First NLC Securitization 8-K Other Events

First NLC Securitization Trust 2005-4

Issuer

First NLC Securitization, Inc.

Depositor

DISCLAIMER

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates with a file number of 333-127919. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (703) 469-1225.

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’ appropriateness 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.

Deal Info		v1.3
Deal Name	FNLC 2005-4
Bloomberg Ticker:
Asset Class:	Subprime
Issuer:	FNLC
Trustee:
Lead Manager(s)	FBR
Month:
To Roll	28
Remaining Term	352
Remaining IO Term	58
% Interest Only	30.78

Cells in red font are calculations and should be left alone.

Please put averages in gray cells at the bottom of each bucket.

Master Servicer:
Backup Servicer:
Primary Servicer (s):		%	Name	Originator (s):		%		Name	FICO by Originator
JPM Chase	1	100		FNLC	1	100.00	%
	2				2
	3				3
	4				4
	5				5
	6				6
	7				7
	8				8
	9				9
	10				10

Please fill out complete list of servicers and originators even if it is greater then ten

FICO BUCKET

FICO	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only		MI%
NA			0.00	%
=<500	15	2,480,730	0.32	%	165,382	8.67	%	500	72.01	%	43.18	%	100.00	%	100.00	%	93.76	%	56.95	%	0.00	%	0.00	%
>500 =<520	181	27,128,281	3.50	%	149,880	8.47	%	511	72.41	%	42.90	%	99.20	%	91.69	%	94.15	%	75.89	%	0.00	%	0.00	%
>520 =<540	209	33,943,562	4.38	%	162,409	8.45	%	531	75.02	%	43.47	%	99.77	%	93.42	%	92.78	%	72.20	%	0.00	%	0.00	%
>540 =<560	277	48,383,785	6.25	%	174,671	8.23	%	550	76.86	%	43.92	%	97.81	%	89.36	%	86.70	%	57.70	%	0.00	%	0.00	%
>560 =<580	266	45,466,696	5.87	%	170,927	7.99	%	571	78.84	%	44.46	%	98.03	%	91.65	%	78.01	%	63.23	%	3.14	%	0.00	%
>580 =<600	358	68,553,935	8.85	%	191,491	7.77	%	591	82.83	%	43.56	%	98.15	%	90.48	%	73.79	%	52.92	%	13.11	%	0.00	%
>600 =<620	507	89,535,429	11.56	%	176,598	7.72	%	610	81.51	%	43.60	%	97.63	%	87.65	%	66.21	%	50.83	%	31.13	%	0.00	%
>620 =<640	765	130,629,126	16.87	%	170,757	7.77	%	631	81.79	%	44.28	%	98.08	%	82.50	%	46.83	%	29.96	%	40.35	%	0.00	%
>640 =<660	581	112,592,228	14.54	%	193,790	7.46	%	650	81.65	%	44.63	%	94.77	%	81.80	%	48.74	%	33.61	%	43.28	%	0.00	%
>660 =<680	454	85,453,901	11.04	%	188,224	7.33	%	670	82.60	%	44.14	%	96.15	%	77.44	%	48.81	%	37.16	%	51.44	%	0.00	%
>680 =<700	258	51,423,773	6.64	%	199,317	7.23	%	690	83.14	%	43.37	%	95.79	%	80.19	%	39.87	%	35.07	%	42.27	%	0.00	%
>700 =<750	313	61,796,335	7.98	%	197,432	7.27	%	721	83.35	%	44.17	%	93.89	%	74.97	%	33.11	%	26.99	%	41.88	%	0.00	%
>750	83	16,890,309	2.18	%	203,498	7.42	%	772	83.18	%	43.80	%	95.08	%	68.83	%	25.51	%	18.76	%	41.47	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%	0.00	%
FICO Mean:	625	Median:	628		Standard Deviation:			58
OLTV BUCKET
LTV	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only		MI%
=<50	733	49,792,094	6.43	%	67,929	9.94	%	644	85.79	%	43.66	%	98.09	%	79.63	%	37.49	%	29.23	%	5.24	%	0.00	%
>50 =<55	33	5,806,171	0.75	%	175,945	7.41	%	596	52.18	%	41.25	%	97.07	%	87.21	%	96.49	%	63.58	%	17.74	%	0.00	%
>55 =<60	68	11,988,142	1.55	%	176,296	7.35	%	600	58.23	%	41.64	%	92.24	%	88.53	%	92.75	%	66.72	%	16.57	%	0.00	%
>60 =<65	91	16,778,935	2.17	%	184,384	7.51	%	587	63.50	%	43.00	%	93.07	%	86.32	%	94.01	%	41.92	%	9.99	%	0.00	%
>65 =<70	170	33,486,416	4.32	%	196,979	7.42	%	586	68.56	%	42.98	%	98.43	%	87.50	%	93.69	%	53.66	%	11.63	%	0.00	%
>70 =<75	306	60,677,237	7.84	%	198,292	7.53	%	597	73.87	%	43.63	%	94.04	%	82.23	%	89.21	%	45.76	%	18.74	%	0.00	%
>75 =<80	1,802	384,629,054	49.68	%	213,446	7.37	%	640	79.75	%	44.22	%	98.22	%	81.73	%	40.59	%	34.18	%	41.53	%	0.00	%
>80 =<85	311	61,862,054	7.99	%	198,913	7.76	%	616	84.40	%	43.47	%	95.44	%	86.93	%	85.06	%	57.70	%	24.78	%	0.00	%
>85 =<90	481	97,527,764	12.60	%	202,760	7.81	%	625	89.59	%	44.61	%	93.26	%	90.25	%	68.49	%	51.79	%	27.43	%	0.00	%
>90 =<95	151	32,374,957	4.18	%	214,404	7.80	%	647	94.33	%	45.00	%	99.43	%	82.27	%	82.28	%	61.24	%	41.07	%	0.00	%
>95 <100	8	1,707,116	0.22	%	213,390	7.89	%	652	97.61	%	44.87	%	100.00	%	88.40	%	74.97	%	28.65	%	9.08	%	0.00	%
=>100	113	17,648,149	2.28	%	156,178	8.56	%	640	100.00	%	43.07	%	98.22	%	92.97	%	54.08	%	82.69	%	2.49	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%	0.00	%
LTV Mean:	82.72	CLTV:	81.03		Standard Deviation:			11.95			LTV =80:		41.17				% Silent Seconds:				32.84
											LTV =100:		6.54		CLTV W/ Silent Seconds:						87.44
CLTV BUCKET
LTV	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only		MI%
=<50	86	11,845,437	1.53	%	137,738	7.52	%	591	41.56	%	41.62	%	92.22	%	91.61	%	96.59	%	55.56	%	21.76	%	0.00	%
>50 =<55	33	5,806,171	0.75	%	175,945	7.41	%	596	52.18	%	41.25	%	97.07	%	87.21	%	96.49	%	63.58	%	17.74	%	0.00	%
>55 =<60	68	11,988,142	1.55	%	176,296	7.35	%	600	58.23	%	41.64	%	92.24	%	88.53	%	92.75	%	66.72	%	16.57	%	0.00	%
>60 =<65	91	16,778,935	2.17	%	184,384	7.51	%	587	63.50	%	43.00	%	93.07	%	86.32	%	94.01	%	41.92	%	9.99	%	0.00	%
>65 =<70	171	33,536,338	4.33	%	196,119	7.43	%	586	68.55	%	42.98	%	98.43	%	87.52	%	93.70	%	53.58	%	11.61	%	0.00	%
>70 =<75	307	60,712,237	7.84	%	197,760	7.53	%	597	73.87	%	43.63	%	94.04	%	82.24	%	89.21	%	45.73	%	18.73	%	0.00	%
>75 =<80	1,802	384,629,054	49.68	%	213,446	7.37	%	640	79.75	%	44.22	%	98.22	%	81.73	%	40.59	%	34.18	%	41.53	%	0.00	%
>80 =<85	311	61,862,054	7.99	%	198,913	7.76	%	616	84.40	%	43.47	%	95.44	%	86.93	%	85.06	%	57.70	%	24.78	%	0.00	%
>85 =<90	488	97,769,862	12.63	%	200,348	7.82	%	625	89.59	%	44.61	%	93.28	%	90.26	%	68.50	%	51.73	%	27.36	%	0.00	%
>90 =<95	181	33,891,184	4.38	%	187,244	7.92	%	647	94.34	%	45.00	%	99.45	%	82.44	%	81.50	%	58.77	%	39.23	%	0.00	%
>95 <100	68	4,855,563	0.63	%	71,405	9.67	%	654	98.79	%	44.93	%	100.00	%	81.93	%	37.52	%	29.10	%	3.19	%	0.00	%
=>100	661	50,603,113	6.54	%	76,555	9.96	%	654	100.00	%	43.83	%	99.33	%	81.25	%	29.61	%	42.44	%	0.93	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%	0.00	%

