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As Of Filer Filing For·On·As Docs:Size Issuer Agent 6/01/07 Novastar Mtge Funding Tr … 2007-2 424B5 1:9.8M Vintage/FA NovaStar Certificates Financing Corp Novastar Mortgage Funding Corp |
Document/Exhibit Description Pages Size 1: 424B5 Prospectus HTML 4.92M
Prospectus
Supplement
(To
the prospectus dated June 16, 2006)
|
||
NovaStar
Mortgage Funding Trust, Series 2007-2
Issuing
Entity
|
$1,324,400,000
|
|
NovaStar
Mortgage, Inc.
Sponsor
and Servicer
|
||
NovaStar
Mortgage Funding Corporation
Depositor
|
NovaStar
Home Equity Loan Asset-Backed Certificates, Series
2007-2
|
Consider
carefully the risk factors starting on page S-12 of this prospectus
supplement and page 5 of the prospectus before making a decision
to invest
in the certificates.
The
offered certificates represent beneficial ownership interests in
the
issuing entity. The offered certificates are not interests in or
obligations of the Sponsor, Servicer, the Depositor, any of their
affiliates, or any other person.
No
governmental agency or instrumentality has insured or guaranteed
the
offered certificates or the underlying mortgage loans.
|
The
Certificates-
Interest
and principal on each class of certificates is scheduled to be paid
monthly on the 25th day of the month or, if such day is not a business
day, the next succeeding business day. The first scheduled distribution
date is June 25, 2007.
Credit
Enhancement-
The
more senior classes of certificates will have the benefit of the
subordination of the more subordinated classes.
All
classes of Class A and Mezzanine Certificates will be supported by
overcollateralization, which is available to absorb losses.
Certain
mortgage loans are covered by mortgage insurance policies.
Excess
cashflow will be available to absorb losses and maintain or restore
overcollateralization.
Pre-Funding-
The
trust fund has a pre-funding
feature.
|
Initial
Aggregate
Certificate
Balance
|
|
Pass-Through
Rate(1)
|
|
Price
to
Public
|
|
Underwriting
Discount
|
|
Proceeds
to the
Depositor
(2)
|
||||||||
Class
A-1A Certificates
|
$
|
779,369,000
|
LIBOR
+ 0.20000
|
%
|
100.000000
|
%
|
0.19425
|
%
|
$
|
777,855,104
|
||||||
Class
A-2A Certificates
|
$
|
140,080,000
|
LIBOR
+ 0.09000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
139,729,800
|
||||||
Class
A-2B Certificates
|
$
|
80,420,000
|
LIBOR
+ 0.16000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
80,218,950
|
||||||
Class
A-2C Certificates
|
$
|
49,730,000
|
LIBOR
+ 0.18000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
49,605,675
|
||||||
Class
A-2D Certificates
|
$
|
18,601,000
|
LIBOR
+ 0.27000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
18,554,498
|
||||||
Class
M-1 Certificates
|
$
|
70,700,000
|
LIBOR
+ 0.30000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
70,523,250
|
||||||
Class
M-2 Certificates
|
$
|
49,700,000
|
LIBOR
+ 0.32000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
49,575,750
|
||||||
Class
M-3 Certificates
|
$
|
23,800,000
|
LIBOR
+ 0.34000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
23,740,500
|
||||||
Class
M-4 Certificates
|
$
|
21,700,000
|
LIBOR
+ 0.50000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
21,645,750
|
||||||
Class
M-5 Certificates
|
$
|
21,700,000
|
LIBOR
+ 0.68000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
21,645,750
|
||||||
Class
M-6 Certificates
|
$
|
18,900,000
|
LIBOR
+ 0.95000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
18,852,750
|
||||||
Class
M-7 Certificates
|
$
|
18,900,000
|
LIBOR
+ 1.75000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
18,852,750
|
||||||
Class
M-8 Certificates
|
$
|
15,400,000
|
LIBOR
+ 2.50000
|
%
|
100.000000
|
%
|
0.25000
|
%
|
$
|
15,361,500
|
||||||
Class
M-9 Certificates
|
$
|
15,400,000
|
LIBOR
+ 2.50000
|
%
|
91.546875
|
%
|
0.25000
|
%
|
$
|
14,059,719
|
||||||
Total
|
$
|
1,324,400,000
|
$
|
1,320,221,746
|
(1) |
Subject
to increase as described herein and subject to an available funds
cap rate
described herein and a maximum rate of 11%, except for the Class
A-2A
Certificates which are not subject to a maximum
rate.
|
RBS
GREENWICH
CAPITAL |
WACHOVIA
SECURITIES |
DEUTSCHE
BANK
SECURITIES |
(Joint
Lead Managers and Joint Book-Runners)
|
||
S-1
|
|
Description
of the Certificates
|
S-1
|
Pre-Funding
Feature
|
S-5
|
Distributions
on the Certificates
|
S-5
|
Calculation
of LIBOR
|
S-8
|
Credit
Enhancement
|
S-8
|
Allocation
of Losses
|
S-10
|
Removal
and Substitution of Mortgage Loans
|
S-10
|
Advancing
|
S-11
|
Servicing
Fee
|
S-11
|
Clean-up
Call
|
S-11
|
Federal
Income Tax Consequences
|
S-11
|
ERISA
Considerations
|
S-11
|
Legal
Investment
|
S-11
|
Ratings
|
S-12
|
Risk
Factors
|
S-13
|
Use
of Proceeds
|
S-26
|
Description
of the Mortgage Pool
|
S-26
|
Adjustable
Rate Feature of the ARM Loans
|
S-45
|
Mortgage
Loan Groups
|
S-45
|
The
Initial Group I Mortgage Loans
|
S-45
|
The
Initial Group II Mortgage Loans
|
S-62
|
Conveyance
of Subsequent Mortgage Loans and the Pre-Funding Account
|
S-79
|
The
Originator
|
S-80
|
Underwriting
Standards for the Mortgage Loans
|
S-80
|
Delinquency
and Loss Information for the Mortgage Loans
|
S-84
|
Private
Mortgage Insurance Policies
|
S-85
|
Additional
Information
|
S-89
|
The
Sponsor
|
S-89
|
Limitations
on Liability
|
S-90
|
The
Servicer
|
S-90
|
Foreclosure
and Delinquency Experience with Non-Conforming Mortgage
Loans
|
S-91
|
Static
Pool Information
|
S-91
|
NovaStar
Financial
|
S-92
|
The
Depositor
|
S-92
|
The
Trustee
|
S-93
|
General
|
S-93
|
DBNTC
|
S-93
|
The
Custodian
|
S-94
|
The
Back-Up Servicer
|
S-94
|
Countrywide
Home Loans Servicing LP
|
S-94
|
The
Hedge Providers
|
S-98
|
Wachovia
Bank, National Association
|
S-98
|
The
Royal Bank of Scotland plc
|
S-98
|
Deutsche
Bank AG
|
S-98
|
Legal
Proceedings
|
S-99
|
Affiliations
|
S-99
|
Description
of the Certificates
|
S-99
|
General
|
S-99
|
Payments
|
S-101
|
Certificates
Supported by Each Group
|
S-101
|
Available
Funds
|
S-101
|
Interest
Payments on the Certificates
|
S-102
|
Supplemental
Interest Trust
|
S-104
|
Summary
of Interest Rate Hedge Agreements
|
S-104
|
Interest
Allocations
|
S-107
|
Principal
Allocations
|
S-109
|
Credit
Enhancement
|
S-113
|
Overcollateralization
Provisions, Allocation of Losses and Subsequent Recoveries
|
S-113
|
Definitions
|
S-115
|
Fees
and Expenses
|
S-127
|
Calculation
of One-Month LIBOR
|
S-127
|
Advances
|
S-128
|
Book-Entry
Certificates
|
S-129
|
Assignment
of Mortgage Loans
|
S-133
|
The
Paying Agent
|
S-134
|
Optional
Termination
|
S-134
|
Optional
Purchase Pledge
|
S-134
|
Certain
Yield and Prepayment Considerations
|
S-134
|
The
Pooling and Servicing Agreement
|
S-160
|
Servicing
and Other Compensation
|
S-160
|
Purchase
of Delinquent Mortgage Loans
|
S-160
|
Servicing
Defaults
|
S-160
|
Limitation
on Suits
|
S-162
|
The
Custodian and the Trustee
|
S-162
|
Material
Federal Income Tax Consequences
|
S-163
|
REMIC
Elections
|
S-163
|
Discount
and Premium
|
S-164
|
Cap
Contract
|
S-164
|
Other
Matters
|
S-166
|
ERISA
Considerations
|
S-166
|
Method
of Distribution
|
S-168
|
Certain
Legal Matters
|
S-170
|
Ratings
|
S-171
|
Legal
Investment
|
S-171
|
Annex
I Global Clearance, Settlement and Tax Documentation
Procedures
|
S-172
|
Initial
Settlement
|
S-172
|
S-172
|
|
Certain
U.S. Federal Income Tax Documentation Requirements
|
S-174
|
·
|
a
pool of subprime mortgage loans consisting of two groups — a group of
residential first-lien and second-lien, fixed and adjustable rate
mortgage
loans designated as Group I (which is comprised entirely of conforming
balance mortgage loans) and a group of residential first-lien and
second-lien, fixed and adjustable rate mortgage loans designated
as Group
II (which is comprised of conforming and non-conforming balance mortgage
loans);
|
·
|
money
on deposit in a pre-funding account which will be used to purchase
subsequent mortgage loans for inclusion in the
pool;
|
·
|
money
on deposit in any interest coverage account which may be established
to
fund shortfalls in collections of interest due to the pre-funding
feature;
and
|
·
|
first,
the available funds representing interest from both Groups of mortgage
loans to the Class I Certificates,
|
·
|
second,
concurrently, with equal priority in payment, (i) the remaining available
funds representing interest from the Group I mortgage loans to the
Group I
Certificates and (ii) the remaining available funds representing
interest
from the Group II mortgage loans to the Group II
Certificates,
|
·
|
third,
from the remaining available funds representing interest from one
group of
mortgage loans to the class(es) of Class A Certificates related to
the
other group of mortgage loans, to the extent necessary to distribute
any
interest entitlement remaining undistributed,
and
|
·
|
fourth,
the remaining available funds representing interest from the Group
I and
Group II mortgage loans sequentially to the classes of Mezzanine
Certificates according to numerical class
designation.
|
·
|
first,
the available funds representing principal and excess cashflow from
the
Group I mortgage loans, to the Class A-1A Certificates until retired;
|
·
|
second,
the available funds representing principal and excess cashflow from
the
Group II mortgage loans, to the Class A-2A Certificates until retired,
then to the Class A-2B Certificates, until retired, then to the Class
A-2C
Certificates, until retired, and then to the Class A-2D Certificates,
until retired (however, if all of the Mezzanine Certificates are
reduced
or written down to zero, the related share of principal and excess
cashflow from the Group II mortgage loans will be distributed to
the Group
II Certificates pro rata, based on certificate principal balance
until
their certificate principal balances are paid to zero);
and
|
·
|
third,
the remaining available funds representing principal and excess cashflow
from the Group I and Group II mortgage loans to the Mezzanine Certificates
according to numerical class designation, until
retired.
|
Class
|
LIBOR
Rate
|
|
Class
A-1A Certificates
|
LIBOR
plus 0.20000%
|
|
Class
A-2A Certificates
|
LIBOR
plus 0.09000%
|
|
Class
A-2B Certificates
|
LIBOR
plus 0.16000%
|
|
Class
A-2C Certificates
|
LIBOR
plus 0.18000%
|
|
Class
A-2D Certificates
|
LIBOR
plus 0.27000%
|
|
Class
M-1 Certificates
|
LIBOR
plus 0.30000%
|
|
Class
M-2 Certificates
|
LIBOR
plus 0.32000%
|
|
Class
M-3 Certificates
|
LIBOR
plus 0.34000%
|
|
Class
M-4 Certificates
|
LIBOR
plus 0.50000%
|
|
Class
M-5 Certificates
|
LIBOR
plus 0.68000%
|
|
Class
M-6 Certificates
|
LIBOR
plus 0.95000%
|
|
Class
M-7 Certificates
|
LIBOR
plus 1.75000%
|
|
Class
M-8 Certificates
|
LIBOR
plus 2.50000%
|
|
Class
M-9 Certificates
|
LIBOR
plus 2.50000%
|
|
Class
M-10 Certificates
|
LIBOR
plus 2.50000%
|
Class
|
LIBOR
Rate After Step Up
|
|
Class
A-1A Certificates
|
LIBOR
plus 0.40000%
|
|
Class
A-2A Certificates
|
LIBOR
plus 0.18000%
|
|
Class
A-2B Certificates
|
LIBOR
plus 0.32000%
|
|
Class
A-2C Certificates
|
LIBOR
plus 0.36000%
|
|
Class
A-2D Certificates
|
LIBOR
plus 0.54000%
|
|
Class
M-1 Certificates
|
LIBOR
plus 0.45000%
|
|
Class
M-2 Certificates
|
LIBOR
plus 0.48000%
|
|
Class
M-3 Certificates
|
LIBOR
plus 0.51000%
|
|
Class
M-4 Certificates
|
LIBOR
plus 0.75000%
|
|
Class
M-5 Certificates
|
LIBOR
plus 1.02000%
|
|
Class
M-6 Certificates
|
LIBOR
plus 1.42500%
|
|
Class
M-7 Certificates
|
LIBOR
plus 2.62500%
|
|
Class
M-8 Certificates
|
LIBOR
plus 3.75000%
|
|
Class
M-9 Certificates
|
LIBOR
plus 3.75000%
|
|
Class
M-10 Certificates
|
LIBOR
plus 3.75000%
|
·
|
the
scheduled principal on the mortgage loans collected or advanced during
the
related due period;
|
·
|
unscheduled
principal on the mortgage loans (including recoveries on defaulted
mortgage loans) collected during the prior prepayment period;
and
|
·
|
excess
interest to the extent necessary to maintain or restore the
overcollateralization amount to the required overcollateralization
amount
minus any overcollateralization release
amount.
|
·
|
no
principal distributions will be made to certificateholders from interest
only loans during their interest only period except in the case of
a
prepayment, which may extend the weighted average lives of the
notes;
|
·
|
during
the interest only period interest only loans may be less likely to
prepaid
since the perceived benefits of refinancing may be less than with
a fully
amortizing mortgage loan;
|
·
|
as
the end of the interest only period approaches, an interest only
loan may
be more likely to be refinanced in order to avoid the increase in
the
monthly payment required to amortize the loan over its remaining
term;
|
·
|
interest
only loans may be more likely to default than fully amortizing loans
a the
end of the interest only period due to the increased monthly payment
required to amortize the loan over its remaining term;
and
|
·
|
if
an interest only loan defaults, the severity of loss may be greater
due to
the larger unpaid principal balance.
|
|
·
|
|
exploration
of strategic alternatives may distract management and disrupt operations,
which could have a material adverse impact on NFI’s operating
results;
|
|
·
|
|
the
process of exploring strategic alternatives may be time consuming
and
expensive;
|
|
·
|
|
NFI
may not be able to successfully achieve the benefits of the strategic
alternative it undertakes; and
|
|
·
|
|
perceived
uncertainties as to NFI’s future direction may result in the loss of
employees, customers or business
partners.
|
Geographical
Distribution
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Alabama
|
104
|
1.12
|
%
|
10.241
|
%
|
346
|
84.66
|
%
|
590
|
|||||||||||||
Alaska
|
7
|
1,577,285.34
|
0.17
|
9.815
|
358
|
88.63
|
636
|
|||||||||||||||
Arizona
|
167
|
32,020,719.94
|
3.39
|
8.893
|
352
|
80.55
|
614
|
|||||||||||||||
Arkansas
|
55
|
6,368,271.49
|
0.67
|
9.450
|
351
|
83.72
|
605
|
|||||||||||||||
California
|
314
|
94,478,084.98
|
10.01
|
8.599
|
348
|
78.48
|
629
|
|||||||||||||||
Colorado
|
58
|
9,661,530.08
|
1.02
|
9.293
|
341
|
83.21
|
594
|
|||||||||||||||
Connecticut
|
68
|
12,416,308.99
|
1.32
|
8.865
|
350
|
82.18
|
623
|
|||||||||||||||
Delaware
|
9
|
1,836,778.67
|
0.19
|
9.064
|
357
|
85.60
|
598
|
|||||||||||||||
District
of Columbia
|
20
|
5,170,037.17
|
0.55
|
9.254
|
352
|
70.88
|
596
|
|||||||||||||||
Florida
|
1,103
|
203,884,337.51
|
21.61
|
8.978
|
350
|
79.79
|
623
|
|||||||||||||||
Georgia
|
176
|
25,496,853.86
|
2.70
|
9.898
|
352
|
85.27
|
596
|
|||||||||||||||
Hawaii
|
5
|
1,798,754.19
|
0.19
|
8.243
|
343
|
68.63
|
568
|
|||||||||||||||
Idaho
|
24
|
3,044,014.02
|
0.32
|
9.331
|
348
|
80.21
|
612
|
|||||||||||||||
Illinois
|
216
|
32,003,500.71
|
3.39
|
8.805
|
344
|
82.30
|
619
|
|||||||||||||||
Indiana
|
132
|
13,901,262.33
|
1.47
|
9.200
|
338
|
85.93
|
618
|
|||||||||||||||
Iowa
|
52
|
4,602,760.77
|
0.49
|
9.687
|
338
|
88.19
|
607
|
|||||||||||||||
Kansas
|
74
|
7,810,249.99
|
0.83
|
9.706
|
345
|
85.34
|
597
|
|||||||||||||||
Kentucky
|
61
|
6,014,437.27
|
0.64
|
9.574
|
341
|
87.11
|
590
|
|||||||||||||||
Louisiana
|
87
|
10,381,861.13
|
1.10
|
9.536
|
354
|
82.66
|
598
|
|||||||||||||||
Maine
|
19
|
3,155,204.05
|
0.33
|
9.029
|
355
|
82.78
|
633
|
|||||||||||||||
Maryland
|
230
|
50,480,308.24
|
5.35
|
9.019
|
353
|
79.49
|
601
|
|||||||||||||||
Massachusetts
|
84
|
18,304,935.14
|
1.94
|
8.925
|
352
|
78.89
|
600
|
|||||||||||||||
Michigan
|
281
|
32,384,715.45
|
3.43
|
9.438
|
349
|
82.87
|
600
|
|||||||||||||||
Minnesota
|
65
|
10,168,241.40
|
1.08
|
9.457
|
348
|
86.11
|
618
|
|||||||||||||||
Mississippi
|
59
|
6,189,902.34
|
0.66
|
9.785
|
337
|
85.59
|
603
|
|||||||||||||||
Missouri
|
192
|
19,563,360.81
|
2.07
|
9.367
|
344
|
85.02
|
603
|
|||||||||||||||
Montana
|
4
|
907,897.77
|
0.10
|
10.426
|
359
|
83.35
|
601
|
|||||||||||||||
Nebraska
|
10
|
793,432.79
|
0.08
|
9.089
|
343
|
79.53
|
592
|
|||||||||||||||
Nevada
|
75
|
15,026,476.16
|
1.59
|
8.702
|
348
|
80.29
|
613
|
|||||||||||||||
New
Hampshire
|
22
|
3,547,514.00
|
0.38
|
9.418
|
348
|
75.23
|
584
|
|||||||||||||||
New
Jersey
|
149
|
34,261,165.41
|
3.63
|
9.081
|
352
|
75.92
|
599
|
|||||||||||||||
New
Mexico
|
57
|
7,819,554.43
|
0.83
|
9.288
|
342
|
82.62
|
594
|
Geographical
Distribution
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
New
York
|
116
|
23,695,983.18
|
2.51
|
9.224
|
352
|
75.56
|
596
|
|||||||||||||||
North
Carolina
|
192
|
24,940,138.27
|
2.64
|
9.937
|
349
|
82.24
|
599
|
|||||||||||||||
North
Dakota
|
6
|
383,904.80
|
0.04
|
9.126
|
303
|
87.39
|
630
|
|||||||||||||||
Ohio
|
90
|
10,000,386.77
|
1.06
|
9.295
|
343
|
84.30
|
594
|
|||||||||||||||
Oklahoma
|
58
|
4,394,405.05
|
0.47
|
9.212
|
313
|
83.41
|
608
|
|||||||||||||||
Oregon
|
36
|
6,844,215.53
|
0.73
|
8.848
|
347
|
81.51
|
617
|
|||||||||||||||
Pennsylvania
|
333
|
37,650,654.18
|
3.99
|
8.806
|
342
|
80.74
|
602
|
|||||||||||||||
Rhode
Island
|
22
|
4,149,656.04
|
0.44
|
9.038
|
352
|
82.81
|
635
|
|||||||||||||||
South
Carolina
|
170
|
22,073,719.39
|
2.34
|
9.662
|
346
|
83.69
|
597
|
|||||||||||||||
South
Dakota
|
2
|
266,774.11
|
0.03
|
9.835
|
358
|
87.06
|
560
|
|||||||||||||||
Tennessee
|
106
|
12,285,636.16
|
1.30
|
9.565
|
343
|
87.19
|
607
|
|||||||||||||||
Texas
|
345
|
40,867,114.97
|
4.33
|
8.942
|
331
|
78.53
|
620
|
|||||||||||||||
Utah
|
30
|
6,845,720.49
|
0.73
|
9.218
|
353
|
84.52
|
636
|
|||||||||||||||
Vermont
|
4
|
631,336.63
|
0.07
|
8.902
|
359
|
81.75
|
623
|
|||||||||||||||
Virginia
|
258
|
42,613,362.49
|
4.52
|
8.682
|
347
|
79.44
|
608
|
|||||||||||||||
Washington
|
63
|
13,214,608.41
|
1.40
|
8.439
|
344
|
82.25
|
629
|
|||||||||||||||
West
Virginia
|
22
|
1,932,405.69
|
0.20
|
10.220
|
339
|
84.07
|
586
|
|||||||||||||||
Wisconsin
|
36
|
4,199,121.80
|
0.45
|
9.778
|
354
|
86.30
|
592
|
|||||||||||||||
Wyoming
|
9
|
975,890.88
|
0.10
|
9.051
|
347
|
85.17
|
646
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Property
Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Condo
|
240
|
4.40
|
%
|
9.299
|
%
|
350
|
81.96
|
%
|
634
|
|||||||||||||
Multi-Unit
|
172
|
36,530,385.93
|
3.87
|
9.164
|
351
|
80.22
|
622
|
|||||||||||||||
PUD
|
667
|
137,406,687.66
|
14.56
|
9.128
|
348
|
82.30
|
623
|
|||||||||||||||
Single
Family Residence
|
4,798
|
728,198,268.02
|
77.17
|
9.053
|
347
|
80.45
|
608
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Loan
Purpose (1)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Cash
Out Refinance
|
4,571
|
77.92
|
%
|
8.949
|
%
|
348
|
78.93
|
%
|
602
|
|||||||||||||
Purchase
|
1,047
|
170,480,552.49
|
18.07
|
9.603
|
344
|
88.09
|
651
|
|||||||||||||||
Rate/Term
Refinance
|
259
|
37,844,347.97
|
4.01
|
9.242
|
346
|
83.63
|
624
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
(1)
|
In
general, in the case of a mortgage loan made for “rate/term” refinance
purposes, substantially all of the proceeds are used to pay in full
the
principal balance of a previous mortgage loan of the mortgagor with
respect to the related mortgaged property and to pay associated
origination and closing costs. Mortgage loans made for “cash-out”
refinance purposes may involve the use of the proceeds to pay in
full the
principal balance of a previous mortgage loan and related costs except
that a portion of the proceeds are generally retained by the mortgagor
for
uses unrelated to the mortgaged property. The amount of these proceeds
retained by the mortgagor may be substantial.
