Apr 15, 2005 10:57
SEMT 05-3 Marketing
FICO < 640
Collateral Summary Report
General Pool Characteristics |
Pool Size: $7,829,180.00 Total Orig. Bal.: $7,829,180.00 Loan Count: 10 Cutoff Date: 2005-04-01 Avg. Cut-Off Balance: $782,918.00 Avg. Orig. Balance: $782,918.00 % Conforming: 16.24% W.A. FICO: 599 W.A. Orig. LTV: 73.32% W.A. Cut-Off LTV: 73.32% Earliest Orig. Date: 2004-08-25 Latest Maturity Date: 2034-09-01 W.A. Gross Coupon: 4.3925% W.A. Net Coupon: 3.9967% W.A. Servicing Fee: 0.3794% W.A. Master Servicing Fee: 0.0165% W.A. Pass-Through Rate: W.A. Orig. Term: 305.2 months W.A. Rem. Term: 304.4 months W.A. Age: 0.8 months % OLTV over 80: 12.25% % OLTV over 95: 9.26% % OLTV over 100: 0.00% % with PMI: 0.00% % with LPMI: 0.00% % OLTV over 80 with PMI: 0.00% W.A. MI Coverage: W.A. MI Adjusted COLTV: 73.32% % Second Lien: 0.00% % with Prepay Penalty: 0.00% % Balloon: 0.00% Max. Zipcode Conc.: 38.32% W.A. Roll Term: 3.0 months W.A. Margin: 1.586% W.A. Initial Cap (ARMs): W.A. Interim Cap (ARMs): 6.000% W.A. Life Cap (ARMs): 7.607% W.A. Ceiling (ARMs): 12.000% W.A. Floor (ARMs): 1.586% |
Lien Position Percent |
1 100.00% |
Total: 100.00% |
Credit Score Percent |
600 - 649 71.44% 550 - 599 7.01 500 - 549 21.55 |
Total: 100.00% |
W.A.: 599 Lowest: 538 Highest: 638 |
Original Balance Percent |
100,001 - 200,000 2.55% 200,001 - 300,000 9.66 300,001 - 400,000 4.02 400,001 - 500,000 6.07 600,001 - 700,000 8.71 700,001 - 800,000 9.12 1,600,001 - 1,700,000 21.55 over 2,000,001 38.32 |
Total: 100.00% |
Average: $782,918.00 Lowest: $200,000.00 Highest: $3,000,000.00 |
Cut-Off Balance Percent |
100,001 - 200,000 2.55% 200,001 - 300,000 9.66 300,001 - 400,000 4.02 400,001 - 500,000 6.07 600,001 - 700,000 8.71 700,001 - 800,000 9.12 1,600,001 - 1,700,000 21.55 >= 2,000,001 38.32 |
Total: 100.00% |
Average: $782,918.00 Lowest: $200,000.00 Highest: $3,000,000.00 |
Coupon Percent |
3.501 - 3.750 8.71% 4.001 - 4.250 57.53 4.251 - 4.500 2.99 4.501 - 4.750 3.48 4.751 - 5.000 27.29 |
Total: 100.00% |
W.A.: 4.393% Lowest: 3.750% Highest: 4.875% |
PMI Providers Percent |
NONE 100.00% |
Total: 100.00% |
Product Type Percent |
1ML MO - 120 IO 57.53% 6ML MO - 120 IO 42.47 |
Total: 100.00% |
Index Percent |
1ML 57.53% 6ML 42.47 |
Total: 100.00% |
Loan Purpose Percent |
Refinance-Cashout 72.91% Purchase 27.09 |
Total: 100.00% |
Property Type Percent |
Single Family 49.49% PUD 41.80 PUD-Detached 8.71 |
Total: 100.00% |
Occupancy Status Percent |
Primary 87.75% Secondary 12.25 |
Total: 100.00% |
Documentation Percent |
Alternative Documentation 67.19% Asset Verification, No Income Verification 21.55 Full Documentation 8.71 Lite Documentation 2.55 |
Total: 100.00% |
State Percent |
Florida 41.80% California 25.57 New Jersey 9.12 Virginia 8.71 Kansas 6.07 Other 8.74 |
Total: 100.00% |
California Percent |
Northern California 15.73% Southern California 84.27 |
Total: 100.00% |
Zip Code Percent |
33469 38.32% 93108 21.55 07750 9.12 20152 8.71 66083 6.07 Other 16.24 |
Total: 100.00% |
Delinquency* Percent |
0-29 days 100.00% |
Total: 100.00% |
* MBA method |
OLTV Percent |
30.01 - 40.00 2.55% 40.01 - 50.00 3.48 50.01 - 60.00 21.55 60.01 - 70.00 13.14 70.01 - 80.00 47.03 80.01 - 90.00 2.99 90.01 - 100.00 9.26 |
Total: 100.00% |
W.A.: 73.32% Lowest: 33.23% Highest: 100.00% |
Cut-Off LTV Percent |
30.01 - 40.00 2.55% 40.01 - 50.00 3.48 50.01 - 60.00 21.55 60.01 - 70.00 13.14 70.01 - 80.00 47.03 80.01 - 90.00 2.99 90.01 - 100.00 9.26 |
Total: 100.00% |
W.A.: 73.32% Lowest: 33.23% Highest: 100.00% |
Prepayment Penalty Term Percent |
0 100.00% |
Total: 100.00% |
W.A.: 0.0 months Lowest: 0 months Highest: 0 months |
Original Term Percent |
300 91.29% 360 8.71 |
Total: 100.00% |
W.A.: 305.2 months Lowest: 300 months Highest: 360 months |
Cut-Off Remaining Term Percent |
295 - 300 91.29% 349 - 354 8.71 |
Total: 100.00% |
W.A.: 304.4 months Lowest: 299 months Highest: 353 months |
Cutoff Loan Age Percent |
0 69.64% 1 - 6 21.66 7 - 12 8.71 |
Total: 100.00% |
W.A.: 0.8 months Lowest: 0 months Highest: 7 months |
Gross Margin Percent |
1.500 57.53% 1.625 33.76 2.000 8.71 |
Total: 100.00% |
W.A.: 1.586% Lowest: 1.500% Highest: 2.000% |
Initial Cap (ARMs) Percent |
0.000 100.00% |
Total: 100.00% |
W.A.: 0.000% Lowest: 0.000% Highest: 0.000% |
Periodic Cap (ARMs) Percent |
0.000 91.29% 6.000 8.71 |
Total: 100.00% |
W.A.: 0.522% Lowest: 0.000% Highest: 6.000% |
Maximum Rate (ARMs) Percent |
11.001 - 12.000 100.00% |
Total: 100.00% |
W.A.: 12.000% Lowest: 12.000% Highest: 12.000% |
Remaining IO Term Percent |
109 - 114 8.71% 115 - 120 91.29 |
Total: 100.00% |
LookBack Days Percent |
25 8.71% 32 57.53 45 33.76 |
Total: 100.00% |
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