                                PA         19520           45,850
    45,543.99       16.50        137,500       126,000        2,186
 96/09/26       06/10/01          120       118       124.98
 Y       SFR          C          2
 170606563         2527221        1557 MOLLY COURT
 STOCKTON                                CA         95206           70,000
    69,719.12       14.75        187,500       163,184        2,787
 96/09/04       21/09/24          300       297       124.36
 Y       SFR          C          2
 171408517         2527222        2067 WEST 4300 SOUTH
 ROY                                     UT         84067           51,300
    50,442.94       10.40        151,000       105,631        2,584
 96/03/12       11/04/01          180       172       103.93
 Y       SFR          C          2
 169585494         2527223        5041 NOTH LINDA LOU AV
 COVINA                                  CA         91724           40,000
    39,987.08       14.75        190,000       170,822        2,146
 96/10/14       21/11/01          300       299       110.96
 Y       SFR          C          2
 170326885         2527224        237 VIA BALLENA
 SAN CLEMENTE                            CA         92672           50,000
    49,982.28       14.25        175,000       140,000        2,091
 96/10/08       21/11/01          300       299       108.57
 Y       SFR          C          2
 166345980         2527225        17702 SMOKE TREE STREE
 HESPERIA                                CA         92345           15,000
    14,780.93       14.25         67,000        66,357          903
 96/09/11       11/09/27          180       177       121.43
 Y       SFR          C          2
 167489225         2527226        355 BIRMINGHAM AVENUE
 PITTSBURGH                              PA         15210           27,000
    26,822.91       14.25         50,500        32,989          837
 96/09/26       11/08/21          180       176       118.79
 Y       SFR          C          2
 169487091         2527227        670 BRITANNIA DRIVE
 VALLEJO                                 CA         94591           60,000
    59,951.16       15.75        186,000       172,060        2,648
 96/09/04       21/09/19          300       297       124.76
 Y       SFR          C          2
 163580237         2527228        1723 W. CHERYL DRIVE
 PHOENIX                                 AZ         85021           22,000
    21,953.64       15.49         70,000        56,297        1,193
 96/08/31       16/09/09          240       237       111.85
 Y       SFR          C          2
 164528976         2527229        21011 MONISHA
 LAKE FOREST                             CA         92630           50,000
    49,772.92       13.75        225,000       201,196        3,202
 96/10/29       06/11/15          120       119       111.64
 Y       SFR          C          2
 165586007         2527230        1632 IRONSIDE DRIVE
 MODESTO                                 CA         95358           50,000
    49,927.89       14.25        149,000       116,000        2,499
 96/08/05       21/08/19          300       296       111.41
 Y       SFR          C          2
 161445227         2527231        1516 SANTA ROSALIA DRI
 NORTH LAS VEGAS                         NV         89031           37,500
    37,358.57       13.75        140,000       104,245        1,493
 96/09/12       21/10/07          300       298       101.25
 Y       SFR          C          2
 161626431         2527232        15 COVE COURT
 MONTROSS                                VA         22520           20,000
    19,866.51       16.50        120,000        86,000        2,372
 96/10/17       06/10/22          120       118        88.33
 Y       SFR          C          2

 
 163465916         2527233        7074 RUSTLING WINDS AV
 LAS VEGAS                               NV         89113           30,000
    29,943.17       15.49        154,000       145,666        3,413
 96/09/04       16/09/11          240       237       114.07
 Y       SFR          C          2
 160600961         2527234        11615 PAGOSI ROAD
 APPLE VALLEY                            CA         92308           18,000
    18,000.00       13.25         95,000        84,976        1,006
 96/11/12       16/12/20          240       240       108.40
 Y       SFR          C          2
 161322890         2527235        10948 ATKINSON AVENUE
 INGLEWOOD                               CA         90303           43,000
    42,941.41       13.75        160,000       139,421        1,869
 96/10/06       21/10/25          300       298       114.01
 Y       SFR          C          2
 161346821         2527236        2951 GREENDALE STREET
 LAS VEGAS                               NV         89121           50,000
    49,724.48       13.50        112,000        78,500        2,120
 96/09/30       11/10/04          180       178       114.73
 Y       SFR          C          2
 159447441         2527237        5212 43RD CT. S.E.
 LACEY                                   WA         98503           66,000
    65,913.13       14.75        166,000       133,051        1,624
 96/08/08       21/08/15          300       296       119.91
 Y       SFR          C          2
 159546342         2527238        1640 S. VILLAS LANE
 CHANDLER                                AZ         85248           25,000
    24,677.87       12.99        164,000       133,830        1,441
 96/05/20       11/06/01          180       174        96.85
 Y       SFR          C          2
 160324936         2527239        1830 N BUFFALO DRIVE #
 LAS VEGAS                               NV         89128           25,000
    24,919.27       14.75         85,000        69,965        1,314
 96/07/27       16/08/01          240       236       111.72
 Y       SFR          C          2
 157520999         2527240        1718 PENTUCKETT AVENUE
 SAN DIEGO                               CA         92104           25,000
    24,848.24       13.75        140,000        90,348        1,041
 96/07/19       16/08/01          240       236        82.39
 Y       SFR          C          2
 158344705         2527241        2628 DOUBLETREE LANE
 ROWLAND HEIGHTS                         CA         91748           45,000
    44,867.84       15.25        171,010       166,906        1,981
 96/09/23       11/10/10          180       178       123.91
 Y       SFR          C          2
 153646923         2527242        8300 WILLOW TREE
 CITRUS HEIGHTS                          CA         95621           23,200
    23,124.82       14.25         95,000        95,544        1,427
 96/08/12       11/09/01          180       177       124.99
 Y       SFR          C          2
 156481961         2527243        13 NEW MEADOW
 IRVINE                                  CA         92714           75,000
    74,758.89       15.25        395,000       313,434        4,943
 96/07/09       21/07/15          300       295        98.34
 Y       SFR          C          1
 156741829         2527244        1830 EAST ROOSEVELT CO
 VISALIA                                 CA         93292           26,450
    26,434.67       16.00         98,000        91,934        1,778
 96/10/22       16/11/06          240       239       120.80
 Y       SFR          C          2
 151567708         2527245        9845 OLD REDWOOD HIGHW
 WINDSOR                                 CA         95492           25,000
    24,839.65       14.75        175,000       140,816        2,184
 96/09/11       21/09/17          300       297        94.75
 Y       SFR          C          2
 152568776         2527246        21 GRENADA STREET
 LAGUNA NIGUEL                           CA         92677           28,500
    28,466.42       13.75         98,000        90,733        1,293
 96/08/29       21/09/15          300       297       121.67
 Y       SFR          C          2

 
 153589887         2527247        955 NORTH FERN STREET
 ANAHEIM                                 CA         92801           29,000
    28,863.81       13.75        138,000       134,594        1,593
 96/08/27       11/09/25          180       177       118.55
 Y       SFR          C          2
 148344321         2527248        2956 NOVUS STREET
 SARASOTA                                FL         34237           30,000
    29,974.41       15.50         92,000        67,766        1,171
 96/08/29       21/09/15          300       297       106.27
 Y       SFR          C          2
 148547086         2527249        12815 FANTASIA DRIVE
 HERNDON                                 VA         22070           75,000
    74,921.77       16.00        215,000       182,906        3,513
 96/07/27       21/08/15          300       296       119.96
 Y       SFR          C          2
 148762325         2527250        2940 BENJAMIN GREEN
 FREEMONT                                CA         94538           40,000
    39,942.23       14.49        200,000       184,663        2,624
 96/09/24       16/10/08          240       238       112.33
 Y       COND         C          2
 146246339         2527251        6924 JARVIS AVENUE
 NEWARK                                  CA         94560           30,000
    29,871.84       14.99        127,500        95,806        1,396
 96/10/07       21/10/16          300       298        98.67
 Y       COND         C          2
 146626749         2527252        1990 SCENIC RIDGE DRIV
 CHINO HILLS                             CA         91709           75,000
    74,949.84       14.99        256,000       230,400        2,996
 96/10/30       16/11/07          240       239       119.30
 Y       SFR          C          2
 146689111         2527253        7774 FALDA PLACE
 CARLSBAD                                CA         92009           50,000
    49,925.00       15.00        230,700       212,813        2,291
 96/11/04       11/11/15          180       179       113.92
 Y       SFR          C          2
 143706660         2527254        14133 COHASSET STREET
 VAN NUYS                                CA         91405           41,000
    40,869.16       13.25        165,000       158,743        1,968
 96/08/30       16/09/16          240       237       121.06
 Y       SFR          C          2
 144607807         2527255        4385 MALTA STREET
 DENVER                                  CO         80249           38,000
    37,945.83       14.75        110,000        94,908        1,892
 96/08/28       16/10/02          240       238       120.83
 Y       SFR          C          2
 145842756         2527256        416 NORTH ALDERDALE CI
 ANAHEIM                                 CA         92807           23,000
    22,876.12       13.25        177,000       161,067        2,206
 96/08/16       11/09/09          180       177       103.99
 Y       SFR          C          2
 143403807         2527257        6462 SUNNYFIELD WAY
 SACRAMENTO                              CA         95823           35,000
    34,928.89       14.99        124,572       119,386        1,701
 96/08/19       16/09/05          240       237       123.93
 Y       SFR          C          2
 143488474         2527258        3701 E. JOAN DE ARC AV
 PHOENIX                                 AZ         85032           30,250
    30,206.90       15.49         77,000        65,175        1,346
 96/10/18       11/10/28          180       178       123.93
 Y       SFR          C          2
 143680455         2527259        36705 JASMINE LANE
 RANCHO MIRAGE                           CA         92270           50,000
    49,672.06       14.25        289,000       259,623        4,581
 96/07/24       11/08/15          180       176       107.14
 Y       SFR          C          2
 142321468         2527260        7926 GRIMSLEY STREET
 ALEXANDRIA                              VA         22309           47,500
    47,152.66       15.00        169,000       163,303        2,723
 96/09/10       06/10/16          120       118       124.74
 Y       SFR          C          2

 
 142561339         2527261        7509 DERRYCLARE DRIVE
 RICHMOND                                VA         23228           33,750
    33,699.52       15.00        135,000       120,743        1,957
 96/09/19       11/10/16          180       178       114.44
 Y       SFR          C          2
 143320159         2527262        330 ALAMO DRIVE
 VACAVILLE                               CA         95688           35,400
    35,342.13       13.75        190,000       186,661        2,411
 96/06/25       21/08/01          300       296       116.87
 Y       SFR          C          2
 141527821         2527263        35579 ASTER DRIVE
 WILDOMAR                                CA         92595           60,000
    59,606.46       14.25        162,750       140,354        3,018
 96/08/05       11/08/13          180       176       123.11
 Y       SFR          C          2
 141601824         2527264        7513 N. 17TH DRIVE
 PHOENIX                                 AZ         85021           20,000
    19,945.45       14.99         89,000        75,168          905
 96/06/26       16/06/26          240       234       106.93
 Y       SFR          C          2
 1416860551        2527265        1171 FLINTLOCK RD
 DIAMOND BAR                             CA         91765           50,000
    49,950.95       14.75        200,000       194,675        3,968
 96/09/05       21/09/24          300       297       122.34
 Y       SFR          C          2
 138523115         2527266        509 GREEN ROSE ROAD
 COLUMBIA                                SC         29229           30,000
    29,364.18       13.75         98,000        78,033        1,176
 96/08/08       11/08/16          180       176       110.24
 Y       SFR          C          2
 139663778         2527267        36924 GOLDENVIEW WAY
 PALMDALE                                CA         93550           25,000
    24,945.52       14.49        102,000        57,600        3,064
 96/09/09       16/09/13          240       237        80.98
 Y       SFR          C          2
 141524247         2527268        1184 ZIRCON STREET
 CORONA                                  CA         91720           50,000
    49,607.07       14.75        160,000       120,720        2,775
 96/07/06       11/07/19          180       175       106.70
 Y       SFR          C          2
 137784222         2527269        2310 EASTRIDGE LOOP
 CHULA VISTA                             CA         91915           40,000
    39,914.95       15.99        190,000       196,830        3,822
 96/07/20       16/08/01          240       236       124.65
 Y       SFR          C          2
 138367644         2527270        10008 VICTORIA AVENUE
 RIVERSIDE                               CA         92503           74,000
    73,947.25       14.25        365,000       279,108        2,813
 96/09/24       21/10/09          300       298        96.74
 Y       SFR          C          2
 136421937         2527271        8913 EUCALYPTUS AVENUE
 CALIFORNIA CITY                         CA         93505           30,000
    29,964.65       13.75         82,212        61,335        1,027
 96/07/31       21/09/10          300       297       111.10
 Y       SFR          C          2
 137467257         2527272        23321 CAVANAUGH ROAD
 LAKE FOREST                             CA         92630           75,000
    74,650.73       14.75        195,000       125,786        2,612
 96/08/17       11/09/11          180       177       102.97
 Y       SFR          C          2
 134500393         2527273        12 PIERCE STREET
 STATEN ISLAND                           NY         10304           19,000
    18,938.43       14.25        150,000       146,000        2,059
 96/09/23       11/09/27          180       177       110.00
 Y       SFR          C          2
 135489894         2527274        34 HUNT CUP CIRCLE
 OWINGS MILLS                            MD         21117           35,000
    34,743.15       15.50        125,000        88,000        2,595
 96/07/15       11/08/01          180       176        98.40
 Y       SFR          C          2

 
 135687713         2527275        5707 NORTHEAST 12TH AV
 PORTLAND                                OR         97211           24,200
    24,182.06       16.25         94,000        93,266        1,390
 96/09/11       21/09/16          300       297       124.96
 Y       SFR          C          2
 133309744         2527276        3777 NECTARINE CIRCLE
 OCEANSIDE                               CA         92054           34,000
    33,248.19       14.49        162,000       120,311        1,601
 96/04/09       16/04/16          240       232        95.25
 Y       SFR          C          2
 133389303         2527277        1223 55TH STREET
 OAKLAND                                 CA         94608           25,000
    25,000.00       15.25        125,000        99,819        1,980
 96/11/01       16/11/06          240       240        99.86
 Y       SFR          C          2
 134448056         2527278        1012 NORTH POPPY STREE
 LOMPOC                                  CA         93436           14,000
    13,952.37       13.75        129,500       117,588        1,168
 96/09/30       11/10/10          180       178       101.61
 Y       SFR          C          2
 132289218         2527280        12504 HARLOW AVENUE
 RIVERSIDE                               CA         92503           37,500
    37,378.47       14.25        133,500       113,283        2,860
 96/09/06       11/09/27          180       177       112.95
 Y       SFR          C          2
 130349026         2527281        210 CHETTRO COURT
 HENDERSON                               NV         89014           45,000
    44,850.43       13.99        178,000       142,050        2,378
 96/10/08       11/10/14          180       178       105.08
 Y       SFR          C          2
 1314099231        2527282        66834 DESERT VIEW AVEN
 DESERT HOT SPRINGS                      CA         92240           40,000
    39,948.37       13.25         75,000        49,481        1,322
 96/09/09       21/09/15          300       297       119.31
 Y       SFR          C          2
 128324299         2527283        1951 OLMO WAY
 WALNUT CREEK                            CA         94598           40,000
    39,666.06       14.25        167,000       146,519        2,205
 96/09/07       11/09/19          180       177       111.69
 Y       COND         C          2
 128342254         2527284        3586 EAST SWEETWOOD ST
 SIMI VALLEY                             CA         93063           35,000
    34,976.13       14.49        180,000       168,901        2,560
 96/10/08       21/10/26          300       298       113.28
 Y       SFR          C          2
 130260913         2527285        11705 CLARK STREET
 MORENO VALLEY                           CA         92557           30,000
    29,981.34       14.99        140,000       144,144        1,594
 96/09/28       21/11/01          300       299       124.39
 Y       SFR          C          2
 126628121         2527286        630 SOUTH KNOTT STREET
 ANAHEIM                                 CA         92804           25,000
    24,990.29       13.75        104,000       102,434        1,299
 96/10/24       21/11/13          300       299       122.53
 Y       COND         C          2
 127268116         2527287        9657 BRIARWOOD AVENUE
 FONTANA                                 CA         92335           20,000
    19,982.94       13.25        262,000       263,247        3,771
 96/09/16       16/10/28          240       238       108.11
 Y       SFR          C          2
 128322176         2527288        1722 BROWNS POINT BOUL
 TACOMA                                  WA         98422           50,000
    49,587.56       13.99        177,000       140,977          607
 96/09/04       06/09/27          120       117       107.90
 Y       SFR          C          2
 125441631         2527289        445 AVENIDA PRESIDIO
 WALNUT                                  CA         91789           45,000
    45,000.00       13.25        196,750       189,124        4,129
 96/11/25       11/12/05          180       180       119.00
 Y       SFR          C          2

 
 1264618081        2527290        223 CORAL TREE DRIVE
 RIALTO                                  CA         92377           25,000
    24,732.30       13.49        143,000       140,361        2,038
 96/05/30       11/06/13          180       174       115.64
 Y       SFR          C          2
 126581626         2527291        278 UNION STREET
 ROSEVILLE                               CA         95678           29,500
    29,479.86       14.49        132,000       121,792        1,495
 96/09/27       21/10/02          300       298       114.62
 Y       SFR          C          2
 124566832         2527292        40552 CHANTILLY CIRCLE
 TEMECULA                                CA         92591           40,250
    39,972.92       13.75        124,000       114,434        1,749
 96/08/09       11/09/01          180       177       124.75
 Y       SFR          C          2
 125324139         2527293        19169 CORWIN ROAD
 APPLE VALLEY                            CA         92307           25,000
    24,956.74       13.25        110,000       100,853        1,279
 96/07/25       21/08/08          300       296       114.41
 Y       SFR          C          2
 124443711         2527294        7407 BELLEFIELD AVENUE
 FT. WASHINGTON                          MD         20744           39,000
    38,966.43       15.50        144,500       141,000        2,436
 96/09/19       21/09/24          300       297       124.57
 Y       SFR          C          2
 124487204         2527295        5113 PEARCE AVENUE
 LAKEWOOD                                CA         90712           40,000
    39,882.52       15.25        204,362       182,621        3,276
 96/09/24       11/10/04          180       178       108.93
 Y       SFR          C          2
 123381663         2527296        181 OAKLAND AVENUE
 MILLER PLACE                            NY         11764           33,200
    33,071.85       14.00        127,000        87,947        1,810
 96/10/23       06/10/28          120       118        95.39
 Y       SFR          C          2
 123547385         2527297        1888 NORTH ALICE
 RIALTO                                  CA         92376           30,000
    30,000.00       14.25         97,000        83,637        1,061
 96/11/11       21/12/15          300       300       117.15
 Y       SFR          C          2
 124409581         2527298        2848 WESTBOURNE LOOP
 PASCO                                   WA         99301           36,250
    36,195.15       13.99        115,000       107,000        1,331
 96/08/27       21/09/10          300       297       124.57
 Y       SFR          C          2
 121665705         2527299        132 CRANES HOLLOW ROAD
 AMSTERDAM                               NY         12010           26,100
    26,080.52       13.75         65,000        55,066        1,509
 96/10/01       21/10/07          300       298       124.87
 Y       SFR          C          2
 123261813         2527300        13803 PINKARD WAY #14
 EL CAJON                                CA         92021           17,000
    16,550.75       13.50        120,007       114,177        1,308
 96/09/24       16/10/02          240       238       109.31
 Y       SFR          C          2
 123349013         2527301        5620 SOUTH DAFFODIL PL
 BOISE                                   ID         83705           25,100
    25,057.53       13.75         95,000        89,691          155
 96/10/18       11/11/01          180       179       120.83
 Y       SFR          C          2
 117380815         2527302        2467 AVENIDA CATALUNA
 HENDERSON                               NV         89014           15,000
    14,971.57       15.49        128,000       119,377        1,711
 96/09/16       16/09/24          240       237       104.98
 Y       SFR          C          2
 118484350         2527303        4 BERKLEY STREET
 MERRIMACK                               NH         03054           48,300
    48,227.88       14.25        126,000       109,185        3,716
 96/09/25       16/10/01          240       238       124.99
 Y       SFR          C          2

 
 118582689         2527304        2254 NORTH HARTFORD AV
 FULLERTON                               CA         92831           25,000
    24,985.18       15.25        199,000       187,709        2,217
 96/10/08       21/10/15          300       298       106.89
 Y       SFR          C          2
 1163493921        2527305        632 NORTH KENWOOD STRE
 BURBANK                                 CA         91505           56,000
    55,978.25       13.75        195,250       151,293        2,238
 96/10/24       21/11/20          300       299       106.17
 Y       SFR          C          2
 116520150         2527306        42335 VIA CONSUELO
 TEMECULA                                CA         92592           35,000
    35,000.00       13.25        153,000       131,398        1,863
 96/10/29       11/12/15          180       180       108.76
 Y       SFR          C          2
 116708030         2527307        1031 AXLEWOOD CIRCLE
 BRANDON                                 FL         33511           25,000
    24,920.93       14.50         73,000        60,846        1,172
 96/09/27       11/10/15          180       178       117.60
 Y       SFR          C          2
 216527228         2527308        609 KITTENDALE CIRCLE
 BALTIMORE                               MD         21220           29,800
    29,677.34       16.00         95,000        87,291        1,978
 96/08/29       11/09/01          180       177       123.25
 Y       SFR          C          2
 216113124         2527309        9769 PEBBLE BROOK DRIV
 MORENO VALLEY                           CA         92557           37,000
    36,732.78       13.25        149,000       122,582        2,231
 96/07/24       11/08/09          180       176       107.10
 Y       SFR          C          2
 216463163         2527310        233 COLUMBIA DRIVE
 LODI                                    CA         95240           35,000
    34,976.13       14.49        120,000       106,374        1,393
 96/09/24       21/10/15          300       298       117.81
 Y       SFR          C          2
 216505561         2527311        8535 INSPIRATION AVENU
 WALKERSVILLE                            MD         21793           52,000
    51,987.91       16.50        152,000       138,000        2,183
 96/10/30       21/11/06          300       299       125.00
 Y       SFR          C          2
 215846210         2527312        2819 ONYX ROAD
 BALTIMORE                               MD         21234           20,600
    20,491.72       16.50         90,000        80,868        1,852
 96/08/09       11/09/01          180       177       112.74
 Y       SFR          C          2
 215846799         2527313        5221 TORRINGTON CIRCLE
 BALTIMORE                               MD         21237           15,000
    14,790.73       16.00        130,000       128,000        1,703
 96/08/30       21/09/01          300       297       110.00
 Y       SFR          C          2
 215943584         2527314        2614 NORTH BORTZ STREE
 ORANGE                                  CA         92865           48,000
    47,859.03       15.25        177,000       171,277        2,116
 96/09/18       11/10/11          180       178       123.89
 Y       SFR          C          2
 215782313         2527315        31 CARTWRIGHT COURT
 BALTIMORE                               MD         21237           12,500
    12,494.16       16.50         75,000        74,848        1,131
 96/09/27       21/10/01          300       298       116.46
 Y       SFR          C          2
 215787177         2527316        10565 JASON LANE
 COLUMBIA                                MD         21044           50,000
    49,642.70       16.00        122,500       100,000        3,006
 96/08/28       21/09/01          300       297       122.45
 Y       SFR          C          2
 215843032         2527317        6517 MEADOWFIELD COURT
 ELKRIDGE                                MD         21227           30,000
    29,660.86       16.50        230,000       216,154        3,913
 96/07/31       21/08/01          300       296       107.02
 Y       SFR          C          2

 
 215629591         2527318        4026 VIA ALDEA
 OCEANSIDE                               CA         92057           50,000
    49,311.70       14.49        135,000       115,027        1,755
 96/06/14       11/06/21          180       174       122.24
 Y       SFR          C          2
 215648615         2527319        307 SPRINGDALE COURT
 JOPPA                                   MD         21085           51,000
    50,244.81       15.50        142,000       122,408        3,455
 96/08/29       21/09/01          300       297       122.12
 Y       SFR          C          2
 215663609         2527320        2051 BOND ROAD
 PARKTON                                 MD         21120           50,000
    49,967.84       17.00        230,000       207,000        2,925
 96/09/30       21/10/04          300       298       111.74
 Y       SFR          C          2
 215045221         2527321        3713 GOODWILL COURT
 ABINGDON                                MD         21009           33,900
    33,652.07       15.50        137,000       124,080        2,293
 96/08/08       11/09/01          180       177       115.31
 Y       SFR          C          2
 215584391         2527322        5332 KING ARTHUR CIRCL
 BALTIMORE                               MD         21237           30,700
    30,573.66       16.00         88,000        78,000        1,250
 96/08/29       11/09/18          180       177       123.52
 Y       SFR          C          2
 215604519         2527323        8617 CASTERMILL CIRCLE
 BALTIMORE                               MD         21236           48,600
    48,574.99       16.00        105,000        81,000        1,514
 96/09/20       21/10/01          300       298       123.43
 Y       SFR          C          2
 214925326         2527324        40 LOUISE COURT
 RISING SUN                              MD         21911           16,250
    16,186.37       16.50         76,000        73,000        1,364
 96/08/23       11/09/01          180       177       117.43
 Y       SFR          C          2
 214948814         2527325        2960 CHAMPION WAY #210
 TUSTIN                                  CA         92680           25,000
    24,914.93       13.75        187,000       142,904        2,065
 96/10/14       11/10/15          180       178        89.79
 Y       COND         C          2
 215023729         2527326        440 FRONT ST. S
 ISSAQUAH                                WA         98027           35,000
    32,603.73       14.99        130,000       122,192        1,508
 96/04/19       16/05/01          240       233       121.01
 Y       SFR          C          2
 214800452         2527327        3604 WOODLEA AVENUE
 BALTIMORE CITY                          MD         21214           14,000
    13,532.45       16.00         85,000        70,538        1,182
 96/09/09       01/09/13           60        57        99.46
 Y       SFR          C          2
 214902495         2527328        662 PADDLEWHEEL COURT
 MILLERSVILLE                            MD         21108           23,000
    21,841.37       16.50        162,000        97,874        1,939
 96/07/31       21/08/01          300       296        74.61
 Y       SFR          C          2
 214920314         2527329        378 BUCK CASH DRIVE
 WESTMINISTER                            MD         21158           26,000
    25,729.81       16.00        130,000       116,700        1,775
 96/10/03       06/10/08          120       118       109.77
 Y       SFR          C          2
 214662917         2527330        BOX 31 RT #1 EDGAR WOO
 NEW PARK                                PA         17352           29,500
    29,378.58       16.00        130,000       116,000        1,534
 96/09/30       11/10/04          180       178       111.92
 Y       SFR          C          2
 214689676         2527331        5842 FIFER DRIVE
 ALEXANDRIA                              VA         22303           28,000
    27,987.50       16.75        102,000        96,041        1,187
 96/09/27       21/10/02          300       298       121.61
 Y       SFR          C          2

 
 214788778         2527332        8101 CALLO LANE
 BALTIMORE                               MD         21237           50,000
    49,976.58       16.50        163,000       153,000        2,214
 96/09/06       21/10/01          300       298       124.54
 Y       SFR          C          2
 214605797         2527333        3205 SUPERIOR LANE
 BOWIE                                   MD         20715           33,000
    32,980.45       15.25        155,000       140,997        2,405
 96/10/02       21/10/15          300       298       112.26
 Y       SFR          C          2
 214638303         2527334        1715 GILLINGHAM DRIVE
 BEL AIR                                 MD         21015           36,600
    36,503.09       17.00        245,000       219,000        2,485
 96/09/18       11/09/23          180       177       104.33
 Y       SFR          C          2
 214640848         2527335        2300 LOUISE AVENUE
 BALTIMORE                               MD         21214           21,500
    19,728.52       13.60         81,100        50,000          990
 95/10/06       10/11/01          180       167        88.16
 Y       SFR          C          2
 214528128         2527336        7525 KENT POINT ROAD
 STEVENSVILLE                            MD         21666           60,000
    59,966.08       15.50        378,000       314,000        3,656
 96/10/21       21/10/25          300       298        98.94
 Y       SFR          C          2
 214528853         2527337        1011 SUMMER HILL DRIVE
 ODENTON                                 MD         21113           64,050
    63,753.56       15.50        230,000       218,000        2,779
 96/08/30       21/09/01          300       297       122.63
 Y       SFR          C          2
 214567349         2527338        17640 CREST AVENUE
 MORGAN HILL                             CA         95027           28,000
    27,866.37       14.50        112,000        11,000        1,296
 96/07/28       11/09/11          180       177        34.82
 Y       SFR          C          2
 214155944         2527339        3325 GARRISON CIRCLE
 ABINGDON                                MD         21009           23,750
    23,717.83       16.50         95,000        95,000        1,563
 96/08/30       21/09/01          300       297       125.00
 Y       SFR          C          2
 214503675         2527340        6600 KRONE DRIVE
 BALTIMORE                               MD         21207           23,000
    22,980.35       15.50         95,000        78,000        1,289
 96/08/22       21/09/01          300       297       106.32
 Y       SFR          C          2
 214526522         2527341        1203 CHENIN BLANC CIRC
 ROSEVILLE                               CA         95747           15,000
    14,100.07       15.49        179,000       160,991        1,723
 96/06/27       16/07/11          240       235        98.32
 Y       SFR          C          2
 213880713         2527342        1826 WHITE OAK AVENUE
 BALTIMORE                               MD         21234           25,000
    24,938.38       17.00        156,000       151,000        2,253
 96/09/30       11/10/04          180       178       112.82
 Y       SFR          C          2
 213889537         2527343        6437 ROCKLEDGE COURT
 ELKRIDGE                                MD         21227           39,250
    39,096.34       16.50        119,000       107,000        1,975
 96/09/13       11/09/19          180       177       122.90
 Y       SFR          C          2
 214116745         2527344        240 LESSIN DRIVE
 LUSBY                                   MD         20657           37,000
    36,985.06       17.50        108,000        91,557        1,407
 96/09/19       21/10/04          300       298       119.03
 Y       SFR          C          2
 213763956         2527345        300 BARROWS COURT
 HAVRE DE GRACE                          MD         21078            8,400
     8,286.33       16.50        136,000       126,000        1,836
 96/07/30       06/08/01          120       116        98.82
 Y       SFR          C          2

 
 213806772         2527346        1 CHATTERLY COURT
 PERRY HALL                              MD         21128           71,000
    70,963.45       16.00        120,000        78,479        2,535
 96/09/25       21/10/01          300       298       124.57
 Y       SFR          C          2
 213846680         2527347        2915 HOBBLE BUSH COURT
 GLEN-ARDEN                              MD         20785           25,000
    24,964.42       15.50        156,000       126,000        1,546
 96/10/16       11/11/06          180       179        96.79
 Y       SFR          C          2
 213587254         2527348        18520 CAPE JASMINE WAY
 GAITHERSBURG                            MD         20879           75,000
    74,977.94       15.25        210,000       178,003          551
 96/09/30       21/10/15          300       298       120.48
 Y       SFR          C          2
 213624096         2527349        10820 HASBROOK ROAD
 SAN DIEGO                               CA         92131           40,000
    39,950.57       13.49        222,441       198,887        2,424
 96/09/05       21/09/12          300       297       107.39
 Y       SFR          C          2
 213726673         2527350        2719 LONG MEADOW DRIVE
 ABINGDON                                MD         21009           26,000
    25,448.05       15.50        115,000        96,000        2,037
 96/08/29       06/09/01          120       117       106.09
 Y       SFR          C          2
 213465120         2527351        2004 LEWISDALE DRIVE
 HYATTSVILLE                             MD         20783           50,000
    49,918.03       16.50        138,000        99,866        2,147
 96/08/08       16/09/01          240       237       108.60
 Y       SFR          C          2
 213524078         2527352        728 SPOTTERS COURT
 HAMPSTEAD                               MD         21074           30,000
    29,345.45       16.50        165,000       142,000        2,660
 96/10/18       01/10/23           60        58       104.24
 Y       SFR          C          2
 212941647         2527353        8830 LONGS MILL ROAD
 ROCKY RIDGE                             MD         21778           28,750
    28,736.53       16.50        113,000       112,000        2,102
 96/09/20       21/10/01          300       298       124.56
 Y       SFR          C          2
 212989859         2527354        15 CARRIAGE WALK COURT
 GAITHERSBURG                            MD         20879           50,000
    49,794.41       16.75        167,000       157,531        3,253
 96/10/04       21/10/15          300       298       124.27
 Y       SFR          C          2
 213069648         2527355        1921 AUGUST AVENUE
 BALTIMORE                               MD         21222           25,400
    25,151.66       17.00         89,000        70,000        1,955
 96/09/18       06/09/18          120       117       107.19
 Y       SFR          C          2
 212662618         2527356        3883 STERLING WAY
 COLUMBIA                                PA         17512           16,000
    15,853.54       16.50        192,000       163,000        2,720
 96/08/16       11/09/01          180       177        93.23
 Y       SFR          C          2
 212706497         2527357        204 MARLEY STATION ROA
 GLEN BURNIE                             MD         21060           27,500
    27,340.37       15.50        170,000       143,185        1,648
 96/07/23       11/08/01          180       176       100.40
 Y       SFR          C          2
 212800208         2527358        2 A TYLER FALLS COURT
 BALTIMORE                               MD         21209           13,000
    12,764.89       15.50        117,000       105,000        1,078
 96/08/26       06/09/01          120       117       100.85
 Y       COND         C          2
 212409707         2527359        215 TIMER GROVE ROAD
 OWINGS MILLS                            MD         21117           37,000
    36,448.46       13.15        106,000        67,000        2,231
 96/03/29       11/04/01          180       172        98.11
 Y       COND         C          2

 
 212443988         2527360        8807 HAYSHED LANE
 COLUMBIA                                MD         21045           17,000
    16,933.45       16.50        109,000        92,099        2,337
 96/08/08       11/09/01          180       177       100.09
 Y       COND         C          2
 212627998         2527361        6503 CHURCH STREET
 SYKESVILLE                              MD         21784           31,000
    30,849.87       16.00        130,000       117,000        1,457
 96/08/21       21/09/01          300       297       113.85
 Y       SFR          C          2
 212028750         2527362        832 LANNERTON ROAD
 BALTIMORE                               MD         21220           36,300
    36,279.48       15.50         80,000        55,000        1,421
 96/10/22       21/10/28          300       298       114.13
 Y       SFR          C          2
 212088701         2527363        1018 STORMONT CIRCLE
 BALTIMORE                               MD         21227           21,000
    20,985.12       16.50         98,000        95,695        1,228
 96/08/01       21/09/01          300       297       119.08
 Y       SFR          C          2
 212286809         2527364        124 TALBOT ROAD
 STEVENSVILLE                            MD         21666           50,000
    49,989.43       17.00        119,000        98,015        3,033
 96/10/23       21/11/01          300       299       124.38
 Y       SFR          C          2
 208408045         2527365        4280 YUKON AVENUE
 SIMI VALLEY                             CA         93063           75,000
    74,938.92       15.75        260,000       245,367        4,968
 96/09/13       21/09/24          300       297       123.22
 Y       SFR          C          2
 211503213         2527366        2209 HAVERFORD DRIVE
 CHESAPEAKE                              VA         23320           25,500
    25,324.52       16.00         98,000        90,000        1,589
 96/09/19       06/10/01          120       118       117.86
 Y       SFR          C          2
 211526269         2527367        920 EAST FAIRMONT ROAD
 BURBANK                                 CA         91501           75,000
    74,715.42       13.49        225,000       170,203        2,497
 96/07/25       16/09/02          240       237       108.98
 Y       SFR          C          2
 204304783         2527368        210 CHERRY STREET SW
 VIENNA                                  VA         22180           17,500
    17,486.38       16.00        170,500       170,714        1,882
 96/09/18       21/09/23          300       297       110.39
 Y       SFR          C          2
 205380709         2527369        100 WRENTHAM STREET
 FOLSOM                                  CA         95630           62,000
    61,897.55       13.99        219,000       202,503        3,659
 96/10/17       11/10/23          180       178       120.78
 Y       SFR          C          2
 206968483         2527370        5517 GLENALLEN STREET
 SPRINGFIELD                             VA         22151           36,000
    35,969.02       14.75        162,000       152,000        1,715
 96/10/28       16/11/01          240       239       116.05
 Y       SFR          C          2
 202309511         2527371        37298 BUNCHBERRY LANE
 MURRIETA                                CA         92562           56,000
    55,712.53       13.75        173,000       158,244        1,849
 96/09/23       11/10/08          180       178       123.84
 Y       SFR          C          2
 203345559         2527372        10065 RIVER OAKS DRIVE
 STOCKTON                                CA         95209           35,250
    35,077.61       14.25        160,500       140,245        2,277
 96/08/26       11/09/01          180       177       109.34
 Y       SFR          C          2
 201362206         2527373        24705 ASTER ROAD
 ORO GRANDE                              CA         92368           75,000
    74,975.78       14.75        168,000       124,464        1,558
 96/10/30       21/11/14          300       299       118.73
 Y       SFR          C          2

 
 201406045         2527374        25759 PALERMO COURT
 MURRIETA                                CA         92562           75,000
    74,935.84       13.25        214,000       161,252        2,816
 96/09/09       21/10/01          300       298       110.40
 Y       SFR          C          2
 201508798         2527375        7903 DELLA ROSA COURT
 PASADENA                                MD         21122           11,000
    10,573.79       14.99        107,500        98,163          915
 95/09/19       10/10/01          180       166       101.55
 Y       SFR          C          2
 200501377         2527376        2427 BRANCHWOOD COURT
 RICHMOND                                CA         94806           38,500
    38,292.63       13.25        152,000       149,000        2,325
 96/08/02       11/09/05          180       177       123.36
 Y       COND         C          2
 200588157         2527377        3435 MOUNT VERNON AVEN
 BROOKHAVEN                              PA         19015           40,000
    39,524.38       13.75        120,000        88,165          928
 96/09/05       06/09/10          120       117       106.80
 Y       SFR          C          2
 200602597         2527378        53 NEAGLE STREET
 NAUGATUCK                               CT         06770           25,500
    25,304.93       14.25        115,000        97,019        1,265
 96/10/21       06/10/25          120       118       106.54
 Y       SFR          C          2
 198402430         2527379        8320 BRITTANY HARBOR D
 LAS VEGAS                               NV         89128           50,000
    49,751.93       14.49        185,000       134,200        2,005
 96/04/19       16/05/03          240       233        99.57
 Y       SFR          C          2
 199529251         2527380        56 CAMP STRAUSS ROAD
 BETHEL                                  PA         19507           24,000
    23,841.25       16.50        145,000       127,267        2,206
 96/07/31       11/08/01          180       176       104.32
 Y       SFR          C          2
 196585293         2527381        1702 CROSS BAY COURT
 SEVERN                                  MD         21144           36,000
    35,972.03       16.00        190,000       174,000        2,018
 96/08/22       21/09/01          300       297       110.53
 Y       SFR          C          2
 196609317         2527382        6588 E HOLLOW DRIVE
 E PETERSBURG                            PA         17520           25,000
    24,930.14       15.75         92,000        87,422        1,451
 96/09/06       11/10/01          180       178       122.20
 Y       SFR          C          2
 192425342         2527383        648 MONTEREY ROAD
 PALM SPRINGS                            CA         92262           29,950
    29,831.55       14.49        112,000       109,304        1,666
 96/06/10       16/06/18          240       234       124.33
 Y       SFR          C          2
 194562145         2527384        2959 VILLAGE SQUARE DR
 DOVER                                   PA         17315           21,850
    21,839.77       16.50         91,810        91,000        1,158
 96/09/12       21/09/17          300       297       122.92
 Y       SFR          C          2
 196489624         2527385        11506 TIMBERWOOD ROAD
 LOCUST GROVE                            VA         22508           25,000
    24,964.51       17.50        114,000       104,000        1,297
 96/08/24       16/09/12          240       237       113.16
 Y       SFR          C          2
 190383508         2527386        11567 SUMMER OAK DRIVE
 GERMANTOWN                              MD         20874           10,400
    10,397.46       16.25        122,000       121,309        2,191
 96/10/17       21/11/06          300       299       107.96
 Y       SFR          C          2
 190464022         2527387        1117 TATEM AVENUE
 PORTSMOUTH                              VA         23701           40,000
    39,707.50       15.00        105,000        86,826        1,564
 96/09/28       06/10/17          120       118       120.79
 Y       SFR          C          2

 
 192408034         2527388        208 SOUTH CAROLINA AVE
 PASADENA                                MD         21122           26,000
    25,979.78       16.00        137,000       133,777        3,524
 96/08/21       21/09/01          300       297       116.63
 Y       SFR          C          2
 189402099         2527389        732 WEST 255TH STREET
 HARBOR CITY                             CA         90710           29,250
    29,099.85       13.75        135,602       104,165        1,686
 96/08/14       11/08/21          180       176        98.39
 Y       COND         C          2
 189446437         2527390        802 KIMBERLY WAY
 STEVESVILLE                             MD         21666           11,200
    10,825.94       16.00        130,000       126,097        1,952
 96/09/11       01/09/16           60        57       105.61
 Y       SFR          C          2
 189547209         2527391        9507 SNEAD COURT
 LAUREL                                  MD         20708           38,500
    38,490.61       16.25        118,000       109,000        2,072
 96/10/21       21/10/28          300       298       125.00
 Y       SFR          C          2
 186546682         2527392        2209 WINDJAMMER DRIVE
 WOODBRIDGE                              VA         22192           43,000
    42,969.58       16.50        155,000       147,000        1,948
 96/09/27       21/10/02          300       298       122.58
 Y       SFR          C          2
 187465603         2527393        3339 LIVINGSTON STREET
 SALEM                                   OR         97303           35,600
    35,571.67       13.75         87,500        59,319        1,900
 96/11/01       16/11/20          240       239       108.48
 Y       SFR          C          2
 1886062661        2527394        3325 IRVINDALE WAY
 ANTELOPE                                CA         95843           55,000
    54,904.41       14.75        140,000       100,479        1,617
 96/09/03       21/09/09          300       297       111.06
 Y       SFR          C          2
 183603877         2527395        6004 CHATHAM DRIVE
 MORGANTOWN                              PA         19543           25,650
    24,354.17       15.50         91,000        79,442        1,141
 96/07/31       11/08/01          180       176       115.49
 Y       SFR          C          2
 184441217         2527396        2316 CASCADE STREET
 LAS VEGAS                               NV         89122           61,500
    61,500.00       13.25        109,800        75,600        1,870
 96/11/13       21/12/28          300       300       124.86
 Y       SFR          C          2
 185529193         2527397        13409 KERRYDALE ROAD
 WOODBRIDGE                              VA         22193           54,000
    53,946.28       16.25        125,000       102,041        1,767
 96/07/31       21/08/27          300       296       124.83
 Y       SFR          C          2
 183563019         2527398        720 SOUTHVIEW PLACE
 LEESBURG                                VA         20176           36,000
    35,980.59       15.75        192,000       166,336        2,724
 96/09/24       21/10/10          300       298       105.38
 Y       SFR          C          2
 183564879         2527399        7224 FAIRBROOK ROAD
 BALTIMORE                               MD         21244           24,000
    23,989.77       17.00        120,000       112,830        1,441
 96/09/18       21/09/23          300       297       114.03
 Y       SFR          C          2
 183567280         2527400        1718 MARSH DRIVE
 MARYSVILLE                              CA         95901           26,700
    26,572.58       14.50        135,000       129,903        2,216
 96/08/27       11/09/11          180       177       116.00
 Y       SFR          C          2
 182388359         2527401        5013 SOUTH FIFE STREET
 TACOMA                                  WA         98409           33,000
    32,989.23       14.99         86,500        67,386        1,036
 96/11/01       21/11/08          300       299       116.05
 Y       SFR          C          2

 
 183345400         2527402        8595 WEST WASHBURN ROA
 LAS VEGAS                               NV         89129           50,000
    49,925.64       14.25        200,000       139,003        2,080
 96/09/06       16/09/18          240       237        94.50
 Y       SFR          C          2
 183381668         2527403        4630 BEECHNUT WAY
 SACRAMENTO                              CA         95823           69,000
    68,903.93       14.75        119,000        77,032        1,857
 96/09/04       16/10/15          240       238       122.72
 Y       SFR          C          2
 180300647         2527404        4151 GANNETT CIRCLE #3
 LAS VEGAS                               NV         89103           23,000
    22,876.12       13.25         88,000        54,026        1,053
 96/08/26       11/09/05          180       177        87.53
 Y       COND         C          2
 180446274         2527405        946 DALE DRIVE
 LITITZ                                  PA         17543           25,000
    24,982.33       16.50        125,000        94,441        1,208
 96/08/23       21/09/01          300       297        95.55
 Y       SFR          C          2
 1806451391        2527406        2510-12 TERMINO AVENUE
 LONG BEACH                              CA         90815           30,000
    29,940.40       13.75        168,500       170,692        1,336
 96/08/14       21/08/15          300       296       119.11
 Y       SFR          C          2
 179461123         2527407        4409 CHINCHILLA AVENUE
 MOUNT JOY                               PA         17552           35,000
    34,985.10       17.00         87,000        72,013          727
 96/09/04       21/10/01          300       298       123.00
 Y       SFR          C          2
 217880426         2527531        1695 ARMISTICE WAY
 MARRIETTSVILLE                          MD         21104           48,000
    47,495.11       16.00        210,000       155,000        2,019
 96/08/22       06/09/01          120       117        96.67
 Y       SFR          C          2
 217824839         2527532        1502 CHEROKEE LANE
 BELAIR                                  MD         21015           23,100
    22,811.43       15.50        135,000       127,000        1,525
 96/09/24       06/10/01          120       118       111.19
 Y       SFR          C          2
 217846647         2527533        ONE RAMSGATE COURT
 BALTIMORE                               MD         21227           21,000
    20,874.19       15.50        120,000       112,000        1,781
 96/08/21       11/09/01          180       177       110.83
 Y       SFR          C          2
 217846809         2527534        1508 BOYLE STREET
 BALTIMORE                               MD         21230           18,800
    18,690.47       15.50         55,400        44,861        1,109
 96/07/01       11/08/01          180       176       114.91
 Y       SFR          C          2
 217647409         2527535        4015 ELDORADO AVENUE
 BALTIMORE                               MD         21215           23,200
    21,909.58       16.50        105,000       105,000        2,732
 96/09/09       21/09/13          300       297       122.10
 Y       SFR          C          2
 217768219         2527536        2102 GAYBROOK ROAD
 BALTIMORE                               MD         21244           20,000
    19,929.85       16.50        111,000       104,000        1,088
 96/09/05       11/10/01          180       178       111.71
 Y       SFR          C          2
 217783762         2527537        5322 KING ARTHUR CIRCL
 BALTIMORE                               MD         21237           21,500
    21,407.00       15.50         90,000        89,000        1,917
 96/09/10       11/09/16          180       177       122.78
 Y       SFR          C          2
 217580295         2527538        7909 BELHAVEN AVENUE
 PASADENA                                MD         21122           28,500
    28,402.58       16.00        152,000       115,000        2,610
 96/09/25       06/10/01          120       118        94.41
 Y       SFR          C          2

 
 217620725         2527539        1803 SNYDER AVENUE
 BALTIMORE                               MD         21222           23,000
    22,982.12       16.00         80,000        72,000        1,207
 96/08/16       21/09/01          300       297       118.75
 Y       SFR          C          2
 217642560         2527540        2909 AUDEN COURT
 ABINGDON                                MD         21009           39,500
    39,406.06       16.00        113,500       102,000        1,726
 96/09/18       21/09/23          300       297       124.67
 Y       SFR          C          2
 216960117         2527541        2404 230TH STREET
 PASADENA                                MD         21122           44,500
    44,445.56       17.00        126,000       107,000        1,807
 96/11/08       11/11/14          180       179       120.24
 Y       SFR          C          2
 217040666         2527542        2001 COMPTON COURT
 ANNAPOLIS                               MD         21401           27,500
    27,340.37       15.50        155,000       136,081        2,170
 96/07/31       11/08/01          180       176       105.54
 Y       COND         C          2
 217461317         2527543        9408 OAK WHITE ROAD
 BALTIMORE                               MD         21236           44,000
    43,972.69       15.00        133,500       118,284        2,986
 96/09/13       21/10/03          300       298       121.56
 Y       SFR          C          2
 216901641         2527544        5902 BENTON HEIGHTS AV
 BALTIMORE                               MD         21206           35,100
    35,009.01       16.50         92,500        80,612        1,368
 96/09/20       11/09/23          180       177       125.09
 Y       SFR          C          2
 216901907         2527545        15206 CALEXICO LANE
 DALE CITY                               VA         22193           38,000
    37,979.50       16.50        130,000       124,177        1,592
 96/10/22       16/11/01          240       239       124.75
 Y       SFR          C          2
 216881434         2527546        1221 GLADSTONE DR
 ROCKVILLE                               MD         20851           17,000
    16,579.00       16.00        180,000       156,000        2,111
 96/09/27       06/10/02          120       118        96.11
 Y       SFR          C          2
 216883049         2527547        5968 1ST STREET
 DEALE                                   MD         20751           50,000
    49,966.29       16.75        135,000       116,639        3,248
 96/08/09       21/09/13          300       297       123.44
 Y       SFR          C          2
 216889383         2527548        8121 CORNWALL ROAD
 BALTIMORE                               MD         21222           22,000
    21,993.33       16.00        100,000        80,443        2,182
 96/11/06       21/11/27          300       299       102.44
 Y       SFR          C          2
 216849060         2527549        5307 HOLLOW STONE
 BALTIMORE                               MD         21237           18,050
    18,042.30       17.00        126,500       124,000        1,286
 96/09/20       21/09/23          300       297       112.29
 Y       SFR          C          2
 216880081         2527550        2925 CLEARVIEW AVENUE
 BALTIMORE                               MD         21234           25,300
    25,288.15       16.50        109,000        76,468        1,773
 96/10/18       21/10/23          300       298        93.37
 Y       SFR          C          2
 216644998         2527551        15117 ELK RUN ROAD
 CHANTILLY                               VA         22021           29,500
    29,478.13       16.25        202,000       159,303        1,746
 96/09/04       21/09/13          300       297        93.47
 Y       SFR          C          2
 216661043         2527552        8341 CAPEL DRIVE
 PASADENA                                MD         21122           60,000
    58,786.67       16.00        170,000       131,000        2,163
 96/10/07       11/10/11          180       178       112.35
 Y       SFR          C          2

 
 216829076         2527553        4009 ALBERTA AVENUE
 PASADENA                                MD         21122           15,900
    15,858.79       16.50        130,000       127,000        1,344
 96/10/15       11/10/21          180       178       109.92
 Y       SFR          C          2
 216606645         2527554        7027 CARMAE ROAD
 SYKESVILLE                              MD         21784           57,200
    57,070.50       14.50        171,000       146,717        2,738
 96/09/24       21/10/01          300       298       119.25
 Y       SFR          C          2
 216626078         2527555        4028 CEDAR MILLS ROAD
 RANDALLSTOWN                            MD         21133           52,000
    51,975.65       16.50        152,000       136,000        2,635
 96/09/30       21/10/04          300       298       123.68
 Y       SFR          C          2
 219867765         2527556        12669 SHADY BEND DRIVE
 MORENO VALLEY                           CA         92553           25,500
    24,574.92       14.25        113,000       107,596        1,414
 96/08/07       06/08/15          120       116       117.78
 Y       SFR          C          2
 219886333         2527557        2613 EDGEWOOD AVENUE
 BALTIMORE                               MD         21234           39,800
    39,660.41       16.00        115,000       101,000        1,477
 96/09/25       11/10/01          180       178       122.43
 Y       SFR          C          2
 219765169         2527559        149 LINDA VISTA DRIVE
 DALY CITY                               CA         94014           55,000
    54,621.42       13.75        291,000       249,979        2,749
 96/07/15       11/08/23          180       176       104.80
 Y       SFR          C          2
 219807568         2527560        2833 MEREDITH COURT
 ABINGDON                                MD         21009           22,500
    22,435.54       15.50         90,000        82,000        1,554
 96/10/11       11/10/17          180       178       116.11
 Y       SFR          C          2
 219667099         2527562        2835 TENNESSEE AVENUE
 BALTIMORE                               MD         21227           15,000
    14,915.19       16.50         93,500        83,333        1,204
 96/08/09       11/09/01          180       177       105.17
 Y       SFR          C          2
 219667617         2527563        2121 SOUTHEAST PARK AV
 MILWAUKIE                               OR         97222           29,500
    29,348.55       13.75        115,000       107,722        1,641
 96/09/13       11/09/20          180       177       119.32
 Y       SFR          C          2
 219602284         2527564        214 E. CURTIS AVENUE
 REEDLEY                                 CA         93654           28,000
    27,936.91       14.25         96,000        87,444        1,568
 96/08/28       16/09/13          240       237       120.25
 Y       SFR          C          2
 219622803         2527565        3030 WOODSIDE AVENUE
 BALTIMORE                               MD         21234           35,000
    34,826.75       15.50        125,000       100,521        1,457
 96/08/14       16/09/01          240       237       108.42
 Y       SFR          C          2
 218909785         2527566        1413 SUPERIOR STREET
 HAVRE DE GRACE                          MD         21078           20,700
    20,637.60       16.00        100,000        84,330        1,072
 96/10/22       11/11/01          180       179       105.03
 Y       SFR          C          2
 218929169         2527567        722 SEAGROVE ROAD
 GLEN BURNIE                             MD         21060           23,000
    22,347.72       15.00        125,000       118,000        1,326
 96/09/18       11/10/03          180       178       112.80
 Y       SFR          C          2
 219501930         2527568        147 NORTH CULVER STREE
 BALTIMORE                               MD         21229           22,400
    22,375.17       16.00         57,392        43,000        1,136
 96/07/30       21/08/01          300       296       113.95
 Y       SFR          C          2

 
 218661900         2527569        930 BEAVER BANK CIRCLE
 TOWSON                                  MD         21286           38,500
    38,400.21       16.50        145,000       136,985        2,092
 96/10/11       11/10/17          180       178       121.02
 Y       SFR          C          2
 218685751         2527570        57 OLD SOUND ROAD
 JOPPA                                   MD         21085           62,750
    62,504.35       16.50        135,000       106,000        1,911
 96/09/26       11/10/01          180       178       125.00
 Y       SFR          C          2
 218703808         2527571        431 DARBY LANE
 BEL AIR                                 MD         21015           36,500
    36,468.85       15.50        115,000       106,000        2,844
 96/08/20       21/09/01          300       297       123.91
 Y       SFR          C          2
 2186096961        2527572        876 LAKE CANYON AVENUE
 GALT                                    CA         95632           39,500
    39,432.88       16.25        125,000       116,270        3,094
 96/08/10       16/09/01          240       237       124.62
 Y       SFR          C          2
 218620134         2527573        1366 HALSTEAD ROAD
 BALTIMORE                               MD         21234           40,000
    39,724.72       16.00         95,000        78,000        2,150
 96/10/18       06/10/23          120       118       124.21
 Y       SFR          C          2
 218425200         2527574        235 GERONIMO COURT
 HENDERSON                               NV         89014           45,000
    44,957.77       14.99        134,000       105,603        1,515
 96/09/09       21/09/13          300       297       112.39
 Y       SFR          C          2
 218581933         2527575        8612 LITTLEFIELD COURT
 ELLICOTT CITY                           MD         21043           70,000
    69,840.35       16.25        200,000       175,020        2,601
 96/07/18       16/08/09          240       236       122.51
 Y       SFR          C          2
 218587847         2527576        14 BASSWOOD COURT
 CATONSVILLE                             MD         21228           40,000
    39,571.57       15.50        260,000       242,000        4,075
 96/09/30       06/10/01          120       118       108.46
 Y       SFR          C          2
 217960804         2527577        8038 ESCALON AVENUE
 PASADENA                                MD         21122           39,250
    38,929.07       15.50        125,000       117,000        2,073
 96/08/23       11/09/01          180       177       125.00
 Y       SFR          C          2
 217966909         2527578        71 OPEN GATE COURT
 BALTIMORE                               MD         21236           27,700
    27,560.31       15.50        120,000       108,300        2,071
 96/09/25       11/10/01          180       178       113.33
 Y       SFR          C          2
 217988224         2527579        986 RADCLIFFE ROAD
 BALTIMORE                               MD         21204           31,200
    31,192.02       16.00        110,000        96,348        1,301
 96/10/31       21/11/05          300       299       115.95
 Y       SFR          C          2
 217921079         2527580        270 PEBBLE BEACH LOOP
 PITTSBURG                               CA         94565           36,900
    36,777.57       13.75        160,200       141,594        2,081
 96/07/12       16/08/20          240       236       111.42
 Y       SFR          C          2
 220960742         2527599        603 MARKET STREET
 ABERDEEN                                MD         21001           13,600
    13,557.64       17.50         89,900        89,278        1,624
 96/10/23       06/11/12          120       119       114.44
 Y       SFR          C          2
 221167002         2527600        64978 RAY COURT
 DESERT HOT SPRINGS                      CA         92240           35,000
    34,954.83       13.25        100,000        84,362        1,601
 96/08/05       21/09/01          300       297       119.36
 Y       SFR          C          2

 
 220028144         2527601        5523 HIGHRIDGE STREET
 BALTIMORE                               MD         21227           23,200
    22,767.70       16.00         95,000        88,900        1,266
 96/07/31       21/08/01          300       296       118.00
 Y       SFR          C          2
 220948948         2527603        161 OLEN DRIVE
 GLEN BURNIE                             MD         21061           23,600
    23,587.86       16.00        129,000       117,000        1,975
 96/10/07       21/10/11          300       298       108.99
 Y       SFR          C          2
 223274156         2527604        7418 GADSBY SQUARE
 ALEXANDRIA                              VA         22315           44,000
    43,960.16       16.75        170,000       166,294        2,420
 96/07/11       21/08/02          300       296       123.70
 Y       SFR          C          2
 221666621         2527605        1328 WEST COUNTRYWOOD
 WEST JORDON                             UT         84088           32,000
    31,866.67       13.75        115,000       108,961        2,440
 96/11/05       06/11/13          120       119       122.57
 Y       SFR          C          2
 223665250         2527606        5451 CASANOVA ROAD
 WARRENTON                               VA         22186           32,500
    32,448.61       16.75        112,000       103,836        1,354
 96/09/11       16/09/25          240       237       121.73
 Y       SFR          C          2
 223421917         2527607        104 WRIGHTWOOD PLACE
 STERLING                                VA         20164           23,500
    23,483.38       16.50        143,000       143,000        1,801
 96/08/21       21/09/01          300       297       116.43
 Y       SFR          C          2
 266392333         2530612        4324 LAUREL HILL DRIVE
 NORTH LAS VEGAS                         NV         89030           34,000
    33,602.79       13.75        124,000       113,021        1,935
 96/06/24       16/07/12          240       235       118.57
 Y       SFR          C          2
 265818876         2530613        357 W. WATERBURY DRIVE
 MERIDIAN                                ID         83642           37,500
    37,418.44       13.25         99,500        84,000        1,461
 96/06/24       21/07/03          300       295       122.11
 Y       SFR          C          2
 265829138         2530614        1419 COOLIDGE STREET
 HOLLYWOOD                               FL         33019           40,000
    39,898.90       16.75        130,000       110,333        1,743
 96/09/24       11/10/01          180       178       115.64
 Y       SFR          C          2
 266021327         2530615        8532 NORTH 53RD AVENUE
 GLENDALE                                AZ         85302           30,000
    29,938.44       15.99         98,000        92,432        2,026
 96/09/09       16/09/13          240       237       124.93
 Y       SFR          C          2
 265497255         2530616        1380 BOYSEA DRIVE
 SAN JOSE                                CA         95118           25,000
    24,694.01       14.49        195,600       199,930          623
 96/03/30       11/04/19          180       172       114.99
 Y       SFR          C          2
 265597964         2530617        6071 NW 32ND AVENUE
 MIAMI                                   FL         33142           20,750
    20,662.44       15.75         55,000        40,260          761
 96/08/26       11/09/01          180       177       110.93
 Y       SFR          C          2
 265815386         2530618        721 NW 170 STREET
 MIAMI                                   FL         33169           40,000
    39,972.76       14.50         81,000        59,869        1,562
 96/10/04       21/11/01          300       299       123.30
 Y       SFR          C          2
 264965952         2530619        5410 HARVEST FISH PLAC
 WALDORF                                 MD         20603           21,600
    21,585.43       16.75        138,000       150,861        3,237
 96/08/15       21/09/16          300       297       124.97
 Y       SFR          C          2

 
 264989868         2530620        3944 PONTIAC AVENUE
 RIVERSIDE                               CA         92509           45,000
    44,969.11       14.49         90,000        64,788        1,274
 96/10/02       21/10/09          300       298       121.99
 Y       SFR          C          2
 265459870         2530621        9844 ASPEN GROVE PLACE
 LAS VEGAS                               NV         89134           15,000
    14,956.05       14.49        145,990       148,708        1,466
 96/08/08       16/09/15          240       237       112.14
 Y       SFR          C          2
 264639114         2530622        5336 ROBERTSON AVENUE
 CARMICHAEL                              CA         95608           33,000
    32,615.98       14.99        110,500       105,069        1,774
 96/06/21       11/06/28          180       174       124.95
 Y       SFR          C          2
 264694382         2530623        7 CLEER CREEK
 LAGUNA HILLS                            CA         92653           40,000
    39,621.34       14.75        220,000       165,983        2,109
 96/06/12       11/07/01          180       175        93.63
 Y       SFR          C          2
 264355433         2530624        RT 1 BOX 176 K
 HILLIARD                                FL         32046           21,100
    21,006.47       15.25         98,000        84,866        1,928
 96/08/13       11/09/01          180       177       108.13
 Y       SFR          C          2
 264533611         2530625        1113 DECLARATION DRIVE
 LAS VEGAS                               NV         89110           28,500
    28,376.42       15.50        105,000        91,450        1,812
 96/09/05       11/09/27          180       177       114.24
 Y       SFR          C          2
 263892725         2530626        2514 LOGANDALE DRIVE
 ORLANDO                                 FL         32817           34,600
    34,222.10       16.50        110,000        96,031        1,172
 96/07/31       11/08/15          180       176       118.76
 Y       SFR          C          2
 263894403         2530627        3465 STATURE COURT
 LAS VEGAS                               NV         89129           38,000
    37,804.94       13.75        150,800       130,823        2,147
 96/08/09       11/09/01          180       177       111.95
 Y       SFR          C          2
 263962461         2530628        420 S. BUENA VISTA AVE
 ORLANDO                                 FL         32835           17,400
    17,312.34       13.99         53,000        35,824          885
 96/09/20       11/10/01          180       178       100.42
 Y       SFR          C          2
 263549382         2530629        1736 SUNNY CREST LANE
 BONITA                                  CA         91902           64,500
    64,218.91       13.25        268,000       229,780        3,096
 96/06/10       16/07/25          240       235       109.81
 Y       SFR          C          2
 263689222         2530630        5468 EAST SUNCREST ROA
 ANAHEIM                                 CA         92807           74,000
    73,853.01       13.75        410,000       368,386        3,627
 96/06/27       21/07/17          300       295       107.90
 Y       SFR          C          2
 263179660         2530631        3603 SOUTH AUBURN STRE
 KENNEWICK                               WA         99337           30,000
    29,967.73       14.25        130,000        91,000        2,218
 96/09/20       21/09/25          300       297        93.08
 Y       SFR          C          2
 263338715         2530632        511 BANYON DRIVE
 KELSO                                   WA         98626           65,000
    64,959.59       14.99        173,000       129,341        1,959
 96/10/09       21/10/16          300       298       112.34
 Y       SFR          C          2
 263494765         2530633        9826 TUJUNGA CANYON PL
 TUJUNGA                                 CA         91042           60,000
    59,907.24       14.00        151,000        59,044        3,073
 96/09/09       16/10/01          240       238        78.84
 Y       SFR          C          2

 
 262822275         2530634        7430 ALTIVA PLACE
 CARLSBAD                                CA         92009           30,000
    29,975.29       13.50        127,500       115,686        2,014
 96/08/28       16/11/05          240       239       114.26
 Y       COND         C          2
 262862209         2530635        1321 DATE PALM CIRCLE
 LAS VEGAS                               NV         89108           33,000
    32,838.60       14.25        155,000       120,935        1,936
 96/08/28       11/09/17          180       177        99.31
 Y       SFR          C          2
 262880417         2530636        3104 MOUNT VERNON AVEN
 BAKERSFIELD                             CA         93306           20,000
    19,938.27       14.75         83,000        81,133        1,100
 96/09/26       11/10/22          180       178       121.85
 Y       SFR          C          2
 261663365         2530637        24625 KINGS POINTE
 LAGUNA NIGUEL                           CA         92677           75,000
    74,954.98       15.75        372,000       323,628        4,384
 96/10/25       16/11/07          240       239       107.16
 Y       SFR          C          2
 261795589         2530638        263 SPOONBILL LANE
 GALT                                    CA         95632           27,100
    27,071.81       14.25        121,750       125,043        2,256
 96/10/13       16/11/06          240       239       124.96
 Y       SFR          C          2
 261924989         2530639        1656 MIDWICK DRIVE
 ALTADENA                                CA         91001           75,000
    74,941.42       13.75        265,000       202,213        4,201
 96/07/26       21/10/04          300       298       104.61
 Y       SFR          C          2
 261062663         2530640        8062 EAST SNAPDRAGON L
 ANAHEIM                                 CA         92808           23,000
    22,980.31       13.25        200,000       158,000        2,514
 96/10/16       21/10/24          300       298        90.50
 Y       COND         C          2
 261378781         2530641        2600 NW 108TH STREET
 MIAMI                                   FL         33167           25,000
    24,990.33       17.49         81,000        65,485        1,087
 96/10/04       21/11/01          300       299       111.71
 Y       SFR          C          2
 261448687         2530642        2303 CATHRYN DRIVE
 ROSEMEAD                                CA         91770           50,000
    49,981.42       13.99        155,600       141,761        3,450
 96/10/17       21/10/23          300       298       123.24
 Y       SFR          C          2
 259158522         2530643        18 SANTA TERESA
 RANCHO SANTA MARGARITA                  CA         92688           35,000
    34,775.51       14.49        205,037       201,182        2,636
 96/08/12       11/08/23          180       176       115.19
 Y       SFR          C          2
 259961208         2530644        969 NEWPORT STREET
 OCEANSIDE                               CA         92057           45,000
    44,807.95       15.25        182,000       179,979        2,128
 96/07/20       21/07/26          300       295       123.61
 Y       SFR          C          2
 260961554         2530645        6077 FLAGSTONE COURT
 FREDERICK                               MD         21701           28,500
    28,425.72       16.50        135,000       124,144        1,122
 96/10/08       16/10/15          240       238       113.07
 Y       SFR          C          2
 255707643         2530646        2040 ALICE AVENUE UNIT
 OXON HILL                               MD         20745           36,800
    36,775.38       14.99        101,000        89,447        1,688
 96/10/10       16/11/01          240       239       125.00
 Y       SFR          C          2
 258544893         2530648        40196 VIA REATA
 MURRIETA                                CA         92562           40,000
    39,305.31       14.99        191,924       144,854        2,352
 96/05/20       11/06/01          180       174        96.32
 Y       SFR          C          2

 
 252234780         2530649        12161 BROOKHAVEN PARK
 GARDEN GROVE                            CA         92640           29,000
    29,000.00       14.25        167,000       179,444        2,428
 96/10/30       11/12/05          180       180       124.82
 Y       SFR          C          2
 254026415         2530650        20102 SEABREEZE COURT
 GERMANTOWN                              MD         20874           40,000
    39,975.19       15.00        210,000       181,262        2,711
 96/10/04       21/10/18          300       298       105.36
 Y       SFR          C          2
 251348806         2530651        5544 POPLAR BOULEVARD
 LOS ANGELES                             CA         90032           46,690
    46,550.32       13.75        170,000       165,691        3,601
 96/06/25       21/07/11          300       295       124.93
 Y       SFR          C          2
 251968416         2530652        6104 LANDAU PLACE
 LANCASTER                               CA         93536           30,000
    29,793.49       13.75        139,000       136,546        1,615
 96/07/17       11/08/01          180       176       119.82
 Y       SFR          C          2
 252045940         2530653        645 RAINBOW DRIVE
 SUMTER                                  SC         29154           36,000
    35,857.05       16.50         75,000        55,888        1,614
 96/08/30       11/09/06          180       177       122.52
 Y       SFR          C          2
 249349994         2530654        3408 CARROLL AVENUE
 RANDALLSTOWN                            MD         21133           37,000
    36,991.80       16.75         96,000        82,000        1,544
 96/10/18       21/11/05          300       299       123.96
 Y       SFR          C          2
 249782591         2530655        210 LIGHTHOUSE ROAD
 HAMPTON                                 VA         23664           55,300
    54,681.89       16.00        158,500       140,000        2,609
 96/08/30       11/09/01          180       177       123.22
 Y       SFR          C          2
 2512189211        2530656        8221 WEST BOULEVARD
 INGLEWOOD                               CA         90305           43,000
    42,276.34       14.00        173,000       167,800        2,033
 96/05/23       11/06/10          180       174       121.85
 Y       SFR          C          2
 249084988         2530657        333 SADDLEBROOKE ROAD
 LEXINGTON                               SC         29072           44,000
    43,970.61       15.00        110,000        87,472        2,155
 96/11/15       16/11/21          240       239       119.52
 Y       SFR          C          2
 249157545         2530658        2838 AUGUST DRIVE
 SUMTER                                  SC         29154           40,000
    39,894.87       15.25         88,000        66,871        2,065
 96/08/12       16/08/16          240       236       121.44
 Y       SFR          C          2
 249250407         2530659        3161 SQUAW VALLEY DRIV
 COLORADO SPRINGS                        CA         80918           46,700
    46,514.98       14.25        131,000       116,046        2,440
 96/08/28       21/09/16          300       297       124.23
 Y       SFR          C          2
 247767728         2530660        215 CARLISLE WAY
 NORFOLK                                 VA         23505           41,250
    41,201.90       16.00        140,000       130,218        2,719
 96/08/26       16/09/27          240       237       122.48
 Y       SFR          C          2
 247904283         2530661        7101 OLD #6 HWY
 ELLOREE                                 SC         29047           32,000
    31,981.22       15.50        119,380       103,906        2,549
 96/10/02       21/10/08          300       298       113.84
 Y       SFR          C          2
 248233841         2530662        13635 LINDENDALE ROAD
 WOODBRIDGE                              VA         22193           30,000
    29,876.38       16.00        117,000       107,993        1,696
 96/08/16       11/09/01          180       177       117.94
 Y       SFR          C          2

 
 245171975         2530663        14803 KIMBALL STREET
 HESPERIA                                CA         92345           54,000
    53,959.69       14.00         93,500        62,327        1,650
 96/09/11       21/10/01          300       298       124.41
 Y       SFR          C          2
 246881671         2530664        15803 BEAU RIDGE DRIVE
 WOODBRIDGE                              VA         22193           50,000
    49,988.33       17.00        186,000       181,005        3,201
 96/11/22       21/11/27          300       299       124.20
 Y       SFR          C          2
 247135399         2530665        6859 SIGNATURE CIRCLE
 ALEXANDRIA                              VA         22310           40,000
    39,933.33       16.00        170,000       168,000        2,054
 96/11/04       11/11/08          180       179       122.35
 Y       SFR          C          2
 244884375         2530666        855 CHARTER WAY
 VACAVILLE                               CA         95687           52,500
    52,447.74       16.25        143,000       123,000        2,251
 96/08/13       21/08/21          300       296       122.73
 Y       SFR          C          2
 244902022         2530667        4227 HELLER DRIVE
 LAS VEGAS                               NV         89115           25,000
    24,982.47       14.75        112,000        86,500        1,150
 96/10/15       21/11/01          300       299        99.55
 Y       SFR          C          2
 245069778         2530668        6020 NAPLES TERRACE #1
 FREMONT                                 CA         94555           70,000
    69,940.25       15.50        265,000       219,087        3,638
 96/08/23       21/09/09          300       297       109.09
 Y       SFR          C          2
 243940749         2530669        1513 SOUTH 50TH STREET
 TACOMA                                  WA         98408           45,000
    44,898.60       14.25        115,000        86,078        2,236
 96/08/27       16/09/12          240       237       113.98
 Y       SFR          C          2
 243943387         2530670        914 OREGON TRAIL
 BANNING                                 CA         92220           24,000
    23,802.06       14.25        115,000       119,625        2,106
 96/06/26       11/07/03          180       175       124.89
 Y       SFR          C          2
 244842728         2530671        3503 243RD STREET EAST
 SPANAWAY                                WA         98387           35,500
    35,466.69       14.99        148,000       147,439        1,967
 96/09/18       21/09/25          300       297       123.61
 Y       SFR          C          2
 241828658         2530672        341 HANOVER WAY
 VACAVILLE                               CA         95687           29,500
    29,478.98       14.25        145,000       150,000        2,641
 96/09/16       21/10/28          300       298       123.79
 Y       SFR          C          2
 241981104         2530673        414 SPURLAN CIRCLE
 CHESAPEAKE                              VA         23320           29,000
    28,912.70       15.00        116,000       112,024        1,559
 96/09/22       11/10/17          180       178       121.57
 Y       SFR          C          2
 243888631         2530674        3337 MEGANS WAY
 OLNEY                                   MD         20832           75,000
    74,865.71       14.50        266,000       249,291        4,380
 96/07/12       21/07/24          300       295       121.91
 Y       SFR          C          2
 238982101         2530675        36560 CHERRY STREET
 NEWARK                                  CA         94560           25,000
    24,978.68       13.25        163,000       148,000        1,771
 96/09/25       16/11/13          240       239       106.13
 Y       SFR          C          2
 238986293         2530676        23 RAINTREE COURT #14
 HAYWARD                                 CA         94544           40,000
    39,867.03       13.99        120,000       105,000        2,840
 96/09/28       11/10/07          180       178       120.83
 Y       COND         C          2

 
 239624275         2530677        8078 WILLOW GLEN ROAD
 LOS ANGELES                             CA         90046           75,000
    74,968.10       13.25        405,000       257,556        3,773
 96/10/16       21/11/01          300       299        82.11
 Y       SFR          C          2
 238154936         2530678        13201 GLENPARK COURT
 MIDLOTHIAN                              VA         23113           43,000
    42,766.92       16.00        122,500       107,562        1,874
 96/08/30       21/09/01          300       297       122.91
 Y       SFR          C          2
 238424921         2530679        1827 CITROEN STREET
 LAS VEGAS                               NV         89122           27,600
    27,582.83       14.99        115,000       103,391        1,415
 96/10/07       21/10/11          300       298       113.91
 Y       SFR          C          2
 238948758         2530680        3803 MAPLE CREST COURT
 OLYMPIA                                 WA         98506           36,600
    36,523.09       14.75        126,000       119,253        1,892
 96/08/15       16/09/20          240       237       123.69
 Y       SFR          C          2
 235171427         2530681        377 BUCK CASH DRIVE
 WESTMINSTER                             MD         21158           48,500
    48,449.38       16.00        145,000       127,973        2,234
 96/07/26       21/08/01          300       296       121.71
 Y       SFR          C          2
 236044048         2530682        5804 GIPSY AVENUE
 LAS VEGAS                               NV         89107           33,600
    33,374.01       13.99        100,000        91,400        1,648
 96/08/12       11/08/15          180       176       125.00
 Y       SFR          C          2
 236648085         2530683        7931 ROXBURY DRIVE
 GLEN BURNIE                             MD         21061           28,517
    28,500.88       15.50        145,000       132,338        2,008
 96/10/08       21/10/15          300       298       110.93
 Y       SFR          C          2
 233920919         2530684        570 FORREST HILLS DRIV
 TRACY                                   CA         95376           40,000
    39,524.38       13.75        180,500       160,843        2,355
 96/08/29       06/09/24          120       117       111.27
 Y       SFR          C          2
 234081250         2530685        1611 QUEBEC STREET
 DENVER                                  CO         80220           57,000
    56,936.60       15.00         90,000        49,821        1,429
 96/08/27       21/09/19          300       297       118.69
 Y       SFR          C          2
 234230665         2530686        2401 RUTH AVENUE
 BALTIMORE                               MD         21219           15,000
    14,668.10       14.45        125,000       108,640        1,506
 95/10/25       10/11/01          180       167        98.91
 Y       SFR          C          2
 233785148         2530687        7416 HOLWORTHY WAY
 SACRAMENTO                              CA         95842           25,000
    24,858.43       15.75        120,000       120,097        1,576
 96/06/29       11/07/12          180       175       120.91
 Y       SFR          C          2
 233886599         2530688        27848 ALDER GLEN CIRCL
 VALENCIA                                CA         91355           41,750
    41,383.63       13.75        269,000       208,028        3,449
 96/07/08       11/07/19          180       175        92.85
 Y       SFR          C          2
 2329090451        2530689        1350 PETERSON AVENUE A
 LONG BEACH                              CA         90813           35,000
    34,957.07       15.00        146,000        99,041        1,353
 96/07/22       21/08/23          300       296        91.81
 Y       SFR          C          2
 233641120         2530690        1424 WINN DRIVE
 UPLAND                                  CA         91786           74,000
    73,883.70       14.50        177,480       147,064        3,070
 96/10/19       11/11/06          180       179       124.56
 Y       SFR          C          2

 
 233649082         2530691        5846 THORNHILL DRIVE
 RIVERSIDE                               CA         92507           23,000
    22,980.31       13.25        162,000       157,060        1,954
 96/09/20       21/10/15          300       298       111.15
 Y       SFR          C          2
 231946635         2530692        1301 DARIEN COURT
 VIRGINIA BEACH                          VA         23434           29,561
    29,499.64       15.00        118,500        81,323        1,353
 96/11/06       16/11/06          240       239        93.57
 Y       SFR          C          2
 232158265         2530693        925 SALEM DRIVE
 LAS VEGAS                               NV         89107           29,000
    28,708.33       14.99         77,000        64,611        1,620
 96/06/10       11/06/18          180       174       121.57
 Y       SFR          C          2
 232768101         2530694        24956 COURT STREET #A
 LOMA LINDA                              CA         92354           50,000
    49,964.35       14.25        197,750       150,000        2,096
 96/10/21       21/10/15          300       298       101.14
 Y       SFR          C          2
 231158331         2530695        6312 HIGHMEADOW PLACE
 WARRENTON                               VA         22186           55,000
    54,964.64       17.00        151,000       128,000        2,180
 96/08/08       21/09/01          300       297       121.19
 Y       SFR          C          2
 231239070         2530696        15514 NASH ROAD
 DEWITT                                  VA         23840           20,000
    19,849.27       14.50         89,000        70,722        1,241
 96/10/21       06/10/25          120       118       101.93
 Y       SFR          C          2
 231706462         2530697        9568 MANASSAS FORGE DR
 MANASSAS                                VA         22011           46,000
    45,978.47       16.50        235,000       210,655        3,199
 96/09/30       21/10/16          300       298       109.21
 Y       SFR          C          2
 230624732         2530698        1565 NORTH DARBY AVENU
 POMONA                                  CA         91767           30,000
    29,783.78       14.49        152,000       122,819        1,803
 96/04/26       16/05/17          240       233       100.54
 Y       SFR          C          2
 230687803         2530699        7897 STONE HEARTH ROAD
 SEVERN                                  MD         21144           22,000
    21,771.38       16.00        150,000       132,000        2,220
 96/08/05       06/09/01          120       117       102.67
 Y       SFR          C          2
 231068717         2530700        3506 ELLIOTT AVENUE
 PORTSMOUTH                              VA         23702           14,000
    13,965.50       17.00         87,000        80,000        1,306
 96/09/30       11/10/04          180       178       108.05
 Y       SFR          C          2
 230366908         2530701        9890 LINCOLN AVENUE
 RIVERSIDE                               CA         92503           56,500
    56,390.85       14.49        119,000        91,587        1,478
 96/10/29       21/11/04          300       299       124.44
 Y       SFR          C          2
 230569953         2530702        23740 VIA SEGOVIA
 MURRIETA                                CA         92562           68,000
    68,000.00       13.50        310,000       264,509        4,603
 96/11/25       11/12/28          180       180       107.26
 Y       SFR          C          2
 230605193         2530703        5501 NEWHALL COURT
 CENTREVILLE                             VA         22020           75,000
    73,919.53       15.75        300,000       217,705        3,556
 96/07/09       21/08/01          300       296        97.57
 Y       SFR          C          2
 229884360         2530704        10710 DARBY CIRCLE
 MIDLOTHIAN                              VA         23113           75,000
    74,946.25       14.50        435,000       367,000        4,867
 96/10/28       16/11/01          240       239       101.61
 Y       SFR          C          2

 
 229944532         2530705        652 HARTFORD STREET
 CHULA VISTA                             CA         91913           38,000
    37,502.98       14.99        150,000       142,135        1,904
 96/04/22       16/05/07          240       233       120.09
 Y       SFR          C          2
 230199175         2530706        125 THERESA DRIVE
 STAFFORD                                VA         22554           42,000
    41,865.05       17.00        139,000       129,000        2,316
 96/10/22       06/10/28          120       118       123.02
 Y       SFR          C          2
 229195046         2530708        12391 GLENWOOD LANE
 VICTORVILLE                             CA         92392           26,500
    26,376.57       14.75        120,000        90,251        1,474
 96/08/14       11/09/01          180       177        97.29
 Y       SFR          C          2
 229669785         2530709        30575 VIA LINDOSA
 LAGUNA NIGUEL                           CA         92677           75,000
    74,531.43       14.75        465,000       364,244        4,144
 96/07/18       11/08/06          180       176        94.46
 Y       SFR          C          2
 228701395         2530710        8600 MALETA COURT
 LAS VEGAS                               NV         89117           40,000
    39,750.07       14.75        185,000       187,988        4,002
 96/07/26       11/08/20          180       176       123.24
 Y       SFR          C          2
 228789350         2530711        3 BRINKS COURT
 STERLING                                VA         20165           55,000
    54,975.45       16.75        177,000       163,226        2,956
 96/09/17       21/10/03          300       298       123.29
 Y       SFR          C          2
 228829149         2530712        14309 BROOKMERE DRIVE
 CENTERVILLE                             VA         22020           75,000
    74,880.91       13.75        273,000       239,000        5,257
 96/07/15       21/08/06          300       296       115.02
 Y       SFR          C          2
 228174014         2530713        10489 LABRADOR LOOP
 MANASSAS                                VA         20112           61,000
    60,970.06       16.25        177,000       153,915        2,352
 96/09/25       21/10/09          300       298       121.42
 Y       SFR          C          2
 228561183         2530714        402 SOUTH NORTHWOOD AV
 COMPTON                                 CA         90220           50,000
    49,702.54       15.25        135,000        97,197        2,846
 96/07/19       11/08/02          180       176       109.03
 Y       SFR          C          2
 228649829         2530715        13418 WELLSPRING DRIVE
 HAGERSTOWN                              MD         21740           33,000
    32,980.73       17.50        156,000       144,584        1,616
 96/08/23       21/09/01          300       297       113.84
 Y       SFR          C          2
 227860069         2530716        7130 PAINTED ROCK DRIV
 COLORADO SPRINGS                        CO         80911           59,600
    59,395.91       15.00        117,000        78,600        1,709
 96/07/08       16/07/18          240       235       118.12
 Y       SFR          C          2
 2279448101        2530717        7166 MANOR HOUSE DRIVE
 WARRENTON                               VA         20187           50,000
    49,977.68       16.75        152,000       111,442        1,796
 96/10/02       21/10/10          300       298       106.21
 Y       SFR          C          2
 227232184         2530718        8403 GREAT LAKE LANE
 SPRINGFIELD                             VA         22153           55,000
    54,986.59       16.25        170,000       151,245        2,747
 96/10/24       21/11/05          300       299       121.32
 Y       SFR          C          2
 227333249         2530719        2036 DOLINA DRIVE
 VIRGINIA BEACH                          VA         23616           40,000
    39,976.96       13.75        110,000        84,656        1,433
 96/10/28       16/10/25          240       238       113.32
 Y       SFR          C          2

 
 227483715         2530720        205 JACKSON AVENUE
 SANDSTON                                VA         23150           54,680
    54,639.19       14.00        110,000        81,159        2,018
 96/10/09       21/10/23          300       298       123.49
 Y       SFR          C          2
 227172701         2530721        8518 REHOBOTH CT
 VIENNA                                  VA         22182           75,000
    74,850.52       15.00        325,000       279,588        4,305
 96/09/14       21/09/27          300       297       109.10
 Y       SFR          C          2
 227180056         2530722        6831 FLOREY STREET
 SAN DIEGO                               CA         92122           50,000
    49,986.61       15.75        185,000       157,543        2,177
 96/10/25       21/11/11          300       299       112.19
 Y       SFR          C          2
 227198148         2530723        7405 LAURA LANE
 FREDERICKSBURG                          VA         22407           17,500
    17,490.95       14.25        125,000       110,000        1,362
 96/11/08       21/11/08          300       299       102.00
 Y       SFR          C          2
 226840592         2530724        9833 FAIRMONT AVENUE
 MANASSAS                                VA         22110           68,000
    67,938.44       16.75        148,000       107,506        2,209
 96/07/17       21/08/09          300       296       118.59
 Y       SFR          C          2
 226963464         2530725        10292 ABBOTT ROAD
 MANASSAS                                VA         22110           30,000
    29,849.45       16.50        160,000       142,007        1,579
 96/08/29       16/09/19          240       237       107.50
 Y       SFR          C          2
 227084690         2530726        104 E. CUSTIS AVENUE
 ALEXANDRIA                              VA         22301           31,500
    31,156.35       16.25        170,000       155,613        2,408
 96/09/19       01/10/02           60        58       110.07
 Y       SFR          C          2
 226388379         2530727        1244 W. ALLUVIAL AVENU
 FRESNO                                  CA         93711           50,000
    50,000.00       14.99        220,000       206,938        3,696
 96/10/10       16/11/01          240       240       116.79
 Y       SFR          C          2
 226703916         2530728        2944 75TH AVENUE
 OAKLAND                                 CA         94605           66,000
    65,349.43       14.75        245,000       182,101        2,492
 96/08/26       21/09/01          300       297       101.27
 Y       SFR          C          2
 226721588         2530729        809 ALABASTER COURT
 CAPITAL HEIGHTS                         MD         20743           25,000
    25,000.00       16.75        140,000       130,000        1,212
 96/11/05       11/12/22          180       180       110.71
 Y       SFR          C          2
 225903475         2530730        38 CROSS COUNTRY COURT
 GAITHERSBURG                            MD         20879           30,400
    30,353.39       14.75        124,000       102,533        1,526
 96/10/29       11/11/20          180       179       107.20
 Y       SFR          C          2
 226190073         2530731        15328 GULL COURT
 WOODBRIDGE                              VA         22191           26,000
    25,968.18       17.00        179,860       170,000        2,118
 96/10/18       11/11/01          180       179       108.97
 Y       SFR          C          2
 226294391         2530732        45344 GABLE SQUARE
 STERLING                                VA         20164           31,500
    31,466.07       15.75        131,000       122,712        2,430
 96/08/01       21/08/27          300       296       117.72
 Y       SFR          C          2
 225806095         2530733        44031 FLORENCE TERRACE
 ASHBURN                                 VA         20147           41,000
    40,957.06       16.75        197,000       183,193        2,184
 96/09/26       16/10/07          240       238       113.80
 Y       SFR          C          2

 
 225820538         2530734        456 LOGAN DRIVE
 WESTMINSTER                             MD         21157           11,550
    11,520.06       16.50         99,900        91,629        1,232
 96/09/20       11/10/01          180       178       103.28
 Y       SFR          C          2
 225889195         2530735        15122 CARLBERN DRIVE
 CENTREVILLE                             VA         22120           70,000
    69,432.14       16.25        215,000       193,037        4,158
 96/07/31       16/08/21          240       236       122.34
 Y       SFR          C          2
 225602490         2530736        13100 BOGGS CIRCLE
 MILOTHIAN                               VA         23113           39,200
    39,147.31       15.00        172,000       165,500        2,903
 96/09/29       16/10/17          240       238       119.01
 Y       SFR          C          2
 225622087         2530737        219 IRELAND STREET
 HAMPTON                                 VA         23663           40,000
    39,981.35       17.50         92,000        71,584        1,840
 96/10/10       16/11/01          240       239       121.29
 Y       SFR          C          2
 225195703         2530739        207 E. JUNIPER AVENUE
 STERLINS                                VA         20164           26,200
    26,168.35       15.75        148,000       129,000        2,102
 96/09/19       16/10/01          240       238       104.86
 Y       SFR          C          2
 225317486         2530740        8015 JEMEZ TRAIL
 YUCCA VALLEY                            CA         92284           28,000
    27,728.76       14.50         91,000        84,305          780
 96/07/17       21/08/01          300       296       123.41
 Y       SFR          C          2
 225528457         2530741        2611 CHESTERFIELD AVEN
 BALTIMORE                               MD         21213           40,000
    39,965.86       15.50         90,000        68,575        1,730
 96/09/27       21/10/01          300       298       120.64
 Y       SFR          C          2
 224882083         2530742        5513 BOULDER BLVD
 SARASOTA                                FL         34233           15,400
    15,376.94       14.99         89,000        84,250        1,155
 96/10/02       11/11/01          180       179       111.97
 Y       SFR          C          2
 224908923         2530743        10753 BLAKE LANE
 BEALETON                                VA         22712           55,000
    54,767.95       15.75        125,000       101,136        1,786
 96/08/15       11/09/04          180       177       124.91
 Y       SFR          C          2
 225191549         2530744        7225 KOUSA LANE
 SPRINGFIELD                             VA         22152           30,000
    29,914.05       15.50        173,000       143,000        2,440
 96/09/25       11/10/18          180       178       100.00
 Y       SFR          C          2
 224241713         2530745        4312 PRESTON ARCH
 CHESAPEAKE                              VA         23321           18,750
    18,750.00       17.00        137,000       124,000        1,539
 96/11/12       11/11/18          180       180       104.20
 Y       SFR          C          2
 224254700         2530746        9271 JESSICA DRIVE
 MANASSAS PARK                           VA         20111           23,000
    22,961.46       16.25        115,000       115,582        1,314
 96/10/18       21/11/01          300       299       120.51
 Y       SFR          C          2
 224709964         2530747        6230 WALTHER BOULEVARD
 BALTIMORE                               MD         21206           20,000
    19,948.15       16.50        159,000        79,000        1,679
 96/09/19       11/10/01          180       178        62.26
 Y       SFR          C          2
 223942081         2530748        13317 KURTZ ROAD
 DALE CITY                               VA         22193           45,000
    44,836.38       16.50        145,000       123,991        1,836
 96/10/09       11/10/22          180       178       116.55
 Y       SFR          C          2

 
 223966084         2530749        6170 KETTLE COURT
 COLORADO SPRINGS                        CO         80922           40,000
    39,948.10       15.25        125,000       111,316        2,052
 96/08/19       16/10/02          240       238       121.05
 Y       SFR          C          2
 224116564         2530750        13116 QUAIL CREEK LANE
 FAIRFAX                                 VA         22033           27,500
    27,492.64       15.75        156,000       146,169        2,401
 96/10/22       21/11/04          300       299       111.33
 Y       SFR          C          2
 223784793         2530751        5650 EAST JULIUS STRAV
 TUCSON                                  AZ         85712           40,000
    40,000.00       14.75         95,000        78,293        1,403
 96/11/09       21/12/25          300       300       124.52
 Y       SFR          C          2
 539429105         2530752        1432 S. 69TH AVENUE
 YAKIMA                                  WA         98908           30,000
    29,730.26       13.49        175,000       144,988        2,960
 96/06/17       11/07/01          180       175        99.99
 Y       SFR          C          2
 539442448         2530753        1505 S.W. JOHNSON AVEN
 CHEHALIS                                WA         98532           30,000
    29,834.33       12.99        122,000        92,000        3,541
 96/08/16       11/09/01          180       177       100.00
 Y       SFR          C          2
 539158581         2530754        14063 MILITARY ROAD SO
 SETTLE                                  WA         98168           49,000
    46,848.80       14.75        114,000        81,308        1,434
 96/08/31       11/09/27          180       177       114.31
 Y       SFR          C          2
 539389877         2530755        550 FLOWER DRIVE
 FOLSOM                                  CA         95630           40,000
    39,857.15       13.25        225,000       179,343        3,002
 96/10/07       11/10/21          180       178        97.49
 Y       SFR          C          2
 539403230         2530756        1108 17TH AVENUE
 MILTON                                  WA         98354           75,000
    74,875.87       14.75        144,000       101,776        2,230
 96/06/13       21/07/10          300       295       122.76
 Y       SFR          C          2
 538904889         2530757        5704 241ST STREET SW
 MOUNTLAKE TERRACE                       WA         98043           30,000
    29,788.25       13.49        112,000        97,033        1,211
 96/08/28       11/09/04          180       177       113.42
 Y       SFR          C          2
 539043259         2530758        27515 153RD STREET EAS
 BUCKLEY                                 WA         98321           25,000
    24,862.78       14.50        115,000       106,783        1,349
 96/06/25       21/07/15          300       295       114.59
 Y       SFR          C          2
 539063671         2530759        2215 SW 332ND STREET
 FEDERAL WAY                             WA         98023           25,000
    24,886.27       14.99         94,000        86,960        1,360
 96/09/13       11/09/23          180       177       119.11
 Y       SFR          C          2
 538741504         2530760        19430 ROSETON AVENUE
 CERRITOS                                CA         90703           67,500
    67,500.00       15.50        268,200       230,913        4,944
 96/11/11       16/12/15          240       240       111.27
 Y       SFR          C          2
 538784233         2530761        1222 59TH PLACE SW
 EVERETT                                 WA         98203           28,000
    27,704.88       13.99        143,750       144,074        1,492
 96/06/20       16/06/28          240       234       119.70
 Y       SFR          C          2
 538802143         2530762        14206 PRAIRE RIDGE DRI
 SUMNER                                  WA         98390           11,500
    11,447.67       14.99         83,000        64,746          961
 96/10/02       11/10/08          180       178        91.86
 Y       SFR          C          2

 
 538648342         2530763        30705 SOUTH 855 PRSE
 KENNEWICK                               WA         99337           39,100
    39,035.24       14.75         88,500        68,784        2,208
 96/08/05       21/08/12          300       296       121.90
 Y       SFR          C          2
 538648736         2530764        21906 6TH AVENUE W.
 BOTHELL                                 WA         98021           29,000
    28,981.97       14.99        145,000       129,662        1,617
 96/10/18       21/10/23          300       298       109.42
 Y       SFR          C          2
 538687035         2530765        5004 238TH PLACE S.W.
 MOUNT LAKE TERRACE                      WA         98043           36,200
    36,043.29       15.49        120,000       111,000        1,465
 96/08/08       11/09/01          180       177       122.67
 Y       SFR          C          2
 538600624         2530766        4810 DELTA LANE SOUTHE
 TUMWATER                                WA         98501           50,000
    49,962.89       14.25        139,000       103,890        1,768
 96/09/26       16/11/01          240       239       110.71
 Y       SFR          C          2
 538621510         2530767        7480 SW TAYLORS FERRY
 TIGARD                                  OR         97223           25,000
    24,982.33       16.50        155,000       110,000        1,337
 96/08/28       21/09/04          300       297        87.10
 Y       SFR          C          2
 538623504         2530768        11134 171ST STREET EAS
 PUYALLUP                                WA         98374           20,000
    19,942.70       15.50        131,000       121,000        1,500
 96/09/23       11/10/01          180       178       107.63
 Y       SFR          C          2
 538486464         2530769        1831 PARK SHERRY AVENU
 NAPA                                    CA         94558           30,000
    29,709.35       14.99        140,000       141,951        2,345
 96/05/24       16/06/03          240       234       122.82
 Y       SFR          C          2
 538586428         2530770        306 SOUTH ROOSEVELT PL
 KENNEWICK                               WA         99336           48,000
    47,942.39       15.25        122,000        97,000        2,107
 96/08/26       21/09/01          300       297       118.85
 Y       SFR          C          2
 538586522         2530771        5715 WEST QUINALT
 KENNEWICK                               WA         99336           40,000
    39,778.05       15.99         80,000        32,047        1,166
 96/10/07       21/10/11          300       298        90.06
 Y       SFR          C          2
 538407634         2530772        4617 8TH AVENUE NE
 OLYMPIA                                 WA         98516           60,000
    59,854.53       13.50        132,000       101,458        1,931
 96/08/19       16/09/17          240       237       122.32
 Y       SFR          C          2
 538429209         2530773        5822 SOUTHEAST HARRISO
 MILWAUKIE                               OR         97222           52,000
    51,955.83       13.75        116,200        61,695        1,145
 96/10/04       16/11/12          240       239        97.84
 Y       SFR          C          2
 538465174         2530774        2616 S KENT
 KENNEWICK                               WA         99337           45,000
    44,963.37       15.75        167,640       127,038        2,042
 96/09/23       21/09/27          300       297       102.62
 Y       SFR          C          2
 537920770         2530775        22501 133RD AVENUE COU
 GRAHAM                                  WA         98338           55,400
    55,113.93       15.25        128,000       104,522        2,177
 96/08/01       21/08/08          300       296       124.94
 Y       SFR          C          2
 537962278         2530776        34915 29TH AVENUE SOUT
 FEDERAL WAY                             WA         98003           26,500
    25,616.62       13.99        165,000       146,000        1,769
 96/09/23       21/10/01          300       298       104.55
 Y       SFR          C          2

 
 537967879         2530777        9507 NORTHEAST 20TH ST
 VANCOUVER                               WA         98684           21,600
    21,570.73       15.99        100,000        97,918        1,106
 96/10/16       11/10/21          180       178       119.52
 Y       SFR          C          2
 537727283         2530778        103 146TH AVENUE SE
 BELLEVUE                                WA         98007           25,000
    24,958.95       16.49         89,000        72,182        1,760
 96/09/23       16/10/01          240       238       109.19
 Y       SFR          C          2
 537749040         2530779        15706 42ND AVENUE COUR
 TACOMA                                  WA         98446           17,000
    16,935.42       14.25        180,000       130,402        1,535
 96/06/10       16/07/02          240       235        81.89
 Y       SFR          C          2
 537769774         2530780        13417 4TH AVENUE SOUTH
 SEATTLE                                 WA         98168           50,000
    49,828.11       14.75        125,000        98,250        1,422
 96/08/20       21/10/01          300       298       118.60
 Y       SFR          C          2
 537667388         2530781        28114 234TH AVENUE SOU
 MAPLE VALLEY                            WA         98058           40,000
    39,924.25       15.49        149,000       146,100        2,147
 96/09/23       16/09/27          240       237       124.90
 Y       SFR          C          2
 537709143         2530782        859 S. 327TH STREET
 FEDERAL WAY                             WA         98003           26,000
    25,694.78       14.99         99,500        97,960        1,601
 96/05/08       16/05/15          240       233       124.58
 Y       SFR          C          2
 537724644         2530783        823 EAST JUANITA AVENU
 GLENDORA                                CA         91740           45,000
    44,693.44       14.25        169,500       165,936        1,938
 96/07/02       21/07/15          300       295       124.45
 Y       SFR          C          2
 537624331         2530784        5012 47TH AVENUE SOUTH
 LACEY                                   WA         98503           28,300
    28,284.74       15.75        160,200       157,456        2,040
 96/09/09       21/10/02          300       298       115.95
 Y       SFR          C          2
 537645197         2530785        415 EAST RAINIER STREE
 OTHELLO                                 WA         99344           20,000
    19,988.66       15.49         70,000        47,686        1,274
 96/10/07       21/10/15          300       298        96.69
 Y       SFR          C          2
 537649444         2530786        2864 HIGGINS ROAD
 WEST SACRAMENTO                         CA         95691           30,043
    29,740.14       14.49        125,000       122,432        1,570
 96/04/13       16/04/18          240       232       121.98
 Y       SFR          C          2
 537589158         2530787        11103 222ND AVENUE COU
 BUCKLEY                                 WA         98321           50,000
    49,925.34       14.25        142,000       123,490        2,664
 96/09/25       16/10/04          240       238       122.18
 Y       SFR          C          2
 537609447         2530788        2425 SOUTHWEST 105TH P
 SEATTLE                                 WA         98106           52,000
    51,956.67       14.00        145,000       125,816        1,608
 96/10/23       16/11/15          240       239       122.63
 Y       SFR          C          2
 537541285         2530789        5341 ECHO STREET
 RICHLAND                                WA         99352           35,000
    34,967.24       14.99         92,610        79,191        1,363
 96/10/14       21/10/18          300       298       123.30
 Y       SFR          C          2
 537567926         2530790        4612 108TH STREET N.E.
 MARYSVILLE                              WA         98271           40,000
    39,912.53       14.49        190,000       170,414        1,917
 96/08/27       16/09/04          240       237       110.74
 Y       SFR          C          2

 
 537581552         2530791        2302 SOUTH MELROSE
 TACOMA                                  WA         98405           21,900
    21,863.71       14.99         72,000        59,660        1,061
 96/09/23       16/09/27          240       237       113.28
 Y       SFR          C          2
 537442688         2530792        13919 84TH STREET NE
 LAKE STEVENS                            WA         98258           40,000
    39,839.03       14.99        131,500       102,000        1,432
 96/09/30       11/11/01          180       179       107.98
 Y       SFR          C          2
 537468889         2530793        2280 MIRA MONTE STREET
 CORONA                                  CA         91719           34,000
    33,813.66       13.25        135,000       128,804        2,336
 96/09/26       11/10/11          180       178       120.60
 Y       COND         C          2
 537508804         2530794        1735 POTOMAC COURT
 CRESCENT CITY                           CA         95531           27,500
    27,405.67       14.99        132,583       121,238        1,887
 96/05/22       16/06/01          240       234       112.18
 Y       SFR          C          2
 537125308         2530795        3230 ARTHUR WAY
 SACRAMENTO                              CA         95821           64,000
    63,949.07       13.75        104,750        66,767        1,294
 96/10/09       16/11/01          240       239       124.84
 Y       SFR          C          2
 537408477         2530796        35825 AUGUSTINE PLACE
 FREMONT                                 CA         94536           75,000
    74,514.85       13.75        230,000       194,000        2,490
 96/09/20       21/10/01          300       298       116.96
 Y       SFR          C          2
 537429949         2530797        4621 NORTH VASSAULT ST
 TACOMA                                  WA         98407           35,200
    35,159.43       14.75        149,500       119,579        1,696
 96/08/21       21/09/28          300       297       103.53
 Y       SFR          C          2
 536884927         2530798        2889 SKOWHEGAN DRIVE
 HENDERSON                               NV         89119           25,000
    24,940.82       15.99        131,000       124,000        1,479
 96/08/05       16/09/15          240       237       113.74
 Y       SFR          C          2
 5368873691        2530799        13532 FRANCISQUITO AVE
 BALDWIN PARK                            CA         91706           30,000
    29,671.37       13.25        125,000        92,532        1,339
 96/07/03       11/07/12          180       175        98.03
 Y       COND         C          2
 536944924         2530800        909 ELLEN AVENUE
 PROSSER                                 WA         99350           25,000
    24,525.67       14.50         70,000        52,785          476
 96/08/26       21/09/01          300       297       111.12
 Y       SFR          C          2
 536764355         2530801        1711 FULTON STREET
 EVERETT                                 WA         98201           23,000
    22,880.42       14.99        101,000        99,904        1,133
 96/05/23       16/06/01          240       234       121.69
 Y       SFR          C          2
 536788501         2530802        2118 WILDFLOWER WAY
 BELLINGHAM                              WA         98226           35,000
    34,871.52       14.50        129,000       122,729        1,503
 96/06/28       16/07/17          240       235       122.27
 Y       SFR          C          2
 536803635         2530803        229 S. 315TH PLACE
 FEDERAL WAY                             WA         98003           40,500
    40,364.46       13.99        190,000       119,000        1,790
 96/09/20       11/10/01          180       178        83.95
 Y       SFR          C          2
 536706086         2530804        1037 NORTH HILLVIEW
 MILPITAS                                CA         95035           61,500
    61,017.39       15.25        315,000       276,044        3,043
 96/08/21       16/09/12          240       237       107.16
 Y       SFR          C          2

 
 536726897         2530805        10605 314TH AVENUE NE
 CARNATION                               WA         98014           25,000
    24,976.53       14.99        155,000       138,781        2,546
 96/09/23       21/10/01          300       298       105.67
 Y       SFR          C          2
 536741755         2530806        4625 PARKSIDE DRIVE SE
 OLYMPIA                                 WA         98503           19,000
    18,921.27       14.99        128,500       121,518        1,454
 96/05/06       16/05/13          240       233       109.35
 Y       SFR          C          2
 536623989         2530807        23108 LA PIERRE DRIVE
 MOUNTLAKE TERRACE                       WA         98043           40,000
    39,973.25       14.99        133,000       123,255        1,559
 96/10/03       16/11/04          240       239       122.75
 Y       SFR          C          2
 536642134         2530808        821 62ND AVENUE NORTHE
 TACOMA                                  WA         98422           58,000
    57,693.96       14.75        215,000       193,500        2,657
 96/10/17       21/10/23          300       298       116.98
 Y       SFR          C          2
 536151729         2530810        1601 DAISY TREE
 CERES                                   CA         95307           22,000
    21,933.51       14.25        127,918       109,861        1,370
 96/06/28       16/08/01          240       236       103.08
 Y       SFR          C          2
 536489588         2530811        13406 WEST ACORD ROAD
 BENTON CITY                             WA         99320           50,000
    49,944.21       15.75        145,000       114,072        2,303
 96/09/16       21/09/20          300       297       113.15
 Y       SFR          C          2
 536560789         2530812        ROUTE 1 BOX 205
 DAVENPORT                               WA         99122           30,000
    29,924.75       16.99        133,000       111,000        2,437
 96/10/30       21/11/05          300       299       106.02
 Y       SFR          C          2
 535826671         2530813        17346 191ST AVENUE NE
 WOODVILLE                               WA         98072           25,000
    24,920.93       14.50        136,000       111,000        1,474
 96/10/10       11/11/01          180       179       100.00
 Y       SFR          C          2
 535903035         2530814        144 11TH AVENUE NORTH
 PAYETTE                                 ID         83661           30,000
    29,943.97       13.99         65,500        51,526        1,154
 96/08/22       16/09/16          240       237       124.47
 Y       SFR          C          2
 535923176         2530815        13433 SILVER HILL ROAD
 SUMERDUCK                               VA         22742           30,000
    29,945.25       15.75        133,000       124,923        1,488
 96/08/12       16/09/05          240       237       116.48
 Y       SFR          C          2
 535549948         2530816        3301 WATFORD WAY
 PALMDALE                                CA         93551           25,000
    24,832.44       13.99        168,265       151,029        2,760
 96/09/07       16/09/13          240       237       104.61
 Y       SFR          C          2
 535669241         2530817        4417 FALL LANE
 OAKLEY                                  CA         94561           38,000
    37,986.53       14.25        155,500       152,461        1,943
 96/10/24       21/11/18          300       299       122.48
 Y       SFR          C          2
 535681563         2530818        20417 121ST WAY SE
 KENT                                    WA         98031           35,000
    34,653.05       14.99        171,750       168,000        2,259
 96/05/22       16/06/01          240       234       118.20
 Y       SFR          C          2
 534840910         2530819        4603 SOUTH J STREET
 TACOMA                                  WA         98408           43,500
    43,235.21       14.99        113,000        82,055        1,393
 96/06/18       16/06/24          240       234       111.11
 Y       SFR          C          2

 
 534907140         2530820        39290 OAKCLIFF DRIVE
 TEMECULA                                CA         92591           23,500
    23,315.33       14.75        113,500       112,784        1,511
 96/06/27       11/07/19          180       175       120.07
 Y       SFR          C          2
 535508827         2530821        4728 SOUTH 175TH STREE
 SEATAC                                  WA         98188           75,000
    74,907.50       13.50        150,000        83,161        2,234
 96/08/13       21/09/01          300       297       105.44
 Y       SFR          C          2
 534744745         2530822        120 SOUTHEAST LINCOLN
 SHERWOOD                                OR         97140           34,000
    33,808.40       14.25        112,000       103,000        1,228
 96/09/06       21/09/16          300       297       122.32
 Y       SFR          C          2
 534786339         2530823        711 WEST 16TH STREET
 VANCOUVER                               WA         98660           75,000
    74,974.63       14.50        112,000        61,000        1,742
 96/10/24       21/11/01          300       299       121.43
 Y       SFR          C          2
 534800712         2530824        61 TAHITI DRIVE
 HENDERSON                               NV         89014           30,000
    29,915.42       14.75        131,967       130,000        1,759
 96/08/05       16/08/09          240       236       121.24
 Y       SFR          C          2
 534525977         2530825        9500 KILCOLGAN WAY
 ELK GROVE                               CA         95758           70,000
    69,927.94       14.49        209,639       173,000        3,028
 96/09/18       21/09/23          300       297       115.91
 Y       SFR          C          2
 534723321         2530826        30812 151ST AVENUE SE
 KENT                                    WA         98042           43,000
    42,961.53       15.25        120,000       104,303        2,586
 96/09/13       21/09/18          300       297       122.75
 Y       SFR          C          2
 534507813         2530827        15207 15TH AVENUE COUR
 SPANAWAY                                WA         98387           40,000
    39,909.87       14.25        112,200        77,562        1,420
 96/09/16       16/10/02          240       238       104.78
 Y       SFR          C          2
 534508188         2530828        6910 STANFIELD ROAD SE
 LACEY                                   WA         98503           43,500
    43,132.67       14.99        132,000       121,189        1,852
 96/08/21       11/09/13          180       177       124.76
 Y       SFR          C          2
 533909576         2530829        41014 NORTHEAST 39TH S
 WASHOUGAL                               WA         98671           37,000
    36,972.58       16.25        190,000       153,000        2,658
 96/09/13       21/09/18          300       297       100.00
 Y       SFR          C          2
 533948372         2530830        20269 37TH AVENUE NE
 SEATTLE                                 WA         98155           40,000
    39,918.70       14.99        169,900       158,250        1,250
 96/09/09       16/09/13          240       237       116.69
 Y       SFR          C          2
 533969293         2530831        22015 78TH PLACE WEST
 EDMONDS                                 WA         98026           40,000
    39,798.12       14.99        155,000       149,583        1,975
 96/04/19       16/05/01          240       233       122.31
 Y       SFR          C          2
 533804007         2530832        35804 NORTH FLAGSTONE
 BENTON CITY                             WA         99320           30,000
    29,982.97       15.50         90,000        72,293        1,667
 96/09/25       21/10/01          300       298       113.66
 Y       SFR          C          2
 533863997         2530833        5422 PARKVIEW LANE
 EVERETT                                 WA         98203           45,000
    44,691.03       16.00        170,000       147,641          363
 96/10/03       06/10/25          120       118       113.32
 Y       SFR          C          2

 
 533907972         2530834        5605 206TH STREET COUR
 SPANAWAY                                WA         98387           36,000
    35,894.95       13.99        150,000       127,399        1,682
 96/08/06       21/08/15          300       296       108.93
 Y       SFR          C          2
 533722464         2530835        14239 SE 129TH PLACE
 RENTON                                  WA         98059           50,000
    49,896.88       13.75        145,600       128,331        1,628
 96/07/15       21/08/09          300       296       122.48
 Y       SFR          C          2
 533781170         2530836        31737 SHELTER DRIVE
 THOUSAND PALMS                          CA         92276           20,000
    19,832.63       14.50         85,000        78,824        1,080
 96/09/12       21/10/01          300       298       116.26
 Y       SFR          C          2
 533782601         2530837        17721 BROOK BOULEVARD
 BOTHELL                                 WA         98012           20,000
    19,935.24       13.75        139,000       120,317        1,501
 96/07/15       16/08/13          240       236       100.95
 Y       SFR          C          2
 533621510         2530838        18610 HERON COURT
 ARLINGTON                               WA         98223           50,000
    49,953.07       14.99        200,000       199,000        2,351
 96/08/13       21/09/19          300       297       124.50
 Y       SFR          C          2
 533646440         2530839        17 AVELLANA AVENUE
 LONGVIEW                                WA         98632           50,000
    49,966.29       16.75        172,000       123,966        1,730
 96/08/26       21/09/01          300       297       101.14
 Y       SFR          C          2
 533701969         2530840        1002 WEST FREMONT AVEN
 SELAH                                   WA         98942           65,000
    64,957.76       14.75        141,200       111,379        2,816
 96/10/09       21/10/15          300       298       124.91
 Y       SFR          C          2
 533581599         2530841        1372 KRUGER AVENUE
 FREMONT                                 CA         94536           21,000
    20,742.62       13.75        259,000       243,613        3,214
 96/06/03       11/06/15          180       174       102.17
 Y       SFR          C          2
 533588844         2530842        26974 PACIFIC TERRACE
 MISSION VIEJO                           CA         92692           75,000
    74,881.21       14.99        350,000       288,602        4,490
 96/06/20       21/06/28          300       294       103.89
 Y       SFR          C          2
 533609473         2530843        1385 N. OAK STREET
 CANBY                                   OR         97013           30,000
    29,964.00       15.25        161,000       140,092        1,908
 96/07/25       21/08/01          300       296       105.65
 Y       SFR          C          2
 533508341         2530844        30248 PECHANGA DRIVE
 TEMECULA                                CA         92592           55,000
    54,804.97       14.75        137,000       113,759        3,048
 96/06/13       16/07/01          240       235       123.18
 Y       SFR          C          2
 533560891         2530845        808 ORCHARD DRIVE
 REDLANDS                                CA         92374           23,000
    22,881.93       13.75        150,000       138,064        1,732
 96/08/26       11/09/18          180       177       107.38
 Y       SFR          C          2
 533562816         2530846        3446 GAIL COURT
 STOCKTON                                CA         95206           44,500
    43,474.97       14.49        180,000       180,157        3,688
 96/10/02       01/10/15           60        58       124.81
 Y       SFR          C          2
 532948438         2530847        100 EAST 36TH AVENUE
 KENNEWICK                               WA         99337           35,680
    35,668.98       14.99        110,000        91,585        2,066
 96/10/25       21/11/01          300       299       115.70
 Y       SFR          C          2

 
 533138298         2530848        167 RACQUET CLUB DRIVE
 COMPTON                                 CA         90220           35,000
    34,939.33       13.50        140,000       113,157        2,020
 96/10/09       11/11/06          180       179       105.83
 Y       COND         C          2
 533461024         2530849        5804 60TH STREET COURT
 TACOMA                                  WA         98467           64,000
    63,952.15       13.99        168,000       135,776        2,045
 96/11/04       21/11/08          300       299       118.91
 Y       MHN          C          2
 532868203         2530850        3819 16TH AVENUE COURT
 GIG HARBOR                              WA         98335           50,000
    49,934.16       14.75        197,000       167,229        2,691
 96/07/16       21/08/01          300       296       110.27
 Y       SFR          C          2
 532889548         2530851        2033 NORTHEAST 52ND AV
 PORTLAND                                OR         97213           43,800
    43,758.93       14.99        146,000       138,700        1,914
 96/09/10       21/09/20          300       297       125.00
 Y       SFR          C          2
 532929562         2530852        12409 NORTHEAST 101ST
 VANCOUVER                               WA         98682           28,000
    27,989.59       13.99        135,000       123,000        1,770
 96/10/29       21/11/05          300       299       111.85
 Y       SFR          C          2
 532763032         2530853        3636 NORTH HUSON
 TACOMA                                  CA         98407           71,100
    70,852.78       14.99        150,000       103,634        1,930
 96/09/18       21/09/24          300       297       116.49
 Y       SFR          C          2
 532801596         2530854        13255 6TH AVENUE SOUTH
 BURIEN                                  WA         98168           33,500
    33,419.11       13.75        104,800        97,457           53
 96/08/30       16/09/24          240       237       124.96
 Y       SFR          C          2
 532828067         2530855        3607 T STREET
 VANCOUVER                               WA         98663           20,400
    20,384.74       17.75         82,500        73,887        1,657
 96/07/29       21/08/15          300       296       114.29
 Y       SFR          C          2
 532723027         2530856        16002 132ND AVENUE COU
 PUYALLUP                                WA         98374           20,000
    19,973.06       14.99        148,000       139,000        1,323
 96/10/08       16/10/15          240       238       107.43
 Y       SFR          C          2
 532741467         2530857        13920 NORTHEAST 91ST S
 VANCOUVER                               WA         98682           50,000
    49,924.54       15.25        132,500       109,500        2,045
 96/07/11       21/07/17          300       295       120.38
 Y       SFR          C          2
 532762857         2530858        10018 NE 70TH CIRCLE
 VANCOUVER                               WA         98662           52,000
    51,831.58       13.75        115,000        89,910        1,679
 96/06/29       16/08/01          240       236       123.40
 Y       SFR          C          2
 532589718         2530859        4805 73RD DRIVE NE
 MARYSVILLE                              WA         98270           40,000
    39,972.72       14.49        150,000       124,541        1,086
 96/10/02       21/10/08          300       298       109.69
 Y       SFR          C          2
 532622285         2530860        13619 CONNOR LOOP NORT
 SILVERDALE                              WA         98383           40,000
    39,909.87       14.25        145,000       140,801        2,398
 96/08/24       16/09/17          240       237       124.69
 Y       SFR          C          2
 532704202         2530861        691 REDONDO COURT
 GROVER BEACH                            CA         93433           25,000
    24,959.74       14.25        165,000       135,455        2,077
 96/10/16       11/11/01          180       179        97.25
 Y       SFR          C          2

 
 532567537         2530862        1628 WEST YAKIMA STREE
 PASCO                                   WA         99301           32,000
    31,991.00       15.75         85,000        69,879        1,106
 96/11/06       21/11/12          300       299       119.86
 Y       SFR          C          2
 532568597         2530863        7059 N. ROE AVENUE
 BOISE                                   ID         83703           36,069
    36,046.56       14.99        124,000       117,670        2,298
 96/08/04       21/09/16          300       297       123.98
 Y       SFR          C          2
 532569895         2530864        631 NORTH WALDEMAR AVE
 PASCO                                   WA         99301           25,000
    24,987.11       15.99         82,000        69,306        1,184
 96/09/25       21/10/01          300       298       115.01
 Y       SFR          C          2
 531949551         2530865        707 NORTH 185TH STREET
 SEATTLE                                 WA         98133           35,000
    34,890.27       13.99        130,000       121,313        1,576
 96/07/08       16/08/28          240       236       120.24
 Y       SFR          C          2
 532482578         2530866        2767 WESTBOURNE LOOP
 PASCO                                   WA         99301           44,000
    43,960.68       15.25        130,000        84,000        1,871
 96/09/06       21/09/11          300       297        98.46
 Y       SFR          C          2
 531820805         2530868        4208 226TH PLACE S.W.
 MOUNT LAKE TERRACE                      WA         98043           50,000
    49,962.94       16.25        145,000       112,065        2,271
 96/07/24       21/08/20          300       296       111.77
 Y       SFR          C          2
 531845260         2530869        1921 QUAIL COURT
 WEST RICHLAND                           WA         99353           35,000
    34,911.17       14.99        105,000        88,802        1,692
 96/08/26       21/09/01          300       297       117.91
 Y       SFR          C          2
 531868980         2530870        10002 NORTHEAST 7TH ST
 VANCOUVER                               WA         98664           50,000
    49,958.57       15.75        127,000       106,486        2,499
 96/09/09       21/09/16          300       297       123.22
 Y       SFR          C          2
 531623099         2530871        22812 CASEDA
 MISSION VIEJO                           CA         92691           50,000
    49,980.59       13.75        300,000       324,285        5,371
 96/09/26       21/10/15          300       298       124.76
 Y       SFR          C          2
 531624174         2530872        170 MEADOW PARK COURT
 WOODLAND                                WA         98674           50,000
    49,989.42       16.99        103,000        61,000        1,723
 96/10/25       21/11/01          300       299       107.77
 Y       SFR          C          2
 531804285         2530873        611 COURT STREET
 PROSSER                                 WA         99350           43,000
    42,990.90       16.99         98,000        70,109        1,331
 96/11/06       21/11/13          300       299       115.42
 Y       SFR          C          2
 531525241         2530874        3107 EAST 24TH STREET
 VANCOUVER                               WA         98661           25,000
    24,992.27       14.99         66,300        49,000          751
 96/11/01       21/11/06          300       299       111.61
 Y       SFR          C          2
 531526633         2530875        15013 NORTHEAST 21ST S
 VANCOUVER                               WA         98684           28,300
    28,174.54       15.25        150,000       119,000        2,291
 96/09/11       11/09/19          180       177        98.20
 Y       SFR          C          2
 531589539         2530876        2929 SILVERCREST
 BOTHELL                                 WA         98012           40,000
    39,957.39       15.50        128,000       113,748        2,034
 96/09/26       21/10/01          300       298       120.12
 Y       SFR          C          2

 
 531427976         2530877        1725 HEARTWOOD DRIVE
 MCKINLEYVILLE                           CA         95519           50,000
    49,778.32       15.25        136,000       107,751        2,118
 96/08/02       11/08/28          180       176       115.99
 Y       SFR          C          2
 531480561         2530878        10006 GOLDEN GIVEN ROA
 TACOMA                                  WA         98445           43,600
    43,559.08       14.99        110,500        94,500        1,602
 96/09/23       21/10/01          300       298       124.98
 Y       SFR          C          2
 531486516         2530879        1819 33RD AVENUE
 LONGVIEW                                WA         98632           30,000
    29,975.34       15.75        105,000       100,739        1,265
 96/08/20       21/08/26          300       296       124.51
 Y       SFR          C          2
 530944248         2530880        460 SIERRA STREET
 FERNLEY                                 NV         89408           44,000
    43,873.59       15.75         92,500        71,077        1,709
 96/10/24       16/11/07          240       239       124.41
 Y       SFR          C          2
 530948249         2530881        107 SOUTH 62ND STREET
 TACOMA                                  WA         98408           25,000
    24,966.13       15.99        105,000       103,865        1,347
 96/10/25       11/11/01          180       179       122.73
 Y       SFR          C          2
 531382918         2530882        1576 WEST STONEMAN PLA
 ANAHEIM                                 CA         92802           59,000
    58,718.43       14.50        156,000       117,024        1,872
 96/09/17       11/10/04          180       178       112.84
 Y       SFR          C          2
 530920531         2530883        180 LEMLEY AVENUE
 LAS VEGAS                               NV         89124           37,000
    36,859.38       14.25        123,950       117,000        2,037
 96/06/06       16/06/22          240       234       124.24
 Y       SFR          C          2
 530940797         2530884        7965 SHIFTING SANDS CO
 RENO                                    NV         89506           33,000
    32,880.90       15.49        112,000       103,399        1,924
 96/06/24       16/07/02          240       235       121.78
 Y       SFR          C          2
 530943927         2530885        4116 PARK STREET
 LAS VEGAS                               NV         89110           32,200
    32,165.38       14.25         87,000        62,027          868
 96/07/31       21/08/05          300       296       108.31
 Y       SFR          C          2
 530903184         2530886        1750 AUBURN WAY
 RENO                                    NV         89502           75,000
    74,519.87       14.50        123,000        55,818        1,490
 96/08/09       11/09/01          180       177       106.36
 Y       SFR          C          2
 530903496         2530887        815 REVEILLE COURT
 HENDERSON                               NV         89015           50,000
    49,971.68       15.49        185,000       152,589          141
 96/09/30       21/10/07          300       298       109.51
 Y       SFR          C          2
 530908174         2530888        832 FUERTE COURT
 HENDERSON                               NV         89015           25,000
    24,949.18       14.99        108,000       102,072        1,593
 96/08/29       16/09/05          240       237       117.66
 Y       SFR          C          2
 530842122         2530889        6304 BANNOCK WAY
 LAS VEGAS                               NV         89107           24,000
    23,965.33       14.49         85,000        74,720        1,350
 96/10/07       16/10/15          240       238       116.14
 Y       SFR          C          2
 530857066         2530890        5215 FOG RUN COURT
 LAS VEGAS                               NV         89108           25,000
    24,738.22       14.99        112,000       107,561        1,590
 96/07/29       11/08/08          180       176       118.36
 Y       SFR          C          2

 
 530885470         2530891        5841 DUVAL DRIVE
 LAS VEGAS                               NV         89115           50,000
    49,927.85       14.25        119,000        90,793        1,736
 96/08/07       21/08/12          300       296       118.31
 Y       SFR          C          2
 530809862         2530892        2325 HOMELAND STREET
 LAS VEGAS                               NV         89128           43,500
    43,351.99       13.75        143,800       122,018        2,463
 96/10/08       11/10/22          180       178       115.10
 Y       SFR          C          2
 530829456         2530893        8386 GRESHAM DRIVE
 LAS VEGAS                               NV         89123           45,000
    44,932.80       14.25        130,000       109,502        1,881
 96/09/19       16/10/08          240       238       118.85
 Y       SFR          C          2
 530840841         2530894        6609 ELKCREEK LANE
 LAS VEGAS                               NV         89115           16,200
    16,186.17       15.50        110,000        97,010          940
 96/08/23       21/09/26          300       297       102.92
 Y       SFR          C          2
 530774756         2530895        122 ELEGANTE WAY
 HENDERSON                               NV         89014           34,000
    32,780.81       14.49        124,990       122,057        2,012
 96/02/22       06/03/07          120       111       124.86
 Y       SFR          C          2
 530802697         2530896        3502 GUARDSMAN LANE
 NORTH LAS VEGAS                         NV         89030           15,000
    14,330.89       14.99        122,000       119,986        1,315
 96/04/30       16/06/14          240       234       110.64
 Y       SFR          C          2
 530803034         2530897        1452 DOROTHY AVENUE #2
 LAS VEGAS                               NV         89119           16,400
    16,375.79       12.50         62,000        54,680          702
 96/08/17       21/08/21          300       296       114.65
 Y       SFR          C          2
 530709871         2530898        2168 LINDEN TREE STREE
 LAS VEGAS                               NV         89115           39,000
    38,959.95       14.50        141,500       118,000        1,526
 96/08/19       21/08/23          300       296       110.95
 Y       SFR          C          2
 530743818         2530899        3144 SHADOW COURT
 SPARKS                                  NV         89434           20,000
    19,037.01       13.25        155,000       123,731        1,725
 96/08/10       01/09/01           60        57        92.73
 Y       SFR          C          2
 530746106         2530900        1720 ROCKCREST DRIVE
 LAS VEGAS                               NV         89108           25,000
    24,798.71       14.50        125,000        99,558        1,850
 96/06/11       11/06/28          180       174        99.65
 Y       SFR          C          2
 530700177         2530901        8928 DOVE COVE DRIVE
 LAS VEGAS                               NV         89129           25,000
    24,982.96       14.50        155,000       115,278        1,830
 96/10/12       21/10/17          300       298        90.50
 Y       SFR          C          2
 530709766         2530902        1431 ROSE GARDEN LANE
 LAS VEGAS                               NV         89122           34,000
    33,959.21       15.25        151,150       142,340        2,362
 96/08/02       21/08/07          300       296       116.67
 Y       SFR          C          2
 530665077         2530903        10125 CROCKETT DRIVE
 RENO                                    NV         89506           28,000
    27,909.94       13.99        190,000       195,365        2,838
 96/07/02       16/07/10          240       235       117.56
 Y       SFR          C          2
 530689143         2530904        1632 COUNCIL BLUFF LAN
 NORTH LAS VEGAS                         NV         89031           15,000
    14,897.21       14.49        119,225       117,349          580
 96/08/09       16/08/21          240       236       111.01
 Y       SFR          C          2

 
 530646665         2530905        3144 ENSALMO AVENUE
 SAN JOSE                                CA         95118           42,000
    41,867.04       14.49        205,000       177,379        2,583
 96/10/05       11/10/16          180       178       107.01
 Y       SFR          C          2
 530648098         2530906        914 LONGSHANKS WAY
 HENDERSON                               NV         89015           28,000
    28,000.00       14.00        130,000       113,475        1,384
 96/10/22       11/12/11          180       180       108.83
 Y       SFR          C          2
 530628021         2530907        7709 BEACH FALLS
 LAS VEGAS                               NV         89129           25,000
    24,576.30       13.50        115,000        99,425        1,377
 96/09/26       06/10/01          120       118       108.20
 Y       SFR          C          2
 530645372         2530908        876 AMADOR CIRCLE
 CARSON CITY                             NV         89705           25,000
    24,856.57       12.99        108,000        95,772        1,879
 96/07/31       16/08/09          240       236       111.83
 Y       SFR          C          2
 530584716         2530909        845 SPIRITS TRAIL COUR
 HENDERSON                               NV         89015           18,000
    17,909.82       14.00         97,000        94,400        1,328
 96/08/20       11/08/26          180       176       115.88
 Y       SFR          C          2
 530588062         2530910        3914 WEST CREEDANCE BO
 GLENDALE                                AZ         85310           25,000
    24,985.81       15.50        145,000       144,000        1,406
 96/09/30       21/10/15          300       298       116.55
 Y       SFR          C          2
 530606962         2530911        7700 HASKELL FLATS DRI
 LAS VEGAS                               NV         89128           23,300
    23,177.84       14.49        112,000        94,060        1,049
 96/05/07       16/05/14          240       233       104.79
 Y       SFR          C          2
 530564282         2530912        1834 BLUE RIBBON DRIVE
 LAS VEGAS                               NV         89122           28,000
    27,696.41       13.75        110,000       101,873        1,563
 96/06/07       11/06/20          180       174       118.07
 Y       SFR          C          2
 530565758         2530913        1699 GUTHRIE STREET
 VIRGINIA BEACH                          VA         23464           30,000
    28,984.69       15.50         95,000        85,185        1,804
 96/09/13       01/10/09           60        58       121.25
 Y       SFR          C          2
 530521937         2530914        3012 ST. GEORGE STREET
 NORTH LAS VEGAS                         NV         89030           20,000
    19,967.97       13.75         66,000        42,177        1,708
 96/08/29       16/10/04          240       238        94.21
 Y       SFR          C          2
 530523158         2530915        808 GLEN VALLEY DRIVE
 SPARKS                                  NV         89434           50,000
    49,946.21       14.25        113,000        87,665        1,935
 96/08/13       21/08/28          300       296       121.83
 Y       SFR          C          2
 530561379         2530916        2808 PINEWOOD DRIVE
 SPARKS                                  NV         89434           35,000
    34,962.35       14.25        133,000       110,387        1,696
 96/09/06       21/09/27          300       297       109.31
 Y       SFR          C          2
 530482670         2530917        1525 KEESLING AVENUE
 SAN JOSE                                CA         95125           50,000
    49,602.32       14.49        250,000       220,402        2,484
 96/04/10       16/04/15          240       232       108.16
 Y       SFR          C          2
 530501777         2530918        37302 DOWNING STREET
 PALMDALE                                CA         93550           32,000
    31,978.23       14.50        130,000       122,843        1,854
 96/09/22       21/10/23          300       298       119.11
 Y       SFR          C          2

 
 530520011         2530919        11571 MISTLETOE STREET
 RENO                                    NV         89506           20,150
    20,099.54       13.49        105,500       108,305        1,231
 96/08/29       16/09/11          240       237       121.76
 Y       SFR          C          2
 530369242         2530920        9428 ROLLING RIDGE LAN
 LAS VEGAS                               NV         89134           40,000
    38,964.24       14.99        135,000       109,640        2,600
 96/06/18       21/08/28          300       296       110.84
 Y       SFR          C          2
 530389482         2530921        621 BROWNLEE DRIVE
 HENDERSON                               NV         89015           50,000
    49,958.91       14.75        133,000       113,565        1,733
 96/09/13       21/10/09          300       298       122.98
 Y       SFR          C          2
 530479879         2530922        3704 LIGHTHOUSE AVENUE
 LAS VEGAS                               NV         89110           25,000
    24,968.51       14.99        100,000        82,163        1,360
 96/08/17       21/08/21          300       296       107.16
 Y       SFR          C          2
 530342945         2530923        705 HOGE ROAD
 RENO                                    NV         89506           62,600
    62,517.61       14.75        133,000       103,647        2,764
 96/08/06       21/08/21          300       296       125.00
 Y       SFR          C          2
 530344500         2530924        7036 WESTBROOK AVENUE
 LAS VEGAS                               NV         89117           40,000
    39,727.32       14.99        118,000        99,887        1,981
 96/04/25       16/05/03          240       233       118.55
 Y       SFR          C          2
 530214353         2530925        8339 TRIBUTE LANE
 LAS VEGAS                               NV         89117           21,000
    20,971.72       14.99        116,000       105,636        1,268
 96/10/09       16/10/15          240       238       109.17
 Y       SFR          C          2
 530221370         2530926        648 HUNTERS TRAIL
 GLENDORA                                CA         91740           66,000
    65,721.52       15.75        260,000       258,784        5,052
 96/08/19       11/08/28          180       176       124.92
 Y       SFR          C          2
 530309556         2530927        5946 MEADOWBROOK LANE
 RIVERSIDE                               CA         92504           23,000
    22,537.90       13.25        112,000        99,400        1,828
 96/07/01       11/07/15          180       175       109.29
 Y       SFR          C          2
 530099590         2530928        3147 LA MANCHA WAY
 HENDERSON                               NV         89014           41,000
    40,867.23       13.75        162,000       154,738        2,208
 96/07/27       16/08/01          240       236       120.83
 Y       SFR          C          2
 530131299         2530929        2032 SUMMIT POINTE DRI
 LAS VEGAS                               NV         89117           40,000
    39,434.38       12.99        233,000       191,684        2,613
 96/04/10       11/04/18          180       172        99.44
 Y       SFR          C          2
 530153660         2530930        556 SANDBAR
 HENDERSON                               NV         89015           35,000
    34,942.09       14.75        140,000       119,944        1,895
 96/07/22       21/07/26          300       295       110.67
 Y       SFR          C          2
 530082310         2530931        34 EAST I STREET
 SPARKS                                  NV         89431           18,000
    17,472.20       14.99        119,000       109,000        1,051
 96/03/26       11/04/10          180       172       106.72
 Y       SFR          C          2
 530086316         2530932        2115 ACKERMAN DRIVE
 PITTSBURG                               CA         94565           25,000
    24,978.68       13.25        150,000       137,975        1,291
 96/10/02       16/10/23          240       238       108.65
 Y       SFR          C          2

 
 530089769         2530933        5807 DEER VALLEY DRIVE
 LAS VEGAS                               NV         89115           25,000
    24,963.95       14.50        110,000       108,828        1,503
 96/09/26       16/10/01          240       238       121.66
 Y       SFR          C          2
 530024925         2530934        4320 MAYFLOWER LANE
 LAS VEGAS                               NV         89107           23,000
    22,776.88       14.49         94,000        93,765        1,139
 96/04/03       16/09/15          240       237       124.22
 Y       SFR          C          2
 530028109         2530935        3703 GLACIER GROVE DRI
 NORTH LAS VEGAS                         NV         89030           50,000
    49,889.88       14.25        132,600       115,719        2,176
 96/07/31       21/08/05          300       296       124.98
 Y       SFR          C          2
 530061691         2530936        1622 STEINBECK DRIVE
 ROSEVILLE                               CA         95747           22,000
    22,000.00       14.75        135,000       124,532        1,444
 96/11/25       21/12/28          300       300       108.54
 Y       SFR          C          2
 529923467         2530937        5209 SAN ANSELMO STREE
 LAS VEGAS                               NV         89120           25,000
    24,986.51       15.75         94,000        84,700        1,530
 96/10/11       21/10/15          300       298       116.70
 Y       SFR          C          2
 529960811         2530938        9961 NORTH 5800 WEST
 HIGHLAND                                UT         84003           45,000
    45,000.00       16.75        151,000       122,000        1,407
 96/11/12       21/12/15          300       300       110.60
 Y       SFR          C          2
 530021468         2530939        4005 TALARA LANE
 NORTH LAS VEGAS                         NV         89030           21,500
    21,399.74       12.75        110,000        96,338        1,518
 96/08/13       16/08/19          240       236       107.13
 Y       SFR          C          2
 529672206         2530940        4783 WEST CINNAMON TRE
 WEST VALLEY CITY                        UT         84120           30,450
    30,439.20       14.25        118,321       117,235        1,437
 96/10/15       21/11/01          300       299       124.82
 Y       SFR          C          2
 529860164         2530941        4179 BLUE JAY
 WEST VALLEY CITY                        UT         84120           20,000
    19,941.27       15.25        100,200        78,500        1,513
 96/10/01       11/10/22          180       178        98.30
 Y       SFR          C          2
 529861021         2530942        24925 VIA SONOMA
 LAGUNA NIGUEL                           CA         92677           36,300
    36,196.01       15.50        215,000       188,665        2,970
 96/10/04       11/10/15          180       178       104.63
 Y       SFR          C          2
 529411488         2530943        711 WEST 750 SOUTH
 TREMONTON                               UT         84337           47,900
    47,824.29       13.75        104,622        81,925        1,261
 96/07/14       21/08/02          300       296       124.09
 Y       SFR          C          2
 529475505         2530944        773 EAST SPRUCE MESA W
 SANDY                                   UT         84094           64,000
    63,945.43       13.25        135,000        96,339        1,634
 96/10/04       16/11/01          240       239       118.77
 Y       SFR          C          2
 529563891         2530945        2635 MARIO DRIVE
 TRACY                                   CA         95376           39,000
    38,758.32       14.49        165,000       139,262        1,824
 96/04/29       16/05/06          240       233       108.04
 Y       SFR          C          2
 529237831         2530946        31144 SLATE STREET
 MENTONE                                 CA         92359           30,500
    30,423.67       13.75        116,000       104,608        1,629
 96/09/18       16/10/18          240       238       116.47
 Y       SFR          C          2

 
 529273024         2530947        2070 BOWSTRING DRIVE
 LAS VEGAS                               NV         89122           38,500
    38,419.44       14.75         82,000        63,978        1,413
 96/07/26       21/08/01          300       296       124.97
 Y       SFR          C          2
 529358394         2530948        9477 N. 50TH DRIVE
 GLENDALE                                AZ         85302           21,300
    21,219.10       14.49        115,000       108,784        1,603
 96/05/23       16/06/01          240       234       113.12
 Y       SFR          C          2
 529231691         2530950        8845 W. BETTY ELYSE LA
 PEORIA                                  AZ         85382           25,000
    24,877.90       14.99        120,000       107,676        1,393
 96/04/10       16/04/15          240       232       110.56
 Y       SFR          C          2
 528961213         2530951        1917 S. FONTANA
 MESA                                    AZ         85204           25,000
    24,924.18       14.99         95,000        93,610        1,154
 96/09/05       16/09/11          240       237       124.85
 Y       SFR          C          2
 529020340         2530952        2785 WEST 5300 SOUTH
 ROY                                     UT         84067           25,000
    24,928.38       15.50         97,000        84,129        1,169
 96/09/26       11/10/15          180       178       112.50
 Y       SFR          C          2
 529083985         2530953        4648 OXBOW DRIVE
 SACRAMENTO                              CA         95864           30,500
    30,479.62       15.00        204,000       193,199        3,064
 96/10/18       16/11/13          240       239       109.66
 Y       SFR          C          2
 528806679         2530954        395 WEST HARRISON AVEN
 AMERICAN FORK                           UT         84003           18,000
    17,975.77       14.99        109,000        88,350        1,740
 96/09/18       16/10/01          240       238        97.57
 Y       SFR          C          2
 528886278         2530955        214 SOUTH 650 WEST
 PAYSON                                  UT         84651           40,000
    39,936.78       13.75        131,000        92,597        1,299
 96/07/02       21/07/19          300       295       101.22
 Y       SFR          C          2
 528920993         2530956        950 WEST 200 SOUTH
 CLEARFIELD                              UT         84015           22,000
    21,837.20       14.99        136,000       111,760        1,350
 96/09/24       11/10/01          180       178        98.35
 Y       SFR          C          2
 528581419         2530957        7834 W. MIDWAY AVENUE
 GLENDALE                                AZ         85303           37,500
    37,433.87       15.99         87,000        71,061        1,522
 96/08/01       16/08/08          240       236       124.78
 Y       SFR          C          2
 528604160         2530958        5327 WEST AVENUE L-4
 LANCASTER                               CA         93536           27,000
    26,556.66       13.25        114,500       112,484        1,588
 96/07/31       06/08/09          120       116       121.82
 Y       SFR          C          2
 528667023         2530959        5815 WEST PARK PLACE
 PASCO                                   WA         99301           25,000
    24,962.18       13.99         75,000        60,379          930
 96/07/03       21/07/10          300       295       113.84
 Y       SFR          C          2
 528483961         2530960        6319 SPRING MEADOW DRI
 LAS VEGAS                               NV         89103           30,000
    29,555.17       14.50        126,500        83,276        2,156
 96/08/21       16/08/26          240       236        89.55
 Y       SFR          C          2
 528530783         2530961        371 EAST 100 SOUTH
 PLEASANT GROVE                          UT         84062           24,900
    24,779.22       15.50         85,000        78,647        1,037
 96/09/20       11/10/01          180       178       121.82
 Y       SFR          C          2

 
 528543627         2530962        1673 LONG HORIZON LANE
 HENDERSON                               NV         89014           50,000
    49,953.07       14.99        200,000       187,544        2,674
 96/09/12       21/09/27          300       297       118.77
 Y       SFR          C          2
 528460758         2530963        3440 RACHEL COURT
 LOOMIS                                  CA         95650           30,300
    29,955.09       14.99        156,000       164,619        2,273
 96/06/24       16/07/01          240       235       124.95
 Y       SFR          C          2
 528480212         2530964        3078 BRIDGEFORD DRIVE
 SACRAMENTO                              CA         95833           27,800
    27,581.58       14.99        140,000       135,500        1,154
 96/06/24       11/07/01          180       175       116.64
 Y       SFR          C          2
 528355163         2530965        13142 BEACH STREET
 CERRITOS                                CA         90701           40,000
    39,789.48       13.49        280,000       207,000        2,875
 96/08/22       11/09/01          180       177        88.21
 Y       SFR          C          2
 528358196         2530966        2059 SEQUOIA CREST
 VISTA                                   CA         92083           50,000
    49,959.05       13.49        187,808       156,261        2,236
 96/09/30       21/10/05          300       298       109.83
 Y       SFR          C          2
 528370795         2530967        3225 LONGVIEW ROAD
 ANTIOCH                                 CA         94509           40,000
    39,968.75       13.75        154,820       140,052        1,753
 96/08/16       21/09/26          300       297       116.30
 Y       SFR          C          2
 528111922         2530968        15782 ROLLING RIDGE DR
 CHINO                                   CA         91709           50,000
    49,924.54       15.25        162,000       143,000        3,276
 96/06/21       21/07/12          300       295       119.14
 Y       SFR          C          2
 5282785381        2530969        718 CALLE CASITA
 SAN CLEMENTE                            CA         92672           25,000
    24,954.62       14.25        140,000       137,000        1,667
 96/06/19       21/07/15          300       295       115.71
 Y       SFR          C          2
 528335478         2530970        4 VALLECITO
 FOOTHILL RANCH                          CA         92610           40,000
    39,430.60       14.99        192,500       192,500        2,223
 96/05/16       16/05/23          240       233       120.78
 Y       SFR          C          2
 527983396         2530971        13957 BROCK LANE
 GARDEN GROVE                            CA         92643           36,000
    35,673.21       13.25        145,000       142,001        1,920
 96/07/11       11/07/22          180       175       122.76
 Y       SFR          C          2
 528027720         2530972        854 N. 300 E.
 SPANISH FORK                            UT         84660           30,000
    29,202.34       15.50        175,000       170,658        1,835
 96/09/23       16/09/01          240       237       114.66
 Y       SFR          C          2
 528044315         2530973        490 E. 300 S.
 PAYSON                                  UT         84651           24,999
    24,940.60       13.99         80,000        63,000        1,351
 96/08/23       16/09/01          240       237       110.00
 Y       SFR          C          2
 527923585         2530974        6765 WEST LOUISE DRIVE
 GLENDALE                                AZ         85310           30,000
    29,872.22       12.99        135,000       114,340        1,227
 96/08/05       16/09/12          240       237       106.92
 Y       SFR          C          2
 527929682         2530975        1157 KIPLING AVENUE
 LOS ANGELES                             CA         90041           35,000
    35,000.00       15.00        165,000       151,021        2,291
 96/11/20       16/12/25          240       240       112.74
 Y       SFR          C          2