|
Occupancy
Status
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Investment
(Non-Owner Occupied)
|
297
|
4.64
|
%
|
9.577
|
%
|
355
|
80.76
|
%
|
655
|
|||||||||||||
Primary
|
5,457
|
873,497,981.13
|
92.57
|
9.045
|
347
|
80.65
|
608
|
|||||||||||||||
Secondary
Home
|
123
|
26,302,591.62
|
2.79
|
9.395
|
353
|
84.99
|
653
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Loan
Documentation Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Full
Documentation
|
3,908
|
56.96
|
%
|
8.838
|
%
|
344
|
80.85
|
%
|
598
|
|||||||||||||
Limited
Documentation
|
24
|
5,522,915.51
|
0.59
|
9.210
|
350
|
80.36
|
610
|
|||||||||||||||
No
Documentation
|
302
|
60,204,907.96
|
6.38
|
8.865
|
353
|
80.95
|
681
|
|||||||||||||||
Stated
Income
|
1,643
|
340,375,991.92
|
36.07
|
9.495
|
351
|
80.63
|
621
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Risk
Classification
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
M1
|
3,277
|
495,884,159.09
|
52.55
|
8.976
|
344
|
82.69
|
614
|
|||||||||||||||
M2
|
1,258
|
212,960,868.74
|
22.57
|
9.411
|
354
|
78.56
|
578
|
|||||||||||||||
M3
|
323
|
52,814,322.50
|
5.60
|
9.603
|
354
|
71.88
|
556
|
|||||||||||||||
M4
|
176
|
26,542,915.01
|
2.81
|
10.067
|
354
|
67.64
|
560
|
|||||||||||||||
Alt
A
|
840
|
155,134,865.82
|
16.44
|
8.607
|
345
|
82.98
|
677
|
|||||||||||||||
Fico
Enhanced
|
1
|
118,470.41
|
0.01
|
9.500
|
300
|
95.00
|
581
|
|||||||||||||||
AA
|
1
|
95,879.11
|
0.01
|
8.000
|
72
|
80.00
|
583
|
|||||||||||||||
A
|
1
|
0.01
|
%
|
10.250
|
%
|
172
|
85.00
|
%
|
536
|
|||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Range
of LTV Ratios*(%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0.01-49.99
|
271
|
3.23
|
%
|
8.417
|
%
|
338
|
39.36
|
%
|
602
|
|||||||||||||
50.00-54.99
|
139
|
18,586,939.13
|
1.97
|
8.421
|
344
|
52.14
|
599
|
|||||||||||||||
55.00-59.99
|
174
|
24,492,719.73
|
2.60
|
8.404
|
344
|
57.54
|
585
|
|||||||||||||||
60.00-64.99
|
224
|
34,003,215.72
|
3.60
|
8.554
|
347
|
62.43
|
583
|
|||||||||||||||
65.00-69.99
|
273
|
41,614,583.08
|
4.41
|
8.522
|
350
|
67.31
|
599
|
|||||||||||||||
70.00-74.99
|
396
|
68,065,206.19
|
7.21
|
8.576
|
345
|
72.02
|
596
|
|||||||||||||||
75.00-79.99
|
562
|
93,863,140.96
|
9.95
|
8.860
|
351
|
76.42
|
592
|
|||||||||||||||
80.00
|
860
|
167,417,647.31
|
17.74
|
8.671
|
353
|
80.00
|
620
|
|||||||||||||||
80.01-84.99
|
207
|
38,512,543.40
|
4.08
|
8.892
|
352
|
83.24
|
600
|
|||||||||||||||
85.00-89.99
|
667
|
108,839,237.55
|
11.53
|
9.369
|
352
|
85.96
|
598
|
|||||||||||||||
90.00-94.99
|
973
|
169,031,657.24
|
17.91
|
9.461
|
354
|
90.39
|
617
|
|||||||||||||||
95.00-99.99
|
544
|
95,718,223.28
|
10.14
|
9.744
|
351
|
95.16
|
641
|
|||||||||||||||
100.00
|
587
|
53,012,477.59
|
5.62
|
10.226
|
293
|
100.00
|
656
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Range
of Cut-Off Date Principal Balances ($)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0.01-50,000.00
|
492
|
1.89
|
%
|
10.895
|
%
|
231
|
84.96
|
%
|
631
|
|||||||||||||
50,000.01-100,000.00
|
1,694
|
126,868,341.81
|
13.45
|
9.382
|
329
|
78.34
|
602
|
|||||||||||||||
100,000.01-150,000.00
|
1,298
|
162,952,734.80
|
17.27
|
9.195
|
348
|
79.73
|
600
|
|||||||||||||||
150,000.01-200,000.00
|
883
|
153,708,594.69
|
16.29
|
9.039
|
351
|
79.74
|
604
|
|||||||||||||||
200,000.01-250,000.00
|
610
|
137,125,310.36
|
14.53
|
9.024
|
354
|
81.00
|
610
|
|||||||||||||||
250,000.01-300,000.00
|
298
|
81,827,559.01
|
8.67
|
8.975
|
356
|
81.26
|
611
|
|||||||||||||||
300,000.01-350,000.00
|
191
|
61,859,117.88
|
6.56
|
8.900
|
354
|
83.07
|
621
|
|||||||||||||||
350,000.01-400,000.00
|
142
|
53,189,943.82
|
5.64
|
8.684
|
355
|
81.41
|
624
|
|||||||||||||||
400,000.01-450,000.00
|
70
|
29,722,986.37
|
3.15
|
8.880
|
353
|
82.02
|
632
|
|||||||||||||||
450,000.01-500,000.00
|
64
|
30,450,136.32
|
3.23
|
8.846
|
358
|
86.12
|
619
|
|||||||||||||||
500,000.01-550,000.00
|
38
|
19,896,175.23
|
2.11
|
8.990
|
355
|
82.19
|
629
|
|||||||||||||||
550,000.01-600,000.00
|
31
|
17,928,034.27
|
1.90
|
8.583
|
358
|
83.00
|
646
|
|||||||||||||||
600,000.01-650,000.00
|
21
|
13,050,208.63
|
1.38
|
8.723
|
358
|
80.40
|
621
|
|||||||||||||||
650,000.01-700,000.00
|
9
|
6,024,271.67
|
0.64
|
9.354
|
358
|
87.44
|
647
|
|||||||||||||||
700,000.01-750,000.00
|
12
|
8,810,743.08
|
0.93
|
9.407
|
358
|
87.89
|
599
|
|||||||||||||||
750,000.01-800,000.00
|
5
|
3,901,911.86
|
0.41
|
8.382
|
358
|
86.28
|
671
|
|||||||||||||||
800,000.01-850,000.00
|
1
|
815,710.28
|
0.09
|
7.250
|
359
|
80.00
|
618
|
|||||||||||||||
850,000.01-900,000.00
|
6
|
5,267,325.17
|
0.56
|
9.123
|
358
|
77.34
|
631
|
|||||||||||||||
900,000.01-950,000.00
|
2
|
1,892,009.55
|
0.20
|
9.124
|
356
|
84.56
|
632
|
|||||||||||||||
950,000.01-1,000,000.00
|
4
|
3,888,972.21
|
0.41
|
9.046
|
356
|
74.08
|
613
|
|||||||||||||||
1,000,000.01
and Above
|
6
|
6,565,027.95
|
0.70
|
7.942
|
356
|
75.61
|
704
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Range
of Remaining Terms to Maturity (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
1-60
|
1
|
0.00
|
%
|
10.250
|
%
|
53
|
62.50
|
%
|
544
|
|||||||||||||
61-120
|
35
|
2,906,578.63
|
0.31
|
7.479
|
116
|
61.71
|
680
|
|||||||||||||||
121-180
|
641
|
42,104,394.39
|
4.46
|
9.985
|
178
|
86.65
|
637
|
|||||||||||||||
181-240
|
154
|
13,952,582.11
|
1.48
|
8.834
|
237
|
76.64
|
627
|
|||||||||||||||
241-300
|
3
|
284,565.98
|
0.03
|
9.322
|
298
|
86.24
|
587
|
|||||||||||||||
301-360
|
5,043
|
884,336,966.75
|
93.72
|
9.045
|
358
|
80.62
|
610
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Original
Terms to Maturity (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
120
|
35
|
0.30
|
%
|
7.484
|
%
|
117
|
61.09
|
%
|
682
|
|||||||||||||
180
|
641
|
42,143,974.37
|
4.47
|
9.980
|
177
|
86.63
|
637
|
|||||||||||||||
240
|
155
|
14,008,881.24
|
1.48
|
8.840
|
237
|
76.68
|
627
|
|||||||||||||||
360
|
5,046
|
884,621,532.73
|
93.75
|
9.045
|
358
|
80.62
|
610
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Lien
Position
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
First
Lien
|
5,339
|
97.20
|
%
|
9.013
|
%
|
352
|
80.33
|
%
|
611
|
|||||||||||||
Second
Lien
|
538
|
26,440,537.01
|
2.80
|
11.365
|
193
|
96.24
|
654
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Range
of Credit Scores
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
400-499
|
53
|
0.71
|
%
|
10.168
|
%
|
354
|
70.80
|
%
|
493
|
|||||||||||||
500-524
|
376
|
55,128,308.47
|
5.84
|
9.900
|
353
|
75.17
|
514
|
|||||||||||||||
525-549
|
709
|
110,979,761.61
|
11.76
|
9.689
|
353
|
75.65
|
538
|
|||||||||||||||
550-574
|
728
|
119,607,691.85
|
12.68
|
9.328
|
353
|
78.43
|
562
|
|||||||||||||||
575-599
|
806
|
119,430,641.36
|
12.66
|
9.262
|
351
|
80.30
|
587
|
|||||||||||||||
600-624
|
876
|
137,907,890.41
|
14.61
|
8.989
|
347
|
82.27
|
612
|
|||||||||||||||
625-649
|
885
|
142,672,902.98
|
15.12
|
8.886
|
343
|
83.01
|
637
|
|||||||||||||||
650-674
|
692
|
114,200,805.31
|
12.10
|
8.652
|
344
|
83.21
|
661
|
|||||||||||||||
675-699
|
357
|
60,942,380.19
|
6.46
|
8.540
|
341
|
83.89
|
685
|
|||||||||||||||
700
and Above
|
395
|
76,048,231.96
|
8.06
|
8.421
|
341
|
84.55
|
737
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Range
of Gross Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
5.000-5.499
|
2
|
0.09
|
%
|
5.267
|
%
|
359
|
77.33
|
%
|
701
|
|||||||||||||
5.500-5.999
|
12
|
3,339,756.14
|
0.35
|
5.857
|
311
|
61.76
|
689
|
|||||||||||||||
6.000-6.499
|
35
|
8,047,443.23
|
0.85
|
6.297
|
331
|
65.04
|
670
|
|||||||||||||||
6.500-6.999
|
215
|
39,985,410.54
|
4.24
|
6.804
|
338
|
70.80
|
650
|
|||||||||||||||
7.000-7.499
|
281
|
52,711,395.99
|
5.59
|
7.267
|
345
|
74.24
|
642
|
|||||||||||||||
7.500-7.999
|
648
|
118,654,305.65
|
12.57
|
7.777
|
349
|
76.63
|
639
|
|||||||||||||||
8.000-8.499
|
542
|
99,866,852.71
|
10.58
|
8.259
|
351
|
78.46
|
626
|
|||||||||||||||
8.500-8.999
|
909
|
158,279,348.32
|
16.77
|
8.763
|
351
|
81.37
|
604
|
|||||||||||||||
9.000-9.499
|
625
|
103,369,675.70
|
10.95
|
9.265
|
353
|
82.81
|
610
|
|||||||||||||||
9.500-9.999
|
876
|
141,863,173.71
|
15.03
|
9.753
|
353
|
83.60
|
600
|
|||||||||||||||
10.000-10.499
|
477
|
72,843,062.99
|
7.72
|
10.243
|
353
|
83.01
|
588
|
|||||||||||||||
10.500-10.999
|
506
|
72,417,809.43
|
7.67
|
10.744
|
350
|
84.52
|
579
|
|||||||||||||||
11.000-11.499
|
235
|
26,163,085.58
|
2.77
|
11.261
|
334
|
86.92
|
591
|
|||||||||||||||
11.500-11.999
|
254
|
30,101,124.30
|
3.19
|
11.740
|
324
|
86.01
|
586
|
|||||||||||||||
12.000-12.499
|
116
|
8,550,634.02
|
0.91
|
12.212
|
286
|
92.37
|
610
|
|||||||||||||||
12.500-12.999
|
78
|
3,876,508.94
|
0.41
|
12.672
|
232
|
95.47
|
620
|
|||||||||||||||
13.000-13.499
|
45
|
1,888,408.80
|
0.20
|
13.183
|
189
|
98.91
|
635
|
|||||||||||||||
13.500-13.999
|
20
|
728,742.51
|
0.08
|
13.698
|
199
|
95.32
|
614
|
|||||||||||||||
14.000-14.499
|
1
|
44,584.40
|
0.00
|
14.200
|
178
|
100.00
|
763
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Fixed
Rate Loan Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Fixed
Rate
|
2,087
|
78.67
|
%
|
8.608
|
%
|
333
|
77.28
|
%
|
616
|
|||||||||||||
Fixed
Rate 30/15 Balloon
|
385
|
20,352,468.31
|
6.17
|
11.508
|
177
|
98.23
|
653
|
|||||||||||||||
Fixed
Rate 40/30 Balloon
|
293
|
48,707,647.94
|
14.78
|
8.823
|
359
|
78.91
|
616
|
|||||||||||||||
Fixed
Rate Interest Only*
|
7
|
1,268,884.50
|
0.38
|
8.387
|
359
|
76.63
|
641
|
|||||||||||||||
Total
|
2,772
|
100.00
|
%
|
8.818
|
%
|
328
|
78.81
|
%
|
618
|
Initial
Periodic Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
3.000
|
3,104
|
99.94
|
%
|
9.221
|
%
|
358
|
81.83
|
%
|
608
|
|||||||||||||
5.000
|
1
|
346,353.57
|
0.06
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Periodic
Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
1.000
|
3,104
|
99.94
|
%
|
9.221
|
%
|
358
|
81.83
|
%
|
608
|
|||||||||||||
2.000
|
1
|
346,353.57
|
0.06
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Range
of Maximum Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
10.500-10.999
|
1
|
0.09
|
%
|
5.875
|
%
|
353
|
49.40
|
%
|
670
|
|||||||||||||
11.500-11.999
|
2
|
976,713.68
|
0.16
|
6.786
|
354
|
80.00
|
662
|
|||||||||||||||
12.000-12.499
|
2
|
508,816.95
|
0.08
|
5.573
|
358
|
76.17
|
705
|
|||||||||||||||
12.500-12.999
|
3
|
901,511.03
|
0.15
|
6.199
|
356
|
75.14
|
661
|
|||||||||||||||
13.000-13.499
|
13
|
3,206,291.05
|
0.52
|
6.438
|
356
|
75.01
|
647
|
|||||||||||||||
13.500-13.999
|
72
|
16,547,377.31
|
2.70
|
6.888
|
358
|
74.43
|
633
|
|||||||||||||||
14.000-14.499
|
104
|
25,302,466.34
|
4.12
|
7.304
|
358
|
77.50
|
646
|
|||||||||||||||
14.500-14.999
|
266
|
61,969,473.14
|
10.09
|
7.814
|
358
|
78.29
|
642
|
|||||||||||||||
15.000-15.499
|
286
|
61,675,027.96
|
10.05
|
8.278
|
358
|
79.34
|
628
|
|||||||||||||||
15.500-15.999
|
514
|
108,513,523.14
|
17.67
|
8.770
|
358
|
82.17
|
602
|
|||||||||||||||
16.000-16.499
|
392
|
77,353,431.71
|
12.60
|
9.270
|
358
|
82.76
|
611
|
|||||||||||||||
16.500-16.999
|
550
|
103,332,698.19
|
16.83
|
9.751
|
358
|
83.78
|
602
|
|||||||||||||||
17.000-17.499
|
313
|
56,946,123.44
|
9.28
|
10.243
|
358
|
83.79
|
590
|
|||||||||||||||
17.500-17.999
|
342
|
56,263,739.76
|
9.16
|
10.747
|
359
|
84.06
|
578
|
|||||||||||||||
18.000-18.499
|
106
|
15,699,023.75
|
2.56
|
11.269
|
359
|
85.64
|
587
|
|||||||||||||||
18.500-18.999
|
107
|
19,400,269.07
|
3.16
|
11.728
|
359
|
82.74
|
572
|
|||||||||||||||
19.000-19.499
|
27
|
3,982,563.43
|
0.65
|
12.196
|
359
|
87.33
|
581
|
|||||||||||||||
19.500-19.999
|
5
|
837,023.26
|
0.14
|
12.556
|
359
|
87.26
|
545
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Range
of Minimum Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
4.000-4.499
|
1
|
0.17
|
%
|
7.350
|
%
|
357
|
80.00
|
%
|
668
|
|||||||||||||
5.000-5.499
|
1
|
390,000.00
|
0.06
|
5.100
|
360
|
75.00
|
716
|
|||||||||||||||
5.500-5.999
|
4
|
1,406,403.85
|
0.23
|
6.265
|
355
|
65.22
|
654
|
|||||||||||||||
6.000-6.499
|
15
|
3,524,699.74
|
0.57
|
6.748
|
356
|
76.16
|
634
|
|||||||||||||||
6.500-6.999
|
70
|
16,946,094.83
|
2.76
|
6.840
|
358
|
74.79
|
634
|
|||||||||||||||
7.000-7.499
|
102
|
23,816,024.38
|
3.88
|
7.273
|
358
|
77.00
|
646
|
|||||||||||||||
7.500-7.999
|
264
|
61,616,024.59
|
10.04
|
7.802
|
358
|
78.39
|
643
|
|||||||||||||||
8.000-8.499
|
283
|
61,891,973.66
|
10.08
|
8.267
|
358
|
79.64
|
629
|
|||||||||||||||
8.500-8.999
|
520
|
109,355,206.21
|
17.81
|
8.768
|
358
|
82.15
|
603
|
|||||||||||||||
9.000-9.499
|
394
|
77,585,086.30
|
12.64
|
9.267
|
358
|
82.68
|
611
|
|||||||||||||||
9.500-9.999
|
547
|
102,891,014.26
|
16.76
|
9.751
|
358
|
83.67
|
602
|
|||||||||||||||
10.000-10.499
|
316
|
57,084,465.42
|
9.30
|
10.242
|
358
|
83.70
|
590
|
|||||||||||||||
10.500-10.999
|
342
|
56,432,148.11
|
9.19
|
10.747
|
359
|
84.11
|
578
|
|||||||||||||||
11.000-11.499
|
107
|
15,773,808.64
|
2.57
|
11.268
|
359
|
85.71
|
587
|
|||||||||||||||
11.500-11.999
|
107
|
19,381,937.10
|
3.16
|
11.736
|
359
|
82.66
|
571
|
|||||||||||||||
12.000-12.499
|
27
|
3,982,563.43
|
0.65
|
12.196
|
359
|
87.33
|
581
|
|||||||||||||||
12.500-12.999
|
5
|
837,023.26
|
0.14
|
12.556
|
359
|
87.26
|
545
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Date
of Next Rate Change Date
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
July
2007
|
1
|
0.01
|
%
|
11.375
|
%
|
290
|
80.00
|
%
|
646
|
|||||||||||||
August
2007
|
1
|
155,831.34
|
0.03
|
9.250
|
333
|
100.00
|
638
|
|||||||||||||||
October
2007
|
2
|
166,310.30
|
0.03
|
7.734
|
314
|
80.00
|
585
|
|||||||||||||||
November
2007
|
1
|
118,470.41
|
0.02
|
9.500
|
300
|
95.00
|
581
|
|||||||||||||||
January
2008
|
1
|
107,177.37
|
0.02
|
9.950
|
344
|
80.00
|
582
|
|||||||||||||||
February
2008
|
2
|
267,188.93
|
0.04
|
9.730
|
345
|
86.99
|
537
|
|||||||||||||||
March
2008
|
1
|
58,241.29
|
0.01
|
9.000
|
346
|
90.00
|
551
|
|||||||||||||||
April
2008
|
5
|
693,041.08
|
0.11
|
9.312
|
347
|
82.18
|
607
|
|||||||||||||||
May
2008
|
12
|
2,149,973.10
|
0.35
|
9.288
|
348
|
89.58
|
563
|
Date
of Next Rate Change Date
|
Number
of Mortgage Loans
|
Aggregate
Cut-off
Date
Principal
Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
June
2008
|
7
|
1,132,886.13
|
0.18
|
9.046
|
349
|
82.04
|
548
|
|||||||||||||||
July
2008
|
20
|
3,187,711.67
|
0.52
|
9.372
|
350
|
84.59
|
572
|
|||||||||||||||
August
2008
|
19
|
4,457,790.51
|
0.73
|
9.813
|
351
|
82.42
|
611
|
|||||||||||||||
September
2008
|
10
|
2,104,714.02
|
0.34
|
9.837
|
352
|
86.26
|
592
|
|||||||||||||||
October
2008
|
40
|
6,309,606.56
|
1.03
|
9.384
|
353
|
82.66
|
588
|
|||||||||||||||
November
2008
|
60
|
11,203,641.43
|
1.82
|
8.497
|
354
|
85.45
|
600
|
|||||||||||||||
December
2008
|
67
|
14,888,827.54
|
2.43
|
8.540
|
355
|
84.83
|
605
|
|||||||||||||||
January
2009
|
49
|
11,893,349.03
|
1.94
|
8.960
|
356
|
85.65
|
621
|
|||||||||||||||
February
2009
|
406
|
86,091,767.98
|
14.02
|
8.926
|
357
|
82.69
|
609
|
|||||||||||||||
March
2009
|
746
|
142,458,580.83
|
23.20
|
8.933
|
358
|
80.98
|
608
|
|||||||||||||||
April
2009
|
824
|
159,443,260.01
|
25.97
|
9.381
|
359
|
81.06
|
609
|
|||||||||||||||
May
2009
|
663
|
138,577,114.60
|
22.57
|
9.757
|
360
|
81.81
|
610
|
|||||||||||||||
June
2009
|
1
|
134,191.57
|
0.02
|
9.200
|
349
|
90.00
|
546
|
|||||||||||||||
August
2009
|
1
|
137,550.12
|
0.02
|
8.375
|
351
|
80.00
|
701
|
|||||||||||||||
September
2009
|
1
|
181,799.34
|
0.03
|
8.375
|
352
|
90.00
|
567
|
|||||||||||||||
October
2009
|
16
|
2,475,426.76
|
0.40
|
8.087
|
353
|
79.37
|
608
|
|||||||||||||||
November
2009
|
26
|
4,799,305.20
|
0.78
|
7.996
|
354
|
85.19
|
603
|
|||||||||||||||
December
2009
|
15
|
2,043,032.07
|
0.33
|
8.773
|
355
|
85.74
|
600
|
|||||||||||||||
January
2010
|
1
|
62,356.07
|
0.01
|
8.800
|
356
|
61.09
|
575
|
|||||||||||||||
February
2010
|
15
|
3,169,549.96
|
0.52
|
8.708
|
357
|
83.49
|
621
|
|||||||||||||||
March
2010
|
37
|
5,722,427.40
|
0.93
|
8.719
|
358
|
82.46
|
616
|
|||||||||||||||
April
2010
|
19
|
3,784,829.94
|
0.62
|
9.185
|
359
|
78.68
|
599
|
|||||||||||||||
May
2010
|
20
|
3,133,855.00
|
0.51
|
8.607
|
360
|
75.22
|
598
|
|||||||||||||||
December
2011
|
3
|
432,571.64
|
0.07
|
6.042
|
355
|
69.87
|
703
|
|||||||||||||||
February
2012
|
2
|
278,815.69
|
0.05
|
9.199
|
357
|
83.13
|
599
|
|||||||||||||||
March
2012
|
6
|
1,133,196.00
|
0.18
|
9.117
|
358
|
83.21
|
648
|
|||||||||||||||
May
2012
|
4
|
592,500.00
|
0.10
|
9.351
|
360
|
80.26
|
698
|
|||||||||||||||
December
2013
|
1
|
346,353.57
|
0.06
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Range
of Gross Margins (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
2.500-2.999
|
1
|
0.01
|
%
|
6.990
|
%
|
358
|
46.01
|
%
|
714
|
|||||||||||||
3.000-3.499
|
1
|
76,436.67
|
0.01
|
6.950
|
359
|
60.47
|
596
|
|||||||||||||||
3.500-3.999
|
6
|
1,613,535.30
|
0.26
|
6.858
|
356
|
66.72
|
686
|
|||||||||||||||
4.000-4.499
|
46
|
11,531,169.44
|
1.88
|
7.323
|
358
|
72.49
|
673
|
|||||||||||||||
4.500-4.999
|
234
|
54,595,386.93
|
8.89
|
7.932
|
358
|
75.82
|
670
|
|||||||||||||||
5.000-5.499
|
438
|
92,476,165.36
|
15.06
|
8.546
|
358
|
79.53
|
635
|
|||||||||||||||
5.500-5.999
|
685
|
137,639,699.53
|
22.42
|
9.072
|
358
|
82.31
|
616
|
|||||||||||||||
6.000-6.499
|
749
|
143,076,048.94
|
23.30
|
9.559
|
358
|
83.68
|
593
|
|||||||||||||||
6.500-6.999
|
567
|
106,308,959.02
|
17.32
|
10.065
|
358
|
84.15
|
580
|
|||||||||||||||
7.000-7.499
|
350
|
61,959,728.37
|
10.09
|
9.827
|
357
|
82.86
|
567
|
|||||||||||||||
7.500-7.999
|
23
|
3,645,370.48
|
0.59
|
9.695
|
354
|
86.56
|
588
|
|||||||||||||||
8.000-8.499
|
1
|
415,670.81
|
0.07
|
9.225
|
354
|
100.00
|
669
|
|||||||||||||||
9.000-9.499
|
3
|
329,275.77
|
0.05
|
11.193
|
353
|
97.20
|
622
|
|||||||||||||||
10.500-10.999
|
1
|
209,750.13
|
0.03
|
10.550
|
357
|
100.00
|
732
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Adjustable
Rate Loan Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
ARM
- 2 Year/6 Month
|
1,899
|
54.78
|
%
|
9.434
|
%
|
358
|
81.25
|
%
|
597
|
|||||||||||||
ARM
- 3 Year/6 Month
|
126
|
20,063,294.52
|
3.27
|
8.702
|
356
|
82.46
|
601
|
|||||||||||||||
ARM
- 5 Year/6 Month
|
9
|
1,401,427.72
|
0.23
|
8.632
|
357
|
77.13
|
677
|
|||||||||||||||
ARM
- 7 Year/6 Month
|
1
|
346,353.57
|
0.06
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
ARM
- 2 Year/6 Month - Interest Only*
|
115
|
38,920,199.65
|
6.34
|
8.720
|
358
|
82.16
|
666
|
|||||||||||||||
ARM
- 3 Year/6 Month - Interest Only*
|
10
|
2,840,811.00
|
0.46
|
7.553
|
357
|
76.45
|
648
|
|||||||||||||||
ARM
- 5 Year/6 Month - Interest Only**
|
3
|
459,163.52
|
0.07
|
8.397
|
359
|
85.71
|
687
|
|||||||||||||||
ARM
- 2 Year/6 Month - 40/30 Balloon
|
923
|
210,289,585.34
|
34.25
|
9.057
|
358
|
82.73
|
614
|
|||||||||||||||
ARM
- 3 Year/6 Month - 40/30 Balloon
|
16
|
2,740,217.91
|
0.45
|
8.744
|
358
|
81.07
|
609
|
|||||||||||||||
ARM
- 5 Year/6 Month - 40/30 Balloon
|
3
|
576,492.09
|
0.09
|
8.843
|
358
|
82.92
|
617
|
|||||||||||||||
Total
|
3,105
|
100.00
|
%
|
9.219
|
%
|
358
|
81.83
|
%
|
608
|
Amortization
Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Interest
Only
|
135
|
4.61
|
%
|
8.631
|
%
|
358
|
81.66
|
%
|
664
|
|||||||||||||
Not
Interest Only
|
5,742
|
900,118,721.14
|
95.39
|
9.101
|
347
|
80.73
|
609
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Seasoning
(months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0
|
1,244
|
22.90
|
%
|
9.464
|
%
|
352
|
79.29
|
%
|
610
|
|||||||||||||
1
|
1,510
|
243,833,566.07
|
25.84
|
9.268
|
349
|
80.37
|
611
|
|||||||||||||||
2
|
1,498
|
234,058,837.04
|
24.80
|
8.835
|
348
|
80.22
|
612
|
|||||||||||||||
3
|
623
|
112,401,603.08
|
11.91
|
8.971
|
348
|
82.77
|
610
|
|||||||||||||||
4
|
72
|
13,831,291.00
|
1.47
|
9.148
|
342
|
86.27
|
622
|
|||||||||||||||
5
|
359
|
47,126,706.17
|
4.99
|
8.380
|
332
|
83.83
|
627
|
|||||||||||||||
6
|
288
|
37,701,473.13
|
4.00
|
8.264
|
338
|
81.10
|
616
|
|||||||||||||||
7
or More
|
283
|
38,573,107.72
|
4.09
|
9.153
|
334
|
83.18
|
601
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Original
Prepayment Penalty Term (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
No
prepayment penalty
|
2,186
|
36.75
|
%
|
9.368
|
%
|
346
|
80.48
|
%
|
612
|
|||||||||||||
12
|
39
|
9,968,120.68
|
1.06
|
9.132
|
342
|
81.87
|
641
|
|||||||||||||||
24
|
1,323
|
241,320,856.66
|
25.57
|
9.207
|
354
|
81.92
|
611
|
|||||||||||||||
36
|
2,325
|
345,214,209.00
|
36.58
|
8.698
|
345
|
80.24
|
611
|
|||||||||||||||
60
|
4
|
293,340.60
|
0.03
|
9.212
|
182
|
85.66
|
570
|
|||||||||||||||
Total
|
5,877
|
100.00
|
%
|
9.079
|
%
|
347
|
80.77
|
%
|
612
|
Geographic
Distribution
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Alabama
|
88
|
1.25
|
%
|
10.112
|
%
|
344
|
84.16
|
%
|
593
|
|||||||||||||
Alaska
|
7
|
1,577,285.34
|
0.23
|
9.815
|
358
|
88.63
|
636
|
|||||||||||||||
Arizona
|
128
|
23,090,670.80
|
3.35
|
8.695
|
353
|
79.75
|
610
|
|||||||||||||||
Arkansas
|
46
|
5,249,585.17
|
0.76
|
9.580
|
351
|
83.37
|
607
|
|||||||||||||||
California
|
167
|
40,900,200.95
|
5.94
|
8.317
|
352
|
71.53
|
616
|
|||||||||||||||
Colorado
|
51
|
7,434,694.28
|
1.08
|
9.570
|
338
|
83.88
|
597
|
|||||||||||||||
Connecticut
|
61
|
10,529,002.29
|
1.53
|
8.786
|
352
|
80.89
|
619
|
|||||||||||||||
Delaware
|
5
|
945,019.06
|
0.14
|
8.710
|
358
|
86.16
|
596
|
|||||||||||||||
District
of Columbia
|
16
|
3,238,430.59
|
0.47
|
9.534
|
359
|
63.63
|
599
|
|||||||||||||||
Florida
|
829
|
136,191,385.85
|
19.78
|
8.818
|
352
|
77.61
|
609
|
|||||||||||||||
Georgia
|
152
|
21,282,065.45
|
3.09
|
9.872
|
352
|
85.68
|
595
|
|||||||||||||||
Hawaii
|
5
|
1,798,754.19
|
0.26
|
8.243
|
343
|
68.63
|
568
|
|||||||||||||||
Idaho
|
21
|
2,705,564.80
|
0.39
|
9.218
|
349
|
78.94
|
611
|
|||||||||||||||
Illinois
|
196
|
27,750,081.06
|
4.03
|
8.683
|
343
|
81.96
|
618
|
|||||||||||||||
Indiana
|
124
|
12,387,612.76
|
1.80
|
9.201
|
336
|
86.31
|
615
|
|||||||||||||||
Iowa
|
49
|
4,367,089.74
|
0.63
|
9.621
|
337
|
88.31
|
608
|
|||||||||||||||
Kansas
|
66
|
6,836,033.54
|
0.99
|
9.591
|
343
|
85.38
|
599
|
|||||||||||||||
Kentucky
|
52
|
4,941,288.51
|
0.72
|
9.378
|
337
|
87.34
|
600
|
|||||||||||||||
Louisiana
|
66
|
7,934,271.72
|
1.15
|
9.442
|
355
|
81.84
|
590
|
|||||||||||||||
Maine
|
15
|
2,214,712.19
|
0.32
|
9.264
|
354
|
85.76
|
602
|
|||||||||||||||
Maryland
|
191
|
38,590,548.40
|
5.61
|
8.955
|
353
|
77.63
|
596
|
|||||||||||||||
Massachusetts
|
75
|
14,692,111.10
|
2.13
|
8.940
|
352
|
76.95
|
606
|
|||||||||||||||
Michigan
|
232
|
25,011,694.11
|
3.63
|
9.362
|
347
|
82.94
|
597
|
|||||||||||||||
Minnesota
|
57
|
8,171,445.92
|
1.19
|
9.378
|
348
|
85.61
|
618
|
|||||||||||||||
Mississippi
|
47
|
4,429,196.20
|
0.64
|
9.615
|
335
|
86.15
|
598
|
|||||||||||||||
Missouri
|
167
|
16,902,342.65
|
2.46
|
9.296
|
343
|
85.00
|
602
|
|||||||||||||||
Montana
|
4
|
907,897.77
|
0.13
|
10.426
|
359
|
83.35
|
601
|
|||||||||||||||
Nebraska
|
9
|
705,451.23
|
0.10
|
9.025
|
342
|
78.22
|
590
|
|||||||||||||||
Nevada
|
55
|
10,671,811.64
|
1.55
|
8.470
|
350
|
78.87
|
610
|
|||||||||||||||
New
Hampshire
|
21
|
3,451,573.65
|
0.50
|
9.356
|
353
|
74.54
|
582
|
|||||||||||||||
New
Jersey
|
126
|
26,499,702.44
|
3.85
|
9.035
|
355
|
73.56
|
589
|
|||||||||||||||
New
Mexico
|
51
|
6,521,883.03
|
0.95
|
9.160
|
343
|
81.64
|
598
|
Geographic
Distribution
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
New
York
|
96
|
17,695,014.10
|
2.57
|
9.269
|
352
|
73.15
|
597
|
|||||||||||||||
North
Carolina
|
160
|
19,071,632.54
|
2.77
|
9.996
|
350
|
81.84
|
591
|
|||||||||||||||
North
Dakota
|
5
|
291,204.80
|
0.04
|
8.768
|
284
|
86.56
|
643
|
|||||||||||||||
Ohio
|
84
|
9,329,366.88
|
1.36
|
9.256
|
346
|
84.20
|
597
|
|||||||||||||||
Oklahoma
|
58
|
4,394,405.05
|
0.64
|
9.212
|
313
|
83.41
|
608
|
|||||||||||||||
Oregon
|
27
|
4,931,493.21
|
0.72
|
8.529
|
350
|
80.36
|
607
|
|||||||||||||||
Pennsylvania
|
294
|
32,612,394.91
|
4.74
|
8.795
|
341
|
80.29
|
598
|
|||||||||||||||
Rhode
Island
|
19
|
3,683,599.86
|
0.54
|
8.986
|
353
|
81.72
|
628
|
|||||||||||||||
South
Carolina
|
133
|
17,155,469.23
|
2.49
|
9.634
|
346
|
83.36
|
593
|
|||||||||||||||
South
Dakota
|
2
|
266,774.11
|
0.04
|
9.835
|
358
|
87.06
|
560
|
|||||||||||||||
Tennessee
|
92
|
10,391,961.60
|
1.51
|
9.589
|
342
|
86.73
|
601
|
|||||||||||||||
Texas
|
276
|
30,403,027.75
|
4.42
|
8.718
|
326
|
75.36
|
613
|
|||||||||||||||
Utah
|
15
|
2,093,894.76
|
0.30
|
8.923
|
349
|
84.90
|
617
|
|||||||||||||||
Vermont
|
4
|
631,336.63
|
0.09
|
8.902
|
359
|
81.75
|
623
|
|||||||||||||||
Virginia
|
223
|
34,218,620.22
|
4.97
|
8.601
|
345
|
79.06
|
608
|
|||||||||||||||
Washington
|
48
|
8,637,401.71
|
1.25
|
8.395
|
352
|
80.71
|
614
|
|||||||||||||||
West
Virginia
|
19
|
1,571,996.50
|
0.23
|
10.358
|
343
|
83.71
|
585
|
|||||||||||||||
Wisconsin
|
29
|
3,560,986.62
|
0.52
|
9.728
|
355
|
86.08
|
586
|
|||||||||||||||
Wyoming
|
9
|
975,890.88
|
0.14
|
9.051
|
347
|
85.17
|
646
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Property
Type
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Condo
|
170
|
3.62
|
%
|
9.153
|
%
|
354
|
80.08
|
%
|
622
|
|||||||||||||
Multi-Unit
|
144
|
29,823,339.74
|
4.33
|
9.073
|
351
|
78.62
|
619
|
|||||||||||||||
PUD
|
454
|
81,585,933.61
|
11.85
|
8.943
|
348
|
79.92
|
611
|
|||||||||||||||
Single
Family Residence
|
4,004
|
552,110,622.94
|
80.19
|
9.016
|
347
|
79.44
|
602
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Loan
Purpose(1)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Cash
Out Refinance
|
4,173
|
89.32
|
%
|
8.946
|
%
|
348
|
78.67
|
%
|
602
|
|||||||||||||
Purchase
|
361
|
41,478,817.98
|
6.02
|
9.852
|
349
|
88.28
|
637
|
|||||||||||||||
Rate/Term
Refinance
|
238
|
32,029,334.33
|
4.65
|
9.249
|
344
|
83.82
|
619
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
(1)
|
In
general, in the case of a mortgage loan made for “rate/term” refinance
purposes, substantially all of the proceeds are used to pay in full
the
principal balance of a previous mortgage loan of the mortgagor with
respect to the related mortgaged property and to pay associated
origination and closing costs. Mortgage loans made for “cash-out”
refinance purposes may involve the use of the proceeds to pay in
full the
principal balance of a previous mortgage loan and related costs except
that a portion of the proceeds are generally retained by the mortgagor
for
uses unrelated to the mortgaged property. The amount of these proceeds
retained by the mortgagor may be
substantial.
