Exhibit 99.2
FBR Securitization Trust 2005-2
Disclaimer
COMPUTATIONAL MATERIALS
This presentation contains tables and other statistical analyses (the “Computational Materials”). These Computational Materials have been prepared by Friedman, Billings, Ramsey & Co., Inc. (“FBR”) in reliance upon information furnished by the issuer of the securities and its affiliates. These Computational Materials are furnished to you solely by FBR and not by the issuer of the securities. They may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating said material.
Numerous assumptions were used in preparing the Computational Materials which may or may not be reflected therein. As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context. In addition, no assurance can be given as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice.
Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment assumptions, and changes in such prepayment assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments on the underlying assets will occur at rates slower or faster than the rates shown in the attached Computational Materials. Furthermore, unless otherwise provided, the Computational Materials assume no losses on the underlying assets and no interest shortfall.
If the Computational Materials were generated using a hypothetical group of mortgage loans, the specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the actual underlying assets and the hypothetical underlying assets used in preparing the Computational Materials. If these Computational Materials are based only on a statistical pool of mortgage loans expected to be included in the trust along with other mortgage loans on the closing date, the specific characteristics of these securities also may differ from those shown in the Computational Materials. A statistical pool may not necessarily represent a statistically relevant population, notwithstanding any contrary references herein. Although FBR believes the information with respect to the statistical pool will be representative of the final pool of mortgage loans, the collateral characteristics of the final pool may nonetheless vary from the collateral characteristics of the statistical pool. Certain mortgage loans contained in a statistical pool or the actual pool may be deleted from the final pool of mortgage loans delivered to the trust on the closing date.
The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. Neither FBR nor any of its affiliates makes any representation or warranty as to the actual rate or timing of payments on any of the underlying assets or the payments or yield on the securities.
| Deal Name | Data | |||||||
Collateral Characteristics | Pool Balance | $ | 2318147494.08 | |||||
| # of Loans | # | 11785 | ||||||
| Avg Prin Balance | $ | 196703.22 | ||||||
| WAC | % | 7.189 | ||||||
| WA Net Rate | % | 6.154 | ||||||
| WAM | # | 352 | ||||||
| Seasoning | # | 3 | ||||||
| Second Liens | % | 2.31 | ||||||
| WA CLTV | % | 81.37 | ||||||
| WA FICO | # | 625 | ||||||
| Prepay Penalties | % | 77.10 | ||||||
Arm Characteristics | WAC (Arms only) | % | 7.132 | |||||
| WAM (Arms only) | # | 357 | ||||||
| WA Margin | % | 6.001 | ||||||
| WA Initial Cap | % | 2.427 | ||||||
| WA Periodic Cap | % | 1.496 | ||||||
| WA Cap | % | 13.813 | ||||||
| WA Months to Roll | # | 21 | ||||||
Loan Type | Fixed | % | 12.07 | |||||
| Balloons | % | 2.05 | ||||||
| 2/28 Arms | % | 79.26 | ||||||
| 3/27 Arms | % | 3.85 | ||||||
| Other Hybrid Arms | % | 2.77 | ||||||
Index | 1-Month LIBOR | % | 0.00 | |||||
| 6-Month LIBOR | % | 100.00 | ||||||
| Other Index | % | 0.00 | ||||||
Loan Purpose | Purchase | % | 39.47 | |||||
| Cash-Out Refi | % | 56.02 | ||||||
| Rate-Term Refi | % | 4.51 | ||||||
| Debt Consolidation | % | 0.00 | ||||||
Occupancy Status | Owner | % | 92.05 | |||||
| Second Home | % | 0.51 | ||||||
| Investor | % | 7.43 | ||||||
Property Type | Single Family | % | 69.14 | |||||
| 2-4 Family | % | 11.27 | ||||||
| PUD | % | 11.19 | ||||||
| MH | % | 0.07 | ||||||
| Condo | % | 7.03 | ||||||
Doc Type | Full Doc | % | 51.68 | |||||
| Stated Doc | % | 45.01 | ||||||
| Limited Doc | % | 3.32 | ||||||
| No Doc | % | 0.00 | ||||||
MI Data | MI Flag | Y/N | Y | |||||
| % of Pool Covered | % | 31.51 | ||||||
| Effective LTV | % | 72.34 | ||||||
FICO Distribution | FICO <460 | % | 0.00 | |||||
| FICO 460-479 | % | 0.04 | ||||||
| FICO 480-499 | % | 0.17 | ||||||
| FICO 500-519 | % | 3.51 | ||||||
| FICO 520-539 | % | 5.30 | ||||||
| FICO 540-559 | % | 6.14 | ||||||
| FICO 560-579 | % | 7.61 | ||||||
| FICO 580-599 | % | 10.42 | ||||||
| FICO 600-619 | % | 13.68 | ||||||
| FICO 620-639 | % | 13.67 | ||||||
| FICO 640-659 | % | 11.45 | ||||||
| FICO 660-679 | % | 9.10 | ||||||
| FICO 680-699 | % | 6.88 | ||||||
| FICO 700-719 | % | 5.15 | ||||||
| FICO 720-739 | % | 2.80 | ||||||
| FICO 740-759 | % | 1.99 | ||||||
| FICO >760 | % | 2.08 | ||||||
WA DTI | 40.86 | |||||||
Please populate column D (&E) with the corresponding pool characteristics in Column B.