DTI BUCKET
DTI	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=<20	61	7,356,651	0.95	%	120,601	7.86	%	620	79.72	%	14.77	%	73.29	%	88.86	%	63.94	%	66.12	%	4.69	%
>20 =<25	83	11,607,166	1.50	%	139,845	7.78	%	616	76.91	%	23.18	%	87.56	%	87.35	%	81.19	%	66.84	%	15.54	%
>25 =<30	175	24,293,484	3.14	%	138,820	7.82	%	620	78.12	%	27.86	%	85.87	%	90.36	%	70.18	%	60.78	%	24.41	%
>30 =<35	306	46,041,217	5.95	%	150,461	7.79	%	616	80.35	%	32.77	%	96.17	%	89.98	%	67.07	%	59.28	%	23.93	%
>35 =<40	514	81,412,469	10.51	%	158,390	7.69	%	630	80.08	%	37.70	%	94.14	%	85.60	%	59.14	%	48.68	%	28.77	%
>40 =<45	947	172,206,863	22.24	%	181,845	7.64	%	636	81.51	%	42.81	%	97.82	%	83.53	%	53.07	%	35.75	%	35.38	%
>45 =<50	1,798	353,699,291	45.68	%	196,718	7.71	%	632	81.55	%	47.94	%	98.60	%	82.00	%	54.28	%	32.27	%	33.30	%
>50 =<55	382	77,581,948	10.02	%	203,094	7.53	%	613	80.61	%	52.83	%	97.37	%	85.10	%	72.22	%	79.23	%	22.01	%
>55 =<60	1	79,000	0.01	%	79,000	7.00	%	550	59.85	%	56.17	%	100.00	%	100.00	%	100.00	%	100.00	%	0.00	%
>60	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
DTI Mean:	43.12	Median:	45.2		Standard Deviation:			7.76
PURPOSE BUCKET
Purpose	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Purchase	1,771	309,085,302	39.92	%	174,526	7.73	%	655	83.31	%	44.42	%	97.23	%	77.36	%	0.00	%	26.17	%	40.28	%
Refi (Cash out)	2,396	449,676,691	58.08	%	187,678	7.65	%	611	79.39	%	43.70	%	96.54	%	88.16	%	100.00	%	54.40	%	24.62	%
Refi (no Cash)	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Refi (Rate Term)	100	15,516,095	2.00	%	155,161	7.88	%	616	82.99	%	44.04	%	100.00	%	91.23	%	0.00	%	39.25	%	19.86	%
Consolidation	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Other	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
OCCUPANCY BUCKET
Occ Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Primary (OOC)	4,118	750,172,388	96.89	%	182,169	7.68	%	628	81.09	%	44.22	%	100.00	%	84.37	%	57.87	%	42.67	%	31.62	%
Investment	149	24,105,701	3.11	%	161,783	7.78	%	654	79.02	%	36.87	%	0.00	%	69.48	%	64.48	%	47.60	%	4.49	%
2nd / Vacation	—	—	0.00	%
Rental	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
	Investment LTV = 80:		0.6
DOCUMENTATION BUCKET
Doc Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Full	1,996	331,582,082	42.82	%	166,123	7.58	%	611	80.88	%	43.45	%	96.54	%	89.76	%	73.77	%	100.00	%	23.80	%
Alternative	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Limited	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Stated	2,251	440,987,386	56.95	%	195,907	7.76	%	642	81.07	%	44.42	%	97.14	%	79.53	%	46.48	%	0.00	%	36.11	%
No Ratio	20	1,708,621	0.22	%	85,431	9.85	%	663	98.33	%	39.53	%	100.00	%	79.40	%	6.32	%	0.00	%	6.32	%
NINA	—	—	0.00	%
No Doc	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%