|
Occupancy
Status
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Investment
(Non-Owner Occupied)
|
259
|
5.32
|
%
|
9.509
|
%
|
354
|
80.62
|
%
|
650
|
|||||||||||||
Primary
|
4,419
|
636,320,189.61
|
92.43
|
8.974
|
347
|
79.34
|
601
|
|||||||||||||||
Secondary
Home
|
94
|
15,510,579.56
|
2.25
|
9.518
|
355
|
82.82
|
639
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Loan
Documentation Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Full
Documentation
|
3,364
|
63.52
|
%
|
8.791
|
%
|
345
|
80.06
|
%
|
597
|
|||||||||||||
Limited
Documentation
|
19
|
3,773,625.51
|
0.55
|
9.510
|
347
|
79.51
|
582
|
|||||||||||||||
No
Documentation
|
212
|
37,979,291.45
|
5.52
|
8.711
|
353
|
78.21
|
670
|
|||||||||||||||
Stated
Income
|
1,177
|
209,392,922.28
|
30.41
|
9.527
|
353
|
78.52
|
610
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Risk
Classification
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
M1
|
2,663
|
367,232,134.39
|
53.34
|
8.838
|
344
|
81.44
|
611
|
|||||||||||||||
M2
|
1,072
|
158,305,455.69
|
22.99
|
9.432
|
353
|
77.83
|
575
|
|||||||||||||||
M3
|
282
|
44,967,451.43
|
6.53
|
9.659
|
354
|
71.61
|
555
|
|||||||||||||||
M4
|
161
|
24,646,748.10
|
3.58
|
10.023
|
353
|
68.25
|
561
|
|||||||||||||||
Alt
A
|
594
|
13.55
|
%
|
8.426
|
%
|
348
|
81.36
|
%
|
667
|
|||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Range
of LTV Ratios* (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0.01-49.99
|
242
|
3.78
|
%
|
8.497
|
%
|
338
|
38.97
|
%
|
598
|
|||||||||||||
50.00-54.99
|
131
|
16,440,913.60
|
2.39
|
8.218
|
342
|
52.29
|
598
|
|||||||||||||||
55.00-59.99
|
156
|
22,384,188.50
|
3.25
|
8.389
|
343
|
57.60
|
585
|
|||||||||||||||
60.00-64.99
|
194
|
29,173,259.57
|
4.24
|
8.578
|
346
|
62.35
|
585
|
|||||||||||||||
65.00-69.99
|
242
|
35,011,622.49
|
5.09
|
8.467
|
348
|
67.33
|
596
|
|||||||||||||||
70.00-74.99
|
361
|
56,504,241.14
|
8.21
|
8.496
|
344
|
71.95
|
598
|
|||||||||||||||
75.00-79.99
|
510
|
77,619,511.32
|
11.27
|
8.920
|
350
|
76.36
|
588
|
|||||||||||||||
80.00
|
645
|
101,017,406.29
|
14.67
|
8.808
|
351
|
80.00
|
601
|
|||||||||||||||
80.01-84.99
|
181
|
28,501,397.43
|
4.14
|
8.788
|
350
|
83.10
|
599
|
|||||||||||||||
85.00-89.99
|
582
|
84,811,582.72
|
12.32
|
9.290
|
351
|
85.92
|
599
|
|||||||||||||||
90.00-94.99
|
778
|
121,130,100.94
|
17.59
|
9.422
|
353
|
90.39
|
614
|
|||||||||||||||
95.00-99.99
|
405
|
58,362,379.60
|
8.48
|
9.666
|
348
|
95.24
|
635
|
|||||||||||||||
100.00
|
345
|
31,467,091.61
|
4.57
|
9.836
|
321
|
100.00
|
647
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Range
of Cut-Off Date Principal Balances ($)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0.01-50,000.00
|
355
|
1.89
|
%
|
10.645
|
%
|
243
|
80.75
|
%
|
626
|
|||||||||||||
50,000.01-100,000.00
|
1,442
|
107,857,260.65
|
15.67
|
9.251
|
333
|
77.68
|
600
|
|||||||||||||||
100,000.01-150,000.00
|
1,138
|
142,961,454.69
|
20.77
|
9.085
|
350
|
79.10
|
599
|
|||||||||||||||
150,000.01-200,000.00
|
780
|
135,896,515.08
|
19.74
|
8.962
|
352
|
79.12
|
601
|
|||||||||||||||
200,000.01-250,000.00
|
511
|
114,888,388.89
|
16.69
|
8.918
|
354
|
79.90
|
606
|
|||||||||||||||
250,000.01-300,000.00
|
248
|
68,079,518.57
|
9.89
|
8.954
|
356
|
80.50
|
605
|
|||||||||||||||
300,000.01-350,000.00
|
153
|
49,542,503.73
|
7.20
|
8.734
|
354
|
81.49
|
617
|
|||||||||||||||
350,000.01-400,000.00
|
115
|
43,004,566.81
|
6.25
|
8.613
|
355
|
80.13
|
616
|
|||||||||||||||
400,000.01-450,000.00
|
20
|
8,253,072.01
|
1.20
|
8.658
|
352
|
82.19
|
624
|
|||||||||||||||
450,000.01-500,000.00
|
7
|
3,351,281.02
|
0.49
|
9.468
|
358
|
87.88
|
597
|
|||||||||||||||
500,000.01-550,000.00
|
2
|
1,024,253.00
|
0.15
|
8.528
|
358
|
77.84
|
617
|
|||||||||||||||
550,000.01-600,000.00
|
1
|
568,000.00
|
0.08
|
6.710
|
359
|
63.11
|
573
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Range
of Remaining Terms to Maturity (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
61-120
|
32
|
0.34
|
%
|
7.657
|
%
|
117
|
62.79
|
%
|
660
|
|||||||||||||
121-180
|
417
|
28,084,335.61
|
4.08
|
9.221
|
178
|
80.39
|
626
|
|||||||||||||||
181-240
|
148
|
13,278,749.70
|
1.93
|
8.889
|
237
|
76.75
|
624
|
|||||||||||||||
301-360
|
4,175
|
644,775,506.32
|
93.65
|
9.013
|
358
|
79.56
|
603
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Original
Terms to Maturity (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
120
|
32
|
0.34
|
%
|
7.657
|
%
|
117
|
62.79
|
%
|
660
|
|||||||||||||
180
|
417
|
28,084,335.61
|
4.08
|
9.221
|
178
|
80.39
|
626
|
|||||||||||||||
240
|
148
|
13,278,749.70
|
1.93
|
8.889
|
237
|
76.75
|
624
|
|||||||||||||||
360
|
4,175
|
644,775,506.32
|
93.65
|
9.013
|
358
|
79.56
|
603
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Lien
Position
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
First
Lien
|
$
|
|
%
|
%
|
%
|
|||||||||||||||||
Second
Lien
|
||||||||||||||||||||||
Total
|
$
|
|
100.00
|
%
|
%
|
%
|
Range
of Credit Scores
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
400-499
|
42
|
0.81
|
%
|
10.120
|
%
|
353
|
72.69
|
%
|
493
|
|||||||||||||
500-524
|
324
|
46,997,969.81
|
6.83
|
9.900
|
353
|
74.56
|
515
|
|||||||||||||||
525-549
|
610
|
88,041,481.79
|
12.79
|
9.691
|
352
|
74.80
|
538
|
|||||||||||||||
550-574
|
631
|
94,715,555.89
|
13.76
|
9.305
|
353
|
77.69
|
562
|
|||||||||||||||
575-599
|
687
|
95,991,771.01
|
13.94
|
9.142
|
350
|
79.47
|
587
|
|||||||||||||||
600-624
|
731
|
102,223,430.00
|
14.85
|
8.891
|
346
|
81.53
|
612
|
|||||||||||||||
625-649
|
688
|
99,338,124.10
|
14.43
|
8.716
|
344
|
81.72
|
636
|
|||||||||||||||
650-674
|
530
|
76,999,705.21
|
11.18
|
8.439
|
343
|
81.54
|
661
|
|||||||||||||||
675-699
|
275
|
39,630,047.95
|
5.76
|
8.372
|
340
|
82.69
|
686
|
|||||||||||||||
700
and Above
|
254
|
38,950,746.74
|
5.66
|
8.116
|
341
|
83.06
|
732
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Range
of Gross Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
5.000-5.499
|
1
|
0.06
|
%
|
5.100
|
%
|
360
|
75.00
|
%
|
716
|
|||||||||||||
5.500-5.999
|
10
|
2,344,231.95
|
0.34
|
5.844
|
292
|
61.01
|
704
|
|||||||||||||||
6.000-6.499
|
31
|
6,415,490.79
|
0.93
|
6.289
|
341
|
66.33
|
662
|
|||||||||||||||
6.500-6.999
|
196
|
33,512,953.72
|
4.87
|
6.803
|
336
|
69.62
|
649
|
|||||||||||||||
7.000-7.499
|
247
|
40,080,639.75
|
5.82
|
7.254
|
341
|
72.43
|
641
|
|||||||||||||||
7.500-7.999
|
567
|
90,063,534.77
|
13.08
|
7.769
|
346
|
75.84
|
631
|
|||||||||||||||
8.000-8.499
|
445
|
70,341,720.34
|
10.22
|
8.251
|
349
|
77.50
|
615
|
|||||||||||||||
8.500-8.999
|
778
|
121,035,295.78
|
17.58
|
8.761
|
350
|
81.00
|
600
|
|||||||||||||||
9.000-9.499
|
513
|
72,646,922.48
|
10.55
|
9.254
|
352
|
81.38
|
597
|
|||||||||||||||
9.500-9.999
|
712
|
100,711,352.61
|
14.63
|
9.750
|
353
|
82.47
|
589
|
|||||||||||||||
10.000-10.499
|
385
|
52,274,324.66
|
7.59
|
10.246
|
353
|
81.62
|
582
|
|||||||||||||||
10.500-10.999
|
395
|
53,419,278.12
|
7.76
|
10.747
|
352
|
83.29
|
572
|
|||||||||||||||
11.000-11.499
|
174
|
19,412,493.79
|
2.82
|
11.270
|
343
|
85.42
|
580
|
|||||||||||||||
11.500-11.999
|
168
|
17,671,521.85
|
2.57
|
11.719
|
335
|
82.96
|
571
|
|||||||||||||||
12.000-12.499
|
76
|
5,469,442.07
|
0.79
|
12.208
|
298
|
90.76
|
599
|
|||||||||||||||
12.500-12.999
|
41
|
1,557,385.26
|
0.23
|
12.660
|
239
|
91.55
|
603
|
|||||||||||||||
13.000-13.499
|
22
|
785,674.88
|
0.11
|
13.153
|
206
|
97.38
|
630
|
|||||||||||||||
13.500-13.999
|
11
|
332,892.49
|
0.05
|
13.721
|
226
|
89.76
|
589
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Fixed
Rate Loan Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Fixed
Rate
|
1,975
|
82.67
|
%
|
8.592
|
%
|
333
|
77.22
|
%
|
615
|
|||||||||||||
Fixed
Rate 30/15 Balloon
|
181
|
7,390,077.45
|
2.55
|
11.404
|
177
|
96.07
|
642
|
|||||||||||||||
Fixed
Rate 40/30 Balloon
|
273
|
41,516,898.36
|
14.34
|
8.827
|
359
|
78.85
|
620
|
|||||||||||||||
Fixed
Rate Interest Only*
|
7
|
1,268,884.50
|
0.44
|
8.387
|
359
|
76.63
|
641
|
|||||||||||||||
Total
|
2,436
|
100.00
|
%
|
8.697
|
%
|
333
|
77.93
|
%
|
617
|
Initial
Periodic Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
3.000
|
2,335
|
99.91
|
%
|
9.248
|
%
|
358
|
80.61
|
%
|
596
|
|||||||||||||
5.000
|
1
|
346,353.57
|
0.09
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Periodic
Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
1.000
|
2,335
|
99.91
|
%
|
9.248
|
%
|
358
|
80.61
|
%
|
596
|
|||||||||||||
2.000
|
1
|
346,353.57
|
0.09
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Range
of Maximum Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
11.500-11.999
|
1
|
0.09
|
%
|
6.625
|
%
|
355
|
80.00
|
%
|
664
|
|||||||||||||
12.000-12.499
|
2
|
508,816.95
|
0.13
|
5.573
|
358
|
76.17
|
705
|
|||||||||||||||
12.500-12.999
|
2
|
441,986.84
|
0.11
|
6.509
|
354
|
70.09
|
690
|
|||||||||||||||
13.000-13.499
|
10
|
2,436,629.74
|
0.61
|
6.293
|
357
|
72.40
|
648
|
|||||||||||||||
13.500-13.999
|
55
|
11,467,188.03
|
2.87
|
6.869
|
357
|
73.41
|
627
|
|||||||||||||||
14.000-14.499
|
74
|
14,459,213.37
|
3.62
|
7.295
|
357
|
75.08
|
637
|
|||||||||||||||
14.500-14.999
|
203
|
38,451,474.27
|
9.64
|
7.816
|
358
|
77.33
|
623
|
|||||||||||||||
15.000-15.499
|
200
|
35,809,848.78
|
8.98
|
8.279
|
358
|
78.60
|
609
|
|||||||||||||||
15.500-15.999
|
409
|
75,975,005.31
|
19.04
|
8.777
|
358
|
81.58
|
596
|
|||||||||||||||
16.000-16.499
|
296
|
48,422,368.07
|
12.14
|
9.259
|
358
|
80.77
|
594
|
|||||||||||||||
16.500-16.999
|
418
|
67,550,337.06
|
16.93
|
9.750
|
358
|
82.19
|
588
|
|||||||||||||||
17.000-17.499
|
236
|
38,005,388.74
|
9.53
|
10.248
|
358
|
82.31
|
582
|
|||||||||||||||
17.500-17.999
|
258
|
39,666,580.08
|
9.94
|
10.754
|
359
|
82.80
|
570
|
|||||||||||||||
18.000-18.499
|
81
|
11,685,657.29
|
2.93
|
11.285
|
359
|
84.63
|
580
|
|||||||||||||||
18.500-18.999
|
70
|
10,785,844.24
|
2.70
|
11.700
|
359
|
79.57
|
559
|
|||||||||||||||
19.000-19.499
|
19
|
2,599,971.99
|
0.65
|
12.194
|
359
|
86.01
|
583
|
|||||||||||||||
19.500-19.999
|
2
|
336,250.00
|
0.08
|
12.563
|
360
|
78.67
|
541
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Range
of Minimum Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
5.000-5.499
|
1
|
0.10
|
%
|
5.100
|
%
|
360
|
75.00
|
%
|
716
|
|||||||||||||
5.500-5.999
|
1
|
219,000.00
|
0.05
|
5.500
|
355
|
60.00
|
709
|
|||||||||||||||
6.000-6.499
|
12
|
2,755,038.43
|
0.69
|
6.706
|
357
|
74.18
|
631
|
|||||||||||||||
6.500-6.999
|
54
|
11,553,956.95
|
2.90
|
6.848
|
357
|
73.80
|
628
|
|||||||||||||||
7.000-7.499
|
72
|
13,782,664.79
|
3.45
|
7.246
|
358
|
74.24
|
639
|
|||||||||||||||
7.500-7.999
|
201
|
38,098,025.72
|
9.55
|
7.796
|
358
|
77.47
|
625
|
|||||||||||||||
8.000-8.499
|
197
|
36,026,794.48
|
9.03
|
8.261
|
358
|
79.10
|
610
|
|||||||||||||||
8.500-8.999
|
414
|
76,725,982.92
|
19.23
|
8.771
|
358
|
81.54
|
596
|
|||||||||||||||
9.000-9.499
|
298
|
48,787,661.03
|
12.23
|
9.254
|
358
|
80.63
|
594
|
|||||||||||||||
9.500-9.999
|
415
|
67,108,653.13
|
16.82
|
9.750
|
358
|
82.01
|
588
|
|||||||||||||||
10.000-10.499
|
239
|
38,143,730.72
|
9.56
|
10.246
|
358
|
82.18
|
582
|
|||||||||||||||
10.500-10.999
|
258
|
39,834,988.43
|
9.98
|
10.753
|
359
|
82.86
|
570
|
|||||||||||||||
11.000-11.499
|
82
|
11,760,442.18
|
2.95
|
11.284
|
359
|
84.73
|
581
|
|||||||||||||||
11.500-11.999
|
71
|
10,825,753.56
|
2.71
|
11.700
|
359
|
79.48
|
559
|
|||||||||||||||
12.000-12.499
|
19
|
2,599,971.99
|
0.65
|
12.194
|
359
|
86.01
|
583
|
|||||||||||||||
12.500-12.999
|
2
|
336,250.00
|
0.08
|
12.563
|
360
|
78.67
|
541
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Date
of Next Rate Change Date
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
June
2008
|
3
|
0.09
|
%
|
9.814
|
%
|
349
|
85.21
|
%
|
533
|
|||||||||||||
July
2008
|
11
|
1,488,872.70
|
0.37
|
9.943
|
350
|
87.98
|
562
|
|||||||||||||||
August
2008
|
13
|
1,796,079.16
|
0.45
|
10.484
|
351
|
88.26
|
553
|
|||||||||||||||
September
2008
|
8
|
1,285,995.91
|
0.32
|
9.871
|
352
|
85.36
|
592
|
|||||||||||||||
October
2008
|
33
|
4,172,137.03
|
1.05
|
9.201
|
353
|
80.83
|
587
|
|||||||||||||||
November
2008
|
56
|
8,987,540.21
|
2.25
|
8.514
|
354
|
84.72
|
592
|
|||||||||||||||
December
2008
|
55
|
9,342,114.39
|
2.34
|
8.412
|
355
|
84.03
|
598
|
|||||||||||||||
January
2009
|
32
|
6,250,768.08
|
1.57
|
9.028
|
356
|
86.82
|
613
|
|||||||||||||||
February
2009
|
311
|
53,364,405.59
|
13.38
|
9.054
|
357
|
82.25
|
597
|
|||||||||||||||
March
2009
|
589
|
101,230,923.04
|
25.37
|
9.007
|
358
|
81.18
|
597
|
|||||||||||||||
April
2009
|
603
|
101,193,597.48
|
25.37
|
9.453
|
359
|
79.41
|
593
|
|||||||||||||||
May
2009
|
469
|
85,771,533.40
|
21.50
|
9.715
|
360
|
78.57
|
594
|
|||||||||||||||
June
2009
|
1
|
134,191.57
|
0.03
|
9.200
|
349
|
90.00
|
546
|
|||||||||||||||
August
2009
|
1
|
137,550.12
|
0.03
|
8.375
|
351
|
80.00
|
701
|
|||||||||||||||
September
2009
|
1
|
181,799.34
|
0.05
|
8.375
|
352
|
90.00
|
567
|
|||||||||||||||
October
2009
|
14
|
1,511,386.21
|
0.38
|
8.825
|
353
|
84.16
|
571
|
|||||||||||||||
November
2009
|
24
|
4,313,821.87
|
1.08
|
7.843
|
354
|
83.52
|
597
|
|||||||||||||||
December
2009
|
14
|
1,544,454.47
|
0.39
|
8.740
|
355
|
81.14
|
600
|
|||||||||||||||
January
2010
|
1
|
62,356.07
|
0.02
|
8.800
|
356
|
61.09
|
575
|
|||||||||||||||
February
2010
|
14
|
2,718,373.03
|
0.68
|
8.739
|
357
|
84.07
|
614
|
|||||||||||||||
March
2010
|
33
|
4,874,958.04
|
1.22
|
8.815
|
358
|
83.93
|
614
|
|||||||||||||||
April
2010
|
17
|
3,077,118.13
|
0.77
|
9.004
|
359
|
75.31
|
591
|
|||||||||||||||
May
2010
|
18
|
2,437,755.00
|
0.61
|
8.919
|
360
|
73.52
|
593
|
|||||||||||||||
December
2011
|
3
|
432,571.64
|
0.11
|
6.042
|
355
|
69.87
|
703
|
|||||||||||||||
February
2012
|
2
|
278,815.69
|
0.07
|
9.199
|
357
|
83.13
|
599
|
|||||||||||||||
March
2012
|
6
|
1,133,196.00
|
0.28
|
9.117
|
358
|
83.21
|
648
|
|||||||||||||||
May
2012
|
3
|
504,750.00
|
0.13
|
9.030
|
360
|
81.17
|
700
|
|||||||||||||||
December
2013
|
1
|
346,353.57
|
0.09
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Range
of Gross Margins (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
2.500-2.999
|
1
|
0.02
|
%
|
6.990
|
%
|
358
|
46.01
|
%
|
714
|
|||||||||||||
3.500-3.999
|
3
|
517,974.35
|
0.13
|
7.131
|
358
|
70.28
|
671
|
|||||||||||||||
4.000-4.499
|
34
|
7,391,521.68
|
1.85
|
7.082
|
358
|
70.86
|
664
|
|||||||||||||||
4.500-4.999
|
150
|
28,223,175.08
|
7.07
|
7.933
|
358
|
73.26
|
638
|
|||||||||||||||
5.000-5.499
|
311
|
55,494,882.04
|
13.91
|
8.516
|
358
|
77.88
|
625
|
|||||||||||||||
5.500-5.999
|
519
|
89,126,712.46
|
22.34
|
9.020
|
358
|
80.79
|
606
|
|||||||||||||||
6.000-6.499
|
578
|
99,547,208.00
|
24.95
|
9.534
|
358
|
82.42
|
584
|
|||||||||||||||
6.500-6.999
|
439
|
71,966,628.79
|
18.04
|
10.025
|
358
|
83.08
|
573
|
|||||||||||||||
7.000-7.499
|
278
|
43,602,792.35
|
10.93
|
9.896
|
358
|
81.56
|
561
|
|||||||||||||||
7.500-7.999
|
21
|
2,718,608.10
|
0.68
|
9.720
|
354
|
87.35
|
595
|
|||||||||||||||
9.000-9.499
|
1
|
74,784.89
|
0.02
|
11.125
|
352
|
100.00
|
662
|
|||||||||||||||
10.500-10.999
|
1
|
209,750.13
|
0.05
|
10.550
|
357
|
100.00
|
732
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Adjustable
Rate Loan Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
ARM
- 2 Year/6 Month
|
1,447
|
57.79
|
%
|
9.446
|
%
|
358
|
79.71
|
%
|
586
|
|||||||||||||
ARM
- 3 Year/6 Month
|
116
|
16,781,602.57
|
4.21
|
8.639
|
356
|
80.39
|
593
|
|||||||||||||||
ARM
- 5 Year/6 Month
|
8
|
1,313,677.72
|
0.33
|
8.460
|
357
|
77.27
|
676
|
|||||||||||||||
ARM
- 7 Year/6 Month
|
1
|
346,353.57
|
0.09
|
6.625
|
355
|
80.00
|
664
|
|||||||||||||||
ARM
- 2 Year/6 Month - Interest Only*
|
62
|
14,654,900.18
|
3.67
|
8.769
|
358
|
82.18
|
652
|
|||||||||||||||
ARM
- 3 Year/6 Month - Interest Only*
|
8
|
1,715,811.00
|
0.43
|
8.285
|
358
|
83.82
|
649
|
|||||||||||||||
ARM
- 5 Year/6 Month - Interest Only**
|
3
|
459,163.52
|
0.12
|
8.397
|
359
|
85.71
|
687
|
|||||||||||||||
ARM
- 2 Year/6 Month - 40/30 Balloon
|
674
|
130,041,592.36
|
32.60
|
9.061
|
359
|
81.95
|
605
|
|||||||||||||||
ARM
- 3 Year/6 Month - 40/30 Balloon
|
14
|
2,496,350.28
|
0.63
|
8.862
|
358
|
84.87
|
613
|
|||||||||||||||
ARM
- 5 Year/6 Month - 40/30 Balloon
|
3
|
576,492.09
|
0.14
|
8.843
|
358
|
82.92
|
617
|
|||||||||||||||
Total
|
2,336
|
100.00
|
%
|
9.245
|
%
|
358
|
80.61
|
%
|
596
|
Amortization
Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Interest
Only
|
80
|
2.63
|
%
|
8.687
|
%
|
358
|
82.03
|
%
|
652
|
|||||||||||||
Not
Interest Only
|
4,692
|
670,366,396.11
|
97.37
|
9.024
|
347
|
79.42
|
603
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Seasoning
(months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0
|
1,018
|
22.40
|
%
|
9.375
|
%
|
349
|
77.01
|
%
|
601
|
|||||||||||||
1
|
1,206
|
176,101,681.22
|
25.58
|
9.224
|
350
|
78.64
|
602
|
|||||||||||||||
2
|
1,235
|
181,336,409.03
|
26.34
|
8.808
|
350
|
79.84
|
606
|
|||||||||||||||
3
|
468
|
72,797,897.98
|
10.57
|
9.007
|
351
|
81.94
|
600
|
|||||||||||||||
4
|
43
|
7,260,142.58
|
1.05
|
9.060
|
352
|
86.41
|
610
|
|||||||||||||||
5
|
330
|
39,035,804.99
|
5.67
|
8.279
|
331
|
82.96
|
629
|
|||||||||||||||
6
|
279
|
34,806,424.63
|
5.06
|
8.222
|
338
|
80.27
|
615
|
|||||||||||||||
7
or More
|
193
|
22,888,694.48
|
3.32
|
9.086
|
334
|
82.67
|
598
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Original
Prepayment Penalty Term (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
No
prepayment penalty
|
1,804
|
37.26
|
%
|
9.302
|
%
|
346
|
78.93
|
%
|
604
|
|||||||||||||
12
|
28
|
4,765,223.43
|
0.69
|
9.088
|
338
|
78.85
|
623
|
|||||||||||||||
24
|
914
|
149,533,818.27
|
21.72
|
9.198
|
357
|
80.73
|
598
|
|||||||||||||||
36
|
2,026
|
277,626,868.86
|
40.33
|
8.650
|
344
|
79.34
|
608
|
|||||||||||||||
Total
|
4,772
|
100.00
|
%
|
9.015
|
%
|
348
|
79.49
|
%
|
605
|
Geographical
Distribution
|
Number
of Mortgage Loans
|
|
Aggregate
Cut-off Date Principal Balance
|
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
|
Weighted
Average Gross Coupon
|
|
Weighted
Average Stated Remaining Term (Months)
|
|
Weighted
Average Original LTV
|
|
Weighted
Average FICO
|
|||||||||
Alabama
|
16
|
0.77
|
%
|
10.814
|
%
|
353
|
86.87
|
%
|
579
|
|||||||||||||
Arizona
|
39
|
8,930,049.14
|
3.50
|
9.405
|
348
|
82.64
|
626
|
|||||||||||||||
Arkansas
|
9
|
1,118,686.32
|
0.44
|
8.841
|
348
|
85.36
|
591
|
|||||||||||||||
California
|
147
|
53,577,884.03
|
21.00
|
8.814
|
345
|
83.78
|
639
|
|||||||||||||||
Colorado
|
7
|
2,226,835.80
|
0.87
|
8.365
|
351
|
80.96
|
581
|
|||||||||||||||
Connecticut
|
7
|
1,887,306.70
|
0.74
|
9.301
|
342
|
89.33
|
645
|
|||||||||||||||
Delaware
|
4
|
891,759.61
|
0.35
|
9.440
|
355
|
85.01
|
599
|
|||||||||||||||
District
of Columbia
|
4
|
1,931,606.58
|
0.76
|
8.783
|
341
|
83.04
|
590
|
|||||||||||||||
Florida
|
274
|
67,692,951.66
|
26.53
|
9.300
|
347
|
84.18
|
651
|
|||||||||||||||
Georgia
|
24
|
4,214,788.41
|
1.65
|
10.027
|
350
|
83.21
|
600
|
|||||||||||||||
Idaho
|
3
|
338,449.22
|
0.13
|
10.232
|
343
|
90.34
|
619
|
|||||||||||||||
Illinois
|
20
|
4,253,419.65
|
1.67
|
9.599
|
346
|
84.54
|
620
|
|||||||||||||||
Indiana
|
8
|
1,513,649.57
|
0.59
|
9.192
|
357
|
82.79
|
639
|
|||||||||||||||
Iowa
|
3
|
235,671.03
|
0.09
|
10.909
|
356
|
86.06
|
577
|
|||||||||||||||
Kansas
|
8
|
974,216.45
|
0.38
|
10.513
|
359
|
85.06
|
583
|
|||||||||||||||
Kentucky
|
9
|
1,073,148.76
|
0.42
|
10.479
|
359
|
86.04
|
548
|
|||||||||||||||
Louisiana
|
21
|
2,447,589.41
|
0.96
|
9.839
|
353
|
85.32
|
623
|
|||||||||||||||
Maine
|
4
|
940,491.86
|
0.37
|
8.475
|
359
|
75.77
|
706
|
|||||||||||||||
Maryland
|
39
|
11,889,759.84
|
4.66
|
9.224
|
352
|
85.54
|
614
|
|||||||||||||||
Massachusetts
|
9
|
3,612,824.04
|
1.42
|
8.864
|
355
|
86.75
|
573
|
|||||||||||||||
Michigan
|
49
|
7,373,021.34
|
2.89
|
9.698
|
355
|
82.60
|
612
|
|||||||||||||||
Minnesota
|
8
|
1,996,795.48
|
0.78
|
9.783
|
352
|
88.18
|
615
|
|||||||||||||||
Mississippi
|
12
|
1,760,706.14
|
0.69
|
10.214
|
343
|
84.16
|
614
|
|||||||||||||||
Missouri
|
25
|
2,661,018.16
|
1.04
|
9.815
|
347
|
85.11
|
608
|
|||||||||||||||
Nebraska
|
1
|
87,981.56
|
0.03
|
9.600
|
354
|
90.00
|
603
|
|||||||||||||||
Nevada
|
20
|
4,354,664.52
|
1.71
|
9.270
|
342
|
83.77
|
619
|
|||||||||||||||
New
Hampshire
|
1
|
95,940.35
|
0.04
|
11.650
|
178
|
100.00
|
648
|
|||||||||||||||
New
Jersey
|
23
|
7,761,462.97
|
3.04
|
9.238
|
343
|
83.98
|
631
|
|||||||||||||||
New
Mexico
|
6
|
1,297,671.40
|
0.51
|
9.926
|
336
|
87.57
|
577
|
|||||||||||||||
New
York
|
20
|
6,000,969.08
|
2.35
|
9.092
|
354
|
82.65
|
594
|
|||||||||||||||
North
Carolina
|
32
|
5,868,505.73
|
2.30
|
9.743
|
344
|
83.54
|
625
|
|||||||||||||||
North
Dakota
|
1
|
92,700.00
|
0.04
|
10.250
|
360
|
90.00
|
587
|
Geographical
Distribution
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
Ohio
|
6
|
671,019.89
|
0.26
|
9.833
|
304
|
85.74
|
555
|
|||||||||||||||
Oregon
|
9
|
1,912,722.32
|
0.75
|
9.672
|
339
|
84.47
|
642
|
|||||||||||||||
Pennsylvania
|
39
|
5,038,259.27
|
1.97
|
8.881
|
347
|
83.63
|
630
|
|||||||||||||||
Rhode
Island
|
3
|
466,056.18
|
0.18
|
9.450
|
340
|
91.42
|
688
|
|||||||||||||||
South
Carolina
|
37
|
4,918,250.16
|
1.93
|
9.759
|
348
|
84.86
|
613
|
|||||||||||||||
Tennessee
|
14
|
1,893,674.56
|
0.74
|
9.436
|
347
|
89.75
|
636
|
|||||||||||||||
Texas
|
69
|
10,464,087.22
|
4.10
|
9.595
|
347
|
87.75
|
640
|
|||||||||||||||
Utah
|
15
|
4,751,825.73
|
1.86
|
9.348
|
355
|
84.35
|
645
|
|||||||||||||||
Virginia
|
35
|
8,394,742.27
|
3.29
|
9.014
|
352
|
80.99
|
606
|
|||||||||||||||
Washington
|
15
|
4,577,206.70
|
1.79
|
8.522
|
329
|
85.16
|
657
|
|||||||||||||||
West
Virginia
|
3
|
360,409.19
|
0.14
|
9.619
|
318
|
85.62
|
593
|
|||||||||||||||
Wisconsin
|
7
|
638,135.18
|
0.25
|
10.056
|
349
|
87.57
|
627
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Property
Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Condo
|
70
|
6.48
|
%
|
9.519
|
%
|
345
|
84.79
|
%
|
654
|
|||||||||||||
Multi-Unit
|
28
|
6,707,046.19
|
2.63
|
9.565
|
349
|
87.31
|
636
|
|||||||||||||||
PUD
|
213
|
55,820,754.05
|
21.88
|
9.399
|
348
|
85.77
|
641
|
|||||||||||||||
Single
Family Residence
|
794
|
176,087,645.08
|
69.02
|
9.170
|
347
|
83.60
|
626
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Loan
Purpose (1)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Cash
Out Refinance
|
398
|
47.16
|
%
|
8.966
|
%
|
351
|
80.28
|
%
|
605
|
|||||||||||||
Purchase
|
686
|
129,001,734.51
|
50.56
|
9.523
|
343
|
88.03
|
655
|
|||||||||||||||
Rate/Term
Refinance
|
21
|
5,815,013.64
|
2.28
|
9.205
|
354
|
82.60
|
650
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
(1)
|
In
general, in the case of a mortgage loan made for “rate/term” refinance
purposes, substantially all of the proceeds are used to pay in full
the
principal balance of a previous mortgage loan of the mortgagor with
respect to the related mortgaged property and to pay associated
origination and closing costs. Mortgage loans made for “cash-out”
refinance purposes may involve the use of the proceeds to pay in
full the
principal balance of a previous mortgage loan and related costs except
that a portion of the proceeds are generally retained by the mortgagor
for
uses unrelated to the mortgaged property. The amount of these proceeds
retained by the mortgagor may be substantial.