 
 527980057         2530976        409 DON PEDRO CIRCLE
 NORTH LAS VEGAS                         NV         89031           34,000
    33,912.06       13.25        105,000        92,741        1,707
 96/08/15       16/09/06          240       237       120.71
 Y       SFR          C          2
 527880275         2530977        1312 EAST COLTER STREE
 PHOENIX                                 AZ         85014           30,000
    29,318.14       13.49         90,000        62,468        1,116
 96/08/02       16/08/23          240       236       102.74
 Y       SFR          C          2
 527895966         2530978        3725 W. ROSE LANE
 PHOENIX                                 AZ         85019           19,984
    19,467.57       15.49         69,000        58,831        1,097
 96/08/21       02/08/28           72        68       114.22
 Y       SFR          C          2
 527897075         2530979        6802 S. 5TH AVENUE
 TUCSON                                  AZ         85706           29,500
    29,472.30       14.99         65,000        48,658          727
 96/09/07       21/09/18          300       297       120.24
 Y       SFR          C          2
 527803646         2530980        1961 BOOKBINDER DRIVE
 LAS VEGAS                               NV         89108           35,000
    34,906.19       12.99        126,000       106,848        1,545
 96/09/21       16/09/27          240       237       112.58
 Y       SFR          C          2
 527866101         2530981        613 EAST MURIEL DRIVE
 PHOENIX                                 AZ         85022           33,500
    33,486.99       13.75        126,500       119,988        1,481
 96/10/16       21/11/06          300       299       121.33
 Y       SFR          C          2
 527873140         2530982        2322 E. DOLPHIN AVENUE
 MESA                                    AZ         85204           22,500
    22,291.39       14.99         90,000        81,901        1,357
 96/05/20       11/05/28          180       173       116.00
 Y       SFR          C          2
 527711575         2530983        4027 E. EVANS DRIVE
 PHOENIX                                 AZ         85032           22,931
    22,665.98       14.99         77,600        73,319        1,037
 96/05/17       11/05/23          180       173       124.03
 Y       SFR          C          2
 527726782         2530984        3255 HOMER STREET
 SAN DIEGO                               CA         92106           60,000
    59,935.46       14.25        212,000       182,769        2,586
 96/08/15       21/09/12          300       297       114.51
 Y       SFR          C          2
 527736411         2530985        20302 W. RAINBOW TRAIL
 BUCKEYE                                 AZ         85326           25,000
    24,934.08       15.75         85,000        76,240          984
 96/08/05       16/08/12          240       236       119.11
 Y       SFR          C          2
 527668011         2530986        11150 GLENOAKS BOULEVA
 PACOIMA                                 CA         91331           40,000
    39,952.86       13.75        125,000       106,875        2,650
 96/09/27       21/10/04          300       298       117.50
 Y       SFR          C          2
 527671068         2530987        5214 W. SIERRA STREET
 GLENDALE                                AZ         85304           20,000
    19,682.04       15.49         91,000        89,059        1,065
 96/06/24       16/07/01          240       235       119.85
 Y       SFR          C          2
 527691249         2530988        353 DOCKSIDE COURT
 LAS VEGAS                               NV         89128           25,000
    24,880.57       14.49        128,000       120,199        1,525
 96/09/03       11/09/12          180       177       113.44
 Y       SFR          C          2
 527639271         2530989        6101 W. DESERT HILLS D
 GLENDALE                                AZ         85304           28,000
    27,921.07       14.75        124,000       102,871        2,360
 96/08/08       16/08/14          240       236       105.54
 Y       SFR          C          2

 
 527647096         2530990        2901 E. WINDOSONG DRIV
 PHOENIX                                 AZ         85048           50,000
    49,855.30       15.25        160,000       139,759        2,235
 96/07/20       21/07/26          300       295       118.60
 Y       SFR          C          2
 527651098         2530991        9712 POLO CIRCLE
 LAS VEGAS                               NV         89117           50,000
    49,964.35       14.25        175,000       155,000        2,138
 96/09/12       21/10/01          300       298       117.14
 Y       COND         C          2
 527554414         2530992        3216 WEST GELDING DRIV
 PHOENIX                                 AZ         85023           20,000
    19,971.11       14.49         90,000        81,751        1,517
 96/07/29       16/09/05          240       237       113.06
 Y       SFR          C          2
 527558537         2530993        1751 E. 1ST
 MESA                                    AZ         85203           20,000
    19,754.63       14.99         98,125        77,189        1,569
 96/05/14       16/05/21          240       233        99.05
 Y       SFR          C          2
 527606041         2530994        1025 W. KEATING
 MESA                                    AZ         85210           49,300
    49,130.63       14.99        115,000        91,848        1,464
 96/10/07       21/10/15          300       298       122.74
 Y       SFR          C          2
 527498704         2530995        5319 LAGUNA PARK DRIVE
 ELK GROVE                               CA         92758           27,900
    27,809.66       13.75        141,000       130,758        1,521
 96/07/30       16/08/15          240       236       112.52
 Y       SFR          C          2
 527534092         2530996        1074 TIOGA WAY
 MANTECA                                 CA         95337           32,000
    31,977.19       14.25        139,000       134,000        2,841
 96/09/07       21/10/01          300       298       119.42
 Y       SFR          C          2
 527538429         2530997        4219 WEST CYPRESS
 PHOENIX                                 AZ         85009           21,000
    20,958.53       15.49         55,000        42,819          910
 96/09/16       16/09/23          240       237       116.03
 Y       SFR          C          2
 527364912         2530998        103 S. 11TH STREET
 COTTONWOOD                              AZ         96326           35,000
    34,609.70       15.99         86,000        54,886        1,219
 96/01/30       16/02/06          240       230       104.52
 Y       SFR          C          2
 527398313         2530999        3 PUERTO CARAVACA
 SAN CLEMENTE                            CA         92672           67,000
    66,951.98       14.50        270,000       197,206        3,004
 96/11/06       16/12/13          240       240        97.85
 Y       SFR          C          2
 527154291         2531001        949 ZUMSTEIN DRIVE
 RIPON                                   CA         95366           50,000
    49,925.34       14.25        177,750       154,000          977
 96/10/11       16/10/15          240       238       114.77
 Y       SFR          C          2
 5271994531        2531002        2557 PINE AVENUE
 LONG BEACH                              CA         90806           55,000
    54,647.89       14.50        165,231       144,478        2,502
 96/07/20       11/08/14          180       176       120.73
 Y       SFR          C          2
 527296244         2531003        28330 HAMPSHIRE DRIVE
 QUAIL VALLEY                            CA         92587           24,000
    23,930.10       13.75         80,000        70,195        1,369
 96/07/27       16/08/03          240       236       117.74
 Y       SFR          C          2
 5271190621        2531004        4044 BEECHWOOD PLACE
 RIVERSIDE                               CA         92506           20,000
    19,669.84       14.25        123,500       118,950        1,377
 96/08/15       06/08/15          120       116       112.51
 Y       SFR          C          2

 
 527132225         2531005        3719 CAPETOWN STREET
 LAKEWOOD                                CA         90712           25,000
    24,732.60       13.50        161,000       159,000        1,856
 96/04/25       11/05/14          180       173       114.29
 Y       SFR          C          2
 527132981         2531006        827 SCHOONER DRIVE
 HENDERSON                               NV         89015           50,000
    49,623.39       14.25        120,000        81,301        1,593
 96/11/01       21/11/02          300       299       109.42
 Y       SFR          C          2
 527045738         2531007        2455 HARRISON STREET
 SAN BERNARDINO                          CA         92404           25,000
    24,686.94       14.25        130,000       123,000        1,595
 96/09/13       11/09/20          180       177       113.85
 Y       SFR          C          2
 527062188         2531008        6245 RACHEL LANE
 LOOMIS                                  CA         95650           30,000
    29,727.66       13.25        157,940       156,750        1,706
 96/06/27       11/07/17          180       175       118.24
 Y       SFR          C          2
 527067841         2531009        3240 S. MEAD AVENUE
 TUCSON                                  AZ         85734           20,000
    19,899.04       14.99        100,000        89,188        1,147
 96/10/04       16/10/15          240       238       109.19
 Y       SFR          C          2
 526940563         2531011        27401 WESTOVER WAY
 VALENCIA                                CA         91354           62,000
    61,699.74       15.50        307,500       271,900        4,629
 96/09/09       21/09/23          300       297       108.59
 Y       SFR          C          2
 526999689         2531012        421 W. ROSS AVENUE
 PHOENIX                                 AZ         85027           17,258
    17,155.25       15.25         96,000        78,643        1,013
 96/07/25       11/09/01          180       177        99.90
 Y       SFR          C          2
 526829338         2531013        22810 ALDER LANE
 CRESTLINE                               CA         92325           25,000
    24,877.74       14.25        140,000       120,500        1,685
 96/09/05       11/09/16          180       177       103.93
 Y       SFR          C          2
 526843397         2531014        1454 E. CARSON ROAD
 PHOENIX                                 AZ         85040           30,700
    30,610.29       15.75         86,000        73,168        1,385
 96/06/24       16/07/02          240       235       120.78
 Y       SFR          C          2
 526856645         2531015        7520 E. MCKINLEY STREE
 SCOTTSDALE                              AZ         85257           18,900
    18,843.03       14.99         84,000        79,367        1,142
 96/10/24       11/11/01          180       179       116.98
 Y       SFR          C          2
 526744264         2531016        1111 N. 64TH STREET UN
 MESA                                    AZ         85205           23,000
    22,850.68       14.99         82,500        80,051        1,436
 96/06/10       16/06/14          240       234       124.91
 Y       SFR          C          2
 526762163         2531017        1067 NORTH STRIKE WAY
 KUNA                                    ID         83634           15,000
    14,959.78       13.75        130,000       107,419        1,615
 96/08/28       21/09/19          300       297        94.17
 Y       SFR          C          2
 526768528         2531018        979 REDWOOD COURT
 CORONA                                  CA         91719           35,000
    34,724.96       14.75        125,000       110,005        1,644
 96/07/12       11/07/19          180       175       116.00
 Y       SFR          C          2
 526718061         2531019        35630 NORTH 12TH STREE
 PHOENIX                                 AZ         85027           25,000
    24,903.98       12.49        115,000        78,557        1,990
 96/10/09       11/10/17          180       178        90.05
 Y       SFR          C          2

 
 526737407         2531020        725 S. CHERI-LYNN DRIV
 CHANDLER                                AZ         85224           30,000
    29,881.82       13.99        115,000        96,334          779
 96/06/08       16/06/14          240       234       109.86
 Y       SFR          C          2
 526737873         2531021        10122 W. READE AVENUE
 GLENDALE                                AZ         85307           28,100
    27,947.15       14.99         84,000        76,843        1,608
 96/05/16       16/05/22          240       233       124.93
 Y       SFR          C          2
 526693375         2531022        981 E. GARY DRIVE
 CHANDLER                                AZ         85225           15,000
    14,873.39       14.99        108,200       107,500        1,233
 96/07/02       11/07/09          180       175       113.22
 Y       SFR          C          2
 526708966         2531023        522 DUTCHMAN AVENUE
 HENDERSON                               NV         89015           59,300
    59,197.22       13.50        110,000        77,487        2,708
 96/10/27       11/11/13          180       179       124.35
 Y       SFR          C          2
 526712467         2531024        1404 GEORGIA AVENUE
 BOULDER CITY                            NV         89005           15,000
    14,978.63       15.49        130,000       122,707        1,823
 96/10/11       11/10/23          180       178       105.93
 Y       SFR          C          2
 526512929         2531025        4516 IMPERIAL BEACH AV
 NORTH LAS VEGAS                         NV         89030           23,000
    22,889.98       14.99        103,044       100,584        2,381
 96/05/06       16/05/13          240       233       119.93
 Y       SFR          C          2
 526553943         2531026        4201 N. 20TH STREET #1
 PHOENIX                                 AZ         85016           25,000
    24,931.82       14.99         70,000        56,538        1,234
 96/07/22       16/08/01          240       236       116.48
 Y       COND         C          2
 526673700         2531027        3723 W. DANBURY DRIVE
 GLENDALE                                AZ         85308           21,050
    20,937.46       14.99         90,000        85,129        1,442
 96/09/04       11/09/10          180       177       117.98
 Y       SFR          C          2
 526423996         2531028        18830-F WEST VISTA DEL
 NEWHALL                                 CA         91321           25,000
    24,993.96       16.99        128,000       101,832        1,776
 96/10/29       21/11/06          300       299        99.09
 Y       COND         C          2
 526491875         2531029        7205 N.E. 10TH AVENUE
 PORTLAND                                OR         97211           29,000
    28,970.21       13.25         65,000        32,546          664
 96/11/02       21/11/17          300       299        94.69
 Y       SFR          C          2
 526494986         2531030        3807 WEST MERCER LANE
 PHOENIX                                 AZ         85029           40,000
    39,711.87       14.49         86,000        62,508        1,380
 96/04/09       16/04/15          240       232       119.20
 Y       SFR          C          2
 526198088         2531031        102 W. PIUTE AVENUE
 PHOENIX                                 AZ         85027           25,000
    24,818.67       14.49         93,000        83,806        1,098
 96/04/11       16/04/17          240       232       117.00
 Y       SFR          C          2
 526238790         2531032        19226 N. 17TH AVENUE
 PHOENIX                                 AZ         85027           18,000
    17,643.26       14.99         75,000        69,352        1,058
 96/06/10       16/06/14          240       234       116.47
 Y       SFR          C          2
 526423165         2531033        14049 N. 49TH AVENUE
 GLENDALE                                AZ         85306           44,000
    43,748.12       14.99         71,500        44,944        1,186
 96/09/28       11/10/04          180       178       124.40
 Y       SFR          C          2

 
 525807532         2531034        1 REEF
 LAGUNA NIGUEL                           CA         92677           37,000
    36,824.06       13.99        375,000       396,352        4,957
 96/06/20       16/07/01          240       235       115.56
 Y       SFR          C          2
 525821018         2531035        826 CALLE PLUMA
 SAN CLEMENTE                            CA         92672           36,320
    36,243.68       14.75        200,000       146,430        2,519
 96/08/30       16/09/19          240       237        91.38
 Y       SFR          C          2
 526025602         2531036        11 KAITLYN COURT
 ALISO VIEJO                             CA         92656           40,000
    39,965.77       13.25        169,948       158,871        2,612
 96/09/27       21/10/17          300       298       117.02
 Y       COND         C          2
 524923169         2531037        4944 NORTH DIANA STREE
 FRESNO                                  CA         93726           46,500
    46,373.26       16.00        100,000        67,481        1,649
 96/09/28       11/10/17          180       178       113.98
 Y       SFR          C          2
 524940493         2531038        714 BELMONT AVENUE
 PUEBLO                                  CO         81004           35,550
    35,464.16       13.75         76,900        59,417        1,160
 96/08/15       16/09/01          240       237       123.49
 Y       SFR          C          2
 525158801         2531039        2488 VIA DI AUTOSTRADA
 HENDERSON                               NV         89014           25,000
    24,813.90       14.99        120,000       114,405        2,355
 96/05/10       16/05/24          240       233       116.17
 Y       SFR          C          2
 524789124         2531040        1219 SOUTH RARITAN STR
 DENVER                                  CO         80223           38,700
    38,618.64       14.25        100,000        86,168        1,191
 96/09/19       21/10/02          300       298       124.87
 Y       SFR          C          2
 524802494         2531041        822 HOLLY SPRIG COURT
 NORTH LAS VEGAS                         NV         89030           13,000
    12,841.40       14.99        124,850       120,193        1,693
 96/06/05       11/06/14          180       174       106.68
 Y       SFR          C          2
 524805482         2531042        44860 NORTH 16TH STREE
 LANCASTER                               CA         93535           37,000
    36,392.51       13.25        113,673        85,707        1,805
 96/07/18       06/08/16          120       116       107.95
 Y       SFR          C          2
 524627528         2531043        9646 TELEGRAPH ROAD
 DOWNEY                                  CA         90240           40,000
    39,707.49       14.49        145,000       128,470        2,903
 96/06/09       16/06/14          240       234       116.19
 Y       SFR          C          2
 524666296         2531044        3151 CRESCENT AVENUE
 MARINA                                  CA         93933           50,000
    49,857.68       14.25        155,000       142,119        2,906
 96/07/05       21/09/11          300       297       123.95
 Y       SFR          C          2
 524586840         2531045        1040 HOOVER STREET
 ESCONDIDO                               CA         92027           33,765
    33,734.81       15.25        164,000       171,088        1,746
 96/08/05       21/08/14          300       296       124.91
 Y       SFR          C          2
 524627228         2531046        1221 SMITHLAND AVENUE
 LA JUNTA                                CO         81050           27,500
    27,428.90       13.25         90,000        58,235        1,214
 96/08/16       16/09/01          240       237        95.26
 Y       SFR          C          2
 524542629         2531047        2501 DRIFTWOOD
 PUEBLO                                  CO         81005           53,300
    53,118.42       13.75         90,500        39,711        2,009
 96/09/23       11/10/02          180       178       102.77
 Y       SFR          C          2

 
 524585300         2531048        1937 NORTH COOL CREEK
 MERIDIAN                                ID         83642           30,000
    29,984.54       15.99        110,000       103,709        1,340
 96/10/11       21/10/23          300       298       121.55
 Y       SFR          C          2
 524211248         2531049        5354 TULSA WAY
 DENVER                                  CO         80239           25,000
    24,877.77       14.25         90,000        67,712        1,012
 96/09/16       11/09/27          180       177       103.01
 Y       SFR          C          2
 524291117         2531050        4694 SOUTH GARLAND WAY
 LITTLETON                               CA         80123           30,000
    28,918.96       13.75        120,000        85,048        1,450
 96/08/29       21/09/18          300       297        95.87
 Y       SFR          C          2
 524354402         2531051        727 COLLYER STREET
 LONGMONT                                CO         80501           22,000
    21,841.15       13.25        150,000        96,174        1,511
 96/07/29       11/08/16          180       176        78.78
 Y       SFR          C          2
 524190485         2531052        2064 TURNER COURT
 CASTLE ROCK                             CO         80104           25,000
    24,943.67       14.25        125,000       113,415          920
 96/08/27       16/09/17          240       237       110.73
 Y       SFR          C          2
 5241912681        2531053        9696 WEST IDA PLACE
 LITTLETON                               CO         80123           27,500
    27,500.00       13.75        205,000       162,620        2,639
 96/11/15       11/12/15          180       180        92.74
 Y       SFR          C          2
 524210234         2531054        4925 WAGON MASTER DRIV
 COLORADO SPRINGS                        CO         80917           75,000
    74,968.10       13.25        143,000        89,988        2,177
 96/10/12       21/11/01          300       299       115.38
 Y       SFR          C          2
 524134280         2531055        2150 SORRENTO DRIVE
 OCEANSIDE                               CA         92056           56,000
    53,609.31       15.25        150,000       128,149        3,277
 96/09/10       16/09/14          240       237       122.77
 Y       SFR          C          2
 524171702         2531056        1073 NEZ PERCE DRIVE
 COLORADO SPRINGS                        CO         80915           28,100
    27,985.60       13.75        101,000        90,834        1,208
 96/06/24       16/07/18          240       235       117.76
 Y       SFR          C          2
 524176287         2531057        9130 WEST 94TH AVENUE
 WESTMINSTER                             CO         80021           30,000
    29,962.83       13.75        132,000       134,260        1,850
 96/08/09       21/09/01          300       297       124.44
 Y       SFR          C          2
 524042464         2531058        7606 JARED WAY
 LITTLETON                               CO         80125           21,000
    20,917.28       13.99        129,000       122,290        2,002
 96/06/19       16/07/15          240       235       111.08
 Y       SFR          C          2
 524066063         2531059        340 KOHL STREET
 BROOMFIELD                              CO         80020           50,000
    49,879.28       13.75        145,000       119,337        2,506
 96/07/24       16/08/12          240       236       116.78
 Y       SFR          C          2
 524112092         2531060        12951 OLMSTEAD PLACE
 DENVER                                  CO         80239           13,000
    12,978.54       14.00         74,000        65,400          785
 96/10/02       11/11/01          180       179       105.95
 Y       SFR          C          2
 523943074         2531061        814 WILDWOOD DRIVE
 LEMOORE                                 CA         93245           29,000
    28,914.88       14.50        137,000       113,301        2,093
 96/07/12       16/08/07          240       236       103.87
 Y       SFR          C          2

 
 523945877         2531062        4337 E. MOSSMAN ROAD
 PHOENIX                                 AZ         85024           41,300
    41,175.54       14.99        215,000       197,780        2,481
 96/10/10       11/10/17          180       178       111.20
 Y       SFR          C          2
 524041049         2531063        9355 UTE ROAD
 CASCADE                                 CO         80809           50,000
    49,867.98       14.25        115,000        67,704        1,844
 96/08/29       16/09/04          240       237       102.35
 Y       SFR          C          2
 523827714         2531064        824 BROOKSIDE DRIVE
 CORTEZ                                  CO         81321           36,000
    35,806.08       13.25         80,000        63,266        1,218
 96/09/06       11/09/23          180       177       124.08
 Y       SFR          C          2
 523832043         2531065        805 MALLEY DRIVE
 NORTHGLENN                              CO         80233           50,000
    49,829.89       13.75         95,000        66,916        1,270
 96/09/20       11/10/01          180       178       123.07
 Y       SFR          C          2
 523869311         2531066        10923 WEST RICHEY COUR
 BOISE                                   ID         83713           33,000
    32,957.40       13.25         85,000        72,957        1,492
 96/08/28       21/09/11          300       297       124.66
 Y       SFR          C          2
 523783489         2531067        11865 TRACY LANE
 PEYTON                                  CO         80831           28,500
    28,261.60       14.25        102,000        88,739        1,748
 96/06/17       11/07/05          180       175       114.94
 Y       SFR          C          2
 523826222         2531068        1551 BELMONT DRIVE
 LONGMONT                                CO         80503           57,000
    56,810.54       13.99        156,000       137,079        2,209
 96/09/15       11/10/14          180       178       124.41
 Y       SFR          C          2
 523622119         2531069        9471 WEST 104TH PLACE
 BROOMFIELD                              CO         80021           75,000
    74,911.62       13.75        150,000       112,431        2,195
 96/08/14       21/09/01          300       297       124.95
 Y       SFR          C          2
 523726468         2531070        5712 WEST 25TH AVENUE
 KENNEWICK                               WA         99337           40,000
    39,990.25       16.25        157,500       141,490        1,962
 96/11/01       21/11/08          300       299       115.23
 Y       SFR          C          2
 523747237         2531071        3006 FAIRVIEW DRIVE
 VISTA                                   CA         92084           75,000
    74,915.40       13.99        347,000       227,600        4,338
 96/09/16       21/09/24          300       297        87.20
 Y       SFR          C          2
 523440764         2531072        34572 BLUESTONE COMMON
 FREMONT                                 CA         94555           29,250
    29,157.74       14.25        128,500       126,877        2,107
 96/06/28       16/08/15          240       236       121.50
 Y       SFR          C          2
 523481637         2531073        11447 HESPERIAN COURT
 GOLD RIVER                              CA         95670           50,000
    49,957.31       15.50        248,000       196,969        2,845
 96/09/03       21/10/01          300       298        99.58
 Y       SFR          C          2
 523600769         2531074        29615 MAC TAN ROAD
 VALLEY CENTER                           CA         92082           75,000
    74,903.23       13.25        230,000       201,354        2,424
 96/09/15       21/09/20          300       297       120.15
 Y       SFR          C          2
 523060231         2531075        31494 HEITZ LANE
 TEMECULA                                CA         92591           30,000
    29,855.78       14.50        124,060       122,654        1,839
 96/09/25       11/10/01          180       178       123.05
 Y       SFR          C          2

 
 523198090         2531077        4909 CURRIE DRIVE
 LAS VEGAS                               NV         89110           10,000
     9,858.28       14.99         84,900        80,050        1,265
 96/05/17       11/05/28          180       173       106.07
 Y       SFR          C          2
 522700587         2531078        3101 STEEL STREET
 DENVER                                  CO         80205           49,500
    49,500.00       14.25         88,000        59,302        1,197
 96/11/22       21/12/05          300       300       123.64
 Y       SFR          C          2
 522862826         2531079        2033 OAKWOOD LANE
 PUEBLO                                  CO         81005           56,350
    56,328.12       13.75         89,000        53,624        1,367
 96/10/23       21/11/01          300       299       123.57
 Y       SFR          C          2
 522881660         2531080        11048 SW GREENBURG RD
 TIGARD                                  OR         97223           24,999
    24,954.92       15.99         70,000        46,875        1,134
 96/08/21       16/09/01          240       237       102.68
 Y       COND         C          2
 522402616         2531081        1126 SAN MIGUEL AVENUE
 SPRING VALLEY                           CA         91977           40,000
    39,962.52       15.00        156,000       154,022        1,796
 96/08/15       21/09/04          300       297       124.37
 Y       SFR          C          2
 522435421         2531082        46 DEWBERRY
 RANCHO SANTA MARGARITA                  CA         92688           33,000
    32,730.77       14.99        180,000       175,648        2,863
 96/02/02       16/02/14          240       230       115.92
 Y       SFR          C          2
 522462943         2531083        1288 DORIC DRIVE
 LAFAYETTE                               CO         80026           18,000
    17,962.19       14.75        155,000       141,341        1,692
 96/07/31       16/09/26          240       237       102.80
 Y       SFR          C          2
 522236506         2531084        6526 COORS STREET
 ARVADA                                  CO         80004           24,500
    24,461.15       14.75        103,000        97,780        1,685
 96/09/25       11/10/18          180       178       118.72
 Y       SFR          C          2
 522238658         2531085        7921 XAVIER STREET
 WESTMINISTER                            CO         80030           28,000
    27,966.66       14.25         92,500        65,686        1,476
 96/08/16       21/09/04          300       297       101.28
 Y       SFR          C          2
 522292521         2531086        4820 WYANDOT STREET
 DENVER                                  CO         80221           16,500
    16,391.76       14.25         85,000        79,664          906
 96/07/17       11/08/16          180       176       113.13
 Y       SFR          C          2
 522152719         2531087        1980 EAST 81ST PLACE
 DENVER                                  CO         80229           55,800
    55,619.31       13.75         95,000        56,180        1,205
 96/08/12       16/08/27          240       236       117.87
 Y       SFR          C          2
 522157691         2531088        3052 SOUTH ZURICH COUR
 DENVER                                  CO         80236           37,000
    36,935.64       13.25        113,000        92,961        1,198
 96/10/03       16/11/01          240       239       115.01
 Y       SFR          C          2
 522230373         2531089        33015 ROMERO DRIVE
 TEMECULA                                CA         92592           47,500
    47,481.55       13.75        130,500       115,616        1,879
 96/10/22       21/11/15          300       299       124.99
 Y       SFR          C          2
 522028225         2531090        16221 ARENA PLACE
 RAMONA                                  CA         92065           27,500
    27,291.52       14.75        170,000       133,205        1,917
 96/08/05       11/09/06          180       177        94.53
 Y       SFR          C          2

 
 522131673         2531091        4450 SOUTH DE FRAME ST
 MORRISON                                CO         80465           49,000
    48,942.24       13.75        126,300       108,450        1,722
 96/09/13       21/09/26          300       297       124.66
 Y       SFR          C          2
 522137564         2531092        12824 EAST 2ND AVENUE
 AURORA                                  CO         80011           45,000
    44,967.93       14.25        133,000       120,884        1,401
 96/09/25       21/10/11          300       298       124.72
 Y       SFR          C          2
 521949218         2531093        18310 88TH AVENUE WEST
 EDMONDS                                 WA         98026           70,000
    69,907.87       14.75        170,000       119,000        2,112
 96/07/21       21/08/19          300       296       111.18
 Y       SFR          C          2
 521985311         2531094        2820 RICHMOND DRIVE
 COLORADO SPRINGS                        CO         80922           50,000
    49,980.58       13.75        142,000       113,508        1,793
 96/10/26       21/11/13          300       299       115.15
 Y       SFR          C          2
 521987033         2531095        10167 LYNX LANE
 LITTLETON                               CO         80125           18,000
    17,987.10       14.50        145,000       103,092        1,637
 96/11/07       16/11/20          240       239        83.51
 Y       SFR          C          2
 521888997         2531096        1626 ZINNIA CIRCLE
 LAFAYETTE                               CO         80026           59,000
    58,782.35       14.75        243,600       206,573        2,944
 96/10/15       06/11/06          120       119       109.02
 Y       SFR          C          2
 521905986         2531097        1318 PALOMAR PLACE #1
 VISTA                                   CA         92084           30,000
    29,966.16       13.99        122,000        87,918        1,810
 96/09/17       21/09/24          300       297        96.65
 Y       SFR          C          2
 521906058         2531098        43 FOX STREET
 DENVER                                  CO         80223           23,800
    23,733.82       13.75         89,000        36,853          965
 96/08/15       16/09/01          240       237        68.15
 Y       SFR          C          2
 521707794         2531099        32 COLORIDO
 RANCHO SANTA MARGARITA                  CA         92688           70,000
    69,847.67       14.50        195,000       170,000        3,148
 96/08/15       16/09/04          240       237       123.08
 Y       SFR          C          2
 521787427         2531100        1341 VIA DEL CARMEL
 SANTA MARIA                             CA         93455           21,000
    20,855.45       13.75        160,000       161,000        1,276
 96/07/23       11/08/01          180       176       113.75
 Y       SFR          C          2
 521862915         2531101        2470 MANZANA WAY
 SAN DIEGO                               CA         92139           23,800
    23,758.74       14.50        144,000       138,923        1,523
 96/06/17       21/07/16          300       295       113.00
 Y       SFR          C          2
 521515905         2531102        8461 YORK STREET
 DENVER                                  CO         80229           29,950
    29,831.54       13.99         90,000        73,425        1,001
 96/06/22       16/07/12          240       235       114.86
 Y       SFR          C          2
 521583752         2531103        1965 CARMEL COURT
 GROVER BEACH                            CA         93433           26,200
    26,177.58       13.25        150,000       117,042        2,204
 96/09/13       21/10/11          300       298        95.49
 Y       SFR          C          2
 521687582         2531104        8555 CAYUGA DRIVE
 VENTURA                                 CA         93004           25,000
    24,943.67       14.25        135,500       119,339        1,787
 96/08/24       16/09/04          240       237       106.52
 Y       COND         C          2

 
 521318516         2531105        8043 DECATUR STREET
 WESTMINSTER                             CO         80030           35,000
    34,589.72       13.99        130,000       112,838        1,663
 96/08/07       06/09/16          120       117       113.72
 Y       SFR          C          2
 521337627         2531106        12246 GRAPE STREET
 THORNTON                                CO         80241           23,850
    23,776.41       14.75        115,000       113,929        1,202
 96/09/18       11/10/04          180       178       119.81
 Y       SFR          C          2
 521357545         2531107        121 ANNIVERSARY LANE
 LONGMONT                                CO         80501           30,000
    29,982.23       15.25        111,000        98,089        1,446
 96/10/03       21/11/01          300       299       115.40
 Y       SFR          C          2
 521233900         2531108        4067 S. BOSTON STREET
 DENVER                                  CO         80237           24,999
    24,935.81       16.75         95,000        91,800        1,455
 96/08/06       11/10/01          180       178       122.95
 Y       COND         C          2
 521240635         2531109        2741 NORWOOD AVENUE
 SACRAMENTO                              CA         95815           19,000
    18,991.91       13.25         95,000        71,132        1,030
 96/10/16       21/11/04          300       299        94.88
 Y       SFR          C          2
 521253523         2531110        1780 EVELYN COURT
 DENVER                                  CO         80229           30,000
    29,970.57       14.75        101,000        93,850        2,033
 96/08/22       21/09/01          300       297       122.62
 Y       SFR          C          2
 521136619         2531111        4243 ZUNI STREET
 DENVER                                  CO         80211           18,000
    17,648.81       14.25         70,000        58,854          746
 96/07/16       11/08/20          180       176       109.79
 Y       SFR          C          2
 521170135         2531112        537 NORTHEAST 29TH AVE
 PORTLAND                                OR         97232           23,900
    23,883.72       14.50        160,000       133,581        1,736
 96/10/17       21/10/23          300       298        98.43
 Y       SFR          C          2
 521171254         2531113        6810 IRVINE STREET
 DENVER                                  CO         80221           22,350
    22,314.00       14.25         70,000        61,084          852
 96/11/06       11/11/05          180       179       119.19
 Y       SFR          C          2
 521067368         2531114        5850 SANCHEZ DRIVE
 COLORADO SPRINGS                        CO         80918           66,000
    65,902.11       13.75        145,000       111,540        1,797
 96/09/07       21/09/27          300       297       122.44
 Y       SFR          C          2
 521067637         2531115        8 PASTORA
 FOOTHIL RANCH                           CA         92610           75,000
    74,881.48       13.75        230,299       183,783        3,503
 96/07/27       21/08/15          300       296       112.37
 Y       SFR          C          2
 521134972         2531116        1080 N. WHITMAN AVENUE
 CLAREMONT                               CA         91711           25,000
    24,660.82       14.99        189,000       170,673        2,133
 96/06/13       11/06/20          180       174       103.53
 Y       SFR          C          2
 520905564         2531117        21121 UNION STREET
 WILDOMAR                                CA         92595           25,000
    24,828.98       15.49        107,000       104,801        1,431
 96/04/26       16/05/02          240       233       121.31
 Y       SFR          C          2
 520924618         2531118        5154 EAST 126TH COURT
 THORNTON                                CO         80241           20,706
    20,477.46       15.00        119,000       103,000          814
 96/09/12       06/09/27          120       117       103.95
 Y       SFR          C          2

 
 520940193         2531119        4312 TRUMBULL DRIVE
 BAKERSFIELD                             CA         93311           18,750
    18,653.75       13.75         75,000        74,489        1,369
 96/10/03       11/10/09          180       178       124.32
 Y       SFR          C          2
 520683876         2531120        3090 MORNINGSIDE DRIVE
 THOUSAND OAKS                           CA         91362           50,000
    49,843.57       14.00        250,000       182,195        3,875
 96/08/02       16/08/20          240       236        92.88
 Y       SFR          C          2
 520688599         2531121        114 GARLAND STREET
 KALISPELL                               MT         59901           65,000
    64,774.62       13.25        120,000        77,657        2,074
 96/08/09       16/08/23          240       236       118.88
 Y       SFR          C          2
 520782554         2531122        17792 E. BETHANY DRIVE
 AURORA                                  CO         80013           14,800
    14,752.07       13.75         86,000        70,304        1,422
 96/07/03       16/08/01          240       236        98.96
 Y       SFR          C          2
 520544227         2531123        442 TIGER LILY WAY
 HENDERSON                               NV         89015           39,265
    38,987.50       14.99        110,000        89,942        1,549
 96/07/17       16/08/01          240       236       117.46
 Y       SFR          C          2
 520647851         2531124        6461 GRAPE STREET
 COMMERCE CITY                           CO         80022           20,000
    19,904.53       14.50         80,000        79,464        1,606
 96/08/22       11/09/01          180       177       124.33
 Y       SFR          C          2
 520664593         2531125        45-548 ELM STREET
 INDIO                                   CA         92201           24,999
    24,876.72       14.25        105,000        96,666        1,249
 96/08/15       11/09/01          180       177       115.87
 Y       SFR          C          2
 520428124         2531126        241 MARYAL DRIVE
 SALINAS                                 CA         93906           35,500
    35,480.85       15.75        179,470       188,191        2,223
 96/09/17       21/10/01          300       298       124.64
 Y       SFR          C          2
 520503287         2531127        1626 S. BOULDER AVENUE
 ONTARIO                                 CA         91762           60,000
    58,959.14       13.75        145,000       120,678        1,636
 96/08/08       21/08/28          300       296       124.61
 Y       SFR          C          2
 519940357         2531128        1436 WEST WASHINGTON S
 MERIDIAN                                ID         83642           17,000
    16,957.31       13.75         95,000        75,353        1,065
 96/08/07       21/08/22          300       296        97.21
 Y       SFR          C          2
 519946557         2531129        2519 NORTH ARCHERY WAY
 MERIDIAN                                ID         83642           50,500
    50,415.48       13.75        126,000        96,625        1,462
 96/08/07       21/08/19          300       296       116.77
 Y       SFR          C          2
 519981970         2531130        519 EAST ANNIE AVENUE
 COEUR D'ALENE                           ID         83814           19,000
    18,713.50       14.25         98,000        72,415        1,279
 96/08/22       06/09/25          120       117        93.28
 Y       SFR          C          2
 519802506         2531131        2313 SUPERIOR POSITION
 NORTH LAS VEGAS                         NV         89030           25,000
    24,858.43       15.75        100,000        89,427        1,027
 96/07/26       11/08/01          180       176       114.43
 Y       SFR          C          2
 519901593         2531132        743 SCOTTSDALE STREET
 HENDERSON                               NV         89015           33,000
    32,714.41       13.75        122,000       110,486        1,897
 96/06/25       11/07/15          180       175       117.61
 Y       SFR          C          2

 
 519703842         2531133        1800 HEATHER LANE
 IDAHO FALLS                             ID         83406           41,000
    40,910.78       14.50        113,000        95,317        1,316
 96/08/10       16/09/05          240       237       120.63
 Y       SFR          C          2
 519801075         2531135        131 MEYER AVENUE
 NAMPA                                   ID         83686           23,500
    23,472.30       13.75         85,000        76,431          942
 96/08/15       21/08/26          300       296       117.57
 Y       SFR          C          2
 519283046         2531136        2674 RIDGECREST
 NORCO                                   CA         91760           14,000
    13,746.19       14.99        110,000        95,831          981
 96/04/26       11/05/10          180       173        99.85
 Y       SFR          C          2
 519540131         2531137        5639 MEADOW PARK WAY
 SACRAMENTO                              CA         95823           75,000
    74,948.85       14.49        150,000       101,661        2,383
 96/10/15       21/10/25          300       298       117.77
 Y       SFR          C          2
 519569106         2531138        1155 EAST BORZOI STREE
 MERIDIAN                                ID         83642           42,500
    42,292.16       14.25        154,000       149,161        2,263
 96/08/23       11/09/11          180       177       124.46
 Y       SFR          C          2
 518942312         2531139        9859 BILTEER DRIVE
 SANTEE                                  CA         92071           38,000
    37,947.69       15.75        152,000       151,708        2,194
 96/06/25       21/06/28          300       294       124.81
 Y       SFR          C          2
 518946347         2531140        1808 SOUTHEAST 127TH A
 VANCOUVER                               WA         98683           37,000
    36,925.97       13.75        155,000       147,000        2,320
 96/07/19       21/07/24          300       295       118.71
 Y       SFR          C          2
 518963877         2531141        1933 SYRINGA DRIVE
 COEUR D'ALENE                           ID         83814           17,500
    17,475.04       15.50         95,000        85,578          941
 96/10/10       11/11/01          180       179       108.50
 Y       SFR          C          2
 518867048         2531142        4385 CLOVERDALE STREET
 MOORPARK                                CA         93021           50,000
    49,848.33       14.25        221,000       214,136        3,200
 96/07/24       16/08/01          240       236       119.52
 Y       SFR          C          2
 518927705         2531143        186 NORTH 695 WEST
 BLACKFOOT                               ID         83221           50,000
    49,755.50       14.25         86,500        57,574        1,554
 96/09/10       11/09/27          180       177       124.36
 Y       SFR          C          2
 518928081         2531144        1648 4TH AVENUE
 OLIVEHURST                              CA         95961           42,000
    41,905.38       14.25         85,000        44,738        1,000
 96/09/05       16/10/01          240       238       102.04
 Y       SFR          C          2
 518826620         2531145        26977 MARGARET LANE
 CALDWELL                                ID         83605           24,990
    24,773.20       14.25         95,000        86,968          857
 96/08/01       21/08/15          300       296       117.85
 Y       SFR          C          2
 5188670071        2531146        1416 ROCKHAVEN PLACE
 MANTECA                                 CA         95336           23,000
    22,912.58       14.25        139,000       126,010        1,996
 96/06/27       16/07/09          240       235       107.20
 Y       SFR          C          2
 518703610         2531147        431 DOULTON COURT
 PLEASANT HILL                           CA         94523           40,000
    39,822.45       14.49        202,000       168,029          983
 96/04/30       16/05/06          240       233       102.98
 Y       SFR          C          2

 
 518724801         2531148        2921 JUNIPER STREET
 NAMPA                                   ID         83686           17,000
    16,993.39       13.75         94,280        93,814        1,324
 96/11/07       21/11/14          300       299       117.54
 Y       SFR          C          2
 518786066         2531149        24204 SOUTHEAST OAK ST
 GRESHAM                                 OR         97030           38,000
    37,962.71       14.75        123,528       116,406        1,454
 96/09/16       21/09/25          300       297       125.00
 Y       SFR          C          2
 518560052         2531150        710-120 WILLOW STREET
 SUSANVILLE                              CA         96130           42,000
    41,759.17       14.75         85,000        62,195        2,142
 96/07/12       11/09/12          180       177       122.58
 Y       SFR          C          2
 518565234         2531151        185 SOUTHWEST 11TH AVE
 CANBY                                   OR         97013           16,000
    15,993.08       16.99        180,000       150,400        1,557
 96/10/07       21/10/11          300       298        92.44
 Y       SFR          C          2
 518641828         2531152        2856 MASTERS DRIVE
 COEUR D'ALENE                           ID         83814           37,000
    36,910.66       13.75        136,500       133,000        1,798
 96/08/22       16/09/18          240       237       124.54
 Y       SFR          C          2
 518504079         2531153        2595 CHRISTINE AVENUE
 BOISE                                   ID         83704           12,000
    11,991.43       14.25         65,000        64,987          720
 96/09/05       21/09/19          300       297       118.44
 Y       SFR          C          2
 518507399         2531154        3101 54TH AVENUE NORTH
 TACOMA                                  WA         98422           45,000
    44,894.88       13.99        121,000       105,440        1,819
 96/09/10       16/09/17          240       237       124.33
 Y       SFR          C          2
 518546589         2531155        1286 WEST 600 SOUTH
 PINGREE                                 ID         83262           25,000
    24,800.27       14.99        127,000        75,785        1,486
 96/09/05       06/10/04          120       118        79.36
 Y       SFR          C          2
 518449194         2531156        4274 WISTERIA WAY
 BOISE                                   ID         83713           21,600
    21,429.75       13.75        118,000        89,313        1,308
 96/09/25       06/10/09          120       118        93.99
 Y       SFR          C          2
 518486304         2531157        12525 EISENHOWER COURT
 CHINO                                   CA         91710           44,000
    43,943.23       13.25        145,000       135,691        2,037
 96/08/12       21/09/01          300       297       123.92
 Y       SFR          C          2
 518500885         2531158        6098 ORANGE AVENUE
 CYPRESS                                 CA         90630           41,800
    41,733.10       13.75        147,750       105,937        1,788
 96/10/01       16/10/16          240       238        99.99
 Y       COND         C          2
 518175808         2531159        445 TABOR AVENUE
 IDAHO FALLS                             ID         83401           15,000
    14,967.36       14.50         38,000        29,785          882
 96/08/16       16/09/06          240       237       117.86
 Y       SFR          C          2
 518235259         2531160        ROUTE 1 BOX 1094A
 HOMEDALE                                ID         83628           29,950
    29,926.17       13.75         71,000        56,107        1,475
 96/10/21       16/11/13          240       239       121.21
 Y       SFR          C          2
 518343142         2531161        2398 EAST 4500 SOUTH
 SALT LAKE CITY                          UT         84117           55,000
    54,952.94       13.25        132,900        96,969        1,544
 96/10/02       21/10/23          300       298       114.35
 Y       SFR          C          2

 
 517988537         2531162        2601 SUNFLOWER DRIVE
 NAMPA                                   ID         83686           18,700
    18,692.73       13.75         97,000        88,160        1,499
 96/11/01       21/11/20          300       299       110.16
 Y       SFR          C          2
 518028992         2531163        417 WEST 8TH AVENUE
 KENNEWICK                               WA         99336           48,670
    48,585.22       13.75         83,000        55,076        1,178
 96/09/16       21/09/25          300       297       125.00
 Y       SFR          C          2
 518138332         2531164        425 EAST 24TH STREET
 IDAHO FALLS                             ID         83404           13,500
    13,500.00       13.25         55,000        47,849          795
 96/10/30       11/11/27          180       180       111.54
 Y       SFR          C          2
 517922271         2531165        4493 NORTH BUCKBOARD P
 BOISE                                   ID         83704           39,950
    39,866.11       13.25        180,000       149,000        1,892
 96/10/29       11/11/18          180       179       104.97
 Y       SFR          C          2
 517940177         2531166        925 N. COLLEGE AVENUE
 TEMPE                                   AZ         85281           15,001
    14,872.49       13.99         80,000        66,388        1,010
 96/08/02       16/08/09          240       236       101.74
 Y       SFR          C          2
 517963528         2531167        14212 EAST HAWAII CIRC
 AURORA                                  CO         80012           16,500
    16,408.49       13.75         63,000        61,121        1,042
 96/08/13       16/08/26          240       236       123.21
 Y       SFR          C          2
 517626312         2531168        704 FERNWOOD LANE
 LAS VEGAS                               NV         89109           25,750
    25,662.38       13.75        105,000        73,938        1,092
 96/09/30       11/10/15          180       178        94.94
 Y       SFR          C          2
 517784076         2531169        11978 BRIARLEAF WAY
 SAN DIEGO                               CA         92128           67,000
    66,772.04       13.75        240,000       225,431        3,472
 96/08/30       11/10/25          180       178       121.85
 Y       SFR          C          2
 517886373         2531170        409 BELL AVENUE
 HENDERSON                               NV         89015           25,000
    24,903.58       14.50         88,000        64,429        1,023
 96/10/01       16/10/04          240       238       101.62
 Y       SFR          C          2
 517061029         2531171        6287 ZULMIDA AVENUE
 NEWARK                                  CA         94560           45,000
    44,973.35       15.25        160,000       155,000        2,114
 96/08/28       21/10/01          300       298       125.00
 Y       SFR          C          2
 517346543         2531172        3039 CREEKWOOD DRIVE
 RENO                                    NV         89502           57,000
    56,959.38       14.25        187,000       173,110        2,471
 96/09/12       21/10/02          300       298       123.05
 Y       SFR          C          2
 517564117         2531173        3184 DURANT AVENUE
 SAN JOSE                                CA         95111           40,000
    39,876.70       15.75        180,000       177,916        2,525
 96/06/17       16/06/27          240       234       121.06
 Y       SFR          C          2
 516745795         2531174        21705 84TH AVENUE WEST
 EDMONDS                                 WA         98026           29,000
    28,694.88       14.99        125,000       127,045        1,709
 96/04/10       16/04/15          240       232       124.84
 Y       SFR          C          2
 516821311         2531175        2136 BIRCHER WAY
 CARMICHAEL                              CA         95608           40,000
    39,665.70       14.99        154,000       145,713        2,054
 96/05/10       16/05/24          240       233       120.59
 Y       SFR          C          2

 
 516926014         2531176        2236 LADUE DRIVE
 LAS VEGAS                               NV         89128           35,000
    34,940.79       13.75        125,000       110,479        1,938
 96/10/26       11/11/01          180       179       116.38
 Y       SFR          C          2
 516623078         2531177        568 SW SUTHERLAND WAY
 ALOHA                                   OR         97006           55,000
    54,933.98       15.25        134,000       105,400        1,250
 96/07/23       21/08/01          300       296       119.70
 Y       SFR          C          2
 516685817         2531178        1612 OLIVE PALM CIRCLE
 LAS VEGAS                               NV         89108           29,000
    28,768.14       13.51        135,000       110,385        2,300
 96/10/03       06/10/15          120       118       103.25
 Y       SFR          C          2
 516480167         2531179        17443 KRAMERIA AVE
 RIVERSIDE                               CA         92504           40,000
    39,873.24       14.49        193,000       187,691        3,029
 96/10/04       11/10/15          180       178       117.97
 Y       SFR          C          2
 516560414         2531180        812 & 814 7TH AVENUE
 GREAT FALLS                             MT         59401           25,000
    24,890.23       16.75         75,000        59,000        1,024
 96/08/13       21/08/19          300       296       112.00
 Y       SFR          C          2
 515402508         2531181        26655 VIA LA QUINTA
 HEMET                                   CA         92544           30,000
    29,977.57       13.99        158,000       154,178          972
 96/10/03       21/10/10          300       298       116.57
 Y       SFR          C          2
 515729944         2531182        14203 WOOLEN OAK COURT
 SILVER SPRING                           MD         20906           19,000
    19,000.00       16.25        115,000        94,000        1,612
 96/11/04       21/12/15          300       300        98.26
 Y       COND         C          2
 516428233         2531183        2810 WARRENTON WAY
 COLORADO                                CO         80922           39,600
    39,375.35       14.75        156,000       154,457        1,849
 96/10/25       21/11/04          300       299       124.40
 Y       SFR          C          2
 514093479         2531184        8672 MACALPINE ROAD
 GARDEN GROVE                            CA         92641           22,000
    22,000.00       13.99        150,000       140,052        1,788
 96/11/05       11/12/15          180       180       108.03
 Y       SFR          C          2
 514726907         2531185        10240 KAMWOOD COURT
 SAN DIEGO                               CA         92126           61,250
    60,850.49       13.75        173,000       154,782        2,987
 96/08/08       21/08/16          300       296       124.87
 Y       SFR          C          2
 513483036         2531186        1715 W. HONOGEGH DRIVE
 PHOENIX                                 AZ         85027           37,600
    35,145.47       14.49         85,500        69,242        1,762
 96/04/27       16/05/10          240       233       124.96
 Y       SFR          C          2
 513509581         2531187        8046 TUSCANY STREET
 FONTANA                                 CA         92336           50,000
    49,953.16       15.00        175,000       167,496        3,416
 96/09/11       21/09/25          300       297       124.28
 Y       SFR          C          2
 513542276         2531188        5425 MIRA LOMA CIRCLE
 COLORADO SPRINGS                        CO         80918           50,000
    49,964.35       14.25        128,500       110,000        1,938
 96/09/24       21/10/11          300       298       124.51
 Y       SFR          C          2
 512781082         2531189        213 BOLERORIDGE PLACE
 ESCONDIDO                               CA         92026           50,000
    49,755.50       14.25        163,219        97,648        2,943
 96/07/18       11/09/01          180       177        90.46
 Y       SFR          C          2

 
 513344812         2531190        3601 MALNER LANE
 LAS VEGAS                               NV         89130           20,000
    19,971.13       14.25        108,800       107,048        1,216
 96/07/02       21/08/06          300       296       116.77
 Y       SFR          C          2
 513366784         2531191        5734 W. JOHN COBOT ROA
 GLENDALE                                AZ         85308           37,500
    37,395.94       16.49         75,000        56,184        2,319
 96/06/14       16/06/20          240       234       124.91
 Y       SFR          C          2
 512408548         2531192        601 MORADA LANE
 STOCKTON                                CA         95210           25,000
    24,964.96       15.99        130,000        91,650        1,518
 96/10/03       21/10/15          300       298        89.73
 Y       SFR          C          2
 512482865         2531193        810 SUGAR MAPLE LANE
 CORONA                                  CA         91719           60,000
    59,900.60       13.50        190,000       177,411        3,013
 96/09/26       16/10/10          240       238       124.95
 Y       SFR          C          2
 512748895         2531194        24903 36TH AVENUE E
 SPANAWAY                                WA         98387           30,000
    29,971.84       14.99        116,500       109,857        1,325
 96/09/06       21/09/13          300       297       120.05
 Y       SFR          C          2
 509745549         2531195        1220 E. VALERIE DRIVE
 TEMPE                                   AZ         85281           24,495
    24,250.33       15.49         77,000        66,419          965
 96/04/29       11/05/07          180       173       118.07
 Y       SFR          C          2
 510847860         2531196        15466 COLEMAN AVENUE
 FORT LUPTON                             CO         80621           35,000
    34,988.16       14.50        100,000        71,880        1,030
 96/10/22       21/11/04          300       299       106.88
 Y       SFR          C          2
 511460913         2531197        7605 MALACHITE AVENUE
 RANCHO CUCAMONGA                        CA         91730           37,000
    37,000.00       13.75        137,000       134,000        2,147
 96/11/27       16/12/15          240       240       124.82
 Y       SFR          C          2
 509601144         2531198        9453 COURTNEY COURT
 STOCKTON                                CA         95210           28,120
    28,089.76       14.25         97,176        87,349        1,551
 96/08/21       21/09/05          300       297       118.82
 Y       SFR          C          2
 509606979         2531199        8563 ZINNIA WAY
 ELK GROVE                               CA         95624           34,000
    33,757.20       14.99        131,000       128,196        1,928
 96/09/06       21/09/11          300       297       123.81
 Y       SFR          C          2
 509707230         2531200        7490 SILVER LEAF WAY
 LAS VEGAS                               NV         89117           15,000
    14,853.22       14.99        135,000       111,715        1,411
 96/09/20       11/10/02          180       178        93.86
 Y       SFR          C          2
 508586505         2531201        9413 MT CASH #103
 LAS VEGAS                               NV         89129           20,000
    19,921.03       14.50        120,000       105,000        1,524
 96/10/07       11/10/07          180       178       104.17
 Y       SFR          C          2
 508709835         2531202        3529 SEA RIDGE ROAD
 OCEANSIDE                               CA         92054           27,300
    27,188.84       13.75        153,400       149,750        1,966
 96/06/07       16/06/25          240       234       115.42
 Y       SFR          C          2
 508829723         2531203        1494 CUCIZ LANE
 MILPITAS                                CA         95035           70,000
    69,712.87       13.75        281,100       253,769        3,322
 96/08/13       16/08/28          240       236       115.18
 Y       SFR          C          2

 
 507948949         2531204        7114 NORTH CAMPBELL AV
 PORTLAND                                OR         97217           20,000
    20,000.00       16.99         97,000        94,000        1,468
 96/11/05       21/11/12          300       300       117.53
 Y       SFR          C          2
 508244387         2531205        2060 BERRYLAND COURT
 LEMON GROVE                             CA         91945           44,000
    44,000.00       13.75        158,000       133,196        1,854
 96/10/05       16/12/05          240       240       112.15
 Y       SFR          C          2
 508342796         2531206        10215 CAMINITO SURABAY
 SAN DIEGO                               CA         92131           20,000
    19,964.45       12.99        190,000       167,115        1,804
 96/10/08       16/10/12          240       238        98.48
 Y       COND         C          2
 507624068         2531207        1260 ANDREY AVENUE
 CAMPBELL                                CA         95008           30,000
    29,883.40       14.99        215,000       204,094        3,094
 96/06/06       16/06/11          240       234       108.88
 Y       SFR          C          2
 507648095         2531208        8417 S. PARK AVENUE
 TACOMA                                  WA         98444           50,000
    49,967.77       15.25        124,000       105,000        2,389
 96/10/12       16/11/20          240       239       125.00
 Y       SFR          C          2
 507785897         2531209        6511 TAMPA AVENUE
 RESEDA                                  CA         91335           25,000
    24,797.20       13.75        159,000       150,254        1,432
 96/06/06       16/06/11          240       234       110.22
 Y       SFR          C          2
 506904783         2531210        31754 CORTE PADRERA
 TEMECULA                                CA         92592           75,000
    74,706.13       13.75        257,750       233,000        4,000
 96/11/05       06/11/15          120       119       119.50
 Y       SFR          C          2
 506906145         2531211        2000 BUCKEYE REEF
 HENDERSON                               NV         89015           30,000
    29,956.68       14.49        135,900       128,922        1,632
 96/10/03       16/10/07          240       238       116.94
 Y       SFR          C          2
 506166136         2531212        1601 AILANTHUS DRIVE
 HEMET                                   CA         92545           15,000
    14,913.12       12.49        125,000        49,724        1,308
 96/08/27       11/09/04          180       177        51.78
 Y       MHN          C          2
 506608533         2531213        819 DIAMOND DRIVE
 GAITHERSBURG                            MD         20878           75,000
    74,968.08       17.00        219,000       185,985        1,078
 96/08/30       21/10/01          300       298       119.17
 Y       SFR          C          2
 506903450         2531214        2391 SEVENTH STREET
 ATWATER                                 CA         95301           25,000
    24,822.20       14.25        122,000       120,919        1,410
 96/06/28       11/08/01          180       176       119.61
 Y       SFR          C          2
 505528518         2531215        4907 WILLOWBROOK DRIVE
 SACRAMENTO                              CA         95842           50,000
    50,000.00       13.75        190,000       174,227        2,106
 96/12/02       06/12/18          120       120       118.01
 Y       SFR          C          2
 505683374         2531216        2509 CONNIE AVENUE
 BAKERSFIELD                             CA         93304           25,000
    24,963.90       14.49         75,000        67,518          966
 96/10/10       16/10/18          240       238       123.36
 Y       SFR          C          1
 506028195         2531217        318 EDGEHILL LANE
 OCEANSIDE                               CA         92054           30,000
    29,924.04       14.49        118,000       107,100        1,327
 96/08/29       21/09/11          300       297       116.19
 Y       SFR          C          2

 
 503842758         2531218        4802 SE BROOKLYN STREE
 PORTLAND                                OR         97206           29,000
    28,968.81       14.25        111,000       108,650        1,530
 96/08/30       21/09/24          300       297       124.01
 Y       SFR          C          2
 504543673         2531219        852 RANGE WAY
 GALT                                    CA         95632           31,000
    30,973.50       15.49        118,500        92,332        1,257
 96/09/09       21/09/12          300       297       104.08
 Y       SFR          C          2
 505325596         2531220        4462 SAPPHIRE LANE
 OCEANSIDE                               CA         92056           30,000
    29,919.85       14.75        160,000       125,859        1,440
 96/06/18       21/07/05          300       295        97.41
 Y       SFR          C          2
 501887212         2531221        4311 EAST GLENNAIRE DR
 SPOKANE                                 WA         99223           63,477
    63,343.61       14.75        152,000       123,000        1,865
 96/09/08       16/09/25          240       237       122.68
 Y       SFR          C          2
 503276719         2531222        8264 BROOKGREEN ROAD
 DOWNEY                                  CA         90240           38,000
    37,930.64       15.75        165,000       152,869        2,475
 96/08/20       16/09/10          240       237       115.68
 Y       SFR          C          2
 503642679         2531223        11006 ROCK CANYON COUR
 SAN DIEGO                               CA         92126           75,000
    74,627.21       14.75        212,000       186,392        3,122
 96/08/14       16/08/22          240       236       123.30
 Y       SFR          C          2
 501764664         2531224        2164 HACKBERRY CIRCLE
 LONGMONT                                CO         80501           40,000
    39,813.73       14.75        125,000       112,000        2,158
 96/08/30       11/10/03          180       178       121.60
 Y       SFR          C          2
 501782308         2531225        2922 S. COTTONWOOD STR
 MESA                                    AZ         85202           50,000
    49,684.31       14.99        116,000        84,161        1,793
 96/08/21       11/08/28          180       176       115.66
 Y       SFR          C          2
 500845117         2531226        26891 EAGLE RUN STREET
 CORONA                                  CA         91719           27,500
    27,432.29       14.50        135,000       124,933        1,986
 96/10/14       11/11/01          180       179       112.91
 Y       SFR          C          2
 501725758         2531227        2001 FLORIDA AVENUE SO
 ST. LOUIS PARK                          MN         55426           25,000
    25,000.00       14.50        139,000        88,297        2,148
 96/11/12       01/12/15           60        60        81.51
 Y       SFR          C          2
 498722952         2531228        1019 N. RAMPART BOULEV
 LOS ANGELES                             CA         90026           75,000
    74,816.33       15.75        183,000       152,027        1,986
 96/06/26       16/08/16          240       236       124.06
 Y       SFR          C          2
 498826666         2531229        12612 NORTHEAST 20TH S
 VANCOUVER                               WA         98684           34,000
    34,000.00       15.49        115,000       101,642        1,907
 96/10/11       21/10/23          300       300       117.95
 Y       SFR          C          2
 499762310         2531230        45128 BEVINGTON AVENUE
 LANCASTER                               CA         93534           29,500
    29,449.42       13.25        129,906       111,705        1,868
 96/09/28       16/10/21          240       238       108.70
 Y       SFR          C          2
 498422382         2531231        13054 BROKEN BIT CIRCL
 CORONA                                  CA         91719           26,000
    25,979.31       13.75        150,000       142,098        1,705
 96/11/02       16/11/15          240       239       112.07
 Y       SFR          C          2

 
 498580930         2531232        1220 REBECCA DRIVE
 SUISUN CITY                             CA         94585           50,000
    49,962.62       13.99        153,000       135,000        1,928
 96/10/03       21/10/11          300       298       120.92
 Y       SFR          C          2
 498585983         2531233        453 ALGONQUIN DR.
 SIMI VALLEY                             CA         93065           20,000
    19,987.58       15.00        190,000       176,694          765
 96/09/24       21/10/09          300       298       103.52
 Y       SFR          C          2
 494506002         2531234        12180 FENIMORE DRIVE
 MORENO VALLEY                           CA         92555           53,250
    53,155.44       13.25        166,000       154,213        2,452
 96/10/18       11/11/15          180       179       124.98
 Y       SFR          C          2
 4955819411        2531235        8371 GABRIEL DRIVE #C
 RANCHO CUCAMONGA                        CA         91730           25,000
    25,000.00       13.25        120,000       118,670        2,859
 96/12/02       11/12/15          180       180       119.73
 Y       SFR          C          2
 497441716         2531236        1613 BARREL CACTUS
 LAS VEGAS                               NV         89108           13,785
    13,728.83       16.50         90,000        77,607          954
 96/08/19       21/07/22          300       295       101.55
 Y       SFR          C          2
 493469607         2531237        6626 LAKE STREET
 RIVERSIDE                               CA         92503           25,000
    24,939.61       13.75         80,500        72,858          845
 96/09/18       16/10/04          240       238       121.56
 Y       SFR          C          2
 493722706         2531238        1549 N. CAROLINA AVENU
 WASHINGTON                              DC         20002           13,000
    12,902.21       16.25         91,000        89,919          788
 96/07/19       16/08/09          240       236       113.10
 Y       SFR          C          2
 494504926         2531239        28030 BENA COURT
 SAUGUS                                  CA         91350           75,000
    74,683.54       15.75        305,000       259,306        4,206
 96/08/20       11/09/03          180       177       109.61
 Y       SFR          C          2
 492603801         2531240        15644 S. 43RD PLACE
 PHOENIX                                 AZ         85044           23,000
    22,946.26       13.99        125,000       108,832        1,485
 96/09/06       16/09/12          240       237       105.47
 Y       SFR          C          2
 492744574         2531241        142 GRIST STONE WAY
 OWINGS MILLS                            MD         21117           30,500
    30,380.59       16.50        182,500       161,748        1,909
 96/09/18       11/09/23          180       177       105.34
 Y       SFR          C          2
 492840163         2531242        156 S. GOLFVIEW DRIVE
 PUEBLO WEST                             CO         81007           43,000
    42,968.09       14.25        140,000       131,793        2,838
 96/10/10       16/10/21          240       238       124.85
 Y       SFR          C          2
 487448916         2531243        2766 LEAR DRIVE
 COLORADO SPRINGS                        CO         80920           25,000
    24,896.50       14.99        167,000       179,147        2,175
 96/06/05       16/06/20          240       234       122.24
 Y       SFR          C          2
 488824629         2531244        813 DUNLORING CT
 UPPER MARLBORO                          MD         20772           29,650
    29,597.77       16.00        120,000       116,952        1,556
 96/08/23       16/09/01          240       237       122.17
 Y       SFR          C          2
 489588731         2531245        1402 B SANTA MARGARET
 LAS VEGAS                               NV         89102           25,000
    24,949.88       15.25         85,000        54,360          919
 96/07/29       21/08/02          300       296        93.36
 Y       SFR          C          2

 
 485707830         2531246        629 FENTON STREET
 SAN JOSE                                CA         95127           40,000
    35,984.11       14.99        169,000       166,002        2,687
 96/05/08       16/05/24          240       233       121.89
 Y       SFR          C          2
 485767209         2531247        10672 BRAVERMAN DRIVE
 SANTEE                                  CA         92071           50,000
    49,966.61       15.00        187,740       175,050        3,206
 96/10/03       16/11/01          240       239       119.87
 Y       SFR          C          2
 486787328         2531248        1822 NORTH VINEYARD AV
 ONTARIO                                 CA         91764           25,000
    24,920.39       15.25         80,000        70,790        1,192
 96/07/20       16/08/16          240       236       119.74
 Y       SFR          C          2
 484589733         2531249        17314 431ST AVENUE S.E
 NORTH BEND                              WA         98045           75,000
    74,896.62       14.50        155,000       102,541        1,894
 96/07/28       21/08/16          300       296       114.54
 Y       SFR          C          2
 484766598         2531250        3545 WEST FEDORA AVENU
 FRESNO                                  CA         93722           23,900
    23,750.67       14.75         96,000        95,799        2,081
 96/08/06       11/08/28          180       176       124.69
 Y       SFR          C          2
 485528349         2531251        6768 TIARA AVENUE
 HIGHLAND                                CA         92346           40,000
    39,780.48       14.99        160,558       150,651        2,047
 96/05/15       16/06/01          240       234       118.74
 Y       SFR          C          2
 483306339         2531252        625 PENNSYLVANIA STREE
 DENVER                                  CO         80203           23,500
    23,447.07       14.25         40,000        16,102        1,032
 96/09/12       16/09/27          240       237        99.01
 Y       SFR          C          2
 483802124         2531253        3674 AVOCADO VILLAGE C
 LA MESA                                 CA         91941           20,000
    19,903.05       14.75        102,000        76,639          610
 96/06/27       16/07/15          240       235        94.74
 Y       COND         C          2
 483803838         2531254        1319 MOUNT EVANS DRIVE
 LONGMONT                                CO         80501           25,000
    24,880.18       15.25        119,000       112,000        1,325
 96/10/03       11/10/23          180       178       115.13
 Y       SFR          C          2
 482921313         2531255        8614 15TH STREET NORTH
 EVERETT                                 WA         98205           27,800
    27,760.65       14.99        146,000       145,950        1,020
 96/07/30       21/08/15          300       296       119.01
 Y       SFR          C          2
 483027311         2531256        6950 EL SOL AVENUE
 TWENTYNINE PALMS                        CA         92277           18,850
    18,844.19       15.00         82,150        83,793        1,056
 96/11/09       21/11/15          300       299       124.95
 Y       SFR          C          2
 482720443         2531257        904 E. HIGH STREET
 COLORADO SPRINGS                        CO         80903           30,000
    29,846.00       13.75         53,000        35,904          320
 96/08/23       11/09/04          180       177       124.35
 Y       SFR          C          2
 482888488         2531258        30 GOLDEN RAIN
 ALISO VIEJO                             CA         92656           70,000
    69,956.45       15.50        235,000       212,004        3,648
 96/09/23       16/10/18          240       238       120.00
 Y       SFR          C          2
 482900252         2531259        18273 HAVEN STREET
 HAYWARD                                 CA         94541           25,000
    24,959.99       13.75        164,000       143,000        2,432
 96/09/10       16/10/01          240       238       102.45
 Y       SFR          C          2

 
 481541075         2531260        13639 S. 41ST PLACE
 PHOENIX                                 AZ         85044           25,000
    24,908.09       14.49         95,000        73,114        1,330
 96/05/30       16/06/05          240       234       103.28
 Y       SFR          C          2
 481560080         2531261        1337 CANOE CREEK DRIVE
 COLORADO SPRINGS                        CO         80906           28,050
    27,999.72       13.25        120,000        99,231        1,234
 96/11/08       11/11/25          180       179       106.07
 Y       SFR          C          2
 481703799         2531262        4636 VICTORIA BEACH WA
 LAS VEGAS                               NV         89130           35,000
    34,662.84       12.99        122,000       114,337        1,985
 96/06/21       16/06/28          240       234       122.41
 Y       SFR          C          2
 480046395         2531263        43465 CORTE LOGRONO
 TEMECULA                                CA         92592           25,000
    24,580.10       14.25        118,000       115,352        1,477
 96/08/02       16/08/13          240       236       118.94
 Y       SFR          C          2
 480367983         2531264        4624 SPITFIRE STREET
 LAS VEGAS                               NV         89115           17,000
    16,763.43       15.99        100,000        92,169        1,822
 96/08/01       06/08/06          120       116       109.17
 Y       SFR          C          2
 481443738         2531265        14242 DITTMAR DRIVE
 WHITTIER                                CA         90605           34,750
    34,709.03       13.75        163,000       151,703        1,985
 96/08/20       21/09/11          300       297       114.39
 Y       SFR          C          2
 478764348         2531266        4060 ZURICH DRIVE
 COLORADO SPRINGS                        CO         80920           45,300
    45,082.48       13.75        160,000       154,449        1,657
 96/08/26       16/09/06          240       237       124.84
 Y       SFR          C          2
 478842792         2531267        11701 WEST DANIEL DRIV
 BOISE                                   ID         83713           39,500
    39,500.00       13.25        157,000       141,000          552
 96/12/04       11/12/16          180       180       114.97
 Y       SFR          C          2
 479889715         2531268        278 WEST 68TH STREET
 LONG BEACH                              CA         90805           25,000
    24,984.47       14.99        145,000       135,083        2,313
 96/10/07       21/10/15          300       298       110.40
 Y       SFR          C          2
 477488330         2531269        24886 EATON LANE
 LAGUNA NIGUEL                           CA         92677           55,500
    55,428.39       13.25        269,000       280,558        4,213
 96/09/11       21/10/01          300       298       124.93
 Y       SFR          C          2
 477505587         2531270        30 CASTLETREE
 LAS FLORES                              CA         92688           46,500
    46,425.10       14.25        296,000       268,612        4,017
 96/11/20       11/11/27          180       179       106.46
 Y       SFR          C          2
 478644138         2531271        3290 EAST FOX RUN WAY
 SAN DIEGO                               CA         92111           18,000
    17,974.93       14.75        173,776       195,597        1,948
 96/09/03       16/09/15          240       237       122.92
 Y       SFR          C          2
 475744506         2531272        3702 VIA DE LA BANDOLA
 SAN YSIDRO                              CA         92173           37,000
    36,608.79       15.25        135,000       126,335        3,131
 96/07/26       16/08/01          240       236       120.99
 Y       SFR          C          2
 476481476         2531273        15217 SOUTH EAST BEVIN
 PORTLAND                                OR         97267           42,000
    41,967.19       13.75        168,000       154,000        1,835
 96/09/23       21/10/01          300       298       116.67
 Y       SFR          C          2

 
 476504479         2531274        28373 KLONDIKE DRIVE
 TRABUCO CANYON                          CA         92679           26,000
    25,979.68       13.75        141,000       114,075        1,878
 96/10/03       21/10/15          300       298        99.34
 Y       COND         C          2
 474864186         2531275        2600 SOUTH HIGHLAND BL
 WEST RICHLAND                           WA         99353           23,000
    22,765.39       14.99        135,000       129,000        1,494
 96/07/25       21/08/01          300       296       112.59
 Y       SFR          C          2
 475449343         2531276        413 EAST ROLLY STREET
 HENDERSON                               NV         89015           44,890
    44,890.00       14.00         89,000        66,354        1,497
 96/10/31       21/12/20          300       300       124.99
 Y       SFR          C          2
 474748008         2531277        838 EAST VISTA DEL GAV
 ORANGE                                  CA         92665           23,000
    22,955.85       14.25        192,000       183,266        1,526
 96/10/08       16/10/15          240       238       107.43
 Y       SFR          C          2
 474807692         2531278        5612 TIMMERMAN WAY
 CITRUS HEIGHTS                          CA         95621           41,500
    41,457.28       14.49        130,000       120,989        2,111
 96/09/13       21/09/18          300       297       124.99
 Y       SFR          C          2
 473601037         2531279        2318 LOGAN AVENUE NORT
 MINNEAPOLIS                             MN         55418           10,000
     9,944.77       12.99         50,600        43,599          814
 96/07/08       11/08/06          180       176       105.93
 Y       SFR          C          2
 473728418         2531280        5828 MEADOW DALE DRIVE
 NORTH LAS VEGAS                         NV         89031           18,000
    17,964.41       12.50        115,000       111,155        1,401
 96/08/07       21/08/12          300       296       112.31
 Y       SFR          C          2
 474567427         2531281        24326 DEL AMO ROAD
 RAMONA                                  CA         92065           40,000
    39,953.27       15.99        165,000       138,161        3,040
 96/09/25       16/10/08          240       238       107.98
 Y       SFR          C          2
 472745707         2531282        1712 EAST COLLEGE AVEN
 LOMPOC                                  CA         93436           30,000
    29,899.48       13.50        139,900       137,249        1,853
 96/07/05       16/07/11          240       235       119.55
 Y       SFR          C          2
 472965422         2531283        3693 COLET TERRACE
 FREMONT                                 CA         94536           25,000
    24,738.87       13.75        119,888       107,314        1,486
 96/06/03       11/06/15          180       174       110.36
 Y       SFR          C          2
 473463119         2531284        2302 W. MCLELLAN BLVD.
 PHOENIX                                 AZ         85015           40,000
    39,900.08       14.99        100,000        72,274        1,209
 96/06/17       16/08/25          240       236       112.28
 Y       SFR          C          2
 471681368         2531285        16451 FERNANDO WAY
 ROSEMOUNT                               MN         55068           57,000
    57,000.00       13.25        125,000        94,556        1,832
 96/11/15       21/12/28          300       300       121.24
 Y       SFR          C          2
 471803016         2531286        3601 ARGINIS STREET #2
 LAS VEGAS                               NV         89108           15,000
    14,981.17       15.49         82,950        79,925        1,732
 96/10/02       16/10/15          240       238       114.44
 Y       COND         C          2
 471825408         2531287        4138 PINEHURST CIRCLE
 STOCKTON                                CA         95219           63,000
    62,964.39       15.50        202,000       180,141        3,274
 96/09/25       21/10/15          300       298       120.37
 Y       SFR          C          2

 
 471429545         2531288        106605 BADGER ROAD
 KENNEWICK                               WA         99337           23,500
    23,492.74       14.99        152,000       143,312        2,892
 96/11/04       21/11/08          300       299       109.74
 Y       SFR          C          2
 471507133         2531289        6017 MIRROR LAKE DRIVE
 LAS VEGAS                               NV         89110           47,000
    46,959.86       15.50        125,000        92,845        2,053
 96/08/23       21/09/03          300       297       111.88
 Y       SFR          C          2
 471601461         2531290        333 FOX RIDGE DRIVE
 THOUSAND OAKES                          CA         91361           75,000
    74,596.05       13.25        372,500       311,813        2,491
 96/08/25       11/09/24          180       177       103.84
 Y       SFR          C          2
 470900241         2531291        1411 COWSILL DRIVE
 SEVERN                                  MD         21144           45,000
    44,974.56       15.50        186,000       183,885        2,637
 96/09/11       21/10/15          300       298       123.06
 Y       SFR          C          2
 471348756         2531292        43 GRENADA STREET
 LAGUNA NIGUEL                           CA         92677           25,000
    25,000.00       14.25        165,000       138,748          370
 96/10/29       21/12/02          300       300        99.24
 Y       COND         C          2
 471401206         2531293        6609 MEDALLION COURT
 CITRUS HEIGHTS                          CA         95621           66,500
    66,428.90       15.25        122,000        83,252        1,724
 96/07/29       21/08/02          300       296       122.75
 Y       SFR          C          2
 468887538         2531294        940 56TH STREET
 SAN DIEGO                               CA         92121           25,000
    24,602.15       14.99        136,000       114,659        2,098
 96/04/30       16/05/08          240       233       102.69
 Y       SFR          C          2
 469664761         2531295        1443 BUTTERCUP LANE
 MARYSVILLE                              CA         95901           50,000
    49,927.85       14.25        131,007       113,306        1,793
 96/06/26       21/08/01          300       296       124.65
 Y       SFR          C          2
 469703995         2531296        9433 VALLEY HILLS AVEN
 LAS VEGAS                               NV         89134           24,000
    23,782.14       13.25        130,000       114,678        1,581
 96/07/02       11/07/16          180       175       106.68
 Y       SFR          C          2
 468504921         2531297        1365 DETROIT STREET
 NORCO                                   CA         91760           20,800
    20,800.00       13.75        118,000       114,417        1,251
 96/10/25       16/12/11          240       240       114.59
 Y       SFR          C          2
 468566425         2531298        512-224TH PLACE SOUTHE
 BOTHELL                                 WA         98021           75,000
    74,656.08       13.75        223,600       160,014        3,426
 96/08/21       16/09/12          240       237       105.10
 Y       SFR          C          2
 468783789         2531299        8881 SYRACUSE AVENUE
 ANAHEIM                                 CA         92804           43,000
    42,734.95       13.25        175,000       167,246        2,434
 96/07/26       11/08/08          180       176       120.14
 Y       SFR          C          2
 467887466         2531300        224 SANTA ROSA DRIVE
 SAN JOSE                                CA         95111           37,000
    36,952.26       13.25        155,000       147,000        1,912
 96/09/03       21/09/20          300       297       118.71
 Y       SFR          C          2
 467901925         2531301        337 S. 3RD AVENUE
 BRIGHTON                                CO         80601           35,500
    35,393.14       15.00         86,000        69,028        1,736
 96/10/11       11/11/01          180       179       121.54
 Y       SFR          C          2

 
 467981931         2531302        9346 N. FLOWER STREET
 WESTMINISTER                            CO         80021           17,200
    17,187.67       14.50        105,000        95,471        1,194
 96/10/29       16/11/15          240       239       107.31
 Y       SFR          C          2
 467647505         2531303        1402 ELSMERE DRIVE
 CARSON                                  CA         90746           55,000
    54,960.78       14.25        190,000       175,409        2,408
 96/10/05       21/10/17          300       298       121.27
 Y       SFR          C          2
 467686909         2531304        35032 BOUQUET CANYON R
 SAUGUS AREA                             CA         91350           49,000
    48,881.68       13.75         98,000        73,274        1,879
 96/09/23       16/10/01          240       238       124.77
 Y       SFR          C          2
 467707043         2531305        2938 CARMEL WAY
 FAIRFIELD                               CA         94533           32,402
    30,773.33       14.99        165,000       147,978        1,765
 96/06/07       11/06/12          180       174       109.32
 Y       SFR          C          2
 467333285         2531306        14613 WEST ROSECOURT D
 SANTA CLARITA                           CA         91351           47,600
    47,456.15       14.25        155,000       145,437        1,997
 96/07/18       16/08/15          240       236       124.54
 Y       SFR          C          2
 467375010         2531307        9129 CHATTAROY STREET
 BAKERSFIELD                             CA         93312           26,500
    26,360.65       13.50        110,035       109,026        1,596
 96/08/09       11/09/09          180       177       123.17
 Y       SFR          C          2
 466582877         2531308        4144 LYND AVENUE
 ARCADIA                                 CA         91006           75,000
    75,000.00       13.75        170,000       130,237        1,999
 96/11/19       16/12/10          240       240       120.73
 Y       SFR          C          2
 466945819         2531309        22645 LIGHTHOUSE DRIVE
 CANYON LAKE                             CA         92587           33,000
    32,922.90       13.99        139,900       135,700        1,603
 96/09/21       16/10/01          240       238       120.59
 Y       SFR          C          2
 467310449         2531310        4843 LEVELSIDE STREET
 LAKEWOOD                                CA         90712           36,400
    36,323.41       15.49        172,000       178,278        2,500
 96/08/10       16/09/10          240       237       124.81
 Y       SFR          C          2
 466085960         2531311        3709 BRIARWOOD AVENUE
 LAS VEGAS                               NV         89121           13,000
    12,982.38       15.99         92,020        86,983        1,258
 96/08/05       11/09/15          180       177       108.65
 Y       SFR          C          2
 466089344         2531312        4510 BOCANA ROAD
 CAMERON PARK                            CA         95682           75,000
    74,972.13       13.99        215,000       183,950        1,857
 96/10/21       21/11/01          300       299       120.44
 Y       SFR          C          2
 466487220         2531313        4312 N. 63RD DRIVE
 PHOENIX                                 AZ         85033           18,000
    17,917.20       16.75         74,000        73,135        1,381
 96/08/12       11/09/01          180       177       123.16
 Y       SFR          C          2
 464987959         2531314        1209 VAUGHN STREET
 LAS VEGAS                               NV         89101           26,942
    26,686.13       14.99         95,000        86,395        1,173
 96/04/23       16/06/03          240       234       119.30
 Y       SFR          C          2
 465554236         2531315        1555 UNION AVENUE N.E.
 RENTON                                  WA         98059           22,575
    22,514.56       14.50        115,000        90,668        1,050
 96/07/24       16/08/27          240       236        98.47
 Y       SFR          C          2

 
 465641257         2531316        12 SOUTHWIND
 ALISO VIEJO                             CA         92656           31,000
    30,983.99       15.99        163,000       172,291        3,917
 96/08/30       21/09/12          300       297       124.72
 Y       COND         C          2
 463970579         2531317        125 MANCHESTER DRIVE #
 FAIRFIELD                               CA         94533           30,000
    29,952.59       13.75        125,000       120,982        1,225
 96/06/21       21/08/01          300       296       120.79
 Y       SFR          C          2
 463983742         2531318        1104 SHADOW MOUNTAIN P
 LAS VEGAS                               NV         89108           32,000
    31,912.90       14.99        102,000        90,083        1,167
 96/06/13       16/06/20          240       234       119.69
 Y       SFR          C          2
 464801738         2531319        8550 ACOUSTIC LANE
 PORT TOBACCO                            MD         20677           45,500
    45,271.94       17.50        215,000       183,674        2,965
 96/08/23       21/09/26          300       297       106.59
 Y       SFR          C          2
 463477335         2531320        7728 SHOREHAVEN DRIVE
 NEWARK                                  CA         94560           57,000
    56,874.56       13.75        219,078       192,230        2,459
 96/09/10       21/10/09          300       298       113.76
 Y       SFR          C          2
 463632749         2531321        1365 CRAFTON AVENUE
 MENTONE                                 CA         92359           19,000
    19,000.00       14.25        110,000        57,450        3,184
 96/10/24       11/12/15          180       180        69.50
 Y       COND         C          2
 463841218         2531322        350 LUSTROSOS STREET
 OCEANSIDE                               CA         92057           30,000
    29,893.62       14.75        200,000       185,600        2,939
 96/06/26       16/07/15          240       235       107.80
 Y       SFR          C          2
 463111761         2531323        51800 AVENIDA RAMIREZ
 LA QUINTA                               CA         92253           43,800
    43,585.82       14.25        108,000        91,069        2,124
 96/08/27       11/09/13          180       177       124.88
 Y       SFR          C          2
 463237270         2531324        725 GULLWING LANE
 NORTH LAS VEGAS                         NV         89031           32,000
    31,898.30       14.99        100,000        84,380        1,224
 96/06/13       16/06/24          240       234       116.38
 Y       SFR          C          2
 463257572         2531325        479 ROBERT ROAD
 VACAVILLE                               CA         95687           46,000
    45,927.69       14.50        139,700       123,892        2,665
 96/10/15       11/11/05          180       179       121.61
 Y       SFR          C          2
 462901081         2531326        5142 PLUMSTEAD DRIVE
 COLORADO SPRINGS                        CO         80920           43,938
    43,920.94       13.75        170,000       168,323        2,911
 96/11/08       21/11/20          300       299       124.86
 Y       SFR          C          2
 462907146         2531327        2693 ALDERWOOD DRIVE
 SAN JOSE                                CA         95132           75,000
    74,955.59       15.25        222,000       174,853        3,378
 96/09/26       21/10/18          300       298       112.55
 Y       SFR          C          2
 461028520         2531328        14103 120TH AVENUE CT
 PUYALLUP                                WA         98374           45,700
    45,646.79       14.75        163,000       153,040        2,148
 96/08/13       21/09/18          300       297       121.93
 Y       SFR          C          2
 462433097         2531329        4783 PINEMONT DRIVE
 CAMPBELL                                CA         95008           66,000
    65,976.62       14.25        324,000       294,663        6,404
 96/10/22       21/11/21          300       299       111.32
 Y       SFR          C          2

 
 462722957         2531330        1760 ALFORD DRIVE
 FAIRFIELD                               CA         94533           63,000
    62,978.65       14.49        120,000        80,133        1,965
 96/10/28       21/11/01          300       299       119.28
 Y       SFR          C          2
 459943835         2531331        1061 TANGLEWOOD LANE
 RANGELY                                 CO         81648           22,500
    22,384.52       13.75         73,000        68,566        1,180
 96/08/15       11/09/06          180       177       124.75
 Y       SFR          C          2
 460238798         2531332        4264 GOLDEN GLEN DRIVE
 CHINO HILLS                             CA         91709           40,000
    39,985.17       14.00        200,000       202,564        2,837
 96/10/08       21/11/01          300       299       121.28
 Y       SFR          C          2
 460333228         2531333        28000 BLACK GOLD WAY
 TEHACHAPI                               CA         93561           21,500
    21,335.51       14.25        160,000       163,730        2,298
 96/10/06       06/10/28          120       118       115.77
 Y       SFR          C          2
 458702456         2531334        408 BOOTH WAY
 BIG BEAR CITY                           CA         92314           25,000
    24,877.85       15.99        105,000        86,801        1,115
 96/09/11       21/09/19          300       297       106.48
 Y       SFR          C          2
 458825621         2531335        1131 CHARTERTEN AVENUE
 BAKERSFIELD                             CA         93307           35,000
    34,889.99       13.25        149,778       129,736        2,236
 96/10/02       16/10/10          240       238       109.99
 Y       SFR          C          2
 459821669         2531336        1683 WINDSHIP COURT
 HENDERSON                               NV         89014           50,000
    49,565.95       14.50        157,500       145,849        2,792
 96/09/19       21/10/08          300       298       124.35
 Y       SFR          C          2
 458508022         2531337        4083 RIDGEWOOD AVENUE
 LAS VEGAS                               NV         89120           31,000
    30,837.08       16.50        130,100       131,592        1,675
 96/07/10       11/08/01          180       176       124.97
 Y       SFR          C          2
 458532656         2531338        34220 WHITEHEAD LANE
 FREMONT                                 CA         94555           43,000
    43,000.00       13.75        210,000       172,337          405
 96/11/01       11/12/11          180       180       102.54
 Y       SFR          C          2
 458685157         2531339        124 STANDFORD DRIVE
 VALLEJO                                 CA         94589           39,000
    38,988.43       15.49        120,000       110,000        3,172
 96/10/30       21/11/05          300       299       124.17
 Y       SFR          C          2
 457984665         2531340        2930 SOUTH BIRCH STREE
 DENVER                                  CO         80222           29,000
    28,871.42       15.25        126,000       113,658        1,819
 96/08/17       11/09/23          180       177       113.22
 Y       SFR          C          2
 458469881         2531341        1080 JOHNS ROAD
 PERRIS                                  CA         92571           15,000
    14,859.01       14.49         66,000        66,690          833
 96/04/23       11/05/01          180       173       123.77
 Y       SFR          C          2
 458486527         2531342        224 GRAND CANYON DRIVE
 VACAVILLE                               CA         95688           30,000
    29,990.73       14.99        108,000        97,255        1,727
 96/10/22       21/10/28          300       298       117.83
 Y       SFR          C          2
 456764775         2531343        7854 MISSION BONITA DR
 SAN DIEGO                               CA         92120           47,700
    47,592.24       14.25        175,100       171,132        2,793
 96/08/07       16/09/01          240       237       124.98
 Y       SFR          C          2

 
 456889428         2531344        12615 N. 37TH DRIVE
 PHOENIX                                 AZ         85029           10,000
     9,949.84       13.99         56,000        55,828          613
 96/09/03       11/09/10          180       177       117.55
 Y       SFR          C          2
 457769151         2531345        307 BEDROCK LANE
 REDDING                                 CA         96003           53,600
    53,566.68       14.99        114,000        88,702        1,320
 96/10/07       21/10/18          300       298       124.83
 Y       SFR          C          2
 456269402         2531346        11195 VILLA STREET
 ADELANTO                                CA         92301           39,000
    38,938.38       13.75        114,720        66,673        2,184
 96/07/25       21/08/07          300       296        92.11
 Y       SFR          C          2
 456431661         2531347        443 WOODHILL DRIVE
 OWINGS MILLS                            MD         21117           24,000
    23,742.94       15.50        125,000       110,000        1,409
 96/09/25       06/10/01          120       118       107.20
 Y       SFR          C          2
 455334345         2531348        901 OLYMPIAN CIRCLE S.
 VIENNA                                  VA         22180           75,000
    74,528.32       15.75        202,000       171,480        1,676
 96/08/09       21/09/03          300       297       122.02
 Y       SFR          C          2
 455691417         2531349        324 CROMWELL
 CLOVIS                                  CA         93611           25,000
    24,607.67       14.49        149,370       146,000        1,834
 96/05/30       11/06/12          180       174       114.48
 Y       SFR          C          2
 456257211         2531350        12363 ROYAL ROAD
 EL CAJON                                CA         92021           40,000
    39,915.96       14.75        159,000       154,734        2,127
 96/08/03       16/09/01          240       237       122.47
 Y       SFR          C          2
 454789456         2531351        112-114 KINGSLEY AVENU
 PALO ALTO                               CA         94301           75,000
    74,869.99       14.50        465,000       412,032        4,321
 96/07/10       21/08/01          300       296       104.74
 Y       SFR          C          2
 454977146         2531352        3604 PERLITER AVENUE
 NORTH LAS VEGAS                         NV         89030           14,000
    13,980.07       15.50         79,000        61,389          761
 96/09/17       11/10/01          180       178        95.43
 Y       SFR          C          2
 455293391         2531353        1357 E. HOUSTON AVENUE
 FRESNO                                  CA         93720           20,000
    19,923.64       16.75        146,000       125,856        2,100
 96/08/17       11/08/27          180       176        99.90
 Y       SFR          C          2
 453218607         2531354        2780 LYNX AVENUE
 BOISE                                   ID         83705           18,500
    18,416.98       13.25         94,000        85,862        1,207
 96/08/06       21/08/16          300       296       111.02
 Y       SFR          C          2
 453824873         2531355        6651 N. BENDEL AVENUE
 FRESNO                                  CA         93722           40,000
    39,180.39       14.99        104,000        78,586        1,776
 96/05/23       11/06/10          180       174       114.03
 Y       SFR          C          2
 4546649521        2531356        16834 SAN JOSE
 GRANADA HILLS                           CA         91344           50,000
    49,962.89       14.25        193,000       179,884        2,119
 96/10/11       16/11/04          240       239       119.11
 Y       SFR          C          2
 452908310         2531357        310 LONDON DRIVE
 GILROY                                  CA         95020           40,000
    39,898.01       15.75        225,000       194,505        3,781
 96/07/18       21/08/21          300       296       104.22
 Y       SFR          C          2

 
 453064656         2531358        25975 VIA PERA
 MISSION VIEJO                           CA         92691           25,000
    25,000.00       13.75        125,000       118,927        1,786
 96/11/15       11/12/06          180       180       115.14
 Y       SFR          C          2
 453151224         2531359        2808 CLARA LANE
 COEUR D ALENE                           ID         83814           16,500
    16,327.88       13.75         78,000        76,829        1,048
 96/08/12       11/08/27          180       176       119.65
 Y       SFR          C          2
 451927581         2531360        4154 KIMBERLY LANE
 OCEANSIDE                               CA         92056           30,000
    29,530.32       13.25        161,936       129,000        2,360
 96/07/27       11/08/01          180       176        98.19
 Y       SFR          C          2
 452310231         2531361        5481 REDWOOD STREET
 SAN DIEGO                               CA         92105           20,000
    19,274.27       14.49        136,000       129,495        1,490
 96/04/15       16/04/19          240       232       109.92
 Y       SFR          C          2
 452566284         2531362        13008 STANDISH DRIVE
 POWAY                                   CA         92064           43,300
    43,163.06       14.50        165,000       132,000        1,752
 96/09/30       11/10/16          180       178       106.24
 Y       SFR          C          2
 450517207         2531363        17 LA SORDINA
 RANCHO SANTA MARGARITA                  CA         92688           35,000
    34,915.46       13.75        191,000       203,632        2,736
 96/08/15       16/09/01          240       237       124.94
 Y       SFR          C          2
 450602998         2531364        843 NORTH SAGE AVENUE
 RIALTO                                  CA         92376           30,000
    29,894.20       15.49        105,000        93,483        1,281
 96/10/12       06/10/21          120       118       117.60
 Y       SFR          C          2
 450909151         2531365        2853 ARTIC STREET
 LAS VEGAS                               NV         89121           25,000
    24,595.48       13.50        140,000       111,867        1,463
 96/08/23       06/08/28          120       116        97.76
 Y       SFR          C          2
 449907921         2531366        100 EAST MORNINGSIDE S
 LONG BEACH                              CA         90503           22,000
    21,839.00       14.49        145,000       122,264        1,418
 96/07/25       11/08/07          180       176        99.49
 Y       SFR          C          2
 450298930         2531367        10081 VICTORIA STREET
 RANCHO CUCAMONGA                        CA         91701           40,000
    39,903.39       13.75        147,000       142,373        2,624
 96/09/05       16/09/15          240       237       124.06
 Y       SFR          C          2
 450332233         2531368        1361 SUNSWEPT DRIVE
 SAN JACINTO                             CA         92582           30,000
    30,000.00       13.75        130,000       123,233        2,444
 96/10/31       11/12/25          180       180       117.87
 Y       SFR          C          2
 449522163         2531369        361 ALAMOSA STREET
 PALMDALE                                CA         93551           50,000
    49,902.07       15.25        189,000       171,000        2,472
 96/07/22       16/09/01          240       237       116.93
 Y       SFR          C          2
 449708349         2531370        1090 CIELO LANE
 NIPOMO                                  CA         93444           40,000
    39,454.17       14.50        170,000       144,594        2,179
 96/07/11       16/07/22          240       235       108.58
 Y       SFR          C          2
 449829833         2531371        3200 WEST 81ST STREET
 INGLEWOOD                               CA         90305           44,000
    41,888.49       13.75        140,500       131,084        1,780
 96/08/20       11/09/23          180       177       124.61
 Y       SFR          C          2

 
 448426101         2531372        5052 UPTON COURT
 DENVER                                  CO         80239           50,000
    49,878.06       14.25         98,000        70,510        1,342
 96/08/12       16/09/11          240       237       122.97
 Y       SFR          C          2
 449191769         2531373        6437 DU SAULT DRIVE
 SAN JOSE                                CA         95119           75,000
    74,108.13       13.25        210,000       128,000        3,651
 96/10/11       06/11/12          120       119        96.67
 Y       SFR          C          2
 449324537         2531374        16654 JUAREZ DRIVE
 SAN DIEGO                               CA         92128           40,000
    39,936.79       13.75        149,000       146,103        1,864
 96/07/23       21/08/06          300       296       124.90
 Y       SFR          C          2
 447369239         2531375        512 MEADBERRY DRIVE
 HENDERSON                               NV         89014           40,000
    39,965.86       15.50        105,000        90,378        1,518
 96/09/17       21/09/23          300       297       124.17
 Y       SFR          C          2
 447542441         2531376        380 S. POINSETTIA AVEN
 BREA                                    CA         92621           50,000
    49,876.81       15.75        235,000       210,541        2,943
 96/08/01       16/08/15          240       236       110.87
 Y       SFR          C          2
 447563470         2531377        12233 CHISSER ROAD
 GARDEN GROVE                            CA         92640           33,187
    33,177.69       15.50        150,000       154,313        2,620
 96/09/27       21/10/15          300       298       125.00
 Y       SFR          C          2
 445829648         2531378        207 NORTH MONOCOUPE TE
 MUSTANG                                 OK         73064           28,000
    28,000.00       14.25         70,000        59,468        1,543
 96/12/03       11/12/18          180       180       124.95
 Y       SFR          C          2
 446423075         2531379        3557 LARCHMONT DRIVE
 FAIRFIELD                               CA         94533           40,000
    39,958.83       14.49        158,000       152,103        2,437
 96/08/30       21/09/12          300       297       121.58
 Y       SFR          C          2
 446447545         2531380        11795 CHISHOLM TRAIL
 VICTORVILLE                             CA         92392           23,565
    23,029.58       15.00        120,000       104,749        1,528
 96/10/02       01/10/16           60        58       106.93
 Y       SFR          C          2
 444743757         2531381        536 S. FAIRVIEW
 RIDGECREST                              CA         93555           60,000
    59,948.79       15.50        110,000        76,619        1,632
 96/08/20       21/09/01          300       297       124.20
 Y       SFR          C          2
 444840445         2531382        1091 E. 100 N.
 SPRINGVILLE                             UT         84663           25,000
    24,968.68       15.50        138,000       116,706        1,479
 96/09/26       16/10/15          240       238       102.69
 Y       SFR          C          2
 445701860         2531383        4891 TULSA AVENUE
 OLIVEHURST                              CA         95961           29,950
    29,939.39       14.25         64,000        44,226          764
 96/10/18       21/11/15          300       299       115.90
 Y       SFR          C          2
 443583038         2531384        7350 COWLES MOUNTAIN B
 SAN DIEGO                               CA         92119           40,000
    39,987.65       14.99        182,552       168,570        1,868
 96/10/26       21/11/02          300       299       114.25
 Y       SFR          C          2
 443684968         2531385        1773 ROCHELLE COURT
 WOODBRIDGE                              VA         22192           18,000
    17,603.72       16.25        115,200       111,115        1,719
 96/10/10       01/10/21           60        58       112.08
 Y       SFR          C          2

 
 444560786         2531386        1430 EAST 55TH PLACE
 TULSA                                   OK         74105           28,802
    28,802.00       13.75         70,000        58,698        1,102
 96/11/20       21/11/27          300       300       125.00
 Y       SFR          C          2
 442482237         2531387        9463 CALLE DEL DIABLO
 DESERT HOT SPRINGS                      CA         92240           32,500
    32,415.93       13.25        110,000        97,092          585
 96/09/03       16/09/15          240       237       117.81
 Y       SFR          C          2
 442504775         2531388        21920 PALM LANE
 PERRIS                                  CA         92570           25,000
    24,589.51       13.25        150,000       118,446        1,797
 96/07/26       06/07/23          120       115        95.63
 Y       SFR          C          2
 443147813         2531389        2053 PALMA DRIVE
 ROWLAND HEIGHTS                         CA         92748           75,000
    74,667.48       15.25        316,000       251,870        3,855
 96/09/18       11/10/02          180       178       103.44
 Y       SFR          C          2
 440265284         2531390        18106 IOWA AVENUE
 LEMOORE                                 CA         93245           35,000
    34,901.35       14.75         92,500        76,729        1,841
 96/07/10       16/08/09          240       236       120.79
 Y       SFR          C          2
 441426820         2531391        309 BRYANT STREET
 PETAL                                   MS         39465           24,000
    24,000.00       13.75         60,000        43,769        2,234
 96/11/18       01/12/28           60        60       112.95
 Y       SFR          C          2
 441784544         2531392        19066 LUDLOW
 NORTHRIDGE                              CA         91326           60,000
    59,946.32       15.25        270,000       199,610        2,497
 96/09/27       21/10/03          300       298        96.15
 Y       SFR          C          2
 439230372         2531393        6721 LINDBROOK WAY
 SACRAMENTO                              CA         95823           11,000
    10,989.21       14.75         91,000        90,855        1,048
 96/08/14       21/09/01          300       297       111.93
 Y       SFR          C          2
 439827674         2531394        7902 CABLE CANYON ROAD
 SAN BERNARDINO                          CA         92407           58,400
    58,114.39       14.25        166,500       149,530        3,305
 96/09/03       11/09/15          180       177       124.88
 Y       SFR          C          2
 439965663         2531395        4607 E. MOLLY LANE
 CAVE CREEK                              AZ         85331           60,000
    59,536.14       14.99        295,000       272,457        3,819
 96/08/28       21/09/04          300       297       112.70
 Y       SFR          C          2
 438983599         2531396        144 STONINGTON WAY
 FOLSOM                                  CA         95630           15,000
    14,939.59       11.99        192,000       193,000        2,381
 96/09/23       11/09/27          180       177       108.33
 Y       SFR          C          2
 439054121         2531397        8938 S. WILTON PLACE
 LOS ANGELES                             CA         90047           40,000
    39,794.30       14.99        155,000       135,904        2,562
 96/05/21       16/06/14          240       234       113.49
 Y       SFR          C          2
 439112531         2531398        508 VENTURA COURT
 SUISUN CITY                             CA         94585           28,500
    28,413.88       14.25        150,000       151,595        1,547
 96/07/15       16/08/20          240       236       120.06
 Y       SFR          C          2
 438605430         2531399        2520 MORNING SUN DRIVE
 RICHMOND                                CA         94806           58,000
    57,908.33       13.75        237,000       172,270        3,213
 96/07/02       21/08/07          300       296        97.16
 Y       SFR          C          2

 
 438641959         2531400        20 MAPLE DRIVE
 ALISO VIEJO                             CA         92656           34,000
    33,715.57       14.75        220,000       169,000        1,758
 96/08/07       21/08/13          300       296        92.27
 Y       SFR          C          2
 438863213         2531401        1806 SOUTH 245TH PLACE
 DES MOINES                              WA         98198           20,000
    19,988.64       15.50        135,000       125,032        1,965
 96/09/17       21/10/01          300       298       107.43
 Y       SFR          C          2
 437548072         2531402        9858 ALDERGROVE LANE
 SPRING VALLEY                           CA         91977           46,500
    46,500.00       15.00        145,600       118,157        1,804
 96/10/17       11/11/01          180       180       113.09
 Y       SFR          C          2
 438500035         2531403        353 N. 43RD STREET
 SAN DIEGO                               CA         92102           30,000
    29,979.24       14.75        125,000        72,494        1,259
 96/10/28       16/11/21          240       239        82.00
 Y       SFR          C          2
 438501646         2531404        5500 KAILAS STREET
 VENTURA                                 CA         93003           75,000
    74,681.69       14.75        350,000       294,718        3,710
 96/08/15       21/08/23          300       296       105.63
 Y       SFR          C          2
 436826702         2531405        543 STANFORD STREET
 VACAVILLE                               CA         95687           55,000
    54,872.74       13.49        200,000       158,616        2,150
 96/09/09       21/09/13          300       297       106.81
 Y       SFR          C          2
 437152040         2531406        196 N. CHURCH STREET
 CALIDONA                                MS         39740           20,000
    20,000.00       13.75         60,000        53,876        1,061
 96/11/18       16/12/26          240       240       123.13
 Y       SFR          C          2
 437235822         2531407        8903 WAITES WAY
 LORTON                                  VA         22079           62,000
    61,984.88       16.25        131,000        99,000        1,873
 96/10/24       21/10/28          300       298       122.90
 Y       SFR          C          2
 436568707         2531408        64 HUNTINGTON CIRCLE
 PITTSBURG                               CA         94565           30,000
    29,977.16       13.99        159,000       143,153        2,560
 96/10/20       16/11/07          240       239       108.90
 Y       SFR          C          2
 436607061         2531409        690 SOUTHWEST 126TH AV
 BEAVERTON                               OR         97005           64,000
    63,962.08       15.25        128,000        96,000        1,865
 96/09/12       21/09/19          300       297       125.00
 Y       SFR          C          2
 436702644         2531410        7938 CINA AVENUE
 LAS VEGAS                               NV         89117           30,000
    29,914.43       14.75        106,000        90,859        1,750
 96/08/19       16/08/23          240       236       114.02
 Y       SFR          C          2
 435567007         2531411        19606 CAMPAIGN DRIVE
 CARSON                                  CA         90746           68,000
    67,974.77       14.00        180,000       156,281        2,794
 96/10/22       21/11/01          300       299       124.60
 Y       SFR          C          2
 436313988         2531412        23820 SOUTHEAST 246TH
 MAPLE VALLEY                            WA         98038           40,000
    39,926.03       15.25        174,000       163,493        3,089
 96/08/12       21/08/19          300       296       116.95
 Y       SFR          C          2
 436403716         2531413        1810 59TH AVENUE
 SACRAMENTO                              CA         95822           24,800
    24,424.73       12.99        105,000        80,000        3,307
 96/04/05       11/04/17          180       172        99.81
 Y       SFR          C          2

 
 433963356         2531414        21 BLUE POINT
 ALISO VIEJO                             CA         92656           30,000
    29,981.34       14.99        240,000       197,116        4,051
 96/10/07       21/10/15          300       298        94.63
 Y       SFR          C          2
 433984475         2531415        11619 CHANERA AVENUE
 HAWTHORNE                               CA         90250           52,000
    51,840.32       15.25        156,843       143,066        2,554
 96/08/17       16/09/05          240       237       124.37
 Y       SFR          C          2
 435175392         2531416        415 EAST BUTTONWOOD
 BREA                                    CA         92821           50,000
    49,770.96       14.25        240,000       171,542        2,495
 96/07/31       16/08/15          240       236        92.31
 Y       SFR          C          2
 433355137         2531417        3827 HADDOCK AVENUE
 LAS VEGAS                               NV         89115           20,000
    19,915.22       13.99         72,000        64,473        1,369
 96/07/05       16/07/12          240       235       117.32
 Y       SFR          C          2
 433685173         2531418        3950 SEQUOYAH ROAD
 OAKLAND                                 CA         94605           71,900
    71,900.00       14.25        210,000       190,541        2,478
 96/11/01       21/12/16          300       300       124.97
 Y       SFR          C          2
 433822013         2531419        1812 EAST PINE STREET
 COMPTON                                 CA         90221           46,000
    45,922.18       13.75        125,000       106,387          315
 96/08/29       11/11/01          180       179       121.91
 Y       SFR          C          2
 432171159         2531420        6796 BODINE CIRCLE
 SACRAMENTO                              CA         95823           60,500
    60,500.00       14.25        104,750        70,200        2,210
 96/11/08       21/12/23          300       300       124.77
 Y       SFR          C          2
 432176388         2531421        7949 GREENWOOD AVENUE
 CALIFORNIA CITY                         CA         93505           25,000
    24,702.68       14.50         74,000        65,852        1,381
 96/08/07       11/09/27          180       177       122.77
 Y       SFR          C          2
 432727203         2531422        26375 YALE STREET
 HEMET                                   CA         92344           45,000
    44,976.80       15.99        100,000        77,037        2,686
 96/10/05       21/10/18          300       298       122.04
 Y       SFR          C          2
 430869681         2531423        3942 BUCKINGHAM
 LOS ANGELES                             CA         90008           40,000
    39,739.70       14.99        155,000       147,000        1,789
 96/05/18       16/06/10          240       234       120.65
 Y       SFR          C          2
 431419369         2531424        2245 BLACK PINE DRIVE
 LAS VEGAS                               NV         89134           40,000
    39,491.33       12.99        199,000       153,263        3,406
 96/03/11       11/08/15          180       176        97.12
 Y       SFR          C          2
 431889908         2531425        4901 ROCKY ROAD
 RICHMOND                                CA         94803           39,950
    39,811.46       13.25        235,000       210,000          434
 96/07/29       16/08/06          240       236       106.36
 Y       SFR          C          2
 4302350891        2531426        13172 SPUR BRANCH CIRC
 CORONA                                  CA         91719           40,000
    39,928.97       13.25        190,000       137,587        1,857
 96/10/16       11/11/01          180       179        93.47
 Y       SFR          C          2
 4303870941        2531427        53 PARRISH LANE
 LAS VEGAS                               NV         89110           35,000
    34,788.60       13.50         86,000        72,458        1,165
 96/05/06       16/05/20          240       233       124.95
 Y       SFR          C          2

 
 427452237         2531428        420 WEST OLIVE AVENUE
 LOMPOC                                  CA         93436           43,000
    42,965.79       13.75        117,500       100,994        1,380
 96/10/09       16/10/17          240       238       122.55
 Y       SFR          C          2
 427867287         2531429        17706 COOLWATER AVENUE
 PALMDALE                                CA         93550           22,000
    21,984.78       14.75        120,000        95,070        1,147
 96/10/19       16/11/01          240       239        97.56
 Y       SFR          C          2
 427947451         2531430        640 INDIAN OAK LANE #1
 AGOURA                                  CA         91301           25,000
    25,000.00       14.25        225,500       123,456        2,308
 96/11/13       11/12/20          180       180        65.83
 Y       COND         C          2
 426155917         2531431        1201 ELK PLACE
 DAVIS                                   CA         95616           26,000
    26,000.00       13.75        175,000       137,145        2,029
 96/11/06       16/12/25          240       240        93.23
 Y       SFR          C          2
 426236549         2531432        208 POLLARD STREET
 JACKSONVILLE                            NC         28540           28,675
    28,588.58       14.99         71,500        60,700          951
 96/09/25       11/10/01          180       178       125.00
 Y       SFR          C          2
 426317340         2531433        2308 MEADOWVIEW DRIVE
 TUPELO                                  MS         38801           19,696
    19,696.00       13.75         50,000        42,804          993
 96/11/20       11/12/28          180       180       125.00
 Y       SFR          C          2
 425115489         2531434        18654 LOREE AVENUE
 CUPERTINO                               CA         95014           35,000
    34,781.32       14.75        206,000       173,314        2,934
 96/07/26       11/08/08          180       176       101.12
 Y       SFR          C          2
 425218940         2531435        21120 FIRESIDE COURT
 STERLING                                VA         20164           33,000
    33,000.00       16.25        160,000       126,000        2,444
 96/11/05       21/11/28          300       300        99.38
 Y       SFR          C          2
 425510071         2531436        3435 WOODBINE COVE
 HORNLAKE                                MS         38637           41,300
    41,233.48       14.25         78,500        49,926        1,055
 96/11/19       11/11/28          180       179       116.21
 Y       SFR          C          2
 424648399         2531437        7846 AMADOR PLACE
 RANCHO CUCAMONGA                        CA         91730           25,000
    24,910.22       15.50        118,000        93,529        2,982
 96/09/17       11/10/01          180       178       100.45
 Y       COND         C          2
 424902387         2531438        16690 VIA PAMPLONA
 MORENO VALLEY                           CA         92551           25,000
    24,909.76       15.00        140,000       137,613        1,885
 96/06/26       16/06/26          240       234       116.15
 Y       SFR          C          2
 424941172         2531439        30240 108TH AVENUE SE
 AUBURN                                  WA         98092           22,500
    22,428.85       14.50        180,000       179,019        1,832
 96/10/02       11/10/15          180       178       111.96
 Y       SFR          C          2
 420541396         2531440        294 WEST WOODBURY ROAD
 ALTADENA                                CA         91001           40,000
    39,818.62       14.49        160,000       154,412        1,977
 96/04/09       16/05/01          240       233       121.51
 Y       SFR          C          2
 422861429         2531441        6251 CHEROKEE DRIVE
 WESTMINSTER                             CA         92683           25,000
    24,982.17       14.25        190,000       172,936        2,423
 96/09/27       21/10/15          300       298       104.18
 Y       SFR          C          2

 
 423986345         2531442        13265 TOPSANNA ROAD
 APPLE VALLEY                            CA         92308           17,000
    16,972.62       14.25         80,000        68,282        1,595
 96/10/11       11/11/07          180       179       106.60
 Y       SFR          C          2
 417621886         2531443        5400 COMCHEC WAY #105
 LAS VEGAS                               NV         89108           25,000
    24,931.82       14.99         98,000        72,933        1,575
 96/08/21       16/09/03          240       237        99.93
 Y       COND         C          2
 417806014         2531444        24608 FRAMPTON AVENUE
 HARBOR CITY                             CA         90710           25,000
    25,000.00       15.50        280,000       216,239        2,527
 96/11/06       16/12/13          240       240        86.16
 Y       COND         C          2
 418688370         2531445        1860 SHAMROCK AVENUE
 PALMDALE                                CA         93550           30,000
    29,839.87       14.75        110,000       105,721        1,540
 96/06/28       21/07/10          300       295       123.38
 Y       SFR          C          2
 417049544         2531446        43320 HONEYBEE LANE
 QUARTZ HILL                             CA         93536           50,000
    49,837.96       14.25        162,700       149,303        2,790
 96/09/14       11/09/27          180       177       122.50
 Y       SFR          C          2
 417425949         2531447        3324 MARLENE COURT
 ROSAMOND                                CA         93560           25,000
    24,970.53       13.75         93,300        74,048          985
 96/08/01       21/09/18          300       297       106.16
 Y       SFR          C          2
 417540229         2531448        10524 HESTER AVENUE
 WHITTIER                                CA         90604           41,500
    41,070.13       14.49        242,500       199,412        3,307
 96/05/03       16/05/22          240       233        99.35
 Y       SFR          C          2
 415425632         2531449        2145 HOUSTON AVENUE
 STOCKTON                                CA         95206           35,000
    34,928.89       14.99        150,000        98,054        1,810
 96/08/09       16/08/28          240       236        88.70
 Y       SFR          C          2
 415598745         2531450        8737 WEST REDBUD COURT
 MAGNA                                   UT         84044           25,000
    25,000.00       14.50        107,000       108,000        1,605
 96/10/25       16/11/27          240       240       124.30
 Y       SFR          C          2
 416041618         2531451        6399 CAROLINE AVENUE
 SIMI VALLEY                             CA         93063           28,700
    28,624.53       15.25        163,000       162,178        1,870
 96/06/08       16/08/08          240       236       117.10
 Y       SFR          C          2
 414584115         2531452        2985 JOHNSON WAY TERRA
 POWHATAN                                VA         23139           75,000
    73,867.87       13.75        245,000       178,008        3,522
 96/08/26       16/09/01          240       237       103.27
 Y       SFR          C          2
 415315274         2531453        1625 SOUTH WEST WYNWOO
 PORTLAND                                OR         97225           50,000
    49,964.35       14.25        138,000       118,707        1,676
 96/09/19       21/10/16          300       298       122.25
 Y       SFR          C          2
 412662804         2531454        10161 BIRCHWOOD DRIVE
 HUNTINGTON BEACH                        CA         92646           65,000
    65,000.00       15.50        321,000       288,900        4,070
 96/10/22       16/12/04          240       240       110.25
 Y       SFR          C          2
 412986684         2531455        3106 KENNER DRIVE
 NORTH LAS VEGAS                         NV         89030           13,000
    12,815.91       15.75        109,000        99,859        1,101
 96/08/10       06/08/14          120       116       103.54
 Y       SFR          C          2

 
 413968540         2531456        28600 HIGHPOINT AVENUE
 MORENO VALLEY                           CA         92555           29,000
    28,909.23       14.00        132,600       104,317        2,090
 96/08/12       16/08/15          240       236       100.54
 Y       SFR          C          2
 411662642         2531457        31030 PEBBLE STREET
 MENTONE                                 CA         92359           65,000
    64,972.35       13.25        168,000       141,348        3,046
 96/10/16       21/11/12          300       299       122.83
 Y       SFR          C          2
 4120229251        2531458        105 SOUTH VINE STREET
 ANAHEIM                                 CA         92805           40,000
    39,809.07       14.50        193,450       173,096        2,183
 96/09/10       11/09/20          180       177       110.16
 Y       SFR          C          2
 412024463         2531459        5347 KATRINA PLACE
 PALMDALE                                CA         93552           38,000
    38,000.00       13.75        150,100       136,416        1,932
 96/11/18       16/12/10          240       240       116.20
 Y       SFR          C          2
 409740808         2531460        4735 STETSON AVENUE
 ROSAMOND                                CA         93560           37,000
    36,816.00       14.49         89,000        72,587        1,603
 96/07/27       11/09/01          180       177       123.13
 Y       SFR          C          2
 410138885         2531461        3009 GOLDEN AVENUE
 LONG BEACH                              CA         90806           24,000
    23,812.29       14.74        119,000       121,289        1,684
 96/05/31       16/06/14          240       234       122.09
 Y       SFR          C          2
 410860437         2531462        10858 HASBROOK ROAD
 SAN DIEGO                               CA         92131           75,000
    74,914.47       14.50        296,750       250,125        3,704
 96/08/09       21/09/12          300       297       109.56
 Y       SFR          C          2
 407821725         2531463        29361 FAWN WAY
 TEHACHAPI                               CA         93561           25,000
    24,778.42       13.50        143,000       124,622        1,435
 96/07/05       11/07/16          180       175       104.63
 Y       SFR          C          2
 408068965         2531464        15 LYNDHURST COURT
 STERLING                                VA         20165           44,750
    44,728.03       16.25        135,000       124,000        2,162
 96/10/04       21/10/21          300       298       125.00
 Y       SFR          C          2
 409275733         2531465        10714 POOKEY WAY
 UPPER MARLBORO                          MD         20772           31,500
    31,469.60       16.00        172,000       178,000        1,942
 96/08/26       21/09/01          300       297       121.80
 Y       SFR          C          2
 405649529         2531466        2648 TWIN CEDAR TRAIL
 CHESAPEAKE                              VA         23323           33,100
    32,676.55       15.50        140,000       129,000        1,803
 96/09/13       06/09/18          120       117       115.79
 Y       SFR          C          2
 405886439         2531467        25 WEST MCKINLEY ROAD
 DELTA                                   PA         17314           38,250
    38,106.80       16.00        121,000       112,897        2,635
 96/10/18       11/10/23          180       178       124.91
 Y       SFR          C          2
 406111262         2531468        1332 GRAYLIN COURT
 VIRGINIA BEACH                          VA         23464           35,750
    35,713.77       16.00        107,000        98,000        1,817
 96/09/20       21/09/25          300       297       125.00
 Y       SFR          C          2
 403568597         2531469        1444 N. MOUNTAIN AVENU
 CLAREMONT                               CA         91711           69,000
    68,485.22       13.75        256,091       216,364        4,302
 96/08/01       21/08/26          300       296       111.43
 Y       SFR          C          2

 
 404080607         2531470        6942 LYDIA DRIVE
 HUNTINGTON BEACH                        CA         92647           45,000
    42,501.06       13.75        200,000       200,651        2,297
 96/07/18       21/07/12          300       295       122.83
 Y       SFR          C          2
 404525976         2531471        116 STONINGTON WAY
 FOLSOM                                  CA         95630           75,000
    74,784.38       15.75        273,000       233,008        3,431
 96/09/16       11/11/01          180       179       112.82
 Y       SFR          C          2
 403177542         2531472        3141 RANIER STREET
 CORONA                                  CA         91719           60,411
    60,411.00       13.75        199,000       179,895        3,559
 96/11/04       16/11/28          240       240       120.76
 Y       SFR          C          2
 403179337         2531473        20256 ARROW WIGHWAY #A
 COVINA                                  CA         91724           20,000
    19,906.83       14.75        126,000       105,070        2,055
 96/09/16       11/09/25          180       177        99.26
 Y       COND         C          2
 403460893         2531474        912-914 EAST 16TH STRE
 NATIONAL CITY                           CA         91950           38,650
    38,620.29       14.00        144,500       141,940        1,862
 96/11/06       16/11/15          240       239       124.98
 Y       SFR          C          2
 402921263         2531475        9327 AMARYLLIS AVENUE
 MANASSAS                                VA         22110           65,000
    64,780.21       16.25        208,000       174,155        2,808
 96/10/30       21/11/08          300       299       114.98
 Y       SFR          C          2
 403068978         2531476        9137 WEST WAKEFIELD ST
 BOISE                                   ID         83703           23,500
    23,264.77       13.75         96,500        96,921        1,506
 96/10/09       06/10/23          120       118       124.79
 Y       SFR          C          2
 399704259         2531477        3604 LAUREL GROVE COUR
 ANTELOPE                                CA         95843           30,000
    29,909.58       14.99        126,000       122,521        1,997
 96/09/25       11/10/03          180       178       121.05
 Y       SFR          C          2
 402029801         2531478        27 SOUTH WALNUT STREET
 DALLASTOWN                              PA         17313           22,000
    21,927.08       16.50        117,000       113,000        1,311
 96/11/11       06/11/15          120       119       115.38
 Y       SFR          C          2
 402720519         2531479        3548 WISE AVENUE
 LONG BEACH                              CA         90810           15,000
    14,955.38       16.00        120,000       107,882        1,161
 96/07/18       16/07/15          240       235       102.40
 Y       SFR          C          2
 399425895         2531480        1523 PINE VALLEY CIRCL
 ROSEVILLE                               CA         95661           50,000
    49,965.90       14.49        167,582       141,000        2,158
 96/09/23       21/09/27          300       297       113.97
 Y       SFR          C          2
 399503696         2531481        37220 LITTLE SYCAMORE
 PALMDALE                                CA         93550           20,000
    19,936.74       14.50        100,000        97,295        1,282
 96/09/27       11/10/15          180       178       117.30
 Y       SFR          C          2
 397581259         2531482        15817 NORTHEAST 6TH CI
 VANCOUVER                               WA         98684           34,000
    33,961.65       13.99        129,000       111,174        1,472
 96/09/10       21/09/16          300       297       112.54
 Y       SFR          C          2
 397646384         2531483        1013 TRANSOM DRIVE
 LAS VEGAS                               NV         89128           50,000
    49,925.34       14.25        127,000       108,495        2,189
 96/09/14       16/10/07          240       238       124.80
 Y       SFR          C          2

 
 398329435         2531484        8 CARTEGENA
 ALISO VIEJO                             CA         92656           15,000
    14,896.74       13.75        199,000       180,214        2,998
 96/07/25       11/08/08          180       176        98.10
 Y       SFR          C          2
 396860076         2531485        144 ALMENDIO LANE
 HENDERSON                               NV         89014           32,850
    32,569.81       14.49        110,000        94,624        1,204
 96/03/22       16/04/10          240       232       115.89
 Y       SFR          C          2
 397021549         2531486        18509 MILMORE AVENUE
 CARSON                                  CA         90740           26,500
    26,353.39       15.49        190,800       170,763        1,679
 96/09/24       11/10/12          180       178       103.39
 Y       SFR          C          2
 397580629         2531487        6935 EAST MANTOVA STRE
 LONG BEACH                              CA         90815           28,000
    27,904.72       13.75        165,000       156,664        1,902
 96/09/19       11/10/15          180       178       111.92
 Y       SFR          C          2
 395721887         2531488        15798 PLACIDA ROAD
 VICTORVILLE                             CA         92392           33,000
    32,686.89       14.75        105,000        77,144        1,414
 96/06/15       11/07/01          180       175       104.90
 Y       SFR          C          2
 396480849         2531489        6109 WIGMORE LANE UNIT
 ALEXANDRIA                              VA         22315           29,600
    29,559.93       16.00        135,036       125,000        2,077
 96/10/29       11/11/04          180       179       114.49
 Y       COND         C          2
 396603493         2531490        805 SOUTHEAST 95TH AVE
 VANCOUVER                               WA         98664           35,000
    34,877.55       14.99        156,000       140,312        3,255
 96/07/19       21/08/01          300       296       112.38
 Y       SFR          C          2
 394562282         2531491        29581 WAPITI COURT
 TEHACHAPI                               CA         93561           27,000
    26,968.04       13.75        110,000        96,433        1,196
 96/08/03       21/09/01          300       297       112.21
 Y       SFR          C          2
 395629698         2531492        4450 PRONGHORN WAY
 ANTIOCH                                 CA         94509           60,000
    59,964.46       15.25        222,000       217,358        4,495
 96/08/02       21/10/18          300       298       124.94
 Y       SFR          C          2
 395681704         2531493        5418 SILVERHEART AVENU
 LAS VEGAS                               NV         89122           50,000
    49,908.76       15.75        122,000       100,005        2,552
 96/08/06       16/09/01          240       237       122.95
 Y       SFR          C          2
 392362804         2531494        8030 KING KELLY DRIVE
 EL CAJON                                CA         92021           50,000
    49,849.31       14.99        162,000       141,727        1,920
 96/10/08       11/10/12          180       178       118.35
 Y       SFR          C          2
 392828631         2531495        517 SEARS AVENUE
 SAN DIEGO                               CA         92114           32,300
    32,273.94       15.75        111,000       103,942        1,725
 96/10/09       21/11/27          300       299       122.74
 Y       SFR          C          2
 393729625         2531496        2702 E. BRILL STREET
 PHOENIX                                 AZ         85008           11,000
    10,951.21       15.25         55,000        40,624          798
 96/08/14       11/08/20          180       176        93.86
 Y       SFR          C          2
 391488846         2531497        300 PALO VERDE DRIVE
 HENDERSON                               NV         89015           30,100
    30,037.49       13.99        102,000        92,315        1,526
 96/10/09       21/10/14          300       298       120.01
 Y       SFR          C          2

 
 391666222         2531498        15135 CAMPHOR WAY
 LAKE ELSINORE                           CA         92530           34,300
    34,213.17       14.25        136,000       129,083        2,843
 96/08/31       16/10/01          240       238       120.13
 Y       SFR          C          2
 390745028         2531499        4203 ESPERANZA WAY
 OCEANSIDE                               CA         92056           30,000
    29,449.24       13.75        131,100       130,830        1,874
 96/08/06       21/08/27          300       296       122.68
 Y       SFR          C          2
 391469428         2531501        663 WEST PORTOBELLO AV
 MESA                                    AZ         85210           30,000
    29,404.78       15.49         90,000        75,107        2,034
 96/08/31       16/09/09          240       237       116.79
 Y       SFR          C          2
 389744490         2531502        1532 GRAHAM LANE
 CERES                                   CA         95307           32,000
    31,898.81       14.50        123,600       109,616        1,413
 96/09/12       11/10/03          180       178       114.58
 Y       SFR          C          2
 390645497         2531504        354 JIMNO AVENUE
 PITTSBURG                               CA         94565           24,000
    23,287.99       14.99         87,950        85,633        1,455
 96/05/21       11/05/28          180       173       124.65
 Y       SFR          C          2
 389564749         2531505        13402 60TH DRIVE SE
 EVERETT                                 WA         98208           40,000
    39,294.79       14.75        146,000       132,195        1,890
 96/08/02       21/08/08          300       296       117.94
 Y       SFR          C          2
 389622545         2531506        12148 VISTA CREST DRIV
 YUCAIPA                                 CA         92399           31,400
    31,188.14       13.99        215,000       200,879        2,423
 96/09/09       11/09/13          180       177       108.04
 Y       SFR          C          2
 387426814         2531507        27609 FAWNSKIN DRIVE
 RANCHO PALOS VERDES                     CA         90274           40,000
    39,722.22       14.99        355,000       338,366        4,380
 96/05/24       16/06/04          240       234       106.58
 Y       SFR          C          2
 388562174         2531508        2211 NORTHWEST 141ST S
 VANCOUVER                               WA         98685           12,000
    11,993.52       15.75        165,000       150,650        1,612
 96/10/07       21/10/17          300       298        98.58
 Y       SFR          C          2
 388703012         2531509        482 ORIZABA AVENUE
 SAN FRANCISCO                           CA         94132           50,000
    49,967.48       14.75        184,000       173,839        2,686
 96/07/23       21/09/27          300       297       121.65
 Y       SFR          C          2
 384246853         2531510        9537 HUNT SQUARE COURT
 SPRINGFIELD                             VA         22153           60,000
    59,927.49       15.75        175,000       130,000        2,045
 96/10/25       16/11/05          240       239       108.57
 Y       SFR          C          2
 384448535         2531511        4654 BRISA DRIVE
 PALMDALE                                CA         93551           75,000
    75,000.00       13.75        229,500       157,496        3,039
 96/11/08       16/12/15          240       240       101.31
 Y       SFR          C          2
 386500053         2531512        380 WEST 13TH STREET
 SAN BERNARDINO                          CA         92405           25,000
    24,960.48       13.75         42,000        25,686          605
 96/07/31       21/08/14          300       296       120.68
 Y       SFR          C          2
 383723866         2531513        2311 PALM AVENUE
 MANHATTAN BEACH                         CA         90266           75,000
    74,684.80       13.75        863,000       678,000        7,073
 96/09/25       11/10/01          180       178        87.25
 Y       SFR          C          2

 
 383782335         2531514        700 SHOBERT STREET
 RIDGEFIELD                              WA         98642           15,000
    14,996.82       16.99        106,000        88,305          970
 96/10/17       21/11/01          300       299        97.46
 Y       SFR          C          2
 383846235         2531515        5540 WHITE CAP STREET
 LAS VEGAS                               NV         89110           20,000
    19,848.28       13.49        105,000        99,869        1,073
 96/07/24       16/08/01          240       236       114.16
 Y       SFR          C          2
 382722473         2531516        4425 MAPLE DRIVE
 OCEANSIDE                               CA         92056           42,000
    41,904.81       14.25        147,000       141,495        2,141
 96/06/19       21/07/01          300       295       124.83
 Y       SFR          C          2
 383580493         2531517        2026 COVINGTON AVENUE
 SIMI VALLEY                             CA         93065           47,900
    47,818.85       13.75        150,000       139,580        2,260
 96/10/21       11/11/07          180       179       124.99
 Y       SFR          C          2
 383582510         2531518        18 ANACAPA COURT
 FOOTHILL RANCH                          CA         92610           25,000
    24,836.32       13.49        152,776       145,505        2,553
 96/09/10       16/09/16          240       237       111.60
 Y       SFR          C          2
 381701794         2531519        8336 CLASSIC VILLA COU
 LAS VEGAS                               NV         89123           40,000
    39,939.92       15.75        150,000       123,065        2,543
 96/08/26       21/09/15          300       297       108.71
 Y       SFR          C          2
 382644452         2531520        4611 MASEFIELD PLACE
 SARASOTA                                FL         34241           36,750
    36,587.06       15.25        157,000       147,000        2,057
 96/08/12       11/09/01          180       177       117.04
 Y       SFR          C          2
 381502316         2531521        24412 LISA KELTON PLAC
 NEWHALL                                 CA         91321           38,000
    37,750.72       14.25        191,250       176,890        3,021
 96/07/03       11/07/22          180       175       112.36
 Y       SFR          C          2
 380509322         2531523        106 ALDER LANE NORTH
 PACIFIC                                 WA         98047           44,000
    43,944.58       14.99        112,000        96,000        1,707
 96/08/02       21/08/07          300       296       125.00
 Y       SFR          C          2
 3807229031        2531524        1949 WEST 65TH STREET
 LOS ANGELES                             CA         90047           30,000
    30,000.00       14.50        122,000       120,909        4,284
 96/10/01       16/12/03          240       240       123.70
 Y       SFR          C          2
 3808434271        2531525        56707 DESERT GOLD DRIV
 YUCCA VALLEY                            CA         92284           24,000
    24,000.00       14.25         85,000        75,953        1,495
 96/11/25       16/12/15          240       240       117.59
 Y       SFR          C          2
 379483174         2531526        1630 SOUTH BENTLEY AVE
 LOS ANGELES                             CA         90025           35,600
    35,600.00       13.75        250,000       198,273        3,282
 96/11/25       21/12/20          300       300        93.55
 Y       COND         C          2
 379705424         2531527        2653 W. KNOX
 CHANDLER                                AZ         85224           30,000
    29,614.83       14.99        102,000        92,566        1,423
 96/05/22       11/06/01          180       174       120.16
 Y       SFR          C          2
 379905154         2531528        4021 ALTURA DRIVE
 OCEANSIDE                               CA         92056           30,000
    29,752.55       14.25        125,000       115,759        1,501
 96/07/11       11/08/01          180       176       116.61
 Y       SFR          C          2

 
 377660511         2531529        1485 ROBERTS STREET
 RENO                                    NV         89502           50,000
    49,950.92       14.75        120,000        94,496        1,484
 96/08/11       21/09/04          300       297       120.41
 Y       SFR          C          2
 377706163         2531530        927 ANDERSON WOOD WAY
 RIO LINDA                               CA         95673           17,500
    17,480.52       13.25        196,900       101,000        1,188
 96/10/24       21/11/05          300       299        60.18
 Y       SFR          C          2
 379365089         2531531        4485 OUTRIGGER CIRCLE
 HUNTINGTON BEACH                        CA         92649           38,500
    38,410.06       13.99        175,000       137,730        2,319
 96/09/04       16/09/11          240       237       100.70
 Y       SFR          C          2
 376801830         2531532        1083 WEST ORCHID LANE
 CHANDLER                                AZ         85224           31,600
    31,509.36       15.49        103,000        77,761        1,532
 96/09/27       11/10/03          180       178       106.18
 Y       SFR          C          2
 376864387         2531533        1464 WEST LAKE PLACID
 SAN BERNARDINO                          CA         92407           36,500
    36,312.62       13.75        130,000       119,626        1,949
 96/08/27       11/09/15          180       177       120.10
 Y       SFR          C          2
 376928742         2531534        7632 VAN MAREN LANE
 CITRUS HEIGHTS                          CA         95621           14,000
    13,817.42       12.99        100,000        75,435          911
 96/06/14       11/06/26          180       174        89.44
 Y       SFR          C          2
 376304325         2531535        833 BRIDAL VEIL WAY
 LAS VEGAS                               NV         89030           25,000
    24,983.14       16.75        139,000       119,000        1,986
 96/08/23       21/09/01          300       297       103.60
 Y       SFR          C          2
 376449455         2531536        879 ROMA STREET
 LIVERMORE                               CA         94550           62,000
    61,787.92       15.25        340,000       307,306        3,523
 96/10/26       16/11/08          240       239       108.62
 Y       SFR          C          2
 376649985         2531537        8698 PARK RUN ROAD
 SAN DIEGO                               CA         92129           25,000
    24,915.43       14.99        195,000       186,000        1,861
 96/08/21       21/09/28          300       297       108.21
 Y       SFR          C          2
 374326469         2531538        7973 DORINDA AVENUE
 LAS VEGAS                               NV         89117           25,000
    24,927.03       14.50         97,500        96,541        1,046
 96/07/23       16/08/01          240       236       124.66
 Y       SFR          C          2
 375668013         2531539        44256 HALCOM AVENUE
 LANCASTER                               CA         93536           30,000
    29,779.36       14.49        125,000       118,582        2,246
 96/07/28       16/08/01          240       236       118.87
 Y       SFR          C          2
 372779460         2531540        2782 15TH STREET
 SAN PABLO                               CA         94806           35,000
    34,981.13       15.75        130,000       122,100        2,638
 96/10/26       21/11/05          300       299       120.85
 Y       SFR          C          2
 373421030         2531541        1415 STONEHOUSE STREET
 LAS VEGAS                               NV         89110           45,000
    44,907.89       14.75        165,000       140,266        1,649
 96/08/20       21/09/01          300       297       112.28
 Y       SFR          C          2
 373683214         2531542        2819 BIXLEY HILL COURT
 WOODBRIDGE                              VA         22191           58,000
    57,952.77       15.75        240,000       223,000        3,035
 96/08/19       21/09/03          300       297       117.08
 Y       SFR          C          2

 
 372361193         2531543        13281 NORTH 56TH AVENU
 GLENDALE                                AZ         85304           40,000
    39,748.57       14.49         87,000        68,733        1,943
 96/04/08       16/04/15          240       232       124.98
 Y       SFR          C          2
 372362620         2531544        6721 HAMMOND WAY
 BAKERSFIELD                             CA         93307           25,600
    25,546.21       14.75         91,000        86,494          894
 96/07/17       16/09/12          240       237       123.18
 Y       SFR          C          2
 372381171         2531545        6870 SADDLEBACK PLACE
 ALTA LOMA                               CA         91701           35,000
    34,759.06       13.75        145,000       134,334        1,199
 96/07/26       11/08/06          180       176       116.78
 Y       SFR          C          2
 370743428         2531546        701 MINNESOTA STREET #
 SAN FRANCISCO                           CA         94107           50,000
    49,887.34       14.25        298,000       248,567        3,738
 96/07/10       16/09/10          240       237       100.19
 Y       COND         C          2
 371427285         2531547        4361 ALAMO STREET
 SIMI VALLEY                             CA         93063           75,000
    74,603.12       14.25        155,000       110,193        2,734
 96/09/11       11/09/19          180       177       119.48
 Y       COND         C          2
 371643485         2531548        1405 VEGAS VALLEY DRIV
 LAS VEGAS                               NV         89109           17,000
    16,744.46       14.75         46,000        38,066        1,069
 96/08/10       06/08/14          120       116       119.71
 Y       COND         C          2
 369767263         2531549        2750 COREY ROAD
 CENTRAL POINT                           OR         97502           25,000
    24,841.70       13.99         89,000        65,798        1,103
 96/06/19       16/07/24          240       235       102.02
 Y       SFR          C          2
 370423886         2531550        4112 LAKE BOULEVARD
 OCEANSIDE                               CA         92056           29,700
    29,657.16       14.25        127,000       129,049        1,928
 96/07/09       21/08/02          300       296       125.00
 Y       SFR          C          2
 370627858         2531551        708 BOWERS WAY
 WHEATLAND                               CA         95692           37,000
    36,970.56       13.75        140,000       114,187        1,507
 96/09/26       16/10/18          240       238       107.99
 Y       SFR          C          2
 368828203         2531552        152 HORIZON VIEW DRIVE
 HENDERSON                               NV         89015           35,000
    34,951.76       14.50        127,000       117,000        2,610
 96/08/20       21/08/26          300       296       119.69
 Y       SFR          C          2
 369582656         2531553        12400 KITCHING STREET
 MORENO VALLEY                           CA         92557           38,500
    38,472.56       14.25        115,000       101,250        1,588
 96/10/02       21/10/22          300       298       121.52
 Y       SFR          C          2
 369764261         2531554        632 EXCELSIOR ROAD
 PLACERVILLE                             CA         95667           32,100
    32,079.11       14.75        123,900       122,722        1,855
 96/10/07       21/10/15          300       298       124.96
 Y       SFR          C          2
 368361694         2531555        3322 CHELTENHAM STREET
 LAS VEGAS                               NV         89129           28,000
    27,984.18       15.50        123,000       115,143        1,537
 96/10/04       21/10/08          300       298       116.38
 Y       SFR          C          2
 368561952         2531556        6931 80TH AVENUE
 PINELLAS PARK                           FL         34665           27,695
    27,577.97       15.75         53,000        38,555          811
 96/08/05       11/09/01          180       177       125.00
 Y       SFR          C          2

 
 368568991         2531557        1506 INDIAN SUMMER COU
 SAN MARCOS                              CA         92069           25,000
    24,919.06       13.75        150,000       121,924        1,383
 96/08/08       16/08/15          240       236        97.95
 Y       SFR          C          2
 365828512         2531558        3175 NORTH 22ND EAST
 MOUNTAIN HOME                           ID         83647           35,000
    34,470.01       13.25        135,000       125,000        1,661
 96/10/25       11/11/16          180       179       118.52
 Y       SFR          C          2
 366388599         2531559        16487 MAIN STREET
 LA PUENTE                               CA         91744           25,000
    24,941.66       14.00         92,647        62,665        1,085
 96/08/20       16/09/17          240       237        94.62
 Y       SFR          C          2
 367748792         2531560        94 I STREET
 CHULA VISTA                             CA         91910           22,000
    21,905.61       14.25        131,310       131,074        1,444
 96/08/01       21/08/27          300       296       116.57
 Y       SFR          C          2
 364806918         2531561        929 CELEBRATION DRIVE
 LAS VEGAS                               NV         89123           50,000
    49,948.85       14.99        135,000       112,312        1,993
 96/09/27       21/10/10          300       298       120.23
 Y       SFR          C          2
 364940439         2531562        140 NUTLEAF COURT
 NORTH LAS VEGAS                         NV         89031           15,000
    14,890.02       14.49        114,373       117,442        1,651
 96/05/23       11/06/01          180       174       115.80
 Y       SFR          C          2
 365666842         2531563        2819 E. WELDON AVENUE
 PHOENIX                                 AZ         85016           13,150
    13,023.95       14.99        155,000       116,750        2,008
 96/05/23       11/06/01          180       174        83.81
 Y       SFR          C          2
 363861164         2531564        3223 LONE CANYON COURT
 NORTH LAS VEGAS                         NV         89031           25,000
    24,971.29       15.49         90,000        85,797        1,528
 96/08/16       21/08/28          300       296       123.11
 Y       SFR          C          2
 364668968         2531565        4185 SOUTHWEST 205TH A
 ALOHA                                   OR         97007           48,000
    47,863.80       15.25        120,000       102,000        1,673
 96/07/22       21/08/01          300       296       125.00
 Y       SFR          C          2
 363483747         2531566        4767 WESTBURY ROAD
 LAS VEGAS                               NV         89121           40,000
    39,750.90       14.99        134,500       116,586        2,243
 96/04/15       16/04/24          240       232       116.42
 Y       SFR          C          2
 363502810         2531567        1 WINDSTAR
 ALISA VIEJOJ                            CA         92656           75,000
    74,941.42       13.75        240,000       223,871        3,301
 96/09/24       21/10/09          300       298       124.53
 Y       SFR          C          2
 363543508         2531568        42070 TEATREE COURT
 TEMECULA                                CA         92591           24,122
    23,782.36       14.99         92,500        91,503        1,748
 96/05/16       11/05/28          180       173       125.00
 Y       SFR          C          2
 361383738         2531569        943 SHADOW CREEK DRIVE
 STOCKTON                                CA         95209           40,000
    39,712.53       14.75        150,000       131,031        1,758
 96/08/01       11/08/08          180       176       114.02
 Y       SFR          C          2
 362660392         2531570        1137 MAGNOLIA COURT
 TEHACHAPI                               CA         93561           25,000
    24,926.04       16.00        120,000       113,313        1,219
 96/10/14       21/10/18          300       298       115.26
 Y       SFR          C          2

 
 360765337         2531572        115-11 210TH STREET
 CAMBRIA HEIGHTS                         NY         11411           26,500
    26,362.12       14.60        168,000       132,616        2,474
 96/10/10       08/10/16          144       142        94.71
 Y       SFR          C          2
 361244795         2531573        9517 FOULKS RANCH DRIV
 ELK GROVE                               CA         95758           35,300
    35,149.03       15.49        135,000       133,241        2,352
 96/06/27       16/07/08          240       235       124.85
 Y       SFR          C          2
 359345213         2531574        120 ROSEWOOD AVENUE
 CATONSVILLE                             MD         21228           23,800
    23,552.66       16.00        176,000       169,028        2,358
 96/09/26       06/09/18          120       117       109.56
 Y       SFR          C          2
 359405651         2531575        2730 EAST PALADIN AVEN
 ANAHEIM                                 CA         92806           27,000
    26,850.44       13.25        209,000       186,914        2,591
 96/09/03       16/09/19          240       237       102.35
 Y       SFR          C          2
 360628785         2531576        13082 OLD WEST AVENUE
 SAN DIEGO                               CA         92129           60,000
    59,983.15       15.50        182,900       165,522        2,726
 96/10/17       21/11/04          300       299       123.30
 Y       SFR          C          2
 356502136         2531577        1457 GRANDVIEW ROAD
 ARNOLD                                  MD         21012           54,000
    53,628.40       16.00        163,000       126,000        2,499
 96/10/10       06/10/16          120       118       110.43
 Y       SFR          C          2
 357183555         2531578        1218 JUNCTION DRIVE
 SPARKS                                  NV         89434           49,061
    49,029.11       14.75        118,000        98,439        1,585
 96/09/12       21/10/04          300       298       125.00
 Y       SFR          C          2
 358465799         2531579        5245 ANDOVER CIRCLE
 LAS VEGAS                               NV         89122           35,000
    34,781.32       14.75        105,000        94,759        1,549
 96/08/21       11/08/26          180       176       123.58
 Y       SFR          C          2
 3546455891        2531581        14908 BURIN AVENUE
 LAWNDALE                                CA         90260           50,000
    49,536.17       14.75        155,000       143,619        2,211
 96/07/26       16/08/01          240       236       124.92
 Y       SFR          C          2
 356487230         2531582        1072 N BURL AVENUE
 CLOVIS                                  CA         93611           26,233
    26,060.92       14.25        136,900       134,663        1,840
 96/07/09       11/08/09          180       176       117.53
 Y       SFR          C          2
 352445220         2531583        22296 CREST FOREST DRI
 CEDAR PINES PARK                        CA         92322           40,000
    39,711.13       13.25        185,000       144,833        2,416
 96/07/11       11/08/01          180       176        99.91
 Y       SFR          C          2
 352682201         2531584        501 SOUTH CHURCH AVENU
 RIALTO                                  CA         92376           46,700
    46,544.97       13.75        132,000       118,253        1,690
 96/08/30       21/09/12          300       297       124.96
 Y       SFR          C          2
 353462855         2531585        37631 HARVEY STREET
 PALMDALE                                CA         93550           22,000
    21,937.98       14.75         92,000        86,800        1,733
 96/07/17       16/08/01          240       236       118.26
 Y       SFR          C          2
 351588666         2531586        7181 KENSINGTON DRIVE
 BUENA PARK                              CA         90621           40,000
    39,876.58       14.75        280,000       239,392        2,400
 96/09/20       11/10/02          180       178        99.78
 Y       SFR          C          2

