Centex Home Equity Loan Trust 2002-C Inactive
Filed: 9 Dec 02, 12:00am
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934, as amended
Date of Report (Date of earliest event reported): December 9, 2002
CHEC FUNDING, LLC
(Exact name of Registrant as Specified in Charter)
Delaware | 333-69800 | 75-2851805 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
2728 North Harwood Street, Dallas, Texas 75201
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code:(214) 981-5000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
Filing of Computational Materials.
Pursuant to Rule 424(b) under the Securities Act of 1933, as amended, CHEC Funding, LLC (the “Depositor”) will file a prospectus and prospectus supplement with the Securities and Exchange Commission relating to its Centex Home Equity Loan Trust 2002-D, Centex Home Equity Loan Asset-Backed Certificates, Series 2002-D (the “Certificates”).
In connection with the offering of the Certificates of the Depositor, Credit Suisse First Boston Corporation prepared certain materials (the “Computational Materials”) some or all of which were distributed by Credit Suisse First Boston Corporation, Banc of America Securities LLC, Greenwich Capital Markets, Inc. and Salomon Smith Barney Inc. (the “Underwriters”) to their potential investors. Although the Depositor provided the Underwriters with certain information regarding the characteristics of the Home Equity Loans in the related portfolio, it did not participate in the preparation of the Computational Materials. The Computational Materials are attached hereto as Exhibit 99.1. The legends of Banc of America Securities LLC, Greenwich Capital Markets, Inc. and Salomon Smith Barney Inc. placed on the Computational Materials are att ached hereto as Exhibit 99.2.
Item 7. Financial statements,Pro Forma Financial Information and Exhibits.
(c)
Exhibits
Exhibit No.
99.1
Computational Materials.
99.2
Legend of Banc of America Securities LLC, Greenwich Capital Markets
Inc. and Salomon Smith Barney Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CHEC FUNDING, LLC
By: /s/ Jeffrey B. Upperman
Name:
Jeffrey B. Upperman
Title:
Vice President
Date: December 9, 2002
EXHIBIT INDEX
Sequentially
Exhibit Number
Description
Numbered Page
99.1
Computational Materials
99.2
Underwriters’ Legends for
Computational Materials
Exhibit 99.1
SUBJECT TO REVISION
COMPUTATIONAL MATERIALS DATED DECEMBER 2, 2002
$600,000,000 (Approximate)
CENTEX
HOME EQUITY
CENTEX HOME EQUITY LOAN TRUST 2002-D
CENTEX HOME EQUITY LOAN ASSET-BACKED CERTIFICATES, SERIES 2002-D
CENTEX HOME EQUITY COMPANY, LLC
Originator & Servicer
CHEC FUNDING, LLC
Depositor
December 2, 2002
CREDIT | FIRST |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Disclaimer
By entering into a transaction with CSFB, you acknowledge that you have read and understood the following terms: CSFB is acting solely as an arm’s length contractual counterparty and not as your financial adviser or fiduciary unless it has agreed to so act in writing. Before entering into any transaction you should ensure that you fully understand its potential risks and rewards and independently determine that it is appropriate for you given your objectives, experience, financial and operational resources, and other relevant circumstances. You should consult with such advisers, as you deem necessary to assist you in making these determinations. You should also understand that CSFB or its affiliates may provide banking, credit and other financial services to any company or issuer of securities or financial instruments referred to herein, underwrite, make a market in, have positions in, or otherwise buy and sell securities or financial instruments which may be identical or economically similar to any transaction entered into with you. If we make a market in any security or financial instrument, it should not be assumed that we will continue to do so. Any indicative terms provided to you are provided for your information and do not constitute an offer, a solicitation of an offer, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise). Any indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by us or that have been expressly specified by you and do not constitute advice by us. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosure or ana lyses. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future. None of the employees or agents of CSFB or its affiliates is authorized to amend or supplement the terms of this notice, other than in the form of a written instrument, duly executed by an appropriately authorized signatory and countersigned by you.
Attached is a term sheet describing the structure, collateral pool and certain aspects of the Certificates. The term sheet has been prepared by CSFB for informational purposes only and is subject to modification or change. The information and assumptions contained therein are preliminary and will be superseded by a prospectus and prospectus supplement and by any other additional information subsequently filed with the Securities and Exchange Commission or incorporated by reference in the Registration Statement.
Neither Credit Suisse First Boston Corporation nor any of its respective affiliates makes any representation as to the accuracy or completeness of any of the information set forth in the attached Series Term Sheet.
A Registration Statement (including a prospectus) relating to the Certificates has been filed with the Securities and Exchange Commission and declared effective. The final Prospectus and Prospectus Supplement relating to the securities will be filed with the Securities and Exchange Commission after the securities have been priced and all of the terms and information are finalized. This communication is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Interested persons are referred to the final Prospectus and Prospectus Supplement to which the securities relate. Any investment decision should be based only upon the information in the final Prospectus and Prospectus Supplement as of their publication dates.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
$600,000,000 (approximate) Asset-Backed Certificates, Series 2002-D
To Maturity
Class(1) | Approx. Size(2) | Group | Type | Benchmark | Est. WAL (yrs)(3) | Est. Prin. Window (mos)(3) | Expected Final Maturity(3) | Stated Final Maturity | Expected Ratings (S&P/Moody’s/Fitch) |
AF-1 | 69,000,000 | I | FIX-SEQ | EDSF | 1.00 | 21 | Sep-04 | Mar-18 | AAA/Aaa/AAA |
AF-2 | 18,500,000 | I | FIX-SEQ | Swaps | 2.00 | 7 | Mar-05 | Jun-20 | AAA/Aaa/AAA |
AF-3 | 38,000,000 | I | FIX-SEQ | Swaps | 3.00 | 21 | Nov-06 | Oct-23 | AAA/Aaa/AAA |
AF-4 | 60,100,000 | I | FIX-SEQ | Swaps | 5.62 | 46 | Aug-10 | Nov-28 | AAA/Aaa/AAA |
AF-5 | 4,830,000 | I | FIX-SEQ | Swaps | 7.87 | 5 | Dec-10 | Dec-32 | AAA/Aaa/AAA |
AF-6 | 21,160,000 | I | FIX-NAS | Swaps | 6.06 | 52 | Oct-10 | Dec-32 | AAA/Aaa/AAA |
AV | 286,410,000 | II | FLT-PT | 1ML | 1.78 | 96 | Dec-10 | Dec-32 | AAA/Aaa/AAA |
M-1 | 45,000,000 | I & II | FLT-MEZ | 1ML | 5.57 | 68 | Oct-11 | Dec-32 | AA/Aa2/AA |
M-2 | 36,000,000 | I & II | FLT-MEZ | 1ML | 5.80 | 80 | Sep-12 | Dec-32 | A/A2/A |
B | 21,000,000 | I & II | FLT-SUB | 1ML | 6.04 | 89 | May-13 | Dec-32 | BBB/Baa2/BBB |
A-IO(4) | 189,036,000 | I & II | FIX-IO | N/A | 1.51 | N/A | Nov-05 | Dec-32 | AAA/Aaa/AAA |
To 20% Optional Termination
Class(1) | Approx. Size(2) | Group | Type | Benchmark | Est. WAL (yrs)(3) | Est. Prin. Window (mos)(3) | Expected Final Maturity(3) | Stated Final Maturity | Expected Ratings (S&P/Moody’s/Fitch) |
AF-4 | 60,100,000 | I | FIX-SEQ | Swaps | 5.00 | 18 | Apr-08 | Nov-28 | AAA/Aaa/AAA |
AF-5 | 4,830,000 | I | FIX-SEQ | Swaps | 5.37 | 1 | Apr-08 | Dec-32 | AAA/Aaa/AAA |
AF-6 | 21,160,000 | I | FIX-NAS | Swaps | 5.13 | 22 | Apr-08 | Dec-32 | AAA/Aaa/AAA |
AV | 286,410,000 | II | FLT-PT | 1ML | 1.70 | 64 | Apr-08 | Dec-32 | AAA/Aaa/AAA |
M-1 | 45,000,000 | I & II | FLT-MEZ | 1ML | 4.50 | 26 | Apr-08 | Dec-32 | AA/Aa2/AA |
M-2 | 36,000,000 | I & II | FLT-MEZ | 1ML | 4.45 | 27 | Apr-08 | Dec-32 | A/A2/A |
B | 21,000,000 | I & II | FLT-SUB | 1ML | 4.43 | 28 | Apr-08 | Dec-32 | BBB/Baa2/BBB |
Pricing Speed
Group I | 115% PPC 100% PPC assumes that prepayments start at 4% CPR in month one, increase by approximately 1.455% each month to 20% CPR in month twelve, and remain at 20% CPR thereafter. |
Group II: | 28% CPR |
(1)
The Certificates are subject to a 20% Optional Termination (as described herein). After the first Distribution Date on which the Optional Termination is exercisable, the coupon on the Class AF-4 and AF-5 Certificates will increase by 0.50%. All Certificates (other than the Class A-IO Certificates) are expected to be subject to an interest rate cap (as described herein).
(2)
The principal balance of each class of Certificates is subject to a +/– 5% variance.
(3)
See “Pricing Prepayment Speed” herein.
(4)
The Class A-IO Certificate does not have a certificate principal balance but will accrue interest at a rate of 5.00% per annum for 35 months on the Group I A-IO Component Notional Balance and at a rate of 4.00% per annum for 35 months on the Group II A-IO Component Notional Balance, each as described herein.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Preliminary Summary of Terms
Transaction: | Centex Home Equity Loan Trust 2002-D Asset-Backed Certificates, Series 2002-D | |||
Certificates Offered: | $211,590,000 Fixed Rate Certificates, plus an interest only Fixed Rate Certificate that accrues interest on a scheduled notional amount $388,410,000 Floating Rate Certificates (both subject to a variance of 5%) | |||
Depositor: | CHEC Funding, LLC | |||
Originator and Servicer: | Centex Home Equity Company, LLC | |||
Sellers: | Centex Home Equity Company, LLC Harwood Street Funding II, LLC | |||
Trustee: | JPMorgan Chase Bank | |||
Custodian: | Bank One Trust Company, N. A. | |||
Underwriters: | Credit Suisse First Boston (Lead Manager) Banc of America Securities LLC (Co-Manager) Greenwich Capital Markets, Inc. (Co-Manager) Salomon Smith Barney (Co-Manager) | |||
Expected Pricing Date: | December [5], 2002 | |||
Expected Settlement Date: | December 12, 2002 | |||
Distribution Date: | 25th of each month, or the next succeeding Business Day (First Payment Date: January 27, 2003) | |||
Cut-Off Date: | December 1, 2002 | |||
Statistical Calculation Date: | November 1, 2002 | |||
Delay Days: | 24 days on Class AF-1 through AF-6 Certificates and A-IO Certificates 0 days on Class AV Certificates, Class M-1, Class M-2 and Class B Certificates | |||
Day Count: | 30/360 on Class AF-1 through AF-6 Certificates and A-IO Certificates Actual/360 on Class AV Certificates, Class M-1, Class M-2, and Class B Certificates | |||
Accrued Interest: | Class AF-1 through AF-6 Certificates and Class A-IO Certificates settle with accrued interest from December 1, 2002 Class AV, Class M-1, Class M-2 and Class B Certificates settle flat (no accrued interest) | |||
Interest Accrual Period: | With respect to the Class AF-1 through AF-6 Certificates and Class A-IO Certificates, interest accrues during the month preceding the current Distribution Date. With respect to the Class AV, Class M-1, Class M-2 and Class B Certificates, interest accrues from the last Distribution Date through the day preceding the current Distribution Date | |||
Clearing: | DTC, Euroclear or Cedel | |||
SMMEA Eligibility: | None of the Certificates is expected to be SMMEA eligible | |||
ERISA Eligibility: | All Certificates are expected to be ERISA eligible | |||
Tax Status: | One or more REMICs for Federal income tax purposes | |||
Certificate Ratings: | The Certificates are expected to receive the following ratings from Standard & Poor's Ratings Service, a division of McGraw-Hill Companies, Inc., Moody's Investors Service, Inc. and Fitch Ratings: | |||
Class | S&P | Moody’s | Fitch | |
AF-1 | AAA | Aaa | AAA | |
AF-2 | AAA | Aaa | AAA | |
AF-3 | AAA | Aaa | AAA | |
AF-4 | AAA | Aaa | AAA | |
AF-5 | AAA | Aaa | AAA | |
AF-6 | AAA | Aaa | AAA | |
AV | AAA | Aaa | AAA | |
M-1 | AA | Aa2 | AA | |
M-2 | A | A2 | A | |
B | BBB | Baa2 | BBB | |
A-I0 | AAA | Aaa | AAA | |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Optional Termination: | The entire transaction is eligible for call when the combined outstanding principal balance of the Group I and Group II mortgage loans reaches 20% or less of the Cut-Off Date principal balance of such loans, provided the Class A-IO Certificates are not outstanding. |
– Auction Sale | If the Optional Termination is not exercised on the first Distribution Date on which it could have been exercised, on the next Distribution Date the Trustee will begin an auction process to sell the home equity loans and other assets of the trust. The Trustee will sell the home equity loans and other assets of the trust if the amounts that will be received from the Auction Sale will be equal to the greater of (a) the sum of (i) the outstanding principal balance of the home equity loans (other than those referred to in clause (ii) below), including accrued interest thereon, and (ii) for REO property and home equity loans as to which foreclosure proceedings h ave been initiated or are otherwise 120 days or more delinquent, the fair market value of such REO property and home equity loans (disregarding accrued interest thereon) and (b) the sum of the outstanding Certificate principal balance, accrued and unpaid interest thereon, unreimbursed servicing advances, delinquency advances and compensating interest, and any delinquency advances the Servicer has failed to remit, other than carryover amounts. |
– Step-up Coupon | If the Optional Termination is not exercised on the first Distribution Date on which it could have been exercised, the certificate rate on the Class AF-4 and Class AF-5 Certificates is increased by 0.50%. |
– “Full Turbo” | In addition, beginning on the third Distribution Date after the first date on which the Optional Termination could have been exercised, amounts that otherwise would have been paid to the residual will be applied as principal to pay the Certificates in the following order of priority: (1) on a pro rata basis, by outstanding principal balance, amongst the Group I and Group II Senior Certificates until each group of Senior Certificates is reduced to zero, and within the Group I Senior Certificates, first to (a) the Class AF-6 Certificates, their pro rata portion of allocable Group I principal in accordance with the Class AF-6 Lockout Percentage until the class ’s principal balance is reduced to zero and second (b) sequentially to the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5 and Class AF-6 Certificates, in that order, until each class principal balance is reduced to zero, and (2) sequentially to the Subordinate Certificates until each class principal balance is reduced to zero. |
Credit Enhancement: | * Excess interest * Initially, the overcollateralization amount will equal zero and beginning on the sixth Distribution Date will build to 2.50% of the original collateral balance via the application of excess interest; the overcollateralization level may stepdown over time(1) * Subordination of the Class M-1, M-2 and B Certificates * Cross-collateralization: excess interest from one loan group will be available to fund interest shortfalls, cover losses and build overcollateralization for the benefit of the other loan group |
(1)
The level of overcollateralization is subject to final rating agency approval.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Credit Enhancement Percentages: | Target Percentages | Stepdown Percentages | ||
Tranche | Percent | Tranche | Percent | |
Senior | [19.50]% | Senior | [39.00]% | |
Class M-1 | [12.00]% | Class M-1 | [24.00]% | |
Class M-2 | [6.00]% | Class M-2 | [12.00]% | |
Class B | [2.50]% | Class B | [5.00]% | |
On any Distribution Date, the Senior Enhancement Percentage will equal (i) the sum of (a) the principal balance of the Subordinate Certificates and (b) the Overcollateralization Amount, divided by (ii) the outstanding collateral balance. | ||||
Senior Certificates: | Class AF-1 through Class AF-6 Certificates, A-IO and AV Certificates | |||
Class A-IO Certificate: | Collectively, the Group I A-IO component and the Group II A-IO component. The notional amount of each A-IO component will be equal to the lesser of (i) the aggregate principal balance of the loans in the related group and (ii) the notional amount specified in the schedule set forth under “Class A-IO Notional Amount” below. The Group I A-IO component and the Group II A-IO component may not be traded separately. | |||
Group I Certificates: | Class AF-1 through Class AF-6 Certificates and the Group I A-IO component (backed primarily by the fixed rate loans) | |||
Group II Certificates: | Class AV Certificates and the Group II A-IO component (backed primarily by the adjustable rate loans) | |||
Subordinate Certificates: | Class M-1, Class M-2 and Class B Certificates | |||
Fixed Rate Certificates: | Class AF-1 through Class AF-6 Certificates and Class A-IO Certificates | |||
Floating Rate Certificates: | Class AV, M-1, M-2 and B Certificates | |||
Due Period: | The calendar month preceding the calendar month in which the related Distribution Date occurs. | |||
Principal Distribution Amount: | On any Distribution Date, the lesser of (i) aggregate outstanding certificate principal balance (other than the Class A-IO Certificates) and (ii) aggregate principal collections on the loans minus any excess OC amount plus (a) the Subordination Increase Amount and (b) with respect to the first five Distribution Dates to the extent of available excess interest, an amount equal to the amount of any realized losses that would otherwise be allocated to the Subordinate Certificates on such Distribution Date. | |||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Senior Principal Distribution Amount: | Prior to the Stepdown Date or while a Trigger Event is in effect, the Senior Principal Distribution Amount will equal 100% of the Principal Distribution Amount. On or after the Stepdown Date assuming the Trigger Event is not in effect, the Senior Principal Distribution Amount will equal the lesser of (i) the Principal Distribution Amount and (ii) the excess of the outstanding principal balance of the Senior Certificates (other than the Class A-IO Certificates) over the lesser of (a) approximately 61.0% times the outstanding collateral balance and (b) the outstanding collateral balance minus the OC Floor amount. The remaining principal amount, if any, will be allocated to the Subordinate Certificates to maintain their respective Stepdown Percentages. | |
Group I Principal Distribution Amount: | On any Distribution Date, the Group I Certificates (other than the Group I A-IO component) will receive the greater of (i) the Fixed Allocation Percentage times the Senior Principal Distribution Amount; (ii) the Group I Parity Amount; and (iii) the difference between (a) the Senior Principal Distribution Amount and (b) the principal balance of the Class AV Certificates immediately prior to the applicable Distribution Date, such amount being the “Group I Principal Distribution Amount”. TheFixed Allocation Percentage is a fraction equal to (i) the excess of (a) the fixed rate collateral balance at the beginning of the related Due Period over (b) the fixed rate collateral balance at the end of the related Due Period over (ii) the difference between (a) aggregate collateral balance at the beginning of the related Due Period and (b) the aggregate collateral balance at the end of the related Due Period TheGroup I Parity Amount equals the greater of (i) zero, and (ii) the difference between (a) the principal balance of the Group I Certificates (other than the Group I A-IO component) immediately prior to the applicable Distribution Date and (b) the fixed rate collateral balance at the end of the related Due Period. | |
Class AF-6 Principal Distribution Amount: | On any Distribution Date, the Class AF-6 Principal Distribution Amount is equal to the Class AF-6 Lockout Percentage multiplied by the Class AF-6 pro-rata allocation of the Group I Principal Distribution Amount. The Class AF-6 Lockout Percentage is equal to the following: | |
Distribution Dates | Class AF-6 Lockout Percentage | |
1–36 | 0% | |
37–60 | 45% | |
61–72 | 80% | |
73–84 | 100% | |
85 and thereafter | 300% | |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Group II Principal Distribution Amount: | On any Distribution Date, the Group II Certificates (other than the Group II A-IO component) will receive the excess of (i) the Senior Principal Distribution Amount over (ii) the Group I Principal Distribution Amount. |