|
Occupancy
Status
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Investment
(Non-Owner Occupied)
|
38
|
2.81
|
%
|
9.925
|
%
|
358
|
81.47
|
%
|
681
|
|||||||||||||
Primary
|
1,038
|
237,177,791.52
|
92.96
|
9.234
|
347
|
84.16
|
628
|
|||||||||||||||
Secondary
Home
|
29
|
10,792,012.06
|
4.23
|
9.218
|
350
|
88.11
|
673
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Loan
Documentation Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Full
Documentation
|
544
|
39.27
|
%
|
9.044
|
%
|
343
|
84.30
|
%
|
603
|
|||||||||||||
Limited
Documentation
|
5
|
1,749,290.00
|
0.69
|
8.564
|
356
|
82.18
|
672
|
|||||||||||||||
No
Documentation
|
90
|
22,225,616.51
|
8.71
|
9.128
|
353
|
85.64
|
700
|
|||||||||||||||
Stated
Income
|
466
|
130,983,069.64
|
51.34
|
9.444
|
349
|
84.00
|
640
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Risk
Classification
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
M1
|
614
|
128,652,024.70
|
50.42
|
9.371
|
345
|
86.23
|
625
|
|||||||||||||||
M2
|
186
|
54,655,413.05
|
21.42
|
9.347
|
358
|
80.65
|
589
|
|||||||||||||||
M3
|
41
|
7,846,871.07
|
3.08
|
9.280
|
358
|
73.42
|
557
|
|||||||||||||||
M4
|
15
|
1,896,166.91
|
0.74
|
10.638
|
359
|
59.80
|
553
|
|||||||||||||||
Alt
A
|
246
|
61,821,500.12
|
24.23
|
8.880
|
341
|
85.42
|
694
|
|||||||||||||||
Fico
Enhanced
|
1
|
118,470.41
|
0.05
|
9.500
|
300
|
95.00
|
581
|
|||||||||||||||
AA
|
1
|
95,879.11
|
0.04
|
8.000
|
72
|
80.00
|
583
|
|||||||||||||||
A
|
1
|
0.02
|
%
|
10.250
|
%
|
172
|
85.00
|
%
|
536
|
|||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Range
of LTV Ratios* (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0.01-49.99
|
29
|
1.73
|
%
|
7.941
|
%
|
334
|
41.68
|
%
|
624
|
|||||||||||||
50.00-54.99
|
8
|
2,146,025.53
|
0.84
|
9.978
|
359
|
51.04
|
604
|
|||||||||||||||
55.00-59.99
|
18
|
2,108,531.23
|
0.83
|
8.559
|
356
|
56.99
|
585
|
|||||||||||||||
60.00-64.99
|
30
|
4,829,956.15
|
1.89
|
8.407
|
357
|
62.92
|
574
|
|||||||||||||||
65.00-69.99
|
31
|
6,602,960.59
|
2.59
|
8.812
|
359
|
67.24
|
617
|
|||||||||||||||
70.00-74.99
|
35
|
11,560,965.05
|
4.53
|
8.966
|
352
|
72.38
|
583
|
|||||||||||||||
75.00-79.99
|
52
|
16,243,629.64
|
6.37
|
8.574
|
358
|
76.70
|
610
|
|||||||||||||||
80.00
|
215
|
66,400,241.02
|
26.02
|
8.463
|
357
|
80.00
|
650
|
|||||||||||||||
80.01-84.99
|
26
|
10,011,145.97
|
3.92
|
9.188
|
357
|
83.63
|
604
|
|||||||||||||||
85.00-89.99
|
85
|
24,027,654.83
|
9.42
|
9.645
|
357
|
86.10
|
596
|
|||||||||||||||
90.00-94.99
|
195
|
47,901,556.30
|
18.77
|
9.558
|
356
|
90.38
|
628
|
|||||||||||||||
95.00-99.99
|
139
|
37,355,843.68
|
14.64
|
9.866
|
354
|
95.03
|
651
|
|||||||||||||||
100.00
|
242
|
21,545,385.98
|
8.44
|
10.797
|
252
|
100.00
|
668
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Range
of Cut-Off Date Principal Balances ($)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0.01-50,000.00
|
137
|
1.89
|
%
|
11.570
|
%
|
199
|
96.33
|
%
|
645
|
|||||||||||||
50,000.01-100,000.00
|
252
|
19,011,081.16
|
7.45
|
10.120
|
306
|
82.08
|
612
|
|||||||||||||||
100,000.01-150,000.00
|
160
|
19,991,280.11
|
7.84
|
9.982
|
331
|
84.22
|
612
|
|||||||||||||||
150,000.01-200,000.00
|
103
|
17,812,079.61
|
6.98
|
9.627
|
346
|
84.49
|
626
|
|||||||||||||||
200,000.01-250,000.00
|
99
|
22,236,921.47
|
8.72
|
9.568
|
353
|
86.71
|
629
|
|||||||||||||||
250,000.01-300,000.00
|
50
|
13,748,040.44
|
5.39
|
9.080
|
359
|
85.03
|
642
|
|||||||||||||||
300,000.01-350,000.00
|
38
|
12,316,614.15
|
4.83
|
9.570
|
357
|
89.41
|
639
|
|||||||||||||||
350,000.01-400,000.00
|
27
|
10,185,377.01
|
3.99
|
8.983
|
358
|
86.84
|
653
|
|||||||||||||||
400,000.01-450,000.00
|
50
|
21,469,914.36
|
8.41
|
8.965
|
353
|
81.96
|
635
|
|||||||||||||||
450,000.01-500,000.00
|
57
|
27,098,855.30
|
10.62
|
8.770
|
358
|
85.90
|
622
|
|||||||||||||||
500,000.01-550,000.00
|
36
|
18,871,922.23
|
7.40
|
9.016
|
355
|
82.42
|
629
|
|||||||||||||||
550,000.01-600,000.00
|
30
|
17,360,034.27
|
6.80
|
8.644
|
358
|
83.65
|
648
|
|||||||||||||||
600,000.01-650,000.00
|
21
|
13,050,208.63
|
5.11
|
8.723
|
358
|
80.40
|
621
|
|||||||||||||||
650,000.01-700,000.00
|
9
|
6,024,271.67
|
2.36
|
9.354
|
358
|
87.44
|
647
|
|||||||||||||||
700,000.01-750,000.00
|
12
|
8,810,743.08
|
3.45
|
9.407
|
358
|
87.89
|
599
|
|||||||||||||||
750,000.01-800,000.00
|
5
|
3,901,911.86
|
1.53
|
8.382
|
358
|
86.28
|
671
|
|||||||||||||||
800,000.01-850,000.00
|
1
|
815,710.28
|
0.32
|
7.250
|
359
|
80.00
|
618
|
|||||||||||||||
850,000.01-900,000.00
|
6
|
5,267,325.17
|
2.06
|
9.123
|
358
|
77.34
|
631
|
|||||||||||||||
900,000.01-950,000.00
|
2
|
1,892,009.55
|
0.74
|
9.124
|
356
|
84.56
|
632
|
|||||||||||||||
950,000.01-1,000,000.00
|
4
|
3,888,972.21
|
1.52
|
9.046
|
356
|
74.08
|
613
|
|||||||||||||||
1,000,000.01
and Above
|
6
|
6,565,027.95
|
2.57
|
7.942
|
356
|
75.61
|
704
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Range
of Remaining Terms to Maturity (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
1-60
|
1
|
0.01
|
%
|
10.250
|
%
|
53
|
62.50
|
%
|
544
|
|||||||||||||
61-120
|
3
|
580,014.95
|
0.23
|
6.766
|
112
|
57.34
|
758
|
|||||||||||||||
121-180
|
224
|
14,020,058.78
|
5.49
|
11.517
|
177
|
99.19
|
659
|
|||||||||||||||
181-240
|
6
|
673,832.41
|
0.26
|
7.744
|
238
|
74.50
|
680
|
|||||||||||||||
241-300
|
3
|
284,565.98
|
0.11
|
9.322
|
298
|
86.24
|
587
|
|||||||||||||||
301-360
|
868
|
239,561,460.43
|
93.89
|
9.131
|
358
|
83.47
|
629
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Original
Terms to Maturity (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
120
|
3
|
0.20
|
%
|
6.688
|
%
|
117
|
53.28
|
%
|
782
|
|||||||||||||
180
|
224
|
14,059,638.76
|
5.51
|
11.498
|
176
|
99.11
|
659
|
|||||||||||||||
240
|
7
|
730,131.54
|
0.29
|
7.937
|
233
|
75.31
|
669
|
|||||||||||||||
360
|
871
|
239,846,026.41
|
94.00
|
9.131
|
358
|
83.47
|
629
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Lien
Position
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
First
Lien
|
872
|
94.36
|
%
|
9.117
|
%
|
357
|
83.37
|
%
|
629
|
|||||||||||||
Second
Lien
|
233
|
14,395,733.30
|
5.64
|
11.522
|
183
|
99.05
|
661
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Range
of Credit Scores
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
400-499
|
11
|
0.44
|
%
|
10.406
|
%
|
359
|
61.31
|
%
|
491
|
|||||||||||||
500-524
|
52
|
8,130,338.66
|
3.19
|
9.898
|
354
|
78.66
|
514
|
|||||||||||||||
525-549
|
99
|
22,938,279.82
|
8.99
|
9.679
|
355
|
78.92
|
537
|
|||||||||||||||
550-574
|
97
|
24,892,135.96
|
9.76
|
9.416
|
355
|
81.28
|
563
|
|||||||||||||||
575-599
|
119
|
23,438,870.35
|
9.19
|
9.750
|
352
|
83.73
|
588
|
|||||||||||||||
600-624
|
145
|
35,684,460.41
|
13.99
|
9.267
|
350
|
84.40
|
613
|
|||||||||||||||
625-649
|
197
|
43,334,778.88
|
16.98
|
9.276
|
340
|
85.98
|
637
|
|||||||||||||||
650-674
|
162
|
37,201,100.10
|
14.58
|
9.093
|
345
|
86.66
|
660
|
|||||||||||||||
675-699
|
82
|
21,312,332.24
|
8.35
|
8.853
|
343
|
86.11
|
685
|
|||||||||||||||
700
and Above
|
141
|
37,097,485.22
|
14.54
|
8.741
|
341
|
86.12
|
743
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Range
of Gross Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
5.000-5.499
|
1
|
0.19
|
%
|
5.400
|
%
|
359
|
79.19
|
%
|
689
|
|||||||||||||
5.500-5.999
|
2
|
995,524.19
|
0.39
|
5.887
|
355
|
63.52
|
653
|
|||||||||||||||
6.000-6.499
|
4
|
1,631,952.44
|
0.64
|
6.327
|
292
|
59.96
|
700
|
|||||||||||||||
6.500-6.999
|
19
|
6,472,456.82
|
2.54
|
6.813
|
348
|
76.91
|
656
|
|||||||||||||||
7.000-7.499
|
34
|
12,630,756.24
|
4.95
|
7.308
|
358
|
79.97
|
647
|
|||||||||||||||
7.500-7.999
|
81
|
28,590,770.88
|
11.21
|
7.801
|
357
|
79.09
|
663
|
|||||||||||||||
8.000-8.499
|
97
|
29,525,132.37
|
11.57
|
8.280
|
356
|
80.73
|
652
|
|||||||||||||||
8.500-8.999
|
131
|
37,244,052.54
|
14.60
|
8.769
|
355
|
82.59
|
614
|
|||||||||||||||
9.000-9.499
|
112
|
30,722,753.22
|
12.04
|
9.290
|
356
|
86.21
|
639
|
|||||||||||||||
9.500-9.999
|
164
|
41,151,821.10
|
16.13
|
9.762
|
353
|
86.36
|
627
|
|||||||||||||||
10.000-10.499
|
92
|
20,568,738.33
|
8.06
|
10.238
|
354
|
86.54
|
605
|
|||||||||||||||
10.500-10.999
|
111
|
18,998,531.31
|
7.45
|
10.737
|
344
|
87.96
|
601
|
|||||||||||||||
11.000-11.499
|
61
|
6,750,591.79
|
2.65
|
11.237
|
305
|
91.22
|
623
|
|||||||||||||||
11.500-11.999
|
86
|
12,429,602.45
|
4.87
|
11.771
|
309
|
90.36
|
608
|
|||||||||||||||
12.000-12.499
|
40
|
3,081,191.95
|
1.21
|
12.220
|
266
|
95.24
|
630
|
|||||||||||||||
12.500-12.999
|
37
|
2,319,123.68
|
0.91
|
12.680
|
227
|
98.11
|
631
|
|||||||||||||||
13.000-13.499
|
23
|
1,102,733.92
|
0.43
|
13.205
|
177
|
100.00
|
639
|
|||||||||||||||
13.500-13.999
|
9
|
395,850.02
|
0.16
|
13.678
|
177
|
100.00
|
634
|
|||||||||||||||
14.000-14.499
|
1
|
44,584.40
|
0.02
|
14.200
|
178
|
100.00
|
763
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Fixed
Rate Loan Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Fixed
Rate
|
112
|
49.79
|
%
|
8.800
|
%
|
336
|
78.04
|
%
|
625
|
|||||||||||||
Fixed
Rate 30/15 Balloon
|
204
|
12,962,390.86
|
32.29
|
11.566
|
176
|
99.46
|
660
|
|||||||||||||||
Fixed
Rate 40/30 Balloon
|
20
|
7,190,749.58
|
17.91
|
8.800
|
359
|
79.22
|
591
|
|||||||||||||||
Total
|
336
|
100.00
|
%
|
9.693
|
%
|
289
|
85.17
|
%
|
630
|
Initial
Periodic Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
3.000
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
|||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Periodic
Rate Cap (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
1.000
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
|||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Range
of Maximum Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
10.500-10.999
|
1
|
0.25
|
%
|
5.875
|
%
|
353
|
49.40
|
%
|
670
|
|||||||||||||
11.500-11.999
|
1
|
630,360.11
|
0.29
|
6.875
|
354
|
80.00
|
661
|
|||||||||||||||
12.500-12.999
|
1
|
459,524.19
|
0.21
|
5.900
|
358
|
80.00
|
633
|
|||||||||||||||
13.000-13.499
|
3
|
769,661.31
|
0.36
|
6.897
|
353
|
83.26
|
644
|
|||||||||||||||
13.500-13.999
|
17
|
5,080,189.28
|
2.36
|
6.931
|
358
|
76.73
|
645
|
|||||||||||||||
14.000-14.499
|
30
|
10,843,252.97
|
5.04
|
7.315
|
358
|
80.73
|
658
|
|||||||||||||||
14.500-14.999
|
63
|
23,517,998.87
|
10.94
|
7.811
|
357
|
79.86
|
671
|
|||||||||||||||
15.000-15.499
|
86
|
25,865,179.18
|
12.03
|
8.276
|
358
|
80.38
|
655
|
|||||||||||||||
15.500-15.999
|
105
|
32,538,517.83
|
15.13
|
8.754
|
358
|
83.57
|
617
|
|||||||||||||||
16.000-16.499
|
96
|
28,931,063.64
|
13.46
|
9.287
|
358
|
86.10
|
640
|
|||||||||||||||
16.500-16.999
|
132
|
35,782,361.13
|
16.64
|
9.752
|
358
|
86.78
|
628
|
|||||||||||||||
17.000-17.499
|
77
|
18,940,734.70
|
8.81
|
10.234
|
358
|
86.75
|
606
|
|||||||||||||||
17.500-17.999
|
84
|
16,597,159.68
|
7.72
|
10.732
|
358
|
87.09
|
598
|
|||||||||||||||
18.000-18.499
|
25
|
4,013,366.46
|
1.87
|
11.222
|
358
|
88.59
|
605
|
|||||||||||||||
18.500-18.999
|
37
|
8,614,424.83
|
4.01
|
11.763
|
359
|
86.70
|
588
|
|||||||||||||||
19.000-19.499
|
8
|
1,382,591.44
|
0.64
|
12.198
|
359
|
89.81
|
577
|
|||||||||||||||
19.500-19.999
|
3
|
500,773.26
|
0.23
|
12.551
|
359
|
93.04
|
548
|
|||||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Range
of Minimum Interest Rates (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
4.000-4.499
|
1
|
0.48
|
%
|
7.350
|
%
|
357
|
80.00
|
%
|
668
|
|||||||||||||
5.500-5.999
|
3
|
1,187,403.85
|
0.55
|
6.406
|
356
|
66.19
|
644
|
|||||||||||||||
6.000-6.499
|
3
|
769,661.31
|
0.36
|
6.897
|
353
|
83.26
|
644
|
|||||||||||||||
6.500-6.999
|
16
|
5,392,137.88
|
2.51
|
6.823
|
358
|
76.92
|
647
|
|||||||||||||||
7.000-7.499
|
30
|
10,033,359.59
|
4.67
|
7.310
|
358
|
80.79
|
656
|
|||||||||||||||
7.500-7.999
|
63
|
23,517,998.87
|
10.94
|
7.811
|
357
|
79.86
|
671
|
|||||||||||||||
8.000-8.499
|
86
|
25,865,179.18
|
12.03
|
8.276
|
358
|
80.38
|
655
|
|||||||||||||||
8.500-8.999
|
106
|
32,629,223.29
|
15.18
|
8.763
|
358
|
83.56
|
617
|
|||||||||||||||
9.000-9.499
|
96
|
28,797,425.27
|
13.39
|
9.287
|
358
|
86.14
|
640
|
|||||||||||||||
9.500-9.999
|
132
|
35,782,361.13
|
16.64
|
9.752
|
358
|
86.78
|
628
|
|||||||||||||||
10.000-10.499
|
77
|
18,940,734.70
|
8.81
|
10.234
|
358
|
86.75
|
606
|
|||||||||||||||
10.500-10.999
|
84
|
16,597,159.68
|
7.72
|
10.732
|
358
|
87.09
|
598
|
|||||||||||||||
11.000-11.499
|
25
|
4,013,366.46
|
1.87
|
11.222
|
358
|
88.59
|
605
|
|||||||||||||||
11.500-11.999
|
36
|
8,556,183.54
|
3.98
|
11.782
|
359
|
86.68
|
588
|
|||||||||||||||
12.000-12.499
|
8
|
1,382,591.44
|
0.64
|
12.198
|
359
|
89.81
|
577
|
|||||||||||||||
12.500-12.999
|
3
|
500,773.26
|
0.23
|
12.551
|
359
|
93.04
|
548
|
|||||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Date
of Next Rate Change Date
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
July
2007
|
1
|
0.03
|
%
|
11.375
|
%
|
290
|
80.00
|
%
|
646
|
|||||||||||||
August
2007
|
1
|
155,831.34
|
0.07
|
9.250
|
333
|
100.00
|
638
|
|||||||||||||||
October
2007
|
2
|
166,310.30
|
0.08
|
7.734
|
314
|
80.00
|
585
|
|||||||||||||||
November
2007
|
1
|
118,470.41
|
0.06
|
9.500
|
300
|
95.00
|
581
|
|||||||||||||||
January
2008
|
1
|
107,177.37
|
0.05
|
9.950
|
344
|
80.00
|
582
|
|||||||||||||||
February
2008
|
2
|
267,188.93
|
0.12
|
9.730
|
345
|
86.99
|
537
|
|||||||||||||||
March
2008
|
1
|
58,241.29
|
0.03
|
9.000
|
346
|
90.00
|
551
|
|||||||||||||||
April
2008
|
5
|
693,041.08
|
0.32
|
9.312
|
347
|
82.18
|
607
|
|||||||||||||||
May
2008
|
12
|
2,149,973.10
|
1.00
|
9.288
|
348
|
89.58
|
563
|
|||||||||||||||
June
2008
|
4
|
757,389.54
|
0.35
|
8.665
|
349
|
80.46
|
556
|
|||||||||||||||
July
2008
|
9
|
1,698,838.97
|
0.79
|
8.872
|
350
|
81.61
|
582
|
|||||||||||||||
August
2008
|
6
|
2,661,711.35
|
1.24
|
9.361
|
351
|
78.48
|
650
|
|||||||||||||||
September
2008
|
2
|
818,718.11
|
0.38
|
9.785
|
352
|
87.67
|
592
|
|||||||||||||||
October
2008
|
7
|
2,137,469.53
|
0.99
|
9.742
|
353
|
86.23
|
588
|
|||||||||||||||
November
2008
|
4
|
2,216,101.22
|
1.03
|
8.430
|
354
|
88.41
|
632
|
|||||||||||||||
December
2008
|
12
|
5,546,713.15
|
2.58
|
8.756
|
355
|
86.17
|
616
|
|||||||||||||||
January
2009
|
17
|
5,642,580.95
|
2.62
|
8.885
|
356
|
84.36
|
629
|
|||||||||||||||
February
2009
|
95
|
32,727,362.39
|
15.22
|
8.718
|
357
|
83.42
|
628
|
|||||||||||||||
March
2009
|
157
|
41,227,657.79
|
19.18
|
8.752
|
358
|
80.46
|
634
|
|||||||||||||||
April
2009
|
221
|
58,249,662.53
|
27.09
|
9.257
|
359
|
83.94
|
635
|
|||||||||||||||
May
2009
|
194
|
52,805,581.20
|
24.56
|
9.826
|
360
|
87.08
|
636
|
|||||||||||||||
October
2009
|
2
|
964,040.55
|
0.45
|
6.930
|
353
|
71.87
|
666
|
|||||||||||||||
November
2009
|
2
|
485,483.33
|
0.23
|
9.354
|
354
|
100.00
|
657
|
|||||||||||||||
December
2009
|
1
|
498,577.60
|
0.23
|
8.875
|
355
|
100.00
|
600
|
|||||||||||||||
February
2010
|
1
|
451,176.93
|
0.21
|
8.525
|
357
|
80.00
|
664
|
|||||||||||||||
March
2010
|
4
|
847,469.36
|
0.39
|
8.167
|
358
|
74.00
|
632
|
|||||||||||||||
April
2010
|
2
|
707,711.81
|
0.33
|
9.973
|
359
|
93.35
|
630
|
|||||||||||||||
May
2010
|
2
|
696,100.00
|
0.32
|
7.512
|
360
|
81.19
|
618
|
|||||||||||||||
May
2012
|
1
|
87,750.00
|
0.04
|
11.200
|
360
|
75.00
|
685
|
|||||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Range
of Gross Margins (%)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
3.000-3.499
|
1
|
0.04
|
%
|
6.950
|
%
|
359
|
60.47
|
%
|
596
|
|||||||||||||
3.500-3.999
|
3
|
1,095,560.95
|
0.51
|
6.729
|
356
|
65.03
|
693
|
|||||||||||||||
4.000-4.499
|
12
|
4,139,647.76
|
1.93
|
7.753
|
358
|
75.39
|
691
|
|||||||||||||||
4.500-4.999
|
84
|
26,372,211.85
|
12.27
|
7.931
|
358
|
78.56
|
703
|
|||||||||||||||
5.000-5.499
|
127
|
36,981,283.32
|
17.20
|
8.591
|
358
|
82.01
|
651
|
|||||||||||||||
5.500-5.999
|
166
|
48,512,987.07
|
22.56
|
9.167
|
358
|
85.10
|
633
|
|||||||||||||||
6.000-6.499
|
171
|
43,528,840.94
|
20.25
|
9.617
|
358
|
86.55
|
612
|
|||||||||||||||
6.500-6.999
|
128
|
34,342,330.23
|
15.97
|
10.149
|
358
|
86.39
|
594
|
|||||||||||||||
7.000-7.499
|
72
|
18,356,936.02
|
8.54
|
9.665
|
357
|
85.94
|
583
|
|||||||||||||||
7.500-7.999
|
2
|
926,762.38
|
0.43
|
9.621
|
355
|
84.25
|
568
|
|||||||||||||||
8.000-8.499
|
1
|
415,670.81
|
0.19
|
9.225
|
354
|
100.00
|
669
|
|||||||||||||||
9.000-9.499
|
2
|
254,490.88
|
0.12
|
11.214
|
353
|
96.37
|
610
|
|||||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Adjustable
Rate Loan Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
ARM
- 2 Year/6 Month
|
452
|
49.19
|
%
|
9.409
|
%
|
358
|
84.62
|
%
|
622
|
|||||||||||||
ARM
- 3 Year/6 Month
|
10
|
3,281,691.95
|
1.53
|
9.026
|
356
|
93.08
|
642
|
|||||||||||||||
ARM
- 5 Year/6 Month
|
1
|
87,750.00
|
0.04
|
11.200
|
360
|
75.00
|
685
|
|||||||||||||||
ARM
- 2 Year/6 Month - Interest Only*
|
53
|
24,265,299.47
|
11.29
|
8.691
|
358
|
82.15
|
675
|
|||||||||||||||
ARM
- 2 Year/6 Month - Interest Only*
|
2
|
1,125,000.00
|
0.52
|
6.438
|
357
|
65.21
|
646
|
|||||||||||||||
ARM
- 2 Year/6 Month - 40/30 Balloon
|
249
|
80,247,992.98
|
37.32
|
9.049
|
358
|
83.99
|
630
|
|||||||||||||||
ARM
- 3 Year/6 Month - 40/30 Balloon
|
2
|
243,867.63
|
0.11
|
7.530
|
358
|
42.11
|
568
|
|||||||||||||||
Total
|
769
|
100.00
|
%
|
9.171
|
%
|
358
|
84.08
|
%
|
631
|
Amortization
Types
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
Interest
Only
|
55
|
9.95
|
%
|
8.591
|
%
|
357
|
81.40
|
%
|
674
|
|||||||||||||
Not
Interest Only
|
1,050
|
229,752,325.03
|
90.05
|
9.326
|
346
|
84.57
|
626
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Seasoning
(months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
0
|
226
|
24.24
|
%
|
9.686
|
%
|
358
|
84.95
|
%
|
632
|
|||||||||||||
1
|
304
|
67,731,884.85
|
26.55
|
9.384
|
348
|
84.86
|
636
|
|||||||||||||||
2
|
263
|
52,722,428.01
|
20.66
|
8.927
|
344
|
81.51
|
634
|
|||||||||||||||
3
|
155
|
39,603,705.10
|
15.52
|
8.904
|
343
|
84.30
|
629
|
|||||||||||||||
4
|
29
|
6,571,148.42
|
2.58
|
9.246
|
331
|
86.11
|
636
|
|||||||||||||||
5
|
29
|
8,090,901.18
|
3.17
|
8.865
|
335
|
88.04
|
621
|
|||||||||||||||
6
|
9
|
2,895,048.50
|
1.13
|
8.768
|
342
|
91.13
|
636
|
|||||||||||||||
7
or More
|
90
|
15,684,413.24
|
6.15
|
9.251
|
334
|
83.93
|
606
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
Original
Prepayment Penalty Terms (in months)
|
Number
of Mortgage Loans
|
Aggregate
Cut-off Date Principal Balance
|
Percentage
of Aggregate Cut-off Date Principal Balance
|
Weighted
Average Gross Coupon
|
Weighted
Average Stated Remaining Term (Months)
|
Weighted
Average Original LTV
|
Weighted
Average FICO
|
|||||||||||||||
No
prepayment penalty
|
382
|
35.38
|
%
|
9.558
|
%
|
344
|
84.85
|
%
|
634
|
|||||||||||||
12
|
11
|
5,202,897.25
|
2.04
|
9.173
|
346
|
84.64
|
658
|
|||||||||||||||
24
|
409
|
91,787,038.39
|
35.97
|
9.222
|
349
|
83.86
|
633
|
|||||||||||||||
36
|
299
|
67,587,340.14
|
26.49
|
8.895
|
349
|
83.94
|
624
|
|||||||||||||||
60
|
4
|
293,340.60
|
0.11
|
9.212
|
182
|
85.66
|
570
|
|||||||||||||||
Total
|
1,105
|
100.00
|
%
|
9.253
|
%
|
347
|
84.25
|
%
|
631
|
·
|
the
subsequent mortgage loan if it is a fixed rate loan, must have a
fixed
mortgage rate of at least 4.50% or, if an ARM loan, a minimum mortgage
rate of at least 4.00%.