 
 352406946         2531587        10219 NORTHRIDGE DRIVE
 RANCHO CUCAMONGA                        CA         91737           40,000
    39,626.90       15.49        235,633       205,158        7,159
 96/04/24       16/05/01          240       233       104.04
 Y       SFR          C          2
 351445965         2531588        13390 SOUTHWEST 6TH ST
 BEAVERTON                               OR         97005           38,000
    37,917.84       14.50        140,250       130,011        1,885
 96/10/16       21/10/23          300       298       119.79
 Y       SFR          C          2
 351446837         2531589        3942 ROSE CANYON ROAD
 NORTH LAS VEGAS                         NV         89030           19,000
    18,990.21       15.99        106,335       104,940        1,332
 96/10/11       21/10/17          300       298       116.56
 Y       SFR          C          2
 350607222         2531590        9928 VIA FRANCIS
 SANTEE                                  CA         92071           23,000
    22,560.74       14.49        171,000       174,903        2,148
 96/04/10       16/04/17          240       232       115.73
 Y       SFR          C          2
 350607331         2531591        2612 VIA MASADA
 CARLSBAD                                CA         92008           25,000
    24,968.51       14.99        130,000       126,092        1,748
 96/08/10       21/09/15          300       297       116.22
 Y       SFR          C          2
 351400356         2531592        2451 N. EL CAPITAN AVE
 FRESNO                                  CA         93722           30,000
    29,550.42       14.48        105,850       102,262        2,078
 96/04/26       16/05/07          240       233       124.95
 Y       SFR          C          2
 348661487         2531593        6031 SAN YSIDRO CIRCLE
 BUENA PARK                              CA         90620           42,500
    42,021.11       14.25        188,000       185,538        2,045
 96/06/07       11/06/15          180       174       121.30
 Y       SFR          C          2
 349686482         2531594        5140 HEREFORD WAY
 ANTIOCH                                 CA         94509           40,000
    39,809.10       14.50        156,000       148,877        1,718
 96/08/18       11/10/08          180       178       121.08
 Y       SFR          C          2
 350504165         2531595        4361 PIONEER STREET
 IRVINE                                  CA         92714           23,760
    23,716.64       15.25        215,000       193,500        1,543
 96/07/22       21/08/01          300       296       101.05
 Y       SFR          C          2
 347800188         2531596        14344 SEAFORTH AVENUE
 NORWALK                                 CA         90650           36,000
    35,891.20       14.25        140,250       138,000        2,401
 96/08/26       16/09/19          240       237       124.06
 Y       SFR          C          2
 348444265         2531597        1060 ALEJO ROAD
 PALM SPRINGS                            CA         92262           60,000
    59,823.43       13.49        257,831       184,786        2,716
 96/10/04       21/10/12          300       298        94.94
 Y       SFR          C          2
 348501390         2531598        6727 N. 79TH DRIVE
 GLENDALE                                AZ         85303           24,100
    24,030.88       15.49         95,000        94,567        2,128
 96/10/17       11/10/23          180       178       124.91
 Y       SFR          C          2
 345546226         2531599        2105 NORTH GLENNFIELD
 MERIDIAN                                ID         83642           36,500
    35,643.02       13.25        137,500       124,800        1,738
 96/10/24       21/11/08          300       299       117.31
 Y       SFR          C          2
 346406390         2531600        929 APPLING AVENUE
 PLACENTIA                               CA         92870           65,200
    65,179.89       15.00        202,182       168,700        1,125
 96/09/23       21/11/01          300       299       115.69
 Y       SFR          C          2

 
 347383151         2531601        6395 RUSTIC HILLS DRIV
 ROCKLIN                                 CA         95677           50,000
    50,000.00       14.25        182,000       134,329        3,792
 96/10/02       11/11/19          180       180       101.28
 Y       SFR          C          2
 344428856         2531602        1850 ROBINSON DRIVE NO
 ST. PETERSBURG                          FL         33716           26,675
    26,586.34       13.99         75,000        66,808        1,255
 96/09/25       11/10/01          180       178       124.64
 Y       SFR          C          2
 345525593         2531603        3120 EAST AVENUE K-4
 LANCASTER                               CA         93535           25,000
    24,395.14       13.75        142,171       141,088        2,639
 96/05/21       06/06/07          120       114       116.82
 Y       SFR          C          2
 343561423         2531604        11848 BORNITE AVENUE
 HESPERIA                                CA         92345           40,000
    39,984.46       13.75        125,000       115,662        3,121
 96/11/01       21/11/15          300       299       124.53
 Y       SFR          C          2
 3436243771        2531605        22076 RAYEN STREET
 WEST HILLS AREA                         CA         91304           50,000
    49,960.93       13.75        212,000       188,641        5,001
 96/09/25       21/10/09          300       298       112.57
 Y       SFR          C          2
 344265989         2531606        5536 AZURE WAY
 LONG BEACH                              CA         90803           45,000
    44,891.32       13.75        400,000       390,662        4,102
 96/09/03       16/09/27          240       237       108.92
 Y       SFR          C          2
 342585414         2531607        1626 OWEN AVENUE
 PORT ANGELES                            WA         98363           60,000
    59,946.35       15.25        122,000        89,724        2,126
 96/09/21       21/09/27          300       297       122.72
 Y       SFR          C          2
 342625391         2531608        879 S. UNIVERSITY PARK
 RENO                                    NV         89512           23,000
    22,890.29       14.49        156,000       132,266        2,240
 96/07/09       11/08/15          180       176        99.53
 Y       SFR          C          2
 340566410         2531609        731 NORTH GROVETON AVE
 SAN DIMAS                               CA         91773           50,000
    49,950.92       14.75        154,500       142,768        2,470
 96/09/11       21/09/27          300       297       124.77
 Y       SFR          C          2
 341429065         2531610        726 PAMPLONA AVENUE
 DAVIS                                   CA         95616           72,000
    71,934.79       15.25        242,000       216,046        3,241
 96/08/07       21/08/13          300       296       119.03
 Y       SFR          C          2
 341629711         2531611        3397 MILLCREST PLACE
 JACKSONVILLE                            FL         32277           25,000
    24,982.28       14.99         94,600        93,135        1,519
 96/10/10       21/11/01          300       299       124.88
 Y       SFR          C          2
 337701360         2531612        773 10TH COURT
 LAFAYETTE                               OR         97127           30,000
    29,979.58       14.50        150,000       143,000        1,891
 96/10/15       21/10/22          300       298       115.33
 Y       SFR          C          2
 339449668         2531613        6644 SILVERSTREAM AVEN
 LAS VEGAS                               NV         89107           36,500
    35,817.46       13.49        110,000       100,918        1,951
 96/08/16       21/08/23          300       296       124.93
 Y       SFR          C          2
 340560227         2531614        4136 FAIRPORT DRIVE
 NORTH LAS VEGAS                         NV         89030           40,000
    39,927.47       12.99        112,000        97,107        1,163
 96/08/14       21/08/21          300       296       122.42
 Y       SFR          C          2

 
 337368321         2531615        7266 GOLDEN STAR AVENU
 LAS VEGAS                               NV         89130           20,000
    19,854.08       15.99        114,000       113,627        1,768
 96/07/08       16/07/15          240       235       117.22
 Y       SFR          C          2
 337581792         2531616        1770 XIMENO AVENUE #20
 LONG BEACH                              CA         90815           26,410
    26,409.71       14.25        130,000       117,262        1,501
 96/11/17       16/12/25          240       240       110.52
 Y       COND         C          2
 337669779         2531617        8341 KEENAN COURT
 SACRAMENTO                              CA         95828           30,000
    29,976.12       13.75        141,000       140,000        2,353
 96/10/24       16/11/20          240       239       120.57
 Y       SFR          C          2
 334848295         2531618        7378 SIENA COURT
 FONTANA                                 CA         92336           52,000
    51,733.10       13.75        165,000       150,000        2,116
 96/08/22       11/09/18          180       177       122.42
 Y       SFR          C          2
 335201776         2531619        1341 KIPLING COURT SOU
 SALEM                                   OR         97306           20,000
    19,995.57       16.75        141,000       145,034        1,551
 96/10/11       21/10/17          300       298       117.05
 Y       SFR          C          2
 336469321         2531620        124 BEARING LANE
 EL CAJON                                CA         92019           30,000
    29,902.79       14.25        175,000       153,179        2,686
 96/09/20       11/10/08          180       178       104.67
 Y       SFR          C          2
 333604394         2531621        4046 JASPER LOOP
 DUMFRIES                                VA         22026           33,000
    32,915.29       16.25        121,000       116,686        2,430
 96/07/27       16/08/21          240       236       123.71
 Y       SFR          C          2
 3336449411        2531622        9380 SISSON STREET
 LA MESA                                 CA         91942           40,000
    39,927.10       16.25        172,000       166,415        2,666
 96/08/06       21/08/15          300       296       120.01
 Y       SFR          C          2
 333648163         2531623        4070 SW 195TH COURT
 ALOHA                                   OR         97007           30,000
    29,954.70       14.00        145,000        95,168        1,309
 96/07/18       21/08/01          300       296        86.32
 Y       SFR          C          2
 332368363         2531624        22551 SAN VICENTE AVEN
 SAN JOSE                                CA         95120           50,000
    49,917.19       14.75        400,000       385,000        4,726
 96/07/10       21/08/01          300       296       108.75
 Y       SFR          C          2
 333466608         2531625        6038 LORELEI AVENUE
 LAKEWOOD                                CA         90712           25,000
    24,944.40       14.25        186,000       177,379        2,549
 96/07/29       21/08/12          300       296       108.81
 Y       SFR          C          2
 333468968         2531626        7116 GULFBREEZE CIRCLE
 HUDSON                                  FL         34667           12,700
    12,682.54       15.75         33,000        28,486          543
 96/08/12       21/09/01          300       297       124.81
 Y       SFR          C          2
 331466644         2531627        43110 11TH STREET
 LANCASTER                               CA         93535           28,000
    27,849.18       13.25        160,000       109,355        1,354
 96/09/03       11/09/19          180       177        85.85
 Y       SFR          C          2
 331500837         2531628        44030 MARIPOSA COURT
 LA QUINTA                               CA         92253           18,500
    18,451.44       14.25        145,000       142,737        1,553
 96/09/09       21/09/15          300       297       111.20
 Y       SFR          C          2

 
 332341606         2531629        733 HAWTHORNE PLACE
 POMONA                                  CA         91767           57,000
    56,180.95       13.75        110,000        66,640        2,559
 96/09/03       03/09/27           84        81       112.40
 Y       SFR          C          2
 329605273         2531630        6511 WINDPIPER LANE
 BAKERSFIELD                             CA         93313           17,000
    16,432.12       15.99        128,000       128,632        2,074
 96/09/09       01/10/01           60        58       113.78
 Y       SFR          C          2
 330500999         2531631        9315 CAMPHOR COURT
 MANASSAS                                VA         22110           50,000
    49,973.16       16.00        187,000       179,054        2,390
 96/10/03       21/10/22          300       298       122.49
 Y       SFR          C          2
 331342502         2531632        1264 E. EL DORADO AVEN
 REEDLEY                                 CA         93654           50,000
    49,980.59       13.75        103,750        62,374        1,615
 96/09/30       21/11/07          300       299       108.31
 Y       SFR          C          2
 328663638         2531633        1603 EAST SHEA DRIVE
 FRESNO                                  CA         93720           26,500
    26,402.72       14.50        112,623       109,560        2,288
 96/06/28       16/07/11          240       235       120.81
 Y       SFR          C          2
 329522645         2531634        5344 NORTH TYLER AVENU
 ARCADIA                                 CA         91006           25,000
    24,889.41       10.99        180,000       152,896        2,207
 96/10/10       11/10/21          180       178        98.83
 Y       SFR          C          2
 329525488         2531635        5029 SUNRISE FALLS COU
 NORTH LAS VEGAS                         NV         89031           30,500
    30,395.40       14.99        125,500       125,408        1,534
 96/05/09       16/05/22          240       233       124.23
 Y       SFR          C          2
 327461691         2531636        8463 PINELAKE DRIVE
 CANOGA PARK                             CA         91304           50,000
    49,939.57       15.75        267,000       221,168        2,627
 96/09/24       16/10/14          240       238       101.56
 Y       SFR          C          2
 327485891         2531637        2357 WEST 90TH AVENUE
 FEDERAL HEIGHTS                         CO         80221           25,000
    24,931.75       15.75         86,500        82,502        1,026
 96/06/03       16/08/01          240       236       124.28
 Y       SFR          C          2
 327624771         2531638        15721 RYON AVENUE
 BELLFLOWER                              CA         90706           25,000
    24,670.23       15.75        205,000       161,000        2,001
 96/06/26       11/07/09          180       175        90.73
 Y       SFR          C          2
 326423129         2531639        3837 NORTH SILVER TREE
 RIALTO                                  CA         92376           51,600
    51,567.92       14.99        170,000       160,805        2,640
 96/10/02       21/10/09          300       298       124.94
 Y       SFR          C          2
 326607418         2531640        503 KOSOAK ROAD
 BALTIMORE                               MD         21220           29,050
    29,031.83       15.50        115,000        85,896        2,389
 96/10/11       16/11/14          240       239        99.95
 Y       SFR          C          2
 327448540         2531641        316 SOUTH MIRALESTE DR
 SAN PEDRO                               CA         90732           19,000
    18,927.76       14.25        123,000       114,749        1,743
 96/11/09       06/12/02          120       120       108.74
 Y       COND         C          2
 3253620951        2531642        3610 GARDENIA AVENUE
 LONG BEACH                              CA         90807           30,000
    30,000.00       13.75        170,000       161,339        1,770
 96/11/11       11/12/15          180       180       112.55
 Y       SFR          C          2

 
 325600826         2531643        1826 E. ECKERMAN AVENU
 WEST COVINA                             CA         91791           38,000
    37,939.97       13.75        198,000       168,093        2,311
 96/08/07       21/08/28          300       296       104.09
 Y       SFR          C          2
 325665275         2531644        8434 MURIETTA AVENUE
 PANORAMA CITY                           CA         91402           23,000
    22,968.83       15.99        135,000       132,039        1,404
 96/08/26       11/10/16          180       178       114.84
 Y       SFR          C          2
 323345063         2531645        8334 45TH STREET
 LYONS                                   IL         60534           45,000
    44,969.38       14.50        100,000        75,261        1,516
 96/09/24       21/10/01          300       298       120.26
 Y       SFR          C          2
 323366059         2531646        527 SILVERBROOK DRIVE
 EL CAJON                                CA         92019           27,500
    27,270.06       14.49        116,000       112,258        1,342
 96/05/15       16/06/03          240       234       120.48
 Y       SFR          C          2
 324360792         2531647        4680 COMER HILL LANE
 LAS VEGAS                               NV         89121           22,000
    21,225.12       13.99        100,000        86,964        1,519
 96/10/02       01/10/06           60        58       108.96
 Y       SFR          C          2
 321422435         2531648        3683 LUCIDO DRIVE # 22
 LAS VEGAS                               NV         89103           11,600
    10,225.06       12.99         62,500        33,830          799
 96/08/23       16/08/27          240       236        72.69
 Y       SFR          C          2
 321622112         2531649        6164 ARLINGTON AVENUE
 LAS VEGAS                               NV         89107           35,000
    34,874.28       12.99        101,000        90,700        2,537
 96/08/12       16/08/16          240       236       124.46
 Y       SFR          C          2
 322443532         2531650        2816 SANDYFALLS WAY
 LAS VEGAS                               NV         89122           24,999
    24,906.99       17.75         82,000        77,015        1,127
 96/08/26       11/09/01          180       177       124.41
 Y       SFR          C          2
 318444602         2531651        26599 COLT DRIVE
 CORONA                                  CA         91719           21,000
    20,876.69       14.49        127,405       138,247        2,046
 96/04/09       16/04/15          240       232       124.99
 Y       SFR          C          2
 319525912         2531652        2522 CLAIREMONT DRIVE
 SAN DIEGO                               CA         92117           35,000
    34,988.69       14.75        130,000        96,487        1,413
 96/11/06       21/11/20          300       299       101.14
 Y       COND         C          2
 320424629         2531653        15031 HIAWATHA STREET
 MISSION HILLS                           CA         91345           40,000
    39,968.83       15.99        240,000       194,661        2,889
 96/09/03       21/09/09          300       297        97.78
 Y       SFR          C          2
 3175466011        2531654        23811 GOLDRUSH DRIVE
 DIAMOND BAR                             CA         91765           75,000
    74,483.71       13.75        340,000       317,538        3,686
 96/06/17       11/08/02          180       176       115.45
 Y       SFR          C          2
 317629316         2531655        1625 NW SPIRIT COURT E
 SILVERDALE                              WA         98383           47,000
    46,924.23       14.25        125,000       108,789        1,879
 96/06/24       21/08/01          300       296       124.63
 Y       SFR          C          2
 318420325         2531656        1651 SUNRISE VIEW DRIV
 LAS VEGAS                               NV         89115           30,000
    29,397.65       14.49        130,000       126,000        1,758
 96/04/23       16/05/07          240       233       120.00
 Y       SFR          C          2

 
 316484872         2531657        1200 E. FLINT
 CHANDLER                                AZ         85225           27,000
    25,844.83       14.99        112,000       108,737        1,654
 96/06/11       16/06/18          240       234       121.19
 Y       SFR          C          2
 316645227         2531658        15485 LITTLE BEAVER ST
 VICTORVILLE                             CA         92392           36,000
    35,818.88       15.49        104,000        93,425        1,688
 96/05/23       16/06/06          240       234       124.45
 Y       SFR          C          2
 317489995         2531659        14903 YOLONDA LANE
 MANANNASS                               VA         20112           65,250
    65,038.54       14.25        165,000       141,000        2,910
 96/10/10       11/10/23          180       178       125.00
 Y       SFR          C          2
 313464055         2531660        2831 GERTRUDE STREET
 RIVERSIDE                               CA         92506           36,900
    36,691.42       14.75        110,000       100,524        2,975
 96/07/27       21/08/09          300       296       124.93
 Y       SFR          C          2
 314525765         2531661        4474 SUNNYCREST DRIVE
 LOS ANGELES                             CA         90044           32,000
    31,972.61       13.25        220,000       180,798        2,243
 96/09/25       21/10/08          300       298        96.73
 Y       SFR          C          2
 315424624         2531662        27041 ROCK BLUFF AVENU
 TEMECULA                                CA         92591           25,000
    24,942.66       14.00        117,000       104,856        1,498
 96/06/18       21/07/05          300       295       110.99
 Y       SFR          C          2
 312483104         2531663        3517 CHAUNCEY ROAD
 OCEANSIDE                               CA         92056           40,000
    39,585.66       14.49        160,000       157,000        3,131
 96/06/07       16/05/14          240       233       123.13
 Y       SFR          C          2
 312527651         2531664        6902 GOLDCREST STREET
 LONG BEACH                              CA         90815           49,000
    49,000.00       16.00        205,000       176,434        2,172
 96/11/06       21/11/27          300       300       109.97
 Y       SFR          C          2
 313328595         2531665        3945 RHODA AVENUE
 OAKLAND                                 CA         94602           50,000
    49,837.96       14.25        240,000         7,282        2,326
 96/10/03       11/10/15          180       178        23.87
 Y       SFR          C          2
 309808268         2531666        2410 NORTH LINDER ROAD
 MERIDIAN                                ID         83642           30,000
    29,983.03       15.50         90,000        73,254          979
 96/10/11       21/10/17          300       298       114.73
 Y       SFR          C          2
 310806119         2531667        1432 EAST 30TH STREET
 TACOMA                                  WA         98404           15,000
    14,845.08       14.99         70,000        67,554          891
 96/05/03       11/05/09          180       173       117.93
 Y       SFR          C          2
 311500786         2531668        6013 N. 27TH STREET
 ARLINGTON                               VA         22207           68,000
    67,984.19       16.50        255,000       250,000        4,409
 96/10/19       21/11/01          300       299       124.71
 Y       SFR          C          2
 309260407         2531669        5992 ANNMILLIE AVENUE
 LAS VEGAS                               NV         89122           25,000
    24,937.50       13.50        112,000       108,000        1,297
 96/08/26       16/09/01          240       237       118.75
 Y       SFR          C          2
 309587213         2531670        14 HEADLAND PLACE
 ALISO VIEJO                             CA         92656           30,000
    29,909.33       14.25        129,770       125,450        1,578
 96/07/20       16/08/16          240       236       119.79
 Y       COND         C          2

 
 309669957         2531671        4441 LAZY LANE
 SAN JOSE                                CA         95135           75,000
    74,901.31       14.75        365,000       291,107        4,214
 96/08/07       21/08/16          300       296       100.30
 Y       SFR          C          2
 307768530         2531672        27630 ONYX LANE
 CASTAIC                                 CA         91384           33,000
    32,978.13       13.75        157,750       130,642        1,641
 96/10/23       21/11/15          300       299       103.74
 Y       SFR          C          2
 308542108         2531673        14037 NE 181ST STREET
 WOODINVILLE                             WA         98072           19,700
    19,636.64       14.50        122,500       102,495        1,596
 96/07/05       16/08/01          240       236        99.75
 Y       SFR          C          2
 309249684         2531674        550 ORTEGA AVENUE #A-1
 MOUNTAIN VIEW                           CA         94040           35,800
    35,743.39       13.75        175,000       175,673        2,362
 96/07/03       21/08/01          300       296       120.84
 Y       COND         C          2
 305809340         2531675        30 CAMEO DRIVE
 ALISO VIEJO                             CA         92656           38,200
    38,001.59       14.49        226,005       213,621        2,604
 96/06/03       16/06/12          240       234       111.42
 Y       SFR          C          2
 306464427         2531676        17472 RANCHO DEL RIO
 RANCHO SANTA FE                         CA         92067           75,000
    74,895.58       14.75        640,000       492,000       10,166
 96/09/17       16/09/25          240       237        88.59
 Y       SFR          C          2
 306683508         2531677        2854 FIRLAND STREET S.
 TUMWATER                                WA         98512           37,600
    37,583.21       16.75        127,000       120,857        1,791
 96/10/07       21/10/16          300       298       124.77
 Y       SFR          C          2
 305663660         2531678        26062 ANACAPA STREET
 LAGUNA HILLS                            CA         92653           47,000
    46,854.53       14.75        280,000       244,514        3,320
 96/10/15       11/10/21          180       178       104.11
 Y       SFR          C          2
 305684330         2531679        57 HUNTINGTON CIRCLE
 PITTSBURG                               CA         94565           38,000
    38,000.00       14.25        141,553       133,596        1,736
 96/11/08       16/11/28          240       240       121.22
 Y       SFR          C          2
 305743791         2531680        3078 QUINCE STREET
 SAN DIEGO                               CA         92104           35,000
    35,000.00       13.25        290,000       198,406        2,331
 96/11/07       16/12/14          240       240        80.48
 Y       SFR          C          2
 3048067581        2531681        3090 COOPER CREEK DRIV
 HENDERSON                               NV         89014           15,000
    14,980.63       13.25        145,000       116,329        1,064
 96/08/08       21/08/27          300       296        90.57
 Y       SFR          C          2
 305383670         2531682        1405 CAMARA COURT
 VISTA                                   CA         92083           40,000
    39,161.59       14.99        185,000       157,600        1,695
 96/06/10       16/06/18          240       234       106.81
 Y       SFR          C          2
 305583139         2531683        4825 CHABLIS COURT
 OAKLEY                                  CA         94533           33,500
    33,468.56       14.99        179,000       161,100        2,289
 96/09/17       21/09/24          300       297       108.72
 Y       SFR          C          2
 304606414         2531684        53920 AVENIDA VELASCO
 LA QUINTA                               CA         92253           30,000
    29,897.92       13.75        100,500        93,566        2,510
 96/09/04       11/10/03          180       178       122.95
 Y       SFR          C          2

 
 304647764         2531685        13066 TUSCARORA DRIVE
 POWAY                                   CA         92064           29,200
    29,114.76       14.50        185,000       163,591        2,048
 96/07/29       16/08/26          240       236       104.21
 Y       SFR          C          2
 304800321         2531686        395 LAFAYETTE DRIVE
 OXNARD                                  CA         93030           33,978
    33,765.82       14.99        160,000       151,737        2,010
 96/06/10       16/06/27          240       234       116.07
 Y       SFR          C          2
 304447111         2531687        14429 HORST AVENUE
 NORWALK                                 CA         90650           50,000
    48,650.17       14.25        200,000       154,398        2,466
 96/07/01       11/07/16          180       175       102.20
 Y       SFR          C          2
 3045693151        2531688        1634 AGNEW STREET
 SIMI VALLEY                             CA         93065           45,000
    44,867.84       15.25        160,000       154,353        2,359
 96/10/01       11/10/11          180       178       124.60
 Y       SFR          C          2
 304580588         2531689        1470 SAN HELEN DRIVE
 DUNEDIN                                 FL         34698           24,900
    24,883.22       16.75         70,000        56,000          896
 96/08/23       21/09/01          300       297       115.57
 Y       SFR          C          2
 301720218         2531690        983 SOUTH NATALIE LANE
 ANAHEIM                                 CA         92808           33,000
    32,479.25       14.99        237,870       224,182        3,193
 96/05/07       16/05/24          240       233       108.12
 Y       SFR          C          2
 303044087         2531691        136 SOUTH LARKWOOD STR
 ANAHEIM                                 CA         92808           40,000
    39,855.86       14.25        180,000       162,372        2,054
 96/07/31       16/08/08          240       236       112.43
 Y       SFR          C          2
 304244756         2531692        29793 CARMEL ROAD
 SUN CITY                                CA         92586           14,000
    13,994.04       13.25         55,750        51,900          623
 96/11/05       21/11/15          300       299       118.21
 Y       SFR          C          2
 299545539         2531693        6241 CARODEAN ROAD
 TWENTY NINE PALMS                       CA         92277           46,950
    46,709.00       13.75        150,823       124,978        2,426
 96/09/11       11/10/01          180       178       113.99
 Y       SFR          C          2
 299548212         2531694        4420 SOUTH DOGWOOD PLA
 TUCSON                                  AZ         85730           34,000
    33,866.88       16.50         86,000        51,369        1,031
 96/07/15       11/08/01          180       176        99.27
 Y       SFR          C          2
 299667047         2531695        208 EAST KISLING AVENU
 BROWNSVILLE                             OR         97327           50,000
    49,977.68       16.75        108,000        83,882        1,902
 96/09/17       21/09/23          300       297       123.96
 Y       SFR          C          2
 298448602         2531696        4115 E. CAPTAIN DREYFU
 PHOENIX                                 AZ         85032           25,000
    24,896.43       14.99         75,000        63,252          964
 96/05/17       16/05/23          240       233       117.67
 Y       SFR          C          2
 298468889         2531697        1373 13TH STREET
 LOS OSOS                                CA         93402           40,000
    39,308.56       14.75        250,000       180,325        2,649
 96/09/06       16/09/17          240       237        88.13
 Y       SFR          C          2
 297383208         2531698        3623 W. BOUQUET AVENUE
 ANAHEIM                                 CA         92804           30,000
    29,974.38       15.50        182,446       182,709        2,586
 96/08/14       21/09/04          300       297       116.59
 Y       SFR          C          2

 
 297465141         2531699        2457 SWAN RIDGE AVENUE
 HENDERSON                               NV         89014           75,000
    74,694.18       13.50        155,000       116,647        2,883
 96/08/05       21/08/09          300       296       123.64
 Y       SFR          C          2
 298402709         2531700        40015 VICKER WAY
 PALMDALE                                CA         93551           37,500
    37,470.71       13.75        143,000       141,079        2,311
 96/08/23       21/10/09          300       298       124.88
 Y       SFR          C          2
 295787085         2531701        2340 BAY HILL ROAD
 CHULA VISTA                             CA         91915           50,000
    49,809.99       14.25        235,000       192,500        3,786
 96/06/26       16/07/09          240       235       103.19
 Y       SFR          C          2
 296440077         2531702        6320 SPRING BROOK LANE
 CLINTON                                 MD         20735           31,126
    31,117.26       15.50        123,000       122,484        2,077
 96/10/16       21/11/07          300       299       124.89
 Y       SFR          C          2
 296643890         2531703        1976 N. DANEBO
 EUGENE                                  OR         97402           24,000
    23,932.89       16.25         95,000        89,177        1,158
 96/09/11       11/09/16          180       177       119.13
 Y       SFR          C          2
 294729772         2531704        5331 PENTAGON AVENUE
 LAS VEGAS                               NV         89115           12,940
    12,901.04       15.00        108,000       101,805        1,383
 96/09/17       11/10/22          180       178       106.25
 Y       SFR          C          2
 295569029         2531705        311 HEATHER RIDGE DRIV
 FREDERICK                               MD         21702           43,150
    43,095.85       16.75        108,000        91,848        1,709
 96/10/29       11/11/15          180       179       125.00
 Y       SFR          C          2
 295663053         2531706        2016 G STREET
 WASHOUGAL                               WA         98671           34,000
    33,989.50       14.99        100,000        91,000        1,511
 96/10/29       21/11/08          300       299       125.00
 Y       SFR          C          2
 294521933         2531707        12414 NORTHEAST TIFFAN
 VANCOUVER                               WA         98684           22,000
    21,979.58       15.25         90,000        78,000        1,122
 96/10/28       21/11/01          300       299       111.11
 Y       SFR          C          2
 294661677         2531708        14336 GARDEN ROAD
 POWAY                                   CA         92064           40,000
    39,428.53       14.99        155,000        99,623        1,956
 96/06/06       16/06/21          240       234        90.08
 Y       SFR          C          2
 292442588         2531709        570 SCOTT
 LAS VEGAS                               NV         89021           28,000
    27,830.53       15.49         92,000        86,788        1,924
 96/05/22       16/06/03          240       234       124.77
 Y       SFR          C          2
 293663899         2531710        931 KREIDER STREET
 LEBANON                                 PA         17042           34,100
    34,078.85       15.00         80,000        56,017        1,262
 96/10/18       21/10/23          300       298       112.65
 Y       SFR          C          2
 294488510         2531711        11 SEAFARER LANE
 BERLIN                                  MD         21811           27,000
    26,928.01       16.50        125,950       106,092        1,793
 96/09/27       11/10/02          180       178       105.67
 Y       SFR          C          2
 290389742         2531712        13191 PALM STREET
 GARDEN GROVE                            CA         92643           35,000
    34,433.65       13.50        205,000       156,214        3,409
 96/08/09       06/08/15          120       116        93.28
 Y       SFR          C          2

 
 291522078         2531713        111 W. DEL RIO DRIVE
 TEMPE                                   AZ         85282           40,000
    39,392.77       14.99        115,000        92,835        2,084
 96/08/30       11/09/05          180       177       115.51
 Y       SFR          C          2
 291727711         2531714        3228 WESTWOOD DRIVE
 ROCKLIN                                 CA         95677           30,000
    29,392.92       14.99        142,700       123,407        1,101
 96/10/24       21/10/01          300       298       107.50
 Y       SFR          C          2
 287726561         2531715        16436 POUNCEY TRACT RO
 ROCKVILLE                               VA         23146           27,750
    27,735.04       16.50        118,000        94,000        1,143
 96/09/26       16/10/01          240       238       103.18
 Y       SFR          C          2
 288606404         2531716        17 LOU ANN PLACE
 PITTSBURG                               CA         94565           25,000
    24,878.24       14.25        100,000        91,431        1,632
 96/08/15       21/09/11          300       297       116.43
 Y       SFR          C          2
 288888367         2531717        504 DOGWOOD DRIVE
 GLEN BURNIE                             MD         21061           18,800
    18,786.71       16.50        125,000       120,000        1,720
 96/08/26       21/09/01          300       297       111.04
 Y       SFR          C          2
 285448409         2531718        29700 REVIS ROAD
 COARSEGOLD                              CA         93614           25,000
    24,978.68       13.25        125,000       104,249        1,963
 96/10/11       16/11/12          240       239       103.40
 Y       SFR          C          2
 285546940         2531719        4345 DECATOR TRAIL
 FRAZIER PARK                            CA         93225           12,000
    11,723.58       14.49         90,000        87,412        1,073
 96/09/04       01/10/02           60        58       110.46
 Y       SFR          C          2
 286606891         2531720        3811 SUMNER TAPPS HIGH
 SUMNER                                  WA         98390           35,700
    35,627.43       14.99        158,000       148,886          355
 96/09/06       16/09/12          240       237       116.83
 Y       SFR          C          2
 282706180         2531721        3908 STEINBECK DRIVE
 LAS VEGAS                               NV         89115           40,000
    39,715.03       15.75        103,000        67,480        2,253
 96/07/15       16/08/01          240       236       104.35
 Y       SFR          C          2
 284723880         2531722        713 DEERWOOD COURT
 MADERA                                  CA         93637           18,000
    17,763.74       14.50         84,000        75,749        1,279
 96/10/07       06/10/16          120       118       111.61
 Y       SFR          C          2
 285386894         2531723        5642 ROGER DRIVE
 HUNTINGTON BEACH                        CA         92649           40,000
    39,903.42       13.75        225,000       209,489        2,031
 96/08/30       16/09/09          240       237       110.88
 Y       SFR          C          2
 281464802         2531724        30692 MARILYN DRIVE
 LAGUNA BEACH                            CA         92677           39,000
    38,976.91       15.25        250,000       207,000        8,521
 96/09/28       21/10/15          300       298        98.40
 Y       SFR          C          2
 282380753         2531726        11190 CORAL ALOE AVENU
 FOUNTAIN VALLEY                         CA         92708           35,000
    34,991.86       16.50        265,000       263,145        3,013
 96/10/10       21/10/28          300       298       112.51
 Y       SFR          C          2
 278761825         2531727        1339 WEST TAPER STREET
 LONG BEACH                              CA         90810           25,000
    24,589.51       13.25        129,523       123,427        1,910
 96/08/09       06/08/20          120       116       114.60
 Y       SFR          C          2

 
 278788891         2531728        842 VISTA AVENUE
 SUGARLOAF                               CA         92386           27,000
    26,908.13       13.75         69,000        58,015        1,130
 96/10/01       11/10/10          180       178       123.21
 Y       SFR          C          2
 280707668         2531729        902 ANDERSON DRIVE
 SUISUN CITY                             CA         94585           38,500
    37,458.50       14.99        144,900       141,909        2,092
 96/04/24       06/05/01          120       113       124.51
 Y       SFR          C          2
 277741457         2531730        2324 AVENUE J-2 WEST
 LANCASTER                               CA         93536           30,000
    29,959.61       14.99        140,000       136,036        1,776
 96/10/21       16/11/01          240       239       118.60
 Y       SFR          C          2
 277760209         2531731        8150 EAST SKYVIEW DRIV
 ORANGE                                  CA         92669           25,000
    24,801.89       14.25        235,162       200,254        1,247
 96/08/30       11/09/19          180       177        95.79
 Y       SFR          C          2
 278505644         2531732        1469 OAKCREEK LANE
 VISTA                                   CA         92083           23,000
    22,964.38       13.99        133,000       106,319        1,599
 96/09/25       16/10/02          240       238        97.23
 Y       SFR          C          2
 277569272         2531733        16558 HANNAH DRIVE
 SAN LEANDRO                             CA         94578           40,000
    39,872.81       14.49        165,904       163,914        2,704
 96/09/23       21/10/01          300       298       122.91
 Y       SFR          C          2
 277645063         2531734        406 RAYMON AVENUE
 BOILING SPRINGS                         PA         17007           39,000
    38,979.93       16.00        135,000       105,576        1,570
 96/09/30       21/10/04          300       298       107.09
 Y       SFR          C          2
 277726565         2531735        6133 OLD TRAIL ROAD
 LAS VEGAS                               NV         89108           25,000
    24,738.87       13.75        110,000        99,026        1,211
 96/06/11       11/06/26          180       174       112.75
 Y       SFR          C          2
 275527937         2531736        1523 ORIOLE PLACE
 UPLAND                                  CA         91784           45,000
    44,769.00       13.75        285,000       284,239        4,032
 96/09/09       11/09/14          180       177       115.52
 Y       SFR          C          2
 275547376         2531737        2090 CALIFORNIA DRIVE
 VACAVILLE                               CA         95687           23,000
    22,920.63       14.99        155,000       166,833        2,104
 96/05/31       16/06/07          240       234       122.47
 Y       SFR          C          2
 277541275         2531738        77 CARRIAGE DRIVE
 FOOTHILL RANCH                          CA         92610           44,000
    43,939.34       14.50        211,187       199,469        2,158
 96/07/05       21/07/24          300       295       115.29
 Y       SFR          C          2
 273606422         2531739        1233 MAUI STREET
 LAS VEGAS                               NV         89104           20,000
    19,789.00       15.75        100,000        77,500        1,071
 96/08/14       06/08/17          120       116        97.50
 Y       SFR          C          2
 274568677         2531740        514 HATHERLY STREET
 VISTA                                   CA         92083           35,500
    35,311.62       14.49        140,000       129,900        1,749
 96/03/27       16/04/15          240       232       118.14
 Y       SFR          C          2
 274728578         2531741        187 EAST CHAPPAREL
 BLYTHE                                  CA         92225           26,800
    26,764.70       14.75        118,000       114,059        2,079
 96/06/17       21/07/24          300       295       119.37
 Y       SFR          C          2

 
 272606063         2531742        3908 GASTON LANE
 NORTH LAS VEGAS                         NV         89030           40,000
    38,716.86       14.99        122,000       103,834        2,472
 96/02/12       11/02/26          180       170       117.90
 Y       SFR          C          2
 273260466         2531743        42875 VIA GANDIA
 TEMECULA                                CA         92592           31,000
    30,938.40       13.75        150,000       115,768        1,399
 96/06/28       21/07/19          300       295        97.85
 Y       SFR          C          2
 273346090         2531744        3618 STEVELY AVENUE
 LONG BEACH                              CA         90808           25,000
    24,992.98       15.50        182,000       181,985        2,209
 96/10/09       21/11/01          300       299       113.73
 Y       SFR          C          2
 270525081         2531745        1023 SOUTH DANEHURST A
 GLENDORA                                CA         91740           42,500
    42,399.52       15.99        156,000       152,327        2,587
 96/07/24       16/08/01          240       236       124.89
 Y       SFR          C          2
 271525318         2531746        309 FIRESTONE DRIVE
 LAS VEGAS                               NV         89128           34,000
    33,692.25       15.49        133,000       128,985        2,568
 96/04/26       16/05/08          240       233       122.55
 Y       SFR          C          2
 267397539         2531747        135 SOUTHWEST MILL STR
 SHERIDAN                                OR         97378           15,000
    14,992.26       15.99         75,000        74,609        1,121
 96/10/14       21/10/22          300       298       119.48
 Y       SFR          C          2
 267608570         2531748        1319 YORK AVENUE
 GLENDORA                                CA         91740           40,000
    39,711.53       14.49        229,000       173,489        3,689
 96/04/04       16/04/15          240       232        93.23
 Y       SFR          C          2
 267643828         2531749        5576 WEST ROCHELLE AVE
 LAS VEGAS                               NV         89103           14,000
    13,976.88       14.00         75,000        56,440        1,121
 96/09/20       11/11/01          180       179        93.92
 Y       COND         C          2
 267278606         2531750        225 NORTHVIEW STREET
 PORT CHARLOTTE                          FL         33954           24,900
    24,813.72       14.99         95,000        76,931          987
 96/07/17       21/08/01          300       296       107.19
 Y       SFR          C          2
 267371708         2531751        3611 FLORIDA STREET #5
 SAN DIEGO                               CA         92104           38,000
    37,886.76       15.25        174,696       153,771        1,982
 96/09/12       11/10/11          180       178       109.77
 Y       COND         C          2
 540088866         2534296        6617 NORTHEAST RODNEY
 PORTLAND                                OR         97211           72,600
    72,506.32       13.25        105,000        55,921        1,565
 96/09/12       21/09/27          300       297       122.40
 Y       SFR          C          2
 540110877         2534297        9603 SOUTHEAST 75TH AV
 MILWAUKIE                               OR         97222           34,500
    34,415.67       13.99         90,000        71,000        1,081
 96/09/19       21/10/01          300       298       117.22
 Y       SFR          C          2
 539825075         2534298        14307 72ND AVENUE COUR
 PUYALLUP                                WA         98373           25,000
    24,981.13       17.99        130,000       122,000        1,548
 96/07/26       21/08/01          300       296       113.08
 Y       SFR          C          2
 539963990         2534299        14416 EAST RICH AVENUE
 SPOKANE                                 WA         99205           29,950
    29,861.12       14.50         75,000        61,507          878
 96/06/22       16/08/06          240       236       121.94
 Y       SFR          C          2

 
 540067903         2534300        1561 INGLEWOOD AVENUE
 EUGENE                                  OR         97401           40,000
    39,980.36       16.25        130,000       111,000        1,297
 96/09/12       21/09/18          300       297       116.15
 Y       SFR          C          2
 539747555         2534301        1734 CORSICA DRIVE
 YUBA CITY                               CA         95993           42,000
    41,846.21       12.99        145,000       136,112        2,187
 96/09/26       11/10/07          180       178       122.84
 Y       SFR          C          2
 539800721         2534302        15313 PLAIN VIEW PLACE
 MONROE                                  WA         98272           50,000
    49,881.66       15.99        130,000       107,393        2,088
 96/06/22       16/08/06          240       236       121.07
 Y       SFR          C          2
 539822648         2534303        36445 86TH STREET E.
 LITTLEROCK                              CA         93543           31,000
    30,846.44       14.49        125,000       117,500        1,686
 96/06/07       16/06/13          240       234       118.80
 Y       SFR          C          2
 539701810         2534304        9717 36TH STREET EAST
 PUYALLUP                                WA         98371           31,200
    31,006.97       15.59        135,000       128,200        1,739
 96/08/07       12/09/01          192       189       118.07
 Y       SFR          C          2
 539704046         2534305        1638 23RD AVENUE
 LONGVIEW                                WA         98632           40,000
    39,967.42       15.75        155,000        76,000        1,482
 96/08/26       21/09/01          300       297        74.84
 Y       SFR          C          2
 539721687         2534306        7905 NORTHEAST 125TH A
 VANCOUVER                               WA         98682           39,000
    38,979.90       15.99        105,000        82,171        1,293
 96/10/14       21/10/18          300       298       115.40
 Y       SFR          C          2
 539667349         2534307        5928 147TH STREET S.W.
 EDMONDS                                 WA         98026           75,000
    74,884.06       15.25        175,000       118,408        2,323
 96/07/25       21/08/15          300       296       110.52
 Y       SFR          C          2
 539667624         2534308        2135 5TH STREET
 BREMERTON                               WA         98312           15,000
    14,895.81       14.99         80,000        79,648        1,269
 96/06/13       16/06/21          240       234       118.31
 Y       SFR          C          2
 539688472         2534309        12018 SOUTHEAST 260TH
 KENT                                    WA         98031           60,000
    59,739.91       14.75        165,000       128,521        2,570
 96/08/10       21/09/10          300       297       114.26
 Y       SFR          C          2
 539561078         2534310        22400 S.E. 323RD STREE
 KENT                                    WA         98042           56,750
    56,304.02       14.75        142,000       120,212        2,318
 96/08/13       11/08/21          180       176       124.62
 Y       SFR          C          2
 539609444         2534311        1610 AMBER BOULEVARD S
 PUYALLUP                                WA         98372           41,800
    41,733.90       13.75        153,300       133,000        1,745
 96/07/24       21/08/13          300       296       114.02
 Y       SFR          C          2
 539621605         2534312        16116 128TH SOUTHEAST
 RENTON                                  WA         98058           39,500
    39,500.00       16.25        135,000       128,931        2,445
 96/10/01       21/11/14          300       300       124.76
 Y       SFR          C          2
 539463171         2534313        WEST 180TH LOST LAKE P
 SHELTON                                 WA         98584           32,620
    32,609.93       14.99        126,000       124,880        3,159
 96/09/18       21/11/01          300       299       125.00
 Y       SFR          C          2

 
 539486658         2534314        813 NW CRESCENT
 SUNNYSIDE                               WA         98944           19,300
    19,206.19       15.49         76,500        76,293          774
 96/09/09       16/09/13          240       237       124.96
 Y       SFR          C          2
 539521741         2534315        31907 SOUTH 2090 PR SO
 KENNEWICK                               WA         99337           34,800
    34,781.68       15.99         95,000        83,936        1,289
 96/10/25       21/11/01          300       299       124.99
 Y       SFR          C          2
 540663250         2534316        582 LOCUST AVENUE
 MANTECA                                 CA         95337           30,000
    29,888.49       14.49        132,000       126,523        1,736
 96/05/31       16/06/25          240       234       118.58
 Y       SFR          C          2
 540566362         2534317        541 PIEDMONT AVENUE NO
 SALEM                                   OR         97304           25,500
    25,485.58       15.50        112,000        28,561        1,042
 96/10/04       21/10/11          300       298        48.27
 Y       SFR          C          2
 540587638         2534318        3740 SOUTHEAST 122ND A
 PORTLAND                                OR         97236            9,000
     8,990.86       15.50         88,000        89,760          898
 96/09/11       21/09/17          300       297       112.23
 Y       SFR          C          2
 540647474         2534319        9245 SOUTHWEST LOCUST
 PORTLAND                                OR         97223           30,000
    29,973.17       15.25        117,000       116,156        1,332
 96/08/30       21/09/11          300       297       124.92
 Y       SFR          C          2
 540527906         2534320        8027 N. FOSS AVENUE
 PORTLAND                                OR         97203           50,000
    49,945.42       15.49        136,000       108,000        1,698
 96/10/28       21/11/04          300       299       116.18
 Y       SFR          C          2
 540528904         2534321        4336 SE 90TH AVENUE
 PORTLAND                                OR         97266           17,500
    17,391.48       13.50         87,500        82,428        1,178
 96/06/12       16/07/08          240       235       114.20
 Y       SFR          C          2
 540540232         2534322        139 N 100 W #5
 CEDAR CITY                              UT         84720           24,000
    23,973.77       15.75         84,000        67,651        1,272
 96/08/21       21/09/01          300       297       109.11
 Y       SFR          C          2
 540174886         2534323        2112 NE 203RD AVENUE
 FAIRVIEW                                OR         97060           20,000
    19,942.70       15.50        131,000       114,200        1,191
 96/10/09       11/11/01          180       179       102.44
 Y       SFR          C          2
 540431943         2534324        12346 SOUTHEAST GROVE
 MILWAUKIE                               OR         97222           55,000
    54,971.65       15.99        140,000       116,383        2,120
 96/10/10       21/10/21          300       298       122.42
 Y       SFR          C          2
 540469771         2534325        1191 SOUTH 5TH STREET
 LEBANON                                 OR         97355           25,000
    24,974.43       14.75        100,000        84,000        1,457
 96/10/11       21/10/18          300       298       109.00
 Y       SFR          C          2
 541620142         2534342        1936 LOS ALAMITOS DRIV
 PLACENTIA                               CA         92870           29,000
    28,988.73       13.75        192,000       172,800        3,094
 96/10/17       21/11/15          300       299       105.10
 Y       SFR          C          2
 541701103         2534343        534 NORTHEAST 67TH AVE
 PORTLAND                                OR         97213           29,000
    28,938.39       14.25        120,000        79,555        1,371
 96/09/19       21/10/01          300       298        90.46
 Y       SFR          C          2

 
 541527247         2534344        603 NORTHEAST BOCKES L
 SHERIDAN                                OR         97378           71,500
    71,464.90       16.25        132,000        87,925        2,686
 96/10/14       21/10/23          300       298       120.78
 Y       SFR          C          2
 541561464         2534345        3502 SANDRINGHAM DRIVE
 SALEM                                   OR         97305           31,500
    31,489.35       14.50         91,000        81,000        1,576
 96/11/05       21/11/13          300       299       123.63
 Y       SFR          C          2
 541606573         2534346        3120 NORTHEAST 29TH AV
 PORTLAND                                OR         97212           30,000
    29,960.02       14.75        113,300       103,900        1,281
 96/08/08       21/08/13          300       296       118.18
 Y       SFR          C          2
 5412846181        2534347        31223 HANOVER LANE
 SUN CITY                                CA         92584           25,000
    24,920.16       15.50        135,000       134,612        1,647
 96/06/11       16/07/05          240       235       118.23
 Y       SFR          C          2
 541368416         2534348        9652 LAKE NATOMA DRIVE
 ORANGEVALE                              CA         95662           20,000
    20,000.00       13.25        190,000       171,268        2,061
 96/11/01       11/12/15          180       180       100.67
 Y       SFR          C          2
 541520357         2534349        4456 MAHRT STREET SE
 SALEM                                   OR         97301           37,100
    36,962.02       15.00        112,000        94,884        1,965
 96/09/23       11/10/01          180       178       117.84
 Y       SFR          C          2
 541046524         2534350        222 SOUTHEAST 34TH CIR
 TROUTDALE                               OR         97060           38,000
    37,979.51       15.75        120,000       103,775        1,113
 96/09/30       21/10/07          300       298       118.15
 Y       SFR          C          2
 541064730         2534351        370 EAST GLOUCESTER ST
 GLADSTONE                               OR         97027           21,000
    20,975.26       13.75        119,000        88,000          920
 96/09/16       21/09/20          300       297        91.60
 Y       SFR          C          2
 541255708         2534352        3445 SOUTHWEST 122ND A
 BEAVERTON                               OR         97005           40,000
    39,979.38       15.99         95,210        73,509        1,204
 96/09/25       21/10/01          300       298       119.22
 Y       SFR          C          2
 540965512         2534353        2709 CASA VERDE DRIVE
 CERES                                   CA         95307           14,000
    13,886.40       13.99        115,000       108,835        1,923
 96/05/13       11/05/24          180       173       106.81
 Y       SFR          C          2
 541020829         2534354        617 SOUTH WILLAMETTE S
 NEWBERG                                 OR         97132           27,250
    27,233.07       14.99        105,000       104,000        1,600
 96/09/17       21/09/25          300       297       125.00
 Y       SFR          C          2
 541041625         2534355        2505 NORTHEAST SUMNER
 PORTLAND                                OR         97211           26,000
    25,979.68       13.75         88,000        77,316        1,059
 96/10/04       21/10/18          300       298       117.40
 Y       SFR          C          2
 540940046         2534356        1609 S. RAINIER STREET
 KENNEWICK                               WA         99337           33,000
    32,819.13       15.75        118,290       109,000        1,815
 96/09/09       21/09/13          300       297       120.04
 Y       SFR          C          2
 540949405         2534357        1764 DEL PRADO
 POMONA                                  CA         91768           43,000
    42,970.68       14.49        184,165       171,767        2,438
 96/09/18       21/09/25          300       297       116.62
 Y       SFR          C          2

 
 540964788         2534358        115 SOUTHWEST 140TH AV
 BEAVERTON                               OR         97006           56,000
    56,000.00       15.75        130,900        94,071        1,967
 96/10/10       21/11/22          300       300       114.65
 Y       SFR          C          2
 540826513         2534359        700 SW SAINT BARBARA W
 SHERWOOD                                OR         97140           53,000
    53,000.00       14.50        129,800       109,239        1,846
 96/10/23       21/11/04          300       300       124.99
 Y       SFR          C          2
 540920692         2534360        1156 CHARLENE STREET S
 SALEM                                   OR         97306           36,000
    35,946.09       14.99        130,840        85,256        1,295
 96/10/29       11/11/04          180       179        92.68
 Y       SFR          C          2
 544022491         2534361        1160 24TH AVENUE
 SWEET HOME                              OR         97386           20,000
    19,981.21       14.99         89,000        73,292        1,473
 96/09/24       21/10/01          300       298       104.82
 Y       SFR          C          2
 543944868         2534362        5803 SHELLDRAKE COURT
 FAIR OAKS                               CA         95628           20,000
    19,868.81       14.25        109,663       106,043        1,452
 96/08/15       11/09/01          180       177       114.94
 Y       SFR          C          2
 544020497         2534363        21570 SOUTHWEST JOHNSO
 BEAVERTON                               OR         97006           32,000
    31,983.51       15.99         89,670        70,811        1,994
 96/10/09       21/10/16          300       298       114.65
 Y       SFR          C          2
 543861624         2534364        207 NE 194TH AVENUE
 PORTLAND                                OR         97230           25,000
    24,971.86       14.00        104,000        93,091        1,112
 96/08/20       21/09/19          300       297       113.55
 Y       SFR          C          2
 543863434         2534365        6877 D STREET
 SPRINGFIELD                             OR         97477           25,000
    24,954.12       16.75        100,000        80,000        1,563
 96/07/25       21/08/01          300       296       105.00
 Y       SFR          C          2
 543940814         2534366        1227 NORTHEAST 196TH A
 PORTLAND                                OR         97230           17,500
    17,482.00       16.25        135,000       108,000        1,328
 96/08/09       21/08/15          300       296        92.96
 Y       SFR          C          2
 543808719         2534367        4538 DEL ORO
 LAS VEGAS                               NV         89102           25,000
    24,823.49       14.99         82,500        70,441        1,537
 96/10/10       21/10/16          300       298       115.69
 Y       SFR          C          2
 543823992         2534368        2135 45TH AVENUE
 SAN FRANCISCO                           CA         94116           40,000
    39,684.10       14.49        295,000       230,447        3,024
 96/04/27       16/05/09          240       233        91.68
 Y       SFR          C          2
 543824390         2534369        6321 ESTRELLA AVENUE
 SAN DIEGO                               CA         92120           25,000
    24,841.09       14.99        171,500       171,855        1,779
 96/05/30       16/06/13          240       234       114.78
 Y       SFR          C          2
 543742621         2534370        6026 N. MISSISSIPPI AV
 PORTLAND                                OR         97217           35,000
    34,939.19       14.99        120,000       111,362        1,797
 96/10/08       21/10/23          300       298       121.97
 Y       SFR          C          2
 543743780         2534371        1726 SE 110TH AVENUE
 PORTLAND                                OR         97216           75,000
    74,944.41       16.25        136,000        75,000        2,210
 96/09/05       21/09/12          300       297       110.29
 Y       SFR          C          2

 
 543746680         2534372        315 SOUTHEAST 149TH CO
 VANCOUVER                               WA         98684           46,000
    45,984.44       14.50        106,800        79,538        1,595
 96/10/22       21/10/28          300       298       117.54
 Y       SFR          C          2
 543685128         2534373        12120 SOUTHEAST MARSH
 SANDY                                   OR         97055           57,000
    56,898.79       13.25        292,000       248,000        3,093
 96/11/02       11/11/17          180       179       104.45
 Y       SFR          C          2
 543687966         2534374        3212 ESTATES AVENUE
 PINOLE                                  CA         94564           50,000
    49,968.91       14.99        189,932       177,000        2,538
 96/10/17       21/10/23          300       298       119.52
 Y       SFR          C          2
 543567751         2534375        13375 S.W. HAVENCREST
 BEAVERTON                               OR         97005           75,000
    74,863.94       14.25        148,000        87,004        1,735
 96/07/02       21/07/08          300       295       109.46
 Y       SFR          C          2
 543585696         2534376        1301 EDGEWATER LANE
 LYNDEN                                  WA         98264           75,000
    74,851.00       13.75        270,000       229,400        3,429
 96/06/20       21/07/15          300       295       112.74
 Y       SFR          C          2
 543155589         2534377        2920 6TH AVENUE
 BONANZA                                 OR         97623           14,000
    13,982.41       16.25         75,000        48,479          683
 96/08/26       21/09/01          300       297        83.31
 Y       SFR          C          2
 543402727         2534378        12866 ISOCOMA STREET
 SAN DIEGO                               CA         92129           40,000
    39,967.42       15.75        195,000       180,788        2,686
 96/08/19       21/09/01          300       297       113.22
 Y       SFR          C          2
 543562502         2534379        18472 STEAMBOAT WAY
 WEST LINN                               OR         97068           68,500
    68,374.99       15.75        144,000        98,994        2,387
 96/08/19       16/08/23          240       236       116.32
 Y       SFR          C          2
 543029120         2534380        14919 SOUTHEAST BROOKE
 SHERWOOD                                OR         97140           75,000
    74,978.94       15.50        200,000       142,361        2,816
 96/10/10       21/11/12          300       299       108.68
 Y       SFR          C          2
 543082539         2534381        65 WEST COX STREET
 LEBANON                                 OR         97355           25,000
    24,960.99       13.99         99,000        85,904        1,326
 96/10/14       16/11/01          240       239       112.02
 Y       SFR          C          2
 543132632         2534382        245 18TH STREET
 SWEET HOME                              OR         97386           24,000
    23,917.63       14.75         60,000        45,478          746
 96/09/18       21/09/27          300       297       115.80
 Y       SFR          C          2
 542968320         2534383        462 NORTH 32ND STREET
 SPRINGFIELD                             OR         97477           45,000
    44,959.77       15.25         87,000        61,000        1,121
 96/08/26       21/09/01          300       297       121.84
 Y       SFR          C          2
 542987268         2534384        1120 COLONIAL STREET N
 SALEM                                   OR         97303           16,000
    15,538.98       13.49         90,000        74,000        1,560
 96/03/19       06/04/01          120       112       100.00
 Y       SFR          C          2
 542989511         2534385        15703 SW WILLOW COURT
 SHERWOOD                                OR         97140           24,999
    24,898.65       16.25        180,000       123,444        2,621
 96/07/29       11/08/15          180       176        82.47
 Y       SFR          C          2

 
 542947942         2534386        14151 SOUTHEAST MILL S
 PORTLAND                                OR         97233           25,000
    24,979.63       15.75        100,000        99,284        1,378
 96/08/23       21/08/28          300       296       124.28
 Y       SFR          C          2
 542963424         2534387        19018 SOUTH SPRAGUE LA
 OREGON CITY                             OR         97045           25,000
    24,988.30       16.50        125,000       115,000        1,663
 96/09/20       21/09/27          300       297       112.00
 Y       SFR          C          2
 542964928         2534388        340 HELENA STREET
 LOS ALAMOS                              CA         93440           50,000
    49,962.89       14.25        140,000       114,856          123
 96/10/04       16/11/08          240       239       117.75
 Y       SFR          C          2
 542807502         2534389        325 E. WYANDOTTE STREE
 STOCKTON                                CA         95210           50,000
    49,692.86       13.99        115,000        91,764        1,985
 96/05/20       16/06/01          240       234       123.27
 Y       SFR          C          2
 542847578         2534390        515 EAST KENMORE STREE
 GLADSTONE                               OR         97027           68,500
    68,431.81       16.25        130,000        93,687        2,558
 96/08/07       21/08/14          300       296       124.76
 Y       SFR          C          2
 542865898         2534391        3706 NORTHEAST 78TH AV
 PORTLAND                                OR         97213           37,000
    36,909.49       15.25        141,000       108,576        1,732
 96/08/14       16/09/10          240       237       103.25
 Y       SFR          C          2
 542746993         2534392        1516 NORTH LIMA STREET
 BURBANK                                 CA         91505           35,000
    34,988.14       14.49        170,000       161,500        1,976
 96/10/05       21/10/15          300       298       115.59
 Y       SFR          C          2
 542763230         2534393        3185 MUNSEL LAKE ROAD
 FLORENCE                                OR         97439           20,000
    19,909.03       14.99         86,500        66,814        1,456
 96/08/04       11/08/22          180       176       100.36
 Y       SFR          C          2
 542800577         2534394        2001 SOUTHWEST 6TH STR
 BATTLE GROUND                           WA         98604           13,000
    12,992.99       15.75        108,419       107,699        1,091
 96/09/25       21/10/01          300       298       111.33
 Y       SFR          C          2
 542647458         2534395        3380 SANDLIN ROAD
 THE DALLES                              OR         97058           25,000
    24,988.84       16.75        119,000        95,200        2,068
 96/09/25       21/10/01          300       298       101.01
 Y       SFR          C          2
 542663181         2534396        4324 TERRACE DRIVE
 EVERETT                                 WA         98203           21,500
    21,280.37       14.99        115,000       114,000        1,562
 96/06/07       16/06/13          240       234       117.83
 Y       SFR          C          2
 542746745         2534397        3300 QUAIL PLACE
 LEBANON                                 OR         97355           28,100
    27,966.45       14.50        112,000        97,913        1,495
 96/06/07       16/07/19          240       235       112.51
 Y       SFR          C          2
 542438654         2534398        15130 SE FAIR OAKS AVE
 MILWAUKIE                               OR         97267           40,000
    39,973.02       16.75        185,000       163,000        2,058
 96/09/11       21/09/18          300       297       109.73
 Y       SFR          C          2
 542509392         2534399        18187 SOUTH WEST MONTE
 ALOHA                                   OR         97007           44,800
    44,765.00       13.75        124,000       108,000        2,115
 96/09/24       21/10/17          300       298       123.23
 Y       SFR          C          2

 
 542527190         2534400        706 E 30TH STREET
 VANCOUVER                               WA         98663           40,000
    39,882.81       13.50        112,000        82,821        1,285
 96/08/17       21/09/24          300       297       109.66
 Y       SFR          C          2
 541964904         2534401        1112 SE 144TH COURT
 VANCOUVER                               WA         98684           31,000
    30,961.77       13.50        124,000       109,456        1,864
 96/08/10       21/09/04          300       297       113.27
 Y       SFR          C          2
 541968465         2534402        3023 BROWNING COURT
 BRENTWOOD                               CA         94513           35,850
    35,850.00       13.75        162,000       153,000        2,614
 96/11/18       21/12/25          300       300       116.57
 Y       SFR          C          2
 542402783         2534403        1426 SOUTHEAST 11TH LO
 CANBY                                   OR         97013           49,000
    48,981.79       13.99        176,000       156,943        2,259
 96/10/25       21/11/01          300       299       117.01
 Y       SFR          C          2
 541904696         2534404        416 GOLF CIRCLE EAST
 MANTECA                                 CA         95337           35,000
    34,895.73       15.99        128,000       114,354        1,826
 96/06/18       16/07/01          240       235       116.68
 Y       SFR          C          2
 541927499         2534405        19330 FAIRCREST DRIVE
 OREGON CITY                             OR         97045           32,000
    31,678.19       14.75        133,600       126,900        1,891
 96/08/26       11/09/01          180       177       118.94
 Y       SFR          C          2
 541929124         2534406        5845 NORTHEAST 13TH AV
 PORTLAND                                OR         97211           35,700
    35,635.15       13.75        107,000        86,125          957
 96/08/23       21/08/28          300       296       113.86
 Y       SFR          C          2
 541861429         2534407        2305 TEMPLE DRIVE
 MEDFORD                                 OR         97504           28,500
    28,483.87       15.49        103,000        66,247        1,118
 96/09/25       21/10/01          300       298        91.99
 Y       SFR          C          2
 541863344         2534408        730 NORTH 10TH
 SPRINGFIELD                             OR         97477           25,000
    24,984.47       14.99         85,000        75,220          366
 96/09/18       21/10/01          300       298       117.91
 Y       SFR          C          2
 5418660402        2534409        30-620 AVENIDA DEL YER
 CATHEDRAL CITY                          CA         92234           30,000
    29,897.92       13.75        130,000        97,301        1,624
 96/11/01       11/11/15          180       179        97.92
 Y       SFR          C          2
 541746302         2534410        5124 SCHWARZMILLER ROA
 LAKE STEVENS                            WA         98258           32,000
    31,224.53       14.99        130,000       109,000        1,652
 96/06/18       16/06/25          240       234       108.46
 Y       SFR          C          2
 546417281         2534411        5041 SPICA PARKWAY
 SACRAMENTO                              CA         95823           35,000
    35,000.00       14.25        105,500        84,281        1,288
 96/10/24       21/12/10          300       300       113.06
 Y       SFR          C          2
 546418742         2534412        313 EAST VIRGINIA STRE
 RIALTO                                  CA         92376           24,900
    24,861.44       13.99        135,000       121,332        1,775
 96/09/30       16/10/08          240       238       108.32
 Y       SFR          C          2
 546317702         2534413        12620 DOMART AVENUE
 NORWALK                                 CA         90650           40,000
    39,809.61       14.99        151,000       145,263        1,904
 96/06/12       16/06/26          240       234       122.69
 Y       SFR          C          2

 
 546358088         2534414        2019 MONROVIA AVENUE
 COSTA MESA                              CA         92627           40,000
    39,679.80       15.49        255,000       202,500        3,092
 96/05/31       16/06/13          240       234        95.10
 Y       SFR          C          2
 546359322         2534415        10442 LAW DRIVE
 GARDEN GROVE                            CA         92640           21,300
    21,263.48       13.25        160,000       174,000        2,009
 96/10/01       16/10/10          240       238       122.06
 Y       SFR          C          2
 546230469         2534416        10888 BONANZA ROAD
 ADELANTO                                CA         92301           47,000
    46,984.82       14.75        130,000       111,218        1,592
 96/09/21       21/10/22          300       298       121.71
 Y       SFR          C          2
 546295443         2534417        1562 W. 49TH STREET
 LOS ANGELES                             CA         90062           25,000
    24,976.53       14.99        166,441       137,236        1,629
 96/09/06       21/09/13          300       297        97.47
 Y       SFR          C          2
 546299573         2534418        3680 NORTH LUGO AVENUE
 SAN BERNARDINO                          CA         92404           30,000
    30,000.00       13.75        110,000        91,086        2,147
 96/11/26       11/12/15          180       180       110.08
 Y       SFR          C          2
 546153742         2534419        4081 FORESTVIEW AVENUE
 CONCORD                                 CA         94521           45,000
    44,829.02       14.25        171,000       161,000        2,007
 96/06/27       16/07/15          240       235       120.47
 Y       SFR          C          2
 546171594         2534420        738 FORESTDALE AVENUE
 GLENDORA                                CA         91740           55,000
    54,940.85       14.25        175,000       129,695        2,153
 96/08/02       21/09/10          300       297       105.54
 Y       SFR          C          2
 546020991         2534422        1860 WEST 1ST STREET
 MONTEREY PARK                           CA         91754           60,000
    59,348.11       15.25        175,000       135,353        2,108
 96/06/18       16/06/25          240       234       111.63
 Y       SFR          C          2
 546049400         2534423        1955 SHEFFIELD DRIVE
 EL DORADO HILLS                         CA         95762           75,000
    74,953.37       14.99        342,000       307,166        4,800
 96/10/23       21/11/01          300       299       111.74
 Y       SFR          C          2
 546116387         2534424        34771 VIEW DRIVE
 YUCAIPA                                 CA         92399           25,000
    24,938.76       15.75        102,000        99,918        1,296
 96/07/31       16/08/01          240       236       122.47
 Y       SFR          C          2
 545941865         2534425        3341 SUMMER BREEZE
 ROSAMOND                                CA         93560           32,000
    31,977.19       14.25        116,000       111,699        2,018
 96/09/30       21/10/23          300       298       123.88
 Y       SFR          C          2
 545953192         2534426        1334 EAST PALM DRIVE
 COVINA                                  CA         91724           50,000
    49,987.20       15.99        215,000       186,300        3,096
 96/09/21       21/11/01          300       299       109.91
 Y       SFR          C          2
 545989262         2534427        11632 VIKING AVENUE
 NORTHRIDGE                              CA         91326           40,000
    39,854.81       14.99        200,000       190,000        2,764
 96/06/06       16/06/19          240       234       115.00
 Y       SFR          C          2
 545884517         2534428        63 CYPRESS COURT
 SAN PABLO                               CA         94806           34,500
    34,412.31       15.49        183,356       180,147        2,398
 96/05/20       16/07/19          240       235       117.07
 Y       SFR          C          2

 
 545921688         2534429        4732 OCANA AVENUE
 LAKEWOOD                                CA         90713           28,000
    27,973.75       15.00        160,000       154,886        2,176
 96/08/27       21/09/16          300       297       114.30
 Y       SFR          C          2
 545922187         2534430        1210 SAN JACINTO STREE
 REDLANDS                                CA         92373           33,000
    32,858.71       14.75        158,000       132,877        1,664
 96/06/06       16/06/25          240       234       104.99
 Y       SFR          C          2
 545829795         2534431        1513 SAN RAFAEL DRIVE
 CORONA                                  CA         91720           30,000
    29,975.56       15.75        153,809       136,679        1,828
 96/08/28       21/09/25          300       297       108.37
 Y       SFR          C          2
 545835510         2534432        1288 LAKELAND DRIVE
 LIVERMORE                               CA         94550           36,500
    36,500.00       14.25        219,000       206,194        2,407
 96/11/30       21/12/15          300       300       110.82
 Y       SFR          C          2
 545849459         2534433        1046 VIA REGINA
 SANTA BARBARA                           CA         93111           75,000
    74,705.00       14.00        367,000       330,154        4,474
 96/06/28       16/07/05          240       235       110.40
 Y       SFR          C          2
 545824557         2534434        4435 38TH STREET
 SAN DIEGO                               CA         92116           40,000
    39,954.95       14.00        152,000       115,910        1,494
 96/08/09       21/09/05          300       297       102.57
 Y       SFR          C          2
 545825194         2534435        13065 BERMUDA DUNES RO
 VICTORVILLE                             CA         92392           39,000
    38,860.73       13.25        119,000       105,420        2,181
 96/09/05       11/10/08          180       178       121.36
 Y       SFR          C          2
 545829278         2534436        21 VIA GARCETA
 RANCHO SANTA MARGARITA                  CA         92688           36,000
    35,597.01       13.25        120,000       105,966        1,565
 96/07/09       11/07/18          180       175       118.31
 Y       COND         C          2
 545789137         2534437        32601 NEWCASTLE DRIVE
 BLACK DIAMOND                           WA         98010           40,000
    39,779.40       14.49        145,000       133,150        1,440
 96/07/19       16/07/24          240       235       119.41
 Y       SFR          C          2
 545798464         2534438        10465 LA MARMOTA AVENU
 FOUNTAIN VALLEY                         CA         92708           30,000
    29,763.53       13.75        180,864       180,864        2,463
 96/09/10       06/10/01          120       118       116.59
 Y       SFR          C          2
 545824223         2534439        849 E VICTORIA STREET
 CARSON                                  CA         90746           30,000
    29,969.12       14.49        117,000        87,242          824
 96/08/31       21/09/07          300       297       100.21
 Y       COND         C          2
 545772940         2534440        4412 VALLEY OAKS DRIVE
 NORTH LAS VEGAS                         NV         89030           40,000
    39,947.35       14.75        122,000       103,392        1,809
 96/08/03       21/08/08          300       296       117.53
 Y       SFR          C          2
 545781724         2534441        420 PEARSON AVENUE
 BAKERSFIELD                             CA         93308           20,500
    20,450.49       15.49         82,000        81,330        2,093
 96/10/15       16/11/01          240       239       124.18
 Y       SFR          C          2
 545738952         2534442        4633 DARCELLE COURT
 UNION CITY                              CA         94587           75,000
    74,919.33       14.25        260,000       179,442        3,848
 96/07/12       21/09/16          300       297        97.86
 Y       SFR          C          2

 
 545739815         2534443        1424 WESTERN VILLAGE D
 SAN JACINTO                             CA         92583           26,000
    25,585.41       13.75        105,000        97,450        1,404
 96/08/07       06/08/15          120       116       117.57
 Y       SFR          C          2
 545749720         2534444        148 N. HELENA STREET
 RIDGECREST                              CA         93555           16,400
    15,834.55       15.50         60,000        45,066          957
 96/06/28       16/07/11          240       235       102.44
 Y       SFR          C          2
 545686766         2534445        3340 BRAMPTON WAY
 BOISE                                   ID         83706           25,000
    24,980.47       13.75         98,200        63,899        2,105
 96/09/20       21/10/07          300       298        90.53
 Y       SFR          C          2
 545693522         2534446        47 CAPE VICTORIA
 ALISO VIEJO AREA                        CA         92656           23,500
    23,392.79       14.25        175,000       178,464        1,934
 96/06/12       16/08/02          240       236       115.41
 Y       SFR          C          2
 545711836         2534447        1530 HIGHRIDGE ROAD
 SPRING VALLEY                           CA         91977           60,000
    59,913.36       14.49        143,000        98,306          953
 96/10/08       16/10/12          240       238       110.70
 Y       SFR          C          2
 545610680         2534448        6294 JOAQUIN MURIETA A
 NEWARK                                  CA         94560           39,100
    37,944.00       13.25        123,000       112,000        1,751
 96/08/24       11/09/01          180       177       122.85
 Y       COND         C          2
 545626502         2534449        25101 LA JOLLA WAY #I
 LAGUNA NIGUEL                           CA         92656           31,500
    31,454.03       15.25        160,000       157,559        2,474
 96/10/31       11/11/25          180       179       118.16
 Y       COND         C          2
 545671123         2534450        1376 NISICH DRIVE
 SAN JOSE                                CA         95122           58,000
    58,000.00       13.75        213,250       201,699        2,955
 96/11/20       21/12/20          300       300       121.78
 Y       SFR          C          2
 545575923         2534451        1032 HASTINGS AVENUE
 ROSAMOND                                CA         93560           20,000
    19,972.13       14.75        108,435       100,294        1,634
 96/07/18       16/08/01          240       236       110.94
 Y       SFR          C          2
 545576241         2534452        6204 MARY JEAN PLACE
 ELK GROVE                               CA         95758           47,000
    46,959.80       13.25        151,841       142,000        2,360
 96/09/11       21/10/16          300       298       124.47
 Y       SFR          C          2
 545593850         2534453        4308 DEEBOYAR AVENUE
 LAKEWOOD                                CA         90712           30,000
    29,987.50       15.50        167,750       153,877        1,929
 96/10/24       21/11/01          300       299       109.61
 Y       SFR          C          2
 545534943         2534454        2909 SOUTH PACIFIC AVE
 SANTA ANA                               CA         92707           25,000
    24,990.88       14.25        205,000       174,600        2,043
 96/10/15       21/11/15          300       299        97.37
 Y       SFR          C          2
 545537725         2534455        957 LAKE CANYON AVENUE
 GALT                                    CA         95632           25,000
    24,944.96       10.99        155,000       120,356        1,881
 96/10/08       11/11/01          180       179        93.78
 Y       SFR          C          2
 545552139         2534456        17106 EAST UNION PLACE
 AURORA                                  CO         80015           29,000
    28,956.50       14.25        110,000        99,796        1,172
 96/09/10       16/10/02          240       238       117.09
 Y       SFR          C          2

 
 545509464         2534457        7302 QUILL DRIVE #194
 DOWNEY                                  CA         90242           58,000
    57,899.66       13.25        110,000        78,219        1,880
 96/08/08       21/08/15          300       296       123.84
 Y       COND         C          2
 545523661         2534458        2138 MAPLE STREET
 SELMA                                   CA         93662           25,000
    24,798.71       14.50        100,000        94,926        1,650
 96/07/09       11/07/15          180       175       119.93
 Y       SFR          C          2
 545523923         2534459        327 MCKELVY
 CLOVIS                                  CA         93611           37,000
    36,935.99       13.25        127,000       115,008        2,472
 96/07/23       21/07/01          300       295       119.69
 Y       SFR          C          2
 545432931         2534460        8760 PALOMA WAY
 RENO                                    NV         89506           28,750
    27,919.54       14.50        110,000        80,006        1,068
 96/08/22       21/09/10          300       297        98.87
 Y       SFR          C          2
 545437138         2534461        2520 GARNET LANE
 LANCASTER                               CA         93535           25,000
    24,947.46       14.75        113,800       116,804          358
 96/08/08       16/09/23          240       237       124.61
 Y       SFR          C          2
 545453813         2534462        336 PORT ROYAL AVENUE
 FOSTER CITY                             CA         94404           35,000
    34,978.27       15.00        315,000       299,415        3,074
 96/09/24       21/10/15          300       298       106.16
 Y       SFR          C          2
 545411917         2534463        1245 SOUTH SILVER STAR
 ANAHEIM                                 CA         92808           75,000
    74,935.84       13.25        276,000       206,800        3,392
 96/09/06       21/10/03          300       298       102.10
 Y       SFR          C          2
 545413484         2534464        10422-10424 HAAS AVENU
 LOS ANGELES                             CA         90047           25,000
    24,958.59       13.50        210,000       175,300        1,880
 96/09/27       16/11/01          240       239        95.38
 Y       SFR          C          2
 545415540         2534465        18935 EAST GOLD HILL D
 WALNUT                                  CA         91789           36,000
    35,719.06       14.49        220,000       178,744          984
 96/04/26       16/05/07          240       233        97.61
 Y       SFR          C          2
 545391732         2534466        2859 GRANDVIEW STREET
 SAN DIEGO                               CA         92110           40,000
    39,656.82       13.99        209,000       186,999        1,659
 96/05/23       16/06/01          240       234       108.61
 Y       SFR          C          2
 545405030         2534467        12340 EAST DONAHUE PLA
 EL MONTE                                CA         91732           50,000
    49,965.40       14.75        150,000       102,668        1,492
 96/10/18       16/11/06          240       239       101.78
 Y       SFR          C          2
 545378153         2534468        1609 ASHWOOD DRIVE
 MODESTO                                 CA         95350           20,000
    19,985.15       14.25        113,000       107,706        1,166
 96/10/15       16/11/07          240       239       113.01
 Y       SFR          C          2
 545378177         2534469        2967 HILLTOP ROAD
 CONCORD                                 CA         94520           35,552
    35,447.25       14.50        138,000       132,718        1,624
 96/06/20       16/07/19          240       235       121.93
 Y       SFR          C          2
 545330272         2534470        8612 WYNGATE STREET
 SUNLAND                                 CA         91040           25,000
    24,982.95       14.49        172,000       163,400        1,963
 96/10/02       21/10/10          300       298       109.53
 Y       SFR          C          2

 
 545371865         2534471        667 MATCHWOOD PLACE
 AZUSA                                   CA         91702           25,000
    25,000.00       14.00        103,000       100,544        1,795
 96/11/23       21/12/10          300       300       121.89
 Y       COND         C          2
 545371894         2534472        11621 PALOMA AVENUE
 GARDEN GROVE                            CA         92643           75,000
    74,620.61       14.00        176,000       143,127        2,581
 96/09/17       11/09/26          180       177       123.94
 Y       SFR          C          2
 545311698         2534473        6306 LOLLY LANE
 SAN DIEGO                               CA         92114           25,000
    24,956.62       13.49        148,631       146,584        1,573
 96/10/31       11/11/07          180       179       115.44
 Y       SFR          C          2
 5453169941        2534474        5616 ARMSLEY STREET
 MONTCLAIR                               CA         91763           56,000
    55,795.85       13.75        164,000       146,948        3,062
 96/10/29       11/11/20          180       179       123.75
 Y       SFR          C          2
 545319042         2534475        11444 MINES BOULEVARD
 WHITTIER                                CA         90606           20,000
    19,775.91       14.75        145,000       143,864        1,490
 96/08/28       06/09/17          120       117       113.01
 Y       SFR          C          2
 545270629         2534476        8441 35TH AVENUE SW
 SEATTLE                                 WA         98126           31,592
    31,197.94       13.99        118,000       114,658        1,812
 96/05/21       16/06/01          240       234       123.94
 Y       SFR          C          2
 545278373         2534477        2830 AMBER DRIVE
 CORONA                                  CA         91720           25,000
    24,990.29       13.75        192,000       152,374        2,142
 96/10/21       21/11/04          300       299        92.38
 Y       SFR          C          2
 545292108         2534478        3725 WALNUT AVENUE
 CONCORD                                 CA         94519           25,000
    25,000.00       14.25        210,000       195,000        2,296
 96/10/26       11/11/15          180       180       104.76
 Y       SFR          C          2
 545239877         2534479        5065 EAST WASHINGTON A
 FRESNO                                  CA         93727           21,000
    20,845.25       14.25        105,500       100,151        1,194
 96/08/05       11/08/15          180       176       114.84
 Y       SFR          C          2
 545254537         2534480        336 NORTH HICKORY AVEN
 TRACY                                   CA         95376           36,250
    36,077.26       16.25        125,000       120,000        1,899
 96/08/08       16/08/15          240       236       125.00
 Y       SFR          C          2
 545259312         2534481        4208 KENMORE DRIVE SOU
 FRESNO                                  CA         93703           45,000
    44,912.50       15.00         90,000        58,869        1,170
 96/11/07       11/11/28          180       179       115.41
 Y       SFR          C          2
 545192471         2534482        1156 FENIMORE AVENUE
 COVINA                                  CA         91722           45,500
    45,444.39       13.75        155,000       147,824        2,222
 96/09/12       21/09/27          300       297       124.73
 Y       SFR          C          2
 545195188         2534483        3423 CHARITO LANE
 CAMERON PARK                            CA         95682           55,000
    54,604.61       12.99        185,000       175,407        1,365
 96/08/02       11/08/09          180       176       124.54
 Y       SFR          C          2
 545238963         2534484        1375 DON CARLOS COURT
 CHULA VISTA                             CA         91910           37,000
    35,959.31       14.50        193,500       175,470        2,432
 96/06/26       21/07/15          300       295       109.80
 Y       SFR          C          2

 
 545117066         2534485        1491 HIGHPOINT STREET
 UPLAND                                  CA         91784           75,000
    75,000.00       13.75        285,000       249,187        3,319
 96/10/30       21/11/25          300       300       113.75
 Y       SFR          C          2
 545119919         2534486        424 REEDER AVENUE
 COVINA                                  CA         91724           34,600
    34,446.42       14.49        186,000       163,359        1,898
 96/04/30       16/05/08          240       233       106.43
 Y       SFR          C          2
 545174658         2534487        4584 DEHESA COURT
 LAS VEGAS                               NV         89122           31,000
    30,965.03       13.99        128,200       129,166        1,474
 96/08/26       21/09/01          300       297       124.93
 Y       SFR          C          2
 545084466         2534488        936 SUNWIND WAY
 SACRAMENTO                              CA         95831           75,000
    73,847.12       14.75        195,000       148,000        3,566
 96/10/24       11/11/04          180       179       114.36
 Y       SFR          C          2
 545085420         2534489        2916 YELLOWSTONE AVENU
 STOCKTON                                CA         95205           30,000
    29,838.99       14.99         78,000        62,982        2,053
 96/06/21       16/07/10          240       235       119.21
 Y       SFR          C          2
 545113963         2534490        2244 NORTH NORRIS DRIV
 FRESNO                                  CA         93703           50,000
    49,987.23       16.00         90,000        58,324        1,216
 96/09/24       21/10/14          300       298       120.36
 Y       SFR          C          2
 545049408         2534492        3732 BRIDGEFORD LANE
 MODESTO                                 CA         95356           35,000
    34,886.63       13.75        130,000       124,462        1,638
 96/07/16       16/08/08          240       236       122.66
 Y       SFR          C          2
 545065846         2534493        3884 WOODLAWN AVENUE
 LYNWOOD                                 CA         90262           30,000
    29,765.04       14.99        158,000       156,449        1,962
 96/04/19       16/04/23          240       232       118.01
 Y       SFR          C          2
 544881719         2534494        225 NORTH OLIVE STREET
 YAMHILL                                 OR         97148           36,000
    35,975.49       14.50        123,958       112,000        1,559
 96/09/17       21/09/25          300       297       119.40
 Y       SFR          C          2
 544962966         2534495        345 BLAINE STREET
 ADAMS                                   OR         97810           25,000
    24,947.96       13.75         92,000        69,000        1,114
 96/08/08       21/08/23          300       296       102.17
 Y       SFR          C          2
 545041245         2534496        7725 MILLDALE AVENUE
 ELVERTA                                 CA         95626           20,000
    19,984.37       13.75        115,000        84,100        1,108
 96/08/30       21/09/27          300       297        90.52
 Y       SFR          C          2
 544803136         2534497        130 THELMA COURT
 STANFIELD                               OR         97875           20,000
    19,918.04       13.99         80,000        60,000          549
 96/09/11       21/09/26          300       297       100.00
 Y       SFR          C          2
 544844992         2534498        1114 WALNUT STREET SW
 ALBANY                                  OR         97321           15,000
    14,953.01       13.99         94,000        86,059        1,302
 96/07/03       16/08/01          240       236       107.51
 Y       SFR          C          2
 544847685         2534499        4423 SOUTH SHARRON COU
 KENNEWICK                               WA         99337           25,000
    24,992.27       14.99        142,000       109,000        1,778
 96/11/06       21/11/12          300       299        94.37
 Y       SFR          C          2

 
 544721308         2534500        10403 56TH AVENUE SOUT
 SEATTLE                                 WA         98178           44,250
    44,195.31       13.49        128,000       109,378        1,484
 96/09/17       21/09/25          300       297       120.02
 Y       SFR          C          2
 544726933         2534501        385 WHIRLAWAY DRIVE
 SAN JOSE                                CA         95111           49,000
    48,863.06       15.75        200,000       177,911        1,453
 96/09/04       11/09/25          180       177       113.46
 Y       SFR          C          2
 544744595         2534502        1602 SW SQUAW CREEK PL
 CORVALLIS                               OR         97333           30,000
    29,899.48       13.50        175,000       145,661        2,070
 96/08/18       16/09/06          240       237       100.38
 Y       SFR          C          2
 544507383         2534503        4409 HORESHOE CIRCLE
 ANTIOCH                                 CA         94509           50,000
    49,965.97       14.50        182,000       152,500        3,227
 96/09/19       21/10/01          300       298       111.26
 Y       SFR          C          2
 544661787         2534504        3105 NORTHEAST 152ND A
 VANCOUVER                               WA         98682           25,000
    24,964.52       14.75         96,000        77,835        1,088
 96/08/07       21/08/12          300       296       107.12
 Y       SFR          C          2
 544681892         2534505        23 EAST FALCON DRIVE
 PUEBLO WEST                             CO         81007           39,050
    39,022.17       14.25         96,000        78,536        1,285
 96/10/17       21/11/01          300       299       122.49
 Y       SFR          C          2
 544134749         2534506        1020 ARANA DRIVE
 PHOENIX                                 OR         97535           20,000
    19,986.51       16.75         80,000        70,000          921
 96/09/13       21/09/18          300       297       112.50
 Y       SFR          C          2
 544449454         2534507        1911 NE 149TH AVENUE
 VANCOUVER                               WA         98684           56,900
    56,880.75       14.50        115,000        84,573        2,400
 96/11/01       21/11/06          300       299       123.02
 Y       SFR          C          2
 544500465         2534508        82600 RIVER DRIVE
 CRESWELL                                OR         97426           60,000
    59,964.77       15.75        125,000        77,135        1,618
 96/10/02       21/10/15          300       298       109.71
 Y       SFR          C          2
 544081499         2534509        47 EAGLE CREST DRIVE #
 LAKE OSWEGO                             OR         97035           10,000
     9,994.85       15.99         59,000        48,000          744
 96/09/25       21/10/02          300       298        98.31
 Y       COND         C          2
 544113885         2534510        203 SWEIGLE AVENUE
 MOLALLA                                 OR         97038           16,500
    16,473.86       14.99         77,000        77,000          931
 96/07/15       21/07/19          300       295       121.43
 Y       SFR          C          2
 551173751         2534511        1655 SAN CARLOS STREET
 FAIRFIELD                               CA         94533           40,000
    39,971.47       14.25        138,000       127,742        1,601
 96/08/13       21/09/27          300       297       121.55
 Y       SFR          C          2
 551089075         2534512        30211 PIEBALD COURT
 TEHACHAPI                               CA         93561           40,000
    39,607.35       14.49        115,000       101,448        2,737
 96/03/06       16/03/14          240       231       123.00
 Y       SFR          C          2
 551119544         2534513        10412 BOULDER COURT
 VENTURA                                 CA         93004           25,000
    24,913.31       13.25        190,000       155,062        2,341
 96/08/20       16/08/28          240       236        94.77
 Y       SFR          C          2

 
 551136914         2534514        10174 MAMMOTH STREET
 VENTURA                                 CA         93004           30,000
    29,656.82       11.99        215,000       173,000        2,239
 96/07/24       11/08/01          180       176        94.42
 Y       SFR          C          2
 551040070         2534515        2152 LA JOLLA DRIVE
 STOCKTON                                CA         95204           24,000
    23,987.64       16.00        106,000        97,920        1,191
 96/09/25       21/10/15          300       298       115.02
 Y       SFR          C          2
 551081045         2534516        821 NORTH BARBARA STRE
 SANTA MARIA                             CA         93454           50,000
    49,930.38       14.75        120,000        96,586        2,257
 96/10/15       16/10/23          240       238       122.16
 Y       SFR          C          2
 551081216         2534517        5111 KEARSARGE AVENUE
 LOS ALAMITOS                            CA         90720           30,000
    29,871.55       14.75        225,000       198,220        2,170
 96/06/17       16/06/26          240       234       101.43
 Y       SFR          C          2
 551021029         2534518        1512 WEST CALDWELL STR
 COMPTON                                 CA         90220           50,000
    49,644.13       13.75        135,000       111,857        2,154
 96/07/20       16/07/26          240       235       119.89
 Y       SFR          C          2
 551027011         2534519        6417 HEATHERWOOD DRIVE
 RIVERSIDE                               CA         92509           31,900
    31,817.50       13.25        110,000       103,933        1,224
 96/08/29       16/09/12          240       237       123.48
 Y       SFR          C          2
 550964309         2534520        24148 FALCONER DRIVE
 MURRIETA                                CA         92562           20,000
    19,838.27       14.99        115,000       114,416        1,698
 96/06/13       16/06/28          240       234       116.88
 Y       SFR          C          2
 550974087         2534521        1543 HAZEL AVENUE
 YUBA CITY                               CA         95993           35,000
    34,939.99       13.25        113,000        94,612        1,231
 96/09/11       16/10/03          240       238       114.70
 Y       SFR          C          2
 550987877         2534522        5945 GRAYWOOD AVENUE
 LAKEWOOD                                CA         90712           50,000
    49,336.26       14.49        180,000       153,000        2,659
 96/06/13       11/06/19          180       174       112.78
 Y       SFR          C          2
 550945748         2534523        275 SADLER STREET
 LOS ANGELES                             CA         90022           15,500
    15,147.35       15.25        163,000       154,064        1,476
 96/08/05       11/08/21          180       176       104.03
 Y       SFR          C          2
 550947433         2534524        8309 WEST WHITTON AVEN
 PHOENIX                                 AZ         85037           25,000
    24,936.46       15.49         75,000        63,909          984
 96/09/09       16/09/13          240       237       118.55
 Y       SFR          C          2
 550949299         2534525        1513 WEST 253RD STREET
 LOS ANGELES                             CA         90710           50,000
    49,940.75       14.50        210,000       161,900        4,047
 96/08/27       21/09/01          300       297       100.90
 Y       SFR          C          2
 550912558         2534526        281 STANISLAUS WAY
 HAYWARD                                 CA         94544           30,000
    29,901.88       15.25        185,000       180,391        2,439
 96/09/10       11/10/01          180       178       113.72
 Y       SFR          C          2
 550916443         2534527        4024 ANTIOCH WAY
 STOCKTON                                CA         95212           32,000
    31,965.00       15.75        136,450       133,123        1,263
 96/08/14       21/08/21          300       296       121.01
 Y       SFR          C          2

 
 550922696         2534528        811 VILLA TERRACE
 BRENTWOOD                               CA         94513           22,000
    22,000.00       14.99         96,000        82,303        1,755
 96/11/07       16/11/13          240       240       108.65
 Y       SFR          C          2
 550887918         2534529        5431 WEST 118TH PLACE
 INGLEWOOD                               CA         90304           34,500
    34,444.43       14.25        195,000       186,500        2,367
 96/10/21       11/11/18          180       179       113.33
 Y       SFR          C          2
 550896941         2534530        2608 ALMA AVENUE
 SOUTH LAKE TAHOE                        CA         96151           25,000
    24,982.96       14.50        131,000       125,000        2,046
 96/09/27       21/10/15          300       298       114.50
 Y       SFR          C          2
 550905144         2534531        3405 SOUTH ROSS STREET
 SANTA ANA                               CA         92707           74,000
    73,974.91       14.49        210,000       187,773        3,347
 96/11/06       21/11/13          300       299       124.65
 Y       SFR          C          2
 550829582         2534532        39869 AMBERLY CIRCLE
 TEMECULA                                CA         92591           50,000
    49,891.42       14.75        170,340       161,000        2,679
 96/08/21       21/09/10          300       297       123.87
 Y       SFR          C          2
 550843935         2534533        15538 OAKHURST STREET
 CHINO HILLS                             CA         91709           30,000
    29,967.73       14.25        169,000       152,100        1,742
 96/08/14       21/09/20          300       297       107.75
 Y       SFR          C          2
 550885549         2534534        603 CAMINO REAL
 REDONDO BEACH                           CA         90277           37,500
    37,451.60       13.25        284,000       260,000        3,424
 96/09/04       21/09/13          300       297       104.75
 Y       SFR          C          2
 550760969         2534535        1451 TETON AVENUE
 SALINAS                                 CA         93906           30,000
    29,625.86       13.75        160,000       122,381        1,484
 96/08/08       16/08/20          240       236        95.24
 Y       SFR          C          2
 550781194         2534536        1036 BENTON STREET
 SANTA ROSA                              CA         95404           55,000
    55,000.00       14.75        163,750        90,537        1,307
 96/11/18       11/12/25          180       180        88.88
 Y       SFR          C          2
 550820737         2534537        37310 36TH STREET EAST
 PALMDALE                                CA         93550           26,500
    26,223.64       13.99        107,000        92,600        1,867
 96/08/31       21/09/06          300       297       111.31
 Y       SFR          C          2
 550717240         2534538        885 WEST GRANT STREET
 LEBANON                                 OR         97355           30,000
    29,967.73       14.25         95,000        86,155        1,376
 96/09/24       21/10/01          300       298       122.27
 Y       SFR          C          2
 550726631         2534539        904 LAPHAM DRIVE
 SOUTH LAKE TAHOE                        CA         96151           39,000
    38,987.95       14.99        150,000       142,351        1,786
 96/10/23       21/11/01          300       299       120.90
 Y       SFR          C          2
 550745904         2534540        3902 SUTRO AVENUE
 LOS ANGELES                             CA         90008           63,000
    62,365.35       13.50        185,000       156,227        2,836
 96/07/25       11/09/09          180       177       118.50
 Y       SFR          C          2
 550672713         2534541        26046 SALINGER LANE
 STEVENSON RANCH                         CA         91381           24,999
    24,916.06       14.01        302,000       271,547        3,355
 96/09/27       11/10/15          180       178        98.19
 Y       SFR          C          2

 
 550677960         2534542        4560 JADE STREET
 LOS ANGELES                             CA         90032           29,000
    28,956.58       14.99        146,000       134,722        1,952
 96/09/18       11/10/17          180       178       112.14
 Y       SFR          C          2
 550697041         2534543        807 REILLY COURT
 ROSEVILLE                               CA         95747           40,000
    39,691.91       14.49        164,950       161,222        2,425
 96/04/19       16/05/01          240       233       121.99
 Y       SFR          C          2
 550638350         2534544        6340 MARIPOSA AVENUE
 CITRUS HEIGHTS                          CA         95610           44,000
    43,842.86       13.25        135,000       109,191        1,638
 96/10/11       11/11/08          180       179       113.47
 Y       SFR          C          2
 550643838         2534545        6510 TANANA COURT
 SUN VALLEY                              NV         89433           30,000
    29,673.90       13.49        118,000       105,797        1,821
 96/07/22       16/07/01          240       235       115.08
 Y       SFR          C          2
 550670366         2534546        512 KURDSON WAY
 SPRING VALLEY                           CA         91977           23,000
    22,966.80       14.25        145,000       144,653        1,599
 96/06/27       21/07/15          300       295       115.62
 Y       SFR          C          2
 550617382         2534547        2810 LONGSPUR DRIVE
 FULLERTON                               CA         92635           70,000
    69,947.66       13.99        314,834       283,456        3,846
 96/09/19       21/10/03          300       298       112.27
 Y       SFR          C          2
 550626213         2534548        8664 KIM LANE
 RIVERSIDE                               CA         92509           25,000
    24,976.04       13.25        140,000       116,525        1,653
 96/10/14       16/11/07          240       239       101.09
 Y       SFR          C          2
 550635716         2534549        38911 EMERSON DRIVE
 PALMDALE                                CA         93551           25,000
    24,880.96       14.99        129,000       122,500        2,019
 96/05/18       16/06/01          240       234       114.34
 Y       SFR          C          2
 550599522         2534550        6525 CHARTER DRIVE
 COLORADO SPRINGS                        CO         80918           25,500
    25,417.43       13.75        120,000       116,500        1,555
 96/08/05       16/08/22          240       236       118.33
 Y       SFR          C          2
 550601461         2534551        1114 W. AVENUE J-13
 LANCASTER                               CA         93534           18,000
    17,943.11       13.75         82,000        72,000        1,094
 96/07/27       16/09/25          240       237       109.76
 Y       SFR          C          2
 550608433         2534552        947 ISHI GOTO STREET
 STOCKTON                                CA         95206           40,000
    39,791.60       14.49        118,000       106,208        2,420
 96/04/12       16/04/17          240       232       123.91
 Y       SFR          C          2
 550571794         2534553        1906 MONTICELLO AVENUE
 MODESTO                                 CA         95350           25,000
    24,789.01       14.99         97,000        86,000        1,116
 96/04/25       11/05/24          180       173       114.43
 Y       SFR          C          2
 550574499         2534554        560 E. PIONEER ROAD
 LAKE ARROWHEAD                          CA         92352           39,000
    38,856.61       14.49        160,000       108,000        1,291
 96/05/10       16/05/24          240       233        91.88
 Y       SFR          C          2
 550583885         2534555        1405 ALDER DRIVE
 CLOVIS                                  CA         93612           40,000
    39,971.49       14.25        126,226       109,537        2,636
 96/09/10       21/10/18          300       298       118.47
 Y       SFR          C          2

 
 550535509         2534556        930 WRIGHT ROAD
 HOLLISTER                               CA         85023           75,000
    74,633.27       14.25        235,000       175,000        2,157
 96/07/30       11/09/11          180       177       106.38
 Y       SFR          C          2
 550549582         2534557        738 DORCHESTER CIRCLE
 LODI                                    CA         95240           35,000
    34,897.84       14.50        150,000       117,227        1,946
 96/07/31       16/08/13          240       236       101.48
 Y       SFR          C          2
 550568344         2534558        1839 WEST FALMOUTH AVE
 ANAHEIM                                 CA         92801           20,000
    19,965.69       13.25        102,000        98,808        1,452
 96/10/15       16/11/15          240       239       116.48
 Y       COND         C          2
 550439503         2534559        5044 CALDERON ROAD
 WOODLAND HILLS AREA                     CA         91364           30,000
    29,853.29       14.25        199,100       171,809        3,174
 96/09/17       11/10/07          180       178       101.36
 Y       SFR          C          2
 550507971         2534560        170 LOMA MEDIA
 SANTA BARBARA                           CA         93103           15,000
    14,972.64       15.75        250,000       210,242        1,303
 96/09/10       16/09/17          240       237        90.10
 Y       SFR          C          2
 550378055         2534561        2720 POLE LINE ROAD #4
 DAVIS                                   CA         95616           25,000
    24,966.39       15.00         95,000        68,267        1,270
 96/09/19       16/10/11          240       238        98.18
 Y       COND         C          2
 550437468         2534562        2762 LA SALLE POINTE
 CHINO HILLS                             CA         91709           36,500
    35,636.71       13.50        194,000       206,000        3,014
 96/10/15       01/10/22           60        58       125.00
 Y       SFR          C          2
 550356266         2534563        7015 SCHILLING AVENUE
 SAN DIEGO                               CA         92126           50,000
    50,000.00       15.25        195,000       161,757        2,785
 96/11/11       21/12/15          300       300       108.59
 Y       SFR          C          2
 550356501         2534564        3164 CAMBRIDGE ROAD
 CAMERON PARK                            CA         95682           38,000
    37,870.70       13.75        150,660       135,592        2,035
 96/08/01       11/09/19          180       177       115.22
 Y       SFR          C          2
 550359546         2534565        23961 CRUISE CIRCLE DR
 CANYON LAKE                             CA         92587           30,500
    30,435.91       14.75        114,000       109,698        2,372
 96/08/12       16/08/28          240       236       122.98
 Y       SFR          C          2
 550296116         2534566        8393 HILLSBROOK DRIVE
 ANTELOPE                                CA         95843           12,400
    12,379.65       14.25        142,000       137,000        1,899
 96/10/11       11/10/15          180       178       105.21
 Y       SFR          C          2
 550330723         2534567        355 BIRCHWOOD COURT
 IONE                                    CA         95640           36,000
    35,971.35       13.75        152,500       129,465        2,257
 96/10/17       16/11/08          240       239       108.50
 Y       SFR          C          2
 550331887         2534568        936 WEST 18TH STREET #
 COSTA MESA                              CA         92627           45,000
    44,961.50       13.25        181,560       125,258        2,689
 96/08/27       21/10/07          300       298        93.78
 Y       SFR          C          2
 550259482         2534569        4201 DELTA FAIR BOULEV
 ANTIOCH                                 CA         94509           25,000
    24,898.95       14.99        100,000        96,970        1,588
 96/05/07       16/05/13          240       233       121.97
 Y       SFR          C          2

 
 550270664         2534570        2931 W. 135TH PLACE
 GARDENA                                 CA         90249           17,500
    17,480.86       15.75        160,000       165,530        2,127
 96/07/31       21/08/15          300       296       114.39
 Y       SFR          C          2
 550274748         2534571        1425 FLORA STREET
 CROCKETT                                CA         94525           17,000
    16,946.23       14.50        105,350       100,000        1,510
 96/08/15       11/09/27          180       177       111.06
 Y       SFR          C          2
 550191424         2534572        1626 CARMEL CIRCLE WES
 UPLAND                                  CA         91784           20,000
    20,000.00       13.75        140,000       128,886        2,160
 96/11/20       16/12/15          240       240       106.35
 Y       SFR          C          2
 550195778         2534573        11256 SCHUYLER AVENUE
 RIVERSIDE                               CA         92503           20,000
    19,847.02       13.99        107,000        89,417        1,671
 96/07/09       11/07/15          180       175       102.26
 Y       SFR          C          2
 550150062         2534574        4288 CHINQUAPIN WAY
 SACRAMENTO                              CA         95823           25,000
    24,970.80       15.99        115,000       112,985        1,569
 96/10/01       16/10/07          240       238       119.99
 Y       SFR          C          2
 550171285         2534575        362 E. 13TH STREET
 AZUSA                                   CA         91702           35,000
    34,682.80       15.75        187,000       172,816        2,080
 96/07/12       16/07/26          240       235       111.13
 Y       SFR          C          2
 550176432         2534576        1803 CHESTNUT STREET
 REDDING                                 CA         96001           34,000
    33,978.90       15.00        140,000       137,000        2,105
 96/07/22       21/09/17          300       297       122.14
 Y       SFR          C          2
 550112440         2534577        860 SUMMERSONG COURT
 ENCINITAS                               CA         92024           40,000
    39,743.47       14.49        250,000       183,197        3,169
 96/05/13       16/05/22          240       233        89.28
 Y       SFR          C          2
 5501334271        2534578        12767 DOUGLAS STREET
 YUCAIPA                                 CA         92399           29,500
    29,348.79       16.75        113,000       111,700        1,742
 96/06/06       11/07/24          180       175       124.96
 Y       SFR          C          2
 550133868         2534579        15998 OAK HILL DRIVE
 CHINO HILLS                             CA         91709           50,000
    49,971.68       15.49        182,699       169,094        3,112
 96/10/07       21/10/15          300       298       119.92
 Y       SFR          C          2
 550062818         2534580        16417 OREGON AVENUE
 BELLFLOWER                              CA         90706           45,000
    44,977.91       16.25        176,900       164,035        2,117
 96/09/17       21/10/03          300       298       118.17
 Y       SFR          C          2
 550063668         2534581        11842 JULIUS AVENUE
 DOWNEY                                  CA         90241           25,000
    24,721.59       14.25        210,000       186,995        1,485
 96/07/29       11/08/05          180       176       100.95
 Y       SFR          C          2
 550068441         2534582        1824 WARING STREET
 SEASIDE                                 CA         93955           28,500
    28,174.19       13.25        125,000        87,308        1,180
 96/08/08       11/08/19          180       176        92.65
 Y       SFR          C          2
 550028304         2534583        8528 SAN CLEMENTE DRIV
 RANCHO CUCAMONGA                        CA         91730           31,500
    30,982.76       13.25        129,000       125,357        2,399
 96/08/05       06/08/15          120       116       121.59
 Y       SFR          C          2

 
 550045698         2534584        121 NORTH PUEBLO AVENU
 OJAI                                    CA         93023           40,000
    39,825.68       13.25        115,000        70,649          573
 96/07/12       16/07/17          240       235        96.22
 Y       SFR          C          2
 550061908         2534585        7605 CURBARIL AVENUE
 ATASCADERO                              CA         93422           25,000
    25,000.00       13.75        145,000       131,822        1,488
 96/11/13       21/12/18          300       300       108.15
 Y       SFR          C          2
 549923227         2534586        1826 CARTLEN DRIVE
 PLACENTIA                               CA         92670           40,000
    39,809.07       14.50        220,000       185,000        3,473
 96/09/11       11/09/20          180       177       102.27
 Y       SFR          C          2
 550024879         2534587        26788 MADIGAN DRIVE
 SANTA CLARITA                           CA         91351           35,000
    34,939.97       13.25        159,000       145,565        1,929
 96/10/09       16/10/15          240       238       113.56
 Y       SFR          C          2
 549903998         2534588        2310 DIAMOND BAR BLVD.
 DIAMOND BAR                             CA         91765           24,900
    24,715.17       15.49        125,000       109,119        1,644
 96/06/19       16/07/13          240       235       107.22
 Y       SFR          C          2
 549907916         2534589        3104 KEY LARGO COURT
 ANTELOPE                                CA         95843           24,999
    24,939.66       13.99        135,000       130,000        1,441
 96/09/05       16/09/11          240       237       114.81
 Y       SFR          C          2
 549908813         2534590        4879 ALTA MESA WAY
 LAS VEGAS                               NV         89122           25,000
    24,978.66       15.50         85,000        75,640        1,215
 96/08/23       21/09/01          300       297       118.40
 Y       SFR          C          2
 549881172         2534591        1421 7TH PLACE
 DELANO                                  CA         93215           75,000
    74,932.93       15.25        160,000       100,597        3,384
 96/08/19       21/09/12          300       297       109.75
 Y       SFR          C          2
 549887057         2534592        455 U STREET
 RIO LINDA                               CA         95673           25,000
    24,959.73       14.25        105,000        73,406        1,280
 96/10/16       11/11/01          180       179        93.72
 Y       SFR          C          2
 549903540         2534593        10922 MOLETTE STREET
 NORWALK                                 CA         90650           47,000
    46,840.09       13.75        140,000       110,500        2,880
 96/10/02       11/10/09          180       178       112.50
 Y       SFR          C          2
 549802243         2534594        40247 BESCO DRIVE
 FREMONT                                 CA         94538           50,000
    49,225.76       15.49        200,000       176,640        5,397
 96/09/18       16/10/01          240       238       113.32
 Y       SFR          C          2
 549848271         2534595        3212 EAST MEADOW LANE
 VISALIA                                 CA         93292           30,000
    29,902.87       13.75         90,000        78,251        1,180
 96/08/13       16/08/21          240       236       120.28
 Y       SFR          C          2
 549853323         2534596        7544 W. 90TH STREET
 LOS ANGELES                             CA         90045           50,000
    49,748.18       14.49        255,000       240,799        3,891
 96/05/10       16/05/21          240       233       114.04
 Y       SFR          C          2
 549766794         2534597        20311 CRYSTAL DRIVE
 HILMAR                                  CA         95324           28,000
    27,955.99       14.50         90,000        70,267        1,181
 96/10/12       11/11/08          180       179       109.19
 Y       SFR          C          2

 
 549776416         2534598        1214 NORTH SUNFLOWER A
 COVINA                                  CA         91724           45,000
    44,690.27       13.75        198,000       164,484        2,579
 96/06/29       11/08/08          180       176       105.80
 Y       COND         C          2
 549706009         2534599        1436 MARBLE COURT
 YUBA CITY                               CA         95993           52,000
    51,821.91       15.00        166,000       155,464        2,462
 96/06/19       16/07/01          240       235       124.98
 Y       SFR          C          2
 549742208         2534600        72 SETON ROAD
 IRVINE                                  CA         92715           56,000
    55,739.19       14.75        275,000       206,524        2,532
 96/08/29       11/09/09          180       177        95.46
 Y       COND         C          2
 549743803         2534601        40312 RAYMER ROAD
 HEMET                                   CA         92544           62,000
    62,000.00       13.25        145,000        91,020        1,843
 96/11/06       21/12/20          300       300       105.53
 Y       SFR          C          2
 549648748         2534602        1075 CAMINO VERDE CIRC
 WALNUT CREEK                            CA         94596           50,000
    49,894.93       14.75        303,000       296,245        3,284
 96/09/04       16/09/15          240       237       114.27
 Y       SFR          C          2
 549673973         2534603        801 TURNER STREET
 MODESTO                                 CA         95351           32,000
    31,963.94       14.00        115,000        81,278          760
 96/08/26       21/09/16          300       297        98.50
 Y       SFR          C          2
 549699656         2534604        4412 CORNFIELD WAY
 ELK GROVE                               CA         95758           45,000
    44,964.85       13.75        187,100       187,000        2,908
 96/10/01       21/10/22          300       298       124.00
 Y       SFR          C          2
 549597549         2534605        15630 MULVANE STREET
 LA PUENTE                               CA         91744           38,500
    37,246.68       13.75        177,500       175,795        2,156
 96/07/30       16/08/16          240       236       120.73
 Y       SFR          C          2
 5495978991        2534606        11807 RUSTIC PLACE
 FONTANA                                 CA         92337           30,000
    29,641.61       13.50        130,000       120,114           59
 96/07/02       11/07/16          180       175       115.47
 Y       SFR          C          2
 549633114         2534607        28808 RAINTREE LANE
 SAUGUS                                  CA         91355           35,000
    34,958.77       13.75        176,200       175,201        1,938
 96/08/22       21/09/11          300       297       119.30
 Y       SFR          C          2
 549537958         2534608        502 E. WATSON DRIVE
 TEMPE                                   AZ         85283           29,600
    29,437.53       14.99         82,000        67,077          998
 96/05/13       16/05/22          240       233       117.90
 Y       SFR          C          2
 549561188         2534609        32189 VIA FLORE
 TEMECULA                                CA         92592           35,000
    35,000.00       15.75        161,750       150,570        1,878
 96/10/21       21/11/27          300       300       114.73
 Y       SFR          C          2
 549595681         2534610        6274 BEECHWOOD AVENUE
 SAN BERNARDINO                          CA         92407           30,000
    29,957.30       15.50        137,000       131,604        1,859
 96/10/17       11/10/28          180       178       117.96
 Y       SFR          C          2
 549493274         2534611        145 CALIFORNIA COURT
 MISSION VIEJO                           CA         92692           30,400
    30,348.57       13.75        168,750       136,871        2,134
 96/10/10       11/11/01          180       179        99.12
 Y       COND         C          2

 
 549503384         2534612        1302 E. MEDA AVENUE
 GLENDORA                                CA         91740           50,000
    49,957.23       13.25        248,000       207,000        2,016
 96/09/10       21/10/11          300       298       103.63
 Y       SFR          C          2
 549513370         2534613        21016 DEL ORO ROAD
 APPLE VALLEY                            CA         92307           40,000
    39,965.79       15.49         87,782        53,470        1,198
 96/09/16       21/09/24          300       297       106.48
 Y       SFR          C          2
 549475851         2534614        39 ARGENTO DRIVE
 MISSION VIEJO                           CA         92692           28,500
    28,398.22       13.25        242,000       230,311        3,178
 96/10/10       11/10/18          180       178       106.95
 Y       SFR          C          2
 549477352         2534615        24371 BOSTWICK DRIVE
 MORENO VALLEY                           CA         92553           25,000
    24,827.90       13.75        125,000       121,642        1,163
 96/07/12       11/07/22          180       175       117.31
 Y       SFR          C          2
 549478821         2534616        9729 RED CEDAR CIRCLE
 SACRAMENTO                              CA         95827           19,100
    19,025.15       13.75        105,000       103,258        1,414
 96/10/11       06/10/15          120       118       116.53
 Y       SFR          C          2
 549469984         2534617        131 POR LA MAR CIRCLE
 SANTA BARBARA                           CA         93103           60,000
    59,692.03       13.75        185,000       141,281        4,146
 96/09/05       11/09/17          180       177       108.80
 Y       SFR          C          2
 549470972         2534618        44830 CAMINO ALAMOSA
 TEMECULA                                CA         92592           20,000
    19,916.77       14.75        150,000       116,362        2,000
 96/06/13       21/07/12          300       295        90.91
 Y       SFR          C          2
 549475531         2534619        11662 CAPRI DRIVE
 GARDEN GROVE                            CA         92641           40,000
    39,758.36       15.25        195,000       196,048        3,145
 96/08/19       11/09/05          180       177       121.05
 Y       SFR          C          2
 549434930         2534620        9412 TWIN LAKES AVENUE
 ORANGEVALE                              CA         95662           30,000
    29,873.04       15.49        145,000       124,000        1,137
 96/09/05       21/10/02          300       298       106.21
 Y       SFR          C          2
 549458524         2534621        15181 KIMBALL STREET
 HESPERIA                                CA         92345           27,000
    26,776.40       14.25        165,000       124,210        1,973
 96/06/06       11/07/02          180       175        91.64
 Y       SFR          C          2
 549464389         2534622        1214 HERALD STREET
 REDLANDS                                CA         92374           16,000
    15,854.77       13.25        125,000       123,896        1,475
 96/06/13       11/06/28          180       174       111.92
 Y       SFR          C          2
 549379354         2534623        611 BARTLETT AVENUE
 WOODLAND                                CA         95695           75,000
    74,951.26       14.75        365,000       308,000        2,127
 96/09/12       21/10/11          300       298       104.93
 Y       SFR          C          2
 549392105         2534624        3422 41ST STREET
 SAN DIEGO                               CA         92105           40,000
    39,847.98       14.25         91,000        72,218        1,289
 96/06/19       16/07/01          240       235       123.32
 Y       SFR          C          2
 549400111         2534625        9204 GIG HARBOR COURT
 BAKERSFIELD                             CA         93312           30,000
    29,959.61       14.99        135,000       125,023        1,602
 96/09/30       16/10/07          240       238       114.83
 Y       SFR          C          2

 
 549276186         2534626        13762 VISTA GRANDE DRI
 CHINO HILLS                             CA         91710           50,000
    49,868.59       15.25        297,865       226,187        3,161
 96/07/12       16/07/26          240       235        92.72
 Y       SFR          C          2
 549356979         2534627        911 LA QUINTA WAY
 NORCO                                   CA         91760           32,500
    32,333.16       13.75        138,000       107,195        1,544
 96/08/28       11/09/15          180       177       101.23
 Y       SFR          C          2
 549255425         2534628        8002 MILLIKEN AVENUE
 WHITTIER                                CA         90602           61,000
    60,862.56       14.25        244,000       204,986        3,453
 96/08/14       16/09/27          240       237       109.01
 Y       SFR          C          2
 549275230         2534629        1588 DOUGLAS AVENUE
 CLOVIS                                  CA         93611           50,000
    49,948.65       14.50        124,500        97,747        2,464
 96/08/30       21/09/12          300       297       118.67
 Y       SFR          C          2
 549230677         2534630        1444 SOUTH SIMS AVENUE
 RIDGECREST                              CA         93555           25,000
    24,882.74       14.49         85,000        51,882        1,582
 96/05/25       16/06/14          240       234        90.45
 Y       SFR          C          2
 549255160         2534631        602 EAST SUNSET DRIVE
 REDLANDS                                CA         92373           36,500
    36,325.61       14.49        268,000       241,405        3,768
 96/07/24       11/08/01          180       176       103.70
 Y       SFR          C          2
 549172906         2534632        1047 DONALDSON WAY
 AMERICAN CANYON                         CA         94589           47,500
    47,485.35       15.00        175,600       170,300        2,627
 96/10/13       21/11/01          300       299       124.03
 Y       SFR          C          2
 549193564         2534633        2005 ONYX STREET
 ROSEVILLE                               CA         95678           24,000
    23,981.25       13.75        136,000       133,000        1,509
 96/10/02       21/10/15          300       298       115.44
 Y       SFR          C          2
 549210152         2534634        15704 56TH AVENUE W
 EDMONDS                                 WA         98026           35,000
    34,978.24       14.99        128,000       116,150        1,393
 96/09/30       21/10/15          300       298       118.09
 Y       SFR          C          2
 549139292         2534635        838 NORTH SHAFTESBURY
 SAN DIMAS                               CA         91773           35,000
    34,987.60       14.25        167,000       153,668        1,876
 96/10/16       21/11/01          300       299       112.97
 Y       SFR          C          2
 549152901         2534636        5880 WEST 75TH STREET
 LOS ANGELES                             CA         90045           75,000
    74,953.45       15.00        218,000       196,657        2,870
 96/10/16       21/10/28          300       298       124.61
 Y       SFR          C          2
 5491158911        2534637        2208 RUHLAND AVENUE
 REDONDO BEACH                           CA         90278           45,850
    45,625.77       14.25        364,900       304,281        3,856
 96/08/20       11/09/03          180       177        95.95
 Y       SFR          C          2
 549118682         2534638        2011 SOUTH RAYMOND AVE
 ALHAMBRA                                CA         91803           63,000
    62,781.56       13.25        150,000       123,618        2,232
 96/07/10       16/07/23          240       235       124.41
 Y       SFR          C          2
 549119384         2534639        14932 GENEVA STREET
 IRVINE                                  CA         92714           40,000
    39,692.58       15.00        255,000       198,811        2,386
 96/06/27       11/08/01          180       176        93.65
 Y       SFR          C          2

 
 549042514         2534640        2137 EL PASILLO LANE
 SPRING VALLEY                           CA         91977           33,000
    32,979.49       14.99        102,988        90,761        1,981
 96/10/02       21/10/08          300       298       120.17
 Y       SFR          C          2
 549046074         2534641        1312 WALES AVENUE
 GLENDORA                                CA         91740           40,000
    39,970.34       16.25        177,000       168,000        3,167
 96/08/16       21/09/01          300       297       117.51
 Y       SFR          C          2
 549089416         2534642        2373 LILY COURT
 CORONA                                  CA         91719           40,000
    39,871.09       14.50        111,310        91,317        2,624
 96/07/09       16/07/16          240       235       117.97
 Y       SFR          C          2
 548936480         2534643        709 ROWLEY COURT
 ROSEVILLE                               CA         95747           58,500
    58,460.10       14.49        148,000       126,212        1,982
 96/10/04       21/10/10          300       298       124.81
 Y       SFR          C          2
 548941020         2534644        1285 KENTON DRIVE
 MONTEREY PARK                           CA         91755           40,000
    39,244.40       14.25        231,000       188,818        2,434
 96/07/24       11/08/13          180       176        99.06
 Y       SFR          C          2
 548944079         2534645        7395 WESTBROOK AVENUE
 SAN DIEGO                               CA         92139           30,000
    29,973.65       15.49        185,000       190,434        2,110
 96/09/06       21/09/14          300       297       119.15
 Y       SFR          C          2
 548910836         2534646        2886 STALLION WAY
 SAN JOSE                                CA         95121           33,000
    32,942.80       13.50        196,250       169,922        2,593
 96/10/11       11/11/22          180       179       103.40
 Y       SFR          C          2
 548925559         2534647        6163 NAPA AVENUE
 RANCHO CUCAMONGA                        CA         91701           50,000
    49,962.62       13.99        179,288       170,452        2,238
 96/10/17       21/10/24          300       298       122.96
 Y       SFR          C          2
 548926099         2534648        2717 RALSTON LANE
 REDONDO BEACH                           CA         90278           40,000
    39,892.32       14.50        250,300       209,577        3,636
 96/09/11       16/10/03          240       238        99.71
 Y       SFR          C          2
 548855937         2534649        25801 HILLS DRIVE
 MECHANICSVILLE                          MD         20659           32,500
    32,147.88       16.50        115,200       111,000        1,899
 96/11/06       01/11/12           60        59       124.57
 Y       SFR          C          2
 548862923         2534650        2579 ROAD RUNNER DRIVE
 LA VERNE                                CA         91750           75,000
    74,953.39       14.99        369,300       325,020        4,991
 96/10/09       21/10/15          300       298       108.32
 Y       SFR          C          2
 548884108         2534651        2700 SENASAC AVENUE
 LONG BEACH                              CA         90815           55,000
    54,860.43       15.50        190,000       180,807        3,495
 96/07/23       16/08/15          240       236       124.11
 Y       SFR          C          2
 548767708         2534652        3708 GUM TREE GLEN
 ESCONDIDO                               CA         92025           36,800
    36,752.51       13.25        200,000       199,604        2,504
 96/08/21       21/09/12          300       297       118.20
 Y       SFR          C          2
 548786815         2534653        169 ROCKWOOD
 IRVINE                                  CA         92714           30,000
    29,905.03       14.49        155,000       117,495        1,627
 96/10/09       11/10/15          180       178        95.16
 Y       COND         C          2

 
 548835868         2534654        4767 TOLAND WAY
 LOS ANGELES                             CA         90042           25,000
    24,036.74       13.25        150,000        94,815        1,727
 96/08/23       11/09/25          180       177        79.88
 Y       SFR          C          2
 548742246         2534655        1077 HAWTHORNE CIRCLE
 ROHNERT PARK                            CA         94928           30,000
    29,914.76       14.99        233,000       174,683        1,887
 96/06/20       16/07/27          240       235        87.85
 Y       SFR          C          2
 548749456         2534656        1780 WEST BROADWAY
 EUGENE                                  OR         97402           23,000
    22,900.50       15.99         95,000        71,000        1,303
 96/08/21       11/08/26          180       176        98.95
 Y       SFR          C          2
 548703739         2534657        1414 COTTONWOOD STREET
 ONTARIO                                 CA         91761           40,000
    39,108.51       14.99        167,000       144,587        3,007
 96/06/10       16/06/14          240       234       110.53
 Y       SFR          C          2
 548726139         2534658        2138 N. SUNRISE ACRES
 PRINEVILLE                              OR         97754           10,000
     9,972.70       15.99        165,000        96,997        2,050
 96/09/24       11/10/01          180       178        64.85
 Y       SFR          C          2
 5487268731        2534659        26242 VIA MISTRAL
 SAN JUAN CAPISTRANO                     CA         92675           19,000
    18,946.43       14.75        147,949       128,714        1,471
 96/07/15       16/08/20          240       236        99.84
 Y       SFR          C          2
 5486516311        2534660        26102 DUNDEE DRIVE
 LAKE FOREST                             CA         92630           50,000
    49,946.24       14.25        210,000       191,163        2,579
 96/08/30       21/09/17          300       297       114.84
 Y       SFR          C          2
 548695462         2534661        24448 FITZ STREET
 MORENO VALLEY                           CA         92551           25,000
    24,963.95       14.50         80,000        63,140          929
 96/08/16       16/09/19          240       237       110.18
 Y       SFR          C          2
 548695466         2534662        53270 AVENIDA JUAREZ
 LA QUINTA                               CA         92253           25,000
    24,891.03       13.25        149,000       119,542        1,446
 96/07/30       16/08/08          240       236        97.01
 Y       SFR          C          2
 548631351         2534663        38 EATON COURT
 WOODLAND                                CA         95776           47,500
    47,385.30       13.75        250,000       186,540        2,793
 96/07/23       16/09/16          240       237        93.62
 Y       SFR          C          2
 548634697         2534664        3095 MOUNTAIN VIEW DRI
 LAGUNA BEACH                            CA         92651           52,800
    52,174.34       13.25        380,000       376,095        3,557
 96/08/22       16/09/01          240       237       112.87
 Y       SFR          C          2
 548637235         2534665        6790 GARDENIA AVENUE
 LONG BEACH                              CA         90805           40,000
    39,968.75       13.75        150,300       131,189          389
 96/09/27       21/10/10          300       298       113.90
 Y       SFR          C          2
 548574791         2534666        1336 GALEN STREET
 DUARTE                                  CA         91010           46,000
    45,966.30       14.25        144,499       124,292        2,164
 96/09/13       21/09/26          300       297       117.85
 Y       SFR          C          2
 548588124         2534667        2925 NORTHEAST 23RD ST
 GRESHAM                                 OR         97030           75,000
    74,573.27       13.75        114,300        58,883        2,354
 96/08/20       11/08/27          180       176       117.13
 Y       SFR          C          2

 
 548623900         2534668        1757 DONNER CIRCLE
 SALINAS                                 CA         93906           63,750
    63,717.14       15.99        148,000       111,208        1,728
 96/09/20       21/09/26          300       297       118.21
 Y       SFR          C          2
 548543322         2534669        22481 FOREST HILL
 LAKE FOREST                             CA         92630           45,000
    44,757.60       13.25        245,000       226,644        4,044
 96/08/17       11/09/01          180       177       110.88
 Y       SFR          C          2
 548565804         2534670        425 HANFORD GLEN
 ESCONDIDO                               CA         92027           18,000
    17,974.02       14.25        120,000       118,178        1,300
 96/07/03       21/08/01          300       296       113.48
 Y       SFR          C          2
 548567383         2534671        7367 FLINTSTONE STREET
 LAS VEGAS                               NV         89123           35,000
    34,974.06       16.25        147,000       132,242        1,791
 96/08/06       21/09/01          300       297       113.77
 Y       SFR          C          2
 548490549         2534672        6397 NORTH GARDEN AVEN
 FRESNO                                  CA         93710           49,150
    48,961.08       12.49        132,000       111,898        2,576
 96/07/30       16/08/23          240       236       122.01
 Y       SFR          C          2
 548497242         2534673        289 1ST STREET
 SOLVANG                                 CA         93463           56,000
    56,000.00       14.00        229,000       186,505        2,165
 96/11/20       21/12/15          300       300       105.90
 Y       SFR          C          2
 548510626         2534674        6349 SHADY SPRINGS
 CITRUS HEIGHTS                          CA         95621           26,300
    25,885.03       14.99        132,000       129,159        1,284
 96/05/18       16/05/24          240       233       117.77
 Y       SFR          C          2
 548473207         2534675        7051 CRANLEIGH AVENUE
 SACRAMENTO                              CA         95823           47,000
    46,973.39       15.49        137,000       123,000        1,967
 96/09/24       21/10/07          300       298       124.09
 Y       SFR          C          2
 548474138         2534676        13732 BOSTON COURT
 FONTANA                                 CA         92336           37,000
    35,942.94       13.25        160,000       121,496        2,354
 96/07/02       11/08/01          180       176        99.06
 Y       SFR          C          2
 548477420         2534677        21709 MALDEN STREET
 LOS ANGELES                             CA         91304           24,950
    24,909.80       14.25        175,000       171,721        2,635
 96/10/21       11/11/15          180       179       112.38
 Y       SFR          C          2
 548457440         2534678        5305 BLUE SAGE DRIVE
 PALMDALE                                CA         93552           28,000
    27,807.25       13.75        110,000        83,964        1,170
 96/07/26       11/08/26          180       176       101.79
 Y       SFR          C          2
 548470504         2534680        5893 WEST LOCUST AVENU
 FRESNO                                  CA         93722           26,650
    26,621.80       14.49        106,000       105,213        1,562
 96/10/04       16/11/01          240       239       124.40
 Y       SFR          C          2
 548411845         2534681        2208 WYNDMOOR COURT
 MODESTO                                 CA         95351           40,000
    39,717.96       13.50        128,000       118,075        1,081
 96/07/09       11/08/19          180       176       123.50
 Y       SFR          C          2
 548412749         2534682        685 E. SIERRA AVENUE
 FRESNO                                  CA         93710           32,500
    32,417.44       14.49        107,000       100,454          370
 96/10/17       16/11/01          240       239       124.26
 Y       SFR          C          2

 
 548418847         2534683        1532 EAST BANYAN STREE
 ONTARIO                                 CA         91761           27,500
    27,452.41       13.25        130,000       122,432        1,644
 96/08/26       21/09/06          300       297       115.33
 Y       SFR          C          2
 548374519         2534684        6462 NORTH WHEELER STR
 FRESNO                                  CA         93722           25,000
    24,928.38       15.50        165,000       162,851        1,783
 96/10/03       11/10/01          180       178       113.85
 Y       SFR          C          2
 548394216         2534685        6332 A 26TH AVENUE SW
 SEATTLE                                 WA         98106           15,000
    14,951.23       13.99         83,000        82,861          960
 96/08/22       16/09/01          240       237       117.90
 Y       SFR          C          2
 548396131         2534686        1873 PINYON PLACE
 LA VERNE                                CA         91750           49,900
    49,756.90       15.49        143,000       126,604        1,758
 96/09/10       11/09/18          180       177       123.43
 Y       SFR          C          2
 548333948         2534687        1338 FUCHSIA STREET
 UPLAND                                  CA         91784           25,000
    24,908.09       14.49        212,000       210,928        2,982
 96/05/14       16/06/01          240       234       111.29
 Y       SFR          C          2
 548350643         2534688        166 YASOU DEMAS COURT
 SAN JOSE                                CA         95119           30,502
    30,479.36       14.25        173,000       164,572        2,412
 96/10/18       16/11/26          240       239       112.76
 Y       SFR          C          2
 548319542         2534689        87 VILLANOVA AVENUE
 OXNARD                                  CA         93030           20,000
    19,897.34       13.75        182,500       132,060        1,705
 96/07/09       11/09/04          180       177        83.32
 Y       SFR          C          2
 548331586         2534690        2951 LOS OLIVOS LANE
 LA CRESCENTA                            CA         91214           22,000
    22,000.00       13.25        210,000       215,478        2,622
 96/11/26       16/12/15          240       240       113.08
 Y       SFR          C          2
 548332103         2534691        5672 LYNNBROOK PLAZA
 YORBA LINDA                             CA         92686           54,800
    54,534.27       13.75        192,229       185,408        2,466
 96/09/12       21/10/03          300       298       124.96
 Y       SFR          C          2
 548276829         2534692        40675 NORMAN ROAD
 CHERRY VALLEY                           CA         92223           50,000
    49,982.29       14.25        224,500       185,090        3,743
 96/10/24       21/11/15          300       299       104.72
 Y       SFR          C          2
 548312895         2534693        3121 EAST MILANO #B
 ONTARIO                                 CA         91761           24,500
    24,430.85       13.75        141,360       110,067        1,266
 96/09/18       21/10/07          300       298        95.19
 Y       SFR          C          2
 548313040         2534694        4284 SUFFOLK STREET
 RIVERSIDE                               CA         92509           25,000
    24,971.83       14.00        121,810       118,000        1,509
 96/08/23       21/09/15          300       297       117.40
 Y       SFR          C          2
 548198394         2534695        1635 AGNEW STREET
 SIMI VALLEY                             CA         93065           50,000
    49,964.17       14.50        155,000       142,448        1,694
 96/10/09       16/11/01          240       239       124.16
 Y       SFR          C          2
 548208881         2534696        1715 WEST ROBIN ROAD
 ORANGE                                  CA         92668           25,000
    24,889.41       10.99        150,000        79,418          992
 96/09/20       11/10/07          180       178        69.61
 Y       SFR          C          2

 
 548215264         2534697        7418 AUSPICIOUS WAY
 SACRAMENTO                              CA         95842           25,000
    24,972.29       14.99        113,000       113,000        1,642
 96/10/09       21/11/01          300       299       122.12
 Y       SFR          C          2
 548151043         2534699        600 AMBER LANE
 SANTA MARIA                             CA         93454           30,000
    29,909.33       14.25        151,000       154,463        2,147
 96/07/31       16/08/19          240       236       122.16
 Y       SFR          C          2
 548172925         2534700        822 A STREET
 CROCKETT                                CA         94525           25,000
    24,902.84       14.99        130,000       129,040        2,015
 96/06/03       16/06/07          240       234       118.49
 Y       SFR          C          2
 548110402         2534701        7192 NORTH IVANHOE AVE
 FRESNO                                  CA         93722           19,000
    18,958.15       16.50         98,000       102,761        1,242
 96/07/02       16/08/01          240       236       124.25
 Y       SFR          C          2
 548111983         2534702        2339 WEST BLACKMAN LAN
 VISALIA                                 CA         93277           35,000
    34,844.62       14.49        120,000        94,091        1,923
 96/04/25       16/05/03          240       233       107.58
 Y       SFR          C          2
 548118229         2534703        1708 CHANDON WAY
 OAKLEY                                  CA         94561           20,000
    19,976.45       13.75        152,500       147,698        2,026
 96/07/29       21/09/10          300       297       109.97
 Y       SFR          C          2
 548064537         2534704        14155 ST. TROPEZ COURT
 MORENO VALLEY                           CA         92553           20,000
    19,816.09       13.49        103,990       105,542        1,890
 96/04/02       16/04/13          240       232       120.73
 Y       SFR          C          2
 548071841         2534705        12144 INDIAN STREET
 MORENO VALLEY                           CA         92557           23,000
    22,890.22       13.25         90,000        76,668        1,103
 96/10/18       21/11/01          300       299       110.74
 Y       SFR          C          2
 548087367         2534706        9000 SEAHURST COURT
 BAKERSFIELD                             CA         93312           15,000
    14,901.61       14.25        111,930       105,281        1,284
 96/07/05       11/08/13          180       176       107.46
 Y       SFR          C          2
 547964016         2534707        1740 SPEYER LANE
 REDONDO BEACH                           CA         90278           75,000
    74,781.07       14.50        248,000       202,196        2,688
 96/08/09       16/08/15          240       236       111.77
 Y       SFR          C          2
 548047997         2534708        25625 BLOSSOM PARK STR
 LAKE FOREST                             CA         92630           68,900
    68,733.71       13.75        181,000       152,707        3,201
 96/09/13       16/10/04          240       238       122.43
 Y       SFR          C          2
 547914444         2534709        7717 LAUREL CANYON BLV
 NORTH HOLLYWOOD                         CA         91605           30,000
    29,981.34       14.99         90,000        40,449          495
 96/09/27       21/10/03          300       298        78.28
 Y       COND         C          2
 547936173         2534710        1447 WEST HOLLAND AVEN
 FRESNO                                  CA         93705           50,000
    49,987.23       16.00        100,000        71,366        1,924
 96/10/15       21/11/05          300       299       121.37
 Y       SFR          C          2
 547941612         2534711        15910 LAHEY STREET
 GRANADA HILLS                           CA         91344           41,500
    41,357.89       15.00        160,000       158,433        1,073
 96/07/01       16/07/15          240       235       124.96
 Y       SFR          C          2

 
 547826115         2534712        12919 SAN MARCOS PLACE
 CHINO                                   CA         91710           20,000
    19,838.94       14.50        216,900       206,050        1,876
 96/06/18       11/06/27          180       174       104.22
 Y       SFR          C          2
 547865729         2534713        43740 ACACIA DRIVE
 PALM DESERT                             CA         92260           74,500
    74,440.72       13.75        110,000        62,971        2,242
 96/10/16       16/11/07          240       239       124.97
 Y       SFR          C          2
 547907472         2534714        28247 SIERRA VISTA DRI
 TEHACHAPI                               CA         93561           50,000
    49,873.13       15.50        125,000        79,390        2,288
 96/07/24       16/08/01          240       236       103.51
 Y       SFR          C          2
 547768551         2534715        1740 AUTUMNMIST DRIVE
 PALMDALE                                CA         93551           55,000
    55,000.00       13.75        195,000       188,142        3,773
 96/11/01       21/12/15          300       300       124.69
 Y       SFR          C          2
 547788264         2534716        4608 KARNES ROAD
 ORCUTT                                  CA         93455           13,000
    12,906.11       13.25        152,000       151,755        1,546
 96/07/25       11/08/01          180       176       108.39
 Y       SFR          C          2
 547791113         2534717        9450 E. PARADISE DRIVE
 SCOTTSDALE                              AZ         85260           40,000
    39,735.24       15.75        125,000        75,228          890
 96/07/29       11/08/05          180       176        92.18
 Y       SFR          C          2
 547696619         2534718        851 ENCINO PLACE
 CORONA                                  CA         91720           20,000
    19,971.51       15.49        100,000        90,062        1,129
 96/11/02       11/11/07          180       179       110.06
 Y       COND         C          2
 547750474         2534719        13685 PLATO DRIVE
 MORENO VALLEY                           CA         92553           24,900
    24,881.52       14.25         88,300        84,574        1,158
 96/10/17       16/11/05          240       239       123.98
 Y       SFR          C          2
 547764563         2534720        2877 BUSH AVENUE
 CLOVIS                                  CA         93612           25,000
    24,914.93       13.75         82,974        77,088          699
 96/09/09       11/10/10          180       178       123.04
 Y       SFR          C          2
 547666263         2534721        13270 SAN ANTONIO AVEN
 CHINO                                   CA         91710           40,000
    39,946.14       14.99        184,750       173,836        2,544
 96/09/19       16/09/27          240       237       115.74
 Y       SFR          C          2
 547680739         2534722        690 COLE ROAD
 MEADOW VISTA                            CA         95722           29,250
    29,085.18       14.99        117,000       117,000        2,029
 96/05/09       16/05/22          240       233       125.00
 Y       SFR          C          2
 547684951         2534723        8626 SUMMER SUN WAY
 ELK GROVE                               CA         95624           63,500
    63,443.07       12.99        140,000       110,000        2,442
 96/10/16       21/10/22          300       298       123.93
 Y       SFR          C          2
 547656229         2534724        6335 MORSE AVENUE
 NORTH HOLLYWOOD                         CA         91606           15,100
    15,088.62       14.99         97,630        83,169        1,675
 96/10/17       16/10/28          240       238       100.65
 Y       SFR          C          2
 547658721         2534725        26 SAINT GEORGES COURT
 TRABUCO CANYON                          CA         92679           25,000
    24,928.30       15.49        238,000       226,374        3,638
 96/10/15       11/10/24          180       178       105.62
 Y       SFR          C          2

 
 5476636441        2534726        530 LANDIS AVENUE
 OAKLEY                                  CA         94561           35,000
    34,617.55       14.25        110,000        98,413        1,392
 96/08/30       16/09/18          240       237       121.28
 Y       SFR          C          2
 547614826         2534727        2430 CRAWFORD
 NORTH LAS VEGAS                         NV         89030           10,000
     9,809.79       15.25         70,000        54,787        1,159
 96/07/26       06/08/01          120       116        92.55
 Y       SFR          C          2
 547622720         2534728        2856 JANETTE WAY
 SACRAMENTO                              CA         95815           24,000
    23,927.67       14.99         65,000        43,697        1,296
 96/10/02       11/10/08          180       178       104.15
 Y       SFR          C          2
 547644959         2534729        12221 186TH STREET
 ARTESIA                                 CA         90701           37,500
    37,500.00       13.75        171,750       165,177        1,903
 96/11/21       21/12/15          300       300       118.01
 Y       SFR          C          2
 547588113         2534730        5351 RURAL RIDGE CIRCL
 ANAHEIM                                 CA         92807           43,000
    42,931.19       13.75        298,899       286,746        3,107
 96/10/06       16/10/16          240       238       110.32
 Y       SFR          C          2
 547605032         2534731        1540 STUDEBAKER
 LONG BEACH                              CA         90815           28,000
    27,926.67       14.00        180,000       172,547        1,784
 96/11/05       16/11/16          240       239       111.42
 Y       SFR          C          2
 547605836         2534732        6920 SIMI WAY
 SAN DIEGO                               CA         92139           75,000
    74,397.71       13.25        160,000       111,814        3,069
 96/10/02       21/10/22          300       298       116.76
 Y       SFR          C          2
 547498004         2534733        37219 WATERMAN AVENUE
 PALMDALE                                CA         93550           25,000
    24,778.49       13.75        130,000        98,391        1,295
 96/06/12       11/06/25          180       174        94.92
 Y       SFR          C          2
 547530968         2534734        2325 OTTER CREEK LANE
 OXNARD                                  CA         93030           32,000
    31,927.90       14.25        205,000       173,875        1,832
 96/08/09       16/09/17          240       237       100.43
 Y       SFR          C          2
 547538127         2534735        1623 BLANCHARD DRIVE
 ROSEVILLE                               CA         95747           19,500
    19,473.75       14.99        135,000       124,424        1,406
 96/10/15       16/10/22          240       238       106.61
 Y       SFR          C          2
 547496096         2534736        8108 FALCON VIEW DRIVE
 ANTELOPE                                CA         95843           32,000
    31,639.96       14.99        132,000       128,858        1,535
 96/06/14       16/06/24          240       234       121.86
 Y       SFR          C          2
 547496127         2534737        3880 SOUTH YORKTOWN WA
 BOISE                                   ID         83706           25,000
    25,000.00       13.25         80,000        73,792        1,282
 96/11/21       22/01/02          300       300       123.49
 Y       SFR          C          2
 547496531         2534738        10780 ADERMAN AVENUE #
 SAN DIEGO                               CA         92126           21,750
    21,600.29       13.75        125,000       103,822        1,776
 96/08/17       11/08/23          180       176       100.46
 Y       COND         C          2
 547431133         2534739        37342 CALLE MAZATLAN
 PALMDALE                                CA         93552           32,000
    31,952.22       14.25        108,000       102,703        1,988
 96/09/07       16/10/21          240       238       124.73
 Y       SFR          C          2