Certificate Rate: | Each of the Class AF-1 through AF-6 Certificates will bear interest at a fixed rate, equal to the lesser of (i) its applicable fixed rate of interest and (ii) the Group I Net WAC Cap. The Class AV Certificates will bear interest at a rate that adjusts monthly, equal to the lesser of (i) one-month LIBOR, plus the applicable margin (the “Formula Rate”) and (ii) the Group II Net WAC Cap. Each class of Subordinate Certificates will bear interest at a rate that adjusts monthly, equal to the lesser of (i) the applicable Formula Rate and (ii) the Subordinate Net WAC Cap. |
Group I Net WAC Cap: | As to any Distribution Date, other than the first Distribution Date, the Group I Certificates (other than the Group I A-IO component) will be subject to the Group I Net WAC Cap, which will be equal to the weighted average loan rate of the Group I home equity loans less (i) the servicing fee, (ii) the trustee fee and (iii) the product of (a) 5.00% per annum and (b) a fraction, the numerator of which is the Group I A-IO component notional amount for that period and the denominator of which is the Group I loan principal balance as of the beginning of that period. |
Group II Net WAC Cap: | As to the first Distribution Date and the Class AV Certificates, the Group II Net WAC Cap is a per annum rate equal to a fraction, the numerator of which is the amount of all interest received on the Group II home equity loans for the related Due Period less the trustee fee, servicing fee and interest payable on the Group II A-IO component on such Distribution Date and the denominator of which is the certificate principal balance of such class immediately prior to such Distribution Date. As to any Distribution Date (other than the first Distribution Date) and the Class AV Certificates, the Group II Net WAC Cap is equal to the product of (i) the weighted ave rage loan rate of the Group II home equity loans less (a) the servicing fee, (b) the trustee fee and (c) the product of (x) 4.00% and (y) a fraction, the numerator of which is the Group II A-IO component notional amount for that period and the denominator of which is the Group II loan principal balance as of the beginning of that period and (ii) 30 divided by the number of days in the related accrual period. |
Subordinate Net WAC Cap: | With respect to any Distribution Date, the Subordinate Net WAC Cap is a per annum rate equal to the weighted average of the Group I Net WAC Cap and the Group II Net WAC Cap, weighted on the basis of the related Group Subordinate Amount for such Distribution Date and adjusted to reflect an actual/360 day count convention. The “Group Subordinate Amount” for each group and any Distribution Date is the excess of the aggregate collateral balance for such group for the immediately preceding Distribution Date over the aggregate certificate principal balance of the Senior Certificates of such group immediately prior to such Distribution Date. |
Group I Net WAC Cap Carryover: | As to any Distribution Date, following the first Distribution Date, and the Group I Certificates (other than the Group I A-IO component), the sum of (a) the excess, if any, of the related class monthly interest amount, calculated at the applicable certificate rate without regard to the Group I Net WAC Cap, over the class monthly interest amount for the applicable Distribution Date, (b) any Group I Net WAC Cap Carryover remaining unpaid from prior Distribution Dates and (c) one month's interest on the amount in clause (b) calculated at the applicable certificate rate without regard to the Group I Net WAC Cap. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Group II Net WAC Cap Carryover: | As to any Distribution Date of the Group II Certificates (other than the Group II A-IO component), the sum of (a) the excess, if any, of the amount payable under the related Formula Rate over the related class monthly interest amount for the related class and Distribution Date, (b) any Group II Net WAC Carryover remaining unpaid from prior Distribution Dates and (c) one month’s interest on the amount in clause (b) calculated at the related Formula Rate. |
Subordinate Net WAC Cap Carryover: | As to any Distribution Date of the Subordinate Certificates, the sum of (a) the excess, if any, of the amount payable under the related Formula Rate over the related class monthly interest amount for the related class and Distribution Date, (b) any Subordinate Net WAC Carryover remaining unpaid from prior Distribution Dates and (c) one month’s interest on the amount in clause (b) calculated at the related Formula Rate. |
Class Principal Carryover Shortfall: | As to any class of Subordinate Certificates and any Distribution Date, the excess, if any, of (i) the sum of (x) the amount of the reduction in the certificate principal balance of that class of Subordinate Certificates on such Distribution Date as a result of realized loss amounts and (y) the amount of such reductions on prior Distribution Dates over (ii) the amount distributed in respect of the Class Principal Carryover Shortfall to such class of Subordinate Certificates on prior Distribution Dates. |
Class Interest Carryover Shortfall: | As to any class of Certificates and any Distribution Date, an amount equal to the sum of (1) the excess of the related class monthly interest amount for the preceding Distribution Date and any outstanding Class Interest Carryover Shortfall with respect to that class on the preceding Distribution Dates, over the amount in respect of interest that is actually distributed to the holders of the class on the preceding Distribution Date plus (2) one month's interest on the excess, to the extent permitted by law, at the related certificate rate. |
Subordination Increase Amount: | With respect to the first five Distribution Dates, zero, and as to each subsequent Distribution Date, the lesser of (i) the target overcollateralization amount minus the actual overcollateralization amount and (ii) excess interest that can be applied to repay the outstanding certificate principal balance. |
OC Floor: | 0.50% of the Cut-Off Date collateral balance |
Stepdown Date: | The later to occur of (i) the earlier to occur of (a) the 37th Distribution Date and (b) the Distribution Date after which the certificate principal balances of the Senior Certificates have been reduced to zero and (ii) the first Distribution Date on which the Senior Enhancement Percentage (after taking into account distributions of principal on such Distribution Date) is at least equal to [39.00]%. |
OC Spread Holiday: | The overcollateralization amount will equal zero at closing through and including the fifth Distribution Date. During the five month OC Spread Holiday, excess interest will be subordinated to cover realized losses, but otherwise will not be applied to repay the outstanding Certificate principal balance and will instead flow to the holder of the residual interest. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Delinquency Advances: | The Servicer will advance unpaid interest to the trust out of its own funds or out of collections on the home equity loans that are not required to be distributed on the related Distribution Date, as long as it deems the amount to be recoverable. The Servicer is entitled to be reimbursed by the trust for any delinquency advances from the related home equity loan and, if the delinquency advance becomes a non-recoverable advance, from collections on all the home equity loans prior to any distributions to holders of Certificates. | |
Servicing Advances: | The Servicer will pay all out of pocket costs related to its servicing obligations, including, but not limited to: (a) expenses in connection with a foreclosed home equity loan prior to the liquidation of that loan, (b) the costs of any judicial proceedings, including foreclosures and (c) the cost of managing and liquidating property acquired in relation to the loans, as long as it deems the costs to be recoverable. The Servicer is entitled to be reimbursed by the trust for any servicing advances from the liquidation proceeds realized upon the liquidation of the related home equity loan prior to any distributions to holders of Certificates. | |
Compensating Interest: | The Servicer will be required to remit any interest shortfalls due to the receipt of less than thirty days of accrued interest with a full prepayment up to the amount of the aggregate servicing fee for the related period and has rights to reimbursement from all home equity loans of both home equity loan groups to the extent funds are available after making other required distributions on the related Distribution Date. | |
Trigger Event: | Occurs if (a) the three-month rolling average of all loans that are 60+ days delinquent exceeds [41]% of the Senior Enhancement Percentage. 60+ delinquent loans includes the sum of all loans that are (i) 60+ days delinquent, (ii) in foreclosure, (iii) in REO and (iv) in bankruptcy and are 60+ days delinquent; or (b) the aggregate amount of realized losses incurred since the Cut-Off Date through the last day of such preceding collection period divided by the Cut-Off Date collateral balance exceeds the applicable percentages set forth below with respect to such Distribution Date: | |
Distribution Date | Percentage | |
January 25, 2006 to December 25, 2006: | [3.25]% for the first month, plus an additional 1/12th of 2.00% for each month thereafter. | |
January 25, 2007 to December 25, 2007: | [5.25]% for the first month, plus an additional 1/12th of 1.50% for each month thereafter. | |
January 25, 2008 to December 25, 2008: | [6.75]% for the first month, plus an additional 1/12th of 0.75% for each month thereafter. | |
January 25, 2009 to December 25, 2009: | [7.50]% for the first month, plus an additional 1/12th of 0.25% for each month thereafter. | |
January 25, 2010 and thereafter: | [7.75]% | |
If the trigger event is violated, the required overcollateralization amount will not be allowed to step down and will be equal to the previous period’s required overcollateralization amount. | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Distributions: | A. Funds received with respect to Home Equity Loan Group I will be applied as follows: 1. To the Trustee, the Trustee Fee for the related Group and Distribution Date; 2. To the Group I Certificates, pro rata, to pay accrued interest and any Class Interest Carryover Shortfalls for such Distribution Date; 3. The remaining amounts pursuant to clause C. below. B. Funds received with respect to Home Equity Loan Group II will be applied as follows: 1. To the Trustee, the Trustee Fee for the related Group and Distribution Date; 2. To the Group II Certificates, pro rata, to pay accrued interest and Class Interest Carryover Shortfalls for such Distribution Date; 3. The remaining amounts pursuant to clause C. below. C. The remaining amounts not applied pursuant to A. or B. above will be applied as follows: 1. Concurrently, to the Senior Certificates in both certificate groups, pro-rata, interest to the extent not paid pursuant to clauses A. and B. above on the applicable Distribution Date. 2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, accrued interest for the applicable Distribution Date. 3. To the Senior Certificates (other than the Class A-IO Certificates), the Senior Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount, concurrently as follows: (i) To the Group I Certificates, the Group I Principal Distribution Amount in the following order of priority: (a) to the Class AF-6 Certificates, an amount equal to the Class AF-6 Principal Distribution Amount; and (b) sequentially, to the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, and Class AF-6 Certificates, in that order, until the respective class principal balances of such Certificates have been reduced to zero. (ii) To the Class AV Certificates, the Group II Principal Distribution Amount until the principal balance of such Certificates has been reduced to zero. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Distributions (continued): | 4. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount. 5. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount. 6. To the Class B Certificates, the Class B Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount. 7. To the offered Certificates (other than the Class A-IO Certificates), the Subordination Increase Amount as principal for the applicable Distribution Date, allocated in the manner and order of priority set forth in clauses 3, 4, 5, and 6 of clause C, above. 8. To the Class M-1 Certificates, (i) any Class Interest Carryover Shortfall and then (ii) any Class Principal Carryover Shortfall. 9. To the Class M-2 Certificates, (i) any Class Interest Carryover Shortfall and then (ii) any Class Principal Carryover Shortfall. 10. To the Class B Certificates, (i) any Class Interest Carryover Shortfall and then (ii) any Class Principal Carryover Shortfall. 11.To the Supplemental Interest Reserve Fund for subsequent distribution in accordance with priorities 12 and 13. 12. Concurrently, (i) to the Group I Certificates (other than the Group I A-IO component), pro-rata, a payment to the extent of any unpaid Group I Net WAC Cap Carryover from the Supplemental Interest Reserve Fund with respect to Group I and (ii) to the Class AV Certificates, the related Group II Net WAC Cap Carryover from the Supplemental Interest Reserve Fund with respect to Group II. 13. Sequentially to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Subordinate Net WAC Cap Carryover from the Supplemental Interest Reserve Fund. 14.To the Trustee as reimbursement for all reimbursable expenses incurred in connection with its duties and obligations under the pooling and servicing agreement to the extent not paid pursuant to clauses A.1 and B.1 above. 15. To the Servicer to the extent of any unreimbursed Delinquency Advances, unreimbursed Servicing Advances and unreimbursed compensating interest. 16. To the holder of the residual interest, any remaining amount. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Class M-1 Principal Distribution Amount: | (i) Prior to the Stepdown Date and on any Distribution Date thereafter on which the Trigger Event is in effect, zero if any of the Senior Certificates remain outstanding; 100% of the Principal Distribution Amount if the Senior Certificates have been reduced to zero; (ii) following the Stepdown Date and to the extent the Trigger Event is not in effect, the excess of (i) the sum of (a) the aggregate outstanding principal balance of the Senior Certificates after distribution of the Senior Principal Distribution Amount on the related Distribution Date and (b) the outstanding balance of the Class M-1 Certificates immediately prior to the related Distribution Date over (ii) the lesser of (a) approximately 76.0% of the outstanding collateral balance on the last day of the related Due Period and (b) the outstanding collateral balance on the last day of the related Due Period minus the OC Floor. |
Class M-2 Principal Distribution Amount: | (i) Prior to the Stepdown Date and on any Distribution Date thereafter on which the Trigger Event is in effect, zero if any of the Senior or Class M-1 Certificates remain outstanding; 100% of the Principal Distribution Amount if the Senior and Class M-1 Certificates have been reduced to zero; (ii) following the Stepdown Date and to the extent the Trigger Event is not in effect, the excess of (i) the sum of (a) the aggregate outstanding principal balance of the Senior and Class M-1 Certificates after distribution of the Senior and Class M-1 Principal Distribution Amounts, respectively, on the related Distribution Date and (b) the outstanding balance of the Class M - -2 Certificates immediately prior to the related Distribution Date over (ii) the lesser of (a) approximately 88.0% of the outstanding collateral balance on the last day of the related Due Period and (b) the outstanding collateral balance on the last day of the related Due Period minus the OC Floor. |
Class B Principal Distribution Amount: | (i) Prior to the Stepdown Date and on any Distribution Date thereafter on which the Trigger Event is in effect, zero if any of the Senior, Class M-1 or Class M-2 Certificates remain outstanding; 100% of the Principal Distribution Amount if the Senior Certificates and Class M-1 and Class M-2 Certificates have been reduced to zero; (ii) following the Stepdown Date and to the extent the Trigger Event is not in effect, the excess of (i) the sum of (a) the aggregate outstanding principal balance of the Senior, Class M-1 and Class M-2 Certificates after distribution of the Senior, Class M-1 and Class M-2 Principal Distribution Amounts, respectively, on the relate d Distribution Date and (b) the outstanding balance of the Class B Certificates immediately prior to the related Distribution Date over (ii) the lesser of (a) approximately 95.0% of the outstanding collateral balance on the last day of the related Due Period and (b) the outstanding collateral balance on the last day of the related Due Period minus the OC Floor. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Class A-IO Notional Amount: | The Class A-IO Certificate does not have a certificate principal balance but will accrue interest at a rate of 5.00% per annum on the Group I A-IO scheduled notional amount and at a rate of 4.00% per annum on the Group II A-IO scheduled notional amount. The “Notional Amount” of the Class A-IO Certificates shall equal the sum of its two Component Notional Balances. The Group I A-IO Component Notional Balance and the Group II A-IO Component Notional Balance will be equal to the lesser of (i) the aggregate principal balance of the loans in the related group and (ii) the following schedule: | ||
Period | Group I A-IOComponentNotional Balance | Group II A-IOComponentNotional Balance | |
1 | 82,656,000 | 106,380,000 | |
2 | 82,656,000 | 106,380,000 | |
3 | 66,000,000 | 84,000,000 | |
4 | 66,000,000 | 84,000,000 | |
5 | 66,000,000 | 84,000,000 | |
6 | 54,000,000 | 60,600,000 | |
7 | 54,000,000 | 60,600,000 | |
8 | 54,000,000 | 60,600,000 | |
9 | 48,000,000 | 54,300,000 | |
10 | 48,000,000 | 54,300,000 | |
11 | 48,000,000 | 54,300,000 | |
12 | 48,000,000 | 54,300,000 | |
13 | 48,000,000 | 54,300,000 | |
14 | 48,000,000 | 54,300,000 | |
15 | 48,000,000 | 54,300,000 | |
16 | 48,000,000 | 52,312,500 | |
17 | 42,000,000 | 52,312,500 | |
18 | 40,800,000 | 52,312,500 | |
19 | 40,200,000 | 52,312,500 | |
20 | 40,200,000 | 51,330,000 | |
21 | 40,200,000 | 51,330,000 | |
22 | 38,400,000 | 49,740,000 | |
23 | 38,400,000 | 49,740,000 | |
24 | 38,400,000 | 49,740,000 | |
25 | 24,864,000 | 32,046,000 | |
26 | 24,864,000 | 32,046,000 | |
27 | 24,864,000 | 32,046,000 | |
28 | 24,864,000 | 32,046,000 | |
29 | 24,864,000 | 32,046,000 | |
30 | 24,864,000 | 32,046,000 | |
31 | 24,864,000 | 32,046,000 | |
32 | 24,864,000 | 32,046,000 | |
33 | 24,424,000 | 32,046,000 | |
34 | 22,828,000 | 32,046,000 | |
35 | 21,334,000 | 32,046,000 | |
36 and thereafter | 0 | 0 | |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Group II Net WAC Cap
Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | |
1 | NA | NA | 33 | 8.300 | 9.900 | |
2 | 7.202 | 7.202 | 34 | 8.554 | 10.208 | |
3 | 8.200 | 8.200 | 35 | 8.262 | 9.900 | |
4 | 7.381 | 7.381 | 36 | 9.672 | 12.536 | |
5 | 7.601 | 7.601 | 37 | 9.360 | 12.132 | |
6 | 7.708 | 7.708 | 38 | 9.360 | 12.132 | |
7 | 7.945 | 7.945 | 39 | 10.363 | 13.432 | |
8 | 7.668 | 7.668 | 40 | 9.360 | 12.132 | |
9 | 7.726 | 7.726 | 41 | 9.672 | 12.567 | |
10 | 7.964 | 7.964 | 42 | 9.360 | 13.100 | |
11 | 7.687 | 7.687 | 43 | 9.672 | 13.537 | |
12 | 7.987 | 8.037 | 44 | 9.360 | 13.100 | |
13 | 7.709 | 7.757 | 45 | 9.360 | 13.100 | |
14 | 7.688 | 7.736 | 46 | 9.672 | 13.537 | |
15 | 8.194 | 8.246 | 47 | 9.360 | 13.130 | |
16 | 7.673 | 7.721 | 48 | 9.672 | 14.422 | |
17 | 7.905 | 7.955 | 49 | 9.360 | 13.957 | |
18 | 7.627 | 7.787 | 50 | 9.360 | 13.957 | |
19 | 7.857 | 8.022 | 51 | 10.363 | 15.452 | |
20 | 7.596 | 7.755 | 52 | 9.360 | 13.957 | |
21 | 7.571 | 7.730 | 53 | 9.672 | 14.448 | |
22 | 7.827 | 7.991 | 54 | 9.360 | 14.780 | |
23 | 7.569 | 7.755 | 55 | 9.672 | 15.272 | |
24 | 8.409 | 9.321 | 56 | 9.360 | 14.780 | |
25 | 8.456 | 9.339 | 57 | 9.360 | 14.780 | |
26 | 8.439 | 9.321 | 58 | 9.672 | 15.272 | |
27 | 9.323 | 10.300 | 59 | 9.360 | 14.786 | |
28 | 8.402 | 9.284 | 60 | 9.673 | 15.531 | |
29 | 8.662 | 9.597 | 61 | 9.361 | 15.030 | |
30 | 8.363 | 9.962 | 62 | 9.361 | 15.030 | |
31 | 8.620 | 10.273 | 63 | 10.006 | 16.066 | |
32 | 8.321 | 9.921 | 64 | 9.361 | 15.030 |
(1)
Assumes 1 month LIBOR is instantaneously increased to 20.00% and ran at pricing prepayment speed.
(2)
Assumes all indices are instantaneously increased to 20.00% and ran at pricing prepayment speed.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Subordinate Net WAC Cap
Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | |
1 | NA | NA | 33 | 8.274 | 9.807 | |
2 | 7.202 | 7.202 | 34 | 8.529 | 10.112 | |
3 | 8.200 | 8.200 | 35 | 8.240 | 9.808 | |
4 | 7.381 | 7.381 | 36 | 9.644 | 12.385 | |
5 | 7.601 | 7.601 | 37 | 9.333 | 11.985 | |
6 | 7.708 | 7.708 | 38 | 9.345 | 12.049 | |
