FBR Securitization 8-K Other Events

This workbook has 4 data sheets for data input: The Structure and Collateral sheets. The Structure sheet is for the structure of the offered notes, input cells are highlighted and an example sheet is shown.

The collateral sheets are for the assets underlying the deal, input cells are highlighted. With the exception of the summary statistics table each cell should contain the weighted percentage of deals that answer the given criteria, e.g. what % are owner occupied, what % have FICO of 640-659 and are IO. The Collateral Total sheet is for the entire deal, with the other sheets for the individual groups.

Deal launched Date

Originator

Servicer

Collateral

Size in USD

Structure:

Tranche name Rating:Moodys/S&P Size(M$) Spread WAL Credit Enhacement

Excess spread

Reserve fund

Max reserve fund

Example:

Deal launched Date	Tuesday, March 01, 2005
Originator	XXXXX
Servicer	YYYY
Collateral	Resi B&C
Size in USD		500,000,000

Structure:

Tranche name	Rating: Moodys/S&P	Size(M$)		Spread	WAL		Credit Enhacement
A1	AAA/AAA		200			1		60.00	%
A2	AAA/AAA		140			3		32.00	%
A3	AAA/AAA		50			6.23/9.66		22.00	%
	AAA/AAA							22.00	%
	AAA/AAA							22.00	%
M1	Aa2/AA		55			5		11.00	%
M2	A2/A		30			5		5.00	%
M3	A3/A-		5			4.6		4.00	%
B1	Baa1/BBB+		5			4.6		3.00	%
B2	Baa2/BBB		5			4.5		2.00	%
B3	Baa3/BBB-		5			4.3		1.00	%
B4	Ba1/BB+		5					0.00	%
	N/A

Excess spread	3.92	%
Reserve fund	2.65	%
Max reserve fund	0	%

LTV/FICO Matrix

	LTV
	60-		60-65		65-70		70-75		75-80		80-85		85-90		90-95		95-100		Total
FIXED
FICO
350-479																				0
480-499																				0
500-519																				0
520-539																				0
540-559																				0
560-579																				0
580-599																				0
600-619																				0
620-639																				0
640-659																				0
660-679																				0
680-699																				0
700-719																				0
720-739																				0
740-759																				0
760-779																				0
780-799																				0
800-850																				0
Total		0		0		0		0		0		0		0		0		0		0
ARM
FICO
350-479																				0
480-499																				0
500-519																				0
520-539																				0
540-559																				0
560-579																				0
580-599																				0
600-619																				0
620-639																				0
640-659																				0
660-679																				0
680-699																				0
700-719																				0
720-739																				0
740-759																				0
760-779																				0
780-799																				0
800-850																				0
Total		0		0		0		0		0		0		0		0		0		0

CLTV/FICO Matrix

	CLTV (including silent seconds)
	60-		60-65		65-70		70-75		75-80		80-85		85-90		90-95		95-100		100-105		105-110		110+		Total
FIXED
FICO
350-479																										0
480-499																										0
500-519																										0
520-539																										0
540-559																										0
560-579																										0
580-599																										0
600-619																										0
620-639																										0
640-659																										0
660-679																										0
680-699																										0
700-719																										0
720-739																										0
740-759																										0
760-779																										0
780-799																										0
800-850																										0
Total		0		0		0		0		0		0		0		0		0		0		0		0		0
ARM
FICO
350-479																										0
480-499																										0
500-519																										0
520-539																										0
540-559																										0
560-579																										0
580-599																										0
600-619																										0
620-639																										0
640-659																										0
660-679																										0
680-699																										0
700-719																										0
720-739																										0
740-759																										0
760-779																										0
780-799																										0
800-850																										0
Total		0		0		0		0		0		0		0		0		0		0		0		0		0

	IO
FICO
350-479
480-499
500-519
520-539
540-559
560-579
580-599
600-619
620-639
640-659
660-679
680-699
700-719
720-739
740-759
760-779
780-799
800-850