 
 547436904         2534740        1543 W. OLIVE AVENUE
 FULLERTON                               CA         92633           15,000
    14,829.32       14.49        160,000       159,627        1,460
 96/08/16       06/08/22          120       116       109.14
 Y       SFR          C          2
 547414061         2534741        8232 PRISCILLA AVENUE
 DOWNEY                                  CA         90242           45,000
    44,941.93       13.25        132,250       114,679        1,914
 96/09/11       21/09/15          300       297       120.74
 Y       SFR          C          2
 547418731         2534742        36602 WINDTREE CIRCLE
 PALMDALE                                CA         93550           40,000
    39,950.67       13.50        186,600       136,294        1,754
 96/09/11       21/09/15          300       297        94.48
 Y       SFR          C          2
 547378498         2534744        3020 HULL DRIVE
 RICHMOND                                CA         94806           55,000
    54,908.87       13.50        175,000       151,000        2,564
 96/10/03       16/10/28          240       238       117.71
 Y       SFR          C          2
 547391938         2534745        4109 COBBLEWOOD COURT
 SACRAMENTO                              CA         95826           30,000
    29,813.08       14.75        120,000       114,562        1,978
 96/08/02       16/08/12          240       236       120.47
 Y       SFR          C          2
 547357685         2534746        36810 NORTH STREET
 HURON                                   CA         93234           40,000
    39,967.42       15.75         89,000        68,961        2,026
 96/08/09       21/09/01          300       297       122.43
 Y       SFR          C          2
 547374016         2534747        7194 CAMEL ROCK WAY
 CITRUS HEIGHTS                          CA         95610           25,000
    24,880.57       14.49        132,000       131,082        1,407
 96/09/05       11/09/10          180       177       118.24
 Y       SFR          C          2
 547337918         2534748        33169 REGATTA DRIVE
 LAKE ELSINORE                           CA         92530           23,800
    23,467.56       15.00        125,000       132,000        1,767
 96/07/01       11/08/01          180       176       124.64
 Y       SFR          C          2
 547339455         2534749        8053 PRIOR WAY
 SACRAMENTO                              CA         95842           22,000
    22,000.00       13.25        149,000       138,416        1,761
 96/11/20       21/12/25          300       300       107.66
 Y       SFR          C          2
 547350133         2534750        1501 EAST BIRCH STREET
 ANAHEIM                                 CA         92805           36,800
    36,495.49       15.50        136,600       130,894        1,605
 96/08/05       11/08/23          180       176       122.76
 Y       SFR          C          2
 547290384         2534751        849 SOUTH BARNETT STRE
 ANAHEIM                                 CA         92805           40,000
    40,000.00       14.00        210,000       184,144        3,672
 96/11/21       21/12/24          300       300       106.74
 Y       COND         C          2
 547294364         2534752        3624 WEST 113TH STREET
 INGLEWOOD                               CA         90303           18,500
    18,400.33       13.25        150,000       134,627        1,540
 96/09/10       11/09/25          180       177       102.08
 Y       SFR          C          2
 547298562         2534753        26650 BLACK HORSE CIRC
 CORONA                                  CA         91719           21,000
    20,909.85       14.49        139,600       139,506        1,303
 96/09/18       11/10/01          180       178       114.98
 Y       SFR          C          2
 547250665         2534754        111 BELLEVUE AVENUE
 OREGON CITY                             OR         97045           25,000
    24,987.11       15.99        120,000        75,827        2,144
 96/10/08       21/10/23          300       298        84.02
 Y       SFR          C          2

 
 547272592         2534755        85 EAST 550 SOUTH
 KAYSVILLE                               UT         84037           30,000
    29,927.54       13.75        160,500       152,450        1,736
 96/08/13       16/09/11          240       237       113.68
 Y       SFR          C          2
 547199052         2534757        6305 TURQUOISE HILL
 LAS VEGAS                               NV         89130           11,600
    11,595.69       13.99        168,000       168,462        2,182
 96/09/27       21/10/07          300       298       107.18
 Y       SFR          C          2
 547221648         2534758        4384 DOUGLASS AVENUE
 RIVERSIDE                               CA         92507           14,000
    13,817.08       13.25         80,000        76,789          898
 96/06/14       21/06/25          300       294       113.49
 Y       SFR          C          2
 547238004         2534759        1259 WEST 127TH STREET
 LOS ANGELES                             CA         90044           32,000
    31,976.24       14.25        126,000       106,000        1,690
 96/08/28       16/11/18          240       239       109.52
 Y       SFR          C          2
 547112965         2534760        2560 PRESTWICK AVENUE
 CONCORD                                 CA         94519           40,000
    39,652.00       15.49        155,000       138,900          913
 96/06/12       16/06/18          240       234       115.42
 Y       SFR          C          2
 547153359         2534761        1596 DAPHNE AVENUE
 VENTURA                                 CA         93004           36,000
    35,977.62       14.99        180,000       158,700        1,965
 96/08/26       21/09/25          300       297       108.17
 Y       SFR          C          2
 547064249         2534762        8448 MARTIN LUTHER KIN
 SEATTLE                                 WA         98118           25,000
    24,903.89       15.25        150,000       143,000          225
 96/08/26       16/09/03          240       237       112.00
 Y       SFR          C          2
 547083662         2534763        245 WEST 121ST STREET
 LOS ANGELES                             CA         90061           28,500
    28,360.62       14.25        117,500       116,403        1,497
 96/07/29       11/08/28          180       176       123.32
 Y       SFR          C          2
 547087860         2534764        1050 SYDNEY LANE
 MERCED                                  CA         95340           40,000
    39,898.49       15.50         95,000        73,268        1,375
 96/06/29       16/08/01          240       236       119.23
 Y       SFR          C          2
 547060435         2534765        1415 S. WILLOW AVENUE
 WEST COVINA                             CA         91790           40,000
    39,936.78       13.75        151,723       141,499        1,700
 96/07/16       21/08/08          300       296       119.63
 Y       SFR          C          2
 547062469         2534766        345 NOROMBEGA DRIVE
 MONROVIA                                CA         91016           75,000
    74,911.62       13.75        230,000       182,437        3,078
 96/07/29       21/08/23          300       296       111.93
 Y       SFR          C          2
 547023276         2534767        6309 ELSA STREET
 LAKEWOOD                                CA         90713           42,000
    41,940.22       15.50        165,800       161,412        2,056
 96/10/30       11/11/04          180       179       122.69
 Y       SFR          C          2
 547024111         2534768        20 CALLE ALIMAR
 RANCHO SANTA MARGARITA                  CA         92688           40,000
    40,000.00       13.25        165,000       147,000        2,070
 96/10/31       21/11/06          300       300       113.33
 Y       SFR          C          2
 547041023         2534769        2141 ANSON WAY
 WEST COVINA                             CA         91792           41,089
    41,089.00       14.75        171,000       172,661        3,779
 96/11/23       16/12/15          240       240       125.00
 Y       SFR          C          2

 
 546934315         2534770        4100 POLK STREET
 RIVERSIDE                               CA         92505           40,000
    39,593.71       13.49        145,000       125,878        2,291
 96/05/02       16/05/07          240       233       114.40
 Y       SFR          C          2
 546947669         2534771        1141 TRENTON AVENUE
 CORONA                                  CA         91720           58,000
    57,878.11       14.75        220,000       214,370        3,925
 96/08/20       16/09/11          240       237       123.80
 Y       SFR          C          2
 546966541         2534772        2469 ALMADEN BOULEVARD
 UNION CITY                              CA         94587           28,000
    27,904.72       13.75        218,000       195,600        2,224
 96/09/30       11/11/01          180       179       102.57
 Y       SFR          C          2
 546902079         2534773        863 STETSON WAY
 GALT                                    CA         95632           50,000
    49,955.30       15.25        113,000        71,200        1,380
 96/08/19       21/08/23          300       296       107.26
 Y       SFR          C          2
 546906897         2534774        4932 T STREET
 SACRAMENTO                              CA         95819           37,600
    37,300.70       13.99        140,000       137,342        1,472
 96/06/11       16/06/24          240       234       124.96
 Y       SFR          C          2
 546927985         2534775        29841 CORTE CRUZADA
 MENIFEE                                 CA         92584           40,000
    39,773.46       15.75        135,000       127,817        3,627
 96/07/31       11/08/15          180       176       124.31
 Y       SFR          C          2
 546865188         2534776        1623 E DOWNING STREET
 SIMI VALLEY                             CA         93065           40,000
    39,883.24       14.50        174,000       173,647        2,000
 96/06/17       16/07/22          240       235       122.79
 Y       SFR          C          2
 546869876         2534777        2704 SANDALWOOD AVENUE
 HENDERSON                               NV         89014           25,000
    24,855.06       14.99        136,000       117,766        1,507
 96/05/20       16/06/03          240       234       104.98
 Y       SFR          C          2
 546885610         2534778        24277 WABERN COURT
 CRESTLINE                               CA         92325           31,000
    30,853.54       13.75        165,420       170,000        3,561
 96/06/21       21/07/15          300       295       121.51
 Y       SFR          C          2
 546794854         2534779        17211 ROBEY DRIVE
 CASTRO VALLEY                           CA         94546           40,000
    39,734.62       15.25        153,000       143,536        2,243
 96/06/25       21/07/02          300       295       119.96
 Y       SFR          C          2
 546801519         2534780        1355 SOUTH LINCOLN STR
 LONGMONT                                CO         80501           50,000
    49,845.72       14.75        137,000       115,000        2,321
 96/08/28       11/10/07          180       178       120.44
 Y       SFR          C          2
 546829324         2534781        6609 WOLFE STREET
 LAKEWOOD STREET                         CA         90713           40,000
    39,899.66       13.50        195,000       183,831        4,004
 96/06/26       21/07/08          300       295       114.79
 Y       SFR          C          2
 546709765         2534782        340 EAST CAPELLA AVENU
 LA HABRA                                CA         90631           50,000
    49,935.42       15.25        193,000       157,099        1,973
 96/10/11       21/11/05          300       299       107.31
 Y       SFR          C          2
 5467686872        2534783        4772 IRONWOOD AVENUE
 SEAL BEACH                              CA         90740           75,000
    75,000.00       13.75        291,750       259,365        2,977
 96/11/22       16/12/07          240       240       114.61
 Y       SFR          C          2

 
 546769293         2534784        502 TAHOE AVENUE
 PLACENTIA                               CA         92670           72,500
    72,442.31       13.75        217,750       187,000        3,022
 96/11/07       16/11/28          240       239       119.17
 Y       SFR          C          2
 546687252         2534785        2526 LA COSTA AVENUE
 CHULA VISTA                             CA         91915           50,000
    49,879.28       13.75        187,000       178,357        1,076
 96/08/21       16/09/12          240       237       122.12
 Y       SFR          C          2
 546692931         2534786        5337 WOODKNOLL WAY
 CARMICHAEL                              CA         95608           31,000
    30,779.22       13.99        116,950       113,508        2,081
 96/06/07       16/06/14          240       234       123.56
 Y       SFR          C          2
 546699121         2534787        990 GROFF STREET
 POMONA                                  CA         91768           35,000
    34,926.47       14.75        134,000       122,357        1,943
 96/07/17       16/09/17          240       237       117.43
 Y       SFR          C          2
 546666119         2534788        24381 GOLDRUSH RIDGE L
 LAGUNA NIGUEL                           CA         92656           25,000
    24,910.71       13.25        254,000       225,065        3,129
 96/09/27       11/10/24          180       178        98.45
 Y       SFR          C          2
 546667098         2534789        435 S. PARKER STREET
 ORANGE                                  CA         92668           60,000
    59,903.97       13.75        159,000       124,715        1,746
 96/09/21       16/10/01          240       238       116.17
 Y       SFR          C          2
 546675410         2534790        3545 SUMMERTREE LANE
 CORONA                                  CA         91719           73,250
    73,218.84       13.25        224,000       203,114        2,904
 96/11/08       21/11/27          300       299       123.38
 Y       SFR          C          2
 546656839         2534791        1100 SHERMAN STREET
 PLACERVILLE                             CA         95667           75,000
    74,866.49       14.00        138,500        97,752        1,800
 96/09/13       16/10/03          240       238       124.73
 Y       SFR          C          2
 546664811         2534792        7466 EAST WOODSBORO AV
 ANAHEIM                                 CA         92807           65,000
    65,000.00       13.25        210,500       149,423        2,293
 96/11/05       16/12/15          240       240       101.86
 Y       SFR          C          2
 546618769         2534793        11202 WESTBROOK DRIVE
 ADELANTO                                CA         92301           21,000
    20,712.01       13.50        100,000       100,264        1,253
 96/08/01       11/08/14          180       176       121.26
 Y       SFR          C          2
 546629191         2534794        148 SOUTH CHANTILLY ST
 ANAHEIM                                 CA         92806           50,000
    49,879.25       13.75        211,000       200,325        3,046
 96/09/05       16/09/19          240       237       118.64
 Y       SFR          C          2
 546647231         2534795        5305 HUNTLEY STREET  U
 SIMI VALLEY                             CA         93063           22,500
    22,460.04       13.25        118,000       106,696        1,799
 96/10/28       11/11/25          180       179       109.49
 Y       COND         C          2
 546607200         2534796        887 SOUTH SEVENTH STRE
 KERMAN                                  CA         93630           36,000
    35,853.42       13.75         55,125        25,370          960
 96/06/18       16/08/01          240       236       111.33
 Y       SFR          C          2
 546609136         2534797        249 SOUTH ARMSTRONG AV
 FRESNO                                  CA         93727           35,000
    34,875.01       13.25        177,000       122,772        1,540
 96/09/16       11/10/03          180       178        89.14
 Y       SFR          C          2

 
 546612909         2534798        1401 S. 11TH STREET
 LAS VEGAS                               NV         89104           22,000
    21,982.02       13.50         82,000        75,896          972
 96/10/07       21/10/11          300       298       119.39
 Y       SFR          C          2
 546570866         2534799        1105 RUTLEDGE WAY
 STOCKTON                                CA         95207           33,000
    32,910.04       14.99        140,000       133,276        2,590
 96/05/29       16/06/11          240       234       118.77
 Y       SFR          C          2
 546575168         2534800        68380 MOONLIGHT DRIVE
 CATHEDRAL CITY                          CA         92234           25,000
    24,927.03       14.50        118,000       111,294        2,724
 96/07/31       16/08/19          240       236       115.50
 Y       SFR          C          2
 546605292         2534801        1566 MELVIN LANE
 EL CAJON                                CA         92021           50,000
    49,873.66       15.75        230,000       234,177        3,958
 96/08/07       16/08/23          240       236       123.56
 Y       SFR          C          2
 546557399         2534802        12365 BLAZING STAR COU
 RANCHO CUCAMONGA                        CA         91739           23,000
    22,925.46       14.25        103,803       106,101        1,234
 96/10/08       11/10/21          180       178       124.37
 Y       SFR          C          2
 546567600         2534803        26831 VALPARISO DRIVE
 MISSION VIEJO                           CA         92692           75,000
    74,018.92       14.75        270,000       237,448        3,326
 96/07/11       11/07/19          180       175       115.72
 Y       SFR          C          2
 546536974         2534804        512 LEMAY WAY
 ANTIOCH                                 CA         94509           55,000
    54,976.29       13.25        213,000       196,000        2,545
 96/10/23       21/11/06          300       299       117.84
 Y       SFR          C          2
 546547452         2534805        4410 S.W. STODDARD DRI
 ALOHA                                   OR         97007           50,000
    49,941.06       13.75        155,000       100,000        1,080
 96/09/10       21/10/08          300       298        96.77
 Y       SFR          C          2
 546550073         2534806        14738 NATALIE DRIVE
 WHITTIER                                CA         90604           40,000
    40,000.00       14.99        156,719       143,932        1,646
 96/10/21       21/11/01          300       300       117.36
 Y       SFR          C          2
 546469938         2534807        7051 WILSHIRE CIRCLE
 SACRAMENTO                              CA         95822           57,000
    55,726.78       14.49        119,000        85,826        1,723
 96/08/23       21/08/28          300       296       120.02
 Y       SFR          C          2
 546480297         2534808        7097 KENWOOD STREET
 LAS VEGAS                               NV         89117           10,000
     9,983.48       13.50         85,000        60,400          642
 96/08/19       21/08/23          300       296        82.82
 Y       SFR          C          2
 546481151         2534809        153 WEST 9TH STREET #1
 AZUSA                                   CA         91702           15,000
    14,951.39       14.25        115,000        76,951        1,061
 96/09/27       11/10/15          180       178        79.96
 Y       COND         C          2
 546453316         2534810        3276 SKYVIEW RIDGE
 CHINO HILLS                             CA         91709           65,000
    64,717.56       13.75        227,000       192,000        1,788
 96/06/28       16/07/08          240       235       113.22
 Y       SFR          C          2
 558425793         2534811        36927 SOLVAY STREET
 PALMDALE                                CA         93552           30,000
    29,870.51       14.75        123,000       118,117        1,456
 96/06/04       16/06/18          240       234       120.42
 Y       SFR          C          2

 
 558412411         2534812        3390 ARROWHEAD STREET
 RIVERSIDE                               CA         92503           30,000
    29,688.37       14.99        145,000       117,366        1,610
 96/06/04       11/06/17          180       174       101.63
 Y       SFR          C          2
 558413178         2534813        5901 SOUTH VERDUN AVEN
 LOS ANGELES                             CA         90043           45,000
    44,943.43       15.00        175,000       158,590        1,835
 96/07/11       21/08/01          300       296       116.34
 Y       SFR          C          2
 558414334         2534814        8908 SUMAC AVENUE
 HESPERIA                                CA         92345           31,175
    31,097.89       12.99        111,664       105,102        1,269
 96/10/18       21/10/25          300       298       122.04
 Y       SFR          C          2
 558352048         2534815        4311 PARAMOUNT BLVD. #
 PICO RIVERA                             CA         90660           40,000
    39,962.13       15.25        150,000       141,293        2,009
 96/07/23       21/08/02          300       296       120.86
 Y       COND         C          2
 5583583851        2534816        2980 FLORINE AVENUE
 RIVERSIDE                               CA         92509           40,000
    39,860.26       13.25        150,000       136,855        1,981
 96/06/27       16/08/08          240       236       117.90
 Y       SFR          C          2
 558386557         2534817        24409 FIJI DRIVE
 MORENO VALLEY                           CA         92551           26,000
    26,000.00       14.25        125,000       101,333        1,780
 96/11/19       11/12/26          180       180       101.87
 Y       SFR          C          2
 558230209         2534818        927 SOUTH CASPER WAY
 ANAHEIM                                 CA         92808           25,000
    24,956.46       13.75        161,000       135,161          800
 96/10/18       11/11/15          180       179        99.48
 Y       COND         C          2
 558331731         2534819        15003 FREEMAN
 LAWNDALE                                CA         90260           40,000
    39,987.66       15.00        180,000       173,869        2,305
 96/10/21       21/11/01          300       299       118.82
 Y       SFR          C          2
 558336608         2534820        9385 IVYDALE CIRCLE
 ELK GROVE                               CA         95758           27,000
    26,839.14       14.99        118,000       116,165        2,184
 96/05/31       16/06/10          240       234       121.33
 Y       SFR          C          2
 558175779         2534821        28545 AVOCADO PLACE
 SAUGUS                                  CA         91350           45,000
    44,923.89       13.75        185,000       167,819        3,245
 96/10/25       11/11/07          180       179       115.04
 Y       SFR          C          2
 558175865         2534822        16120 HORACE STREET
 GRANADA HILLS                           CA         91344           16,000
    16,000.00       15.50        173,400       172,948        2,083
 96/11/19       21/12/15          300       300       108.97
 Y       SFR          C          2
 558205615         2534823        3472 EAST NORWICH STRE
 FRESNO                                  CA         93726           30,000
    29,092.56       12.99         88,500        58,293        1,124
 96/02/09       11/03/05          180       171        99.77
 Y       SFR          C          2
 5581707321        2534824        6869 PANDINO COURT
 RANCHO CUCAMONGA                        CA         91730           57,020
    56,549.67       14.25        245,000       240,554        4,202
 96/07/15       11/07/23          180       175       121.46
 Y       SFR          C          2
 558172291         2534825        26356 VIA CONCHITA
 MISSION VIEJO                           CA         92691           75,000
    74,478.67       13.25        216,000       176,461        2,405
 96/09/24       21/10/17          300       298       116.42
 Y       SFR          C          2

 
 558095692         2534826        17956 TIARA STREET
 ENCINO                                  CA         91316           41,000
    40,933.36       14.25        130,000       116,237        1,435
 96/10/21       16/11/04          240       239       120.95
 Y       SFR          C          2
 558134542         2534827        2256 WEST CORNELL AVEN
 FRESNO                                  CA         93705           25,000
    24,957.29       14.75        114,000        97,125        1,344
 96/11/01       11/11/20          180       179       107.13
 Y       SFR          C          2
 558136241         2534828        907 EAST MEADBROOK STR
 CARSON                                  CA         90746           39,000
    38,799.80       13.75        181,250       174,313        2,346
 96/09/06       11/09/15          180       177       117.69
 Y       SFR          C          2
 558027981         2534829        2380 BIRCHFIELD STREET
 SIMI VALLEY                             CA         93065           62,000
    61,960.96       14.92        192,500       178,152        2,688
 96/09/16       21/10/01          300       298       124.75
 Y       SFR          C          2
 558063151         2534830        16221 WORKMAN STREET
 LA PUENTE                               CA         91744           40,000
    39,674.33       14.99        243,000       200,876        3,529
 96/05/23       11/06/07          180       174        99.13
 Y       SFR          C          2
 558084289         2534831        5123 HOMESTEAD COURT
 ANTIOCH                                 CA         94509           42,250
    42,250.00       13.75        154,000       148,179        2,215
 96/11/13       21/12/25          300       300       123.66
 Y       SFR          C          2
 557971335         2534832        81-245 DAFFODIL COURT
 INDIO                                   CA         92201           25,000
    24,893.12       14.25        120,000       102,573        1,563
 96/10/10       21/10/15          300       298       106.31
 Y       SFR          C          2
 557987869         2534833        127 & 127 1/2 TYLER ST
 COALINGA                                CA         93210           50,000
    49,966.55       14.99        142,000       123,992        2,537
 96/10/16       16/11/01          240       239       122.53
 Y       SFR          C          2
 557988407         2534834        305 WEST JACARANDA PLA
 FULLERTON                               CA         92632           75,000
    74,508.11       14.25        180,000       148,796        1,878
 96/08/07       11/08/23          180       176       124.33
 Y       SFR          C          2
 557960823         2534835        7021 COOLIDGE AVENUE
 RIVERSIDE                               CA         92506           15,400
    15,286.17       15.49         61,500        61,301          806
 96/06/03       16/06/13          240       234       124.72
 Y       SFR          C          2
 557964554         2534836        2112 2ND LANE
 BIG BEAR CITY                           CA         92314           43,000
    42,846.44       13.25         92,250        72,065        1,165
 96/10/02       11/10/10          180       178       124.73
 Y       SFR          C          2
 557965751         2534837        225 DORENA DRIVE
 NEWBURY PARK                            CA         91320           74,000
    73,844.48       14.75        215,000       172,380        2,615
 96/08/31       16/09/13          240       237       114.60
 Y       SFR          C          2
 557943713         2534839        3816 COUNTRY CLUB DRIV
 LONG BEACH                              CA         90807           35,000
    34,943.96       13.75        350,000       306,627        3,088
 96/10/07       16/10/15          240       238        97.61
 Y       SFR          C          2
 557960303         2534840        1268 THIRD STREET
 CALIMESA                                CA         92320           14,100
    13,780.84       15.99        140,000       117,000        1,124
 96/07/17       11/07/24          180       175        93.64
 Y       SFR          C          2

 
 557863363         2534841        6473 PINEBROOK WAY
 ROCKLIN                                 CA         95677           36,000
    35,747.85       15.49        147,900       142,440        2,429
 96/07/02       16/07/10          240       235       120.65
 Y       SFR          C          2
 557909291         2534842        560 CAMINO CABALLO
 NIPOMO                                  CA         93444           75,000
    74,941.42       13.75        252,000       191,841        3,544
 96/09/04       21/09/27          300       297       105.89
 Y       SFR          C          2
 557909760         2534843        5510 W. BIRCH AVENUE
 FRESNO                                  CA         93722           20,000
    19,966.50       15.99        125,000       115,565        1,133
 96/09/30       11/10/15          180       178       108.45
 Y       SFR          C          2
 557843918         2534844        27997 SKYCREST CIRCLE
 SANTA CLARITA                           CA         91355           25,000
    24,888.39       16.49        221,000       203,227        2,708
 96/06/09       16/06/14          240       234       103.27
 Y       SFR          C          2
 557846132         2534845        38564 MALBY AVENUE
 PALMDALE                                CA         93550           25,000
    24,990.29       13.75         75,000        67,862          976
 96/10/24       21/11/15          300       299       123.82
 Y       SFR          C          2
 557863085         2534846        6535 OAK BEND WAY
 CITRUS HEIGHTS                          CA         95621           40,000
    39,935.57       14.25        160,000       140,000        3,367
 96/10/24       11/11/15          180       179       112.50
 Y       SFR          C          2
 557796950         2534847        2485 DE LAMERE AVENUE
 SANTA ROSA                              CA         95403           11,000
    10,824.58       13.75        166,000       174,879        1,597
 96/09/04       06/09/24          120       117       111.98
 Y       SFR          C          2
 557802883         2534848        1021 STEARNS DRIVE
 LOS ANGELES                             CA         90035           35,000
    34,655.60       13.25        223,000       176,746        3,970
 96/08/14       11/09/01          180       177        94.95
 Y       SFR          C          2
 557721619         2534850        1691 PALAU PLACE
 COSTA MESA                              CA         92626           32,000
    32,000.00       13.25        245,000       187,259        2,700
 96/11/26       21/12/28          300       300        89.49
 Y       SFR          C          2
 557721921         2534851        14611 JALON ROAD
 LA MIRADA                               CA         90638           50,000
    49,934.16       14.75        180,000       132,856        1,834
 96/08/06       21/09/06          300       297       101.59
 Y       SFR          C          2
 557781938         2534852        8728 WENTWORTH SPRINGS
 GEORGETOWN                              CA         95634           50,000
    49,796.42       13.75        150,000       120,000        2,816
 96/07/11       16/08/09          240       236       113.33
 Y       SFR          C          2
 557694942         2534853        6182 HOMEWOOD AVENUE
 BUENA PARK                              CA         90621           35,000
    34,973.09       14.00        167,000       159,351        2,040
 96/11/04       16/11/16          240       239       116.38
 Y       SFR          C          2
 557704168         2534854        10514 RUTHELEN STREET
 LOS ANGELES                             CA         90047           44,000
    43,711.39       14.25        138,000       111,040        1,754
 96/08/02       11/08/16          180       176       112.35
 Y       SFR          C          2
 557715054         2534855        3617 GARNET AVENUE
 ROSAMOND                                CA         93560           27,000
    26,989.52       13.75        105,000        87,223        1,190
 96/09/05       21/11/06          300       299       108.78
 Y       SFR          C          2

 
 557653002         2534856        5137 TWINCREEK COURT
 ANTIOCH                                 CA         94509           53,400
    53,340.72       15.25        185,000       177,252        3,720
 96/08/13       21/09/01          300       297       124.68
 Y       SFR          C          2
 557658972         2534857        6513 SUNDOWN HEIGHTS A
 LAS VEGAS                               NV         89130           19,000
    18,991.52       16.75        101,886       100,726        1,264
 96/10/09       21/10/17          300       298       117.51
 Y       SFR          C          2
 557692730         2534858        1763 WRIGHT STREET
 POMONA                                  CA         91766           18,000
    18,000.00       13.75        137,000       115,078        1,323
 96/11/27       21/12/20          300       300        97.14
 Y       SFR          C          2
 557609461         2534859        3855 LATROBE STREET
 LOS ANGELES                             CA         90031           30,500
    30,445.04       14.99        166,566       163,520        1,857
 96/09/23       16/10/01          240       238       116.48
 Y       SFR          C          2
 557615427         2534860        847 WEST D STREET
 ONTARIO                                 CA         91764           30,000
    29,950.47       14.00        130,000       123,979        1,435
 96/09/27       11/11/13          180       179       118.45
 Y       SFR          C          2
 557632006         2534861        25571 VIA CRESTA
 LAGUNA NIGUEL                           CA         92677           25,000
    24,924.65       14.99         85,000        81,083        1,057
 96/09/09       11/09/13          180       177       124.80
 Y       COND         C          2
 557595682         2534862        1408 EAST 43RD STREET
 LOS ANGELES                             CA         90011           18,995
    18,564.08       12.99        125,000        98,005        1,004
 96/04/24       16/09/03          240       237        93.60
 Y       SFR          C          2
 557599565         2534863        25841 SANTO DRIVE
 MISSION VIEJO                           CA         92691           55,000
    54,812.85       13.75        245,000       231,356        2,658
 96/09/16       11/10/15          180       178       116.88
 Y       SFR          C          2
 557605058         2534864        7826 CATHEDRAL PEAK
 LITTLETON                               CO         80127           45,000
    44,898.63       14.25        285,200       183,580        2,701
 96/09/03       16/09/20          240       237        80.15
 Y       SFR          C          2
 557590126         2534865        31922 NATIONAL PARK DR
 LAGUNA NIGUEL                           CA         92677           49,990
    49,677.66       14.75        240,000       172,487        3,395
 96/07/15       11/07/22          180       175        92.70
 Y       SFR          C          2
 557590331         2534866        16952 WABASH AVENUE
 YORBA LINDA                             CA         92686           29,000
    28,024.21       14.99        187,000       176,519        2,292
 96/06/10       06/06/27          120       114       109.90
 Y       SFR          C          2
 557497073         2534867        2260 RANCHO CORONA DRI
 CORONA                                  CA         91720           34,000
    33,825.46       13.75        250,000       250,817        3,942
 96/08/12       11/09/18          180       177       113.93
 Y       SFR          C          2
 557568266         2534868        4026 N. WALNUTHAVEN DR
 COVINA                                  CA         91722           64,000
    63,919.08       13.75        189,912       172,040        2,206
 96/08/23       21/09/24          300       297       124.29
 Y       SFR          C          2
 557586515         2534869        9136 KNIGHTS LANE
 WILTON                                  CA         95693           31,750
    31,727.37       14.25        188,750       173,328        1,980
 96/09/25       21/10/22          300       298       108.65
 Y       SFR          C          2

 
 557429912         2534870        18760 LABRADOR STREET
 NORTHRIDGE                              CA         91324           36,000
    35,969.30       13.25        206,000       206,639        2,950
 96/10/31       16/11/15          240       239       117.79
 Y       SFR          C          2
 557438215         2534871        13828 LOMAS COURT
 FONTANA                                 CA         92336           38,000
    37,985.24       13.75        145,000       139,725        1,991
 96/10/31       21/11/20          300       299       122.57
 Y       SFR          C          2
 557494187         2534872        12648 TRILLIUM COURT
 RANCHO CUCAMONGA                        CA         91739           25,000
    24,773.05       13.25        160,000       154,666        1,954
 96/07/11       11/07/24          180       175       112.29
 Y       SFR          C          2
 5573554611        2534873        107 PALATINE DRIVE
 ALHAMBRA                                CA         91801           50,000
    49,982.29       14.25        185,000       180,244        2,820
 96/09/19       21/10/18          300       298       124.46
 Y       SFR          C          2
 557377467         2534874        6377 CARICA
 FRESNO                                  CA         93722           45,000
    44,944.51       13.50        137,000       113,030        2,215
 96/10/07       21/10/07          300       298       115.35
 Y       SFR          C          2
 5573969051        2534875        5733 PROTAGE STREET
 YORBA LINDA                             CA         92667           25,000
    24,924.45       14.25        152,892       156,334        1,603
 96/08/07       16/09/01          240       237       118.60
 Y       SFR          C          2
 557338758         2534876        5288 SAN FRANCESCA DRI
 CAMARILLO                               CA         93012           56,500
    56,472.26       16.25        210,000       197,398        2,713
 96/09/11       21/09/26          300       297       120.90
 Y       SFR          C          2
 557339173         2534877        4433 GILA AVENUE
 SAN DIEGO                               CA         92117           52,000
    51,814.30       13.25        193,750       143,034        2,122
 96/10/14       11/10/15          180       178       100.66
 Y       SFR          C          2
 557354568         2534878        6876 FINCH COURT
 CHINO HILLS                             CA         91708           17,000
    16,944.91       14.25        175,000       150,222        1,873
 96/08/15       11/09/06          180       177        95.56
 Y       SFR          C          2
 557314126         2534879        4441 DEERFIELD DRIVE
 ANTIOCH                                 CA         94509           75,000
    74,732.18       13.25        198,525       150,000        3,250
 96/09/06       11/10/10          180       178       113.34
 Y       SFR          C          2
 557335669         2534881        17770 RYAN AVENUE
 LAKE ELSINORE                           CA         92530           19,000
    18,985.15       13.75        170,000       148,177        2,459
 96/08/08       21/09/16          300       297        98.34
 Y       SFR          C          2
 557270179         2534882        31115 WATER AVENUE
 NUEVO                                   CA         92567           17,000
    16,878.84       15.75        127,000        98,298        1,570
 96/06/13       11/06/21          180       174        90.79
 Y       SFR          C          2
 557273891         2534883        3760 HELIX STREET
 SPRING VALLEY                           CA         91977           52,500
    52,135.54       13.99        170,000       154,861        2,560
 96/08/19       11/09/17          180       177       121.98
 Y       SFR          C          2
 557310622         2534884        2800 KELLER DRIVE #179
 TUSTIN                                  CA         92680           25,000
    25,000.00       13.25         93,000        83,654        1,496
 96/11/05       11/12/05          180       180       116.83
 Y       COND         C          2

 
 557231230         2534885        1420 BEL AIR DRIVE #10
 CONCORD                                 CA         94521           18,000
    17,905.34       13.50        126,000       107,000        1,584
 96/08/21       11/09/09          180       177        99.21
 Y       COND         C          2
 557236247         2534886        16852 EAST GRAGMONT ST
 COVINA                                  CA         91722           35,000
    34,880.33       14.75        137,000       130,138        2,099
 96/08/22       16/09/05          240       237       120.54
 Y       SFR          C          2
 557256578         2534887        514 EAST ALVIN AVENUE
 SANTA MARIA                             CA         93454           30,000
    29,775.84       13.75        132,000       124,157        2,272
 96/09/06       16/09/13          240       237       116.79
 Y       SFR          C          2
 557134432         2534888        11516 FAIRFORD AVENUE
 NORWALK                                 CA         90650           20,000
    19,936.14       13.25        152,600       141,944        2,157
 96/07/31       16/09/03          240       237       106.12
 Y       SFR          C          2
 557158257         2534889        2022 ENSLEN AVENUE
 MODESTO                                 CA         95350           40,000
    39,819.29       13.99        110,000        93,513        1,651
 96/06/07       16/06/28          240       234       121.38
 Y       SFR          C          2
 557193517         2534890        3531 LOS PINOS DRIVE
 SANTA BARBARA                           CA         93105           50,000
    49,925.34       14.25        375,000       306,087        5,052
 96/09/04       16/09/11          240       237        94.96
 Y       SFR          C          2
 557132186         2534891        24182 LA HERMOSA AVENU
 LAGUNA NIGUEL                           CA         92677           75,000
    74,911.62       13.75        228,000       195,311        2,754
 96/08/27       21/09/26          300       297       118.56
 Y       SFR          C          2
 557133667         2534892        3652 GARDEN COURT
 CHINO                                   CA         91709           62,000
    61,957.71       14.49        160,406        12,844        1,834
 96/10/04       21/10/15          300       298        46.66
 Y       SFR          C          2
 557116477         2534893        1533 FIRST AVENUE
 SALINAS                                 CA         93905           40,000
    39,720.71       14.99        129,000       111,306        1,874
 96/09/11       21/09/18          300       297       117.29
 Y       SFR          C          2
 557130612         2534894        662 WEST ORANGEPATH ST
 GLENDORA                                CA         91741           50,000
    49,913.32       14.50        188,000       133,000        2,539
 96/07/02       21/07/26          300       295        97.34
 Y       SFR          C          2
 557062306         2534896        2838 CYPRESS POINT DRI
 ONTARIO                                 CA         91761           25,000
    24,865.33       13.25        125,000       124,386        1,577
 96/09/10       11/09/15          180       177       119.51
 Y       SFR          C          2
 557088556         2534897        7379 SILVER LEAF WAY
 LAS VEGAS                               NV         89117           22,550
    22,529.46       14.25        108,000       105,540        1,128
 96/10/24       21/11/01          300       299       118.60
 Y       SFR          C          2
 557020588         2534898        39253 ARROW HEAD COURT
 PALMDALE                                CA         93551           40,000
    39,814.73       14.49        153,990       140,646        2,369
 96/03/30       16/05/15          240       233       117.31
 Y       SFR          C          2
 557024698         2534899        3539 MYRTLE AVENUE
 LONG BEACH                              CA         90807           31,500
    31,500.00       15.00        177,000       141,600        1,871
 96/12/04       17/01/10          240       240        97.80
 Y       SFR          C          2

 
 557027097         2534900        5512 HAZELTINE
 VAN NUYS                                CA         91401           53,000
    52,957.82       13.75        260,000       251,492        3,045
 96/10/31       16/11/18          240       239       117.11
 Y       SFR          C          2
 556953422         2534901        21043 CEDARFALLS DRIVE
 SANTA CLARITA                           CA         91350           25,000
    24,824.50       13.99        206,000       188,777        3,181
 96/06/25       11/06/25          180       174       103.78
 Y       SFR          C          2
 5569630231        2534902        10960 ASHTON AVENUE #4
 LOS ANGELES                             CA         90024           30,000
    29,949.25       13.75        224,000       173,267        2,619
 96/11/19       11/11/28          180       179        90.74
 Y       COND         C          2
 556983859         2534903        5056 CORKWOOD LANE
 IRVINE                                  CA         92715           62,000
    61,789.03       13.75        225,250       215,000        2,405
 96/10/03       11/11/01          180       179       122.97
 Y       SFR          C          2
 556920557         2534904        4605 MUSTANG ROAD
 CHINO                                   CA         91710           31,500
    31,079.31       13.49        232,000       237,273        3,863
 96/05/28       11/06/01          180       174       115.85
 Y       SFR          C          2
 556948389         2534905        1630 WEST H STREET
 DIXON                                   CA         95620           40,000
    39,793.18       15.49        158,000       144,482        3,512
 96/07/02       16/07/17          240       235       116.76
 Y       SFR          C          2
 556949335         2534906        4273 DEEBOYAR AVENUE
 LAKEWOOD                                CA         90712           40,000
    39,928.97       13.25        187,250       151,408        1,981
 96/10/21       11/11/01          180       179       102.22
 Y       SFR          C          2
 556903073         2534907        1530 GREEN CANYON ROAD
 FALLBROOK                               CA         92028           50,000
    49,955.30       15.25        220,000       175,872        2,288
 96/07/29       21/08/06          300       296       102.67
 Y       SFR          C          2
 556904763         2534908        20040 SHOADOW ISLAND D
 SANTA CLARITA                           CA         91351           17,000
    16,985.48       15.50        110,000        92,960        1,144
 96/08/23       21/09/09          300       297        99.96
 Y       SFR          C          2
 556888157         2534909        2060 VALENTINO STREET
 SAN DIEGO                               CA         92154           75,000
    74,873.13       13.75        154,000       113,580        2,882
 96/10/04       11/10/24          180       178       122.45
 Y       SFR          C          2
 556900704         2534910        2410 STEPHANIE LANE
 SELMA                                   CA         93662           28,500
    28,291.87       15.50        125,000       100,536        1,775
 96/07/02       11/07/15          180       175       103.23
 Y       SFR          C          2
 556848151         2534911        179 CARSON STREET
 HERCULES                                CA         94547           50,000
    49,927.05       15.25        243,000       228,079        3,761
 96/10/18       11/11/07          180       179       114.44
 Y       SFR          C          2
 556856634         2534912        6524-4 STONEYVIEW LANE
 SIMI VALLEY                             CA         93063           35,000
    34,989.19       14.99        119,000       112,000        1,814
 96/11/04       21/11/08          300       299       123.53
 Y       COND         C          2
 556827947         2534913        12140 DUNLAP AVENUE
 CHINO                                   CA         91710           35,300
    35,300.00       14.25        160,000       137,058        2,480
 96/11/14       11/12/15          180       180       107.72
 Y       SFR          C          2

 
 556829510         2534914        20265 BURCH STREET
 PERRIS                                  CA         92570           25,000
    24,699.24       16.49        165,000       107,400        2,028
 96/08/22       11/09/01          180       177        80.24
 Y       SFR          C          2
 556841351         2534915        7295 HAWTHORNE ROAD
 HESPERIA                                CA         92345           30,000
    29,902.79       14.25         95,000        88,250        1,509
 96/09/06       11/10/11          180       178       124.47
 Y       SFR          C          2
 556825560         2534916        11481 WOODTHRUSH WAY
 FONTANA                                 CA         92337           41,550
    41,296.69       15.00        166,323       166,020        2,114
 96/07/29       11/08/08          180       176       124.80
 Y       SFR          C          2
 556826384         2534917        5731 KINGSBRIAR DRIVE
 YORBA LINDA                             CA         92686           75,000
    75,000.00       13.75        200,000       174,681        3,215
 96/11/13       11/12/15          180       180       124.84
 Y       SFR          C          2
 556765785         2534918        13194 HOLLYBERRY ROAD
 VICTORVILLE                             CA         92392           40,150
    39,958.20       14.49        101,213        86,331        1,720
 96/09/11       11/09/19          180       177       124.97
 Y       SFR          C          2
 556804304         2534919        565 MERCEDES AVENUE
 PASADENA                                CA         91107           50,000
    49,754.35       13.75        230,000       186,328        2,076
 96/06/27       16/07/09          240       235       102.75
 Y       SFR          C          2
 556807310         2534920        978 SWAN DRIVE
 MANTECA                                 CA         95337           36,000
    35,949.70       14.99        162,000       148,000        1,975
 96/10/23       16/11/08          240       239       113.58
 Y       SFR          C          2
 556747990         2534921        9877 WEEPING WILLOW DR
 STOCKTN                                 CA         95209           45,000
    44,819.01       15.25        145,000       135,999        3,089
 96/07/17       21/08/01          300       296       124.83
 Y       SFR          C          2
 556756783         2534922        1640 NORTH VISTA AVENU
 RIALTO                                  CA         92376           25,000
    24,794.09       14.25        125,000       111,000        1,430
 96/06/17       11/06/24          180       174       108.80
 Y       SFR          C          2
 556725864         2534923        14776 MORNINGFIELD DRI
 CHINO HILLS                             CA         91709           35,000
    34,893.41       14.25        245,000       206,871        2,755
 96/07/20       16/07/01          240       235        98.72
 Y       SFR          C          2
 556745641         2534924        1302 EAST BENNETT AVEN
 GLENDORA                                CA         91740           65,000
    64,960.98       15.75        260,000       259,541        3,659
 96/10/25       16/11/14          240       239       124.82
 Y       SFR          C          2
 556716768         2534925        28041 EBSON
 MISSION VIEJO                           CA         92692           40,000
    39,830.86       14.99        182,000       171,003        2,259
 96/05/09       16/05/22          240       233       115.94
 Y       SFR          C          2
 556721884         2534926        407 KING COURT
 SANTA PAULA                             CA         93060           65,000
    64,867.39       14.99        195,000       176,951        3,065
 96/09/13       16/09/27          240       237       124.08
 Y       SFR          C          2
 556724609         2534927        14202 VALNA DRIVE
 WHITTIER                                CA         90605           40,000
    39,983.00       14.49        260,000       222,000        2,653
 96/10/06       21/10/25          300       298       100.77
 Y       SFR          C          2

 
 556680359         2534928        4108 GRACE AVENUE
 BALDWIN PARK                            CA         91706           75,000
    74,911.62       13.75        128,500        29,937        1,568
 96/09/05       21/09/15          300       297        81.66
 Y       SFR          C          2
 556688340         2534929        1009 EAST HARRINGTON W
 WEST COVINA                             CA         91792           25,000
    24,912.85       13.50        125,000        86,621        1,242
 96/09/26       11/10/15          180       178        89.30
 Y       SFR          C          2
 556690820         2534930        28536 RIVER GLEN COURT
 MENIFEE                                 CA         92584           30,000
    29,097.14       14.99        118,900       103,403        1,421
 96/06/04       11/06/13          180       174       112.20
 Y       SFR          C          2
 556675890         2534931        2110 SAN ANTONIO DRIVE
 CORONA                                  CA         91720           35,000
    34,978.19       15.49        150,000       150,946        2,579
 96/10/04       16/10/18          240       238       123.96
 Y       SFR          C          2
 556675969         2534932        2703 CHERRYBARK
 CORONA                                  CA         91719           25,000
    24,730.91       14.99        149,999       146,791        2,067
 96/05/31       11/06/11          180       174       114.53
 Y       SFR          C          2
 556677998         2534933        17319 ORCHID DRIVE
 FONTANA                                 CA         92335           16,050
    15,925.01       15.50        123,000       120,538        1,527
 96/10/29       06/11/07          120       119       111.05
 Y       SFR          C          2
 556662403         2534934        826 PALOMAR AVENUE
 EL CAJON                                CA         92020           50,000
    49,945.82       14.25        173,000       133,251        1,950
 96/10/05       21/10/22          300       298       105.93
 Y       SFR          C          2
 556663123         2534935        6632 POSTEN WAY
 CITRUS HEIGHTS                          CA         95621           39,250
    39,202.89       15.25        114,000       102,600        2,103
 96/07/26       21/08/01          300       296       124.43
 Y       SFR          C          2
 556664788         2534936        7058 MURIETTA AVENUE
 LOS ANGELES                             CA         91405           61,000
    60,956.52       14.25        145,000       111,923        1,909
 96/09/23       21/10/18          300       298       119.26
 Y       SFR          C          2
 556607745         2534937        4320 A,B,C WEST 139TH
 HAWTHORNE                               CA         90250           70,000
    69,897.85       15.25        265,000       235,597        3,287
 96/10/24       11/11/01          180       179       115.32
 Y       SFR          C          2
 556612207         2534938        20092 BAYFRONT LANE #1
 HUNTINGTON BEACH                        CA         92646           18,500
    18,473.30       14.49        148,000       136,905        2,097
 96/10/18       16/10/23          240       238       105.00
 Y       SFR          C          2
 5565783461        2534939        13370 FERN PINE CIRCLE
 CERRITOS                                CA         90703           75,000
    74,881.48       13.75        228,000       205,200        3,443
 96/07/26       21/08/14          300       296       122.89
 Y       SFR          C          2
 5565981011        2534940        3152 WEST 157TH STREET
 GARDENA                                 CA         90249           28,000
    27,932.37       13.75        180,000       178,000        1,723
 96/08/06       16/08/16          240       236       114.44
 Y       SFR          C          2
 556602727         2534941        24229 CARY COURT
 NEWHALL                                 CA         91321           75,000
    74,977.94       15.25        348,000       264,677        3,912
 96/11/14       21/12/05          300       300        97.61
 Y       SFR          C          2

 
 5565337081        2534942        25935 ZAMORA AVENUE
 MORENO VALLEY                           CA         92551           36,000
    35,792.53       13.75        129,900       125,702        2,622
 96/06/20       16/07/01          240       235       124.48
 Y       SFR          C          2
 556550204         2534943        14549 STONECREEK DRIVE
 HESPERIA                                CA         92345           36,800
    36,589.29       13.49        130,000        97,827        1,320
 96/09/09       21/09/13          300       297       103.56
 Y       SFR          C          2
 556510850         2534944        886 EUCALYPTUS AVENUE
 BRAWLEY                                 CA         92227           36,000
    35,969.28       15.50        110,000        97,581        1,696
 96/08/20       21/09/19          300       297       121.44
 Y       SFR          C          2
 556511506         2534945        3234 WEST 113TH STREET
 INGLEWOOD                               CA         90303           12,000
    11,935.36       13.25        138,000       138,601          842
 96/07/18       11/09/06          180       177       109.13
 Y       SFR          C          2
 556518496         2534946        9478 JUNIPER AVENUE
 FONTANA                                 CA         92335           15,000
    14,876.28       14.25        120,000       107,668        1,340
 96/06/08       11/06/15          180       174       102.22
 Y       SFR          C          2
 556490291         2534947        2400 EAST QUINCY AVENU
 ORANGE                                  CA         92867           30,000
    29,971.84       14.99        180,000       173,742        2,092
 96/09/09       21/09/13          300       297       113.19
 Y       SFR          C          2
 556491344         2534948        2868 ARCADIAN SHORES R
 ONTARIO                                 CA         91761           20,000
    19,947.46       13.25        120,000       117,383        1,190
 96/06/19       21/07/01          300       295       114.49
 Y       SFR          C          2
 556499564         2534949        1436 PLEASANT VIEW AVE
 CORONA                                  CA         91720           35,000
    34,871.62       15.49        150,000       136,124        1,570
 96/05/22       16/06/04          240       234       114.08
 Y       SFR          C          2
 556374867         2534950        605 GLEN COURT
 RIDGECREST                              CA         93555           40,000
    39,907.63       13.25         96,000        79,821        1,752
 96/07/11       21/07/25          300       295       124.81
 Y       SFR          C          2
 556375954         2534951        655 E. EL MORADO
 ONTARIO                                 CA         91764           30,000
    29,806.41       16.75        135,000       135,501        1,762
 96/07/01       11/07/18          180       175       122.59
 Y       SFR          C          2
 556430640         2534952        6718 ELMHURST AVENUE
 RANCHO CUCAMONGA                        CA         91701           25,000
    24,959.97       13.75        133,000       131,557        1,583
 96/09/24       16/10/07          240       238       117.71
 Y       SFR          C          2
 556319320         2534953        1720 MANITOBA CIRCLE
 CORONA                                  CA         91720           18,000
    17,639.12       13.75        128,000       129,959        1,360
 96/06/26       06/07/19          120       115       115.59
 Y       SFR          C          2
 556330279         2534954        6320 WINTER PARK COURT
 PHELAN                                  CA         92371           40,000
    39,599.36       14.99        148,900        80,291        2,107
 96/04/10       16/04/15          240       232        80.79
 Y       SFR          C          2
 556372081         2534955        10913 DEEDEE AVENUE
 BAKERSFIELD                             CA         93312           50,000
    49,551.33       13.25        185,000       163,000        3,277
 96/08/29       16/09/06          240       237       115.14
 Y       SFR          C          2

 
 5562991801        2534956        5435 LAKESPRING DRIVE
 OAKLEY                                  CA         94561           28,000
    27,979.21       14.25        143,000       125,000        2,388
 96/10/22       16/11/14          240       239       106.99
 Y       SFR          C          2
 556314208         2534957        1533 GREEBBRIAR WAY
 LOS BANOS                               CA         93635           19,000
    18,973.41       16.00        124,000       114,293        1,193
 96/09/05       21/10/11          300       298       107.49
 Y       SFR          C          2
 556316001         2534958        5609 ESCONDIDO COURT
 BAKERSFIELD                             CA         93313           24,999
    24,901.15       16.50        117,000       109,162        1,443
 96/08/19       11/09/15          180       177       114.67
 Y       SFR          C          2
 556253508         2534959        1101 HARVEST CREEK ROA
 BAKERSFIELD                             CA         93312           27,500
    27,404.56       14.25        105,371        89,665        1,655
 96/08/07       16/08/22          240       236       111.19
 Y       SFR          C          2
 556273088         2534960        3218 BUNDY AVENUE
 CLOVIS                                  CA         93611           15,000
    14,946.42       13.25        108,558       108,115        1,645
 96/10/10       11/10/15          180       178       113.41
 Y       SFR          C          2
 556297039         2534961        1205 SUTTER LANE
 SAN MARCOS                              CA         92069           35,000
    34,715.06       14.99        163,500       159,000        1,875
 96/05/31       11/06/05          180       174       118.65
 Y       SFR          C          2
 556174973         2534962        5905 NORTHEAST 99TH ST
 VANCOUVER                               WA         98665           40,000
    39,956.93       15.75        108,500        95,000        1,717
 96/08/08       21/08/16          300       296       124.42
 Y       SFR          C          2
 556175960         2534963        3452 BEVIS STREET
 SAN DIEGO                               CA         92111           40,000
    39,838.51       13.25        167,000       150,676        2,021
 96/10/15       06/11/28          120       119       114.18
 Y       SFR          C          2
 556195324         2534964        1011 NORTH 16TH STREET
 COEUR D'ALENE                           ID         83814           16,050
    15,794.58       13.75         76,000        68,198          871
 96/08/20       11/09/18          180       177       110.85
 Y       SFR          C          2
 556159450         2534965        10553 STRATHMORE DRIVE
 SANTEE                                  CA         92071           55,480
    55,480.00       13.75        175,000       163,270        2,868
 96/11/19       16/12/10          240       240       125.00
 Y       SFR          C          2
 556172207         2534966        5165 RIGEL WAY
 MIRA LOMA                               CA         91752           55,000
    54,909.21       14.00        172,000       158,843        2,557
 96/09/28       11/10/23          180       178       124.33
 Y       SFR          C          2
 556172850         2534967        245 NORTH STEPHORA AVE
 COVINA                                  CA         91724           31,600
    31,298.59       15.49        163,000       154,344        2,045
 96/04/20       16/04/26          240       232       114.08
 Y       SFR          C          2
 556111966         2534968        1156 KEIFER STREET
 MARYSVILLE                              CA         95901           25,000
    24,804.46       13.99         85,000        75,868        1,037
 96/07/01       11/07/12          180       175       118.67
 Y       SFR          C          2
 556131357         2534969        35072 HOLLOW CREEK DRI
 YUCAIPA                                 CA         92399           25,000
    23,719.49       13.25        128,000       131,102        1,520
 96/08/01       16/08/12          240       236       121.95
 Y       SFR          C          2

 
 556132109         2534970        29 CAMEO DRIVE
 ALISO VIEJO                             CA         92656           40,000
    39,830.62       14.99        192,000       176,904        2,077
 96/06/11       16/06/15          240       234       112.97
 Y       SFR          C          2
 556045952         2534971        15022 ORANGEWOOD DRIVE
 CHINO HILLS                             CA         91709           50,000
    47,886.54       13.75        140,000       123,505        2,368
 96/07/31       21/09/01          300       297       123.93
 Y       COND         C          2
 556085869         2534972        720 WARRENDALE AVENUE
 SIMI VALLEY                             CA         93065           65,000
    64,820.78       15.25        234,000       218,877        3,303
 96/08/05       16/09/15          240       237       121.31
 Y       SFR          C          2
 556087117         2534973        4285 WEST BROWN AVENUE
 FRESNO                                  CA         93722           60,000
    59,966.08       15.50        100,000        62,564        1,514
 96/09/23       21/10/11          300       298       122.56
 Y       SFR          C          2
 556021827         2534974        1968 WEST CLEMSON STRE
 SAN BERNARDINO                          CA         92407           25,000
    24,643.02       14.75        142,000       107,581        1,865
 96/07/09       16/07/25          240       235        93.37
 Y       SFR          C          2
 556026436         2534975        720 D STREET
 TAFT                                    CA         93268           25,000
    24,874.62       13.99         72,000        63,451          929
 96/07/27       11/09/06          180       177       122.85
 Y       SFR          C          2
 556045815         2534976        6881 RICHARD STREET
 SAN DIEGO                               CA         92115           31,750
    31,728.03       14.75        145,250       147,153        1,765
 96/10/24       16/11/07          240       239       123.17
 Y       SFR          C          2
 555967294         2534977        2859 SHANNON VALLEY RO
 ACTON                                   CA         93510           45,000
    44,769.03       13.75        220,000       213,249        2,511
 96/07/18       11/09/13          180       177       117.39
 Y       SFR          C          2
 555987533         2534978        1242 S. GLENCROFT ROAD
 GLENDORA                                CA         91740           40,000
    39,947.35       14.75        222,617       197,573        3,382
 96/08/06       21/08/15          300       296       106.72
 Y       SFR          C          2
 555958859         2534979        10356 VICTORIA AVENUE
 WHITTER                                 CA         90604           29,500
    29,400.99       13.49        114,750       113,736        1,427
 96/07/26       16/08/15          240       236       124.82
 Y       SFR          C          2
 555961445         2534980        1130 CAPE COD WAY
 SALINAS                                 CA         93906           35,800
    35,446.27       12.99        215,000       165,714        1,812
 96/07/09       11/07/15          180       175        93.73
 Y       SFR          C          2
 555965653         2534981        2640 EAST PALADIN AVEN
 ANAHEIM                                 CA         92806           50,000
    49,806.13       14.25        185,000       170,240        2,063
 96/07/30       16/08/26          240       236       119.05
 Y       SFR          C          2
 555900479         2534982        1470 WIMBLEDON DRIVE
 AUBURN                                  CA         95603           40,000
    39,667.07       14.75        140,000       132,679        2,210
 96/07/23       21/08/27          300       296       123.34
 Y       SFR          C          2
 555923209         2534983        672 MCMASTER LANE
 SANTA ROSA                              CA         95407           50,000
    49,860.29       15.75        150,000       114,455        2,061
 96/09/25       11/10/22          180       178       109.64
 Y       SFR          C          2

 
 555946349         2534984        709 WEST 8TH STREET
 SANTA ROSA                              CA         95401           40,000
    39,762.71       14.99        145,000       126,980        1,877
 96/05/03       16/05/10          240       233       115.16
 Y       SFR          C          2
 555881869         2534985        18847 EAST NEARFIELD S
 AZUSA                                   CA         91702           30,000
    29,875.76       14.99        144,900       141,272        2,899
 96/05/01       16/05/08          240       233       118.20
 Y       SFR          C          2
 555896436         2534986        764 EAST SHORE TERRACE
 CHULA VISTA                             CA         91913           27,500
    27,500.00       13.25        125,000       109,785        2,083
 96/11/12       21/12/19          300       300       109.83
 Y       SFR          C          2
 555862682         2534987        1620 KENILWORTH AVENUE
 PASADENA                                CA         91103           50,000
    49,908.76       15.75        205,000       162,809        4,355
 96/08/16       16/08/27          240       236       103.81
 Y       SFR          C          2
 555870811         2534988        2034 SOUTH JELLICK AVE
 ROWLAND HEIGHTS                         CA         91748           40,000
    39,716.24       14.49        161,000       157,724        2,280
 96/04/11       16/05/09          240       233       122.81
 Y       SFR          C          2
 555873787         2534989        1440 GAMAY CIRCLE
 OAKLEY                                  CA         94561           25,000
    24,984.48       15.00        165,000       137,021        1,677
 96/09/30       21/10/11          300       298        98.19
 Y       SFR          C          2
 555830468         2534990        19010 COMPANARIO DRIVE
 ROWLAND HEIGHTS                         CA         91748           70,000
    69,832.36       14.00        211,000       185,776        2,965
 96/09/25       16/10/16          240       238       121.22
 Y       SFR          C          2
 555842695         2534991        19001 CANYON SUMMIT
 TRABUCO CANYON                          CA         92679           35,000
    34,875.01       13.25        127,000        98,994        1,821
 96/10/10       11/10/15          180       178       105.51
 Y       COND         C          2
 555843848         2534992        1513 WEST ROBERTA AVEN
 FULLERTON                               CA         92633           68,000
    67,884.16       15.00        171,000       141,311        3,068
 96/08/09       21/08/15          300       296       122.40
 Y       SFR          C          2
 555768185         2534993        8301 MYRTLEWOOD CIRCLE
 WESTMINISTER                            CA         92683           75,000
    74,941.42       13.75        235,000       175,336        1,728
 96/09/28       21/10/15          300       298       106.53
 Y       SFR          C          2
 555801456         2534994        1645 N. HUMBOLDT AVENU
 ONTARIO                                 CA         91764           52,800
    52,611.44       13.25        135,000       108,692        1,891
 96/10/11       11/10/24          180       178       119.62
 Y       SFR          C          2
 555703735         2534995        135 EAST GAGE AVENUE
 LOS ANGELES                             CA         90003           35,000
    34,975.05       14.25        155,500       139,000        1,749
 96/09/17       21/10/07          300       298       111.90
 Y       SFR          C          2
 555752135         2534996        2119 ACKERMAN DRIVE
 PITTSBURG                               CA         94565           36,750
    36,709.88       14.25        140,000       130,000        2,214
 96/08/26       21/09/20          300       297       119.11
 Y       SFR          C          2
 555756038         2534997        612 SOUTH IONE STREET
 KENNEWICK                               WA         99336           32,500
    32,482.47       15.75         75,000        60,772        1,322
 96/10/11       21/10/18          300       298       124.36
 Y       SFR          C          2

 
 555691964         2534998        1010 VIA VASTAGO
 VISTA                                   CA         92083           26,000
    25,909.95       15.25        158,000       160,779        1,734
 96/09/05       16/10/15          240       238       118.21
 Y       SFR          C          2
 555698746         2534999        40136 VICKER WAY
 PALMDALE                                CA         93551           15,000
    14,883.46       13.99        135,000       128,874        2,645
 96/09/23       06/10/21          120       118       106.57
 Y       SFR          C          2
 555698886         2535000        1600 GATEWAY DRIVE
 VALLEJO                                 CA         94589           37,500
    37,267.40       13.25        158,000       157,000        1,998
 96/09/05       16/09/25          240       237       123.10
 Y       SFR          C          2
 555678840         2535001        10443 LAVENDER COURT
 RANCHO CUCAMONGA                        CA         91737           34,000
    33,932.22       13.75        180,000       154,346        1,844
 96/06/19       21/07/01          300       295       104.64
 Y       SFR          C          2
 555682933         2535002        3496 GREGORY DRIVE
 PITSBURG                                CA         94565           27,000
    26,728.29       13.75        150,000       147,000        3,164
 96/08/11       11/09/20          180       177       116.00
 Y       SFR          C          2
 555691515         2535003        658 BLUEFIELD LANE
 HAYWARD                                 CA         94541           70,000
    69,945.31       13.75        208,454       153,961        2,227
 96/09/20       21/10/16          300       298       107.44
 Y       SFR          C          2
 555664801         2535004        15850 FECANIN WAY
 RAMONA                                  CA         92065           43,500
    43,442.74       14.75        165,000       146,370        1,912
 96/08/07       21/08/21          300       296       115.07
 Y       SFR          C          2
 555665640         2535005        21561 ADLER DRIVE
 CALIFORNIA CITY                         CA         93505           49,710
    49,643.09       14.99        101,253        76,605        1,996
 96/09/10       16/09/27          240       237       124.75
 Y       SFR          C          2
 555677737         2535006        1735 O'MALLEY AVENUE
 UPLAND                                  CA         91784           36,500
    35,862.91       14.50        169,000       149,519        1,637
 96/06/19       21/07/01          300       295       110.07
 Y       SFR          C          2
 555612308         2535007        704 NORTH 4TH AVENUE
 COVINA                                  CA         91723           25,000
    24,877.74       14.25        160,000       155,354        1,832
 96/08/14       11/09/04          180       177       112.72
 Y       SFR          C          2
 555649705         2535008        742 NORTH CRUMAL COURT
 VISALIA                                 CA         93292           40,000
    39,714.48       14.99        143,400       124,912        3,097
 96/05/24       16/06/19          240       234       115.00
 Y       SFR          C          2
 555654839         2535009        1011 SOUTH CITRUS AVEN
 ESCONDIDO                               CA         92027           34,000
    33,818.09       14.49        138,500       136,500           64
 96/04/24       16/05/01          240       233       123.10
 Y       SFR          C          2
 555571910         2535010        13244 FORDHAM CIRCLE
 VICTORVILLE                             CA         92392           28,800
    28,713.20       14.99        126,834       120,450        2,400
 96/10/01       11/10/08          180       178       117.67
 Y       SFR          C          2
 555608606         2535011        4560 MEADOWHILL
 ANAHEIM                                 CA         92807           25,000
    24,898.95       14.99        175,000       146,215        1,748
 96/06/25       16/07/02          240       235        97.84
 Y       SFR          C          2

 
 555610346         2535012        17524 COTTRELL BOULEVA
 LAKE ELSINORE                           CA         92530           45,000
    44,959.77       15.25        102,000        82,118          945
 96/08/30       21/09/09          300       297       124.63
 Y       SFR          C          2
 555555572         2535013        378 RANDY LANE
 PERRIS                                  CA         92571           21,000
    20,855.45       13.75        175,000       145,061        1,590
 96/07/15       11/08/01          180       176        94.89
 Y       SFR          C          2
 555559781         2535014        773 TOWHEE COURT
 FREMONT                                 CA         94539           35,500
    35,487.42       14.25        228,000       192,000        2,494
 96/11/07       21/11/28          300       299        99.78
 Y       SFR          C          2
 555565676         2535015        250 E. 59TH STREET
 LONG BEACH                              CA         90805           40,480
    40,108.40       13.75        132,500       115,102        1,773
 96/10/03       06/10/18          120       118       117.42
 Y       SFR          C          2
 555475400         2535016        1007 E. 18TH STREET
 BAKERSFIELD                             CA         93305           30,000
    29,812.57       14.75         55,000        35,940          894
 96/07/31       11/08/23          180       176       119.89
 Y       SFR          C          2
 555494636         2535017        9897 PEBBLEBROOK DRIVE
 MORENO VALLEY                           CA         92557           47,678
    47,604.19       13.99        160,000       138,861        2,484
 96/08/27       16/10/01          240       238       116.59
 Y       SFR          C          2
 555528813         2535018        112 MAIN STREET
 BASALT                                  ID         83218           50,000
    49,875.04       13.50         82,500        30,296        1,453
 96/09/04       16/09/25          240       237        97.33
 Y       SFR          C          2
 555454381         2535019        2229 THISTLE STREET
 ROSAMOND                                CA         93560           25,000
    24,901.86       14.75        135,000       100,074        1,346
 96/08/20       11/10/04          180       178        92.65
 Y       SFR          C          2
 555463929         2535020        385 ORLENA AVENUE
 LONG BEACH                              CA         90814           50,000
    49,941.06       13.75        225,000       200,995        2,548
 96/08/08       21/08/28          300       296       111.55
 Y       SFR          C          2
 555470513         2535021        5502 HARCROSS DRIVE
 LOS ANGELES                             CA         90043           19,000
    18,641.98       14.99        235,000       223,250        3,855
 96/05/08       11/05/15          180       173       103.09
 Y       SFR          C          2
 555415681         2535022        1132 EVERGREEN COURT
 ROSAMOND                                CA         93560           39,000
    38,958.06       14.25        119,000       100,532        1,596
 96/07/26       21/08/28          300       296       117.25
 Y       SFR          C          2
 555451045         2535023        13077 BRACKEN STREET
 ARLETA                                  CA         91331           40,000
    39,822.14       14.49        170,000       147,851        2,067
 96/04/29       16/05/15          240       233       110.50
 Y       SFR          C          2
 555375871         2535024        7331 LEONARD AVENUE
 CITRUS HEIGHTS                          CA         95610           28,000
    27,676.82       14.25        115,500       112,095        1,800
 96/08/20       06/09/19          120       117       121.29
 Y       SFR          C          2
 555399562         2535025        671 ROCHESTER COURT
 VENTURA                                 CA         93004           46,000
    45,922.18       13.75        205,000       198,138        3,323
 96/10/25       11/11/21          180       179       119.09
 Y       SFR          C          2

 
 555411503         2535026        8138 ARMANDO COURT
 SACRAMENTO                              CA         95828           15,000
    14,919.15       14.99        107,900       106,887        1,970
 96/05/28       16/06/05          240       234       112.96
 Y       SFR          C          2
 555352314         2535027        8695 PERSHING AVENUE
 FAIR OAKS                               CA         95628           40,000
    39,926.99       15.75        130,000       122,375        2,503
 96/08/09       16/08/21          240       236       124.90
 Y       SFR          C          2
 555357374         2535028        30205 CLEMENT STREET
 LAKE ELSINORE                           CA         92530           18,000
    18,000.00       14.25        118,000        95,000        1,406
 96/10/28       11/11/27          180       180        95.76
 Y       SFR          C          2
 555372123         2535029        7441 BRIGHTON DRIVE
 DUBLIN                                  CA         94568           26,500
    26,500.00       14.25        207,900       196,000        2,138
 96/11/07       21/12/15          300       300       107.02
 Y       SFR          C          2
 555296250         2535030        6792 ALMADEN ROAD
 SAN JOSE                                CA         95120           47,500
    47,448.10       15.75        400,000       270,000        4,526
 96/08/09       21/09/01          300       297        79.38
 Y       SFR          C          2
 555313448         2535031        6302 CHEROKEE DRIVE
 WESTMINISTER                            CA         92683           21,000
    20,966.17       14.25        184,000       165,000        2,535
 96/10/29       11/11/15          180       179       101.09
 Y       SFR          C          2
 555340781         2535032        2742 A STREET #108
 SAN DIEGO                               CA         92102           40,000
    39,808.92       14.49        100,000        82,404        3,261
 96/09/30       11/10/04          180       178       122.40
 Y       COND         C          2
 555289471         2535033        2031 CALIFORNIA DRIVE
 VACAVILLE                               CA         95688           29,500
    29,155.18       12.99        131,000       100,500        1,229
 96/06/10       11/06/14          180       174        99.24
 Y       SFR          C          2
 555290511         2535034        6427 2ND AVENUE
 LOS ANGELES                             CA         90043           35,000
    34,899.72       15.50        133,000       124,079        2,304
 96/09/24       11/10/01          180       178       119.61
 Y       SFR          C          2
 555295668         2535035        1396 KIRKWOOD DRIVE
 CORONA                                  CA         91720           34,000
    33,751.24       13.25        168,000       116,965        2,130
 96/07/30       11/08/23          180       176        89.86
 Y       SFR          C          2
 555237587         2535036        14047 E. OAK STREET
 WHITTIER                                CA         90605           72,000
    71,849.18       15.25        167,000       133,553        2,851
 96/07/05       21/07/16          300       295       123.09
 Y       SFR          C          2
 555239789         2535037        22941 BANYAN PLACE #31
 SAUGUS                                  CA         91350           25,000
    24,822.81       13.75        155,000       123,932        1,529
 96/08/19       21/09/10          300       297        96.09
 Y       COND         C          2
 555256587         2535038        4317 RAYMOND AVENUE
 LOS ANGELES                             CA         90037           12,000
    12,000.00       14.25        129,900       131,669        2,397
 96/11/09       01/12/15           60        60       110.60
 Y       SFR          C          2
 555172522         2535039        8054 OAK MEADOW COURT
 CITRUS HEIGHTS                          CA         95610           24,990
    24,647.46       14.49        117,945       122,437        1,646
 96/07/01       16/07/09          240       235       125.00
 Y       SFR          C          2

 
 555192217         2535040        4 RAVENCREST CIRCLE
 POMONA                                  CA         91766           40,000
    39,843.27       14.49        188,000       170,472        2,327
 96/07/05       16/08/01          240       236       111.95
 Y       SFR          C          2
 555235921         2535041        5 GREENWOOD
 IRVINE                                  CA         92714           38,000
    38,000.00       13.75        212,000       154,480        2,916
 96/11/08       11/12/15          180       180        90.79
 Y       SFR          C          2
 555156991         2535042        551 SANTA ALICIA DRIVE
 ROHNERT PARK                            CA         94928           40,000
    39,636.88       14.99        164,000       153,052        1,856
 96/05/09       16/06/01          240       234       117.71
 Y       SFR          C          2
 555163859         2535043        521 EAST MCELHANEY AVE
 SANTA MARIA                             CA         93454           40,000
    39,896.56       13.25        169,000       131,491        1,643
 96/09/13       16/09/18          240       237       101.47
 Y       SFR          C          2
 555133486         2535044        421 KARIN STREET
 RIDGECREST                              CA         93555           38,000
    37,897.75       15.25         75,000        53,069        2,018
 96/08/22       16/09/04          240       237       121.43
 Y       SFR          C          2
 555133896         2535045        30244 JUSTAMERE AVENUE
 CASTAIC                                 CA         91384           30,000
    29,659.89       13.75        200,000       176,372        1,951
 96/07/03       11/07/22          180       175       103.19
 Y       SFR          C          2
 555060409         2535046        12108 LITTLE ACRES LAN
 WILTON                                  CA         95693           50,000
    49,936.00       15.75        160,000       144,156        2,491
 96/07/25       21/08/01          300       296       121.35
 Y       SFR          C          2
 555111259         2535047        2544 FINCHWOOD AVENUE
 CLOVIS                                  CA         93611           40,000
    39,984.46       13.75        158,500       149,682        3,047
 96/09/19       21/11/01          300       299       119.67
 Y       SFR          C          2
 555132425         2535048        4895 SANTO DRIVE
 AGOURA                                  CA         91301           38,000
    37,969.77       13.75        185,000       174,658        2,053
 96/09/06       16/10/11          240       238       114.95
 Y       SFR          C          2
 555042438         2535049        4320 SOUTHEAST NELSON
 OLALLA                                  WA         98355           24,950
    24,878.52       15.50        140,000       121,000        1,863
 96/09/18       11/10/01          180       178       104.25
 Y       SFR          C          2
 555049463         2535050        11235 ROXBURY WAY
 STANTON                                 CA         90680           23,000
    22,969.72       14.75        128,000       122,400        1,430
 96/07/22       21/08/21          300       296       113.59
 Y       SFR          C          2
 555021913         2535051        4439 PENWITH WAY
 NORTH HIGHLANDS                         CA         95660           18,000
    17,909.70       13.99         78,000        77,500        1,219
 96/09/05       11/09/13          180       177       122.44
 Y       SFR          C          2
 555025750         2535052        6504 GRAYLOCK LANE
 NORTH HIGHLANDS                         CA         95660           29,999
    29,855.68       14.49         90,000        80,727        1,147
 96/09/09       11/09/13          180       177       123.03
 Y       SFR          C          2
 555041855         2535053        11383 MINERAL PEAK COU
 ALTA LOMA                               CA         91737           16,000
    15,889.85       13.75        145,000       142,529        1,239
 96/07/18       11/08/01          180       176       109.33
 Y       SFR          C          2

 
 554924661         2535054        3162 NICOLE STREET
 STOCKTON                                CA         95205           25,000
    24,961.66       14.75        128,000       128,000        1,381
 96/09/24       11/11/01          180       179       119.53
 Y       SFR          C          2
 554967464         2535055        28810 FLOWERPARK DRIVE
 CANYON COUNTRY                          CA         91351           17,600
    17,600.00       14.00        172,000       152,796        1,939
 96/11/15       21/12/15          300       300        99.07
 Y       SFR          C          2
 554989403         2535056        1135 NORTH PURDUE
 CLOVIS                                  CA         93611           35,000
    34,770.42       14.25        132,500       129,087        2,502
 96/06/28       11/07/15          180       175       123.84
 Y       SFR          C          2
 554911668         2535057        2180 GEARY ROAD #35
 PLEASANT HILL                           CA         94523           21,000
    20,882.35       14.49         79,370        74,878        1,351
 96/07/23       16/08/01          240       236       120.80
 Y       COND         C          2
 554919047         2535058        1223 DARLENE COURT
 REDLANDS                                CA         92374           50,000
    49,848.84       14.25        161,000       150,042        2,466
 96/08/20       16/09/16          240       237       124.25
 Y       SFR          C          2
 554922102         2535059        6999 RODLING DRIVE #G
 SAN JOSE                                CA         95138           50,000
    49,749.55       14.75        175,000       137,378        2,545
 96/08/09       11/09/01          180       177       107.07
 Y       COND         C          2
 554886037         2535060        3314 W. 118TH PLACE
 INGLEWOOD                               CA         90305           25,000
    24,916.90       13.99        145,000       128,950        1,194
 96/09/13       11/10/01          180       178       106.17
 Y       SFR          C          2
 5548894381        2535061        4440 BAIN AVENUE
 SANTA CRUZ                              CA         95062           25,000
    24,981.45       14.25        280,000       218,874        2,796
 96/09/25       16/10/28          240       238        87.10
 Y       SFR          C          2
 554907434         2535062        1029 GRACKLE CT
 NEWMAN                                  CA         95360           25,000
    24,919.06       13.75         95,000        78,245        1,000
 96/07/17       16/07/23          240       235       108.68
 Y       SFR          C          2
 554837386         2535063        9502 STAFFORDSHIRE WAY
 BAKERSFIELD                             CA         93312           24,500
    24,213.82       13.75        116,000       114,615        2,358
 96/10/21       01/11/01           60        59       119.93
 Y       SFR          C          2
 5548482001        2535064        7230 HANNON STREET
 DOWNEY                                  CA         90240           29,500
    29,056.56       14.75        281,250       188,800        2,680
 96/07/19       06/08/13          120       116        77.62
 Y       SFR          C          2
 554868315         2535065        3963 SYCAMORE STREET
 PASADENA                                CA         91107           25,000
    24,214.84       14.75        152,000       143,664        1,911
 96/08/14       21/08/15          300       296       110.96
 Y       SFR          C          2
 554728332         2535066        2779 29TH STREET
 SAN BERNARDINO                          CA         92346           32,000
    31,971.38       15.25        112,000       105,837        1,484
 96/08/06       21/09/01          300       297       123.07
 Y       SFR          C          2
 554748839         2535067        39644 WILD FLOWER DRIV
 MURRIETA                                CA         92563           24,999
    23,906.48       13.75        104,000       101,970        1,393
 96/06/17       21/07/17          300       295       122.09
 Y       SFR          C          2

 
 554783581         2535068        15623 BECHARD AVENUE
 NORWALK                                 CA         90650           28,000
    27,963.87       13.25        264,000       210,649        2,931
 96/08/09       21/09/01          300       297        90.40
 Y       SFR          C          2
 554642746         2535069        5300 W. 1ST STREET  #C
 SANTA ANA                               CA         92703           30,000
    29,974.42       13.25        120,000       116,620        1,573
 96/10/15       16/11/08          240       239       122.18
 Y       COND         C          2
 554657241         2535070        28010 TIFFANY LANE #30
 CANYON COUNTRY                          CA         91351           30,000
    29,883.50       14.25        128,000        97,360        1,614
 96/06/18       16/07/16          240       235        99.50
 Y       COND         C          2
 554673496         2535071        12511 TOWNHILL COURT
 VICTORVILLE                             CA         92392           25,600
    25,572.46       14.25        140,000       119,607        2,011
 96/08/19       21/09/12          300       297       103.72
 Y       SFR          C          2
 554606437         2535072        3117 SHADOW CANYON CIR
 NORCO                                   CA         91760           74,000
    73,865.85       13.75        204,500       181,322        3,106
 96/08/26       21/09/12          300       297       124.85
 Y       SFR          C          2
 554634764         2535073        160 HILLVIEW DRIVE
 VALLEJO                                 CA         94591           70,000
    69,940.32       13.25        210,299       170,982        2,615
 96/10/09       16/11/01          240       239       114.59
 Y       SFR          C          2
 554568869         2535074        1531 FREDERICK STREET
 MOUNT SHASTA                            CA         96067           25,000
    24,966.76       16.00        128,000       127,433        2,192
 96/09/30       21/10/21          300       298       119.09
 Y       SFR          C          2
 554592677         2535075        1804 WESTMONT DRIVE
 ALHAMBRA                                CA         91803           75,000
    74,911.62       13.75        245,000       196,851        2,928
 96/08/24       21/09/09          300       297       110.96
 Y       SFR          C          2
 554606396         2535076        1512 IRIS DRIVE
 LODI                                    CA         95242           35,000
    34,975.11       14.49        215,000       178,965        2,379
 96/10/07       21/10/15          300       298        99.52
 Y       SFR          C          2
 554539283         2535077        4933 STIRRUP WAY
 ANTIOCH                                 CA         94509           27,500
    27,400.83       15.00        160,000       126,858        1,383
 96/06/12       16/07/01          240       235        96.47
 Y       SFR          C          2
 554541459         2535078        8800 STARFISH DRIVE
 BAKERSFIELD                             CA         93312           40,000
    39,947.35       14.75        130,000       110,347        2,396
 96/07/22       21/09/05          300       297       115.65
 Y       SFR          C          2
 554543004         2535079        2273 MEDINA STREET
 SIMI VALLEY                             CA         93063           25,000
    24,919.00       14.25        227,000       199,000        2,060
 96/09/14       11/10/01          180       178        98.68
 Y       SFR          C          2
 554492621         2535080        7703 RUSHLIGHT AVENUE
 LITTLEROCK                              CA         93543           29,000
    28,962.59       13.25         92,900        86,851        1,311
 96/07/31       21/09/10          300       297       124.71
 Y       SFR          C          2
 554495129         2535081        6300 CORONADO AVENUE
 LONG BEACH                              CA         90805           50,000
    49,448.12       15.00        184,400       179,354        2,827
 96/08/19       06/09/11          120       117       124.38
 Y       SFR          C          2

 
 554515005         2535082        1437 NORTH ISLAND AVEN
 WILMINGTON                              CA         90744           50,000
    49,900.68       13.75        168,000       126,393        2,701
 96/06/22       21/07/01          300       295       105.00
 Y       SFR          C          2
 554476136         2535083        347 CATALINA PLACE
 MANTECA                                 CA         95337           28,500
    28,444.15       15.25        156,000       154,000        1,899
 96/08/15       16/09/01          240       237       116.99
 Y       SFR          C          2
 554478480         2535084        33421 OCEANHILL DRIVE
 DATA POINT                              CA         92629           75,000
    74,689.86       13.75        226,000       206,341        4,391
 96/08/10       16/08/21          240       236       124.49
 Y       SFR          C          2
 554455365         2535085        12013 LASSALLE STREET
 MORENO VALLEY                           CA         92557           35,000
    34,875.01       13.25        150,000        97,537        1,954
 96/09/09       11/10/11          180       178        88.36
 Y       SFR          C          2
 554472894         2535086        2782 NORTH KNOLL AVENU
 FRESNO                                  CA         93722           21,500
    21,435.02       14.25        110,000        89,115           82
 96/07/28       16/08/15          240       236       100.56
 Y       SFR          C          2
 554474460         2535087        22915 ROCKCRESS STREET
 CORONA                                  CA         91719           43,000
    42,112.58       13.25        165,000       151,251        2,137
 96/06/18       06/07/12          120       115       117.73
 Y       SFR          C          2
 554434562         2535088        18209 SIERRA HIGHWAY #
 SANTA CLARITA                           CA         91351           25,000
    24,918.25       14.25         95,000        64,990        2,814
 96/08/07       16/08/15          240       236        94.73
 Y       COND         C          2
 554452532         2535089        19692 SOUTH FALCON DRI
 OREGON CITY                             OR         97045           50,000
    49,980.58       13.75        115,000        89,099        1,365
 96/11/27       21/12/15          300       300       120.96
 Y       SFR          C          2
 5543529821        2535090        3901 AMERICAN RIVER RO
 ONTARIO                                 CA         91761           28,000
    27,956.71       14.00        137,000       140,084        2,074
 96/09/30       16/10/08          240       238       122.69
 Y       SFR          C          2
 554355535         2535091        32903 ROMERO DRIVE
 TEMECULA                                CA         92592           20,000
    19,992.91       14.25        117,000        92,000        1,198
 96/10/23       21/11/14          300       299        95.73
 Y       SFR          C          2
 554432910         2535092        7591 BALDWIN STREET
 VALLEY SPRINGS                          CA         95252           30,500
    30,473.90       15.49        108,374        96,251        1,575
 96/08/02       21/08/09          300       296       116.96
 Y       SFR          C          2
 554350053         2535093        13861 LEXICON AVENUE
 SYLMAR                                  CA         91342           46,000
    45,775.05       14.25        156,000       142,000        2,656
 96/08/27       11/09/10          180       177       120.51
 Y       SFR          C          2
 554351555         2535094        131 FLAG WAY UNIT A31
 PASO ROBLES                             CA         93446           25,000
    24,914.72       13.25        115,000       101,525        1,347
 96/11/15       16/11/22          240       239       110.02
 Y       COND         C          2
 554312114         2535095        2253 JOHNSON DRIVE
 VENTURA                                 CA         93003           40,000
    39,886.06       14.99        145,000       132,714        1,753
 96/09/19       21/10/17          300       298       119.11
 Y       SFR          C          2

 
 554312194         2535096        68660 30TH AVENUE
 CATHEDRAL CITY                          CA         92234           40,000
    39,942.26       14.25        135,000       121,734        2,184
 96/08/07       21/08/20          300       296       119.80
 Y       SFR          C          2
 554337873         2535097        1620 BRAMHALL AVENUE
 GLENDORA                                CA         91740           32,000
    31,709.52       13.25        195,000       178,697        2,412
 96/07/01       11/07/19          180       175       108.05
 Y       SFR          C          2
 554278528         2535098        31616 ARROW POINT DRIV
 CASTAIC                                 CA         91384           25,000
    25,000.00       13.75        200,000       179,702        2,330
 96/11/18       06/12/19          120       120       102.35
 Y       SFR          C          2
 554295858         2535099        15135 LA SABANA DRIVE
 LA MIRADA                               CA         90638           33,000
    33,000.00       13.75        160,000       132,721        2,831
 96/12/05       12/01/11          180       180       103.58
 Y       SFR          C          2
 554273300         2535100        8305 KINSALE COURT
 ANTELOPE                                CA         95843           28,000
    27,989.12       13.75        114,000       114,000        1,287
 96/11/14       21/11/28          300       299       124.56
 Y       SFR          C          2
 554276304         2535101        321 E. PARKWOOD AVENUE
 LA HABRA                                CA         90631           25,000
    24,871.66       13.75        175,000       140,520        2,014
 96/07/16       11/08/27          180       176        94.58
 Y       SFR          C          2
 5541565641        2535102        38928 JUNIPER TREE ROA
 PALMDALE                                CA         93551           36,650
    36,606.81       13.75         87,932        73,261        1,280
 96/08/08       21/09/17          300       297       125.00
 Y       SFR          C          2
 554174945         2535103        288 MONROE COURT
 AZUSA                                   CA         91702           25,000
    24,679.49       13.90        137,500       137,057        2,364
 96/04/03       16/04/10          240       232       117.86
 Y       SFR          C          2
 554256873         2535104        5216 SUN GEM COURT
 LAS VEGAS                               NV         89130           37,000
    36,979.04       15.49        132,000       119,075        1,747
 96/09/26       21/10/03          300       298       118.24
 Y       SFR          C          2
 554133637         2535105        6281 N. FORESTIERE AVE
 FRESNO                                  CA         93722           50,000
    49,966.55       14.99        115,000        92,814          677
 96/10/01       16/10/17          240       238       124.19
 Y       SFR          C          2
 554150526         2535106        4308 WINDGATE DRIVE
 DENAIR                                  CA         95316           22,725
    22,707.81       15.99         90,000        88,672        1,386
 96/10/23       16/11/01          240       239       123.77
 Y       SFR          C          2
 554024911         2535107        24642 CANELA
 MISSION VIEJO                           CA         92692           24,900
    24,728.57       13.75        224,000       207,000        2,151
 96/07/22       11/08/01          180       176       103.53
 Y       SFR          C          2
 554084315         2535108        13214 LAMPLITE LANE
 LAKESIDE                                CA         92040           26,000
    25,988.64       14.99        134,900       128,150        1,516
 96/10/17       21/10/24          300       298       114.27
 Y       SFR          C          2
 554088039         2535109        1609 SUTTER LANE
 LODI                                    CA         95240           30,000
    29,927.54       13.75        115,500       113,322        2,013
 96/08/27       16/09/15          240       237       124.09
 Y       SFR          C          2

 
 553960616         2535110        6650 FLOWER STREET
 RENO                                    NV         89506           40,000
    39,975.17       15.00         84,000        63,021        1,059
 96/08/08       21/09/01          300       297       122.64
 Y       SFR          C          2
 554023127         2535111        1268 SOUTHAMPTON STREE
 SAN MARCOS                              CA         92069           50,000
    49,743.34       13.75        180,000       174,021        3,425
 96/08/20       11/10/01          180       178       124.46
 Y       SFR          C          2
 554024602         2535112        210 CHINABERRY LANE
 ALAMEDA                                 CA         94502           32,500
    32,341.16       14.25        272,700       243,000        3,131
 96/09/13       11/09/15          180       177       101.03
 Y       SFR          C          2
 553924323         2535113        907 EAST CYPRESS AVENU
 GLENDORA                                CA         91741           55,000
    54,781.94       14.75        225,000       197,486        2,436
 96/09/11       16/09/27          240       237       112.22
 Y       SFR          C          2
 553924426         2535114        1947 LASSEN AVENUE
 CLAREMONT                               CA         91711           25,000
    24,814.79       15.75        197,500       206,524        2,342
 96/07/05       16/07/19          240       235       117.23
 Y       SFR          C          2
 553944773         2535115        5518 CALIFORNIA STREET
 LONG BEACH                              CA         90807           34,000
    33,980.77       15.50        140,000       135,291        1,955
 96/08/27       21/10/01          300       298       120.92
 Y       SFR          C          2
 553880480         2535116        609 DOREEN COURT
 UPLAND                                  CA         91786           34,000
    33,802.60       14.99        138,000       136,801        2,139
 96/04/26       16/09/04          240       237       123.77
 Y       SFR          C          2
 553892114         2535117        2837 STANFIELD DRIVE
 STOCKTON                                CA         95209           39,200
    39,169.67       14.99        128,000       114,441        3,614
 96/10/11       16/11/01          240       239       120.03
 Y       SFR          C          2
 553895668         2535118        767 PUEBLO WAY
 VALLEJO                                 CA         94591           21,000
    20,892.21       13.75        199,000       162,000        2,910
 96/08/18       11/09/26          180       177        91.96
 Y       SFR          C          2
 553862164         2535119        14005 CALLE ROSALES
 BAKERSFIELD                             CA         93312           38,000
    37,947.69       15.75        145,500       140,660        2,055
 96/07/09       21/07/15          300       295       122.79
 Y       SFR          C          2
 553878274         2535120        12 VITTORIA STREET
 LAGUNA NIGUEL                           CA         92677           20,500
    20,500.00       13.25        220,000       188,886        1,901
 96/11/22       16/12/20          240       240        95.18
 Y       SFR          C          2
 553880036         2535121        43335 LOOKABOUT DRIVE
 LAKE ELIZABETH                          CA         93532           30,000
    29,721.75       13.75        122,000       115,249        1,496
 96/10/01       16/10/17          240       238       119.06
 Y       SFR          C          2
 553828539         2535122        4195 GEORGE AVENUE
 MARYSVILLE                              CA         95901           35,000
    34,983.88       12.99        118,156       107,884        1,465
 96/10/30       21/11/07          300       299       120.93
 Y       SFR          C          2
 553829924         2535123        2023 KIT FOX COURT
 COOL                                    CA         95614           25,000
    24,647.22       13.99        215,000       154,584        1,944
 96/05/17       11/06/01          180       174        83.53
 Y       SFR          C          2

 
 553845029         2535124        2845 ALPINE CREEK ROAD
 RENO                                    NV         89509           62,000
    61,845.03       13.50        169,000       135,181        3,061
 96/08/04       16/09/01          240       237       116.68
 Y       SFR          C          2
 553786421         2535125        2358 CORK CIRCLE
 SACRAMENTO                              CA         95822           25,000
    24,961.29       13.99        129,017       136,178        2,710
 96/09/25       16/10/01          240       238       124.93
 Y       SFR          C          2
 553798304         2535126        467 E. SECOND AVENUE
 CHICO                                   CA         95926           40,000
    39,949.39       14.50        101,000        70,264          582
 96/09/13       21/10/23          300       298       109.17
 Y       SFR          C          2
 5538211641        2535127        2241 RAVENCREST COURT
 RIVERSIDE                               CA         92506           50,000
    49,767.13       14.75        427,500       452,385        5,532
 96/08/20       11/09/11          180       177       117.52
 Y       SFR          C          2
 553780997         2535128        1743 WILLIAM MOSS BOUL
 STOCKTON                                CA         95206           40,000
    39,794.69       13.75        128,000       115,000        2,277
 96/07/02       11/09/18          180       177       121.09
 Y       SFR          C          2
 553785647         2535129        1855 VALLEY VISTA LANE
 AUBURN                                  CA         95603           32,000
    31,896.38       13.75        127,000       120,650        1,797
 96/06/25       16/08/20          240       236       120.20
 Y       SFR          C          2
 553747500         2535130        145-B SOUTH CROSS CREE
 ORANGE                                  CA         92669           30,000
    29,909.58       14.99        150,000       118,585        1,852
 96/09/21       11/09/26          180       177        99.06
 Y       COND         C          2
 553774166         2535131        642 AVENUE J-11 EAST
 LANCASTER                               CA         93535           25,000
    24,389.51       14.99        112,000       106,828        2,060
 96/05/22       06/06/01          120       114       117.70
 Y       SFR          C          2
 553743858         2535132        1359 HELEN STREET
 WRIGHTWOOD                              CA         92397           40,700
    40,678.03       15.75        136,189       117,450        3,440
 96/10/14       21/10/24          300       298       116.13
 Y       SFR          C          2
 553745555         2535133        2729 THUNDER DRIVE
 OCEANSIDE                               CA         92056           40,000
    39,943.07       15.50        155,500       154,234        2,808
 96/11/14       11/11/01          180       179       124.91
 Y       SFR          C          2
 553746321         2535134        2228 ASCOT STREET
 CORONA                                  CA         91719           25,000
    24,817.07       14.99        147,000       143,883        3,036
 96/09/10       06/10/03          120       118       114.89
 Y       COND         C          2
 553705926         2535135        2505 W. MALL PLACE
 ANAHEIM                                 CA         92804           50,000
    49,946.24       14.25        170,000       150,891        2,218
 96/09/25       21/10/09          300       298       118.17
 Y       SFR          C          2
 553723924         2535136        9069 CHANTAL WAY
 SACRAMENTO                              CA         95829           74,000
    73,972.50       13.99        160,000       125,563        2,705
 96/10/28       21/11/01          300       299       124.73
 Y       SFR          C          2
 553741710         2535137        12937 ARAPAHO ROAD
 RANCHO CUCAMONGA                        CA         91739           75,000
    74,863.94       14.25        329,000       247,064        3,000
 96/06/21       21/07/19          300       295        97.89
 Y       SFR          C          2

 
 5536904761        2535138        220 POINSETTIA AVENUE
 MONROVIA                                CA         91016           70,000
    69,750.02       13.25        181,000       147,030        2,362
 96/09/13       11/10/08          180       178       119.91
 Y       SFR          C          2
 553693678         2535139        1529 ASHCROFT AVENUE
 CLOVIS                                  CA         93611           25,000
    24,419.13       13.75        102,600       101,841        1,262
 96/06/25       16/07/15          240       235       123.63
 Y       SFR          C          2
 553697828         2535140        2908 SHASTA DRIVE
 FAIRFIELD                               CA         94533           42,000
    41,853.44       13.49        160,001       140,000        1,626
 96/10/06       11/10/15          180       178       113.75
 Y       SFR          C          2
 553660989         2535141        497 CAMINO LOS GALLOS
 PERRIS                                  CA         92571           13,400
    13,378.80       13.75         99,000        97,542        1,524
 96/08/01       21/08/15          300       296       112.06
 Y       SFR          C          2
 553684505         2535142        230 OLIVE BRANCH COURT
 BENICIA                                 CA         94510           38,000
    37,505.18       13.75        350,000       395,427        3,751
 96/11/05       21/12/17          300       300       123.84
 Y       SFR          C          2
 553648986         2535143        3920 LAMARR AVENUE
 CULVER CITY                             CA         90232           38,500
    38,472.80       16.50        345,000       273,352        3,269
 96/08/21       21/09/01          300       297        90.39
 Y       SFR          C          2
 553660724         2535144        11551 LA COSTA COURT
 REDDING                                 CA         96003           33,900
    33,683.96       15.50        181,000       187,261        2,478
 96/07/30       16/09/04          240       237       122.19
 Y       SFR          C          2
 553597508         2535145        1811 JUNE MARIE COURT
 HAYWARD                                 CA         94541           50,000
    49,755.50       14.25        140,000       124,360        1,764
 96/08/23       11/09/11          180       177       124.54
 Y       SFR          C          2
 553625871         2535147        4280 VIA ARBOLADA #336
 LOS ANGELES                             CA         90042           36,600
    36,402.86       13.25        137,000       125,716        1,655
 96/08/16       11/09/01          180       177       118.48
 Y       COND         C          2
 553572493         2535148        6124 TUJUNGA AVENUE
 NORTH HOLLYWOOD                         CA         91606           40,000
    39,891.11       15.00        150,000       145,925        1,780
 96/07/11       16/08/06          240       236       123.95
 Y       SFR          C          2
 553590381         2535149        43 APPIAN WAY #A
 SOUTH SAN FRANCISCO                     CA         94080           40,700
    40,639.22       14.25        211,786       171,000        3,211
 96/08/28       16/10/02          240       238        99.96
 Y       SFR          C          2
 553590463         2535150        30220 SKIPJACK
 CANYON LAKE                             CA         92587           29,000
    28,951.29       14.75        123,000        98,400        1,881
 96/08/18       21/09/01          300       297       103.58
 Y       SFR          C          2
 553547598         2535151        19044 EAST PRENTICE CI
 AURORA                                  CO         80015           50,000
    49,908.76       15.75        205,000       193,967        3,543
 96/08/15       16/09/11          240       237       119.01
 Y       SFR          C          2
 553547737         2535152        13520 YVONNE WAY
 SANTA MARGARITA                         CA         93453           45,500
    45,461.21       13.25        211,000       105,487        3,087
 96/10/09       16/11/08          240       239        71.56
 Y       SFR          C          2

 
 553564716         2535153        573 E.N. BEAR CREEK DR
 MERCED                                  CA         95340           25,912
    25,869.22       14.00        130,000       128,138        1,400
 96/10/22       11/11/04          180       179       118.50
 Y       SFR          C          2
 553531031         2535154        913 WOODROW AVENUE
 BAKERSFIELD                             CA         93308           25,000
    24,980.47       13.75         75,000        64,766        1,139
 96/10/09       21/10/25          300       298       119.69
 Y       SFR          C          2
 553536752         2535155        279 AURORA DRIVE
 PERRIS                                  CA         92571           25,000
    24,897.34       13.99         99,490        96,238        2,424
 96/04/29       16/06/08          240       234       121.86
 Y       SFR          C          2
 553543179         2535156        1652 ASHFORD AVENUE
 ROSEVILLE                               CA         95661           57,780
    57,730.57       13.25        169,000       147,000        1,180
 96/09/24       21/10/23          300       298       121.17
 Y       SFR          C          2
 553437915         2535157        1960 THOMAS DEHAVEN CO
 TRACY                                   CA         95376           40,000
    39,658.29       14.49        162,484       160,525        2,234
 96/05/02       16/05/10          240       233       123.41
 Y       SFR          C          2
 553472711         2535158        2824 ROSEWOOD AVENUE
 CERES                                   CA         95307           34,000
    33,952.67       14.75        100,000        72,646        2,194
 96/09/20       16/10/10          240       238       106.65
 Y       SFR          C          2
 553473579         2535159        8660 HALLBORO COURT
 SACRAMENTO                              CA         95828           33,000
    32,974.23       13.75        103,750        88,401        1,244
 96/10/18       21/11/01          300       299       117.01
 Y       SFR          C          2
 553432172         2535160        9075 WARM SPRINGS CIRC
 STOCKTON                                CA         95210           11,800
    11,666.74       14.99        125,000       114,040        1,789
 96/11/04       01/11/13           60        59       100.67
 Y       SFR          C          2
 553436787         2535161        1090-H CABRILLO PARK D
 SANTA ANA                               CA         92701           20,550
    20,532.42       13.25        112,000       112,032        1,516
 96/10/08       21/10/21          300       298       118.38
 Y       COND         C          2
 553411589         2535162        320 PARK STREET
 CONCORD                                 CA         94520           44,300
    44,009.46       14.25        170,000       160,562        2,397
 96/07/18       11/08/13          180       176       120.51
 Y       SFR          C          2
 553419770         2535163        1553 LA CORTA STREET
 LEMON GROVE                             CA         91945           40,000
    39,911.48       16.50        180,000       133,339        2,643
 96/07/17       16/08/01          240       236        96.30
 Y       SFR          C          2
 553431944         2535164        2640 ZUIDER ZEE CIRCLE
 ELVERTA                                 CA         95626           20,000
    19,973.06       14.99        102,000        80,285        1,240
 96/10/07       16/10/11          240       238        98.32
 Y       SFR          C          2
 553372025         2535165        5616 SNOWFLAKE COMMON
 FREMONT                                 CA         94538           38,000
    38,000.00       14.25        167,000       166,022        3,151
 96/11/14       21/12/20          300       300       122.17
 Y       COND         C          2
 553374839         2535166        862 NORTH HUNTINGTON S
 SAN FERNANDO                            CA         91340           30,000
    29,725.26       13.25        170,000       142,059        2,105
 96/06/20       11/07/15          180       175       101.21
 Y       SFR          C          2

 
 553354774         2535167        8775 TANGELO AVENUE
 FONTANA                                 CA         92335           33,000
    32,942.84       13.75        113,000       106,173        1,946
 96/08/27       21/09/23          300       297       123.16
 Y       SFR          C          2
 553357855         2535168        36 SANTA CLARA STREET
 ALISO VIEJO                             CA         92656           75,000
    74,623.13       13.75        241,750       192,183          921
 96/11/01       11/11/24          180       179       110.52
 Y       SFR          C          2
 553319693         2535169        1045 NORTH WHITTIER ST
 ANAHEIM                                 CA         92806           50,000
    49,968.97       15.00        186,990       176,980        2,499
 96/09/06       21/10/08          300       298       121.39
 Y       SFR          C          2
 553335468         2535170        510 ROSE LANE
 TWIN PEAKS                              CA         92391           40,000
    39,976.30       15.25        126,000       116,241        2,283
 96/08/09       21/09/26          300       297       124.00
 Y       SFR          C          2
 553339393         2535171        3015 NE 135TH AVENUE
 VANCOUVER                               WA         98682           75,000
    74,893.41       16.25        101,200        46,276        1,539
 96/08/21       21/09/01          300       297       119.84
 Y       SFR          C          2
 553316245         2535172        7528 COTTONTREE WAY
 SACRAMENTO                              CA         95828           39,000
    38,985.53       14.00        114,250        94,078        2,242
 96/11/05       21/11/15          300       299       116.48
 Y       SFR          C          2
 553316978         2535173        920 CORONADO DRIVE
 GLENDALE                                CA         91206           62,500
    62,394.28       13.75        285,000        25,988        4,044
 96/10/08       11/11/07          180       179        31.05
 Y       SFR          C          2
 553296516         2535174        19623 WIERSMA AVENUE
 CERRITOS                                CA         90703           30,000
    29,846.00       13.75        268,500       182,000        2,812
 96/08/20       11/09/15          180       177        78.96
 Y       SFR          C          2
 553314021         2535175        5145 RHOADS AVENUE
 SANTA BARBARA                           CA         93111           50,000
    49,879.28       13.75        240,000       181,702        3,827
 96/08/30       16/09/11          240       237        96.54
 Y       SFR          C          2
 553290105         2535176        43220 CORTE CABRERA
 TEMECULA                                CA         92592           25,000
    24,728.72       13.49        150,000       143,430        2,424
 96/05/24       11/06/08          180       174       112.29
 Y       SFR          C          2
 553290203         2535177        4941 ALCOTT DRIVE
 SACRAMENTO                              CA         95820           21,900
    21,770.08       14.99         90,000        86,585        1,063
 96/05/16       16/05/28          240       233       120.54
 Y       SFR          C          2
 553239577         2535178        538 APPLE HILL DRIVE
 BRENTWOOD                               CA         94513           51,500
    51,298.20       13.75        203,000       164,000        2,581
 96/10/31       06/11/15          120       119       106.16
 Y       SFR          C          2
 553278388         2535179        2680 SILVERTREE LANE
 WASCO                                   CA         93280           52,500
    52,409.23       13.75        147,658       124,120        2,209
 96/09/20       16/10/15          240       238       119.61
 Y       SFR          C          2
 553115864         2535180        7708 NEWCASTLE COURT
 HIGHLAND                                CA         92346           40,000
    39,724.64       13.75        104,000        84,671        1,503
 96/08/02       11/08/16          180       176       119.88
 Y       SFR          C          2

 
 553154487         2535181        22911 GALAXY LANE
 LAKE FOREST                             CA         92630           35,500
    35,484.90       13.25        132,000       120,503        1,567
 96/10/25       21/11/15          300       299       118.18
 Y       COND         C          2
 553196777         2535182        14727 SHADOW DRIVE
 FONTANA                                 CA         92337           27,000
    26,878.91       13.75        118,000       106,966        1,371
 96/09/12       21/10/01          300       298       113.53
 Y       SFR          C          2
 553065664         2535183        986 NE COLBY CT
 BREMERTON                               WA         98310           39,800
    39,760.40       16.25        132,000        93,892        1,686
 96/08/07       21/09/01          300       297       101.28
 Y       SFR          C          2
 553089866         2535184        555 SOUTH 65TH STREET
 SAN DIEGO                               CA         92114           49,000
    48,926.84       14.25        130,000       109,727        2,591
 96/09/13       16/09/27          240       237       122.10
 Y       SFR          C          2
 553114860         2535185        4027 NOOK #D
 LAS VEGAS                               NV         89103           22,000
    21,878.52       12.99         88,000        71,156        1,177
 96/09/23       11/09/27          180       177       105.86
 Y       SFR          C          2
 553048852         2535186        2904-C CAMINO CAPISTRA
 SAN CLEMENTE                            CA         92672           21,100
    21,044.54       15.25        173,000       143,127        1,531
 96/08/12       16/08/22          240       236        94.93
 Y       COND         C          2
 553061781         2535187        3780 NORTH FORESTIERE
 FRESNO                                  CA         93722           65,000
    64,907.49       15.50        120,000        75,005        2,024
 96/10/29       11/11/19          180       179       116.67
 Y       SFR          C          2
 553064930         2535188        4515 E. MADISON
 FRESNO                                  CA         93702           19,500
    19,026.49       14.99         54,000        47,373          708
 96/04/30       16/05/07          240       233       123.84
 Y       SFR          C          2
 552985535         2535189        571 NORTH LOMBARDI
 PORTERVILLE                             CA         93257           32,000
    31,539.85       15.49         85,000        60,240        1,472
 96/08/23       21/09/01          300       297       108.52
 Y       SFR          C          2
 552989067         2535190        2563 LAKE SHORE DRIVE
 CAMPO                                   CA         91906           64,000
    64,000.00       13.25        209,250       133,520        2,426
 96/11/05       21/12/16          300       300        94.39
 Y       SFR          C          2
 553029577         2535191        1444 SOUTH DODSWORTH A
 GLENDORA                                CA         91740           33,000
    32,691.92       13.50        175,000       156,533        1,679
 96/07/01       21/08/12          300       296       108.30
 Y       SFR          C          2
 552881932         2535192        10101 JAMESTOWN STREET
 VENTURA                                 CA         93004           35,000
    34,942.04       14.75        187,000       194,518        2,112
 96/07/12       21/07/19          300       295       122.74
 Y       SFR          C          2
 552943846         2535193        2521 WEST ADAMS STREET
 SANTA ANA                               CA         92704           50,000
    49,887.34       14.25        210,000       194,500        1,793
 96/08/19       16/09/01          240       237       116.43
 Y       SFR          C          2
 552946650         2535194        1570 PARROT STREET
 SAN DIEGO                               CA         92105           40,000
    39,954.87       13.99        127,839       111,685          958
 96/09/08       21/09/12          300       297       118.65
 Y       SFR          C          2

 
 552817400         2535195        6813 SHADY WOODS WAY
 RIO LINDA                               CA         95673           63,000
    62,980.55       14.99        130,000        99,204        1,914
 96/09/23       21/10/15          300       298       124.77
 Y       SFR          C          2
 552850750         2535196        15678 AMBER POINTE DRI
 VICTORVILLE                             CA         92392           23,492
    23,454.84       13.75         91,061        90,334        1,059
 96/07/16       21/07/15          300       295       125.00
 Y       SFR          C          2
 552860371         2535197        11 KIM COURT
 MARTINEZ                                CA         94553           45,000
    44,795.72       15.49        205,000       160,220        3,787
 96/07/26       21/08/01          300       296       100.11
 Y       SFR          C          2
 552715720         2535198        13320 NEDDICK AVENUE
 POWAY                                   CA         92604           28,000
    27,747.20       14.99        167,000       149,145        1,855
 96/06/07       16/06/12          240       234       106.07
 Y       SFR          C          2
 552722871         2535199        18261 SUTTER STREET
 PLYMOUTH                                CA         95629           30,000
    29,979.24       14.75        176,000        80,129        1,477
 96/10/24       16/11/21          240       239        62.57
 Y       SFR          C          2
 552813232         2535200        5267-5269 MOUNT ROYAL
 LOS ANGELES                             CA         90041           40,000
    39,930.67       13.50        217,250       208,257        2,875
 96/10/28       11/11/20          180       179       114.27
 Y       SFR          C          2
 552670292         2535201        2600 BROOKSIDE DRIVE #
 BAKERSFIELD                             CA         93311           30,000
    29,969.18       14.50        100,000        69,131        1,324
 96/08/09       21/09/17          300       297        99.13
 Y       COND         C          2
 552705815         2535202        3776 WEST GRANT LINE D
 TRACY                                   CA         95376           35,500
    35,427.87       14.99        148,000       145,809        1,773
 96/08/19       16/09/05          240       237       122.51
 Y       SFR          C          2
 552708172         2535203        2018 HARMIL WAY
 SAN JOSE                                CA         95125           75,000
    74,941.42       13.75        338,250       214,000        3,586
 96/10/02       21/10/15          300       298        85.44
 Y       SFR          C          2
 552617389         2535204        37714 AVENIDA DE CASAS
 PALMDALE                                CA         93552           29,000
    28,848.46       14.99        114,190       109,298        1,553
 96/05/13       16/06/01          240       234       121.11
 Y       SFR          C          2
 552641492         2535205        234 WEST GREYSTONE AVE
 MONROVIA                                CA         91016           39,000
    38,968.97       13.75        230,000       191,240        2,168
 96/10/18       16/11/15          240       239       100.10
 Y       SFR          C          2
 552643248         2535206        2201 HIGHLAND DRIVE
 ANACORTES                               WA         98221           75,000
    74,871.39       13.25        330,800       230,000        2,951
 96/09/17       16/10/04          240       238        92.20
 Y       SFR          C          2
 552582794         2535207        8120 COLERAINE WAY
 SACRAMENTO                              CA         95829           25,000
    24,904.54       16.75        165,000       149,000        1,656
 96/08/19       11/08/26          180       176       105.45
 Y       SFR          C          2
 552602594         2535208        712 CALLE CAMISA
 SAN CLEMENTE                            CA         92673           50,000
    49,946.21       14.25        175,000       130,899        1,540
 96/08/16       21/09/05          300       297       103.37
 Y       SFR          C          2

 
 552610843         2535209        5572 NORTH DELBERT AVE
 FRESNO                                  CA         93722           24,500
    24,416.62       13.75         97,970        96,900        1,407
 96/10/02       11/10/28          180       178       123.92
 Y       SFR          C          2
 552552103         2535210        1419 MARCELLA COURT
 ONTARIO                                 CA         91764           62,000
    61,496.60       13.25        140,000       105,303        1,415
 96/09/20       06/10/15          120       118       119.50
 Y       SFR          C          2
 552557021         2535211        3442 SAN JOAQUIN ROAD
 COVINA                                  CA         91724           42,500
    42,355.40       13.75        190,000       194,864        2,100
 96/09/30       11/10/23          180       178       124.93
 Y       SFR          C          2
 552575453         2535212        1402 MELWOOD DRIVE
 SAN JOSE                                CA         95118           35,000
    34,986.41       13.75        203,750       198,000        2,352
 96/11/15       21/12/05          300       300       114.36
 Y       SFR          C          2
 552501984         2535213        2700 NORTH GRANTLAND A
 FRESNO                                  CA         93722           20,000
    19,871.97       14.50        103,694        84,688        1,003
 96/07/12       11/07/24          180       175       100.96
 Y       SFR          C          2
 552514935         2535214        3723 STICHMAN AVENUE
 BALDWIN PARK                            CA         91706           45,000
    44,910.60       13.75        175,000       151,209        1,891
 96/07/03       21/07/12          300       295       112.12
 Y       SFR          C          2
 552439742         2535215        2609 115TH AVENUE NE
 LAKE STEVENS                            WA         98258           20,800
    20,673.19       16.75        143,000       143,000        1,407
 96/08/26       21/09/01          300       297       114.55
 Y       SFR          C          2
 552444716         2535216        6040 FORT WAYNE CT
 NORTH LAS VEGAS                         NV         89031           23,950
    23,906.26       15.75        103,000       104,769        2,345
 96/08/01       16/09/01          240       237       124.97
 Y       SFR          C          2
 552473044         2535217        3621 MYERS STREET
 RIVERSIDE                               CA         92503           31,000
    30,937.09       15.00        121,000       117,535        1,448
 96/08/22       16/09/12          240       237       122.76
 Y       SFR          C          2
 552373729         2535218        4855 WEST 139TH STREET
 HAWTHORNE                               CA         90250           25,000
    24,833.16       14.25        175,000       138,596        1,959
 96/07/11       11/07/23          180       175        93.48
 Y       SFR          C          2
 552395521         2535219        10640 BROWNING STREET
 ELVERTA                                 CA         95626           30,000
    29,838.42       13.25        160,000       143,130        2,592
 96/08/01       11/08/22          180       176       108.21
 Y       SFR          C          2
 552435869         2535220        2101 SAFFRON WAY
 FALLBROOK                               CA         92028           75,000
    74,879.95       13.75        375,000       293,304        4,033
 96/09/12       16/10/01          240       238        98.21
 Y       SFR          C          2
 552357704         2535221        5008 ROGUE WATER COURT
 BAKERSFIELD                             CA         93313           20,000
    19,954.95       14.25        105,000       101,865        1,448
 96/08/08       16/09/05          240       237       116.06
 Y       SFR          C          2
 552359310         2535222        508 ISABEL DRIVE
 MARTINEZ                                CA         94553           32,100
    32,029.39       12.99        285,000       265,000        3,012
 96/10/15       21/10/22          300       298       104.25
 Y       SFR          C          2

 
 552370954         2535223        13631 YUKON AVENUE
 HAWTHORNE                               CA         90250           40,000
    39,656.54       14.99        150,000       136,532        3,734
 96/04/17       16/04/22          240       232       117.69
 Y       SFR          C          2
 552333377         2535224        1861 WHITNEY STREET
 STOCKTON                                CA         95210           25,000
    24,981.45       14.25        135,006       124,508        1,111
 96/10/08       16/10/23          240       238       110.74
 Y       SFR          C          2
 552334935         2535225        5437 TENDERFOOT DRIVE
 FONTANA                                 CA         92336           36,000
    35,921.14       13.25        188,000       147,806        2,132
 96/06/21       21/07/11          300       295        97.77
 Y       SFR          C          2
 552351719         2535226        413 ALMONDTREE CIRCLE
 OAKLEY                                  CA         94561           30,500
    30,500.00       14.00        107,000       101,000        1,315
 96/10/22       11/11/13          180       180       122.90
 Y       SFR          C          2
 552294566         2535227        4201 CANYONSIDE CIRCLE
 RIVERSIDE                               CA         92509           20,000
    19,951.68       13.75        110,297       107,674        1,870
 96/09/04       16/09/15          240       237       115.75
 Y       SFR          C          2
 552297154         2535228        8425 LURLINE AVENUE
 WINNETKA                                CA         91306           50,000
    49,964.35       14.25        165,000       152,414        2,148
 96/09/25       21/10/15          300       298       122.68
 Y       SFR          C          2
 552315530         2535229        6938 BRIDLE TRAIL WAY
 SACRAMENTO                              CA         95828           25,000
    25,000.00       13.25         96,000        78,000        1,041
 96/11/07       11/12/05          180       180       107.29
 Y       SFR          C          2
 552251044         2535230        961 GRAND AVENUE
 COLTON                                  CA         92324           28,870
    28,620.13       13.75        121,000       113,557        2,011
 96/07/15       11/07/25          180       175       117.71
 Y       SFR          C          2
 552253940         2535231        4721 HAYTER AVENUE
 LAKEWOOD                                CA         90712           28,000
    27,721.00       14.25        188,000       166,056        2,113
 96/07/30       11/08/07          180       176       103.22
 Y       SFR          C          2
 552258233         2535232        7315 276TH STREET EAST
 GRAHAM                                  WA         98338           63,000
    62,909.10       14.25        161,000       134,144        1,884
 96/07/18       21/08/01          300       296       122.45
 Y       SFR          C          2
 552175406         2535233        1421 HACKETT ROADD
 CERES                                   CA         95307           20,000
    19,941.72       14.00        135,000       103,000        1,189
 96/08/09       21/08/15          300       296        91.11
 Y       SFR          C          2
 552194517         2535234        855 W. 10TH STREET
 SAN BERNARDINO                          CA         92410           25,000
    24,924.65       14.99        130,000       100,618        1,442
 96/10/05       11/10/15          180       178        96.63
 Y       SFR          C          2
 552213438         2535235        835 SUMMER CIRCLE
 BRENTWOOD                               CA         94513           60,000
    59,855.10       13.75        155,000       133,000        2,571
 96/08/21       16/09/13          240       237       124.52
 Y       SFR          C          2
 552135768         2535236        5206 ROUNDUP WAY
 ANTIOCH                                 CA         94509           31,400
    31,254.83       14.99        153,000       144,604        1,914
 96/04/10       16/04/16          240       232       115.04
 Y       SFR          C          2

 
 552155958         2535237        4441 MARION AVENUE
 CYPRESS                                 CA         90630           39,000
    38,240.70       14.25        180,000       170,002        2,144
 96/06/19       06/07/12          120       115       116.11
 Y       SFR          C          2
 552170964         2535238        16307 WIKIUP ROAD
 RAMONA                                  CA         92065           15,000
    14,928.13       14.25        197,000       154,000        2,053
 96/11/26       11/12/26          180       180        85.79
 Y       SFR          C          2
 552111697         2535239        47732 AZALEA STREET
 INDIO                                   CA         92201           25,000
    24,863.63       13.25        122,000       120,746        1,641
 96/08/29       11/09/15          180       177       119.46
 Y       SFR          C          2
 552132631         2535240        1725 FAWN GLEN CIRCLE
 FAIRFIELD                               CA         94585           30,000
    29,955.20       14.25        165,075       168,098        2,129
 96/10/02       16/11/01          240       239       120.00
 Y       SFR          C          2
 552044488         2535241        2512 EAST VINE COURT
 VISALIA                                 CA         93292           27,000
    26,892.24       13.75        136,000       137,653          505
 96/08/09       16/08/15          240       236       121.07
 Y       SFR          C          2
 552064920         2535242        2400 NANCY LANE
 MODESTO                                 CA         95350           18,000
    17,791.57       13.25        100,000        66,028           97
 96/07/19       11/08/19          180       176        84.03
 Y       SFR          C          2
 552089760         2535243        3112 LONE PINE LANE
 HENDERSON                               NV         89014           45,000
    44,929.03       13.76        142,000       115,167        2,393
 96/07/30       21/08/15          300       296       112.79
 Y       SFR          C          2
 551965501         2535244        117 SOUTH BAYMAR STREE
 WEST COVINA                             CA         91791           22,000
    21,862.56       14.75        139,500       137,270        1,989
 96/07/11       11/08/01          180       176       114.17
 Y       SFR          C          2
 551987261         2535245        2123 DANIELS AVENUE
 WEST COVINA                             CA         91791           24,350
    21,508.40       12.49        215,000       168,000        2,008
 95/09/16       10/09/27          180       165        89.47
 Y       SFR          C          2
 551987530         2535246        2810 VIA CLAREZ
 CARLSBAD                                CA         92008           30,000
    29,811.77       13.75        155,000       119,781        1,597
 96/07/23       21/07/27          300       295        96.63
 Y       SFR          C          2
 551946312         2535247        6598 FLAGSTONE PLACE
 RANCHO CUCAMONGA                        CA         91739           75,000
    74,806.01       13.25        221,990       195,083        2,856
 96/09/03       16/09/01          240       237       121.66
 Y       SFR          C          2
 551947331         2535248        3367 TONIA AVENUE
 ALTADENA AREA L.A.                      CA         91001           26,000
    26,000.00       16.00        158,250       148,716        1,914
 96/11/16       16/12/20          240       240       110.41
 Y       SFR          C          2
 551962337         2535249        12546 HEATHERTON COURT
 SAN DIEGO                               CA         92128           35,000
    34,542.51       14.49        170,000       134,017        1,800
 96/10/08       16/10/12          240       238        99.42
 Y       COND         C          2
 551927407         2535250        4812 HARMONY LANE
 SANTA MARIA                             CA         93455           20,000
    19,863.66       13.75        135,000       124,202        1,576
 96/07/08       16/07/24          240       235       106.82
 Y       SFR          C          2

 
 551936664         2535251        1210 CRYSTAL LANE
 BURLINGTON                              WA         98233           44,300
    44,096.83       14.25        115,500        99,781        1,495
 96/08/19       16/09/05          240       237       124.84
 Y       SFR          C          2
 551945214         2535252        2055 ROOSEVELT AVENUE
 ALTADENA                                CA         91001           50,000
    49,950.52       15.49        240,000       227,699        3,584
 96/10/03       21/10/10          300       298       115.71
 Y       SFR          C          2
 551890788         2535253        931 NORTH ZIEGLER WAY
 PLACENTIA                               CA         92670           40,000
    39,848.35       13.75        301,954       271,411        3,544
 96/07/05       16/07/18          240       235       103.13
 Y       SFR          C          2
 551901152         2535254        567 HILLCREST DRIVE
 CAMARILLO                               CA         93012           35,000
    34,786.39       14.99        150,000       120,223        1,555
 96/08/15       11/08/20          180       176       103.48
 Y       SFR          C          2
 551903124         2535255        1726 DECARLI STREET
 STOCKTON                                CA         95206           19,250
    19,227.31       13.75        117,450       112,000        1,415
 96/08/20       21/09/15          300       297       111.75
 Y       SFR          C          2
 5518661151        2535256        3 ROCKWOOD
 IRVINE                                  CA         92714           55,000
    54,621.42       13.75        285,000       228,000        3,146
 96/07/13       11/08/14          180       176        99.30
 Y       SFR          C          2
 551867620         2535257        15769 DEL MONTE FARMS
 CASTROVILLE                             CA         95012           66,000
    65,917.48       13.75        203,089       179,000        2,340
 96/10/07       16/11/18          240       239       120.64
 Y       SFR          C          2
 5518836111        2535258        8609 45TH STREET
 RIVERSIDE                               CA         92509           30,000
    29,949.25       13.75        156,500        99,229        1,450
 96/10/11       11/10/15          180       178        82.57
 Y       SFR          C          2
 551844484         2535259        38944 NEWPORT ROAD
 PALMDALE                                CA         93551           30,000
    29,846.00       13.75        140,450       134,665        1,540
 96/08/01       11/09/16          180       177       117.24
 Y       SFR          C          2
 551846777         2535260        9913 LAWTON DRIVE
 SOUTH EL MONTE                          CA         91733           28,000
    27,856.26       13.75        130,000       124,000        1,293
 96/08/30       11/09/18          180       177       116.92
 Y       SFR          C          2
 551865281         2535261        1801 PIRATES COVE
 MODESTO                                 CA         95355           25,000
    24,957.71       13.75        138,500       129,859        2,490
 96/09/03       11/10/16          180       178       111.81
 Y       SFR          C          2
 551819553         2535262        1233 MONTE VERDE AVENU
 UPLAND                                  CA         91786           41,000
    40,957.88       14.50        131,500       121,650        1,939
 96/08/26       21/09/09          300       297       123.69
 Y       SFR          C          2
 551827553         2535263        904 F STREET
 REEDLEY                                 CA         93654           34,000
    33,772.86       14.99         80,000        53,641        1,601
 96/05/23       16/06/05          240       234       109.55
 Y       SFR          C          2
 551827659         2535264        5345 SPRING CREEK WAY
 ELK GROVE                               CA         95758           40,000
    39,743.27       14.99        200,000       170,000        2,759
 96/05/03       16/05/10          240       233       105.00
 Y       SFR          C          2

 
 551743279         2535265        2126 EAST GRAND AVENUE
 EVERETT                                 WA         98201           28,280
    28,153.50       14.50        129,900       130,000        1,617
 96/07/23       16/08/14          240       236       121.85
 Y       SFR          C          2
 551759882         2535266        19412 68TH STREET EAST
 SUMNER                                  WA         98390           23,050
    22,963.36       13.99         99,950       101,000        2,140
 96/06/28       16/07/05          240       235       124.11
 Y       SFR          C          2
 551726170         2535267        416 WEST SAMPLE
 CLOVIS                                  CA         93612           50,000
    49,985.96       15.50        180,000       145,676        2,801
 96/10/08       21/11/01          300       299       108.71
 Y       SFR          C          2
 551740352         2535268        16101 95TH AVENUE S.E.
 SNOHOMISH                               WA         98296           30,000
    29,777.99       15.75        164,000       131,116        2,075
 96/07/17       21/08/20          300       296        98.24
 Y       SFR          C          2
 551742119         2535269        29 CORTE LATEUZA
 LAKE ELSINORE                           CA         92532           36,000
    35,948.05       14.25        183,000       164,650        2,103
 96/07/27       21/08/06          300       296       109.64
 Y       SFR          C          2
 551698542         2535270        4018 WEST 5TH STREET #
 SANTA ANA                               CA         92703           35,000
    34,939.99       13.25        140,000       120,000        1,629
 96/10/28       16/11/20          240       239       110.71
 Y       COND         C          2
 551701054         2535271        111 HORSESHOE CIRCLE
 WEST COVINA                             CA         91791           75,000
    74,911.62       13.75        375,000       283,673        4,712
 96/08/02       21/09/13          300       297        95.65
 Y       SFR          C          2
 551724258         2535272        248 EAST LOS FELIS AVE
 STOCKTON                                CA         95210           50,000
    50,000.00       13.75        115,000        82,046        1,369
 96/11/04       16/12/18          240       240       114.82
 Y       SFR          C          2
 551667159         2535273        8105 MESA OAK WAY
 CITRUS HEIGHTS                          CA         95610           33,500
    32,595.98       14.99        138,000       124,000        2,054
 96/05/29       16/06/12          240       234       114.13
 Y       SFR          C          2
 551669240         2535274        135 FAIRGROUNDS DRIVE
 SACRAMENTO                              CA         95817           16,000
    15,946.79       13.99         71,000        51,143          878
 96/10/02       11/10/08          180       178        94.57
 Y       SFR          C          2
 551697336         2535275        5125 SILVER CROSSING D
 BAKERSFIELD                             CA         93313           25,000
    24,805.87       14.00        110,000       108,855        1,836
 96/09/26       06/10/28          120       118       121.69
 Y       SFR          C          2
 551615558         2535276        1313 GLEN ELLEN LANE
 LOMPOC                                  CA         93436           38,500
    38,451.62       15.00        159,000       154,256        1,697
 96/07/03       21/08/01          300       296       121.23
 Y       SFR          C          2
 551629198         2535277        1251 TIFFANY CIRCLE SO
 PALM SPRINGS                            CA         92262           57,500
    57,304.35       13.75        110,000        79,731        2,056
 96/09/20       11/10/16          180       178       124.76
 Y       COND         C          2
 551642483         2535278        813 EAST HELMICK STREE
 CARSON                                  CA         90746           38,750
    38,730.07       15.75        185,000       175,000        1,936
 96/09/03       21/09/13          300       297       115.54
 Y       SFR          C          2

 
 551604853         2535279        4522 FOX VALLEY CIRCLE
 NORTH HIGHLANDS                         CA         95660           40,000
    39,490.86       14.99        112,000        95,716        1,448
 96/05/28       16/06/06          240       234       121.18
 Y       SFR          C          2
 551614907         2535280        1066 THOMPSON AVENUE U
 GLENDALE                                CA         91201           35,000
    34,901.31       14.75        120,000       114,000        2,202
 96/08/09       16/08/15          240       236       124.17
 Y       COND         C          2
 551536585         2535281        16404 OREGON AVENUE
 BELLFLOWER                              CA         90706           50,000
    49,973.01       15.75        159,000       145,269        1,990
 96/08/22       21/09/01          300       297       122.81
 Y       SFR          C          2
 551536893         2535282        55 CLERMONT
 NEWPORT BEACH                           CA         92657           75,000
    74,879.97       13.75        400,000       317,023        3,964
 96/10/02       16/10/15          240       238        98.01
 Y       SFR          C          2
 551578976         2535283        837 SAPPHIRE CIRCLE
 VACAVILLE                               CA         95687           45,000
    44,923.51       16.25        182,000       182,000        1,342
 96/07/23       16/08/23          240       236       124.73
 Y       SFR          C          2
 551512845         2535284        633 MANGROVE AVENUE
 COVINA                                  CA         91724           40,000
    40,000.00       13.25        180,000       158,893        2,169
 96/11/21       16/12/15          240       240       110.50
 Y       SFR          C          2
 551516351         2535285        3023 BATTLEVIEW PLACE
 STOCKTON                                CA         95209           25,000
    24,474.84       14.99        125,000       120,690        2,232
 96/05/10       16/05/28          240       233       116.55
 Y       SFR          C          2
 551520209         2535286        26 PARAMOUNT CIRCLE
 SACRAMENTO                              CA         95823           48,760
    47,086.55       14.99        118,000        98,740          348
 96/08/29       01/09/04           60        57       125.00
 Y       SFR          C          2
 551497074         2535287        468 EULITA AVENUE
 LA PUENTE                               CA         91744           57,000
    56,932.83       13.75        160,000       142,841        2,068
 96/08/24       21/09/19          300       297       124.90
 Y       SFR          C          2
 551498858         2535288        15558 ATHOL STREET
 FONTANA                                 CA         92335           44,000
    43,774.16       13.75        145,000       125,628        1,738
 96/08/06       11/09/18          180       177       116.98
 Y       SFR          C          2
 551503695         2535289        605 BREWER DRIVE
 FORT COLLINS                            CO         80524           24,500
    24,485.81       16.00        141,000       139,877        1,951
 96/10/24       16/11/15          240       239       116.58
 Y       SFR          C          2
 551491889         2535291        11 DEL ROMA
 IRVINE                                  CA         92714           40,000
    39,972.32       14.75        246,000       216,398        2,905
 96/10/22       16/11/20          240       239       104.23
 Y       SFR          C          2
 551496950         2535292        901 NORTH GOLDEN SPRIN
 DIAMOND BAR                             CA         91765           25,000
    24,928.57       13.75        110,000        84,184        1,205
 96/08/07       16/09/04          240       237        99.26
 Y       COND         C          2
 551452032         2535293        1454 HEIDELBERG DRIVE
 LIVERMORE                               CA         94550           60,000
    59,903.35       14.25        200,000       178,851        2,548
 96/10/15       11/11/01          180       179       119.43
 Y       SFR          C          2

 
 551466809         2535294        2965 NORTH APPLE AVENU
 RIALTO                                  CA         92377           65,000
    64,949.21       13.75        111,000        47,119        1,649
 96/09/26       21/10/15          300       298       101.01
 Y       SFR          C          2
 551437818         2535296        4220 SINGING TREE WAY
 ANTELOPE                                CA         95843           44,000
    44,000.00       13.25        149,000       141,000        2,697
 96/11/14       11/12/10          180       180       124.16
 Y       SFR          C          2
 551447072         2535297        2252 WOODHILL DRIVE
 PITTSBURG                               CA         94565           33,000
    32,642.26       14.25        180,000       160,536        2,629
 96/07/02       11/08/20          180       176       107.52
 Y       SFR          C          2
 551372727         2535298        5126 BROOKSIDE COURT
 CONCORD                                 CA         94521           51,000
    51,000.00       14.25        193,000       169,771        2,766
 96/11/21       16/12/20          240       240       114.39
 Y       SFR          C          2
 551434487         2535299        2463 B MOON DUST DRIVE
 CHINO HILLS                             CA         91709           24,500
    24,330.07       15.75        159,000       134,350        2,126
 96/07/01       16/07/10          240       235        99.91
 Y       SFR          C          2
 551312806         2535300        2633 TAHOE DRIVE
 ONTARIO                                 CA         91761           25,000
    24,895.21       13.75        129,500       127,800        1,148
 96/08/26       11/09/12          180       177       117.99
 Y       SFR          C          2
 551353822         2535301        7732 N. DEARING
 FRESNO                                  CA         93720           50,000
    49,962.62       13.99        124,500       103,047        2,310
 96/10/10       21/10/15          300       298       122.93
 Y       SFR          C          2
 551356392         2535302        402 E. PACIFIC AVENUE
 FAIRFIELD                               CA         94533           33,000
    32,819.90       14.49        115,000       100,801        1,380
 96/06/12       16/06/18          240       234       116.35
 Y       SFR          C          2
 551293805         2535303        14598 PONY TRAIL
 VICTORVILLE                             CA         92392           47,450
    47,348.19       14.99        127,776       112,247        1,835
 96/07/31       16/08/09          240       236       124.98
 Y       SFR          C          2
 551310445         2535304        5205 ADMIRALTY LANE
 FOSTER CITY                             CA         94404           56,000
    55,958.20       14.00        160,000       110,889        1,914
 96/09/21       21/11/01          300       299       104.31
 Y       COND         C          2
 551311439         2535305        1837 E. TRENTON
 FRESNO                                  CA         93720           37,000
    36,757.46       14.99        132,500       115,054          705
 96/04/25       16/05/16          240       233       114.76
 Y       SFR          C          2
 551257329         2535306        1089 LIVERPOOL LANE
 SAN JACINTO                             CA         92583           29,600
    29,497.33       13.25        104,000        93,500        1,228
 96/07/22       16/08/01          240       236       118.37
 Y       SFR          C          2
 551272600         2535307        5116 DOE AVENUE
 LAS VEGAS                               NV         89102           24,000
    23,781.58       14.25         90,000        85,693        1,299
 96/06/12       11/06/28          180       174       121.88
 Y       SFR          C          2
 551290852         2535308        145 GUNNISON AVENUE
 SACRAMENTO                              CA         95838           23,100
    22,866.13       14.99         77,000        73,032          998
 96/06/18       16/06/28          240       234       124.85
 Y       SFR          C          2

 
 551175977         2535309        921 PALOMAR WAY
 OXNARD                                  CA         93033           55,000
    54,743.86       14.75        155,000       131,898        1,929
 96/08/23       11/09/19          180       177       120.58
 Y       SFR          C          2
 551232136         2535310        4636 BELLA VISTA DRIVE
 MOORPARK                                CA         93021           66,000
    65,976.62       14.25        243,500       221,000        2,328
 96/09/26       21/10/15          300       298       117.86
 Y       SFR          C          2
 565410776         2535311        1248 ALDER AVENUE
 TEHACHAPI                               CA         93561           12,000
    11,867.52       15.00         85,000        72,400        1,344
 96/10/02       06/10/24          120       118        99.29
 Y       SFR          C          2
 565356132         2535312        8812 KELBURN AVENUE
 SPRING VALLEY                           CA         91977           22,000
    21,974.07       13.75        140,000       128,926        1,362
 96/08/27       21/09/15          300       297       107.80
 Y       SFR          C          2
 565359943         2535313        223 CINNABAR WAY
 HERCULES                                CA         94547           75,000
    75,000.00       14.25        220,250       178,000        4,780
 96/12/04       22/01/10          300       300       114.87
 Y       SFR          C          2
 565371076         2535314        1731 FAIRMONT DRIVE
 CORONA                                  CA         91720           25,000
    25,000.00       13.25        180,000       145,744        1,981
 96/11/20       11/12/27          180       180        94.86
 Y       SFR          C          2
 565316255         2535315        10971 SANTA CLARA COUR
 ALTA LOMA                               CA         91701           40,000
    39,968.75       13.75        180,000       167,037        3,143
 96/09/24       21/10/10          300       298       115.02
 Y       SFR          C          2
 565339216         2535316        2953 OLD BRIDGEPORT WA
 SAN DIEGO                               CA         92111           22,000
    21,647.90       13.25        160,000       150,062        2,039
 96/06/19       11/06/26          180       174       107.54
 Y       SFR          C          2
 565353946         2535317        12247 HORLEY AVENUE
 DOWNEY                                  CA         90242           40,000
    39,896.59       15.25        175,000       159,645        2,296
 96/07/13       21/09/13          300       297       114.08
 Y       SFR          C          2
 565295615         2535318        4774 BROOKWOOD COURT
 CARLSBAD                                CA         92008           50,000
    49,917.19       14.75        265,000       230,895        2,441
 96/06/18       21/07/05          300       295       106.00
 Y       SFR          C          2
 565299544         2535319        1521 JOLIET PLACE
 OXNARD                                  CA         93030           48,000
    47,899.60       14.99        165,000       156,161        1,819
 96/10/17       21/11/01          300       299       123.73
 Y       SFR          C          2
 565231396         2535320        1048 WEST KENSINGTON R
 LOS ANGELES                             CA         90026           59,000
    58,901.52       13.75        300,000       304,410        3,225
 96/09/02       16/10/15          240       238       121.14
 Y       SFR          C          2
 565232816         2535321        10699 WEST LARCH ROAD
 TRACY                                   CA         95376           20,000
    19,988.14       15.25        150,000       146,895        1,623
 96/09/05       21/10/01          300       298       111.26
 Y       SFR          C          2
 565238300         2535322        5081 GEORGIA STREET
 VALLEJO                                 CA         94591           75,000
    74,974.58       14.49        225,000       206,000        3,641
 96/10/26       21/11/01          300       299       124.89
 Y       SFR          C          2

 
 565153028         2535323        4404 KNOLLWOOD STREET
 BAKERSFIELD                             CA         93309           16,500
    16,360.68       14.75         92,000        87,208        1,154
 96/07/17       11/07/26          180       175       112.73
 Y       SFR          C          2
 5651542581        2535324        66 CHAPPARRAL STREET
 OAK VIEW                                CA         93022           55,000
    54,950.69       12.99        175,000       146,797        3,473
 96/10/10       21/10/18          300       298       115.31
 Y       SFR          C          2
 565136305         2535325        1307 RICE LANE
 ROSEVILLE                               CA         95678           40,000
    39,890.37       14.99        124,000       114,706        1,854
 96/06/02       16/07/01          240       235       124.76
 Y       SFR          C          2
 565150656         2535326        2111 GOLDEN HILLS ROAD
 LA VERNE                                CA         91750           75,000
    74,977.93       15.25        350,000       278,771        4,492
 96/10/30       21/11/15          300       299       101.08
 Y       SFR          C          2
 565080565         2535327        1926 CORSAGE COURT
 LAS VEGAS                               NV         89122           25,000
    23,201.73       14.99        117,000       115,832        1,133
 96/04/16       16/04/24          240       232       120.37
 Y       SFR          C          2
 565087029         2535328        2538 E. JACINTO AVENUE
 MESA                                    AZ         85204           15,000
    14,639.95       14.99         72,300        65,563          893
 96/05/24       06/06/01          120       114       111.43
 Y       SFR          C          2
 565088362         2535329        7041 BERKSHIRE AVENUE
 ALTA LOMA                               CA         91701           21,000
    20,914.68       14.99        165,900       129,928        2,242
 96/06/13       16/06/13          240       234        90.98
 Y       SFR          C          2
 565045513         2535330        121 NORTH HIDDEN CANYO
 ORANGE                                  CA         92669           59,000
    58,930.45       13.75        344,500       308,723        3,383
 96/08/16       21/09/18          300       297       106.74
 Y       SFR          C          2
 565065138         2535331        1130 PARK PLACE
 RIMFOREST                               CA         92378           20,000
    19,827.82       15.75        150,000       126,722          444
 96/06/24       11/07/03          180       175        97.81
 Y       SFR          C          2
 565069703         2535332        22507 HIGH VISTA PLACE
 APPLE VALLEY                            CA         92307           36,400
    36,226.47       14.99        130,000       119,152        1,652
 96/07/19       16/07/25          240       235       119.66
 Y       SFR          C          2
 565028848         2535333        12304 COVELLO STREET
 NORTH HOLLYWOOD                         CA         91605           50,000
    49,957.36       13.25        180,000       165,187        3,026
 96/09/09       16/10/25          240       238       119.55
 Y       SFR          C          2
 5650293552        2535334        1220 DENSMORE STREET
 POMONA                                  CA         91767           42,000
    41,932.34       14.25        135,000       122,263        1,880
 96/11/12       11/11/15          180       179       121.68
 Y       SFR          C          2
 564968172         2535335        6425 ALEATICO PLACE
 RANCHO CUCAMONGA                        CA         91737           35,000
    34,811.48       13.25        142,000       135,031        1,713
 96/09/09       11/09/15          180       177       119.74
 Y       SFR          C          2
 564985485         2535336        2881 BEACON HILL DRIVE
 WEST LINN                               OR         97068           75,000
    74,785.92       13.75        500,000       400,000        4,954
 96/08/26       21/09/01          300       297        95.00
 Y       SFR          C          2

 
 565021813         2535337        971 CARSON COURT
 SAN DIMAS                               CA         91773           44,350
    44,148.27       14.99        175,000       173,898        3,990
 96/08/29       11/09/10          180       177       124.71
 Y       MHN          C          2
 564902347         2535338        24624 OVERLAND DRIVE
 WEST HILLS                              CA         91304           35,000
    34,844.88       14.50        375,000       312,793        2,940
 96/05/30       16/06/06          240       234        92.74
 Y       SFR          C          2
 564922444         2535339        40698 LOCATA COURT
 MURRIETA                                CA         92562           40,000
    39,861.27       13.25        240,000       183,417        2,458
 96/07/22       16/08/21          240       236        93.09
 Y       SFR          C          2
 564945779         2535340        5826 W. TENAYA
 FRESNO                                  CA         93722           31,000
    30,960.96       14.99        105,000        99,840        1,651
 96/08/02       21/08/07          300       296       124.61
 Y       SFR          C          2
 564885834         2535341        2558 SOUTH CONCORD PLA
 ONTARIO                                 CA         91761           50,000
    49,964.35       14.25        140,000       122,893        1,752
 96/09/03       21/10/01          300       298       123.50
 Y       SFR          C          2
 564886391         2535342        7495 TOOMA #A
 SAN DIEGO                               CA         92139           25,000
    24,924.66       14.99        100,000        84,632        1,757
 96/09/25       11/10/09          180       178       109.63
 Y       COND         C          2
 564902187         2535343        8744 LEONA AVENUE
 LEONA VALLEY AREA                       CA         93551           50,000
    49,978.72       13.25        205,000       187,000        6,498
 96/10/17       21/11/01          300       299       115.61
 Y       SFR          C          2
 564827365         2535344        7387 STONEHAVEN PLACE
 RANCHO CUCAMONGA                        CA         91730           17,050
    16,991.97       13.75        130,000       128,637        1,484
 96/10/10       11/10/18          180       178       112.07
 Y       SFR          C          2
 564841548         2535345        853 WEST ASTER STREET
 UPLAND                                  CA         91786           25,000
    24,914.93       13.75        200,000       173,587        3,278
 96/10/01       11/10/15          180       178        99.29
 Y       SFR          C          2
 564844418         2535346        6660 TAMARISK DRIVE
 LA VERNE                                CA         91750           50,000
    49,767.16       14.75        268,772       250,423        4,730
 96/07/24       11/09/01          180       177       111.78
 Y       SFR          C          2
 564811337         2535347        3022 HOWE AVENUE
 STOCKTON                                CA         95206           24,000
    23,848.95       15.99         72,000        65,612        1,237
 96/01/18       16/01/28          240       229       124.46
 Y       SFR          C          2
 564815881         2535348        805 SUFFOLK PLACE
 WINTERS                                 CA         95694           70,000
    69,971.54       13.50        145,000       109,000        1,713
 96/10/16       21/11/19          300       299       123.45
 Y       SFR          C          2
 5648219931        2535349        1920 HEATHER COURT
 TRACY                                   CA         95376           31,850
    31,798.70       14.25        181,138       177,000        2,752
 96/10/09       11/11/21          180       179       115.30
 Y       SFR          C          2
 564766713         2535350        245 LUCKY STAR STREET
 LAS VEGAS                               NV         89128           24,700
    24,670.82       15.50         99,900        98,881        1,694
 96/09/18       21/10/01          300       298       123.70
 Y       SFR          C          2