| - | For values in currency format, omit $. | |
| - | For values in percentage format, provide data to 3 decimal places and omit %. | |
| - | For WAC Net Rate, subtract servicing fee, trustee fee, and initial MI fee. | |
| - | For MI Flag, Y or N. |
DTI Distribution | DTI <10.00 | % | 0.34 | |||||||||
| DTI 10.00-19.99 | % | 2.40 | ||||||||||
| DTI 20.00-29.99 | % | 8.59 | ||||||||||
| DTI 30.00-39.99 | % | 25.51 | ||||||||||
| DTI 40.00-49.99 | % | 57.94 | ||||||||||
| DTI 50.00-59.99 | % | 5.22 | ||||||||||
| DTI 60.00-69.99 | % | — | ||||||||||
LTV Distribution | LTV <20 | % | 0.02 | |||||||||
| LTV 20.01-30 | % | 0.16 | ||||||||||
| LTV 30.01-40 | % | 0.32 | ||||||||||
| LTV 40.01-50 | % | 1.16 | ||||||||||
| LTV 50.01-60 | % | 2.64 | ||||||||||
| LTV 60.01-70 | % | 8.08 | ||||||||||
| LTV 70.01-80 | % | 44.64 | ||||||||||
| LTV 80.01-90 | % | 31.91 | ||||||||||
| LTV 90.01-100 | % | 11.07 | ||||||||||
| LTV >100 | % | 0.00 | ||||||||||
| Data | Data | |||||||||||
Loan Balance Distribution | $0-25,000 | # & % | 117 | 2669045.09 | ||||||||
| $25,001-50,000 | # & % | 752 | 29392152.40 | |||||||||
| $50,001-75,000 | # & % | 1073 | 67222949.29 | |||||||||
| $75,001-100,000 | # & % | 1131 | 99586249.04 | |||||||||
| $100,001-150,000 | # & % | 2310 | 289274461.45 | |||||||||
| $150,001-200,000 | # & % | 1777 | 310703129.97 | |||||||||
| $200,001-250,000 | # & % | 1246 | 280336539.64 | |||||||||
| $250,001-300,000 | # & % | 1099 | 301823742.73 | |||||||||
| $300,001-350,000 | # & % | 735 | 237899393.43 | |||||||||
| $350,001-400,000 | # & % | 569 | 213227998.27 | |||||||||
| $400,001-450,000 | # & % | 370 | 157366945.72 | |||||||||
| $450,001-500,000 | # & % | 257 | 122782223.42 | |||||||||
| $500,001-550,000 | # & % | 141 | 74022216.93 | |||||||||
| $550,001-600,000 | # & % | 104 | 59656987.03 | |||||||||
| $600,001-650,000 | # & % | 36 | 22468678.74 | |||||||||
| $650,001-700,000 | # & % | 29 | 19658310.46 | |||||||||
| $700,001-750,000 | # & % | 31 | 22844032.92 | |||||||||
| $750,001-800,000 | # & % | 1 | 790000.00 | |||||||||
| $800,001-850,000 | # & % | 2 | 1616781.34 | |||||||||
| $850,001-900,000 | # & % | 1 | 870942.00 | |||||||||
| $900,001-950,000 | # & % | — | — | |||||||||
| $950,001-1,000,000 | # & % | 4 | 3934714.21 | |||||||||
| > $1,000,001 | # & % | — | — | |||||||||
Geographic Distribution | Arizona | % | 3.45 | |||||
| California | % | 37.51 | ||||||
| Colorado | % | 1.65 | ||||||
| Connecticut | % | 1.25 | ||||||
| Delaware | % | 0.11 | ||||||
| Florida | % | 8.33 | ||||||
| Georgia | % | 1.75 | ||||||
| Idaho | % | 0.14 | ||||||
| Illinois | % | 9.73 | ||||||
| Indiana | % | 0.71 | ||||||
| Iowa | % | 0.2 | ||||||
| Kansas | % | 0.26 | ||||||
| Kentucky | % | 0.21 | ||||||
| Maine | % | 0.09 | ||||||
| Maryland | % | 2.87 | ||||||
| Massachusetts | % | 1.47 | ||||||
| Michigan | % | 1.48 | ||||||
| Minnesota | % | 1.06 | ||||||
| Missouri | % | 1.15 | ||||||
| Montana | % | 0.05 | ||||||