|
M1
|
M2
|
M3
|
M4
|
Alt-A
(NINA)
|
Alt-A
(NoDoc)
|
Alt-A
(Full/Stated)
|
Piggybacks
|
|||||||||
Mortgage
History
|
No
30 day lates within last 12 months
|
Unlimited
30 day lates within the last 12 months
|
Unlimited
60 day lates within last 12 months
|
Unlimited
90 day lates within last 12 months
|
No
30 day lates within the last 24 months
|
No
30 day lates within the last 24 months
|
No
30 day lates within the last 24 months
|
No
30 day lates within the last 12 months if first is M Series or within
the
last 24 months if first is Alt-A
|
||||||||
Minimum
FICO
|
520
|
500
|
500
|
520
|
620
|
620
|
620
|
620
Alt-A/600 M1
|
||||||||
Consumer
Credit
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||
Bankruptcy
Filings
|
Chapter
7: 2 years since discharge date (100%, 97%) LTV, or 12 months
discharge
|
Chapter
7: 2 years since discharge date (100%, 97%) LTV, or 12 months
discharge
|
Chapter
7: 1 year since discharge date.
|
Chapter
7: discharged
|
Chapter
7: 4 years since discharge date.
|
Chapter
7: 4 years since discharge date.
|
Chapter
7: 4 years since discharge date.
|
Chapter
7: 2 years since discharge date.
|
||||||||
Chapter
13: >12 months discharge (>90%) discharged at closing <=90% LTV
w/ 0 X 30 BK rating)
|
Chapter
13: >12 months discharge (>90%) discharged at closing <=90% LTV
w/ 0 X 30 BK rating)
|
Chapter
13: Discharged at closing (0 x 30 BK Rating)
|
Chapter
13: discharged at closing (w/ 0 X 30 BK rating)
|
Chapter
13: 4 years since discharge date.
|
Chapter
13: 4 years since discharge date.
|
Chapter
13: 4 years since discharge date.
|
Chapter
13: 2 years since discharge date.
|
|||||||||
Prior
Foreclosure/ NOD
|
24
months
|
24
months
|
24
months
|
12
months
|
48
months
|
48
months
|
48
months
|
24
months
|
M1
|
M2
|
M3
|
M4
|
Alt-A
(NINA)
|
Alt-A
(NoDoc)
|
Alt-A
(Full/Stated)
|
Piggybacks
|
|||||||||
Adverse
Accounts
|
Not
considered unless they effect title
|
Not
considered unless they effect title
|
Not
considered unless they effect title
|
Not
considered unless they effect title
|
Not
considered unless they effect title
|
Not
considered unless they effect title
|
Not
considered unless they effect title
|
Not
considered
unless they effect title
|
||||||||
Debt-to-Income
Ratio
|
50%
(60% at lowered LTV)
|
50%
(60% at lowered LTV)
|
50%
(60% at lowered LTV)
|
55%
|
n/a
|
n/a
|
50%;
45% if 100% LTV
|
50%
|
||||||||
Maximum
Loan-to-Value Ratio
|
100%
(600 score) or 95% (580 score) or 90%
|
100%
(600 score purchase and rate/term only) or 95% (580
score),
|
85%
(560 score)
|
75%
(520 score)
|
100%
(720 score)
|
100%
(720 score)
|
100%
(620 score full doc, 660 score stated); 95% (620 score)
|
100%
CLTV
|
||||||||
Maximum
Combined Loan-to-Value Ratio
|
100%
|
100%
|
90%
|
85%
|
100%
|
100%
|
100%
|
100%
|
30-59
Days (times)
|
Number
of Mortgage Loans
|
Principal
Balance Outstanding as of the Cut-off Date ($)
|
%
of Aggregate Principal Balance Outstanding as of the Cut-off
Date
|
|||||||
0
|
5,834
|
$
|
934,492,828.94
|
99.03
|
%
|
|||||
1
|
41
|
8,965,084.55
|
0.95
|
|||||||
2
|
2
|
149,866.32
|
0.02
|
|||||||
Total
|
5,877
|
$
|
943,607,779.81
|
100.00
|
%
|
60-89
Days (times)
|
Number
of Mortgage Loans
|
Principal
Balance Outstanding as of the Cut-off Date ($)
|
%
of Aggregate Principal Balance Outstanding as of the Cut-off
Date
|
|||||||
0
|
5,846
|
$
|
938,125,575.05
|
99.42
|
%
|
|||||
1
|
29
|
5,252,922.44
|
0.56
|
|||||||
2
|
1
|
122,015.50
|
0.01
|
|||||||
4
|
1
|
107,266.82
|
0.01
|
|||||||
Total
|
5,877
|
$
|
943,607,779.81
|
100.00
|
%
|
90
Plus Days (times)
|
Number
of Mortgage Loans
|
Principal
Balance Outstanding as of the Cut-off Date ($)
|
%
of Aggregate Principal Balance Outstanding as of the Cut-off
Date
|
|||||||
0
|
5,819
|
$
|
934,815,361.37
|
99.07
|
%
|
|||||
1
|
22
|
3,207,188.64
|
0.34
|
|||||||
2
|
24
|
3,866,176.49
|
0.41
|
|||||||
3
|
3
|
806,023.50
|
0.09
|
|||||||
4
|
3
|
388,606.37
|
0.04
|
|||||||
5
|
2
|
217,165.51
|
0.02
|
|||||||
1
|
107,266.82
|
0.01
|
||||||||
9
|
2
|
141,162.36
|
0.01
|
|||||||
1
|
58,828.75
|
0.01
|
||||||||
5,877
|
$
|
943,607,779.81
|
100.00
|
%
|
|
|
Year
ended December 31,
|
|
|||||||||||||
|
|
|
2005
|
|
2004
|
|
2003
|
|
2002
|
|
||||||
Summary
of Operations:
|
|
|
|
(In
thousands of dol
(In thousands of dollars) |
|
|
|
|
|
|||||||
Revenues:
|
||||||||||||||||
Net
premiums written
|
$
|
1,138,644
|
$
|
1,177,862
|
$
|
1,232,791
|
$
|
1,283,006
|
$
|
1,111,284
|
||||||
Net
premiums earned
|
1,116,063
|
1,170,681
|
1,256,141
|
1,284,081
|
1,116,454
|
|||||||||||
Investment
income, net of expenses
|
224,021
|
216,780
|
205,650
|
194,591
|
198,325
|
|||||||||||
Realized
investment gains, net
|
(2,582
|
)
|
15,017
|
16,853
|
34,939
|
27,708
|
||||||||||
Other
revenue (loss)
|
10,548
|
1,794
|
4,984
|
8,505
|
4,171
|
|||||||||||
Total
revenues
|
1,348,050
|
1,404,272
|
1,483,628
|
1,522,116
|
1,346,658
|
|||||||||||
Losses
and expenses:
|
||||||||||||||||
Losses
incurred, net
|
581,761
|
523,535
|
664,228
|
706,337
|
356,146
|
|||||||||||
Underwriting
and other expenses
|
209,815
|
191,485
|
191,723
|
197,281
|
177,969
|
|||||||||||
Total
losses and expenses
|
791,576
|
715,020
|
855,951
|
903,618
|
534,115
|
|||||||||||
Income
before tax and joint ventures
|
556,474
|
689,252
|
627,677
|
618,498
|
812,543
|
|||||||||||
Provision
for income tax
|
143,438
|
190,718
|
173,799
|
162,731
|
241,211
|
|||||||||||
Income
from joint ventures, net of tax
|
169,807
|
147,312
|
120,757
|
64,109
|
53,760
|
|||||||||||
Net
income
|
$
|
582,843
|
$
|
645,846
|
$
|
574,635
|
$
|
519,876
|
$
|
625,092
|
||||||
Balance
sheet data:
|
||||||||||||||||
Total
investments
|
$
|
4,935,881
|
$
|
5,047,475
|
$
|
5,184,296
|
$
|
4,847,418
|
$
|
4,462,147
|
||||||
Total
assets
|
6,194,986
|
6,176,281
|
6,206,340
|
5,736,084
|
5,140,243
|
|||||||||||
Loss
reserves
|
1,125,715
|
1,124,454
|
1,185,594
|
1,061,788
|
733,181
|
|||||||||||
Shareholder's
equity
|
4,651,141
|
4,650,531
|
4,601,784
|
4,211,564
|
3,921,590
|
incipal
Balance (1)
|
Percent
|
Principal
Balance (1)
|
Percent
|
Principal
Balance (1)
|
Percent
|
||||||||||||||
Mortgage
Loan Portfolio
|
$
|
16,236,020
|
|||||||||||||||||
Delinquency
Percentage (2)
|
|||||||||||||||||||
30-59
Days
|
248,940
|
1.53
|
%
|
332,281
|
1.99
|
%
|
101,260
|
0.72
|
%
|
||||||||||
60-89
Days
|
164,933
|
1.02
|
%
|
187,793
|
1.13
|
%
|
71,032
|
0.51
|
%
|
||||||||||
90+
Days
|
699,586
|
4.31
|
%
|
530,216
|
3.18
|
%
|
322,609
|
2.30
|
%
|
||||||||||
Total
|
$
|
1,113,459
|
6.86
|
%
|
6.30
|
%
|
3.53
|
%
|
|||||||||||
Foreclosure
Rate (3)
|
2.87
|
%
|
2.25
|
%
|
1.11
|
%
|
|||||||||||||
REO
|
2.27
|
%
|
1.75
|
%
|
0.71
|
%
|
·
|
issues
securities through special purpose subsidiaries to finance its
non-conforming mortgage loans on a long-term
basis;
|
·
|
manages
the resulting combined portfolio of mortgage loans in its current
structure as a real estate investment trust (a
“REIT”).
|
·
|
the
Class A-1A Certificates, the Class A-2A Certificates, the Class A-2B
Certificates, the Class A-2C Certificates and the Class A-2D Certificates
(collectively, the “Class A Certificates”);
|
·
|
the
Class M-1 Certificates, the Class M-2 Certificates, the Class M-3
Certificates, the Class M-4 Certificates, the Class M-5 Certificates,
the
Class M-6 Certificates, the Class M-7 Certificates, the Class M-8
Certificates, the Class M-9 Certificates and the Class M-10 Certificates
(collectively, the “Mezzanine Certificates” or the “Class M
Certificates”);
|
·
|
collections
in respect of principal and interest of the mortgage loans received
after
the cut-off date (other than payments due on or before the cut-off
date);
|
·
|
the
amounts on deposit in the collection account, including the payment
account in which amounts are deposited prior to payment to the
certificateholders;
|
·
|
the
mortgage insurance policies and certain other insurance policies
maintained by the mortgagors or by or on behalf of the servicer or
any
subservicer;
|
·
|
amounts
on deposit in the pre-funding account and the interest coverage account,
if any (which accounts are not part of any
REMIC);
|
·
|
the
aggregate amount of scheduled payments on the mortgage loans due
on the
prior due date and received on or prior to the determination
date;
|
·
|
miscellaneous
fees and collections, including assumption fees and prepayment penalties,
but excluding late fees;
|
·
|
any
unscheduled payments and receipts, including mortgagor prepayments
on the
mortgage loans, received during the prior prepayment period and proceeds
of repurchases, and adjustments in the case of substitutions and
terminations, net liquidation proceeds, insurance proceeds and proceeds
from any mortgage insurance policy and subsequent
recoveries;
|
·
|
on
the distribution date which follows the termination of the pre-funding
period, the remaining amount on deposit in the pre-funding account
at that
time;
|
·
|
on
the distribution date on which the issuing entity is to be terminated,
the
related termination price.
|
Class
|
LIBOR
Rate
|
|
Class
A-1A Certificates
|
LIBOR
plus 0.20000%
|
|
Class
A-2A Certificates
|
LIBOR
plus 0.09000%
|
|
Class
A-2B Certificates
|
LIBOR
plus 0.16000%
|
|
Class
A-2C Certificates
|
LIBOR
plus 0.18000%
|
|
Class
A-2D Certificates
|
LIBOR
plus 0.27000%
|
|
Class
M-1 Certificates
|
LIBOR
plus 0.30000%
|
|
Class
M-2 Certificates
|
LIBOR
plus 0.32000%
|
|
Class
M-3 Certificates
|
LIBOR
plus 0.34000%
|
|
Class
M-4 Certificates
|
LIBOR
plus 0.50000%
|
|
Class
M-5 Certificates
|
LIBOR
plus 0.68000%
|
|
Class
M-6 Certificates
|
LIBOR
plus 0.95000%
|
|
Class
M-7 Certificates
|
LIBOR
plus 1.75000%
|
|
Class
M-8 Certificates
|
LIBOR
plus 2.50000%
|
|
Class
M-9 Certificates
|
LIBOR
plus 2.50000%
|
|
Class
M-10 Certificates
|
LIBOR
plus 2.50000%
|
Class
|
LIBOR
Rate After Step Up
|
|
Class
A-1A Certificates
|
LIBOR
plus 0.40000%
|
|
Class
A-2A Certificates
|
LIBOR
plus 0.18000%
|
|
Class
A-2B Certificates
|
LIBOR
plus 0.32000%
|
|
Class
A-2C Certificates
|
LIBOR
plus 0.36000%
|
|
Class
A-2D Certificates
|
LIBOR
plus 0.54000%
|
|
Class
M-1 Certificates
|
LIBOR
plus 0.45000%
|
|
Class
M-2 Certificates
|
LIBOR
plus 0.48000%
|
|
Class
M-3 Certificates
|
LIBOR
plus 0.51000%
|
|
Class
M-4 Certificates
|
LIBOR
plus 0.75000%
|
|
Class
M-5 Certificates
|
LIBOR
plus 1.02000%
|
|
Class
M-6 Certificates
|
LIBOR
plus 1.42500%
|
|
Class
M-7 Certificates
|
LIBOR
plus 2.62500%
|
|
Class
M-8 Certificates
|
LIBOR
plus 3.75000%
|
|
Class
M-9 Certificates
|
LIBOR
plus 3.75000%
|
|
Class
M-10 Certificates
|
LIBOR
plus 3.75000%
|
Hedge
Provider
|
|
Notional
Amount ($)
|
|
Fixed
Rate
|
|
Maturity
Date
|
||||
Wachovia
|
80,000,000
|
4.9200
|
%
|
March
2009
|
||||||
Deutsche
Bank
|
20,000,000
|
4.8680
|
%
|
March
2010
|
Hedge
Provider
|
|
Notional
Amount ($)
|
|
Fixed
Rate
|
|
Strike
Rate
|
|
Maturity
Date
|
|||||
Wachovia
|
160,000,000
|
0.1260
|
%
|
5.3000
|
%
|
July
2008
|
|||||||
Wachovia
|
80,000,000
|
0.1560
|
%
|
5.2500
|
%
|
August
2008
|
|||||||
Wachovia
|
80,000,000
|
0.1710
|
%
|
5.2000
|
%
|
November
2008
|
|||||||
RBS
|
80,000,000
|
0.1990
|
%
|
5.3000
|
%
|
February
2009
|
|||||||
RBS
|
40,000,000
|
0.2300
|
%
|
5.2000
|
%
|
July
2009
|
|||||||
RBS
|
40,000,000
|
0.2250
|
%
|
5.3500
|
%
|
August
2009
|
|||||||
Wachovia
|
40,000,000
|
0.2290
|
%
|
5.2000
|
%
|
August
2009
|
|||||||
RBS
|
40,000,000
|
0.2700
|
%
|
5.1000
|
%
|
November
2009
|
|||||||
RBS
|
40,000,000
|
0.2650
|
%
|
5.1000
|
%
|
November
2009
|
|||||||
RBS
|
20,000,000
|
0.2500
|
%
|
5.2000
|
%
|
January
2010
|
|||||||
Deutsche
Bank
|
20,000,000
|
0.2860
|
%
|
5.2500
|
%
|
February
2010
|
|||||||
Deutsche
Bank
|
40,000,000
|
0.2590
|
%
|
5.3500
|
%
|
February
2010
|
|||||||
RBS
|
20,000,000
|
0.3000
|
%
|
5.1000
|
%
|
May
2010
|
|||||||
Deutsche
Bank
|
40,000,000
|
0.2950
|
%
|
5.1000
|
%
|
May
2010
|
Distribution
Date Occurring In:
|
Percentage
|
|
June
2009
|
1.60%
|
|
July
2009
|
1.76%
|
|
August
2009
|
1.93%
|
|
September
2009
|
2.09%
|
|
October
2009
|
2.25%
|
|
November
2009
|
2.41%
|
|
December
2009
|
2.58%
|
|
January
2010
|
2.74%
|
|
February
2010
|
2.90%
|
|
March
2010
|
3.06%
|
|
April
2010
|
3.23%
|
|
May
2010
|
3.39%
|
|
June
2010
|
3.55%
|
|
July
2010
|
3.73%
|
|
August
2010
|
3.90%
|
|
September
2010
|
4.08%
|
|
October
2010
|
4.25%
|
|
November
2010
|
4.43%
|
|
December
2010
|
4.60%
|
|
January
2011
|
4.78%
|
|
February
2011
|
4.95%
|
|
March
2011
|
5.13%
|
|
April
2011
|
5.30%
|
|
May
2011
|
5.48%
|
|
June
2011
|
5.65%
|
|
July
2011
|
5.79%
|
|
August
2011
|
5.93%
|
|
September
2011
|
6.06%
|
|
October
2011
|
6.20%
|
|
November
2011
|
6.34%
|
|
December
2011
|
6.48%
|
|
January
2012
|
6.61%
|
|
February
2012
|
6.75%
|
|
March
2012
|
6.89%
|
|
April
2012
|
7.03%
|
|
May
2012
|
7.16%
|
|
June
2012
|
7.30%
|
Distribution
Date Occurring In:
|
Percentage
|
|
July
2012
|
7.38%
|
|
August
2012
|
7.47%
|
|
September
2012
|
7.55%
|
|
October
2012
|
7.63%
|
|
November
2012
|
7.72%
|
|
December
2012
|
7.80%
|
|
January
2013
|
7.88%
|
|
February
2013
|
7.97%
|
|
March
2013
|
8.05%
|
|
April
2013
|
8.13%
|
|
May
2013
|
8.22%
|
|
June
2013 and thereafter
|
8.30%
|
Fee
|
General
Purpose of the Fee
|
Party
Receiving the Fee
|
Amount
or Calculation of Fee
|
|||
Servicing
Fee(1)
|
performance
of the servicer’s duties under the pooling and servicing
agreement
|
NovaStar
Mortgage, Inc.
|
on
each distribution date 1/12 of 0.50% per annum times the aggregate
principal balance of the mortgage loans as of such
date.
|
|||
Trustee
Fee(1)
|
performance
of the trustee’s duties under the pooling and servicing
agreement
|
Deutsche
Bank National Trust Company
|
on
each distribution date 1/12 of 0.0025% times the sum of (a) the aggregate
principal balance of the mortgage loans and (b) any amounts in the
pre-funding account as of such date as well as any due and unpaid
fees.
|
|||
Custodian
Fee(1)
|
performance
of the custodian’s duties under the pooling and servicing
agreement
|
U.S.
Bank National Association
|
set
up fee of $1.50 per mortgage loan and $0.20 per loan per month
thereafter.
|
|||
Hedge
Provider Fees(2)
|
performance
of the Hedge Providers’ duties under the hedge agreements
|
Deutsche
Bank AG, The Royal Bank of Scotland plc and Wachovia Bank,
N.A.
|
see
the schedule under the heading “Description
of the Certificates — Summary of Interest Rate Hedge Agreements”
herein.
|
|||
Lender-Paid
Mortgage Insurance(1)
|
in
consideration of providing mortgage insurance
|
Mortgage
Guaranty Insurance Corp.
PMI
Mortgage Insurance Co.
Radian
Guaranty, Inc.
|
ranges
from 0.310% to 2.595% annually on those loans with lender-paid mortgage
insurance.(3)
|
|||
Back-up
Servicing Fee(1)
|
performance
of the servicer’s duties under the pooling and servicing agreement only if
the servicer is removed
|
Countrywide
Home Loans Servicing LP
|
on
each distribution date, from the first distribution date and thereafter,
1/12 of 0.01% per annum times the aggregate principal balance of
the
mortgage loans as of such date.
|
Group
I Mortgage Loans
|
Initial/
Prefunding
|
|
Loan
Type
|
|
Principal
Balance ($)
|
|
Initial
Gross Mortgage Rate (%)
|
|
Net
Mortgage Rate (%)
|
|
Original
Term to Maturity (Months)
|
|
Original
Amortization Term (Months)
|
|
Remaining
Term to Maturity (Months)
|
|
Original
Interest Only Term (Months)
|
|
Gross
Margin (%)
|
|
Months
to Next Rate Adjustment Date
|
|
Initial
Periodic Rate Cap (%)
|
|
Periodic
Rate Cap (%)
|
|
Maximum
Mortgage Rate (%)
|
|
Minimum
Mortgage Rate (%)
|
|
Index
|
|
Rate
Adjustment Frequency (Months)
|
INITIAL
|
2/28
6 Month LIBOR ARM
|
179,846.75
|
10.20000
|
9.68000
|
360
|
360
|
358
|
N/A
|
7.00000
|
22
|
3.00000
|
1.00000
|
17.20000
|
10.20000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
4,170,128.22
|
9.88584
|
9.17960
|
360
|
360
|
358
|
N/A
|
6.27897
|
22
|
|
3.00000
|
1.00000
|
16.88584
|
9.88584
|
6MOLIBOR
|
6
|
|||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
209,086.34
|
9.09202
|
8.57202
|
360
|
360
|
359
|
N/A
|
5.71933
|
23
|
3.00000
|
1.00000
|
16.09202
|
9.09202
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
1,173,721.15
|
9.84335
|
8.73368
|
360
|
360
|
358
|
N/A
|
6.57721
|
22
|
3.00000
|
1.00000
|
16.84335
|
9.84335
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
131,309.12
|
7.85000
|
7.33000
|
360
|
360
|
359
|
N/A
|
4.85000
|
23
|
3.00000
|
1.00000
|
14.85000
|
7.85000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
80,234,765.45
|
9.70322
|
8.99436
|
360
|
360
|
358
|
N/A
|
6.00857
|
22
|
3.00000
|
1.00000
|
16.69669
|
9.70322
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
13,597,637.49
|
8.99147
|
7.98390
|
360
|
360
|
358
|
N/A
|
5.44354
|
22
|
3.00000
|
1.00000
|
15.98597
|
8.99147
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
1,837,944.81
|
9.39477
|
8.23016
|
360
|
360
|
355
|
N/A
|
6.76036
|
19
|
3.00000
|
1.00000
|
15.91716
|
9.39477
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
505,521.93
|
8.57245
|
7.30258
|
360
|
360
|
354
|
N/A
|
5.98321
|
18
|
3.00000
|
1.00000
|
14.69024
|
8.57245
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
74,890,304.81
|
9.38497
|
8.65789
|
360
|
360
|
358
|
N/A
|
6.22067
|
22
|
3.00000
|
1.00000
|
16.37559
|
9.36359
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
9,073,129.91
|
8.72479
|
8.11380
|
360
|
360
|
358
|
N/A
|
5.75557
|
22
|
3.00000
|
1.00000
|
15.75050
|
8.72479
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
40,793,074.75
|
9.36463
|
8.77402
|
360
|
360
|
358
|
N/A
|
6.29060
|
22
|
3.00000
|
1.00000
|
16.35766
|
9.36463
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
3,766,500.31
|
9.01501
|
8.49501
|
360
|
360
|
359
|
N/A
|
5.70270
|
23
|
3.00000
|
1.00000
|
16.01501
|
9.01501
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
4,203,420.00
|
9.10940
|
7.92079
|
360
|
360
|
358
|
60
|
5.42614
|
22
|
3.00000
|
1.00000
|
16.10940
|
9.10940
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
2,368,898.00
|
9.23886
|
8.31841
|
360
|
360
|
359
|
60
|
5.09601
|
23
|
3.00000
|
1.00000
|
16.23886
|
9.23886
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
229,500.00
|
9.60000
|
9.08000
|
360
|
360
|
355
|
60
|
6.55000
|
19
|
3.00000
|
1.00000
|
16.60000
|
9.60000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
3,061,185.93
|
8.24605
|
7.61256
|
360
|
360
|
358
|
60
|
5.51794
|
22
|
3.00000
|
1.00000
|
15.24605
|
8.24605
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
2,868,946.25
|
8.27205
|
6.92887
|
360
|
360
|
359
|
60
|
5.28964
|
23
|
3.00000
|
1.00000
|
15.27205
|
8.27205
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
1,381,850.00
|
9.24781
|
8.31374
|
360
|
360
|
359
|
60
|
6.08791
|
23
|
3.00000
|
1.00000
|
16.24781
|
9.24781
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
541,100.00
|
8.07672
|
7.55672
|
360
|
360
|
358
|
60
|
5.23849
|
22
|
3.00000
|
1.00000
|
15.07672
|
8.07672
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
1,324,037.82
|
9.91733
|
9.39733
|
360
|
480
|
358
|
N/A
|
6.46202
|
22
|
3.00000
|
1.00000
|
16.91733
|
9.91733
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
431,235.76
|
9.65201
|
9.13201
|
360
|
480
|
358
|
N/A
|
6.60022
|
22
|
3.00000
|
1.00000
|
16.65201
|
9.65201
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
41,773,861.20
|
9.31080
|
8.69231
|
360
|
480
|
358
|
N/A
|
5.90042
|
22
|
3.00000
|
1.00000
|
16.31080
|
9.31080
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
5,883,967.49
|
8.89272
|
8.19957
|
360
|
480
|
359
|
N/A
|
5.26200
|
23
|
3.00000
|
1.00000
|
15.89272
|
8.89272
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
424,097.29
|
9.82427
|
6.82020
|
360
|
480
|
357
|
N/A
|
6.67543
|
21
|
3.00000
|
1.00000
|
16.82427
|
9.82427
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
39,276,663.84
|
9.11991
|
8.49795
|
360
|
480
|
359
|
N/A
|
6.05501
|
23
|
3.00000
|
1.00000
|
16.11991
|
9.11991
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
7,559,550.17
|
8.42872
|
7.90872
|
360
|
480
|
359
|
N/A
|
5.31067
|
23
|
3.00000
|
1.00000
|
15.42872
|
8.42872
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
29,111,124.88
|
8.90201
|
8.29692
|
360
|
480
|
359
|
N/A
|
6.16895
|
23
|
3.00000
|
1.00000
|
15.89737
|
8.90201
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
4,257,053.91
|
8.11795
|
7.59795
|
360
|
480
|
359
|
N/A
|
5.51640
|
23
|
3.00000
|
1.00000
|
15.11795
|
8.11795
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
67,345.39
|
9.30000
|
8.78000
|
360
|
360
|
357
|
N/A
|
6.30000
|
33
|
3.00000
|
1.00000
|
16.30000
|
9.30000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
72,602.47
|
9.45000
|
8.93000
|
360
|
360
|
358
|
N/A
|
6.00000
|
34
|
3.00000
|
1.00000
|
16.45000
|
9.45000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
2,385,006.85
|
9.22889
|
7.87078
|
360
|
360
|
355
|
N/A
|
6.35886
|
31
|
3.00000
|
1.00000
|
16.22889
|
9.22889
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
666,446.46
|
8.87324
|
8.35324
|
360
|
360
|
356
|
N/A
|
5.39068
|
32
|
3.00000
|
1.00000
|
15.87324
|
8.87324
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
348,463.43
|
8.87222
|
6.84692
|
360
|
360
|
354
|
N/A
|
6.55726
|
30
|
3.00000
|
1.00000
|
15.75769
|
8.87222
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
104,742.79
|
10.50000
|
8.05000
|
360
|
360
|
355
|
N/A
|
5.00000
|
31
|
3.00000
|
1.00000
|
17.50000
|
10.50000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
488,997.26
|
8.31963
|
7.34816
|
360
|
360
|
357
|
N/A
|
6.51964
|
33
|
3.00000
|
1.00000
|
15.31963
|
8.31963
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
129,425.00
|
6.99000
|
6.47000
|
360
|
360
|
360
|
N/A
|
4.30000
|
36
|
3.00000
|
1.00000
|
13.99000
|
6.99000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
12,038,166.45
|
8.53308
|
7.71048
|
360
|
360
|
357
|
N/A
|
6.23957
|
33
|
3.00000
|
1.00000
|
15.45032
|
8.53308
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
480,406.47
|
8.00360
|
7.06315
|
360
|
360
|
357
|
N/A
|
6.22341
|
33
|
3.00000
|
1.00000
|
14.50895
|
8.00360
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM IO
|
516,200.00
|
8.46412
|
7.94412
|
360
|
360
|
359
|
60
|
6.37201
|
35
|
3.00000
|
1.00000
|
15.46412
|
8.46412
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM IO
|
206,450.00
|
8.37500
|
6.15500
|
360
|
360
|
354
|
60
|
6.37500
|
30
|
3.00000
|
1.00000
|
15.37500
|
8.37500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM IO
|
993,161.00
|
8.17289
|
7.65289
|
360
|
360
|
358
|
60
|
6.41471
|
34
|
3.00000
|
1.00000
|
15.17289
|
8.17289
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
ARM 30/40 Balloon
|
142,434.88
|
8.99000
|
8.47000
|
360
|
480
|
358
|
N/A
|
6.35000
|
34
|
3.00000
|
1.00000
|
15.99000
|
8.99000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
ARM 30/40 Balloon
|
746,493.08
|
9.20968
|
8.68968
|
360
|
480
|
357
|
N/A
|
6.05704
|
33
|
3.00000
|
1.00000
|
16.20968
|
9.20968
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
ARM 30/40 Balloon
|
135,504.77
|
7.30000
|
6.78000
|
360
|
480
|
358
|
N/A
|
4.45000
|
34
|
3.00000
|
1.00000
|
14.30000
|
7.30000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
ARM 30/40 Balloon
|
1,005,106.14
|
9.24379
|
8.72379
|
360
|
480
|
359
|
N/A
|
6.25084
|
35
|
3.00000
|
1.00000
|
16.24379
|
9.24379
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
ARM 30/40 Balloon
|
466,811.41
|
7.90018
|
6.30478
|
360
|
480
|
359
|
N/A
|
5.15389
|
35
|
3.00000
|
1.00000
|
14.90018
|
7.90018
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM
|
182,750.00
|
9.10000
|
8.58000
|
360
|
360
|
360
|
N/A
|
5.05000
|
60
|
3.00000
|
1.00000
|
16.10000
|
9.10000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM
|
425,508.35
|
10.28122
|
9.76122
|
360
|
360
|
358
|
N/A
|
5.70228
|
58
|
3.00000
|
1.00000
|
17.28122
|
10.28122
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM
|
118,000.00
|
6.37500
|
4.27500
|
360
|
360
|
355
|
N/A
|
4.37500
|
55
|
3.00000
|
1.00000
|
13.37500
|
6.37500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM
|
95,571.64
|
6.87500
|
4.77500
|
360
|
360
|
355
|
N/A
|
4.87500
|
55
|
3.00000
|
1.00000
|
13.87500
|
6.87500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM
|
491,847.73
|
7.45506
|
6.93506
|
360
|
360
|
357
|
N/A
|
4.61051
|
57
|
3.00000
|
1.00000
|
14.45506
|
7.45506
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM IO
|
87,163.52
|
10.62500
|
10.10500
|
360
|
360
|
357
|
120
|
5.55000
|
57
|
3.00000
|
1.00000
|
17.62500
|
10.62500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM IO
|
372,000.00
|
7.87495
|
7.35495
|
360
|
360
|
359
|
120
|
5.04301
|
59
|
3.00000
|
1.00000
|
14.87495
|
7.87495
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
ARM 30/40 Balloon
|
300,057.23
|
8.65000
|
8.13000
|
360
|
480
|
358
|
N/A
|
4.95000
|
58
|
3.00000
|
1.00000
|
15.65000
|
8.65000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
ARM 30/40 Balloon
|
156,434.86
|
9.10000
|
8.58000
|
360
|
480
|
358
|
N/A
|
6.25000
|
58
|
3.00000
|
1.00000
|
16.10000
|
9.10000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
ARM 30/40 Balloon
|
120,000.00
|
8.99000
|
8.47000
|
360
|
480
|
360
|
N/A
|
5.95000
|
60
|
3.00000
|
1.00000
|
15.99000
|
8.99000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
7/23
6 Month LIBOR ARM
|
346,353.57
|
6.62500
|
4.52500
|
360
|
360
|
355
|
N/A
|
4.62500
|
79
|
5.00000
|
2.00000
|
11.62500
|
6.62500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
815,688.35
|
9.06146
|
8.19771
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
273,375.00
|
8.29428
|
7.77428
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
118,959.39
|
11.20000
|
10.68000
|
180
|
360
|
179
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
9,414,976.31
|
9.31059
|
8.79059
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
3,587,972.02
|
8.16291
|
7.51223
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
353,092.80
|
8.84400
|
7.96184
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
206,665.49
|
7.62500
|
5.83500
|
180
|
360
|
175
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
167,978.89
|
10.75000
|
10.23000
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Group
I Mortgage Loans
|
Initial/
Prefunding
|
|
Loan
Type
|
|
Principal
Balance ($)
|
|
Initial
Gross Mortgage Rate (%)
|
|
Net
Mortgage Rate (%)
|
|
Original
Term to Maturity (Months)
|
|
Original
Amortization Term (Months)
|
|
Remaining
Term to Maturity (Months)
|
|
Original
Interest Only Term (Months)
|
|
Gross
Margin (%)
|
|
Months
to Next Rate Adjustment Date
|
|
Initial
Periodic Rate Cap (%)
|
|
Periodic
Rate Cap (%)
|
|
Maximum
Mortgage Rate (%)
|
|
Minimum
Mortgage Rate (%)
|
|
Index
|
|
Rate
Adjustment Frequency (Months)
|
INITIAL
|
Fixed
Rate Balloon
|
655,329.45
|
8.40642
|
7.88642
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
21,582,293.87
|
8.88805
|
8.29280
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
5,019,284.47
|
8.11608
|
7.51458
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
750,009.92
|
9.11669
|
8.05288
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
72,685.34
|
8.60000
|
8.08000
|
240
|
240
|
239
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
77,891.75
|
7.85000
|
7.33000
|
360
|
360
|
358
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
4,827,224.18
|
9.19774
|
8.55670
|
360
|
360
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
992,788.13
|
9.02606
|
8.50606
|
360
|
360
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
585,938.51
|
7.32679
|
6.80679
|
120
|
120
|
119
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
5,443,053.30
|
8.68957
|
7.90835
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
1,514,315.74
|
8.06349
|
7.32023
|
180
|
180
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
3,841,286.61
|
8.69939
|
7.80953
|
240
|
240
|
238
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
774,342.20
|
7.85890