 
 564767215         2535351        14885 DARK STAR COURT
 MORGAN HILL                             CA         95037           75,000
    74,980.80       15.99        246,500       213,091        3,899
 96/10/25       21/11/01          300       299       116.87
 Y       SFR          C          2
 564802464         2535352        633 S. FOXHAVEN PLACE
 DIAMOND BAR                             CA         91765           27,000
    26,512.70       16.99        192,000       179,599        2,049
 96/09/04       16/10/01          240       238       107.60
 Y       SFR          C          2
 564701902         2535353        4656 WINDING RIVER CIR
 STOCKTON                                CA         95207           70,000
    69,795.66       14.50        183,000       156,336        2,961
 96/06/28       16/08/01          240       236       123.68
 Y       SFR          C          2
 564734360         2535354        44667 CLOVER LANE
 TEMECULA                                CA         92592           29,000
    29,000.00       15.25         98,000        93,151        1,581
 96/09/20       21/11/08          300       300       124.64
 Y       SFR          C          2
 564762339         2535355        725 CLOVER DRIVE
 UPPER LAKE                              CA         95485           40,000
    39,935.57       14.25        136,750        86,652        1,309
 96/10/26       11/11/14          180       179        92.62
 Y       SFR          C          2
 564663359         2535356        3060 CEDAR AVENUE
 LONG BEACH                              CA         90806           15,000
    14,880.80       14.49        128,000       103,423        1,621
 96/05/15       16/05/28          240       233        92.52
 Y       SFR          C          2
 564668736         2535357        6610 HOLT DRIVE
 COLORADO SPRINGS                        CO         80922           38,000
    37,855.51       14.25        146,651       120,063        1,698
 96/10/24       06/11/07          120       119       107.78
 Y       SFR          C          2
 564700774         2535358        9809 KOALA COURT
 STOCKTON                                CA         95209           40,000
    39,890.12       14.99        159,000       139,057        1,827
 96/06/18       16/07/15          240       235       112.61
 Y       SFR          C          2
 564646405         2535359        9479 KILCOLGAN WAY
 ELK GROVE                               CA         92758           40,000
    39,857.15       13.25        150,000       142,000        1,871
 96/09/12       11/09/27          180       177       121.33
 Y       SFR          C          2
 564647945         2535360        682 PLATTE RIVER COURT
 SAN JOSE                                CA         95111           75,000
    74,744.82       13.75        180,000       125,876        3,382
 96/10/04       11/10/18          180       178       111.60
 Y       SFR          C          2
 564658566         2535361        9735 CARRARI STREET
 RANCHO CUCAMONGA                        CA         91701           50,000
    49,306.32       13.49        210,000       188,833        2,763
 96/06/03       16/06/14          240       234       113.73
 Y       SFR          C          2
 564625896         2535362        306 RUSSI COURT
 FOLSOM                                  CA         95630           37,200
    36,812.35       11.49        265,000       198,089        2,392
 96/06/25       11/07/09          180       175        88.79
 Y       SFR          C          2
 564629706         2535363        789 DART WAY
 GREENFIELD                              CA         93927           16,000
    15,880.80       14.99        139,250       141,062        1,378
 96/05/18       11/06/17          180       174       112.79
 Y       SFR          C          2
 564640173         2535364        3816 RICHMOND STREET
 SAN DIEGO                               CA         92103           30,000
    29,902.87       13.75        156,000       152,850        1,597
 96/08/16       16/08/21          240       236       117.21
 Y       SFR          C          2

 
 564588837         2535365        320 17TH STREET
 HUNTINGTON BEACH                        CA         92648           75,000
    74,940.33       13.75        525,000       323,229        4,851
 96/11/04       16/11/25          240       239        75.85
 Y       SFR          C          2
 564591281         2535366        3406 CLEARFIELD AVENUE
 RICHMOND                                CA         94803           30,000
    29,812.77       14.49        190,000       178,277        2,404
 96/04/24       16/05/02          240       233       109.62
 Y       SFR          C          2
 564601207         2535367        140 EAST EL NORTE PARK
 ESCONDIDO                               CA         92026           29,950
    29,938.37       13.75        108,000        79,867        1,205
 96/10/23       21/11/01          300       299       101.68
 Y       COND         C          2
 564574804         2535368        1140 PORTOFINO COURT
 CORONA                                  CA         91719           15,000
    14,909.52       13.99        154,300       113,155        1,760
 96/07/18       11/08/24          180       176        83.06
 Y       SFR          C          2
 564575071         2535369        280 ARCHER PLACE
 DIXON                                   CA         95620           26,000
    25,834.25       14.99        141,000       137,984        1,917
 96/05/29       16/06/04          240       234       116.30
 Y       SFR          C          2
 564584294         2535370        108 TIERRA PLANO
 RANCHO SANTA MARGARITA                  CA         92688           30,000
    29,927.54       13.75        190,000       159,000        2,872
 96/08/30       16/09/11          240       237        99.47
 Y       COND         C          2
 564518990         2535371        6708 CHANDLER DRIVE
 SACRAMENTO                              CA         95828           30,000
    29,979.58       14.50        110,000       102,000        1,272
 96/10/04       21/10/15          300       298       120.00
 Y       SFR          C          2
 5645252041        2535372        3221 EAST 6TH STREET
 LONG BEACH                              CA         90814           26,000
    25,947.26       13.75        136,000       133,720        1,518
 96/07/10       21/07/15          300       295       117.44
 Y       SFR          C          2
 564531224         2535373        7550 CRAVELL AVENUE
 PICO RIVERA                             CA         90660           44,000
    43,900.85       14.25        151,250       142,709        2,193
 96/08/14       16/09/01          240       237       123.44
 Y       SFR          C          2
 564490644         2535374        919 WEST OAK AVENUE
 LOMPOC                                  CA         93436           28,000
    27,884.18       15.00        132,600       132,331        1,865
 96/06/13       16/07/01          240       235       120.91
 Y       SFR          C          2
 564491737         2535375        19865 SOUTH CASTLEBERR
 OREGON CITY                             OR         97045           50,000
    49,940.02       15.25        168,900       161,022        3,568
 96/08/21       21/09/01          300       297       124.94
 Y       SFR          C          2
 564493453         2535376        7785 SYCAMORE AVENUE
 RIVERSIDE                               CA         92504           13,275
    13,275.00       13.25         88,000        83,069        1,125
 96/11/26       16/12/16          240       240       109.48
 Y       SFR          C          2
 564435848         2535377        366 HIGHLAND DRIVE
 LOS OSOS                                CA         93402           25,000
    24,819.49       13.25        170,000       152,657        1,526
 96/07/30       11/08/06          180       176       104.50
 Y       SFR          C          2
 564449475         2535378        1658 DIMAS COURT
 AZUSA                                   CA         91702           35,000
    34,832.96       14.50        127,000       101,600        1,999
 96/08/05       11/08/27          180       176       107.56
 Y       SFR          C          2

 
 564459990         2535379        5648 MINERS CIRCLE
 ROCKLIN                                 CA         95765           27,500
    27,350.78       14.99        132,000       128,000        2,352
 96/05/13       16/05/22          240       233       117.80
 Y       SFR          C          2
 564376161         2535380        450 NEWPORT PLACE
 SANTA ROSA                              CA         95403           75,000
    75,000.00       13.75        255,000       226,905        3,588
 96/10/21       16/12/10          240       240       118.39
 Y       SFR          C          2
 564398963         2535381        1437 SPRING VALLEY DRI
 ROSEVILLE                               CA         95661           16,100
    15,916.78       14.49        232,000       167,200        1,813
 96/09/06       06/09/13          120       117        79.01
 Y       SFR          C          2
 564431079         2535382        5167 1/2 VILLAGE GREEN
 LOS ANGELES                             CA         90016           30,000
    30,000.00       14.25        142,000        98,624        1,825
 96/09/25       11/11/12          180       180        90.58
 Y       COND         C          2
 564350155         2535383        22756 SWEET MEADOW
 MISSION VIEJO                           CA         92692           57,500
    57,444.58       12.99        368,000       331,000        3,314
 96/09/19       21/10/04          300       298       105.57
 Y       SFR          C          2
 564351931         2535384        3397 NORTH SELLAND AVE
 FRESNO                                  CA         93722           45,000
    44,871.07       15.50        110,000        86,869        1,478
 96/10/09       11/10/28          180       178       119.88
 Y       SFR          C          2
 564374507         2535385        500 DERBY ROAD
 SAN DIMAS                               CA         91773           25,000
    24,877.54       13.25        116,358        99,700        2,054
 96/07/08       21/07/22          300       295       107.17
 Y       SFR          C          2
 564319081         2535386        1462 GREENWICH DRIVE
 RIVERSIDE                               CA         92501           40,000
    39,916.33       13.99        140,000       131,635        1,735
 96/10/23       11/11/04          180       179       122.60
 Y       SFR          C          2
 564333595         2535387        5611 BENCH COURT
 ORANGVALE                               CA         95662           23,000
    22,905.03       14.99        152,500       136,788        1,657
 96/06/18       16/06/18          240       234       104.78
 Y       SFR          C          2
 564338939         2535388        6023 C STREET
 CHINO                                   CA         91710           47,000
    46,791.61       15.25        150,000       134,295        3,163
 96/08/23       11/09/24          180       177       120.86
 Y       SFR          C          2
 564316089         2535389        18257 JACKSON AVENUE
 LEMOORE                                 CA         93245           45,000
    44,923.63       13.75        105,000        83,977        1,684
 96/10/10       11/11/08          180       179       122.84
 Y       SFR          C          2
 564316872         2535390        3411 EAST COUNTRY CLUB
 SACRAMENTO                              CA         95821           43,500
    43,500.00       14.25        165,000       147,000        3,476
 96/11/04       06/12/20          120       120       115.45
 Y       SFR          C          2
 564293857         2535391        14055 JERILYN DRIVE
 SAN JOSE                                CA         95127           30,000
    29,889.81       14.99        145,000       136,524        1,623
 96/08/28       21/09/03          300       297       114.84
 Y       SFR          C          2
 564313025         2535392        2654 BROADRICK WAY
 SAN DIEGO                               CA         92139           50,000
    49,950.83       12.50        148,750       135,049        2,509
 96/09/24       16/11/08          240       239       124.40
 Y       SFR          C          2

 
 564315972         2535393        3057 MURRAY LANE
 COSTA MESA                              CA         92626           40,000
    39,928.97       13.25        215,000       186,765        2,730
 96/10/25       11/11/08          180       179       105.47
 Y       SFR          C          2
 564232535         2535394        10 PATHELEN AVENUE
 OAK VIEW                                CA         93022           28,000
    27,897.62       14.50        175,000       164,138        1,775
 96/07/08       16/07/16          240       235       109.79
 Y       SFR          C          2
 564237784         2535395        6305 BALDRIDGE CANYON
 HIGHLAND                                CA         92346           45,000
    44,923.88       13.75        120,000       101,230        1,763
 96/10/30       11/11/20          180       179       121.86
 Y       SFR          C          2
 564255051         2535396        275 SHASTA STREET
 CHULA VISTA                             CA         91910           23,500
    23,490.00       13.25        131,000       125,972        1,445
 96/11/15       21/11/15          300       299       114.10
 Y       SFR          C          2
 564172240         2535397        235 VICTORIA ROAD
 BURLINGAME                              CA         94010           75,000
    74,768.58       14.75        290,566       248,477        4,599
 96/09/18       11/10/01          180       178       111.33
 Y       SFR          C          2
 564218263         2535398        20 AUBURN COURT
 REDLANDS                                CA         92374           32,140
    32,114.42       13.75        125,000       118,414        1,903
 96/10/21       16/11/08          240       239       120.44
 Y       SFR          C          2
 564232196         2535399        616 SOUTHEAST 69TH COU
 HILLSBORO                               OR         97123           35,000
    34,989.19       14.99        132,370       102,297        1,407
 96/10/16       21/10/22          300       298       103.72
 Y       SFR          C          2
 564115501         2535400        1212 VISTA WAY
 OCEANSIDE                               CA         92054           25,000
    24,902.04       13.75        155,000       131,180        1,487
 96/10/25       06/11/14          120       119       100.76
 Y       SFR          C          2
 564154368         2535401        5173 SAN ANSELMO STREE
 LAS VEGAS                               NV         89120           30,000
    29,826.17       15.49         84,000        73,231          398
 96/07/01       16/07/10          240       235       122.89
 Y       SFR          C          2
 564171215         2535402        2234 WALL STREET
 STOCKTON                                CA         95206           31,000
    30,693.45       14.99        119,950       118,300        2,275
 96/05/18       11/06/01          180       174       124.47
 Y       SFR          C          2
 564084186         2535403        380 ESSEX DRIVE
 BRENTWOOD                               CA         94513           35,000
    34,821.15       14.25        168,000       149,000        1,922
 96/08/17       16/08/26          240       236       109.52
 Y       SFR          C          2
 564087407         2535404        37394 EZRA DRIVE
 NEWARK                                  CA         94560           66,500
    66,403.96       14.49        205,000       185,635        2,696
 96/09/04       16/09/26          240       237       122.99
 Y       SFR          C          2
 564112757         2535405        4351 LUGO AVENUE
 CHINO                                   CA         91709           57,500
    57,474.90       13.25        168,000       141,800        2,116
 96/10/10       21/10/23          300       298       118.63
 Y       SFR          C          2
 564044860         2535406        43 HATTON AVENUE
 SPRECKELS                               CA         93962           66,500
    66,333.82       13.50        211,000       192,936        3,458
 96/08/28       16/09/23          240       237       122.96
 Y       SFR          C          2

 
 564064987         2535407        7633 NORTH COLONY WAY
 CITRUS HEIGHTS                          CA         95610           50,000
    49,928.77       15.49        135,000        96,593        2,419
 96/10/10       11/10/17          180       178       108.59
 Y       SFR          C          2
 564080409         2535408        11528 COUNTRY CREEK CO
 MOORPARK                                CA         93021           30,000
    27,328.72       14.50        192,875       171,004        3,834
 96/07/03       16/07/15          240       235       104.21
 Y       COND         C          2
 564029327         2535409        13515 ESSENCE ROAD
 SAN DIEGO                               CA         92128           40,000
    39,730.36       14.99        245,944       215,698        3,732
 96/05/07       16/05/14          240       233       103.97
 Y       SFR          C          2
 564043809         2535410        3934 COMMUNITY AVENUE
 GLENDALE                                CA         91214           75,000
    75,000.00       13.25        235,000       187,890        2,700
 96/11/22       21/12/20          300       300       111.87
 Y       SFR          C          2
 564044026         2535411        22314 CLAIBOURNE LANE
 SANTA CLARITA                           CA         91550           50,000
    49,789.03       15.75        210,000       184,076        2,795
 96/09/09       11/09/12          180       177       111.46
 Y       SFR          C          2
 563980464         2535412        27720 GOETZ ROAD
 QUAIL VALLEY                            CA         92587           36,000
    35,921.66       14.50        113,000       100,677        1,920
 96/09/11       16/09/15          240       237       120.95
 Y       SFR          C          2
 563985084         2535413        132 MONTCLAIR DRIVE
 HENDERSON                               NV         89014           30,000
    29,793.49       13.75        210,000       184,690        2,719
 96/07/24       11/08/09          180       176       102.23
 Y       SFR          C          2
 563985282         2535414        2995 BAYBERRY COURT
 LA VERNE                                CA         91750           32,000
    31,896.38       13.75        175,000       157,407        2,378
 96/07/24       16/08/09          240       236       108.23
 Y       SFR          C          2
 563927532         2535415        639 S. AGATE STREET
 ANAHEIM                                 CA         92804           53,000
    52,688.40       14.25        162,000       141,729        1,899
 96/06/10       21/07/03          300       295       120.20
 Y       SFR          C          2
 563927838         2535416        9845 MANDALAY COURT
 RIVERSIDE                               CA         92503           17,500
    17,398.41       15.50         90,000        72,299        1,052
 96/07/24       11/08/02          180       176        99.78
 Y       SFR          C          2
 563968406         2535417        17 SEPULVEDA
 RANCHO SANTA MARGARITA                  CA         92688           45,000
    44,941.93       13.25        300,000       222,172        3,798
 96/08/19       21/09/26          300       297        89.06
 Y       SFR          C          2
 563902215         2535418        6 PALATINE
 ALISO VIEJO                             CA         92656           41,000
    41,000.00       14.25        202,743       191,638        3,362
 96/10/23       16/11/27          240       240       114.75
 Y       COND         C          2
 563905418         2535419        6119 DRY CREED ROAD
 RIO LINDA                               CA         95673           50,000
    49,945.34       15.75         95,000        62,920        1,137
 96/07/19       21/07/24          300       295       118.86
 Y       SFR          C          2
 563905680         2535420        6411 STANTON AVENUE
 BUENA PARK                              CA         90621           39,000
    38,938.38       13.75        140,000       113,600        1,647
 96/07/25       21/08/06          300       296       109.00
 Y       SFR          C          2

 
 563893280         2535421        76 GRAYTHORN MOUNTAIN
 HENDERSON                               NV         89012           25,000
    24,827.90       13.75        125,000       124,935        1,778
 96/07/31       11/08/05          180       176       119.95
 Y       SFR          C          2
 563901599         2535422        13423 115TH AVENUE NE
 KIRKLAND                                WA         98034           55,000
    54,979.60       14.00        155,400       136,888        2,239
 96/09/06       21/11/01          300       299       123.48
 Y       SFR          C          2
 563849470         2535423        5725 ROSE BROOK DRIVE
 RIVERBANK                               CA         95367           25,000
    24,934.28       15.25        137,000       110,380        1,137
 96/08/13       16/08/15          240       236        98.82
 Y       SFR          C          2
 563860734         2535424        9745 OAKDALE AVENUE
 CHATSWORTH                              CA         91311           10,000
     9,947.01       14.50        135,000       121,500        3,720
 96/09/02       11/09/06          180       177        97.41
 Y       SFR          C          2
 563813964         2535425        12330 ROSWELL AVENUE
 CHINO                                   CA         91710           40,000
    39,846.39       14.25        145,000       138,659        2,164
 96/06/14       16/07/15          240       235       123.21
 Y       SFR          C          2
 563844136         2535426        5012 JOHN WAYNE DRIVE
 CERES                                   CA         95307           25,000
    24,818.04       14.49        101,000        95,044        1,564
 96/04/12       16/04/19          240       232       118.86
 Y       SFR          C          2
 563844714         2535427        2300 FOXTAIL STREET
 ROSAMOND                                CA         93560           25,000
    24,973.09       14.25        100,000        76,498        1,296
 96/08/15       21/09/17          300       297       101.50
 Y       SFR          C          2
 563758216         2535428        6 LARKSPUR DRIVE
 ALISO VIEJO                             CA         92656           46,500
    46,395.23       14.25        276,808       259,785        4,166
 96/08/05       16/08/23          240       236       110.65
 Y       SFR          C          2
 563780090         2535429        1750 ORANGE BLOSSOM WA
 ENCINITAS                               CA         92024           45,000
    44,891.35       13.75        212,000       218,991        3,609
 96/09/12       16/10/11          240       238       124.52
 Y       SFR          C          2
 563807396         2535430        7021 ALONDRA BLVD. #22
 PARAMOUNT                               CA         90723           25,000
    24,929.52       14.75         97,000        95,706        1,213
 96/07/20       16/08/01          240       236       124.44
 Y       SFR          C          2
 563727746         2535431        3913 STARWOOD LANE
 BAKERSFIELD                             CA         93309           37,500
    37,455.81       13.75         97,500        74,498        1,159
 96/09/04       21/09/15          300       297       114.87
 Y       SFR          C          2
 563727998         2535432        1951 AVENIDA DEL OSSA
 FULLERTON                               CA         92833           75,000
    74,941.42       13.75        246,500       232,764        4,563
 96/10/15       21/11/01          300       299       124.85
 Y       SFR          C          2
 563749368         2535433        714 117TH PLACE SW
 EVERETT                                 WA         98204           17,400
    17,305.10       17.25        135,000       141,000        1,808
 96/08/19       21/09/01          300       297       117.33
 Y       SFR          C          2
 563689539         2535434        2234 CENTURY PLACE
 SIMI VALLEY                             CA         93063           50,000
    50,000.00       14.25        195,000       159,454        3,418
 96/11/12       16/12/16          240       240       107.41
 Y       SFR          C          2

 
 563692711         2535435        4356 ROSEMONT AVENUE
 MONTROSE                                CA         91020           22,500
    22,409.93       14.25        125,000       120,837        1,760
 96/06/15       16/06/24          240       234       114.67
 Y       SFR          C          2
 563705375         2535436        1749 CAMEO DRIVE
 VISTA                                   CA         92083           30,000
    29,882.44       13.75        199,000       179,980        2,216
 96/10/22       06/11/04          120       119       105.52
 Y       SFR          C          2
 563684285         2535437        9899 STURGEON AVENUE
 FOUNTAIN VALLEY                         CA         92708           68,000
    67,777.36       13.99        285,000       237,231        3,057
 96/07/25       21/07/25          300       295       107.10
 Y       SFR          C          2
 563685744         2535438        6219 NORTH SELLAND AVE
 FRESNO                                  CA         93711           29,743
    28,925.31       14.99        126,000       127,157        1,988
 96/10/10       11/11/01          180       179       124.52
 Y       SFR          C          2
 5636803241        2535439        2727 GREENFIELD DRIVE
 CORONA                                  CA         91720           50,000
    49,982.29       14.25        165,000       154,000        3,424
 96/10/28       21/11/15          300       299       123.64
 Y       SFR          C          2
 563680553         2535440        18732 PIPER PLACE
 YORBA LINDA                             CA         92686           40,000
    39,797.02       13.99        210,000       182,070        2,708
 96/05/29       16/06/05          240       234       105.75
 Y       SFR          C          2
 563683353         2535441        20072 COVE CIRCLE
 HUNTINGTON BEACH                        CA         92646           34,100
    33,932.38       13.75        198,000       196,000        2,422
 96/09/25       11/10/03          180       178       116.21
 Y       SFR          C          2
 563642333         2535442        7319 RUTTER COURT
 SACRAMENTO                              CA         95828           25,000
    24,420.71       12.99         84,000        56,192        1,069
 96/05/03       11/06/10          180       174        96.66
 Y       SFR          C          2
 563645216         2535443        37595 AVENUE 12 1/2
 MADERA                                  CA         93638           35,000
    34,972.04       13.75        185,000       150,950        1,252
 96/09/20       16/10/18          240       238       100.51
 Y       SFR          C          2
 563647002         2535444        24180 SAN JUAN DRIVE
 TEHACHAPI                               CA         93561           50,000
    49,908.76       15.75        145,000       117,020        3,318
 96/07/31       16/08/09          240       236       115.19
 Y       SFR          C          2
 563592577         2535445        69-160 ALLISO ROAD
 CATEDRAL CITY                           CA         92234           43,000
    42,873.28       14.99        115,000       100,441        2,514
 96/09/12       21/10/01          300       298       124.73
 Y       SFR          C          2
 563603954         2535446        1015 BERRYESSA COURT
 WINTERS                                 CA         95694           40,000
    39,711.17       13.25        206,000       163,518        2,306
 96/07/11       11/08/01          180       176        98.80
 Y       SFR          C          2
 563605370         2535447        136 WEST 234TH STREET
 CARSON                                  CA         90745           25,000
    24,975.46       14.75        130,000       122,519        1,770
 96/07/09       21/08/16          300       296       113.48
 Y       SFR          C          2
 563553076         2535448        9736 HAWKINS COURT
 ELK GROVE                               CA         95624           28,000
    27,955.74       13.75        110,000       100,989        1,177
 96/08/07       21/08/19          300       296       117.26
 Y       SFR          C          2

 
 563563657         2535449        7641 BIRCHLEAF AVENUE
 PICO RIVERA                             CA         90660           25,000
    24,980.53       15.99        159,000       109,000        1,413
 96/08/21       21/09/09          300       297        84.28
 Y       SFR          C          1
 563572566         2535450        12364 LILAC KNOLLS ROA
 VALLEY CENTER                           CA         92082           27,500
    27,365.52       14.25        235,000       225,208        2,177
 96/08/12       11/09/01          180       177       119.66
 Y       SFR          C          2
 563511568         2535451        6035 RIDGEGATE DRIVE
 CHINO HILLS                             CA         91709           35,000
    34,337.71       15.00        155,900       148,846        1,902
 96/07/29       21/08/26          300       296       117.93
 Y       SFR          C          2
 563521598         2535452        17581 ORCHARD DRIVE
 YORBA LINDA                             CA         92686           70,000
    69,443.33       13.25        255,000       220,863        4,597
 96/09/27       11/10/10          180       178       114.06
 Y       SFR          C          2
 563534586         2535453        2930 CAMELLIA COURT
 CORONA                                  CA         91720           35,000
    34,894.63       15.00        192,000       183,373        2,106
 96/10/08       11/10/15          180       178       113.74
 Y       SFR          C          2
 563508312         2535454        3605 EAST ANAHEIM STRE
 LONG BEACH                              CA         90804           40,000
    40,000.00       14.25        182,000       174,163        4,138
 96/12/07       11/12/28          180       180       117.67
 Y       SFR          C          2
 563509197         2535455        822 CORONA AVENUE
 CORONA                                  CA         91719           37,000
    36,882.98       14.50        140,250       130,917        2,559
 96/10/17       11/10/28          180       178       119.73
 Y       SFR          C          2
 563510508         2535456        8 TAVELLA PLACE
 FOOTHILL                                CA         92610           40,000
    39,639.82       13.75        216,500       205,000        3,460
 96/07/19       11/08/02          180       176       113.16
 Y       SFR          C          2
 563479571         2535457        4070 WASBASH AVENUE #6
 SAN DIEGO                               CA         92104           15,000
    14,900.53       14.99         80,000        63,723          816
 96/07/22       16/07/27          240       235        98.40
 Y       COND         C          2
 563497295         2535458        2325 PINEHURST PLACE
 ONTARIO                                 CA         91761           50,000
    49,959.11       13.50        135,000       116,502        1,955
 96/09/23       21/10/15          300       298       123.33
 Y       SFR          C          2
 563507925         2535459        1078 BLAKELEY COURT
 POMONA                                  CA         91767           30,000
    29,740.37       13.75        155,000       101,461        2,418
 96/07/02       11/07/18          180       175        84.81
 Y       SFR          C          2
 563432449         2535460        341 SOUTH WALNUT STREE
 LA HABRA                                CA         90631           27,700
    27,626.87       15.75        150,000       159,780        2,211
 96/09/19       16/07/01          240       235       124.99
 Y       SFR          C          2
 563464531         2535461        1362 BULLARD LANE
 TUSTIN                                  CA         92680           31,000
    30,991.28       15.49        197,999       178,950        1,891
 96/10/29       21/11/05          300       299       106.04
 Y       SFR          C          2
 563477777         2535462        18695 LOS HERMANOS RAN
 VALLEY CENTER                           CA         92082           44,000
    43,972.63       14.99        270,000       260,504        3,254
 96/09/25       21/10/02          300       298       112.78
 Y       SFR          C          2

 
 563378061         2535463        15237 ROSE PLACE
 ADELANTO                                CA         92301           54,040
    54,003.20       14.50        133,000       103,919        2,638
 96/08/30       21/09/20          300       297       118.77
 Y       SFR          C          2
 563417496         2535464        236 RED OAK DRIVE EAST
 SUNNYVALE                               CA         94086           40,000
    39,847.29       16.75        180,000       156,978        2,724
 96/08/20       11/09/10          180       177       109.43
 Y       SFR          C          2
 563418054         2535465        405 NORTH DEL SOL LANE
 DIAMOND BAR                             CA         91765           49,150
    49,130.91       13.75        165,000       157,000        2,373
 96/09/19       21/10/15          300       298       124.94
 Y       SFR          C          2
 563355695         2535466        3323 39TH STREET
 SAN DIEGO                               CA         92105           30,000
    29,967.20       15.75        155,000       127,000        1,506
 96/07/09       21/07/28          300       295       101.29
 Y       SFR          C          2
 563357574         2535467        14107 REIS STREET
 WHITTIER                                CA         90604           52,000
    51,314.99       13.25        181,250       124,920        1,841
 96/08/20       21/09/11          300       297        97.61
 Y       SFR          C          2
 563358294         2535468        321 STONEHAVEN
 STOCKTON                                CA         95210           25,000
    24,981.31       13.99        105,000       102,477        1,807
 96/09/27       21/10/03          300       298       121.41
 Y       SFR          C          2
 5633110481        2535469        8729 SANDHILL DRIVE
 RIVERSIDE                               CA         92508           25,000
    24,982.17       14.25        130,000       127,694        1,850
 96/09/07       21/10/17          300       298       117.46
 Y       SFR          C          2
 563335812         2535470        1422 CLOTILDE COURT
 TURLOCK                                 CA         95380           25,000
    25,000.00       14.25        140,000       135,000        1,660
 96/11/15       21/11/15          300       300       114.29
 Y       SFR          C          2
 563354837         2535471        16555 FREMONTIA STREET
 HESPERIA                                CA         92345           30,000
    29,793.49       13.75        100,000        94,625        1,235
 96/06/28       11/07/15          180       175       124.63
 Y       SFR          C          2
 563255596         2535472        21241 MEANDER LANE
 TRABUCO CANYON                          CA         92679           75,000
    74,881.48       13.75        328,926       295,224        5,446
 96/06/24       21/08/15          300       296       112.56
 Y       SFR          C          2
 563275112         2535473        531 ZAK WAY
 MADERA                                  CA         93637           26,000
    25,979.68       13.75        141,000       144,905        1,845
 96/09/09       21/10/01          300       298       121.21
 Y       SFR          C          2
 563275350         2535474        6100 EBONYWOOD COURT
 CITRUS HEIGHTS                          CA         95621           16,500
    16,479.30       15.49        113,000       111,462        1,163
 96/09/24       16/10/01          240       238       113.24
 Y       SFR          C          2
 563238669         2535475        1078 AMBER GLEN STREET
 CORONA                                  CA         91719           75,000
    74,940.32       13.75        192,000       153,921        2,626
 96/09/07       16/11/01          240       239       119.23
 Y       SFR          C          2
 563251000         2535476        974 BLOSSOM HILL DRIVE
 CORONA                                  CA         91720           40,650
    40,584.52       14.25        140,000       134,328        2,553
 96/10/15       11/11/12          180       179       124.98
 Y       SFR          C          2

 
 563213935         2535477        507 SANCADO TERRACE
 FALLBROOK                               CA         92028           35,000
    34,855.93       14.99        132,000       129,000        2,244
 96/05/31       16/07/05          240       235       124.24
 Y       SFR          C          2
 563153514         2535479        9316 CARLVALHO COURT
 BAKERSFIELD                             CA         93311           45,000
    45,000.00       14.25        128,115        99,336        2,470
 96/11/14       16/12/25          240       240       112.66
 Y       SFR          C          2
 563170640         2535480        8125 25TH PLACE NORTHE
 EVERETT                                 WA         98205           46,000
    45,883.18       15.00        160,000       144,770        1,805
 96/07/27       21/08/13          300       296       119.23
 Y       SFR          C          2
 563199842         2535481        1801 S. NEW HAMPSHIRE
 LOS ANGELES                             CA         90026           32,200
    31,946.08       13.99        115,000       111,550        1,863
 96/04/15       16/04/23          240       232       125.00
 Y       SFR          C          2
 563116712         2535482        7357 VERDUGO WAY
 SACRAMENTO                              CA         95842           25,000
    24,940.22       14.49         95,000        82,208        1,409
 96/09/09       16/09/13          240       237       112.85
 Y       SFR          C          2
 563119775         2535483        1218 LA TREMOLINA CIRC
 CORONA                                  CA         91719           30,500
    30,489.20       14.25        159,722       155,148        1,638
 96/10/19       21/11/13          300       299       116.23
 Y       SFR          C          2
 563150474         2535484        3209 OURAY WAY
 BAKERSFIELD                             CA         93309           40,000
    39,870.45       13.75        150,335       126,000        1,198
 96/07/24       16/08/05          240       236       110.42
 Y       SFR          C          2
 563085111         2535485        10636 RIDGEFIELD TERRA
 MORENO VALLEY                           CA         92557           25,000
    24,955.60       13.25        144,000       136,923        2,151
 96/10/18       11/11/13          180       179       112.45
 Y       SFR          C          2
 563087157         2535486        1635 WEST NEWGROVE STR
 LANCASTER                               CA         93534           44,000
    43,972.59       15.49        135,000       124,050        3,110
 96/10/17       16/11/01          240       239       124.48
 Y       SFR          C          2
 563116226         2535487        2546 GANZAN WAY
 RANCHO CORDOVA                          CA         95670           20,500
    20,443.44       14.25         87,500        85,940        1,081
 96/10/23       21/11/15          300       299       121.65
 Y       SFR          C          2
 563028876         2535488        6651 ORANGEWOOD ROAD
 HIGHLAND                                CA         92346           75,000
    74,869.88       13.49        264,909       243,896        4,796
 96/10/21       11/11/01          180       179       120.38
 Y       SFR          C          2
 563069994         2535489        10741 BIG BEND AVENUE
 SUNLAND                                 CA         91040           25,000
    24,920.69       15.25        210,000       182,175        2,805
 96/09/09       11/10/08          180       178        98.65
 Y       SFR          C          2
 562965368         2535490        5342 CORTE PICO VERDE
 CAMARILLO                               CA         93012           50,000
    50,000.00       14.99        180,000       147,923        2,335
 96/11/20       16/12/15          240       240       109.96
 Y       SFR          C          2
 562968231         2535491        4636 WOLF WAY
 ANTIOCH                                 CA         94509           50,000
    49,778.32       15.25        195,500       190,892        3,007
 96/08/13       11/09/05          180       177       123.22
 Y       SFR          C          2

 
 563026355         2535492        1118A-1118B EAST CAMPU
 HEMET                                   CA         92543           31,000
    30,840.87       13.75        120,000       117,739        1,645
 96/07/11       11/09/16          180       177       123.95
 Y       SFR          C          2
 562946385         2535493        437 ALVARADO STREET
 POMONA                                  CA         91767           36,000
    35,733.01       15.75        129,900       123,637        1,580
 96/08/30       16/09/10          240       237       122.89
 Y       SFR          C          2
 5629573711        2535494        1626 SOUTH CABRILLO AV
 ALHAMBRA                                CA         91803           51,300
    51,259.91       13.75        169,500       154,182        2,508
 96/09/24       21/10/18          300       298       121.23
 Y       SFR          C          2
 562958643         2535495        28746 NUEVO VALLEY DRI
 NUEVO                                   CA         92567           25,000
    24,858.43       15.75        168,000       139,297        2,064
 96/06/21       11/08/01          180       176        97.80
 Y       SFR          C          2
 562909423         2535496        1722 N. 5TH PLACE
 PT. HUENEME                             CA         93041           50,000
    49,927.81       14.49        150,000       115,376        2,293
 96/09/23       16/10/04          240       238       110.25
 Y       SFR          C          2
 562927461         2535497        610 EAST PAYSON STREET
 SAN DIMAS                               CA         91773           50,000
    49,669.88       14.25        169,000       158,734        2,973
 96/08/05       11/08/20          180       176       123.51
 Y       SFR          C          2
 562940879         2535498        726 WILLOWGREEN CIRCLE
 GALT                                    CA         95632           29,000
    28,936.90       14.50        114,000       113,275        1,488
 96/09/03       16/09/18          240       237       124.80
 Y       SFR          C          2
 562852771         2535499        2616 PRESIDENTE STREET
 STOCKTON                                CA         95210           25,000
    24,836.01       14.25        112,000       110,000        1,688
 96/08/07       11/08/15          180       176       120.54
 Y       SFR          C          2
 562863661         2535500        1609 DARTMOOR DRIVE
 LEMON GROVE                             CA         91945           37,300
    37,183.32       14.00        130,000       125,138        2,602
 96/08/13       16/08/23          240       236       124.95
 Y       SFR          C          2
 562886097         2535501        200 CHENEY LANE
 COALINGA                                CA         93210           60,000
    59,983.15       15.50        130,000       102,441        1,906
 96/10/23       21/11/12          300       299       124.95
 Y       SFR          C          2
 5628466481        2535502        11872 ANTLER PEAK COUR
 RANCHO CUCAMONGA                        CA         91737           60,000
    59,880.79       13.75        170,000       151,433        2,922
 96/07/16       21/07/25          300       295       124.37
 Y       SFR          C          2
 562848202         2535503        44056 COLONY COURT
 LANCASTER                               CA         93536           47,000
    46,686.84       14.00        143,400       132,065        1,743
 96/08/07       16/09/11          240       237       124.87
 Y       SFR          C          2
 562849151         2535504        43621 MONTROSE AVENUE
 FREMONT                                 CA         94538           43,200
    43,200.00       14.25        178,000       149,410        1,693
 96/11/14       21/12/25          300       300       108.21
 Y       SFR          C          2
 562816415         2535505        4488 MAPLEWOOD PLACE
 RIVERSIDE                               CA         92506           33,000
    32,919.16       15.75        131,000       128,813        1,946
 96/08/13       16/08/15          240       236       123.52
 Y       SFR          C          2

 
 562818692         2535506        10428 19TH AVENUE S.
 SEATTLE                                 WA         98168           25,000
    24,927.03       14.50        130,000       124,562        1,825
 96/07/05       16/08/09          240       236       115.05
 Y       SFR          C          2
 562836455         2535507        3833 EL DORADO ROAD
 PLACERVILLE                             CA         95667           25,000
    24,981.45       14.25        155,000       137,000        1,633
 96/11/01       16/11/22          240       239       104.52
 Y       SFR          C          2
 562788581         2535508        2060 JUSTICE COURT
 TURLOCK                                 CA         95380           40,500
    40,436.35       14.50        222,000       186,000        1,942
 96/09/29       11/11/04          180       179       102.03
 Y       SFR          C          2
 562805369         2535509        1522 SOUTH MEADOW GLEN
 HACIENDA HEIGHTS                        CA         91745           74,000
    73,971.27       13.75        246,000       227,586        3,213
 96/10/14       21/10/24          300       298       122.60
 Y       SFR          C          2
 562762297         2535510        3244 EAST LANSING WAY
 FRESNO                                  CA         93726           60,000
    59,542.21       13.75         95,000        31,335        1,907
 96/06/25       11/08/06          180       176        96.14
 Y       SFR          C          2
 562766420         2535511        843 N. MANZANITA
 VISALIA                                 CA         93292           30,500
    30,454.47       14.25        130,000       130,245        1,660
 96/09/05       16/09/26          240       237       123.65
 Y       SFR          C          2
 562769695         2535512        2708 21ST AVENUE
 OAKLAND                                 CA         94606           33,000
    32,952.35       14.49         95,000        85,508        1,155
 96/09/25       16/10/10          240       238       124.75
 Y       SFR          C          2
 562728666         2535513        465 E. SHELLDRAKE CIRC
 FRESNO                                  CA         93720           40,000
    39,964.21       15.25        195,000       168,908        3,670
 96/08/21       21/08/25          300       296       107.13
 Y       SFR          C          2
 5627534591        2535514        20933 NEW HAMPSHIRE AV
 TORRANCE                                CA         90502           41,000
    40,987.93       15.25        188,000       143,305        1,775
 96/11/06       21/11/13          300       299        98.03
 Y       SFR          C          2
 562760357         2535515        725 F STREET
 MARYSVILLE                              CA         95901           20,000
    19,995.77       16.99        145,000       143,587        1,656
 96/10/01       21/11/01          300       299       112.82
 Y       SFR          C          2
 562714972         2535516        699 PAULA STREET
 MORRO BAY                               CA         93442           27,000
    26,890.09       13.75        175,000       138,924        1,384
 96/07/11       16/07/22          240       235        94.81
 Y       SFR          C          2
 562716732         2535517        417 WEST 2ND STREET
 SAN DIMAS                               CA         91773           20,000
    19,901.67       13.75        159,000       148,467        1,514
 96/06/20       16/06/28          240       234       105.95
 Y       SFR          C          2
 562718639         2535518        10302 WESCOTT AVENUE
 SUNLAND                                 CA         91040           27,000
    26,581.97       14.25        142,000       139,237        2,148
 96/07/02       06/07/11          120       115       117.07
 Y       SFR          C          2
 562694181         2535519        1139 PAULARINO
 COSTA MESA                              CA         92626           35,000
    34,614.79       13.20        245,000       209,196        2,466
 96/06/15       11/06/28          180       174        99.67
 Y       SFR          C          2

 
 562698134         2535520        7437 MURIETA AVENUE
 VAN NUYS                                CA         91405           31,500
    31,384.45       12.99        143,668       135,008        1,507
 96/08/06       16/09/13          240       237       115.90
 Y       SFR          C          2
 562709699         2535521        605 SALINAS AVENUE
 TEMPLETON                               CA         93465           54,000
    53,734.69       13.75        229,250       163,369        2,834
 96/06/12       16/07/15          240       235        94.82
 Y       SFR          C          2
 562651680         2535522        261 CYPRESS AVENUE
 BARSTOW                                 CA         92311           20,000
    19,971.11       14.49         90,000        65,000          901
 96/09/06       16/10/12          240       238        94.44
 Y       SFR          C          2
 562675504         2535523        13442 WHITESTONE PLACE
 RANCHO CUCAMONGA                        CA         91739           70,000
    69,518.13       13.75        212,489       194,759        2,806
 96/08/08       11/08/15          180       176       124.60
 Y       SFR          C          2
 562687800         2535524        8342 OWENS STREET
 SUNLAND                                 CA         91040           59,000
    58,929.19       15.25        170,000       152,035        2,580
 96/08/06       21/08/14          300       296       124.14
 Y       SFR          C          2
 562643448         2535525        1012 RAYSILVA CIRCLE
 STOCKTON                                CA         95206           27,000
    26,831.31       14.75        107,000       105,000        1,438
 96/08/08       11/08/15          180       176       123.36
 Y       SFR          C          2
 562643678         2535526        1840 MCPEAK COURT
 TRACY                                   CA         95376           65,000
    64,902.67       14.99        140,000       106,042        2,110
 96/10/23       11/11/06          180       179       122.17
 Y       SFR          C          2
 562644652         2535527        13101 TWIN STAR LANE
 GRASS VALLEY                            CA         95949           40,000
    39,777.11       14.99        151,968       103,793        2,874
 96/09/09       11/09/17          180       177        94.62
 Y       SFR          C          2
 562619088         2535528        1234 SANTA MONICA
 TULARE                                  CA         93274           17,000
    16,938.30       14.74         94,500        90,749        1,191
 96/04/03       16/05/14          240       233       114.02
 Y       SFR          C          2
 562631442         2535529        5431 ASCOT AVENUE
 LOS ANGELES                             CA         90011           49,000
    48,941.76       13.25        124,500       106,469        1,982
 96/09/27       21/10/08          300       298       124.87
 Y       SFR          C          2
 562637933         2535530        1491 MT. PALOMAR DRIVE
 SAN JOSE                                CA         95127           50,000
    49,985.94       15.49        177,000       149,000        2,798
 96/10/10       21/11/07          300       299       112.43
 Y       SFR          C          2
 562610034         2535531        24575 ADANTI COURT
 MURRIETA                                CA         92562           25,000
    24,860.43       14.49        128,990       131,569        1,205
 96/03/22       16/04/11          240       232       121.38
 Y       SFR          C          2
 562611502         2535532        44376 HAZEL CANYON LAN
 PALM DESERT                             CA         92260           25,000
    24,836.01       14.25        225,000       199,500        2,624
 96/07/25       11/08/15          180       176        99.78
 Y       SFR          C          2
 562612915         2535533        18442 MANNING DRIVE
 TUSTIN                                  CA         92780           71,000
    70,910.62       14.99        225,000       194,865        2,482
 96/08/08       21/08/21          300       296       118.16
 Y       SFR          C          2

 
 562588815         2535534        716 STEPHENS STREET
 BAKERSFIELD                             CA         93304           41,750
    41,720.23       14.25         76,913        49,289        1,568
 96/09/20       21/10/17          300       298       118.37
 Y       SFR          C          2
 562589284         2535535        6075 NORTH MILLBROOK A
 FRESNO                                  CA         93710           48,000
    47,987.73       16.00        120,000       100,000        1,940
 96/10/15       21/11/05          300       299       123.33
 Y       SFR          C          2
 562597419         2535536        3400 55TH STREET
 SACRAMENTO                              CA         95820           22,250
    22,216.76       14.25        109,000       103,945        1,223
 96/10/03       16/10/15          240       238       115.78
 Y       SFR          C          2
 5625535871        2535537        15900 BLERIOT STREET
 HESPERIA                                CA         92345           30,000
    29,846.00       13.75         98,000        84,450        1,545
 96/09/05       11/08/22          180       176       116.79
 Y       SFR          C          2
 562569937         2535538        801 RANLEIGH WAY
 MODESTO                                 CA         95358           47,000
    46,922.12       13.50        111,000        90,976        1,785
 96/09/24       16/10/07          240       238       124.30
 Y       SFR          C          2
 562571547         2535539        1117 HILBY AVENUE
 SEASIDE                                 CA         93955           29,500
    29,015.64       13.25        120,000        84,029        1,271
 96/08/01       06/08/08          120       116        94.61
 Y       SFR          C          2
 562499088         2535540        2900 DARTMOUTH CIRCLE
 CORONA                                  CA         91719           40,000
    39,785.74       13.75        182,000       176,409        3,165
 96/06/27       21/07/02          300       295       118.91
 Y       SFR          C          2
 562528223         2535541        15055 SHERMAN WAY, #D
 VAN NUYS                                CA         91405           21,000
    20,960.13       14.00        156,900       115,000        1,483
 96/06/29       21/07/11          300       295        86.68
 Y       COND         C          2
 562533579         2535542        20780 BIRCHWOOD DRIVE
 FORESTHILL                              CA         95631           26,650
    26,332.26       12.99        160,000       124,000        1,102
 96/11/05       11/11/13          180       179        94.16
 Y       SFR          C          2
 562459720         2535543        1857 BUFFINGTON STREET
 POMONA                                  CA         91766           25,000
    24,982.70       14.75        112,000       111,434        1,426
 96/10/26       16/11/14          240       239       121.82
 Y       SFR          C          2
 562491590         2535544        1729 CRAIGTON AVENUE
 HACIENDA HEIGHTS                        CA         91745           32,000
    31,948.15       14.99        133,000       131,553        1,421
 96/07/22       21/07/26          300       295       122.97
 Y       SFR          C          2
 562431463         2535545        7001 LA LANZA COURT
 RANCHO CUCAMONGA                        CA         91730           35,000
    34,880.90       13.75        172,618       146,101        1,892
 96/10/07       11/10/17          180       178       104.91
 Y       SFR          C          2
 562458097         2535546        1309 FLORENCE STREET
 AURORA                                  CO         80010           50,000
    49,962.89       14.25         78,000        44,554        1,595
 96/09/29       16/10/24          240       238       121.22
 Y       SFR          C          2
 562373433         2535547        56 SURREY PLACE
 GOLETA                                  CA         93117           35,000
    34,841.21       14.25        235,000       203,325        2,023
 96/07/01       16/07/05          240       235       101.41
 Y       SFR          C          2

 
 562375935         2535548        10001 DEEP CANYON ROAD
 MORENO VALLEY                           CA         92557           40,000
    39,815.79       14.99        145,000       139,500        2,917
 96/04/10       16/05/01          240       233       123.79
 Y       SFR          C          2
 562383675         2535549        8687 CIRCLE R COURSE L
 ESCONDIDO                               CA         92026           72,000
    71,918.92       13.75        190,000       153,257        3,839
 96/07/24       21/09/01          300       297       118.56
 Y       SFR          C          2
 562331061         2535550        643 PLUM STREET
 NOVATO                                  CA         94947           46,000
    45,244.01       13.99        182,000       162,705        2,534
 96/03/21       16/04/01          240       232       114.67
 Y       SFR          C          2
 562332475         2535551        16470 SILVERBIRCH ROAD
 MORENO VALLEY                           CA         92551           30,000
    29,931.25       13.25        128,000       126,103        2,246
 96/10/21       11/11/15          180       179       121.96
 Y       SFR          C          2
 562364656         2535552        1337 CHERRY AVENUE
 BEAUMOUNT                               CA         92223           16,000
    15,937.70       14.00        105,000        78,142          894
 96/07/23       16/08/01          240       236        89.66
 Y       SFR          C          2
 562310416         2535553        15327 BRAUN COURT
 MOORPARK                                CA         93021           32,000
    31,789.36       13.50        205,000       192,576        2,126
 96/07/06       16/07/15          240       235       109.55
 Y       SFR          C          2
 562313013         2535554        46 STANISLAUS CIRCLE
 SACRAMENTO                              CA         95831           37,000
    36,969.69       13.49        142,000       130,338        1,983
 96/09/18       21/09/23          300       297       117.84
 Y       SFR          C          2
 562318913         2535555        11159 SUMMERSIDE DRIVE
 RANCHO CUCAMONGA                        CA         91737           20,000
    19,892.26       13.25        248,000       206,500        2,003
 96/08/09       11/08/28          180       176        91.33
 Y       SFR          C          2
 562279023         2535556        25672 ORCHARD RIM LANE
 LAKE FOREST                             CA         92630           30,000
    29,969.18       14.50        215,000       201,971        2,890
 96/08/30       21/09/11          300       297       107.89
 Y       SFR          C          2
 562290068         2535557        485 MAPLEWOOD AVENUE
 SAN JOSE                                CA         95117           44,000
    43,902.41       14.50        297,000       279,724        3,178
 96/08/16       16/08/22          240       236       109.00
 Y       SFR          C          2
 562297569         2535558        9 SALVIA
 RANCHO SANTA MARGARITA                  CA         92688           40,000
    39,822.66       15.25        158,525       154,858        2,678
 96/08/25       11/09/01          180       177       122.92
 Y       SFR          C          2
 562248537         2535559        22950 GRAND TERRACE RO
 GRAND TERRACE                           CA         92313           54,000
    53,953.95       13.25        195,000       177,031        3,652
 96/09/11       16/10/22          240       238       118.48
 Y       SFR          C          2
 562274562         2535560        920 SHERIDAN AVENUE
 BAKERSFIELD                             CA         93308           50,000
    49,849.47       15.00        105,000        72,876        2,007
 96/09/25       11/10/01          180       178       117.02
 Y       SFR          C          2
 562177634         2535561        8310 PERSIMMON DRIVE
 BAKERSFIELD                             CA         93111           23,000
    22,926.66       13.75        122,950       121,784        2,249
 96/09/17       16/10/10          240       238       117.76
 Y       SFR          C          2

 
 562200802         2535562        1395 NORTH ALTHEA AVEN
 RIALTO                                  CA         92376           49,500
    49,418.00       13.50        115,000        79,026        1,498
 96/09/11       16/10/01          240       238       111.76
 Y       SFR          C          2
 562113172         2535563        31155 QUARRY STREET
 MENTONE                                 CA         92359           30,000
    29,976.57       13.75        156,750       154,713        2,133
 96/08/21       21/09/04          300       297       117.84
 Y       SFR          C          2
 562170848         2535564        13141 SILVER BIRCH DRI
 TUSTIN                                  CA         92680           50,000
    49,983.84       14.75        244,000       207,485        3,699
 96/10/12       21/11/01          300       299       105.53
 Y       SFR          C          2
 562173210         2535565        4904 ELTON STREET
 BALDWIN PARK                            CA         91706           20,625
    20,437.78       13.25        122,000       110,971        1,283
 96/07/18       11/07/26          180       175       107.87
 Y       SFR          C          2
 562046866         2535566        161 LAUREL STREET
 VALLEY SPRINGS                          CA         95252           19,200
    19,200.00       14.25         85,000        80,562        1,679
 96/11/14       11/12/21          180       180       117.37
 Y       SFR          C          2
 5620497981        2535567        2312 TIGER LILLY WAY
 PERRIS                                  CA         92571           30,000
    29,952.59       13.75        160,000       154,888        2,394
 96/07/30       21/08/13          300       296       115.56
 Y       SFR          C          2
 562088901         2535568        10456 LANTRY LANE
 OAK HILLS                               CA         92371           30,000
    29,951.97       13.75        180,000       170,744        3,889
 96/10/03       16/10/16          240       238       111.52
 Y       SFR          C          2
 561963465         2535569        6526 W. MERCER LANE
 GLENDALE                                AZ         85304           18,379
    17,929.83       14.99         86,500        82,591        1,268
 96/05/23       06/06/01          120       114       116.73
 Y       SFR          C          2
 561980880         2535571        3201 JOHNSON COURT
 BAKERSFIELD                             CA         93309           30,000
    29,974.75       14.99         96,000        86,683        1,950
 96/10/24       21/11/11          300       299       121.54
 Y       SFR          C          2
 561904829         2535572        3931 SUNSETRIDGE ROAD
 MOORPARK                                CA         93021           35,000
    34,871.85       12.99        290,000       251,306        3,172
 96/09/25       11/10/01          180       178        98.73
 Y       SFR          C          2
 561909618         2535573        1404 DUKE DRIVE
 BAKERSFIELD                             CA         93305           16,000
    14,372.12       14.99        105,000        84,587        1,741
 96/06/27       11/08/01          180       176        95.80
 Y       SFR          C          2
 561950561         2535574        23607 ASHWOOD AVENUE
 MORENO VALLEY                           CA         92557           50,000
    49,863.91       15.00        120,000        86,000        1,564
 96/06/19       16/08/09          240       236       113.33
 Y       SFR          C          2
 561833862         2535575        1167 SOUTH POSITANO AV
 ANAHEIM                                 CA         92808           26,500
    26,489.71       13.75        160,000       129,418        1,936
 96/10/22       21/11/15          300       299        97.45
 Y       COND         C          2
 561869044         2535576        1505 SHAMROCK COURT
 WASCO                                   CA         93280           15,000
    14,964.26       14.99         72,000        71,030        1,171
 96/07/17       11/09/05          180       177       119.49
 Y       SFR          C          2

 
 561903663         2535577        36852 COLBY AVENUE
 BARSTOW                                 CA         92311           30,000
    29,978.61       14.25         75,000        59,917        1,548
 96/08/30       21/09/25          300       297       119.89
 Y       SFR          C          2
 561746201         2535578        2227 SOUTHEAST 8TH PLA
 RENTON                                  WA         98055           30,000
    29,943.17       15.49        131,950       121,259        1,449
 96/09/12       16/09/18          240       237       114.63
 Y       SFR          C          2
 561781837         2535579        608 LOBOS STREET
 MONTEREY                                CA         93940           70,000
    69,761.83       13.75        245,000       190,377        3,316
 96/09/25       11/10/28          180       178       106.28
 Y       SFR          C          2
 561784166         2535580        35354 RATTO PLACE
 FREMONT                                 CA         94536           65,000
    64,888.87       13.75        238,000       178,581        4,604
 96/10/15       21/11/01          300       299       102.34
 Y       SFR          C          2
 561733178         2535581        1441 LYTELLE STREET
 HAYWARD                                 CA         94544           50,000
    49,796.60       14.49        265,909       172,065        3,335
 96/05/20       16/06/17          240       234        83.51
 Y       SFR          C          2
 561735002         2535582        2742 MONTEFRIO LANE
 DAVIS                                   CA         95616           75,000
    74,911.62       13.75        235,000       187,000        3,520
 96/08/08       21/09/13          300       297       111.49
 Y       SFR          C          2
 561742602         2535583        7654 BENASSI DRIVE
 GILROY                                  CA         95020           70,000
    69,944.29       13.75        250,700       222,236        3,738
 96/11/08       16/11/25          240       239       116.57
 Y       SFR          C          2
 561656378         2535584        12346 DAISY COURT
 RANCHO CUCAMONGA                        CA         91739           38,000
    38,000.00       13.75         97,750        72,327        1,863
 96/11/13       11/12/15          180       180       112.87
 Y       SFR          C          2
 561685436         2535585        5853 LAWNVIEW WAY
 ELK GROVE                               CA         95758           75,000
    74,957.54       15.49        275,000       229,556        4,680
 96/09/20       21/10/04          300       298       110.75
 Y       SFR          C          2
 561706565         2535586        19172 VINTAGE WOODS DR
 RIVERSIDE                               CA         92508           40,000
    39,665.70       14.99        126,000       116,649        1,923
 96/06/12       16/06/12          240       234       124.32
 Y       SFR          C          2
 561611737         2535587        20 BRAVO LANE
 ALISO VIEJO                             CA         92656           36,140
    36,112.18       13.99        160,000       158,504        2,140
 96/10/31       16/11/08          240       239       121.65
 Y       COND         C          2
 561638322         2535588        572 WEST MINARETS AVEN
 CLOVIS                                  CA         93611           25,000
    24,913.31       13.25        142,400       144,387        1,645
 96/09/04       16/09/15          240       237       118.95
 Y       SFR          C          2
 561655088         2535589        3176 BIRMINGHAM WAY
 CAMERON PARK                            CA         95682           49,999
    49,941.05       13.99        244,778       228,929        3,813
 96/08/29       21/09/10          300       297       113.95
 Y       SFR          C          2
 561587805         2535590        2606 EVERGREEN STREET
 SAN DIEGO                               CA         92106           50,000
    49,828.31       14.49        282,000       242,264        2,727
 96/06/20       16/06/28          240       234       103.64
 Y       SFR          C          2

 
 561595274         2535591        208 GHORMLEY AVENUE
 OAKLAND                                 CA         94603           19,840
    19,191.07       12.99         76,797        70,160        1,103
 96/05/20       06/05/28          120       113       117.19
 Y       SFR          C          2
 5616019511        2535592        4732 NORTH D STREET
 SAN BERNARDINO                          CA         92407           10,000
     9,895.54       13.75         71,000        70,729          963
 96/06/14       11/06/27          180       174       113.70
 Y       SFR          C          2
 561557674         2535593        55 E. YALE LOOP #29
 IRVINE                                  CA         92714           55,000
    54,915.66       14.75        242,000       225,994        4,533
 96/10/17       11/11/18          180       179       116.11
 Y       SFR          C          2
 561564260         2535594        1312 MEADOWLARK PLACE
 MOLALLA                                 OR         97038           41,500
    41,489.38       15.99        118,410       102,000        1,938
 96/11/04       21/11/08          300       299       121.19
 Y       SFR          C          2
 561539911         2535595        2223 SPRING OAK WAY
 SAN DIEGO                               CA         92139           37,064
    36,977.30       15.00        165,000       164,500        1,847
 96/10/17       11/11/12          180       179       122.16
 Y       SFR          C          2
 561549075         2535596        474 EAST LAUREL DRIVE
 SALINAS                                 CA         93708           45,300
    45,300.00       15.25        145,000       130,427        1,829
 96/11/06       21/12/15          300       300       121.19
 Y       SFR          C          2
 561552045         2535597        3468 MARSHALL STREET
 RIVERSIDE                               CA         92504           30,000
    29,954.75       14.99        125,000       108,390        1,915
 96/10/21       11/11/01          180       179       110.71
 Y       SFR          C          2
 5614749891        2535598        37918 SPYGLASS CIRCLE
 MURRIETA                                CA         92563           15,000
    14,827.67       14.25        150,000       145,630        1,234
 96/06/07       11/06/19          180       174       107.09
 Y       SFR          C          2
 561479746         2535599        672 CORDELLA CIRCLE
 VACAVILLE                               CA         95687           50,000
    49,971.72       15.50        178,000       165,609        2,131
 96/08/23       21/10/01          300       298       121.13
 Y       SFR          C          2
 561498513         2535600        15803 CRESWICK DRIVE
 WHITTIER                                CA         90604           36,000
    36,000.00       13.75        170,000       146,483        1,810
 96/11/22       22/01/02          300       300       107.34
 Y       SFR          C          2
 561415923         2535601        19110 GALWAY AVENUE
 CARSON                                  CA         90746           32,000
    31,700.77       14.90        165,000       154,185        2,686
 96/06/20       11/06/20          180       174       112.84
 Y       SFR          C          2
 561419194         2535602        13132 ANOLA STREET
 WHITTIER                                CA         90605           45,000
    44,863.15       13.25        159,000       152,840        2,051
 96/10/02       21/10/11          300       298       124.43
 Y       SFR          C          2
 561441052         2535603        6284 BEECHWOOD AVENUE
 SAN BERNARDINO                          CA         92407           35,550
    35,524.65       14.25        115,000        90,066        1,719
 96/10/14       21/10/23          300       298       109.23
 Y       SFR          C          2
 561391144         2535604        12866 PORTOLA STREET
 VICTORVILLE                             CA         92392           27,500
    27,464.51       13.25        130,000       128,732        2,300
 96/07/22       21/08/01          300       296       120.18
 Y       SFR          C          2

 
 561394938         2535605        1015 ALDEN GLEN DRIVE
 TRACY                                   CA         95376           20,000
    19,985.86       16.50        189,000       179,550        2,115
 96/09/09       21/09/17          300       297       105.58
 Y       SFR          C          2
 561412319         2535606        605 JERLEE STREET
 BAKERSFIELD                             CA         93312           25,000
    24,983.14       16.75        115,000       110,600        1,046
 96/08/01       21/08/16          300       296       117.91
 Y       SFR          C          2
 561355985         2535607        7840 BONNY DOWNS WAY
 ELK GROVE                               CA         95758           39,500
    39,473.06       14.49        150,000       129,859        2,551
 96/10/09       21/10/15          300       298       112.91
 Y       SFR          C          2
 561356045         2535608        540 LAS PALMAS DRIVE
 HOLLISTER                               CA         95023           25,000
    24,959.73       14.25        169,900       161,400        2,090
 96/10/08       11/11/01          180       179       109.71
 Y       SFR          C          2
 561312585         2535609        10203 SE 228TH STREET
 KENT                                    WA         98031           60,000
    59,705.89       14.99        186,000       139,355        2,684
 96/09/18       21/09/24          300       297       107.18
 Y       SFR          C          2
 561321857         2535610        7916 FOUR SEASON DRIVE
 LAS VEGAS                               NV         89129           25,000
    24,987.11       15.99        155,000       149,756        1,730
 96/09/23       21/09/27          300       297       112.75
 Y       SFR          C          2
 561292780         2535611        32097 CORTE CANEL
 TEMECULA                                CA         92592           47,400
    47,318.73       13.25        202,077       198,317        3,233
 96/09/28       16/10/18          240       238       121.60
 Y       SFR          C          2
 561299678         2535612        6182 ORVIETO COURT
 RANCHO CUCAMONGA                        CA         91701           22,000
    21,903.61       13.75        171,000       188,772        2,318
 96/09/20       11/10/03          180       178       123.26
 Y       SFR          C          2
 561252865         2535613        281 WEST WILEY COURT
 CLAREMONT                               CA         91711           50,000
    49,955.30       15.25        210,000       186,740        2,500
 96/08/21       21/08/28          300       296       112.73
 Y       SFR          C          2
 561270403         2535614        22832 ROCKCRESS STREET
 CORONA                                  CA         91719           19,500
    18,737.14       13.25        166,000       158,764        1,367
 96/09/13       11/09/23          180       177       107.39
 Y       SFR          C          2
 561170120         2535615        2321 HUFF STREET
 COLTON                                  CA         92324           30,000
    29,877.84       13.75        128,000       124,926        2,817
 96/06/21       16/07/15          240       235       121.04
 Y       SFR          C          2
 561170990         2535616        26 VIA CERCETA
 RANCHO SANTA MARGARITA                  CA         92688           10,000
     9,978.98       14.75        113,000       105,801        1,607
 96/08/08       16/09/11          240       237       102.48
 Y       COND         C          2
 561082554         2535618        1508 FRANSEN LANE
 MODESTO                                 CA         95355           45,000
    44,868.65       14.50        120,655       104,491        2,018
 96/07/09       16/08/19          240       236       123.90
 Y       SFR          C          2
 561118326         2535619        10121 SAINTSBURY CT
 ELK GROVE                               CA         95624           26,999
    26,911.49       14.25        120,000       116,500        1,001
 96/08/13       11/09/24          180       177       119.58
 Y       SFR          C          2

 
 561151462         2535620        3080-3082 CRANE STREET
 LEMON GROVE                             CA         91945           45,000
    44,939.44       14.99        160,000       148,000        2,778
 96/09/13       16/10/01          240       238       120.63
 Y       SFR          C          2
 560980587         2535621        17 DEL ROMA
 IRVINE                                  CA         92614           53,000
    52,823.15       15.50        263,500       231,000          622
 96/10/21       11/11/03          180       179       107.78
 Y       SFR          C          2
 560983750         2535622        10742 JOSHUA STREET
 ADELANTO                                CA         92301           27,830
    27,741.56       14.99        110,000        95,952        1,454
 96/06/21       16/06/28          240       234       112.53
 Y       SFR          C          2
 560988188         2535623        37614 KIMBERLY LANE
 PALMDALE                                CA         93550           15,000
    14,978.35       14.49        125,000       118,067        1,935
 96/09/24       16/10/02          240       238       106.45
 Y       SFR          C          2
 560942851         2535624        3604 WEST ESTATES LANE
 PALOS VERDES PENINSULA                  CA         90274           35,000
    34,909.46       13.25        155,000       147,648        1,910
 96/08/23       16/09/12          240       237       117.84
 Y       COND         C          2
 560943832         2535625        24107 ROYALE STREET
 MORENO VALLEY                           CA         92557           54,400
    54,200.29       14.50        142,000       117,774        1,032
 96/06/13       16/07/01          240       235       121.25
 Y       SFR          C          2
 560980037         2535626        39576 PROSPECT DRIVE
 FOREST FALLS                            CA         92339           25,000
    24,945.60       14.50        130,000        81,157        2,038
 96/09/08       16/10/07          240       238        81.66
 Y       SFR          C          2
 560924628         2535627        1959 SOUTH BELLE AVENU
 CORONA                                  CA         91720           36,000
    35,964.68       14.75        130,000       119,000        1,565
 96/07/30       21/09/20          300       297       119.23
 Y       SFR          C          2
 560929942         2535628        2554 WEST NOBLE AVENUE
 CARUTHERS                               CA         93609           37,200
    37,095.12       14.75        153,500        90,000        1,990
 96/06/13       16/07/01          240       235        82.87
 Y       SFR          C          2
 560940996         2535629        4824 LINARO DRIVE
 CYPRESS                                 CA         90630           75,000
    74,901.31       14.75        310,710       277,466        4,534
 96/08/08       21/09/01          300       297       113.44
 Y       SFR          C          2
 560906154         2535630        10072 MEADOWLARK AVENU
 FOUNTAIN VALLEY                         CA         92708           25,000
    24,964.38       15.49        139,000       137,584        1,550
 96/11/05       11/11/13          180       179       116.97
 Y       COND         C          2
 560912274         2535631        27 EDGEBROOK DRIVE
 POMONA                                  CA         91766           50,000
    49,859.04       14.75        187,000       178,625        2,401
 96/07/09       16/08/05          240       236       122.26
 Y       SFR          C          2
 560922367         2535632        13132 WREN AVENUE
 CHINO                                   CA         91710           39,400
    39,350.58       15.49        175,000       160,703        2,759
 96/09/18       16/09/26          240       237       114.34
 Y       SFR          C          2
 560899682         2535633        11481 SCRIPPS CREEK DR
 SAN DIEGO                               CA         92131           62,500
    62,457.44       14.50        278,000       201,524        1,480
 96/09/23       21/10/23          300       298        94.97
 Y       SFR          C          2

 
 560903048         2535634        812 VISTA DRIVE
 REDWOOD CITY                            CA         94062           57,000
    56,964.58       14.99        336,000       272,617        2,845
 96/10/01       21/10/11          300       298        98.10
 Y       SFR          C          2
 560889506         2535635        7822 PERLITE COURT
 RANCHO CUCAMONGA                        CA         91730           34,500
    34,390.80       14.49        141,000       138,131        2,215
 96/09/16       11/09/24          180       177       122.43
 Y       SFR          C          2
 560892525         2535636        500 BRITTANY DRIVE
 CORONA                                  CA         91719           50,000
    49,970.39       15.25        149,000       124,572        2,908
 96/10/04       21/10/22          300       298       117.16
 Y       SFR          C          2
 560866430         2535637        10023 COCA STREET
 ALTA LOMA                               CA         91737           33,000
    32,458.17       13.25        228,300       195,300        3,203
 96/07/25       06/08/12          120       116       100.00
 Y       SFR          C          2
 560877695         2535638        10099 GLENBROOK STREET
 RIVERSIDE                               CA         92503           36,000
    35,974.35       14.25        124,000       118,636        2,317
 96/09/30       21/10/15          300       298       124.71
 Y       SFR          C          2
 560888565         2535639        425 SOUTH VALLEJO WAY
 UPLAND                                  CA         91786           30,000
    29,846.00       13.75        130,000       125,942        2,269
 96/09/05       11/09/19          180       177       119.96
 Y       SFR          C          2
 560840981         2535640        4224 DON MARIANO DRIVE
 LOS ANGELES                             CA         90008           25,000
    25,000.00       13.75        274,768       252,243        2,578
 96/11/11       11/12/18          180       180       100.90
 Y       SFR          C          2
 560845089         2535641        852 CRESTHAVEN DRIVE
 LOS ANGELES                             CA         90042           50,000
    49,966.55       14.99        160,000       136,222        3,165
 96/09/19       16/10/07          240       238       116.39
 Y       SFR          C          2
 560849218         2535642        18 DEL REY COURT
 AMERICAN CANYON                         CA         94589           26,800
    26,755.60       14.75        124,750       129,115        2,091
 96/06/27       21/07/15          300       295       124.98
 Y       SFR          C          2
 560827566         2535643        1504 LIPTON STREET
 ANTIOCH                                 CA         94509           50,000
    49,859.04       14.75        135,000       101,250        2,013
 96/08/07       16/08/13          240       236       112.04
 Y       SFR          C          2
 560828515         2535644        3751 GLADSTONE DRIVE
 PITTSBURG                               CA         94565           29,200
    29,152.96       14.25        130,000       127,000        1,554
 96/10/29       11/11/15          180       179       120.15
 Y       SFR          C          2
 560831055         2535645        8609 CARLTON OAKS DRIV
 SANTEE                                  CA         92071           25,000
    24,902.04       13.75        135,000       120,798        1,672
 96/11/12       06/11/18          120       119       108.00
 Y       SFR          C          2
 560797688         2535646        350 WEST 234TH STREET
 CARSON                                  CA         90745           40,000
    38,153.36       14.99        165,000       142,592        2,336
 96/05/16       16/06/01          240       234       110.66
 Y       SFR          C          2
 560801328         2535647        112 WEST ELM STREET
 HANFORD                                 CA         93230           27,000
    26,957.33       13.75        110,000        97,505        1,724
 96/06/13       21/07/26          300       295       113.19
 Y       SFR          C          2

 
 560805943         2535648        1329 AVENIDA ARANA
 SAN MARCOS                              CA         92069           64,000
    63,942.76       15.25        185,000       166,672        3,007
 96/08/27       21/09/11          300       297       124.69
 Y       SFR          C          2
 560765933         2535649        13824 MCNAB AVENUE
 BELLFLOWER                              CA         90706           40,000
    39,804.40       14.25        182,687       174,185        2,073
 96/08/17       11/09/03          180       177       117.24
 Y       SFR          C          2
 560778745         2535650        15352 KEARNY DRIVE
 ADELANTO                                CA         92301           30,000
    29,902.71       15.25        116,000       114,511        1,951
 96/07/18       16/08/01          240       236       124.58
 Y       SFR          C          2
 560783114         2535651        562 SOUTH WAYSIDE STRE
 ANAHEIM                                 CA         92805           45,500
    45,303.51       14.75        175,000       165,314        2,174
 96/08/21       21/09/10          300       297       120.47
 Y       SFR          C          2
 560750866         2535652        667 BIRCHWOOD LANE
 CORONA                                  CA         91720           40,000
    39,952.86       13.75        166,250       146,051        2,128
 96/08/29       21/09/15          300       297       111.91
 Y       SFR          C          2
 560759038         2535653        11341 KIMBERLY AVENUE
 POMONA                                  CA         91766           25,000
    24,966.13       15.99        120,000       123,808        2,061
 96/09/04       11/10/24          180       178       124.01
 Y       SFR          C          2
 560764607         2535654        13695 VERBENA DRIVE
 DESERT HOT SPRINGS                      CA         92240           15,000
    14,896.74       13.75         76,000        50,284          867
 96/07/16       11/08/06          180       176        85.90
 Y       SFR          C          2
 560683237         2535655        4903 SHERIDAN DRIVE SE
 LACEY                                   WA         98503           28,300
    28,274.71       15.25        120,000       119,641        1,434
 96/08/12       21/09/01          300       297       123.28
 Y       SFR          C          2
 560694130         2535656        4138 KENNEDY COURT
 CHINO                                   CA         91710           35,000
    35,000.00       13.75        157,000       138,789        1,883
 96/11/15       21/12/22          300       300       110.69
 Y       SFR          C          2
 560748677         2535657        40020 BUCKWOOD WAY
 MURRIETA                                CA         92562           50,000
    49,919.46       14.25        145,000       127,444        2,432
 96/10/15       11/11/05          180       179       122.38
 Y       SFR          C          2
 560654626         2535658        15 ALUMBRE
 RANCHO SANTA MARGARITA                  CA         92688           75,000
    74,808.91       15.25        210,000       166,162        2,429
 96/08/08       21/08/15          300       296       114.84
 Y       SFR          C          2
 560668820         2535659        1531 NORTH MILLS AVENU
 CLAREMONT                               CA         91711           30,000
    29,338.45       14.75        175,000       170,648        2,271
 96/07/29       06/08/05          120       116       114.66
 Y       SFR          C          2
 560678876         2535660        1761 CHERRY COURT
 STOCKTON                                CA         95206           49,000
    49,000.00       14.25        160,000       150,847        2,724
 96/11/05       21/12/12          300       300       124.90
 Y       SFR          C          2
 560627329         2535661        18753 STANTON AVENUE
 CASTRO VALLEY                           CA         94546           75,000
    74,926.44       14.75        287,416       232,000        3,502
 96/09/07       21/09/23          300       297       106.81
 Y       SFR          C          2

 
 560643055         2535662        1850 DAILEY DRIVE
 DIXON                                   CA         95620           50,000
    49,960.93       13.75        211,000       195,000        3,091
 96/10/25       21/11/01          300       299       116.11
 Y       SFR          C          2
 560647853         2535663        2717 CYPRESS AVENUE
 STOCKTON                                CA         95207           13,350
    13,214.22       14.99        115,000       115,769        1,150
 96/05/22       11/06/04          180       174       112.28
 Y       SFR          C          2
 560594244         2535664        1160 BORDER AVENUE #B6
 CORONA                                  CA         91720           25,000
    25,000.00       14.25        145,000       112,602        1,854
 96/11/19       11/12/26          180       180        94.90
 Y       COND         C          2
 560606524         2535665        21 ENCANTADO CANYON
 RANCHO SANTA MARGARITA                  CA         92688           40,000
    39,636.91       13.25        200,000       186,076        2,585
 96/07/26       11/08/09          180       176       113.04
 Y       SFR          C          2
 560624447         2535666        2417 RIVERSIDE PL
 LOS ANGELES                             CA         90039           30,000
    29,643.26       13.75        137,449        97,500        2,694
 96/08/29       06/09/23          120       117        92.76
 Y       SFR          C          2
 560576550         2535667        4179 FLORENCE STREET
 SIMI VALLEY                             CA         93063           50,000
    49,964.37       14.25        155,000       141,508        1,762
 96/09/22       21/10/01          300       298       123.55
 Y       SFR          C          2
 560579703         2535668        41018 RIVEROCK LANE
 PALMDALE                                CA         93551           20,000
    19,926.77       12.99        165,000       177,057        1,863
 96/09/24       11/10/01          180       178       119.43
 Y       SFR          C          2
 5605836711        2535669        26671 TOPSAIL LANE
 HELENDALE                               CA         92342           30,000
    29,752.55       14.25        125,000       112,847        1,687
 96/06/18       11/06/28          180       174       114.28
 Y       SFR          C          2
 560547707         2535670        425 SLOCUM DRIVE
 FOLSOM                                  CA         95630           30,000
    29,976.57       13.75        135,000       120,041        1,667
 96/09/06       21/10/03          300       298       111.14
 Y       SFR          C          2
 560571120         2535671        9323 SEABECK AVENUE
 BAKERSFIELD                             CA         93312           26,000
    25,910.14       13.75        103,000        93,870        1,572
 96/08/09       16/08/16          240       236       116.38
 Y       SFR          C          2
 560573783         2535672        703 N. ROANNE STREET
 ANAHEIM                                 CA         92801           26,000
    25,772.03       14.49        149,900       141,767        2,841
 96/04/16       16/04/25          240       232       111.92
 Y       SFR          C          2
 5604773771        2535673        5329 EAST TISBURY COUR
 ANAHEIM                                 CA         92807           60,000
    59,480.74       13.75        475,000       375,000        5,179
 96/05/28       11/06/06          180       174        91.58
 Y       SFR          C          2
 5605358871        2535674        629 MARIN AVENUE
 MODESTO                                 CA         95358           27,500
    27,470.41       14.25        111,750       104,000        1,283
 96/08/26       21/09/15          300       297       117.67
 Y       SFR          C          2
 560544483         2535675        10505 95TH STREET SOUT
 TACOMA                                  WA         98498           50,000
    49,900.18       14.99        151,000       134,267        2,281
 96/07/25       21/08/01          300       296       122.03
 Y       SFR          C          2

 
 560474371         2535676        2311 OTTER CREEK LANE
 OXNARD                                  CA         93030           25,000
    24,653.94       14.25        214,000       199,720        3,093
 96/08/28       06/09/19          120       117       105.01
 Y       SFR          C          2
 560477020         2535677        9234 BALFOUR STREET
 PICO RIVERA                             CA         90660           25,000
    24,776.49       14.49        166,000       140,792        1,683
 96/05/29       16/06/13          240       234        99.87
 Y       SFR          C          2
 560444735         2535678        5014 PAGE MILL DRIVE
 SAN JOSE                                CA         95111           60,000
    59,922.15       15.25        206,000       197,305        2,184
 96/08/22       16/09/26          240       237       124.91
 Y       SFR          C          2
 560460159         2535679        201 T STREET
 BAKERSFIELD                             CA         93304           39,800
    39,767.90       13.75         72,000        48,644        1,083
 96/08/20       21/10/09          300       298       122.84
 Y       SFR          C          2
 560471693         2535680        1426 SOUTH FARBER AVEN
 GLENDORA                                CA         91740           30,000
    29,812.53       14.75        169,000       161,400        2,501
 96/08/06       11/09/01          180       177       113.25
 Y       SFR          C          2
 560361193         2535681        1725 KERN STREET
 PORT HUENEME                            CA         93041           47,000
    47,000.00       15.50        159,000       127,200        2,459
 96/10/29       16/12/13          240       240       109.56
 Y       SFR          C          2
 560409329         2535682        4284 SNOOPY COURT NORT
 SALEM                                   OR         97301           40,000
    39,967.42       15.75         95,000        78,000        1,351
 96/09/10       21/09/16          300       297       124.21
 Y       SFR          C          2
 560436061         2535683        13636 RAMONA BOULEVARD
 BALDWIN PARK                            CA         91706           20,000
    19,681.08       13.75        120,000        93,343        1,511
 96/07/25       06/08/07          120       116        94.45
 Y       COND         C          2
 560351650         2535684        14095 PINECREST STREET
 LATHROP                                 CA         95330           47,400
    47,400.00       13.75        158,000       149,486        2,044
 96/10/07       21/11/01          300       300       124.61
 Y       SFR          C          2
 560353289         2535685        23981 RALEIGH STREET
 LAKE FOREST                             CA         92630           29,500
    29,416.85       14.75        185,000       173,623        2,857
 96/07/01       16/08/01          240       236       109.80
 Y       SFR          C          2
 560357790         2535686        1741 EAST EASTBROOK AV
 TULARE                                  CA         93274           40,000
    39,660.85       14.49        114,000        91,655        2,196
 96/06/01       16/06/13          240       234       115.49
 Y       SFR          C          2
 560297028         2535687        104 COOL SPRINGS COURT
 FOLSOM                                  CA         95630           69,000
    68,729.63       13.75        192,250       171,000        4,523
 96/10/09       06/10/24          120       118       124.84
 Y       SFR          C          2
 560331217         2535688        16285 MALLORY DRIVE
 FONTANA                                 CA         92335           35,000
    34,986.41       13.75        120,000       106,398        1,391
 96/10/18       21/11/01          300       299       117.83
 Y       SFR          C          2
 560338237         2535689        8919 S. 12TH AVENUE
 INGLEWOOD                               CA         90305           50,000
    49,770.28       14.99        165,000       149,987        1,720
 96/09/10       21/09/25          300       297       121.20
 Y       SFR          C          2

 
 560292089         2535690        970 S. NAVANO STREET
 COLTON                                  CA         92324           40,000
    39,931.21       14.25        155,000       151,659        3,314
 96/07/01       21/08/06          300       296       123.65
 Y       SFR          C          2
 560295231         2535691        6507 EAST MARENGO DRIV
 ANAHEIM                                 CA         92807           75,000
    74,808.26       14.99        256,201       224,098        6,512
 96/09/09       21/09/13          300       297       116.74
 Y       SFR          C          2
 560255060         2535692        3454 GWINNETT DRIVE
 RIVERSIDE                               CA         92503           30,000
    29,976.57       13.75        120,000       116,355        1,538
 96/10/04       21/10/15          300       298       121.96
 Y       SFR          C          2
 560255294         2535693        8416 SNOW WHITE DRIVE
 EL CAJON                                CA         92021           15,000
    14,988.33       16.00        135,000       132,661        1,428
 96/08/22       21/09/07          300       297       109.38
 Y       SFR          C          2
 560273941         2535694        2325 MILLCREEK DRIVE
 MODESTO                                 CA         95351           29,900
    29,794.40       14.75        175,000       133,726        3,263
 96/07/19       11/09/16          180       177        93.50
 Y       SFR          C          2
 560172160         2535695        37357 DALZELL STREET
 PALMDALE                                CA         93550           22,500
    22,430.62       15.75        111,000       113,371        1,374
 96/06/28       16/07/17          240       235       122.41
 Y       SFR          C          2
 560193108         2535696        3525 DESERET DRIVE
 STOCKTON                                CA         95209           35,000
    34,985.75       13.50        130,000       126,000        3,196
 96/10/21       21/11/15          300       299       123.85
 Y       SFR          C          2
 560215362         2535697        1827 W. ARLINGTON STRE
 LONG BEACH                              CA         90810           25,000
    24,828.75       14.99        175,000       170,020        2,306
 96/03/27       16/04/15          240       232       111.44
 Y       SFR          C          2
 560137010         2535698        407 WILSON AVENUE
 MODESTO                                 CA         95354           34,000
    33,816.85       13.25        120,000        79,841        1,184
 96/08/30       11/09/19          180       177        94.87
 Y       SFR          C          2
 560140373         2535699        2714 ALTA MIRA CIRCLE
 WEST COVINA                             CA         91792           34,000
    33,958.27       13.50        170,000       123,093        1,268
 96/08/20       21/09/18          300       297        92.41
 Y       SFR          C          2
 560146745         2535700        10504 LA CRESENTA DRIV
 BAKERSFIELD                             CA         93312           52,000
    51,818.73       13.50         92,495        62,782        1,964
 96/09/09       11/10/07          180       178       124.10
 Y       SFR          C          2
 560112975         2535701        3837 CANTERBURY ROAD
 RIVERSIDE                               CA         92504           40,000
    39,761.22       15.49        115,000       102,222        2,080
 96/07/26       11/08/02          180       176       123.67
 Y       SFR          C          2
 560118563         2535702        1502 CONDOR AVENUE
 EL CAJON                                CA         92019           40,000
    39,776.29       14.99        131,000       114,000        1,362
 96/05/07       16/05/13          240       233       117.56
 Y       SFR          C          2
 560082109         2535703        3591 FALLON ROAD
 HOLLISTER                               CA         95023           75,000
    75,000.00       13.75        286,000       224,857        2,480
 96/11/23       16/12/15          240       240       104.85
 Y       SFR          C          2

 
 560112129         2535704        8757 CROSSWAY COURT #7
 SANTEE                                  CA         92071           30,000
    29,921.90       13.25        115,000        83,487        1,381
 96/09/24       16/10/04          240       238        98.68
 Y       COND         C          2
 559986599         2535705        5801 ROBERTS AVENUE
 OAKLAND                                 CA         94605           27,500
    27,500.00       14.25        185,000       144,845        1,932
 96/11/18       21/12/15          300       300        93.16
 Y       SFR          C          2
 560040137         2535706        16248 PLUMMER STREET
 NORTH HILLS                             CA         91343           38,100
    37,913.69       14.25        150,000       133,103        1,700
 96/08/28       11/08/28          180       176       114.14
 Y       SFR          C          2
 560067133         2535707        23911 PINE SMOKE PLACE
 MORENO VALLEY                           CA         92557           35,000
    34,604.21       14.49        170,000       140,035        1,962
 96/02/09       16/02/27          240       230       102.96
 Y       SFR          C          2
 559976263         2535708        2720 NORTH GENEVIEVE S
 SAN BERNARDINO                          CA         92405           20,000
    19,897.34       13.75         86,500        84,232        1,152
 96/08/22       11/09/01          180       177       120.50
 Y       SFR          C          2
 559981447         2535709        10126 BEDFORD DRIVE
 RANCHO CUCAMONGA                        CA         91730           35,900
    35,873.15       13.99        122,000       116,583        2,185
 96/10/05       21/10/15          300       298       124.99
 Y       SFR          C          2
 559948887         2535710        40111 CANNES COURT
 TEMECULA                                CA         92591           30,000
    29,904.66       14.99        185,000       168,281        2,566
 96/06/29       16/07/05          240       235       107.18
 Y       SFR          C          2
 559959167         2535711        1613 CHRISTINE AVENUE
 SIMI VALLEY                             CA         93063           18,000
    17,953.04       15.75        146,000       141,389        2,081
 96/06/21       16/07/19          240       235       109.17
 Y       SFR          C          2
 559966147         2535712        18210 BELLORITA STREET
 ROWLAND HEIGHTS                         CA         91748           45,000
    44,816.78       13.75        155,200       138,011        2,270
 96/06/19       16/06/28          240       234       117.92
 Y       SFR          C          2
 559906060         2535713        915 FIRETHORN STREET
 SAN DIEGO                               CA         92154           43,000
    42,662.10       14.75        153,000       138,048        2,148
 96/07/03       11/07/10          180       175       118.33
 Y       SFR          C          2
 559923896         2535714        812 VISTA ARRIAGO
 CAMARILLO                               CA         93012           45,000
    44,927.98       13.75        225,000       176,886        2,082
 96/10/15       16/10/25          240       238        98.62
 Y       SFR          C          2
 559935479         2535715        3115 CAMINITO LANE
 PALMDALE                                CA         93550           21,000
    20,972.43       16.00        125,000       123,563        2,323
 96/07/08       21/07/15          300       295       115.65
 Y       SFR          C          2
 559886817         2535716        34 CAINE AVENUE
 SAN FRANCISCO                           CA         94112           25,000
    24,807.01       14.49        135,000       101,250        1,212
 96/06/18       11/08/27          180       176        93.52
 Y       SFR          C          2
 559900924         2535717        435 EAST CHUCKWALLA RO
 PALM SPRINGS                            CA         92262           40,000
    39,879.11       14.25         80,000        57,407        1,198
 96/08/07       16/08/15          240       236       121.76
 Y       SFR          C          2

 
 559903876         2535718        33203 CALLE MIRA COPA
 TEMECULA                                CA         92592           40,000
    39,806.56       14.75        140,000       133,000        1,758
 96/08/18       16/08/27          240       236       123.57
 Y       SFR          C          2
 559849231         2535719        7648 EAGLE POINT WAY
 ANTELOPE                                CA         95843           30,000
    28,834.73       14.75        160,000       150,059        1,448
 96/07/03       16/07/15          240       235       112.54
 Y       SFR          C          2
 559882629         2535720        313 WEST 10TH PLACE
 BEAUMONT                                CA         92223           25,000
    24,819.44       13.25        145,000       115,335        1,349
 96/07/10       11/08/01          180       176        96.78
 Y       SFR          C          2
 559883723         2535721        129 S. GARDENGLEN STRE
 WEST COVINA                             CA         91790           35,000
    34,764.10       14.99        144,000       134,929        1,900
 96/05/24       16/06/01          240       234       118.01
 Y       SFR          C          2
 559768865         2535722        315 APPALOOSA DRIVE
 PASO ROBLES                             CA         93446           34,400
    34,247.93       13.99        154,000       146,000        1,905
 96/07/24       21/08/01          300       296       117.14
 Y       SFR          C          2
 559808569         2535723        24730 FRAMPTON AVENUE
 HARBOR CITY                             CA         90710           60,000
    59,869.43       14.50        221,000       213,270          268
 96/08/14       16/09/01          240       237       123.65
 Y       COND         C          2
 559743577         2535724        3805 TEEK COURT
 CERES                                   CA         95307           30,000
    30,000.00       13.99        130,000       111,063        1,901
 96/10/02       16/11/14          240       240       108.51
 Y       SFR          C          2
 559758646         2535725        2792 OAK HILL DRIVE
 ONTARIO                                 CA         91761           40,000
    39,869.65       13.75        170,000       149,289        2,978
 96/07/18       16/08/20          240       236       111.35
 Y       SFR          C          2
 559760121         2535726        6113 DIAMOND STREET
 PALMDALE                                CA         93552           15,000
    14,896.74       13.75        111,000       114,000        1,850
 96/07/31       11/08/13          180       176       116.22
 Y       SFR          C          2
 559657109         2535727        2243 BURNING TREE DRIV
 CORONA                                  CA         91720           30,000
    29,881.97       14.00        149,500       145,617        1,626
 96/06/18       16/07/01          240       235       117.47
 Y       SFR          C          2
 559684108         2535728        1360 LE CONTE DRIVE
 RIVERSIDE                               CA         92507           16,000
    15,974.38       13.75        115,000       108,938        1,293
 96/08/08       16/09/25          240       237       108.64
 Y       SFR          C          2
 559712533         2535729        1523 KURTZ STREET
 OCEANSIDE                               CA         92054           30,000
    29,952.59       13.75        160,000       151,602        1,672
 96/08/01       21/08/26          300       296       113.50
 Y       SFR          C          2
 559637250         2535730        979 OAKBROOK DRIVE
 FAIRFIELD                               CA         94533           25,000
    24,965.62       15.50        142,000       144,000        2,135
 96/10/10       16/11/01          240       239       119.01
 Y       SFR          C          2
 559654417         2535731        2865 EAST JACKOSN AVEN
 ANAHEIM                                 CA         92806           30,000
    29,791.46       13.25        127,000       116,000        1,503
 96/10/10       11/10/23          180       178       114.96
 Y       COND         C          2

 
 559609750         2535732        604 GALENA STREET
 EL CAJON                                CA         92019           75,000
    75,000.00       13.25        168,000       123,104        2,415
 96/10/11       21/12/25          300       300       117.92
 Y       SFR          C          2
 559620185         2535733        802 EAST JOEL STREET
 CARSON                                  CA         90745           60,000
    59,713.37       14.49        157,000       105,414        2,662
 96/10/03       11/10/10          180       178       105.36
 Y       SFR          C          2
 559625887         2535734        3136 SANDALWOOD COURT
 LAFAYETTE                               CA         94549           67,000
    66,980.29       15.25        380,000       310,416        3,136
 96/10/21       21/11/01          300       299        99.32
 Y       SFR          C          2
 559497655         2535735        12980 DARTMOUTH COURT
 VICTORVILLE                             CA         92392           20,800
    20,775.19       14.00        103,973       100,478        1,464
 96/09/20       21/10/15          300       298       116.64
 Y       SFR          C          2
 559499244         2535736        4105 GRIMSBY LANE
 RIVERSIDE                               CA         92505           30,000
    29,977.73       14.25        107,000       101,000        1,499
 96/10/11       16/11/01          240       239       122.43
 Y       SFR          C          2
 559501659         2535737        3101 DALE STREET
 SAN DIEGO                               CA         92104           75,000
    74,863.15       15.75        195,000       141,662        1,624
 96/08/30       16/09/18          240       237       111.11
 Y       SFR          C          2
 559472293         2535738        32221 CAMINO GUARDA
 TEMECULA                                CA         92592           75,000
    74,452.59       13.25        224,500       185,487        2,658
 96/08/14       11/09/11          180       177       116.03
 Y       SFR          C          2
 559481198         2535739        712 VALHALLA DRIVE
 COLUMBIA                                SC         29223           50,000
    49,954.74       16.75        174,000       133,000        1,709
 96/08/12       21/08/16          300       296       105.17
 Y       SFR          C          2
 559491136         2535740        10126 MONTARA AVENUE
 SOUTH GATE                              CA         90280           25,000
    24,286.89       15.75        157,003       141,000        1,794
 96/06/12       16/06/21          240       234       105.73
 Y       SFR          C          2
 559410644         2535741        13811 PHILADELPHIA STR
 WHITTIER                                CA         90601           60,000
    59,929.29       13.75        341,698       291,992        4,586
 96/08/15       21/09/12          300       297       103.01
 Y       SFR          C          2
 559374704         2535743        59 FLEURANCE STREET
 LAGUNA NIGUEL                           CA         92677           36,000
    35,810.64       13.25        159,000       148,276        1,879
 96/06/17       16/06/27          240       234       115.90
 Y       COND         C          2
 559398864         2535744        22475 RIO ALISO
 LAKE FOREST                             CA         92630           37,500
    37,441.07       14.50        215,000       195,000        2,335
 96/10/01       11/11/01          180       179       108.14
 Y       SFR          C          2
 559312099         2535745        6303 DEL AMO BOULEVARD
 LAKEWOOD                                CA         90713           33,000
    33,000.00       13.75        165,000       119,310        1,726
 96/10/29       11/12/13          180       180        92.31
 Y       SFR          C          2
 559332548         2535746        1541 W. 145TH STREET #
 GARDENA                                 CA         90247           20,000
    19,990.62       16.49         85,000        77,050        1,112
 96/09/20       21/10/01          300       298       114.18
 Y       SFR          C          2

 
 559353148         2535747        18041 LONGHORN LANE
 CHINO HILLS                             CA         91709           50,000
    49,919.46       14.25        180,000       174,637        3,679
 96/10/14       11/10/25          180       178       124.80
 Y       SFR          C          2
 559274951         2535748        3330 WYOMING CIRCLE
 COSTA MESA                              CA         92626           32,000
    31,545.63       14.99        205,000       180,467        2,368
 96/05/09       16/05/24          240       233       103.64
 Y       SFR          C          2
 559275224         2535749        29616 ABELIA ROAD
 CANYON COUNTRY                          CA         91351           38,000
    37,970.31       13.75        225,000       157,400        1,977
 96/09/18       21/09/27          300       297        86.84
 Y       SFR          C          2
 559278716         2535750        5530 SPANISH OAK LANE
 AGOURA HILLS                            CA         91301           30,000
    29,856.68       14.49        160,000       147,806        2,569
 96/09/06       11/09/13          180       177       111.13
 Y       COND         C          2
 559176906         2535751        3529 SANFORD STREET
 CONCORD                                 CA         94520           49,000
    48,972.24       15.49        194,000       145,500        2,856
 96/10/09       21/10/15          300       298       100.26
 Y       SFR          C          2
 559190128         2535752        855 N. SAN ANTONIO AVE
 ONTARIO                                 CA         91762           20,000
    19,859.06       14.25        145,005       137,517        2,173
 96/08/01       16/08/16          240       236       108.63
 Y       SFR          C          2
 559156225         2535754        929 EAST EL CAMINO REA
 SUNNYVALE                               CA         94087           75,000
    74,866.83       13.25        264,500       168,000        4,805
 96/10/18       11/11/22          180       179        91.87
 Y       COND         C          2
 559174572         2535755        487 EAST MERLE COURT
 SAN LEANDRO                             CA         94577           29,000
    29,000.00       13.25        210,000       197,000        3,382
 96/11/04       21/12/15          300       300       107.62
 Y       SFR          C          2
 559136391         2535756        1120 NORTH GARFIELD
 PASADENA                                CA         91104           49,656
    49,527.60       13.25        200,000       191,071        2,291
 96/08/13       16/09/26          240       237       120.36
 Y       SFR          C          2
 559151302         2535757        383 NANCY LANE
 SAN JOSE                                CA         95122           25,000
    24,837.27       16.75        190,000       152,220           15
 96/07/16       11/07/16          180       175        93.27
 Y       SFR          C          2
 559151923         2535758        714 KIRKWOOD COURT
 LOS BANOS                               CA         93635           29,800
    29,563.09       14.99        103,000        95,161        1,378
 96/06/10       16/06/14          240       234       121.32
 Y       SFR          C          2
 559067174         2535759        3011 WINDMILL CANYON D
 CLAYTON                                 CA         94517           25,000
    24,989.36       13.25        335,000       118,000        3,387
 96/10/30       21/11/15          300       299        42.69
 Y       SFR          C          2
 559082188         2535760        168 N. MOUNTAIN TRAIL
 SIERRA MADRE                            CA         91024           49,900
    49,544.43       15.75        230,000       183,704        2,673
 96/07/09       11/07/16          180       175       101.57
 Y       SFR          C          2
 559044108         2535761        8041 MORGAN HILL WAY
 SACRAMENTO                              CA         95828           35,000
    34,938.44       13.49        145,000       136,506        3,467
 96/10/15       11/10/21          180       178       118.28
 Y       SFR          C          2

 
 559065865         2535762        3326 HACIENDA WAY
 ANTIOCH                                 CA         94509           48,600
    48,482.64       13.75        146,000       125,191        1,856
 96/08/16       16/09/04          240       237       119.03
 Y       SFR          C          2
 558989467         2535763        11714 CALIFA STREET
 NORTH HOLLYWOOD                         CA         91607           50,000
    48,045.68       15.75        195,000       144,892        2,952
 96/07/16       11/08/01          180       176        99.94
 Y       SFR          C          2
 559027659         2535764        1042 MAPLE AVENUE
 VALLEJO                                 CA         94591           25,000
    24,630.63       14.99        116,000       114,712        1,460
 96/07/19       06/08/01          120       116       120.44
 Y       SFR          C          2
 559028445         2535765        8525 ORGANDY LANE
 SANTEE                                  CA         92071           25,000
    24,868.45       16.49        176,500       146,591        1,989
 96/07/09       11/07/17          180       175        97.22
 Y       SFR          C          2
 558968335         2535766        26852 TROTTER DRIVE
 TEHACHAPI                               CA         93561           25,000
    24,376.52       14.25        130,000       101,423        1,698
 96/08/16       16/08/26          240       236        97.25
 Y       SFR          C          2
 558971951         2535767        4914 CROWN AVENUE
 LA CANADA FLINTRIDGE                    CA         91011           50,000
    49,796.47       13.75        248,000       204,378        1,987
 96/07/12       16/07/22          240       235       102.57
 Y       SFR          C          2
 558981265         2535768        8213 MULRANY WAY
 EL CAJON                                CA         92020           25,000
    24,903.74       14.49        144,000       141,410        2,263
 96/06/27       16/07/10          240       235       115.56
 Y       SFR          C          2
 558924211         2535769        11 BLUE POINT
 ALISO VIEJO                             CA         92656           38,700
    38,700.00       14.25        185,000       178,082        3,133
 96/11/14       11/12/02          180       180       117.18
 Y       COND         C          2
 558924488         2535770        15712 SOPHOMORE COURT
 MOORPARK                                CA         93021           30,000
    29,895.97       13.25        227,000       215,849        2,586
 96/07/10       16/08/07          240       236       108.30
 Y       SFR          C          2
 558957025         2535771        9543 CHARLESWORTH ROAD
 PICO RIVERA                             CA         90660           16,000
    15,942.86       13.25        185,000       134,899        1,362
 96/09/03       11/10/15          180       178        81.57
 Y       SFR          C          2
 558877517         2535772        8248 MADISON AVENUE
 FAIROAKS                                CA         95628           25,000
    24,808.07       14.99         89,500        83,707        1,095
 96/06/13       11/06/21          180       174       121.46
 Y       SFR          C          2
 558878774         2535773        1711 BONNAIRE CIRCLE
 STOCKTON                                CA         95210           35,000
    34,980.17       15.49        120,000       113,964        1,752
 96/10/02       21/10/09          300       298       124.14
 Y       SFR          C          2
 558893966         2535774        161 EAST UPJOHN AVENUE
 RIDGECREST                              CA         93555           24,000
    23,969.89       15.49         75,000        55,419        1,335
 96/10/02       16/10/15          240       238       105.89
 Y       SFR          C          2
 558864880         2535775        7721 SANTA BARBARA DRI
 GILROY                                  CA         95020           35,000
    35,000.00       13.75        217,750       201,730        3,464
 96/10/22       16/12/04          240       240       108.72
 Y       SFR          C          2

 
 558868896         2535776        6 COMSTOCK QUEEN COURT
 MOUNTAIN VIEW                           CA         94043           40,000
    39,942.32       14.50        190,000       175,465        2,268
 96/09/11       16/10/01          240       238       113.40
 Y       SFR          C          2
 558839800         2535777        4800 SAVIERS ROAD
 OXNARD                                  CA         93033           33,000
    32,947.17       13.75        135,000       130,719        2,184
 96/09/10       16/10/07          240       238       121.27
 Y       SFR          C          2
 558849349         2535778        2072 SUNDANCE LANE
 MADERA                                  CA         93637           40,000
    39,510.15       13.25        127,500       118,000        1,602
 96/09/12       06/09/27          120       117       123.92
 Y       SFR          C          2
 558861476         2535779        3414 LOGAN STREET
 LA VERNE                                CA         91750           50,000
    49,754.53       13.99        280,000       170,087        3,240
 96/06/03       16/06/19          240       234        78.60
 Y       SFR          C          2
 558804564         2535780        10908 SINCLAIR STREET
 RANCHO CUCAMONGA                        CA         91701           22,050
    21,931.22       13.25        176,006       158,400        2,227
 96/08/09       11/08/23          180       176       102.52
 Y       SFR          C          2
 558818950         2535781        1361 N. ALEXIS DRIVE
 HIGLEY                                  AZ         85236           40,000
    39,567.00       12.99        142,000       125,198        1,741
 96/04/10       16/04/17          240       232       116.34
 Y       SFR          C          2
 558824659         2535782        1713 WICKLOW WAY
 HENDERSON                               NV         89015           33,500
    32,924.40       14.49        173,180       173,316        2,259
 96/04/11       16/05/02          240       233       119.42
 Y       SFR          C          2
 558803410         2535783        106 DOGWOOD STREET
 HENDERSON                               NV         89105           40,800
    40,786.82       14.75         90,000        71,700        1,428
 96/10/22       21/11/05          300       299       125.00
 Y       SFR          C          2
 558804558         2535784        5803 EAST MOUNTAIN LOO
 ANAHEIM                                 CA         92807           50,000
    49,913.47       13.25        205,000       198,734        3,556
 96/07/11       21/08/01          300       296       121.33
 Y       COND         C          2
 558735773         2535785        1774 5TH STREET
 LA VERNE                                CA         91750           32,500
    32,372.40       13.75        149,000       146,473        2,523
 96/10/03       06/10/24          120       118       120.12
 Y       SFR          C          2
 558741847         2535786        8447 SUNRISE AVENUE
 LA MESA                                 CA         91941           50,000
    49,971.04       16.00        167,500       156,588        2,871
 96/10/29       16/11/13          240       239       123.34
 Y       SFR          C          2
 558758918         2535787        2640 W. HOLLY AVENUE
 LA HABRA                                CA         90631           40,000
    39,514.64       11.99        184,000       143,780        2,291
 96/06/14       11/06/28          180       174        99.88
 Y       SFR          C          2
 558704915         2535788        2213 OLD CREEK CIRCLE
 PITTSBURG                               CA         94565           40,000
    39,933.73       13.50        158,000       148,995        1,855
 96/09/12       16/10/22          240       238       119.62
 Y       SFR          C          2
 558731835         2535790        12725 WILKES WAY
 LAKEWOOD                                CA         90715           50,000
    49,567.37       14.25        210,000       158,400        1,268
 96/08/01       16/08/15          240       236        99.24
 Y       SFR          C          2

 
 558636859         2535791        1241 LAKEVIEW AVENUE
 LA HABRA                                CA         90631           30,000
    29,806.07       14.40        216,000       185,788        2,856
 96/07/20       11/08/09          180       176        99.90
 Y       SFR          C          2
 558644632         2535792        10017 MEADOWDALE WAY
 ELK GROVE                               CA         95624           30,000
    29,921.15       15.25        135,000       130,156        3,369
 96/07/15       16/07/24          240       235       118.63
 Y       SFR          C          2
 558645974         2535793        6387 LAKE COMO AVENUE
 SAN DIEGO                               CA         92119           27,000
    26,741.82       14.75        180,000       156,809        1,686
 96/07/27       16/08/01          240       236       102.12
 Y       SFR          C          2
 558604720         2535794        247 ROUNDUP ROAD
 GLENDORA                                CA         91741           65,000
    64,948.27       13.75        285,000       186,065        2,564
 96/10/31       16/11/07          240       239        88.09
 Y       SFR          C          2
 558609478         2535795        2640 RIDGECREST AVENUE
 NORCO                                   CA         91760           27,500
    27,358.81       13.75        106,000       100,310        1,538
 96/09/11       11/09/15          180       177       120.58
 Y       SFR          C          2
 558619056         2535796        3723 TROJES AVENUE
 BAKERSFIELD                             CA         93313           39,675
    38,827.10       13.75        135,000       126,744        1,771
 96/07/10       16/08/01          240       236       123.27
 Y       SFR          C          2
 558573604         2535797        709 CANYON COUNTRY CIR
 HENDERSON                               NV         89015           37,000
    36,989.11       15.25        130,000       116,869        1,482
 96/10/19       21/11/27          300       299       118.36
 Y       SFR          C          2
 558575262         2535798        16211 DOWNEY AVENUE #1
 PARAMOUNT                               CA         90723           16,500
    16,453.48       14.75         80,850        75,344        1,061
 96/08/15       16/08/27          240       236       113.60
 Y       SFR          C          2
 558594553         2535799        6001 EAST BLUEBONNET C
 ORANGE                                  CA         92669           28,000
    27,978.12       13.75        228,790       205,427        2,758
 96/09/24       21/10/16          300       298       102.03
 Y       SFR          C          2
 558511747         2535800        7448 GRAND OAKS BOULEV
 CITRUS HEIGHTS                          CA         95621           15,000
    15,000.00       14.25         75,500        74,400          962
 96/11/12       11/12/02          180       180       118.41
 Y       SFR          C          2
 5585560211        2535801        8540 CEDAR DRIVE
 BUENA PARK                              CA         90620           25,000
    24,947.46       14.75        171,000       162,000        2,072
 96/08/22       16/09/09          240       237       109.36
 Y       SFR          C          2
 558556926         2535802        1331 SOUTH BLUFF DRIVE
 ROSEVILLE                               CA         95678           23,400
    23,073.58       16.00        153,000       151,917        1,839
 96/08/01       06/08/20          120       116       114.59
 Y       SFR          C          2
 558468970         2535803        1411 SOUTH DELAMERE DR
 ROWLAND HEIGHTS                         CA         91748           70,000
    69,842.26       14.25        164,000       120,155        3,639
 96/09/15       16/08/28          240       236       115.95
 Y       SFR          C          2
 5584765751        2535804        1352 SOUTH 7TH AVENUE
 HACIENDA HEIGHTS                        CA         91745           60,000
    59,860.02       14.00        295,000       238,491        2,390
 96/08/14       16/08/23          240       236       101.18
 Y       SFR          C          2

 
 558478536         2535805        3215 WEST MENDOCINO AV
 STOCKTON                                CA         95204           20,000
    19,960.83       15.25        100,000        87,689        1,081
 96/08/07       16/08/14          240       236       107.69
 Y       SFR          C          2
 558438953         2535806        13012 EDDERTON AVENUE
 LA MIRADA                               CA         90638           32,300
    32,300.00       14.25        164,250       150,532        1,760
 96/11/12       21/11/15          300       300       111.31
 Y       SFR          C          2
 558452940         2535807        255O ATLAS AVENUE
 SACRAMENTO                              CA         95820           20,000
    19,982.10       15.25         74,000        65,974          875
 96/08/16       21/09/01          300       297       116.18
 Y       SFR          C          2
 558459887         2535808        41244 VIA CEDRO
 MURRIETA                                CA         92562           16,000
    15,689.25       14.50         88,000        89,760        1,588
 96/07/05       06/07/15          120       115       120.18
 Y       SFR          C          2
 558435092         2535809        4899 SERRANO PLACE
 RIVERSIDE                               CA         92504           25,500
    25,368.11       15.49        102,000       101,052        2,029
 96/05/23       16/06/05          240       234       124.07
 Y       SFR          C          2
 558436757         2535810        741 VIEWTOP LANE
 CORONA                                  CA         91719           30,000
    29,853.25       15.00        150,000       139,446        1,926
 96/09/11       11/09/15          180       177       112.96
 Y       SFR          C          2
 572949024         2535811        10910 RED CEDAR DRIVE
 SAN DIEGO                               CA         92131           41,359
    41,202.02       13.25        250,247       233,853        2,678
 96/08/28       16/09/23          240       237       109.98
 Y       SFR          C          2
 572964980         2535812        2344 MINUTE MAN WAY
 COSTA MESA                              CA         92626           40,000
    39,962.45       14.99        148,300       144,175        1,826
 96/09/09       21/09/13          300       297       124.19
 Y       SFR          C          2
 572977996         2535813        460 MICHELE DRIVE
 SAN PABLO                               CA         94806           23,000
    22,985.66       15.49        120,000       127,000        1,841
 96/10/18       16/10/25          240       238       125.00
 Y       SFR          C          2
 572862799         2535814        2909 WINDSTORM
 LAS VEGAS                               NV         89106           32,000
    31,842.28       14.99         94,000        85,432        1,090
 96/05/06       16/05/13          240       233       124.93
 Y       SFR          C          2
 572924808         2535815        316 CALLE JUANITA
 SAN MARCOS                              CA         92069           30,000
    29,875.76       14.99        142,100       139,647        1,480
 96/05/07       16/05/15          240       233       119.39
 Y       SFR          C          2
 572926388         2535816        860 CALLE CIRUELO
 THOUSAND OAKS                           CA         91360           36,000
    35,943.41       14.50        158,250       135,705        1,685
 96/10/21       11/11/01          180       179       108.50
 Y       SFR          C          2
 572808764         2535817        13224 THISTLE BROOK DR
 MORENO VALLEY                           CA         92553           43,000
    42,700.46       13.99        110,000        69,306        2,466
 96/09/09       11/09/13          180       177       102.10
 Y       SFR          C          2
 572811441         2535818        401 WATERVIEW TERRACE
 VALLEJO                                 CA         94591           40,000
    39,608.82       14.49        221,552       179,000        3,507
 96/04/15       16/04/23          240       232        98.85
 Y       SFR          C          2

 
 572769175         2535819        19063 GRANDVIEW AVENUE
 YORBA LINDA                             CA         92686           18,000
    17,903.03       13.25        120,000        90,126        1,172
 96/08/16       11/09/03          180       177        90.11
 Y       COND         C          2
 572786915         2535820        1006 EAST LURAY STREET
 LONG BEACH                              CA         90807           40,000
    39,864.35       14.99        190,000       195,679        2,641
 96/05/17       16/06/03          240       234       124.04
 Y       SFR          C          2
 572802723         2535821        12634 KLING STREET
 STUDIO CITY                             CA         91604           70,000
    69,601.90       13.75        339,000       304,517        3,504
 96/09/26       16/10/15          240       238       110.48
 Y       SFR          C          2
 572744256         2535822        248 BRIGHTON DRIVE
 VALLEJO                                 CA         94591           25,000
    24,908.46       12.99        207,900       179,903        2,108
 96/10/01       11/10/09          180       178        98.56
 Y       SFR          C          2
 572760241         2535823        27418 PASEO SIENNA
 SAN JUAN CAPISTRANO                     CA         92675           36,000
    35,969.19       13.25        148,000       147,483        1,983
 96/10/10       21/10/15          300       298       123.98
 Y       COND         C          2
 572763970         2535824        2833 ALDER POINT DRIVE
 ROSEVILLE                               CA         95661           50,000
    49,968.97       15.00        479,000       364,083        7,446
 96/09/11       21/10/03          300       298        86.45
 Y       SFR          C          2
 572732103         2535825        125 DEMURRAGE WAY
 FOLSOM                                  CA         95630           75,000
    74,943.93       13.99        250,000       200,000        2,606
 96/09/19       21/09/24          300       297       110.00
 Y       SFR          C          2
 572741012         2535826        615 WEST 12TH STREET
 ANTIOCH                                 CA         94509           25,000
    25,000.00       14.75         95,000        85,400        1,271
 96/09/26       16/11/27          240       240       116.21
 Y       SFR          C          2
 572741690         2535827        1948 KESWICK LANE
 CONCORD                                 CA         94518           50,000
    49,898.40       14.99        214,347       167,539        2,259
 96/09/06       16/09/13          240       237       101.49
 Y       SFR          C          2
 572721816         2535828        920 PLACER RIDGE ROAD
 WALNUT CREEK                            CA         94596           45,000
    44,957.77       14.99        530,000       451,165        3,833
 96/09/09       21/09/13          300       297        93.62
 Y       SFR          C          2
 572722552         2535829        4857 BUTTERNUT HOLLOW
 BONITA                                  CA         91902           50,000
    49,816.22       14.49        230,000       217,437        2,768
 96/05/30       16/06/13          240       234       116.28
 Y       SFR          C          2
 572634751         2535830        14290 N.W. PUMPKIN RID
 HILLSBORO                               OR         97124           50,000
    49,966.29       16.75        189,500       178,308        2,749
 96/09/03       21/09/10          300       297       120.48
 Y       SFR          C          2
 572640361         2535831        388 WEST 20TH STREET
 SAN BERNARDINO                          CA         92405           24,000
    23,958.48       13.25         90,000        68,180          912
 96/08/08       21/08/21          300       296       102.42
 Y       SFR          C          2
 572683118         2535832        15162 CACTUS STREET
 HESPERIA                                CA         92345           60,500
    60,083.55       13.75        130,000       101,891        2,394
 96/07/29       11/08/09          180       176       124.92
 Y       SFR          C          2

 
 572589653         2535833        2349 CUSSICK AVENUE
 CHICO                                   CA         95926           62,000
    61,974.80       13.50        280,000       182,097        2,253
 96/10/14       21/11/01          300       299        87.18
 Y       SFR          C          2
 572595740         2535834        995 EAST BROADWAY
 ANAHEIM                                 CA         92805           25,000
    24,923.86       14.25        136,000       132,000        1,534
 96/07/11       16/08/16          240       236       115.44
 Y       COND         C          2
 572620835         2535835        18081 HEATHER WAY
 YORBA LINDA                             CA         92686           75,000
    74,895.58       14.75        330,000       279,000        3,315
 96/08/16       16/10/03          240       238       107.27
 Y       SFR          C          2
 572526849         2535836        7804 VIRTUE VISTA DRIV
 RIVERSIDE                               CA         92509           40,000
    39,701.45       14.99        155,000       147,739        2,165
 96/06/19       16/07/02          240       235       121.12
 Y       SFR          C          2
 572542863         2535837        1020 CALLE MALAGA
 SANTA BARBARA                           CA         93109           28,000
    27,889.84       14.00        360,000       151,616        3,488
 96/07/01       16/07/16          240       235        49.89
 Y       COND         C          2
 572568511         2535838        32138 VIA BANDE
 TEMECULA                                CA         92592           50,000
    49,982.29       14.25        172,379       158,743        2,621
 96/10/24       21/11/01          300       299       121.10
 Y       SFR          C          2
 572515587         2535839        249 SUNNY HALO COURT
 PERRIS                                  CA         92571           39,950
    39,312.92       14.75        120,000       108,457        2,044
 96/07/05       16/07/22          240       235       123.67
 Y       SFR          C          2
 572517686         2535840        7235 DOVER LANE
 DUBLIN                                  CA         94568           50,000
    49,821.44       13.25        202,750       172,000        2,148
 96/09/26       11/10/15          180       178       109.49
 Y       SFR          C          2
 572518058         2535841        60 NORTH 25TH STREET
 SAN JOSE                                CA         95112           30,000
    29,902.79       14.25        186,000       168,000        2,095
 96/09/27       11/10/15          180       178       106.45
 Y       SFR          C          2
 572451507         2535842        16309 NORTHEAST 13TH S
 VANCOUVER                               WA         98684           24,000
    23,969.76       14.99        135,000       128,000        1,490
 96/08/09       21/08/16          300       296       112.59
 Y       SFR          C          2
 572477711         2535843        3576 DURHAM CIRCLE
 OCEANSIDE                               CA         92054           35,000
    34,692.69       14.49        161,000       154,081        2,205
 96/03/22       16/09/15          240       237       117.44
 Y       SFR          C          2
 572513468         2535844        7611 KAVOORAS DRIVE
 SACRAMENTO                              CA         95831           30,000
    29,974.32       13.25        128,000       123,000        1,744
 96/09/24       21/10/15          300       298       119.53
 Y       SFR          C          2
 572397065         2535845        1224 S. PLEASANT AVENU
 LODI                                    CA         95240           68,000
    67,978.99       14.99        148,000       115,981        2,274
 96/10/08       21/10/22          300       298       124.31
 Y       SFR          C          2
 572403080         2535846        611 RAYNER AVENUE
 SPRINGFIELD                             OR         97477           61,300
    60,905.08       16.25        137,500       110,000        3,209
 96/07/26       10/08/01          168       164       124.58
 Y       SFR          C          2

 
 572409551         2535847        7900 TURTLE ISLAND COU
 LAS VEGAS                               NV         89129           20,500
    20,485.29       14.49        113,000       115,883        1,130
 96/10/18       16/10/25          240       238       120.69
 Y       SFR          C          2
 572377810         2535848        182 EDGEWATER LANE
 PASO ROBLES                             CA         93446           30,000
    29,777.37       13.99        151,900       151,050        2,027
 96/06/29       11/07/05          180       175       119.19
 Y       SFR          C          2
 572379047         2535849        27855 CAMP PLENTY ROAD
 CANYON COUNTRY                          CA         91351           30,000
    30,000.00       14.75        159,962       153,316        1,974
 96/11/12       21/12/19          300       300       114.60
 Y       SFR          C          2
 572392219         2535850        328 SOUTH JACKTONE ROA
 RIPON                                   CA         95366           15,000
    14,826.86       14.25        113,000       109,211        1,406
 96/08/19       06/09/10          120       117       109.92
 Y       SFR          C          2
 572356845         2535851        8576 FERN CREST WAY
 ELK GROVE                               CA         95624           32,000
    31,978.17       14.49        177,500       173,000        2,689
 96/10/07       21/10/10          300       298       115.49
 Y       SFR          C          2
 572357061         2535852        3448 MIARS FARM CIRCLE
 CHESAPEAKE                              VA         23321           31,500
    31,400.99       15.00        147,700       150,267        1,698
 96/09/28       11/10/21          180       178       123.06
 Y       SFR          C          2
 572377649         2535853        373 TAMARACK DRIVE
 UNION CITY                              CA         94587           40,000
    39,745.74       15.49        176,000       171,465        2,684
 96/08/08       16/08/16          240       236       120.15
 Y       SFR          C          2
 572339100         2535854        3644 BURNING TREE DRIV
 ONTARIO                                 CA         91761           69,500
    69,500.00       13.75        175,000       147,108        2,211
 96/10/28       21/11/18          300       300       123.78
 Y       SFR          C          2
 572352505         2535855        8235 WESTPORT CIRCLE
 SACRAMENTO                              CA         95828           35,000
    34,666.20       14.49        126,500       122,534        2,442
 96/02/27       16/03/15          240       231       124.53
 Y       SFR          C          2
 572318727         2535856        11162 DEVINE CIRCLE
 RIVERSIDE                               CA         92503           45,300
    45,282.40       13.75        147,621       139,152        2,085
 96/10/15       21/11/15          300       299       124.95
 Y       SFR          C          2
 572319111         2535857        7000 SARANAC STREET #6
 LA MESA                                 CA         91941           18,500
    18,358.13       13.99        109,000        84,871        1,689
 96/07/09       16/07/24          240       235        94.84
 Y       COND         C          2
 572330129         2535858        111 SMILAX ROAD
 VISTA                                   CA         92083           50,000
    49,789.02       15.75        190,000       148,408        2,893
 96/08/10       11/08/23          180       176       104.43
 Y       SFR          C          2
 572270802         2535859        13470 MEYER ROAD #22
 WHITTIER                                CA         90605           25,000
    24,773.05       13.25        120,000       110,413        1,631
 96/07/09       11/07/16          180       175       112.84
 Y       COND         C          2
 572296856         2535860        2515 WEST MONTECITO DR
 RIALTO                                  CA         92377           24,500
    24,380.17       14.25        114,000       117,000        2,174
 96/09/12       11/09/15          180       177       124.13
 Y       SFR          C          2

 
 572311055         2535861        1205 FUHRMAN WAY
 ROSEVILLE                               CA         95747           25,000
    24,839.79       14.49        155,000       125,627        1,585
 96/08/09       11/08/20          180       176        97.18
 Y       SFR          C          2
 572251897         2535862        841 NORTH 5TH STREET
 COEUR D' ALENE                          ID         83814           27,000
    26,970.94       14.25         73,000        61,963        1,167
 96/08/20       21/09/12          300       297       121.87
 Y       SFR          C          2
 572254609         2535863        141 LEONARD DRIVE
 CONCORD                                 CA         94521           62,900
    62,699.17       14.00        190,000       174,511        2,559
 96/09/06       21/10/01          300       298       124.95
 Y       SFR          C          2
 572255009         2535864        8905 RUTHELEN STREET
 LOS ANGELES                             CA         90047           45,000
    44,877.31       14.99        135,000       121,500        2,805
 96/08/05       16/08/14          240       236       123.33
 Y       SFR          C          2
 572154505         2535865        19841 ECHO STREET
 HILMAR                                  CA         95324           25,000
    24,803.53       14.75        110,000       103,000          906
 96/07/10       11/07/17          180       175       116.36
 Y       SFR          C          2
 572195992         2535866        817 VINELAND AVENUE
 LA PUENTE                               CA         91746           32,000
    31,790.10       14.25        162,000       128,552        1,658
 96/07/23       11/08/21          180       176        99.11
 Y       SFR          C          2
 572196589         2535867        9726 WOODHOLLOW WAY
 SACRAMENTO                              CA         95827           32,000
    31,631.81       14.49        101,000        92,681        1,177
 96/03/23       16/04/16          240       232       123.45
 Y       SFR          C          2
 572080193         2535868        107 TINDAL WAY
 FOLSOM                                  CA         95630           62,000
    61,930.07       13.99        215,000       192,023        3,435
 96/09/10       21/09/14          300       297       118.15
 Y       SFR          C          2
 572082830         2535869        4324 BAGGETT DRIVE
 RIVERSIDE                               CA         92505           25,000
    24,951.64       13.75        120,000       117,007        1,329
 96/09/26       21/10/15          300       298       118.34
 Y       SFR          C          2
 572116627         2535870        6249 34TH STREET
 NORTH HIGHLANDS                         CA         95660           35,000
    34,875.31       14.25        131,699       115,195        1,834
 96/07/08       16/07/12          240       235       114.04
 Y       SFR          C          2
 571918696         2535871        1128 SOUTH CORONADO ST
 WEST COVINA                             CA         91792           32,000
    32,000.00       14.50        200,000       178,438        1,769
 96/11/18       21/12/25          300       300       105.22
 Y       SFR          C          2
 571946390         2535872        44256 WATFORD AVENUE
 LANCASTER                               CA         93535           29,000
    28,947.07       15.75        120,000       114,547        2,119
 96/09/05       16/09/14          240       237       119.62
 Y       SFR          C          2
 572063788         2535873        2171 BELDEN PLACE
 ESCONDIDO                               CA         92029           46,000
    45,950.06       16.50        375,000       299,126        2,805
 96/09/10       16/10/01          240       238        92.03
 Y       SFR          C          2
 571908153         2535874        950 NOTRE DAME AVENUE
 CONCORD                                 CA         94518           50,000
    49,973.02       15.75        175,000       139,000        1,962
 96/08/23       21/09/20          300       297       108.00
 Y       SFR          C          2

 
 5719121311        2535875        6765 MESADA STREET
 RANCHO CUCAMONGA                        CA         91730           38,000
    37,871.74       14.25        141,000       131,416        1,568
 96/09/30       11/10/15          180       178       120.15
 Y       SFR          C          2
 571915903         2535876        4907 GREENVILLE CT.
 BAKERSFIELD                             CA         93313           23,700
    23,628.66       15.00         86,000        82,307        1,092
 96/10/08       11/10/23          180       178       123.26
 Y       SFR          C          2
 571865223         2535877        1929 DARTMOOR DRIVE
 LEMON GROVE                             CA         91945           44,000
    43,964.99       13.75        147,000       134,408        2,020
 96/10/18       16/11/12          240       239       121.37
 Y       SFR          C          2
 571881810         2535878        27414 WESTOVER WAY
 VALENCIA                                CA         91354           45,000
    44,932.82       14.25        300,000       272,459        3,900
 96/09/05       16/10/15          240       238       105.82
 Y       SFR          C          2
 571904993         2535879        4672 SIMONE WAY
 CYPRESS                                 CA         90630           50,000
    49,957.36       13.25        195,000       182,810        2,138
 96/10/15       16/11/05          240       239       119.39
 Y       SFR          C          2
 571843840         2535880        14761 REDWOOD STREET
 ADELANTO                                CA         92301           10,001
     9,932.15       14.49         95,978        90,252        1,246
 96/06/15       16/06/21          240       234       104.45
 Y       SFR          C          2
 571851770         2535881        25275 MORNING DOVE WAY
 MORENO VALLEY                           CA         92551           20,000
    19,992.57       13.99         90,000        80,559        1,105
 96/10/21       21/11/08          300       299       111.73
 Y       SFR          C          2
 571810873         2535882        1107 NORTH CHESTNUT AV
 RIALTO                                  CA         92376           10,000
     9,957.78       15.75        129,861       112,718        1,597
 96/09/05       11/10/01          180       178        94.50
 Y       SFR          C          2
 571822118         2535883        2508 38TH AVENUE
 SACRAMENTO                              CA         95822           40,000
    39,338.71       14.49        130,000       112,846        1,893
 96/03/21       16/04/15          240       232       117.57
 Y       SFR          C          2
 571826685         2535884        8723 EL CHAPUL WAY
 FAIR OAKS                               CA         95628           40,000
    39,792.07       14.99        231,000       179,459        2,485
 96/05/24       16/06/01          240       234        95.00
 Y       SFR          C          2
 571789876         2535885        2831 W. CALLE CELESTE
 RIALTO                                  CA         92377           40,000
    39,798.57       14.49        153,000       148,183        2,416
 96/05/09       16/06/01          240       234       123.00
 Y       SFR          C          2
 571810280         2535886        1975 CHERRYWOOD LANE
 COLTON                                  CA         92324           15,000
    14,807.71       14.00        110,000        92,070        1,089
 96/09/07       06/09/24          120       117        97.34
 Y       SFR          C          2
 571762394         2535887        10889 FIRE ISLAND CIRC
 STOCKTON                                CA         95209           49,000
    48,972.30       15.50        155,000       128,000        1,784
 96/09/10       21/09/27          300       297       114.19
 Y       SFR          C          2
 571764691         2535888        4673 BARNES ROAD
 COLORADO SPRINGS                        CO         80917           38,000
    37,935.56       13.75         94,000        70,630        1,077
 96/09/16       21/10/01          300       298       115.56
 Y       SFR          C          2

 
 571787553         2535889        858 LINDEN COURT
 UPLAND                                  CA         91786           44,000
    43,929.12       14.25        140,000       127,352        1,746
 96/11/05       11/11/20          180       179       122.39
 Y       SFR          C          2
 571727206         2535890        2817 NORTHEAST 48TH ST
 VANCOUVER                               WA         98663           40,000
    39,949.90       16.25        121,000       109,404        1,717
 96/07/23       21/08/01          300       296       123.47
 Y       SFR          C          2
 571761166         2535891        523 FAIRWOOD STREET
 DUARTE                                  CA         91010           22,000
    21,969.66       14.50        260,000       211,401        2,373
 96/06/11       21/08/12          300       296        89.77
 Y       SFR          C          2
 571663811         2535892        16355 SOUTH TIMBERLINE
 RENO                                    NV         89511           50,000
    49,943.68       14.00        245,000       247,923        2,470
 96/08/24       21/09/17          300       297       121.60
 Y       SFR          C          2
 571689516         2535893        3630 WADE STREET
 LOS ANGELES                             CA         90066           50,000
    49,946.21       14.25        390,000       285,000        5,236
 96/09/13       21/09/27          300       297        85.90
 Y       SFR          C          2
 571657206         2535895        1001 ARLINGTON LANE
 DALY CITY                               CA         94014           22,000
    21,961.25       14.25        255,000       185,000        3,406
 96/10/29       16/11/22          240       239        81.18
 Y       SFR          C          2
 571660629         2535896        10522 ARLINGTON STREET
 ADELANTO                                CA         92301           17,300
    16,754.89       15.00         90,000        89,975        1,166
 96/08/20       06/08/27          120       116       119.19
 Y       SFR          C          2
 571593462         2535897        1417 EAST 59TH STREET
 LONG BEACH                              CA         90805           10,000
     9,917.52       14.25        104,000       106,302        1,515
 96/07/01       11/07/15          180       175       111.83
 Y       SFR          C          2
 571606258         2535898        3246 REDBUD LANE
 PALMDALE                                CA         93551           40,000
    39,767.59       14.49        180,000       176,702        2,725
 96/05/02       16/06/04          240       234       120.39
 Y       SFR          C          2
 571629175         2535899        2594 RESERVOIR DRIVE
 NORCO                                   CA         91760           50,000
    49,588.72       13.75        158,000       126,000        2,787
 96/08/02       11/08/15          180       176       111.39
 Y       SFR          C          2
 571529883         2535900        4798 ANTELOPE CIRCLE
 FAIRFIELD                               CA         94533           24,999
    24,976.63       15.25        144,000       144,388        2,280
 96/08/12       21/09/01          300       297       117.63
 Y       SFR          C          2
 571576029         2535901        17136 GERMAIN STREET
 GRANADA HILLS                           CA         91344           32,000
    31,607.79       13.75        145,000       129,800        2,007
 96/05/03       11/05/20          180       173       111.59
 Y       SFR          C          2
 571579512         2535902        36301 ENNIS ROAD
 SQUAW VALLEY                            CA         93675           36,000
    35,938.26       13.25        105,000        80,262        1,203
 96/10/01       16/10/25          240       238       110.73
 Y       SFR          C          2
 571490809         2535903        5254 CLYDESDALE WAY
 ANTIOCH                                 CA         94509           40,000
    39,903.99       15.49        163,000       151,922        2,482
 96/09/19       21/10/11          300       298       117.74
 Y       SFR          C          2

 
 571495025         2535904        150 GENEIVE STREET
 CAMARILLO                               CA         93010           40,000
    39,733.30       14.49        163,500       153,555        2,210
 96/04/10       16/04/17          240       232       118.38
 Y       SFR          C          2
 571519412         2535905        4812 VANDERHILL ROAD
 TORRANCE                                CA         90505           65,000
    64,697.29       14.75        280,400       253,423        3,993
 96/09/03       11/09/25          180       177       113.56
 Y       SFR          C          2
 571478294         2535906        1919 HUMMINGBIRD AVENU
 DELANO                                  CA         93215           20,000
    19,935.20       13.75         93,000        87,083        1,367
 96/07/19       16/08/01          240       236       115.14
 Y       SFR          C          2
 571489102         2535907        38553 5TH STREET EAST
 PALMDALE                                CA         93550           16,000
    16,000.00       13.25         60,000        48,087          623
 96/11/06       11/12/15          180       180       106.81
 Y       SFR          C          2
 571490167         2535908        204 WEST OAK PARK DRIV
 CLAREMONT                               CA         91711           43,250
    43,180.32       14.25        137,000       127,830        1,933
 96/11/13       11/11/20          180       179       124.88
 Y       SFR          C          2
 571413322         2535909        444 CITRUS AVENUE
 DALY CITY                               CA         94014           40,000
    39,847.91       14.25        176,250       143,000        1,815
 96/10/03       06/11/18          120       119       103.83
 Y       SFR          C          2
 571419242         2535910        10635 RING AVENUE
 RANCHO CUCAMONGA                        CA         91737           28,600
    28,399.08       13.75        183,000       147,954        2,085
 96/07/24       11/08/07          180       176        96.48
 Y       SFR          C          2
 571476247         2535911        15977 DUBESOR STREET
 VALINDA                                 CA         91744           36,000
    35,937.33       13.25        142,000       141,418        1,530
 96/08/02       21/08/15          300       296       124.94
 Y       SFR          C          2
 571393063         2535912        166 W. 41ST STREET
 LOS ANGELES                             CA         90037           25,000
    24,798.78       15.49        170,000       109,871        1,528
 96/09/10       11/09/24          180       177        79.34
 Y       SFR          C          2
 571396553         2535913        43360 CALLE NACIDO
 TEMECULA                                CA         92592           37,600
    36,545.91       14.99        154,900       149,651        2,083
 96/06/20       16/07/03          240       235       120.89
 Y       SFR          C          2
 571411793         2535914        1014 57TH STREET
 SAN DIEGO                               CA         92114           15,000
    14,976.30       13.75        115,000       115,540        1,441
 96/10/09       21/10/15          300       298       113.51
 Y       SFR          C          2
 571299532         2535915        9520 PARAMOUNT BOULEVA
 DOWNEY                                  CA         90240           75,000
    74,700.56       15.25        205,000       169,520          523
 96/06/19       16/06/28          240       234       119.28
 Y       SFR          C          2
 571318009         2535916        7500 FLAMINGO WAY
 SACRAMENTO                              CA         95828           37,200
    37,174.67       14.50         83,000        66,466        1,139
 96/10/09       21/10/15          300       298       124.90
 Y       SFR          C          2
 571372999         2535917        22627 STRAWFLOWER ROAD
 TEHACHAPI                               CA         93561           45,000
    44,816.20       13.75        160,000       129,775        3,073
 96/07/08       16/07/24          240       235       109.23
 Y       SFR          C          2

 
 571257671         2535918        1788 BETTY STREET
 WRIGHTWOOD                              CA         92397           50,000
    49,962.62       13.99        215,000       201,082        3,086
 96/09/04       21/09/11          300       297       116.78
 Y       SFR          C          2
 571257880         2535919        2 BOIES COURT
 PLEASANT HILL                           CA         94523           63,000
    62,979.65       14.75        287,000       276,638        4,460
 96/10/25       21/11/07          300       299       118.34
 Y       SFR          C          2
 571257894         2535920        9140 CREEKFORD DRIVE
 LAKESIDE                                CA         92040           25,000
    24,955.54       15.99        150,000       117,743        2,122
 96/09/06       16/10/01          240       238        95.16
 Y       SFR          C          2
 571255342         2535921        939 NORTH ORANGE AVENU
 ONTARIO                                 CA         91764           41,000
    40,986.75       14.75        133,250       124,980        1,994
 96/10/31       21/11/15          300       299       124.56
 Y       SFR          C          2
 5712555711        2535922        39330 CALLE SAN CLEMEN
 MURRIETA                                CA         92562           40,000
    39,725.12       14.49        140,000       123,470        2,023
 96/04/24       16/05/06          240       233       116.76
 Y       SFR          C          2
 571154289         2535923        3121 WEST CALIMYRNA
 FRESNO                                  CA         93711           32,500
    32,333.53       15.25        115,000       109,441        1,535
 96/08/07       16/08/15          240       236       123.43
 Y       SFR          C          2
 571174748         2535924        23531 MARSALA
 LAGUNA HILLS                            CA         92653           32,500
    32,396.41       14.25        200,000       160,322        1,624
 96/09/16       21/09/20          300       297       103.66
 Y       SFR          C          2
 571230053         2535925        21825 BELSHIRE AVENUE
 HAWAIIAN GARDENS                        CA         90716           34,000
    33,941.19       13.25        102,500        84,054        1,246
 96/08/09       21/08/15          300       296       115.17
 Y       COND         C          2
 571065745         2535926        1416 KENNEDY DRIVE
 ROSEVILLE                               CA         95678           40,000
    39,747.26       15.99        192,000       195,036        2,412
 96/01/29       16/02/05          240       230       122.41
 Y       SFR          C          2
 571083616         2535927        3035 KENTRIDGE DRIVE
 SAN JOSE                                CA         95133           55,000
    54,983.04       15.00        175,000       136,000        2,249
 96/09/30       21/11/12          300       299       109.14
 Y       SFR          C          2
 571085994         2535928        8838 LUND HILL LANE
 COTATI                                  CA         94531           75,000
    74,946.54       14.25        360,000       288,773        3,419
 96/09/26       21/10/24          300       298       101.05
 Y       SFR          C          2
 571025654         2535929        43790 CORTE AMAYA
 TEMECULA                                CA         92592           39,000
    38,937.18       14.25        133,000       127,085        2,053
 96/11/05       11/11/15          180       179       124.88
 Y       SFR          C          2
 571063134         2535930        1431 THOMPSON CIRCLE
 DUPONT                                  WA         98327           33,500
    33,042.53       13.99        145,822       148,737        1,913
 96/07/24       21/08/02          300       296       124.97
 Y       COND         C          2
 571065371         2535931        7101 WINLOCK AVENUE
 CITRUS HEIGHTS                          CA         95621           50,000
    49,913.74       13.99        175,000       129,236        1,868
 96/08/10       21/09/01          300       297       102.42
 Y       SFR          C          2

 
 570981974         2535932        2401 MANDELINE COURT
 BAKERSFIELD                             CA         93304           15,000
    14,705.59       12.99         76,787        67,880        1,158
 96/06/29       11/09/08          180       177       107.93
 Y       SFR          C          2
 570983349         2535933        3204 LEONARD STREET
 BAKERSFIELD                             CA         93304           37,000
    36,953.38       14.99         82,000        62,000        1,167
 96/08/22       21/09/01          300       297       120.73
 Y       SFR          C          2
 570988980         2535934        6715 5TH AVENUE
 LOS ANGELES                             CA         90043           22,000
    20,935.06       14.25        145,000       108,111        1,384
 96/10/04       16/10/18          240       238        89.73
 Y       SFR          C          2
 570884867         2535935        31 WEST HARCOURT STREE
 LONG BEACH                              CA         90805           40,000
    39,382.25       15.00        151,700       125,403        1,845
 96/06/28       21/07/15          300       295       109.03
 Y       SFR          C          2
 570929969         2535936        27 ROBIN RIDGE
 ALISO VIEJO                             CA         92656           30,000
    29,837.21       13.99        179,000       169,934        2,155
 96/05/24       16/06/06          240       234       111.69
 Y       SFR          C          2
 570877403         2535937        660 AVENIDA TERRAZO
 CORONA                                  CA         91720           75,000
    74,667.51       15.25        237,797       206,185        3,633
 96/08/06       11/08/21          180       176       118.25
 Y       SFR          C          2
 570882097         2535938        1515 SEATTLE SLEW DRIV
 SALEM                                   OR         97301           40,000
    39,949.62       14.99        110,000        75,116        1,376
 96/07/22       21/08/01          300       296       104.65
 Y       SFR          C          2
 570884860         2535939        1333 PURVIS CIRCLE
 CLOVIS                                  CA         93611           25,000
    24,833.80       13.49        105,000       102,384        1,186
 96/10/10       16/10/25          240       238       121.32
 Y       SFR          C          2
 570844782         2535940        504 FLORIDA STREET
 IMPERIAL BEACH                          CA         91932           30,000
    29,974.42       13.25        115,000        97,734        1,566
 96/09/27       16/10/17          240       238       111.07
 Y       SFR          C          2
 570847284         2535941        10615 VISTA CAMINO
 LAKESIDE                                CA         92040           15,000
    14,296.17       14.25        140,000       130,332        1,915
 96/07/18       01/08/01           60        56       103.81
 Y       SFR          C          2
 570873761         2535942        3386 MOUNT LOGAN DRIVE
 SAN JOSE                                CA         95127           60,000
    59,959.15       14.50        175,000       146,500        2,134
 96/09/11       21/09/23          300       297       118.00
 Y       SFR          C          2
 570807282         2535943        16931 RED ROCK CIRCLE
 HUNTINGTON BEACH                        CA         92649           65,514
    65,470.64       15.00        205,000       165,024        2,231
 96/10/23       16/11/11          240       239       112.46
 Y       SFR          C          2
 570816335         2535944        11607 AMESTOY AVENUE
 GRANADA HILLS                           CA         91344           50,000
    49,982.28       14.25        170,000       161,500        2,099
 96/10/23       21/11/01          300       299       124.41
 Y       SFR          C          2
 570833268         2535945        990 LEXINGTON STREET
 HEMET                                   CA         92545           11,600
    11,504.31       14.25         95,000        88,607        1,528
 96/06/18       11/07/09          180       175       105.48
 Y       SFR          C          2

 
 570749131         2535946        7405 FOX HILLS DRIVE
 CITRUS HEIGHTS                          CA         95610           50,000
    49,943.60       13.99        175,000       156,017        3,101
 96/09/06       21/09/11          300       297       117.72
 Y       SFR          C          2
 570751359         2535947        2935 MANDA DRIVE
 SAN JOSE                                CA         95124           25,000
    24,861.63       11.49        209,000       181,800        1,843
 96/07/09       11/07/17          180       175        98.95
 Y       SFR          C          2
 570760599         2535948        843 CHAPMAN AVENUE
 PASADENA                                CA         91103           22,000
    21,862.56       14.75        136,000       115,966        1,561
 96/07/21       11/08/21          180       176       101.45
 Y       SFR          C          2
 570703692         2535949        406 ROSE COURT
 PINOLE                                  CA         94564           25,000
    24,729.05       15.99        215,000       186,950        1,967
 96/03/29       11/04/04          180       172        98.58
 Y       SFR          C          2
 570706368         2535950        1117 MABLE AVENUE
 BAKERSFIELD                             CA         93307           50,000
    49,566.41       14.99        106,000        71,689        2,817
 96/09/10       21/10/02          300       298       114.80
 Y       SFR          C          2
 570720447         2535951        5216 LORELEI AVENUE
 LAKEWOOD                                CA         90712           20,000
    19,764.82       14.25        175,000       145,511        1,773
 96/05/24       11/06/03          180       174        94.58
 Y       SFR          C          2
 570663616         2535952        1585 WEST VIA BELLO DR
 RIALTO                                  CA         92376           65,000
    64,951.40       13.99        149,150       110,682        2,658
 96/09/23       21/10/08          300       298       117.79
 Y       SFR          C          2
 570668686         2535953        8185 MULBERRY STREET
 CYPRESS                                 CA         90630           72,000
    71,946.17       13.99        260,000       252,654        3,232
 96/10/01       21/10/10          300       298       124.87
 Y       SFR          C          2
 570695473         2535954        14287 MARLAND STREET
 LA PUENTE                               CA         91746           40,000
    39,971.33       14.50        150,000       125,000        2,743
 96/11/06       16/11/20          240       239       110.00
 Y       SFR          C          2
 570647750         2535955        20049 DOROTHY STREET
 CANYON COUNTRY                          CA         91351           40,000
    39,944.86       14.50        160,000       148,847        1,952
 96/07/29       21/08/01          300       296       118.03
 Y       SFR          C          2
 570656142         2535956        702 ATHENS BOULEVARD
 LOS ANGELES                             CA         90044           68,000
    67,973.59       13.75        190,000       167,257        1,915
 96/10/02       21/11/08          300       299       123.82
 Y       SFR          C          2
 570661914         2535957        29697 SAWGRASS CIRCLE
 MURRIETA                                CA         92562           23,200
    22,850.27       14.49        101,000       103,020        1,206
 96/04/22       16/04/26          240       232       124.97
 Y       SFR          C          2
 570606382         2535958        7823 SPINEL AVENUE
 RANCHO CUCAMONGA                        CA         91730           46,000
    45,969.23       14.99        139,000       110,420        1,418
 96/11/01       16/11/07          240       239       112.53
 Y       SFR          C          2
 570616713         2535959        825 E. MEADBROOK
 CARSON                                  CA         90746           25,000
    24,445.73       14.99        130,000       128,681        1,786
 96/06/10       11/06/14          180       174       118.22
 Y       SFR          C          2