| Nebraska | % | 0.04 | ||||||
| Nevada | % | 2.07 | ||||||
| New Hampshire | % | 0.12 | ||||||
| New Jersey | % | 2.16 | ||||||
| New Mexico | % | 0.42 | ||||||
| New York | % | 6.1 | ||||||
| North Carolina | % | 0.44 | ||||||
| North Dakota | % | 0.01 | ||||||
| Ohio | % | 1.42 | ||||||
| Oklahoma | % | 0.27 | ||||||
| Oregon | % | 0.51 | ||||||
| Pennsylvania | % | 1.21 | ||||||
| Rhode Island | % | 0.39 | ||||||
| South Carolina | % | 0.2 | ||||||
| South Dakota | % | 0.01 | ||||||
| Tennessee | % | 0.33 | ||||||
| Texas | % | 2.11 | ||||||
| Utah | % | 0.54 | ||||||
| Virginia | % | 2.73 | ||||||
| Washington | % | 1.23 | ||||||
| Wisconsin | % | 0.45 | ||||||
| Wyoming | % | 0.02 |
This Series Term Sheet, including the computational materials herein, was prepared solely by FBR, is intended for use by the addressee only, and may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. This information is furnished to you solely by FBR and not by the Depositor, the Issuer of the securities or any of their affiliates. FBR is acting as underwriter and not acting as agent for the Depositor, the Issuer or their affiliates in connection with the proposed transaction. This material 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 information contained herein is preliminary and it is anticipated that such information will change. The information contained herein supersedes information contained in any prior series termsheet for this transaction. In addition, the information contained herein will be superseded by information contained in the prospectus and prospectus supplement for this transaction and in any other material subsequently filed with the Securities and Exchange Commission. An offering may be made only through the delivery of the prospectus and prospectus supplement. Any investment decision with respect to the referenced securities should be made by you solely upon all of the information contained in the prospectus and prospectus supplements.
| Balance | # of loans | WAC | WA FICO | WA LTV | Owner Occ % | Cashout Refi% | Full Doc% | |||||||||||||||||||||
| $600,000-650,000 | 36 | 6.999 | 626 | 82.98 | 86.30 | 63.79 | 47.46 | |||||||||||||||||||||
| $650,001-700,000 | 29 | 6.767 | 637 | 81.20 | 83.00 | 51.87 | 37.82 | |||||||||||||||||||||
| $700,001-750,000 | 31 | 6.736 | 603 | 78.15 | 93.48 | 64.23 | 45.09 | |||||||||||||||||||||
| $750,001-800,000 | 1 | 6.880 | 599 | 64.49 | 100.00 | 100.00 | 100.00 | |||||||||||||||||||||
| $800,001-850,000 | 2 | 7.803 | 670 | 82.10 | 50.51 | 50.51 | 100.00 | |||||||||||||||||||||
| $850,001-900,000 | 1 | 5.640 | 744 | 68.04 | 100.00 | 100.00 | 100.00 | |||||||||||||||||||||
| $900,001-950,000 | — | — | — | — | — | — | — | |||||||||||||||||||||
| $950,001-1,000,000 | 4 | 7.119 | 616 | 59.84 | 100 | 50.24 | 75.09 | |||||||||||||||||||||
| >$1,000,000 | — | — | — | — | — | — | — | |||||||||||||||||||||
Please populate appropriate loan characteristics for each loan bucket.