	Mortgage Insurance
FICO
350-479
480-499
500-519
520-539
540-559
560-579
580-599
600-619
620-639
640-659
660-679
680-699
700-719
720-739
740-759
760-779
780-799
800-850

DTI/FICO matrix

		DTI
		<20	20-24.9	25-29.9	30-34.9	35-39.9	40-44.9	45-49.9	50-54.9	55-59.9	60+	TOTAL
product	fico range
ARM	300-500
	500-550
	550-575
	575-600
	600-620
	620-650
	650-680
	680-700
	700-750
	750-800
	800-900
	Total
Fixed	300-500
	500-550
	550-575
	575-600
	600-620
	620-650
	650-680
	680-700
	700-750
	750-800
	800-900
	Total

General Pool Statistics

Geographic distribution

State	%
California
Florida
NY
New Jersey
Nevada
Texas
Illinois
Washington
Maryland
Massachussets
Arizona
Colorado
Oregon
Connecticut
Georgia
North Carolina
Alaska
Alabama
Arkansas
Delaware
Hawaii
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Hampshire
New Mexico
North Dakota
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
West Virginia
Wisconsin
Wyoming
Washington DC

Documentation

	%
Full Documentation
Stated Documentation
Reduced Documentation
No documentation

Occupancy Status

	%
Primary Residence
Second / Vacation
Non Owner Occupied

Distribution by Property Type

	%
One
2-4 Unit
Pud detached
Condo
Pud attached
Modular Home
Manufactured Housing
Town house

Repayment type

	%
2 year ARM
2 year ARM IO
3 Year ARM
3 Year ARM IO
25 Lib 1M/IO/10YR
5 Year ARM
5 Year ARM IO
15/30 Balloon
20/30 Balloon
Fixed
IO
Actuarial

Prepay penalty

	%
1 year
2 year
3 year
other
none

Rate type

	%
Fixed
ARM

Borrower type

	%
1st Lien
2nd lien

Mortgage purpose

	%
Purchase
Rate/Term refinance
Equity refinance

Summary statistics

Number of loans

Total principal balance

Average outstanding balance

Largest outstanding balance

WA LTV

LTV >90%

WA Remaining Term (Months)

WA Seasoning (months)

WA Credit Score

WA Net Mortgage Rate

WA Neg Am limit

AFC

	%
0.50%
1.00%
1.50%
2.00%
NA or fixed rate

Conforming

	%
Conforming
Non conforming

LTV/FICO Matrix

	LTV
	60-		60-65		65-70		70-75		75-80		80-85		85-90		90-95		95-100		Total
FIXED
FICO
350-479																				0
480-499																				0
500-519																				0
520-539																				0
540-559																				0
560-579																				0
580-599																				0
600-619																				0
620-639																				0
640-659																				0
660-679																				0
680-699																				0
700-719																				0
720-739																				0
740-759																				0
760-779																				0
780-799																				0
800-850																				0
Total		0		0		0		0		0		0		0		0		0		0
ARM
FICO
350-479																				0
480-499																				0
500-519																				0
520-539																				0
540-559																				0
560-579																				0
580-599																				0
600-619																				0
620-639																				0
640-659																				0
660-679																				0
680-699																				0
700-719																				0
720-739																				0
740-759																				0
760-779																				0
780-799																				0
800-850																				0
Total		0		0		0		0		0		0		0		0		0		0