|
6.67808
|
240
|
240
|
236
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
57,345,231.30
|
9.16892
|
8.46919
|
360
|
360
|
358
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
13,316,588.88
|
7.93689
|
7.04371
|
360
|
360
|
358
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
248,372.63
|
5.87500
|
4.08500
|
120
|
120
|
114
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
682,403.83
|
8.13726
|
7.52646
|
120
|
120
|
119
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
517,273.87
|
6.59960
|
5.72243
|
120
|
120
|
115
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
46,228.39
|
7.00000
|
6.48000
|
180
|
180
|
175
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
8,120,317.31
|
8.17682
|
7.58855
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
2,969,462.98
|
7.16428
|
6.30818
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
5,196,895.60
|
9.01059
|
8.29947
|
240
|
240
|
238
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
1,636,226.42
|
7.81280
|
6.71648
|
240
|
240
|
236
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
281,444.77
|
10.53529
|
9.34957
|
360
|
360
|
353
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
479,284.75
|
7.65597
|
7.13597
|
360
|
360
|
355
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
3,423,938.17
|
9.36363
|
8.70697
|
360
|
360
|
357
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
844,430.51
|
8.71232
|
7.88801
|
360
|
360
|
357
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
92,143,156.31
|
8.53826
|
7.73878
|
360
|
360
|
358
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
27,876,145.33
|
7.64308
|
6.60658
|
360
|
360
|
357
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate IO
|
257,375.00
|
8.38966
|
7.86966
|
360
|
360
|
358
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate IO
|
493,200.00
|
8.61989
|
8.09989
|
360
|
360
|
359
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate IO
|
518,309.50
|
8.16373
|
7.64373
|
360
|
360
|
359
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
94,538.81
|
11.48777
|
10.96777
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
3,026,282.88
|
12.17806
|
11.65806
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,035,930.74
|
11.11387
|
10.59387
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
79,775.89
|
11.18758
|
10.66758
|
180
|
360
|
173
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
378,678.83
|
12.02888
|
11.50888
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
441,400.86
|
10.96647
|
10.44647
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,081,773.64
|
11.60807
|
11.08807
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
572,978.12
|
10.38197
|
9.86197
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
35,782.67
|
12.05000
|
11.53000
|
180
|
180
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
107,771.97
|
11.29676
|
10.77676
|
120
|
120
|
119
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
77,025.80
|
9.44456
|
8.92456
|
120
|
120
|
116
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
591,276.85
|
12.23728
|
11.71728
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
398,991.82
|
10.35578
|
9.83578
|
180
|
180
|
176
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
301,509.14
|
12.35101
|
11.83101
|
240
|
240
|
235
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
446,157.34
|
8.84678
|
8.32678
|
240
|
240
|
234
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
769,797.80
|
11.24364
|
10.72364
|
360
|
360
|
357
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
259,531.26
|
10.36468
|
9.84468
|
360
|
360
|
356
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
39,627.50
|
10.90000
|
10.38000
|
120
|
120
|
118
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
68,149.57
|
10.54072
|
10.02072
|
120
|
120
|
118
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
50,625.97
|
12.50710
|
11.98710
|
180
|
180
|
179
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
608,421.02
|
10.50268
|
9.98268
|
180
|
180
|
176
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
165,772.19
|
9.11587
|
8.59587
|
180
|
180
|
174
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
128,034.28
|
10.80338
|
10.28338
|
240
|
240
|
234
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
39,619.15
|
8.75000
|
8.23000
|
240
|
240
|
235
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
500,620.90
|
10.78811
|
10.26811
|
240
|
240
|
235
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
341,372.72
|
10.25523
|
9.73523
|
240
|
240
|
236
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
88,496.65
|
9.71101
|
9.19101
|
360
|
360
|
354
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
314,859.34
|
7.77378
|
7.25378
|
360
|
360
|
355
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
86,985.99
|
10.20000
|
9.68000
|
360
|
360
|
360
|
N/A
|
7.00000
|
24
|
3.00000
|
1.00000
|
17.20000
|
10.20000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
2,016,954.59
|
9.88584
|
9.17960
|
360
|
360
|
360
|
N/A
|
6.27897
|
24
|
3.00000
|
1.00000
|
16.88584
|
9.88584
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
101,128.22
|
9.09202
|
8.57202
|
360
|
360
|
360
|
N/A
|
5.71933
|
24
|
3.00000
|
1.00000
|
16.09202
|
9.09202
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
567,690.54
|
9.84335
|
8.73368
|
360
|
360
|
360
|
N/A
|
6.57721
|
24
|
3.00000
|
1.00000
|
16.84335
|
9.84335
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
63,509.93
|
7.85000
|
7.33000
|
360
|
360
|
360
|
N/A
|
4.85000
|
24
|
3.00000
|
1.00000
|
14.85000
|
7.85000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
38,806,931.77
|
9.70322
|
8.99436
|
360
|
360
|
360
|
N/A
|
6.00857
|
24
|
3.00000
|
1.00000
|
16.69669
|
9.70322
|
6MOLIBOR
|
6
|
Group
I Mortgage Loans
|
Initial/
Prefunding
|
|
Loan
Type
|
|
Principal
Balance ($)
|
|
Initial
Gross Mortgage Rate (%)
|
|
Net
Mortgage Rate (%)
|
|
Original
Term to Maturity (Months)
|
|
Original
Amortization Term (Months)
|
|
Remaining
Term to Maturity (Months)
|
|
Original
Interest Only Term (Months)
|
|
Gross
Margin (%)
|
|
Months
to Next Rate Adjustment Date
|
|
Initial
Periodic Rate Cap (%)
|
|
Periodic
Rate Cap (%)
|
|
Maximum
Mortgage Rate (%)
|
|
Minimum
Mortgage Rate (%)
|
|
Index
|
|
Rate
Adjustment Frequency (Months)
|
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
6,576,732.52
|
8.99147
|
7.98390
|
360
|
360
|
360
|
N/A
|
5.44354
|
24
|
3.00000
|
1.00000
|
15.98597
|
8.99147
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
888,953.80
|
9.39477
|
8.23016
|
360
|
360
|
360
|
N/A
|
6.76036
|
24
|
3.00000
|
1.00000
|
15.91716
|
9.39477
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
244,504.42
|
8.57245
|
7.30258
|
360
|
360
|
360
|
N/A
|
5.98321
|
24
|
3.00000
|
1.00000
|
14.69024
|
8.57245
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
36,221,991.10
|
9.38497
|
8.65789
|
360
|
360
|
360
|
N/A
|
6.22067
|
24
|
3.00000
|
1.00000
|
16.37559
|
9.36359
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
4,388,376.16
|
8.72479
|
8.11380
|
360
|
360
|
360
|
N/A
|
5.75557
|
24
|
3.00000
|
1.00000
|
15.75050
|
8.72479
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
19,730,275.99
|
9.36463
|
8.77402
|
360
|
360
|
360
|
N/A
|
6.29060
|
24
|
3.00000
|
1.00000
|
16.35766
|
9.36463
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
1,821,733.00
|
9.01501
|
8.49501
|
360
|
360
|
360
|
N/A
|
5.70270
|
24
|
3.00000
|
1.00000
|
16.01501
|
9.01501
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
2,033,056.76
|
9.10940
|
7.92079
|
360
|
360
|
360
|
60
|
5.42614
|
24
|
3.00000
|
1.00000
|
16.10940
|
9.10940
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
1,145,758.48
|
9.23886
|
8.31841
|
360
|
360
|
360
|
60
|
5.09601
|
24
|
3.00000
|
1.00000
|
16.23886
|
9.23886
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
111,001.64
|
9.60000
|
9.08000
|
360
|
360
|
360
|
60
|
6.55000
|
24
|
3.00000
|
1.00000
|
16.60000
|
9.60000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
1,480,595.49
|
8.24605
|
7.61256
|
360
|
360
|
360
|
60
|
5.51794
|
24
|
3.00000
|
1.00000
|
15.24605
|
8.24605
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
1,387,615.45
|
8.27205
|
6.92887
|
360
|
360
|
360
|
60
|
5.28964
|
24
|
3.00000
|
1.00000
|
15.27205
|
8.27205
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
668,355.65
|
9.24781
|
8.31374
|
360
|
360
|
360
|
60
|
6.08791
|
24
|
3.00000
|
1.00000
|
16.24781
|
9.24781
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
261,712.36
|
8.07672
|
7.55672
|
360
|
360
|
360
|
60
|
5.23849
|
24
|
3.00000
|
1.00000
|
15.07672
|
8.07672
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
640,393.78
|
9.91733
|
9.39733
|
360
|
480
|
360
|
N/A
|
6.46202
|
24
|
3.00000
|
1.00000
|
16.91733
|
9.91733
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
208,574.64
|
9.65201
|
9.13201
|
360
|
480
|
360
|
N/A
|
6.60022
|
24
|
3.00000
|
1.00000
|
16.65201
|
9.65201
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
20,204,650.32
|
9.31080
|
8.69231
|
360
|
480
|
360
|
N/A
|
5.90042
|
24
|
3.00000
|
1.00000
|
16.31080
|
9.31080
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
2,845,882.63
|
8.89272
|
8.19957
|
360
|
480
|
360
|
N/A
|
5.26200
|
24
|
3.00000
|
1.00000
|
15.89272
|
8.89272
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
205,121.99
|
9.82427
|
6.82020
|
360
|
480
|
360
|
N/A
|
6.67543
|
24
|
3.00000
|
1.00000
|
16.82427
|
9.82427
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
18,996,837.70
|
9.11991
|
8.49795
|
360
|
480
|
360
|
N/A
|
6.05501
|
24
|
3.00000
|
1.00000
|
16.11991
|
9.11991
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
3,656,307.15
|
8.42872
|
7.90872
|
360
|
480
|
360
|
N/A
|
5.31067
|
24
|
3.00000
|
1.00000
|
15.42872
|
8.42872
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
14,080,098.94
|
8.90201
|
8.29692
|
360
|
480
|
360
|
N/A
|
6.16895
|
24
|
3.00000
|
1.00000
|
15.89737
|
8.90201
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
2,058,997.74
|
8.11795
|
7.59795
|
360
|
480
|
360
|
N/A
|
5.51640
|
24
|
3.00000
|
1.00000
|
15.11795
|
8.11795
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
32,572.76
|
9.30000
|
8.78000
|
360
|
360
|
360
|
N/A
|
6.30000
|
36
|
3.00000
|
1.00000
|
16.30000
|
9.30000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
35,115.44
|
9.45000
|
8.93000
|
360
|
360
|
360
|
N/A
|
6.00000
|
36
|
3.00000
|
1.00000
|
16.45000
|
9.45000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
1,153,549.80
|
9.22889
|
7.87078
|
360
|
360
|
360
|
N/A
|
6.35886
|
36
|
3.00000
|
1.00000
|
16.22889
|
9.22889
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
322,338.36
|
8.87324
|
8.35324
|
360
|
360
|
360
|
N/A
|
5.39068
|
36
|
3.00000
|
1.00000
|
15.87324
|
8.87324
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
168,540.36
|
8.87222
|
6.84692
|
360
|
360
|
360
|
N/A
|
6.55726
|
36
|
3.00000
|
1.00000
|
15.75769
|
8.87222
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
50,660.66
|
10.50000
|
8.05000
|
360
|
360
|
360
|
N/A
|
5.00000
|
36
|
3.00000
|
1.00000
|
17.50000
|
10.50000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
236,511.98
|
8.31963
|
7.34816
|
360
|
360
|
360
|
N/A
|
6.51964
|
36
|
3.00000
|
1.00000
|
15.31963
|
8.31963
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
62,598.64
|
6.99000
|
6.47000
|
360
|
360
|
360
|
N/A
|
4.30000
|
36
|
3.00000
|
1.00000
|
13.99000
|
6.99000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
5,822,467.33
|
8.53308
|
7.71048
|
360
|
360
|
360
|
N/A
|
6.23957
|
36
|
3.00000
|
1.00000
|
15.45032
|
8.53308
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
232,356.89
|
8.00360
|
7.06315
|
360
|
360
|
360
|
N/A
|
6.22341
|
36
|
3.00000
|
1.00000
|
14.50895
|
8.00360
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM IO
|
249,669.05
|
8.46412
|
7.94412
|
360
|
360
|
360
|
60
|
6.37201
|
36
|
3.00000
|
1.00000
|
15.46412
|
8.46412
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM IO
|
99,853.11
|
8.37500
|
6.15500
|
360
|
360
|
360
|
60
|
6.37500
|
36
|
3.00000
|
1.00000
|
15.37500
|
8.37500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM IO
|
480,359.50
|
8.17289
|
7.65289
|
360
|
360
|
360
|
60
|
6.41471
|
36
|
3.00000
|
1.00000
|
15.17289
|
8.17289
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
ARM 30/40 Balloon
|
68,891.09
|
8.99000
|
8.47000
|
360
|
480
|
360
|
N/A
|
6.35000
|
36
|
3.00000
|
1.00000
|
15.99000
|
8.99000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
ARM 30/40 Balloon
|
361,054.29
|
9.20968
|
8.68968
|
360
|
480
|
360
|
N/A
|
6.05704
|
36
|
3.00000
|
1.00000
|
16.20968
|
9.20968
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
ARM 30/40 Balloon
|
65,539.23
|
7.30000
|
6.78000
|
360
|
480
|
360
|
N/A
|
4.45000
|
36
|
3.00000
|
1.00000
|
14.30000
|
7.30000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
ARM 30/40 Balloon
|
486,136.96
|
9.24379
|
8.72379
|
360
|
480
|
360
|
N/A
|
6.25084
|
36
|
3.00000
|
1.00000
|
16.24379
|
9.24379
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
ARM 30/40 Balloon
|
225,781.41
|
7.90018
|
6.30478
|
360
|
480
|
360
|
N/A
|
5.15389
|
36
|
3.00000
|
1.00000
|
14.90018
|
7.90018
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM
|
88,390.20
|
9.10000
|
8.58000
|
360
|
360
|
360
|
N/A
|
5.05000
|
60
|
3.00000
|
1.00000
|
16.10000
|
9.10000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM
|
205,804.48
|
10.28122
|
9.76122
|
360
|
360
|
360
|
N/A
|
5.70228
|
60
|
3.00000
|
1.00000
|
17.28122
|
10.28122
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM
|
57,072.74
|
6.37500
|
4.27500
|
360
|
360
|
360
|
N/A
|
4.37500
|
60
|
3.00000
|
1.00000
|
13.37500
|
6.37500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM
|
46,224.88
|
6.87500
|
4.77500
|
360
|
360
|
360
|
N/A
|
4.87500
|
60
|
3.00000
|
1.00000
|
13.87500
|
6.87500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM
|
237,890.66
|
7.45506
|
6.93506
|
360
|
360
|
360
|
N/A
|
4.61051
|
60
|
3.00000
|
1.00000
|
14.45506
|
7.45506
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM IO
|
42,158.14
|
10.62500
|
10.10500
|
360
|
360
|
360
|
120
|
5.55000
|
60
|
3.00000
|
1.00000
|
17.62500
|
10.62500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM IO
|
179,924.23
|
7.87495
|
7.35495
|
360
|
360
|
360
|
120
|
5.04301
|
60
|
3.00000
|
1.00000
|
14.87495
|
7.87495
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
ARM 30/40 Balloon
|
145,127.87
|
8.65000
|
8.13000
|
360
|
480
|
360
|
N/A
|
4.95000
|
60
|
3.00000
|
1.00000
|
15.65000
|
8.65000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
ARM 30/40 Balloon
|
75,662.43
|
9.10000
|
8.58000
|
360
|
480
|
360
|
N/A
|
6.25000
|
60
|
3.00000
|
1.00000
|
16.10000
|
9.10000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
ARM 30/40 Balloon
|
58,040.08
|
8.99000
|
8.47000
|
360
|
480
|
360
|
N/A
|
5.95000
|
60
|
3.00000
|
1.00000
|
15.99000
|
8.99000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
7/23
6 Month LIBOR ARM
|
167,519.89
|
6.62500
|
4.52500
|
360
|
360
|
360
|
N/A
|
4.62500
|
84
|
5.00000
|
2.00000
|
11.62500
|
6.62500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
394,521.78
|
9.06146
|
8.19771
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
132,222.55
|
8.29428
|
7.77428
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
57,536.77
|
11.20000
|
10.68000
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
4,553,716.11
|
9.31059
|
8.79059
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
1,735,384.71
|
8.16291
|
7.51223
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
170,779.45
|
8.84400
|
7.96184
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
99,957.34
|
7.62500
|
5.83500
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
81,245.89
|
10.75000
|
10.23000
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
316,961.42
|
8.40642
|
7.88642
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
10,438,649.57
|
8.88805
|
8.29280
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
2,427,663.74
|
8.11608
|
7.51458
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
362,755.26
|
9.11669
|
8.05288
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
35,155.52
|
8.60000
|
8.08000
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
37,673.69
|
7.85000
|
7.33000
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Group
I Mortgage Loans
|
Initial/
Prefunding
|
Loan
Type
|
Principal
Balance ($)
|
Initial
Gross Mortgage Rate (%)
|
Net
Mortgage Rate (%)
|
Original
Term to Maturity (Months)
|
Original
Amortization Term (Months)
|
Remaining
Term to Maturity (Months)
|
Original
Interest Only Term (Months)
|
Gross
Margin (%)
|
Months
to Next Rate Adjustment Date
|
Initial
Periodic Rate Cap (%)
|
Periodic
Rate Cap (%)
|
Maximum
Mortgage Rate (%)
|
Minimum
Mortgage Rate (%)
|
Index
|
Rate
Adjustment Frequency (Months)
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
2,334,770.46
|
9.19774
|
8.55670
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
480,179.15
|
9.02606
|
8.50606
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
283,399.29
|
7.32679
|
6.80679
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
2,632,626.91
|
8.68957
|
7.90835
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
732,425.01
|
8.06349
|
7.32023
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
1,857,904.68
|
8.69939
|
7.80953
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
374,524.00
|
7.85890
|
6.67808
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
27,736,012.73
|
9.16892
|
8.46919
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
6,440,798.45
|
7.93689
|
7.04371
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
120,129.72
|
5.87500
|
4.08500
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
330,056.40
|
8.13726
|
7.52646
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
250,188.46
|
6.59960
|
5.72243
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
22,359.16
|
7.00000
|
6.48000
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
3,927,531.93
|
8.17682
|
7.58855
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
1,436,232.13
|
7.16428
|
6.30818
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
2,513,568.39
|
9.01059
|
8.29947
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
791,389.19
|
7.81280
|
6.71648
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
136,125.63
|
10.53529
|
9.34957
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
231,814.36
|
7.65597
|
7.13597
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
1,656,046.90
|
9.36363
|
8.70697
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
408,423.41
|
8.71232
|
7.88801
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
44,566,630.90
|
8.53826
|
7.73878
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
13,482,779.73
|
7.64308
|
6.60658
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate IO
|
124,483.86
|
8.38966
|
7.86966
|
360
|
360
|
360
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate IO
|
238,544.71
|
8.61989
|
8.09989
|
360
|
360
|
360
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate IO
|
250,689.35
|
8.16373
|
7.64373
|
360
|
360
|
360
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
45,725.33
|
11.48777
|
10.96777
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
1,463,714.00
|
12.17806
|
11.65806
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
501,045.83
|
11.11387
|
10.59387
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
38,584.99
|
11.18758
|
10.66758
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
183,154.55
|
12.02888
|
11.50888
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
213,491.16
|
10.96647
|
10.44647
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
523,218.54
|
11.60807
|
11.08807
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
277,130.77
|
10.38197
|
9.86197
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
17,306.91
|
12.05000
|
11.53000
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
52,125.77
|
11.29676
|
10.77676
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
37,254.86
|
9.44456
|
8.92456
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
285,981.27
|
12.23728
|
11.71728
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
192,979.28
|
10.35578
|
9.83578
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
145,830.10
|
12.35101
|
11.83101
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
215,791.71
|
8.84678
|
8.32678
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
372,326.00
|
11.24364
|
10.72364
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
125,526.78
|
10.36468
|
9.84468
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
19,166.53
|
10.90000
|
10.38000
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
32,961.72
|
10.54072
|
10.02072
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
|||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
24,486.12
|
12.50710
|
11.98710
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
294,273.35
|
10.50268
|
9.98268
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
80,178.59
|
9.11587
|
8.59587
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
61,926.00
|
10.80338
|
10.28338
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
19,162.49
|
8.75000
|
8.23000
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
242,133.95
|
10.78811
|
10.26811
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
165,110.82
|
10.25523
|
9.73523
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
42,802.93
|
9.71101
|
9.19101
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
152,287.16
|
7.77378
|
7.25378
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Initial/
Prefunding
|
|
Loan
Type
|
|
Principal
Balance ($)
|
|
Initial
Gross Mortgage Rate (%)
|
|
Net
Mortgage Rate (%)
|
|
Original
Term to Maturity (Months)
|
|
Original
Amortization Term (Months)
|
|
Remaining
Term to Maturity (Months)
|
|
Original
Interest Only Term (Months)
|
|
Gross
Margin (%)
|
|
Months
to Next Rate Adjustment Date
|
|
Initial
Periodic Rate Cap (%)
|
|
Periodic
Rate Cap (%)
|
|
Maximum
Mortgage Rate (%)
|
|
Minimum
Mortgage Rate (%)
|
|
Index
|
|
Rate
Adjustment Frequency (Months)
|
INITIAL
|
2/28
6 Month LIBOR ARM
|
1,249,819.60
|
8.97258
|
8.12870
|
360
|
360
|
359
|
N/A
|
5.82950
|
23
|
3.00000
|
1.00000
|
15.97258
|
8.97258
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
505,515.54
|
8.49214
|
6.67015
|
360
|
360
|
358
|
N/A
|
5.22416
|
22
|
3.00000
|
1.00000
|
15.49214
|
8.49214
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
512,757.68
|
9.76971
|
9.24971
|
360
|
360
|
359
|
N/A
|
6.13934
|
23
|
3.00000
|
1.00000
|
16.76971
|
9.76971
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
170,050.00
|
9.60000
|
9.08000
|
360
|
360
|
360
|
N/A
|
5.70000
|
24
|
3.00000
|
1.00000
|
16.60000
|
9.60000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
58,241.29
|
9.00000
|
8.48000
|
360
|
360
|
346
|
N/A
|
7.00000
|
10
|
3.00000
|
1.00000
|
18.70000
|
9.00000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
25,606,888.22
|
9.83682
|
9.07496
|
360
|
360
|
358
|
N/A
|
5.82506
|
22
|
3.00000
|
1.00000
|
16.83682
|
9.83682
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
11,807,727.13
|
9.20215
|
8.32336
|
360
|
360
|
359
|
N/A
|
5.26121
|
23
|
3.00000
|
1.00000
|
16.20215
|
9.20215
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
1,369,531.38
|
9.15074
|
8.63074
|
360
|
360
|
355
|
N/A
|
6.58730
|
19
|
3.00000
|
1.00000
|
16.15074
|
9.15074
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
31,764,360.97
|
9.51966
|
8.76495
|
360
|
360
|
357
|
N/A
|
6.14311
|
21
|
3.00000
|
1.00000
|
16.49080
|
9.51085
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
13,008,998.92
|
8.67455
|
7.87916
|
360
|
360
|
358
|
N/A
|
5.23362
|
22
|
3.00000
|
1.00000
|
15.57764
|
8.44325
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
16,109,702.30
|
9.42720
|
8.69553
|
360
|
360
|
358
|
N/A
|
6.29414
|
22
|
3.00000
|
1.00000
|
16.42720
|
9.42720
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
3,469,493.41
|
8.94971
|
8.42971
|
360
|
360
|
359
|
N/A
|
6.07717
|
23
|
3.00000
|
1.00000
|
15.94971
|
8.94971
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM
|
118,470.41
|
9.50000
|
7.03000
|
360
|
360
|
300
|
N/A
|
7.00000
|
6
|
3.00000
|
1.00000
|
17.62500
|
10.62500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
4,641,336.50
|
9.44543
|
8.78268
|
360
|
360
|
359
|
60
|
6.07641
|
23
|
3.00000
|
1.00000
|
16.44543
|
9.44543
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
3,629,953.87
|
9.03547
|
7.70470
|
360
|
360
|
358
|
60
|
5.20599
|
22
|
3.00000
|
1.00000
|
16.03547
|
9.03547
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
1,124,700.00
|
10.22315
|
8.40183
|
360
|
360
|
355
|
60
|
6.81527
|
19
|
3.00000
|
1.00000
|
17.22315
|
10.22315
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
1,424,000.00
|
8.35337
|
7.83337
|
360
|
360
|
352
|
60
|
4.89382
|
16
|
3.00000
|
1.00000
|
15.35337
|
8.35337
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
2,889,565.00
|
8.77301
|
7.75934
|
360
|
360
|
357
|
60
|
5.93158
|
21
|
3.00000
|
1.00000
|
15.77301
|
8.77301
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
6,106,644.10
|
8.12803
|
7.04239
|
360
|
360
|
358
|
60
|
5.23474
|
22
|
3.00000
|
1.00000
|
15.12803
|
8.12803
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
1,816,750.00
|
8.36197
|
7.84197
|
360
|
360
|
357
|
60
|
6.09740
|
21
|
3.00000
|
1.00000
|
15.36197
|
8.36197
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
6 Month LIBOR ARM IO
|
2,632,350.00
|
7.85960
|
7.33960
|
360
|
360
|
358
|
60
|
5.81875
|
22
|
3.00000
|
1.00000
|
14.85960
|
7.85960
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
141,081.99
|
10.70000
|
10.18000
|
360
|
480
|
359
|
N/A
|
6.05000
|
23
|
3.00000
|
1.00000
|
17.70000
|
10.70000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
202,869.29
|
9.21387
|
8.69387
|
360
|
480
|
359
|
N/A
|
5.60751
|
23
|
3.00000
|
1.00000
|
16.21387
|
9.21387
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
342,422.18
|
10.02244
|
9.50244
|
360
|
480
|
359
|
N/A
|
5.89366
|
23
|
3.00000
|
1.00000
|
17.02244
|
10.02244
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
19,631,525.14
|
9.57210
|
8.69388
|
360
|
480
|
358
|
N/A
|
6.13466
|
22
|
3.00000
|
1.00000
|
16.57210
|
9.53936
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
7,483,300.63
|
8.92254
|
7.76493
|
360
|
480
|
358
|
N/A
|
5.25997
|
22
|
3.00000
|
1.00000
|
15.92254
|
8.92254
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
1,034,809.89
|
8.49382
|
7.97382
|
360
|
480
|
359
|
N/A
|
6.02416
|
23
|
3.00000
|
1.00000
|
15.49382
|
8.49382
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
22,331,553.50
|
9.28537
|
8.73137
|
360
|
480
|
358
|
N/A
|
6.21096
|
22
|
3.00000
|
1.00000
|
16.29812
|
9.28537
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
8,255,138.31
|
8.47819
|
7.89911
|
360
|
480
|
359
|
N/A
|
5.27555
|
23
|
3.00000
|
1.00000
|
15.47819
|
8.47819
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
17,125,187.45
|
8.68483
|
7.91654
|
360
|
480
|
359
|
N/A
|
5.97730
|
23
|
3.00000
|
1.00000
|
15.68483
|
8.68483
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
2/28
ARM 30/40 Balloon
|
3,700,104.60
|
8.05341
|
7.06110
|
360
|
480
|
359
|
N/A
|
5.42518
|
23
|
3.00000
|
1.00000
|
15.05341
|
8.05341
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
107,100.00
|
10.60000
|
10.08000
|
360
|
360
|
360
|
N/A
|
6.45000
|
36
|
3.00000
|
1.00000
|
17.60000
|
10.60000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
498,577.60
|
8.87500
|
6.77500
|
360
|
360
|
355
|
N/A
|
6.87500
|
31
|
3.00000
|
1.00000
|
15.87500
|
8.87500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
451,176.93