PROPERTY BUCKET
Property Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Single Family	3,602	649,594,637	83.90	%	180,343	7.66	%	625	80.97	%	43.83	%	97.42	%	100.00	%	61.01	%	45.82	%	30.54	%
PUD	1	106,341	0.01	%	106,341	12.19	%	659	100.00	%	49.93	%	100.00	%	100.00	%	100.00	%	0.00	%	0.00	%
2-4 Unit	259	56,749,547	7.33	%	219,110	7.91	%	657	81.45	%	44.69	%	93.14	%	0.00	%	37.53	%	21.49	%	20.01	%
Townhouse	160	28,896,693	3.73	%	180,604	7.62	%	642	82.05	%	46.23	%	96.58	%	0.00	%	53.61	%	32.88	%	41.36	%
Condo	242	38,460,774	4.97	%	158,929	7.83	%	643	80.67	%	44.03	%	93.57	%	0.00	%	41.55	%	30.62	%	43.07	%
MH	3	470,096	0.06	%	156,699	7.54	%	563	67.54	%	44.02	%	100.00	%	0.00	%	100.00	%	100.00	%	0.00	%
Other	—	—	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
PRINCIPAL BUCKET
UPB	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=<50	342	11,631,953	1.50	%	34,012	10.72	%	645	95.85	%	42.28	%	96.14	%	82.46	%	32.63	%	31.50	%	1.03	%
>50 =<75	406	25,825,293	3.34	%	63,609	9.51	%	625	88.03	%	41.58	%	95.57	%	85.27	%	44.64	%	50.43	%	1.28	%
>75 =<100	482	42,329,443	5.47	%	87,820	8.53	%	611	82.51	%	41.60	%	95.67	%	85.15	%	59.54	%	59.78	%	4.46	%
>100 =<125	438	49,593,940	6.41	%	113,228	8.09	%	611	80.77	%	42.04	%	94.92	%	86.68	%	64.59	%	58.73	%	8.98	%
>125 =<150	406	56,048,969	7.24	%	138,052	7.77	%	612	80.03	%	41.96	%	95.74	%	89.39	%	61.70	%	60.23	%	13.49	%
>150 =<200	666	116,532,553	15.05	%	174,974	7.74	%	622	80.37	%	43.02	%	96.42	%	82.49	%	63.94	%	51.18	%	23.69	%
>200 =<250	514	115,127,390	14.87	%	223,983	7.45	%	632	80.35	%	44.27	%	98.03	%	84.26	%	58.51	%	43.22	%	29.74	%
>250 =<300	377	103,457,119	13.36	%	274,422	7.41	%	635	80.45	%	44.55	%	96.27	%	80.73	%	54.71	%	37.25	%	38.73	%
>300 =<350	213	68,969,761	8.91	%	323,802	7.32	%	633	80.01	%	45.33	%	99.10	%	81.90	%	51.79	%	31.52	%	39.32	%
>350 =<400	167	62,417,003	8.06	%	373,755	7.40	%	635	80.54	%	46.07	%	98.14	%	82.17	%	58.80	%	30.49	%	48.61	%
>400 =<450	108	46,211,939	5.97	%	427,888	7.36	%	639	80.25	%	45.98	%	96.29	%	84.14	%	53.90	%	26.79	%	50.03	%
>450 =<500	87	41,714,449	5.39	%	479,476	7.22	%	644	80.63	%	45.74	%	96.67	%	84.90	%	53.99	%	33.38	%	59.94	%
>500 =<600	50	27,270,825	3.52	%	545,417	7.21	%	640	82.85	%	44.91	%	97.87	%	84.66	%	73.94	%	28.20	%	44.03	%
>600 =<700	9	5,707,454	0.74	%	634,162	7.12	%	654	77.57	%	46.46	%	100.00	%	100.00	%	45.82	%	44.69	%	77.62	%
=>700	2	1,440,000	0.19	%	720,000	6.87	%	635	72.73	%	39.57	%	100.00	%	100.00	%	100.00	%	100.00	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
*  In $1,000
	Min	13,000	Max		720,000
State Concentration Bucket *
State*	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
California	830	224,086,777	28.94	%	269,984	7.41	%	639	79.55	%	44.48	%	97.47	%	86.94	%	49.47	%	33.30	%	53.33	%
Florida	791	132,408,430	17.10	%	167,394	7.75	%	630	80.63	%	44.01	%	95.68	%	80.73	%	46.89	%	39.54	%	20.90	%
Illinois	531	96,714,882	12.49	%	182,137	7.66	%	633	82.12	%	44.60	%	98.80	%	78.05	%	69.84	%	40.02	%	24.58	%
Maryland	190	40,314,614	5.21	%	212,182	7.51	%	622	79.97	%	43.79	%	97.14	%	79.69	%	78.75	%	46.15	%	30.52	%
Massachusetts	104	23,436,202	3.03	%	225,348	7.71	%	642	82.16	%	45.45	%	98.11	%	56.24	%	44.56	%	25.76	%	14.22	%
Texas	225	22,798,668	2.94	%	101,327	7.91	%	607	81.24	%	41.96	%	97.86	%	99.06	%	57.25	%	65.13	%	6.05	%
Arizona	132	21,850,550	2.82	%	165,534	7.66	%	624	81.42	%	43.16	%	97.23	%	98.23	%	70.81	%	54.99	%	46.08	%
Virginia	96	20,620,052	2.66	%	214,792	7.79	%	620	80.91	%	45.52	%	97.03	%	69.50	%	65.18	%	36.68	%	46.47	%
Michigan	176	20,300,572	2.62	%	115,344	8.39	%	611	84.62	%	42.04	%	96.97	%	96.03	%	70.54	%	51.06	%	15.52	%
New Jersey	76	16,503,014	2.13	%	217,145	7.80	%	619	80.31	%	45.56	%	99.13	%	79.96	%	65.80	%	46.24	%	15.57	%
Pennsylvania	133	16,147,720	2.09	%	121,411	8.04	%	599	82.08	%	42.52	%	91.41	%	91.88	%	63.70	%	63.30	%	2.62	%
Nevada	73	13,362,483	1.73	%	183,048	7.48	%	633	81.22	%	44.35	%	93.07	%	87.43	%	59.96	%	57.40	%	48.48	%
Washington	74	13,324,469	1.72	%	180,060	7.66	%	607	81.99	%	44.05	%	100.00	%	98.00	%	76.39	%	68.98	%	28.58	%
New York	44	12,388,200	1.60	%	281,550	7.52	%	620	79.55	%	45.26	%	87.48	%	76.98	%	76.71	%	18.34	%	5.07	%
North Carolina	105	11,749,395	1.52	%	111,899	8.10	%	612	84.88	%	43.51	%	96.76	%	97.93	%	44.48	%	62.27	%	11.25	%
Other	687	88,272,060	11.40	%	128,489	8.05	%	620	82.88	%	42.40	%	96.32	%	85.52	%	64.18	%	59.10	%	13.92	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%