7 | 7.944 | 7.944 | 39 | 10.360 | 13.416 | |
8 | 7.668 | 7.668 | 40 | 9.372 | 12.193 | |
9 | 7.725 | 7.725 | 41 | 9.701 | 12.718 | |
10 | 7.962 | 7.962 | 42 | 9.405 | 13.404 | |
11 | 7.685 | 7.685 | 43 | 9.739 | 13.986 | |
12 | 7.984 | 8.033 | 44 | 9.419 | 13.496 | |
13 | 7.705 | 7.753 | 45 | 9.410 | 13.440 | |
14 | 7.683 | 7.730 | 46 | 9.715 | 13.829 | |
15 | 8.189 | 8.239 | 47 | 9.393 | 13.356 | |
16 | 7.667 | 7.714 | 48 | 9.697 | 14.625 | |
17 | 7.902 | 7.950 | 49 | 9.375 | 14.081 | |
18 | 7.624 | 7.780 | 50 | 9.366 | 14.007 | |
19 | 7.854 | 8.014 | 51 | 10.363 | 15.452 | |
20 | 7.592 | 7.747 | 52 | 9.360 | 13.957 | |
21 | 7.567 | 7.722 | 53 | 9.672 | 14.448 | |
22 | 7.823 | 7.983 | 54 | 9.360 | 14.780 | |
23 | 7.564 | 7.745 | 55 | 9.672 | 15.272 | |
24 | 8.386 | 9.270 | 56 | 9.360 | 14.780 | |
25 | 8.437 | 9.292 | 57 | 9.360 | 14.780 | |
26 | 8.418 | 9.272 | 58 | 9.672 | 15.272 | |
27 | 9.299 | 10.243 | 59 | 9.360 | 14.786 | |
28 | 8.379 | 9.231 | 60 | 9.673 | 15.531 | |
29 | 8.638 | 9.539 | 61 | 9.361 | 15.030 | |
30 | 8.338 | 9.877 | 62 | 9.361 | 15.030 | |
31 | 8.594 | 10.182 | 63 | 10.006 | 16.066 | |
32 | 8.295 | 9.830 | 64 | 9.361 | 15.030 |
(1)
Assumes 1 month LIBOR is instantaneously increased to 20.00% and ran at pricing prepayment speed.
(2)
Assumes all indices are instantaneously increased to 20.00% and ran at pricing prepayment speed.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Sensitivity Analysis – To Maturity
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class AF-1 | |||||||
Avg. Life (yrs) | 1.78 | 1.33 | 1.10 | 1.00 | 0.85 | 0.72 | 0.63 |
Mod. Dur. (yrs) | 1.72 | 1.29 | 1.07 | 0.98 | 0.83 | 0.70 | 0.62 |
Window (mo) | 42 | 30 | 23 | 21 | 17 | 13 | 12 |
Expected Final Mat. | Jun06 | Jun05 | Nov04 | Sep04 | May04 | Jan04 | Dec03 |
Yield at 99.997320% | 2.36893 | 2.33848 | 2.31214 | 2.29800 | 2.26847 | 2.23373 | 2.20216 |
Class AF-2 | |||||||
Avg. Life (yrs) | 4.13 | 2.88 | 2.25 | 2.00 | 1.60 | 1.27 | 1.09 |
Mod. Dur. (yrs) | 3.83 | 2.72 | 2.15 | 1.92 | 1.54 | 1.23 | 1.06 |
Window (mo) | 16 | 10 | 8 | 7 | 5 | 4 | 3 |
Expected Final Mat. | Sep07 | Mar06 | Jun05 | Mar05 | Sep04 | Apr04 | Feb04 |
Yield at 99.989816% | 3.02897 | 3.00848 | 2.98943 | 2.97844 | 2.95396 | 2.92226 | 2.89660 |
Class AF-3 | |||||||
Avg. Life (yrs) | 6.72 | 4.49 | 3.39 | 3.00 | 2.23 | 1.69 | 1.38 |
Mod. Dur. (yrs) | 5.84 | 4.07 | 3.13 | 2.79 | 2.11 | 1.62 | 1.33 |
Window (mo) | 55 | 32 | 23 | 21 | 12 | 8 | 5 |
Expected Final Mat. | Mar12 | Oct08 | Apr07 | Nov06 | Aug05 | Nov04 | Jun04 |
Yield at 99.975399% | 3.67056 | 3.65412 | 3.63788 | 3.62934 | 3.60377 | 3.57204 | 3.54187 |
Class AF-4 | |||||||
Avg. Life (yrs) | 12.89 | 8.90 | 6.59 | 5.62 | 4.19 | 2.20 | 1.72 |
Mod. Dur. (yrs) | 9.53 | 7.14 | 5.55 | 4.84 | 3.72 | 2.06 | 1.63 |
Window (mo) | 76 | 67 | 55 | 46 | 39 | 8 | 6 |
Expected Final Mat. | Jun18 | Apr14 | Oct11 | Aug10 | Oct08 | Jun05 | Nov04 |
Yield at 99.966888% | 4.62863 | 4.63304 | 4.62463 | 4.61618 | 4.61519 | 4.49175 | 4.45685 |
Class AF-5 | |||||||
Avg. Life (yrs) | 15.77 | 11.54 | 9.01 | 7.87 | 6.04 | 2.54 | 1.95 |
Mod. Dur. (yrs) | 10.64 | 8.55 | 7.08 | 6.35 | 5.09 | 2.33 | 1.82 |
Window (mo) | 7 | 5 | 5 | 5 | 6 | 1 | 2 |
Expected Final Mat. | Dec18 | Aug14 | Feb12 | Dec10 | Mar09 | Jun05 | Dec04 |
Yield at 99.970491% | 5.17721 | 5.19936 | 5.21049 | 5.21552 | 5.21514 | 4.99169 | 4.95470 |
Class AF-6 (NAS) | |||||||
Avg. Life (yrs) | 8.32 | 7.25 | 6.44 | 6.06 | 5.51 | 2.70 | 2.10 |
Mod. Dur. (yrs) | 6.71 | 6.01 | 5.45 | 5.18 | 4.78 | 2.49 | 1.96 |
Window (mo) | 154 | 102 | 70 | 52 | 25 | 5 | 3 |
Expected Final Mat. | Oct18 | Jun14 | Dec11 | Oct10 | Mar09 | Oct05 | Feb05 |
Yield at 99.955947% | 4.56482 | 4.56034 | 4.55591 | 4.55339 | 4.54917 | 4.49926 | 4.47137 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Sensitivity Analysis – To Maturity (continued)
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class AV | |||||||
Avg. Life (yrs) | 4.37 | 2.93 | 2.17 | 1.78 | 1.16 | 0.79 | 0.63 |
Mod. Dur. (yrs) | 4.09 | 2.81 | 2.10 | 1.74 | 1.15 | 0.78 | 0.62 |
Window (mo) | 192 | 140 | 110 | 96 | 33 | 22 | 17 |
Expected Final Mat. | Dec18 | Aug14 | Feb12 | Dec10 | Sep05 | Oct04 | May04 |
Yield at 100.00000% | 1.82688 | 1.82687 | 1.82686 | 1.82685 | 1.82683 | 1.82680 | 1.82678 |
Class M-1 | |||||||
Avg. Life (yrs) | 11.59 | 8.24 | 6.31 | 5.57 | 4.88 | 3.27 | 3.03 |
Mod. Dur. (yrs) | 9.95 | 7.37 | 5.79 | 5.17 | 4.60 | 3.16 | 2.92 |
Window (mo) | 141 | 109 | 84 | 68 | 42 | 11 | 18 |
Expected Final Mat. | Feb20 | Sep15 | Jan13 | Oct11 | Dec09 | Aug06 | Jul06 |
Yield at 100.00000% | 2.44228 | 2.44228 | 2.44227 | 2.44227 | 2.44227 | 2.44226 | 2.44225 |
Class M-2 | |||||||
Avg. Life (yrs) | 12.01 | 8.62 | 6.62 | 5.80 | 4.81 | 4.17 | 3.69 |
Mod. Dur. (yrs) | 9.56 | 7.26 | 5.78 | 5.15 | 4.37 | 3.87 | 3.45 |
Window (mo) | 153 | 122 | 97 | 80 | 55 | 14 | 29 |
Expected Final Mat. | Feb21 | Oct16 | Jan14 | Sep12 | Sep10 | Sep07 | Oct07 |
Yield at 100.00000% | 3.45450 | 3.45449 | 3.45448 | 3.45448 | 3.45447 | 3.45446 | 3.45445 |
Class B | |||||||
Avg. Life (yrs) | 12.33 | 8.94 | 6.89 | 6.04 | 4.91 | 5.16 | 2.97 |
Mod. Dur. (yrs) | 8.82 | 6.90 | 5.59 | 5.03 | 4.23 | 4.51 | 2.72 |
Window (mo) | 162 | 130 | 105 | 89 | 63 | 35 | 35 |
Expected Final Mat. | Nov21 | Jun17 | Sep14 | May13 | Apr11 | Oct08 | Feb08 |
Yield at 100.00000% | 4.92967 | 4.92965 | 4.92963 | 4.92962 | 4.92960 | 4.92961 | 4.92954 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Sensitivity Analysis – To 20% Optional Termination
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class AF-4 | |||||||
Avg. Life (yrs) | 11.73 | 7.87 | 5.82 | 5.00 | 3.60 | 2.20 | 1.72 |
Mod. Dur. (yrs) | 8.90 | 6.48 | 5.01 | 4.38 | 3.25 | 2.06 | 1.63 |
Window (mo) | 36 | 31 | 24 | 18 | 17 | 8 | 6 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Jun05 | Nov04 |
Yield at 99.966888 % | 4.59337 | 4.58194 | 4.56964 | 4.56187 | 4.54029 | 4.49175 | 4.45685 |
Class AF-5 | |||||||
Avg. Life (yrs) | 12.20 | 8.37 | 6.29 | 5.37 | 4.04 | 2.54 | 1.95 |
Mod. Dur. (yrs) | 8.92 | 6.68 | 5.27 | 4.61 | 3.58 | 2.33 | 1.82 |
Window (mo) | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Jun05 | Dec04 |
Yield at 99.970491% | 5.08931 | 5.07775 | 5.06543 | 5.05695 | 5.03768 | 4.99169 | 4.95470 |
Class AF-6 (NAS) | |||||||
Avg. Life (yrs) | 8.24 | 7.01 | 5.80 | 5.13 | 4.04 | 2.69 | 2.10 |
Mod. Dur. (yrs) | 6.66 | 5.85 | 4.99 | 4.49 | 3.62 | 2.49 | 1.96 |
Window (mo) | 110 | 64 | 37 | 22 | 1 | 4 | 3 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Sep05 | Feb05 |
Yield at 99.955947% | 4.56454 | 4.55916 | 4.55149 | 4.54567 | 4.53179 | 4.49917 | 4.47137 |
Class AV | |||||||
Avg. Life (yrs) | 4.21 | 2.81 | 2.07 | 1.70 | 1.16 | 0.79 | 0.63 |
Mod. Dur. (yrs) | 3.96 | 2.70 | 2.02 | 1.67 | 1.15 | 0.78 | 0.62 |
Window (mo) | 146 | 100 | 75 | 64 | 33 | 22 | 17 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Sep05 | Oct04 | May04 |
Yield at 100.00000% | 1.82687 | 1.82687 | 1.82686 | 1.82685 | 1.82683 | 1.82680 | 1.82678 |
Class M-1 | |||||||
Avg. Life (yrs) | 9.93 | 6.79 | 5.11 | 4.50 | 3.97 | 2.79 | 2.20 |
Mod. Dur. (yrs) | 8.79 | 6.25 | 4.80 | 4.26 | 3.79 | 2.70 | 2.16 |
Window (mo) | 81 | 56 | 38 | 26 | 6 | 1 | 1 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Sep05 | Feb05 |
Yield at 100.00000% | 2.44228 | 2.44228 | 2.44227 | 2.44227 | 2.44226 | 2.44225 | 2.44223 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Sensitivity Analysis – To 20% Optional Termination (continued)
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class M-2 | |||||||
Avg. Life (yrs) | 9.93 | 6.79 | 5.10 | 4.45 | 3.73 | 2.79 | 2.20 |
Mod. Dur. (yrs) | 8.32 | 6.01 | 4.65 | 4.10 | 3.49 | 2.65 | 2.12 |
Window (mo) | 81 | 56 | 39 | 27 | 10 | 1 | 1 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Sep05 | Feb05 |
Yield at 100.00000% | 3.45450 | 3.45448 | 3.45447 | 3.45446 | 3.45445 | 3.45443 | 3.45440 |
Class B | |||||||
Avg. Life (yrs) | 9.93 | 6.79 | 5.10 | 4.43 | 3.62 | 2.79 | 2.20 |
Mod. Dur. (yrs) | 7.70 | 5.68 | 4.44 | 3.93 | 3.28 | 2.58 | 2.07 |
Window (mo) | 81 | 56 | 39 | 28 | 11 | 1 | 1 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Sep05 | Feb05 |
Yield at 100.00000% | 4.92966 | 4.92964 | 4.92961 | 4.92959 | 4.92957 | 4.92952 | 4.92946 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Group I Collateral Summary
Summary Statistics
Collateral statistics for the fixed rate home equity loans are as of the Statistical Calculation Date
Collateral Summary | Ranges (if applicable) | ||
Total Number of Loans | 3,410 | ||
Total Outstanding Loan Balance | $211,589,579.04 | ||
Average Loan Principal Balance | $62,049.73 | $1,969.95 to 599,671.58 | |
WA Coupon | 9.512% | 5.750% to 18.990% | |
WA Original Term (months) | 297 | 60 to 360 Months | |
WA Remaining Term (months) | 296 | 17 to 360 Months | |
WA Original Combined LTV | 75.42% | 4.55% to 100.00% | |
WA Second Mortgage Ratio | 26.33% | 4.54% to 99.73% | |
WA FICO | 603 | 400 to 800 | |
Lien Position (first/second) | 85.13% / 14.87% | ||
Level Pay / Balloons | 95.55% / 4.45% | ||
Property Type | |||
2/4 Family | 0.44% | ||
Condominium | 1.83% | ||
Manufactured Housing | 0.80% | ||
PUD | 5.58% | ||
Single Family | 90.41% | ||
Townhouse | 0.82% | ||
Other | 0.14% | ||
Occupancy Status | |||
Primary Home | 98.34% | ||
Second Home | 0.28% | ||
Investments | 1.38% | ||
Geographic Distribution | |||
other states account individually for less than | TX - | 21.65% | |
CA - | 9.11% | ||
FL - | 5.34% | ||
GA - | 5.22% | ||
PA - | 4.50% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Loan Balances of Group I Home Equity Loans
Range of Loan Balances | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0.01 | - | 5,000.00 | 5 | $17,712.14 | 0.01% |
5,000.01 | - | 10,000.00 | 16 | 139,441.61 | 0.07 |
10,000.01 | - | 15,000.00 | 126 | 1,674,766.24 | 0.79 |
15,000.01 | - | 20,000.00 | 214 | 3,891,547.12 | 1.84 |
20,000.01 | - | 25,000.00 | 289 | 6,727,634.90 | 3.18 |
25,000.01 | - | 30,000.00 | 293 | 8,236,503.11 | 3.89 |
30,000.01 | - | 35,000.00 | 261 | 8,557,805.28 | 4.04 |
35,000.01 | - | 40,000.00 | 236 | 8,948,388.46 | 4.23 |
40,000.01 | - | 45,000.00 | 193 | 8,290,250.97 | 3.92 |
45,000.01 | - | 50,000.00 | 207 | 9,957,035.45 | 4.71 |
50,000.01 | - | 55,000.00 | 166 | 8,755,040.86 | 4.14 |
55,000.01 | - | 60,000.00 | 145 | 8,377,960.27 | 3.96 |
60,000.01 | - | 65,000.00 | 125 | 7,864,781.44 | 3.72 |
65,000.01 | - | 70,000.00 | 130 | 8,824,457.10 | 4.17 |
70,000.01 | - | 75,000.00 | 104 | 7,567,203.60 | 3.58 |
75,000.01 | - | 80,000.00 | 96 | 7,468,425.80 | 3.53 |
80,000.01 | - | 85,000.00 | 76 | 6,272,017.88 | 2.96 |
85,000.01 | - | 90,000.00 | 76 | 6,673,070.36 | 3.15 |
90,000.01 | - | 95,000.00 | 55 | 5,095,275.80 | 2.41 |
95,000.01 | - | 100,000.00 | 75 | 7,331,310.89 | 3.46 |
100,000.01 | - | 105,000.00 | 58 | 5,938,204.63 | 2.81 |
105,000.01 | - | 110,000.00 | 42 | 4,521,277.62 | 2.14 |
110,000.01 | - | 115,000.00 | 33 | 3,696,868.66 | 1.75 |
115,000.01 | - | 120,000.00 | 40 | 4,701,158.08 | 2.22 |
120,000.01 | - | 125,000.00 | 33 | 4,050,714.69 | 1.91 |
125,000.01 | - | 130,000.00 | 34 | 4,341,944.80 | 2.05 |
130,000.01 | - | 135,000.00 | 26 | 3,449,785.06 | 1.63 |
135,000.01 | - | 140,000.00 | 26 | 3,584,894.48 | 1.69 |
140,000.01 | - | 145,000.00 | 20 | 2,856,109.59 | 1.35 |
145,000.01 | - | 150,000.00 | 25 | 3,685,608.40 | 1.74 |
150,000.01 | - | 200,000.00 | 104 | 17,838,567.54 | 8.43 |
200,000.01 | - | 250,000.00 | 42 | 9,403,520.69 | 4.44 |
250,000.01 | - | 300,000.00 | 22 | 6,001,851.82 | 2.84 |
300,000.01 | - | 350,000.00 | 8 | 2,641,399.32 | 1.25 |
350,000.01 | - | 400,000.00 | 3 | 1,164,735.37 | 0.55 |
400,000.01 | - | 450,000.00 | 2 | 883,441.39 | 0.42 |
450,000.01 | - | 500,000.00 | 1 | 462,601.37 | 0.22 |
500,000.01 | - | 550,000.00 | 2 | 1,096,594.67 | 0.52 |
550,000.01 | - | 600,000.00 | 1 | 599,671.58 | 0.28 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Current Coupon Rates of Group I Home Equity Loans
Range of Current Coupon Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
5.501 | - | 6.000 | 8 | $1,498,026.67 | 0.71% |
6.001 | - | 6.500 | 43 | 5,202,470.30 | 2.46 |
6.501 | - | 7.000 | 166 | 18,994,483.50 | 8.98 |
7.001 | - | 7.500 | 158 | 15,420,569.95 | 7.29 |
7.501 | - | 8.000 | 262 | 23,372,496.29 | 11.05 |
8.001 | - | 8.500 | 188 | 16,273,757.10 | 7.69 |
8.501 | - | 9.000 | 316 | 24,979,990.69 | 11.81 |
9.001 | - | 9.500 | 200 | 12,690,626.89 | 6.00 |
9.501 | - | 10.000 | 319 | 19,638,723.51 | 9.28 |
10.001 | - | 10.500 | 224 | 11,978,519.77 | 5.66 |
10.501 | - | 11.000 | 283 | 12,009,360.50 | 5.68 |
11.001 | - | 11.500 | 196 | 9,178,043.32 | 4.34 |
11.501 | - | 12.000 | 294 | 12,101,735.14 | 5.72 |
12.001 | - | 12.500 | 168 | 6,493,572.45 | 3.07 |
12.501 | - | 13.000 | 214 | 9,081,683.03 | 4.29 |
13.001 | - | 13.500 | 134 | 4,480,077.85 | 2.12 |
13.501 | - | 14.000 | 140 | 4,816,949.73 | 2.28 |
14.001 | - | 14.500 | 69 | 2,396,329.47 | 1.13 |
14.501 | - | 15.000 | 24 | 902,084.76 | 0.43 |
15.001 | - | 15.500 | 2 | 72,151.62 | 0.03 |
15.501 | - | 16.000 | 1 | 4,328.83 | 0.00 |
18.501 | - | 19.000 | 1 | 3,597.67 | 0.00 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
Lien Positions of Group I Home Equity Loans
Lien Position | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
1st Lien | 2,436 | $180,125,792.41 | 85.13% |
2nd Lien | 974 | 31,463,786.63 | 14.87 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Original Term to Maturity of Group I Home Equity Loans
Original Term to Maturity | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 60 | 23 | $560,335.93 | 0.26% |
61 | - | 120 | 242 | 8,338,808.50 | 3.94 |
121 | - | 180 | 867 | 42,271,924.28 | 19.98 |
181 | - | 240 | 636 | 28,259,240.82 | 13.36 |
241 | - | 300 | 32 | 1,966,143.85 | 0.93 |
301 | - | 360 | 1,610 | 130,193,125.66 | 61.53 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Remaining Terms to Maturity of Group I Home Equity Loans
Remaining Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 60 | 23 | $560,335.93 | 0.26% |
61 | - | 120 | 247 | 8,451,418.76 | 3.99 |
121 | - | 180 | 867 | 42,278,308.37 | 19.98 |
181 | - | 240 | 634 | 28,294,466.62 | 13.37 |
241 | - | 300 | 29 | 1,811,923.70 | 0.86 |
301 | - | 360 | 1,610 | 130,193,125.66 | 61.53 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
Seasoning of Group I Home Equity Loans
Seasoning (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 0 | 977 | $62,622,490.62 | 29.60% |
1 | - | 12 | 2,427 | 148,873,236.88 | 70.36 |
13 | - | 24 | 1 | 48,681.98 | 0.02 |
25 | - | 36 | 2 | 35,963.05 | 0.02 |
37 | - | 48 | 3 | 9,206.51 | 0.00 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
Original Combined Loan-to-Value Ratios of Group I Home Equity Loans
Range of Original Combined | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
4.55 | - | 10.00 | 2 | $55,800.81 | 0.03% |
10.01 | - | 15.00 | 7 | 144,022.26 | 0.07 |
15.01 | - | 20.00 | 16 | 460,857.39 | 0.22 |
20.01 | - | 25.00 | 24 | 1,019,775.46 | 0.48 |
25.01 | - | 30.00 | 28 | 1,099,729.98 | 0.52 |
30.01 | - | 35.00 | 49 | 1,592,301.16 | 0.75 |
35.01 | - | 40.00 | 57 | 2,309,146.70 | 1.09 |
40.01 | - | 45.00 | 66 | 2,772,675.62 | 1.31 |
45.01 | - | 50.00 | 82 | 3,863,260.00 | 1.83 |
50.01 | - | 55.00 | 102 | 5,134,956.12 | 2.43 |
55.01 | - | 60.00 | 164 | 9,560,364.07 | 4.52 |
60.01 | - | 65.00 | 205 | 12,773,012.45 | 6.04 |
65.01 | - | 70.00 | 293 | 17,300,541.89 | 8.18 |
70.01 | - | 75.00 | 341 | 22,709,376.68 | 10.73 |
75.01 | - | 80.00 | 834 | 56,642,126.64 | 26.77 |
80.01 | - | 85.00 | 458 | 30,339,919.20 | 14.34 |
85.01 | - | 90.00 | 482 | 36,271,527.32 | 17.14 |
90.01 | - | 95.00 | 48 | 3,562,164.56 | 1.68 |
95.01 | - | 100.00 | 152 | 3,978,020.73 | 1.88 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Occupancy Status of Group I Home Equity Loans
Occupancy Status | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Primary Home | 3,332 | $208,069,963.06 | 98.34% |
Investment | 63 | 2,923,680.59 | 1.38 |
Second Home | 15 | 595,935.39 | 0.28 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Types of Mortgaged Properties of Group I Home Equity Loans
Property Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Single Family | 3,089 | $191,289,525.86 | 90.41% |
PUD | 166 | 11,800,594.65 | 5.58 |
Condominium | 63 | 3,865,634.04 | 1.83 |
Townhome | 38 | 1,730,622.72 | 0.82 |
Manufactured Housing | 29 | 1,686,162.15 | 0.80 |
2/4 Family | 19 | 925,926.70 | 0.44 |
Other | 6 | 291,112.92 | 0.14 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Geographical Distribution of Mortgaged Properties of Group I Home Equity Loans
State | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Arizona | 69 | $4,217,566.86 | 1.99% |
Arkansas | 46 | 2,141,802.66 | 1.01 |
California | 206 | 19,269,349.94 | 9.11 |
Colorado | 61 | 4,575,462.52 | 2.16 |
Connecticut | 27 | 1,834,162.98 | 0.87 |
Delaware | 15 | 839,740.26 | 0.40 |
Florida | 170 | 11,292,159.35 | 5.34 |
Georgia | 136 | 11,035,328.33 | 5.22 |
Idaho | 11 | 468,337.98 | 0.22 |
Illinois | 22 | 1,286,104.44 | 0.61 |
Indiana | 54 | 3,436,626.13 | 1.62 |
Iowa | 19 | 1,039,402.58 | 0.49 |
Kansas | 51 | 2,012,094.41 | 0.95 |
Kentucky | 37 | 2,546,783.46 | 1.20 |
Louisiana | 166 | 8,631,904.75 | 4.08 |
Maine | 19 | 1,232,959.35 | 0.58 |
Maryland | 21 | 1,266,481.58 | 0.60 |
Massachusetts | 72 | 5,635,130.27 | 2.66 |
Michigan | 85 | 4,783,110.31 | 2.26 |
Minnesota | 16 | 1,084,369.36 | 0.51 |
Mississippi | 82 | 4,532,201.33 | 2.14 |
Missouri | 86 | 4,373,776.38 | 2.07 |
Montana | 6 | 484,776.31 | 0.23 |
Nebraska | 21 | 996,269.62 | 0.47 |
Nevada | 11 | 554,932.89 | 0.26 |
New Hampshire | 16 | 967,686.73 | 0.46 |
New Jersey | 118 | 6,762,779.91 | 3.20 |
New Mexico | 27 | 1,476,662.66 | 0.70 |
New York | 117 | 8,212,941.59 | 3.88 |
North Carolina | 129 | 7,410,540.87 | 3.50 |
Ohio | 100 | 6,715,518.64 | 3.17 |
Oklahoma | 55 | 2,270,902.21 | 1.07 |
Oregon | 15 | 1,249,709.10 | 0.59 |
Pennsylvania | 157 | 9,527,851.61 | 4.50 |
Rhode Island | 14 | 880,360.64 | 0.42 |
South Carolina | 28 | 1,766,174.25 | 0.83 |
South Dakota | 4 | 241,799.86 | 0.11 |
Tennessee | 116 | 7,650,111.47 | 3.62 |
Texas | 823 | 45,819,227.09 | 21.65 |
Utah | 3 | 183,875.32 | 0.09 |
Virginia | 60 | 3,447,796.25 | 1.63 |
Washington | 57 | 4,103,277.43 | 1.94 |
West Virginia | 18 | 827,427.14 | 0.39 |
Wisconsin | 35 | 1,917,176.02 | 0.91 |
Wyoming | 9 | 586,926.20 | 0.28 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Documentation Types of Group I Home Equity Loans
Documentation Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Full Documentation | 3,089 | $186,720,454.71 | 88.25% |
Stated Documentation | 221 | 15,641,409.29 | 7.39 |
Limited Documentation | 100 | 9,227,715.04 | 4.36 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Credit Grades of Group I Home Equity Loans
Credit Grades | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
A+ | 340 | $29,974,251.32 | 14.17% |
A-1 | 1,359 | 95,072,670.74 | 44.93 |
A-2 | 845 | 45,472,072.52 | 21.49 |
B | 406 | 18,605,895.65 | 8.79 |
C-1 | 286 | 12,310,357.00 | 5.82 |
C-2 | 92 | 4,893,993.68 | 2.31 |
D | 82 | 5,260,338.13 | 2.49 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Prepayment Penalty Terms of Group I Home Equity Loans
Prepayment Penalty Term (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
0 | 1,657 | $82,528,683.75 | 39.00% |
6 | 15 | 475,198.34 | 0.22 |
12 | 88 | 7,110,906.43 | 3.36 |
24 | 41 | 4,984,913.37 | 2.36 |
30 | 16 | 379,498.25 | 0.18 |
36 | 300 | 24,455,209.10 | 11.56 |
42 | 2 | 99,766.67 | 0.05 |
48 | 2 | 289,061.56 | 0.14 |
60 | 1,289 | 91,266,341.57 | 43.13 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Second Mortgage Ratios of Group I Home Equity Loans(1)
Range of Second Mortgage Ratios (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0.01 | - | 10.00 | 100 | $1,814,837.27 | 5.77% |
10.01 | - | 15.00 | 174 | 4,025,904.77 | 12.80 |
15.01 | - | 20.00 | 268 | 7,667,109.17 | 24.37 |
20.01 | - | 25.00 | 140 | 4,375,388.87 | 13.91 |
25.01 | - | 30.00 | 113 | 4,301,828.80 | 13.67 |
30.01 | - | 35.00 | 54 | 2,545,975.06 | 8.09 |
35.01 | - | 40.00 | 58 | 2,715,234.93 | 8.63 |
40.01 | - | 45.00 | 23 | 1,037,031.50 | 3.30 |
45.01 | - | 50.00 | 18 | 1,055,570.38 | 3.35 |
50.01 | - | 55.00 | 11 | 635,337.30 | 2.02 |
55.01 | - | 60.00 | 5 | 396,353.45 | 1.26 |
60.01 | - | 65.00 | 3 | 328,194.17 | 1.04 |
65.01 | - | 70.00 | 2 | 67,704.86 | 0.22 |
70.01 | - | 75.00 | 2 | 100,586.98 | 0.32 |
80.01 | - | 85.00 | 2 | 54,729.12 | 0.17 |
95.01 | - | 100.00 | 1 | 342,000.00 | 1.09 |
Total: | 974 | $31,463,786.63 | 100.00% | ||
(1)
Applies only to the home equity loans in the second lien position. The Second Mortgage Ratios show above are equal to, with respect to each home equity loan in the second lien position, the original principal balance of the home equity loan at the date of origination divided by the sum of (a) the original principal balance of the home equity loan at the date of origination and (b) the remaining principal balance of the senior lien on the related Mortgaged Property at the date of origination of the home equity loan.