|
8.52500
|
8.00500
|
360
|
360
|
357
|
N/A
|
4.90000
|
33
|
3.00000
|
1.00000
|
15.52500
|
8.52500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
69,812.52
|
10.12500
|
9.60500
|
360
|
360
|
354
|
N/A
|
9.12500
|
30
|
3.00000
|
1.00000
|
17.12500
|
10.12500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
415,670.81
|
9.22500
|
8.70500
|
360
|
360
|
354
|
N/A
|
8.22500
|
30
|
3.00000
|
1.00000
|
16.22500
|
9.22500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
889,361.98
|
9.77193
|
9.25193
|
360
|
360
|
359
|
N/A
|
6.53857
|
35
|
3.00000
|
1.00000
|
16.77193
|
9.77193
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM
|
849,992.11
|
8.21525
|
6.83916
|
360
|
360
|
355
|
N/A
|
6.49463
|
31
|
3.00000
|
1.00000
|
15.21525
|
8.21525
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM IO
|
589,000.00
|
6.95000
|
6.43000
|
360
|
360
|
360
|
60
|
5.30000
|
36
|
3.00000
|
1.00000
|
13.95000
|
6.95000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
6 Month LIBOR ARM IO
|
536,000.00
|
5.87500
|
5.35500
|
360
|
360
|
353
|
60
|
3.87500
|
29
|
3.00000
|
1.00000
|
10.87500
|
5.87500
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
3/27
ARM 30/40 Balloon
|
243,867.63
|
7.53001
|
7.01001
|
360
|
480
|
358
|
N/A
|
5.78587
|
34
|
3.00000
|
1.00000
|
14.53001
|
7.53001
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
5/25
6 Month LIBOR ARM
|
87,750.00
|
11.20000
|
10.68000
|
360
|
360
|
360
|
N/A
|
5.00000
|
60
|
3.00000
|
1.00000
|
18.20000
|
11.20000
|
6MOLIBOR
|
6
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,837,165.21
|
8.98541
|
8.46541
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
95,879.11
|
8.00000
|
6.65000
|
180
|
360
|
72
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
4,734,197.04
|
8.84428
|
8.27818
|
360
|
480
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
619,387.33
|
7.90826
|
7.38826
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
424,595.30
|
8.57552
|
8.05552
|
360
|
360
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
169,857.45
|
9.19388
|
8.67388
|
360
|
360
|
358
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
450,000.00
|
6.21000
|
5.69000
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
131,356.90
|
9.25063
|
8.73063
|
180
|
180
|
176
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
524,591.24
|
6.80000
|
6.28000
|
240
|
240
|
239
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
7,436,849.29
|
8.97511
|
8.31370
|
360
|
360
|
358
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
22,691.95
|
10.25000
|
9.26000
|
120
|
120
|
53
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
81,505.33
|
7.55000
|
7.03000
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
56,299.13
|
10.25000
|
8.24000
|
240
|
240
|
172
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
389,912.26
|
10.13844
|
9.61844
|
360
|
360
|
316
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
5,964,092.95
|
8.92784
|
8.40784
|
360
|
360
|
357
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
2,805,351.83
|
7.49288
|
6.50452
|
360
|
360
|
359
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
25,587.36
|
13.05000
|
12.53000
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
27,788.46
|
13.45000
|
12.93000
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
49,688.24
|
12.85000
|
12.33000
|
180
|
360
|
179
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
3,496,578.06
|
11.76651
|
11.24651
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,980,659.38
|
11.47405
|
10.95405
|
180
|
360
|
176
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
215,784.50
|
12.34903
|
11.82903
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
2,304,845.53
|
11.63509
|
11.11509
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,652,909.59
|
11.53404
|
11.01404
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Initial/
Prefunding
|
Loan
Type
|
Principal
Balance ($)
|
Initial
Gross Mortgage Rate (%)
|
Net
Mortgage Rate (%)
|
Original
Term to Maturity (Months)
|
Original
Amortization Term (Months)
|
Remaining
Term to Maturity (Months)
|
Original
Interest Only Term (Months)
|
Gross
Margin (%)
|
Months
to Next Rate Adjustment Date
|
Initial
Periodic Rate Cap (%)
|
Periodic
Rate Cap (%)
|
Maximum
Mortgage Rate (%)
|
Minimum
Mortgage Rate (%)
|
Index
|
Rate
Adjustment Frequency (Months)
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,518,374.43
|
11.54260
|
11.02260
|
180
|
360
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Balloon
|
1,594,296.20
|
11.21172
|
10.69172
|
180
|
360
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
49,054.03
|
11.99000
|
11.47000
|
180
|
180
|
177
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
34,135.84
|
10.62500
|
10.10500
|
120
|
120
|
115
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
223,450.91
|
12.24363
|
11.72363
|
180
|
180
|
178
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
29,786.10
|
9.75000
|
9.23000
|
180
|
180
|
179
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
27,472.76
|
12.15000
|
11.63000
|
240
|
240
|
239
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
20,960.45
|
11.85000
|
11.33000
|
240
|
240
|
238
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
44,090.69
|
12.19000
|
11.67000
|
360
|
360
|
353
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
196,675.27
|
12.67671
|
12.15671
|
360
|
360
|
357
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
34,071.48
|
10.12500
|
9.60500
|
180
|
180
|
176
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
280,888.83
|
11.83305
|
11.31305
|
180
|
180
|
179
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
267,134.32
|
9.78912
|
9.26912
|
180
|
180
|
176
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
57,392.38
|
12.28251
|
11.76251
|
240
|
240
|
238
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
43,415.58
|
8.37500
|
7.85500
|
240
|
240
|
232
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
56,780.49
|
7.87500
|
7.35500
|
360
|
360
|
355
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
119,581.64
|
7.87500
|
7.35500
|
360
|
360
|
355
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
INITIAL
|
Fixed
Rate Fully Amortizing
|
44,330.78
|
8.50000
|
7.98000
|
360
|
360
|
355
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
604,496.85
|
8.97258
|
8.12870
|
360
|
360
|
360
|
N/A
|
5.82950
|
24
|
3.00000
|
1.00000
|
15.97258
|
8.97258
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
244,501.33
|
8.49214
|
6.67015
|
360
|
360
|
360
|
N/A
|
5.22416
|
24
|
3.00000
|
1.00000
|
15.49214
|
8.49214
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
248,004.12
|
9.76971
|
9.24971
|
360
|
360
|
360
|
N/A
|
6.13934
|
24
|
3.00000
|
1.00000
|
16.76971
|
9.76971
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
82,247.62
|
9.60000
|
9.08000
|
360
|
360
|
360
|
N/A
|
5.70000
|
24
|
3.00000
|
1.00000
|
16.60000
|
9.60000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
28,169.41
|
9.00000
|
8.48000
|
360
|
360
|
360
|
N/A
|
7.00000
|
24
|
3.00000
|
1.00000
|
18.70000
|
9.00000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
12,385,214.31
|
9.83682
|
9.07496
|
360
|
360
|
360
|
N/A
|
5.82506
|
24
|
3.00000
|
1.00000
|
16.83682
|
9.83682
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
5,711,011.45
|
9.20215
|
8.32336
|
360
|
360
|
360
|
N/A
|
5.26121
|
24
|
3.00000
|
1.00000
|
16.20215
|
9.20215
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
662,397.54
|
9.15074
|
8.63074
|
360
|
360
|
360
|
N/A
|
6.58730
|
24
|
3.00000
|
1.00000
|
16.15074
|
9.15074
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
15,363,382.42
|
9.51966
|
8.76495
|
360
|
360
|
360
|
N/A
|
6.14311
|
24
|
3.00000
|
1.00000
|
16.49080
|
9.51085
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
6,292,027.29
|
8.67455
|
7.87916
|
360
|
360
|
360
|
N/A
|
5.23362
|
24
|
3.00000
|
1.00000
|
15.57764
|
8.44325
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
7,791,736.09
|
9.42720
|
8.69553
|
360
|
360
|
360
|
N/A
|
6.29414
|
24
|
3.00000
|
1.00000
|
16.42720
|
9.42720
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
1,678,080.48
|
8.94971
|
8.42971
|
360
|
360
|
360
|
N/A
|
6.07717
|
24
|
3.00000
|
1.00000
|
15.94971
|
8.94971
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM
|
57,300.26
|
9.50000
|
7.03000
|
360
|
360
|
360
|
N/A
|
7.00000
|
24
|
3.00000
|
1.00000
|
17.62500
|
10.62500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
2,244,862.66
|
9.44543
|
8.78268
|
360
|
360
|
360
|
60
|
6.07641
|
24
|
3.00000
|
1.00000
|
16.44543
|
9.44543
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
1,755,689.97
|
9.03547
|
7.70470
|
360
|
360
|
360
|
60
|
5.20599
|
24
|
3.00000
|
1.00000
|
16.03547
|
9.03547
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
543,980.61
|
10.22315
|
8.40183
|
360
|
360
|
360
|
60
|
6.81527
|
24
|
3.00000
|
1.00000
|
17.22315
|
10.22315
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
688,742.22
|
8.35337
|
7.83337
|
360
|
360
|
360
|
60
|
4.89382
|
24
|
3.00000
|
1.00000
|
15.35337
|
8.35337
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
1,397,588.06
|
8.77301
|
7.75934
|
360
|
360
|
360
|
60
|
5.93158
|
24
|
3.00000
|
1.00000
|
15.77301
|
8.77301
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
2,953,584.01
|
8.12803
|
7.04239
|
360
|
360
|
360
|
60
|
5.23474
|
24
|
3.00000
|
1.00000
|
15.12803
|
8.12803
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
878,702.56
|
8.36197
|
7.84197
|
360
|
360
|
360
|
60
|
6.09740
|
24
|
3.00000
|
1.00000
|
15.36197
|
8.36197
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
6 Month LIBOR ARM IO
|
1,273,181.60
|
7.85960
|
7.33960
|
360
|
360
|
360
|
60
|
5.81875
|
24
|
3.00000
|
1.00000
|
14.85960
|
7.85960
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
68,236.74
|
10.70000
|
10.18000
|
360
|
480
|
360
|
N/A
|
6.05000
|
24
|
3.00000
|
1.00000
|
17.70000
|
10.70000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
98,121.24
|
9.21387
|
8.69387
|
360
|
480
|
360
|
N/A
|
5.60751
|
24
|
3.00000
|
1.00000
|
16.21387
|
9.21387
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
165,618.41
|
10.02244
|
9.50244
|
360
|
480
|
360
|
N/A
|
5.89366
|
24
|
3.00000
|
1.00000
|
17.02244
|
10.02244
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
9,495,126.59
|
9.57210
|
8.69388
|
360
|
480
|
360
|
N/A
|
6.13466
|
24
|
3.00000
|
1.00000
|
16.57210
|
9.53936
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
3,619,427.77
|
8.92254
|
7.76493
|
360
|
480
|
360
|
N/A
|
5.25997
|
24
|
3.00000
|
1.00000
|
15.92254
|
8.92254
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
500,503.70
|
8.49382
|
7.97382
|
360
|
480
|
360
|
N/A
|
6.02416
|
24
|
3.00000
|
1.00000
|
15.49382
|
8.49382
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
10,801,042.04
|
9.28537
|
8.73137
|
360
|
480
|
360
|
N/A
|
6.21096
|
24
|
3.00000
|
1.00000
|
16.29812
|
9.28537
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
3,992,740.40
|
8.47819
|
7.89911
|
360
|
480
|
360
|
N/A
|
5.27555
|
24
|
3.00000
|
1.00000
|
15.47819
|
8.47819
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
8,282,893.08
|
8.68483
|
7.91654
|
360
|
480
|
360
|
N/A
|
5.97730
|
24
|
3.00000
|
1.00000
|
15.68483
|
8.68483
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
2/28
ARM 30/40 Balloon
|
1,789,619.57
|
8.05341
|
7.06110
|
360
|
480
|
360
|
N/A
|
5.42518
|
24
|
3.00000
|
1.00000
|
15.05341
|
8.05341
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
51,800.77
|
10.60000
|
10.08000
|
360
|
360
|
360
|
N/A
|
6.45000
|
36
|
3.00000
|
1.00000
|
17.60000
|
10.60000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
241,145.68
|
8.87500
|
6.77500
|
360
|
360
|
360
|
N/A
|
6.87500
|
36
|
3.00000
|
1.00000
|
15.87500
|
8.87500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
218,219.52
|
8.52500
|
8.00500
|
360
|
360
|
360
|
N/A
|
4.90000
|
36
|
3.00000
|
1.00000
|
15.52500
|
8.52500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
33,766.03
|
10.12500
|
9.60500
|
360
|
360
|
360
|
N/A
|
9.12500
|
36
|
3.00000
|
1.00000
|
17.12500
|
10.12500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
201,046.38
|
9.22500
|
8.70500
|
360
|
360
|
360
|
N/A
|
8.22500
|
36
|
3.00000
|
1.00000
|
16.22500
|
9.22500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
430,155.30
|
9.77193
|
9.25193
|
360
|
360
|
360
|
N/A
|
6.53857
|
36
|
3.00000
|
1.00000
|
16.77193
|
9.77193
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM
|
411,113.38
|
8.21525
|
6.83916
|
360
|
360
|
360
|
N/A
|
6.49463
|
36
|
3.00000
|
1.00000
|
15.21525
|
8.21525
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM IO
|
284,880.04
|
6.95000
|
6.43000
|
360
|
360
|
360
|
60
|
5.30000
|
36
|
3.00000
|
1.00000
|
13.95000
|
6.95000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
6 Month LIBOR ARM IO
|
259,245.67
|
5.87500
|
5.35500
|
360
|
360
|
360
|
60
|
3.87500
|
36
|
3.00000
|
1.00000
|
10.87500
|
5.87500
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
3/27
ARM 30/40 Balloon
|
117,950.79
|
7.53001
|
7.01001
|
360
|
480
|
360
|
N/A
|
5.78587
|
36
|
3.00000
|
1.00000
|
14.53001
|
7.53001
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
5/25
6 Month LIBOR ARM
|
42,441.80
|
11.20000
|
10.68000
|
360
|
360
|
360
|
N/A
|
5.00000
|
60
|
3.00000
|
1.00000
|
18.20000
|
11.20000
|
6MOLIBOR
|
6
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
888,576.72
|
8.98541
|
8.46541
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
46,373.95
|
8.00000
|
6.65000
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
2,289,776.26
|
8.84428
|
8.27818
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
299,577.39
|
7.90826
|
7.38826
|
360
|
480
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
205,362.85
|
8.57552
|
8.05552
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
82,154.49
|
9.19388
|
8.67388
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Initial/
Prefunding
|
Loan
Type
|
Principal
Balance ($)
|
Initial
Gross Mortgage Rate (%)
|
Net
Mortgage Rate (%)
|
Original
Term to Maturity (Months)
|
Original
Amortization Term (Months)
|
Remaining
Term to Maturity (Months)
|
Original
Interest Only Term (Months)
|
Gross
Margin (%)
|
Months
to Next Rate Adjustment Date
|
Initial
Periodic Rate Cap (%)
|
Periodic
Rate Cap (%)
|
Maximum
Mortgage Rate (%)
|
Minimum
Mortgage Rate (%)
|
Index
|
Rate
Adjustment Frequency (Months)
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
217,650.28
|
6.21000
|
5.69000
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
63,533.04
|
9.25063
|
8.73063
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
253,727.62
|
6.80000
|
6.28000
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
3,596,960.77
|
8.97511
|
8.31370
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
10,975.35
|
10.25000
|
9.26000
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
39,421.46
|
7.55000
|
7.03000
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
27,230.05
|
10.25000
|
8.24000
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
188,587.81
|
10.13844
|
9.61844
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
2,884,636.67
|
8.92784
|
8.40784
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
1,356,856.92
|
7.49288
|
6.50452
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
12,375.77
|
13.05000
|
12.53000
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
13,440.37
|
13.45000
|
12.93000
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
24,032.58
|
12.85000
|
12.33000
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
1,691,180.44
|
11.76651
|
11.24651
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
957,980.18
|
11.47405
|
10.95405
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
104,367.90
|
12.34903
|
11.82903
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
1,114,778.39
|
11.63509
|
11.11509
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
799,458.33
|
11.53404
|
11.01404
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
734,388.04
|
11.54260
|
11.02260
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Balloon
|
771,108.92
|
11.21172
|
10.69172
|
180
|
360
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
23,725.83
|
11.99000
|
11.47000
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
16,510.39
|
10.62500
|
10.10500
|
120
|
120
|
120
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
108,075.89
|
12.24363
|
11.72363
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
14,406.56
|
9.75000
|
9.23000
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
13,287.68
|
12.15000
|
11.63000
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
10,137.88
|
11.85000
|
11.33000
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
21,325.22
|
12.19000
|
11.67000
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
95,125.40
|
12.67671
|
12.15671
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
16,479.26
|
10.12500
|
9.60500
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
135,856.74
|
11.83305
|
11.31305
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
129,204.14
|
9.78912
|
9.26912
|
180
|
180
|
180
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
27,758.81
|
12.28251
|
11.76251
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
20,998.70
|
8.37500
|
7.85500
|
240
|
240
|
240
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
27,462.87
|
7.87500
|
7.35500
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
57,837.73
|
7.87500
|
7.35500
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
||||||||||||||||
PREFUNDING
|
Fixed
Rate Fully Amortizing
|
21,441.35
|
8.50000
|
7.98000
|
360
|
360
|
360
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
88
|
82
|
76
|
70
|
64
|
||||||||||||
68
|
53
|
40
|
27
|
14
|
||||||||||||
50
|
31
|
15
|
*
|
0
|
||||||||||||
37
|
25
|
15
|
*
|
0
|
||||||||||||
30
|
19
|
12
|
*
|
0
|
||||||||||||
25
|
15
|
8
|
*
|
0
|
||||||||||||
21
|
11
|
6
|
*
|
0
|
||||||||||||
18
|
9
|
4
|
*
|
0
|
||||||||||||
15
|
7
|
3
|
*
|
0
|
||||||||||||
12
|
5
|
2
|
*
|
0
|
||||||||||||
10
|
4
|
1
|
*
|
0
|
||||||||||||
9
|
3
|
1
|
0
|
0
|
||||||||||||
7
|
2
|
1
|
0
|
0
|
||||||||||||
6
|
2
|
*
|
0
|
0
|
||||||||||||
5
|
1
|
*
|
0
|
0
|
||||||||||||
4
|
1
|
0
|
0
|
0
|
||||||||||||
3
|
1
|
0
|
0
|
0
|
||||||||||||
3
|
*
|
0
|
0
|
0
|
||||||||||||
2
|
*
|
0
|
0
|
0
|
||||||||||||
2
|
*
|
0
|
0
|
0
|
||||||||||||
2
|
0
|
0
|
0
|
0
|
||||||||||||
1
|
0
|
0
|
0
|
0
|
||||||||||||
1
|
0
|
0
|
0
|
0
|
||||||||||||
1
|
0
|
0
|
0
|
0
|
||||||||||||
*
|
0
|
0
|
0
|
0
|
||||||||||||
*
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
4.73
|
3.27
|
2.39
|
1.53
|
1.30
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
4.40
|
3.01
|
2.19
|
1.52
|
1.30
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
74
|
62
|
49
|
36
|
23
|
||||||||||||
29
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
1.55
|
1.21
|
1.00
|
0.86
|
0.76
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
1.55
|
1.21
|
1.00
|
0.86
|
0.76
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
96
|
44
|
0
|
0
|
||||||||||||
82
|
10
|
0
|
0
|
0
|
||||||||||||
35
|
0
|
0
|
0
|
0
|
||||||||||||
16
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
3.90
|
2.54
|
2.00
|
1.75
|
1.55
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
3.90
|
2.54
|
2.00
|
1.75
|
1.55
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
91
|
7
|
||||||||||||
100
|
100
|
17
|
0
|
0
|
||||||||||||
100
|
94
|
17
|
0
|
0
|
||||||||||||
100
|
61
|
17
|
0
|
0
|
||||||||||||
98
|
36
|
0
|
0
|
0
|
||||||||||||
75
|
18
|
0
|
0
|
0
|
||||||||||||
55
|
4
|
0
|
0
|
0
|
||||||||||||
39
|
0
|
0
|
0
|
0
|
||||||||||||
26
|
0
|
0
|
0
|
0
|
||||||||||||
15
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
8.66
|
5.65
|
3.13
|
2.16
|
1.92
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.66
|
5.65
|
3.13
|
2.16
|
1.92
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
0
|
0
|
||||||||||||
100
|
100
|
100
|
0
|
0
|
||||||||||||
100
|
100
|
100
|
0
|
0
|
||||||||||||
100
|
100
|
100
|
0
|
0
|
||||||||||||
100
|
100
|
67
|
0
|
0
|
||||||||||||
100
|
100
|
46
|
0
|
0
|
||||||||||||
100
|
83
|
31
|
0
|
0
|
||||||||||||
100
|
62
|
21
|
0
|
0
|
||||||||||||
100
|
47
|
14
|
0
|
0
|
||||||||||||
100
|
35
|
9
|
0
|
0
|
||||||||||||
96
|
27
|
3
|
0
|
0
|
||||||||||||
79
|
20
|
0
|
0
|
0
|
||||||||||||
60
|
14
|
0
|
0
|
0
|
||||||||||||
48
|
8
|
0
|
0
|
0
|
||||||||||||
39
|
3
|
0
|
0
|
0
|
||||||||||||
32
|
0
|
0
|
0
|
0
|
||||||||||||
26
|
0
|
0
|
0
|
0
|
||||||||||||
21
|
0
|
0
|
0
|
0
|
||||||||||||
17
|
0
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
10
|
0
|
0
|
0
|
0
|
||||||||||||
5
|
0
|
0
|
0
|
0
|
||||||||||||
2
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
16.98
|
11.53
|
8.41
|
2.54
|
2.09
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
13.06
|
8.72
|
6.37
|
2.54
|
2.09
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
79
|
||||||||||||
100
|
71
|
87
|
100
|
79
|
||||||||||||
86
|
54
|
33
|
100
|
61
|
||||||||||||
72
|
41
|
23
|
72
|
35
|
||||||||||||
60
|
32
|
16
|
45
|
21
|
||||||||||||
50
|
24
|
11
|
29
|
10
|
||||||||||||
42
|
19
|
8
|
18
|
2
|
||||||||||||
35
|
14
|
5
|
9
|
0
|
||||||||||||
29
|
11
|
4
|
2
|
0
|
||||||||||||
24
|
8
|
3
|
0
|
0
|
||||||||||||
20
|
6
|
*
|
0
|
0
|
||||||||||||
17
|
5
|
0
|
0
|
0
|
||||||||||||
13
|
4
|
0
|
0
|
0
|
||||||||||||
11
|
3
|
0
|
0
|
0
|
||||||||||||
9
|
1
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
5
|
0
|
0
|
0
|
0
|
||||||||||||
4
|
0
|
0
|
0
|
0
|
||||||||||||
3
|
0
|
0
|
0
|
0
|
||||||||||||
2
|
0
|
0
|
0
|
0
|
||||||||||||
*
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.50
|
6.42
|
5.38
|
7.27
|
5.37
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.76
|
4.89
|
4.90
|
3.44
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
71
|
47
|
100
|
55
|
||||||||||||
86
|
54
|
33
|
39
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
6
|
||||||||||||
60
|
32
|
16
|
7
|
3
|
||||||||||||
50
|
24
|
11
|
5
|
0
|
||||||||||||
42
|
19
|
8
|
2
|
0
|
||||||||||||
35
|
14
|
5
|
0
|
0
|
||||||||||||
29
|
11
|
4
|
0
|
0
|
||||||||||||
24
|
8
|
*
|
0
|
0
|
||||||||||||
20
|
6
|
0
|
0
|
0
|
||||||||||||
17
|
5
|
0
|
0
|
0
|
||||||||||||
13
|
4
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
5
|
0
|
0
|
0
|
0
|
||||||||||||
4
|
0
|
0
|
0
|
0
|
||||||||||||
3
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.47
|
6.37
|
5.11
|
5.20
|
4.28
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.74
|
4.64
|
4.77
|
3.72
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
71
|
47
|
100
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
6
|
||||||||||||
60
|
32
|
16
|
7
|
*
|
||||||||||||
50
|
24
|
11
|
5
|
0
|
||||||||||||
42
|
19
|
8
|
0
|
0
|
||||||||||||
35
|
14
|
5
|
0
|
0
|
||||||||||||
29
|
11
|
4
|
0
|
0
|
||||||||||||
24
|
8
|
0
|
0
|
0
|
||||||||||||
20
|
6
|
0
|
0
|
0
|
||||||||||||
17
|
5
|
0
|
0
|
0
|
||||||||||||
13
|
2
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
5
|
0
|
0
|
0
|
0
|
||||||||||||
4
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.44
|
6.35
|
5.01
|
4.76
|
3.82
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.74
|
4.56
|
4.40
|
3.52
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
71
|
47
|
60
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
6
|
||||||||||||
60
|
32
|
16
|
7
|
0
|
||||||||||||
50
|
24
|
11
|
5
|
0
|
||||||||||||
42
|
19
|
8
|
0
|
0
|
||||||||||||
35
|
14
|
5
|
0
|
0
|
||||||||||||
29
|
11
|
1
|
0
|
0
|
||||||||||||
24
|
8
|
0
|
0
|
0
|
||||||||||||
20
|
6
|
0
|
0
|
0
|
||||||||||||
17
|
5
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
5
|
0
|
0
|
0
|
0
|
||||||||||||
3
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.42
|
6.34
|
4.96
|
4.57
|
3.64
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.74
|
4.51
|
4.23
|
3.35
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
75
|
||||||||||||
100
|
71
|
47
|
30
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
6
|
||||||||||||
60
|
32
|
16
|
7
|
0
|
||||||||||||
50
|
24
|
11
|
4
|
0
|
||||||||||||
42
|
19
|
8
|
0
|
0
|
||||||||||||
35
|
14
|
5
|
0
|
0
|
||||||||||||
29
|
11
|
0
|
0
|
0
|
||||||||||||
24
|
8
|
0
|
0
|
0
|
||||||||||||
20
|
6
|
0
|
0
|
0
|
||||||||||||
17
|
5
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
5
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.39
|
6.31
|
4.91
|
4.43
|
3.50
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.74
|
4.48
|
4.10
|
3.22
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
30
|
||||||||||||
100
|
71
|
47
|
30
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
6
|
||||||||||||
60
|
32
|
16
|
7
|
0
|
||||||||||||
50
|
24
|
11
|
0
|
0
|
||||||||||||
42
|
19
|
8
|
0
|
0
|
||||||||||||
35
|
14
|
4
|
0
|
0
|
||||||||||||
29
|
11
|
0
|
0
|
0
|
||||||||||||
24
|
8
|
0
|
0
|
0
|
||||||||||||
20
|
6
|
0
|
0
|
0
|
||||||||||||
17
|
0
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
1
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.36
|
6.29
|
4.86
|
4.32
|
3.39
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.73
|
4.45
|
4.00
|
3.12
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
30
|
||||||||||||
100
|
71
|
47
|
30
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
1
|
||||||||||||
60
|
32
|
16
|
7
|
0
|
||||||||||||
50
|
24
|
11
|
0
|
0
|
||||||||||||
42
|
19
|
8
|
0
|
0
|
||||||||||||
35
|
14
|
0
|
0
|
0
|
||||||||||||
29
|
11
|
0
|
0
|
0
|
||||||||||||
24
|
8
|
0
|
0
|
0
|
||||||||||||
20
|
5
|
0
|
0
|
0
|
||||||||||||
17
|
0
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
7
|
0
|
0
|
0
|
0
|
||||||||||||
3
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.32
|
6.25
|
4.82
|
4.21
|
3.29
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.73
|
4.43
|
3.91
|
3.04
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
30
|
||||||||||||
100
|
71
|
47
|
30
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
0
|
||||||||||||
60
|
32
|
16
|
6
|
0
|
||||||||||||
50
|
24
|
11
|
0
|
0
|
||||||||||||
42
|
19
|
8
|
0
|
0
|
||||||||||||
35
|
14
|
0
|
0
|
0
|
||||||||||||
29
|
11
|
0
|
0
|
0
|
||||||||||||
24
|
8
|
0
|
0
|
0
|
||||||||||||
20
|
0
|
0
|
0
|
0
|
||||||||||||
17
|
0
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
9
|
0
|
0
|
0
|
0
|
||||||||||||
6
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.27
|
6.22
|
4.77
|
4.13
|
3.22
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.73
|
4.41
|
3.85
|
2.99
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
Prepayment
Scenario(2)
|
||||||||||||||||
Distribution
Date
|
50%
|
75%
|
100%
|
125%
|
150%
|
|||||||||||
Initial
|
100
|
100
|
100
|
100
|
100
|
|||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
100
|
||||||||||||
100
|
100
|
100
|
100
|
30
|
||||||||||||
100
|
71
|
47
|
30
|
17
|
||||||||||||
86
|
54
|
33
|
19
|
10
|
||||||||||||
72
|
41
|
23
|
12
|
0
|
||||||||||||
60
|
32
|
16
|
0
|
0
|
||||||||||||
50
|
24
|
11
|
0
|
0
|
||||||||||||
42
|
19
|
*
|
0
|
0
|
||||||||||||
35
|
14
|
0
|
0
|
0
|
||||||||||||
29
|
11
|
0
|
0
|
0
|
||||||||||||
24
|
4
|
0
|
0
|
0
|
||||||||||||
20
|
0
|
0
|
0
|
0
|
||||||||||||
17
|
0
|
0
|
0
|
0
|
||||||||||||
13
|
0
|
0
|
0
|
0
|
||||||||||||
11
|
0
|
0
|
0
|
0
|
||||||||||||
8
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
0
|
0
|
0
|
0
|
0
|
||||||||||||
Weighted
Average Life in Years(3)(5)
|
9.20
|
6.17
|
4.72
|
4.05
|
3.15
|
|||||||||||
Weighted
Average Life in Years(3)(4)
|
8.62
|
5.73
|
4.40
|
3.81
|
2.94
|
(3)
|
The
weighted average life of a certificate is determined by (i) multiplying
the amount of each distribution of principal on a certificate by
the
number of years from the date of issuance of the certificate to the
related distribution date, (ii) adding the results, and (iii) dividing
the
sum by the initial Certificate Balance of the certificate.