* Fill in top 15 states only, combine the remaining in the “Other” Bucket.

* Separate California into North and South if possible.

California Breakdown	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
CA North	341	98,442,144	43.93	%	288,687	7.48	%	637	79.80	%	45.16	%	96.42	%	89.78	%	50.75	%	33.93	%	53.36	%
CA South	489	125,644,633	56.07	%	256,942	7.36	%	640	79.35	%	43.95	%	98.30	%	84.72	%	48.46	%	32.81	%	53.32	%
	830	224,086,777	100.00	%	269,984	7.41	%	639	79.55	%	44.48	%	97.47	%	86.94	%	49.47	%	33.30	%	53.33	%
FIXED / FLOATING (ii)
Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
ARM 2/28	883	181,678,906	23.46	%	205,752	7.68	%	613	80.25	%	43.97	%	93.40	%	83.67	%	58.02	%	40.33	%	0.00	%
ARM 2/28 - 60mo IO	590	166,081,047	21.45	%	281,493	7.13	%	658	80.47	%	44.61	%	99.74	%	82.14	%	36.21	%	29.31	%	100.00	%
ARM 2/28 - Balloon 40/30	105	26,165,349	3.38	%	249,194	7.52	%	619	79.90	%	44.15	%	100.00	%	91.11	%	71.68	%	34.25	%	0.00	%
ARM 3/27	1,033	172,477,468	22.28	%	166,968	7.87	%	604	80.09	%	43.89	%	96.63	%	81.83	%	65.70	%	51.98	%	0.00	%
ARM 3/27 - 60mo IO	234	58,875,886	7.60	%	251,606	7.15	%	652	81.80	%	44.34	%	98.99	%	83.12	%	64.00	%	36.28	%	100.00	%
ARM 3/27 - Balloon 40/30	86	20,328,693	2.63	%	236,380	7.51	%	629	81.32	%	46.79	%	100.00	%	84.28	%	63.76	%	50.82	%	0.00	%
ARM 5/25	8	1,742,091	0.22	%	217,761	7.25	%	661	77.93	%	41.94	%	75.26	%	53.57	%	79.09	%	12.17	%	0.00	%
ARM 5/25 - 60mo IO	19	5,140,493	0.66	%	270,552	6.81	%	664	83.09	%	45.63	%	99.03	%	99.03	%	97.15	%	80.39	%	100.00	%
Fixed 10 yr	3	190,000	0.02	%	63,333	8.02	%	632	58.27	%	38.69	%	100.00	%	100.00	%	100.00	%	100.00	%	0.00	%
Fixed 15 yr	44	4,616,001	0.60	%	104,909	7.65	%	617	74.31	%	41.34	%	93.28	%	91.07	%	97.29	%	65.01	%	0.00	%
Fixed 20 yr	47	4,022,486	0.52	%	85,585	8.72	%	633	81.36	%	38.91	%	98.38	%	94.85	%	77.71	%	61.60	%	0.00	%
Fixed 25 yr	1	141,000	0.02	%	141,000	7.99	%	607	100.00	%	47.76	%	100.00	%	100.00	%	100.00	%	100.00	%	0.00	%
Fixed 30 yr	769	94,651,028	12.22	%	123,083	8.09	%	628	81.53	%	42.65	%	95.62	%	88.35	%	72.54	%	57.48	%	0.00	%
Fixed 30 yr - 60mo IO	35	8,189,844	1.06	%	233,996	7.00	%	666	77.98	%	43.12	%	100.00	%	97.40	%	96.53	%	58.01	%	100.00	%
Fixed 30 yr - Balloon 40/30	39	8,451,869	1.09	%	216,715	7.71	%	619	78.31	%	42.12	%	96.81	%	98.77	%	86.31	%	65.00	%	0.00	%
Fixed 30 yr - Balloon 30/15	371	21,525,929	2.78	%	58,021	10.77	%	664	99.56	%	44.90	%	100.00	%	73.91	%	15.04	%	21.10	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
List all loan types and separate the IO loans i.e. 2/28 and 2/28 IO should have separate rows.
% of 30/40 Year Loans		7.1	% of 40/40 Year Loans			0
LIEN BUCKET
	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
First	3,620	736,331,431	95.10	%	203,406	7.53	%	627	80.07	%	43.98	%	96.73	%	84.32	%	60.09	%	43.95	%	32.36	%
Second	647	37,946,658	4.90	%	58,650	10.70	%	661	99.60	%	44.30	%	99.93	%	75.89	%	19.04	%	21.01	%	0.08	%
Third	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
PREPAYMENT BUCKET
	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
None	1,398	221,250,244	28.58	%	158,262	7.90	%	626	82.06	%	44.07	%	97.84	%	81.56	%	64.95	%	42.95	%	20.06	%
6 Months	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
1 Year	235	55,933,949	7.22	%	238,017	7.64	%	638	80.84	%	44.33	%	93.78	%	71.21	%	45.23	%	28.85	%	29.01	%
2 Year	1,247	277,213,260	35.80	%	222,304	7.44	%	633	80.39	%	44.17	%	96.73	%	85.10	%	46.79	%	37.25	%	46.77	%
3 Year	1,387	219,880,636	28.40	%	158,530	7.79	%	623	80.83	%	43.61	%	96.91	%	88.01	%	68.66	%	53.28	%	21.84	%
5 Year	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	30.78	%
INDEX BUCKET
	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Libor - 6 Month	2,958	632,489,932	100.00	%	213,824	7.52	%	627	80.45	%	44.25	%	96.95	%	83.08	%	56.07	%	40.57	%	36.38	%
Libor - 1 Year			0.00	%
Treasury - 1 Year			0.00	%
CMT - 1 Year			0.00	%
			0.00	%
			0.00	%
			0.00	%
Other			0.00	%
TOTAL	2,958	632,489,932	100.00	%	213,824	7.52	%	627	80.45	%	44.25	%	96.95	%	83.08	%	56.07	%	40.57	%	36.38	%