 
 570626856         2535960        144 TAUNTON WAY
 FOLSOM                                  CA         95630           49,975
    49,921.44       11.99        195,057       159,563        1,590
 96/10/17       21/10/23          300       298       107.42
 Y       SFR          C          2
 570590514         2535961        39209 BEACON LANE
 PALMDALE                                CA         93551           37,605
    37,594.43       15.50        149,000       147,449        2,472
 96/10/12       21/11/06          300       299       124.20
 Y       SFR          C          2
 570602550         2535962        11133 SESAME ROAD
 OAK HILLS                               CA         93907           24,000
    23,827.88       15.49        100,000        74,400        1,141
 96/07/08       16/07/24          240       235        98.40
 Y       SFR          C          2
 570605586         2535963        2289 NORTH FOREST AVEN
 RIALTO                                  CA         92377           62,000
    61,603.11       14.50        155,000       117,763        3,023
 96/07/27       11/09/01          180       177       115.98
 Y       SFR          C          2
 570517173         2535964        4213 DEEBOYAR AVENUE
 LAKEWOOD                                CA         90712           15,000
    14,907.58       13.25        185,000       162,265        2,288
 96/06/21       16/07/01          240       235        95.82
 Y       SFR          C          2
 570533866         2535965        1045 MEEKER AVENUE
 LA PUENTE                               CA         91744           31,000
    31,000.00       13.25        131,250       129,180        2,887
 96/11/05       06/12/15          120       120       122.04
 Y       SFR          C          2
 570584026         2535966        15690 LAKE TERRACE DRI
 LAKE ELSINORE                           CA         92330           28,000
    27,951.47       13.50        170,000       165,172        2,721
 96/10/12       11/11/04          180       179       113.63
 Y       SFR          C          2
 570477032         2535967        4184 SHELLICIA CIRCLE
 RIVERSIDE                               CA         92509           29,100
    28,943.23       13.25        152,000       144,691        1,822
 96/08/26       11/09/09          180       177       114.34
 Y       SFR          C          2
 570492410         2535968        11722 CLOVER LANE
 GARDEN GROVE                            CA         92641           30,000
    29,921.15       15.25        170,000       158,917        2,491
 96/08/15       16/08/21          240       236       111.13
 Y       SFR          C          2
 570510219         2535969        5248 MUIRHOUSE PLACE
 SAN JOSE                                CA         95136           64,000
    63,895.00       14.25        230,800       214,000        3,924
 96/10/04       11/10/22          180       178       120.45
 Y       SFR          C          2
 570430637         2535970        2157 STANBRIDGE AVENUE
 LONG BEACH                              CA         90815           56,100
    56,016.22       14.25        168,000       152,352        2,507
 96/09/03       16/09/20          240       237       124.08
 Y       SFR          C          2
 570451114         2535971        1619 SUNFLOWER AVENUE
 GLENDORA                                CA         91740           40,000
    39,979.38       15.99        157,000       139,780        2,160
 96/09/18       21/10/03          300       298       114.51
 Y       SFR          C          2
 570455665         2535972        1861 OAKS BLUFF AVENUE
 NORTH LAS VEGAS                         NV         89030           19,050
    18,985.17       13.75        111,000       108,287        1,057
 96/09/30       11/10/07          180       178       114.72
 Y       SFR          C          2
 570395482         2535973        14271 SEAGATE DRIVE
 SAN LEANDRO                             CA         94577           40,000
    39,813.70       14.75        172,049       129,584        2,053
 96/08/13       11/09/01          180       177        98.57
 Y       SFR          C          2

 
 570395764         2535974        1017 WHISTLE STOP DRIV
 COLTON                                  CA         92324           39,958
    39,841.13       15.49        111,506        93,371        2,294
 96/10/03       11/10/11          180       178       119.57
 Y       SFR          C          2
 570419215         2535975        391 EAST ASH AVENUE
 HANFORD                                 CA         93230           40,000
    39,928.97       13.25        140,000       128,063        3,987
 96/10/11       11/11/06          180       179       120.05
 Y       SFR          C          2
 570317029         2535976        595 KNOWELL PLACE
 COSTA MESA                              CA         92627           35,000
    34,913.01       14.99        177,000       159,644        2,151
 96/10/08       16/10/17          240       238       109.97
 Y       SFR          C          2
 570334387         2535977        920 NORTH PARISH STREE
 BURBANK                                 CA         91506           50,000
    49,984.55       14.99        230,000       177,904        2,232
 96/09/19       21/11/08          300       299        99.09
 Y       SFR          C          2
 570371811         2535978        321 EAST FIR STREET
 BREA                                    CA         92621           50,000
    49,908.01       15.75        190,000       168,850        3,220
 96/08/30       16/08/14          240       236       115.18
 Y       SFR          C          2
 5702959221        2535979        4827 SAGASTI AVENUE
 SAN DIEGO                               CA         92117           37,500
    37,500.00       13.25        170,000       151,870        1,690
 96/11/18       16/12/15          240       240       111.39
 Y       SFR          C          2
 570297473         2535980        33605 VIEW CREST DRIVE
 WILDOMAR                                CA         92595           23,500
    23,500.00       13.75        120,000       115,453        1,545
 96/10/21       11/12/05          180       180       115.79
 Y       SFR          C          2
 570299483         2535981        134 EAST VILLA RITA DR
 LA HABRA HEIGHTS                        CA         90631           65,000
    65,000.00       13.75        290,000       251,717        3,749
 96/11/18       21/12/25          300       300       109.21
 Y       SFR          C          2
 570277756         2535982        5321 PADERO DRIVE
 NORTH LAS VEGAS                         NV         89031           27,000
    26,427.76       13.75        105,000       100,726          769
 96/08/07       16/08/12          240       236       121.64
 Y       SFR          C          2
 570293133         2535983        12124 TURBO STREET
 TAFT                                    CA         93268           27,000
    26,932.54       14.49         92,000        79,790        1,685
 96/07/03       21/07/22          300       295       116.08
 Y       SFR          C          2
 570293249         2535984        20344 FANCHON LANE #13
 CANYON COUNTRY                          CA         91351           37,600
    37,397.46       13.25        132,600       115,651        1,720
 96/08/28       11/09/12          180       177       115.57
 Y       COND         C          2
 570194598         2535985        40163 VIA REATA
 MURRIETA                                CA         92562           50,000
    49,945.82       14.25        162,916       141,169        2,690
 96/08/27       21/09/17          300       297       117.34
 Y       SFR          C          2
 570212136         2535986        6405-6405 1/2 & 6407 M
 LOS ANGELES                             CA         90001           36,000
    35,960.51       14.25        176,000       115,457        1,285
 96/08/29       21/09/13          300       297        86.06
 Y       SFR          C          2
 570276350         2535987        569 CAMINO LOS GALLOS
 PERRIS                                  CA         92571           30,000
    29,964.65       13.75        122,500       117,739        2,035
 96/09/09       21/09/15          300       297       120.60
 Y       SFR          C          2

 
 570173860         2535988        5113 WOODMONT COURT
 ANTIOCH                                 CA         94509           50,000
    49,959.27       15.75        160,500       148,598        2,643
 96/08/19       21/09/10          300       297       123.74
 Y       SFR          C          2
 570176849         2535989        1527 FITZGERALD WAY
 ROSEVILLE                               CA         95747           37,875
    37,848.00       14.25        141,500       138,833        1,883
 96/10/16       21/10/15          300       298       124.88
 Y       SFR          C          2
 570192688         2535990        6252 ROSE AVENUE
 LONG BEACH                              CA         90805           27,000
    26,954.33       13.75        150,000       145,035        1,831
 96/11/19       11/11/11          180       179       114.69
 Y       SFR          C          2
 570134803         2535991        2550 DURHAM-DAYTON HIG
 DURHAM                                  CA         95938           60,000
    59,953.13       13.75        150,000       116,000        1,836
 96/09/24       21/10/15          300       298       117.33
 Y       SFR          C          2
 570157069         2535992        4374 CAMPHOR AVENUE
 YORBA LINDA                             CA         92686           36,000
    36,000.00       16.00        325,000       297,000        3,029
 96/11/12       21/12/02          300       300       102.46
 Y       SFR          C          2
 570114700         2535993        9513 RICHDALE WAY
 ORANGEVALLE                             CA         95662           25,000
    24,911.36       14.75        149,000       140,000        1,410
 96/06/17       16/07/01          240       235       110.74
 Y       SFR          C          2
 570115351         2535994        8136 SPENGLER DRIVE
 SACRAMENTO                              CA         95828           40,000
    39,873.38       14.49        142,400       137,801        1,668
 96/10/11       11/10/17          180       178       124.86
 Y       SFR          C          2
 570068288         2535995        1511 MAYFLOWER AVENUE
 MONROVIA                                CA         91016           44,000
    43,967.34       14.25        160,000       102,961        1,873
 96/09/30       16/11/12          240       239        91.85
 Y       SFR          C          2
 570084306         2535996        7817 CREEK VALLEY CIRC
 SACRAMENTO                              CA         95828           40,000
    39,928.97       13.25        120,000        94,900        1,481
 96/10/14       11/11/01          180       179       112.42
 Y       SFR          C          2
 570088392         2535997        1879 N. CLIFFORD AVENU
 RIALTO                                  CA         92376           30,000
    29,755.78       14.99         95,000        86,835        1,194
 96/06/04       11/06/12          180       174       122.98
 Y       SFR          C          2
 570044392         2535998        7572 NORTH BOND AVENUE
 FRESNO                                  CA         93720           21,000
    19,481.90       14.49        131,500       102,187        1,600
 96/04/25       16/06/01          240       234        93.68
 Y       SFR          C          2
 570046311         2535999        529 SEARS DRIVE
 PATTERSON                               CA         95363           50,000
    49,948.62       14.50        138,000       122,000        2,628
 96/08/19       21/09/15          300       297       124.64
 Y       SFR          C          2
 570062214         2536000        1734 PATRICIA STREET
 OXNARD                                  CA         93030           30,000
    29,950.30       13.50        160,000       146,684        2,408
 96/08/24       16/10/09          240       238       110.43
 Y       SFR          C          2
 569966123         2536001        26662 AVENIDA SHONTO
 MISSION VIEJO                           CA         92691           35,000
    34,772.21       14.99        175,500       157,249        3,789
 96/06/03       16/06/07          240       234       109.54
 Y       SFR          C          2

 
 569981586         2536002        14884 WOODCREST DRIVE
 FONTANA                                 CA         92337           15,000
    14,980.03       13.75        116,000       115,666        1,265
 96/09/07       21/09/23          300       297       112.64
 Y       SFR          C          2
 569989183         2536003        16392 CRAIG LANE
 ANDERSON                                CA         96007           40,000
    39,865.96       13.50        116,500        73,190        1,670
 96/07/17       16/08/12          240       236        97.16
 Y       SFR          C          2
 569947477         2536004        5540 PLAYA DEL REY
 SAN JOSE                                CA         95123           75,000
    74,888.01       14.25        207,000       159,441        2,403
 96/09/22       16/10/15          240       238       113.26
 Y       SFR          C          2
 569960482         2536005        21109 AVENUE SAN LUIS
 WOODLAND HILLS                          CA         91364           30,000
    29,940.40       13.75        188,000       177,716        3,546
 96/07/17       21/07/15          300       295       110.49
 Y       SFR          C          2
 569892184         2536006        11398 CAMBRIDGE STREET
 RIVERSIDE                               CA         92503           32,000
    31,771.22       15.25        105,000        82,820        1,261
 96/07/18       16/08/01          240       236       109.35
 Y       SFR          C          2
 569902962         2536007        716 CHAMBERS CIRCLE
 BELAIRE                                 MD         21014           35,000
    34,979.73       16.00        160,000       139,000        2,080
 96/10/07       16/10/15          240       238       108.75
 Y       SFR          C          2
 569945564         2536008        1329 SERENE LANE
 CERES                                   CA         95307           35,000
    34,942.75       13.75        150,840       143,250        1,986
 96/09/19       16/10/11          240       238       118.17
 Y       SFR          C          2
 569855271         2536009        801 SHENENCOCK COURT
 ROSEVILLE                               CA         95747           28,500
    28,301.71       13.75        138,000       131,000        1,924
 96/10/10       21/10/15          300       298       115.58
 Y       SFR          C          2
 569883843         2536010        7308 FAIRWOOD LANE
 HIGHLAND                                CA         92346           33,000
    32,521.32       15.49        148,500       144,000        1,607
 96/06/01       11/06/12          180       174       119.19
 Y       SFR          C          2
 569887822         2536011        1035 MENDOCINO WAY
 REDLANDS                                CA         92374           30,000
    29,900.36       14.00        130,000       126,129        1,900
 96/10/08       11/10/15          180       178       120.10
 Y       SFR          C          2
 569822077         2536012        1515 SOUTH WABASH AVEN
 GLENDORA                                CA         91740           75,000
    74,970.88       13.75        213,000       189,168        3,488
 96/10/18       21/11/01          300       299       124.02
 Y       SFR          C          2
 569826384         2536013        5802 WASHINGTON AVENUE
 WHITTIER                                CA         90601           58,000
    57,900.55       13.25        323,600       244,814        3,128
 96/09/16       16/10/01          240       238        93.58
 Y       SFR          C          2
 569846919         2536014        90 THATCHER CIRCLE
 SACRAMENTO                              CA         95823           30,000
    29,897.92       13.75        125,000        99,051        2,597
 96/09/27       11/10/17          180       178       103.24
 Y       SFR          C          2
 569769981         2536015        7669 DYER COURT
 SACRAMENTO                              CA         95828           31,500
    31,447.95       13.99        126,000       125,999        2,474
 96/10/28       11/11/05          180       179       125.00
 Y       SFR          C          2

 
 569780091         2536016        8752 LAMBAY WAY
 SACRAMENTO                              CA         95828           40,000
    39,853.53       12.99        181,000       169,000        3,472
 96/10/07       11/10/11          180       178       115.47
 Y       SFR          C          2
 569809886         2536017        3330 BELLINI WAY
 PALMDALE                                CA         93551           43,700
    43,688.29       15.75        159,000       154,000        2,509
 96/10/23       21/11/15          300       299       124.34
 Y       SFR          C          2
 569742265         2536018        11091 MIDDLE BOROUGH R
 RIVERSIDE                               CA         92503           43,700
    42,967.74       14.75        164,000       160,872        2,219
 96/09/18       21/10/15          300       298       124.74
 Y       SFR          C          2
 569744235         2536019        1466 WEST MAXZIM AVENU
 FULLERTON                               CA         92633           61,000
    60,802.33       14.25        168,000       148,429        2,298
 96/08/12       11/09/12          180       177       124.66
 Y       SFR          C          2
 569722694         2536020        1917 RIVERVIEW DRIVE
 MADERA                                  CA         93637           23,000
    21,038.99       15.00        119,706       102,511        2,433
 96/08/21       11/09/01          180       177       104.85
 Y       SFR          C          2
 569722928         2536021        1001 E. BUCKHILL ROAD
 FRESNO                                  CA         93720           20,000
    19,898.30       13.50        166,000       137,874        1,506
 96/06/21       16/06/26          240       234        95.10
 Y       SFR          C          2
 569636408         2536022        1456 COUNTRY MANOR DRI
 SANTA ROSA                              CA         95401           50,000
    49,964.37       14.25        321,500       288,807        3,404
 96/10/03       21/10/25          300       298       105.38
 Y       SFR          C          2
 569643315         2536023        3523 W. AVENUE K-4
 LANCASTER                               CA         93536           50,000
    49,829.89       13.75        129,497       106,896        2,315
 96/09/30       11/10/22          180       178       121.16
 Y       SFR          C          2
 569686445         2536024        3317 PUMPHOUSE COURT
 MODESTO                                 CA         95356           21,500
    21,389.65       13.75        107,257       107,257        2,507
 96/09/11       11/10/04          180       178       120.05
 Y       SFR          C          2
 569561256         2536025        1217 WINDY LYNN AVENUE
 RIDGECREST                              CA         93555           30,000
    29,962.25       15.49        105,000        98,629        2,375
 96/10/15       16/11/01          240       239       122.50
 Y       SFR          C          2
 569562336         2536026        6841 LAUREL COURT
 CHINO                                   CA         91710           54,000
    53,936.37       13.75        196,815       179,924        2,440
 96/09/26       21/10/09          300       298       118.85
 Y       SFR          C          2
 569570302         2536027        7518 ANDREWSARAH COURT
 SACRAMENTO                              CA         95828           30,000
    29,953.61       14.00         90,000        78,912        1,158
 96/09/20       16/10/15          240       238       121.01
 Y       SFR          C          2
 569490674         2536028        1709 E. CHELSEA DRIVE
 FRESNO                                  CA         93720           55,000
    54,984.56       15.50        160,000       130,384        1,515
 96/09/27       21/10/16          300       298       115.86
 Y       SFR          C          2
 569519896         2536029        5922 WHISPERING PINE A
 LAS VEGAS                               NV         89122           30,000
    29,953.55       13.99        100,000        83,849        1,473
 96/09/23       16/09/27          240       237       113.85
 Y       SFR          C          2

 
 569561060         2536030        261 NORTH GOLDENSPUR W
 ORANGE                                  CA         92669           45,000
    44,850.55       14.00        410,000       404,920        4,597
 96/09/27       11/10/07          180       178       109.74
 Y       SFR          C          2
 569415592         2536031        342 WEST MENDOCINO STR
 ALTADENA                                CA         91001           30,000
    29,898.95       14.25        140,000       121,627        1,717
 96/07/22       16/09/05          240       237       108.31
 Y       SFR          C          2
 569419715         2536032        8144 HOLM OAK WAY
 CITRUS HEIGHTS                          CA         95610           35,000
    30,854.31       14.49        167,000       128,384        1,505
 96/04/19       16/04/24          240       232        97.83
 Y       SFR          C          2
 569473422         2536033        3767 SPOONBILL WAY
 TURLOCK                                 CA         95382           29,000
    28,851.13       13.75        115,000       101,000        1,260
 96/09/16       11/09/15          180       177       113.04
 Y       SFR          C          2
 569377804         2536034        1182 STORMWOOD AVENUE
 GALT                                    CA         95632           27,000
    26,249.20       14.49        128,850       123,708        1,672
 96/04/09       06/05/13          120       113       116.96
 Y       SFR          C          2
 569397485         2536036        29570 DUNKIRK STREET
 SUN CITY                                CA         92586           25,000
    24,991.53       14.50        125,000       115,868        1,873
 96/10/22       21/11/15          300       299       112.69
 Y       SFR          C          2
 569370963         2536037        18014 AVIS AVENUE
 TORRANCE                                CA         90504           75,000
    74,779.72       15.25        232,700       175,195        3,850
 96/09/17       11/10/03          180       178       107.52
 Y       SFR          C          2
 5693722041        2536038        12411 OSBORNE STREET #
 PACOIMA                                 CA         91331           25,000
    24,923.11       14.75        144,000       118,547        2,337
 96/08/21       11/10/03          180       178        99.69
 Y       COND         C          2
 569372352         2536039        152 MORNING GLORY
 RANCHO SANTA MARGARITA                  CA         92688           30,000
    29,991.58       15.50        124,900       121,150        1,705
 96/10/26       21/11/15          300       299       121.02
 Y       SFR          C          2
 569317502         2536040        3821 NAVAJO AVENUE
 BAKERSFIELD                             CA         93309           25,000
    24,982.98       14.50         75,000        66,694        1,306
 96/09/20       21/10/04          300       298       122.26
 Y       SFR          C          2
 569331892         2536041        789 OBISPO AVENUE
 LONG BEACH                              CA         90804           37,200
    37,173.48       14.25        144,000       139,979        1,752
 96/09/25       21/10/15          300       298       123.04
 Y       SFR          C          2
 569370863         2536042        3324 CAHILL COURT
 SACRAMENTO                              CA         95827           40,000
    39,965.77       13.25        135,000       124,000        1,681
 96/10/10       21/10/15          300       298       121.48
 Y       SFR          C          2
 569291961         2536043        10301 VIA APOLINA
 MORENO VALLEY                           CA         92557           40,000
    39,863.03       15.00        132,000       121,313        1,893
 96/06/12       16/07/01          240       235       122.21
 Y       SFR          C          2
 569293398         2536044        94-527 LUMIAINA STREET
 WAIPAHU                                 HI         96797           57,269
    57,233.46       15.00        187,500       177,106        2,212
 96/10/08       21/10/21          300       298       125.00
 Y       COND         C          2

 
 569293957         2536045        4290 DAVID STREET
 CASTRO VALLEY                           CA         94546           50,000
    49,767.13       14.75        200,000       178,059        4,052
 96/09/10       11/09/24          180       177       114.03
 Y       SFR          C          2
 569272135         2536046        5593 CALAIS COURT
 LAS VEGAS                               NV         89118           25,000
    24,684.58       13.75        110,000        88,682        1,138
 96/09/11       11/09/20          180       177       103.35
 Y       SFR          C          2
 569274805         2536047        2440 VIA PACIFICA
 CORONA                                  CA         91720           40,000
    39,825.68       13.25        174,000       176,097        2,365
 96/06/10       16/07/17          240       235       124.19
 Y       SFR          C          2
 569279503         2536048        5066 NORTH MAYWOOD AVE
 LOS ANGELES                             CA         90041           36,000
    35,486.96       13.75        160,000       137,831        2,231
 96/06/25       11/07/10          180       175       108.64
 Y       SFR          C          2
 569171264         2536049        39942 GUITA COURT
 PALMDALE                                CA         93551           50,000
    49,917.19       14.75        168,000       155,085        2,640
 96/06/23       21/07/26          300       295       122.07
 Y       SFR          C          2
 569216955         2536050        2535 MOOSEDEER DRIVE
 ONTARIO                                 CA         91761           33,000
    32,978.54       14.75        130,000       126,000        1,499
 96/10/04       21/10/23          300       298       122.31
 Y       SFR          C          2
 569250379         2536051        5260 RAPHAEL STREET
 LOS ANGELES                             CA         90042           23,000
    23,000.00       13.50        102,000        75,817        1,105
 96/11/25       11/12/25          180       180        96.88
 Y       SFR          C          2
 569135904         2536052        6151 ALTA LOMA COURT
 RIO LINDA                               CA         95673           51,500
    51,422.24       15.25        112,000        88,217        1,623
 96/08/09       21/08/14          300       296       124.75
 Y       SFR          C          2
 569152629         2536053        6 BELLA LUCIA
 LAKE ELSINORE                           CA         92532           40,000
    39,930.78       13.25        197,000       164,082        2,618
 96/07/23       21/08/16          300       296       103.59
 Y       SFR          C          2
 569153100         2536054        11777 CORNELL STREET
 ADELANTO                                CA         92301           18,000
    17,807.26       13.49         86,914        82,420          989
 96/05/09       11/05/21          180       173       115.54
 Y       SFR          C          2
 569119640         2536055        23845 GLENN ELLEN COUR
 RAMONA                                  CA         92065           32,200
    32,162.03       13.75        155,500       155,375        2,069
 96/09/10       21/09/25          300       297       120.63
 Y       COND         C          2
 569130922         2536056        601 SOUTH GOLD CANYON
 RIDGECREST                              CA         93555           30,000
    29,962.44       15.50         81,700        71,302        1,716
 96/08/29       16/10/01          240       238       123.99
 Y       SFR          C          2
 569110484         2536057        32605 LAKE BRIDGEPORT
 FREMONT                                 CA         94555           25,500
    25,500.00       14.25        188,750       177,000        2,728
 96/11/19       11/12/15          180       180       107.28
 Y       SFR          C          2
 569111186         2536058        7476 SW DELAWARE CIRCL
 TUALATIN                                OR         97062           42,600
    42,600.00       15.99        134,000       116,462        1,581
 96/10/25       21/11/07          300       300       118.70
 Y       SFR          C          2

 
 569111717         2536059        22585 FIFTH STREET
 HAYWARD                                 CA         94541           10,000
     9,956.43       13.25        175,000       139,240           61
 96/07/12       16/08/01          240       236        85.28
 Y       SFR          C          2
 569047223         2536060        23516 SHREEDER PLACE
 SUN CITY                                CA         92587           15,750
    15,635.03       16.49         56,000        54,095        1,029
 96/06/25       11/07/02          180       175       124.72
 Y       SFR          C          2
 569048264         2536061        61283 SARAH DRIVE
 BEND                                    OR         97702           50,000
    49,986.61       15.75        285,000       256,553        2,932
 96/10/09       21/10/17          300       298       107.56
 Y       SFR          C          2
 569084386         2536062        1801 CARVER ROAD
 MODESTO                                 CA         95350           20,000
    19,862.33       13.75        110,000        99,396        1,133
 96/07/12       11/08/01          180       176       108.54
 Y       SFR          C          2
 569028636         2536063        12211 CEDAR AVENUE
 HAWTHORNE                               CA         90250           25,000
    23,556.13       14.50        125,000       110,929        1,372
 96/10/02       11/10/15          180       178       108.74
 Y       SFR          C          2
 569042534         2536064        806 SOUTH WISTERIA STR
 RIALTO                                  CA         92376           30,000
    29,964.65       13.75        135,000       125,435        2,534
 96/09/09       21/09/19          300       297       115.14
 Y       SFR          C          2
 569044011         2536065        37853 RUDALL AVENUE
 PALM DALE                               CA         93550           30,000
    29,549.06       14.75        131,000       132,932        2,799
 96/07/30       06/08/16          120       116       124.38
 Y       SFR          C          2
 568965189         2536066        1808 BIG OAKS DRIVE
 YUBA CITY                               CA         95991           39,000
    38,646.54       13.25        122,000       107,000        1,936
 96/07/08       11/08/26          180       176       119.67
 Y       SFR          C          2
 568983706         2536067        5 GREENBRIAR
 IRVINE                                  CA         92714           50,000
    49,935.46       13.25        231,750       154,412        2,376
 96/09/26       21/10/15          300       298        88.20
 Y       COND         C          2
 569020123         2536068        500 NORTH CHALBURN AVE
 WEST COVINA                             CA         91790           40,000
    39,762.77       13.25        198,000       183,878        2,499
 96/08/08       21/08/16          300       296       113.07
 Y       SFR          C          2
 568947947         2536069        25893 MANSFIELD
 SAN BERNARDINO                          CA         92404           36,000
    35,064.41       13.99         97,000        72,957        1,576
 96/04/10       16/04/15          240       232       112.33
 Y       SFR          C          2
 568956873         2536070        23555 HARRIS DRIVE
 PERRIS                                  CA         92570           30,000
    29,754.86       15.99        195,000       162,727        2,365
 96/01/29       16/02/15          240       230        98.83
 Y       SFR          C          2
 568964905         2536071        9303 PRICHARD STREET
 BELLFLOWER                              CA         90706           40,000
    39,924.59       14.25        155,000       151,027        2,145
 96/06/21       21/07/01          300       295       123.24
 Y       SFR          C          2
 568941429         2536072        6612 GATELEY PLACE
 ELK GROVE                               CA         95758           28,000
    27,946.43       13.99        134,000       128,000        1,569
 96/10/25       11/11/01          180       179       116.42
 Y       SFR          C          2

 
 568943389         2536073        6573 PARK RIVIERA WAY
 SACRAMENTO                              CA         95831           67,000
    66,729.50       13.25        193,250       174,000        2,582
 96/10/17       06/11/06          120       119       124.71
 Y       SFR          C          2
 568868611         2536074        5830 COHASSET WAY
 SAN JOSE                                CA         95123           49,900
    49,859.35       15.75        218,000       189,635        3,340
 96/09/23       21/10/01          300       298       109.88
 Y       SFR          C          2
 568883159         2536075        3503 WEST GREENTREE CI
 ANAHEIM                                 CA         92804           25,000
    24,862.46       13.75        117,000        95,815        1,432
 96/06/18       16/08/09          240       236       103.26
 Y       COND         C          2
 568938050         2536076        3750 EAST SURREY AVENU
 PHOENIX                                 AZ         85032           14,000
    13,936.31       14.99         80,000        72,801          837
 96/09/06       11/09/13          180       177       108.50
 Y       SFR          C          2
 568850781         2536077        2816 BONITA AVENUE
 ANTIOCH                                 CA         94503           28,000
    27,833.43       15.25        115,000       112,075        3,104
 96/07/25       11/08/01          180       176       121.80
 Y       SFR          C          2
 568864502         2536078        8316 SOUTH EAST MURPHY
 CLACKAMAS                               CA         97015           75,000
    74,717.14       13.75        210,000       120,621        5,412
 96/09/20       21/10/14          300       298        93.15
 Y       SFR          C          2
 568779478         2536079        25192 CHESTNUTWOOD
 LAKE FOREST                             CA         92630           35,000
    34,985.11       13.25        150,000       140,000        2,666
 96/11/14       21/11/28          300       299       116.67
 Y       SFR          C          2
 5688248581        2536080        886 NORTH SECOND AVENU
 UPLAND                                  CA         91786           26,000
    25,915.72       14.25        129,750       136,037        2,611
 96/09/06       11/10/01          180       178       124.88
 Y       SFR          C          2
 5688290251        2536081        1330 CORTE DE PRIMAVER
 THOUSAND OAKS                           CA         91360           45,000
    44,967.71       14.49        244,000       241,300        3,469
 96/10/21       16/11/05          240       239       117.34
 Y       SFR          C          2
 568748600         2536082        4753 KNOXVILLE AVENUE
 LAKEWOOD                                CA         90713           24,999
    24,802.31       15.25        185,000       169,336        2,304
 96/07/02       11/07/11          180       175       105.05
 Y       SFR          C          2
 568756167         2536083        3338 MCNAB AVENUE
 LONG BEACH                              CA         90808           43,000
    42,864.45       14.75        198,900       181,461        2,435
 96/08/29       16/09/13          240       237       112.85
 Y       SFR          C          2
 5687660701        2536084        1111 CLEVELAND COURT
 LAKE ELSINORE                           CA         92530           30,000
    29,740.37       13.75        125,000        98,000        2,385
 96/07/01       11/07/12          180       175       102.40
 Y       SFR          C          2
 568710500         2536085        1336 DARLINGTON AVENUE
 UPLAND                                  CA         91786           43,300
    43,248.95       13.75        145,520       138,371        1,605
 96/09/10       21/09/14          300       297       124.84
 Y       SFR          C          2
 568722238         2536086        249 FRANCES AVENUE
 SHAFTER                                 CA         93263           18,000
    17,765.61       13.99         70,000        67,410        1,193
 96/06/07       11/06/14          180       174       122.01
 Y       SFR          C          2

 
 568747763         2536087        2463 IRVINE AVENUE #F1
 COSTA MESA                              CA         92627           50,000
    49,946.21       14.25        280,000       228,525        4,187
 96/08/26       21/09/18          300       297        99.47
 Y       COND         C          2
 568688994         2536088        4150 PINEWOOD LAKE DRI
 BAKERSFIELD                             CA         93309           34,000
    33,732.02       13.75        142,750       133,098        2,136
 96/10/07       06/10/15          120       118       117.06
 Y       SFR          C          2
 568705192         2536089        64 EGRET LANE
 ALISO VIEJO                             CA         92656           45,000
    44,959.00       15.25        209,000       176,300        1,778
 96/08/08       21/08/14          300       296       105.89
 Y       SFR          C          2
 568709347         2536090        3366 HORSESHOE DRIVE
 SACRAMENTO                              CA         95821           27,750
    27,597.66       14.99         63,000        50,969        1,204
 96/05/15       16/05/24          240       233       124.95
 Y       SFR          C          2
 568656932         2536091        4529 SILVERCREST WAY
 ANTIOCH                                 CA         94509           50,000
    49,968.91       14.99        173,642       164,000        1,987
 96/10/08       21/10/16          300       298       123.24
 Y       SFR          C          2
 568679965         2536092        2455 GREENWOOD DRIVE
 SAN PABLO                               CA         94806           25,000
    24,893.12       14.25        118,000       110,167        1,778
 96/10/04       16/10/16          240       238       114.55
 Y       SFR          C          2
 568680586         2536093        927 SOUTH ROGER LANE
 FRESNO                                  CA         93727           19,000
    18,875.34       14.25        110,000        92,319        1,395
 96/07/12       11/07/15          180       175       101.20
 Y       SFR          C          2
 568627631         2536094        5660 PETERSON LANE
 LOTUS                                   CA         95651           67,000
    66,949.91       13.99        175,000       151,000        1,632
 96/10/07       21/10/11          300       298       124.57
 Y       SFR          C          2
 568635830         2536095        1720 WEST 25TH STREET
 LOS ANGELES                             CA         90018           42,000
    41,801.31       14.75        122,000       109,718        2,727
 96/07/16       11/08/16          180       176       124.36
 Y       SFR          C          2
 568560227         2536096        967 N. CHARTER DRIVE
 COVINA                                  CA         91724           75,000
    74,910.00       15.25        250,000       173,653        3,434
 96/08/27       21/09/04          300       297        99.46
 Y       SFR          C          2
 568577879         2536097        470-585 TULE DRIVE
 SUSANVILLE                              CA         96130           30,000
    29,882.45       13.75         95,500        89,247        1,295
 96/10/12       06/11/01          120       119       124.87
 Y       SFR          C          2
 568618521         2536098        2571 MACARTHUR AVENUE
 SAN PABLO                               CA         94806           31,000
    30,787.24       14.99        118,603        96,952        1,288
 96/11/08       16/11/14          240       239       107.88
 Y       SFR          C          2
 568551328         2536099        5330 WEST 122ND STREET
 HAWTHORNE                               CA         90250           50,000
    49,279.41       13.75        169,000       151,414        2,029
 96/08/23       21/09/01          300       297       119.18
 Y       SFR          C          2
 568551403         2536100        13 WINDSWEPT
 ALISO VIEJO                             CA         92656           25,000
    24,960.47       13.75        155,000       122,671        1,127
 96/10/08       21/10/15          300       298        95.27
 Y       SFR          C          2

 
 568556090         2536101        20713 DAN COURT
 SANTA CLARITA                           CA         91350           35,000
    34,949.53       14.50        215,000       200,850          524
 96/08/15       16/09/17          240       237       109.70
 Y       SFR          C          2
 568516140         2536102        1732 SOUTH MAGNOLIA AV
 ONTARIO                                 CA         91762           29,500
    29,461.93       13.25        170,000       179,635        1,461
 96/09/04       21/09/18          300       297       123.02
 Y       SFR          C          2
 568531108         2536103        12753 SIERRA CREEK ROA
 VICTORVILLE                             CA         92392           36,500
    36,375.79       13.75        110,000       100,675        1,697
 96/09/23       11/10/15          180       178       124.70
 Y       SFR          C          2
 568498006         2536104        5000 CATANZARD WAY
 ANTIOCH                                 CA         94509           75,000
    74,836.79       14.50        185,000       120,000        2,583
 96/07/29       16/09/18          240       237       105.41
 Y       SFR          C          2
 568505362         2536105        520 CATALINA ROAD
 BIG BEAR LAKE                           CA         92315           52,000
    51,907.66       13.25        156,000       136,614        3,739
 96/10/24       11/11/20          180       179       120.91
 Y       SFR          C          2
 568514756         2536106        8523 KIRBY STREET
 MANASSAS                                VA         20110           44,500
    44,352.52       16.50        127,000       112,371        2,222
 96/10/20       06/11/06          120       119       123.52
 Y       SFR          C          2
 568456393         2536107        943 SOUTH ENCINO AVENU
 RIALTO                                  CA         92376           30,000
    29,922.41       13.25        140,000       113,456        1,663
 96/08/14       16/09/11          240       237       102.47
 Y       SFR          C          2
 5684714191        2536108        5604 ELLEN STREET
 RIVERSIDE                               CA         92503           25,000
    24,751.07       14.25        135,000       102,700        1,212
 96/06/10       11/06/25          180       174        94.59
 Y       SFR          C          2
 568473161         2536109        226 W. 22ND STREET
 TRACY                                   CA         95376           31,000
    30,736.24       14.49        106,000        96,115        1,236
 96/04/12       16/04/26          240       232       119.92
 Y       SFR          C          2
 568339045         2536110        2009 CAMERON COURT
 BARSTOW                                 CA         92311           50,000
    49,931.08       14.50        110,000        86,683        1,928
 96/07/25       21/08/15          300       296       124.26
 Y       SFR          C          2
 568418683         2536111        1350 ALOHA STREET
 RED BLUFF                               CA         96080           19,000
    18,775.01       12.99         66,500        37,981          748
 96/06/26       11/07/12          180       175        85.69
 Y       SFR          C          2
 568315957         2536113        7320 BLUE SPRINGS WAY
 CITRUS HEIGHTS                          CA         95621           35,000
    34,821.15       14.25        130,000       119,580        1,634
 96/09/16       16/10/03          240       238       118.91
 Y       SFR          C          2
 568333747         2536114        416 CEDAR HILL ROAD
 BALTIMORE                               MD         21225           31,500
    31,346.25       17.00        100,000        92,338        1,783
 96/11/27       06/12/03          120       120       123.84
 Y       SFR          C          2
 568299422         2536115        905 NATOMA STREET
 FOLSOM                                  CA         95630           39,000
    38,838.80       13.75        164,250       136,504        1,977
 96/07/23       21/09/12          300       297       106.85
 Y       SFR          C          2

 
 568315226         2536116        11205 MONTGOMERY AVENU
 GRANADA HILLS                           CA         91344           25,000
    24,828.12       14.99        159,000       153,332        2,920
 96/05/20       16/06/01          240       234       112.16
 Y       SFR          C          2
 568259098         2536117        6036 LITTLE BEAVER WAY
 CITRUS HEIGHTS                          CA         95621           17,500
    17,424.23       15.49        125,000       120,721        1,571
 96/08/08       11/08/13          180       176       110.58
 Y       SFR          C          2
 568271141         2536118        3830 MAYHILL AVENUE
 LAS VEGAS                               NV         89121           15,000
    14,975.18       13.50        110,000        87,797        1,177
 96/08/20       21/08/26          300       296        93.45
 Y       SFR          C          2
 568279030         2536119        8238 PRIOR WAY
 ANTELOPE                                CA         95843           37,000
    36,974.76       14.49        142,987       129,000        2,280
 96/09/26       21/10/02          300       298       116.09
 Y       SFR          C          2
 568214334         2536120        6207 GRAYSTONE AVENUE
 CITRUS HEIGHTS                          CA         95621           20,000
    19,925.88       14.49         99,500       100,877        1,705
 96/05/24       16/06/01          240       234       121.48
 Y       SFR          C          2
 568235122         2536121        1441 BURLINGTON COURT
 ROSAMOND                                CA         93560           27,000
    26,943.90       15.49        106,790        97,164        1,683
 96/07/11       21/07/23          300       295       116.27
 Y       SFR          C          2
 568253315         2536122        728 ARTHUR DRIVE
 WEST SACRAMENTO                         CA         95605           22,000
    21,855.69       14.25        108,000        72,859          706
 96/07/08       11/08/08          180       176        87.83
 Y       SFR          C          2
 568177326         2536123        7330 POPLAR DRIVE
 FONTANA                                 CA         92335           33,400
    33,363.48       15.75        119,000       115,158        2,082
 96/07/15       21/07/22          300       295       124.84
 Y       SFR          C          2
 568190382         2536124        1822 CHESAPEAKE WAY
 CORONA                                  CA         91720           35,500
    35,447.08       14.75        135,000       133,100        1,550
 96/08/07       21/08/15          300       296       124.89
 Y       SFR          C          2
 568195582         2536125        3797 CARDINAL TERRACE
 FREMONT                                 CA         94555           20,400
    20,227.95       14.49        170,000       152,433        2,536
 96/06/12       16/06/27          240       234       101.67
 Y       COND         C          2
 568157073         2536126        15468 HAMPTON COURT
 FONTANA                                 CA         92337           27,500
    27,371.93       14.75        118,250       118,000        1,857
 96/08/19       11/09/01          180       177       123.04
 Y       SFR          C          2
 568159868         2536127        6 MANSERA PLACE
 ALISO VIEJO                             CA         92656           26,000
    25,987.08       13.25        151,500       124,984        1,643
 96/10/16       21/11/15          300       299        99.66
 Y       COND         C          2
 568172075         2536128        13830 POWERS ROAD
 POWAY                                   CA         92064           38,000
    37,816.18       15.99        152,000       146,801        1,812
 96/06/28       16/07/08          240       235       121.58
 Y       SFR          C          2
 568082803         2536129        13191 DRONFIELD AVENUE
 SYLMAR                                  CA         91342           31,500
    31,473.03       13.25        165,000       131,412        1,522
 96/10/11       21/10/15          300       298        98.73
 Y       SFR          C          2

 
 568088200         2536130        2865 SAWBILLS COURT
 WEST SACRAMENTO                         CA         95691           47,000
    46,873.43       14.99        152,000        80,119        1,517
 96/10/16       21/10/22          300       298        83.63
 Y       SFR          C          2
 568119232         2536131        444 ATHOL AVENUE
 OAKLAND                                 CA         94606           30,000
    29,860.29       14.75        132,000       133,433        1,624
 96/08/12       11/09/25          180       177       123.81
 Y       SFR          C          2
 568082402         2536132        28213 HOT SPRINGS AVEN
 SANTA CLARITA                           CA         91351           39,000
    38,933.58       13.75        155,000       145,330        1,869
 96/07/16       21/08/15          300       296       118.92
 Y       SFR          C          2
 568082587         2536133        15763 FIDDLELEAF ROAD
 FONTANA                                 CA         92335           17,000
    16,852.87       13.75        133,000       130,170        1,372
 96/06/27       11/07/15          180       175       110.65
 Y       SFR          C          2
 5680680931        2536134        781 DE LA LUZ CIRCLE
 PERRIS                                  CA         92571           40,000
    39,928.97       13.25        136,000       128,000        2,723
 96/10/18       11/11/21          180       179       123.53
 Y       SFR          C          2
 568068968         2536135        10935 FORDHAM COURT
 RANCHO CUCAMONGA                        CA         91701           50,000
    49,908.76       15.75        153,000       134,518        2,227
 96/08/21       16/09/01          240       237       120.60
 Y       SFR          C          2
 568047303         2536136        13565 EUCALYPTUS STREE
 TUSTIN                                  CA         92680           40,000
    39,931.40       13.25        180,000       171,678        2,598
 96/09/26       16/10/15          240       238       117.60
 Y       COND         C          2
 568049047         2536137        8020 LANGDON AVENUE #2
 VAN NUYS                                CA         91406           25,000
    24,941.95       14.25        134,000       107,000          402
 96/09/06       16/09/24          240       237        98.51
 Y       SFR          C          2
 568062080         2536138        39581 PLUMAS COURT
 FREMONT                                 CA         94538           50,000
    49,703.84       14.75        242,557       212,326        2,900
 96/08/08       21/08/14          300       296       108.15
 Y       SFR          C          2
 567960599         2536139        1334 TREVOR WAY
 ROSEVILLE                               CA         95678           35,500
    35,160.45       13.99        157,440       157,858        2,150
 96/05/22       11/06/07          180       174       122.81
 Y       SFR          C          2
 567963325         2536140        25988 BUCKHORN LANE
 PIONEER                                 CA         95666           25,000
    24,682.02       13.99        113,000        87,852        1,187
 96/05/28       11/06/02          180       174        99.87
 Y       SFR          C          2
 567983170         2536141        18048 9TH AVENUE NE
 SHORELINE                               WA         98155           25,000
    24,884.42       14.49        122,000       122,500        1,521
 96/09/16       16/09/20          240       237       120.90
 Y       SFR          C          2
 567882628         2536142        421 RIDGE VIEW DRIVE
 PLEASANT HILL                           CA         94523           22,750
    22,633.23       13.75        154,750       136,000        2,381
 96/09/03       11/09/15          180       177       102.58
 Y       SFR          C          2
 567937799         2536143        6015 PROSPECT AVENUE
 MAYWOOD                                 CA         90270           40,000
    39,870.49       13.75        195,000       135,066        1,894
 96/07/27       16/08/20          240       236        89.78
 Y       SFR          C          2

 
 567946355         2536144        2605 BUGLE WAY
 ANTIOCH                                 CA         94509           30,500
    30,481.04       14.99        174,000       182,375        2,522
 96/10/03       21/10/23          300       298       122.34
 Y       SFR          C          2
 567784381         2536145        741 DEL MAR DRIVE
 HOLLISTER                               CA         95023           45,000
    44,974.05       15.49        182,091       177,378        2,413
 96/09/05       21/10/02          300       298       122.12
 Y       SFR          C          2
 567860441         2536146        1413 GREENHILLS ROAD
 SACRAMENTO                              CA         95864           70,000
    69,649.28       14.00        135,000        93,604        2,114
 96/08/24       11/09/11          180       177       121.19
 Y       SFR          C          2
 567862342         2536147        1380 IVY KNOLL COURT
 PLACERVILLE                             CA         95667           49,450
    49,405.78       15.25        246,000       195,185        2,094
 96/07/31       21/08/06          300       296        99.45
 Y       SFR          C          2
 567765927         2536148        213 NORTHEAST 129TH ST
 VANCOUVER                               WA         98685           40,000
    39,970.34       16.25        115,000        98,000        1,802
 96/08/19       21/08/23          300       296       120.00
 Y       SFR          C          2
 567769339         2536149        14230 16TH AVENUE
 LEMOORE                                 CA         93245           50,000
    49,856.74       15.50        140,000       122,500        2,129
 96/09/20       11/10/01          180       178       123.21
 Y       SFR          C          2
 567782486         2536150        385 ARCHER PLACE
 DIXON                                   CA         95620           45,700
    45,685.88       14.99        149,000       140,541        2,227
 96/10/22       21/11/01          300       299       124.99
 Y       SFR          C          2
 567717331         2536151        2760 BEAVER CREEK LANE
 ONTARIO                                 CA         91761           22,000
    21,924.44       13.75        118,000       111,955        1,570
 96/10/10       11/10/25          180       178       113.52
 Y       COND         C          2
 567729896         2536153        3735 MARCHANT DRIVE
 SAN JOSE                                CA         95127           67,000
    66,971.50       13.25        187,000       144,000        2,654
 96/10/16       21/12/21          300       300       112.83
 Y       SFR          C          2
 567684761         2536154        1419 MATCHLEAF AVENUE
 HACIENDA HEIGHTS                        CA         91745           34,000
    32,791.24       14.75        145,000       138,085        2,370
 96/07/18       11/08/07          180       176       118.68
 Y       SFR          C          2
 567688720         2536155        8936 SOUTH GATE AVENUE
 SOUTH GATE                              CA         90280           27,000
    26,918.72       15.00        140,000       125,000        1,507
 96/09/06       11/10/01          180       178       108.57
 Y       SFR          C          2
 567607835         2536156        4600 STEINBERG ROAD
 ATWATER                                 CA         95301           30,000
    29,964.00       15.25        185,000       169,742        2,356
 96/08/03       21/08/15          300       296       107.97
 Y       SFR          C          2
 567627674         2536157        110 RIVER RIDGE WAY
 FOLSOM                                  CA         95630           75,000
    74,974.58       14.49        265,000       212,907        3,753
 96/11/01       21/11/06          300       299       108.64
 Y       SFR          C          2
 567582929         2536158        1936 CAMMARGO DRIVE
 SAN JOSE                                CA         95132           75,000
    74,976.83       14.99        232,000       185,702        2,934
 96/10/15       21/11/07          300       299       112.37
 Y       SFR          C          2

 
 567601186         2536159        1630 RUSH AVENUE
 VISTA                                   CA         92084           36,636
    36,617.16       16.00        138,500       132,477        1,621
 96/09/25       21/10/10          300       298       122.10
 Y       SFR          C          2
 567601401         2536160        1905 DAILEY COURT
 DIXON                                   CA         95620           50,000
    49,950.92       14.75        205,000       163,213        2,757
 96/09/03       21/09/10          300       297       104.01
 Y       SFR          C          2
 567552970         2536161        3404 LADRILLO AISLE
 IRVINE                                  CA         92714           20,000
    20,000.00       13.75        156,701       148,789        1,761
 96/10/24       21/11/15          300       300       107.71
 Y       COND         C          2
 567555453         2536162        840 LORENZO STREET
 HICKMAN                                 CA         95323           10,000
     9,966.79       14.50         85,000        82,395          795
 96/07/24       16/08/01          240       236       108.70
 Y       SFR          C          2
 567528619         2536164        1329 NORTH EDISON STRE
 STOCKTON                                CA         95203           44,500
    44,428.77       13.75        163,200       142,610        1,487
 96/10/09       16/10/15          240       238       114.65
 Y       SFR          C          2
 567538493         2536165        486 CARR AVENUE
 AROMAS                                  CA         95004           29,750
    29,001.53       14.25        184,800       174,000        2,151
 96/08/30       21/09/27          300       297       110.25
 Y       SFR          C          2
 567540421         2536166        1826 RHIANNA COURT
 SANTA ROSA                              CA         95401           50,000
    49,968.97       15.00        169,900       161,000        2,247
 96/09/30       21/10/15          300       298       124.19
 Y       SFR          C          2
 567484983         2536167        1693 E ROCHELLE AVENUE
 LAS VEGAS                               NV         89119           25,000
    24,982.96       14.50         80,000        64,575        1,289
 96/09/27       21/10/01          300       298       111.97
 Y       COND         C          2
 567492014         2536168        4386 CONEJO DRIVE
 DANVILLE                                CA         94506           50,000
    49,953.16       15.00        217,000       199,500        1,710
 96/07/24       21/09/04          300       297       114.98
 Y       SFR          C          2
 567457106         2536170        6487 BENNETT VALLEY RO
 SANTA ROSA                              CA         95404           25,000
    24,965.19       14.75        330,000       301,125        4,203
 96/09/05       16/10/01          240       238        98.83
 Y       SFR          C          2
 567459243         2536171        4129 MEADOW BROOK LANE
 SALIDA                                  CA         95368           30,000
    29,959.61       14.99        128,000       127,068        2,266
 96/10/11       16/10/18          240       238       122.71
 Y       SFR          C          2
 567478474         2536172        7602 ALHAMBRA DRIVE
 HUNTINGTON BEACH                        CA         92647           75,000
    74,866.82       13.25        205,000       148,405        2,628
 96/10/22       11/11/12          180       179       108.98
 Y       SFR          C          2
 567416642         2536173        6419 EAST MARITA STREE
 LONG BEACH                              CA         90815           25,000
    24,972.76       13.75        173,000       161,431        1,411
 96/08/08       21/09/01          300       297       107.76
 Y       SFR          C          2
 567436092         2536174        18 SAN SEBASTIAN
 RANCHO SANTA MARGARITA                  CA         92688           30,500
    30,447.26       13.25        208,500       199,606        3,263
 96/08/14       21/09/01          300       297       110.36
 Y       SFR          C          2

 
 567334959         2536175        1219 CARDONA WAY
 SAN JOSE                                CA         95131           49,000
    48,662.74       13.75        321,607       285,688        2,572
 96/07/11       11/08/16          180       176       104.07
 Y       SFR          C          2
 567351455         2536176        2049 ASPEN LANE
 EL CAJON                                CA         92019           47,300
    47,269.25       14.75        215,000       188,816        2,624
 96/09/11       21/09/27          300       297       109.82
 Y       SFR          C          2
 567354902         2536177        355 EAST 69TH WAY
 LONG BEACH                              CA         90805           34,000
    33,923.41       14.25        140,000       139,231        2,106
 96/08/21       16/09/04          240       237       123.74
 Y       SFR          C          2
 567274170         2536178        1517 HOWE STREET
 BOISE                                   ID         83706           40,000
    39,985.82       14.25         79,000        58,684        1,386
 96/10/24       21/11/06          300       299       124.92
 Y       SFR          C          2
 567291545         2536179        4452 LA QUINTA PLACE
 OCEANSIDE                               CA         92057           50,000
    49,982.29       14.25        151,000       135,648        2,090
 96/10/10       21/10/24          300       298       122.95
 Y       SFR          C          2
 567297026         2536180        2855 ELMHURST CIRCLE
 FAIRFIELD                               CA         94533           38,000
    38,000.00       14.75        158,000       135,167        2,182
 96/11/12       21/12/15          300       300       109.60
 Y       SFR          C          2
 567173932         2536181        2403 HEATHERWOOD COURT
 ESCONDIDO                               CA         92026           49,990
    49,954.35       14.25        153,270       141,041        2,801
 96/09/27       21/10/22          300       298       124.64
 Y       SFR          C          2
 567196701         2536182        19611 ORVIENTO DRIVE
 TRABUCO CANYON                          CA         92679           25,000
    24,990.29       13.75        129,000       104,505        1,449
 96/11/06       21/11/15          300       299       100.39
 Y       COND         C          2
 567213632         2536183        872 SOUTH GLENWOOD AVE
 RIALTO                                  CA         92376           38,700
    38,635.88       13.50        107,000        93,313        1,322
 96/09/25       16/10/15          240       238       123.38
 Y       SFR          C          2
 567132752         2536184        57 NORTH JASMINE AVENU
 CLOVIS                                  CA         93611           32,000
    31,949.67       14.50        139,000       130,008        1,996
 96/08/29       11/10/17          180       178       116.55
 Y       SFR          C          2
 567170168         2536185        1210 S. BENDER AVENUE
 GLENDORA                                CA         91740           38,250
    37,874.12       14.49        169,000       172,402        2,465
 96/04/16       16/04/25          240       232       124.65
 Y       SFR          C          2
 567173095         2536186        8268 TORERO PLACE
 SAN DIEGO                               CA         92126           44,500
    44,435.83       14.50        160,252       145,139        2,896
 96/07/30       16/09/18          240       237       118.34
 Y       SFR          C          2
 567048347         2536187        700 MELANIE WAY
 SACRAMENTO                              CA         95831           46,000
    45,970.39       15.49        140,000       128,464        2,058
 96/10/02       21/10/15          300       298       124.62
 Y       SFR          C          2
 567086976         2536188        24671 CATALONIA CIRCLE
 MISSION VIEJO                           CA         92691           50,000
    49,919.98       13.75        246,000       205,039        3,828
 96/08/26       16/10/01          240       238       103.67
 Y       SFR          C          2

 
 567130649         2536189        1080 EAST PUTNAM
 PORTERVILLE                             CA         93257           32,000
    31,974.99       13.75         78,600        65,671        1,273
 96/09/10       21/10/01          300       298       124.26
 Y       SFR          C          2
 566985615         2536190        1642 BRANHAM LANE #D
 SAN JOSE                                CA         95118           51,000
    50,965.23       14.49        155,000       127,000        1,951
 96/10/17       21/11/01          300       299       114.84
 Y       COND         C          2
 567029661         2536191        2153 SATICOY STREET
 POMONA                                  CA         91767           36,780
    35,393.40       13.75        139,000       136,970        1,877
 96/06/03       06/06/12          120       114       125.00
 Y       SFR          C          2
 567042950         2536192        415 EAST ROSEWOOD COUR
 ONTARIO                                 CA         91764           25,000
    24,850.65       13.49        142,000       109,902        1,722
 96/05/09       16/05/28          240       233        95.00
 Y       SFR          C          2
 566944051         2536193        8502 BANYAN STREET
 RANCHO CUCAMONGA                        CA         91701           17,500
    17,500.00       13.75        215,000       205,528        2,465
 96/11/15       21/11/28          300       300       103.73
 Y       SFR          C          2
 566968762         2536194        14224 POINT JUDITH STR
 FONTANA                                 CA         92335           41,000
    40,901.67       14.25        175,000       157,856        1,919
 96/07/30       21/08/12          300       296       113.63
 Y       SFR          C          2
 566981462         2536195        40274 VIA REATA
 MURRIETA                                CA         92562           30,000
    29,732.09       13.49        177,000       176,173        2,035
 96/04/15       16/05/01          240       233       116.48
 Y       SFR          C          2
 566922542         2536196        8270 WINTERWOOD AVENUE
 STANTON                                 CA         90680           75,000
    74,911.62       13.75        225,000       193,500        2,503
 96/07/31       21/09/16          300       297       119.33
 Y       SFR          C          2
 566941277         2536197        1132 PIMA AVENUE
 WEST COVINA                             CA         91790           50,000
    49,970.39       15.25        178,800       142,800        2,057
 96/09/19       21/10/04          300       298       107.83
 Y       SFR          C          2
 566943755         2536198        9456 BALSA STREET
 RANCHO CUCAMONGA                        CA         91732           20,000
    19,960.24       13.75        130,000       120,465        1,371
 96/06/19       21/07/01          300       295       108.05
 Y       SFR          C          2
 566886578         2536199        36-304 CAMINO DEL MAR
 CATHEDRAL CITY                          CA         92234           32,500
    32,436.31       15.25        170,000       158,706        3,050
 96/08/21       16/09/13          240       237       112.47
 Y       SFR          C          2
 566889629         2536200        1217 JULIETTE PLACE
 FALLBROOK                               CA         92028           40,000
    39,586.42       15.49        172,000       169,272        2,702
 96/05/15       16/05/24          240       233       121.67
 Y       SFR          C          2
 566881605         2536202        2259 HOLLOWPARK COURT
 THOUSAND OAKS                           CA         91362           50,000
    49,919.96       13.75        210,000       197,803        3,075
 96/09/24       16/10/15          240       238       118.00
 Y       SFR          C          2
 566885405         2536203        35813 CARTER STREET
 YUCAIPA                                 CA         92399           45,000
    44,982.53       13.75        180,000       164,947        2,638
 96/10/30       21/11/22          300       299       116.64
 Y       SFR          C          2

 
 566820708         2536204        1445 WILLOWMONT AVENUE
 SAN JOSE                                CA         95118           50,000
    49,605.93       13.75        230,203       210,243        2,787
 96/09/11       06/10/01          120       118       113.05
 Y       SFR          C          2
 566843169         2536205        6748 WAVERLY ROAD
 MARTINEZ                                CA         94553           30,000
    30,000.00       14.50        210,000       193,069        3,831
 96/11/24       22/01/05          300       300       106.22
 Y       SFR          C          2
 566798879         2536206        2633 FENMEAD STREET
 WEST COVINA                             CA         91792           25,000
    24,918.98       14.25        190,000       157,909        2,044
 96/09/04       11/09/18          180       177        96.27
 Y       SFR          C          2
 566802216         2536207        307 KATHLEEN DRIVE
 PLEASANT HILL                           CA         94523           22,000
    21,836.91       12.99        212,000       193,767        2,503
 96/06/14       16/06/20          240       234       101.78
 Y       SFR          C          2
 566814657         2536208        1535 WEST CERRITOS AVE
 ANAHEIM                                 CA         92802           30,000
    29,976.57       13.75        165,000       136,479        1,606
 96/10/11       21/10/15          300       298       100.90
 Y       SFR          C          2
 566771860         2536209        19146 BEL AIR DRIVE
 WALNUT                                  CA         91789           64,000
    63,947.28       13.50        240,000       235,817        4,998
 96/09/24       16/11/01          240       239       124.92
 Y       SFR          C          2
 566784789         2536210        3156 CHERRY ACRES ROAD
 COOL                                    CA         95614           30,000
    29,677.64       14.49        152,500       148,299        4,042
 96/05/02       11/05/10          180       173       116.92
 Y       SFR          C          2
 566742143         2536211        4511 CASTELAR STREET
 SAN DIEGO                               CA         92107           20,000
    19,904.53       14.50        188,000       179,613        2,757
 96/07/31       11/09/12          180       177       106.18
 Y       SFR          C          2
 566747313         2536212        6242 CARTILLA AVENUE
 RANCHO CUCAMONGA                        CA         91737            9,000
     8,935.00       13.25        125,000       109,576        1,179
 96/07/24       11/08/15          180       176        94.86
 Y       SFR          C          2
 566757233         2536213        29175 LOCUST AVENUE
 MORENO VALLEY                           CA         92555           40,000
    39,417.24       14.99        235,000       194,345        1,144
 96/05/20       11/06/01          180       174        99.72
 Y       SFR          C          2
 566688618         2536214        7498 CONCORD AVENUE
 FONTANA                                 CA         92336           30,000
    29,821.51       15.25        130,000       108,339        1,743
 96/08/10       11/08/16          180       176       106.41
 Y       SFR          C          2
 566700472         2536216        5005 ROSARIO AVENUE
 ATASCADERO                              CA         93422           52,000
    51,932.90       13.25        158,500       134,480        1,800
 96/09/12       21/09/15          300       297       117.65
 Y       SFR          C          2
 566628399         2536217        3999 FREDONIA DRIVE
 LOS ANGELES                             CA         90068           40,000
    39,968.16       13.75        357,750       294,123        4,173
 96/10/25       16/11/19          240       239        93.40
 Y       SFR          C          2
 566675907         2536218        7319 OWLCREST COURT
 NORTH HIGHLANDS                         CA         95660           30,000
    29,676.90       14.75        140,000       118,226        1,727
 96/08/12       11/08/28          180       176       105.88
 Y       SFR          C          2

 
 566677881         2536219        3536 RIVERSIDE DRIVE
 CHINO                                   CA         91710           50,000
    50,000.00       14.75        185,000       176,883        2,481
 96/11/06       16/12/11          240       240       122.64
 Y       SFR          C          2
 5665878351        2536220        925 OAKLEAF WAY
 STOCKTON                                CA         95209           25,000
    24,959.74       14.25        115,000        89,796        1,564
 96/09/29       11/11/01          180       179        99.82
 Y       SFR          C          2
 566608395         2536221        867 LAKE TERRACE CIRCL
 DAVIS                                   CA         95616           70,000
    68,567.92       14.25        260,000       186,900        2,660
 96/06/26       06/07/03          120       115        98.81
 Y       SFR          C          2
 566625905         2536222        32130 WINDSONG ROAD
 WILDOMAR                                CA         92595           45,000
    44,963.34       15.75        190,000       176,465        2,180
 96/08/30       21/09/01          300       297       116.56
 Y       SFR          C          2
 566564655         2536223        165 RUBY COURT
 LIVERMORE                               CA         94550           75,000
    74,737.47       13.49        225,000       186,000        3,657
 96/09/20       21/11/11          300       299       116.00
 Y       SFR          C          2
 566585092         2536224        9625 PALM BEACH LANE
 SAN DIEGO                               CA         92129           60,000
    60,000.00       15.75        250,000       224,987        2,921
 96/10/06       21/12/15          300       300       113.99
 Y       SFR          C          2
 566586387         2536225        9366 LAURENTIAN DRIVE
 SAN DIEGO                               CA         92129           54,000
    53,935.22       15.25        260,372       138,000        2,770
 96/08/20       21/09/01          300       297        73.74
 Y       SFR          C          2
 566463162         2536226        3363 ROSARIO CIRCLE
 LAS VEGAS                               NV         89121           50,000
    49,969.98       15.75        135,000       116,483        1,998
 96/09/27       16/11/01          240       239       123.32
 Y       SFR          C          2
 566511694         2536227        2589 DARWIN STREET
 HAYWARD                                 CA         94545           30,000
    29,793.49       13.75        166,000       152,158        1,760
 96/07/22       11/08/01          180       176       109.73
 Y       SFR          C          2
 566553463         2536228        2407 ECKLESON STREET
 LAKEWOOD                                CA         90712           75,000
    74,935.84       13.25        198,000       172,304        3,000
 96/09/26       21/10/16          300       298       124.90
 Y       SFR          C          2
 566435974         2536229        324 RIDGECREST CIRCLE
 SUISUN CITY                             CA         94585           30,000
    29,753.24       14.75        170,000       153,000        2,389
 96/09/11       11/10/09          180       178       107.65
 Y       SFR          C          2
 566450142         2536230        16721 WEST OTT DRIVE
 DELHI                                   CA         95315           30,000
    29,924.04       14.49        100,000        94,916        1,253
 96/10/16       16/10/23          240       238       124.92
 Y       SFR          C          2
 566460818         2536231        1321 BROOKDALE AVENUE
 LA HABRA                                CA         90631           16,100
    16,084.20       14.75        325,000       256,637        3,368
 96/09/04       21/09/15          300       297        83.92
 Y       SFR          C          2
 566394347         2536232        10328 FLORALITA AVENUE
 SUNLAND                                 CA         91040           27,000
    26,857.98       13.25        185,000       156,075        1,642
 96/06/09       16/06/24          240       234        98.96
 Y       SFR          C          2

 
 566412541         2536233        6 BOLERO
 MISSION VIEJO                           CA         92692           48,000
    47,916.96       13.25        237,488       220,000        2,731
 96/08/29       21/09/06          300       297       112.85
 Y       SFR          C          2
 566433781         2536234        20128 EAST ARROW HIGHW
 COVINA                                  CA         91724           25,000
    24,983.74       14.75        149,958       113,146        2,026
 96/10/09       21/10/17          300       298        92.12
 Y       COND         C          2
 566372800         2536235        25572 FALLENWOOD
 LAKE FOREST                             CA         92630           30,000
    29,973.34       13.25        240,000       220,769        2,611
 96/08/28       21/09/18          300       297       104.49
 Y       SFR          C          2
 566393280         2536236        12133 OVERCREST DRIVE
 YUCAIPA                                 CA         92399           40,000
    39,912.96       14.50        140,000       130,398        2,553
 96/08/29       16/09/15          240       237       121.71
 Y       SFR          C          2
 566297269         2536237        6649 BIRNAM STREET
 RIO LINDA                               CA         95673           30,000
    29,975.46       13.50        110,201        92,832        1,337
 96/10/10       21/10/15          300       298       111.46
 Y       SFR          C          2
 566312092         2536238        11697 VIA ISABEL
 EL CAJON                                CA         92019           50,000
    49,791.50       15.25        198,000       187,853        3,133
 96/07/09       16/07/13          240       235       120.13
 Y       SFR          C          2
 566355681         2536239        10695 MOORFIELD STREET
 ADELANTO                                CA         92301           25,000
    24,894.78       14.25         87,500        83,709        1,483
 96/06/22       16/07/03          240       235       124.24
 Y       SFR          C          2
 566238224         2536240        9229 RIO VISTA ROAD
 FORESTVILLE                             CA         95436           25,000
    24,976.88       14.25        137,190       102,000          770
 96/10/03       16/11/01          240       239        92.57
 Y       SFR          C          2
 566250817         2536241        7378 MISSION TRAILS DR
 SANTEE                                  CA         92071           24,000
    23,982.18       14.25        125,000        98,482        1,361
 96/11/15       16/11/20          240       239        97.99
 Y       COND         C          2
 566271108         2536242        14606 WOODLAND DRIVE #
 FONTANA                                 CA         92337           30,000
    29,949.25       13.75        112,000       103,466        3,026
 96/10/09       11/10/18          180       178       119.17
 Y       SFR          C          2
 566230928         2536243        255 NORTH LARCH STREET
 ANAHEIM                                 CA         92805           30,000
    29,676.02       14.99        146,300       138,985        2,122
 96/04/08       16/04/15          240       232       115.51
 Y       SFR          C          2
 566232329         2536244        4132 FREEMSTER AVENUE
 VISALIA                                 CA         93292           29,000
    28,819.54       13.25        105,000        83,400          716
 96/09/13       16/10/15          240       238       107.05
 Y       SFR          C          2
 566237875         2536245        6700 CARRWOOD STREET
 ORANGEVALE                              CA         95662           25,000
    24,880.57       14.49        145,000       135,302        2,388
 96/09/06       11/09/13          180       177       110.55
 Y       SFR          C          2
 566156400         2536246        630 BELMONT COURT
 UPLAND                                  CA         91784           29,400
    28,902.00       14.25        230,000       224,375        2,675
 96/11/20       21/12/27          300       300       110.34
 Y       SFR          C          2

 
 566172947         2536247        8430 HAPPY WAY SO
 EL CAJON                                CA         92021           40,000
    39,863.22       15.25        135,000       122,000        1,728
 96/06/28       16/07/16          240       235       120.00
 Y       COND         C          2
 566176321         2536248        1060 JOSEPH DRIVE
 HEMET                                   CA         92545           27,000
    26,644.58       13.25        129,000       122,116        1,459
 96/09/30       06/10/15          120       118       115.59
 Y       SFR          C          2
 566116438         2536249        255 OPAL CANYON ROAD
 DUARTE                                  CA         91010           63,000
    62,935.26       14.50        234,169       186,797        2,464
 96/08/03       21/08/22          300       296       106.67
 Y       SFR          C          2
 566133455         2536250        1874 PROVIDENCE WAY
 CORONA                                  CA         91720           40,500
    40,374.94       14.75        155,000       145,997        2,444
 96/08/30       11/10/16          180       178       120.32
 Y       SFR          C          2
 566150371         2536251        405 SOUTH PEARL AVENUE
 COMPTON                                 CA         90221           40,000
    39,752.02       14.99        137,000       125,000        1,708
 96/06/07       16/06/18          240       234       120.44
 Y       SFR          C          2
 566083506         2536252        1869 WEDGEWOOD AVENUE
 UPLAND                                  CA         91784           75,000
    74,879.19       14.25        220,000       183,685        3,557
 96/10/21       11/11/07          180       179       117.58
 Y       SFR          C          2
 566083853         2536253        14852 BELCOURT DRIVE
 WHITTIER                                CA         90604           62,000
    61,975.93       13.75        155,000       113,951        1,753
 96/10/22       21/11/01          300       299       113.52
 Y       SFR          C          2
 566043710         2536254        4661 CONSUMNES VIEW TR
 PLACERVILLE                             CA         95667           20,000
    19,899.68       13.99        152,500       114,000        1,970
 96/09/11       11/09/18          180       177        87.87
 Y       SFR          C          2
 566063173         2536255        2935 SOUTH CEDAR RIDGE
 ONTARIO                                 CA         91761           49,500
    49,347.44       15.75        150,000       134,214        2,190
 96/06/17       16/07/11          240       235       122.48
 Y       SFR          C          2
 566082514         2536256        2440 N. KOA DRIVE
 RIALTO                                  CA         92377           40,000
    39,890.92       14.99        145,000       140,530        3,695
 96/06/15       16/07/12          240       235       124.50
 Y       SFR          C          2
 565988758         2536257        476 PATTON AVENUE
 SAN JOSE                                CA         85128           35,000
    34,842.88       15.49        210,000       200,178        3,023
 96/07/25       16/08/01          240       236       111.99
 Y       SFR          C          2
 566021759         2536258        926 LESTER AVENUE
 RENO                                    NV         89502           39,000
    38,869.12       13.49        107,000        88,496        1,206
 96/08/08       16/08/15          240       236       119.16
 Y       SFR          C          2
 565966781         2536259        14989 BLEEKER STREET
 SYLMAR                                  CA         91342           30,750
    29,668.67       14.25        151,556       123,296        1,998
 96/07/18       01/08/01           60        56       101.64
 Y       SFR          C          2
 565974570         2536260        13370 CONCORD AVENUE
 CORONA                                  CA         91719           30,000
    29,905.26       13.75        127,000        91,012        1,625
 96/08/05       16/09/12          240       237        95.29
 Y       SFR          C          2

 
 565983521         2536261        15920 VIA MEDIA
 SAN LORENZO                             CA         94580           65,000
    64,974.75       13.75        205,000       174,825        3,214
 96/09/12       21/11/05          300       299       116.99
 Y       SFR          C          2
 5659418331        2536262        2646 LEVANTE STREET
 CARLSBAD                                CA         92009           75,000
    74,970.88       13.75        244,000       218,162        3,277
 96/10/28       21/11/20          300       299       120.15
 Y       SFR          C          2
 565942623         2536263        859 CARDONA PLACE
 HEMET                                   CA         92543           30,800
    30,800.00       13.75         96,000        83,918        1,110
 96/11/06       21/12/15          300       300       119.50
 Y       SFR          C          2
 565966459         2536264        13825 BEAVER STEET 364
 SYLMAR AREA                             CA         91342           32,000
    31,927.90       14.25         86,500        75,698        1,352
 96/09/07       16/10/04          240       238       124.51
 Y       COND         C          2
 565892512         2536265        266 WEST 235TH STREET
 CARSON                                  CA         90745           30,000
    29,834.94       13.75        159,400       141,957        1,909
 96/09/03       11/09/17          180       177       107.88
 Y       SFR          C          2
 565925222         2536266        712 S. GRAMERCY DRIVE
 LOS ANGELES                             CA         90005           34,000
    33,983.30       16.25        190,000       154,522        1,961
 96/08/13       21/10/01          300       298        99.22
 Y       SFR          C          2
 565940986         2536267        21901 CAMARGO
 MISSION VIEJO                           CA         92691           50,000
    49,955.30       15.25        213,639       193,653        3,501
 96/08/09       21/08/28          300       296       114.05
 Y       SFR          C          2
 565859105         2536268        97 TIMBRE
 RANCHO SANTA MARGARITA                  CA         92688           30,000
    29,976.12       13.75         92,000        60,842        1,418
 96/10/16       16/11/01          240       239        98.74
 Y       COND         C          2
 565869433         2536269        25660 ARAUCANA STREET
 HEMET                                   CA         92544           25,000
    24,978.68       13.25         70,000        51,918          670
 96/10/25       16/11/20          240       239       109.88
 Y       SFR          C          2
 565821676         2536271        6251 EAST 5TH STREET
 LONG BEACH                              CA         90803           25,000
    23,872.06       14.25        260,000       191,247        2,647
 96/05/23       16/06/05          240       234        83.17
 Y       SFR          C          2
 565824233         2536272        8947 IVANPAH COURT
 ELK GROVE                               CA         95624           40,000
    39,741.96       14.25        189,990       179,700        2,390
 96/08/26       16/09/19          240       237       115.64
 Y       SFR          C          2
 565825308         2536273        5570 MONTCLAIR DRIVE
 ROCKLIN                                 CA         95677           20,000
    19,849.17       14.49        151,500       169,165        1,820
 96/10/09       06/10/21          120       118       124.86
 Y       SFR          C          2
 565803132         2536274        8744 SKI COURT
 ELK GROVE                               CA         95624           17,000
    16,992.77       13.25        115,000       104,000        1,215
 96/10/14       21/11/01          300       299       105.22
 Y       SFR          C          2
 565807698         2536275        43619 PALM AVENUE
 HEMET                                   CA         92544           25,000
    24,912.85       13.50         87,000        73,923        1,577
 96/09/24       11/10/10          180       178       113.70
 Y       SFR          C          2

 
 565820978         2536276        3445 RUBIO CREST DRIVE
 ALTADENA                                CA         91001           50,000
    49,966.96       14.99        325,000       295,600        4,536
 96/09/26       21/10/02          300       298       106.34
 Y       SFR          C          2
 565795728         2536277        145 CIMMAMON TEAL
 ALISO VIEJO                             CA         92656           25,000
    24,803.53       14.75        126,000       125,905        1,797
 96/07/03       11/07/09          180       175       119.77
 Y       COND         C          2
 565799459         2536278        12255 DAISY COURT
 RANCHO CUCAMONGA                        CA         91739           41,450
    40,336.30       13.25        121,500       109,599        1,683
 96/08/08       06/08/21          120       116       124.32
 Y       SFR          C          2
 565800947         2536279        3517 ERNEST STREET
 NORTH LAS VEGAS                         NV         89030           40,000
    39,870.52       15.49        136,000       102,000        2,496
 96/07/25       16/08/01          240       236       104.41
 Y       SFR          C          2
 565741724         2536280        1311 GLENCROFT ROAD
 GLENDORA                                CA         91740           52,000
    51,916.75       13.75        197,750       179,567        1,849
 96/08/15       16/09/15          240       237       117.10
 Y       SFR          C          2
 565743333         2536281        14006 WESTDALE DRIVE
 BAKERSFIELD                             CA         93312           72,500
    72,374.59       13.25        158,965       125,695        2,734
 96/08/23       21/09/11          300       297       124.68
 Y       SFR          C          2
 565781309         2536282        8289 JANIS STREET
 RIVERSIDE                               CA         92504           25,000
    24,362.85       14.49        105,000        88,354        1,324
 96/04/19       11/05/01          180       173       107.96
 Y       SFR          C          2
 565698069         2536283        310 SAN VITO COURT
 SAN JOSE                                CA         95116           40,500
    40,474.86       15.00         99,000        83,248        1,688
 96/10/18       21/11/01          300       299       125.00
 Y       MHN          C          2
 565718951         2536284        3374 CLAVELITA STREET
 SAN DIEGO                               CA         92154           25,000
    25,000.00       13.75        142,000       135,282        1,434
 96/10/15       16/11/15          240       240       112.87
 Y       SFR          C          2
 565724042         2536285        1719 CARIGNANE WAY
 ESCALON                                 CA         95320           25,000
    24,798.52       14.49        145,000       136,861        1,796
 96/05/30       11/06/06          180       174       111.63
 Y       SFR          C          2
 5656345301        2536286        4329 GENTRY AVENUE
 STUDIO CITY                             CA         91604           75,000
    74,944.04       14.00        260,000       233,319        2,427
 96/08/31       21/10/02          300       298       118.58
 Y       SFR          C          2
 5656601401        2536287        1481 PHELPS AVENUE
 VENTURA                                 CA         93004           62,500
    62,426.35       13.75        272,000       202,400        1,469
 96/07/13       21/08/23          300       296        97.39
 Y       SFR          C          2
 565665654         2536288        5615 NORTHEAST 37TH AV
 PORTLAND                                OR         97211           20,000
    19,952.59       15.99        140,000       109,543        1,809
 96/09/30       21/10/07          300       298        92.53
 Y       SFR          C          2
 565599465         2536289        1622 MELLOWOOD STREET
 PITTSBURG                               CA         94565           50,000
    49,914.25       13.25        190,000       163,000        2,609
 96/09/17       16/10/04          240       238       112.11
 Y       SFR          C          2

 
 565607459         2536290        1123 HEARTH COURT
 SAN JOSE                                CA         95120           75,000
    75,000.00       13.25        215,000       189,000        2,636
 96/11/06       21/11/28          300       300       122.79
 Y       SFR          C          2
 565631148         2536291        36 CORNICHE DRIVE #E
 DANA POINT                              CA         92629           29,000
    28,975.28       13.25        184,000       115,399        1,703
 96/11/07       16/11/20          240       239        78.48
 Y       COND         C          2
 565577851         2536292        4483 FLANDERS STREET
 DENVER                                  CO         80299           45,000
    44,951.60       14.25        120,000       104,188        1,900
 96/08/24       21/09/24          300       297       124.32
 Y       SFR          C          2
 565579820         2536293        4520 SUNNYCREST DRIVE
 UKIAH                                   CA         95482           52,000
    51,880.98       14.50        135,000        65,304        1,211
 96/09/13       16/09/15          240       237        86.89
 Y       SFR          C          2
 565575813         2536294        2135 WEST HOUSTON AVEN
 FULLERTON                               CA         92833           30,000
    29,977.61       14.00        155,000       154,240        1,925
 96/10/08       21/10/15          300       298       118.86
 Y       SFR          C          2
 565576750         2536295        2379 CHERRY HILLS DRIV
 DISCOVERY BAY                           CA         94514           25,000
    24,992.96       15.49        150,000       134,000        1,492
 96/10/07       21/10/17          300       298       106.00
 Y       SFR          C          2
 565556097         2536296        18 SAN BONIFACIO STREE
 RANCHO SANTA MARGARITA                  CA         92688           25,000
    24,229.66       14.49        200,000       180,000        2,760
 96/04/02       16/04/11          240       232       102.50
 Y       SFR          C          2
 565569550         2536297        569 JENNINGS
 VALLEJO                                 CA         94591           30,000
    29,379.29       13.51        115,000       103,225        1,280
 96/09/23       16/09/01          240       237       115.85
 Y       SFR          C          2
 565570443         2536298        7636 DOWNING PLACE WAY
 ANTELOPE                                CA         95843           25,000
    24,885.73       14.99         94,000        77,229        1,083
 96/09/09       11/09/13          180       177       108.75
 Y       SFR          C          2
 565517600         2536299        22392 CAMINITO TECATE
 LAGUNA HILLS                            CA         92653           21,000
    20,965.16       13.49        139,000       133,960        2,154
 96/09/30       16/10/04          240       238       111.48
 Y       COND         C          2
 565539995         2536300        11939 VIVIENDA COURT
 GRAND TERRACE                           CA         92313           30,000
    29,976.57       13.75        105,000        92,769        1,469
 96/08/12       21/09/20          300       297       116.92
 Y       SFR          C          2
 565502132         2536301        43348 WINDROSE LANE
 LANCASTER                               CA         93536           38,000
    37,873.58       13.25        140,000       135,150        1,918
 96/08/13       21/08/01          300       296       123.68
 Y       SFR          C          2
 565511791         2536302        8105 EARLY MORNING WAY
 ANTELOPE                                CA         95843           30,000
    30,000.00       14.25        130,000       126,000        2,857
 96/11/25       11/12/28          180       180       120.00
 Y       SFR          C          2
 565492131         2536303        1550  VIA ARROYO
 PASO ROBLES                             CA         93446           29,500
    29,491.71       15.50        204,000       178,592        1,947
 96/10/15       21/11/01          300       299       102.01
 Y       SFR          C          2

 
 565492640         2536304        14523 FIDEL AVENUE
 NORWALK                                 CA         90650           25,000
    24,870.81       13.25        135,000       113,265        1,270
 96/06/19       16/07/09          240       235       102.42
 Y       SFR          C          2
 565494132         2536305        15170 ROLLING RIDGE DR
 CHINO HILLS                             CA         91709           25,000
    24,271.14       13.75        175,000       148,637        1,777
 96/08/14       11/09/11          180       177        99.22
 Y       SFR          C          2
 565433283         2536306        6541 GUNDRY AVENUE
 LONG BEACH                              CA         90805           38,000
    37,827.31       15.00        146,725       138,373        2,286
 96/08/09       11/08/27          180       176       120.21
 Y       SFR          C          2
 565451456         2536307        8116 SOUTH 2ND AVENUE
 INGLEWOOD                               CA         90305           35,000
    34,907.59       14.49        166,000       153,654        2,089
 96/05/11       16/06/07          240       234       113.65
 Y       SFR          C          2
 565478026         2536308        2001 MINERAL SPRINGS D
 ROSEVILLE                               CA         95747           42,000
    41,928.00       13.99        160,000       144,329        1,807
 96/09/05       21/09/12          300       297       116.46
 Y       SFR          C          2
 565412254         2536309        8440 LOST RIVER COURT
 ANTELOPE                                CA         95843           38,500
    38,210.17       13.99        136,000       125,386        2,353
 96/05/02       16/05/22          240       233       120.50
 Y       SFR          C          2
 565412944         2536310        8688 TIOGAWOODS DRIVE
 SACRAMENTO                              CA         95828           40,000
    39,954.87       13.99        127,000       116,929        1,475
 96/09/07       21/09/12          300       297       123.57
 Y       SFR          C          2
 609246080         2536311        25906 CORIANDER COURT
 MORENO VALLEY                           CA         92553           12,000
    11,877.50       13.99         86,000        76,146        1,044
 96/05/15       11/06/12          180       174       102.50
 Y       SFR          T          2
 609262224         2536312        45905 QUEEN PALM LANE
 INDIO                                   CA         92201           20,000
    19,765.68       10.99        115,000       102,138        1,750
 96/06/21       11/07/15          180       175       106.21
 Y       SFR          T          2
 609369453         2536313        130 N EVERETT STREET
 GLENDALE                                CA         91206           16,000
    15,808.27       13.99        105,000        83,400        1,208
 96/04/26       11/05/08          180       173        94.67
 Y       SFR          T          2
 608141007         2536314        11471 JOLA AVENUE
 GARDEN GROVE                            CA         92643           25,000
    24,874.62       13.99        145,000       130,355        1,305
 96/08/28       11/09/19          180       177       107.14
 Y       SFR          T          2
 608180374         2536315        7518 HALLDALE AVENUE
 LOS ANGELES                             CA         90047           25,000
    24,861.94       12.99        135,000       133,201        2,010
 96/09/19       11/10/01          180       178       117.19
 Y       SFR          T          2
 609016452         2536316        341 NORTH GLENROSE STR
 ORANGE                                  CA         92669           25,000
    24,892.71       11.99        185,000       149,288        1,861
 96/07/17       16/08/15          240       236        94.21
 Y       SFR          T          2
 607120479         2536317        15708 CARFAX AVENUE
 BELLFLOWER                              CA         90706           15,000
    14,846.84       13.99        146,900       144,479        2,460
 96/05/21       11/06/01          180       174       108.56
 Y       SFR          T          2

 
 607301119         2536318        13910 OLIVE STREET
 BALDWIN PARK                            CA         91706           15,000
    14,797.26       10.99        131,000       101,840        1,604
 96/06/06       11/06/18          180       174        94.18
 Y       SFR          T          3
 607429367         2536319        3441 COGSWELL ROAD #A
 EL MONTE                                CA         91732           25,000
    25,000.00       12.99        119,000       107,100        1,660
 96/10/31       16/12/07          240       240       111.01
 Y       COND         T          2
 605200795         2536320        852 NORTH ALAMEDA AVEN
 ONTARIO                                 CA         91764           10,000
     9,759.62       13.99        130,000       125,551        1,379
 96/07/02       06/08/21          120       116       104.27
 Y       SFR          T          2
 606105737         2536321        14404 PLUMMER STREET #
 PANORAMA CITY                           CA         91402           25,000
    24,841.43       13.99         89,500        86,475        1,637
 96/07/02       11/08/19          180       176       124.55
 Y       SFR          T          2
 603079654         2536323        724 EAST J STREET
 ONTARIO                                 CA         91764           25,000
    24,486.07       10.99        128,000       101,502        1,434
 96/04/22       11/05/08          180       173        98.83
 Y       SFR          T          2
 605010988         2536324        12348 MARBEL AVENUE
 DOWNEY                                  CA         90242           25,000
    24,831.85       13.99        175,000       132,000        2,196
 96/07/12       11/07/26          180       175        89.71
 Y       SFR          T          2
 586580012         2536325        1831 CHEYENNE DRIVE
 MERCED                                  CA         95348           25,000
    24,530.77       11.99         85,000        67,477        1,412
 96/04/29       11/05/14          180       173       108.80
 Y       SFR          T          2
 6003240251        2536327        14 PALMIERI AISLE
 IRVINE                                  CA         92714           20,000
    20,000.00       11.99        240,000       205,664        3,897
 96/11/15       11/12/17          180       180        94.03
 Y       COND         T          3
 585506984         2536328        14373 WOODPARK DRIVE
 MORENO VALLEY                           CA         92553           25,000
    24,724.00       13.99        105,226       101,000        1,985
 96/05/29       11/06/01          180       174       119.74
 Y       SFR          T          2
 586146327         2536329        3464 CONOUGH LANE
 LAS VEGAS                               NV         89129           15,000
    14,846.84       13.99        160,000       136,077        1,847
 96/05/10       11/06/19          180       174        94.42
 Y       SFR          T          2
 586226021         2536330        185 HARDING STREET
 OCEANSIDE                               CA         92057           20,000
    19,970.49       14.50        123,000       100,000        2,038
 96/07/29       16/10/10          240       238       112.20
 Y       SFR          T          3
 582186748         2536331        1246 GOLDEN VALE DRIVE
 RIVERSIDE                               CA         92506           25,000
    24,944.96       10.99        625,000       515,000        4,871
 96/10/01       11/10/09          180       178        87.60
 Y       SFR          T          3
 582827040         2536332        812 SOUTH CHESTER AVEN
 COMPTON                                 CA         90221           25,000
    24,639.27       11.99        165,000       138,507        2,160
 96/05/14       11/05/22          180       173        99.10
 Y       SFR          T          2
 585302002         2536333        13566 EUCALYPTUS STREE
 TUSTIN                                  CA         92680           25,000
    24,635.16       11.99        160,000       150,333        2,773
 96/06/10       16/06/25          240       234       109.58
 Y       COND         T          2

 
 578703409         2536334        8101 EAST NALLEY ROAD
 LANDOVER                                MD         20785           25,000
    24,738.19       13.50        161,000       122,400        4,077
 96/05/01       11/06/01          180       174       100.87
 Y       SFR          T          3
 579744018         2536335        2044 SEATTLE AVENUE
 SILVER SPRING                           MD         20905           25,000
    24,966.37       14.99        225,000       178,500        2,722
 96/09/10       16/10/01          240       238        90.44
 Y       SFR          T          2
 579868935         2536336        349 TENNESSEE AVENUE N
 WASHINGTON                              DC         20002           25,000
    24,889.20       14.50        125,000        89,790        1,176
 96/05/13       16/05/28          240       233        91.83
 Y       SFR          T          2
 576520188         2536337        77547 MISSOURI DRIVE
 PALM DESERT                             CA         92211           25,000
    24,584.91       11.99        148,000       117,554        2,302
 96/04/26       11/05/07          180       173        96.32
 Y       SFR          T          2
 576863869         2536338        844 KALLIN AVENUE
 LONG BEACH                              CA         90815           25,000
    24,908.46       12.99        275,000       218,700        2,802
 96/09/04       11/10/01          180       178        88.62
 Y       SFR          T          2
 577723401         2536339        4010 NOR CROSS STREET
 TEMPLE HILLS                            MD         20748           15,000
    14,966.85       14.50         80,000        74,142        1,821
 96/08/29       16/09/06          240       237       111.43
 Y       SFR          T          2
 575747996         2536340        44603 2ND STREET EAST
 LANCASTER                               CA         93534           15,000
    14,839.29       12.99         74,000        65,795          898
 96/08/05       11/08/22          180       176       109.18
 Y       SFR          T          2
 576236385         2536341        2429 KIMBALL AVENUE
 POMONA                                  CA         91767           25,000
    24,691.80       11.99        131,000        96,195        1,756
 96/05/08       11/05/20          180       173        92.52
 Y       SFR          T          2
 576516172         2536342        5760 TAJ MAHAL DRIVE
 LAS VEGAS                               NV         89130           20,000
    19,853.95       11.99        125,000        96,608        2,162
 96/05/25       16/06/11          240       234        93.29
 Y       SFR          T          2
 573796430         2536343        1370 PALM AVENUE
 BEAUMONT                                CA         92223           25,000
    24,874.62       13.99        112,000       100,800        2,015
 96/08/15       11/09/11          180       177       112.32
 Y       SFR          T          2
 573807981         2536344        11665 ARGUELLO DRIVE
 MIRA LOMA                               CA         91752           25,000
    24,700.51       13.99        175,000       138,000          573
 96/05/05       11/05/13          180       173        93.14
 Y       SFR          T          2
 573883559         2536345        5214 JAVALAMBRE DRIVE
 WHITTIER                                CA         90601           25,000
    24,727.90       14.99        150,000       147,000          485
 96/04/16       11/05/10          180       173       114.67
 Y       SFR          T          2
 573714035         2536346        10902 KIBBEE AVENUE
 WHITTIER                                CA         90604           25,000
    24,929.83       13.99        150,000       139,488        2,227
 96/07/29       16/08/28          240       236       109.66
 Y       SFR          T          2
 573740580         2536347        8940 SOUTH MANHATTAN P
 LOS ANGELES                             CA         90047           25,000
    24,860.51       13.99        130,000       123,954        1,885
 96/04/26       16/05/01          240       233       114.58
 Y       SFR          T          2
 
 573787768         2536348        5232 CADBURY ROAD
 WHITTIER                                CA         90601           25,000
    24,921.68       13.99        330,000       291,852        2,964
 96/08/07       16/08/26          240       236        96.02
 Y       SFR          T          2
 573467483         2536349        5530 EAST VISTA DEL RI
 ANAHEIM                                 CA         92807           25,000
    24,887.11       12.99        160,000       133,700        2,164
 96/06/05       16/06/13          240       234        99.19
 Y       COND         T          2
 573558189         2536350        2581 26TH AVENUE
 SACRAMENTO                              CA         95822           25,000
    24,719.35       12.99        120,000        78,146        1,782
 96/05/17       11/06/11          180       174        85.96
 Y       SFR          T          2
 5736502371        2536351        1280 YUKON AVENUE
 PERRIS                                  CA         92571            7,000
     6,917.92       13.99        115,000        92,791        1,375
 96/08/14       06/09/04          120       117        86.77
 Y       SFR          T          3
 573333506         2536352        814 NEVADA AVENUE
 SAN JOSE                                CA         95125           19,000
    18,911.47       10.99        325,000       252,638        3,697
 96/07/24       16/08/19          240       236        93.29
 Y       SFR          T          3
 573411335         2536353        7399 STONEBROOK PLACE
 RANCHO CUCAMONGA                        CA         91730           25,000
    24,638.62       11.99        145,000       142,216        2,168
 96/05/02       11/05/21          180       173       115.32
 Y       SFR          T          2
 573110602         2536354        25105 EAST 6TH STREET
 HIGHLAND                                CA         92410           25,000
    24,863.79       12.99         80,000        69,792        1,282
 96/05/01       16/05/08          240       233       118.49
 Y       SFR          T          2
 573238278         2536355        2431 SOUTH BON VIEW AV
 ONTARIO                                 CA         91761           25,000
    24,161.62       14.99        152,000       129,241        1,388
 96/09/12       11/09/27          180       177       101.47
 Y       SFR          T          2
 573258133         2536356        14804 SOUTH BUTLER AVE
 COMPTON                                 CA         90221           25,000
    24,889.41       10.99        165,000       145,000        1,901
 96/09/03       11/09/10          180       177       103.03
 Y       SFR          T          2
 5727681351        2536357        71571 MIRAGE ROAD
 RANCHO MIRAGE                           CA         92270           10,000
     9,887.88       10.99        140,000       128,122        2,021
 96/06/06       11/06/18          180       174       109.20
 Y       SFR          T          3
 5727690641        2536358        18468 CATALPA STREET
 HESPERIA                                CA         92345           10,000
     9,932.73       13.99         90,000        88,538          772
 96/07/19       11/08/22          180       176       109.49
 Y       SFR          T          2
 573080852         2536359        2835 NO. 1, 2, 3, 4 KE
 LOS ANGELES                             CA         90007           22,500
    22,306.96       14.50        230,000       253,200          315
 96/05/20       11/06/27          180       174       119.87
 Y       SFR          T          2
 572683539         2536360        1333 WEBSTER STREET #A
 ALAMEDA                                 CA         94501           12,000
    11,841.98       12.99         98,000        65,353          900
 96/05/02       11/05/15          180       173        78.93
 Y       COND         T          2
 572730444         2536361        1806 BELMONT LANE C
 REDONDO BEACH                           CA         90278           25,000
    24,844.06       10.99        240,000       195,700        2,655
 96/06/13       16/07/08          240       235        91.96
 Y       SFR          T          2

 
 572761540         2536362        27149 RIO PRADO DRIVE
 SANTA CLARITA                           CA         91354           25,000
    24,831.85       13.99        175,000       170,825        2,702
 96/07/19       11/08/01          180       176       111.90
 Y       SFR          T          2
 572511645         2536363        12571 WOODLAWN AVENUE
 TUSTIN                                  CA         92680           25,000
    24,916.90       13.99        230,000       118,070        4,605
 96/08/30       11/09/25          180       177        62.20
 Y       SFR          T          2
 572630636         2536364        936 EAST 220TH STREET
 CARSON                                  CA         90745           15,000
    14,866.08       10.99        130,100       115,399        1,273
 96/06/26       11/07/15          180       175       100.23
 Y       SFR          T          2
 572650719         2536365        7140 SUTTER AVENUE
 CARMICHAEL                              CA         95608           18,000
    17,960.37       10.99        286,000       229,678        1,855
 96/11/01       11/11/15          180       179        86.60
 Y       SFR          T          2
 572338279         2536366        7592 EMERSON AVENUE
 YUCCA VALLEY                            CA         92284           25,000
    24,744.35       11.99         78,000        60,700        1,840
 96/05/08       11/06/05          180       174       109.87
 Y       SFR          T          2
 5723567481        2536367        8243 KLUSMAN AVENUE
 RANCHO CUCAMONGA                        CA         91730           10,000
     9,955.76       10.99        153,000       118,853        2,122
 96/09/16       11/09/23          180       177        93.73
 Y       SFR          T          3
 572411188         2536368        3535 MCNALLY AVENUE
 ALTA DENA                               CA         91001           20,000
    19,821.44       10.99        153,000        91,051        2,407
 96/07/23       11/08/09          180       176        72.58
 Y       SFR          T          2
 571970396         2536369        295 EAST 36TH STREET
 SAN BERNARDINO                          CA         92404           13,000
    12,579.05       10.99        150,000       107,360        2,577
 96/04/26       11/06/01          180       174        88.35
 Y       SFR          T          3
 5722979251        2536370        8117 TYRONE AVENUE
 PANORAMA CITY                           CA         91402           25,000
    24,846.10       11.99        105,000       103,569        1,708
 96/08/08       11/09/11          180       177       122.45
 Y       SFR          T          2
 572313093         2536371        34211 DENISE WAY
 RANCHO MIRAGE                           CA         92270           10,000
     9,868.30       12.99         63,000        64,928        1,278
 96/05/06       11/06/03          180       174       118.93
 Y       SFR          T          2
 571868746         2536372        33896 SILVER LANTERN S
 DANAPOINT                               CA         92629           25,000
    24,788.58       13.99        185,000       187,955        2,353
 96/07/12       11/07/15          180       175       115.11
 Y       SFR          T          2
 5718789731        2536373        7919 WOODMAN AVENUE
 PANORAMA CITY                           CA         91402           25,000
    24,744.45       11.99        150,000       148,106        2,159
 96/07/19       11/08/07          180       176       115.40
 Y       SFR          T          2
 571512065         2536374        11623 CAPITOL DRIVE
 RIVERSIDE                               CA         92503           25,000
    24,638.62       11.99        145,000       130,620        2,958
 96/04/17       11/05/17          180       173       107.32
 Y       SFR          T          2
 571731558         2536375        14509 HARVEST AVENUE
 NORWALK                                 CA         90650           25,000
    24,719.35       12.99        170,000       149,353        2,347
 96/04/15       11/06/05          180       174       102.56
 Y       SFR          T          2

 
 571843247         2536376        11630 OAKWOOD DRIVE
 FONTANA                                 CA         92335           11,000
    10,906.97       13.99        175,000       109,408        2,107
 96/08/05       11/08/27          180       176        68.80
 Y       SFR          T          2
 571475918         2536377        33 WOODSONG
 LAS FLORES                              CA         92688           15,000
    14,815.11       11.99        243,000       200,497        2,911
 96/05/08       11/06/01          180       174        88.68
 Y       SFR          T          3
 571491945         2536378        1154 NORTH SYCAMORE AV
 LOS ANGELES                             CA         90038           10,000
     9,820.75       13.99        200,000       155,688        2,463
 96/10/15       11/11/01          180       179        82.84
 Y       COND         T          2
 571495058         2536379        1849 CATALINA BOULEVAR
 SAN DIEGO                               CA         92107           16,500
    16,347.13       10.99        176,942       148,160        1,960
 96/10/07       06/10/17          120       118        93.06
 Y       SFR          T          2
 571049490         2536380        4740 61ST STREET
 SACRAMENTO                              CA         95820           25,000
    24,944.96       10.99        100,000        54,079        1,669
 96/10/25       11/11/15          180       179        79.08
 Y       SFR          T          3
 571170765         2536381        5435 ALCOVE AVENUE
 NORTH HOLLYWOOD                         CA         91607           25,000
    24,795.02       14.50        215,000       175,300        2,788
 96/04/19       16/05/10          240       233        93.16
 Y       SFR          T          2
 570731522         2536383        20301 VIA TOMAS DRIVE
 WALNUT                                  CA         91789           20,000
    19,911.53       10.99        190,000       151,624        2,449
 96/09/20       11/10/04          180       178        90.33
 Y       SFR          T          2
 570766703         2536384        16 PRESTWICK WAY
 COTO DE CAZA                            CA         92679           25,000
    24,719.35       12.99        343,900       310,000        6,146
 96/05/16       11/05/15          180       173        97.41
 Y       SFR          T          2
 570821584         2536385        12160 BEATY AVENUE
 NORWALK                                 CA         90650           15,000
    14,950.13       13.99        152,000       135,789        1,536
 96/08/06       11/09/17          180       177        99.20
 Y       SFR          T          2
 5706321721        2536386        16710 ORANGE AVENUE N-
 PARAMOUNT                               CA         90723           15,000
    14,846.84       13.99        110,000       106,764        1,821
 96/04/03       11/05/23          180       173       110.69
 Y       COND         T          2
 570651612         2536387        279 HYACINTH WAY
 OCEANSIDE                               CA         92057           17,500
    17,171.46       11.99        121,769       105,050        2,136
 96/05/07       11/06/01          180       174       100.64
 Y       SFR          T          3
 570619071         2536388        869 EAST HIGHLAND COUR
 UPLAND                                  CA         91786           25,000
    24,801.02       10.99         70,765        50,543          945
 96/08/16       16/08/27          240       236       106.75
 Y       SFR          T          2
 570632064         2536389        9920 JORDAN AVENUE #14
 CHATSWORTH                              CA         91311           10,000
     9,983.47       13.99         83,500        79,247        1,706
 96/10/29       11/11/15          180       179       106.88
 Y       COND         T          2
 570563331         2536390        3632 WEST 58TH PLACE
 LOS ANGELES                             CA         90043           11,000
    10,954.39       11.99        128,000       112,381        1,931
 96/07/16       16/08/01          240       236        96.39
 Y       SFR          T          2

 
 570570306         2536391        6481 NORTHPOINTE COURT
 MARTINEZ                                CA         94553           10,000
     9,925.96       12.99        155,000       152,453        1,806
 96/08/02       11/08/15          180       176       104.81
 Y       SFR          T          2
 570392928         2536392        6017 HAMBURG WAY
 SACRAMENTO                              CA         95823           25,000
    24,941.60       13.99        161,000       167,736        3,616
 96/08/31       16/09/15          240       237       119.71
 Y       SFR          T          2
 5705524961        2536394        209 NORTH MAGNOLIA AVE
 ANAHEIM                                 CA         92801           20,000
    19,627.50       12.99        119,300       118,546        1,719
 96/05/15       11/06/12          180       174       116.13
 Y       SFR          T          2
 570198633         2536395        12223 EAST 211TH STREE
 LAKEWOOD                                CA         90715           15,000
    14,690.61       10.99        139,000       134,669        2,086
 96/07/01       11/07/17          180       175       107.68
 Y       SFR          T          2
 570239128         2536396        631 NORTH HARTLEY STRE
 WEST COVINA                             CA         91790           12,000
    11,841.91       12.99        200,000       143,180        2,646
 96/05/02       11/05/10          180       173        77.59
 Y       SFR          T          2
 570350929         2536397        14813 FERNVIEW STREET
 WHITTIER                                CA         90604           25,000
    24,691.80       11.99        172,155       157,513        2,264
 96/05/29       11/06/18          180       174       106.02
 Y       SFR          T          2
 569825325         2536398        10479 SAGECREST DRIVE
 MORENO VALLEY                           CA         92557           10,000
     9,757.41       13.99        130,000       128,650        1,231
 96/05/20       11/05/15          180       173       106.65
 Y       SFR          T          2
 570194333         2536399        23237 SUNNY CANYON STR
 PERRIS                                  CA         92570           10,000
     9,897.91       13.99        135,000       125,464        1,905
 96/06/19       11/06/26          180       174       100.34
 Y       SFR          T          2
 570195890         2536400        12431 AND 12433 ROSE D
 WHITTIER                                CA         90601           20,000
    19,959.34       14.99        160,000       151,258        1,322
 96/08/09       16/09/01          240       237       107.04
 Y       SFR          T          2
 569683573         2536401        257 W. ANGELA STREET
 PLEASANTON                              CA         94566           25,000
    24,670.79       12.99        180,000       142,838        2,939
 96/04/01       11/05/13          180       173        93.24
 Y       SFR          T          2
 569718041         2536402        429 LARRY LANE
 PLACENTIA                               CA         92670           25,000
    24,663.29       12.99        242,000       241,250        3,006
 96/07/24       11/08/05          180       176       110.02
 Y       SFR          T          2
 569470598         2536404        1420 SOUTH VINEVALE ST
 ANAHEIM                                 CA         92804           20,000
    19,742.63       11.99        170,000       141,257        2,521
 96/05/23       16/06/01          240       234        94.86
 Y       SFR          T          2
 5696272521        2536405        1669 ERIN AVENUE
 UPLAND                                  CA         91784           25,000
    24,954.48       12.99        170,000       168,000        2,240
 96/09/15       11/10/23          180       178       118.24
 Y       SFR          T          3
 569663864         2536406        9200 PALM STREET #6
 BELLFLOWER                              CA         90706           15,000
    14,900.02       10.99        130,000       107,021        1,290
 96/09/09       11/09/19          180       177        93.86
 Y       COND         T          2

 
 569267889         2536407        24821 BALESTRIERI ROAD
 HEMET                                   CA         92544           25,000
    24,767.39       12.99        125,990       115,317        1,256
 96/07/17       11/08/01          180       176       111.37
 Y       SFR          T          2
 569358432         2536408        438 CAMELLIA AVENUE
 ONTARIO                                 CA         91762           25,000
    24,585.24       12.99        100,000        73,361        1,407
 96/06/17       11/06/25          180       174        98.36
 Y       SFR          T          2
 5693984632        2536409        15047 CEDARSPRINGS DRI
 WHITTIER                                CA         90603           25,000
    24,638.62       11.99        140,000        99,263        1,364
 96/04/14       11/05/09          180       173        88.76
 Y       SFR          T          2
 5692169551        2536410        2535 MOOSEDEER DRIVE
 ONTARIO                                 CA         91761           25,000
    25,000.00       11.99        130,000       126,000        2,238
 96/11/07       16/12/14          240       240       116.15
 Y       SFR          T          3
 569257762         2536411        33142 MESA VISTA DRIVE
 DANA POINT                              CA         92629           20,000
    19,509.55       12.99        250,000       179,250        1,830
 96/06/28       11/07/01          180       175        79.70
 Y       SFR          T          2
 568906173         2536412        8898 CAMPHOR STREET
 HESPERIA                                CA         92345           25,000
    24,877.55       13.99         95,000        63,797        1,244
 96/05/21       16/06/03          240       234        93.47
 Y       SFR          T          2
 569029216         2536413        730 WEST 4TH STREET #4
 LONG BEACH                              CA         90802           20,000
    19,913.88       12.99         87,000        84,500        1,366
 96/10/03       16/10/15          240       238       120.11
 Y       SFR          T          2
 569089124         2536414        19273 KENYA STREET
 LOS ANGELES                             CA         91326           15,000
    14,948.97       10.99        219,900       197,900           36
 96/10/30       11/12/25          180       180        96.82
 Y       SFR          T          2
 568597258         2536415        6407 JADEITE AVENUE
 RANCHO CUCAMONGA                        CA         91737           17,000
    16,916.59       11.99        175,000       153,108        2,108
 96/10/01       11/11/15          180       179        97.20
 Y       SFR          T          2
 568671590         2536416        19631 RUNNYMEDE STREET
 LOS ANGELES                             CA         91335           25,000
    24,756.98       14.50        120,000        87,784        1,691
 96/05/16       11/06/01          180       174        93.99
 Y       COND         T          2
 568760582         2536417        12745 WAYNOKA ROAD
 APPLE VALLEY                            CA         92308           25,000
    24,719.35       12.99        145,000        96,726        2,086
 96/04/02       11/05/28          180       173        83.95
 Y       SFR          T          2
 568413273         2536418        17150 TULSA STREET
 GRANADA HILLS                           CA         91344           25,000
    24,961.29       13.99        170,000       151,796        2,490
 96/09/19       16/10/01          240       238       104.00
 Y       SFR          T          2
 568451583         2536419        11937 MAGNOLIA STREET
 EL MONTE                                CA         91732           10,000
     9,855.42       11.99         90,000        56,700          915
 96/04/13       11/05/15          180       173        74.11
 Y       SFR          T          2
 568529382         2536420        8632 CAMELIA DRIVE
 RIVERSIDE                               CA         92504           14,000
    13,906.68       10.99        140,000        70,000        2,236
 96/09/05       11/09/12          180       177        60.00
 Y       SFR          T          2

 
 568312658         2536421        11418 LINDA LEE LANE
 BAKERSFIELD                             CA         93312           25,000
    24,708.81       12.99        150,000       131,400        1,742
 96/04/05       11/05/08          180       173       104.27
 Y       SFR          T          2
 568356674         2536422        543 TAM O'SHANTER STRE
 ONTARIO                                 CA         91761           12,000
    11,913.85       15.49        175,990       181,159        2,731
 96/09/17       11/09/26          180       177       109.76
 Y       SFR          T          2
 568029487         2536423        71983 GORGONIO DRIVE
 TWENTYNINE PALMS                        CA         92277           25,000
    24,637.13       11.99        551,847       445,000        1,760
 96/05/10       11/05/24          180       173        85.17
 Y       SFR          T          2
 568060413         2536424        899 WALNUT DRIVE
 OAKLEY                                  CA         94561           25,000
    25,000.00       13.50        155,000       123,000        3,428
 96/10/29       11/12/05          180       180        95.48
 Y       SFR          T          2
 568193639         2536425        30189 SKIPJACK DRIVE
 CANYON LAKE                             CA         92587           25,000
    24,744.45       11.99        145,000       139,000        1,994
 96/06/06       11/06/20          180       174       113.10
 Y       SFR          T          2
 567634476         2536426        2699 BALDMOUNTAIN ROAD
 WESTPOINT                               CA         95255           12,000
    11,567.79       12.99         69,000        53,642          850
 96/05/23       11/06/12          180       174        95.13
 Y       SFR          T          2
 5676344761        2536427        2699 BALDMOUNTAIN ROAD
 PINEGROVE                               CA         95665           10,000
    10,000.00       13.99        145,000        52,673          862
 96/11/18       11/12/15          180       180        51.22
 Y       SFR          T          3
 567922536         2536428        9247 WENLOCK COURT
 SACRAMENTO                              CA         95829           25,000
    24,744.80       13.99        109,000       109,511        1,605
 96/05/07       11/05/15          180       173       123.40
 Y       SFR          T          2
 567621934         2536430        12365 HIGH GLEN WAY
 NORTHRIDGE                              CA         91326           25,000
    24,844.30       11.99        500,000       311,724        5,732
 96/05/30       16/06/21          240       234        77.34
 Y       SFR          T          3
 567179113         2536431        601 TERWER RIFFLE ROAD
 KLAMATH                                 CA         95548           25,000
    24,573.14       10.99        125,000        70,178        2,366
 96/07/02       11/07/26          180       175        76.14
 Y       SFR          T          2
 567411119         2536433        6952 GRAHAM AVENUE
 NEWARK                                  CA         94560           25,000
    24,732.60       13.50        205,000       182,905        2,485
 96/05/03       11/05/15          180       173       101.42
 Y       SFR          T          2
 5670643271        2536434        42337 57TH STREET WEST
 LANCASTER                               CA         93536           10,000
     9,855.42       11.99        195,000       156,000        2,577
 96/04/24       11/05/08          180       173        85.13
 Y       SFR          T          3
 567153429         2536435        1215 EAST MYRRH STREET
 COMPTON                                 CA         90221           10,000
     9,761.65       14.50        130,000       116,202        1,420
 96/06/07       06/07/24          120       115        97.08
 Y       SFR          T          2
 566882786         2536436        5429 CLARK AVENUE
 LAKEWOOD                                CA         90712           25,000
    24,638.62       11.99        170,000       140,834        1,872
 96/06/18       11/07/01          180       175        97.55
 Y       SFR          T          2

 
 566886766         2536437        26363 1ST STREET
 BRYN MAWR                               CA         92359           15,000
    14,924.75       13.99        105,000        85,505        1,316
 96/08/08       11/09/01          180       177        95.72
 Y       SFR          T          2
 567047489         2536438        2037 HOLLY AVENUE
 ONTARIO                                 CA         91762           25,000
    24,734.69       13.99        150,000       104,608        2,703
 96/05/15       11/05/20          180       173        86.41
 Y       SFR          T          2
 566723291         2536439        2601 FAIRWAY DRIVE
 ARNOLD                                  CA         95223           17,500
    17,082.56       11.99        105,000        82,917        1,439
 96/06/01       11/06/14          180       174        95.64
 Y       SFR          T          2
 566866290         2536440        246 MYRTLEWOOD DRIVE
 CALIMESA                                CA         92320           25,000
    24,788.58       13.99        105,000        76,497        2,069
 96/06/27       11/07/09          180       175        96.66
 Y       SFR          T          2
 566870764         2536441        332 SOUTH KINGSLEY DRI
 LOS ANGELES                             CA         90020           25,000
    24,756.98       14.50        160,000       123,934        1,763
 96/05/21       11/06/03          180       174        93.08
 Y       COND         T          2
 5664164941        2536442        5493 SKYLOFT DRIVE
 RIVERSIDE                               CA         92509           25,000
    24,719.70       10.99        230,000       194,632        4,470
 96/06/03       11/06/15          180       174        95.49
 Y       SFR          T          2
 566514938         2536443        36541 30TH STREET EAST
 PALMDALE                                CA         93550           25,000
    24,776.79       10.99        150,000       119,908        1,297
 96/07/18       11/07/24          180       175        96.61
 Y       SFR          T          2
 566534591         2536444        22900 GAULT STREET
 WEST HILLS                              CA         91307           25,000
    24,860.51       13.99        130,000        98,147        2,635
 96/06/14       16/06/27          240       234        94.73
 Y       SFR          T          2
 566313390         2536445        5948 VISTA DE LA LUZ
 LOS ANGELES                             CA         91367           10,000
     9,819.37       11.99        500,000       436,500        5,545
 96/04/02       11/06/28          180       174        89.30
 Y       SFR          T          2
 566413870         2536446        44042 SUNVIEW COURT
 LANCASTER                               CA         93535           25,000
    24,833.36       10.99        136,800       123,469        2,343
 96/07/23       11/09/01          180       177       108.53
 Y       SFR          T          2
 5660664381        2536447        14567 CERISE AVENUE #4
 HAWTHORNE                               CA         90250           25,000
    24,744.86       13.99        130,000       127,688        1,984
 96/04/04       11/05/08          180       173       117.45
 Y       COND         T          2
 566136258         2536449        3773 PACIFIC AVENUE
 RIVERSIDE                               CA         92509           25,000
    25,000.00       12.99         97,000        69,000          985
 96/11/23       11/12/15          180       180        96.91
 Y       SFR          T          2
 565556001         2536450        23608 WEST FALCON CRES
 VALENCIA                                CA         91354           25,000
    24,814.92       12.99        215,990       205,150        2,799
 96/06/18       11/07/11          180       175       106.56
 Y       SFR          T          2
 565920357         2536451        4282 MIDDLESEX DRIVE
 SAN DIEGO                               CA         92116           25,000
    24,744.80       13.99        250,000       207,000        2,655
 96/05/30       11/06/11          180       174        92.80
 Y       SFR          T          2

 
 565982389         2536452        39050 CATTAIL DRIVE
 MURRIETA                                CA         92563           24,910
    18,238.71       11.99        170,000       135,738        2,404
 96/06/13       11/07/01          180       175        94.50
 Y       SFR          T          2
 565477182         2536453        650 NORTH PRIOR AVENUE
 LA PUENTE                               CA         91744           25,000
    24,744.80       13.99        157,000       152,417        1,742
 96/05/17       11/05/28          180       173       113.00
 Y       SFR          T          2
 565520571         2536454        7707 WEST 82ND STREET
 PLAYA DEL REY                           CA         90293           25,000
    24,803.74       12.49        450,000       360,000        4,986
 96/06/10       16/06/14          240       234        85.56
 Y       SFR          T          3
 565338868         2536455        1255 EAST 14TH STREET
 SANTA ANA                               CA         92701           15,000
    14,918.29       12.99        144,900       147,798        1,549
 96/06/11       16/06/25          240       234       112.35
 Y       SFR          T          2
 565370044         2536456        6345 MALVERN STREET
 RANCHO CUCAMONGA                        CA         91737           21,000
    20,891.58       11.99        141,000       133,427        1,922
 96/07/05       16/07/17          240       235       124.70
 Y       SFR          T          3
 565411496         2536457        5916 CASA ALEGRE
 CARMICHAEL                              CA         95608           20,000
    19,866.69       10.99        625,000        63,718        1,273
 96/08/09       11/08/23          180       176        13.39
 Y       SFR          T          2
 564965413         2536458        43 ENCANTADO CANYON
 RANCHO SANTA MARGARITA                  CA         92688           25,000
    24,788.58       13.99        231,500       154,930        2,074
 96/06/07       11/06/25          180       174        87.66
 Y       SFR          T          3
 565138964         2536459        126 NORTH PECK ROAD
 SANTA PAULA                             CA         93060           25,000
    24,791.90       10.99        150,000       133,896        2,032
 96/04/03       16/05/13          240       233       105.93
 Y       SFR          T          2
 565318166         2536460        27841 MEADOW CREEK ROA
 CANYON COUNTRY                          CA         91351           22,000
    21,839.33       11.99        137,000       134,682        1,907
 96/04/26       16/05/09          240       233       114.37
 Y       SFR          T          2
 564699824         2536461        67405 OVANTE ROAD
 CATHEDRAL CITY                          CA         92234           25,000
    24,767.39       12.99         99,500        73,847        1,737
 96/07/05       11/07/15          180       175        99.34
 Y       SFR          T          2
 564759463         2536462        549 WEST 220TH STREET
 CARSON                                  CA         90745           25,000
    24,545.28       10.99        200,000       127,875        2,270
 96/05/06       11/06/01          180       174        76.44
 Y       SFR          T          2
 564959391         2536463        13612 DAISY COURT
 CHINO                                   CA         91710           25,000
    25,000.00       13.99        180,000       160,705        2,276
 96/12/05       16/12/15          240       240       103.17
 Y       SFR          T          2
 564597523         2536464        2839 ALBERTA STREET
 TORRANCE                                CA         90501           25,000
    24,683.36       10.99        170,000       136,957        2,297
 96/07/18       11/08/01          180       176        95.27
 Y       SFR          T          2
 564602886         2536465        1243 HOLLISTER STREET
 SAN DIEGO                               CA         92154           15,000
    14,783.21       11.99        100,000        78,434        1,207
 96/04/29       11/05/09          180       173        93.43
 Y       COND         T          2

 
 564152953         2536466        2734 ARCADIAN SHORES R
 ONTARIO                                 CA         91761           20,000
    19,865.50       13.99        131,000       128,817        2,058
 96/07/11       11/08/01          180       176       113.60
 Y       SFR          T          2
 564272799         2536467        1424 WEST 61ST STREET
 LOS ANGELES                             CA         90047           25,000
    24,854.52       12.50        145,000       130,500        1,754
 96/05/17       16/06/01          240       234       107.24
 Y       SFR          T          2
 564576921         2536468        3215 WEST 186TH STREET
 TORRANCE                                CA         90505           10,000
     9,949.15       13.50        167,000       158,743        1,940
 96/05/22       16/06/17          240       234       101.04
 Y       SFR          T          2
 563966555         2536469        27892 CAMPHOR TREE LAN
 MISSION VIEJO                           CA         92691           25,000
    24,840.22       12.99        187,000       177,600        2,916
 96/05/14       16/05/24          240       233       108.34
 Y       SFR          T          2
 564152933         2536470        4424 WALNUT AVENUE
 LONG BEACH                              CA         90807           15,000
    14,952.24       11.99        151,500       148,851        1,732
 96/08/16       16/08/26          240       236       108.15
 Y       SFR          T          2
 563903184         2536471        1185 WEST MILLBROOK RO
 CORONA                                  CA         91720           25,000
    24,638.70       11.99        200,000       176,530        3,482
 96/06/10       11/06/27          180       174       105.15
 Y       SFR          T          3
 563964229         2536472        6707 SAN HOMERO WAY
 BUENA PARK                              CA         90620           10,000
     9,876.70       11.99        185,000       165,625        2,679
 96/05/20       11/06/01          180       174        94.93
 Y       SFR          T          2
 563471430         2536473        5278 MANZANAR AVENUE
 PICO RIVERA                             CA         90660           25,000
    25,000.00       12.99        135,000       132,348        2,498
 96/10/31       16/11/17          240       240       116.55
 Y       SFR          T          2
 563572660         2536474        2331 DESERT OAK DRIVE
 PALMDALE                                CA         93550           15,000
    14,899.08       13.99        140,000       130,745        3,419
 96/07/22       11/08/01          180       176       104.10
 Y       SFR          T          2
 563133610         2536475        2148 NORTH RAVENSWOOD
 POMONA                                  CA         91767           20,000
    19,945.45       14.99        130,000       120,124        1,397
 96/07/18       16/08/05          240       236       107.79
 Y       SFR          T          2
 563258904         2536476        11810 TULIP COURT
 FOUNTAIN VALLEY                         CA         92708           19,000
    18,681.69       11.99        135,000       127,006        1,446
 96/05/10       11/05/15          180       173       108.15
 Y       SFR          T          2
 563394969         2536477        571 SOUTH ACACIA AVENU
 RIALTO                                  CA         92376           25,000
    24,909.30       12.99        110,000        79,403        2,012
 96/07/23       16/08/01          240       236       100.96
 Y       SFR          T          3
 562972968         2536478        1149 WEST CHEVY CHASE
 ANAHEIM                                 CA         92801           19,000
    18,834.55       13.99        155,000       148,000        1,261
 96/07/10       11/07/24          180       175       107.74
 Y       SFR          T          2
 563024057         2536479        1842 RORY LANE #4
 SIMI VALLEY                             CA         93063           25,000
    24,744.80       13.99        139,900       135,144        2,023
 96/04/30       11/05/01          180       173       114.47
 Y       SFR          T          2

 
 563131785         2536480        641 S. LARK ELLEN AVEN
 WEST COVINA                             CA         91791           15,000
    14,802.47       12.99        175,000       143,948        1,406
 96/04/09       11/05/01          180       173        90.83
 Y       SFR          T          2
 562711738         2536481        508 ORANGE BLOSSOM
 IRVINE                                  CA         92720           17,000
    16,809.17       12.99         85,000        71,131        1,700
 96/05/15       11/06/28          180       174       103.68
 Y       SFR          T          2
 562844477         2536482        12605 SOFTWIND DRIVE
 MORENO VALLEY                           CA         92553           20,000
    19,878.56       11.99        150,000        94,640          383
 96/09/03       11/09/15          180       177        94.80
 Y       SFR          T          3
 562970672         2536483        14756 WIEMER AVENUE
 PARAMOUNT                               CA         90723           25,000
    25,000.00       12.99        150,000       115,898        2,386
 96/10/24       11/11/19          180       180        93.93
 Y       SFR          T          3
 562632599         2536484        2750 NORTH TOLA AVENUE
 ALTA DENA                               CA         91001           25,000
    24,961.29       13.99        154,500       146,775        2,078
 96/09/26       16/10/10          240       238       111.18
 Y       SFR          T          2
 562679568         2536485        27967 CARAWAY LANE
 SAUGUS                                  CA         91350           25,000
    24,700.51       13.99        157,500       154,663        2,901
 96/05/06       11/05/15          180       173       114.07
 Y       SFR          T          2
 5626976981        2536486        38222 WILDROSE STREET
 PALMDALE                                CA         93550           25,000
    25,000.00       13.99        180,000       150,200        1,802
 96/10/30       11/11/25          180       180        97.33
 Y       SFR          T          2
 562357831         2536487        921 A FLORIDA STREET
 SAN FRANCISCO                           CA         94110           15,000
    15,000.00       10.99        136,000       129,199        1,571
 96/11/11       11/12/10          180       180       106.03
 Y       COND         T          2
 562359208         2536488        6171 GLACIER DRIVE
 WESTMINSTER                             CA         92683           25,000
    24,638.62       11.99        140,000       149,396        1,638
 96/05/09       11/05/14          180       173       124.57
 Y       SFR          T          2
 562194105         2536490        4292 10TH STREET
 RIVERSIDE                               CA         92501           13,000
    12,756.89       10.99        120,000       109,326        2,101
 96/07/22       06/08/08          120       116       101.94
 Y       SFR          T          2
 562232964         2536491        3648 KAREN AVENUE
 LONG BEACH                              CA         90808           25,000
    24,638.62       11.99        250,000       182,430        2,872
 96/04/16       11/05/01          180       173        96.97
 Y       SFR          T          2
 562357301         2536492        1645 WEST YALE AVENUE
 FRESNO                                  CA         93705           25,000
    24,727.90       14.99         64,322        50,000        1,877
 96/04/25       11/05/08          180       173       116.60
 Y       SFR          T          2
 562132544         2536493        809 WEST AVENUE H-8
 LANCASTER                               CA         93534           25,000
    24,719.35       12.99         80,000        70,583        1,167
 96/05/23       11/06/26          180       174       119.48
 Y       SFR          T          2
 562134567         2536494        16624 HAMLIN STREET
 VAN NUYS                                CA         91406           20,000
    19,964.45       12.99        146,000       142,608        2,771
 96/09/11       16/09/27          240       237       111.38
 Y       SFR          T          2

 
 561763958         2536496        17360 TULLOCK STREET
 BLOOMINGTON                             CA         92316           25,000
    24,817.86       13.99        114,000       104,800        2,693
 96/05/31       16/06/13          240       234       113.86
 Y       SFR          T          2
 561965511         2536498        129 HYDE PLACE
 ANTIOCH                                 CA         94509           25,000
    24,656.41       10.99        174,500       155,144        1,567
 96/06/04       11/06/15          180       174       103.23
 Y       SFR          T          2
 5616523291        2536499        1218 STAFFORD AVENUE
 CONCORD                                 CA         94521           20,000
    19,795.81       13.99        225,000       137,104        2,331
 96/04/21       11/05/20          180       173        69.82
 Y       SFR          T          2
 561693532         2536500        5051 WEST AVENUE M-4
 LANCASTER                               CA         93536           20,000
    18,670.35       11.99        140,000       124,780        1,525
 96/04/09       11/05/22          180       173       103.41
 Y       SFR          T          2
 561694363         2536501        11604 DOWNEY AVENUE
 DOWNEY                                  CA         90241           25,000
    24,756.98       14.50        190,000       123,483        2,378
 96/05/21       11/06/05          180       174        78.15
 Y       COND         T          2
 5613538311        2536502        1116 EAST GLADSTONE ST
 LA VERNE                                CA         91750           25,000
    24,921.68       13.99        217,000       207,000        3,281
 96/07/19       16/08/08          240       236       106.91
 Y       SFR          T          2
 561615243         2536503        1334 EAST MAPLE AVENUE
 ORANGE                                  CA         92666           24,916
    24,608.85       11.99        245,000       196,157        3,293
 96/06/07       11/06/21          180       174        90.23
 Y       SFR          T          2
 561644277         2536504        19396 SAGEBRUSH TRAIL
 DESERT HOT SPRINGS                      CA         92241           25,000
    24,744.51       11.99        165,000       104,857        1,405
 96/06/08       11/06/26          180       174        78.70
 Y       SFR          T          2
 560966779         2536505        8978 VISTA CAMPO WAY
 ELK GROVE                               CA         95758           15,000
    14,888.96       12.99        112,000       110,847        1,643
 96/07/27       11/08/15          180       176       112.36
 Y       SFR          T          2
 560999856         2536506        624 EAST AVENUE J-9
 LANCASTER                               CA         93535           10,000
     9,868.30       12.99        100,500        97,674        1,134
 96/04/30       11/05/01          180       173       107.14
 Y       SFR          T          2
 561259160         2536507        707 CRYSTAL CREEK ROAD
 PERRIS                                  CA         92571           18,000
    17,756.71       10.99        137,000       116,519        1,934
 96/06/05       11/06/27          180       174        98.19
 Y       SFR          T          2
 560564457         2536508        9703 QUEEN ANNES COURT
 GARDEN GROVE                            CA         92644           15,000
    14,873.11       13.99        165,000       124,448        1,451
 96/07/24       11/08/02          180       176        84.51
 Y       SFR          T          2
 5605799041        2536509        13023 SEILER STREET
 POWAY                                   CA         92064           25,000
    24,747.73       11.99        172,000       140,000        1,498
 96/08/26       11/09/10          180       177        95.93
 Y       SFR          T          2
 560944441         2536510        4264 PEPPER AVENUE
 YORBA LINDA                             CA         92686           25,000
    24,899.30       11.99        298,957       210,912        4,852
 96/08/26       11/09/23          180       177        78.91
 Y       SFR          T          2

 
 560380547         2536511        7202 SOWELL AVENUE
 WESTMINSTER                             CA         92683           25,000
    24,618.42       11.99        175,000       181,719        4,062
 96/04/04       11/05/10          180       173       118.13
 Y       SFR          T          2
 560391997         2536512        13931 FIGWOOD COURT
 FONTANA                                 CA         92335            6,000
     5,949.23       13.99        120,000       119,378        1,691
 96/05/23       11/06/18          180       174       104.48
 Y       SFR          T          2
 560479002         2536513        400 YOSEMITE CIRCLE
 CORONA                                  CA         91719           23,000
    22,915.58       14.50        154,000       149,208        2,443
 96/04/24       16/06/06          240       234       111.82
 Y       SFR          T          2
 559804998         2536514        39216 CHALFONT LANE
 PALMDALE                                CA         93551           25,000
    24,776.79       10.99        160,800       131,100        1,718
 96/07/11       11/07/25          180       175        97.08
 Y       SFR          T          2
 560297662         2536516        14764 CARMEL STREET
 FONTANA                                 CA         92335           25,000
    24,719.70       10.99        130,000       128,935        2,453
 96/05/29       11/06/15          180       174       118.41
 Y       SFR          T          2
 5597536201        2536518        15946 UTE ROAD
 APPLE VALLEY                            CA         92307            5,000
     4,982.64       13.99         65,000        48,173          682
 96/08/24       11/09/25          180       177        81.82
 Y       SFR          T          3
 559754566         2536519        2642 BLUE RIDGE CIRCLE
 SIMI VALLEY                             CA         93065           25,000
    24,814.92       12.99        200,000       179,444        2,165
 96/07/11       11/07/23          180       175       102.22
 Y       SFR          T          2
 559318012         2536520        16034 N. 64TH DRIVE
 GLENDALE                                AZ         85306           15,000
    14,839.54       13.50         72,000        71,000        1,440
 96/04/20       11/05/21          180       173       119.44
 Y       SFR          T          2
 559414462         2536521        28146 FOXLANE DR.
 SANTA CLARITA                           CA         91351           25,000
    24,742.09       13.99        190,000       153,426        1,961
 96/05/09       11/05/23          180       173        93.91
 Y       SFR          T          2
 559435663         2536522        317 BRADBURY ROAD
 MONROVIA                                CA         91016           18,000
    17,925.98       11.99        325,000       260,000        2,117
 96/07/16       16/08/01          240       236        85.54
 Y       SFR          T          2
 559112208         2536523        1115 CATLIN STREET #D
 SIMI VALLEY                             CA         93065           25,000
    24,861.94       12.99        135,000       123,000        1,853
 96/09/01       11/09/15          180       177       109.63
 Y       COND         T          2
 559274991         2536524        2116 HOLLY AVENUE
 ONTARIO                                 CA         91762           17,000
    16,841.84       12.99        140,000       137,117        3,305
 96/05/22       11/07/18          180       175       110.08
 Y       SFR          T          2
 559313604         2536525        6842 OREGON STREET
 BUENA PARK                              CA         90621           25,000
    24,719.70       10.99        122,000       121,048        1,935
 96/07/03       11/07/12          180       175       119.71
 Y       SFR          T          2
 558922508         2536526        13311 DOS LOMAS COURT
 VICTORVILLE                             CA         92392           15,000
    14,815.11       11.99        200,000        97,466        1,227
 96/03/13       11/05/21          180       173        56.23
 Y       SFR          T          2

 
 5589779311        2536527        37701 BLAZING STAR STR
 PALMDALE                                CA         93552           25,000
    24,691.80       11.99        110,000       100,082        1,753
 96/05/31       11/06/05          180       174       113.71
 Y       SFR          T          2
 559082922         2536528        560 COUDURES WAY
 PERRIS                                  CA         92571           11,000
    10,944.83       13.99        100,000        92,233        1,440
 96/08/15       11/08/23          180       176       103.23
 Y       SFR          T          2
 558803437         2536529        1810 1812 1812A & 1812
 LONG BEACH                              CA         90802           20,000
    19,851.86       12.99        257,718       187,788          778
 96/07/25       11/08/01          180       176        80.63
 Y       SFR          T          2
 558846017         2536530        34902 BURUNDY COURT
 YUCAIPA                                 CA         92399           25,000
    24,796.58       11.99        145,000       113,366        2,119
 96/07/26       11/08/01          180       176        95.42
 Y       SFR          T          2
 558906377         2536531        8421 BECKFORD AVENUE
 NORTHRIDGE                              CA         91324           25,000
    24,717.97       10.99        168,000       147,879        2,983
 96/06/18       11/07/12          180       175       102.90
 Y       SFR          T          2
 558559178         2536532        9072 WILKING COURT
 RIVERSIDE                               CA         92508           25,000
    24,691.80       11.99        143,000       127,441        2,484
 96/06/11       11/06/19          180       174       106.60
 Y       SFR          T          2
 558742433         2536533        11585 ARGUELLO DRIVE
 MIRA LOMA                               CA         91752           12,000
    11,851.28       10.99        167,000       155,687        2,068
 96/09/04       11/09/20          180       177       100.41
 Y       SFR          T          2
 558785108         2536534        5387 WEST SWIFT AVENUE
 FRESNO                                  CA         93722           25,000
    24,903.90       12.49        112,000        81,230        2,387
 96/07/26       16/08/15          240       236       115.82
 Y       SFR          T          3
 558318212         2536535        8926 SOUTH HARVARD BOU
 LOS ANGELES                             CA         90047           25,000
    24,778.42       13.50        137,000       135,211        1,753
 96/05/28       11/07/03          180       175       116.94
 Y       SFR          T          2
 558363957         2536536        5312 NORTH ANGUS AVENU
 FRESNO                                  CA         93710           10,000
     9,959.00       12.99         99,500        72,700        1,239
 96/11/02       06/11/15          120       119        83.12
 Y       SFR          T          2
 558456922         2536537        21307 TRUMPET DRIVE #2
 NEWHALL                                 CA         91321           11,000
    10,876.67       10.99         95,000        69,756        1,137
 96/06/18       11/07/02          180       175        85.01
 Y       SFR          T          2
 5579960131        2536538        825 NORTH IDYLLWILD AV
 RIALTO                                  CA         92376            8,000
     7,928.58       10.99         93,000        91,258        1,113
 96/06/13       11/07/01          180       175       106.73
 Y       SFR          T          2
 558085802         2536539        89 GALLERON COURT
 OAKLEY                                  CA         94561           10,000
     9,222.41       11.99        217,000       188,745        2,991
 96/06/02       01/06/15           60        54        91.59
 Y       SFR          T          2
 558310863         2536540        10607 LANGMUIR AVENUE
 SUNLAND                                 CA         91040           15,000
    14,877.97       11.99         86,500        82,150        1,109
 96/07/14       11/08/01          180       176       112.31
 Y       SFR          T          2

 
 557895083         2536541        13812 REGENTVIEW AVENU
 BELLFLOWER                              CA         90706           20,000
    19,899.68       13.99        200,000       145,127        1,772
 96/08/20       11/09/06          180       177        82.56
 Y       SFR          T          2
 5579450711        2536542        270 HIMALAYA DRIVE
 CORONA                                  CA         91719           15,000
    14,945.08       12.99        172,600       155,000        2,531
 96/09/25       11/10/03          180       178        98.49
 Y       SFR          T          2
 557667620         2536543        21314 GARY DRIVE #209
 HAYWARD                                 CA         94541           25,000
    24,776.25       12.99        155,000       138,589        1,790
 96/05/10       16/05/15          240       233       105.54
 Y       COND         T          2
 557682951         2536544        8178 CAMP CHAFFEE ROAD
 VENTURA                                 CA         93001           15,000
    14,642.12       13.99        200,000       182,950        2,300
 96/05/23       06/06/10          120       114        98.98
 Y       SFR          T          2
 557714987         2536545        16400 LASSEN STREET
 NORTH HILLS                             CA         91343           11,500
    11,284.96       10.99        135,000       133,267        1,670
 96/07/18       06/08/01          120       116       107.23
 Y       SFR          T          2
 557572503         2536546        1312 NAOMI STREET
 BURBANK                                 CA         91505           25,000
    24,901.53       13.99        145,000       142,586        1,942
 96/06/24       16/06/28          240       234       115.58
 Y       SFR          T          2
 557613826         2536547        2313 ADDISON WAY
 LOS ANGELES                             CA         90041           25,000
    24,878.20       10.99        180,000       124,645        1,867
 96/08/27       11/10/22          180       178        83.14
 Y       SFR          T          2
 557623986         2536548        3135 HORSESHOE COURT
 LANCASTER                               CA         93535           25,000
    24,776.79       10.99        125,000       120,769        1,917
 96/07/30       11/08/13          180       176       116.62
 Y       SFR          T          2
 556891574         2536549        16317 HIAWATHA STREET
 LOS ANGELES                             CA         91344           25,000
    24,863.79       12.99        167,000       144,447        3,273
 96/06/03       16/06/24          240       234       101.47
 Y       SFR          T          2
 557254677         2536550        11602 LISBURN PLACE
 LA MIRADA                               CA         90638           25,000
    24,420.85       10.99        175,000       151,357        2,101
 96/06/22       11/07/11          180       175       100.78
 Y       SFR          T          2
 5575494611        2536551        25815 2ND STREET
 HEMET                                   CA         92544           15,000
    13,414.63       12.99         75,000        68,867        1,063
 96/05/28       11/06/12          180       174       111.82
 Y       SFR          T          2
 556534841         2536552        45538 FAIRBANKS AVENUE
 LANCASTER                               CA         93534           13,000
    12,801.78       10.99        105,000       103,194        1,271
 96/05/30       11/06/15          180       174       110.66
 Y       SFR          T          2
 556539079         2536553        586 STATE HIGHWAY 138
 CRESTLINE                               CA         92325           15,000
    14,866.08       10.99         94,000        92,740        1,397
 96/07/12       11/08/01          180       176       114.62
 Y       SFR          T          2
 556826934         2536554        14969 REDWOOD LANE
 CHINO HILLS                             CA         91709           11,000
    10,864.40       11.99        185,000       169,659        1,929
 96/05/02       11/05/09          180       173        97.65
 Y       SFR          T          2

 
 556021369         2536555        3216 WEST SUNFLOWER AV
 SAN BERNARDINO                          CA         92407           15,000
    14,779.19       11.99        148,000       125,904        2,003
 96/05/01       11/05/10          180       173        95.21
 Y       SFR          T          2
 556038912         2536556        1412 CAPRI LANE
 SAN JACINTO                             CA         92583           25,000
    24,955.58       12.99        143,000       111,657        1,364
 96/10/08       16/10/22          240       238        95.56
 Y       SFR          T          2
 556255000         2536557        20120 BROWN STREET
 PERRIS                                  CA         92570           25,000
    24,638.70       11.99        135,000       112,109        2,110
 96/05/01       11/05/01          180       173       101.56
 Y       SFR          T          2
 555842951         2536558        11882 OUTLOOK LANE
 SANTA ANA                               CA         92705           25,000
    24,870.90       11.99        462,500       237,418        6,210
 96/06/10       16/07/01          240       235        56.74
 Y       SFR          T          2
 555942075         2536559        16465 ANDERSON DRIVE
 SONORA                                  CA         95370           17,500
    17,500.00       11.99        260,000       201,724        2,695
 96/11/02       12/01/02          180       180        84.32
 Y       SFR          T          2
 555800601         2536560        44433 DATE AVENUE
 LANCASTER                               CA         93534           25,000
    24,603.95       10.99         87,000        83,168        1,630
 96/06/12       11/06/24          180       174       124.33
 Y       SFR          T          2
 555817097         2536561        780 MT. WASHINGTON DRI
 LOS ANGELES                             CA         90065           25,000
    24,912.44       10.99        240,000       211,926        3,482
 96/09/17       16/10/22          240       238        98.72
 Y       SFR          T          2
 555695147         2536562        15199 ELM STREET
 HESPERIA                                CA         92345           25,000
    24,881.14       13.99        180,000       130,000        1,597
 96/05/13       16/06/11          240       234        86.11
 Y       SFR          T          2
 555706868         2536563        1830 HILLSIDE DRIVE
 GLENDALE                                CA         91208           25,000
    24,874.62       13.99        220,000       197,800        2,699
 96/09/27       11/10/28          180       178       101.27
 Y       SFR          T          2
 5557607171        2536564        223 CHANSLOR AVENUE
 RICHMOND                                CA         94801           21,500
    21,405.27       13.99        125,000        97,000        2,032
 96/05/04       16/06/26          240       234        94.80
 Y       SFR          T          2
 555515275         2536565        10066 SILVERTON AVENUE
 TUJUNGA                                 CA         91042           25,000
    24,860.51       13.99        175,000       169,848        3,710
 96/04/23       16/05/20          240       233       111.34
 Y       SFR          T          2
 555550939         2536566        335 NORTH D STREET
 EXETER                                  CA         93221           11,000
    10,887.71       13.99         48,000        43,643        1,173
 96/05/01       11/05/23          180       173       113.84
 Y       SFR          T          2
 555619745         2536567        17608 CRANBROOK AVENUE
 TORRANCE                                CA         90504           25,000
    24,816.40       12.99        230,000       233,324        2,451
 96/04/23       16/05/21          240       233       112.31
 Y       SFR          T          2
 555195715         2536568        7012 BALCOM AVENUE
 RESEDA                                  CA         91335           20,000
    19,710.91       11.99        160,000       137,750        2,025
 96/04/29       11/05/10          180       173        98.59
 Y       SFR          T          2

 
 555195784         2536569        40015 TINDERBOX WAY
 MURRIETA                                CA         92562           25,000
    24,767.39       12.99        190,000       180,438        2,730
 96/06/17       11/07/02          180       175       108.13
 Y       SFR          T          2
 555259143         2536570        25572 SIERRA CADIZ COU
 MORENO VALLEY                           CA         92551           25,000
    24,798.71       14.50        128,000       122,575        2,493
 96/04/29       11/06/17          180       174       115.29
 Y       SFR          T          2
 554918735         2536571        13921 EAST RATH STREET
 LA PUENTE                               CA         91746           25,000
    24,670.79       12.99        150,772       142,937        2,293
 96/03/13       11/05/08          180       173       111.38
 Y       SFR          T          2
 555063384         2536572        2755 JULIE ANN COURT
 CARMICHAEL                              CA         95638           20,000
    19,868.49       11.99        243,000       157,810        2,686
 96/08/16       11/09/01          180       177        73.17
 Y       SFR          T          2
 555065065         2536573        5406 VISTA SIERRA
 CYPRESS                                 CA         90630           25,000
    24,817.44       11.99        300,000       267,737        4,632
 96/04/18       16/05/01          240       233        97.58
 Y       SFR          T          2
 554785262         2536574        565 BAINFORD AVENUE
 LA PUENTE                               CA         91744           20,000
    19,683.17       10.99        108,000       106,823        1,921
 96/04/03       11/05/17          180       173       117.43
 Y       SFR          T          2
 554887384         2536575        647 WEST ORANGE GROVE
 POMONA                                  CA         91768           17,000
    16,809.60       10.99        129,500       127,264        2,229
 96/06/13       11/06/28          180       174       111.40
 Y       SFR          T          2
 554550423         2536576        2399 MOUNTAIN AVENUE
 NORCO                                   CA         91760           25,000
    24,721.72       14.99        200,000       184,974        3,604
 96/05/14       11/05/21          180       173       104.99
 Y       SFR          T          2
 554610746         2536577        1179 NARANCA AVENUE
 EL CAJON                                CA         92021           25,000
    24,691.80       11.99        117,000       116,150        1,582
 96/04/28       11/05/15          180       173       120.64
 Y       SFR          T          2
 554657193         2536578        30635 N. YOSEMITE DRIV
 CASTAIC                                 CA         91384           25,000
    24,732.34       11.49        229,000       203,000        2,366
 96/06/24       11/07/02          180       175        99.56
 Y       SFR          T          2
 554377982         2536579        6320 WEST AVENUE J-5
 LANCASTER                               CA         93536           25,000
    24,331.00       11.99        125,000       125,927        1,962
 96/05/07       06/05/20          120       113       120.74
 Y       SFR          T          2
 554414980         2536580        311 CAMERON AVENUE
 POMONA                                  CA         91767            7,500
     7,447.05       13.49        130,000       124,160        1,981
 96/07/03       11/07/11          180       175       101.28
 Y       SFR          T          2
 554497160         2536581        65 NORTH ALLEN AVENUE
 PASADENA                                CA         91106           13,500
    13,455.72       11.49        180,000        79,656        1,335
 96/08/26       16/09/06          240       237        51.75
 Y       SFR          T          2
 554314529         2536582        8549 GAINFORD STREET
 DOWNEY                                  CA         90240           25,000
    24,918.74       11.99        220,000       196,740        2,956
 96/08/21       16/09/19          240       237       100.79
 Y       SFR          T          2