|
(4)
|
Assumes
the servicer exercises its option to purchase the mortgage loans
when the
principal balance of the mortgage loans is equal to or less than
10% of
the sum of (x) the principal balance of the initial mortgage loans
as of
the cut-off date and (y) the original pre-funded amount. See “Description
of the Certificates—Optional Termination”
herein.
|
·
|
the
Class A Certificates and the Mezzanine Certificates will have 97%
of the
voting rights (allocated in proportion to the respective then outstanding
Certificate Balances);
|
·
|
when
none of the Class A, Mezzanine, Class I or Class C Certificates are
outstanding, 100% of the voting rights will be allocated among holders
of
the residual certificates.
|
·
|
such
certificateholder has previously given written notice to the trustee
of a
continuing event of default;
|
·
|
certificateholders
representing not less than 51% of the Certificate Balances of the
certificates have made written request to the trustee to institute
proceedings in respect of such event of default in its own name as
the
trustee;
|
·
|
such
certificateholders have offered to the trustee indemnity satisfactory
to
it against the costs, expenses and liabilities to be incurred in
compliance with such request;
|
·
|
for
60 days after its receipt of such notice of, request and offer of
indemnity the trustee has failed to institute any such proceedings;
and
|
·
|
no
direction inconsistent with such written request has been given to
the
trustee during such 60-day period by the certificateholders representing
more than 50% of the Certificate Balances of the certificates.
|
·
|
Prohibited
Transaction Class Exemption 91-38, regarding investments by bank
collective investment funds;
|
·
|
Prohibited
Transaction Class Exemption 90-1, regarding investments by insurance
company pooled separate accounts;
|
·
|
Prohibited
Transaction Class Exemption 84-14, regarding transactions negotiated
by
qualified professional asset
managers;
|
·
|
Prohibited
Transaction Class Exemption 96-23, regarding transactions negotiated
by
in-house asset managers;
|
·
|
Prohibited
Transaction Class Exemption 75-1, Part II, regarding principal
transactions by broker-dealers;
|
·
|
Prohibited
Transaction Class Exemption 95-60, regarding investments by insurance
company general accounts; or
|
·
|
The
statutory exemption under Section 408(b)(17) of ERISA and section
4975(d)(20) of the code for certain prohibited transactions between
a plan
and a person or entity that is a party in interest to such plan solely
by
reason of providing services to the plan (other than a party in interest
that is a fiduciary with respect to the assets of the plan involved
in the
transaction, or an affiliate of such fiduciary), provided that there
is
adequate consideration for the
transaction.
|
Class
A-1A Certificates
|
Class
A-2A Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
495,571,022
|
89,071,529
|
|||||
Deutsche
Bank Securities, Inc.
|
41,297,586
|
7,422,628
|
|||||
Total
|
Class
A-2B Certificates
|
Class
A-2C Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
51,136,011
|
31,621,410
|
|||||
Deutsche
Bank Securities, Inc.
|
4,261,334
|
2,635,118
|
|||||
Total
|
Class
A-2D Certificates
|
Class
M-1 Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
11,827,666
|
44,955,434
|
|||||
Deutsche
Bank Securities, Inc.
|
985,639
|
3,746,286
|
|||||
Total
|
Class
M-2 Certificates
|
Class
M-3 Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
31,602,334
|
15,133,512
|
|||||
Deutsche
Bank Securities, Inc.
|
2,633,528
|
1,261,126
|
|||||
Total
|
Class
M-4 Certificates
|
Class
M-5 Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
13,798,202
|
13,798,202
|
|||||
Deutsche
Bank Securities, Inc.
|
1,149,850
|
1,149,850
|
|||||
Total
|
Class
M-6 Certificates
|
Class
M-7 Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
12,017,789
|
0
|
|||||
Deutsche
Bank Securities, Inc.
|
1,001,482
|
0
|
|||||
Total
|
Class
M-8 Certificates
|
Class
M-9 Certificates
|
||||||
Underwriter
|
Principal
Amount
|
Principal
Amount
|
|||||
Greenwich
Capital Markets, Inc.
|
|||||||
Wachovia
Capital Markets, LLC
|
0
|
0
|
|||||
Deutsche
Bank Securities, Inc.
|
0
|
0
|
|||||
Total
|
Class
|
Selling
Concession
|
Reallowance
Discount
|
|||||
A-1A
|
0.1165478
|
%
|
0.0776985
|
%
|
|||
A-2A
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
A-2B
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
A-2C
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
A-2D
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-1
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-2
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-3
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-4
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-5
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-6
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-7
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-8
|
0.1500000
|
%
|
0.1000000
|
%
|
|||
M-9
|
0.1500000
|
%
|
0.1000000
|
%
|
The
Trusts
|
|||
You
should read the section entitled "Risk Factors" starting on page
5 of this
prospectus before making a decision to invest in the closed-end or
revolving home equity securities.
|
NovaStar
Mortgage Funding Corporation or NovaStar Certificates Financing
Corporation will establish a separate trust for each series of securities
to hold the assets for that series. The assets for a series will
be
specified in the prospectus supplement and will generally consist
of:
|
||
·
|
mortgage
loans secured by first or subordinate liens on one- to four-family
residential properties or condominiums,
|
||
·
|
loans
secured by manufactured housing, home improvement retail installment
sales
contracts or shares issued by cooperative housing corporations,
|
||
·
|
mortgage-related
securities backed or secured by the foregoing, or
|
||
·
|
credit
enhancements such as insurance policies, letters of credit or reserve
funds.
|
SUMMARY
OF PROSPECTUS
|
1
|
RISK
FACTORS
|
5
|
THE
DEPOSITORS
|
9
|
THE
SPONSOR AND SERVICER
|
9
|
USE
OF PROCEEDS
|
9
|
DESCRIPTION
OF THE SECURITIES
|
10
|
Payments
of Interest
|
10
|
Payments
of Principal
|
11
|
Final
Scheduled Distribution Date
|
11
|
Optional
Redemption, Purchase or Termination
|
12
|
Mandatory
Termination; Auction Sale
|
12
|
Defeasance
|
12
|
Weighted
Average Life of the Securities
|
12
|
Form
of Securities
|
13
|
THE
TRUST FUNDS
|
15
|
The
Mortgage Loans
|
17
|
Revolving
Credit Loans
|
21
|
The
Contracts
|
22
|
Private
Securities
|
23
|
Accounts
|
25
|
Collection
and Distribution Accounts
|
25
|
Pre-Funding
Account
|
25
|
CREDIT
ENHANCEMENT
|
26
|
Over-Collateralization
|
27
|
Cross-Collateralization
|
27
|
Subordination
|
27
|
Insurance
|
28
|
Reserve
Funds
|
30
|
Letter
Of Credit
|
30
|
Minimum
Principal Payment Agreement
|
31
|
Deposit
Agreement
|
31
|
Hedge
Agreements
|
31
|
SERVICING
|
31
|
Collection
Procedures; Escrow Accounts
|
31
|
Deposits
To And Withdrawals From The Collection Account
|
32
|
Advances
And Limitations Thereon
|
33
|
Maintenance
Of Hazard Insurance Policies
|
34
|
Realization
Upon Defaulted Mortgage Loans
|
35
|
Enforcement
Of Due-On-Sale Clauses
|
36
|
Servicing
Compensation And Payment Of Expenses
|
36
|
Evidence
As To Complance
|
37
|
Matters
Regarding The Servicer
|
37
|
THE
AGREEMENTS
|
39
|
Sale
and Assignment Of Primary Assets
|
39
|
Reports
To Holders
|
41
|
Events
Of Default; Rights Upon Event Of Default
|
43
|
The
Trustee
|
45
|
Duties
Of The Trustee
|
45
|
Resignation
Of Trustee
|
46
|
Amendment
Of Agreement
|
46
|
Voting
Rights
|
46
|
List
Of Holders
|
46
|
REMIC
Administrator
|
47
|
Termination
|
47
|
LEGAL
ASPECTS OF LOANS
|
47
|
Mortgage
Loans
|
47
|
Contracts
|
55
|
Security
Interests In The Manufactured Homes
|
55
|
Enforcement
Of Security Interests In Manufactured Homes
|
57
|
Consumer
Protection Laws
|
58
|
Transfers
Of Manufactured Homes; Enforceability Of "Due-On-Sale"
Clauses
|
58
|
Applicability
Of Usury Laws
|
58
|
Servicemembers
Civil Relief Act
|
59
|
MATERIAL
FEDERAL INCOME TAX CONSEQUENCES
|
59
|
Grantor
Trust Securities
|
60
|
REMIC
Securities
|
61
|
Taxation
Of Beneficial Owners Of REMIC Residual Securities
|
63
|
Taxes
On A REMIC Trust
|
66
|
Debt
Securities
|
71
|
Partnership
Interests
|
71
|
Discount
And Premium
|
74
|
Backup
Withholding
|
77
|
Foreign
Investors
|
78
|
STATE
TAX CONSIDERATIONS
|
79
|
CONSIDERATIONS
FOR BENEFIT PLAN INVESTORS
|
79
|
LEGAL
INVESTMENT
|
86
|
RATINGS
|
88
|
AVAILABLE
INFORMATION
|
88
|
INCORPORATION
OF DOCUMENTS BY REFERENCE
|
89
|
PLAN
OF DISTRIBUTION
|
89
|
LEGAL
MATTERS
|
89
|
FINANCIAL
INFORMATION
|
89
|
·
|
mortgage
loans or manufactured housing contracts secured by one-to-four family
residential properties, condominium units and/or manufactured
homes,
|
·
|
mortgage
loans secured by security interests in shares issued by private,
non-profit cooperative housing corporations,
|
·
|
mortgage
loans with high loan-to-value ratios in excess of the appraised value
of
the mortgaged property,
|
·
|
whether
distributions will be made monthly, quarterly, semi-annually or at
other
intervals and dates,
|
·
|
the
subordination of distributions on the lower classes to the distributions
on more senior classes,
|
·
|
the
use of cross support, reserve funds, mortgage insurance policies,
financial guarantee insurance policies, guarantees or letters of
credit,
and
|
·
|
interest
rate swap agreements or cap agreements to hedge against interest
rate
risks or currency swap risks.
|
·
|
"regular
interests" or "residual interests" in a trust treated as one or more
"real
estate mortgage investment conduits" (“REMIC”),
|
·
|
primary
assets, which may include one or more pools of (1) mortgage loans
that are
secured by mortgages or deeds of trust on residential properties,
(2)
manufactured housing conditional sale contracts and installment agreements
that are secured by manufactured homes, and (3) securities backed
or
secured by such loans,
|
·
|
all
monies due on the loans net, if and as provided in the prospectus
supplement, of amounts payable to the servicer of the loans,
|
·
|
reserve
funds, letters of credit, surety bonds, insurance policies, interest
rate
cap agreements, interest rate swap agreements or currency swap
agreements,
|
·
|
Interest
may be payable at a fixed rate, a rate adjustable from time to time
in
relation to an index, a rate that is fixed for a period of time or
under
specified circumstances and is followed by an adjustable rate, a
rate that
otherwise varies from time to time, or a rate that is convertible
from an
adjustable rate to a fixed rate. Changes to an adjustable rate may
be
subject to periodic limitations, maximum rates, minimum rates or
a
combination of limitations. Accrued interest may be deferred and
added to
the principal of a mortgage loan for periods and under circumstances
specified in the prospectus supplement. Mortgage loans may provide
for the
payment of interest at a rate lower than the specified loan rate
for a
period of time or for the life of the mortgage loan, and the amount
of any
difference may be contributed from funds supplied by the seller of
the
mortgaged property or another
source.
|
·
|
Principal
may be payable on a level debt service basis to fully amortize the
mortgage loan over its term, may be calculated on the basis of an
assumed
amortization schedule that is significantly longer than the original
term
to maturity or on an interest rate that is different from the loan
rate or
may not be amortized during all or a portion of the original term.
Payment
of all or a substantial portion of the principal may be due on maturity.
Principal may include interest that has been deferred and added to
the
principal balance of the mortgage
loan.
|
·
|
Monthly
payments of principal and interest may be fixed for the life of the
mortgage loan, may increase over a specified period of time or may
change
from period to period. Mortgage loans may include limits on periodic
increases or decreases in the amount of monthly payments and may
include
maximum or minimum amounts of monthly payments.
|
·
|
Prepayments
of principal may be subject to a prepayment fee, which may be fixed
for
the life of the mortgage loan or may decline over time, and may be
prohibited for the life of the mortgage loan or for specified periods.
Some mortgage loans may permit prepayments after expiration of the
applicable lockout period and may require the payment of a prepayment
fee
in connection with any subsequent prepayment. Other mortgage loans
may
permit prepayments without payment of a fee unless the prepayment
occurs
during specified time periods. The mortgage loans may include "due
on
sale" clauses which permit the mortgagee to demand payment of the
entire
mortgage loan in connection with the sale or transfer of the mortgaged
property. Other mortgage loans may be assumable by persons meeting
the
then applicable underwriting standards of the
seller.
|
·
|
the
range and weighted average loan rate, and, in the case of adjustable
rate
loans, the range and weighted average of the current loan rates and
the
lifetime rate caps, if any;
|
·
|
the
weighted average original and remaining term-to-stated maturity and
the
range of original and remaining terms-to-stated maturity, if
applicable;
|
·
|
the
percentage of mortgage loans that are secured by single family mortgaged
properties, shares relating to cooperative dwellings,
|
·
|
the
delinquency status, including the duration and history of delinquencies
and the percentage of delinquent mortgage loans.
|
·
|
the
percentage of any contracts which are secured by manufactured homes
which
have become permanently affixed to real estate;
|
·
|
the
terms on which underlying loans may, or are required to, be purchased
prior to their stated maturity or the stated maturity of the private
securities;
|
·
|
the
terms on which underlying loans may be substituted for those originally
underlying the private securities;
|
·
|
the
payment features, including whether the underlying loans are fixed
rate or
adjustable rate and whether they provide for fixed level payments
or other
payment features;
|
·
|
the
approximate aggregate principal balance, if known, of the underlying
loans
insured or guaranteed by a governmental entity;
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the
additional primary assets to be acquired during the pre-funding
period
will be subject to the same representations and warranties and
satisfy the
same eligibility requirements as the primary assets included in
the trust
fund on the closing date, subject to the exceptions stated in the
prospectus supplement, and
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prior
to the investment of the pre-funded amount in additional primary
assets,
the pre-funded amount will be invested in one or more eligible
investments.
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allocating
specified excess amounts generated by one or more asset groups
to one or
more other asset groups in the same trust fund, or
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allocating
losses with respect to one or more asset groups to one or more
other asset
groups in the same trust fund.
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All
payments on account of interest on the primary assets after deducting,
if
permitted by the servicing agreement, the servicing fee;
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All
amounts received by the servicer in connection with the liquidation
of
primary assets or property acquired in respect thereof, whether
through
foreclosure sale, repossession or otherwise, including payments
in
connection with the primary assets received from the obligor, other
than
liquidation proceeds, which are amounts required to be paid or
refunded to
the obligor under the terms of the applicable loan documents or
otherwise
under law, exclusive of, if permitted by the servicing agreement,
the
servicing fee;
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All
proceeds under any title insurance, hazard insurance or other insurance
policy covering any primary asset, other than proceeds to be applied
to
the restoration or repair of the mortgaged property or manufactured
home
or released to the obligor;
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All
repurchase prices of any primary assets repurchased by the related
depositor, the servicer or the
sponsor.
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to
reimburse itself for advances made by it; the servicer's right
to
reimburse itself may be limited to amounts received from particular
loans,
including, for this purpose, liquidation proceeds and amounts representing
proceeds of insurance policies covering the mortgaged property
or
manufactured home, which represent late recoveries of scheduled
payments
respecting which any advance was made;
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to
the extent provided in the servicing agreement, to reimburse itself
for
any advances that the servicer determines in good faith it will
be unable
to recover from late recoveries or proceeds from the particular
loan;
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to
reimburse itself from liquidation proceeds for liquidation expenses
and
for amounts expended by it in good faith in connection with the
restoration of a damaged mortgaged property or manufactured home
and, in
the event deposited in the collection account and not previously
withheld,
and to the extent that liquidation proceeds after reimbursement
exceed the
outstanding principal balance of the loan, together with accrued
and
unpaid interest thereon to the due date for the loan next succeeding
the
date of its receipt of liquidation proceeds, to pay to itself out
of the
excess the amount of any unpaid servicing fee and any assumption
fees,
late payment charges, or other charges on the
loan;
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in
the event it has elected not to pay itself the servicing fee out
of the
interest component of any scheduled payment, late payment or other
recovery with respect to a particular loan prior to the deposit
of the
scheduled payment, late payment or recovery into the collection
account,
to pay to itself the servicing fee, as adjusted under the servicing
agreement, from any scheduled payment, late payment or other recovery,
to
the extent permitted by the servicing agreement;
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to
reimburse itself for expenses incurred by and recoverable by or
reimbursable to it; to pay to the applicable person with respect
to each
"REO property," a primary asset or mortgaged property acquired
through or
in lieu of foreclosure acquired in respect thereof that has been
repurchased or removed from the trust fund by the related depositor,
the
servicer or the sponsor, all amounts received thereon and not distributed
as of the date on which the repurchase price was
determined;
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to
make payments to the trustee for deposit into the distribution
account, if
any, or for remittance to the holders in the amounts and in the
manner
provided for in the servicing agreement; and
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executes
and delivers to the trustee an agreement under which it assumes
the
obligations to act as servicer.
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the
amount of principal distributed to the security holders and the
outstanding principal balance of the securities following the
distribution,
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the
amount of interest distributed to the security holders and the
current
interest on the securities,
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the
amounts of (a) any overdue accrued interest included in the distribution,
(b) any remaining overdue accrued interest with respect to the
securities
or (c) any current shortfall in amounts to be distributed as accrued
interest to security holders, the amounts of (a) any overdue payments
of
scheduled principal included in the distribution, (b) any remaining
overdue principal amounts with respect to the securities, (c) any
current
shortfall in receipt of scheduled principal payments on the primary
assets
unscheduled payments of principal received on the primary assets
(d) the
aggregate amount of scheduled and unscheduled payments of principal
received on the primary assets or (e) any realized losses or liquidation
proceeds to be allocated as reductions in the outstanding principal
balances of the securities,
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the
amount received from credit enhancement as described in Item 1114
of
Regulation AB, and the remaining amount available under any credit
enhancement, with an identification of the general purpose of such
payments and the party receiving such
payments,
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the
book value of any primary assets or mortgaged properties acquired
through
or in lieu of foreclosure acquired by the
trust,
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the
aggregate principal balance and weighted average mortgage rate
of the
mortgage loans or, if applicable, subsequent
loans,
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any
applicable record dates, accrual dates, determination dates for
calculating distributions and actual distribution dates for the
distribution period,
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cash
flows received and the sources thereof for distributions, fees
and
expenses (including portfolio yield, if
applicable),
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· |
fees
or expenses accrued and paid, with an identification of the general
purpose of such fees and the party receiving such fees or
expenses,
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· |
beginning
and ending balances of any applicable transaction accounts, such
as
reserve accounts, and material account activity during the
period.
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· |
number
and amount of pool assets at the beginning and ending of each period,
and
updated pool composition information, such as weighted average
coupon,
weighted average life, weighted average remaining term, pool factors
and
prepayment amounts,
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· |
information
on the amount, terms and general purpose of any advances made or
reimbursed during the period, including the general use of funds
advanced
and the general source of funds for
reimbursements,
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· |
any
material modifications, extensions or waivers to pool asset terms,
fees,
penalties or payments during the distribution period or that have
cumulatively become material over
time,
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· |
information
on ratio, coverage or other tests used for determining any early
amortization, liquidation or other performance trigger and whether
the
trigger was met, and
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· |
information
regarding any new issuance of asset-backed securities backed by
the same
asset pool, any pool asset changes (other than in connection with
a pool
asset converting into cash in accordance with its terms), such
as
additions or removals in connection with a prefunding or revolving
period
and pool asset substitutions and repurchases (and purchase rates,
if
applicable), and cash flows available for future purchases, such
as the
balances of any prefunding or revolving accounts, if applicable;
provided,
however, that such information regarding the prefunding period
would be
disclosed only to the extent that material changes occurred to
the pool
during the prefunding period. Also, any material changes in the
solicitation, credit-granting, underwriting, origination, acquisition
or
pool selection criteria or procedures, as applicable, used to originate,
acquire or select the new pool assets would be
disclosed.
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· |
any
failure by the servicer to deposit any required amounts in the
collection
account, which failure continues unremedied for a specified period
after
the giving of written notice of the failure to the
servicer,
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· |
any
failure by the servicer duly to observe or perform in any material
respect
any other of its covenants or agreements in the applicable servicing
agreement which continues unremedied for the number of days specified
in
the prospectus supplement after the giving of written notice of
the
failure to the servicer by the trustee, or to the servicer and
the trustee
by the holders of the series evidencing not less than a specified
percentage of the aggregate voting rights of the securities for
that
series, and
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· |
events
of insolvency, readjustment of debt, marshalling of assets and
liabilities
or similar proceedings and actions by the servicer indicating its
insolvency, reorganization or inability to pay its
obligations.
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· |
a
default in the payment of any principal or interest on any bond,
which
continues for a specified period of
time;
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· |
failure
to perform any other covenant of the issuing entity in the indenture
which
continues for a specified period of time after notice is given;
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· |
any
representation or warranty made by the issuing entity in the indenture
having been incorrect in a material respect as of the time made,
and the
breach is not cured within a specified period of time after notice
is
given; or
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· |
securities
representing interests in a grantor trust which the related depositor
will
covenant not to elect to have treated as a REMIC;
|
· |
securities
representing interests in a trust, or a portion thereof, which
the related
depositor will covenant to elect to have treated as a REMIC under
sections
860A through 860G;
|
· |
securities
that are intended to be treated for federal income tax purposes
as
indebtedness secured by the underlying loans; and
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· |
securities
representing interests in a trust that is intended to be treated
as a
partnership under the Code.
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· |
a
pension or other employee benefit plan of employers in the private
sector
that is regulated under ERISA, referred to as an ERISA plan,
|
· |
an
individual retirement account or annuity, called an IRA, or a pension
or
other benefit plan for self-employed individuals, called a Keogh
plan,
|
· |
a
pension and other benefit plan for the employees of state and local
governments, called a government plan,
or
|
· |
an
insurance company general or separate account, a bank collective
investment fund or other pooled investment vehicle which includes
the
assets of ERISA plans, IRAs, Keogh plans, and/or government plans.
|
· |
PTCE
84-14, which exempts certain transactions approved on behalf of
the plan
by a qualified professional asset manager, or QPAM.
|
· |
PTCE
90-1, which exempts certain transactions entered into by insurance
company
pooled separate accounts in which plans have made
investments.
|
· |
PTCE
91-38, which exempts certain transactions entered into by bank
collective
investment funds in which plans have made investments.
|
· |
PTCE
96-23, which exempts certain transactions approved on behalf of
a plan by
an in-house investment manager, or
INHAM.
|
· |
the
acquisition of the securities by a plan is on terms, including
the price
for the securities, that are at least as favorable to the plan
as they
would be in an arm's-length transaction with an unrelated
party;
|
· |
the
rights and interests evidenced by the securities acquired by the
plan are
not subordinated to the rights and interests evidenced by other
securities
of the trust, other than in the case of a "designated transaction",
as
defined below;
|
· |
the
securities acquired by the plan have received a rating at the time
of the
acquisition that is one of the three (or in the case of a designated
transaction, four) highest generic rating categories from Standard
&
Poor's, a division of the McGraw-Hill Companies, Inc., Moody's
Investors
Service, Inc., or Fitch Ratings (hereinafter called the Rating
Agencies);
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· |
the
trustee of the trust is not an affiliate of the trust sponsor,
any
servicer, any insurer, any swap counterparty or any obligor with
respect
to obligations or receivables constituting more than 5% of the
aggregate
unamortized principal balance of the assets in the trust, determined
on
the date of initial issuance of securities, or any affiliate of
any of
these entities;
|
· |
the
sum of all payments made to and retained by the underwriters in
connection
with the distribution of the securities represents not more than
reasonable compensation for underwriting the securities; the sum
of all
payments made to and retained by the originators and the sponsor
in
exchange for the assignment of the loans to the trust estate represents
not more than the fair market value of the loans; the sum of all
payments
made to and retained by any servicer represents not more than reasonable
compensation for that person's services under the pooling and servicing
agreement and reimbursement of that person's reasonable
expenses;
|
· |
the
plan investing in the securities is an "accredited investor" as
defined in
Rule 501(a)(1) of Regulation D of the Securities and Exchange Commission
under the Securities Act of 1933; and
|
· |
in
the event that all of the obligations used to fund the trust have
not been
transferred to the trust on the closing date, additional obligations
of
the types specified in the prospectus supplement and/or pooling
and
servicing agreement having an aggregate value equal to no more
than 25% of
the total principal amount of the securities being offered by the
trust
may be transferred to the trust, in exchange for amounts credited
to the
account funding the additional obligations, within a funding period
of no
longer than 90 days or 3 months following the closing date. Described
below are additional conditions relating to the use of pre-funding
accounts.
|
· |
the
corpus of the trust estate must consist solely of assets of the
type that
have been included in other investment pools;
|
· |
securities
in the other investment pools must have been rated in one of the
three
highest rating categories (or, in the case of a designated transaction,
four) of the Rating Agencies for at least one year prior to the
plan's
acquisition of securities; and
|
· |
securities
evidencing interests in other investment pools must have been purchased
by
investors other than plans for at least one year prior to the plan's
acquisition of securities.
|
· |
The
ratio of the amount allocated to the pre-funding account to the
total
principal amount of the securities being offered must be less than
or
equal to 25%.
|
· |
All
additional obligations transferred to the trust after the closing
date of
the offering of securities must meet the same terms and conditions
of
eligibility for inclusion in the trust as the obligations placed
in the
trust at or prior to the closing date, and these terms and conditions
must
have been approved by the Rating Agencies. These terms and conditions
may
be changed if the changes receive prior approval of either a Rating
Agency
or a majority vote of outstanding certificate
holders.
|
· |
After
the transfer of additional obligations to the trust, the securities
must
have a credit rating from one of the Rating Agencies at least as
high as
the rating assigned at the time of the initial issuance of the
securities.
|
· |
The
use of pre-funding does not, in and of itself, cause a reduction
of 100
basis points or more in the weighted average annual percentage
interest
rate of all of the obligations included in the trust between the
time of
initial issuance of the securities and the end of the pre-funding
period.
|
· |
Either
the characteristics of the obligations added to the trust during
the
pre-funding period must be monitored by an independent insurer
or other
independent credit support provider, or an independent accountant
must
furnish a letter, prepared using the same type of procedures as
were
applicable to the obligations which were transferred to the trust
as of
the closing date of the initial offering of securities, stating
whether or
not the characteristics of the additional obligations conform to
the
characteristics described in the prospectus or prospectus
supplement.
|
· |
The
pre-funding period must end no later than three months, or 90 days
if
later, after the closing date of the initial issuance of securities,
or
earlier in certain circumstances if the unused balance in the pre-funding
account falls below a specified minimum level or an event of default
occurs.
|
· |
Amounts
transferred to any pre-funding account and/or capitalized interest
account
used in connection with the pre-funding may be invested only in
investments which are described in the pooling and servicing agreement,
are permitted by the Rating Agencies rating the securities and
have been
rated, or the obligor has been rated, in one of the three highest
generic
rating categories by one of the Rating Agencies or else are either
direct
obligations of, or obligations fully guaranteed as to timely payment
of
principal and interest by, the United States or any agency or
instrumentality thereof, provided that such obligations are backed
by the
full faith and credit of the United
States.
|
· |
The
trustee, or any agent with which the trustee contracts to provide
trust
services, must be a substantial financial institution or trust
company
experienced in trust activities and familiar with its duties,
responsibilities and liabilities with ERISA and the trustee, as
legal
owner of the assets of the trust, must enforce all the rights created
in
favor of securityholders of the trust, including ERISA plans.
|
This ‘424B5’ Filing | Date | Other Filings | ||
---|---|---|---|---|
8/1/37 | ||||
5/25/37 | ||||
5/25/36 | ||||
5/25/35 | ||||
5/25/34 | ||||
5/25/33 | ||||
5/25/32 | ||||
5/25/31 | ||||
5/25/30 | ||||
5/25/29 | ||||
5/25/28 | ||||
5/25/27 | ||||
5/25/26 | ||||
5/25/25 | ||||
5/25/24 | ||||
5/25/23 | ||||
5/25/22 | ||||
5/25/21 | ||||
5/25/20 | ||||
5/25/19 | ||||
5/25/18 | ||||
5/25/17 | ||||
5/25/16 | ||||
5/25/15 | ||||
5/25/14 | ||||
5/25/13 | ||||
5/25/12 | ||||
5/25/11 | ||||
5/25/10 | ||||
5/25/09 | ||||
5/25/08 | ||||
1/1/08 | ||||
8/31/07 | ||||
6/25/07 | 10-D | |||
Filed on: | 6/1/07 | 8-K | ||
5/25/07 | FWP | |||
5/24/07 | ||||
5/10/07 | ||||
5/9/07 | ||||
5/4/07 | ||||
5/1/07 | ||||
4/30/07 | ||||
4/25/07 | ||||
4/24/07 | 8-K | |||
4/11/07 | ||||
4/10/07 | ||||
4/2/07 | ||||
3/31/07 | ||||
2/20/07 | ||||
2/8/07 | ||||
2/6/07 | ||||
1/1/07 | ||||
12/31/06 | ||||
6/16/06 | S-3/A | |||
5/4/06 | ||||
1/1/06 | ||||
12/31/05 | ||||
5/12/05 | ||||
1/14/05 | ||||
12/31/04 | ||||
8/1/04 | ||||
4/8/04 | S-3 | |||
12/31/03 | ||||
10/29/03 | ||||
3/7/03 | ||||
12/31/02 | S-3 | |||
10/1/02 | ||||
12/1/98 | ||||
5/26/98 | ||||
4/23/98 | ||||
1/7/98 | ||||
12/3/97 | ||||
8/5/97 | ||||
5/8/97 | ||||
9/13/96 | ||||
5/16/96 | ||||
4/4/94 | ||||
12/23/92 | ||||
List all Filings |