List all reset rates

MORTGAGE RATE (WAC) BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=> 5.00	—	—	0.00	%
>5.00 =<5.50	3	1,273,494	0.16	%	424,498	5.50	%	666	80.00	%	52.40	%	100.00	%	100.00	%	100.00	%	100.00	%	0.00	%
>5.50 =<6.00	44	11,425,448	1.48	%	259,669	5.90	%	673	79.40	%	44.20	%	100.00	%	89.93	%	59.79	%	75.75	%	64.50	%
>6.00 =<6.50	293	71,792,690	9.27	%	245,026	6.36	%	661	77.37	%	44.23	%	99.55	%	89.82	%	61.08	%	64.91	%	45.30	%
>6.50 =<7.00	689	158,244,074	20.44	%	229,672	6.84	%	652	78.98	%	44.38	%	97.00	%	86.33	%	56.38	%	46.29	%	49.48	%
>7.00 =<7.50	727	164,051,191	21.19	%	225,655	7.30	%	640	79.46	%	43.91	%	96.80	%	83.52	%	53.92	%	31.35	%	40.22	%
>7.50 =<8.00	752	152,886,638	19.75	%	203,307	7.79	%	615	80.79	%	44.32	%	95.84	%	78.67	%	58.52	%	33.92	%	24.00	%
>8.00 =<8.50	455	79,982,870	10.33	%	175,787	8.30	%	597	81.54	%	43.40	%	95.27	%	82.62	%	65.65	%	45.62	%	14.35	%
>8.50 =<9.00	379	60,147,138	7.77	%	158,700	8.78	%	579	81.85	%	43.19	%	97.35	%	87.97	%	71.04	%	52.15	%	9.44	%
>9.00 =<9.50	201	25,189,891	3.25	%	125,323	9.30	%	582	85.06	%	42.78	%	92.95	%	85.82	%	78.11	%	57.65	%	0.95	%
>9.50 =<10.00	201	19,487,289	2.52	%	96,952	9.80	%	613	90.76	%	43.53	%	98.58	%	83.12	%	44.72	%	51.22	%	0.00	%
>10.00 =<10.50	151	10,270,251	1.33	%	68,015	10.26	%	656	97.50	%	44.30	%	100.00	%	84.91	%	25.74	%	28.05	%	0.00	%
>10.50 =<11.00	127	7,535,179	0.97	%	59,332	10.80	%	643	97.76	%	44.27	%	100.00	%	78.59	%	27.00	%	24.89	%	0.41	%
>11.00 =<11.50	63	3,309,652	0.43	%	52,534	11.30	%	644	99.30	%	45.06	%	100.00	%	79.78	%	19.21	%	8.68	%	0.00	%
>11.50 =<12.00	56	2,963,152	0.38	%	52,913	11.80	%	636	99.37	%	42.89	%	100.00	%	66.61	%	14.23	%	24.25	%	0.00	%
>12.00 =<12.50	93	4,123,240	0.53	%	44,336	12.24	%	625	99.95	%	45.21	%	100.00	%	75.22	%	22.00	%	6.79	%	0.00	%
>12.50 =<13.00	28	1,400,467	0.18	%	50,017	12.77	%	636	99.75	%	44.00	%	100.00	%	36.95	%	19.34	%	6.47	%	0.00	%
>13.00	5	195,424	0.03	%	39,085	13.52	%	636	99.88	%	39.22	%	100.00	%	41.90	%	24.56	%	11.26	%	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03		43.99		96.89		83.91		58.08		42.82		30.78
MARGIN (WAM) BUCKET
	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=> 2.00	—	—	0.00	%
>2.00 =<2.50	—	—	0.00	%
>2.50 =<3.00	—	—	0.00	%
>3.00 =<3.50	11	1,969,581	0.31	%	179,053	8.01	%	581	79.29	%	46.52	%	100.00	%	80.82	%	100.00	%	57.51	%	7.11	%
>3.50 =<4.00	60	10,978,075	1.74	%	182,968	7.15	%	621	80.11	%	44.46	%	100.00	%	74.90	%	70.71	%	51.94	%	32.81	%
>4.00 =<4.50	12	2,717,959	0.43	%	226,497	6.42	%	646	82.79	%	44.31	%	100.00	%	79.14	%	80.32	%	50.73	%	54.83	%