CLTV/FICO Matrix

	CLTV (including silent seconds)
	60-		60-65		65-70		70-75		75-80		80-85		85-90		90-95		95-100		100-105		105-110		110+		Total
FIXED
FICO
350-479																										0
480-499																										0
500-519																										0
520-539																										0
540-559																										0
560-579																										0
580-599																										0
600-619																										0
620-639																										0
640-659																										0
660-679																										0
680-699																										0
700-719																										0
720-739																										0
740-759																										0
760-779																										0
780-799																										0
800-850																										0
Total		0		0		0		0		0		0		0		0		0		0		0		0		0
ARM
FICO
350-479																										0
480-499																										0
500-519																										0
520-539																										0
540-559																										0
560-579																										0
580-599																										0
600-619																										0
620-639																										0
640-659																										0
660-679																										0
680-699																										0
700-719																										0
720-739																										0
740-759																										0
760-779																										0
780-799																										0
800-850																										0
Total		0		0		0		0		0		0		0		0		0		0		0		0		0

	IO
FICO
350-479
480-499
500-519
520-539
540-559
560-579
580-599
600-619
620-639
640-659
660-679
680-699
700-719
720-739
740-759
760-779
780-799
800-850

	Mortgage Insurance
FICO
350-479
480-499
500-519
520-539
540-559
560-579
580-599
600-619
620-639
640-659
660-679
680-699
700-719
720-739
740-759
760-779
780-799
800-850

DTI/FICO matrix

			DTI
			<20	20-24.9	25-29.9	30-34.9	35-39.9	40-44.9	45-49.9	50-54.9	55-59.9	60+	TOTAL
product	fico range
ARM		300-500
		500-550
		550-575
		575-600
		600-620
		620-650
		650-680
		680-700
		700-750
		750-800
		800-900
	Total
Fixed		300-500
		500-550
		550-575
		575-600
		600-620
		620-650
		650-680
		680-700
		700-750
		750-800
		800-900
	Total

General Pool Statistics

Geographic distribution

State	%
California
Florida
NY
New Jersey
Nevada
Texas
Illinois
Washington
Maryland
Massachussets
Arizona
Colorado
Oregon
Connecticut
Georgia
North Carolina
Alaska
Alabama
Arkansas
Delaware
Hawaii
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Hampshire
New Mexico
North Dakota
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
West Virginia
Wisconsin
Wyoming
Washington DC

Documentation

	%
Full Documentation
Stated Documentation
Reduced Documentation
No documentation

Occupancy Status

	%
Primary Residence
Second / Vacation
Non Owner Occupied

Distribution by Property Type

	%
One
2-4 Unit
Pud detached
Condo
Pud attached
Modular Home
Manufactured Housing
Town house

Repayment type

	%
2 year ARM
2 year ARM IO
3 Year ARM
3 Year ARM IO
25 Lib 1M/IO/10YR
5 Year ARM
5 Year ARM IO
15/30 Balloon
20/30 Balloon
Fixed
IO
Actuarial

Prepay penalty

	%
1 year
2 year
3 year
other
none

Rate type

	%
Fixed
ARM

Borrower type

	%
1st Lien
2nd lien

Mortgage purpose

	%
Purchase
Rate/Term refinance
Equity refinance

Summary statistics

Number of loans

Total principal balance

Average outstanding balance

Largest outstanding balance

WA LTV

LTV >90%

WA Remaining Term (Months)

WA Seasoning (months)

WA Credit Score

WA Net Mortgage Rate

WA Neg Am limit

AFC

	%
0.50%
1.00%
1.50%
2.00%
NA or fixed rate

Conforming

	%
Conforming
Non conforming

LTV/FICO Matrix

	LTV
		60-		60-65		65-70		70-75		75-80		80-85		85-90		90-95		95-100		Total
FIXED
FICO
350-479																					0
480-499																					0
500-519																					0
520-539																					0
540-559																					0
560-579																					0
580-599																					0
600-619																					0
620-639																					0
640-659																					0
660-679																					0
680-699																					0
700-719																					0
720-739																					0
740-759																					0
760-779																					0
780-799																					0
800-850																					0
Total			0		0		0		0		0		0		0		0		0		0
ARM
FICO
350-479																					0
480-499																					0
500-519																					0
520-539																					0
540-559																					0
560-579																					0
580-599																					0
600-619																					0
620-639																					0
640-659																					0
660-679																					0
680-699																					0
700-719																					0
720-739																					0
740-759																					0
760-779																					0
780-799																					0
800-850																					0
Total			0		0		0		0		0		0		0		0		0		0