Amortization Type of Group I Home Equity Loans
Amortization Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Balloon | 126 | $9,418,385.86 | 4.45% |
Level Pay | 3,284 | 202,171,193.18 | 95.55 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Original Credit Score Distribution of Group I Home Equity Loans
Original Credit Score | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
Not Available(1) | 17 | $563,575.52 | 0.27% | ||
376 | - | 400 | 2 | 49,967.73 | 0.02 |
401 | - | 425 | 1 | 39,232.11 | 0.02 |
426 | - | 450 | 10 | 333,594.16 | 0.16 |
451 | - | 475 | 34 | 1,506,160.60 | 0.71 |
476 | - | 500 | 102 | 5,347,952.69 | 2.53 |
501 | - | 525 | 267 | 12,494,533.74 | 5.91 |
526 | - | 550 | 491 | 27,462,363.73 | 12.98 |
551 | - | 575 | 456 | 26,550,447.23 | 12.55 |
576 | - | 600 | 502 | 30,950,100.63 | 14.63 |
601 | - | 625 | 474 | 28,684,996.41 | 13.56 |
626 | - | 650 | 460 | 33,074,519.70 | 15.63 |
651 | - | 675 | 292 | 21,166,676.90 | 10.00 |
676 | - | 700 | 140 | 11,417,808.46 | 5.40 |
701 | - | 725 | 73 | 5,177,661.14 | 2.45 |
726 | - | 750 | 45 | 3,639,451.52 | 1.72 |
751 | - | 775 | 26 | 2,029,655.92 | 0.96 |
776 | - | 800 | 18 | 1,100,880.85 | 0.52 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
(1)
Home equity loans indicated as having a credit score that is “not available” consist of home equity loans where no credit score can be obtained for the related borrower.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Group II Collateral Summary
Summary Statistics
Collateral statistics for the adjustable rate home equity loans are as of the Statistical Calculation Date
Collateral Summary | Ranges (if applicable) | ||
Total Number of Loans | 3,748 | ||
Total Outstanding Loan Balance | $388,421,653.89 | ||
Average Loan Principal Balance | $103,634.38 | $11,200.00 to $768,649.35 | |
WA Coupon | 9.073% | 4.850% to 14.700% | |
ARM Characteristics | |||
Margin | 8.710% | 4.650% to 14.250% | |
First Periodic Cap | 2.143% | 1.000% to 4.000% | |
Subsequent Periodic Cap | 1.000% | ||
Lifetime Cap | 16.055% | 11.850% to 21.700% | |
WA Original Term (months) | 358 | 90 to 360 Months | |
WA Remaining Term (months) | 357 | 90 to 360 Months | |
WA Original LTV | 80.90% | 7.58% to 100.00% | |
WA FICO | 574 | 419 to 800 | |
Loan Type | |||
2/28 ARM | 62.49% | ||
6 Month ARM | 11.47% | ||
3/27 ARM | 26.04% | ||
Property Type | |||
2/4 Family | 0.41% | ||
Condominium | 2.91% | ||
Manufactured Housing | 0.81% | ||
PUD | 6.20% | ||
Single Family | 88.85% | ||
Townhouse | 0.69% | ||
Other | 0.13% | ||
Occupancy Status | |||
Primary Home | 98.38% | ||
Second Home | 0.42% | ||
Investments | 1.19% | ||
Geographic Distribution | |||
other states account individually for less than | CA - | 13.46% | |
TX - | 8.71% | ||
OH - | 6.03% | ||
FL - | 5.60% | ||
GA - | 5.38% | ||
NC - | 4.78% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Loan Balances of Group II Home Equity Loans
Range of Loan Balances | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
10,000.01 | - | 15,000.00 | 6 | $80,342.42 | 0.02% |
15,000.01 | - | 20,000.00 | 18 | 330,274.55 | 0.09 |
20,000.01 | - | 25,000.00 | 47 | 1,100,693.39 | 0.28 |
25,000.01 | - | 30,000.00 | 64 | 1,806,391.35 | 0.47 |
30,000.01 | - | 35,000.00 | 99 | 3,261,232.63 | 0.84 |
35,000.01 | - | 40,000.00 | 130 | 4,922,015.26 | 1.27 |
40,000.01 | - | 45,000.00 | 126 | 5,403,583.82 | 1.39 |
45,000.01 | - | 50,000.00 | 171 | 8,198,046.70 | 2.11 |
50,000.01 | - | 55,000.00 | 148 | 7,790,295.54 | 2.01 |
55,000.01 | - | 60,000.00 | 170 | 9,834,750.12 | 2.53 |
60,000.01 | - | 65,000.00 | 180 | 11,363,647.56 | 2.93 |
65,000.01 | - | 70,000.00 | 199 | 13,450,215.74 | 3.46 |
70,000.01 | - | 75,000.00 | 161 | 11,658,637.03 | 3.00 |
75,000.01 | - | 80,000.00 | 181 | 14,033,391.45 | 3.61 |
80,000.01 | - | 85,000.00 | 148 | 12,237,956.07 | 3.15 |
85,000.01 | - | 90,000.00 | 129 | 11,327,969.61 | 2.92 |
90,000.01 | - | 95,000.00 | 114 | 10,555,695.23 | 2.72 |
95,000.01 | - | 100,000.00 | 133 | 12,979,825.04 | 3.34 |
100,000.01 | - | 105,000.00 | 118 | 12,135,876.58 | 3.12 |
105,000.01 | - | 110,000.00 | 98 | 10,540,338.95 | 2.71 |
110,000.01 | - | 115,000.00 | 88 | 9,891,771.55 | 2.55 |
115,000.01 | - | 120,000.00 | 124 | 14,571,972.91 | 3.75 |
120,000.01 | - | 125,000.00 | 83 | 10,173,381.28 | 2.62 |
125,000.01 | - | 130,000.00 | 85 | 10,848,344.68 | 2.79 |
130,000.01 | - | 135,000.00 | 65 | 8,605,478.04 | 2.22 |
135,000.01 | - | 140,000.00 | 80 | 11,024,923.87 | 2.84 |
140,000.01 | - | 145,000.00 | 58 | 8,272,765.99 | 2.13 |
145,000.01 | - | 150,000.00 | 60 | 8,860,748.84 | 2.28 |
150,000.01 | - | 200,000.00 | 365 | 62,570,669.96 | 16.11 |
200,000.01 | - | 250,000.00 | 160 | 35,562,299.79 | 9.16 |
250,000.01 | - | 300,000.00 | 80 | 21,951,309.09 | 5.65 |
300,000.01 | - | 350,000.00 | 35 | 11,432,926.09 | 2.94 |
350,000.01 | - | 400,000.00 | 9 | 3,295,467.45 | 0.85 |
400,000.01 | - | 450,000.00 | 6 | 2,563,217.83 | 0.66 |
450,000.01 | - | 500,000.00 | 4 | 1,901,823.26 | 0.49 |
550,000.01 | - | 600,000.00 | 3 | 1,723,000.00 | 0.44 |
650,000.01 | - | 700,000.00 | 1 | 671,724.87 | 0.17 |
700,000.01 | - | 750,000.00 | 1 | 720,000.00 | 0.19 |
750,000.01 | - | 800,000.00 | 1 | 768,649.35 | 0.20 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Current Coupon Rates of Group II Home Equity Loans
Range of Current Coupon Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
4.501 | - | 5.000 | 3 | $320,209.74 | 0.08% |
5.001 | - | 5.500 | 1 | 337,012.02 | 0.09 |
5.501 | - | 6.000 | 17 | 2,012,303.82 | 0.52 |
6.001 | - | 6.500 | 58 | 7,387,766.36 | 1.90 |
6.501 | - | 7.000 | 152 | 19,611,969.00 | 5.05 |
7.001 | - | 7.500 | 215 | 30,052,866.19 | 7.74 |
7.501 | - | 8.000 | 389 | 51,774,593.70 | 13.33 |
8.001 | - | 8.500 | 338 | 38,329,435.09 | 9.87 |
8.501 | - | 9.000 | 535 | 60,513,026.40 | 15.58 |
9.001 | - | 9.500 | 383 | 41,535,132.61 | 10.69 |
9.501 | - | 10.000 | 529 | 51,822,324.22 | 13.34 |
10.001 | - | 10.500 | 301 | 27,313,464.71 | 7.03 |
10.501 | - | 11.000 | 321 | 24,541,779.40 | 6.32 |
11.001 | - | 11.500 | 153 | 10,804,827.27 | 2.78 |
11.501 | - | 12.000 | 160 | 11,049,653.35 | 2.84 |
12.001 | - | 12.500 | 81 | 5,140,182.74 | 1.32 |
12.501 | - | 13.000 | 71 | 4,150,823.60 | 1.07 |
13.001 | - | 13.500 | 22 | 962,219.86 | 0.25 |
13.501 | - | 14.000 | 14 | 499,202.49 | 0.13 |
14.001 | - | 14.500 | 4 | 222,367.59 | 0.06 |
14.501 | - | 15.000 | 1 | 40,493.73 | 0.01 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Original Term to Maturity of Group II Home Equity Loans
Original Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
61 | - | 120 | 10 | $439,692.22 | 0.11% |
121 | - | 180 | 39 | 2,133,298.86 | 0.55 |
181 | - | 240 | 23 | 1,590,574.44 | 0.41 |
241 | - | 300 | 4 | 253,434.58 | 0.07 |
301 | - | 360 | 3,672 | 384,004,653.79 | 98.86 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Remaining Terms to Maturity of Group II Home Equity Loans
Remaining Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
61 | - | 120 | 10 | $439,692.22 | 0.11% |
121 | - | 180 | 39 | 2,133,298.86 | 0.55 |
181 | - | 240 | 23 | 1,590,574.44 | 0.41 |
241 | - | 300 | 4 | 253,434.58 | 0.07 |
301 | - | 360 | 3,672 | 384,004,653.79 | 98.86 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Seasoning of Group II Home Equity Loans
Seasoning (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 0 | 995 | $106,873,672.90 | 27.51% |
1 | - | 12 | 2,753 | 281,547,980.99 | 72.49 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Amortization Type of Group II Home Equity Loans
Amortization Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
2/28 ARM | 2,373 | $242,728,535.35 | 62.49% |
3/27 ARM | 881 | 101,148,462.06 | 26.04 |
6 Month LIBOR ARM | 494 | 44,544,656.48 | 11.47 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Original Loan-to-Value Ratios of Group II Home Equity Loans
Range of Original | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
7.58 | - | 10.00 | 2 | $87,014.07 | 0.02% |
10.01 | - | 15.00 | 2 | 44,538.07 | 0.01 |
15.01 | - | 20.00 | 3 | 76,511.98 | 0.02 |
20.01 | - | 25.00 | 7 | 255,108.60 | 0.07 |
25.01 | - | 30.00 | 16 | 732,457.10 | 0.19 |
30.01 | - | 35.00 | 22 | 1,179,073.41 | 0.30 |
35.01 | - | 40.00 | 23 | 1,031,372.01 | 0.27 |
40.01 | - | 45.00 | 31 | 1,781,645.81 | 0.46 |
45.01 | - | 50.00 | 64 | 3,304,218.37 | 0.85 |
50.01 | - | 55.00 | 57 | 3,437,595.10 | 0.89 |
55.01 | - | 60.00 | 96 | 8,182,612.51 | 2.11 |
60.01 | - | 65.00 | 124 | 9,847,609.77 | 2.54 |
65.01 | - | 70.00 | 245 | 21,309,431.77 | 5.49 |
70.01 | - | 75.00 | 332 | 30,425,080.16 | 7.83 |
75.01 | - | 80.00 | 896 | 94,618,443.00 | 24.36 |
80.01 | - | 85.00 | 666 | 72,276,809.46 | 18.61 |
85.01 | - | 90.00 | 1,085 | 130,748,162.29 | 33.66 |
90.01 | - | 95.00 | 70 | 8,040,717.63 | 2.07 |
95.01 | - | 100.00 | 7 | 1,043,252.78 | 0.27 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Occupancy Status of Group II Home Equity Loans
Occupancy Status | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Primary Home | 3,649 | $382,148,381.90 | 98.38% |
Second Home | 21 | 1,644,452.42 | 0.42 |
Investment | 78 | 4,628,819.57 | 1.19 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Types of Mortgaged Properties of Group II Home Equity Loans
Property Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Single Family | 3,400 | $345,111,355.32 | 88.85% |
PUD | 166 | 24,085,711.93 | 6.20 |
Condominium | 88 | 11,286,720.76 | 2.91 |
Manufactured Housing | 42 | 3,152,225.38 | 0.81 |
Townhome | 28 | 2,692,883.45 | 0.69 |
2/4 Family | 21 | 1,604,488.32 | 0.41 |
Other | 3 | 488,268.73 | 0.13 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Geographical Distribution of Mortgaged Properties of Group II Home Equity Loans
State | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Arizona | 112 | $12,185,745.67 | 3.14% |
Arkansas | 31 | 2,217,852.86 | 0.57 |
California | 290 | 52,286,009.61 | 13.46 |
Colorado | 78 | 13,213,216.98 | 3.40 |
Connecticut | 19 | 3,291,030.32 | 0.85 |
Delaware | 10 | 990,062.67 | 0.25 |
Florida | 203 | 21,739,278.00 | 5.60 |
Georgia | 187 | 20,886,496.73 | 5.38 |
Idaho | 17 | 1,497,476.81 | 0.39 |
Illinois | 98 | 9,516,561.92 | 2.45 |
Indiana | 125 | 11,237,219.44 | 2.89 |
Iowa | 70 | 4,725,269.97 | 1.22 |
Kansas | 46 | 3,730,193.04 | 0.96 |
Kentucky | 86 | 7,760,783.09 | 2.00 |
Louisiana | 115 | 9,497,607.96 | 2.45 |
Maine | 20 | 1,734,795.27 | 0.45 |
Maryland | 21 | 3,051,503.84 | 0.79 |
Massachusetts | 34 | 6,984,962.27 | 1.80 |
Michigan | 156 | 16,362,275.80 | 4.21 |
Minnesota | 26 | 2,662,071.49 | 0.69 |
Mississippi | 93 | 6,320,389.78 | 1.63 |
Missouri | 160 | 12,550,181.21 | 3.23 |
Montana | 6 | 527,148.27 | 0.14 |
Nebraska | 9 | 510,819.59 | 0.13 |
Nevada | 19 | 2,657,350.97 | 0.68 |
New Hampshire | 19 | 2,743,389.15 | 0.71 |
New Jersey | 64 | 8,647,550.96 | 2.23 |
New Mexico | 34 | 3,019,867.67 | 0.78 |
New York | 78 | 7,183,166.12 | 1.85 |
North Carolina | 194 | 18,547,885.04 | 4.78 |
North Dakota | 2 | 73,555.62 | 0.02 |
Ohio | 252 | 23,409,460.29 | 6.03 |
Oklahoma | 37 | 2,195,417.20 | 0.57 |
Oregon | 21 | 2,419,856.75 | 0.62 |
Pennsylvania | 121 | 10,310,128.62 | 2.65 |
Rhode Island | 12 | 1,797,861.51 | 0.46 |
South Carolina | 49 | 5,197,984.14 | 1.34 |
South Dakota | 2 | 134,216.00 | 0.03 |
Tennessee | 128 | 10,268,100.78 | 2.64 |
Texas | 419 | 33,841,634.81 | 8.71 |
Utah | 11 | 1,093,029.62 | 0.28 |
Vermont | 3 | 262,626.11 | 0.07 |
Virginia | 61 | 6,985,643.75 | 1.80 |
Washington | 68 | 10,041,570.07 | 2.59 |
West Virginia | 20 | 1,272,818.63 | 0.33 |
Wisconsin | 115 | 10,312,050.61 | 2.65 |
Wyoming | 7 | 527,536.88 | 0.14 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Documentation Types of Group II Home Equity Loans
Documentation Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Full Documentation | 3,319 | $338,313,293.84 | 87.10% |
Stated Documentation | 291 | 31,788,001.36 | 8.18 |
Limited Documentation | 138 | 18,320,358.69 | 4.72 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Gross Margins of Group II Home Equity Loans
Range of Gross Margin (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
4.501 - 5.000 | 7 | $1,270,773.23 | 0.33% |
5.001 - 5.500 | 9 | 1,171,416.01 | 0.30 |
5.501 - 6.000 | 32 | 4,100,539.19 | 1.06 |
6.001 - 6.500 | 95 | 12,157,441.43 | 3.13 |
6.501 - 7.000 | 177 | 24,080,440.02 | 6.20 |
7.001 - 7.500 | 317 | 44,439,437.75 | 11.44 |
7.501 - 8.000 | 368 | 43,963,744.69 | 11.32 |
8.001 - 8.500 | 418 | 47,528,677.70 | 12.24 |
8.501 - 9.000 | 486 | 54,028,299.66 | 13.91 |
9.001 - 9.500 | 448 | 46,644,761.48 | 12.01 |
9.501 - 10.000 | 418 | 39,569,241.59 | 10.19 |
10.001 - 10.500 | 299 | 24,622,775.60 | 6.34 |
10.501 - 11.000 | 242 | 16,692,453.87 | 4.30 |
11.001 - 11.500 | 160 | 11,525,588.72 | 2.97 |
11.501 - 12.000 | 128 | 8,468,593.67 | 2.18 |
12.001 - 12.500 | 69 | 4,022,223.94 | 1.04 |
12.501 - 13.000 | 50 | 3,023,391.57 | 0.78 |
13.001 - 13.500 | 18 | 733,763.45 | 0.19 |
13.501 - 14.000 | 6 | 337,596.59 | 0.09 |
14.001 - 14.500 | 1 | 40,493.73 | 0.01 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Credit Grades of Group II Home Equity Loans
Credit Grades | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
A+ | 89 | $10,298,493.23 | 2.65% |
A-1 | 1,101 | 132,656,200.92 | 34.15 |
A-2 | 1,217 | 132,233,602.32 | 34.04 |
B | 619 | 57,638,341.60 | 14.84 |
C-1 | 485 | 37,417,275.86 | 9.63 |
C-2 | 234 | 17,690,929.01 | 4.55 |
D | 3 | 486,810.95 | 0.13 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Next Interest Adjustment Date of Group II Home Equity Loans
Next Interest Adjustment Date | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
October-02 | 1 | $91,701.43 | 0.02% |
January-03 | 29 | 3,056,761.59 | 0.79 |
February-03 | 136 | 12,604,501.55 | 3.25 |
March-03 | 160 | 13,750,398.28 | 3.54 |
April-03 | 153 | 13,153,375.63 | 3.39 |
May-03 | 15 | 1,887,918.00 | 0.49 |
March-04 | 4 | 338,752.58 | 0.09 |
April-04 | 8 | 781,184.23 | 0.20 |
May-04 | 1 | 347,598.72 | 0.09 |
June-04 | 11 | 938,400.64 | 0.24 |
July-04 | 221 | 20,635,815.22 | 5.31 |
August-04 | 754 | 74,114,848.58 | 19.08 |
September-04 | 687 | 72,305,256.17 | 18.62 |
October-04 | 636 | 68,226,360.36 | 17.57 |
November-04 | 51 | 5,040,318.85 | 1.30 |
April-05 | 1 | 52,210.40 | 0.01 |
July-05 | 75 | 8,278,783.59 | 2.13 |
August-05 | 273 | 31,350,096.03 | 8.07 |
September-05 | 258 | 29,014,160.98 | 7.47 |
October-05 | 246 | 29,733,241.06 | 7.65 |
November-05 | 28 | 2,719,970.00 | 0.70 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Maximum Rates of Group II Home Equity Loans
Range of Maximum Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
11.501 | - | 12.000 | 3 | $320,209.74 | 0.08% |
12.001 | - | 12.500 | 2 | 596,500.93 | 0.15 |
12.501 | - | 13.000 | 21 | 2,354,469.27 | 0.61 |
13.001 | - | 13.500 | 63 | 7,660,136.70 | 1.97 |
13.501 | - | 14.000 | 156 | 20,624,557.23 | 5.31 |
14.001 | - | 14.500 | 213 | 29,930,343.41 | 7.71 |
14.501 | - | 15.000 | 385 | 50,825,718.05 | 13.09 |
15.001 | - | 15.500 | 341 | 38,992,479.55 | 10.04 |
15.501 | - | 16.000 | 538 | 60,758,135.67 | 15.64 |
16.001 | - | 16.500 | 383 | 41,316,940.89 | 10.64 |
16.501 | - | 17.000 | 532 | 52,439,155.84 | 13.50 |
17.001 | - | 17.500 | 293 | 26,371,339.76 | 6.79 |
17.501 | - | 18.000 | 313 | 23,421,760.51 | 6.03 |
18.001 | - | 18.500 | 153 | 10,779,262.98 | 2.78 |
18.501 | - | 19.000 | 159 | 11,015,353.35 | 2.84 |
19.001 | - | 19.500 | 81 | 5,140,182.74 | 1.32 |
19.501 | - | 20.000 | 71 | 4,150,823.60 | 1.07 |
20.001 | - | 20.500 | 22 | 962,219.86 | 0.25 |
20.501 | - | 21.000 | 14 | 499,202.49 | 0.13 |
21.001 | - | 21.500 | 4 | 222,367.59 | 0.06 |
21.501 | - | 22.000 | 1 | 40,493.73 | 0.01 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
Prepayment Penalty Terms of Group II Home Equity Loans
Prepayment Penalty Term (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
0 | 988 | $89,931,191.84 | 23.15% |
12 | 84 | 12,793,113.52 | 3.29 |
24 | 572 | 70,501,961.45 | 18.15 |
30 | 1 | 258,065.00 | 0.07 |
36 | 954 | 112,380,169.80 | 28.93 |
60 | 1,149 | 102,557,152.28 | 26.40 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Original Credit Score Distribution of Group II Home Equity Loans
Original Credit Score | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
Not Available(1) | 16 | $930,405.44 | 0.24% | ||
401 | - | 425 | 3 | 214,223.34 | 0.06 |
426 | - | 450 | 10 | 549,985.11 | 0.14 |
451 | - | 475 | 46 | 3,403,086.35 | 0.88 |
476 | - | 500 | 140 | 10,796,399.52 | 2.78 |
501 | - | 525 | 530 | 49,250,294.35 | 12.68 |
526 | - | 550 | 844 | 86,549,983.61 | 22.28 |
551 | - | 575 | 637 | 65,880,041.15 | 16.96 |
576 | - | 600 | 517 | 57,022,684.40 | 14.68 |
601 | - | 625 | 414 | 46,989,197.15 | 12.10 |
626 | - | 650 | 322 | 36,135,543.18 | 9.30 |
651 | - | 675 | 155 | 18,588,864.00 | 4.79 |
676 | - | 700 | 64 | 7,025,054.83 | 1.81 |
701 | - | 725 | 28 | 3,002,464.11 | 0.77 |
726 | - | 750 | 14 | 1,478,230.08 | 0.38 |
751 | - | 775 | 6 | 487,333.40 | 0.13 |
776 | - | 800 | 2 | 117,863.87 | 0.03 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
(1)
Home equity loans indicated as having a credit score that is “not available” consist of home equity loans where no credit score can be obtained for the related borrower.
SUBJECT TO REVISION
COMPUTATIONAL MATERIALS DATED DECEMBER 3, 2002
$600,000,000 (Approximate)
CENTEX
HOME EQUITY
CENTEX HOME EQUITY LOAN TRUST 2002-D
CENTEX HOME EQUITY LOAN ASSET-BACKED CERTIFICATES, SERIES 2002-D
CENTEX HOME EQUITY COMPANY, LLC
Originator & Servicer
CHEC FUNDING, LLC
Depositor
December 3, 2002
CREDIT | FIRST |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Disclaimer
By entering into a transaction with CSFB, you acknowledge that you have read and understood the following terms: CSFB is acting solely as an arm’s length contractual counterparty and not as your financial adviser or fiduciary unless it has agreed to so act in writing. Before entering into any transaction you should ensure that you fully understand its potential risks and rewards and independently determine that it is appropriate for you given your objectives, experience, financial and operational resources, and other relevant circumstances. You should consult with such advisers, as you deem necessary to assist you in making these determinations. You should also understand that CSFB or its affiliates may provide banking, credit and other financial services to any company or issuer of securities or financial instruments referred to herein, underwrite, make a market in, have positions in, or otherwise buy and sell securities or financial instruments which may be identical or economically similar to any transaction entered into with you. If we make a market in any security or financial instrument, it should not be assumed that we will continue to do so. Any indicative terms provided to you are provided for your information and do not constitute an offer, a solicitation of an offer, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise). Any indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by us or that have been expressly specified by you and do not constitute advice by us. The assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such quotations, disclosure or ana lyses. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future. None of the employees or agents of CSFB or its affiliates is authorized to amend or supplement the terms of this notice, other than in the form of a written instrument, duly executed by an appropriately authorized signatory and countersigned by you.
Attached is a term sheet describing the structure, collateral pool and certain aspects of the Certificates. The term sheet has been prepared by CSFB for informational purposes only and is subject to modification or change. The information and assumptions contained therein are preliminary and will be superseded by a prospectus and prospectus supplement and by any other additional information subsequently filed with the Securities and Exchange Commission or incorporated by reference in the Registration Statement.
Neither Credit Suisse First Boston Corporation nor any of its respective affiliates makes any representation as to the accuracy or completeness of any of the information set forth in the attached Series Term Sheet.
A Registration Statement (including a prospectus) relating to the Certificates has been filed with the Securities and Exchange Commission and declared effective. The final Prospectus and Prospectus Supplement relating to the securities will be filed with the Securities and Exchange Commission after the securities have been priced and all of the terms and information are finalized. This communication is not an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Interested persons are referred to the final Prospectus and Prospectus Supplement to which the securities relate. Any investment decision should be based only upon the information in the final Prospectus and Prospectus Supplement as of their publication dates.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
$600,000,000 (approximate) Asset-Backed Certificates, Series 2002-D
To Maturity
Class(1) | Approx. Size(2) | Group | Type | Benchmark | Est. WAL (yrs)(3) | Est. Prin. Window (mos)(3) | Expected Final Maturity(3) | Stated Final Maturity | Expected Ratings (S&P/Moody’s/Fitch) |
AF-1 | 69,000,000 | I | FIX-SEQ | EDSF | 1.00 | 21 | Sep-04 | Mar-18 | AAA/Aaa/AAA |
AF-2 | 18,500,000 | I | FIX-SEQ | Swaps | 2.00 | 7 | Mar-05 | Jun-20 | AAA/Aaa/AAA |
AF-3 | 38,000,000 | I | FIX-SEQ | Swaps | 3.00 | 21 | Nov-06 | Oct-23 | AAA/Aaa/AAA |
AF-4 | 60,100,000 | I | FIX-SEQ | Swaps | 5.62 | 46 | Aug-10 | Nov-28 | AAA/Aaa/AAA |
AF-5 | 4,830,000 | I | FIX-SEQ | Swaps | 7.87 | 5 | Dec-10 | Dec-32 | AAA/Aaa/AAA |
AF-6 | 21,160,000 | I | FIX-NAS | Swaps | 6.06 | 52 | Oct-10 | Dec-32 | AAA/Aaa/AAA |
AV | 286,410,000 | II | FLT-PT | 1ML | 1.78 | 96 | Dec-10 | Dec-32 | AAA/Aaa/AAA |
M-1 | 45,000,000 | I & II | FLT-MEZ | 1ML | 5.57 | 68 | Oct-11 | Dec-32 | AA/Aa2/AA |
M-2 | 36,000,000 | I & II | FLT-MEZ | 1ML | 5.80 | 80 | Sep-12 | Dec-32 | A/A2/A |
B | 21,000,000 | I & II | FLT-SUB | 1ML | 6.04 | 89 | May-13 | Dec-32 | BBB/Baa2/BBB |
A-IO(4) | 189,036,000 | I & II | FIX-IO | N/A | 1.51 | N/A | Nov-05 | N/A | AAA/Aaa/AAA |
To 20% Optional Termination
Class(1) | Approx. Size(2) | Group | Type | Benchmark | Est. WAL (yrs)(3) | Est. Prin. Window (mos)(3) | Expected Final Maturity(3) | Stated Final Maturity | Expected Ratings (S&P/Moody’s/Fitch) |
AF-4 | 60,100,000 | I | FIX-SEQ | Swaps | 5.00 | 18 | Apr-08 | Nov-28 | AAA/Aaa/AAA |
AF-5 | 4,830,000 | I | FIX-SEQ | Swaps | 5.37 | 1 | Apr-08 | Dec-32 | AAA/Aaa/AAA |
AF-6 | 21,160,000 | I | FIX-NAS | Swaps | 5.13 | 22 | Apr-08 | Dec-32 | AAA/Aaa/AAA |
AV | 286,410,000 | II | FLT-PT | 1ML | 1.70 | 64 | Apr-08 | Dec-32 | AAA/Aaa/AAA |
M-1 | 45,000,000 | I & II | FLT-MEZ | 1ML | 4.50 | 26 | Apr-08 | Dec-32 | AA/Aa2/AA |
M-2 | 36,000,000 | I & II | FLT-MEZ | 1ML | 4.45 | 27 | Apr-08 | Dec-32 | A/A2/A |
B | 21,000,000 | I & II | FLT-SUB | 1ML | 4.43 | 28 | Apr-08 | Dec-32 | BBB/Baa2/BBB |
Pricing Speed
Group I: | 115% PPC 100% PPC assumes that prepayments start at 4% CPR in month one, increase by approximately 1.455% each month to 20% CPR in month twelve, and remain at 20% CPR thereafter. |
Group II: | 28% CPR |
(1)
The Certificates are subject to a 20% Optional Termination (as described herein). After the first Distribution Date on which the Optional Termination is exercisable, the coupon on the Class AF-4 and AF-5 Certificates will increase by 0.50%. All Certificates (other than the Class A-IO Certificates) are expected to be subject to an interest rate cap (as described herein).
(2)
The principal balance of each class of Certificates is subject to a +/– 5% variance.
(3)
See “Pricing Prepayment Speed” herein.