>4.50 =<5.00	21	6,593,445	1.04	%	313,974	6.36	%	651	77.76	%	44.91	%	100.00	%	93.63	%	64.22	%	73.85	%	42.85	%
>5.00 =<5.50	69	20,428,392	3.23	%	296,064	6.45	%	661	78.77	%	44.68	%	100.00	%	85.45	%	36.37	%	52.65	%	71.63	%
>5.50 =<6.00	237	58,374,033	9.23	%	246,304	6.84	%	650	79.33	%	44.69	%	98.02	%	84.52	%	53.05	%	51.71	%	51.23	%
>6.00 =<6.50	521	131,053,941	20.72	%	251,543	7.00	%	646	79.81	%	44.80	%	97.17	%	87.03	%	52.96	%	42.03	%	51.55	%
>6.50 =<7.00	640	149,405,783	23.62	%	233,447	7.32	%	641	80.21	%	44.13	%	96.43	%	80.78	%	54.54	%	30.55	%	41.20	%
>7.00 =<7.50	497	105,621,129	16.70	%	212,517	7.73	%	619	80.22	%	44.06	%	96.60	%	81.90	%	53.87	%	31.46	%	30.30	%
>7.50 =<8.00	409	70,803,301	11.19	%	173,113	8.21	%	599	81.01	%	43.85	%	96.50	%	77.44	%	58.08	%	38.60	%	16.85	%
>8.00 =<8.50	284	45,717,528	7.23	%	160,977	8.69	%	587	83.67	%	43.80	%	96.05	%	83.81	%	66.49	%	52.70	%	8.30	%
>8.50 =<9.00	160	23,783,443	3.76	%	148,647	9.11	%	566	82.65	%	43.23	%	95.56	%	89.20	%	75.17	%	58.77	%	2.80	%
>9.00 =<9.50	30	4,506,819	0.71	%	150,227	9.49	%	564	84.69	%	43.25	%	96.92	%	100.00	%	64.43	%	63.49	%	0.00	%
>9.50 =<10.00	5	435,172	0.07	%	87,034	10.03	%	573	82.62	%	45.25	%	90.44	%	90.44	%	0.00	%	53.73	%	0.00	%
>10.00 =<10.50	2	101,330	0.02	%	50,665	10.52	%	554	82.47	%	40.75	%	100.00	%	50.51	%	0.00	%	100.00	%	0.00	%
TOTAL	2,958	632,489,932	100.00	%	213,824	7.52	%	627	80.45		44.25		96.95		83.08		56.07		40.57		36.38

Deal Coverage

	Loan-to-Value (LTV)
Percentage of the deal based on FICO and LTV buckets.*	=<55		>55 =<60		>60 =<65		>65 =<70		>70 =<75		>75 =<80		>80 =<85		>85 =<90		>90 =<95		>95 <100		=>100
FICO
NA	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
=<500	0.03	%	0.03	%	0.00	%	0.01	%	0.14	%	0.11	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
>500 =<550	0.78	%	0.33	%	0.63	%	1.44	%	1.83	%	4.24	%	1.19	%	0.68	%	0.03	%	0.00	%	0.00	%
>550 =<600	0.41	%	0.47	%	0.59	%	1.24	%	2.25	%	5.00	%	2.05	%	4.02	%	0.87	%	0.81	%	0.00	%
>600 =<625	0.36	%	0.25	%	0.43	%	0.55	%	1.18	%	7.22	%	1.60	%	2.40	%	0.63	%	1.15	%	0.00	%
>625 =<650	0.27	%	0.17	%	0.34	%	0.40	%	1.02	%	12.91	%	0.86	%	1.68	%	0.83	%	1.84	%	0.00	%
>650 =<675	0.21	%	0.17	%	0.08	%	0.28	%	0.73	%	8.68	%	1.24	%	1.71	%	0.88	%	1.37	%	0.00	%
>675 =<700	0.13	%	0.03	%	0.03	%	0.25	%	0.23	%	5.55	%	0.65	%	0.96	%	0.56	%	0.78	%	0.00	%
>700 =<725	0.01	%	0.03	%	0.05	%	0.11	%	0.21	%	3.12	%	0.18	%	0.52	%	0.31	%	0.67	%	0.00	%
>725 =<750	0.04	%	0.02	%	0.00	%	0.05	%	0.09	%	1.63	%	0.22	%	0.27	%	0.13	%	0.30	%	0.00	%
>750 <800	0.03	%	0.05	%	0.00	%	0.00	%	0.16	%	1.13	%	0.00	%	0.30	%	0.10	%	0.22	%	0.00	%
=>800	0.01	%	0.00	%	0.00	%	0.00	%	0.00	%	0.08	%	0.00	%	0.07	%	0.03	%	0.01	%	0.00	%