CLTV/FICO Matrix

	CLTV (including silent seconds)
	60-		60-65		65-70			70-75		75-80		80-85		85-90		90-95		95-100		100-105		105-110		110+		Total
FIXED
FICO
350-479																											0
480-499																											0
500-519																											0
520-539																											0
540-559							��																				0
560-579																											0
580-599																											0
600-619																											0
620-639																											0
640-659																											0
660-679																											0
680-699																											0
700-719																											0
720-739																											0
740-759																											0
760-779																											0
780-799																											0
800-850																											0
Total		0		0		0			0		0		0		0		0		0		0		0		0		0
ARM
FICO
350-479																											0
480-499																											0
500-519																											0
520-539																											0
540-559																											0
560-579																											0
580-599																											0
600-619																											0
620-639																											0
640-659																											0
660-679																											0
680-699																											0
700-719																											0
720-739																											0
740-759																											0
760-779																											0
780-799																											0
800-850																											0
Total		0		0		0			0		0		0		0		0		0		0		0		0		0

	IO
FICO
350-479
480-499
500-519
520-539
540-559
560-579
580-599
600-619
620-639
640-659
660-679
680-699
700-719
720-739
740-759
760-779
780-799
800-850

	Mortgage Insurance
FICO
350-479
480-499
500-519
520-539
540-559
560-579
580-599
600-619
620-639
640-659
660-679
680-699
700-719
720-739
740-759
760-779
780-799
800-850

DTI/FICO matrix

			DTI
			<20	20-24.9	25-29.9	30-34.9	35-39.9	40-44.9	45-49.9	50-54.9	55-59.9	60+	TOTAL
product	fico range
ARM		300-500
		500-550
		550-575
		575-600
		600-620
		620-650
		650-680
		680-700
		700-750
		750-800
		800-900
	Total
Fixed		300-500
		500-550
		550-575
		575-600
		600-620
		620-650
		650-680
		680-700
		700-750
		750-800
		800-900
	Total

General Pool Statistics

Geographic distribution

State	%
California
Florida
NY
New Jersey
Nevada
Texas
Illinois
Washington
Maryland
Massachussets
Arizona
Colorado
Oregon
Connecticut
Georgia
North Carolina
Alaska
Alabama
Arkansas
Delaware
Hawaii
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
New Hampshire
New Mexico
North Dakota
Ohio
Oklahoma
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
West Virginia
Wisconsin
Wyoming
Washington DC

Documentation

	%
Full Documentation
Stated Documentation
Reduced Documentation
No documentation

Occupancy Status

	%
Primary Residence
Second / Vacation
Non Owner Occupied

Distribution by Property Type

	%
One
2-4 Unit
Pud detached
Condo
Pud attached
Modular Home
Manufactured Housing
Town house

Repayment type

	%
2 year ARM
2 year ARM IO
3 Year ARM
3 Year ARM IO
25 Lib 1M/IO/10YR
5 Year ARM
5 Year ARM IO
15/30 Balloon
20/30 Balloon
Fixed
IO
Actuarial

Prepay penalty

	%
1 year
2 year
3 year
other
none

Rate type

	%
Fixed
ARM

Borrower type

	%
1st Lien
2nd lien

Mortgage purpose

	%
Purchase
Rate/Term refinance
Equity refinance

Summary statistics

Number of loans

Total principal balance

Average outstanding balance

Largest outstanding balance

WA LTV

LTV >90%

WA Remaining Term (Months)

WA Seasoning (months)

WA Credit Score

WA Net Mortgage Rate

WA Neg Am limit

AFC

	%
0.50%
1.00%
1.50%
2.00%
NA or fixed rate

Conforming

	%
Conforming
Non conforming