(4)
The Class A-IO Certificate does not have a certificate principal balance but will accrue interest at a rate of 5.00% per annum for 35 months on the Group I A-IO Component Notional Balance and at a rate of 4.00% per annum for 35 months on the Group II A-IO Component Notional Balance, each as described herein.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Preliminary Summary of Terms
Transaction: | Centex Home Equity Loan Trust 2002-D Asset-Backed Certificates, Series 2002-D | |||
Certificates Offered: | $211,590,000 Fixed Rate Certificates, plus an interest only Fixed Rate Certificate that accrues interest on a scheduled notional amount $388,410,000 Floating Rate Certificates (both subject to a variance of 5%) | |||
Depositor: | CHEC Funding, LLC | |||
Originator and Servicer: | Centex Home Equity Company, LLC | |||
Sellers: | Centex Home Equity Company, LLC Harwood Street Funding II, LLC | |||
Trustee: | JPMorgan Chase Bank | |||
Custodian: | Bank One Trust Company, N. A. | |||
Underwriters: | Credit Suisse First Boston (Lead Manager) Banc of America Securities LLC (Co-Manager) Greenwich Capital Markets, Inc. (Co-Manager) Salomon Smith Barney (Co-Manager) | |||
Expected Pricing Date: | December [5], 2002 | |||
Expected Settlement Date: | December 12, 2002 | |||
Distribution Date: | 25th of each month, or the next succeeding Business Day (First Payment Date: January 27, 2003) | |||
Cut-Off Date: | December 1, 2002 | |||
Statistical Calculation Date: | November 1, 2002 | |||
Delay Days: | 24 days on Class AF-1 through AF-6 Certificates and A-IO Certificates 0 days on Class AV Certificates, Class M-1, Class M-2 and Class B Certificates | |||
Day Count: | 30/360 on Class AF-1 through AF-6 Certificates and A-IO Certificates Actual/360 on Class AV Certificates, Class M-1, Class M-2, and Class B Certificates | |||
Accrued Interest: | Class AF-1 through AF-6 Certificates and Class A-IO Certificates settle with accrued interest from December 1, 2002 Class AV, Class M-1, Class M-2 and Class B Certificates settle flat (no accrued interest) | |||
Interest Accrual Period: | With respect to the Class AF-1 through AF-6 Certificates and Class A-IO Certificates, interest accrues during the month preceding the current Distribution Date. With respect to the Class AV, Class M-1, Class M-2 and Class B Certificates, interest accrues from the last Distribution Date through the day preceding the current Distribution Date | |||
Clearing: | DTC, Euroclear or Cedel | |||
SMMEA Eligibility: | None of the Certificates is expected to be SMMEA eligible | |||
ERISA Eligibility: | All Certificates are expected to be ERISA eligible | |||
Tax Status: | One or more REMICs for Federal income tax purposes | |||
Certificate Ratings: | The Certificates are expected to receive the following ratings from Standard & Poor's Ratings Service, a division of McGraw-Hill Companies, Inc., Moody's Investors Service, Inc. and Fitch Ratings: | |||
Class | S&P | Moody’s | Fitch | |
AF-1 | AAA | Aaa | AAA | |
AF-2 | AAA | Aaa | AAA | |
AF-3 | AAA | Aaa | AAA | |
AF-4 | AAA | Aaa | AAA | |
AF-5 | AAA | Aaa | AAA | |
AF-6 | AAA | Aaa | AAA | |
AV | AAA | Aaa | AAA | |
M-1 | AA | Aa2 | AA | |
M-2 | A | A2 | A | |
B | BBB | Baa2 | BBB | |
A-I0 | AAA | Aaa | AAA | |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Optional Termination: | The entire transaction is eligible for call when the combined outstanding principal balance of the Group I and Group II mortgage loans reaches 20% or less of the Cut-Off Date principal balance of such loans, provided the Class A-IO Certificates are not outstanding. |
– Auction Sale | If the Optional Termination is not exercised on the first Distribution Date on which it could have been exercised, on the next Distribution Date the Trustee will begin an auction process to sell the home equity loans and other assets of the trust. The Trustee will sell the home equity loans and other assets of the trust if the amounts that will be received from the Auction Sale will be equal to the greater of (a) the sum of (i) the outstanding principal balance of the home equity loans (other than those referred to in clause (ii) below), including accrued interest thereon, and (ii) for REO property and home equity loans as to which foreclosure proceedings h ave been initiated or are otherwise 120 days or more delinquent, the fair market value of such REO property and home equity loans (disregarding accrued interest thereon) and (b) the sum of the outstanding Certificate principal balance, accrued and unpaid interest thereon, unreimbursed servicing advances, delinquency advances and compensating interest, and any delinquency advances the Servicer has failed to remit, other than carryover amounts. |
– Step-up Coupon | If the Optional Termination is not exercised on the first Distribution Date on which it could have been exercised, the certificate rate on the Class AF-4 and Class AF-5 Certificates is increased by 0.50%. |
– “Full Turbo” | In addition, beginning on the third Distribution Date after the first date on which the Optional Termination could have been exercised, amounts that otherwise would have been paid to the residual will be applied as principal to pay the Certificates in the following order of priority: (1) on a pro rata basis, by outstanding principal balance, amongst the Group I and Group II Senior Certificates until each group of Senior Certificates is reduced to zero, and within the Group I Senior Certificates, first to (a) the Class AF-6 Certificates, their pro rata portion of allocable Group I principal in accordance with the Class AF-6 Lockout Percentage until the class ’s principal balance is reduced to zero and second (b) sequentially to the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5 and Class AF-6 Certificates, in that order, until each class principal balance is reduced to zero, and (2) sequentially to the Subordinate Certificates until each class principal balance is reduced to zero. |
Credit Enhancement: | * Excess interest * Initially, the overcollateralization amount will equal zero and beginning on the sixth Distribution Date will build to 2.50% of the original collateral balance via the application of excess interest; the overcollateralization level may stepdown over time(1) * Subordination of the Class M-1, M-2 and B Certificates * Cross-collateralization: excess interest from one loan group will be available to fund interest shortfalls, cover losses and build overcollateralization for the benefit of the other loan group |
(1)
The level of overcollateralization is subject to final rating agency approval.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Credit Enhancement Percentages: | Target Percentages | Stepdown Percentages | ||
Tranche | Percent | Tranche | Percent | |
Senior | [19.50]% | Senior | [39.00]% | |
Class M-1 | [12.00]% | Class M-1 | [24.00]% | |
Class M-2 | [6.00]% | Class M-2 | [12.00]% | |
Class B | [2.50]% | Class B | [5.00]% | |
On any Distribution Date, the Senior Enhancement Percentage will equal (i) the sum of (a) the principal balance of the Subordinate Certificates and (b) the Overcollateralization Amount, divided by (ii) the outstanding collateral balance. | ||||
Senior Certificates: | Class AF-1 through Class AF-6 Certificates, A-IO and AV Certificates | |||
Class A-IO Certificate: | Collectively, the Group I A-IO component and the Group II A-IO component. The notional amount of each A-IO component will be equal to the lesser of (i) the aggregate principal balance of the loans in the related group and (ii) the notional amount specified in the schedule set forth under “Class A-IO Notional Amount” below. The Group I A-IO component and the Group II A-IO component may not be traded separately. | |||
Group I Certificates: | Class AF-1 through Class AF-6 Certificates and the Group I A-IO component (backed primarily by the fixed rate loans) | |||
Group II Certificates: | Class AV Certificates and the Group II A-IO component (backed primarily by the adjustable rate loans) | |||
Subordinate Certificates: | Class M-1, Class M-2 and Class B Certificates | |||
Fixed Rate Certificates: | Class AF-1 through Class AF-6 Certificates and Class A-IO Certificates | |||
Floating Rate Certificates: | Class AV, M-1, M-2 and B Certificates | |||
Due Period: | The calendar month preceding the calendar month in which the related Distribution Date occurs. | |||
Principal Distribution Amount: | On any Distribution Date, the lesser of (i) aggregate outstanding certificate principal balance (other than the Class A-IO Certificates) and (ii) aggregate principal collections on the loans minus any excess OC amount plus (a) the Subordination Increase Amount and (b) with respect to the first five Distribution Dates to the extent of available excess interest, an amount equal to the amount of any realized losses that would otherwise be allocated to the Subordinate Certificates on such Distribution Date. | |||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Senior Principal Distribution Amount: | Prior to the Stepdown Date or while a Trigger Event is in effect, the Senior Principal Distribution Amount will equal 100% of the Principal Distribution Amount. On or after the Stepdown Date assuming the Trigger Event is not in effect, the Senior Principal Distribution Amount will equal the lesser of (i) the Principal Distribution Amount and (ii) the excess of the outstanding principal balance of the Senior Certificates (other than the Class A-IO Certificates) over the lesser of (a) approximately 61.0% times the outstanding collateral balance and (b) the outstanding collateral balance minus the OC Floor amount. The remaining principal amount, if any, will be allocated to the Subordinate Certificates to maintain their respective Stepdown Percentages. | |
Group I Principal Distribution Amount: | On any Distribution Date, the Group I Certificates (other than the Group I A-IO component) will receive the greater of (i) the Fixed Allocation Percentage times the Senior Principal Distribution Amount; (ii) the Group I Parity Amount; and (iii) the difference between (a) the Senior Principal Distribution Amount and (b) the principal balance of the Class AV Certificates immediately prior to the applicable Distribution Date, such amount being the “Group I Principal Distribution Amount”. TheFixed Allocation Percentage is a fraction equal to (i) the excess of (a) the fixed rate collateral balance at the beginning of the related Due Period over (b) the fixed rate collateral balance at the end of the related Due Period over (ii) the difference between (a) aggregate collateral balance at the beginning of the related Due Period and (b) the aggregate collateral balance at the end of the related Due Period TheGroup I Parity Amount equals the greater of (i) zero, and (ii) the difference between (a) the principal balance of the Group I Certificates (other than the Group I A-IO component) immediately prior to the applicable Distribution Date and (b) the fixed rate collateral balance at the end of the related Due Period. | |
Class AF-6 Principal Distribution Amount: | On any Distribution Date, the Class AF-6 Principal Distribution Amount is equal to the Class AF-6 Lockout Percentage multiplied by the Class AF-6 pro-rata allocation of the Group I Principal Distribution Amount. The Class AF-6 Lockout Percentage is equal to the following: | |
Distribution Dates | Class AF-6 Lockout Percentage | |
1–36 | 0% | |
37–60 | 45% | |
61–72 | 80% | |
73–84 | 100% | |
85 and thereafter | 300% | |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Group II Principal Distribution Amount: | On any Distribution Date, the Group II Certificates (other than the Group II A-IO component) will receive the excess of (i) the Senior Principal Distribution Amount over (ii) the Group I Principal Distribution Amount. |
Certificate Rate: | Each of the Class AF-1 through AF-6 Certificates will bear interest at a fixed rate, equal to the lesser of (i) its applicable fixed rate of interest and (ii) the Group I Net WAC Cap. The Class AV Certificates will bear interest at a rate that adjusts monthly, equal to the lesser of (i) one-month LIBOR, plus the applicable margin (the “Formula Rate”) and (ii) the Group II Net WAC Cap. Each class of Subordinate Certificates will bear interest at a rate that adjusts monthly, equal to the lesser of (i) the applicable Formula Rate and (ii) the Subordinate Net WAC Cap. |
Group I Net WAC Cap: | As to any Distribution Date, other than the first Distribution Date, the Group I Certificates (other than the Group I A-IO component) will be subject to the Group I Net WAC Cap, which will be equal to the weighted average loan rate of the Group I home equity loans less (i) the servicing fee, (ii) the trustee fee and (iii) the product of (a) 5.00% per annum and (b) a fraction, the numerator of which is the Group I A-IO component notional amount for that period and the denominator of which is the Group I loan principal balance as of the beginning of that period. |
Group II Net WAC Cap: | As to the first Distribution Date and the Class AV Certificates, the Group II Net WAC Cap is a per annum rate equal to a fraction, the numerator of which is the amount of all interest received on the Group II home equity loans for the related Due Period less the trustee fee, servicing fee and interest payable on the Group II A-IO component on such Distribution Date and the denominator of which is the certificate principal balance of such class immediately prior to such Distribution Date. As to any Distribution Date (other than the first Distribution Date) and the Class AV Certificates, the Group II Net WAC Cap is equal to the product of (i) the weighted ave rage loan rate of the Group II home equity loans less (a) the servicing fee, (b) the trustee fee and (c) the product of (x) 4.00% and (y) a fraction, the numerator of which is the Group II A-IO component notional amount for that period and the denominator of which is the Group II loan principal balance as of the beginning of that period and (ii) 30 divided by the number of days in the related accrual period. |
Subordinate Net WAC Cap: | With respect to any Distribution Date, the Subordinate Net WAC Cap is a per annum rate equal to the weighted average of the Group I Net WAC Cap and the Group II Net WAC Cap, weighted on the basis of the related Group Subordinate Amount for such Distribution Date and adjusted to reflect an actual/360 day count convention. The “Group Subordinate Amount” for each group and any Distribution Date is the excess of the aggregate collateral balance for such group for the immediately preceding Distribution Date over the aggregate certificate principal balance of the Senior Certificates of such group immediately prior to such Distribution Date. |
Group I Net WAC Cap Carryover: | As to any Distribution Date, following the first Distribution Date, and the Group I Certificates (other than the Group I A-IO component), the sum of (a) the excess, if any, of the related class monthly interest amount, calculated at the applicable certificate rate without regard to the Group I Net WAC Cap, over the class monthly interest amount for the applicable Distribution Date, (b) any Group I Net WAC Cap Carryover remaining unpaid from prior Distribution Dates and (c) one month's interest on the amount in clause (b) calculated at the applicable certificate rate without regard to the Group I Net WAC Cap. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Group II Net WAC Cap Carryover: | As to any Distribution Date of the Group II Certificates (other than the Group II A-IO component), the sum of (a) the excess, if any, of the amount payable under the related Formula Rate over the related class monthly interest amount for the related class and Distribution Date, (b) any Group II Net WAC Carryover remaining unpaid from prior Distribution Dates and (c) one month’s interest on the amount in clause (b) calculated at the related Formula Rate. |
Subordinate Net WAC Cap Carryover: | As to any Distribution Date of the Subordinate Certificates, the sum of (a) the excess, if any, of the amount payable under the related Formula Rate over the related class monthly interest amount for the related class and Distribution Date, (b) any Subordinate Net WAC Carryover remaining unpaid from prior Distribution Dates and (c) one month’s interest on the amount in clause (b) calculated at the related Formula Rate. |
Class Principal Carryover Shortfall: | As to any class of Subordinate Certificates and any Distribution Date, the excess, if any, of (i) the sum of (x) the amount of the reduction in the certificate principal balance of that class of Subordinate Certificates on such Distribution Date as a result of realized loss amounts and (y) the amount of such reductions on prior Distribution Dates over (ii) the amount distributed in respect of the Class Principal Carryover Shortfall to such class of Subordinate Certificates on prior Distribution Dates. |
Class Interest Carryover Shortfall: | As to any class of Certificates and any Distribution Date, an amount equal to the sum of (1) the excess of the related class monthly interest amount for the preceding Distribution Date and any outstanding Class Interest Carryover Shortfall with respect to that class on the preceding Distribution Dates, over the amount in respect of interest that is actually distributed to the holders of the class on the preceding Distribution Date plus (2) one month's interest on the excess, to the extent permitted by law, at the related certificate rate. |
Subordination Increase Amount: | With respect to the first five Distribution Dates, zero, and as to each subsequent Distribution Date, the lesser of (i) the target overcollateralization amount minus the actual overcollateralization amount and (ii) excess interest that can be applied to repay the outstanding certificate principal balance. |
OC Floor: | 0.50% of the Cut-Off Date collateral balance |
Stepdown Date: | The later to occur of (i) the earlier to occur of (a) the 37th Distribution Date and (b) the Distribution Date after which the certificate principal balances of the Senior Certificates have been reduced to zero and (ii) the first Distribution Date on which the Senior Enhancement Percentage (after taking into account distributions of principal on such Distribution Date) is at least equal to [39.00]%. |
OC Spread Holiday: | The overcollateralization amount will equal zero at closing through and including the fifth Distribution Date. During the five month OC Spread Holiday, excess interest will be subordinated to cover realized losses, but otherwise will not be applied to repay the outstanding Certificate principal balance and will instead flow to the holder of the residual interest. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Delinquency Advances: | The Servicer will advance unpaid interest to the trust out of its own funds or out of collections on the home equity loans that are not required to be distributed on the related Distribution Date, as long as it deems the amount to be recoverable. The Servicer is entitled to be reimbursed by the trust for any delinquency advances from the related home equity loan and, if the delinquency advance becomes a non-recoverable advance, from collections on all the home equity loans prior to any distributions to holders of Certificates. | |
Servicing Advances: | The Servicer will pay all out of pocket costs related to its servicing obligations, including, but not limited to: (a) expenses in connection with a foreclosed home equity loan prior to the liquidation of that loan, (b) the costs of any judicial proceedings, including foreclosures and (c) the cost of managing and liquidating property acquired in relation to the loans, as long as it deems the costs to be recoverable. The Servicer is entitled to be reimbursed by the trust for any servicing advances from the liquidation proceeds realized upon the liquidation of the related home equity loan prior to any distributions to holders of Certificates. | |
Compensating Interest: | The Servicer will be required to remit any interest shortfalls due to the receipt of less than thirty days of accrued interest with a full prepayment up to the amount of the aggregate servicing fee for the related period and has rights to reimbursement from all home equity loans of both home equity loan groups to the extent funds are available after making other required distributions on the related Distribution Date. | |
Trigger Event: | Occurs if (a) the three-month rolling average of all loans that are 60+ days delinquent exceeds [41]% of the Senior Enhancement Percentage. 60+ delinquent loans includes the sum of all loans that are (i) 60+ days delinquent, (ii) in foreclosure, (iii) in REO and (iv) in bankruptcy and are 60+ days delinquent; or (b) the aggregate amount of realized losses incurred since the Cut-Off Date through the last day of such preceding collection period divided by the Cut-Off Date collateral balance exceeds the applicable percentages set forth below with respect to such Distribution Date: | |
Distribution Date | Percentage | |
January 25, 2006 to December 25, 2006: | [3.25]% for the first month, plus an additional 1/12th of 2.00% for each month thereafter. | |
January 25, 2007 to December 25, 2007: | [5.25]% for the first month, plus an additional 1/12th of 1.50% for each month thereafter. | |
January 25, 2008 to December 25, 2008: | [6.75]% for the first month, plus an additional 1/12th of 0.75% for each month thereafter. | |
January 25, 2009 to December 25, 2009: | [7.50]% for the first month, plus an additional 1/12th of 0.25% for each month thereafter. | |
January 25, 2010 and thereafter: | [7.75]% | |
If the trigger event is violated, the required overcollateralization amount will not be allowed to step down and will be equal to the previous period’s required overcollateralization amount. | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Distributions: | A. Funds received with respect to Home Equity Loan Group I will be applied as follows: 1. To the Trustee, the Trustee Fee for the related Group and Distribution Date; 2. To the Group I Certificates, pro rata, to pay accrued interest and any Class Interest Carryover Shortfalls for such Distribution Date; 3. The remaining amounts pursuant to clause C. below. B. Funds received with respect to Home Equity Loan Group II will be applied as follows: 1. To the Trustee, the Trustee Fee for the related Group and Distribution Date; 2. To the Group II Certificates, pro rata, to pay accrued interest and Class Interest Carryover Shortfalls for such Distribution Date; 3. The remaining amounts pursuant to clause C. below. C. The remaining amounts not applied pursuant to A. or B. above will be applied as follows: 1. Concurrently, to the Senior Certificates in both certificate groups, pro-rata, interest to the extent not paid pursuant to clauses A. and B. above on the applicable Distribution Date. 2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, accrued interest for the applicable Distribution Date. 3. To the Senior Certificates (other than the Class A-IO Certificates), the Senior Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount, concurrently as follows: (i) To the Group I Certificates, the Group I Principal Distribution Amount in the following order of priority: (a) to the Class AF-6 Certificates, an amount equal to the Class AF-6 Principal Distribution Amount; and (b) sequentially, to the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, and Class AF-6 Certificates, in that order, until the respective class principal balances of such Certificates have been reduced to zero. (ii) To the Class AV Certificates, the Group II Principal Distribution Amount until the principal balance of such Certificates has been reduced to zero. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Distributions (continued): | 4. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount. 5. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount. 6. To the Class B Certificates, the Class B Principal Distribution Amount for the applicable Distribution Date, excluding any Subordination Increase Amount included in that amount. 7. To the offered Certificates (other than the Class A-IO Certificates), the Subordination Increase Amount as principal for the applicable Distribution Date, allocated in the manner and order of priority set forth in clauses 3, 4, 5, and 6 of clause C, above. 8. To the Class M-1 Certificates, (i) any Class Interest Carryover Shortfall and then (ii) any Class Principal Carryover Shortfall. 9. To the Class M-2 Certificates, (i) any Class Interest Carryover Shortfall and then (ii) any Class Principal Carryover Shortfall. 10. To the Class B Certificates, (i) any Class Interest Carryover Shortfall and then (ii) any Class Principal Carryover Shortfall. 11.To the Supplemental Interest Reserve Fund for subsequent distribution in accordance with priorities 12 and 13. 12. Concurrently, (i) to the Group I Certificates (other than the Group I A-IO component), pro-rata, a payment to the extent of any unpaid Group I Net WAC Cap Carryover from the Supplemental Interest Reserve Fund with respect to Group I and (ii) to the Class AV Certificates, the related Group II Net WAC Cap Carryover from the Supplemental Interest Reserve Fund with respect to Group II. 13. Sequentially to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Subordinate Net WAC Cap Carryover from the Supplemental Interest Reserve Fund. 14.To the Trustee as reimbursement for all reimbursable expenses incurred in connection with its duties and obligations under the pooling and servicing agreement to the extent not paid pursuant to clauses A.1 and B.1 above. 15. To the Servicer to the extent of any unreimbursed Delinquency Advances, unreimbursed Servicing Advances and unreimbursed compensating interest. 16. To the holder of the residual interest, any remaining amount. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Class M-1 Principal Distribution Amount: | (i) Prior to the Stepdown Date and on any Distribution Date thereafter on which the Trigger Event is in effect, zero if any of the Senior Certificates remain outstanding; 100% of the Principal Distribution Amount if the Senior Certificates have been reduced to zero; (ii) following the Stepdown Date and to the extent the Trigger Event is not in effect, the excess of (i) the sum of (a) the aggregate outstanding principal balance of the Senior Certificates after distribution of the Senior Principal Distribution Amount on the related Distribution Date and (b) the outstanding balance of the Class M-1 Certificates immediately prior to the related Distribution Date over (ii) the lesser of (a) approximately 76.0% of the outstanding collateral balance on the last day of the related Due Period and (b) the outstanding collateral balance on the last day of the related Due Period minus the OC Floor. |
Class M-2 Principal Distribution Amount: | (i) Prior to the Stepdown Date and on any Distribution Date thereafter on which the Trigger Event is in effect, zero if any of the Senior or Class M-1 Certificates remain outstanding; 100% of the Principal Distribution Amount if the Senior and Class M-1 Certificates have been reduced to zero; (ii) following the Stepdown Date and to the extent the Trigger Event is not in effect, the excess of (i) the sum of (a) the aggregate outstanding principal balance of the Senior and Class M-1 Certificates after distribution of the Senior and Class M-1 Principal Distribution Amounts, respectively, on the related Distribution Date and (b) the outstanding balance of the Class M - -2 Certificates immediately prior to the related Distribution Date over (ii) the lesser of (a) approximately 88.0% of the outstanding collateral balance on the last day of the related Due Period and (b) the outstanding collateral balance on the last day of the related Due Period minus the OC Floor. |
Class B Principal Distribution Amount: | (i) Prior to the Stepdown Date and on any Distribution Date thereafter on which the Trigger Event is in effect, zero if any of the Senior, Class M-1 or Class M-2 Certificates remain outstanding; 100% of the Principal Distribution Amount if the Senior Certificates and Class M-1 and Class M-2 Certificates have been reduced to zero; (ii) following the Stepdown Date and to the extent the Trigger Event is not in effect, the excess of (i) the sum of (a) the aggregate outstanding principal balance of the Senior, Class M-1 and Class M-2 Certificates after distribution of the Senior, Class M-1 and Class M-2 Principal Distribution Amounts, respectively, on the relate d Distribution Date and (b) the outstanding balance of the Class B Certificates immediately prior to the related Distribution Date over (ii) the lesser of (a) approximately 95.0% of the outstanding collateral balance on the last day of the related Due Period and (b) the outstanding collateral balance on the last day of the related Due Period minus the OC Floor. |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Class A-IO Notional Amount: | The Class A-IO Certificate does not have a certificate principal balance but will accrue interest at a rate of 5.00% per annum on the Group I A-IO scheduled notional amount and at a rate of 4.00% per annum on the Group II A-IO scheduled notional amount. The “Notional Amount” of the Class A-IO Certificates shall equal the sum of its two Component Notional Balances. The Group I A-IO Component Notional Balance and the Group II A-IO Component Notional Balance will be equal to the lesser of (i) the aggregate principal balance of the loans in the related group and (ii) the following schedule: | ||
Period | Group I A-IOComponentNotional Balance | Group II A-IOComponentNotional Balance | |
1 | 82,656,000 | 106,380,000 | |
2 | 82,656,000 | 106,380,000 | |
3 | 66,000,000 | 84,000,000 | |
4 | 66,000,000 | 84,000,000 | |
5 | 66,000,000 | 84,000,000 | |
6 | 54,000,000 | 60,600,000 | |
7 | 54,000,000 | 60,600,000 | |
8 | 54,000,000 | 60,600,000 | |
9 | 48,000,000 | 54,300,000 | |
10 | 48,000,000 | 54,300,000 | |
11 | 48,000,000 | 54,300,000 | |
12 | 48,000,000 | 54,300,000 | |
13 | 48,000,000 | 54,300,000 | |
14 | 48,000,000 | 54,300,000 | |
15 | 48,000,000 | 54,300,000 | |
16 | 48,000,000 | 52,312,500 | |
17 | 42,000,000 | 52,312,500 | |
18 | 40,800,000 | 52,312,500 | |
19 | 40,200,000 | 52,312,500 | |
20 | 40,200,000 | 51,330,000 | |
21 | 40,200,000 | 51,330,000 | |
22 | 38,400,000 | 49,740,000 | |
23 | 38,400,000 | 49,740,000 | |
24 | 38,400,000 | 49,740,000 | |
25 | 24,864,000 | 32,046,000 | |
26 | 24,864,000 | 32,046,000 | |
27 | 24,864,000 | 32,046,000 | |
28 | 24,864,000 | 32,046,000 | |
29 | 24,864,000 | 32,046,000 | |
30 | 24,864,000 | 32,046,000 | |
31 | 24,864,000 | 32,046,000 | |
32 | 24,864,000 | 32,046,000 | |
33 | 24,424,000 | 32,046,000 | |
34 | 22,828,000 | 32,046,000 | |
35 | 21,334,000 | 32,046,000 | |
36 and thereafter | 0 | 0 | |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Group II Net WAC Cap
Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | |
1 | NA | NA | 33 | 8.300 | 9.900 | |
2 | 7.202 | 7.202 | 34 | 8.554 | 10.208 | |
3 | 8.200 | 8.200 | 35 | 8.262 | 9.900 | |
4 | 7.381 | 7.381 | 36 | 9.672 | 12.536 | |
5 | 7.601 | 7.601 | 37 | 9.360 | 12.132 | |
6 | 7.708 | 7.708 | 38 | 9.360 | 12.132 | |
7 | 7.945 | 7.945 | 39 | 10.363 | 13.432 | |
8 | 7.668 | 7.668 | 40 | 9.360 | 12.132 | |
9 | 7.726 | 7.726 | 41 | 9.672 | 12.567 | |
10 | 7.964 | 7.964 | 42 | 9.360 | 13.100 | |
11 | 7.687 | 7.687 | 43 | 9.672 | 13.537 | |
12 | 7.987 | 8.037 | 44 | 9.360 | 13.100 | |
13 | 7.709 | 7.757 | 45 | 9.360 | 13.100 | |
14 | 7.688 | 7.736 | 46 | 9.672 | 13.537 | |
15 | 8.194 | 8.246 | 47 | 9.360 | 13.130 | |
16 | 7.673 | 7.721 | 48 | 9.672 | 14.422 | |
17 | 7.905 | 7.955 | 49 | 9.360 | 13.957 | |
18 | 7.627 | 7.787 | 50 | 9.360 | 13.957 | |
19 | 7.857 | 8.022 | 51 | 10.363 | 15.452 | |
20 | 7.596 | 7.755 | 52 | 9.360 | 13.957 | |
21 | 7.571 | 7.730 | 53 | 9.672 | 14.448 | |
22 | 7.827 | 7.991 | 54 | 9.360 | 14.780 | |
23 | 7.569 | 7.755 | 55 | 9.672 | 15.272 | |
24 | 8.409 | 9.321 | 56 | 9.360 | 14.780 | |
25 | 8.456 | 9.339 | 57 | 9.360 | 14.780 | |
26 | 8.439 | 9.321 | 58 | 9.672 | 15.272 | |
27 | 9.323 | 10.300 | 59 | 9.360 | 14.786 | |
28 | 8.402 | 9.284 | 60 | 9.673 | 15.531 | |
29 | 8.662 | 9.597 | 61 | 9.361 | 15.030 | |
30 | 8.363 | 9.962 | 62 | 9.361 | 15.030 | |
31 | 8.620 | 10.273 | 63 | 10.006 | 16.066 | |
32 | 8.321 | 9.921 | 64 | 9.361 | 15.030 |
(1)
Assumes 1 month LIBOR is instantaneously increased to 20.00% and ran at pricing prepayment speed.