* This table should be filled out with the percentage of the deal corresponding to each cross LTV and FICO buckets

MI Coverage

Percentage of MI coverage based on FICO and LTV buckets.*	Loan-to-Value (LTV)
	=<55	>55 =<60	>60 =<65	>65 =<70	>70 =<75	>75 =<80	>80 =<85	>85 =<90	>90 =<95	>95 <100	=>100
FICO
NA
=<500
>500 =<550
>550 =<600
>600 =<625						No MI
>625 =<650
>650 =<675
>675 =<700
>700 =<725
>725 =<750
>750 <800
=>800

* This table should be filled out with the percentage of MI corresponding to each cross LTV and FICO buckets

IO ONLY FICO BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		LTV =>80
NA	—	—	0.00	%
=<500	—	—	0.00	%
>500 =<520	—	—	0.00	%
>520 =<540	—	—	0.00	%
>540 =<560	—	—	0.00	%
>560 =<580	4	1,426,180	0.60	%	356,545	7.25	%	574	82.36	%	45.54	%	100.00	%	100.00	%	100.00	%	65.68	%	55.64	%
>580 =<600	37	8,984,394	3.77	%	242,821	7.31	%	593	83.62	%	42.72	%	100.00	%	89.05	%	72.42	%	68.05	%	85.44	%
>600 =<620	107	27,869,937	11.70	%	260,467	7.38	%	611	81.15	%	44.78	%	100.00	%	88.11	%	67.54	%	40.38	%	74.30	%
>620 =<640	196	52,705,522	22.12	%	268,906	7.31	%	631	80.13	%	44.75	%	100.00	%	84.26	%	39.78	%	20.92	%	80.70	%
>640 =<660	178	48,726,663	20.45	%	273,745	7.10	%	650	79.99	%	44.76	%	99.21	%	85.42	%	47.09	%	33.86	%	77.36	%
>660 =<680	157	43,953,970	18.45	%	279,962	7.02	%	670	80.78	%	44.37	%	98.93	%	77.14	%	51.29	%	40.24	%	75.90	%
>680 =<700	80	21,736,493	9.12	%	271,706	6.91	%	689	81.83	%	43.56	%	100.00	%	86.83	%	39.48	%	33.04	%	81.83	%
>700 =<750	95	25,879,071	10.86	%	272,411	6.84	%	721	80.84	%	44.88	%	99.81	%	80.93	%	30.38	%	28.34	%	88.69	%
>750	24	7,005,040	2.94	%	291,877	7.01	%	771	81.88	%	44.46	%	97.47	%	66.80	%	15.10	%	12.67	%	90.33	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	79.67	%
IO ONLY PRINCIPAL BUCKET
	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
UPB	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		LTV =>80
=<50	3	120,000	0.05	%	40,000	8.80	%	686	75.44	%	29.34	%	58.33	%	58.33	%	67.17	%	41.67	%	58.33	%
>50 =<75	5	329,938	0.14	%	65,988	7.09	%	674	78.47	%	38.13	%	100.00	%	80.30	%	37.16	%	39.51	%	80.30	%
>75 =<100	21	1,887,796	0.79	%	89,895	7.30	%	657	80.70	%	43.41	%	100.00	%	80.92	%	52.43	%	66.03	%	72.25	%
>100 =<500	820	219,513,386	92.12	%	267,699	7.12	%	657	80.63	%	44.42	%	99.53	%	83.00	%	45.04	%	32.69	%	80.18	%
>500 =<600	22	12,006,149	5.04	%	545,734	7.12	%	649	84.63	%	45.76	%	100.00	%	82.63	%	72.31	%	31.70	%	85.17	%
>600 =<700	7	4,430,000	1.86	%	632,857	7.01	%	657	77.64	%	46.91	%	100.00	%	100.00	%	44.36	%	43.41	%	43.14	%
=>700	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	79.67	%
*  In $1,000
INITAIL IO RESET PERIOD
UPB	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		LTV =>80
None	3,389	535,990,819	69.22	%	158,156	7.93	%	616	81.14	%	43.76	%	95.70	%	84.20	%	63.24	%	47.14	%	70.50	%
2 Year	—	—	0.00	%
3 Year	—	—	0.00	%
5 Year	878	238,287,270	30.78	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	79.67	%
7 Year	—	—	0.00	%
10 year	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	4,267	774,278,089	100.00	%	181,457	7.68	%	629	81.03	%	43.99	%	96.89	%	83.91	%	58.08	%	42.82	%	73.32	%