 
 554337502         2536583        13019 FOSTER ROAD
 NORWALK                                 CA         90650           25,000
    24,949.18       14.99        154,000       146,300        1,776
 96/08/22       16/09/20          240       237       111.23
 Y       SFR          T          2
 5543503441        2536584        14922 FAIRHOPE DRIVE
 LA MIRADA                               CA         90636            9,500
     9,396.58       14.99        186,000       166,127        2,602
 96/05/02       11/05/14          180       173        94.42
 Y       SFR          T          2
 553942691         2536585        6324 ALFONSO COURT
 CHINO                                   CA         91710           25,000
    24,670.79       12.99        108,100        90,000        1,912
 96/04/22       11/05/07          180       173       106.38
 Y       SFR          T          2
 554156552         2536586        20034 WEST CURASSOW CO
 SANTA CLARITA                           CA         91351           20,000
    20,000.00       10.99        180,000       175,807        3,094
 96/11/14       11/12/10          180       180       108.78
 Y       COND         T          2
 553744185         2536587        1831 LEXINGTON DRIVE
 CORONA                                  CA         91720           25,000
    24,741.65       11.99        175,000       140,000        2,877
 96/06/14       11/06/21          180       174        94.29
 Y       SFR          T          3
 553891218         2536589        18099 HACKBERRY STREET
 HESPERIA                                CA         92345           10,000
     9,902.74       14.50         73,000        72,513        1,076
 96/05/29       11/06/13          180       174       113.03
 Y       SFR          T          2
 553418556         2536590        828 CAMPBRIDGE COURT E
 LANCASTER                               CA         93535           25,000
    24,768.23       14.99        120,000       118,584        2,809
 96/05/22       11/06/04          180       174       119.65
 Y       SFR          T          2
 553579529         2536591        2960 CHAMPION WAY #505
 TUSTIN                                  CA         92680           11,000
    10,926.01       13.99         85,000        64,794        1,501
 96/07/03       11/07/15          180       175        89.17
 Y       COND         T          2
 553631756         2536592        377 NORTH IRONPIKE CIR
 ANAHEIM                                 CA         92807           25,000
    24,910.18       12.99        112,000       111,000        1,849
 96/09/09       16/09/16          240       237       121.43
 Y       COND         T          2
 553174292         2536593        14390 PRINCETON COURT
 ADELANTO                                CA         92301           20,000
    19,865.74       10.99         70,000        66,430        1,387
 96/07/29       11/08/20          180       176       123.47
 Y       SFR          T          2
 553197606         2536594        5941 BUCHANAN STREET
 SAN BERNARDINO                          CA         92405           25,000
    25,000.00       11.99        158,000        85,607        2,908
 96/11/08       11/12/15          180       180        70.00
 Y       SFR          T          2
 552644959         2536595        27031 OAKMONT ROAD
 VALLEY CENTER                           CA         92082           25,000
    24,844.30       11.99        114,500       113,957        1,398
 96/05/16       16/05/22          240       233       121.36
 Y       SFR          T          2
 552875758         2536596        1044 NORTH HILL AVENUE
 PASADENA                                CA         91104           11,500
    11,368.71       12.99        183,000       173,729        2,293
 96/07/23       11/08/01          180       176       101.22
 Y       SFR          T          2
 553065852         2536597        1205 EAST SUDENE AVENU
 FULLERTON                               CA         92631           25,000
    24,767.39       12.99        147,500       132,300        1,714
 96/06/08       11/07/15          180       175       106.64
 Y       SFR          T          2


<PAGE>
 
 552114364         2536598        68065 ESPADA ROAD
CATHEDRAL CITY                          CA         92234           15,000
    14,806.59       12.99         90,000        84,776        1,660
 96/06/19       11/07/02          180       175       110.86
 Y       SFR          T          2
 552471502         2536599        21910 DOTAME AVENUE
 APPLE VALLEY                            CA         92307           11,000
    10,947.68       13.99         64,000        52,473          825
 96/05/20       16/06/01          240       234        99.18
 Y       SFR          T          2
 552535050         2536600        10001 LADERA ROAD
 LUCERNE VALLEY                          CA         92356           25,000
    24,719.70       10.99        104,000        76,770        1,562
 96/06/10       11/06/20          180       174        97.86
 Y       SFR          T          2
 551844458         2536601        9741 ARMLEY AVENUE
 WHITTIER                                CA         90604           25,000
    24,776.79       10.99        164,900       164,287        2,290
 96/06/19       11/07/12          180       175       114.79
 Y       SFR          T          2
 551848618         2536602        63054 ROCKING CHAIR RO
 JOSHUA TREE                             CA         92252           11,000
    10,922.38       13.49         90,000        55,570        1,174
 96/06/15       11/07/11          180       175        73.97
 Y       SFR          T          2
 551889902         2536603        4778 LUCCHESI COURT
 OAKLEY                                  CA         94561           20,000
    19,837.31       11.99        165,000       143,000        1,324
 96/06/27       11/08/08          180       176        98.79
 Y       SFR          T          2
 551547863         2536604        39370 CLEARWATER DRIVE
 OAK GLEN                                CA         92399           25,000
    24,833.36       10.99        137,000       129,293        2,419
 96/08/29       11/09/17          180       177       112.62
 Y       SFR          T          2
 551666545         2536605        5804 MASCOT AVENUE
 SACRAMENTO                              CA         95824           25,000
    24,944.96       10.99         85,000        38,900        1,347
 96/10/22       11/11/06          180       179        75.18
 Y       SFR          T          2
 551708647         2536606        182 QUAIL HOLLOW DRIVE
 GALT                                    CA         95632           12,000
    11,975.95       11.99        150,000       124,026        1,286
 96/10/10       11/11/13          180       179        90.68
 Y       SFR          T          2
 551278067         2536607        1941 ELOISE WAY
 UPLAND                                  CA         91784           20,000
    19,955.97       10.99        219,000       172,900        2,864
 96/10/17       11/11/01          180       179        88.08
 Y       SFR          T          2
 551354803         2536608        566 CASUDA CANYON DRIV
 MONTEREY PARK                           CA         91754           25,000
    24,889.41       10.99        235,000       216,619        3,604
 96/09/20       11/10/15          180       178       102.82
 Y       SFR          T          2
 551411851         2536609        5035 EAST GERDA DRIVE
 ANAHEIM                                 CA         92807           25,000
    24,787.08       12.99        195,000       151,521        2,230
 96/06/06       16/07/12          240       235        90.52
 Y       SFR          T          2
 550909061         2536610        12700 E. LE GRAND RD.
 LE GRAND                                CA         95333           20,000
    19,735.47       12.99         91,000        71,000        1,186
 96/04/22       11/05/15          180       173       100.00
 Y       SFR          T          2
 551131649         2536611        118 CINNAMON TEAL
 LAGUNA HILLS                            CA         92656           16,500
    16,314.77       12.99         93,271        93,271        1,787
 96/05/21       11/06/01          180       174       117.69
 Y       COND         T          2

 
 551175768         2536612        234 LINWOOD AVENUE
 MONROVIA                                CA         91016           15,000
    14,831.61       12.99        156,000       147,729        2,220
 96/05/31       11/06/13          180       174       104.31
 Y       SFR          T          2
 550845577         2536613        30232 ABELIA ROAD
 SANTA CLARITA                           CA         91351           18,000
    17,816.02       11.99        150,000       130,500        1,863
 96/05/30       11/06/13          180       174        99.00
 Y       SFR          T          2
 550849596         2536614        1313 WEST HILL AVENUE
 FULLERTON                               CA         92633           25,000
    24,776.79       10.99        160,829       149,784        3,078
 96/08/13       11/08/23          180       176       108.68
 Y       SFR          T          2
 550652376         2536615        8214 BERINGER PLACE
 RANCHO CUCAMONGA                        CA         91730           25,000
    24,860.51       13.99        135,000       125,900        1,956
 96/05/14       16/05/24          240       233       111.78
 Y       SFR          T          2
 550806063         2536616        10416 GREENBUSH AVENUE
 WHITTIER                                CA         90604           10,000
     9,580.59       10.99        118,665       136,000        1,563
 96/09/10       11/09/27          180       177       123.04
 Y       SFR          T          2
 550808224         2536617        59 SOUTHWIND
 ALISO VIEJO                             CA         92656           25,000
    24,430.38       11.99        180,000       169,906        2,042
 96/05/03       11/05/15          180       173       108.28
 Y       COND         T          2
 550492260         2536618        4086 NORTH OCEANVIEW S
 ORANGE                                  CA         92665           25,000
    24,824.96       13.99        208,549       170,000        2,673
 96/08/15       11/09/03          180       177        93.50
 Y       SFR          T          2
 550551641         2536619        16426 PLUMMER STREET
 LOS ANGELES                             CA         91343           20,000
    19,830.89       13.99        185,000       144,253        2,316
 96/06/13       11/07/08          180       175        88.79
 Y       SFR          T          2
 550594863         2536620        5808 EAST AVENUE T
 PALMDALE                                CA         93552           25,000
    24,744.45       11.99        100,000        90,617        1,432
 96/07/12       11/07/24          180       175       115.62
 Y       SFR          T          2
 550250822         2536621        8091 SAN HELICE CIRCLE
 BUENA PARK                              CA         90620           19,200
    19,093.98       12.99        260,000       195,723        3,475
 96/08/09       11/09/01          180       177        82.66
 Y       SFR          T          2
 550412428         2536623        20531 VENDALE DRIVE
 LAKEWOOD                                CA         90715           25,000
    25,000.00       10.99        185,000       156,339        2,402
 96/11/22       11/12/20          180       180        98.02
 Y       SFR          T          2
 549839918         2536624        15680 MALAGA DRIVE
 FONTANA                                 CA         92336           12,000
    11,883.30       14.50        140,000       109,778        1,863
 96/04/29       11/06/01          180       174        86.98
 Y       SFR          T          2
 549918603         2536625        345 POMELO AVENUE
 BREA                                    CA         92621           15,000
    14,906.64       11.99        180,179       145,075        1,913
 96/04/24       16/05/15          240       233        88.84
 Y       SFR          T          2
 549930262         2536626        11658 MITLA AVENUE
 DOWNEY                                  CA         90241           18,000
    17,960.77       14.49        139,000       137,347        1,566
 96/08/08       16/09/13          240       237       111.76
 Y       SFR          T          2

 
 549430950         2536627        5125 EAST EAGLE STREET
 LONG BEACH                              CA         90815           25,000
    24,776.79       10.99        156,843       147,644        2,464
 96/08/01       11/08/13          180       176       110.07
 Y       SFR          T          2
 549512324         2536628        23430 CHERRY STREET
 NEWHALL                                 CA         91321           20,000
    19,866.69       10.99        180,000       139,767        1,560
 96/09/06       11/09/23          180       177        88.76
 Y       SFR          T          2
 549747969         2536629        21823 DOLORES STREET
 CARSON                                  CA         90745           25,000
    24,756.98       14.50        185,000       129,421        2,490
 96/06/12       11/07/02          180       175        83.47
 Y       SFR          T          2
 549337316         2536630        1104 EAST RENTON STREE
 CARSON                                  CA         90745           17,000
    16,937.76       12.99        112,000       112,000        1,510
 96/09/18       11/10/08          180       178       115.18
 Y       SFR          T          2
 549359651         2536631        27024 SECO CANYON ROAD
 SANTA CLARITA                           CA         91350           25,000
    24,756.98       14.50        140,000       133,029        2,203
 96/05/18       11/06/01          180       174       112.88
 Y       SFR          T          2
 549412292         2536632        689 30TH STREET A B C
 OAKLAND                                 CA         94609           11,000
    10,943.13       12.99        120,000       125,342        1,664
 96/08/07       16/09/13          240       237       113.62
 Y       SFR          T          2
 549046926         2536633        17730 MALAGA DRIVE
 FONTANA                                 CA         92336           25,000
    24,719.51       12.99        108,000       102,576        2,125
 96/07/05       11/07/15          180       175       118.13
 Y       SFR          T          2
 549111390         2536634        4954 GLACIER DRIVE
 LOS ANGELES                             CA         90041           25,000
    24,691.87       11.99        165,000       145,000        2,641
 96/05/09       11/06/10          180       174       103.03
 Y       SFR          T          2
 549273421         2536635        24600 GENEVA DRIVE
 CRESTLINE                               CA         92325           10,000
     9,926.98       11.99         97,000        84,568        1,731
 96/04/24       16/05/13          240       233        97.49
 Y       SFR          T          2
 548750846         2536637        27552 SWEETBRIER LANE
 MISSION VIEJO                           CA         92691           17,000
    16,960.48       10.99        195,000       169,543        2,339
 96/10/07       16/10/17          240       238        95.66
 Y       SFR          T          2
 548842820         2536638        8882 EL CAPITAN AVENUE
 FOUNTAIN VALLEY                         CA         92708           25,000
    24,961.29       13.99        223,000       169,520        3,817
 96/09/17       16/10/04          240       238       109.65
 Y       SFR          T          3
 548666030         2536639        7442 TERRACE DR.
 EL CERRITO                              CA         94530           17,500
    17,468.14       12.99        220,000       172,381        2,005
 96/10/18       11/11/01          180       179        86.31
 Y       SFR          T          2
 548697219         2536640        12880 ACACIA AVENUE
 DESERT HOT SPRINGS                      CA         92240           12,000
    11,946.92       10.99         63,500        56,945        1,081
 96/09/24       11/10/11          180       178       108.57
 Y       SFR          T          2
 548716578         2536641        20091 BIG BEND LANE
 HUNTINGTON BEACH                        CA         92646           25,000
    24,833.39       10.99        300,000       239,537        2,442
 96/08/16       11/09/06          180       177        88.18
 Y       SFR          T          2

 
 548434507         2536642        423 RIDGVIEW DRIVE
 PLEASANT HILL                           CA         94523           24,000
    23,797.72       10.99        140,736       136,448        2,149
 96/04/25       16/05/08          240       233       114.01
 Y       SFR          T          2
 548452246         2536643        161 S. HOOVER STREET
 LOS ANGELES                             CA         90004           25,000
    24,971.08       10.99        190,000       180,500        1,948
 96/09/17       16/10/16          240       238       108.16
 Y       SFR          T          2
 548464807         2536644        15744 VICTORIA AVENUE
 LA PUENTE                               CA         91744           15,000
    14,922.55       11.99        150,000       120,000        1,384
 96/06/25       16/07/01          240       235        90.00
 Y       SFR          T          2
 548199620         2536645        22552 BURBANK BOULEVAR
 WOODLAND HILLS                          CA         91367           25,000
    24,331.00       11.99        220,000       151,500        1,069
 96/04/23       06/06/17          120       114        80.23
 Y       SFR          T          2
 548297658         2536646        843 VINEYARD AVENUE
 DUARTE                                  CA         91010           20,000
    19,911.06       10.99        150,000       142,413        3,008
 96/09/24       11/10/03          180       178       108.28
 Y       SFR          T          2
 548299635         2536647        8161 CANBY AVENUE #5
 RESEDA                                  CA         91335           22,000
    21,728.81       11.99        106,900        97,989        2,186
 96/06/19       11/06/28          180       174       112.24
 Y       SFR          T          2
 5480631622        2536648        29110 MANGO STREET
 LAKE ELSINORE                           CA         92530           15,000
    14,964.96       13.99        160,000       153,419        2,745
 96/08/20       16/09/16          240       237       105.26
 Y       SFR          T          3
 548131625         2536649        933 EAST 116TH PLACE
 LOS ANGELES                             CA         90059           25,000
    24,901.53       13.99        140,000       126,000        1,146
 96/06/03       16/07/03          240       235       107.86
 Y       SFR          T          2
 548152867         2536650        350 SOUTH ARMEL DRIVE
 COVINA                                  CA         91722           23,000
    23,000.00       13.75        134,500       132,500        1,281
 96/11/06       11/11/28          180       180       115.61
 Y       SFR          T          2
 547900900         2536651        24512 CADIZ DRIVE
 LOMITA                                  CA         90717           25,000
    24,807.99       12.99        225,000       145,000        2,538
 96/07/12       11/07/15          180       175        75.56
 Y       SFR          T          2
 547949321         2536652        890 EAST 52ND PLACE
 LOS ANGELES                             CA         90011           25,000
    24,855.22       12.49        113,266        84,785        2,313
 96/09/13       11/09/24          180       177        96.93
 Y       SFR          T          2
 547636563         2536654        5918 EASTBROOK AVENUE
 LAKEWOOD                                CA         90713           22,500
    22,500.00       11.99        160,000       147,537        3,112
 96/11/27       16/12/15          240       240       106.27
 Y       SFR          T          2
 547669143         2536655        326 EAST MOUNTAIN COUR
 BREA                                    CA         92621           13,700
    13,514.83       10.99        150,000       146,964        1,552
 96/06/21       11/06/28          180       174       107.11
 Y       SFR          T          2
 547847300         2536656        37750 HIGHWAY 38
 ANGELUS OAKS                            CA         92305           25,000
    24,709.21       11.99         83,000        53,000        1,324
 96/07/01       11/07/12          180       175        93.98
 Y       SFR          T          2

 
 547312903         2536657        10743 AVONBURY AVENUE
 WHITTIER                                CA         90603           25,000
    24,828.40       13.99        175,000       159,709        2,214
 96/09/06       11/09/15          180       177       105.55
 Y       SFR          T          2
 547374703         2536658        10362 10TH STREET
 HESPERIA                                CA         92345           10,000
     9,891.11       14.99        100,000        75,370          252
 96/04/24       11/05/08          180       173        85.37
 Y       SFR          T          2
 547533565         2536659        10444 CANOGA AVENUE #6
 CHATSWORTH                              CA         91311           20,000
    19,919.44       11.99        170,000       140,306        2,797
 96/10/11       11/10/25          180       178        94.30
 Y       COND         T          3
 547173477         2536661        15268 GOLDEN SANDS STR
 LAKE ELSINORE                           CA         92530           15,000
    14,854.18       14.50        132,000       130,172        2,149
 96/04/29       11/05/17          180       173       109.98
 Y       SFR          T          2
 547194182         2536662        8038 KENYON AVENUE
 LOS ANGELES                             CA         90045           25,000
    24,933.00       12.99        262,500       249,350        2,668
 96/09/23       16/10/16          240       238       104.51
 Y       SFR          T          2
 546820297         2536663        37975 SPYGLASS CIRCLE
 MURRIETA                                CA         92563           25,000
    24,638.51       11.99        130,000       125,956        2,546
 96/04/26       11/05/07          180       173       116.12
 Y       SFR          T          2
 546882482         2536664        12428 DORLAND STREET
 WHITTIER                                CA         90601           20,000
    19,782.28       14.99        150,000       145,784        2,161
 96/05/06       11/05/15          180       173       110.52
 Y       SFR          T          2
 546922058         2536665        1820 KELLY ROSE COURT
 LAKEPORT                                CA         95453           25,000
    24,881.02       10.99        150,000       134,767        2,397
 96/07/13       16/09/12          240       237       106.51
 Y       SFR          T          2
 546652238         2536666        28681 SAND ISLAND WAY
 MENIFEE                                 CA         92584           17,000
    16,730.69       10.99        144,785       131,612        1,888
 96/04/16       11/05/01          180       173       102.64
 Y       SFR          T          2
 546754094         2536667        2225 MONTROSE STREET
 OXNARD                                  CA         93033           17,500
    17,410.98       13.50        135,000       121,009          887
 96/05/30       16/06/25          240       234       102.60
 Y       SFR          T          2
 546356181         2536668        7231 COOLGROVE DRIVE
 DOWNEY                                  CA         90240           25,000
    24,256.06       11.99        169,000       159,952        1,567
 96/04/03       11/05/10          180       173       109.44
 Y       SFR          T          2
 546477148         2536669        1828 EAST QUEENSDALE S
 COMPTON                                 CA         90221           12,000
    11,835.36       10.99        118,400       122,437        2,637
 96/06/03       11/06/14          180       174       113.54
 Y       SFR          T          2
 545767312         2536670        9255 MEDALLION WAY
 SACRAMENTO                              CA         95826           20,000
    19,955.97       10.99        100,000        93,330        1,639
 96/10/23       11/11/03          180       179       113.33
 Y       SFR          T          2
 545828187         2536671        1271 NORTH GRAND AVENU
 COLTON                                  CA         92324           15,000
    14,888.96       12.99         85,000        69,531        1,438
 96/06/20       11/07/01          180       175        99.45
 Y       SFR          T          2

 
 545566449         2536673        1422 EAST 46TH STREET
 LOS ANGELES                             CA         90011           25,000
    24,872.97       13.99        136,759       136,759        1,599
 96/07/23       11/08/15          180       176       118.28
 Y       SFR          T          2
 545645567         2536674        119 MT. TRINITY COURT
 CLAYTON                                 CA         94517           25,000
    24,638.70       11.99        270,000       249,000        2,959
 96/04/05       11/05/01          180       173       101.48
 Y       SFR          T          2
 545668314         2536675        1412 NORTH 15TH STREET
 BOISE                                   ID         83702           15,000
    14,831.61       12.99        120,000       101,026        1,043
 96/06/10       11/06/20          180       174        96.69
 Y       SFR          T          2
 545399342         2536676        30598 LARAMIE AVENUE
 REDLANDS                                CA         92374           15,000
    14,908.44       14.99        150,000       142,277        2,106
 96/07/20       11/08/01          180       176       104.85
 Y       SFR          T          2
 545471580         2536677        1085 BALBOA AVENUE
 LAGUNA BEACH                            CA         92651           25,000
    24,667.88       13.99        345,000       306,000        4,496
 96/04/23       11/05/17          180       173        95.94
 Y       SFR          T          2
 545503240         2536678        2427 8TH STREET A & B
 BERKELEY                                CA         94710           20,000
    19,552.81       13.99        115,000       111,403        1,359
 96/05/16       11/05/15          180       173       114.26
 Y       SFR          T          2
 545291877         2536679        36964 FIRETHORN STREET
 PALMDALE                                CA         93550           25,000
    24,833.67       11.49        150,000       142,237        2,068
 96/05/31       16/06/17          240       234       111.49
 Y       SFR          T          2
 5453745531        2536680        11282 PRICE COURT
 RIVERSIDE                               CA         92503           14,000
    13,843.03       10.99        130,000       118,149        2,076
 96/06/05       11/06/01          180       174       109.93
 Y       SFR          T          3
 545391925         2536681        1775 EAST 43RD STREET
 LOS ANGELES                             CA         90058           25,000
    24,661.51       11.99        100,000        84,300        1,212
 96/05/03       11/06/10          180       174       109.30
 Y       SFR          T          2
 545130968         2536682        5419 RIDGEVIEW AVENUE
 MIRA LOMA                               CA         91752           11,000
    10,875.06       10.99        105,000        95,310        1,455
 96/07/01       11/07/22          180       175       101.25
 Y       SFR          T          2
 545253877         2536683        16800 OAK WAY LANE
 CHINO HILLS                             CA         91709           20,000
    19,923.67       12.99        125,000        83,000        1,138
 96/09/06       16/09/12          240       237        82.40
 Y       SFR          T          2
 545278931         2536684        525 WILLET STREET
 EL CAJON                                CA         92020           12,000
    11,933.70       12.99        142,000       123,266        1,576
 96/09/16       11/09/27          180       177        95.26
 Y       SFR          T          2
 545026887         2536685        1610 EAST ASPEN DRIVE
 SANTA ANA                               CA         92705           25,000
    24,796.58       11.99        225,000       116,900        1,586
 96/07/25       11/08/23          180       176        63.07
 Y       SFR          T          2
 545066865         2536686        80 WEST DAMERON STREET
 LONG BEACH                              CA         90805           25,000
    24,756.17       12.49        148,000       145,638        2,976
 96/06/21       11/07/18          180       175       115.30
 Y       SFR          T          2

 
 545067310         2536687        20179 ORANGE STREET
 CORONA                                  CA         91719           25,000
    24,814.35       12.99        127,000       123,295        2,777
 96/07/10       11/07/24          180       175       116.77
 Y       SFR          T          2
 543604179         2536688        44583 LA PAZ ROAD
 TEMECULA                                CA         92592           10,000
    10,000.00       12.99         65,000        63,500          699
 96/11/15       11/12/15          180       180       113.08
 Y       SFR          T          2
 544564686         2536689        9932 MAPLE STREET
 LOS ALAMITOS                            CA         90720           25,000
    24,916.90       13.99        214,900       200,515        3,276
 96/10/17       11/11/01          180       179       116.52
 Y       SFR          T          3
 544706476         2536690        7300 PERERA CIRCLE
 SACRAMENTO                              CA         95831           15,000
    14,945.08       12.99        120,000       112,000        2,090
 96/08/05       11/09/15          180       177       105.83
 Y       SFR          T          2
 541116696         2536691        33170 WOOD STREET
 LAKE ELSINORE                           CA         92530           25,000
    24,638.62       11.99         90,000        59,500          967
 96/04/18       11/05/15          180       173        93.89
 Y       SFR          T          2
 542132716         2536692        619 OTONO DRIVE
 BOULDER CITY                            NV         89005           20,000
    19,938.92       11.99        160,000       124,299        1,799
 96/08/01       16/09/01          240       237        90.19
 Y       SFR          T          2
 542640587         2536693        410 TRAIL HEADWAY
 MARTINEZ                                CA         94553           13,000
    12,940.36       11.99        235,000       183,425        1,642
 96/07/24       16/08/13          240       236        83.59
 Y       SFR          T          2
 530828262         2536694        1551 LINNBAKER LANE #1
 LAS VEGAS                               NV         89110           10,000
     9,620.55       11.99         50,000        47,245          743
 96/06/11       11/06/28          180       174       114.49
 Y       COND         T          2
 534840583         2536695        3028 STAFFORD WAY
 BOTHELL                                 WA         98012           25,000
    24,850.94       13.99        160,000        64,684        1,635
 96/06/22       16/07/17          240       235        56.05
 Y       SFR          T          2
 5365278421        2536696        12728 VALLEY MEADOWS D
 MORENO VALLEY                           CA         92553            5,500
     5,487.89       10.99        115,000       117,836        1,956
 96/10/18       11/10/25          180       178       124.64
 Y       SFR          T          3
 530676412         2536697        3974 BRINDLEWOOD CIRCL
 STOCKTON                                CA         95219           25,000
    24,908.46       12.99        165,614       157,194        2,552
 96/09/17       11/10/04          180       178       110.01
 Y       SFR          T          2
 530680750         2536698        1000 MEZPAH STREET
 LAS VEGAS                               NV         89106           24,000
    23,947.16       10.99         60,000        44,100        1,313
 96/10/22       11/11/15          180       179       113.50
 Y       SFR          T          2
 5308025071        2536699        2600 SIESTA AVENUE
 LAS VEGAS                               NV         89122           15,000
    14,900.02       10.99        139,000       113,685        1,350
 96/08/09       11/09/17          180       177        92.58
 Y       SFR          T          2
 5305918131        2536700        3217 CORAL HARBOR DRIV
 LAS VEGAS                               NV         89117           25,000
    24,833.36       10.99        129,000       108,166        1,517
 96/07/16       11/09/06          180       177       103.23
 Y       SFR          T          2

 
 530637829         2536701        67 CHRISTY LANE
 LAS VEGAS                               NV         89110           20,000
    19,934.23       14.99         82,000        79,500        1,342
 96/06/28       16/07/15          240       235       121.34
 Y       SFR          T          2
 529231333         2536702        3205 SOUTH ORIOLE WAY
 SALT LAKE CITY                          UT         84119           10,000
     9,964.95       10.99         91,200        90,871          782
 96/08/19       16/09/23          240       237       110.60
 Y       SFR          T          2
 529603472         2536703        6385 WESTWIND ROAD
 LAS VEGAS                               NV         89118           25,000
    25,000.00       13.99        230,000       181,372        2,580
 96/11/13       11/12/20          180       180        89.73
 Y       SFR          T          2
 529744094         2536704        908 DAVIS AVENUE
 MC CALL                                 ID         83638           15,000
    14,729.15       12.50         80,000        74,178        1,295
 96/05/15       16/05/23          240       233       111.47
 Y       SFR          T          2
 527733164         2536705        15547 CRESTVIEW LANE
 GRANADA HILLS                           CA         91344           20,000
    19,736.64       12.99        200,000       102,900        3,929
 96/04/26       11/05/10          180       173        61.45
 Y       SFR          T          2
 528467572         2536706        8152 CHIMANGO COURT
 ANTELOPE                                CA         95843           25,000
    24,881.14       13.99        200,000       155,231        2,719
 96/05/09       16/05/15          240       233        90.12
 Y       SFR          T          3
 528685128         2536707        30465 STARGAZER WAY
 MURRIETA                                CA         92563           23,000
    22,836.64       10.99        140,000       132,158        3,636
 96/04/16       16/05/10          240       233       110.83
 Y       SFR          T          2
 5265493421        2536708        18832 3RD STREET
 BLOOMINGTON                             CA         92316           10,000
     9,977.98       10.99         95,000        56,606        1,260
 96/11/01       11/11/03          180       179        85.90
 Y       SFR          T          3
 526598043         2536709        27423 GARZA DRIVE
 SAUGUS                                  CA         91350           25,000
    24,786.90       11.49        215,000       193,250        2,289
 96/07/09       11/07/26          180       175       101.51
 Y       SFR          T          2
 526788883         2536710        2228 SAYBROOK LANE
 COSTA MESA                              CA         92627           25,000
    24,874.62       13.99        147,000       149,940        1,975
 96/11/07       11/11/15          180       179       119.01
 Y       COND         T          2
 5260256021        2536711        11 KAITLYN COURT
 ALISO VIEJO                             CA         92656           16,000
    15,983.80       11.99        170,000       158,871        2,796
 96/09/24       16/11/06          240       239       102.87
 Y       COND         T          2
 526172463         2536712        120 SOUTH ROOP STREET
 SUSANVILLE                              CA         96130           25,000
    24,912.44       10.99        135,000       113,152        1,709
 96/07/25       16/09/12          240       237       102.33
 Y       SFR          T          2
 526549342         2536713        18832 3RD STREET
 BLOOMINGTON                             CA         92316           15,000
    14,802.47       12.99         70,000        56,772        1,153
 96/05/09       11/05/17          180       173       102.53
 Y       SFR          T          2
 522373917         2536714        5710 BALTIMORE DRIVE #
 LA MESA                                 CA         91942           15,000
    14,899.12       13.99         74,000        71,473        1,011
 96/07/25       11/08/15          180       176       116.86
 Y       SFR          T          2

 
 524412756         2536715        515 AVENIDA AGUILA
 SAN MARCOS                              CA         92069           25,000
    24,910.18       12.99        160,000       132,000        2,370
 96/07/03       16/07/18          240       235        98.13
 Y       SFR          T          2
 525065009         2536716        4837 GANNET WAY
 SACRAMENTO                              CA         95842           25,000
    24,977.91       12.99        110,000        99,944        1,982
 96/10/16       16/11/01          240       239       113.59
 Y       SFR          T          2
 519179578         2536717        1141 ROLLING GREEN STR
 NAMPA                                   ID         83687           15,000
    14,948.55       14.99         83,900        83,180          892
 96/06/28       16/07/12          240       235       117.02
 Y       SFR          T          2
 521431256         2536718        582 QUINCE AVENUE
 UPLAND                                  CA         91786           15,600
    15,575.21       13.99        130,000       114,537        2,987
 96/09/05       16/09/24          240       237       100.11
 Y       SFR          T          2
 521626912         2536719        34 WEST BARRYMORE STRE
 STOCKTON                                CA         95204            8,800
     8,564.49       11.99         90,000        81,441        1,478
 96/05/30       06/06/21          120       114       100.27
 Y       SFR          T          2
 513667575         2536720        2375 NORTH GALWAY DRIV
 MERIDIAN                                ID         83642           10,000
     9,991.16       12.99         84,900        83,852        1,508
 96/09/11       16/10/02          240       238       110.54
 Y       SFR          T          3
 5142890671        2536721        33350 VIA DE ANZA
 CATHEDRAL CITY                          CA         92234           10,000
     9,812.98       10.99        125,000        96,677        1,258
 96/08/05       11/10/11          180       178        85.34
 Y       SFR          T          2
 518787362         2536722        2736 ASHWOOD CIRCLE
 FULLERTON                               CA         92635           25,000
    24,545.28       10.99        314,000       312,943        2,732
 96/04/17       11/05/07          180       173       107.63
 Y       SFR          T          2
 506466304         2536723        7025 ROCA WAY
 SACRAMENTO                              CA         95842           20,000
    19,955.97       10.99        145,000        95,302        1,327
 96/11/11       11/11/25          180       179        79.52
 Y       SFR          T          2
 508988589         2536724        8898 AMBER STREET
 RIVERSIDE                               CA         92503           25,000
    24,691.80       11.99        135,000       128,748        1,763
 96/05/06       11/05/24          180       173       113.89
 Y       SFR          T          2
 511469167         2536725        6210 VAN MAREN LANE
 CITRUS HEIGHTS                          CA         95621           18,000
    17,767.99       10.99        107,419       103,959        2,497
 96/09/18       11/10/04          180       178       121.91
 Y       SFR          T          3
 503280382         2536726        211 WOODLAND DRIVE
 VISTA                                   CA         92083           17,000
    16,947.85       11.99        165,000       130,533        1,766
 96/07/22       16/09/20          240       237        89.41
 Y       SFR          T          2
 506423019         2536728        11804 BROCKMAN AVENUE
 ADELANTO                                CA         92301           12,000
    11,942.91       13.99         70,000        44,070          745
 96/05/21       16/06/06          240       234        80.10
 Y       SFR          T          2
 501787080         2536729        2750 EAST DOMINGUEZ ST
 CARSON                                  CA         90810           25,000
    24,898.79       14.99        225,000       163,160        2,693
 96/06/21       16/08/08          240       236        97.67
 Y       SFR          T          3

 
 501802904         2536730        1436 EAST CHESTNUT AVE
 ORANGE                                  CA         92667           25,000
    24,638.62       11.99        210,000       162,402        2,564
 96/05/14       11/05/20          180       173        89.24
 Y       SFR          T          2
 502985448         2536731        27 VIA CASETA
 RANCHO SANTA MARGARITA                  CA         92688           11,500
    11,454.66       13.99        206,072       163,272        3,060
 96/08/07       16/08/21          240       236        95.00
 Y       SFR          T          3
 497728885         2536732        13836 GRABER AVENUE
 SYLMAR                                  CA         91342           25,000
    24,908.23       14.50        200,000       159,764        3,239
 96/05/29       16/07/11          240       235        92.38
 Y       SFR          T          2
 500507332         2536733        4184 NEWCASTLE ROAD
 LAS VEGAS                               NV         89103           25,000
    24,727.93       11.99        114,000        85,761        2,532
 96/09/20       11/10/01          180       178        97.16
 Y       SFR          T          2
 501666323         2536734        3812 COBBLE COURT
 PALMDALE                                CA         93551           15,000
    14,818.36       11.99        117,000       113,855        1,401
 96/06/24       11/07/23          180       175       110.13
 Y       SFR          T          2
 488364958         2536735        5388 IMPERIAL AVENUE U
 SAN DIEGO                               CA         92114           25,000
    24,702.73       13.99        235,000       186,151        1,192
 96/05/14       11/06/04          180       174        89.85
 Y       SFR          T          2
 493563648         2536737        37510 ARBOR LN
 PALMDALE                                CA         93552           25,000
    24,691.41       11.99        140,000       109,780        1,117
 96/04/20       11/05/17          180       173        96.27
 Y       SFR          T          2
 479464399         2536738        27520 HYSSOP LANE
 SAUGUS                                  CA         91350           25,000
    24,691.87       11.99        186,000       143,000        2,850
 96/05/25       11/06/01          180       174        90.32
 Y       SFR          T          2
 483465217         2536739        2219 PORTIA WAY
 HUGHSON                                 CA         95326           25,000
    24,670.79       12.99        135,000       130,572        1,940
 96/04/09       11/05/10          180       173       115.24
 Y       SFR          T          2
 484826578         2536740        11272 GARDENAIRE LANE
 GARDEN GROVE                            CA         92641           25,000
    24,732.60       13.50        165,000       121,428        1,057
 96/05/07       11/06/10          180       174        88.74
 Y       SFR          T          2
 472781504         2536741        31965 CINNABAR LANE
 CASTAIC                                 CA         91384           25,000
    24,719.35       12.99        170,000       130,641        2,255
 96/05/28       11/06/14          180       174        91.55
 Y       SFR          T          2
 473629801         2536742        820 ORANGE AVENUE
 SUGARLOAF                               CA         92386           25,000
    24,889.41       10.99        150,000       108,262        1,690
 96/09/17       11/10/01          180       178        88.84
 Y       SFR          T          2
 477488577         2536743        2041 EMERALD LANE
 EAGAN                                   MN         55122           15,000
    14,888.96       12.99        107,900       107,769        1,414
 96/06/24       11/08/09          180       176       113.78
 Y       SFR          T          2
 465848843         2536744        2901 PONY DRIVE
 ONTARIO                                 CA         91761           25,000
    24,776.79       10.99        179,000       167,699        1,976
 96/07/12       11/08/01          180       176       107.65
 Y       SFR          T          2

 
 466661358         2536745        207 ZION DRIVE
 LAS VEGAS                               NV         89107           25,000
    24,833.36       10.99        200,000        82,171        1,829
 96/09/04       11/09/25          180       177        53.59
 Y       SFR          T          2
 470964195         2536746        15594 CASTELLION ROAD
 FONTANA                                 CA         92337           25,000
    24,833.36       10.99        145,000       137,126        1,850
 96/09/18       11/10/03          180       178       111.82
 Y       SFR          T          2
 463750110         2536747        8580-5 NEW SALEM STREE
 SAN DIEGO                               CA         92126           25,000
    24,833.39       10.99        184,000       170,740        2,918
 96/07/18       11/09/03          180       177       106.38
 Y       COND         T          2
 465641349         2536749        8258 NIESSEN WAY
 FAIR OAKS                               CA         95628           25,000
    24,889.41       10.99        220,000       170,084        2,570
 96/09/17       11/10/02          180       178        88.67
 Y       SFR          T          2
 452432612         2536750        1908 WILLOUGHBY AVENUE
 LAS VEGAS                               NV         89101           25,000
    25,000.00       13.99         80,000        57,731        1,056
 96/10/16       11/11/05          180       180       103.41
 Y       SFR          T          2
 456342772         2536751        20212 CAMPAIGN DRIVE
 CARSON                                  CA         90746           17,000
    16,885.62       13.99        220,000       193,649        2,148
 96/07/02       11/08/02          180       176        95.75
 Y       SFR          T          2
 459676628         2536752        15732 BLACKHAWK STREET
 GRANADA HILLS                           CA         91344           25,000
    24,852.72       10.99        171,000       153,443        1,825
 96/06/05       16/07/23          240       235       104.35
 Y       SFR          T          2
 444280910         2536753        44010 32ND STREET WEST
 LANCASTER                               CA         93536           15,000
    14,836.73       14.99         96,500        99,267        2,081
 96/05/10       11/05/21          180       173       118.41
 Y       SFR          T          2
 446380412         2536754        45906 MICHELL LANE
 INDIO                                   CA         92201           25,000
    24,788.58       13.99        146,250       115,831        2,573
 96/06/22       11/07/15          180       175        96.29
 Y       SFR          T          2
 441726908         2536756        2612 ALTURAS DRIVE
 BAKERSFIELD                             CA         93305           25,000
    24,955.58       12.99        130,000        78,700        2,396
 96/10/11       16/10/28          240       238        79.77
 Y       SFR          T          2
 443381793         2536757        414 EAST MAUNA LOA AVE
 GLENDORA                                CA         91740           25,000
    24,430.76       10.99        162,000       143,488        2,609
 96/07/23       11/08/07          180       176       104.00
 Y       SFR          T          2
 443686343         2536758        505 W DELAWARE STREET
 VINITA                                  OK         74301           24,400
    24,180.90       16.95         58,500        24,525        1,451
 96/05/07       11/05/11          180       173        83.63
 Y       SFR          T          2
 4398276741        2536760        7902 CABLE CANYON ROAD
 SAN BERNARDINO                          CA         92407           25,000
    24,958.69       13.99        175,000       149,422        3,285
 96/10/22       11/11/01          180       179        99.67
 Y       SFR          T          2
 439862553         2536761        5106 CONGRESS AVENUE
 OAKLAND                                 CA         94601           15,000
    14,820.33       13.99        105,000        98,991        1,361
 95/04/02       11/05/16          180       173       108.56
 Y       SFR          T          2

 
 437023408         2536762        19304 GALWAY AVENUE
 CARSON                                  CA         90746           15,000
    14,924.51       13.99        165,000       158,000        2,436
 96/07/31       11/08/28          180       176       104.85
 Y       SFR          T          2
 437883155         2536763        19613 VISION DRIVE
 TOPANGA                                 CA         90290           25,000
    24,910.18       12.99        250,000       237,500        3,991
 96/08/01       16/08/16          240       236       105.00
 Y       SFR          T          2
 439049662         2536764        3319 ADRIATIC AVENUE
 LONG BEACH                              CA         90810           25,000
    24,955.91       15.99        111,000       103,006        1,717
 96/07/31       16/09/01          240       237       115.32
 Y       SFR          T          2
 431069203         2536765        1748 WEST 41ST DRIVE
 LOS ANGELES                             CA         90062           15,000
    14,899.08       13.99        128,400       135,129        1,467
 96/07/05       11/07/15          180       175       116.92
 Y       SFR          T          2
 434177701         2536766        5547 PENDLETON CIRCLE
 LAS VEGAS                               NV         89122           20,000
    19,774.30       10.99        125,000        89,762        2,576
 96/06/06       11/07/01          180       175       101.47
 Y       SFR          T          3
 436310175         2536767        14 LIGHTHOUSE POINT
 ALISO VIEJO                             CA         92656           15,000
    14,918.29       12.99        132,000       125,048        1,667
 96/04/23       16/05/24          240       233       106.10
 Y       COND         T          2
 423420480         2536768        7410 SOUTH HOBART BLVD
 LOS ANGELES                             CA         90047           25,000
    24,831.85       13.99        135,000       110,476        1,333
 96/08/02       11/08/15          180       176       100.35
 Y       SFR          T          2
 424809479         2536769        3658 MISSION MESA WAY
 SAN DIEGO                               CA         92120           25,000
    24,901.53       13.99        170,000       161,500        2,908
 96/07/18       16/07/15          240       235       109.71
 Y       SFR          T          2
 430042392         2536770        819 LA BREA DRIVE
 INGLEWOOD                               CA         90301           25,000
    24,662.09       10.99        141,000       139,189        1,591
 96/06/17       11/06/24          180       174       123.04
 Y       SFR          T          3
 415021026         2536771        2787 MOOSE CREEK LANE
 ONTARIO                                 CA         91761           25,000
    24,670.17       12.99        136,000       123,552        1,626
 96/05/16       11/06/04          180       174       109.23
 Y       SFR          T          2
 416806071         2536772        921 CRESCENT DRIVE
 BARSTOW                                 CA         92311           10,000
     9,923.19       14.99         69,000        67,000        1,300
 96/05/16       11/06/10          180       174       111.59
 Y       SFR          T          2
 410065475         2536774        10557 CAMPUS WAY SOUTH
 UPPER MARLBORO                          MD         20772           15,000
    14,118.11       14.50        130,500       130,415        2,343
 96/06/14       01/06/24           60        54       111.43
 Y       SFR          T          2
 4138612562        2536776        2746 21ST ST.
 SAN PABLO                               CA         94806           12,000
    11,888.30       12.99        135,000       117,000        1,378
 96/04/04       11/06/06          180       174        95.56
 Y       SFR          T          2
 403620317         2536777        254 FOXBURY AVENUE
 POMONA                                  CA         91767           18,000
    17,847.74       13.99        140,000       120,360        1,903
 96/06/14       11/06/28          180       174        98.83
 Y       SFR          T          2

 
 409110366         2536779        3471 VINELAND AVENUE
 BALDWIN PARK                            CA         91706           25,000
    24,788.58       13.99        166,000       111,162        1,156
 96/06/17       11/07/03          180       175        82.03
 Y       SFR          T          2
 397388798         2536780        401 NORTH ROXANNE STRE
 ANAHEIM                                 CA         92807           25,000
    24,863.79       12.99        175,000       154,110        2,114
 96/05/28       16/06/21          240       234       102.35
 Y       SFR          T          2
 397749308         2536781        930 NORTH SWEETZER AVE
 WEST HOLLYWOOD                          CA         90069           25,000
    24,603.95       10.99        225,000       201,788        2,730
 96/04/18       11/05/10          180       173       100.79
 Y       SFR          T          2
 399400518         2536782        33796 ARTHUR ROAD
 WINCHESTER                              CA         92596           20,000
    19,775.77       10.99        149,559       158,622        2,507
 96/05/31       11/06/25          180       174       119.43
 Y       SFR          T          2
 385841751         2536783        722 TWIN PEAKS STREET
 SIMI VALLEY                             CA         93065           25,000
    24,921.68       13.99        260,000       236,607        4,157
 96/07/10       16/09/01          240       237       100.62
 Y       SFR          T          2
 394248019         2536785        6519 EAST CAMINO VISTA
 ANAHEIM HILLS                           CA         92807           25,000
    24,833.36       10.99        195,000       170,412        2,357
 96/09/06       11/09/18          180       177       100.21
 Y       COND         T          2
 383583484         2536786        462 WOODBURY ROAD
 GLENDALE                                CA         91206           25,000
    25,000.00       12.99        203,000       192,692        3,490
 96/11/15       16/12/22          240       240       107.24
 Y       SFR          T          2
 383803886         2536787        6602 KINGS CROWN ROAD
 ORANGE                                  CA         92669           20,000
    19,065.99       10.99        393,000       337,640        3,509
 96/08/08       06/08/26          120       116        91.00
 Y       SFR          T          2
 384323115         2536788        26183 JANNEY DRIVE
 SUN CITY                                CA         92586           20,000
    19,548.24       11.99        145,000       125,276        1,343
 96/05/15       11/05/21          180       173       100.19
 Y       SFR          T          2
 375666449         2536789        41849 DEEPWOOD CIRCLE
 TEMECULA                                CA         92591           25,000
    24,767.39       12.99        162,500       162,500        2,919
 96/07/05       11/07/16          180       175       115.38
 Y       SFR          T          2
 383468309         2536790        37821 WISTERIA TRAIL
 PALMDALE                                CA         93552           25,000
    24,638.62       11.99        135,600       122,818        2,572
 96/04/18       11/05/13          180       173       109.01
 Y       SFR          T          2
 364828612         2536791        2712 SCOTT ROAD
 BURBANK                                 CA         91504           25,000
    24,954.48       12.99        208,000       202,354        2,902
 96/10/22       11/11/15          180       179       109.30
 Y       SFR          T          2
 364867789         2536792        7112 ENCINO AVENUE
 VAN NUYS                                CA         91406           25,000
    24,944.96       10.99        133,000       132,180        2,246
 96/10/30       11/11/20          180       179       118.18
 Y       SFR          T          2
 366746200         2536793        2911 ACRESITE STREET
 LOS ANGELES                             CA         90039           25,000
    24,908.46       12.99        150,000       142,000        2,356
 96/09/26       11/10/08          180       178       111.33
 Y       SFR          T          2

 
 355322187         2536794        10440 GREENBUSH AVENUE
 WHITTIER                                CA         90604           25,000
    24,844.30       11.99        182,000       157,000        2,168
 96/05/13       16/05/24          240       233       100.00
 Y       SFR          T          2
 357267558         2536795        3423 EAST GARDEN DRIVE
 LAS VEGAS                               NV         89121           10,000
     9,876.70       11.99         75,000        71,790        1,040
 96/06/04       11/06/28          180       174       109.05
 Y       SFR          T          2
 3574849281        2536796        11781 RICKY AVENUE
 GARDEN GROVE                            CA         92640            8,500
     8,388.07       12.99        170,000       149,070        2,488
 96/05/17       11/05/24          180       173       101.81
 Y       SFR          T          3
 332260767         2536797        23 CHATHAM COURT
 NEWPORT BEACH                           CA         92660           25,000
    24,719.70       10.99        860,000       677,803        6,144
 96/06/20       11/07/02          180       175        91.72
 Y       COND         T          3
 339461116         2536798        704 SOUTH OAK STREET
 INGLEWOOD                               CA         90301           25,000
    24,874.62       13.99        160,000       120,262        1,447
 96/09/03       11/09/11          180       177        90.79
 Y       SFR          T          2
 348561544         2536799        39697 CEDARWOOD DRIVE
 MURRIETA                                CA         92562           15,000
    14,750.99       11.99        145,000       128,781        2,059
 96/04/29       11/05/13          180       173        99.16
 Y       SFR          T          2
 330467552         2536800        8673 CARLIN AVENUE
 SACRAMENTO                              CA         95823           25,000
    24,685.22       11.99        165,000       154,950        2,148
 96/07/03       11/08/06          180       176       109.06
 Y       SFR          T          2
 331306802         2536801        2002 MAYWOOD CIRCLE
 CORONA                                  CA         91719           25,000
    24,937.42       13.49        160,000       140,000        3,585
 96/08/07       16/09/01          240       237       103.13
 Y       SFR          T          2
 331702658         2536802        9834 SEPULVEDA BOULEVA
 NORTH HILLS                             CA         91343           25,000
    24,883.78       10.99        136,000       101,129        2,952
 96/08/06       11/09/13          180       177        92.74
 Y       COND         T          2
 315826526         2536803        10206 SYCAMORE CANYON
 MORENO VALLEY                           CA         92557           15,000
    14,783.21       11.99        150,000       126,000        2,317
 96/04/25       11/05/09          180       173        94.00
 Y       SFR          T          2
 326129035         2536804        5365 SHAKE COURT #203
 LAS VEGAS                               NV         89122           15,000
    14,939.59       11.99         65,000        52,742        1,490
 96/09/20       11/10/16          180       178       104.22
 Y       SFR          T          2
 312726610         2536805        17343 PEPPER TREE STRE
 FOUNTAIN VALLEY                         CA         92708           25,000
    24,744.80       13.99        225,000       193,278        2,156
 96/06/11       11/06/18          180       174        97.01
 Y       SFR          T          2
 313829373         2536806        18908 ROCHELLE AVENUE
 CERRITOS                                CA         90703           25,000
    24,899.30       11.99        318,000       283,500        3,598
 96/10/18       11/11/08          180       179        97.01
 Y       SFR          T          2
 300746832         2536807        30327 NORTH SUNROSE PL
 CANYON COUNTRY                          CA         91351           18,000
    17,778.11       11.99        168,000       161,746        2,569
 96/05/03       11/05/28          180       173       106.99
 Y       SFR          T          2

 
 307660548         2536808        25451 FIR AVENUE
 MORENO VALLEY                           CA         92553           25,000
    24,966.33       14.99        105,000        98,230        1,642
 96/09/16       16/10/09          240       238       117.36
 Y       SFR          T          2
 296586895         2536809        2820 WEST CALLE CELEST
 RIALTO                                  CA         92377           22,000
    21,803.61       10.99        180,000       179,242        2,941
 96/07/11       11/08/06          180       176       111.80
 Y       SFR          T          2
 300349517         2536811        9611 BEACHSIDE DRIVE
 HUNTINGTON BEACH                        CA         92646           25,000
    24,941.60       13.99        320,000       249,154        3,268
 96/08/23       16/09/10          240       237        96.15
 Y       COND         T          3
 295467488         2536813        1607 SCUFFLETOWN ROAD
 FOUNTAIN INN                            SC         29644           10,000
     9,898.44       13.50        135,000       116,000        2,005
 96/07/10       11/07/10          180       175        93.33
 Y       SFR          T          2
 2956058431        2536814        2330 EAST GLENOAKS BOU
 GLENDALE                                CA         91206           25,000
    24,844.30       11.99        199,427       134,670        1,987
 96/05/17       16/06/01          240       234        80.06
 Y       SFR          T          2
 278500821         2536815        3121 WEST 84TH STREET
 INGLEWOOD                               CA         90305           25,000
    24,788.58       13.99        180,000       154,850        2,831
 96/06/20       11/07/12          180       175        99.92
 Y       SFR          T          2
 279709546         2536816        1530 LATIGO DRIVE
 HENDERSON                               NV         89015           25,000
    24,633.42       10.99        126,000       128,149        1,913
 96/06/05       11/06/28          180       174       121.55
 Y       SFR          T          2
 288566456         2536817        141 STANDISH STREET
 MONROVIA                                CA         91016           25,000
    24,928.30       12.49        162,500       158,743        1,571
 96/09/24       16/10/04          240       238       113.07
 Y       SFR          T          2
 267179287         2536818        3130 ROXANNE AVENUE
 LONG BEACH                              CA         90808           25,000
    24,809.17       13.99        193,000       183,350        3,107
 96/05/15       16/05/23          240       233       107.95
 Y       SFR          T          2
 276420274         2536819        8256 ADAMS AVENUE
 LEMON GROVE                             CA         91945           25,000
    24,870.78       13.99        127,000       116,500        2,059
 96/06/24       16/07/12          240       235       111.42
 Y       SFR          T          2
 263692399         2536821        1825 PALMER STREET
 NORTH LAS VEGAS                         NV         89030           15,000
    14,899.08       13.99         70,000        70,350        1,226
 96/07/22       11/08/15          180       176       121.93
 Y       SFR          T          2
 264475274         2536822        3712 ORANGE AVENUE
 LONG BEACH                              CA         90807           10,000
     9,891.11       14.99        200,000       141,116        1,488
 96/04/15       11/05/01          180       173        75.56
 Y       SFR          T          2
 266522778         2536823        1413 SOUTH PEARL AVENU
 COMPTON                                 CA         90221           25,000
    24,659.06       10.99        140,000        95,686        2,785
 96/04/18       11/06/01          180       174        86.20
 Y       SFR          T          2
 255723121         2536824        2332 NORTH TEAKWOOD AV
 RIALTO                                  CA         92377           25,000
    25,000.00       10.99        123,229        99,502        3,382
 96/11/12       11/11/25          180       180       120.33
 Y       SFR          T          3

 
 260299205         2536825        960 LARRABEE STREET #1
 LOS ANGELES                             CA         90069           25,000
    23,577.79       11.99        105,000        67,000        1,209
 96/05/28       11/06/05          180       174        87.62
 Y       COND         T          2
 261555411         2536826        8561 MEADOW BROOK AVEN
 GARDE GROVE                             CA         92644           25,000
    24,874.62       13.99        100,000        84,831          576
 96/08/26       11/09/11          180       177       109.83
 Y       SFR          T          2
 251085038         2536827        116 RAINTREE DRIVE
 IRMO                                    SC         29063           13,000
    12,400.14       12.50         80,000        49,900        1,159
 96/06/27       11/05/27          180       173        78.63
 Y       SFR          T          2
 251684745         2536828        106 KINGS HILL DRIVE
 ANDERSON                                SC         29625           25,000
    24,843.75       13.99         95,000        83,991        1,295
 96/05/27       16/05/27          240       233       114.73
 Y       SFR          T          2
 252765507         2536829        2419 FISK LANE #A
 REDONDO BEACH                           CA         90278           25,000
    24,776.79       10.99        225,000       200,473        2,455
 96/05/22       11/08/01          180       176       100.21
 Y       COND         T          2
 250250505         2536830        1308 OAK DRIVE
 SANDY SPRINGS                           SC         29677           10,000
     9,808.03       12.95         57,000        49,288        3,162
 96/02/05       11/02/05          180       170       104.01
 Y       SFR          T          2
 248921594         2536833        6 NICKLAUS DRIVE
 GREENVILLE                              SC         29605           15,000
    14,899.12       13.99        110,000        88,286        1,464
 96/07/24       11/07/24          180       175        93.90
 Y       SFR          T          2
 249040437         2536834        20248 SILKTASSEL ROAD
 RIVERSIDE                               CA         92508           25,000
    24,910.18       12.99        185,500       177,000        2,237
 96/06/25       16/07/12          240       235       108.89
 Y       SFR          T          2
 248304879         2536837        301 PALM STREET
 BARSTOW                                 CA         92311           10,000
    10,000.00       11.99         75,000        76,448        2,073
 96/10/07       16/11/15          240       240       115.26
 Y       SFR          T          2
 244112885         2536840        107 DOUBLE BRANCH COUR
 WEST COLUMBIA                           SC         29169           25,000
    24,872.94       13.50         99,900        92,057        1,261
 96/06/25       16/06/25          240       234       117.17
 Y       SFR          T          2
 246131890         2536841        27749 EAST 21ST STREET
 HIGHLAND                                CA         92346           25,000
    24,744.45       11.99        170,000       139,218        1,736
 96/05/08       11/06/01          180       174        96.60
 Y       SFR          T          2
 241089855         2536842        7428 SHADY GLEN TERRAC
 CAPITOL HEIGHTS                         MD         20743           10,000
     9,988.32       15.99        110,000        97,660        1,592
 96/08/27       16/09/04          240       237        97.87
 Y       SFR          T          2
 241947931         2536843        6707 FORMOSA DRIVE
 COLUMBIA                                SC         29206           15,000
    14,839.54       13.50        110,000        93,838        1,329
 96/06/10       11/06/14          180       174        98.94
 Y       SFR          T          2
 243862908         2536844        2241 WINDSOR ROAD
 CAYCE                                   SC         29033           10,000
     9,893.06       13.50         58,000        48,900          791
 96/06/20       11/06/20          180       174       101.55
 Y       SFR          T          2

 
 239485637         2536846        2601 SHADY SIDE AVENUE
 SUIT LAND                               MD         20746           25,000
    24,869.94       14.50        135,000       128,666        1,954
 96/05/02       16/06/01          240       234       113.83
 Y       SFR          T          2
 239665519         2536847        2725 SOUTH NELLIS BOUL
 LAS VEGAS                               NV         89121           15,000
    14,846.70       11.99         75,000        65,087        1,476
 96/06/17       11/06/28          180       174       106.78
 Y       COND         T          2
 232748462         2536848        42410 CORONET COURT
 LANCASTER                               CA         93536           20,000
    19,782.28       14.99        141,000       141,782        1,923
 96/04/26       11/05/07          180       173       114.74
 Y       SFR          T          2
 234923273         2536849        1973 CHEYENNE WAY
 STOCKTON                                CA         95209           25,000
    24,863.79       12.99        109,000       102,164        1,917
 96/05/20       16/06/17          240       234       116.66
 Y       SFR          T          2
 236365381         2536850        172  OXFORD LANE
 LA HABRA                                CA         90631           25,000
    24,882.28       12.99        159,650       159,531        2,118
 96/07/24       16/08/09          240       236       115.58
 Y       SFR          T          2
 227887217         2536852        6331 EMMAUS CHURCH ROA
 PROVIDENCE FORGE                        VA         23140           25,000
    24,937.42       13.49         65,000        48,750        1,168
 96/08/16       16/08/21          240       236       113.46
 Y       SFR          T          2
 230564355         2536853        14714 TEMECULA ROAD
 APPLE VALLEY                            CA         92307           25,000
    24,638.62       11.99         95,000        83,921        1,706
 96/04/26       11/05/15          180       173       114.65
 Y       SFR          T          2
 224232319         2536854        35458 RATTO PLACE
 FREMONT                                 CA         94536           10,000
     9,732.37       11.99        219,950       208,340        2,336
 96/04/30       06/05/15          120       113        99.27
 Y       SFR          T          2
 2268029671        2536855        44946 11TH STREET EAST
 LANCASTER                               CA         93535           25,000
    24,910.18       12.99        100,000        99,357        1,863
 96/08/02       16/08/15          240       236       124.36
 Y       SFR          T          2
 226841863         2536856        2004 JOHN STREET
 MANHATTAN BEACH                         CA         90266           25,000
    24,831.85       13.99        680,000       543,606        7,421
 96/08/15       11/09/06          180       177        93.62
 Y       SFR          T          3
 213961460         2536857        1656 APPALOOSA WAY
 OCEANSIDE                               CA         92057           16,000
    15,927.76       12.99        114,000       103,256        1,480
 96/06/24       16/07/18          240       235       104.61
 Y       SFR          T          2
 217606355         2536858        4679 WINTERBERRY LANE
 OXONHILL                                MD         20745           25,000
    24,927.03       14.50        135,000       110,836        2,062
 96/07/11       16/07/24          240       235       108.08
 Y       SFR          T          3
 220820332         2536859        8127 NATICK AVENUE
 PANORAMA CITY                           CA         91402           25,000
    24,899.30       11.99        148,000       134,464        1,973
 96/09/26       11/10/08          180       178       107.75
 Y       SFR          T          2
 201565516         2536860        44663 CORTE VERANOS
 TEMECULA                                CA         92592           13,500
    13,470.28       10.99        200,000       127,318        1,537
 96/09/09       11/10/25          180       178        70.41
 Y       SFR          T          2

 
 2036481281        2536861        465 LIMERICK ROAD
 PINOLE                                  CA         94564           22,000
    21,900.67       12.99        235,000       135,655        2,084
 96/04/01       16/06/11          240       234        88.36
 Y       SFR          T          3
 212669739         2536862        4303 LORI STREET
 CAMP SPRINGS                            MD         20746           25,000
    24,898.23       14.50        130,000       121,514        1,688
 96/06/14       16/06/25          240       234       112.70
 Y       SFR          T          2
 190003656         2536863        1545 CALIFORNIA AVE.
 LA PUENTE                               CA         91744           15,000
    14,913.37       12.99        115,900       115,900        1,582
 96/06/26       16/06/26          240       234       112.94
 Y       SFR          T          2
 195145172         2536864        47229 NORTH DIVISION S
 LANCASTER                               CA         93535           25,000
    24,923.31       11.99         75,000        33,450          745
 96/08/28       16/09/05          240       237        77.93
 Y       SFR          T          2
 190003654         2536865        14746 SANDROCK DRIVE
 PALMDALE                                CA         93532           25,000
    24,878.49       14.99        112,000        89,600        1,010
 96/06/26       16/06/26          240       234       102.32
 Y       SFR          T          2
 190003655         2536866        11354 RIVERA RD
 WHITTIER AREA                           CA         90606           25,000
    24,853.24       12.99        160,000       129,609        1,911
 96/06/26       16/06/26          240       234        96.63
 Y       SFR          T          2
 190003650         2536867        1215 E. COLLINS ST
 ORANGE                                  CA         92667           10,000
     9,907.25       14.99        153,000       144,114        1,651
 96/06/25       11/06/25          180       174       100.73
 Y       SFR          T          2
 190003652         2536869        3435 PINE BROOK CIRCLE
 COSTA MESA                              CA         92626           25,000
    24,844.30       11.99        156,000       139,689        1,747
 96/06/25       16/06/25          240       234       105.57
 Y       SFR          T          2
 190003647         2536870        821 E. MADRONA ST
 RIALTO                                  CA         92376           25,000
    24,910.03       15.99        119,000       112,633        1,580
 96/06/24       16/06/24          240       234       115.66
 Y       SFR          T          2
 190003648         2536871        9310 HASKELL AVE.
 NORTH HILL                              CA         91343           25,000
    24,863.79       12.99        169,000       159,950        3,122
 96/06/24       16/06/24          240       234       109.44
 Y       SFR          T          2
 190003649         2536872        5307 SAILBOAT CIRCLE
 AGOURA HILLS                            CA         91301           16,000
    15,945.13       14.99        165,000       158,793        2,919
 96/06/25       16/06/25          240       234       105.94
 Y       SFR          T          2
 190003641         2536873        15010 ALDA PLACE
 NORTH HILLS                             CA         91343           25,000
    24,910.03       15.99        200,000       190,618        2,551
 96/06/21       16/06/21          240       234       107.81
 Y       COND         T          2
 190003642         2536874        2294 PARK VIEW LANE
 CHINO                                   CA         91710           20,000
    19,891.01       12.99        225,000       175,542        2,783
 96/06/24       16/06/24          240       234        86.91
 Y       SFR          T          2
 190003646         2536875        8138 REDWOOD AVE.
 FONTANA                                 CA         92335           25,000
    24,870.90       11.99        126,000       125,650        2,177
 96/06/24       16/06/24          240       234       119.56
 Y       SFR          T          2

 
 190003637         2536876        25919 PALOMITA DR.
 VALENCIA                                CA         91355           15,000
    14,918.29       12.99        165,000       117,500        2,196
 96/06/20       16/06/20          240       234        80.30
 Y       SFR          T          2
 190003640         2536878        20234 CANTARA ST. #217
 WINNETKA                                CA         91306            9,600
     9,370.94       13.99         35,000        19,136          907
 96/06/21       06/06/21          120       114        82.10
 Y       COND         T          2
 190003632         2536879        421 N. ETHEL AVE.
 ALHAMBRA                                CA         91801           14,000
    13,882.73       14.99        160,000       138,623        1,602
 96/06/19       11/06/19          180       174       111.01
 Y       SFR          T          3
 190003634         2536880        3828 DALEVIEW AVE
 EL MONTE                                CA         91731           25,000
    24,204.30       14.99        125,000       118,750        1,902
 96/06/20       16/06/20          240       234       115.00
 Y       SFR          T          2
 190003636         2536881        672 LE HIGH
 CLAREMONT                               CA         91711           15,000
    14,835.50       14.99        136,000       134,407        2,386
 96/06/20       11/06/20          180       174       109.86
 Y       SFR          T          2
 190003624         2536882        3010 MONTROSE AVE. #8
 GLENDALE                                CA         91214           25,000
    24,638.70       11.99         99,000        71,155        1,595
 96/06/17       11/06/17          180       174        97.13
 Y       SFR          T          2
 190003629         2536883        774 W. HARRIET ST
 PASADENA                                CA         91101           25,000
    24,863.79       12.99        195,000       145,578        2,617
 96/06/18       16/06/18          240       234        87.48
 Y       SFR          T          2
 190003631         2536884        21808 STONE PINE ST. #
 DIAMOND BAR                             CA         91765           25,000
    24,914.29       14.99        105,955       100,650        1,973
 96/06/19       16/06/19          240       234       118.59
 Y       COND         T          2
 190003615         2536885        11651-53-61 HALLWOOD D
 EL MONTE                                CA         91732           20,000
    19,917.14       14.99        327,500       262,000        4,955
 96/06/11       16/06/11          240       234        86.11
 Y       SFR          T          2
 190003617         2536886        4709 WEBB CANYON RD.
 CLAREMONT                               CA         91711           25,000
    24,844.30       11.99        210,000       188,825          975
 96/06/13       16/06/13          240       234       101.82
 Y       SFR          T          2
 190003623         2536887        2837 W. VIA LINDO DR.
 RIALTO                                  CA         92376           25,000
    24,887.11       12.99        149,500       142,025        1,798
 96/06/14       16/06/14          240       234       111.72
 Y       SFR          T          2
 190003611         2536888        2325 CARLYLE PLACE
 LOS ANGELES                             CA         90065           25,000
    24,896.47       14.99        135,000       107,813          962
 96/06/10       16/06/10          240       234        98.38
 Y       SFR          T          2
 190003613         2536889        25873 RAMILLO WAY
 VALENCIA                                CA         91355           10,000
     9,887.73       12.99        182,162       169,990        3,386
 96/06/10       11/06/10          180       174        98.81
 Y       SFR          T          2
 190003614         2536890        3601 VISTA PACIFICA #4
 MALIBU                                  CA         90265           25,000
    24,818.08       13.99        350,000       269,416        4,708
 96/06/10       16/06/10          240       234        92.69
 Y       COND         T          3

 
 190003605         2536891        1622 N. EL DORADO AVE.
 ONTARIO                                 CA         91764           20,000
    19,909.72       12.99        104,500       104,330        1,483
 96/06/07       16/06/07          240       234       118.98
 Y       SFR          T          2
 190003607         2536892        854 NOWITA PLACE
 VENICE                                  CA         90291           25,000
    24,822.45       10.99        365,000       305,650        3,339
 96/06/07       16/06/07          240       234        90.59
 Y       SFR          T          2
 190003609         2536893        1516 DEL VISTA
 MODESTO                                 CA         95350           25,000
    24,881.14       13.99        105,000       100,040        2,061
 96/06/10       16/06/10          240       234       119.09
 Y       SFR          T          2
 190003599         2536894        1910 ROYAL OAKS DR.
 DUARTE                                  CA         91010           13,000
    12,854.06       12.99        125,000       122,188        1,873
 96/05/21       11/06/05          180       174       108.15
 Y       SFR          T          2
 190003600         2536895        8534 TUNNEY AVE.
 NORTHRIDGE                              CA         91324           25,000
    24,496.67       12.99        187,000       180,157        1,954
 96/05/29       11/06/06          180       174       109.71
 Y       SFR          T          2
 190003604         2536896        14468 SAYAN PLACE
 MORENO VALLEY                           CA         92553           10,000
     9,892.35       13.99         85,000        64,000          779
 96/06/07       11/06/07          180       174        87.06
 Y       SFR          T          2
 190003593         2536897        16015 JALON RD.
 LA MIRADA                               CA         90638           25,000
    24,896.50       14.99        140,000       133,000        1,687
 96/05/31       16/05/30          240       233       112.86
 Y       SFR          T          2
 190003596         2536898        1720 SURREY LANE
 POMONA                                  CA         91768           25,000
    24,670.24       13.99        186,458       146,000        2,318
 96/05/24       11/06/05          180       174        91.71
 Y       SFR          T          2
 190003597         2536899        13190 AURORA AVE.
 VICTORVILLE                             CA         92392           25,000
    24,852.72       10.99        119,300       118,475        1,136
 96/05/31       16/06/05          240       234       120.26
 Y       SFR          T          2
 190003584         2536900        23301 VICTORY BLVD.
 CANOGA PARK                             CA         91307           25,000
    24,875.41       13.99        140,000       125,230        1,994
 96/05/29       16/05/28          240       233       107.31
 Y       SFR          T          2
 190003585         2536901        420 SOUTH HIDALGO AVEN
 ALHAMBRA                                CA         91801           25,000
    24,896.50       14.99        268,000       231,542        2,659
 96/05/30       16/05/29          240       233        95.72
 Y       SFR          T          2
 190003575         2536903        736 N. LINCOLN AVE
 MONTEBELLO                              CA         90640           25,000
    24,878.42       14.99        185,000       175,750        2,457
 96/05/16       16/05/23          240       233       108.51
 Y       SFR          T          2
 190003577         2536904        3784 CLIMBING FERN WAY
 LAS VEGAS                               CA         89115           20,000
    19,872.15       12.99         94,400        92,337          951
 96/05/28       16/05/27          240       233       119.00
 Y       SFR          T          2
 190003578         2536905        2720 BIRCH ST.
 ALHAMBRA                                CA         91801           25,000
    24,896.50       14.99        152,000       136,200        2,019
 96/05/28       16/05/27          240       233       106.05
 Y       SFR          T          2

 
 190003571         2536906        4399 YORK BLVD. #103
 LOS ANGELES                             CA         90041           15,000
    14,621.24       13.99        150,000       143,481          978
 96/05/23       11/05/22          180       173       105.65
 Y       SFR          T          2
 190003563         2536908        20711 WARREN RD.
 PERRIS                                  CA         92570           25,000
    24,817.44       11.99        115,000        95,133        2,003
 96/03/30       16/05/20          240       233       104.46
 Y       SFR          T          2
 190003565         2536909        22636 MONETA AVENUE
 CARSON                                  CA         90745           25,000
    24,817.44       11.99        175,000       161,705        3,086
 96/04/29       16/05/20          240       233       106.69
 Y       SFR          T          2
 190003570         2536910        240 S. CRAIG AVE.
 PASADENA                                CA         91107           25,000
    24,896.50       14.99        203,000       192,700        3,279
 96/05/23       16/05/22          240       233       107.24
 Y       SFR          T          2
 190003553         2536911        2044 ABRAZO ST.
 WEST COVINA                             CA         91791           20,000
    19,853.09       12.99        111,474       105,686        1,524
 96/04/30       16/05/15          240       233       112.75
 Y       COND         T          2
 190003557         2536912        8161 W. GILLMORE AVE
 LAS VEGAS                               NV         89129           18,750
    18,645.34       13.99        145,000       142,000        1,420
 96/04/26       16/05/16          240       233       110.86
 Y       SFR          T          2
 190003559         2536913        3137 SHARON LANE
 COSTA MESA                              CA         92626           25,000
    24,753.18       15.99        192,000       161,950        2,806
 96/05/10       11/05/19          180       173        97.37
 Y       SFR          T          2
 190003545         2536914        6996 JUNIPER AVE.
 FONTANA                                 CA         92336           25,000
    24,840.22       12.99        165,000       144,075        1,744
 96/05/03       16/05/14          240       233       102.47
 Y       SFR          T          2
 190003547         2536915        1259-1261 E. 28TH ST.
 LOS ANGELES                             CA         90011           25,000
    24,829.56       12.99        209,502       198,569        2,480
 96/04/29       16/05/14          240       233       106.71
 Y       SFR          T          2
 190003552         2536916        1893 N. EBONYWOOD ST.
 ORANGE                                  CA         92665           25,000
    24,506.79       14.99        315,000       227,236        2,573
 96/05/06       16/05/15          240       233        80.07
 Y       SFR          T          2
 190003539         2536917        1016 MILTONWOOD AVE.
 DUARTE                                  CA         91010           25,000
    24,878.49       14.99        149,000       144,500        2,226
 96/05/03       16/05/09          240       233       113.76
 Y       SFR          T          2
 190003540         2536918        15174  VIA MARAVILLA
 CHINO HILLS                             CA         91709           25,000
    24,817.44       11.99        347,334       328,500        2,327
 96/05/02       16/05/12          240       233       101.78
 Y       SFR          T          2
 190003542         2536919        15347-51 BELLFLOWER BL
 BELLFLOWER                              CA         90706           18,000
    17,912.50       14.99        235,000       208,039        2,945
 96/04/26       16/05/13          240       233        96.19
 Y       SFR          T          2
 190003530         2536920        11025 NORWOOD AVE.
 RIVERSIDE                               CA         92505           21,000
    20,846.68       11.99         84,500        84,090        1,203
 96/04/23       16/05/06          240       233       124.37
 Y       SFR          T          2

 
 190003531         2536921        20640 BRANA RD.
 RIVERSIDE                               CA         92508           25,000
    24,817.44       11.99        140,000       120,152        2,167
 96/04/23       16/05/06          240       233       103.68
 Y       SFR          T          2
 190003534         2536922        8922 INDIAN EAGLE DR.
 LAS VEGAS                               NV         89129           25,000
    24,419.30       13.99        150,000        90,981        2,049
 96/04/18       16/05/06          240       233        99.53
 Y       SFR          T          3
 190003522         2536923        1961 COLLEGEVIEW DR.
 MONTERY PARK                            CA         91754           25,000
    24,878.49       14.99        196,000       189,619        3,635
 96/04/26       16/05/01          240       233       109.50
 Y       SFR          T          2
 190003526         2536924        3176 SILVER SADDLE ST.
 LAS VEGAS                               NV         89109           11,000
    10,898.02       14.99        125,000        94,000        1,278
 96/04/19       11/05/02          180       173        84.00
 Y       SFR          T          2
 190003519         2536926        13416 PALM AVE
 BALDWIN PARK                            CA         91706           25,000
     3,463.93       12.99        145,000       115,480        1,273
 96/04/27       16/05/01          240       233        96.88
 Y       SFR          T          2
 190003520         2536927        3577 FEATHER AVE.
 BALDWIN PARK                            CA         91706           25,000
    23,987.69       12.99        150,000       127,327        1,682
 96/04/27       16/05/01          240       233       101.55
 Y       SFR          T          2
 190003521         2536928        137 WEST 60TH ST.
 LOS ANGELES                             CA         90003           25,000
    24,860.51       13.99        120,148       105,559        1,399
 96/03/13       16/05/01          240       233       115.44
 Y       SFR          T          3
 190003515         2536929        2305 E. STOCKWELL ST.
 COMPTON                                 CA         90222           10,000
     9,719.97       13.99        105,000       104,600        1,098
 96/04/30       06/04/30          120       112       109.14
 Y       SFR          T          2
 190003517         2536930        2044 BARRETT RD.
 LOS ANGELES                             CA         90032           17,500
    17,306.65       14.99        259,000       139,000        3,143
 96/04/22       11/04/22          180       172        76.64
 Y       SFR          T          3
 190003518         2536931        10667 ILEX AVE.
 PACOIMA                                 CA         91331           25,000
    24,320.11       14.99        140,000       134,681        1,988
 96/04/30       16/04/30          240       232       114.06
 Y       SFR          T          2
 190003509         2536932        5306 5TH AVE.
 LOS ANGELES                             CA         90043           11,500
    11,435.67       14.99        112,000       111,908        1,104
 96/04/29       16/04/29          240       232       110.19
 Y       SFR          T          2
 190003510         2536933        8800 KESTER AVE. #133
 PANORAMA                                CA         91402           18,000
    17,912.50       14.99        162,915        82,035        1,146
 96/04/29       16/04/29          240       232        61.40
 Y       COND         T          2
 190003511         2536934        1625  HOOVER ST.
 NORTH LAS VEGAS                         NV         89030           13,000
    12,762.89       11.99         80,000        69,000          933
 96/04/29       11/04/29          180       172       102.50
 Y       SFR          T          2
 190003487         2536935        9337 ALEXANDER AVE.
 SOUTH GATE                              CA         90280           25,000
    24,840.22       12.99        155,000       140,245        1,514
 96/03/08       16/04/18          240       232       106.61
 Y       SFR          T          2

 
 190003498         2536936        13438 LONGBOW CT.
 VICTORVILLE                             CA         92392           25,000
    24,700.51       13.99        120,800       112,218        3,139
 96/04/12       11/04/24          180       172       113.59
 Y       SFR          T          2
 190003467         2536938        8106 LOUISE AVE.
 NORTHRIDGE                              CA         91325           20,000
    19,853.95       11.99        160,000       140,375        1,844
 96/03/15       16/04/11          240       232       100.23
 Y       SFR          T          2
 190003470         2536939        8171 BEVER PLACE
 STANTON                                 CA         90680           25,000
    24,797.36       13.99        245,000       221,583        2,097
 96/03/07       16/04/12          240       232       100.65
 Y       SFR          T          2
 190003478         2536940        102 W. HARRIET ST.
 ALTADENA                                CA         91001           25,000
    24,585.00       11.99        135,000        93,916        1,250
 96/04/09       11/04/16          180       172        88.09
 Y       SFR          T          2
 190003454         2536941        2434 BURT ST.
 UPLAND                                  CA         91786           25,000
    24,790.25       11.99        202,000       190,956        2,455
 96/03/06       16/04/05          240       232       106.91
 Y       SFR          T          2
 190003456         2536942        5838 TOPEKA DR.
 TARZANA                                 CA         91356           25,000
    24,621.70       12.99        160,000       145,949        1,936
 96/03/26       11/04/08          180       172       106.84
 Y       SFR          T          2
 190003465         2536943        4562 BELLBLUFF ST.
 LAS VEGAS                               NV         89121           15,000
    14,743.25       12.99        119,000       119,417        2,984
 96/03/25       11/04/10          180       172       112.96
 Y       SFR          T          2
 190003450         2536944        9350 SKYVIEW TERR.
 TUJUNGA                                 CA         91042           25,000
    24,729.96       10.99        205,000       180,000        1,944
 96/03/13       16/04/03          240       232       100.00
 Y       SFR          T          2
 190003452         2536945        20960 CHARTER OAK TERR
 YORBA LINDA                             CA         92686           25,000
    24,816.40       12.99        521,500       405,464        3,349
 96/03/22       16/04/04          240       232        82.54
 Y       SFR          T          2
 190003445         2536947        14180 LA MIRADA ST.
 VICTORVILLE                             CA         92392           10,000
     8,661.53       12.99        171,500        70,184        1,097
 96/03/25       11/04/02          180       172        46.75
 Y       SFR          T          2
 190003426         2536949        4518 COMMONWEALTH AVE
 LA CANADA FLINTRIDGE                    CA         91011           25,000
    24,790.31       11.99        215,000       171,737        1,509
 96/03/15       16/03/26          240       231        91.51
 Y       SFR          T          2
 190003430         2536950        30309 N. SUNROSE PL.
 CANYON COUNTRY                          CA         91351           25,000
    24,762.91       11.99        170,000       152,362        2,773
 96/03/28       16/03/27          240       231       104.33
 Y       SFR          T          2
 190003417         2536951        972 WESTCHESTER PLACE
 LOS ANGELES                             CA         90019           25,000
    24,894.46       16.99        270,000       242,435        2,390
 96/02/27       16/03/21          240       231        99.05
 Y       SFR          T          2
 190003420         2536952        1031 S RIMPAU BLVD
 LOS ANGELES                             CA         90019           25,000
    24,761.07       10.99        230,000       201,400        2,713
 96/03/18       16/03/24          240       231        98.43
 Y       SFR          T          2

 
 190003425         2536953        3627 PIMENTO ST.
 NORTH LAS VEGAS                         NV         89030           16,000
    15,726.10       12.99        105,700       103,800        1,128
 96/02/15       11/03/25          180       171       113.34
 Y       SFR          T          2
 190003380         2536954        66581 THELMA AVENUE
 BUENA PARK                              CA         90620           15,000
    14,916.11       14.99        170,000       150,026        2,137
 96/02/26       16/03/07          240       231        97.07
 Y       SFR          T          2
 190003403         2536955        15820 DEER TRAIL DR
 CHINO HILLS                             CA         91709           18,000
    17,809.38       11.99        155,000       133,000        1,658
 96/03/07       16/03/18          240       231        97.42
 Y       SFR          T          2
 190003414         2536956        23839 LAURELWOOD
 VALENCIA                                CA         91354           12,000
    11,774.78       11.99        205,000       193,923        2,961
 96/03/13       11/03/21          180       171       100.45
 Y       SFR          T          2
 190003353         2536957        2521 PARK OAK DR.
 LOS ANDELES                             CA         90068           25,000
    24,487.45       11.99        310,000       294,600        4,630
 96/02/28       11/02/28          180       170       103.10
 Y       SFR          T          2
 190003360         2536958        3942 GOODLAND AVE
 STUDIO CITY                             CA         91604           10,000
     9,812.33       11.99        495,000       340,176        4,950
 96/02/16       11/02/28          180       170        73.77
 Y       SFR          T          3
 190003376         2536959        419 E. MCCLOUD AVENUE
 STOCKTON                                CA         95204           10,000
     9,812.23       11.99         69,000        69,104          553
 96/02/16       11/03/07          180       171       114.64
 Y       SFR          T          2
 190003334         2536960        26451 ARBOR ROAD
 SAN JUAN CAPISTRANO                     CA         92675           10,000
     9,715.08       12.99        136,000       122,400        1,784
 96/02/04       11/02/23          180       170       102.35
 Y       SFR          T          3
 190003345         2536961        7514 HERSHEY DR.
 BUENA PARK                              CA         90620           17,000
    16,795.01       10.99        192,000       110,200        1,923
 96/02/26       16/02/27          240       230        66.25
 Y       SFR          T          2
 190003350         2536962        20741 LEMAY ST
 CANOGA PARK                             CA         91306           25,000
    24,729.96       10.99        150,000       147,000        2,189
 96/02/28       16/02/29          240       230       114.67
 Y       SFR          T          2
 190003307         2536963        14323 CALIFA ST
 VAN NUYS                                CA         91401           20,000
    19,683.02       14.99        125,000       123,927        1,500
 96/02/08       11/02/09          180       170       115.14
 Y       SFR          T          2
 190003315         2536964        280 E. MONTROSE DRIVE
 SAN BERNARDINO                          CA         92404           25,000
    24,446.73       10.99        115,000        77,700          771
 96/02/05       16/02/15          240       230        89.30
 Y       SFR          T          2
 190003325         2536965        14517 BLEDSOE ST.
 SYLMAR                                  CA         91392           25,000
    24,555.64       10.99        250,000       168,382        2,186
 96/01/09       16/02/21          240       230        77.35
 Y       SFR          T          2
 190003284         2536966        11652 LUAU LANE
 CYPRESS                                 CA         90630           25,000
    24,420.53       11.99        187,500       178,100        2,609
 96/01/05       11/01/25          180       169       108.32
 Y       SFR          T          2

 
 190003288         2536968        4330 MONROE ST.
 RIVERSIDE                               CA         92504           25,000
    24,698.57       10.99        100,000         5,811        1,564
 96/01/30       16/01/29          240       229        55.81
 Y       SFR          T          3
 190003273         2536969        2801-A OAK CREEK DR.
 ONTARIO                                 CA         91761           18,000
    17,809.28       11.99         83,125        81,521          946
 96/01/16       16/01/23          240       229       119.72
 Y       SFR          T          2
 190003280         2536971        1516 E. BROADWAY #10
 GLENDALE                                CA         91205           25,000
    24,268.52       11.99        117,500        94,844        1,951
 95/12/06       16/01/24          240       229       101.99
 Y       COND         T          2
 190003186         2536972        658 BRENTWOOD DRIVE
 LAKE ARROWHEAD                          CA         92352           25,000
    24,366.02       10.99        119,500       113,429        2,248
 95/12/21       10/12/20          180       168       115.84
 Y       SFR          T          2
 190003228         2536973        4000 VIA MARISOL #201
 LOS ANGELES                             CA         90042           20,000
    10,831.01       11.99         75,000        69,298        1,477
 95/12/28       11/01/07          180       169       119.06
 Y       SFR          T          2
 190003234         2536974        8440 AQUEDUCT AVE.
 NORTH HILLS                             CA         91343           25,000
    24,420.67       11.99        139,000       131,909        2,763
 95/12/28       11/01/09          180       169       112.88
 Y       SFR          T          2
 190003155         2536975        6 MARIPOSA
 TRABUCO CANYON                          CA         92679           25,000
    24,602.65       10.99        246,000       223,592        4,337
 95/12/12       15/12/11          240       228       101.05
 Y       SFR          T          2
 190003176         2536976        323 E CYPRESS ST
 GLENDALE                                CA         91205           10,000
     9,722.08       10.99        138,000       130,684        1,560
 95/12/18       10/12/17          180       168       101.94
 Y       SFR          T          2
 190003177         2536977        8558 PASO ROBLES
 NORTHRIDGE                              CA         91325           25,000
    24,634.92       10.99        213,500       170,000        2,634
 95/12/19       15/12/18          240       228        91.33
 Y       SFR          T          2
 190003137         2536978        3176 STONER AVE
 LOS ANGELES                             CA         90066           20,000
    18,627.10       11.99        287,000       258,300        2,937
 95/12/06       15/12/05          240       228        96.97
 Y       SFR          T          2
 190003139         2536979        4213 SUNSWEPT AVE
 SANTA ANA                               CA         92703           15,000
    14,807.43       11.99        173,000       164,350        2,168
 95/12/06       15/12/05          240       228       103.67
 Y       SFR          T          2
 190003149         2536980        800 N OXFORD AVE
 LOS ANGELES                             CA         90029           25,000
    24,678.54       11.99        176,000       158,400        2,500
 95/12/11       15/12/10          240       228       104.20
 Y       SFR          T          2
 190002981         2536981        321 NORTH VALLEJO STRE
 LA HABRA                                CA         90631           25,000
    24,621.73       11.99        160,000       150,671        3,416
 95/10/02       15/10/09          240       226       109.79
 Y       SFR          T          2
 190003060         2536982        951 9TH ST
 HERMOSA BEACH                           CA         90254           25,000
    24,287.23       11.99        315,000       288,130        6,441
 95/11/06       10/11/06          180       167       108.23
 Y       SFR          T          3

 
 190003115         2536983        5318 TYRONE AVE
 VAN NUYS                                CA         91401           25,000
    24,308.19       11.99        240,003       202,300        2,278
 95/11/28       10/11/28          180       167        94.71
 Y       SFR          T          2
 190002668         2536984        4677 HEMPSTEAD STREET
 SIMI VALLEY                             CA         93063           25,000
    24,469.35       11.99        183,500       182,246        3,283
 95/06/01       15/06/08          240       222       112.94
 Y       SFR          T          2
 190002691         2536985        11628 LERDO AVENUE
 GRANADA HILLS                           CA         91344           25,000
    23,809.17       12.99        537,000       400,000        6,703
 95/05/31       15/06/15          240       222        79.14
 Y       SFR          T          2
 190002863         2536986        9354 VIA MONIQUE
 BURBANK                                 CA         91504           25,000
    24,563.26       11.99        152,000       144,000        2,155
 95/08/29       15/08/28          240       224       111.18
 Y       SFR          T          2
 190002571         2536987        12641 ALGONQUIN ROAD
 APPLE VALLEY                            CA         92308           25,000
    24,473.35       11.99         92,000        87,000        1,802
 95/04/20       15/05/08          240       221       121.74
 Y       SFR          T          2
 190002656         2536988        22480 DOWNING STREET
 MORENO VALLEY                           CA         93553           25,000
    24,017.38       11.99        191,000       147,647        1,898
 95/05/04       10/06/02          180       162        90.39
 Y       SFR          T          2
 190002480         2536989        3059 BOSTICK AVENUE
 MARINA                                  CA         93933           25,000
    23,978.35       12.99        200,000       177,193        3,449
 95/04/07       10/04/14          180       160       101.10
 Y       SFR          T          2
 190002498         2536990        1406 GARNET STREET
 CORONA                                  CA         91720           20,000
    19,548.47       11.99        145,000       124,190        2,170
 95/04/13       15/04/19          240       220        99.44
 Y       SFR          T          2
 190002553         2536991        8456 E. SARATOGA
 ANAHEIM                                 CA         92808           25,000
    24,526.25       12.99        200,000       182,303        2,654
 95/04/24       15/05/02          240       221       103.65
 Y       SFR          T          2
 190002336         2536992        6555 BOTHWELL ROAD
 RESEDA                                  CA         91335           15,000
    14,551.03       12.99        185,000       175,000        2,346
 95/03/02       15/03/13          240       219       102.70
 Y       SFR          T          2
 190002358         2536993        13614 ALCADE STREET
 LA PUENTE                               CA         91746           25,000
    22,675.91       12.99        130,000        93,704        1,746
 95/03/02       15/03/19          240       219        91.31
 Y       SFR          T          2
 190002412         2536994        1108 18TH STREET #9
 SANTA MONICA                            CA         90403           16,000
    15,353.21       12.99        326,000       216,031        2,481
 95/03/29       10/03/28          180       159        71.18
 Y       COND         T          2
 190002322         2536995        794 S. EUCALYPTUS AVE.
 RIALTO                                  CA         92376           25,000
    24,035.87       12.99        133,354       125,986        1,814
 95/02/02       15/03/09          240       219       113.22
 Y       SFR          T          2
 190002327         2536996        509-511 LAUREL STREET
 COMPTON                                 CA         90220           25,000
    23,825.37       11.99        180,000       123,800        1,764
 95/02/25       10/03/09          180       159        82.67
 Y       SFR          T          2

 
 190002305         2536998        1565 APPLE CREEK DRIVE
 PERRIS                                  CA         92571           15,000
    14,248.56       12.99        120,000        84,953        1,428
 95/02/16       10/03/07          180       159        83.29
 Y       SFR          T          2
 190002311         2536999        1700 NORTH EVERGREEN S
 BURBANK                                 CA         91505           12,000
    11,441.35       11.99        205,000       154,000        1,481
 95/03/01       10/03/07          180       159        80.98
 Y       SFR          T          2
 190002228         2537000        3636 GLENRIDGE DRIVE
 SHERMAN OAKS                            CA         91423           25,000
    24,454.48       12.99        259,000       206,780        1,970
 95/01/08       15/02/17          240       218        89.49
 Y       SFR          T          2
 190002253         2537002        7456 IRVINE AVENUE
 NORTH HOLLYWOOD                         CA         91605           25,000
    24,411.90       11.99        150,000       121,936        2,039
 95/02/10       15/02/25          240       218        97.96
 Y       SFR          T          2
 190002167         2537003        643 SOUTH SOTO STREET
 LOS ANGELES                             CA         90023           25,000
    23,624.04       11.99        176,526       126,535        1,306
 94/12/28       10/01/23          180       157        85.84
 Y       SFR          T          2
 190002209         2537004        4630 SEPERADO AVENUE
 ATASCADERO                              CA         93422           15,000
    13,995.35       12.99        151,000       147,043        2,368
 95/01/01       10/02/11          180       158       107.31
 Y       SFR          T          2
 190002227         2537005        6305 MOLINO STREET
 LAS VEGAS                               CA         89108           15,000
    14,628.44       11.99         82,400        81,700          817
 95/02/09       15/02/17          240       218       117.35
 Y       SFR          T          2
 190001901         2537006        813 BUNGALOW DRIVE
 EL SEGUNDO                              CA         90245           25,000
    23,573.30       11.99        280,000       226,000        2,672
 94/10/10       09/10/23          180       154        89.64
 Y       SFR          T          2
 190001964         2537007        3638 WEST 157TH STREET
 LAWNDALE                                CA         90260           25,000
    24,317.41       11.99        195,000       163,000        3,711
 94/10/27       14/11/10          240       215        96.41
 Y       SFR          T          2
 190002099         2537008        2473 STARLING CT.
 PASO ROBLES                             CA         93446           25,000
    23,811.18       12.99        160,000       154,751        3,050
 94/12/15       09/12/27          180       156       112.34
 Y       SFR          T          2
 190001611         2537009        6338 WEST AVENUE J-3
 LANCASTER                               CA         93536           15,000
    14,666.08       14.99        137,727       136,970        2,401
 94/08/03       14/08/08          240       212       110.34
 Y       SFR          T          2
 190001842         2537011        6375 MARICOPA COURT
 SUN VALLEY                              NV         89433           10,000
     9,408.28       11.99        115,000       106,000        1,327
 94/09/21       09/10/05          180       154       100.87
 Y       SFR          T          2
 190000115         2537012        11046 VENA AVENUE
 MISSION HILLS                           CA         91345           15,000
    13,935.29       13.99        140,000       138,975        1,792
 93/04/27       13/04/09          240       196       109.98
 Y       SFR          T          2
 190000177         2537013        2148 WEST 83RD STREET
 LOS ANGELES                             CA         90047           25,000
    22,477.26       11.99        170,000       136,000        2,255
 93/06/08       08/06/15          180       138        94.71
 Y       SFR          T          2

 
 190000392         2537014        10310 BRADHURST
 WHITTIER                                CA         90606           20,000
    18,625.75       15.99        155,000       134,563        1,315
 93/09/02       08/08/25          180       140        99.72
 Y       SFR          T          2
 173280891         2537015        5 SOUTH STREET
 TAYLORS                                 MI         29687           15,000
    14,849.39       13.75         50,000        28,504        2,567
 96/05/27       11/05/27          180       173        87.01
 Y       SFR          T          2
 176363684         2537016        4375 VOLTAIRE STREET
 SAN DIEGO                               CA         92107           25,000
    24,844.30       11.99        167,000       133,000        1,771
 96/05/17       16/05/24          240       233        94.61
 Y       SFR          T          2
 190000104         2537017        5015 LADD AVENUE
 LOS ANGELES                             CA         90032           14,000
    13,366.25       13.99        180,000       174,108        1,140
 93/04/22       13/04/17          240       196       104.50
 Y       SFR          T          2
 151503107         2537018        35191 NELSON ROAD
 BARSTOW                                 CA         92311           25,000
    24,949.13       11.99        115,000       106,983        1,709
 96/09/07       16/10/01          240       238       114.77
 Y       SFR          T          2
 155867884         2537019        36837 REGENCY PLACE
 PALMDALE                                CA         93552           25,000
    24,913.11       14.99         90,000        68,622        1,764
 96/06/10       16/06/28          240       234       104.02
 Y       SFR          T          2
 156701068         2537020        27010 GLARAMARA LANE
 YORBA LINDA                             CA         92687           25,000
    24,638.62       11.99        500,000       438,807        6,444
 96/05/07       11/05/15          180       173        92.76
 Y       SFR          T          3
 1474863711        2537021        11254 DANESWOOD DRIVE
 ARCADIA                                 CA         91006           20,000
    19,837.27       11.99        170,000       134,116        1,526
 96/07/31       11/08/06          180       176        90.66
 Y       SFR          T          2
 147620811         2537022        2311 EAST VAN OWEN AVE
 ORANGE                                  CA         92867           20,000
    19,953.06       13.99        215,000       202,863        1,776
 96/09/06       16/09/26          240       237       103.66
 Y       SFR          T          2
 138345030         2537023        29276 SANDALWOOD COURT
 SAN JUAN CAPISTRANO                     CA         92675           25,000
    24,642.90       12.99        125,000       131,166        2,288
 96/05/14       16/06/20          240       234       124.93
 Y       SFR          T          2
 138503981         2537024        31792 AVENIDA VALDEZ
 CATHEDRAL CITY                          CA         92234           25,000
    24,833.67       11.49        120,000       103,748        2,363
 96/06/04       16/06/15          240       234       107.29
 Y       SFR          T          2
 145563965         2537025        1008 BERNE DRIVE
 CRESTLINE                               CA         92325           15,000
    14,908.93       11.99        130,000       116,520        1,554
 96/08/28       11/09/17          180       177       101.17
 Y       SFR          T          2
 127540852         2537026        361 BRADFORD DRIVE
 HENDERSON                               NV         89014           15,000
    14,966.98       10.99        155,000       124,461        2,086
 96/09/12       11/10/11          180       178        89.97
 Y       SFR          T          2
 130469484         2537027        23841 HYACINTH DRIVE
 MURRIETA                                CA         92362           20,000
    19,795.57       11.99        160,000        97,500        1,541
 96/06/24       11/07/01          180       175        73.44
 Y       SFR          T          2

 
 119487194         2537028        8288 EAST OAK RIDGE CI
 ANAHEIM                                 CA         92808           20,000
    18,936.41       11.99        155,000       144,019        2,483
 96/05/16       11/05/22          180       173       105.82
 Y       SFR          T          2
 1214608481        2537029        2140 EAST SHAUER STREE
 COMPTON                                 CA         90222           20,000
    19,905.78       10.99        140,000       147,248        1,931
 96/07/23       16/08/16          240       236       119.46
 Y       SFR          T          2
 123442532         2537030        21806 OSPREY LANE
 MORENO VALLEY                           CA         92557           25,000
    24,703.69       10.99        125,000       118,707        2,211
 96/06/21       11/06/28          180       174       114.97
 Y       SFR          T          2
 116766551         2537031        5310 CIRCLE DRIVE #204
 LOS ANGELES                             CA         91401           25,000
    24,489.35       11.99        110,000        80,878        1,361
 96/06/10       11/06/28          180       174        96.25
 Y       COND         T          2
 117561423         2537032        3512 LAKE CREST DRIVE
 LAKE ELSINORE                           CA         92530           20,000
    19,763.31       12.99        107,000        81,698        1,801
 96/06/03       11/06/24          180       174        95.04
 Y       SFR          T          2
 118306702         2537033        1198 CROMWELL STREET
 LIVERMORE                               CA         94550           25,000
    24,822.25       13.99        218,000       206,883        3,459
 96/07/03       11/08/01          180       176       106.37
 Y       SFR          T          2
 109420503         2537034        20 VICTORIA ROAD
 NORTH BABYLON                           NY         11703           25,000
    24,861.94       12.99        145,000       128,205        2,869
 96/08/13       11/09/01          180       177       105.66
 Y       SFR          T          2
 112306878         2537035        2109 WEST CHALET AVENU
 ANAHEIM                                 CA         92804           20,000
    19,821.44       10.99        217,000       202,407        4,088
 96/07/09       11/08/12          180       176       102.49
 Y       SFR          T          2
 115382899         2537036        195 DUNBAR ROAD
 WEST COLUMBIA                           SC         29172            7,500
     7,434.72       13.99         56,000        35,400        1,162
 96/07/18       11/07/18          180       175        76.61
 Y       SFR          T          2
 099348666         2537038        1134 NORTH BUENA VISTA
 BURBANK                                 CA         91506           15,000
    14,884.08       11.49        170,000       171,000        1,980
 96/07/09       16/08/01          240       236       109.41
 Y       SFR          T          2
 100523039         2537039        2643 HOLLYRIDGE DRIVE
 LOS ANGELES                             CA         90068           10,000
    10,000.00       13.99        293,000       265,000        3,352
 96/10/24       01/11/25           60        60        93.86
 Y       SFR          T          2
 092508338         2537040        85 WAXWING LANE
 ALISO VIEJO                             CA         92656           15,000
    14,892.93       10.99        145,000       136,662        2,287
 96/08/20       11/09/06          180       177       104.59
 Y       COND         T          2
 093449875         2537041        7713 MISTYBROOK CIRCLE
 STANTON                                 CA         90680           20,000
    19,710.91       11.99        153,000       128,766        1,699
 96/05/07       11/05/15          180       173        97.23
 Y       COND         T          2
 093504302         2537042        4919 BELOIT AVENUE
 CULVER CITY                             CA         90230           25,000
    24,662.15       10.99        450,000       248,150        3,590
 96/07/05       11/08/20          180       176        60.70
 Y       SFR          T          3

 
 075440967         2537043        6313 VIOLA TERRACE
 CHINO                                   CA         91709           25,000
    24,798.04        9.99        165,000       166,771        2,651
 96/05/30       16/06/05          240       234       116.22
 Y       SFR          T          2
 077407455         2537044        5161 BLOSSOM AVENUE
 LAS VEGAS                               NV         89122           25,000
    24,744.45       11.99        130,000       126,819        2,444
 96/04/25       11/06/05          180       174       116.78
 Y       SFR          T          2
 080461160         2537045        2300 HOLLY AVENUE
 LAS VEGAS                               NV         89106           15,000
    14,748.64       10.99         75,000        34,998          688
 96/08/29       11/09/25          180       177        66.66
 Y       SFR          T          2
 052540055         2537046        15521 MORRISON STREET
 SHERMAN OAKS                            CA         91403           25,000
    24,744.80       13.99        155,000       151,943        3,401
 96/06/07       11/06/14          180       174       114.16
 Y       SFR          T          2
 069460160         2537047        585 20TH STREET
 HERMOSA BEACH                           CA         90254           25,000
    24,701.10       10.99        359,000       323,100        3,358
 96/07/11       11/09/03          180       177        96.96
 Y       SFR          T          2
 073546168         2537048        3717 BIZET COURT
 NORTH LAS VEGAS                         NV         89030           24,916
    24,695.29       13.99        125,000       113,974        2,360
 96/06/10       11/06/28          180       174       111.11
 Y       SFR          T          2
 039309379         2537049        244 STONER AVENUE
 LAKE ARROWHEAD                          CA         90066           25,000
    25,000.00       10.99        117,000        94,202          692
 96/10/28       16/12/02          240       240       101.88
 Y       SFR          T          2
 046302955         2537050        8154 MATILIJA AVENUE
 PANORAMA CITY                           CA         91402           25,000
    24,776.79       10.99        190,000       129,206        1,917
 96/07/11       11/07/23          180       175        81.16
 Y       SFR          T          2
 050407029         2537051        1682 SUMMERVILLE AVENU
 TUSTIN                                  CA         92680           25,000
    24,861.94       12.99        239,000       227,050        3,663
 96/08/26       11/09/12          180       177       105.46
 Y       SFR          T          2
 026482858         2537052        67400 PEINETA ROAD
 CATHEDRAL CITY                          CA         92234           25,000
    24,715.75       12.99        120,000        89,709        1,548
 96/05/24       11/06/01          180       174        95.59
 Y       SFR          T          2
 034509768         2537053        430 BONNIE VIEW STREET
 MOORPARK                                CA         93021           25,000
    24,798.52       14.49        186,000       167,000        2,741
 96/06/28       11/07/22          180       175       103.23
 Y       SFR          T          2
 038529229         2537054        17770 CLARK STREET
 PERRIS                                  CA         92570           25,000
    24,874.62       13.99         98,000        93,939        2,255
 96/08/09       11/08/23          180       176       121.37
 Y       SFR          T          2
 016429374         2537055        11691 GARDEN GROVE BOU
 GARDEN GROVE                            CA         92643           25,000
    24,744.45       11.99        143,000       130,000        2,417
 96/07/26       11/08/01          180       176       108.39
 Y       SFR          T          2
 0213488982        2537056        339 CHERRY HILLS LANE
 AZUSA                                   CA         91702           10,000
     9,887.73       12.99         98,000        87,811        1,358
 96/05/28       11/06/12          180       174        99.81
 Y       SFR          T          2

 
 024427377         2537057        12221 193RD STREET
 ARTESIA                                 CA         90701           15,000
    14,933.65       10.99        215,000       166,196        2,078
 96/08/29       11/09/11          180       177        84.28
 Y       SFR          T          2
 637204571         2537058        4937 NORTH VISTA DRIVE
 SUMNER                                  WA         98390           43,500
    43,400.94       14.25        130,000       119,000        1,686
 96/09/24       21/10/01          300       298       125.00
 Y       SFR          C          2
 009502458         2537059        12118 BAYLA STREET
 NORWALK                                 CA         90650           25,000
    24,719.70       10.99        160,000       155,131        1,899
 96/07/03       11/07/16          180       175       112.58
 Y       SFR          T          2
 0125841521        2537060        638 GLENMORE BOULEVARD
 GLENDALE                                CA         91206           25,000
    24,833.36       10.99        215,000       229,000        3,627
 96/08/26       11/09/11          180       177       118.14
 Y       SFR          T          2
 625481475         2537061        8033 ARROYO VISTA DRIV
 SACRAMENTO                              CA         95823           25,000
    24,962.67       14.25        115,000       101,000        1,895
 96/09/25       16/10/15          240       238       109.57
 Y       SFR          C          2
 626169620         2537062        2114-2116 EAST AVENUE
 PALMDALE                                CA         93550           30,000
    29,966.16       13.99        125,000        84,311        1,548
 96/09/07       21/09/13          300       297        91.45
 Y       SFR          C          2
 626365367         2537063        77346 CHEYENNE DRIVE
 PALM DESERT                             CA         92211           40,000
    39,873.38       14.49        110,000        93,959        1,599
 96/10/14       11/10/22          180       178       121.78
 Y       SFR          C          2
 625144114         2537064        475 MERCURY LANE
 PASADENA                                CA         91107           50,000
    49,845.70       14.75        194,600       175,968        2,735
 96/09/23       11/10/08          180       178       116.12
 Y       SFR          C          2
 625148047         2537065        10729 BALBOA BOULEVARD
 GRANADA HILLS                           CA         91344           15,000
    14,833.63       15.49        112,000       111,523        1,041
 96/11/04       11/11/08          180       179       112.97
 Y       SFR          C          2
 625348660         2537066        14222 ROCKENBACH STREE
 BALDWIN PARK                            CA         91706           44,000
    43,689.73       13.50        139,337       124,059        2,256
 96/07/25       11/08/16          180       176       120.61
 Y       SFR          C          2
 623283874         2537067        14060 BANCROFT COURT
 FONTANA                                 CA         92335           29,600
    29,463.68       14.99        151,000       151,000        1,825
 96/05/07       16/05/17          240       233       119.60
 Y       SFR          C          2
 624404873         2537068        2874 WEST LOS ROBLES C
 SAN BERNARDINO                          CA         92376           48,000
    47,891.55       14.25        145,000       132,541        3,302
 96/09/07       16/10/03          240       238       124.51
 Y       SFR          C          2
 624627092         2537069        711 S. CORLETT
 COMPTON                                 CA         90220           25,000
    24,987.45       16.99        110,000        93,000        1,076
 96/09/26       16/10/08          240       238       107.27
 Y       SFR          C          2
 623073167         2537070        2011 5TH AVENUE
 LOS ANGELES                             CA         90018           25,000
    24,889.41       10.99        150,000       103,415        1,251
 96/07/22       11/10/01          180       178        85.61
 Y       SFR          C          2

 
 623107041         2537071        14419 ETERNAL DRIVE
 MORENO VALLEY                           CA         92553           35,000
    34,892.66       14.00         98,000        86,571        1,378
 96/07/03       16/07/11          240       235       124.05
 Y       SFR          C          2
 623282061         2537072        11501 CALVERT STREET
 NORTH HOLLYWOOD                         CA         91606           40,000
    39,945.90       12.99        180,000       132,785        1,529
 96/08/13       21/08/27          300       296        95.99
 Y       SFR          C          2
 621054026         2537073        11612 KATHY LANE
 GARDEN GROVE                            CA         92640           25,000
    24,957.71       13.75        154,000       148,406        1,660
 96/10/04       11/11/06          180       179       112.60
 Y       SFR          C          2
 621369779         2537074        480 LA JOLLA STREET
 VALLEJO                                 CA         94591           43,000
    42,873.87       14.50        101,000        81,430        1,167
 96/07/05       16/08/01          240       236       123.20
 Y       SFR          C          2
 622261978         2537075        6010 ARBUTUS AVENUE #C
 HUNTINGTON PARK                         CA         90255           25,000
    24,952.50       14.00         98,000        92,795        1,690
 96/07/01       21/07/17          300       295       120.20
 Y       SFR          C          2
 619480090         2537076        27974 ORMOND AVENUE
 HAYWARD                                 CA         94544           25,000
    24,671.70       14.49        142,000       132,991        1,447
 96/08/29       16/09/10          240       237       111.26
 Y       SFR          C          2
 620282084         2537077        3348 DENHAM DRIVE
 PALMDALE                                CA         93551           50,000
    49,917.82       13.75        164,800       135,285        2,416
 96/07/31       21/09/01          300       297       112.43
 Y       SFR          C          2
 620427212         2537078        36938 CHARTER COURT
 PALMDALE                                CA         93552           18,000
    17,914.02       14.49         85,000        81,205        1,149
 96/05/29       16/06/06          240       234       116.71
 Y       SFR          C          2
 619184777         2537079        1118 BLUEGRASS
 PHILLIPS RANCH                          CA         91766           50,000
    49,962.89       14.25        164,000       151,097        2,646
 96/09/23       16/11/14          240       239       122.62
 Y       SFR          C          2
 619265982         2537080        629 FAIRWOOD STREET
 DUARTE                                  CA         91010           45,000
    45,000.00       13.75        200,000       201,052        2,726
 96/11/05       11/12/15          180       180       123.03
 Y       SFR          C          1
 619465543         2537081        2742 BARNARD DRIVE
 SAN PABLO                               CA         94806           31,000
    30,521.65       14.49        153,000       140,539        2,052
 96/06/03       16/06/14          240       234       112.12
 Y       SFR          C          2
 618361978         2537082        310 WEST GRANT STREET
 SANTA MARIA                             CA         93454           15,000
    14,465.28       13.50        103,000        99,557        1,114
 96/08/24       11/09/05          180       177       111.22
 Y       SFR          C          2
 619144803         2537083        4002 NORTH WALNUTHAVEN
 COVINA                                  CA         91722           26,075
    25,979.28       13.75        151,000       135,793        1,642
 96/07/11       21/07/24          300       295       107.20
 Y       SFR          C          2
 619161105         2537084        210 ENTRADA PLAZA
 UNION CITY                              CA         94587           20,000
    19,775.08       13.25        142,000       129,831        1,713
 96/08/10       11/08/15          180       176       105.51
 Y       COND         C          2

 
 617055232         2537085        908 NATOMA STREET
 FOLSOM                                  CA         95630           26,600
    26,579.18       13.75        140,000       133,975          366
 96/09/20       21/10/15          300       298       114.70
 Y       SFR          C          2
 617107817         2537086        20813 MARGARET STREET
 CARSON                                  CA         90745           15,000
    14,950.13       13.99        170,000       152,000        1,681
 96/10/03       11/10/21          180       178        98.24
 Y       SFR          C          2
 618052076         2537087        608 NE FAILING STREET
 PORTLAND                                OR         97212           20,000
    19,842.36       13.75         65,000        49,548          750
 96/09/14       06/09/27          120       117       107.00
 Y       SFR          C          2
 6151075521        2537088        15972 HARVEST MOON STR
 LA PUENTE                               CA         91744           40,000
    40,000.00       13.75        185,250       189,814        2,553
 96/11/14       06/12/02          120       120       124.06
 Y       SFR          C          2
 616163222         2537089        13151 SANDRA PLACE
 GARDEN GROVE                            CA         92843           57,875
    57,800.34       13.25        180,000       151,932        2,617
 96/07/22       21/09/01          300       297       116.56
 Y       SFR          C          2
 616563787         2537090        4229 E. RAVEN ROAD
 PHOENIX                                 AZ         85044           26,000
    25,811.24       14.99        140,000       118,888        1,866
 96/05/22       16/06/04          240       234       103.49
 Y       SFR          C          2
 613443752         2537091        1044 PORTOLA VALLEY DR
 YUBA CITY                               CA         95993           41,000
    40,957.88       14.50        147,798       135,814        1,945
 96/07/22       21/09/13          300       297       119.63
 Y       SFR          C          2
 615078493         2537092        3760 MYRNA LANE
 SOUTH SAN FRANCISCO                     CA         94080           50,000
    49,953.07       14.99        217,386       194,642        2,525
 96/08/31       21/09/13          300       297       112.54
 Y       SFR          C          2
 613307979         2537093        2127 JAMAICA WAY
 SAN JOSE                                CA         95122           33,000
    32,813.41       13.50        150,000       139,483        2,570
 96/09/19       11/10/24          180       178       114.99
 Y       SFR          C          2
 613309100         2537094        2961 FLORINE AVENUE
 RIVERSIDE                               CA         92509           36,000
    35,910.81       14.99        149,000       116,937        2,054
 96/08/02       16/08/09          240       236       102.64
 Y       SFR          C          2
 613342768         2537095        2716 INGALLS COURT
 SAN JOSE                                CA         95111           40,000
    39,887.25       14.75        165,000       136,075        1,494
 96/07/12       16/08/01          240       236       106.71
 Y       SFR          C          2
 612145689         2537096        1415 WEST HARVARD PLAC
 ONTARIO                                 CA         91762           10,000
     9,996.12       17.50        132,000       119,223        1,250
 96/09/11       21/09/27          300       297        97.90
 Y       SFR          C          2
 612482497         2537097        6513 WHITE OAK AVENUE
 RESEDA                                  CA         91335           27,100
    27,060.42       15.00        110,000       108,187        1,487
 96/09/24       16/10/25          240       238       122.99
 Y       SFR          C          2
 613015152         2537098        4141 AGATE STREET
 RIVERSIDE                               CA         92509           17,600
    17,171.22       14.99         98,500        97,848          837
 96/09/27       16/10/03          240       238       117.21
 Y       SFR          C          2

 
 611261721         2537099        96 CALLE ESCALON
 CAMARILLO                               CA         93010           30,000
    29,909.33       14.25        197,500       183,904        3,349
 96/08/23       16/09/01          240       237       108.31
 Y       SFR          C          2
 611322900         2537100        4857 WEST 137TH PLACE
 HAWTHORNE                               CA         90250           45,000
    44,743.97       13.75        162,750       146,231        1,830
 96/08/21       21/08/27          300       296       117.50
 Y       SFR          C          2
 611561543         2537101        6207 SAN RAMON WAY
 BUENA PARK                              CA         90620           23,300
    23,242.90       15.75        170,000       170,696        3,067
 96/07/25       16/08/06          240       236       114.12
 Y       SFR          C          2
 611039925         2537102        818 NORTH AVENUE #52
 LOS ANGELEES                            CA         90042           32,000
    31,474.59       13.25        155,100       143,167        2,434
 96/08/02       06/08/26          120       116       112.94
 Y       SFR          C          2
 611098111         2537103        331 WEST G STREET
 OAKDALE                                 CA         95361           33,000
    32,893.06       14.25        122,903       109,370        1,584
 96/07/26       11/10/08          180       178       115.84
 Y       SFR          C          2
 611181624         2537104        2445 W. CHAIN AVENUE
 ANAHEIM                                 CA         92804           50,000
    49,823.80       15.75        170,000       158,659        2,444
 96/08/05       21/08/02          300       296       122.74
 Y       SFR          C          2
 610309953         2537105        1560 SALMON CREEK COUR
 SAN JOSE                                CA         95127           31,000
    30,894.60       14.00        205,000       191,401        2,194
 96/07/08       16/08/01          240       236       108.49
 Y       SFR          C          2
 6103277131        2537106        8518 FRANDSEN STREET
 SAN GABRIEL                             CA         91776           30,000
    29,969.18       14.50        157,500       153,391        1,518
 96/08/20       21/09/05          300       297       116.44
 Y       SFR          C          2
 610107062         2537107        2218 EAST BANGOR WAY
 ANAHEIM                                 CA         92806           49,500
    49,350.37       14.25        197,879       179,355        2,735
 96/08/16       16/08/15          240       236       115.65
 Y       SFR          C          2
 610109754         2537108        18630 HORACE STREET
 NORTHRIDGE                              CA         91326           55,000
    54,805.10       14.25        209,000       170,026        2,084
 96/08/10       11/10/04          180       178       107.67
 Y       SFR          C          2
 610167580         2537109        3656 SNOWDRIFT DRIVE
 RIVERSIDE                               CA         92503           31,500
    31,466.10       14.25        146,000       149,017        2,067
 96/09/06       21/09/15          300       297       123.64
 Y       SFR          C          2
 609249003         2537110        4675 VIRGINIA AVENUE
 LONG BEACH                              CA         90805           15,871
    15,662.38       16.00        200,000       181,467        2,292
 96/09/11       03/10/09           84        82        98.67
 Y       SFR          C          2
 609284162         2537111        572 INVERNESS DRIVE
 PACIFICA                                CA         94044           40,000
    39,731.41       14.99        199,800       189,464        2,132
 96/03/11       16/03/15          240       231       114.85
 Y       SFR          C          2
 610030522         2537112        825 WEST 33RD WAY
 LONG BEACH                              CA         90806           30,000
    29,971.91       13.75        157,000       121,810          456
 96/09/23       21/10/15          300       298        96.69
 Y       SFR          C          2

 
 608308723         2537113        40176 MARIETTA DRIVE
 FREMONT                                 CA         94538           32,000
    31,779.72       13.75        282,000       267,938        2,875
 96/08/17       11/08/26          180       176       106.36
 Y       SFR          C          2
 609095136         2537114        438 ESTHER AVENUE
 MOORPARK                                CA         93021           15,000
    14,926.65       14.25        141,000       138,855        1,326
 96/09/08       11/09/15          180       177       109.12
 Y       SFR          C          2
 609120599         2537115        1213 NORTH G STREET
 LOMPOC                                  CA         93436           25,000
    24,783.64       13.75        150,000       135,744        1,502
 96/07/17       11/07/25          180       175       107.16
 Y       SFR          C          2
 608096960         2537116        14191 JAMAICA SANDS LA
 MORENO VALLEY                           CA         92553           30,000
    29,846.00       13.75        116,000       113,356        1,527
 96/09/09       11/09/23          180       177       123.58
 Y       SFR          C          2
 608097573         2537117        953 HANOVER STREET
 DALY CITY                               CA         94014           75,000
    74,926.44       14.75        250,000       220,264        2,934
 96/08/14       21/09/10          300       297       118.11
 Y       SFR          C          2
 608202160         2537118        876 PAMELA LANE
 EL CAJON                                CA         92020           43,000
    42,413.03       14.49        301,900       261,000        3,170
 96/05/03       16/05/08          240       233       100.70
 Y       SFR          C          2
 608012738         2537119        13154 CYPRESS AVENUE
 CHINO                                   CA         91710           28,800
    28,777.59       15.99        203,089       111,517        1,372
 96/10/22       21/11/01          300       299        69.09
 Y       SFR          C          2
 608094069         2537120        1351 NORTH SAN ANTONIO
 POMONA                                  CA         91767           50,000
    49,859.04       14.75        151,000       113,250        1,780
 96/08/13       16/08/28          240       236       108.11
 Y       SFR          C          2
 607201333         2537121        39431 OBSIDIAN COURT
 PALMDALE                                CA         93551           35,000
    34,872.09       13.75        125,000       120,587        1,492
 96/08/15       21/10/03          300       298       124.47
 Y       SFR          C          2
 607449936         2537122        21 CURTIS AVENUE
 ALHAMBRA                                CA         91801           49,900
    49,572.67       14.25        172,900       155,600        2,375
 96/07/31       11/08/15          180       176       118.85
 Y       SFR          C          2
 6077652251        2537123        1204 WEST 51ST PLACE
 LOS ANGELES                             CA         90037           20,000
    20,000.00       13.75        137,000       124,903        1,420
 96/11/26       21/12/15          300       300       105.77
 Y       SFR          C          2
 606051797         2537124        4605 ELWOOD AVENUE
 PALMDALE                                CA         93552           30,000
    30,000.00       14.25        104,000        94,507        1,537
 96/11/20       07/01/02          120       120       119.72
 Y       SFR          C          2
 606143140         2537125        2512 NORTH IDYLLWILD A
 RIALTO                                  CA         92377           17,600
    17,484.52       14.25        105,000       112,376        1,645
 96/07/18       11/08/02          180       176       123.79
 Y       SFR          C          2
 6061607821        2537126        5139 SOUVENIR LANE
 LAS VEGAS                               NV         89118           37,800
    37,682.95       14.75        129,000        91,408        1,774
 96/09/05       11/09/24          180       177       100.16
 Y       SFR          C          2

 
 604039098         2537127        23216 RESPIT ROAD
 LAKE FOREST                             CA         92630           47,000
    46,981.74       13.75        228,000       183,000        2,120
 96/10/17       21/11/12          300       299       100.88
 Y       SFR          C          2
 604589102         2537128        4805 SUNBROOK DRIVE
 SALIDA                                  CA         95368           36,500
    36,257.33       14.49        116,655       108,291        1,840
 96/04/22       16/05/01          240       233       124.12
 Y       SFR          C          2
 605090035         2537129        23334 MALTBY PLACE
 LOS ANGELES                             CA         90710           50,000
    49,982.28       14.25        185,000       171,720        2,803
 96/10/11       21/11/01          300       299       119.85
 Y       SFR          C          2
 603305127         2537130        1829 COOLIDGE AVENUE
 ALTADENA                                CA         91001           40,000
    39,889.77       15.49        206,426       174,620        2,335
 96/06/07       16/07/03          240       235       103.97
 Y       SFR          C          2
 603309805         2537131        13044 SIXTEENTH STREET
 CHINO                                   CA         91710           33,000
    32,954.51       14.25        125,500       123,488        2,109
 96/08/22       21/09/15          300       297       124.69
 Y       SFR          C          2
 603548728         2537132        5230 SOUTH MANHATTAN P
 LOS ANGELES                             CA         90062           25,000
    25,000.00       13.25        140,000       103,352        1,219
 96/10/25       21/12/02          300       300        91.68
 Y       SFR          C          2
 603144414         2537133        254 EL CAMINO LANE
 COALINGA                                CA         93210           22,500
    19,469.67       14.99        117,000       101,499        1,228
 96/09/25       06/10/01          120       118       105.98
 Y       SFR          C          2
 603160585         2537134        12600 COBALT AVENUE
 VICTORVILLE                             CA         92392           30,000
    29,936.95       14.75        116,000       114,780           25
 96/08/23       16/09/15          240       237       124.81
 Y       SFR          C          2
 603260636         2537135        13040 KITTRIDGE STREET
 NORTH HOLLYWOOD                         CA         91606           40,000
    39,952.86       13.75        145,000       140,720        2,256
 96/09/04       21/09/15          300       297       124.63
 Y       SFR          C          2
 6022008892        2537136        2527 SOUTH MARIGOLD PL
 ONTARIO                                 CA         91761           30,000
    30,000.00       14.25        133,000       121,712        1,779
 96/10/25       21/12/03          300       300       114.07
 Y       SFR          C          2
 602269937         2537137        6145 BROADWAY PLACE
 NEWARK                                  CA         94560           21,000
    20,773.16       14.25        215,000       202,339        2,278
 96/06/21       11/07/15          180       175       103.88
 Y       SFR          C          2
 603070641         2537138        991 PAINTED PONY DRIVE
 HENDERSON                               NV         89014           18,000
    17,931.69       14.99        110,000       112,024          595
 96/05/07       16/05/14          240       233       118.20
 Y       SFR          C          2
 601565962         2537139        1804 E. 2ND PLACE
 MESA                                    AZ         85203           13,500
    13,415.75       14.99         76,000        74,423          826
 96/06/17       16/06/24          240       234       115.69
 Y       SFR          C          2
 602098593         2537140        26 LOS PLATILLOS
 RANCHO SANTA MARGARITA                  CA         92685           28,500
    28,489.91       14.25        167,500       155,662        1,852
 96/11/08       21/12/15          300       300       109.95
 Y       SFR          C          2

 
 602102224         2537141        578 ORANGEWOOD COURT
 PALMDALE                                CA         93550           25,000
    24,856.14       14.25         95,000        93,156        1,219
 96/09/12       11/10/01          180       178       124.37
 Y       SFR          C          2
 601200639         2537142        9328 CHILLY POND AVENU
 LAS VEGAS                               NV         89129           30,000
    29,882.79       14.99        118,000       117,004        1,681
 96/07/26       16/06/13          240       234       124.58
 Y       SFR          C          2
 601229638         2537143        4813 WEST MESCAL STREE
 GLENDALE                                AZ         85304           11,500
    11,375.43       15.49        103,000        67,894          845
 96/08/27       06/09/04          120       117        77.08
 Y       SFR          C          2
 601280982         2537144        441 N. 98TH STREET
 MESA                                    AZ         85207           20,000
    19,973.06       14.99         62,000        55,048          622
 96/08/02       16/08/08          240       236       121.05
 Y       SFR          C          2
 600324025         2537145        14 PALMIERI AISLE
 IRVINE                                  CA         92714           36,000
    35,880.33       13.99        240,750       204,720        3,170
 96/10/09       11/10/21          180       178        99.99
 Y       COND         C          2
 600342935         2537146        6832 E. TIVANI DRIVE
 TUCSON                                  AZ         85715           25,000
    24,645.01       15.49        142,000       126,255        1,408
 96/05/10       16/05/15          240       233       106.52
 Y       SFR          C          2
 600628015         2537147        8131 E. PICCADILLY ROA
 SCOTTSDALE                              AZ         85251           18,500
    17,742.69       11.49        105,000        74,708          815
 96/03/29       11/04/04          180       172        88.77
 Y       SFR          C          2
 600109563         2537148        520 N. LAVEEN DRIVE
 CHANDLER                                AZ         85226           35,000
    34,406.39       14.75         99,000        69,953        1,214
 96/07/05       06/07/10          120       115       106.01
 Y       SFR          C          2
 600166086         2537149        19819 N. 36TH DRIVE
 GLENDALE                                AZ         85308           23,000
    22,890.14       14.49         95,000        89,710        1,485
 96/07/19       11/07/25          180       175       118.64
 Y       SFR          C          2
 594420865         2537150        4926 31ST STREET NORTH
 ST. PETERSBURG                          FL         33714           24,999
    24,930.87       16.00         60,000        48,444        1,625
 96/10/02       11/10/15          180       178       122.41
 Y       SFR          C          2
 600096301         2537151        1981 N. HARTFORD STREE
 CHANDLER                                AZ         85224           20,000
    19,909.55       16.49         68,000        64,140        1,708
 96/06/27       16/07/03          240       235       123.74
 Y       COND         C          2
 593225529         2537152        800 E 123RD AVENUE
 TAMPA                                   FL         33612           22,750
    22,658.69       16.25         65,000        58,500        1,762
 96/08/20       11/09/01          180       177       125.00
 Y       SFR          C          2
 593447758         2537153        32163 CALA TORRENTE
 TEMECULA                                CA         92592           52,500
    52,456.56       13.75        165,000       143,905        1,989
 96/10/17       16/11/12          240       239       119.03
 Y       SFR          C          2
 590101088         2537154        4301 CARSON STREET NE
 ST. PETERSBURG                          FL         33703           12,500
    12,163.03       14.99         67,000        59,000        1,411
 96/08/19       11/09/01          180       177       106.72
 Y       SFR          C          2

 
 591079463         2537155        834 N 56TH PLACE
 SPRINGFIELD                             OR         97478           25,000
    24,904.18       13.99         85,000        75,088        1,312
 96/07/18       16/08/07          240       236       117.75
 Y       SFR          C          2
 593110124         2537156        6503 BENSON STREET
 HUNTINGTON PARK                         CA         90255           30,000
    29,962.30       15.00        132,000       130,675        1,470
 96/07/19       21/08/15          300       296       121.72
 Y       SFR          C          2
 587748582         2537157        42 FALCON RIDGE DRIVE
 POMONA                                  CA         91766           75,000
    74,269.83       13.75        223,200       197,800        2,846
 96/08/09       21/09/04          300       297       122.22
 Y       SFR          C          2
 589109752         2537158        4316 RHAME ROAD
 COLUMBIA                                SC         29223           21,500
    21,364.68       17.00         77,000        65,490        1,348
 96/08/06       11/08/12          180       176       112.97
 Y       SFR          C          2
 589207767         2537159        14681 BUENO DRIVE
 CHINO HILLS                             CA         91709           55,000
    54,783.18       14.75        235,000       217,815        3,532
 96/07/17       16/08/23          240       236       116.09
 Y       SFR          C          2
 587275196         2537160        263 E. LYNWOOD STREET
 GRAND JUNCTION                          CO         81503           40,000
    39,967.42       15.75         99,000        77,484        2,012
 96/08/09       21/09/01          300       297       118.67
 Y       SFR          C          2
 587467464         2537161        2033 ASPEN DRIVE
 NESBIT                                  MS         38651           25,000
    25,000.00       13.75        125,000        92,967        2,120
 96/11/27       11/12/15          180       180        94.37
 Y       SFR          C          2
 587743155         2537162        376 CENTER STREET #143
 CHULA VISTA                             CA         91910           33,000
    33,000.00       13.25        160,000       159,254        2,546
 96/11/04       11/12/15          180       180       120.16
 Y       COND         C          2
 586666612         2537163        20759 BRANA ROAD
 RIVERSIDE                               CA         92508           25,000
    24,830.42       16.25        187,000       179,179        3,113
 96/06/29       11/07/12          180       175       109.19
 Y       SFR          C          2
 587078890         2537164        1648 BONAIRE CIRCLE
 STOCKTON                                CA         95210           38,000
    37,885.14       14.25        145,000       143,242        2,799
 96/08/10       16/09/03          240       237       124.99
 Y       SFR          C          2
 587218830         2537165        2104 WOODBRIAR COURT
 FULLERTON                               CA         92631           25,000
    24,726.18       13.75        180,000       153,000        1,999
 96/08/09       11/08/20          180       176        98.89
 Y       COND         C          2
 586367819         2537166        6745 PARIS WAY
 SAN DIEGO                               CA         92139           65,000
    64,979.92       14.99        158,000       122,905        1,491
 96/10/15       21/10/21          300       298       118.93
 Y       SFR          C          2
 586386641         2537167        1589 RANCH ROAD
 SAN BERNARDINO                          CA         92407           27,000
    26,956.79       13.75        125,000        99,544        1,182
 96/09/17       16/10/08          240       238       101.24
 Y       SFR          C          2
 586641210         2537168        2161 AMETHYST AVENUE
 BARSTOW                                 CA         92311           35,000
    34,947.53       14.50        119,500       113,857        2,034
 96/10/05       16/10/23          240       238       124.57
 Y       SFR          C          2

 
 586036834         2537169        7307 VILLAGE GREEN DRI
 STOCKTON                                CA         95210           25,000
    24,970.80       15.99         78,000        68,325          917
 96/10/08       16/10/18          240       238       119.65
 Y       COND         C          1
 586308593         2537170        726 MERCER AVENUE
 VENTURA                                 CA         93004           35,000
    34,750.62       15.75        170,000       173,972        2,108
 96/07/17       11/07/24          180       175       122.92
 Y       SFR          C          2
 586360436         2537171        3170 GARDEN AVENUE
 SAN JOSE                                CA         95111           30,000
    29,927.57       13.75        154,000       151,277        1,677
 96/07/05       16/09/04          240       237       117.71
 Y       SFR          C          2
 585906517         2537172        10889 OLDE WOODS WAY
 COLUMBIA                                MD         21044           25,500
    25,480.17       16.00        125,000       125,532        1,937
 96/08/09       21/09/01          300       297       120.83
 Y       SFR          C          2
 585960882         2537173        2755 SOUTH EAST MEADOW
 HILLSBORO                               OR         97123           25,000
    24,980.47       13.75        130,000        96,485        1,178
 96/09/08       21/10/02          300       298        93.45
 Y       SFR          C          2
 586030332         2537174        1303 RUNSHAW PLACE
 SAN JOSE                                CA         95121           75,000
    74,975.78       14.75        224,000       172,918        3,145
 96/10/18       21/11/05          300       299       110.68
 Y       SFR          C          2
 585643492         2537175        4464 MARENGO PLACE
 LAS VEGAS                               NV         89117           37,000
    36,940.78       13.75        171,500       156,424        2,605
 96/09/23       16/10/01          240       238       112.78
 Y       SFR          C          2
 5856468621        2537176        10511 FAIRGROVE AVENUE
 LOS ANGELES                             CA         91042           40,000
    40,000.00       13.75        146,000        12,345        1,461
 96/11/27       21/12/03          300       300        35.85
 Y       SFR          C          2
 585339409         2537179        40 SCHEFFLER DRIVE
 EAST WAREHAM                            MA         02538           27,000
    26,980.65       14.50        124,500       118,435        1,353
 96/11/05       16/11/09          240       239       116.82
 Y       SFR          C          2
 585506225         2537180        8254 EAST DAVIES AVENU
 ENGLEWOOD                               CO         80112           30,000
    29,918.60       15.50        160,000       127,842        1,555
 96/10/02       16/11/01          240       239        98.65
 Y       SFR          C          2
 585207393         2537181        440 NORTH 30 EAST
 KAYSVILLE                               UT         84037           32,540
    32,420.50       14.50        115,000       103,447        1,354
 96/07/25       16/08/23          240       236       118.25
 Y       SFR          C          2
 585210186         2537182        7149 E. JENSEN
 MESA                                    AZ         85207           30,000
    29,858.70       14.99         83,300        70,797        1,320
 96/06/04       16/06/11          240       234       121.00
 Y       SFR          C          2
 585213368         2537183        3389 W. 13TH PLACE
 YUMA                                    AZ         85364           26,500
    26,442.25       14.49        159,000       156,113        2,016
 96/07/31       16/08/06          240       236       114.85
 Y       SFR          C          2
 584030517         2537184        124 KENNETH STREET
 CAMARILLO                               CA         93010           32,000
    31,939.20       14.00        179,188       177,622        1,879
 96/06/21       21/07/01          300       295       116.98
 Y       SFR          C          2

 
 584143350         2537185        39 TREYER STREET
 ROCHESTER                               NY         14621           25,000
    24,851.27       15.25         48,000        34,500          782
 96/08/31       11/09/06          180       177       123.96
 Y       SFR          C          2
 585176390         2537186        13419 E. 14TH AVENUE
 SPOKANE                                 WA         99216           25,000
    24,982.95       14.49        120,000        93,884        1,193
 96/09/09       21/09/25          300       297        99.07
 Y       SFR          C          2
 583353864         2537187        1001 COPPERFIELD COURT
 WALDORF                                 MD         20602           29,575
    29,493.98       17.00        100,000        94,794        2,140
 96/11/15       11/11/20          180       179       124.37
 Y       COND         C          2
 583616193         2537188        3505 STANLEY AVENUE
 NORTH LAS VEGAS                         NV         89030           25,000
    24,886.94       16.49         75,000        68,239        1,308
 96/02/05       16/02/13          240       230       124.32
 Y       SFR          C          2
 580165281         2537189        1715 SHAMROCK AVENUE
 UPLAND                                  CA         91786           50,840
    50,767.63       15.50        185,000       178,676        3,167
 96/10/18       11/11/20          180       179       124.06
 Y       SFR          C          2
 582982933         2537190        37304 SHEFFIELD DRIVE
 PALMDALE                                CA         93550           29,750
    29,524.19       13.50        145,000       113,719        1,915
 96/06/19       16/07/16          240       235        98.94
 Y       SFR          C          2
 5799074871        2537191        1189 CHAPTICO HELEN RO
 MECHANICSVILLE                          MD         20659           27,500
    27,404.55       15.75        155,000       123,224        1,685
 96/10/11       06/10/28          120       118        97.24
 Y       SFR          C          2
 580030533         2537192        13008 COBBLE ROAD
 CLIFTON                                 VA         22124           55,000
    54,970.35       16.50        207,000       181,000        2,958
 96/10/25       16/11/04          240       239       114.01
 Y       SFR          C          2
 580103767         2537193        290 EAST AVENUE
 SAN BRUNO                               CA         94066           75,000
    73,914.14       14.75        197,955       161,606        3,241
 96/08/26       21/09/10          300       297       119.53
 Y       SFR          C          2
 579729030         2537194        902 SPRING KNOLL DRIVE
 HERNDON                                 VA         22071           22,500
    22,487.86       15.75        230,000       211,126        3,514
 96/09/26       21/10/07          300       298       101.58
 Y       SFR          C          2
 579800607         2537195        401 VAN BUREN STREET
 HERNDON                                 VA         22070           65,000
    64,981.75       15.50        151,000       122,000        2,887
 96/11/05       21/11/12          300       299       123.84
 Y       SFR          C          2
 579805688         2537196        10813 GREEN ASH LANE
 BELTSVILLE                              MD         20705           75,000
    73,954.74       16.00        230,000       206,474        3,132
 96/10/15       21/10/23          300       298       122.38
 Y       SFR          C          2
 579561125         2537197        9104 SHERWOOD FOREST W
 UPPER MARLBORO                          MD         20772           50,000
    49,977.68       16.75        165,000       149,093        2,165
 96/09/18       21/09/27          300       297       120.66
 Y       SFR          C          2
 579620630         2537198        8763 OXWELL LANE
 LAUREL                                  MD         20708           30,000
    29,992.33       16.00        195,000       175,000        2,037
 96/11/08       21/11/14          300       299       105.13
 Y       SFR          C          2

 
 579707374         2537199        13707 LORD STERLING PL
 UPPER MARLBORO                          MD         20772           26,300
    26,262.57       15.50        115,500       108,661        1,492
 96/10/09       11/10/15          180       178       116.85
 Y       SFR          C          2
 578907154         2537200        622 WEST 36TH STREET
 LONG BEACH                              CA         90806           26,000
    25,829.43       14.25        167,000       182,235        2,223
 96/07/05       11/07/18          180       175       124.69
 Y       SFR          C          2
 578926499         2537201        2116 CATSKILL STREET
 HILLCREST HEIGHTS                       MD         20748           35,500
    35,463.89       16.50        118,000       102,000        1,754
 96/08/09       21/09/01          300       297       116.53
 Y       SFR          C          2
 579064941         2537202        4900 MCKINLEY STREET
 TEMPLE HILLS                            MD         20748           37,000
    36,982.75       17.50        185,000       157,000        2,394
 96/10/25       16/11/13          240       239       104.86
 Y       SFR          C          2
 578744954         2537203        7412 BEN DRIVE
 OXON HILL                               MD         20745           65,200
    65,131.99       16.00        203,000       180,958        2,187
 96/07/31       21/08/01          300       296       121.26
 Y       SFR          C          2
 578826587         2537204        16443 NORTH 47TH STREE
 PHOENIX                                 AZ         85032           16,000
    15,946.30       13.49        118,000       105,000        1,581
 96/08/21       16/09/01          240       237       102.54
 Y       SFR          C          2
 578907033         2537205        9952 FORESTVIEW PLACE
 GAITHERSBURG                            MD         20879           16,000
    15,986.18       17.00         87,000        85,634        1,164
 96/08/16       21/09/01          300       297       116.82
 Y       SFR          C          2
 578706754         2537206        1231 CALLE FANTASIA
 SAN MARCOS                              CA         92069           36,500
    36,487.07       14.25        143,750       138,682        1,910
 96/11/07       21/11/09          300       299       121.87
 Y       SFR          C          2
 578722318         2537207        9506 SURRATTES MANOR D
 CLINTON                                 MD         20735           67,000
    66,962.13       15.50        204,500       178,710        2,912
 96/09/19       21/10/04          300       298       120.15
 Y       SFR          C          2
 577802564         2537208        2248 CONQUEST WAY
 ODENTON                                 MD         21113           65,000
    65,000.00       16.50        192,800       163,313        2,269
 96/11/22       21/12/20          300       300       118.42
 Y       SFR          C          2
 577828725         2537209        6219 KOLB STREET
 SEAT PLEASANT                           MD         20743           20,000
    19,948.15       16.50        130,000       118,000        1,000
 96/09/27       11/10/02          180       178       106.15
 Y       SFR          C          2
 577929589         2537210        13727 LORD STERLING PL
 UPPER MARLBORA                          MD         20772           18,000
    17,986.02       16.00        107,000       105,124        1,238
 96/08/13       21/09/01          300       297       115.07
 Y       SFR          C          2
 577720680         2537211        9207 SPRING ACRES ROAD
 CLINTON                                 MD         20735           55,500
    52,259.50       15.50        154,000       135,850        1,947
 96/09/13       21/10/22          300       298       124.25
 Y       SFR          C          2
 577723229         2537212        1010 AVERY PLACE
 UPPER MARLBORO                          MD         20774           46,000
    45,868.21       15.50        184,000       182,000        2,795
 96/09/11       11/10/09          180       178       123.91
 Y       SFR          C          2