(2)
Assumes all indices are instantaneously increased to 20.00% and ran at pricing prepayment speed.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Subordinate Net WAC Cap
Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | Period | Net WAC Cap (%)(1) | Net WAC Cap (%)(2) | |
1 | NA | NA | 33 | 8.274 | 9.807 | |
2 | 7.202 | 7.202 | 34 | 8.529 | 10.112 | |
3 | 8.200 | 8.200 | 35 | 8.240 | 9.808 | |
4 | 7.381 | 7.381 | 36 | 9.644 | 12.385 | |
5 | 7.601 | 7.601 | 37 | 9.333 | 11.985 | |
6 | 7.708 | 7.708 | 38 | 9.345 | 12.049 | |
7 | 7.944 | 7.944 | 39 | 10.360 | 13.416 | |
8 | 7.668 | 7.668 | 40 | 9.372 | 12.193 | |
9 | 7.725 | 7.725 | 41 | 9.701 | 12.718 | |
10 | 7.962 | 7.962 | 42 | 9.405 | 13.404 | |
11 | 7.685 | 7.685 | 43 | 9.739 | 13.986 | |
12 | 7.984 | 8.033 | 44 | 9.419 | 13.496 | |
13 | 7.705 | 7.753 | 45 | 9.410 | 13.440 | |
14 | 7.683 | 7.730 | 46 | 9.715 | 13.829 | |
15 | 8.189 | 8.239 | 47 | 9.393 | 13.356 | |
16 | 7.667 | 7.714 | 48 | 9.697 | 14.625 | |
17 | 7.902 | 7.950 | 49 | 9.375 | 14.081 | |
18 | 7.624 | 7.780 | 50 | 9.366 | 14.007 | |
19 | 7.854 | 8.014 | 51 | 10.363 | 15.452 | |
20 | 7.592 | 7.747 | 52 | 9.360 | 13.957 | |
21 | 7.567 | 7.722 | 53 | 9.672 | 14.448 | |
22 | 7.823 | 7.983 | 54 | 9.360 | 14.780 | |
23 | 7.564 | 7.745 | 55 | 9.672 | 15.272 | |
24 | 8.386 | 9.270 | 56 | 9.360 | 14.780 | |
25 | 8.437 | 9.292 | 57 | 9.360 | 14.780 | |
26 | 8.418 | 9.272 | 58 | 9.672 | 15.272 | |
27 | 9.299 | 10.243 | 59 | 9.360 | 14.786 | |
28 | 8.379 | 9.231 | 60 | 9.673 | 15.531 | |
29 | 8.638 | 9.539 | 61 | 9.361 | 15.030 | |
30 | 8.338 | 9.877 | 62 | 9.361 | 15.030 | |
31 | 8.594 | 10.182 | 63 | 10.006 | 16.066 | |
32 | 8.295 | 9.830 | 64 | 9.361 | 15.030 |
(1)
Assumes 1 month LIBOR is instantaneously increased to 20.00% and ran at pricing prepayment speed.
(2)
Assumes all indices are instantaneously increased to 20.00% and ran at pricing prepayment speed.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Sensitivity Analysis – To Maturity
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class AF-1 | |||||||
Avg. Life (yrs) | 1.78 | 1.33 | 1.10 | 1.00 | 0.85 | 0.72 | 0.63 |
Mod. Dur. (yrs) | 1.72 | 1.29 | 1.07 | 0.98 | 0.83 | 0.70 | 0.62 |
Window (mo) | 42 | 30 | 23 | 21 | 17 | 13 | 12 |
Expected Final Mat. | Jun06 | Jun05 | Nov04 | Sep04 | May04 | Jan04 | Dec03 |
Yield at 99.997320% | 2.36893 | 2.33848 | 2.31214 | 2.29800 | 2.26847 | 2.23373 | 2.20216 |
Class AF-2 | |||||||
Avg. Life (yrs) | 4.13 | 2.88 | 2.25 | 2.00 | 1.60 | 1.27 | 1.09 |
Mod. Dur. (yrs) | 3.83 | 2.72 | 2.15 | 1.92 | 1.54 | 1.23 | 1.06 |
Window (mo) | 16 | 10 | 8 | 7 | 5 | 4 | 3 |
Expected Final Mat. | Sep07 | Mar06 | Jun05 | Mar05 | Sep04 | Apr04 | Feb04 |
Yield at 99.989816% | 3.02897 | 3.00848 | 2.98943 | 2.97844 | 2.95396 | 2.92226 | 2.89660 |
Class AF-3 | |||||||
Avg. Life (yrs) | 6.72 | 4.49 | 3.39 | 3.00 | 2.23 | 1.69 | 1.38 |
Mod. Dur. (yrs) | 5.84 | 4.07 | 3.13 | 2.79 | 2.11 | 1.62 | 1.33 |
Window (mo) | 55 | 32 | 23 | 21 | 12 | 8 | 5 |
Expected Final Mat. | Mar12 | Oct08 | Apr07 | Nov06 | Aug05 | Nov04 | Jun04 |
Yield at 99.975399% | 3.67056 | 3.65412 | 3.63788 | 3.62934 | 3.60377 | 3.57204 | 3.54187 |
Class AF-4 | |||||||
Avg. Life (yrs) | 12.89 | 8.90 | 6.59 | 5.62 | 4.19 | 2.20 | 1.72 |
Mod. Dur. (yrs) | 9.53 | 7.14 | 5.55 | 4.84 | 3.72 | 2.06 | 1.63 |
Window (mo) | 76 | 67 | 55 | 46 | 39 | 8 | 6 |
Expected Final Mat. | Jun18 | Apr14 | Oct11 | Aug10 | Oct08 | Jun05 | Nov04 |
Yield at 99.966888% | 4.62863 | 4.63304 | 4.62463 | 4.61618 | 4.61519 | 4.49175 | 4.45685 |
Class AF-5 | |||||||
Avg. Life (yrs) | 15.77 | 11.54 | 9.01 | 7.87 | 6.04 | 2.54 | 1.95 |
Mod. Dur. (yrs) | 10.64 | 8.55 | 7.08 | 6.35 | 5.09 | 2.33 | 1.82 |
Window (mo) | 7 | 5 | 5 | 5 | 6 | 1 | 2 |
Expected Final Mat. | Dec18 | Aug14 | Feb12 | Dec10 | Mar09 | Jun05 | Dec04 |
Yield at 99.970491% | 5.17721 | 5.19936 | 5.21049 | 5.21552 | 5.21514 | 4.99169 | 4.95470 |
Class AF-6 (NAS) | |||||||
Avg. Life (yrs) | 8.32 | 7.25 | 6.44 | 6.06 | 5.51 | 2.70 | 2.10 |
Mod. Dur. (yrs) | 6.71 | 6.01 | 5.45 | 5.18 | 4.78 | 2.49 | 1.96 |
Window (mo) | 154 | 102 | 70 | 52 | 25 | 5 | 3 |
Expected Final Mat. | Oct18 | Jun14 | Dec11 | Oct10 | Mar09 | Oct05 | Feb05 |
Yield at 99.955947% | 4.56482 | 4.56034 | 4.55591 | 4.55339 | 4.54917 | 4.49926 | 4.47137 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Sensitivity Analysis – To Maturity (continued)
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class AV | |||||||
Avg. Life (yrs) | 4.37 | 2.93 | 2.17 | 1.78 | 1.16 | 0.79 | 0.63 |
Mod. Dur. (yrs) | 4.09 | 2.81 | 2.10 | 1.74 | 1.15 | 0.78 | 0.62 |
Window (mo) | 192 | 140 | 110 | 96 | 33 | 22 | 17 |
Expected Final Mat. | Dec18 | Aug14 | Feb12 | Dec10 | Sep05 | Oct04 | May04 |
Yield at 100.00000% | 1.82688 | 1.82687 | 1.82686 | 1.82685 | 1.82683 | 1.82680 | 1.82678 |
Class M-1 | |||||||
Avg. Life (yrs) | 11.59 | 8.24 | 6.31 | 5.57 | 4.88 | 3.68 | 3.80 |
Mod. Dur. (yrs) | 9.95 | 7.37 | 5.79 | 5.17 | 4.60 | 3.53 | 3.63 |
Window (mo) | 141 | 109 | 84 | 68 | 42 | 18 | 36 |
Expected Final Mat. | Feb20 | Sep15 | Jan13 | Oct11 | Dec09 | Mar07 | Jan08 |
Yield at 100.00000% | 2.44228 | 2.44228 | 2.44227 | 2.44227 | 2.44227 | 2.44226 | 2.44226 |
Class M-2 | |||||||
Avg. Life (yrs) | 12.01 | 8.62 | 6.62 | 5.80 | 4.81 | 4.85 | 3.16 |
Mod. Dur. (yrs) | 9.56 | 7.26 | 5.78 | 5.15 | 4.37 | 4.45 | 2.98 |
Window (mo) | 153 | 122 | 97 | 80 | 55 | 31 | 38 |
Expected Final Mat. | Feb21 | Oct16 | Jan14 | Sep12 | Sep10 | Oct08 | Jul08 |
Yield at 100.00000% | 3.45450 | 3.45449 | 3.45448 | 3.45448 | 3.45447 | 3.45447 | 3.45444 |
Class B | |||||||
Avg. Life (yrs) | 12.33 | 8.94 | 6.89 | 6.04 | 4.91 | 3.93 | 2.76 |
Mod. Dur. (yrs) | 8.82 | 6.90 | 5.59 | 5.03 | 4.23 | 3.51 | 2.55 |
Window (mo) | 162 | 130 | 105 | 89 | 63 | 41 | 41 |
Expected Final Mat. | Nov21 | Jun17 | Sep14 | May13 | Apr11 | Apr09 | Aug08 |
Yield at 100.00000% | 4.92967 | 4.92965 | 4.92963 | 4.92962 | 4.92960 | 4.92958 | 4.92952 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Sensitivity Analysis – To 20% Optional Termination
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class AF-4 | |||||||
Avg. Life (yrs) | 11.73 | 7.87 | 5.82 | 5.00 | 3.60 | 2.20 | 1.72 |
Mod. Dur. (yrs) | 8.90 | 6.48 | 5.01 | 4.38 | 3.25 | 2.06 | 1.63 |
Window (mo) | 36 | 31 | 24 | 18 | 17 | 8 | 6 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Jun05 | Nov04 |
Yield at 99.966888 % | 4.59337 | 4.58194 | 4.56964 | 4.56187 | 4.54029 | 4.49175 | 4.45685 |
Class AF-5 | |||||||
Avg. Life (yrs) | 12.20 | 8.37 | 6.29 | 5.37 | 4.04 | 2.54 | 1.95 |
Mod. Dur. (yrs) | 8.92 | 6.68 | 5.27 | 4.61 | 3.58 | 2.33 | 1.82 |
Window (mo) | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Jun05 | Dec04 |
Yield at 99.970491% | 5.08931 | 5.07775 | 5.06543 | 5.05695 | 5.03768 | 4.99169 | 4.95470 |
Class AF-6 (NAS) | |||||||
Avg. Life (yrs) | 8.24 | 7.01 | 5.80 | 5.13 | 4.04 | 2.70 | 2.10 |
Mod. Dur. (yrs) | 6.66 | 5.85 | 4.99 | 4.49 | 3.62 | 2.49 | 1.96 |
Window (mo) | 110 | 64 | 37 | 22 | 1 | 5 | 3 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Oct05 | Feb05 |
Yield at 99.955947% | 4.56454 | 4.55916 | 4.55149 | 4.54567 | 4.53179 | 4.49926 | 4.47137 |
Class AV | |||||||
Avg. Life (yrs) | 4.21 | 2.81 | 2.07 | 1.70 | 1.16 | 0.79 | 0.63 |
Mod. Dur. (yrs) | 3.96 | 2.70 | 2.02 | 1.67 | 1.15 | 0.78 | 0.62 |
Window (mo) | 146 | 100 | 75 | 64 | 33 | 22 | 17 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Sep05 | Oct04 | May04 |
Yield at 100.00000% | 1.82687 | 1.82687 | 1.82686 | 1.82685 | 1.82683 | 1.82680 | 1.82678 |
Class M-1 | |||||||
Avg. Life (yrs) | 9.93 | 6.79 | 5.11 | 4.50 | 3.97 | 2.94 | 2.88 |
Mod. Dur. (yrs) | 8.79 | 6.25 | 4.80 | 4.26 | 3.79 | 2.85 | 2.79 |
Window (mo) | 81 | 56 | 38 | 26 | 6 | 2 | 10 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Nov05 | Nov05 |
Yield at 100.00000% | 2.44228 | 2.44228 | 2.44227 | 2.44227 | 2.44226 | 2.44225 | 2.44225 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Sensitivity Analysis – To 20% Optional Termination (continued)
Group I % of PPC | 50% | 75% | 100% | 115% | 150% | 200% | 250% |
Group II CPR | 12% | 18% | 24% | 28% | 36% | 50% | 60% |
Class M-2 | |||||||
Avg. Life (yrs) | 9.93 | 6.79 | 5.10 | 4.45 | 3.73 | 2.95 | 2.84 |
Mod. Dur. (yrs) | 8.32 | 6.01 | 4.65 | 4.10 | 3.49 | 2.80 | 2.70 |
Window (mo) | 81 | 56 | 39 | 27 | 10 | 1 | 6 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Nov05 | Nov05 |
Yield at 100.00000% | 3.45450 | 3.45448 | 3.45447 | 3.45446 | 3.45445 | 3.45443 | 3.45443 |
Class B | |||||||
Avg. Life (yrs) | 9.93 | 6.79 | 5.10 | 4.43 | 3.62 | 2.95 | 2.58 |
Mod. Dur. (yrs) | 7.70 | 5.68 | 4.44 | 3.93 | 3.28 | 2.73 | 2.41 |
Window (mo) | 81 | 56 | 39 | 28 | 11 | 1 | 8 |
Expected Final Mat. | Feb15 | Apr11 | Mar09 | Apr08 | Dec06 | Nov05 | Nov05 |
Yield at 100.00000% | 4.92966 | 4.92964 | 4.92961 | 4.92959 | 4.92957 | 4.92953 | 4.92951 |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Group I Collateral Summary
Summary Statistics
Collateral statistics for the fixed rate home equity loans are as of the Statistical Calculation Date
Collateral Summary | Ranges (if applicable) | ||
Total Number of Loans | 3,410 | ||
Total Outstanding Loan Balance | $211,589,579.04 | ||
Average Loan Principal Balance | $62,049.73 | $1,969.95 to 599,671.58 | |
WA Coupon | 9.512% | 5.750% to 18.990% | |
WA Original Term (months) | 297 | 60 to 360 Months | |
WA Remaining Term (months) | 296 | 17 to 360 Months | |
WA Original Combined LTV | 75.42% | 4.55% to 100.00% | |
WA Second Mortgage Ratio | 26.33% | 4.54% to 99.73% | |
WA FICO | 603 | 400 to 800 | |
Lien Position (first/second) | 85.13% / 14.87% | ||
Level Pay / Balloons | 95.55% / 4.45% | ||
Property Type | |||
2/4 Family | 0.44% | ||
Condominium | 1.83% | ||
Manufactured Housing | 0.80% | ||
PUD | 5.58% | ||
Single Family | 90.41% | ||
Townhouse | 0.82% | ||
Other | 0.14% | ||
Occupancy Status | |||
Primary Home | 98.34% | ||
Second Home | 0.28% | ||
Investments | 1.38% | ||
Geographic Distribution | |||
other states account individually for less than | TX - | 21.65% | |
CA - | 9.11% | ||
FL - | 5.34% | ||
GA - | 5.22% | ||
PA - | 4.50% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Loan Balances of Group I Home Equity Loans
Range of Loan Balances | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0.01 | - | 5,000.00 | 5 | $17,712.14 | 0.01% |
5,000.01 | - | 10,000.00 | 16 | 139,441.61 | 0.07 |
10,000.01 | - | 15,000.00 | 126 | 1,674,766.24 | 0.79 |
15,000.01 | - | 20,000.00 | 214 | 3,891,547.12 | 1.84 |
20,000.01 | - | 25,000.00 | 289 | 6,727,634.90 | 3.18 |
25,000.01 | - | 30,000.00 | 293 | 8,236,503.11 | 3.89 |
30,000.01 | - | 35,000.00 | 261 | 8,557,805.28 | 4.04 |
35,000.01 | - | 40,000.00 | 236 | 8,948,388.46 | 4.23 |
40,000.01 | - | 45,000.00 | 193 | 8,290,250.97 | 3.92 |
45,000.01 | - | 50,000.00 | 207 | 9,957,035.45 | 4.71 |
50,000.01 | - | 55,000.00 | 166 | 8,755,040.86 | 4.14 |
55,000.01 | - | 60,000.00 | 145 | 8,377,960.27 | 3.96 |
60,000.01 | - | 65,000.00 | 125 | 7,864,781.44 | 3.72 |
65,000.01 | - | 70,000.00 | 130 | 8,824,457.10 | 4.17 |
70,000.01 | - | 75,000.00 | 104 | 7,567,203.60 | 3.58 |
75,000.01 | - | 80,000.00 | 96 | 7,468,425.80 | 3.53 |
80,000.01 | - | 85,000.00 | 76 | 6,272,017.88 | 2.96 |
85,000.01 | - | 90,000.00 | 76 | 6,673,070.36 | 3.15 |
90,000.01 | - | 95,000.00 | 55 | 5,095,275.80 | 2.41 |
95,000.01 | - | 100,000.00 | 75 | 7,331,310.89 | 3.46 |
100,000.01 | - | 105,000.00 | 58 | 5,938,204.63 | 2.81 |
105,000.01 | - | 110,000.00 | 42 | 4,521,277.62 | 2.14 |
110,000.01 | - | 115,000.00 | 33 | 3,696,868.66 | 1.75 |
115,000.01 | - | 120,000.00 | 40 | 4,701,158.08 | 2.22 |
120,000.01 | - | 125,000.00 | 33 | 4,050,714.69 | 1.91 |
125,000.01 | - | 130,000.00 | 34 | 4,341,944.80 | 2.05 |
130,000.01 | - | 135,000.00 | 26 | 3,449,785.06 | 1.63 |
135,000.01 | - | 140,000.00 | 26 | 3,584,894.48 | 1.69 |
140,000.01 | - | 145,000.00 | 20 | 2,856,109.59 | 1.35 |
145,000.01 | - | 150,000.00 | 25 | 3,685,608.40 | 1.74 |
150,000.01 | - | 200,000.00 | 104 | 17,838,567.54 | 8.43 |
200,000.01 | - | 250,000.00 | 42 | 9,403,520.69 | 4.44 |
250,000.01 | - | 300,000.00 | 22 | 6,001,851.82 | 2.84 |
300,000.01 | - | 350,000.00 | 8 | 2,641,399.32 | 1.25 |
350,000.01 | - | 400,000.00 | 3 | 1,164,735.37 | 0.55 |
400,000.01 | - | 450,000.00 | 2 | 883,441.39 | 0.42 |
450,000.01 | - | 500,000.00 | 1 | 462,601.37 | 0.22 |
500,000.01 | - | 550,000.00 | 2 | 1,096,594.67 | 0.52 |
550,000.01 | - | 600,000.00 | 1 | 599,671.58 | 0.28 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Current Coupon Rates of Group I Home Equity Loans
Range of Current Coupon Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
5.501 | - | 6.000 | 8 | $1,498,026.67 | 0.71% |
6.001 | - | 6.500 | 43 | 5,202,470.30 | 2.46 |
6.501 | - | 7.000 | 166 | 18,994,483.50 | 8.98 |
7.001 | - | 7.500 | 158 | 15,420,569.95 | 7.29 |
7.501 | - | 8.000 | 262 | 23,372,496.29 | 11.05 |
8.001 | - | 8.500 | 188 | 16,273,757.10 | 7.69 |
8.501 | - | 9.000 | 316 | 24,979,990.69 | 11.81 |
9.001 | - | 9.500 | 200 | 12,690,626.89 | 6.00 |
9.501 | - | 10.000 | 319 | 19,638,723.51 | 9.28 |
10.001 | - | 10.500 | 224 | 11,978,519.77 | 5.66 |
10.501 | - | 11.000 | 283 | 12,009,360.50 | 5.68 |
11.001 | - | 11.500 | 196 | 9,178,043.32 | 4.34 |
11.501 | - | 12.000 | 294 | 12,101,735.14 | 5.72 |
12.001 | - | 12.500 | 168 | 6,493,572.45 | 3.07 |
12.501 | - | 13.000 | 214 | 9,081,683.03 | 4.29 |
13.001 | - | 13.500 | 134 | 4,480,077.85 | 2.12 |
13.501 | - | 14.000 | 140 | 4,816,949.73 | 2.28 |
14.001 | - | 14.500 | 69 | 2,396,329.47 | 1.13 |
14.501 | - | 15.000 | 24 | 902,084.76 | 0.43 |
15.001 | - | 15.500 | 2 | 72,151.62 | 0.03 |
15.501 | - | 16.000 | 1 | 4,328.83 | 0.00 |
18.501 | - | 19.000 | 1 | 3,597.67 | 0.00 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
Lien Positions of Group I Home Equity Loans
Lien Position | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
1st Lien | 2,436 | $180,125,792.41 | 85.13% |
2nd Lien | 974 | 31,463,786.63 | 14.87 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Original Term to Maturity of Group I Home Equity Loans
Original Term to Maturity | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 60 | 23 | $560,335.93 | 0.26% |
61 | - | 120 | 242 | 8,338,808.50 | 3.94 |
121 | - | 180 | 867 | 42,271,924.28 | 19.98 |
181 | - | 240 | 636 | 28,259,240.82 | 13.36 |
241 | - | 300 | 32 | 1,966,143.85 | 0.93 |
301 | - | 360 | 1,610 | 130,193,125.66 | 61.53 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Remaining Terms to Maturity of Group I Home Equity Loans
Remaining Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 60 | 23 | $560,335.93 | 0.26% |
61 | - | 120 | 247 | 8,451,418.76 | 3.99 |
121 | - | 180 | 867 | 42,278,308.37 | 19.98 |
181 | - | 240 | 634 | 28,294,466.62 | 13.37 |
241 | - | 300 | 29 | 1,811,923.70 | 0.86 |
301 | - | 360 | 1,610 | 130,193,125.66 | 61.53 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
Seasoning of Group I Home Equity Loans
Seasoning (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 0 | 977 | $62,622,490.62 | 29.60% |
1 | - | 12 | 2,427 | 148,873,236.88 | 70.36 |
13 | - | 24 | 1 | 48,681.98 | 0.02 |
25 | - | 36 | 2 | 35,963.05 | 0.02 |
37 | - | 48 | 3 | 9,206.51 | 0.00 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
Original Combined Loan-to-Value Ratios of Group I Home Equity Loans
Range of Original Combined | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
4.55 | - | 10.00 | 2 | $55,800.81 | 0.03% |
10.01 | - | 15.00 | 7 | 144,022.26 | 0.07 |
15.01 | - | 20.00 | 16 | 460,857.39 | 0.22 |
20.01 | - | 25.00 | 24 | 1,019,775.46 | 0.48 |
25.01 | - | 30.00 | 28 | 1,099,729.98 | 0.52 |
30.01 | - | 35.00 | 49 | 1,592,301.16 | 0.75 |
35.01 | - | 40.00 | 57 | 2,309,146.70 | 1.09 |
40.01 | - | 45.00 | 66 | 2,772,675.62 | 1.31 |
45.01 | - | 50.00 | 82 | 3,863,260.00 | 1.83 |
50.01 | - | 55.00 | 102 | 5,134,956.12 | 2.43 |
55.01 | - | 60.00 | 164 | 9,560,364.07 | 4.52 |
60.01 | - | 65.00 | 205 | 12,773,012.45 | 6.04 |
65.01 | - | 70.00 | 293 | 17,300,541.89 | 8.18 |
70.01 | - | 75.00 | 341 | 22,709,376.68 | 10.73 |
75.01 | - | 80.00 | 834 | 56,642,126.64 | 26.77 |
80.01 | - | 85.00 | 458 | 30,339,919.20 | 14.34 |
85.01 | - | 90.00 | 482 | 36,271,527.32 | 17.14 |
90.01 | - | 95.00 | 48 | 3,562,164.56 | 1.68 |
95.01 | - | 100.00 | 152 | 3,978,020.73 | 1.88 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Occupancy Status of Group I Home Equity Loans
Occupancy Status | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Primary Home | 3,332 | $208,069,963.06 | 98.34% |
Investment | 63 | 2,923,680.59 | 1.38 |
Second Home | 15 | 595,935.39 | 0.28 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Types of Mortgaged Properties of Group I Home Equity Loans
Property Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Single Family | 3,089 | $191,289,525.86 | 90.41% |
PUD | 166 | 11,800,594.65 | 5.58 |
Condominium | 63 | 3,865,634.04 | 1.83 |
Townhome | 38 | 1,730,622.72 | 0.82 |
Manufactured Housing | 29 | 1,686,162.15 | 0.80 |
2/4 Family | 19 | 925,926.70 | 0.44 |
Other | 6 | 291,112.92 | 0.14 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Geographical Distribution of Mortgaged Properties of Group I Home Equity Loans
State | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Arizona | 69 | $4,217,566.86 | 1.99% |
Arkansas | 46 | 2,141,802.66 | 1.01 |
California | 206 | 19,269,349.94 | 9.11 |
Colorado | 61 | 4,575,462.52 | 2.16 |
Connecticut | 27 | 1,834,162.98 | 0.87 |
Delaware | 15 | 839,740.26 | 0.40 |
Florida | 170 | 11,292,159.35 | 5.34 |
Georgia | 136 | 11,035,328.33 | 5.22 |
Idaho | 11 | 468,337.98 | 0.22 |
Illinois | 22 | 1,286,104.44 | 0.61 |
Indiana | 54 | 3,436,626.13 | 1.62 |
Iowa | 19 | 1,039,402.58 | 0.49 |
Kansas | 51 | 2,012,094.41 | 0.95 |
Kentucky | 37 | 2,546,783.46 | 1.20 |
Louisiana | 166 | 8,631,904.75 | 4.08 |
Maine | 19 | 1,232,959.35 | 0.58 |
Maryland | 21 | 1,266,481.58 | 0.60 |
Massachusetts | 72 | 5,635,130.27 | 2.66 |
Michigan | 85 | 4,783,110.31 | 2.26 |
Minnesota | 16 | 1,084,369.36 | 0.51 |
Mississippi | 82 | 4,532,201.33 | 2.14 |
Missouri | 86 | 4,373,776.38 | 2.07 |
Montana | 6 | 484,776.31 | 0.23 |
Nebraska | 21 | 996,269.62 | 0.47 |
Nevada | 11 | 554,932.89 | 0.26 |
New Hampshire | 16 | 967,686.73 | 0.46 |
New Jersey | 118 | 6,762,779.91 | 3.20 |
New Mexico | 27 | 1,476,662.66 | 0.70 |
New York | 117 | 8,212,941.59 | 3.88 |
North Carolina | 129 | 7,410,540.87 | 3.50 |
Ohio | 100 | 6,715,518.64 | 3.17 |
Oklahoma | 55 | 2,270,902.21 | 1.07 |
Oregon | 15 | 1,249,709.10 | 0.59 |
Pennsylvania | 157 | 9,527,851.61 | 4.50 |
Rhode Island | 14 | 880,360.64 | 0.42 |
South Carolina | 28 | 1,766,174.25 | 0.83 |
South Dakota | 4 | 241,799.86 | 0.11 |
Tennessee | 116 | 7,650,111.47 | 3.62 |
Texas | 823 | 45,819,227.09 | 21.65 |
Utah | 3 | 183,875.32 | 0.09 |
Virginia | 60 | 3,447,796.25 | 1.63 |
Washington | 57 | 4,103,277.43 | 1.94 |
West Virginia | 18 | 827,427.14 | 0.39 |
Wisconsin | 35 | 1,917,176.02 | 0.91 |
Wyoming | 9 | 586,926.20 | 0.28 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Documentation Types of Group I Home Equity Loans
Documentation Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Full Documentation | 3,089 | $186,720,454.71 | 88.25% |
Stated Documentation | 221 | 15,641,409.29 | 7.39 |
Limited Documentation | 100 | 9,227,715.04 | 4.36 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Credit Grades of Group I Home Equity Loans
Credit Grades | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
A+ | 340 | $29,974,251.32 | 14.17% |
A-1 | 1,359 | 95,072,670.74 | 44.93 |
A-2 | 845 | 45,472,072.52 | 21.49 |
B | 406 | 18,605,895.65 | 8.79 |
C-1 | 286 | 12,310,357.00 | 5.82 |
C-2 | 92 | 4,893,993.68 | 2.31 |
D | 82 | 5,260,338.13 | 2.49 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
Prepayment Penalty Terms of Group I Home Equity Loans
Prepayment Penalty Term (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
0 | 1,657 | $82,528,683.75 | 39.00% |
6 | 15 | 475,198.34 | 0.22 |
12 | 88 | 7,110,906.43 | 3.36 |
24 | 41 | 4,984,913.37 | 2.36 |
30 | 16 | 379,498.25 | 0.18 |
36 | 300 | 24,455,209.10 | 11.56 |
42 | 2 | 99,766.67 | 0.05 |
48 | 2 | 289,061.56 | 0.14 |
60 | 1,289 | 91,266,341.57 | 43.13 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Second Mortgage Ratios of Group I Home Equity Loans(1)
Range of Second Mortgage Ratios (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0.01 | - | 10.00 | 100 | $1,814,837.27 | 5.77% |
10.01 | - | 15.00 | 174 | 4,025,904.77 | 12.80 |
15.01 | - | 20.00 | 268 | 7,667,109.17 | 24.37 |
20.01 | - | 25.00 | 140 | 4,375,388.87 | 13.91 |
25.01 | - | 30.00 | 113 | 4,301,828.80 | 13.67 |
30.01 | - | 35.00 | 54 | 2,545,975.06 | 8.09 |
35.01 | - | 40.00 | 58 | 2,715,234.93 | 8.63 |
40.01 | - | 45.00 | 23 | 1,037,031.50 | 3.30 |
45.01 | - | 50.00 | 18 | 1,055,570.38 | 3.35 |
50.01 | - | 55.00 | 11 | 635,337.30 | 2.02 |
55.01 | - | 60.00 | 5 | 396,353.45 | 1.26 |
60.01 | - | 65.00 | 3 | 328,194.17 | 1.04 |
65.01 | - | 70.00 | 2 | 67,704.86 | 0.22 |
70.01 | - | 75.00 | 2 | 100,586.98 | 0.32 |
80.01 | - | 85.00 | 2 | 54,729.12 | 0.17 |
95.01 | - | 100.00 | 1 | 342,000.00 | 1.09 |
Total: | 974 | $31,463,786.63 | 100.00% | ||
(1)
Applies only to the home equity loans in the second lien position. The Second Mortgage Ratios show above are equal to, with respect to each home equity loan in the second lien position, the original principal balance of the home equity loan at the date of origination divided by the sum of (a) the original principal balance of the home equity loan at the date of origination and (b) the remaining principal balance of the senior lien on the related Mortgaged Property at the date of origination of the home equity loan.