| This Series Term Sheet, including the computational materials herein, was prepared solely by FBR, is intended for use by the addressee only, and may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. This information is furnished to you solely by FBR and not by the Depositor, the Issuer of the securities or any of their affiliates. FBR is acting as underwriter and not acting as agent for the Depositor, the Issuer or their affiliates in connection with the proposed transaction. This material 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 information contained herein is preliminary and it is anticipated that such information will change. The information contained herein supersedes information contained in any prior series termsheet for this transaction. In addition, the information contained herein will be superseded by information contained in the prospectus and prospectus supplement for this transaction and in any other material subsequently filed with the Securities and Exchange Commission. An offering may be made only through the delivery of the prospectus and prospectus supplement. Any investment decision with respect to the referenced securities should be made by you solely upon all of the information contained in the prospectus and prospectus supplements. |
Percentage by range
Loans without MI
FICOs
FICOs
| <450 | 451-500 | 501-550 | 551-600 | 601-650 | 651-700 | 701-750 | >750 | |||||||||||||||||||||||||||
| <20 | 0.00 | % | 0.00 | % | 0.00 | % | 0.01 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | ||||||||||||||||||
| 20-30 | 0.00 | % | 0.00 | % | 0.05 | % | 0.07 | % | 0.02 | % | 0.01 | % | 0.01 | % | 0.01 | % | ||||||||||||||||||
| 30-40 | 0.00 | % | 0.01 | % | 0.08 | % | 0.12 | % | 0.06 | % | 0.03 | % | 0.02 | % | 0.00 | % | ||||||||||||||||||
| 40-50 | 0.00 | % | 0.00 | % | 0.28 | % | 0.32 | % | 0.37 | % | 0.11 | % | 0.05 | % | 0.03 | % | ||||||||||||||||||
LTVs | 50-60 | 0.00 | % | 0.03 | % | 0.77 | % | 0.79 | % | 0.59 | % | 0.30 | % | 0.14 | % | 0.03 | % | |||||||||||||||||
| 60-70 | 0.00 | % | 0.21 | % | 2.31 | % | 2.22 | % | 2.25 | % | 0.54 | % | 0.43 | % | 0.12 | % | ||||||||||||||||||
| 70-80 | 0.00 | % | 0.09 | % | 4.20 | % | 8.36 | % | 14.31 | % | 10.98 | % | 4.83 | % | 1.86 | % | ||||||||||||||||||
| 80-90 | 0.00 | % | 0.01 | % | 0.78 | % | 1.48 | % | 1.32 | % | 0.53 | % | 0.28 | % | 0.05 | % | ||||||||||||||||||
| 90-100 | 0.00 | % | 0.00 | % | 0.00 | % | 0.37 | % | 2.59 | % | 2.60 | % | 1.14 | % | 0.31 | % | ||||||||||||||||||
| >100 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Loans with MI
FICOs
FICOs
| <450 | 451-500 | 501-550 | 551-600 | 601-650 | 651-700 | 701-750 | >750 | |||||||||||||||||||||||||||
| <20 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 20-30 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 30-40 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 40-50 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
LTVs | 50-60 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
| 60-70 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 70-80 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 80-90 | 0.00 | % | 0.02 | % | 3.39 | % | 7.00 | % | 9.98 | % | 5.06 | % | 1.51 | % | 0.50 | % | ||||||||||||||||||
| 90-100 | 0.00 | % | 0.00 | % | 0.00 | % | 1.00 | % | 1.86 | % | 0.78 | % | 0.36 | % | 0.06 | % | ||||||||||||||||||
| >100 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Please provide a breakdown of percentages for each cell of the matrix for loans that fall within the appropriate category brokendown between loans with MI and loans without MI as well as the loan count for each breakdown in the matrices below. The sum of the percentages for the with MI and without MI percentages should equal 100%. The sum of the loans in the matrices below should equal the number of loans in the pool. If FICO is not available for loan, default to <450 bucket. If deal does not have MI, provide data for the entire pool in the “Loans without MI” matrix.