 
 577725591         2537213        4443 SWINDEN TERRACE
 UPPER MARLBORO                          MD         20772           30,800
    30,781.51       15.75        135,000       128,012        1,706
 96/10/24       16/11/07          240       239       117.64
 Y       SFR          C          2
 576742275         2537214        3715 LUISA KAYASSO LAN
 STOCKTON                                CA         95206           30,000
    29,783.76       13.49        137,990       134,962        1,868
 96/04/10       16/04/15          240       232       119.55
 Y       SFR          C          2
 576944176         2537215        1467 EARL STREET
 CORONA                                  CA         91720           45,000
    44,964.19       13.75        186,250       185,000        1,953
 96/10/21       16/11/01          240       239       123.49
 Y       SFR          C          2
 577064434         2537216        936 MACKENZIE PLACE
 COSTA MESA                              CA         92626           20,600
    20,187.92       12.99        205,000       184,175        2,921
 96/06/28       11/07/03          180       175        99.89
 Y       SFR          C          2
 576706550         2537217        11450 LIME ORCHARD LAN
 FONTANA                                 CA         92337           25,000
    24,980.47       13.75        139,950       139,950        2,024
 96/09/17       21/09/26          300       297       117.86
 Y       SFR          C          2
 576728321         2537218        588 JASMINE LANE
 SANTA MARIA                             CA         93455           18,500
    18,427.19       14.00        138,000       133,254        1,472
 96/06/14       16/07/01          240       235       109.97
 Y       SFR          C          2
 575743723         2537219        9614 EAST IVES STREET
 BELLFLOWER                              CA         90706           23,054
    19,548.95       14.75        240,000       210,000        3,319
 96/06/17       11/06/27          180       174        97.11
 Y       SFR          C          2
 576153710         2537220        9446 DENHOLM COURT
 ELK GROVE                               CA         95758           64,000
    63,923.20       15.25        200,000       185,271        3,104
 96/07/12       21/08/20          300       296       124.64
 Y       SFR          C          2
 576196455         2537221        1307 SOUTH KING ROAD
 SAN JOSE                                CA         95122           35,000
    34,990.63       15.75        165,000       130,228        1,656
 96/10/22       21/11/01          300       299       100.14
 Y       SFR          C          2
 575707401         2537222        87-147 LILIANA STREET
 WAIANAE                                 HI         96792           50,000
    49,916.55       15.50        185,000       158,882        1,311
 96/08/17       21/09/13          300       297       112.91
 Y       SFR          C          2
 575725975         2537223        136 RIVERVIEW DRIVE
 VALLEJO                                 CA         94589           50,000
    49,844.97       14.75        167,000       145,380        2,592
 96/08/22       11/10/10          180       178       116.99
 Y       SFR          C          2
 575726840         2537224        1156 VIEWPOINTE BLVD.
 RODEO                                   CA         94572           30,000
    29,915.42       14.75        180,000       161,727        2,093
 96/07/23       16/08/20          240       236       106.52
 Y       SFR          C          2
 575422753         2537225        4036 MIRA COSTA STREET
 OCEANSIDE                               CA         92056           40,500
    40,449.19       15.49        135,000       114,730        1,501
 96/09/24       16/10/01          240       238       114.99
 Y       SFR          C          2
 575500827         2537226        9099 THILOW DRIVE
 SACRAMENTO                              CA         95826           29,900
    29,888.38       13.75        168,000       131,345        1,978
 96/10/10       21/11/05          300       299        95.98
 Y       SFR          C          2

 
 575522179         2537227        18808 BLYTHE STREET
 RESEDA                                  CA         91335           40,000
    39,948.37       13.25        160,000       153,892        2,383
 96/08/19       21/09/06          300       297       121.18
 Y       SFR          C          2
 575191834         2537228        135 TASMAN PLACE
 SAN DIEGO                               CA         92114           50,000
    49,842.89       15.25        180,000       160,877        2,237
 96/07/10       16/07/17          240       235       117.15
 Y       SFR          C          2
 575340783         2537229        7385 KARA DRIVE
 SACRAMENTO                              CA         95828           34,100
    33,920.50       13.49        120,000        79,790        2,976
 96/08/02       11/09/01          180       177        94.91
 Y       SFR          C          2
 575385900         2537230        37173 FLORAL CREEK CIR
 MURRIETA                                CA         92562           68,000
    67,946.89       13.75        191,000       160,751        2,126
 96/10/12       21/10/25          300       298       119.76
 Y       SFR          C          2
 574601612         2537231        3313 NORTHEAST 133RD C
 VANCOUVER                               WA         98682           65,000
    64,980.87       15.25        110,000        61,736        1,959
 96/10/11       21/10/22          300       298       115.21
 Y       SFR          C          2
 575087953         2537232        2221 E. GRANITE CIRCLE
 MESA                                    AZ         85204           50,200
    50,182.99       14.49         88,000        59,706        1,331
 96/10/22       21/11/04          300       299       124.89
 Y       SFR          C          2
 575159290         2537233        123 ALPINE WAY
 YAKIMA                                  WA         98908           25,000
    24,985.20       15.25        105,000        82,943        1,064
 96/09/12       21/09/18          300       297       102.80
 Y       SFR          C          2
 574543710         2537234        13618 96TH AVENUE NW
 GIG HARBOR                              WA         98329           22,000
    21,944.69       14.99        110,000        79,829          984
 96/09/20       16/09/27          240       237        92.57
 Y       SFR          C          2
 574560240         2537235        18111 EAST DORCHESTER
 VILLA PARK                              CA         92667           75,000
    74,458.37       13.25        414,000       372,100        4,333
 96/07/19       11/08/01          180       176       108.00
 Y       SFR          C          2
 574304037         2537236        19363 BRIDGEWATER LANE
 RIVERSIDE                               CA         92508           40,000
    39,621.53       14.99        161,000       159,609        2,765
 96/06/08       16/06/24          240       234       123.98
 Y       SFR          C          2
 574326695         2537237        715 BEYER WAY
 SAN DIEGO                               CA         92154           18,297
    18,264.51       13.25        122,000       102,959        1,652
 96/10/26       11/11/06          180       179        99.39
 Y       SFR          C          2
 573966490         2537239        1425 EAST 7TH STREET
 ONTARIO                                 CA         91761           25,000
    24,880.78       14.00        135,000       105,000        1,667
 96/10/23       16/11/15          240       239        96.30
 Y       SFR          C          2
 574189418         2537240        1308 FIRE OPAL
 RIDGECREST                              CA         93555           42,700
    42,561.63       14.25        145,000       136,000        2,282
 96/10/09       11/10/21          180       178       123.24
 Y       SFR          C          2
 574204647         2537241        925 EVERT COURT
 PASO ROBLES                             CA         93446           75,000
    74,953.45       15.00        180,000       142,074        2,418
 96/09/06       21/10/07          300       298       120.60
 Y       SFR          C          2

 
 573944075         2537242        574 E. JOHNSTON
 HEMET                                   CA         92543           16,513
    16,372.12       13.99         72,000        72,700          872
 96/05/30       11/06/06          180       174       123.91
 Y       SFR          C          2
 573953201         2537243        122 E. I STREET
 ONTARIO                                 CA         91764           12,500
    12,483.54       14.75         95,000        87,499        1,424
 96/07/29       21/08/15          300       296       105.26
 Y       SFR          C          2
 573963976         2537244        2229 SOUTH CHERRY STRE
 MESA                                    AZ         85210           30,000
    29,909.58       14.99         85,000        73,899        1,097
 96/09/27       11/10/03          180       178       122.23
 Y       SFR          C          2
 573907056         2537245        4747 CENTRAL AVENUE
 FREMONT                                 CA         94536           25,000
    24,916.36       13.49        200,000       184,543        2,020
 96/07/24       21/08/01          300       296       104.77
 Y       SFR          C          2
 573929942         2537246        4117 SPAULDING STREET
 ANTIOCH                                 CA         94509           70,000
    69,939.58       15.25        205,000       182,428        3,096
 96/09/20       21/11/07          300       299       123.14
 Y       SFR          C          2
 573941749         2537247        3354 JUNE STREET
 SAN BERNARDINO                          CA         92405           30,000
    29,952.59       13.75         95,000        86,695        1,596
 96/07/19       21/08/02          300       296       122.84
 Y       SFR          C          2
 573900921         2537248        2139 WEST 144TH STREET
 GARDENA                                 CA         90249           26,400
    26,355.34       13.75        155,000       137,916        1,689
 96/11/13       11/11/15          180       179       106.01
 Y       SFR          C          2
 573902043         2537249        1545 96TH STREET
 LOS ANGELES                             CA         90047           26,000
    25,926.71       14.75        111,541       103,761        1,251
 96/07/31       16/08/09          240       236       116.33
 Y       SFR          C          2
 573907043         2537250        540 COVEY LANE
 TRACY                                   CA         95376           25,000
    24,966.33       14.99        151,995       144,000        1,770
 96/09/23       16/10/01          240       238       111.19
 Y       SFR          C          2
 573851990         2537251        27273 ASHFIELD PLACE
 VALENCIA CA                             CA         91351           32,000
    31,359.09       13.49        205,000       169,700        1,015
 96/07/30       11/09/07          180       177        98.39
 Y       SFR          C          2
 573857596         2537252        2225 FIFTH DRIVE
 DELANO                                  CA         93215           30,000
    29,807.95       14.50        125,000        91,358        1,050
 96/07/11       11/08/09          180       176        97.09
 Y       SFR          C          2
 573881471         2537253        3749 DURANGO STREET
 CHINO                                   CA         91710           33,000
    32,842.50       14.50        240,000       179,662        2,427
 96/08/26       11/09/05          180       177        88.61
 Y       SFR          C          2
 573778157         2537254        20633 LONGWORTH AVENUE
 LAKEWOOD                                CA         90715           20,000
    19,978.48       14.25        170,000       161,500        2,526
 96/09/09       21/09/26          300       297       106.76
 Y       COND         C          2
 573782418         2537255        19220 BELSHAW AVENUE
 CARSON                                  CA         90746           57,000
    56,890.81       13.75        165,250       147,953        2,536
 96/07/19       21/08/01          300       296       124.03
 Y       SFR          C          2

 
 573796725         2537256        433 S HIBISCUS WAY
 ANAHEIM                                 CA         92808           58,500
    58,477.28       13.75        210,000       183,043        3,122
 96/10/11       21/11/12          300       299       115.02
 Y       SFR          C          2
 573767343         2537257        23331 HOLLY DRIVE
 MURRIETA                                CA         92562           48,000
    47,912.22       14.50        193,500       183,800        2,518
 96/10/25       21/11/01          300       299       119.79
 Y       SFR          C          2
 573767939         2537258        1765 W. GETTYSBURG AVE
 FRESNO                                  CA         93705           25,000
    24,361.48       13.75         63,000        46,378          968
 96/07/18       21/07/15          300       295       113.30
 Y       SFR          C          2
 573728008         2537259        21236 NECTAR AVENUE
 LAKEWOOD                                CA         90715           31,591
    31,553.08       15.25        197,000       198,574        4,261
 96/07/17       21/08/15          300       296       116.84
 Y       SFR          C          2
 573728523         2537260        14112 IPSWICH DRIVE
 WESTMINISTER                            CA         92683           75,000
    74,959.38       13.75        265,000       229,888        2,952
 96/11/09       21/11/28          300       299       115.05
 Y       SFR          C          2
 573762851         2537261        3331 HURON DRIVE
 ROSAMOND                                CA         93560           30,000
    29,940.55       14.50        103,400        98,916        1,746
 96/09/17       16/10/03          240       238       124.68
 Y       SFR          C          2
 573705483         2537262        7570 SEINE AVENUE
 HIGHLAND                                CA         92346           40,000
    39,794.81       14.99        131,750       123,885        3,584
 96/04/26       16/05/03          240       233       124.39
 Y       SFR          C          2
 573705862         2537263        3885 SHADOW GROVE ROAD
 PASADENA                                CA         91107           37,000
    36,664.12       13.25        330,000       337,945        4,118
 96/06/20       11/07/03          180       175       113.62
 Y       SFR          C          2
 573723379         2537264        1789 SHAMROCK
 UPLAND                                  CA         91786           50,000
    49,987.19       15.99        200,000       181,032        2,216
 96/10/16       21/11/01          300       299       115.52
 Y       SFR          C          2
 573686159         2537265        43326 CALLE NACIDO
 TEMECULA                                CA         92592           40,000
    39,670.05       14.25        195,000       160,839        2,556
 96/06/10       11/06/26          180       174       102.99
 Y       SFR          C          2
 573686351         2537266        320 OAK HILL STREET
 ONTARIO                                 CA         91761           45,000
    44,819.37       16.25        150,000       132,867        2,414
 96/09/13       11/09/26          180       177       118.58
 Y       SFR          C          2
 573687145         2537267        1757 CHANDON WAY
 OAKLEY                                  CA         94561           15,500
    15,135.83       13.75        163,000       151,000        2,791
 96/10/03       01/10/15           60        58       102.15
 Y       SFR          C          2
 5736064501        2537268        8167 VINEYARD AVENUE #
 RANCHO CUCAMONGA                        CA         91730           23,000
    22,845.41       14.00         95,000        95,646        2,052
 96/08/12       11/08/15          180       176       124.89
 Y       SFR          C          2
 573614235         2537269        1245 GOMER STREET
 HAYWARD                                 CA         94544           40,000
    39,780.74       13.99        190,000       174,681        3,175
 96/06/10       16/06/14          240       234       112.99
 Y       SFR          C          2

 
 573642008         2537270        11179 STARVIEW COURT
 RANCHO CUCAMONGA                        CA         91737           49,000
    48,902.64       13.75        289,000       284,011        5,731
 96/06/24       21/07/19          300       295       115.23
 Y       SFR          C          2
 573533540         2537271        1605 7TH STREET
 LOS OSOS                                CA         93402           25,000
    24,965.19       14.75        170,000       154,871        1,928
 96/09/25       16/10/04          240       238       105.81
 Y       SFR          C          2
 573572401         2537272        1438 WEST ALRU STREET
 RIALTO                                  CA         92376           50,000
    49,932.78       15.00        133,000        98,579        2,692
 96/09/05       16/10/04          240       238       111.71
 Y       SFR          C          2
 573593860         2537273        23809 GARLAND COURT
 VALENCIA                                CA         91354           52,000
    51,779.80       13.75        250,000       188,127        3,648
 96/10/17       21/11/01          300       299        96.05
 Y       SFR          C          2
 573503417         2537274        1225 WEST FIR AVENUE
 OXNARD                                  CA         93033           61,000
    60,960.68       15.25        145,000       118,000        1,913
 96/10/21       16/11/13          240       239       123.45
 Y       SFR          C          2
 573512211         2537275        879 ROCK SPRINGS ROAD
 SAN MARCOS                              CA         92069           40,000
    39,655.45       14.99        143,000       119,905        2,250
 96/05/16       16/05/23          240       233       111.82
 Y       SFR          C          2
 573533391         2537276        38 CALLE DE LOS NINOS
 RANCHO SANTA MARGARITA                  CA         92688           30,000
    29,964.62       15.00        147,980       146,000        1,860
 96/08/09       21/08/15          300       296       118.93
 Y       SFR          C          2
 573479455         2537277        3309 LOWTHER WAY
 ANTELOPE                                CA         95843           17,000
    16,867.90       13.99        135,000       123,940        2,527
 96/09/30       06/10/04          120       118       104.40
 Y       SFR          C          2
 573492526         2537278        111 SNOW BAR COURT
 FOLSOM                                  CA         95630           35,000
    34,747.77       15.99        175,000       139,594        2,530
 95/12/20       16/01/03          240       229        99.77
 Y       SFR          C          2
 573503054         2537279        27212 OAKGALE AVENUE
 CANYON COUNTRY                          CA         91351           43,000
    42,968.09       14.25        175,000       169,718        2,982
 96/10/18       16/11/15          240       239       121.55
 Y       SFR          C          2
 573472879         2537280        1219 CABERNET DRIVE
 GONZALES                                CA         93926           38,000
    36,711.67       15.75        174,000       150,000        2,222
 96/07/10       03/07/22           84        79       108.05
 Y       SFR          C          2
 573473191         2537281        830 JESSICA WAY
 SAN JACINTO                             CA         92583           28,500
    28,312.90       15.25        108,000       105,384        2,145
 96/07/29       11/08/08          180       176       123.97
 Y       SFR          C          2
 573477874         2537282        15 EMBASSY PLACE
 FOOTHILL RANCH                          CA         92610           40,000
    39,872.06       14.99        183,300       182,124        2,874
 96/05/23       16/06/13          240       234       121.18
 Y       SFR          C          2
 573418199         2537283        6509 LAKEVIEW DRIVE
 FRAZIER PARK                            CA         93225           35,000
    34,894.20       14.25        150,500       132,900        2,793
 96/07/09       16/07/24          240       235       111.56
 Y       SFR          C          2

 
 573450665         2537284        2573 EAST BOTTLE TREE
 PALMDALE                                CA         93550           40,000
    39,786.99       13.25        153,000       100,213        1,845
 96/09/01       16/08/01          240       236        91.64
 Y       SFR          C          2
 573470161         2537285        8115 PARAMOUNT ROAD
 PHELAN                                  CA         92392           35,600
    35,574.63       14.25        122,500       117,376        1,643
 96/08/19       21/09/12          300       297       124.88
 Y       SFR          C          2
 573334709         2537286        1324 SOUTH FERN AVENUE
 ONTARIO                                 CA         91762           23,000
    22,991.06       13.75        128,000       126,108        1,728
 96/10/23       21/11/15          300       299       116.49
 Y       SFR          C          2
 573371805         2537287        1925 SHAMROCK AVENUE
 PALMDALE                                CA         93550           33,500
    32,760.56       14.49        140,914       142,211        1,762
 96/04/12       16/04/17          240       232       124.69
 Y       SFR          C          2
 573414681         2537288        1534 BARONET PLACE
 FULLERTON                               CA         92633           25,000
    25,000.00       14.00        305,000       275,907        4,952
 96/11/19       11/12/26          180       180        98.66
 Y       SFR          C          2
 573311373         2537289        675 PARIS STREET
 SAN FRANCISCO                           CA         94112           50,000
    49,841.89       14.50        216,912       164,091        2,135
 96/08/16       11/10/07          180       178        98.70
 Y       SFR          C          2
 573312110         2537290        2909 SOUTH MILDRED PLA
 ONTARIO                                 CA         91761           50,000
    50,000.00       13.75        133,000       108,164        3,559
 96/11/22       21/12/15          300       300       118.92
 Y       SFR          C          2
 573315838         2537291        1418 COTTONWOOD STREET
 ONTARIO                                 CA         91761           58,000
    57,610.28       14.00        150,000       121,189        2,218
 96/07/10       11/08/06          180       176       119.46
 Y       SFR          C          2
 573252400         2537292        14813 HICKSVILLE ROAD
 CLEAR SPRINGS                           MD         21722           52,000
    52,000.00       16.50        115,000        87,000        1,631
 96/11/05       21/12/20          300       300       120.87
 Y       SFR          C          2
 573273337         2537293        3085 NORTH ASHFORD
 RIALTO                                  CA         92377           25,000
    24,621.82       14.99        153,000       148,770        1,978
 96/02/11       16/02/15          240       230       113.58
 Y       SFR          C          2
 573298311         2537294        4134 ROGERS STREET
 LOS ANGELES                             CA         90063           27,500
    27,373.86       14.25        101,000        97,192        1,166
 96/06/19       16/06/27          240       234       123.46
 Y       SFR          C          2
 573209367         2537295        3073 E. AVENUE R-6
 PALMDALE                                CA         93550           40,000
    39,794.69       13.75        110,845        89,645        1,714
 96/07/30       11/09/05          180       177       116.96
 Y       SFR          C          2
 573216602         2537296        1501 GREEN OAK ROAD
 VISTA                                   CA         92083           38,000
    37,809.41       13.99        170,000       148,861        2,363
 96/08/27       11/09/20          180       177       109.92
 Y       SFR          C          2
 573237937         2537297        14703 FLORITA ROAD
 LA MIRADA                               CA         90638           70,000
    69,917.50       13.75        179,000       153,143        2,258
 96/08/06       21/09/01          300       297       124.66
 Y       SFR          C          2

 
 573150342         2537298        9423 CLOUGH CANYON RD.
 REDDING                                 CA         96003           23,000
    22,706.74       14.49        139,900       135,632        1,539
 96/04/29       11/05/09          180       173       113.39
 Y       SFR          C          2
 573154508         2537299        720 W 4TH STREET 116
 LONG BEACH                              CA         90802           30,000
    29,915.42       14.75        105,000        75,000        1,177
 96/07/04       16/08/01          240       236       100.00
 Y       COND         C          2
 573195966         2537300        3537 MERCURY #E
 NORTH LAS VEGAS                         NV         89030           17,000
    16,975.05       14.50         48,000        42,662          630
 96/07/19       21/07/24          300       295       124.30
 Y       SFR          C          2
 573119818         2537301        4608 CORITA PLACE
 REDDING                                 CA         96001           21,500
    21,399.88       14.75        125,000       121,370        1,605
 96/07/23       11/09/09          180       177       114.30
 Y       SFR          C          2
 573136481         2537302        4616 SPARTA WAY
 NORTH LAS VEGAS                         NV         89030           30,000
    29,783.76       14.49        105,000        95,277        1,455
 96/06/21       21/08/28          300       296       119.31
 Y       SFR          C          2
 573118611         2537303        4965 CRESCENT STREET
 SAN BERNARDINO                          CA         92407           30,000
    29,886.86       13.75        117,000        93,069        1,259
 96/09/19       11/10/01          180       178       105.19
 Y       SFR          C          2
 573119450         2537304        14475 ROCK PLACE
 RIVERSIDE                               CA         92503           28,000
    27,793.27       13.25        126,488       121,301        1,330
 96/06/20       11/07/18          180       175       118.04
 Y       SFR          C          2
 573081365         2537305        18804 PEPPERDINE DRIVE
 CARSON                                  CA         90746           75,000
    74,914.59       14.75        315,000       289,476        2,786
 96/08/10       21/08/27          300       296       115.71
 Y       SFR          C          2
 573111369         2537306        735 N. SUTTER
 SAN BERNARDINO                          CA         92410           20,000
    19,859.13       13.99        115,000       103,184        1,725
 96/06/22       16/06/28          240       234       107.12
 Y       SFR          C          2
 573112881         2537307        907 EAST PALM DRIVE
 COLTON                                  CA         92324           38,000
    37,974.08       14.49         92,000        73,002        1,991
 96/09/27       21/10/04          300       298       120.65
 Y       SFR          C          2
 573060480         2537308        206 THOMAS DRIVE
 LOS GATOS                               CA         95032           34,000
    33,942.48       13.75        210,000       201,000        2,856
 96/11/07       11/11/12          180       179       111.90
 Y       SFR          C          2
 573065036         2537309        2999 BAYER DRIVE
 MARINA                                  CA         93933           48,335
    48,260.26       14.00        190,000       189,165        2,974
 96/10/05       16/10/16          240       238       125.00
 Y       SFR          C          2
 573081293         2537310        5205 PALMERA DRIVE
 OCEANSIDE                               CA         92056           70,000
    69,895.48       14.25        239,000       226,741           44
 96/10/05       16/10/15          240       238       124.16
 Y       SFR          C          2
 647332020         2537311        8173 DEARBORN AVENUE
 SOUTHGATE                               CA         90280           23,010
    22,931.07       14.99        160,000       133,807        2,023
 96/06/14       16/07/16          240       235        98.01
 Y       SFR          T          2

 
 626015605         2537312        1142 NORTH RIMSDALE AV
 COVINA                                  CA         91722           25,000
    24,638.62       11.99        157,000       154,300        1,566
 96/05/10       11/05/21          180       173       114.20
 Y       SFR          T          2
 626074149         2537313        628 EAST REDONDO BEACH
 COMPTON                                 CA         90220           15,000
    14,866.08       10.99         95,000       100,000        1,125
 96/07/15       11/08/09          180       176       121.05
 Y       SFR          T          2
 624266721         2537314        450 EAST 4TH STREET #3
 SANTA ANA                               CA         92701           15,000
    14,924.78       13.99         88,000        77,757        1,283
 96/08/15       11/09/15          180       177       105.41
 Y       SFR          T          2
 625485460         2537315        1131 WEST CHANNEL ISLA
 OXNARD                                  CA         93033           25,000
    25,000.00       12.99        135,000       133,343        3,464
 96/11/15       16/12/15          240       240       117.29
 Y       SFR          T          2
 625605131         2537316        25771 VIA LOMA #157
 LAGUNA HILLS                            CA         92653           25,000
    24,638.62       11.99        200,000        99,900        1,748
 96/04/11       11/05/01          180       173        62.45
 Y       SFR          T          2
 6231663772        2537317        4540 CHAMPAGNE COURT
 RIVERSIDE                               CA         92505           15,000
    14,602.70       11.99        120,000        92,833        1,520
 96/05/16       11/05/21          180       173        98.19
 Y       SFR          T          3
 623248575         2537318        228 PAMELA ROAD
 MONROVIA                                CA         91016           25,000
    24,744.45       11.99        129,000       121,685        2,021
 96/05/17       11/07/08          180       175       113.71
 Y       SFR          T          2
 624180688         2537319        1917 DEER CREEK ROAD
 SAN BERNARDINO                          CA         92410           15,000
    14,973.35       12.99        110,000        71,702        1,157
 96/08/29       16/10/02          240       238        78.82
 Y       SFR          T          2
 621228192         2537320        406 EAST 90TH STREET
 LOS ANGELES                             CA         90003           15,000
    14,846.70       11.99        110,000        88,659        1,163
 96/06/26       11/07/12          180       175        94.24
 Y       SFR          T          2
 623128356         2537321        10420 CARLYLE COURT
 CYPRESS                                 CA         90630           20,000
    19,866.69       10.99        200,000       101,695        2,062
 96/08/20       11/09/01          180       177        60.85
 Y       COND         T          2
 623141624         2537322        11115 RUNNYMEDE STREET
 SUN VALLEY                              CA         91352           25,000
    24,923.84       11.99        156,000       153,170        1,819
 96/07/09       16/08/19          240       236       114.21
 Y       SFR          T          2
 617503771         2537323        8566 SANTA FE AVENUE
 HUNTINGTON PARK                         CA         90255           10,000
     9,887.88       10.99        200,000       169,530        1,606
 96/06/27       11/07/22          180       175        89.77
 Y       SFR          T          2
 620121233         2537325        2096 BARNETT ROAD
 LOS ANGELES                             CA         90032           25,000
    25,000.00       12.99        107,000       105,982        1,695
 96/11/08       11/12/15          180       180       122.41
 Y       SFR          T          2
 617075502         2537326        8724 RALPH STREET
 ROSEMEAD                                CA         91770           13,000
    12,959.28       13.99        201,380       134,633        1,058
 96/07/18       16/08/09          240       236        73.31
 Y       SFR          T          2

 
 617123266         2537327        5904 MAMMOTH AVENUE
 VAN NUYS                                CA         91401           25,000
    24,744.80       13.99        350,000       284,802        6,335
 96/04/30       11/06/01          180       174        88.51
 Y       SFR          T          3
 617482785         2537328        7001 SPRUCE STREET
 WESTMINSTER                             CA         92683           25,000
    24,850.84       13.50        146,000       139,111        2,373
 96/04/04       16/05/08          240       233       112.40
 Y       SFR          T          2
 615079941         2537329        7502 LOCH ALENE AVENUE
 PICO RIVERA                             CA         90660           22,000
    22,000.00       12.99        170,000       149,697        2,925
 96/11/14       11/12/15          180       180       101.00
 Y       SFR          T          2
 615103180         2537330        2855 COLIMA ROAD
 SAN BERNARDINO                          CA         92405           25,000
    24,889.41       10.99        109,950       108,390          801
 96/09/20       11/10/07          180       178       121.32
 Y       SFR          T          2
 616484047         2537331        3 RAVEN HILL LANE #16
 LAGUNA HILLS                            CA         92653           25,000
    24,831.85       13.99        176,000       128,039        1,543
 96/07/23       11/08/14          180       176        86.95
 Y       COND         T          2
 615015947         2537332        3900 WEST HAZARD AVENU
 SANTA ANA                               CA         92703           10,000
     9,841.59       10.99        102,500       112,000        1,310
 96/04/08       11/05/14          180       173       119.02
 Y       COND         T          2
 615037696         2537333        4114 AND 4114 1/2 EAST
 MAYWOOD                                 CA         90270           12,000
    11,967.83       12.99        199,000       179,000          844
 96/08/16       16/09/03          240       237        95.98
 Y       SFR          T          2
 613787873         2537334        25607 CORSICA WAY
 YORBA LINDA                             CA         92687           25,000
    24,912.85       13.50        220,000       197,100        3,662
 96/08/22       11/10/25          180       178       100.95
 Y       SFR          T          2
 6140379341        2537335        2128 SOUTH SYCAMORE ST
 SANTA ANA                               CA         92707           15,000
    14,839.54       13.50        124,000       123,262        1,037
 96/05/14       11/05/28          180       173       111.50
 Y       SFR          T          2
 614804540         2537336        10454 HOLE AVENUE
 RIVERSIDE                               CA         92505           15,000
    14,740.00        9.99        125,000        96,834        1,004
 96/04/17       11/05/09          180       173        89.47
 Y       SFR          T          2
 612125669         2537337        774 EAST RIO GRANDE ST
 PASADENA                                CA         91104           25,000
    25,000.00       11.99        188,700       180,821        1,238
 96/11/13       16/12/02          240       240       109.07
 Y       SFR          T          2
 6121466881        2537338        5477 OLIVE AVENUE
 LONG BEACH                              CA         90805           15,000
    14,815.11       11.99        120,000       112,079        1,375
 96/05/16       11/05/28          180       173       114.23
 Y       SFR          T          3
 613265692         2537339        1310 & 1312 W. 85TH ST
 LOS ANGELES                             CA         90043           25,000
    24,896.44       14.99        170,000       119,000        2,659
 96/06/14       16/06/28          240       234        84.71
 Y       SFR          T          2
 609448293         2537340        4506 WEST OAKFIELD AVE
 SANTA ANA                               CA         92703           24,916
    24,560.05       13.99        154,000       145,869        1,961
 96/06/07       11/06/19          180       174       110.90
 Y       SFR          T          2

 
 611109137         2537341        5030 SQUIRES DRIVE
 OXNARD                                  CA         93033           17,500
    17,382.28       13.99        165,000       154,115        1,557
 96/07/05       11/08/01          180       176       104.01
 Y       SFR          T          2
 611765969         2537342        333 WESTMINSTER AVENUE
 LOS ANGELES                             CA         90020           25,000
    24,714.75       14.50        200,000       139,441        2,096
 96/05/16       11/06/01          180       174        82.22
 Y       COND         T          2
 540769781         2537366        16635 TRAIL DRIVE
 MORGAN HILL                             CA         95037           75,000
    74,603.09       13.50        401,735       359,000        4,427
 96/08/14       11/09/18          180       177       108.03
 Y       SFR          C          2
 223722211         2537367        525 BOBBYS LANE
 HOLLISTER                               CA         95023           71,000
    70,882.36       13.50        262,891       220,902        2,876
 96/09/18       16/10/01          240       238       111.04
 Y       SFR          C          2
 577747627         2537470        1827 SOUTH STREET SOUT
 WASHINGTON                              DC         20020           40,400
    40,328.00       16.50         99,500        83,972        2,193
 96/10/18       11/11/14          180       179       125.00
 Y       SFR          C          2
 545216288         2537471        571 SOUTH "N" STREET
 LIVERMORE                               CA         94550           25,000
    25,000.00       13.75        169,000       142,850        1,805
 96/11/27       07/01/03          120       120        99.32
 Y       SFR          C          2
 558556718         2537472        918 SOUTH "H" STREET
 OXNARD                                  CA         93030           40,000
    39,938.67       14.75        140,000       117,042        1,629
 96/10/18       11/11/20          180       179       112.17
 Y       SFR          C          2



                         
[NY01B:300369.2]  16069-00376  01/30/97 4:25pm

<PAGE>



                                    EXHIBIT B
                            LIMITED POWER OF ATTORNEY

KNOW ALL MEN BY THESE PREMISES:

That The Chase Manhattan Bank, as Indenture  Trustee (the "Trustee"),  under the
Indenture (the "Indenture") among  ________________________________________  and
the Indenture  Trustee,  a organized and existing under the laws of the State of
New York, and having an office  located at 450 West 33rd Street,  in the City of
New York, State of New York, 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 Mortgage
Loan and promissory  notes secured thereby (the "Mortgage  Notes") for which the
undersigned  is acting as Trustee for various  certificateholders  (whether  the
undersigned is named therein as mortgagee or beneficiary or has become mortgagee
by virtue of  indorsement  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  only  to  transactions  which  the  Trustee  is
authorized to enter into under the Indenture, but in no event shall apply to any
transactions other than 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  satisfaction/releases,  partial
         reconveyances  or the  execution of requests to trustees to  accomplish
         same.

3.       The qualified  subordination of the lien of a Mortgage or Deed of Trust
         to a lien  of a  creditor  that  is  created  in  connection  with  the
         refinancing  of a debt  secured by seller that was superior to the lien
         of the Mortgage or Deed of Trust.

4.       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:

[NY01B:300369.2]  16069-00376  01/30/97 4:25pm

<PAGE>




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;

c.Notices of default;

d.Cancellations/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.

5.       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.

6.       The completion of loan assumption agreements.

7.       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.

8.       The  assignment  of any  Mortgage  or Deed  of  Trust  and the  related
         Mortgage  Note, in connection  with the repurchase of the Mortgage Loan
         secured  and  evidenced  thereby  pursuant  to  the  requirements  of a
         Residential  Funding  Corporation  Seller  Contract,   including,  with
         limitation, by reason of conversion of an adjustable rate mortgage loan
         from a variable rate to a fixed rate.

9.       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.



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<PAGE>



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,  not to its  individual  capacity,  by  solely
Indenture Trustee under the Agreements and the Indentures



Name:                                                         Name:
Title:                                                        Title:


[NY01B:300369.2]  16069-00376  01/30/97 4:25pm

<PAGE>




STATE OF                            )
                                    SS.
COUNTY OF                  )


         On this __th day of January,  1997,  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


After recording, please mail to:



Attn:

[NY01B:300369.2]  16069-00376  01/30/97 4:25pm

<PAGE>


                                    EXHIBIT C
                           FORM OF REQUEST FOR RELEASE

DATE:

TO:

RE:               REQUEST FOR RELEASE OF DOCUMENTS

In connection  with your  administration  of the Mortgage  Loans, 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)      Mortgage 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

[NY01B:300369.2]  16069-00376  01/30/97 4:25pm

<PAGE>




                RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC.

                                  as Depositor



                                       and



                            WILMINGTON TRUST COMPANY

                                as Owner Trustee


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

                              AMENDED AND RESTATED
                                 TRUST AGREEMENT

                          Dated as of January 30, 1997

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



                         Home Loan-Backed Certificates,
                                 Series 1997-HI1









[NY01:244536.6]  16069-00376  01/29/97 10:52pm

<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...............................  3
       ----------------------------
2.05.  Initial Capital Contribution of Owner Trust Estate.........  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
3.01.  Conveyance of the Mortgage Loans...........................  7
       --------------------------------
3.02.  Initial Ownership..........................................  7
       -----------------
3.03.  The Certificates...........................................  7
       ----------------
3.04.  Authentication of Certificates.............................  7
       ------------------------------
3.05.  Registration of and Limitations on Transfer and Exchange of
       -----------------------------------------------------------
       Certificates...............................................  8
       ------------
3.06.  Mutilated, Destroyed, Lost or Stolen Certificates.......... 10
       -------------------------------------------------
3.07.  Persons Deemed Certificateholders.......................... 11
       ---------------------------------
3.08.  Access to List of Certificateholders' Names and Addresses.. 11
       ---------------------------------------------------------
3.09.  Maintenance of Office or Agency............................ 11
       -------------------------------
3.10.  Certificate Paying Agent................................... 11
       ------------------------
       Section 3.11.        Ownership by RFC Asset Holdings, Inc.. 13
                            ------------------------------------
3.12.  Subrogation and Cooperation................................ 13
       ---------------------------
       Section 3.13.        Additional Classes of Certificates.... 13
                            ----------------------------------

                   ARTICLE IV

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

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                                                    i

<PAGE>


Section                                                              Page


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............................................. 19
      --------------------
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
      ------------------------------
8.02. Termination upon Bankruptcy of the Holder of the Designated
      -----------------------------------------------------------
      Certificate...................................................... 28
      -----------
8.03. Distribution of Assets on Termination Resulting from an Event of
      ----------------------------------------------------------------
      Liquidation...................................................... 28


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                                                    ii

<PAGE>



                          ARTICLE IX

    Successor Owner Trustees and Additional Owner Trustees
9.01. Eligibility Requirements for Owner Trustee...................... 30
      ------------------------------------------
9.02. Replacement of Owner Trustee.................................... 30
      ----------------------------
9.03. Successor Owner Trustee......................................... 31
      -----------------------
9.04. Merger or Consolidation of Owner Trustee........................ 31
      ----------------------------------------
9.05. Appointment of Co-Trustee or Separate Trustee................... 31
      ---------------------------------------------

                   ARTICLE X

                 Miscellaneous
10.01 Amendments...................................................... 33
      ----------
10.02 No Legal Title to Owner Trust Estate............................ 34
      ------------------------------------
10.03 Limitations on Rights of Others................................. 34
      -------------------------------
10.04 Notices......................................................... 35
      -------
10.05 Severability.................................................... 35
      ------------
10.06 Separate Counterparts........................................... 35
      ---------------------
10.07 Successors and Assigns.......................................... 35
      ----------------------
10.08 No Petition..................................................... 35
      -----------
10.09 No Recourse..................................................... 36
      -----------
10.10 Headings........................................................ 36
      --------
10.11 GOVERNING LAW................................................... 36
      -------------
10.12 Integration..................................................... 36
      -----------
10.13 Rights of Credit Enhancer To Exercise Rights of Certificateholders.36
      ------------------------------------------------------------------

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


EXHIBIT

Exhibit A - Form of Certificate...........................................A-1
Exhibit B - Certificate of Trust of Residential Home
                             Loan Trust 1997-HI1 .........................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


[NY01:244536.6]  16069-00376  01/29/97 10:52pm
                                       iii

<PAGE>



         This Amended and Restated Trust Agreement, dated as of January 30, 1997
(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:

         WHEREAS,  the  Depositor  and the Owner  Trustee  entered  into a trust
agreement  dated as of January 16, 1997, in  connection  with the formation of a
Delaware business trust (the "Original Trust Agreement");

     WHEREAS,  the Depositor and the Owner Trustee wish to amend and restate the
Original Trust Agreement;
         NOW,  THEREFORE,  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  dated  January 30, 1997
(the  "Indenture"),  between Home Loan Trust 1997-HI1,  as issuer, and The Chase
Manhattan Bank, as indenture  trustee.  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.


[NY01:244536.6]  16069-00376  01/29/97 10:52pm

<PAGE>



         (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;  Article,
Section and Exhibit references  contained in this Trust Agreement are references
to  Articles,  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.

         (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.

[NY01:244536.6]  16069-00376  01/29/97 10:52pm
                                                         2

<PAGE>



                                   ARTICLE II

                                  Organization

         Section  2.01.  Name.  The  trust  shall be known as "Home  Loan  Trust
1997-HI1"  (the  "Trust"),  in which  name the Owner  Trustee  may engage in the
transactions   contemplated   hereby,  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 Mortgage Loans and to pay the organizational, start-up
and transactional expenses of the Trust;

                  (iii) to  assign,  grant,  transfer,  pledge  and  convey  the
         Mortgage  Loans  pursuant  to the  Indenture  and to hold,  manage  and
         distribute  to the  Certificateholders  pursuant  to  Section  5.01 any
         portion of the Mortgage  Loans  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; 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.

     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.

[NY01:244536.6]  16069-00376  01/29/97 10:52pm
                                                         3

<PAGE>



         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 Trust,  the receipt in trust of the Mortgage Loans
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 Owner Trust under the Basic  Documents.  It is
the intention of the parties  hereto that the Owner 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 federal,  state and local income and franchise
tax purposes, the Owner 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  federal,  state  and local  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 Owner  Trust  will  file or cause to be filed  annual or other
necessary returns,  reports and other forms consistent with the characterization
of the Owner 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 Owner 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 Owner 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 Owner  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 Owner
Trust. In addition,  any third party creditors of the Owner 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 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.


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         (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.

                     (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,

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<PAGE>



         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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                                   ARTICLE III

                        Conveyance of the Mortgage Loans;
                                  Certificates

         Section  3.01.   Conveyance  of  the  Mortgage  Loans.  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 Mortgage  Loans.  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 Mortgage Loans. 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  Mortgage  Loans  pursuant  to  Section  3.01  and  the  issuance  of the
Certificates, the Depositor shall be the sole Certificateholder.

     Section 3.03. The Certificates. The Certificates shall be issued in minimum
denominations of a 1.00% Certificate  Percentage Interest and integral multiples
of a 0.01% Certificate Percentage Interest in excess thereof.

         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.

         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.

     Section  3.04.  Authentication  of  Certificates.   Concurrently  with  the
acquisition  of the  Mortgage  Loans by the  Trust,  the  Owner  Trustee  or the
Certificate   Paying  Agent  shall  cause  the   Certificates  in  an  aggregate
Certificate Percentage Interest of 100.00% to be executed on behalf

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<PAGE>



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.

         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.

         Except as described below, 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.  Each
Certificateholder  establishing  its  non-foreign  status  shall  submit  to the
Certificate Paying Agent an additional Certificate of Non-Foreign Status and IRS
Form W-9 no later than the end of the third year after the  taxable  year of the
partnership in which the initial  Certificate of Non-Foreign Status and IRS Form
W-9 is  submitted  and no later than the end of the third year after the taxable
year of the partnership during which

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<PAGE>



each such  additional  Certificate  of  Non-Foreign  Status  and IRS Form W-9 is
submitted, or at such times as the IRS may hereafter require.

         A  Certificate  may be  transferred  to a  Certificateholder  unable to
establish its non-foreign status as described in the preceding paragraph only if
such Certificateholder  provides an Opinion of Counsel, which Opinion of Counsel
shall not be an  expense  of the  Trust,  the  Owner  Trustee,  the  Certificate
Registrar  or the  Depositor,  satisfactory  to the  Depositor  and  the  Credit
Enhancer,  that such  transfer  (1) will not  affect the tax status of the Owner
Trust and (2) will not adversely affect the interests of any  Certificateholder,
Noteholder or the Credit Enhancer, including, without limitation, as a result of
the  imposition  of any United  States  federal  withholding  taxes on the Trust
(except to the extent that such  withholding  taxes would be payable solely from
amounts   otherwise   distributable   to  the  Certificate  of  the  prospective
transferee).  If such transfer occurs and such foreign Certificateholder becomes
subject to such United States federal  withholding taxes, any such taxes will be
withheld  by the  Indenture  Trustee at the  direction  of the Trust Tax Matters
Person.

         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  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 Trust, 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
Trust, the Owner Trustee, the Certificate Registrar,  the Master Servicer or 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.  If the  Certificateholder is unable to
provide a Certificate of Non-Foreign Status, the Certificateholder  must provide
an  Opinion  of  Counsel  as  described   in  the   preceding   paragraph.   The
Certificateholder  desiring to effect such transfer shall, and does hereby agree
to, indemnify the Trust, the Owner Trustee, the

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<PAGE>



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 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
Trust  to  be  classified  as  a  publicly  traded  partnership,  taxable  as  a
corporation  for federal  income tax  purposes by causing the Trust to have more
than 100 Certificateholders at any time during the taxable year of the Trust.

         In addition, no transfer, sale, assignment, pledge or other disposition
of a Certificate shall be made unless the proposed transferee certifies, in form
and  substance  reasonably  satisfactory  to the  Certificate  Registrar and the
Depositor  that (1) the  transferee  is acquiring  the  Certificate  for its own
behalf and is not acting as agent or custodian for any other person or entity in
connection  with such  acquisition  and (2) the transferee is not a partnership,
grantor trust or S corporation for federal income tax purposes.

     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

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<PAGE>



(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 Trust from harm, 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 Certificate 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 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.

         Section  3.09.  Maintenance  of Office or Agency.  The Owner Trustee on
behalf of the Trust, shall maintain in 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 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

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<PAGE>



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) 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.

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<PAGE>




         (c) 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 on the Certificates
from moneys on deposit in the Certificate Distribution Account.

     Section 3.11. Ownership by RFC Asset Holdings, Inc. (a) RFC Asset Holdings,
Inc.  shall on the Closing  Date  purchase a  Certificate  representing  a 1.00%
Certificate   Percentage   Interest  of  the   Certificates   (the   "Designated
Certificate") and shall thereafter retain beneficial and record ownership of the
Designated Certificate. The Owner Trustee shall cause the Designated Certificate
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."
 local
income  and  franchise  tax  purposes,  be treated  as the  general  partnership
interest of the Owner  Trust in  accordance  with  Sections  2.06 and 2.07.  The
Designated  Certificate shall not be transferred by RFC Asset Holdings,  Inc. or
any subsequent  Holder unless (i) the transferee  shall be either (1) the Seller
or 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,  (ii)
the applicable  provisions of Section 3.05 are satisfied,  (iii) the Certificate
Registrar  receives an Opinion of Counsel to the effect that the transfer of the
Designated  Certificate  shall not cause the  Owner  Trust to be  subject  to an
entity level tax and (iv) the Rating Agencies shall consent to such transfer.

         Section  3.12.   Subrogation   and   Cooperation.   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
Notes, the Credit Enhancer will be fully subrogated to the rights of the holders
of the Notes to receive such principal and interest from the Trust, 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 Indenture and in the Insurance
Agreement for the payment of such principal and interest.

         The Owner 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 this Trust Agreement.

         Section 3.13.  Additional  Classes of  Certificates.The  Issuer and the
Owner Trustee shall, as directed by the Holders of Certificates  which represent
not less than 100% of the Certificate  Percentage Interests thereof,  amend this
Trust Agreement and the Certificate of Trust, as appropriate, for the purpose of
providing  for the issuance of one or more  additional  Classes of  Certificates
entitled to  payments  derived  solely from all or a portion of the  payments to
which  the  Certificates  issued on the  Closing  Date are  entitled;  provided,
however,  that such action shall not, as evidenced by an Opinion of Counsel, (i)
adversely affect in any material respect the

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<PAGE>



interests of any  Noteholder or the Credit  Enhancer or (ii) cause the Issuer to
be subject to an entity level tax.  Each such Class of  Certificates  shall be a
non-recourse  obligation  of the Issuer and shall be entitled  to  interest  and
principal in such amounts,  and to such security for the repayment  thereof,  as
shall be specified in such amendment or amendments. Promptly after the execution
by the Issuer and the Owner Trustee of any  amendments  pursuant to this Section
3.13 and the  issuance  of the  related  Class or Classes of  Certificates,  the
Issuer  shall  require  the Owner  Trustee to give  notice to the Holders of the
Certificates  setting forth in general terms the substance of the  provisions of
such  amendment.  Any failure of the Owner  Trustee to provide such notice as is
required under this paragraph, or any defect therein, shall not, however, in any
way impair or affect the validity of such amendment or any Class of Certificates
issued pursuant thereto.

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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.

     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 Certificate
Percentage  Interests 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  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.

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         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 to prepare or file 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  Certificate  Percentage
Interests  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  or the Credit  Enhancer  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 Mortgage  Loans) and the compromise of any action,  claim or
lawsuit   brought  by  or  against  the  Trust   (except  with  respect  to  the
aforementioned  claims or lawsuits for collection of cash  distributions due and
owing under the Mortgage Loans);


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     (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;
and
         (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  Certificate
Percentage  Interests  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 Mortgage  Loans 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  Certificate  Percentage  Interests  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 Certificate Percentage Interests 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  evidencing  not  less  than a  majority  of the  Certificate
Percentage  Interests  of the  Certificates  at the time of the delivery of such
notice.


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<PAGE>



         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 for such
Payment Date. All  distributions  made pursuant to this Section shall be made to
the  Certificateholders on a pro rata basis based on the Certificate  Percentage
Interests thereof.

         (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.  The amount of any
such  withholding tax shall be remitted by the  Certificate  Paying Agent to the
Trust Tax Matters Person, who shall then remit such amounts, as required, 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)  Distributions  to  Certificateholders  shall  be  subordinated  to the
creditors of the Trust, including the Noteholders.

         (d) Allocations of profits and losses, as determined for federal income
tax purposes,  shall be made to the Certificateholders on a pro rata basis based
on the Certificate Percentage Interests thereof.

         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,   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.

     Section 5.03.  Signature on Returns. The Owner Trustee shall sign on behalf
of the Trust the tax returns of the Trust.

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<PAGE>



         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 majority
Certificate   Percentage   Interest  in  the  Certificates   hereby   designates
Residential  Funding  Corporation  (the "Trust Tax Matters Person") (i) to 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,  (ii) to
cause the Trust to file or cause to be filed any information  returns or reports
and to make any  elections  or take any other  similar  action  required for the
Trust to be  classified as a partnership  for federal  income tax purposes,  and
(iii) as its  agent,  to act as "tax  matters  partner"  (as  defined in Section
6231(a)(7)  of the Code)  for the  Trust.  Within 90 days  after the end of each
calendar  year, the Trust Tax Matters Person 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 Trust
Tax Matters Person 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 Certificate Percentage Interest of the Holders of the Certificates.

         The Trust Tax Matters Person,  acting as the tax matters partner of the
Trust,  shall (i) act on behalf of the Trust in  relation  to any tax  matter or
controversy   involving   the  Trust  and  (ii)   represent  the  Trust  in  any
administrative or judicial proceeding relating to an examination or audit by any
governmental  taxing  authority  with  respect  thereto.   The  legal  expenses,
including without  limitation  attorneys' or accountants' fees, and costs of any
such proceeding and any liability  resulting  therefrom shall be expenses of the
Trust  and the Trust Tax  Matters  Person  shall be  entitled  to  reimbursement
therefor out of amounts  attributable  to the  Mortgage  Loans on deposit in the
Custodial Account as provided by Section 3.03 of the Servicing  Agreement unless
such legal  expenses  and costs are  incurred by reason of the Trust Tax Matters
Person's willful misfeasance, bad faith or gross negligence.

         The Certificateholders agree by their purchase of Certificates to treat
the Trust 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 Trust,  the partners of
the partnership  being the  Certificateholders,  and the Notes being debt of the
partnership.

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                                                        20

<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 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  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,  the Seller under the Mortgage Loan Purchase  Agreement or
the Transferor under the Transfer 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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<PAGE>




         (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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                                   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 Master  Servicer shall  indemnify,
defend and hold  harmless the Owner  Trustee,  both as Owner  Trustee and in its
individual  capacity,   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  Master  Servicer  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 Master  Servicer  written  notice  thereof
         promptly  after the  Indemnified  Party  shall  have  actual  knowledge
         thereof;

     (iii) while maintaining  control over its own defense,  the Master Servicer
shall consult with the Indemnified Party in preparing such defense; and

                        (iv)  notwithstanding  anything in this Agreement to the
         contrary, the Master Servicer shall not be liable for settlement of any
         claim by an Indemnified Party entered into without the prior consent of
         the Master Servicer 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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approval  of the  Master  Servicer,  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 Master Servicer has the right to assume the defense of any claim,  action or
proceeding against the Owner Trustee.

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                                  ARTICLE VIII

                         Termination of Trust Agreement

         Section  8.01.  Termination  of Trust  Agreement.  (a) The Trust  shall
dissolve 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 July 2022,
(iii) at the time  provided in Section  8.02 or (iv) the  purchase by the Master
Servicer of all  Mortgage  Loans  pursuant to Section  8.08(a) of the  Servicing
Agreement. The bankruptcy, liquidation,  dissolution, death or incapacity of any
Certificateholder  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   Certificateholder'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),  neither the  Depositor nor
any other Certif-icateholder shall be entitled to revoke or terminate the Trust.

         (c) Notice of any dissolution 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  dissolution  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 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 Master Servicer.


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         (d) Upon the completion of the winding up of the Trust and notification
to the Owner Trustee as to the satisfaction of the obligations of the Trust, 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,  upon which filing
the Trust shall terminate.

         Section  8.02.  Termination  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,  the Owner Trust shall be
dissolved  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
Certificate   Percentage  Interests  of  the  Certificates  (not  including  the
Certificate  Percentage Interest of the Designated  Certificate),  to the effect
that such Holders  disapprove of the  termination of the Owner 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)
and (ii) each of the Holders of Notes to the effect that such Holders disapprove
of the  termination  of the Owner 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 Owner Trust pursuant to
the first  sentence of this Section 8.02.  Upon a  termination  pursuant to this
Section 8.02, the Owner Trustee shall direct the Indenture  Trustee  promptly to
sell the  assets  of the Owner  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,  as trustee for the benefit of the
Holders of the Notes,  by the  liquidation  of the assets of the Owner Trust and
distribution thereof as provided in Section 8.03.

         Section 8.03.  Distribution of Assets on Termination  Resulting from an
Event of  Liquidation.  Upon the  dissolution  of the Owner Trust  caused by the
occurrence  of an Event  of  Liquidation,  as  provided  in  Section  8.02,  the
Indenture  Trustee shall take full account of the assets and  liabilities of the
Owner Trust, 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:

                           first, to the payment of the debts and liabilities of
         the  Owner  Trust  to  creditors  in  satisfaction  of such  debts  and
         liabilities, and to the payment of necessary expenses of liquidation;

                           second,  for  deposit  into the  Payment  Account for
         distribution in accordance with Section 5.04(b) of the Indenture.



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                                   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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         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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         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 Certificate  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 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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                                                        33

<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.

         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 VII. 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. The provisions of this
Trust Agreement are solely for the benefit of the Owner Trustee,  the Depositor,
the  Certificateholders,  the  Credit  Enhancer  and,  to the  extent  expressly
provided herein, the Indenture Trustee and the Noteholders,  and nothing in this
Trust Agreement,  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.


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                                                        34

<PAGE>



         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  Wilmington
Trust Company,  Corporate Trust Administration,  Rodney Square North, 1100 North
Market Street,  Wilmington,  Delaware 19890;  if to the Depositor,  addressed to
Residential   Funding  Mortgage   Securities  II,  Inc.,  8400  Normandale  Lake
Boulevard,  Suite 700, Minneapolis,  Minnesota 55437; 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.

         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.


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                                                        35

<PAGE>



         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 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
without any further consent of the Certificateholders.

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                                                        36

<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

Residential Funding Corporation
         as Master Servicer



By:
   Name:
   Title:

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                                                        37

<PAGE>



                                    EXHIBIT A

                               FORM OF CERTIFICATE


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

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

                  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 "PLAN ASSETS," WITHIN THE MEANING OF
THE DEPARTMENT OF LABOR REGULATION AT 29 C.F.R.  ss.2510.3-101,  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.

                  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. __

Cut-off Date:
December 29, 1996

First Payment Date:               Certificate Percentage Interest
February 25, 1997                 this Certificate:  ____%

Assumed Final Payment Date:       CUSIP [_____]
July __, 2022


                          HOME LOAN-BACKED CERTIFICATE
                                 SERIES 1997-HI1


evidencing  a  fractional  undivided  interest  in the Owner Trust  Estate,  the
property  of  which  consists  primarily  of  the  Mortgage  Loans,  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 Group,  Inc. or any of their  affiliates.  Neither this
Certificate nor the Mortgage Loans 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 Group, Inc. or any of
their  affiliates.  None of the Company,  the Seller,  the Master Servicer,  the
Indenture Trustee, the Owner Trustee,  GMAC Mortgage Group, Inc. 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 Certificate  Percentage  Interest  evidenced by this  Certificate (as set
forth on the face  hereof) in certain  distributions  with  respect to the Owner
Trust Estate, consisting primarily of the Mortgage Loans, 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  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 25th day of each month or, if such 25th day is not a  Business  Day,
the Business Day immediately

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                                       A-3

<PAGE>



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 Certificate
Percentage  Interest stated on the face hereof) of the Certificate  Distribution
Amount  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.

                  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, an Opinion
of  Counsel  as  described  in  the  Agreement),  which  investment  letter  and
certificate or Opinion of Counsel 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 require either (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 "plan  assets,"  within the meaning of the Department of
Labor  regulations  at 29  C.F.R.  ss.2510.3-101,  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

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                                       A-4

<PAGE>



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  one  of  a  duly  authorized  issue  of
Certificates designated as Home 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 January 30, 1997, between Home Loan Trust 1997-HI1 (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
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   Certificate   Percentage   Interests  of  the
Certificates and the Indenture

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                                       A-5

<PAGE>



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  Certificate  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 a  1.00%  Certificate  Percentage
Interest and in integral multiples of a 0.01% Certificate Percentage Interest in
excess thereof.  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 Delaware.

                  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 July 2022,  (iii) at the time  provided in
Section 8.02 or (iv) the purchase by the Master  Servicer of all Mortgage  Loans
pursuant to Section 8.08(a) of the Servicing 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.

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                                       A-6

<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 LOAN
                      TRUST 1997-HI1

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



Dated: January 30, 1997
                                                          Authorized Signatory


                          CERTIFICATE OF AUTHENTICATION

This is one of the 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-7

<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-8

<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-9

<PAGE>



                                    EXHIBIT B
                             TO THE TRUST AGREEMENT










                              CERTIFICATE OF TRUST

                                       OF

                            HOME LOAN TRUST 1997-HI1



         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 LOAN TRUST 1997-HI1

     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 January 30,
                                        1997


                                        By:
                                        Name:
                                        Title:


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                                       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

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                                       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:

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                                       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
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                                       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 Loan-Backed Certificates
                           Series 1997-HI1

Ladies and Gentlemen:

     (the "Purchaser") intends to purchase from (the "Seller") ____% Certificate
Percentage Interest of Series 1997-HI1 (the "Certificates"),  issued pursuant to
the Trust  Agreement  (the  "Trust  Agreement"),  dated as of January  30,  1997
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  Mortgage  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 Loan-Backed Certificates
                           Series 1997-HI1

Ladies and Gentlemen:

     (the "Purchaser") intends to purchase from (the "Seller") ____% Certificate
Percentage Interest of Series 1997-HI1 (the "Certificates"),  issued pursuant to
the Trust  Agreement  (the  "Trust  Agreement"),  dated as of January  30,  1997
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  pursuant thereto.  The Seller
will not act, in any manner set forth in the foregoing sentence with

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                                       E-1

<PAGE>



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  Loan-Backed  Certificates,  Series
1997-HI1  (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
Rodney Square North
1100 North Market Street
Wilmington, Delaware

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

[CERTIFICATE REGISTRAR]

                       Re:      Residential Funding Mortgage Securities II, Inc.
                 Home Loan-Backed Certificates, Series 1997-HI1

Dear Sirs:

                  __________________________________  (the "Transferee") intends
to acquire from _____________________  (the "Transferor")  $____________ Initial
Certificate  Principal Balance of Residential  Mortgage Securities II, Inc. Home
Loan-Backed Certificates, Series 1997- HI1 (the "Certificates"), issued pursuant
to a Trust  Agreement  (the  "Trust  Agreement")  dated  January  30, 1997 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

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<PAGE>



         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 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) or (b):

                           (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; and

                  (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:

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                                       G-2

<PAGE>


                                      Name:
                                     Title:


[NY01:244536.6]  16069-00376  01/29/97 10:52pm
                                       G-3

<PAGE>




                            HOME LOAN TRUST 1997-HI1

                                     Issuer

                                       AND

                            THE CHASE MANHATTAN BANK

                                Indenture Trustee



                                    INDENTURE

                          Dated as of January 30, 1997

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


                             HOME LOAN-BACKED 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 Mortgage Loans......  5
      ---------------------------------------------------------
3.02. Maintenance of Office or Agency................................  5
      -------------------------------
3.03. Money for Payments To Be Held in Trust; Paying Agent...........  5
      ----------------------------------------------------
3.04. Existence......................................................  6
      ---------
3.05. Payment of Principal and Interest; Defaulted Interest..........  7
      -----------------------------------------------------
3.06. Protection of Trust Estate.....................................  9
      --------------------------
3.07. Opinions as to Trust Estate....................................  9
      ---------------------------
3.08. Performance of Obligations; Servicing Agreement................ 10
      -----------------------------------------------
3.09. Negative Covenants............................................. 10
      ------------------
3.10. Annual Statement as to Compliance.............................. 11
      ---------------------------------
3.11. Recording of Assignments....................................... 11
      ------------------------
3.12. Representations and Warranties Concerning the Mortgage Loans... 11
      ------------------------------------------------------------
3.13. Assignee of Record of the Mortgage Loans....................... 12
      ----------------------------------------
3.14. Master Servicer as Agent and Bailee of the Mortgage Loans Holde 12
      ---------------------------------------------------------------
3.15. Investment Company Act......................................... 12
      ----------------------
3.16. Issuer May Consolidate, etc.................................... 12
      ----------------------------
3.17. Successor or Transferee........................................ 14
      -----------------------
3.18. No Other Business.............................................. 14
      -----------------
3.19. No Borrowing................................................... 14
      ------------
3.20. Guarantees, Loans, Advances and Other Liabilities.............. 14
      -------------------------------------------------
3.21. Capital Expenditures........................................... 15
      --------------------
3.22. Owner Trustee Not Liable for Certificates or Related Documents. 15
      --------------------------------------------------------------
3.23. Restricted Payments............................................ 15
      -------------------
3.24. Notice of Events of Default.................................... 15
      ---------------------------
3.25. Further Instruments and Acts................................... 15
      ----------------------------

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                                                    i

<PAGE>



3.26.Statements to Noteholders....................................... 15
     -------------------------
3.27.Payments under the Credit Enhancement Instrument................ 15
     ------------------------------------------------

                          ARTICLE IV

      The Notes; Satisfaction and Discharge of Indenture

4.01.The Notes........................................................... 17
     ---------
4.02.Registration of and Limitations on Transfer and Exchange of Notes;
     ------------------------------------------------------------------
     Appointment of Certificate Registrar................................ 17
     ------------------------------------
4.03.Mutilated, Destroyed, Lost or Stolen Notes.......................... 18
     ------------------------------------------
4.04.Persons Deemed Owners............................................... 19
     ---------------------
4.05.Cancellation........................................................ 19
     ------------
4.06.Book-Entry Notes.................................................... 19
     ----------------
4.07.Notices to Depository............................................... 20
     ---------------------
4.08.Definitive Notes.................................................... 20
     ----------------
4.09.Tax Treatment....................................................... 21
     -------------
4.10.Satisfaction and Discharge of Indenture............................. 21
     ---------------------------------------
4.11.Application of Trust Money.......................................... 22
     --------------------------
4.12.Subrogation and Cooperation......................................... 22
     ---------------------------
4.13.Repayment of Monies Held by Paying Agent............................ 23
     ----------------------------------------
4.14.Temporary Notes..................................................... 23
     ---------------
5.01.Events of Default................................................... 24
     -----------------
5.02.Acceleration of Maturity; Rescission and Annulment.................. 24
     --------------------------------------------------
5.03.Collection of Indebtedness and Suits for Enforcement by Indenture
     -----------------------------------------------------------------
     Trustee............................................................. 25
5.04.Remedies; Priorities................................................ 27
     --------------------
5.05.Optional Preservation of the Trust Estate........................... 28
     -----------------------------------------
5.06.Limitation of Suits................................................. 29
     -------------------
5.07.Unconditional Rights of Noteholders To Receive Principal and
     Interest............................................................ 29
     --------
5.08.Restoration of Rights and Remedies.................................. 29
     ----------------------------------
5.09.Rights and Remedies Cumulative...................................... 30
     ------------------------------
5.10.Delay or Omission Not a Waiver...................................... 30
     ------------------------------
5.11.Control by Noteholders.............................................. 30
     ----------------------
5.12.Waiver of Past Defaults............................................. 31
     -----------------------
5.13.Undertaking for Costs............................................... 31
     ---------------------
5.14.Waiver of Stay or Extension Laws.................................... 31
     --------------------------------
5.15.Sale of Trust Estate................................................ 31
     --------------------
5.16.Action on Notes..................................................... 33
     ---------------
5.17.Performance and Enforcement of Certain Obligations.................. 33
     ---------------------------------------------------

                 ARTICLE VI

            The Indenture Trustee

6.01.Duties of Indenture Trustee......................................... 35
     ---------------------------

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                                                    ii

<PAGE>



6.02.Rights of Indenture Trustee.........................................36
     ---------------------------
6.03.Individual Rights of Indenture Trustee..............................36
     --------------------------------------
6.04.Indenture Trustee's Disclaimer......................................36
     ------------------------------
6.05.Notice of Event of Default..........................................37
     --------------------------
6.06.Reports by Indenture Trustee to Holders.............................37
     ---------------------------------------
6.07.Compensation and Indemnity..........................................37
     --------------------------
6.08.Replacement of Indenture Trustee....................................37
     --------------------------------
6.09.Successor Indenture Trustee by Merger...............................38
     -------------------------------------
6.10.Appointment of Co-Indenture Trustee or Separate Indenture Trustee...39
     -----------------------------------------------------------------
6.11.Eligibility; Disqualification.......................................40
     -----------------------------
6.12.Preferential Collection of Claims Against Issuer....................40
     ------------------------------------------------
6.13.Representations and Warranties......................................40
     ------------------------------
6.14.Directions to Indenture Trustee.....................................41
     -------------------------------
6.15.Indenture Trustee May Own Securities................................41
     ------------------------------------

                 ARTICLE VII

       Noteholders' Lists and Reports

7.01.Issuer To Furnish Indenture Trustee Names and Addresses of
     Noteholders.........................................................42
     -----------
7.02.Preservation of Information; Communications to Noteholders..........42
     ----------------------------------------------------------
7.03.Reports by Issuer...................................................42
     -----------------
7.04.Reports by Indenture Trustee........................................43
     ----------------------------

                ARTICLE VIII

     ccounts, Disbursements and Releases

8.01.Collection of Money.................................................44
     -------------------
8.02.Trust Accounts......................................................44
     --------------
8.03.Officer's Certificate...............................................44
     ---------------------
8.04.Termination Upon Distribution to Noteholders........................44
     --------------------------------------------
8.05.Release of Trust Estate.............................................45
     -----------------------
8.06.Surrender of Notes Upon Final Payment...............................45
     -------------------------------------

                 ARTICLE IX

           Supplemental Indentures

9.01.Supplemental Indentures Without Consent of Noteholders..............46
     ------------------------------------------------------
9.02.Supplemental Indentures With Consent of Noteholders.................47
     ---------------------------------------------------
9.03.Execution of Supplemental Indentures................................49
     ------------------------------------
9.04.Effect of Supplemental Indenture....................................49
     --------------------------------
9.05.Conformity with Trust Indenture Act.................................49
     -----------------------------------
9.06.Reference in Notes to Supplemental Indentures.......................49
     ---------------------------------------------


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                                                   iii

<PAGE>



                                    ARTICLE X

                                  Miscellaneous

10.01.Compliance Certificates and Opinions, etc........................ 50
      -----------------------------------------
10.02.Form of Documents Delivered to Indenture Trustee................. 51
      ------------------------------------------------
10.03.Acts of Noteholders.............................................. 52
      -------------------
10.04.Notices, etc., to Indenture Trustee, Issuer, Credit Enhancer and
      Rating Agencies.................................................. 53
      ---------------
10.05.Notices to Noteholders; Waiver................................... 53
      ------------------------------
10.06.Alternate Payment and Notice Provisions.......................... 54
      ---------------------------------------
10.07.Conflict with Trust Indenture Act................................ 54
      ---------------------------------
10.08.Effect of Headings............................................... 54
      ------------------
10.09.Successors and Assigns........................................... 54
      ----------------------
10.10.Separability..................................................... 54
      ------------
10.11.Benefits of Indenture............................................ 54
      ---------------------
10.12.Legal Holidays................................................... 55
      --------------
10.13.GOVERNING LAW.................................................... 55
      -------------
10.14.Counterparts..................................................... 55
      ------------
10.15.Recording of Indenture........................................... 55
      ----------------------
10.16.Issuer Obligation................................................ 55
      -----------------
10.17.No Petition...................................................... 55
      -----------
10.18.Inspection....................................................... 56
      ----------

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


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                                       iv

<PAGE>



EXHIBITS

Exhibit A                  Form of Notes

Appendix A  Definitions
                                   APPENDIX A

                                   DEFINITIONS


                  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.

                  Appraised Value:  The appraised value of a Mortgaged  Property
based upon the  appraisal  made at the time of the  origination  of the  related
Mortgage Loan; provided that if such Mortgage Loan was originated simultaneously
with or not more than 12 months  after a senior  lien on the  related  Mortgaged
Property,  the Appraised Value shall be the lesser of the appraised value at the
origination of the senior lien and the sales price for 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 sale of the  Mortgage,  which  assignment,
notice of transfer or  equivalent  instrument  may be in the form of one or more
blanket assignments  covering Mortgages secured by Mortgaged  Properties located
in the same jurisdiction.

                  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).

                  Bankruptcy Code:  The Bankruptcy Code of 1978, as amended.

                  Basic  Documents:  The Trust  Agreement,  the  Indenture,  the
Mortgage  Loan  Purchase  Agreement,   the  Insurance   Agreement,   the  Credit
Enhancement Instrument,  the Servicing Agreement,  the Custodial Agreement,  the
Transfer  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).

                  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.


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<PAGE>



                  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.
                  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  Certificate  Paying  Agent will make all
distributions  on the  Certificates  from money on  deposit  in the  Certificate
Distribution Account. The Certificate  Distribution Account shall be an Eligible
Account.

                  Certificate  Distribution  Amount:  The amount  payable to the
Certificate  Paying Agent under Section 3.05(ix) of the Indenture for payment to
the Certificates under the Trust Agreement.

     Certificate  Paying  Agent:  The meaning  specified  in Section 3.10 of the
Trust Agreement.

     Certificate  Percentage  Interest:  With respect to each  Certificate,  the
Certificate Percentage Interest stated on the face thereof.

                  Certificate  Principal  Balance:  For  purposes  solely of the
statement to Securityholders  created by the Master Servicer pursuant to Section
4.01 of the  Servicing  Agreement,  an amount equal to the  Outstanding  Reserve
Amount.

     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,  or any  successor  to the  Indenture  Trustee  in  such
capacity.

                  Certificate of Trust:  The  Certificate of Trust filed for the
Trust pursuant to Section  3810(a) of the Business Trust Statute,  including all
amendments and restatements.

     Certificates:  The  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

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<PAGE>



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:  Collectively, all of the Notes bearing the same designation.

Closing Date:  January 30, 1997.

Code:  The Internal Revenue Code of 1986, as amended, and the rules and
regulations promulgated thereunder.

 Collateral:  The meaning specified in the Granting Clause of the Indenture.

                  Collection  Period:  With  respect to each  Payment Date other
than the first Payment Date, the calendar month immediately  preceding the month
in which such Payment Date occurs,  and with respect to the first  Payment Date,
the period from December 29, 1996 to January 31, 1997.

                  Combined  Loan-to-Value  Ratio:  With  respect to any Mortgage
Loan and any date, the ratio,  expressed as a percentage,  of the sum of (i) the
original  principal  balance of such Mortgage Loan and (ii) the unpaid principal
balance of all other  mortgage  loans,  if any,  secured by senior  liens on the
related Mortgaged  Property  determined in the appraisal used in the origination
of such Mortgage Loan, to the Appraised Value.

                  Contract of Insurance: The contract of insurance under Title I
covering the Title I Loans held under the name Residential Funding  Corporation,
or any successor thereto, as Title I Contract Holder thereunder.

                  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 Rodney  Square  North,  1100 North  Market
Street, Wilmington, Delaware 19890, Attention: Corporate Trust Administration.

                  Credit  Enhancement Draw Amount:  With respect to each Payment
Date,  an amount,  if any,  equal to the sum of (x) the amount by which  accrued
interest on the Notes at the related  Note Rate on such Payment Date exceeds the
amount on deposit in the Payment

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                                                         3

<PAGE>



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) any Excess Loss Amount.

                  Credit  Enhancement  Instrument:   The  Certificate  Guarantee
Insurance  Policy number AB0097BE,  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.

                  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 Mortgage Loans.

                  Custodial  Agreement:  Any  Custodial  Agreement  between  the
Custodian, the Indenture Trustee, the Issuer and the Master Servicer relating to
the custody of the Mortgage Loans and the Related Documents.

     Custodian:  Norwest Bank Minnesota,  N.A., a national association,  and its
successors and assigns.

                  Cut-off Date:  December 29, 1996.

                  Cut-off Date Loan Balance:  With respect to any Mortgage Loan,
the unpaid principal balance thereof as of the close of business on the Business
Day immediately prior to the Cut-off Date.

     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
Mortgage Loan, a valuation by a court of competent jurisdiction of the Mortgaged
Property  in an amount  less than the then  outstanding  indebtedness  under the
Mortgage  Loan,  or any  reduction  in the  amount  of  principal  to be paid in
connection  with any  scheduled  Monthly  Payment that  constitutes  a permanent
forgiveness of principal, which valuation or reduction results from a proceeding
under the Bankruptcy Code.

 Definitive Notes:  The meaning specified in Section 4.06 of the Indenture.


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                                                         4

<PAGE>



                  Deleted  Loan: A Mortgage Loan replaced or to be replaced with
an Eligible  Substitute  Loan  pursuant to Section  3.1(c) of the Mortgage  Loan
Purchase Agreement.

 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 Certificate representing the ownership interest
in the Owner Trust specified in Section 3.11 of the Trust Agreement.

     Designated  Holder:  With  respect  to  the  Designated  Certificate,   any
beneficial and record owner thereof, which shall be RAHI as of the Closing Date.
The  Designated  Holder is also a  Certificateholder  for  purposes of the Trust
Agreement.

                  Determination Date: With respect to any Payment Date, the 20th
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 are to be distributed  to the  Noteholders,  the amount,  if
any, by which the aggregate  amount available for distribution to Noteholders is
less than the sum of (1) an amount  equal to all accrued and unpaid  interest on
each Class of Notes at the related  Note Rate  through such Payment Date and (2)
100% of the aggregate Note Balance of the Notes 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 are
paid to the Securityholders.

     Due Date:  The date on which the Monthly  Payment on the  related  Mortgage
Loan is due in accordance with the terms of the related Mortgage Note.

                  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 short-term 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

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                                                         5

<PAGE>



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 Mortgage Loan substituted by the
Seller for a Deleted Mortgage Loan which must, on the date of such substitution,
as confirmed in an Officer's 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 Mortgage  Loan for a Deleted  Mortgage  Loan,  an
aggregate outstanding principal balance, after such deduction), not in excess of
the outstanding  principal  balance of the Deleted  Mortgage 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  (xxxiv) of Section  3.1(b) of the Mortgage  Loan
Purchase Agreement other than clauses (viii), (xiii), (xiv), (xxv)(B) and (xxvi)
(and other than  clauses  (ii),  (xxxiii)  and  (xxxiv)  if such  Mortgage  Loan
substituted by the Seller is not a Title I Loan);  (iii) have a Mortgage Rate no
lower than and not more than 1% per annum higher than the  Mortgage  Rate of the
Deleted  Mortgage  Loan as of the date of  substitution;  (iv)  have a  Combined
Loan-to-Value  Ratio at the time of  substitution  no  higher  than  that of the
Deleted Mortgage 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  Mortgage  Loan;  (vi) be ineligible  for inclusion in a real estate
mortgage investment conduit ("REMIC") (a "REMIC Ineligible Loan") if the Deleted
Loan was a REMIC  Ineligible  Loan  (because (a) the value of the real  property
securing  the  Deleted  Loan was not at least  equal to  eighty  percent  of the
adjusted  issue  price of such loan at the time of  origination,  calculated  by
subtracting  the  amount  of any  liens  that  are  senior  to such  loan  and a
proportionate  amount  of any lien of  equal  priority  from  the  value of such
property when the Deleted Loan was originated and (b)  substantially  all of the
proceeds  of the Deleted  Loan were not used to  acquire,  improve or protect an
interest in the real property  securing such loan and such real property was the
only security for such Deleted Loan);  (vii) not be 30 days or more  delinquent;
and (viii) be a Title I Loan if such Deleted Loan was a Title I Loan.


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                                                         6

<PAGE>



 ERISA:  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  Class  of  Notes  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  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.

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                                                         7

<PAGE>




                  Event of Liquidation:  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
Issuer 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.

  Event of Servicer Termination:  With respect to the Servicing Agreement, a
Servicing Default as defined in Section 7.01 of the Servicing 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  Amount  (other than as  described  in clauses  (ii)-(iii)  hereof) for the
related   Collection   Period  and  all   preceding   Collection   Periods  over
$37,136,263.00,  (ii) any Special  Hazard Losses in excess of the Special Hazard
Amount,  and (iii) 76% of any losses  incurred  on a Mortgage  Loan caused by or
resulting from an Extraordinary Event.

                  Excess  Spread  Test: A test which is satisfied if (A) the sum
of (x) the amount  remaining  in the Payment  Account  after  payments  are made
pursuant to clause (v) of Section  3.05 of the  Indenture  for such Payment Date
plus (y) the Liquidation Loss Distribution Amount for such Payment Date is equal
to or greater  than (B) half of the average of the  aggregate  Liquidation  Loss
Amount for such Payment Date and each of the five previous Payment Dates.

   Exchange Act:  The Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder.

 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 Mortgage Loan causing or resulting in a loss
which causes the liquidation of such Mortgage 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;

                  (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
                 

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                                                         8

<PAGE>



    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.

   FHA:  The Federal Housing Administration, or any successor thereto.

   FHA Claims Administrator:  Residential Funding Corporation, its successors in
interest, and any successor thereto pursuant to the Servicing Agreement.

                  FHA Insurance: The insurance provided by FHA pursuant to Title
I of the National Housing Act, as evidenced by the Contract of Insurance.

                  FHA  Insurance  Coverage  Insufficiency:  At  the  time  of  a
prospective claim for reimbursement under the Contract of Insurance of a Title I
Loan pursuant to Section 3.16 of the Servicing Agreement,  the amount of the sum
of all claims previously paid by the FHA in respect of the Title I Loans and the
amount expected to be received in respect of such prospective  claim exceeds the
FHA Reserve Amount.

                  FHA Reserve:  The account  established  by the FHA pursuant to
the Contract of Insurance which is adjusted and maintained under Title I.

                  FHA Reserve Amount: The insurance provided by the FHA pursuant
to Title I that is expected to be  available  to the Title I Contract  Holder in
respect  of the  Title I  Loans,  which  is an  amount  approximately  equal  to
$1,481,813.

 FHLMC:  The Federal Home Loan Mortgage Corporation, or any successor
thereto.

 Final Scheduled Payment Date:  The Payment Date in July 2022.

 FNMA:  The Federal National Mortgage Association, or any successor thereto.

                  Foreclosure  Profit:  With  respect to a  Liquidated  Mortgage
Loan,  the amount,  if any, by which (i) the  aggregate  of its Net  Liquidation
Proceeds exceeds (ii) the related Loan Balance (plus accrued and unpaid interest
thereon at the applicable Mortgage Rate from the date

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                                                         9

<PAGE>



interest  was last paid  through  the date of receipt  of the final  Liquidation
Proceeds)  of such  Liquidated  Mortgage  Loan  immediately  prior to the  final
recovery of its Liquidation Proceeds.

                  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.

  Holder:  Any of the Noteholders or Certificateholders.

  HUD:  The United States Department of Housing and Urban Development and
any successor thereto.

   Indemnified Party:  The meaning specified in Section 7.02 of the Trust
Agreement.

   Indenture:  The indenture dated as of January 30, 1997 between the Issuer, as
debtor, and the Indenture Trustee, as indenture trustee.

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 Issuer,  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 Issuer,  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 Issuer,  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.


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<PAGE>



                  Initial  Note  Balance:  With  respect to the Class A-1 Notes,
$42,750,000. With respect to the Class A-2 Notes, $7,250,000.00. With respect to
the  Class A-3  Notes,  $26,500,000.00.  With  respect  to the Class A-4  Notes,
$26,100,000.00. With respect to the Class A-5 Notes, $9,450,000.00. With respect
to the Class A-6  Notes,  $25,000,000.00.  With  respect to the Class A-7 Notes,
$12,268,000.00.

 Initial Outstanding Reserve Amount:  An amount equal to 3.50% of the Cut-off
Date Loan Balance of the Mortgage Loans.

                  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 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 January 30, 1997, among the Master Servicer,  the Seller,  RAHI, the
Depositor, 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 Mortgage 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 Mortgage Loan.

 Interest Accrual Period:  With respect to any Note and any Payment Date, the
calendar month preceding the month in which such Payment Date occurs.


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                  Interest  Collections:  With respect to any Payment Date,  the
sum of (i) the portion  allocable to interest of all scheduled  monthly payments
on the Mortgage Loans received during the related Collection  Period,  minus the
Servicing Fees for such Collection Period,  (ii) the interest portion of all Net
Liquidation  Proceeds (as defined below)  allocated to interest  pursuant to the
terms of the Mortgage  Notes,  reduced by the Servicing Fees for such Collection
Period and (iii) the interest  portion of the  Repurchase  Price for any Deleted
Loans.

 Issuer, Owner Trust or Trust:  The Home Loan Trust 1997-HI1, 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.

                  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  Mortgage  Loan:  With respect to any Payment Date,
any Mortgage  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.  In addition,
the  Master  Servicer  will  treat  any  Mortgage  Loan that is 180 days or more
delinquent as having been finally liquidated.

                  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  Mortgage  Loan or incurred by the FHA
Claims Administrator in connection with an FHA Insurance claim on a Title I Loan
and not recovered under any insurance policy, such expenses  including,  without
limitation,   legal  fees  and  expenses,   any  unreimbursed   amount  expended
(including,  without  limitation,  amounts  advanced to correct  defaults on any
mortgage loan which is senior to such Mortgage Loan and amounts advanced to keep
current  or pay off a  mortgage  loan  that is  senior  to such  Mortgage  Loan)
respecting  the  related   Mortgage  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 Amount:  With respect to any Payment Date and
any  Mortgage  Loan that became a  Liquidated  Mortgage  Loan during the related
Collection Period,  the unrecovered  portion of the related Loan Balance thereof
and any accrued interest thereon at the

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<PAGE>



end of such  Collection  Period,  after  giving  effect  to the Net  Liquidation
Proceeds  applied in  reduction  of the Loan  Balance  and any  proceeds  of FHA
Insurance, if applicable.

                  Liquidation  Loss  Distribution  Amount:  With  respect to any
Payment Date,  the aggregate of (A) 100% of the  Liquidation  Loss Amount (other
than  any  Excess  Loss  Amounts)  on such  Payment  Date,  plus  (B)  any  such
Liquidation  Loss  Amount  (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 Mortgage Loan or related REO,
whether through trustee's sale, foreclosure sale or otherwise.

                  Loan Balance:  With respect to any Mortgage Loan, other than a
Liquidated  Mortgage  Loan,  and as of any day,  the related  Cut-off  Date Loan
Balance,  minus all  collections in respect of principal in accordance  with the
related Mortgage Note and applied in reduction of the Loan Balance thereof.  For
purposes of this definition,  a Liquidated Mortgage Loan shall be deemed to have
a Loan Balance equal to zero.

                  Lost Note  Affidavit:  With respect to any Mortgage Loan as to
which the original  Mortgage Note has been permanently lost or destroyed and has
not been  replaced,  an affidavit from the Seller  certifying  that the original
Mortgage Note has been lost, misplaced or destroyed (together with a copy of the
related Mortgage Note).

  Master Servicer:  Residential Funding Corporation, a Delaware corporation, and
its successors and assigns.

                  Master  Servicing  Fee:  With respect to any Mortgage Loan and
any Collection  Period, the product of (i) the Master Servicing Fee Rate divided
by 12 and (ii) the Loan  Balance  of such  Mortgage  Loan as of the first day of
such Collection Period.

  Master Servicing Fee Rate:  With respect to any Mortgage Loan, 0.17% per
                  -------------------------
annum.

                  Monthly Payment:  With respect to any Mortgage Loan (including
any REO  Property)  and any Due Date,  the payment of principal and interest due
thereon in  accordance  with the  amortization  schedule at the time  applicable
thereto (after  adjustment,  if any, for partial  Prepayments  and for Deficient
Valuations  occurring  prior to such Due Date but before any  adjustment to such
amortization  schedule  by  reason of any  bankruptcy,  other  than a  Deficient
Valuation,  or similar  proceeding or any  moratorium or similar waiver or grace
period).

   Moody's:  Moody's Investors Service, Inc. or its successor in interest.

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<PAGE>




                  Mortgage:  The  mortgage,  deed of trust  or other  instrument
creating a first,  second or third lien on an estate in fee simple  interest  in
real property securing a Mortgage Loan.

                  Mortgage  File:  The file  containing  the  Related  Documents
pertaining to a particular  Mortgage Loan and any additional  documents required
to be  added  to the  Mortgage  File  pursuant  to the  Mortgage  Loan  Purchase
Agreement or the Servicing Agreement.

                  Mortgage Loan Purchase  Agreement:  The Mortgage Loan Purchase
Agreement,  dated as of the Cut-off  Date,  between the Seller,  as seller,  and
RAHI, as purchaser,  with respect to the Mortgage Loans, dated as of January 30,
1997.

                  Mortgage Loan Schedule: The initial schedule of Mortgage Loans
as of the Cut-off Date set forth in Exhibit A of the Servicing Agreement,  which
schedule  sets forth as to each  Mortgage  Loan,  among  other  things:  (i) the
address of the related Mortgaged Property ("PROPERTY  ADDRESS," "CITY," "ST" and
"ZIP"), (ii) the principal balance at origination ("ORG AMT"), (iii) the Cut-off
Date Loan Balance  ("CUT-OFF  BAL"),  (iv) the Mortgage Rate ("CUR RT"), (v) the
appraised value ("APPRSL"), (vi) the principal balance of any mortgage loans, if
any,  senior thereto ("SR BAL"),  (vii) the loan number ("RFC LN#"),  (viii) the
lien  position of the related  Mortgage  ("LIEN") and (ix) whether such Mortgage
Loan is a Title I Loan ("LN TYP").

                  Mortgage Loans: At any time, the mortgage loans that have been
sold by the Seller under the Mortgage Loan Purchase Agreement, together with the
Related Documents, and that remain subject to the terms thereof.

                  Mortgage  Note:  With respect to a Mortgage Loan, the mortgage
note  pursuant to which the  related  mortgagor  agrees to pay the  indebtedness
evidenced thereby and secured by the related Mortgage as modified or amended.

  Mortgaged Property:  The underlying property, including real property and
improvements thereon, securing a Mortgage Loan.

   Mortgage Rate:  With respect to any Mortgage Loan and any day, the per annum
rate of interest set forth in the related Mortgage Note.

                  Mortgagor:  The obligor or obligors under a Mortgage Note.

   National Housing Act:  The National Housing Act of 1934, as amended.

    Net Liquidation Proceeds:  With respect to any Liquidated Mortgage Loan,
Liquidation Proceeds net of Liquidation Expenses.

                  Note Balance:  With respect to any Payment Date and the Notes,
the Initial  Note  Balance  thereof  prior to such  Payment  Date reduced by all
payments of principal thereon prior to such Payment Date.

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<PAGE>




                  Note Owner:  The Beneficial Owner of a Note.

                  Note Rate:  With  respect  to the Class A-1  Notes,  6.73% per
annum. With respect to the Class A-2 Notes, 6.66% per annum. With respect to the
Class A-3 Notes, 6.74% per annum. With respect to the Class A-4 Notes, 6.96% per
annum. With respect to the Class A-5 Notes, 7.25% per annum. With respect to the
Class A-6 Notes, 7.49% per annum. With respect to the Class A-7 Notes, 7.79% per
annum.

 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.  Any  Notes on which  payments  are made  under  the  Credit
Enhancement Instrument shall be deemed Outstanding until the Credit Enhancer has
been reimbursed with respect thereto and the Credit Enhancer shall be deemed the
Noteholder thereof to the extent of such unreimbursed payment.

 Notes:  The 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.

                  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.


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<PAGE>



 Original Trust Agreement:  The Trust Agreement, dated as of January 16, 1997,
between the Owner Trustee and the Depositor.

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 of the Note  Balances on such Payment
Date (after application of Principal Collections for such date).

                  Owner  Trust  :  Home  Loan  Trust  1997-HI1,  created  by the
Certificate  of Trust  pursuant to the Trust  Agreement  and the Original  Trust
Agreement.

  Owner Trust Estate:  The corpus of the Issuer created by the Trust Agreement
which consists of the Mortgage Loans 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 25th day of each month, or if such day is not a Business
Day, then the next Business Day.


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                  Percentage Interest:  With respect to any Note, the percentage
obtained by dividing the Note Balance of such Note by the  aggregate of the Note
Balances of all Notes of the same Class.

                  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;

    (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

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<PAGE>



         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 Mortgage 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 Mortgage 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.

   Premium Amount:  The amount of premium due to the Credit Enhancer in
accordance with the terms of the Insurance Agreement.

                  Prepayment  Assumption:  A  100%  Prepayment  Assumption  used
solely for determining  the accrual of original issue discount,  market discount
and  premium,  if any,  on the Notes for  federal  income tax  purposes.  A 100%
Prepayment Assumption assumes a constant prepayment rate of 2% per annum for the
first month,  increasing  each month by an additional 1% until such rate reaches
13.00% (on the thirteenth month) and remaining level at 13.00% thereafter.

                  Principal  Collection  Distribution  Amount:  For any  Payment
Date, the Principal Collections for such Payment Date; 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

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<PAGE>



be  reduced  by the  amount  of such  excess,  but not  below  zero,  until  the
Outstanding Reserve Amount equals the Reserve Amount Target.

                  Principal  Collections:  An amount equal to the sum of (i) the
portion allocable to principal of all scheduled Monthly Payments on the Mortgage
Loans received during the related Collection Period;  (ii) the principal portion
of all proceeds of the  repurchase  of any Mortgage  Loans (or, in the case of a
substitution,  any Substitution Adjustment Amounts) as required by the Servicing
Agreement during the related Collection Period; (iii) the amount of the proceeds
of any FHA insurance  received with respect to the Mortgage Loans;  and (iv) the
principal portion of all other unscheduled  collections received on the Mortgage
Loans during the related Collection Period (including,  without limitation, full
and partial  Principal  Prepayments  made by the  respective  Mortgagors and Net
Liquidation Proceeds), to the extent not previously distributed.

                  Principal  Prepayment:  Any payment of  principal  made by the
Mortgagor on a Mortgage  Loan which is received in advance of its  scheduled Due
Date  and  which  is not  accompanied  by an  amount  of  interest  representing
scheduled interest due on any date or dates in any month or months subsequent to
the month of prepayment.

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.

 Purchase Price:  The meaning specified in Section 2.2(a) of the Mortgage Loan
Purchase Agreement.

                  Qualified  Insurer: A mortgage guaranty insurance company duly
qualified as such under the laws of the state of its principal place of business
and each state  having  jurisdiction  over such insurer in  connection  with the
insurance  policy issued by such insurer,  duly  authorized and licensed in such
states to transact a mortgage guaranty  insurance business in such states and to
write the insurance  provided by the insurance  policy issued by it, approved as
an insurer by the Master Servicer and as a FNMA-approved mortgage insurer.

  RAHI:  RFC Asset Holdings, Inc., a Delaware corporation, or its successors.

                  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 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

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<PAGE>



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.

   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 Mortgage  Loan,  the
documents  specified in Section  2.1(c) of the Mortgage Loan Purchase  Agreement
and any  documents  required  to be  added  to such  documents  pursuant  to the
Mortgage  Loan  Purchase  Agreement,   the  Trust  Agreement  or  the  Servicing
Agreement.

   Release Agreement:  A Release Agreement as defined in Section 3.02 of the
Servicing Agreement.

  REO:  A Mortgaged Property that is acquired by the Issuer in foreclosure or by
deed in lieu of foreclosure.

                  Repurchase  Event:  With respect to any Mortgage Loan,  either
(i) a discovery  that,  as of the Closing Date,  the related  Mortgage was not a
valid lien on the related Mortgaged Property subject only to (A) the lien of any
prior  mortgage  indicated on the Mortgage 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  Mortgage  Loan as to which the
Seller delivers an affidavit certifying that the original Mortgage Note has been
lost or destroyed, a subsequent default on such Mortgage Loan if the enforcement
thereof or of the related  Mortgage is materially and adversely  affected by the
absence of such original Mortgage Note.

                  Repurchase  Price:  With respect to any Mortgage Loan required
to be repurchased  on any date pursuant to the Mortgage 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
Mortgage  Rate (or with  respect  to the last day of the  month in the  month of
repurchase,  the Mortgage  Rate will be the Mortgage 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.


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<PAGE>



                  Reserve  Amount  Target:  As to any Payment  Date prior to the
Stepdown  Date,  the Reserve Amount Target will be 9.00% of the aggregate of the
Cut-off Date Loan  Balances.  On or after the Stepdown  Date, the Reserve Amount
Target  will be equal to the lesser of (a) the Reserve  Amount  Target as of the
Cut-off  Date and (b)  18.00% of the Pool  Balance  as of the  beginning  of the
related  Collection Period (but not lower than $2,321,016 (1.5% of the aggregate
of the  Cut-off  Date  Loan  Balances));  provided  however  that any  scheduled
reduction to the Reserve Amount Target  described  above shall not be made as of
any Payment Date unless (i)(a) the aggregate cumulative  Liquidation Loss Amount
on the Mortgage 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
Stepdown Date are less than 7.0%, 8.0% and 9.0%  respectively,  of the aggregate
Pool Balance or (b) the Excess  Spread Test is satisfied and (ii) there has been
no draw on the Credit  Enhancement  Instrument on such Payment Date that remains
unreimbursed.  In addition,  the Reserve  Amount  Target may be reduced with the
prior written consent of the Credit Enhancer and the Rating Agencies.

                  Reserve Increase Amount: On each Payment Date, an amount equal
to the lesser of (i) the  amount  remaining  in the  Payment  Account  following
distributions  pursuant to Section  3.05(v) of the Indenture and (ii) the amount
necessary  to bring the  Outstanding  Reserve  Amount up to the  Reserve  Amount
Target.

                  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.

  Securities Act:  The Securities Act of 1933, as amended, and the rules and
regulations promulgated thereunder.

                  Security:  Any of the Certificates or Notes.

    Securityholder or Holder:  Any Noteholder or a Certificateholder.

                  Security  Instrument:  A written  instrument  creating a valid
first lien on a Mortgaged  Property  securing a Mortgage Note,  which may be any
applicable  form of  mortgage,  deed of trust,  deed to secure  debt or security
deed, including any riders or addenda thereto.

  Seller:  Residential Funding Corporation, a Delaware corporation, and its
successors and assigns.

   Servicing Agreement:  The Servicing Agreement dated as of January 30, 1997
among the Indenture Trustee, the Issuer, and the Master Servicer, as master
 servicer.

     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.

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<PAGE>



   Servicing Default:  The meaning specified in Section 7.01 of the Servicing
Agreement.

Servicing Fee:  With respect to any Mortgage Loan, the sum of the related Master
Servicing Fee and the related Subservicing Fee.

  Servicing Fee Rate:  With respect to any Mortgage 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 Mortgage 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 Note:  A Note in the amount of $1,000.

                  Special  Hazard  Amount:  As  of  any  date  of  determination
following the Cut-off Date, the Special Hazard Amount shall equal  $1,547,344.00
less the sum of (A) the aggregate of any Liquidation Loss Amount on the Mortgage
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 Mortgage  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 Mortgage  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 Mortgage
Loans in any single five-digit  California zip code area with the largest amount
of Mortgage 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 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.

                  Stepdown  Date:  The later of (i) the Payment  Date in January
2000 and (ii) the Payment Date on which the Pool Balance as of such Payment Date
is less than 50% of the Cutoff Date Balance.


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<PAGE>



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 Mortgage 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
Mortgage  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 Mortgage Loan, 1.25% per annum.

 Substitution Adjustment Amounts:  With respect to any Eligible Substitute Loan,
the amount as defined in Section 3.1(b) of the Mortgage Loan Purchase Agreement.

                  Title I: Section 2 of Title I of the National  Housing Act and
the rules and  regulations  promulgated  thereunder  as each may be amended from
time to time and any successor statute, rules or regulations thereto.

 Title I Contract Holder:  Residential Funding Corporation, its successors in
interest, and any successor thereto pursuant to the terms of the Servicing
Agreement.


                  Title I Loans:  Those  Mortgage  Loans  that  have been or are
being  reported  to FHA as  eligible  for FHA  Insurance,  as  indicated  on the
Mortgage Loan Schedule.

     Title I Regulations: The regulations promulgated by HUD relating to Title I
home improvement loans, currently found at 24 C.F.R. ss.201.

     Transfer Agreement:  The Transfer Agreement,  dated as of January 30, 1997,
between RAHI and the Depositor.

                  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.

     Trust  Agreement:  The Amended and Restated  Trust  Agreement,  dated as of
January 30, 1997, between the Owner Trustee and the Depositor.

  Trust Estate:  The meaning specified in the Granting Clause of the Indenture.


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                                                        23

<PAGE>


                  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.

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<PAGE>



[NY01:244543.5]  16069-00376  01/29/97 11:11pm
                                        v

<PAGE>



                  This  Indenture,  dated as of January 30,  1997,  between HOME
LOAN TRUST 1997-HI1,  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 1997-HI1 Home Loan-Backed  Notes,  Class A-1, Class A-2, Class A-3, Class
A-4, Class A-5, Class A-6 and Class A-7 (collectively, 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 each Class of Notes,
all of the Issuer's right,  title and interest in and to whether now existing or
hereafter  created (a) the Mortgage Loans, (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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                                                         2

<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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                                                         3

<PAGE>



                                   ARTICLE II

                           Original Issuance of Notes

         Section 2.01.  Form. The Notes,  together with the Indenture  Trustee's
certificate of  authentication,  shall be in substantially the form set forth in
Exhibit A, 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  Exhibit A 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 Notes for original  issue in an aggregate  initial  principal  amount of
$149,318,000.00.

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

         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 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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                                                         4

<PAGE>



                                   ARTICLE III

                                    Covenants

         Section  3.01.  Collection  of Payments  with  respect to the  Mortgage
Loans.  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
Mortgage  Loans.  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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                                                         5

<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 Mortgage Loans and each other
instrument or agreement included in the Trust Estate.

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                                                         6

<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) to Holders  of each  Class of Notes,  on a pro rata
         basis,  interest  at the  related  Note Rate for the  related  Interest
         Accrual  Period on the  related  Note  Balance  of such  Class of Notes
         immediately prior to such Payment Date;

                        (ii) to the Noteholders,  as principal on the Notes, the
         Principal  Collection  Distribution  Amount for such Payment Date, with
         any such amount so paid to the Notes to be paid first, to the Class A-1
         Notes, until the Note Balance thereof has been reduced to zero, second,
         to the Class A-2 Notes, until the Note Balance thereof has been reduced
         to zero, third, to the Class A-3 Notes,  until the Note Balance thereof
         has been  reduced to zero,  fourth,  to the Class A-4 Notes,  until the
         Note Balance thereof has been reduced to zero,  fifth, to the Class A-5
         Notes,  until the Note Balance thereof has been reduced to zero, sixth,
         to the Class A-6 Notes, until the Note Balance thereof has been reduced
         to zero,  and seventh,  to the Class A-7 Notes,  until the Note Balance
         thereof has been reduced to zero;

                       (iii) to the Noteholders,  as principal on the Notes, the
         Liquidation  Loss  Distribution  Amount for such Payment Date, with any
         such  amount  so paid to the Notes to be paid  first,  to the Class A-1
         Notes, until the Note Balance thereof has been reduced to zero, second,
         to the Class A-2 Notes, until the Note Balance thereof has been reduced
         to zero, third, to the Class A-3 Notes,  until the Note Balance thereof
         has been  reduced to zero,  fourth,  to the Class A-4 Notes,  until the
         Note Balance thereof has been reduced to zero,  fifth, to the Class A-5
         Notes,  until the Note Balance thereof has been reduced to zero, sixth,
         to the Class A-6 Notes, until the Note Balance thereof has been reduced
         to zero,  and seventh,  to the Class A-7 Notes,  until the Note Balance
         thereof has been reduced to zero;
     (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,  as principal on the Notes, the
         Reserve  Increase Amount for such Payment Date, with any such amount so
         paid to the Notes to be paid first,  to the Class A-1 Notes,  until the
         Note Balance thereof has been reduced to zero, second, to the Class A-2
         Notes,  until the Note Balance thereof has been reduced to zero, third,
         to the Class A-3 Notes, until the Note Balance thereof has been reduced
         to zero, fourth, to the Class A-4 Notes, until the Note Balance thereof
         has been reduced to zero, fifth, to the Class A-5 Notes, until the Note
         Balance thereof has been reduced to zero,

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         sixth, to the Class A-6 Notes,  until the Note Balance thereof has been
         reduced to zero,  and seventh,  to the Class A-7 Notes,  until the Note
         Balance thereof has been reduced to zero;
     (vii) to the Credit Enhancer, any other amounts owed to the Credit Enhancer
pursuant to the Insurance Agreement;

     (viii) to the Indenture Trustee, any amounts owing to the Indenture Trustee
pursuant to Section 6.07 remaining unpaid; and

     (ix) any remaining  amount,  to the Certificate  Paying Agent, on behalf of
the holders of the 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  amounts to be  distributed  on the
Notes will be allocated to the Notes on a pro rata basis 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 aggregate of the
Note Balances of the Notes  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  Note 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  Notes  in
accordance  with the applicable  percentage as set forth in paragraph (b) below.
Interest  will accrue on the Notes on the basis of a 360-day year  consisting of
twelve 30-day months.

         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 Note
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 Exhibit A. All
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principal  payments  on the  Notes  shall  be made to the  Noteholders  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  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 Trust to enforce any of the Mortgage 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

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<PAGE>



statements  and  continuation  statements,  as are necessary to perfect and make
effective the lien and security  interest in the Mortgage Loans and reciting the
details of such action, 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
1997, 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  Mortgage  Loans 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 Mortgage  Loans 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 Mortgage
Loans 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  Mortgage  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;

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<PAGE>



                        (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  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  Mortgage  Loans,  or impair or cause to be impaired  the  Mortgage
         Loans or the Issuer's interest in the Mortgage Loans, the Mortgage 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  1997),  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 Mortgage 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 Mortgage
Loans. The Indenture Trustee,  as pledgee of the Mortgage Loans, has the benefit
of the  representations  and warranties made by the Seller in Section 3.1(a) and
Section 3.1(b) of the Mortgage Loan Purchase  Agreement  concerning the Mortgage
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
hereby directs and authorizes the Indenture  Trustee to hold record title to the
Mortgage 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  Mortgage  Loan  Purchase  Agreement.  Except as  expressly  provided in the
Mortgage Loan Purchase  Agreement or in the Servicing  Agreement with respect to
any  specific  Mortgage  Loan,  the  Indenture  Trustee  shall not  execute  any
endorsement or assignment or otherwise  release or transfer such record title to
any of the Mortgage  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 Mortgage Loans
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 Mortgage Loans holder in holding amounts on deposit in the Custodial Account
pursuant to Section 3.02 of the  Servicing  Agreement  that are allocable to the
Mortgage Loans, 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 Mortgage Loans, 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 and covenant of this
         Indenture on the part of the Issuer to be performed or observed, all as
         provided herein;

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<PAGE>




     (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;

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

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<PAGE>



                       (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
Mortgage  Loans 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 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.


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<PAGE>



     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. 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 Mortgage Loans for such Payment Date,

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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 Note 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 pursuant to Section 3.05.

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                                   ARTICLE IV

               The Notes; Satisfaction and Discharge of Indenture

         Section 4.01. The Notes. Each Class of Notes shall be registered in the
name of a nominee  designated  by the  Depository.  Beneficial  Owners will hold
interests in the Notes through the  book-entry  facilities of the  Depository in
minimum  initial  Note  Balances of $1,000 and  integral  multiples of $1,000 in
excess thereof.

         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  Notes for the
purposes  of  exercising  the rights of Holders  of Notes  hereunder.  Except as
provided in the next  succeeding  paragraph of this Section 4.01,  the rights of
Beneficial  Owners  with  respect  to  the  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 Notes
as to which they are the Beneficial  Owners.  Requests and directions  from, and
votes of, the Depository as Holder of the 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 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.


         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 Class of 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 of the same Class in authorized initial Note Balances  evidencing
the same aggregate Percentage Interests.


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         Subject to the foregoing,  at the option of the Noteholders,  Notes may
be exchanged for other Notes of the same Class and of like tenor,  in authorized
initial Note Balances  evidencing the same aggregate  Percentage  Interests upon
surrender of the Notes to be exchanged at the Corporate Trust Office of the Note
Registrar.  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.

         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

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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 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 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 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

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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 Notes, and shall have no obligation to the Owners of
         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 Notes and the Depository
         and/or the Depository  Participants.  Unless and until Definitive 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 Notes
         evidencing a specified  percentage  of the Note  Balances of the 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 Notes and has delivered such instructions to the Indenture Trustee.

         Section  4.07.  Notices  to  Depository.  Whenever  a  notice  or other
communication  to the Note Holders is required under this Indenture,  unless and
until Definitive  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  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 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 Notes representing beneficial interests aggregating
at least a majority of the Note  Balances of the 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  Notes to  Beneficial
Owners  requesting  the same.  Upon  surrender to the  Indenture  Trustee of the
typewritten   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 Notes in accordance with the
instructions of the Depository. None of the Issuer, the

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

                  (A)      either

                  (1)  each  Class  of  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) each Class of 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
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         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 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 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 Mortgage Loans,  the Credit Enhancer will be fully subrogated to
the rights of Issuer to receive such  principal  and interest  from the Mortgage
Loans,  and (ii) the Credit  Enhancer  shall be paid such principal and interest
but only from the sources and in the manner provided herein 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;


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<PAGE>



                        (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.

         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  Mortgage  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 Note  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 Note 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 Notes.

         (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; and

                        (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.

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
Note  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 Mortgage Loans 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 Note 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  Mortgage  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:

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


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<PAGE>



                  SECOND:  to the Holders of each Class of Notes for amounts due
                  and unpaid on the Notes for interest and to each Noteholder in
                  each case,  ratably,  without  preference  or  priority of any
                  kind,  according  to the amounts due and payable on such 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 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 Note Balances
                  of the Notes is reduced to zero;

                  FOURTH:        [reserved];

    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  Note
         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 Note  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 Note 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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                                                        29

<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
Note  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 Note 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 Note
         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 Note  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 Note
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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<PAGE>




         (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 Note 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 Mortgage Loans, shall, with the written consent of
the Credit  Enhancer,  take all such lawful action as the Indenture  Trustee may
request to cause the Issuer to compel or secure the  performance  and observance
by the  Seller  and the  Master  Servicer,  as  applicable,  of  each  of  their
obligations to the Issuer under or in connection with the Mortgage Loan Purchase
Agreement  and the  Servicing  Agreement,  and to  exercise  any and all rights,
remedies,  powers and  privileges  lawfully  available to the Issuer under or in
connection with the Mortgage Loan Purchase Agreement and the Servicing Agreement
to the extent and in the manner directed by the Indenture Trustee, as pledgee of
the Mortgage Loans, 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 Mortgage
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 Mortgage Loans,  subject to the rights of
the Credit  Enhancer  under 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 Note Balances of

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the Notes shall, exercise all rights, remedies, powers, privileges and claims of
the Issuer against the Seller or the Master Servicer under or in connection with
the Mortgage 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 Issuer thereunder and to give any consent,  request,  notice,
direction,  approval,  extension  or waiver  under the  Mortgage  Loan  Purchase
Agreement and the Servicing Agreement,  as the case may be, and any right of 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 Mortgage Loans to the Indenture Trustee.

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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  shall be  compensated  and  indemnified  by the  Master
Servicer in  accordance  with Section 6.06 of the Servicing  Agreement,  and all
amounts owing to the Indenture  Trustee hereunder in excess of such amount shall
be paid solely as provided in Section 3.05 hereof (subject to the priorities set
forth therein). 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

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Credit Enhancer.  The Holders of a majority of Note 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:

  (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 the 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 Note 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 obligations under Section 6.07 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

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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  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.


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         (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 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.


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                   (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.

                    (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 Mortgage Loans.

     Section 6.14.  Directions to Indenture  Trustee.  The Indenture  Trustee is
hereby directed:

     (a) to accept the pledge of the  Mortgage  Loans 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, 1998, 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 Notes are listed.  The Issuer  shall  notify the  Indenture
Trustee if and when the 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 the Noteholders, the 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 Notes.

         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.

         (c) The Issuer and the  Indenture  Trustee  shall,  as  directed by the
Holders of  Certificates  which  represent not less than 100% of the Certificate
Percentage Interests thereof, enter into an indenture or indentures supplemental
hereto for the purpose of providing  for the issuance of one or more  additional
Classes of Notes  entitled to payments  derived  solely from all or a portion of
the payments to which the  Certificates  issued on the Closing Date  pursuant to
the Trust Agreement are entitled; 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. Each such Class of Notes shall be a
non-recourse  obligation  of the Issuer and shall be entitled  to  interest  and
principal in such amounts,  and to such security for the repayment  thereof,  as
shall be specified in such amendment or amendments. Promptly after the execution
by the  Issuer and the  Indenture  Trustee of any  amendments  pursuant  to this
Section or the creation of a new Indenture and the issuance of the related Class
or Classes of Notes,  the Issuer  shall  require the  Indenture  Trustee to give
notice to the  Holders of the Notes and the  Rating  Agencies  setting  forth in
general terms the substance of the provisions of such amendment.  Any failure of
the  Indenture  Trustee  to  provide  such  notice  as is  required  under  this
paragraph,  or any  defect  therein,  shall not,  however,  in any way impair or
affect the  validity of such  amendment  or any Class of Notes  issued  pursuant
thereto.  Unless the Credit Enhancer agrees in writing, (i) any Classes of Notes
issued  pursuant  to a  supplemental  indenture  shall  not be  entitled  to the
insurance provided by the Credit Enhancement  Instrument and (ii) the Holders of
any such  Classes of Notes shall be  entitled  only to such  distributions  or a
portion of such  distributions  as the Holders would have received as Holders of
Certificates.

         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 Note  Balances of the 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

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<PAGE>



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 Note  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";
                       (iv) reduce the  percentage  of the Note  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.

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<PAGE>




         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.

         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 Note  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 Note
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 Note 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 Note 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  Mortgage  Loans 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  July 31, 1997,  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,  unless  such  officer  knows,  or in the
exercise of reasonable care should know, that the certificate

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<PAGE>



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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<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 Loan Trust 1997-HI1,  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,  Attention:
         Structured Finance  Department--MBS,  telecopier number (212) 363-1459.
         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 or the Issuer, or
join in any institution against the Depositor

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<PAGE>



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 LOAN TRUST 1997-HI1,
                                            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 __th day of January 1997, 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 Place, Wilmington, 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 __th day of January, 1997, before me personally appeared Regina
Bishop,  to me known,  who being by me duly sworn,  did depose and say, that she
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




NOTARIAL SEAL

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<PAGE>



                                    Exhibit A

                                  FORM OF NOTES

                  Unless this 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 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 NOTE IS PAYABLE IN INSTALLMENTS AS SET
FORTH HEREIN.  ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF
THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE
FACE HEREOF.

                  THIS 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  GROUP,  INC. OR ANY OF THEIR  RESPECTIVE  AFFILIATES,
EXCEPT AS EXPRESSLY PROVIDED IN THE INDENTURE OR THE BASIC DOCUMENTS.

                            HOME LOAN TRUST 1997-HI1
                              Home Loan-Backed Note


Class A-__

Registered                                      Principal Amount:  $___________
                                                Percentage Interest:  100%
No. _                                           Note Rate:  ___%

CUSIP NO. ___________

                  Home Loan Trust 1997-HI1,  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 Class A-_ Notes pursuant to Section 3.05 of the Indenture dated
as of January 30, 1997 (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 Note shall be due and
payable on the Payment Date in July 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 Class A-_ Notes will be paid  monthly on each
Payment  Date at the Note  Rate  subject  to  limitations  which  may  result in
Interest  Shortfalls (as further described in the Indenture).  The Note Rate for
the Class A-_ Notes will be ___% per annum.  Interest  will be  computed  on the
basis of a 30-day  month and a 360-day  year.  Principal of and interest on this
Note shall be paid in the manner specified on the reverse hereof.

                  Principal  of and  interest  on this 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 Note shall be applied  first to  interest  due and
payable on this Note as provided above and then to the unpaid  principal of this
Note.

                  Reference is made to the further  provisions  of this Note set
forth on the reverse  hereof,  which shall have the same effect as though  fully
set forth on the face of this Note.

                  Unless  the  certificate  of  authentication  hereon  has been
executed by the Indenture  Trustee whose name appears below by manual signature,
this 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.

                  This  Note is one of a duly  authorized  issue of Notes of the
Issuer,  designated as its Home  Loan-Backed  Notes (herein called the "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 Notes. The Notes are subject to all terms of the Indenture.

                  The Notes (the  "Notes")  are and will be equally  and ratably
secured by the  collateral  pledged as  security  therefor  as  provided  in the
Indenture.

                  This Note is entitled to the  benefits of an  irrevocable  and
unconditional     financial     guaranty     insurance    policy    issued    by
________________________.

                  Principal of and interest on this Note will be payable on each
Payment Date,  commencing  on February 25, 1997, as described in the  Indenture.
"Payment Date" means the twenty-fifth 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 Note shall be due
and payable in full on the Payment Date in July 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 Note  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 Notes  shall be made pro rata to the  holders of Notes  entitled
thereto.


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                                                         2

<PAGE>



                  Payments  of  interest  on this 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 Note,  shall be made by check  mailed to the Person
whose  name  appears  as the  Registered  Holder  of this  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 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 Note
be submitted for notation of payment.  Any reduction in the principal  amount of
this Note (or any one or more  Predecessor  Notes) effected by any payments made
on any Payment Date shall be binding upon all future holders of this Note and of
any 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 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
Date,  and  the  amount  then  due  and  payable  shall  be  payable  only  upon
presentation and surrender of this 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 Note may be registered on
the Note Register upon  surrender of this 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  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 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 Note.

                  Each holder or Beneficial  Owner of a Note, by acceptance of a
Note, or, in the case of a Beneficial Owner of a Note, a beneficial  interest in
a 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 or the Indenture Trustee on the
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

[NY01:244543.5]  16069-00376  01/29/97 11:11pm
                                                         3

<PAGE>



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 Note, by acceptance of a
Note or, in the case of a Beneficial Owner of a Note, a beneficial interest in a
Note,  covenants and agrees by accepting the benefits of the Indenture that such
holder or Beneficial Owner of a Note will not at any time institute  against the
Depositor,  the Seller,  the Master Servicer,  GMAC Mortgage Group,  Inc. or the
Issuer, or join in any institution against the Depositor, the Seller, the Master
Servicer,   GMAC  Mortgage  Group,  Inc.  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 Notes, the Indenture or the Basic Documents.

                  The Issuer has  entered  into the  Indenture  and this Note is
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.  Each holder of a Note, by acceptance of a Note (and each Beneficial
Owner of a Note by  acceptance  of a beneficial  interest in a Note),  agrees to
treat the 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 Note, the Issuer,  the Indenture Trustee and any agent of the Issuer or the
Indenture Trustee may treat the Person in whose name this 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 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 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 Note  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 Note 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  Note (or any one of more
Predecessor Notes) shall be conclusive and binding upon such holder and upon all
future  holders of this Note and of any 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 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 Notes  issued
thereunder but with prior notice to the Rating Agencies and the Credit Enhancer.


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                                                         4

<PAGE>



                  The term  "Issuer" as used in this 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 Notes under the Indenture.

                  The   Notes  are   issuable   only  in   registered   form  in
denominations  as  provided  in the  Indenture,  subject to certain  limitations
therein set forth.

                  This 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
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  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 Note or performance  of, or
omission to  perform,  any of the  covenants,  obligations  or  indemnifications
contained in the  Indenture.  The holder of this 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 Note.

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                                                         5

<PAGE>



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

                     HOME LOAN TRUST 1997-HI1



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


Dated:  January __, 1997


                                                     By
                                                         Authorized Signatory



                          CERTIFICATE OF AUTHENTICATION


This is one of the Notes referred to in the within mentioned Indenture.


                                       THE CHASE MANHATTAN BANK, not
                                       in its individual capacity but solely as
                                       Indenture Trustee


Dated:  January __, 1997


                                                     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 Note and all rights thereunder,  and hereby  irrevocably  constitutes
and                                                                     appoints
- ------------------------------------------------------------------------------
___________________________,  attorney,  to transfer said 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  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.
[NY01:244543.5]  16069-00376  01/29/97 11:11pm

<PAGE>




                            RFC ASSET HOLDINGS, INC.

                                  as Purchaser,

                                       and

                         RESIDENTIAL FUNDING CORPORATION

                                    as Seller









                        MORTGAGE LOAN PURCHASE AGREEMENT

                          Dated as of January 30, 1997















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<PAGE>



                       TABLE OF CONTENTS


                                                                       Page
                           ARTICLE I

              DEFINITIONS

Section 1.1.   Definitions............................................  1
               -----------
              ARTICLE II

              SALE OF MORTGAGE LOANS AND RELATED PROVISIONS

Section 2.1.   Sale of Mortgage Loans.................................  2
               ----------------------

Section 2.2.   Payment of Purchase Price..............................  4
               -------------------------
              ARTICLE III

              REPRESENTATIONS AND WARRANTIES;
              REMEDIES FOR BREACH

Section 3.1.   Seller Representations and Warranties..................  4
               -------------------------------------
              ARTICLE IV

              SELLER'S COVENANTS

Section 4.1.   Covenants of the Seller................................ 12
               -----------------------
               ARTICLE V

               SERVICING

Section 5.1.   Servicing.............................................. 12
               ---------
              ARTICLE VI

               INDEMNIFICATION BY THE SELLER
               WITH RESPECT TO THE MORTGAGE

Section 6.1.   Indemnification With Respect to the Mortgage Loans..... 12
               --------------------------------------------------

Section 6.2.   Limitation on Liability of the Seller.................. 12
               -------------------------------------
              ARTICLE VII

              TERMINATION


                                       -i-
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<PAGE>



Section 7.1.    Termination......................................... 13
                -----------
              ARTICLE VIII

                 MISCELLANEOUS PROVISIONS

Section 8.1.    Amendment........................................... 13
                ---------

Section 8.2.    GOVERNING LAW....................................... 13
                -------------

Section 8.3.    Notices............................................. 14
                -------

Section 8.4.    Severability of Provisions.......................... 14
                --------------------------

Section 8.5.    Relationship of Parties............................. 14
                -----------------------

Section 8.6.    Counterparts........................................ 14
                ------------

Section 8.7.    Further Agreements.................................. 14
                ------------------

Section 8.8.    Intention of the Parties............................ 15
                ------------------------

Section 8.9.    Successors and Assigns; Assignment of This Agreement 15
                ---------------------------------------------------

Section 8.10.   Survival............................................ 15
                --------



                             -ii-
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<PAGE>


                                                                  Page

Exhibits

Exhibit 1                  Mortgage Loan Schedule

                                      -iii-
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<PAGE>



                  This  MORTGAGE  LOAN PURCHASE  AGREEMENT  (this  "Agreement"),
dated as of January 30, 1997, is made between  Residential  Funding  Corporation
(the "Seller") and RFC Asset Holdings, Inc. (the "Purchaser").

                              W I T N E S S E T H :

                  WHEREAS,  the  Seller  owns  Mortgage  Loans  and the  Related
Documents  for the  mortgage  loans  indicated  on the  Mortgage  Loan  Schedule
attached as Exhibit 1 hereto  (collectively,  the "Mortgage  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 Mortgage Loans;

                  WHEREAS,  the parties  hereto  desire that the Seller sell the
Mortgage Loans to the Purchaser pursuant to the terms of this Agreement together
with the Related Documents on the Closing Date;

     WHEREAS,  pursuant to the terms of the Transfer  Agreement,  the  Purchaser
will sell the Mortgage Loans to the Depositor;

                  WHEREAS,  pursuant  to the terms of the Trust  Agreement,  the
Depositor  will sell the  Mortgage  Loans 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, evidencing the beneficial ownership interest in the Trust;

                  WHEREAS,  pursuant to the terms of the  Indenture,  the Issuer
will issue and  transfer  to or at the  direction  of the  Depositor,  the Notes
secured by the Mortgage Loans;

                  WHEREAS, pursuant to the terms of the Servicing Agreement, the
Master  Servicer will service the Mortgage 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 1.1.  Definitions.  For all purposes of this  Mortgage
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  dated January 30, 1997 (the  "Indenture"),  between
Home Loan Trust 1997-HI1, as issuer, and The Chase Manhattan Bank,

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<PAGE>


                                                      -2-

as indenture  trustee,  which is  incorporated  by reference  herein.  All other
capitalized terms used herein shall have the meanings specified herein.

                                   ARTICLE II

                  SALE OF MORTGAGE LOANS AND RELATED PROVISIONS

                  Section 2.1.              Sale of Mortgage 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 Mortgage Loans, all interest
accruing thereon and all collections in respect thereof received on or after the
Cut-off  Date;  (ii)  property  which secured a Mortgage 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 Mortgage Loans; and (iv)
all proceeds of the foregoing.  Such conveyance shall be deemed to be made: with
respect to the Cut-off Date Loan  Balances,  as of the Closing Date,  subject to
the receipt by the Seller of  consideration  therefor as provided  herein  under
clause (b) of Section 2.2.

                  (b) In connection  with such  conveyance,  the Seller  further
agrees,  at its own expense,  on or prior to the Closing Date to indicate in its
books and  records  that the  Mortgage  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 Mortgage  Loans  specifying  for each  Mortgage Loan (i) its
account  number and (ii) its Cut-off Date Loan Balance.  Such lists,  which form
part of the  Mortgage  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
Custodian, on or before the Closing Date, the following documents or instruments
with respect to each Mortgage Loan:

                         (i)  the  original   Mortgage  Note  endorsed   without
         recourse in blank or, with respect to any Mortgage 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;


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<PAGE>


                                                      -3-

                       (iii)  assignments  (which may be included in one or more
         blanket  assignments if permitted by applicable law) of the Mortgage in
         recordable form 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 Mortgage 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  Mortgage  Loan, or the  interests of the  Indenture  Trustee (as
pledgee of the Mortgage Loans), the Noteholders,  the  Certificateholders or the
Credit Enhancer in such Mortgage Loan, including the Seller's failure to deliver
any  document  required  to be  delivered  to the  Custodian  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 Mortgage
Loan at the Repurchase  Price or substitute an Eligible  Substitute Loan for the
related  Mortgage Loan upon the same terms and  conditions  set forth in Section
3.1 hereof for breaches of  representations  and  warranties  as to the Mortgage
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.


[NY01:245061.5]  16069-00376  01/29/97 9:30pm

<PAGE>


                                                      -4-

                  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 Mortgage 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 Mortgage 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 Mortgage Loan and the proceeds thereof.

                  Section 2.2.              Payment of Purchase Price.

                  (a) The "Purchase  Price" for the Mortgage  Loans shall be (i)
an amount equal to $149,198,941.51 in immediately available funds, together with
(ii) the Certificates, in respect of the Cut-off Date Loan Balances thereof.

                  (b) In  consideration  of the sale of the Mortgage  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)
and the Purchaser shall transfer,  or cause to be transferred,  to the Seller on
the Closing Date the Certificates;  provided,  that such payment may be on a net
funding basis if agreed by the Seller and the Purchaser.


                                   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:

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<PAGE>


                                                      -5-


                         (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 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

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                                                      -6-

         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  Mortgage  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 Mortgage  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

                      (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 Mortgage Loans:

                         (i) The  information  set  forth in the  Mortgage  Loan
         Schedule  for such  Mortgage  Loans is true and correct in all material
         respects as of the date or dates  respecting  which such information is
         furnished;

                        (ii) Approximately 9.6% of the Mortgage Pool, by Cut-off
         Date  Loan  Balance,  were  originated  under a program  providing  for
         partial  insurance  by the FHA  pursuant  to  Title  I of the  National
         Housing Act. Each FHA Title I Loan was  originated  in accordance  with
         all FHA requirements as set forth in the Title I Regulations.  No event
         has occurred  which would  invalidate  or cancel the FHA  Insurance for
         such FHA Title I Loan.

                       (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  Mortgage
         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  Mortgage Loans to sell and assign the same
         pursuant to this Agreement;

     (iv) To the best of Seller's knowledge,  there is no valid offset,  defense
or counterclaim of any obligor under any Mortgage;

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<PAGE>


                                                      -7-

     (v) To the best of Seller's knowledge,  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  Mortgage  Loan  was 30  days or more
delinquent;

     (ix) For each Mortgage 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;

                        (xi) A policy of title  insurance in the form and amount
         required by the Program  Guide was  effective as of the closing of each
         Mortgage  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 Mortgage
         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) No more than  73.8% of the  Mortgage  Loans,  by  Cut-off  Date Loan
Balance, are secured by Mortgaged Properties located in California;

     (xiv) As of the Cut-off Date,  84.34% of the Mortgage  Loans had a Combined
Loan-to-Value Ratio in excess of 100%;

                        (xv)        [Reserved];

     (xvi) The Seller has not  transferred  the Mortgage  Loans to the Purchaser
with any intent to hinder, delay or defraud any of its creditors;

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<PAGE>


                                                      -8-

                      (xvii)        [Reserved];

                     (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  Mortgage  is  substantially  similar one to the other and is an
enforceable obligation of the related Mortgagor;

     (xx) To the best of Seller's  knowledge,  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;

                      (xxii)        [Reserved];


  (xxiii)  
    None of the Mortgage Loans are reverse mortgage loans;

                      (xxiv) No Mortgage  Loan has an original  term to maturity
         of less than 13 months.  All of the  Mortgage  Loans are fixed rate and
         are fully amortizing. As of the Cut-off Date, the Mortgage Rates on the
         Mortgage Loans range between 9.99% and 17.99% and the weighted  average
         Mortgage Rate is approximately  14.35% The weighted  average  remaining
         term to scheduled maturity of the Mortgage Loans as of the Cut-off Date
         is approximately 236 months;

                       (xxv) (A) Each  Mortgaged  Property  with  respect to the
         Mortgage  Loans  consists of a single  parcel of real  property  with a
         single family  residence  erected thereon,  manufactured  housing or an
         individual condominium unit. (B) With respect to the Mortgage Loans (i)
         approximately  4.17% (by Cut-off Date Loan Balance) are secured by real
         property improved by individual  condominium  units, (ii) approximately
         0.14% (by  Cut-off  Date Loan  Balance)  are  secured by real  property
         improved by  manufactured  housing and (iii)  approximately  95.70% (by
         Cut-off Date Loan  Balance) are secured by real  property with a single
         family residence erected thereon;

     (xxvi)  Approximately  0.13%,  99.09% and 0.78% of the Mortgage  Loans,  by
Cut-off Date Loan Balance are first, second and third liens, respectively;

                     (xxvii) Each Subservicer meets all applicable  requirements
         under the  Servicing  Agreement,  is properly  qualified to service the
         Mortgage  Loans and has been  servicing the Mortgage Loans prior to the
         Cut-off Date in accordance with the terms of the Program Guide;

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<PAGE>


                                                      -9-


                    (xxviii) For each Mortgage  Loan,  flood  insurance has been
         obtained which meets all applicable requirements of Section 3.04 of the
         Servicing Agreement.  For each Mortgage Loan (other than an FHA Title I
         Loan),  hazard  insurance has been obtained  which meets all applicable
         requirements of Section 3.04 of the Servicing Agreement;

                      (xxix) 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 Mortgage Loan;

                       (xxx)  No  instrument  of  release  or  waiver  has  been
         executed in connection  with the Mortgage  Loans,  and no Mortgagor has
         been released,  in whole or in part from its  obligations in connection
         with a Mortgage Loan;

                      (xxxi) With respect to each Mortgage Loan that is a second
         or third lien, either (i) no consent for the Mortgage Loan was required
         by the holder of the related  prior lien or liens or (ii) such  consent
         has been obtained and is contained in the mortgage file;

                     (xxxii) With respect to each Mortgage Loan,  either (i) the
         Mortgage Loan is assumable  pursuant to the terms of the Mortgage Note,
         or (ii) the  Mortgage  Loan  contains  a  customary  provision  for the
         acceleration  of the  payment  of the unpaid  principal  balance of the
         Mortgage  Loan in the  event the  related  Mortgaged  Property  is sold
         without the prior consent of the mortgagee thereunder;

                    (xxxiii) Each FHA Title I Loan has been submitted to the FHA
         for  insurance  pursuant  to the FHA Title I loan  program and each FHA
         Title I Loan has been or will be  assigned a case number by the FHA for
         the FHA Title I loan program within 240 days from the date hereof; and

                     (xxxiv) The portion of the FHA Reserve  Amount with respect
         to each FHA Title I Loan has been or will be transferred to the Title I
         Contract Holder within 240 days from the date hereof.

         (c) Upon  discovery  by Seller or upon notice from the  Purchaser,  the
Credit Enhancer,  the Issuer,  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 Mortgage Loan, the
Seller shall, within 45 days of its discovery or its receipt of notice of such

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<PAGE>


                                                      -10-

breach,  either (i) cure such  breach in all  material  respects  or (ii) to the
extent  that  such  breach  is with  respect  to a  Mortgage  Loan or a  Related
Document,  either  (A)  repurchase  such  Mortgage  Loan from the  Issuer at the
Repurchase  Price, or (B) substitute one or more Eligible  Substitute  Loans for
such Mortgage 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 Issuer,  the Owner Trustee,  the Indenture
Trustee or any Custodian,  as applicable,  of a breach of any  representation or
warranty  in clause (b) above with  respect to any  Mortgage  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,  or of
the  Purchaser  in such  Mortgage  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 Mortgage Loan from the Issuer at
the Repurchase  Price, or (ii) substitute one or more Eligible  Substitute Loans
for such Mortgage Loan, in each case in the manner and subject to the conditions
set forth below.  The Repurchase Price for any such Mortgage 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.

                  The Seller may only substitute an Eligible  Substitute Loan or
Loans for a Deleted Loan  pursuant to this Section 3.1 if the Seller  obtains an
Opinion of Counsel  generally to the effect that the substitution of an Eligible
Substitute  Loan or Loans  for a Deleted  Loan  will not  cause an entity  level
federal or state income tax to be imposed on the Owner  Trust.  The Seller shall
also  deliver to the  Custodian  on behalf of the Issuer,  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  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  Mortgage  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  Mortgage Loan
Schedule to the Owner Trustee.  Upon such substitution,  the Eligible Substitute
Loan or Loans shall be subject to the terms of this

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<PAGE>


                                                      -11-

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), (xxv)(B) and (xxvi) (and other than clauses
(ii),  (xxxiii) and (xxxiv) if such Mortgage Loan  substituted  by the Seller is
not a Title I Loan)) 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.

                  Upon receipt by the Indenture  Trustee on behalf of the Issuer
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  Indenture  Trustee shall release to the Seller the
related Mortgage File for the Mortgage Loan being repurchased or substituted for
and the Indenture Trustee on behalf of the Issuer 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  Mortgage  Loan  released  pursuant  hereto and  thereafter  such
Mortgage Loan shall not be an asset of the Issuer.

                  It is understood  and agreed that the obligation of the Seller
to cure any breach,  or to repurchase or substitute for, any Mortgage 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 Issuer, 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 Issuer, or the Custodian.


                                   ARTICLE IV

                               SELLER'S COVENANTS


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<PAGE>


                                                      -12-

                  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 Mortgage Loan, or any interest  therein,  the Seller will
notify the Issuer,  as assignee of the  Depositor,  which in turn is assignee of
the  Purchaser,  of the existence of any Lien (other than as provided  above) on
any Mortgage Loan immediately upon discovery thereof; and the Seller will defend
the right, title and interest of the Issuer, as assignee of the Depositor, which
in turn is  assignee  of the  Purchaser,  in, to and under  the  Mortgage  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.


                                    ARTICLE V

                                    SERVICING

     Section 5.1. Servicing. The Seller will service the Mortgage Loans pursuant
to the terms and  conditions  of the  Servicing  Agreement  and will service the
Mortgage  Loans  directly  or through  one or more  subservicers  in  accordance
therewith.
                                   ARTICLE VI

                          INDEMNIFICATION BY THE SELLER
                       WITH RESPECT TO THE MORTGAGE LOANS

                  Section  6.1.  Indemnification  With  Respect to the  Mortgage
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 Mortgage 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 Owner

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<PAGE>


                                                      -13-

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  obligations  as provided  herein,  upon the
termination of the Owner Trust pursuant to the terms of the Trust 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.

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<PAGE>


                                                      -14-

                  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 Loan Trust 1997-HI1

or, such other address as may hereafter be furnished to the Purchaser 
in writing by the Seller.

                  (ii)     if to the Purchaser:

              RFC Asset Holdings, Inc.
              8400 Normandale Lake Boulevard
              Suite 700
              Minneapolis, Minnesota 55437
              Attention:                Home Loan Trust 1997-HI1

or such other address as may hereafter be furnished to the Seller in writing
by the Purchaser.

                  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.
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<PAGE>


                                                      -15-


                  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
Mortgage Loans, rather than a loan by the Purchaser to the Seller secured by the
Mortgage  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 Mortgage  Loans.  The Purchaser will have the
right to review the Mortgage  Loans and the Related  Documents to determine  the
characteristics  of the Mortgage  Loans which will affect the federal income tax
consequences of owning the Mortgage 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 Credit  Enhancer's and 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 Mortgage  Loans for the
purpose of  transferring  them to the  Depositor,  who will in turn transfer the
Mortgage  Loans  to the  Issuer,  which  will  issue  Certificates  representing
interests in and Notes secured by such Mortgage  Loans.  As an inducement to the
Purchaser to purchase the Mortgage Loans,  the Seller  acknowledges and consents
to (i)  (a) the  assignment  by the  Purchaser  to the  Depositor  of all of the
Purchaser's rights against the Seller pursuant to this Agreement insofar as such
rights  relate  to  Mortgage  Loans  transferred  to  the  Depositor  and to the
enforcement  or exercise of any right or remedy  against the Seller  pursuant to
this  Agreement by the Depositor and (b) the  assignment by the Depositor to the
Issuer of all the Depositor's rights against the Seller pursuant to the Transfer
Agreement,  insofar as such rights relate to Mortgage  Loans  transferred to the
Issuer and to the  enforcement  or exercise  of any right or remedy  against the
Seller  pursuant  to this  Agreement  by the  Issuer,  (ii) the  enforcement  or
exercise of any right or remedy against the Seller pursuant to this Agreement by
or on behalf of the Issuer 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 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 Mortgage Loans hereunder.
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<PAGE>


                                                      -16-

                  IN WITNESS  WHEREOF,  the Seller and the Purchaser have caused
their  names to be signed to this  Mortgage  Loan  Purchase  Agreement  by their
respective officers thereunto duly authorized as of the day and year first above
written.

                                 RFC ASSET HOLDINGS, INC.
                                          as Purchaser


                                 By:
                  Name:
                 Title:



                                 RESIDENTIAL FUNDING CORPORATION
                                          as Seller


                                 By:
                  Name:
                                 Title:            Director


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<PAGE>


                                    Exhibit 1

                             MORTGAGE LOAN SCHEDULE



                           TO BE PROVIDED UPON REQUEST

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<PAGE>




                                                         1

                               TRANSFER AGREEMENT


                  TRANSFER AGREEMENT (this "Agreement"), dated January 30, 1997,
between RFC ASSET  HOLDINGS,  INC., a Delaware  corporation,  as transferor (the
"Transferor"),   and  RESIDENTIAL  FUNDING  MORTGAGE  SECURITIES  II,  INC.,  as
transferee (the "Depositor").

                  WHEREAS,  the Transferor  purchased the Mortgage Loans and the
Related Documents for the home loans indicated on the Mortgage Schedule attached
as Exhibit 1 hereto (collectively, the "Mortgage 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 Mortgage
Loans, pursuant to the Mortgage Loan Purchase Agreement.

                  WHEREAS,  the parties hereto desire that the  Transferor  sell
the Mortgage Loans to the Depositor pursuant to the terms of this Agreement;

                  Each of the Transferor  and the Depositor has duly  authorized
the execution,  delivery and  performance of this Agreement and is entering into
this Agreement for good and valuable consideration,  the receipt and sufficiency
of which are hereby acknowledged.

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

                  1. All  capitalized  terms used but not defined  herein  shall
have the meanings  assigned thereto in Appendix A to the indenture dated January
30, 1997 (the "Indenture"), between Home Loan Trust 1997-HI1, as issuer, and The
Chase Manhattan Bank, as indenture trustee.

                  2.  Concurrently  with the execution and delivery hereof,  the
Transferor does hereby sell, transfer,  assign, set over and otherwise convey to
the  Depositor,  without  recourse,  all of the  Transferor's  right,  title and
interest in and to the  Mortgage  Loans and all of the  Transferor's  rights and
remedies against the Seller as provided in the Mortgage Loan Purchase Agreement.

                  3.  Concurrently  with the execution and delivery hereof,  the
Depositor shall issue and deliver the  Certificates to the Transferor as part of
the consideration to the Transferor by the Depositor pursuant to this Agreement.
In addition,  the Depositor concurrently herewith shall pay to the Transferor in
immediately  available funds an amount equal to  $149,198,941.51  as part of the
consideration  payable to the Transferor  pursuant to this  Agreement;  provided
that such payment may be on a net funding basis if agreed by the  Transferor and
the Depositor.

                  4.  The  parties  hereto  acknowledge  that the  Depositor  is
acquiring  the Mortgage  Loans for the purpose of selling the Mortgage  Loans to
the Issuer,  which Mortgage  Loans shall be pledged to the Indenture  Trustee to
secure certain Notes to be issued by the Issuer.


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<PAGE>


                                                         2

                  5. It is intended that the conveyance of the Mortgage Loans by
the  Transferor  to the  Depositor  as  provided  in this  Agreement  be, and be
construed  as, an absolute sale of the Mortgage  Loans by the  Transferor to the
Depositor.  Furthermore,  it is not intended  that such  conveyance  be deemed a
pledge of the Mortgage Loans by the Transferor to the Depositor to secure a debt
or  other   obligation  of  the   Transferor.   However,   in  the  event  that,
notwithstanding  the intent of the parties,  the  Mortgage  Loans are held to be
property  of the  Transferor,  or if for any reason  this  Agreement  is held or
deemed to create a security  interest in the Mortgage Loans, then it is intended
that:

                  (a) this Agreement  shall also be deemed a security  agreement
within the meaning of Articles 8 and 9 of the New York Uniform  Commercial  Code
and the Uniform Commercial Code of any other applicable jurisdiction;

                  (b) the  conveyance  provided for in this  Agreement  shall be
deemed to be a grant by the  Transferor to the Depositor of a security  interest
in all of the Transferor's  right (including the power to convey title thereto),
title and interest, whether now owned or hereafter acquired in, to and under the
Mortgage Loans;

                  (c) the  possession by the  Indenture  Trustee or its agent of
the Mortgage  Loans or such other items of property as  constitute  instruments,
money,  negotiable  documents or chattel paper shall be deemed to be "possession
by the secured  party," or possession  by a purchaser or a person  designated by
such secured party, for purposes of perfecting the security interest pursuant to
the New York Uniform  Commercial  Code and Uniform  Commercial Code of any other
applicable jurisdiction (including, without limitation, Sections 9-305, 8-313 or
8-321 thereof); and

                  (d)  notifications  to  persons  holding  such  property,  and
acknowledgements,  receipts or confirmations from persons holding such property,
shall be deemed notifications to, or acknowledgements, receipts or confirmations
from,  financial  intermediaries,  bailees  or  agents  (as  applicable)  of the
Indenture  Trustee for the purpose of perfecting  such security  interest  under
applicable law.

                  The  Transferor  shall,  to the  extent  consistent  with this
Agreement,  take such reasonable  actions as may be necessary to ensure that, if
this Agreement  were deemed to create a security  interest in the Mortgage Loans
described  above,  such  security  interest  would be deemed  to be a  perfected
security  interest of first priority under applicable law and will be maintained
as such throughout the term of this Agreement.

   6.       The Transferor hereby represents and warrants to the Depositor that:

                         (a) The  Transferor  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 Transferor 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

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<PAGE>


                                                         3

         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 Transferor;

                         (b) The Transferor 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 Transferor  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;

                         (c)  The  Transferor  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;

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

                         (e) No  litigation or  administrative  proceeding of or
         before any court,  tribunal or governmental body is currently  pending,
         or  to  the  knowledge  of  the  Transferor  threatened,   against  the
         Transferor or any of its  properties or with respect to this  Agreement
         or the  Certificates  which  in the  opinion  of the  Transferor  has a
         reasonable  likelihood of resulting in a material adverse effect on the
         transactions contemplated by this Agreement.

                         (f)  This  Agreement  constitutes  a legal,  valid  and
         binding   obligation  of  the  Transferor,   enforceable   against  the
         Transferor 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);

                         (g) This  Agreement  constitutes  a valid  transfer and
         assignment  to the  Depositor  of all right,  title and interest of the
         Transferor  in and to the Mortgage  Loans,  all monies due or to become
         due with respect thereto, and all proceeds of such Cut-off

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<PAGE>


                                                         4

         Date Loan Balances with respect to the Mortgage 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 Depositor by the Transferor;

                         (h) The  Transferor  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;

                         (i) Immediately prior to the assignment of the Mortgage
         Loans,  the Transferor was the sole  beneficial  owner of each Mortgage
         Loan, free and clear of any pledge,  lien,  security  interest or other
         encumbrance,  and such assignment  validly  transfers  ownership of the
         Mortgage Loans free and clear of any pledge, lien, security interest or
         other encumbrance; and

                         (j) The  Transferor has no notice of any adverse claims
         with respect to the Mortgage Loans and acquired all of its right, title
         and  interest in, to and under the  Mortgage  Loans for value,  in good
         faith and without notice of any such advsere claims.

         In the event of any material breach of the Transferor's representations
under  clause (i) above as to any  Mortgage  Loan,  which  breach has a material
adverse  effect on the  Mortgage  Loan and  which is not  cured in all  material
respects  within 90 days of written notice hereof,  the Transferor  shall either
repurchase or substitute for such Mortgage Loan as provided in Section 3.1(c) of
the Mortgage Loan Purchase Agreement.

         It is understood  and agreed that the  representations,  warranties and
obligations  set  forth in this  Section 6 shall  survive  the  delivery  of the
Mortgage  Loans by the  Transferor  to the Depositor and by the Depositor to the
Issuer,  and the pledge of such  Mortgage  Loans by the Issuer to the  Indenture
Trustee under the Indenture.

                  7. This Agreement shall inure to the benefit of and be binding
upon the parties  hereto and their  respective  successors  and assigns,  and no
other person shall have any right or obligation hereunder.

                  8. All demands and notices  hereunder  shall be in writing and
shall be deemed  effective upon receipt when delivered to (a) in the case of the
Transferor, RFC Asset Holdings, Inc., 8400 Normandale Lake Boulevard, Suite 700,
Minneapolis, Minnesota 55437, Attention: Teresa Rae Farley or such other address
as may  hereafter be furnished to the  Depositor  and the  Indenture  Trustee in
writing by the  Transferor,  and (b) in the case of the  Depositor,  Residential
Funding Mortgage Securities II, Inc., 8400 Normandale Lake Boulevard, Suite 700,
Minneapolis,  Minnesota 55437,  Attention:  Investor Relations,  Home Loan Trust
1997-HI1,  or such other address as may hereafter be furnished to the Transferor
in writing by the Depositor,

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<PAGE>


                                                         5

with a copy to Residential Funding Corporation,  8400 Normandale Lake Boulevard,
Suite 700, Minneapolis,  Minnesota 55437,  Attention:  Investor Relations,  Home
Loan Trust 1997-HI1.
                  9.       THIS 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.

                  10. Neither this Agreement nor any term hereof may be changed,
waived  discharged or terminated except by a writing signed by the party against
whom  enforcement  of such change,  waiver,  discharge or termination is sought.
This Agreement may be signed in any number of counterparts,  each of which shall
be deemed an original,  which taken together  shall  constitute one and the same
instrument.



[NY01:259999.5]  16069-00376  01/29/97 9:06pm

<PAGE>



                  IN WITNESS  WHEREOF,  the  Transferor  and the Depositor  have
caused this Agreement to be duly executed by their respective officers thereunto
duly authorized as of the day and year first above written.


                         RFC ASSET HOLDINGS, INC.
                                  Transferor

                         By:_____________________________________________
                         Name:
                         Title:



                         RESIDENTIAL FUNDING MORTGAGE
                         SECURITIES II, INC.
                                  Depositor

                         By:_____________________________________________
                         Name:
                         Title:






<PAGE>


                                    EXHIBIT 1

                             MORTGAGE LOAN SCHEDULE

                           TO BE PROVIDED UPON REQUEST



<PAGE>





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