Amortization Type of Group I Home Equity Loans
Amortization Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Balloon | 126 | $9,418,385.86 | 4.45% |
Level Pay | 3,284 | 202,171,193.18 | 95.55 |
Total: | 3,410 | $211,589,579.04 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Original Credit Score Distribution of Group I Home Equity Loans
Original Credit Score | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
Not Available(1) | 17 | $563,575.52 | 0.27% | ||
376 | - | 400 | 2 | 49,967.73 | 0.02 |
401 | - | 425 | 1 | 39,232.11 | 0.02 |
426 | - | 450 | 10 | 333,594.16 | 0.16 |
451 | - | 475 | 34 | 1,506,160.60 | 0.71 |
476 | - | 500 | 102 | 5,347,952.69 | 2.53 |
501 | - | 525 | 267 | 12,494,533.74 | 5.91 |
526 | - | 550 | 491 | 27,462,363.73 | 12.98 |
551 | - | 575 | 456 | 26,550,447.23 | 12.55 |
576 | - | 600 | 502 | 30,950,100.63 | 14.63 |
601 | - | 625 | 474 | 28,684,996.41 | 13.56 |
626 | - | 650 | 460 | 33,074,519.70 | 15.63 |
651 | - | 675 | 292 | 21,166,676.90 | 10.00 |
676 | - | 700 | 140 | 11,417,808.46 | 5.40 |
701 | - | 725 | 73 | 5,177,661.14 | 2.45 |
726 | - | 750 | 45 | 3,639,451.52 | 1.72 |
751 | - | 775 | 26 | 2,029,655.92 | 0.96 |
776 | - | 800 | 18 | 1,100,880.85 | 0.52 |
Total: | 3,410 | $211,589,579.04 | 100.00% | ||
(1)
Home equity loans indicated as having a credit score that is “not available” consist of home equity loans where no credit score can be obtained for the related borrower.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Group II Collateral Summary
Summary Statistics
Collateral statistics for the adjustable rate home equity loans are as of the Statistical Calculation Date
Collateral Summary | Ranges (if applicable) | ||
Total Number of Loans | 3,748 | ||
Total Outstanding Loan Balance | $388,421,653.89 | ||
Average Loan Principal Balance | $103,634.38 | $11,200.00 to $768,649.35 | |
WA Coupon | 9.073% | 4.850% to 14.700% | |
ARM Characteristics | |||
Margin | 8.710% | 4.650% to 14.250% | |
First Periodic Cap | 2.143% | 1.000% to 4.000% | |
Subsequent Periodic Cap | 1.000% | ||
Lifetime Cap | 16.055% | 11.850% to 21.700% | |
WA Original Term (months) | 358 | 90 to 360 Months | |
WA Remaining Term (months) | 357 | 90 to 360 Months | |
WA Original LTV | 80.90% | 7.58% to 100.00% | |
WA FICO | 574 | 419 to 800 | |
Loan Type | |||
2/28 ARM | 62.49% | ||
6 Month ARM | 11.47% | ||
3/27 ARM | 26.04% | ||
Property Type | |||
2/4 Family | 0.41% | ||
Condominium | 2.91% | ||
Manufactured Housing | 0.81% | ||
PUD | 6.20% | ||
Single Family | 88.85% | ||
Townhouse | 0.69% | ||
Other | 0.13% | ||
Occupancy Status | |||
Primary Home | 98.38% | ||
Second Home | 0.42% | ||
Investments | 1.19% | ||
Geographic Distribution | |||
other states account individually for less than | CA - | 13.46% | |
TX - | 8.71% | ||
OH - | 6.03% | ||
FL - | 5.60% | ||
GA - | 5.38% | ||
NC - | 4.78% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Loan Balances of Group II Home Equity Loans
Range of Loan Balances | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
10,000.01 | - | 15,000.00 | 6 | $80,342.42 | 0.02% |
15,000.01 | - | 20,000.00 | 18 | 330,274.55 | 0.09 |
20,000.01 | - | 25,000.00 | 47 | 1,100,693.39 | 0.28 |
25,000.01 | - | 30,000.00 | 64 | 1,806,391.35 | 0.47 |
30,000.01 | - | 35,000.00 | 99 | 3,261,232.63 | 0.84 |
35,000.01 | - | 40,000.00 | 130 | 4,922,015.26 | 1.27 |
40,000.01 | - | 45,000.00 | 126 | 5,403,583.82 | 1.39 |
45,000.01 | - | 50,000.00 | 171 | 8,198,046.70 | 2.11 |
50,000.01 | - | 55,000.00 | 148 | 7,790,295.54 | 2.01 |
55,000.01 | - | 60,000.00 | 170 | 9,834,750.12 | 2.53 |
60,000.01 | - | 65,000.00 | 180 | 11,363,647.56 | 2.93 |
65,000.01 | - | 70,000.00 | 199 | 13,450,215.74 | 3.46 |
70,000.01 | - | 75,000.00 | 161 | 11,658,637.03 | 3.00 |
75,000.01 | - | 80,000.00 | 181 | 14,033,391.45 | 3.61 |
80,000.01 | - | 85,000.00 | 148 | 12,237,956.07 | 3.15 |
85,000.01 | - | 90,000.00 | 129 | 11,327,969.61 | 2.92 |
90,000.01 | - | 95,000.00 | 114 | 10,555,695.23 | 2.72 |
95,000.01 | - | 100,000.00 | 133 | 12,979,825.04 | 3.34 |
100,000.01 | - | 105,000.00 | 118 | 12,135,876.58 | 3.12 |
105,000.01 | - | 110,000.00 | 98 | 10,540,338.95 | 2.71 |
110,000.01 | - | 115,000.00 | 88 | 9,891,771.55 | 2.55 |
115,000.01 | - | 120,000.00 | 124 | 14,571,972.91 | 3.75 |
120,000.01 | - | 125,000.00 | 83 | 10,173,381.28 | 2.62 |
125,000.01 | - | 130,000.00 | 85 | 10,848,344.68 | 2.79 |
130,000.01 | - | 135,000.00 | 65 | 8,605,478.04 | 2.22 |
135,000.01 | - | 140,000.00 | 80 | 11,024,923.87 | 2.84 |
140,000.01 | - | 145,000.00 | 58 | 8,272,765.99 | 2.13 |
145,000.01 | - | 150,000.00 | 60 | 8,860,748.84 | 2.28 |
150,000.01 | - | 200,000.00 | 365 | 62,570,669.96 | 16.11 |
200,000.01 | - | 250,000.00 | 160 | 35,562,299.79 | 9.16 |
250,000.01 | - | 300,000.00 | 80 | 21,951,309.09 | 5.65 |
300,000.01 | - | 350,000.00 | 35 | 11,432,926.09 | 2.94 |
350,000.01 | - | 400,000.00 | 9 | 3,295,467.45 | 0.85 |
400,000.01 | - | 450,000.00 | 6 | 2,563,217.83 | 0.66 |
450,000.01 | - | 500,000.00 | 4 | 1,901,823.26 | 0.49 |
550,000.01 | - | 600,000.00 | 3 | 1,723,000.00 | 0.44 |
650,000.01 | - | 700,000.00 | 1 | 671,724.87 | 0.17 |
700,000.01 | - | 750,000.00 | 1 | 720,000.00 | 0.19 |
750,000.01 | - | 800,000.00 | 1 | 768,649.35 | 0.20 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Current Coupon Rates of Group II Home Equity Loans
Range of Current Coupon Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
4.501 | - | 5.000 | 3 | $320,209.74 | 0.08% |
5.001 | - | 5.500 | 1 | 337,012.02 | 0.09 |
5.501 | - | 6.000 | 17 | 2,012,303.82 | 0.52 |
6.001 | - | 6.500 | 58 | 7,387,766.36 | 1.90 |
6.501 | - | 7.000 | 152 | 19,611,969.00 | 5.05 |
7.001 | - | 7.500 | 215 | 30,052,866.19 | 7.74 |
7.501 | - | 8.000 | 389 | 51,774,593.70 | 13.33 |
8.001 | - | 8.500 | 338 | 38,329,435.09 | 9.87 |
8.501 | - | 9.000 | 535 | 60,513,026.40 | 15.58 |
9.001 | - | 9.500 | 383 | 41,535,132.61 | 10.69 |
9.501 | - | 10.000 | 529 | 51,822,324.22 | 13.34 |
10.001 | - | 10.500 | 301 | 27,313,464.71 | 7.03 |
10.501 | - | 11.000 | 321 | 24,541,779.40 | 6.32 |
11.001 | - | 11.500 | 153 | 10,804,827.27 | 2.78 |
11.501 | - | 12.000 | 160 | 11,049,653.35 | 2.84 |
12.001 | - | 12.500 | 81 | 5,140,182.74 | 1.32 |
12.501 | - | 13.000 | 71 | 4,150,823.60 | 1.07 |
13.001 | - | 13.500 | 22 | 962,219.86 | 0.25 |
13.501 | - | 14.000 | 14 | 499,202.49 | 0.13 |
14.001 | - | 14.500 | 4 | 222,367.59 | 0.06 |
14.501 | - | 15.000 | 1 | 40,493.73 | 0.01 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Original Term to Maturity of Group II Home Equity Loans
Original Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
61 | - | 120 | 10 | $439,692.22 | 0.11% |
121 | - | 180 | 39 | 2,133,298.86 | 0.55 |
181 | - | 240 | 23 | 1,590,574.44 | 0.41 |
241 | - | 300 | 4 | 253,434.58 | 0.07 |
301 | - | 360 | 3,672 | 384,004,653.79 | 98.86 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Remaining Terms to Maturity of Group II Home Equity Loans
Remaining Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
61 | - | 120 | 10 | $439,692.22 | 0.11% |
121 | - | 180 | 39 | 2,133,298.86 | 0.55 |
181 | - | 240 | 23 | 1,590,574.44 | 0.41 |
241 | - | 300 | 4 | 253,434.58 | 0.07 |
301 | - | 360 | 3,672 | 384,004,653.79 | 98.86 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Seasoning of Group II Home Equity Loans
Seasoning (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 0 | 995 | $106,873,672.90 | 27.51% |
1 | - | 12 | 2,753 | 281,547,980.99 | 72.49 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Amortization Type of Group II Home Equity Loans
Amortization Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
2/28 ARM | 2,373 | $242,728,535.35 | 62.49% |
3/27 ARM | 881 | 101,148,462.06 | 26.04 |
6 Month LIBOR ARM | 494 | 44,544,656.48 | 11.47 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Original Loan-to-Value Ratios of Group II Home Equity Loans
Range of Original | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
7.58 | - | 10.00 | 2 | $87,014.07 | 0.02% |
10.01 | - | 15.00 | 2 | 44,538.07 | 0.01 |
15.01 | - | 20.00 | 3 | 76,511.98 | 0.02 |
20.01 | - | 25.00 | 7 | 255,108.60 | 0.07 |
25.01 | - | 30.00 | 16 | 732,457.10 | 0.19 |
30.01 | - | 35.00 | 22 | 1,179,073.41 | 0.30 |
35.01 | - | 40.00 | 23 | 1,031,372.01 | 0.27 |
40.01 | - | 45.00 | 31 | 1,781,645.81 | 0.46 |
45.01 | - | 50.00 | 64 | 3,304,218.37 | 0.85 |
50.01 | - | 55.00 | 57 | 3,437,595.10 | 0.89 |
55.01 | - | 60.00 | 96 | 8,182,612.51 | 2.11 |
60.01 | - | 65.00 | 124 | 9,847,609.77 | 2.54 |
65.01 | - | 70.00 | 245 | 21,309,431.77 | 5.49 |
70.01 | - | 75.00 | 332 | 30,425,080.16 | 7.83 |
75.01 | - | 80.00 | 896 | 94,618,443.00 | 24.36 |
80.01 | - | 85.00 | 666 | 72,276,809.46 | 18.61 |
85.01 | - | 90.00 | 1,085 | 130,748,162.29 | 33.66 |
90.01 | - | 95.00 | 70 | 8,040,717.63 | 2.07 |
95.01 | - | 100.00 | 7 | 1,043,252.78 | 0.27 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Occupancy Status of Group II Home Equity Loans
Occupancy Status | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Primary Home | 3,649 | $382,148,381.90 | 98.38% |
Second Home | 21 | 1,644,452.42 | 0.42 |
Investment | 78 | 4,628,819.57 | 1.19 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Types of Mortgaged Properties of Group II Home Equity Loans
Property Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Single Family | 3,400 | $345,111,355.32 | 88.85% |
PUD | 166 | 24,085,711.93 | 6.20 |
Condominium | 88 | 11,286,720.76 | 2.91 |
Manufactured Housing | 42 | 3,152,225.38 | 0.81 |
Townhome | 28 | 2,692,883.45 | 0.69 |
2/4 Family | 21 | 1,604,488.32 | 0.41 |
Other | 3 | 488,268.73 | 0.13 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Geographical Distribution of Mortgaged Properties of Group II Home Equity Loans
State | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Arizona | 112 | $12,185,745.67 | 3.14% |
Arkansas | 31 | 2,217,852.86 | 0.57 |
California | 290 | 52,286,009.61 | 13.46 |
Colorado | 78 | 13,213,216.98 | 3.40 |
Connecticut | 19 | 3,291,030.32 | 0.85 |
Delaware | 10 | 990,062.67 | 0.25 |
Florida | 203 | 21,739,278.00 | 5.60 |
Georgia | 187 | 20,886,496.73 | 5.38 |
Idaho | 17 | 1,497,476.81 | 0.39 |
Illinois | 98 | 9,516,561.92 | 2.45 |
Indiana | 125 | 11,237,219.44 | 2.89 |
Iowa | 70 | 4,725,269.97 | 1.22 |
Kansas | 46 | 3,730,193.04 | 0.96 |
Kentucky | 86 | 7,760,783.09 | 2.00 |
Louisiana | 115 | 9,497,607.96 | 2.45 |
Maine | 20 | 1,734,795.27 | 0.45 |
Maryland | 21 | 3,051,503.84 | 0.79 |
Massachusetts | 34 | 6,984,962.27 | 1.80 |
Michigan | 156 | 16,362,275.80 | 4.21 |
Minnesota | 26 | 2,662,071.49 | 0.69 |
Mississippi | 93 | 6,320,389.78 | 1.63 |
Missouri | 160 | 12,550,181.21 | 3.23 |
Montana | 6 | 527,148.27 | 0.14 |
Nebraska | 9 | 510,819.59 | 0.13 |
Nevada | 19 | 2,657,350.97 | 0.68 |
New Hampshire | 19 | 2,743,389.15 | 0.71 |
New Jersey | 64 | 8,647,550.96 | 2.23 |
New Mexico | 34 | 3,019,867.67 | 0.78 |
New York | 78 | 7,183,166.12 | 1.85 |
North Carolina | 194 | 18,547,885.04 | 4.78 |
North Dakota | 2 | 73,555.62 | 0.02 |
Ohio | 252 | 23,409,460.29 | 6.03 |
Oklahoma | 37 | 2,195,417.20 | 0.57 |
Oregon | 21 | 2,419,856.75 | 0.62 |
Pennsylvania | 121 | 10,310,128.62 | 2.65 |
Rhode Island | 12 | 1,797,861.51 | 0.46 |
South Carolina | 49 | 5,197,984.14 | 1.34 |
South Dakota | 2 | 134,216.00 | 0.03 |
Tennessee | 128 | 10,268,100.78 | 2.64 |
Texas | 419 | 33,841,634.81 | 8.71 |
Utah | 11 | 1,093,029.62 | 0.28 |
Vermont | 3 | 262,626.11 | 0.07 |
Virginia | 61 | 6,985,643.75 | 1.80 |
Washington | 68 | 10,041,570.07 | 2.59 |
West Virginia | 20 | 1,272,818.63 | 0.33 |
Wisconsin | 115 | 10,312,050.61 | 2.65 |
Wyoming | 7 | 527,536.88 | 0.14 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Documentation Types of Group II Home Equity Loans
Documentation Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Full Documentation | 3,319 | $338,313,293.84 | 87.10% |
Stated Documentation | 291 | 31,788,001.36 | 8.18 |
Limited Documentation | 138 | 18,320,358.69 | 4.72 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Gross Margins of Group II Home Equity Loans
Range of Gross Margin (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
4.501 - 5.000 | 7 | $1,270,773.23 | 0.33% |
5.001 - 5.500 | 9 | 1,171,416.01 | 0.30 |
5.501 - 6.000 | 32 | 4,100,539.19 | 1.06 |
6.001 - 6.500 | 95 | 12,157,441.43 | 3.13 |
6.501 - 7.000 | 177 | 24,080,440.02 | 6.20 |
7.001 - 7.500 | 317 | 44,439,437.75 | 11.44 |
7.501 - 8.000 | 368 | 43,963,744.69 | 11.32 |
8.001 - 8.500 | 418 | 47,528,677.70 | 12.24 |
8.501 - 9.000 | 486 | 54,028,299.66 | 13.91 |
9.001 - 9.500 | 448 | 46,644,761.48 | 12.01 |
9.501 - 10.000 | 418 | 39,569,241.59 | 10.19 |
10.001 - 10.500 | 299 | 24,622,775.60 | 6.34 |
10.501 - 11.000 | 242 | 16,692,453.87 | 4.30 |
11.001 - 11.500 | 160 | 11,525,588.72 | 2.97 |
11.501 - 12.000 | 128 | 8,468,593.67 | 2.18 |
12.001 - 12.500 | 69 | 4,022,223.94 | 1.04 |
12.501 - 13.000 | 50 | 3,023,391.57 | 0.78 |
13.001 - 13.500 | 18 | 733,763.45 | 0.19 |
13.501 - 14.000 | 6 | 337,596.59 | 0.09 |
14.001 - 14.500 | 1 | 40,493.73 | 0.01 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
Credit Grades of Group II Home Equity Loans
Credit Grades | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
A+ | 89 | $10,298,493.23 | 2.65% |
A-1 | 1,101 | 132,656,200.92 | 34.15 |
A-2 | 1,217 | 132,233,602.32 | 34.04 |
B | 619 | 57,638,341.60 | 14.84 |
C-1 | 485 | 37,417,275.86 | 9.63 |
C-2 | 234 | 17,690,929.01 | 4.55 |
D | 3 | 486,810.95 | 0.13 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Next Interest Adjustment Date of Group II Home Equity Loans
Next Interest Adjustment Date | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
October-02 | 1 | $91,701.43 | 0.02% |
January-03 | 29 | 3,056,761.59 | 0.79 |
February-03 | 136 | 12,604,501.55 | 3.25 |
March-03 | 160 | 13,750,398.28 | 3.54 |
April-03 | 153 | 13,153,375.63 | 3.39 |
May-03 | 15 | 1,887,918.00 | 0.49 |
March-04 | 4 | 338,752.58 | 0.09 |
April-04 | 8 | 781,184.23 | 0.20 |
May-04 | 1 | 347,598.72 | 0.09 |
June-04 | 11 | 938,400.64 | 0.24 |
July-04 | 221 | 20,635,815.22 | 5.31 |
August-04 | 754 | 74,114,848.58 | 19.08 |
September-04 | 687 | 72,305,256.17 | 18.62 |
October-04 | 636 | 68,226,360.36 | 17.57 |
November-04 | 51 | 5,040,318.85 | 1.30 |
April-05 | 1 | 52,210.40 | 0.01 |
July-05 | 75 | 8,278,783.59 | 2.13 |
August-05 | 273 | 31,350,096.03 | 8.07 |
September-05 | 258 | 29,014,160.98 | 7.47 |
October-05 | 246 | 29,733,241.06 | 7.65 |
November-05 | 28 | 2,719,970.00 | 0.70 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Maximum Rates of Group II Home Equity Loans
Range of Maximum Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
11.501 | - | 12.000 | 3 | $320,209.74 | 0.08% |
12.001 | - | 12.500 | 2 | 596,500.93 | 0.15 |
12.501 | - | 13.000 | 21 | 2,354,469.27 | 0.61 |
13.001 | - | 13.500 | 63 | 7,660,136.70 | 1.97 |
13.501 | - | 14.000 | 156 | 20,624,557.23 | 5.31 |
14.001 | - | 14.500 | 213 | 29,930,343.41 | 7.71 |
14.501 | - | 15.000 | 385 | 50,825,718.05 | 13.09 |
15.001 | - | 15.500 | 341 | 38,992,479.55 | 10.04 |
15.501 | - | 16.000 | 538 | 60,758,135.67 | 15.64 |
16.001 | - | 16.500 | 383 | 41,316,940.89 | 10.64 |
16.501 | - | 17.000 | 532 | 52,439,155.84 | 13.50 |
17.001 | - | 17.500 | 293 | 26,371,339.76 | 6.79 |
17.501 | - | 18.000 | 313 | 23,421,760.51 | 6.03 |
18.001 | - | 18.500 | 153 | 10,779,262.98 | 2.78 |
18.501 | - | 19.000 | 159 | 11,015,353.35 | 2.84 |
19.001 | - | 19.500 | 81 | 5,140,182.74 | 1.32 |
19.501 | - | 20.000 | 71 | 4,150,823.60 | 1.07 |
20.001 | - | 20.500 | 22 | 962,219.86 | 0.25 |
20.501 | - | 21.000 | 14 | 499,202.49 | 0.13 |
21.001 | - | 21.500 | 4 | 222,367.59 | 0.06 |
21.501 | - | 22.000 | 1 | 40,493.73 | 0.01 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
Prepayment Penalty Terms of Group II Home Equity Loans
Prepayment Penalty Term (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
0 | 988 | $89,931,191.84 | 23.15% |
12 | 84 | 12,793,113.52 | 3.29 |
24 | 572 | 70,501,961.45 | 18.15 |
30 | 1 | 258,065.00 | 0.07 |
36 | 954 | 112,380,169.80 | 28.93 |
60 | 1,149 | 102,557,152.28 | 26.40 |
Total: | 3,748 | $388,421,653.89 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Original Credit Score Distribution of Group II Home Equity Loans
Original Credit Score | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
Not Available(1) | 16 | $930,405.44 | 0.24% | ||
401 | - | 425 | 3 | 214,223.34 | 0.06 |
426 | - | 450 | 10 | 549,985.11 | 0.14 |
451 | - | 475 | 46 | 3,403,086.35 | 0.88 |
476 | - | 500 | 140 | 10,796,399.52 | 2.78 |
501 | - | 525 | 530 | 49,250,294.35 | 12.68 |
526 | - | 550 | 844 | 86,549,983.61 | 22.28 |
551 | - | 575 | 637 | 65,880,041.15 | 16.96 |
576 | - | 600 | 517 | 57,022,684.40 | 14.68 |
601 | - | 625 | 414 | 46,989,197.15 | 12.10 |
626 | - | 650 | 322 | 36,135,543.18 | 9.30 |
651 | - | 675 | 155 | 18,588,864.00 | 4.79 |
676 | - | 700 | 64 | 7,025,054.83 | 1.81 |
701 | - | 725 | 28 | 3,002,464.11 | 0.77 |
726 | - | 750 | 14 | 1,478,230.08 | 0.38 |
751 | - | 775 | 6 | 487,333.40 | 0.13 |
776 | - | 800 | 2 | 117,863.87 | 0.03 |
Total: | 3,748 | $388,421,653.89 | 100.00% | ||
(1)
Home equity loans indicated as having a credit score that is “not available” consist of home equity loans where no credit score can be obtained for the related borrower.