Loan Count
Loans without MI
FICOs
FICOs
| <450 | 451-500 | 501-550 | 551-600 | 601-650 | 651-700 | 701-750 | >750 | |||||||||||||||||||||||||||
| <20 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||||||||||||||||||||||||||
| 20-30 | 0 | 1 | 12 | 9 | 4 | 2 | 3 | 2 | ||||||||||||||||||||||||||
| 30-40 | 0 | 2 | 12 | 20 | 14 | 7 | 3 | 1 | ||||||||||||||||||||||||||
| 40-50 | 0 | 1 | 40 | 44 | 39 | 17 | 8 | 5 | ||||||||||||||||||||||||||
LTVs | 50-60 | 0 | 5 | 94 | 92 | 62 | 31 | 16 | 3 | |||||||||||||||||||||||||
| 60-70 | 0 | 28 | 265 | 252 | 242 | 63 | 37 | 11 | ||||||||||||||||||||||||||
| 70-80 | 0 | 10 | 546 | 978 | 1564 | 1081 | 445 | 157 | ||||||||||||||||||||||||||
| 80-90 | 0 | 2 | 141 | 233 | 131 | 77 | 25 | 7 | ||||||||||||||||||||||||||
| 90-100 | 0 | 0 | 0 | 149 | 553 | 495 | 182 | 63 | ||||||||||||||||||||||||||
| >100 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| # | ||||||||||||||||||||||||||||||||||
Loans with MI
FICOs
FICOs
| <450 | 451-500 | 501-550 | 551-600 | 601-650 | 651-700 | 701-750 | >750 | |||||||||||||||||||||||||||
| <20 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 20-30 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 30-40 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 40-50 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
LTVs | 50-60 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
| 60-70 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 70-80 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| 80-90 | 0 | 4 | 475 | 837 | 952 | 490 | 154 | 45 | ||||||||||||||||||||||||||
| 90-100 | 0 | 0 | 1 | 142 | 241 | 102 | 39 | 10 | ||||||||||||||||||||||||||
| >100 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
This Series Term Sheet, including the computational materials herein, was prepared solely by FBR, is intended for use by the addressee only, and may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. This information is furnished to you solely by FBR and not by the Depositor, the Issuer of the securities or any of their affiliates. FBR is acting as underwriter and not acting as agent for the Depositor, the Issuer or their affiliates in connection with the proposed transaction. This material 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 information contained herein is preliminary and it is anticipated that such information will change. The information contained herein supersedes information contained in any prior series termsheet for this transaction. In addition, the information contained herein will be superseded by information contained in the prospectus and prospectus supplement for this transaction and in any other material subsequently filed with the Securities and Exchange Commission. An offering may be made only through the delivery of the prospectus and prospectus supplement. Any investment decision with respect to the referenced securities should be made by you solely upon all of the information contained in the prospectus and prospectus supplements.