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Aggregate Collateral Summary
Summary Statistics
Collateral statistics for the fixed rate and adjustable rate home equity loans are as of the Statistical Calculation Date
Collateral Summary | Ranges (if applicable) | ||
Total Number of Loans | 7,158 | ||
Total Outstanding Loan Balance | $ 600,011,232.93 | ||
Average Loan Principal Balance | $83,823.87 | $1,969.95 to 768,649.35 | |
WA Coupon | 9.228% | 4.850% to 18.990% | |
WA Original Term (months) | 337 | 60 to 360 Months | |
WA Remaining Term (months) | 335 | 17 to 360 Months | |
WA Original Combined LTV | 78.97% | 4.55% to 100.00% | |
WA FICO | 584 | 400 to 800 | |
Lien Position (first/second) | 94.76% / 5.24% | ||
Level Pay / Balloons | 98.43% / 1.57% | ||
Property Type | |||
2/4 Family | 0.42% | ||
Condominium | 2.53% | ||
Manufactured Housing | 0.81% | ||
PUD | 5.98% | ||
Single Family | 89.40% | ||
Townhouse | 0.74% | ||
Other | 0.13% | ||
Occupancy Status | |||
Primary Home | 98.37% | ||
Second Home | 0.37% | ||
Investments | 1.26% | ||
Geographic Distribution | |||
other states account individually for less than | TX - | 13.28% | |
CA - | 11.93% | ||
FL - | 5.51% | ||
GA - | 5.32% | ||
OH - | 5.02% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Loan Balances of Aggregate Home Equity Loans
Range of Loan Balances | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0.01 | - | 5,000.00 | 5 | $17,712.14 | 0.00% |
5,000.01 | - | 10,000.00 | 16 | 139,441.61 | 0.02 |
10,000.01 | - | 15,000.00 | 132 | 1,755,108.66 | 0.29 |
15,000.01 | - | 20,000.00 | 232 | 4,221,821.67 | 0.70 |
20,000.01 | - | 25,000.00 | 336 | 7,828,328.29 | 1.30 |
25,000.01 | - | 30,000.00 | 357 | 10,042,894.46 | 1.67 |
30,000.01 | - | 35,000.00 | 360 | 11,819,037.91 | 1.97 |
35,000.01 | - | 40,000.00 | 366 | 13,870,403.72 | 2.31 |
40,000.01 | - | 45,000.00 | 319 | 13,693,834.79 | 2.28 |
45,000.01 | - | 50,000.00 | 378 | 18,155,082.15 | 3.03 |
50,000.01 | - | 55,000.00 | 314 | 16,545,336.40 | 2.76 |
55,000.01 | - | 60,000.00 | 315 | 18,212,710.39 | 3.04 |
60,000.01 | - | 65,000.00 | 305 | 19,228,429.00 | 3.20 |
65,000.01 | - | 70,000.00 | 329 | 22,274,672.84 | 3.71 |
70,000.01 | - | 75,000.00 | 265 | 19,225,840.63 | 3.20 |
75,000.01 | - | 80,000.00 | 277 | 21,501,817.25 | 3.58 |
80,000.01 | - | 85,000.00 | 224 | 18,509,973.95 | 3.08 |
85,000.01 | - | 90,000.00 | 205 | 18,001,039.97 | 3.00 |
90,000.01 | - | 95,000.00 | 169 | 15,650,971.03 | 2.61 |
95,000.01 | - | 100,000.00 | 208 | 20,311,135.93 | 3.39 |
100,000.01 | - | 105,000.00 | 176 | 18,074,081.21 | 3.01 |
105,000.01 | - | 110,000.00 | 140 | 15,061,616.57 | 2.51 |
110,000.01 | - | 115,000.00 | 121 | 13,588,640.21 | 2.26 |
115,000.01 | - | 120,000.00 | 164 | 19,273,130.99 | 3.21 |
120,000.01 | - | 125,000.00 | 116 | 14,224,095.97 | 2.37 |
125,000.01 | - | 130,000.00 | 119 | 15,190,289.48 | 2.53 |
130,000.01 | - | 135,000.00 | 91 | 12,055,263.10 | 2.01 |
135,000.01 | - | 140,000.00 | 106 | 14,609,818.35 | 2.43 |
140,000.01 | - | 145,000.00 | 78 | 11,128,875.58 | 1.85 |
145,000.01 | - | 150,000.00 | 85 | 12,546,357.24 | 2.09 |
150,000.01 | - | 200,000.00 | 469 | 80,409,237.50 | 13.40 |
200,000.01 | - | 250,000.00 | 202 | 44,965,820.48 | 7.49 |
250,000.01 | - | 300,000.00 | 102 | 27,953,160.91 | 4.66 |
300,000.01 | - | 350,000.00 | 43 | 14,074,325.41 | 2.35 |
350,000.01 | - | 400,000.00 | 12 | 4,460,202.82 | 0.74 |
400,000.01 | - | 450,000.00 | 8 | 3,446,659.22 | 0.57 |
450,000.01 | - | 500,000.00 | 5 | 2,364,424.63 | 0.39 |
500,000.01 | 550,000.00 | 2 | 1,096,594.67 | 0.18 | |
550,000.01 | 600,000.00 | 4 | 2,322,671.58 | 0.39 | |
650,000.01 | 700,000.00 | 1 | 671,724.87 | 0.11 | |
700,000.01 | - | 750,000.00 | 1 | 720,000.00 | 0.12 |
750,000.01 | - | 800,000.00 | 1 | 768,649.35 | 0.13 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Current Coupon Rates of Aggregate Home Equity Loans
Range of Current Coupon Rates (%) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
4.501 | - | 5.00 | 3 | $320,209.74 | 0.05% |
5.001 | - | 5.50 | 1 | 337,012.02 | 0.06 |
5.501 | - | 6.00 | 25 | 3,510,330.49 | 0.59 |
6.001 | - | 6.50 | 101 | 12,590,236.66 | 2.10 |
6.501 | - | 7.00 | 318 | 38,606,452.50 | 6.43 |
7.001 | - | 7.50 | 373 | 45,473,436.14 | 7.58 |
7.501 | - | 8.00 | 651 | 75,147,089.99 | 12.52 |
8.001 | - | 8.50 | 526 | 54,603,192.19 | 9.10 |
8.501 | - | 9.00 | 851 | 85,493,017.09 | 14.25 |
9.001 | - | 9.50 | 583 | 54,225,759.50 | 9.04 |
9.501 | - | 10.00 | 848 | 71,461,047.73 | 11.91 |
10.001 | - | 10.50 | 525 | 39,291,984.48 | 6.55 |
10.501 | - | 11.00 | 604 | 36,551,139.90 | 6.09 |
11.001 | - | 11.50 | 349 | 19,982,870.59 | 3.33 |
11.501 | - | 12.00 | 454 | 23,151,388.49 | 3.86 |
12.001 | - | 12.50 | 249 | 11,633,755.19 | 1.94 |
12.501 | - | 13.00 | 285 | 13,232,506.63 | 2.21 |
13.001 | - | 13.50 | 156 | 5,442,297.71 | 0.91 |
13.501 | - | 14.00 | 154 | 5,316,152.22 | 0.89 |
14.001 | - | 14.50 | 73 | 2,618,697.06 | 0.44 |
14.501 | 15.00 | 25 | 942,578.49 | 0.16 | |
15.001 | 15.50 | 2 | 72,151.62 | 0.01 | |
15.501 | - | 16.00 | 1 | 4,328.83 | 0.00 |
18.501 | - | 19.00 | 1 | 3,597.67 | 0.00 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
Lien Positions of Aggregate Home Equity Loans
Lien Position | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
1st Lien | 6,184 | $568,547,446.30 | 94.76% |
2nd Lien | 974 | 31,463,786.63 | 5.24 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
Original Term to Maturity of Aggregate Home Equity Loans
Original Term to Maturity | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 60 | 23 | $560,335.93 | 0.09% |
61 | - | 120 | 252 | 8,778,500.72 | 1.46 |
121 | - | 180 | 906 | 44,405,223.14 | 7.40 |
181 | - | 240 | 659 | 29,849,815.26 | 4.97 |
241 | - | 300 | 36 | 2,219,578.43 | 0.37 |
301 | - | 360 | 5,282 | 514,197,779.45 | 85.70 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Remaining Terms to Maturity of Aggregate Home Equity Loans
Remaining Term to Maturity (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 60 | 23 | $560,335.93 | 0.09% |
61 | - | 120 | 257 | 8,891,110.98 | 1.48 |
121 | - | 180 | 906 | 44,411,607.23 | 7.40 |
181 | - | 240 | 657 | 29,885,041.06 | 4.98 |
241 | - | 300 | 33 | 2,065,358.28 | 0.34 |
301 | - | 360 | 5,282 | 514,197,779.45 | 85.70 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
Seasoning of Aggregate Home Equity Loans
Seasoning (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
0 | - | 0 | 1,972 | $169,496,163.52 | 28.25% |
1 | - | 12 | 5,180 | 430,421,217.87 | 71.74 |
13 | - | 24 | 1 | 48,681.98 | 0.01 |
25 | - | 36 | 2 | 35,963.05 | 0.01 |
37 | - | 48 | 3 | 9,206.51 | 0.00 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
Original Combined Loan-to-Value Ratios of Aggregate Home Equity Loans
Range of Original Combined | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
4.55 | - | 10.00 | 4 | $142,814.88 | 0.02% |
10.01 | - | 15.00 | 9 | 188,560.33 | 0.03 |
15.01 | - | 20.00 | 19 | 537,369.37 | 0.09 |
20.01 | - | 25.00 | 31 | 1,274,884.06 | 0.21 |
25.01 | - | 30.00 | 44 | 1,832,187.08 | 0.31 |
30.01 | - | 35.00 | 71 | 2,771,374.57 | 0.46 |
35.01 | - | 40.00 | 80 | 3,340,518.71 | 0.56 |
40.01 | - | 45.00 | 97 | 4,554,321.43 | 0.76 |
45.01 | - | 50.00 | 146 | 7,167,478.37 | 1.19 |
50.01 | - | 55.00 | 159 | 8,572,551.22 | 1.43 |
55.01 | - | 60.00 | 260 | 17,742,976.58 | 2.96 |
60.01 | - | 65.00 | 329 | 22,620,622.22 | 3.77 |
65.01 | - | 70.00 | 538 | 38,609,973.66 | 6.43 |
70.01 | - | 75.00 | 673 | 53,134,456.84 | 8.86 |
75.01 | - | 80.00 | 1,730 | 151,260,569.64 | 25.21 |
80.01 | - | 85.00 | 1,124 | 102,616,728.66 | 17.10 |
85.01 | - | 90.00 | 1,567 | 167,019,689.61 | 27.84 |
90.01 | - | 95.00 | 118 | 11,602,882.19 | 1.93 |
95.01 | - | 100.00 | 159 | 5,021,273.51 | 0.84 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Occupancy Status of Aggregate Home Equity Loans
Occupancy Status | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Primary Home | 6,981 | $590,218,344.96 | 98.37% |
Second Home | 36 | 2,240,387.81 | 0.37 |
Investment | 141 | 7,552,500.16 | 1.26 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
Types of Mortgaged Properties of Aggregate Home Equity Loans
Property Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Single Family | 6,489 | $536,400,881.18 | 89.40% |
PUD | 332 | 35,886,306.58 | 5.98 |
Condo | 151 | 15,152,354.80 | 2.53 |
Manufactured | 71 | 4,838,387.53 | 0.81 |
Townhome | 66 | 4,423,506.17 | 0.74 |
2/4 Family | 40 | 2,530,415.02 | 0.42 |
Other | 9 | 779,381.65 | 0.13 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Geographical Distribution of Mortgaged Properties of Aggregate Home Equity Loans
State | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Arizona | 181 | $16,403,312.53 | 2.73% |
Arkansas | 77 | 4,359,655.52 | 0.73 |
California | 496 | 71,555,359.55 | 11.93 |
Colorado | 139 | 17,788,679.50 | 2.96 |
Connecticut | 46 | 5,125,193.30 | 0.85 |
Delaware | 25 | 1,829,802.93 | 0.30 |
Florida | 373 | 33,031,437.35 | 5.51 |
Georgia | 323 | 31,921,825.06 | 5.32 |
Idaho | 28 | 1,965,814.79 | 0.33 |
Illinois | 120 | 10,802,666.36 | 1.80 |
Indiana | 179 | 14,673,845.57 | 2.45 |
Iowa | 89 | 5,764,672.55 | 0.96 |
Kansas | 97 | 5,742,287.45 | 0.96 |
Kentucky | 123 | 10,307,566.55 | 1.72 |
Louisiana | 281 | 18,129,512.71 | 3.02 |
Maine | 39 | 2,967,754.62 | 0.49 |
Maryland | 42 | 4,317,985.42 | 0.72 |
Massachusetts | 106 | 12,620,092.54 | 2.10 |
Michigan | 241 | 21,145,386.11 | 3.52 |
Minnesota | 42 | 3,746,440.85 | 0.62 |
Mississippi | 175 | 10,852,591.11 | 1.81 |
Missouri | 246 | 16,923,957.59 | 2.82 |
Montana | 12 | 1,011,924.58 | 0.17 |
Nebraska | 30 | 1,507,089.21 | 0.25 |
Nevada | 30 | 3,212,283.86 | 0.54 |
New Hampshire | 35 | 3,711,075.88 | 0.62 |
New Jersey | 182 | 15,410,330.87 | 2.57 |
New Mexico | 61 | 4,496,530.33 | 0.75 |
New York | 195 | 15,396,107.71 | 2.57 |
North Carolina | 323 | 25,958,425.91 | 4.33 |
North Dakota | 2 | 73,555.62 | 0.01 |
Ohio | 352 | 30,124,978.93 | 5.02 |
Oklahoma | 92 | 4,466,319.41 | 0.74 |
Oregon | 36 | 3,669,565.85 | 0.61 |
Pennsylvania | 278 | 19,837,980.23 | 3.31 |
Rhode Island | 26 | 2,678,222.15 | 0.45 |
South Carolina | 77 | 6,964,158.39 | 1.16 |
South Dakota | 6 | 376,015.86 | 0.06 |
Tennessee | 244 | 17,918,212.25 | 2.99 |
Texas | 1,242 | 79,660,861.90 | 13.28 |
Utah | 14 | 1,276,904.94 | 0.21 |
Vermont | 3 | 262,626.11 | 0.04 |
Virginia | 121 | 10,433,440.00 | 1.74 |
Washington | 125 | 14,144,847.50 | 2.36 |
West Virginia | 38 | 2,100,245.77 | 0.35 |
Wisconsin | 150 | 12,229,226.63 | 2.04 |
Wyoming | 16 | 1,114,463.08 | 0.19 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Documentation Types of Aggregate Home Equity Loans
Documentation Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Full Documentation | 6,408 | $525,033,748.55 | 87.50% |
Stated Documentation | 512 | 47,429,410.65 | 7.90 |
Limited Documentation | 238 | 27,548,073.73 | 4.59 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
Credit Grades of Aggregate Home Equity Loans
Credit Grades | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
A+ | 429 | $40,272,744.55 | 6.71% |
A-1 | 2,460 | 227,728,871.66 | 37.95 |
A-2 | 2,062 | 177,705,674.84 | 29.62 |
B | 1,025 | 76,244,237.25 | 12.71 |
C-1 | 771 | 49,727,632.86 | 8.29 |
C-2 | 326 | 22,584,922.69 | 3.76 |
D | 85 | 5,747,149.08 | 0.96 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
Prepayment Penalty Terms of Aggregate Home Equity Loans
Prepayment Penalty Term (months) | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
0 | 2,645 | $172,459,875.59 | 28.74% |
6 | 15 | 475,198.34 | 0.08 |
12 | 172 | 19,904,019.95 | 3.32 |
24 | 613 | 75,486,874.82 | 12.58 |
30 | 17 | 637,563.25 | 0.11 |
36 | 1,254 | 136,835,378.90 | 22.81 |
42 | 2 | 99,766.67 | 0.02 |
48 | 2 | 289,061.56 | 0.05 |
60 | 2,438 | 193,823,493.85 | 32.30 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
Amortization Type of Aggregate Home Equity Loans
Amortization Type | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance |
Balloon | 126 | $9,418,385.86 | 1.57% |
Level Pay | 7,032 | 590,592,847.07 | 98.43 |
Total: | 7,158 | $600,011,232.93 | 100.00% |
CENTEX HOME EQUITY LOAN TRUST 2002-D
This page must be accompanied by a disclaimer. If you did not receive such a disclaimer, please contact Credit Suisse First Boston Corporation.
As Revised December 3, 2002.
Original Credit Score Distribution of Aggregate Home Equity Loans
Original Credit Score | Number of Home Equity Loans | Statistical Calculation Date Loan Balance | % of Statistical Calculation Date Loan Balance | ||
Not Available(1) | 33 | $1,493,980.96 | 0.25% | ||
376 | - | 400 | 2 | 49,967.73 | 0.01 |
401 | - | 425 | 4 | 253,455.45 | 0.04 |
426 | - | 450 | 20 | 883,579.27 | 0.15 |
451 | - | 475 | 80 | 4,909,246.95 | 0.82 |
476 | - | 500 | 242 | 16,144,352.21 | 2.69 |
501 | - | 525 | 797 | 61,744,828.09 | 10.29 |
526 | - | 550 | 1,335 | 114,012,347.34 | 19.00 |
551 | - | 575 | 1,093 | 92,430,488.38 | 15.40 |
576 | - | 600 | 1,019 | 87,972,785.03 | 14.66 |
601 | - | 625 | 888 | 75,674,193.56 | 12.61 |
626 | - | 650 | 782 | 69,210,062.88 | 11.53 |
651 | - | 675 | 447 | 39,755,540.90 | 6.63 |
676 | - | 700 | 204 | 18,442,863.29 | 3.07 |
701 | - | 725 | 101 | 8,180,125.25 | 1.36 |
726 | - | 750 | 59 | 5,117,681.60 | 0.85 |
751 | - | 775 | 32 | 2,516,989.32 | 0.42 |
776 | - | 800 | 20 | 1,218,744.72 | 0.20 |
Total: | 7,158 | $600,011,232.93 | 100.00% | ||
(1)
Home equity loans indicated as having a credit score that is “not available” consist of home equity loans where no credit score can be obtained for the related borrower.
Exhibit 99.2
Banc of America Securities LLC Underwriters’ Legend
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "material"), is for your private information and Banc of America Securities LLC (the "Underwriter") is not soliciting any action based upon it. This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. This material is based on information that the Underwriter considers reliable, but the Underwriter does not represent that it is accurate or complete and it should not be relied upon as such. By accepting this material the recipient agrees that it will not distribute or provide the material to any other person. The information contained in this material may pertain to securities that ultimately are not sol d. The information contained in this material may be based on assumptions regarding market conditions and other matters as reflected herein. The Underwriter makes no representation regarding the reasonableness of such assumptions or the likelihood that any of such assumptions will coincide with actual market conditions or events, and this material should not be relied upon for such purposes. The Underwriter and its affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of this material may, from time to time, have long or short positions in, and buy and sell, the securities mentioned therein or derivatives thereof (including options). This material may be filed with the Securities and Exchange Commission (the "SEC") and incorporated by reference into an effective registration statement previously filed with the SEC under Rule 415 of the Securities Act of 1933, including all cases where the material does not pertain to securities that are ultimately offered for sale pursuant to such registration statement. Information contained in this material is current as of the date appearing on this material only. Information in this material regarding any assets backing any securities discussed herein supersedes all prior information regarding such assets. Any information in the material, whether regarding the assets backing any securities discussed herein or otherwise, will be superseded by the information contained in any final prospectus for any securities actually sold to you. This material is furnished solely by the Underwriter and not by the issuer of the securities. The issuer of the securities has not prepared, reviewed or participated in the preparation of this material, is not responsible for the accuracy of this material and has not authorized the dissemination of this material. The Underwriter is acting as underwriter and not acting as agent for the issuer in connection with the proposed t ransaction.
Greenwich Capital Markets, Inc. Underwriters’ Legend
This information is furnished to you solely by Greenwich Capital Markets, Inc. and not by the Issuer of the securities or any of its affiliates. Greenwich Capital Markets, Inc. is acting as Underwriter and not acting as Agent for the Issuer or its affiliates in connection with the proposed transaction. This Preliminary Term Sheet is provided for information purposes only, and does not constitute an offer to sell, nor a solicitation of an offer to buy, the referenced securities. It does not purport to be all-inclusive or to contain all of the information that a prospective investor may require to make a full analysis of the transaction. All amounts are approximate and subject to change. The information contained herein supersedes information contained in any prior term sheet for this transaction. In addition, the information contained herein will be superseded by information contained in term sheets circulated after the date hereof and by information contained in the Prospectus and Prospectus Supplement for this transaction. An offering may be made only through the delivery of the Prospectus and Prospectus Supplement.
Salomon Smith Barney Inc. Underwriters’ Legend
Neither the Sponsor nor any of its affiliates make any representations as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable Prospectus Supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information herein addresses only certain aspects of the applicable certificates' characteristics and thus does not provide a complete assessment of the certificates. As such, the information may not reflect the impact of all structural characteristics of the certificates. The assumptions underlying the information, including structure and collateral, may be modified from time to time to reflect changed circumstances. The attached term sheet is not intended to be a Prospectus and any investment decision with respe ct to the certificates should be made by you based solely upon all of the information contained in the final Prospectus and Prospectus Supplement. Under no circumstances shall the information presented constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the certificates in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The certificates may not be sold nor may an offer to buy be accepted prior to the delivery of a final Prospectus and Prospectus Supplement relating to the certificates. All information described herein is preliminary, limited in nature and subject to completion or amendment. No representation is made that the above referenced certificates will actually perform as described in any scenario presented. A final Prospectus and Prospectus Supplement may be obtained by contacting Salomon Smith Barney's Syndicate Desk at (212) 72 3-6171.