| Number of | Avg. Loan | % of Total | % Owner | |||||||||||||||||||||||||||||||||||||||||||||||||
| Product Type | WA IO Term | Loans | Loan Balance | Balance | % of Total IO | Pool | WA FICO | WA LTV | Occupied | % Purchase | % Investor | WA DTI | % Full Doc | |||||||||||||||||||||||||||||||||||||||
2/28 ARM 24 Month IO | 24 | 1104 | 327,276,272.87 | 296,445.90 | 51.60 | % | 14.12 | 645 | 81.58 | 98.49 | 36.12 | 1.27 | 42.57 | 49.63 | ||||||||||||||||||||||||||||||||||||||
2/28 ARM 36 Month IO | na | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
2/28 ARM 60 Month IO | 60 | 863 | 241,699,780.56 | 280,069.27 | 38.10 | % | 10.43 | 665 | 81 | 99.27 | 61.44 | 0.28 | 41.02 | 48 | ||||||||||||||||||||||||||||||||||||||
2/28 ARM 120 Month IO | na | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
3/27 ARM 24 Month IO | na | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
3/27 ARM 36 Month IO | 36 | 77 | 22,565,189.86 | 293,054.41 | 3.56 | % | 0.97 | 646 | 82.88 | 100 | 23.38 | 0 | 41.64 | 69.7 | ||||||||||||||||||||||||||||||||||||||
3/27 ARM 60 Month IO | 60 | 50 | 14,122,220.53 | 282,444.41 | 2.23 | % | 0.61 | 677 | 80.23 | 100 | 37.05 | 0 | 41.84 | 67.45 | ||||||||||||||||||||||||||||||||||||||
5/25 ARM 60 Month IO | 60 | 14 | 3,149,555.08 | 224,968.22 | 0.50 | % | 0.14 | 657 | 81.82 | 100 | 16.07 | 0 | 42.1 | 93.59 | ||||||||||||||||||||||||||||||||||||||
30 Fixed IO | 60 | 88 | 25,430,497.41 | 288,982.93 | 4.01 | % | 1.1 | 676 | 77.33 | 98.7 | 14.61 | 1.3 | 40.58 | 76.72 | ||||||||||||||||||||||||||||||||||||||
15 Fixed IO | 60 | 1 | 60,000.00 | 60,000.00 | 0.01 | % | 0 | 713 | 9.23 | 100 | 0 | 0 | 44.96 | 100 | ||||||||||||||||||||||||||||||||||||||
Other IO | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Totals: | 40.57 | 2197 | 634,303,516.31 | 288,713.48 | 100.00 | % | 27.37 | 655 | 81.2 | 98.89 | 44.37 | 0.81 | 41.85 | 51.43 | ||||||||||||||||||||||||||||||||||||||
Please fill out chart with the appropriate characteristics for each rep line. Please note ‘% of total IO’ should add up to 100%.Columns G, I, J, L, and M refer to % within the specific product type so they should not sum to 100%.
| Initial Periodic Caps | ||||||||||||||||||||||||||||||||||||
| Product Type | 1.00% | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% | 4.00% | 4.50% | 5.00% | |||||||||||||||||||||||||||
ARM 2/28 - 24 month IO | 0.00 | 100,270,655.86 | 292,500.00 | 0.00 | 226,713,117.01 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
ARM 2/28 - 60 month IO | 0.00 | 111,022,787.80 | 25,860,263.17 | 0.00 | 104,816,729.59 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
ARM 3/27 - 36 month IO | 0.00 | 3,436,229.41 | 0.00 | 0.00 | 19,128,960.45 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
ARM 3/27 - 60 month IO | 0.00 | 5,222,420.53 | 8,204,200.00 | 0.00 | 695,600.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
ARM 5/25 - 60 month IO | 0.00 | 2,654,555.08 | 0.00 | 0.00 | 495,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
Fixed 15 yr - 60 month IO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
Fixed 30 yr - 60 month IO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||||
Other IO | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
| 0.00 | 222,606,648.68 | 34,356,963.17 | 0.00 | 351,849,407.05 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||
Please fill out with total value dollars for loans in the pool that fall into teach cell of the matrix.
This Series Term Sheet, including the computational materials herein, was prepared solely by FBR, is intended for use by the addressee only, and may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. This information is furnished to you solely by FBR and not by the Depositor, the Issuer of the securities or any of their affiliates. FBR is acting as underwriter and not acting as agent for the Depositor, the Issuer or their affiliates in connection with the proposed transaction. This material 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 information contained herein is preliminary and it is anticipated that such information will change. The information contained herein supersedes information contained in any prior series termsheet for this transaction. In addition, the information contained herein will be superseded by information contained in the prospectus and prospectus supplement for this transaction and in any other material subsequently filed with the Securities and Exchange Commission. An offering may be made only through the delivery of the prospectus and prospectus supplement. Any investment decision with respect to the referenced securities should be made by you solely upon all of the information contained in the prospectus and prospectus supplements.