FICO BUCKET

FICO	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only		MI%
NA	—	—	0.00	%
=<500	—	—	0.00	%
>500 =<520	—	—	0.00	%
>520 =<540	—	—	0.00	%
>540 =<560	—	—	0.00	%
>560 =<580	4	1,426,180	0.60	%	356,545	7.25	%	574	82.36	%	45.54	%	100.00	%	100.00	%	100.00	%	65.68	%	100.00	%	0.00	%
>580 =<600	37	8,984,394	3.77	%	242,821	7.31	%	593	83.62	%	42.72	%	100.00	%	89.05	%	72.42	%	68.05	%	100.00	%	0.00	%
>600 =<620	107	27,869,937	11.70	%	260,467	7.38	%	611	81.15	%	44.78	%	100.00	%	88.11	%	67.54	%	40.38	%	100.00	%	0.00	%
>620 =<640	196	52,705,522	22.12	%	268,906	7.31	%	631	80.13	%	44.75	%	100.00	%	84.26	%	39.78	%	20.92	%	100.00	%	0.00	%
>640 =<660	178	48,726,663	20.45	%	273,745	7.10	%	650	79.99	%	44.76	%	99.21	%	85.42	%	47.09	%	33.86	%	100.00	%	0.00	%
>660 =<680	157	43,953,970	18.45	%	279,962	7.02	%	670	80.78	%	44.37	%	98.93	%	77.14	%	51.29	%	40.24	%	100.00	%	0.00	%
>680 =<700	80	21,736,493	9.12	%	271,706	6.91	%	689	81.83	%	43.56	%	100.00	%	86.83	%	39.48	%	33.04	%	100.00	%	0.00	%
>700 =<750	95	25,879,071	10.86	%	272,411	6.84	%	721	80.84	%	44.88	%	99.81	%	80.93	%	30.38	%	28.34	%	100.00	%	0.00	%
>750	24	7,005,040	2.94	%	291,877	7.01	%	771	81.88	%	44.46	%	97.47	%	66.80	%	15.10	%	12.67	%	100.00	%	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%	0.00	%
FICO Mean:	656	Median:	651		Standard Deviation:			40

OLTV BUCKET

LTV	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only		MI%
=<50	13	2,608,107	1.09	%	200,624	7.05	%	643	44.56	%	40.88	%	100.00	%	94.90	%	100.00	%	43.79	%	100.00	%	0.00	%
>50 =<55	5	1,030,250	0.43	%	206,050	6.86	%	655	53.39	%	33.67	%	100.00	%	83.50	%	100.00	%	33.58	%	100.00	%	0.00	%
>55 =<60	9	1,987,000	0.83	%	220,778	6.74	%	648	58.62	%	41.59	%	97.48	%	70.36	%	86.46	%	100.00	%	100.00	%	0.00	%
>60 =<65	7	1,676,000	0.70	%	239,429	7.10	%	643	64.07	%	42.12	%	90.69	%	79.65	%	88.96	%	21.66	%	100.00	%	0.00	%
>65 =<70	17	3,894,572	1.63	%	229,092	6.97	%	636	68.90	%	44.51	%	100.00	%	82.63	%	95.88	%	44.90	%	100.00	%	0.00	%
>70 =<75	37	11,371,951	4.77	%	307,350	6.85	%	650	73.59	%	44.54	%	100.00	%	75.21	%	69.46	%	43.12	%	100.00	%	0.00	%
>75 =<80	586	159,747,163	67.04	%	272,606	7.09	%	660	79.76	%	44.80	%	99.81	%	83.05	%	27.91	%	25.70	%	100.00	%	0.00	%
>80 =<85	56	15,328,544	6.43	%	273,724	7.03	%	656	84.48	%	43.83	%	100.00	%	83.63	%	98.84	%	54.58	%	100.00	%	0.00	%
>85 =<90	99	26,751,661	11.23	%	270,219	7.39	%	647	89.55	%	44.13	%	97.86	%	87.83	%	76.59	%	43.14	%	100.00	%	0.00	%
>90 =<95	47	13,297,122	5.58	%	282,917	7.49	%	659	94.41	%	45.34	%	100.00	%	82.71	%	89.21	%	52.81	%	100.00	%	0.00	%
>95 <100	1	155,000	0.07	%	155,000	7.50	%	621	95.09	%	36.49	%	100.00	%	100.00	%	100.00	%	0.00	%	100.00	%	0.00	%
=>100	1	439,900	0.18	%	439,900	7.75	%	597	100.00	%	33.36	%	100.00	%	100.00	%	0.00	%	100.00	%	100.00	%	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%	0.00	%
LTV Mean:	80.57	CLTV:	80.77		Standard Deviation:			7.62			LTV =80:		56.16				% Silent Seconds:				53.82
											LTV =100:		0.20		CLTV W/Silent Seconds:						91.47

CLTV BUCKET

LTV	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only		MI%
=<50	12	2,577,507	100.00	%	214,792	7.01	%	643	43.91	%	41.00	%	100.00	%	94.84	%	100.00	%	44.31	%	100.00	%	0.00	%
>50 =<55	5	1,030,250	0.43	%	206,050	6.86	%	655	53.39	%	33.67	%	100.00	%	83.50	%	100.00	%	33.58	%	100.00	%	0.00	%
>55 =<60	9	1,987,000	0.83	%	220,778	6.74	%	648	58.62	%	41.59	%	97.48	%	70.36	%	86.46	%	100.00	%	100.00	%	0.00	%
>60 =<65	7	1,676,000	0.70	%	239,429	7.10	%	643	64.07	%	42.12	%	90.69	%	79.65	%	88.96	%	21.66	%	100.00	%	0.00	%
>65 =<70	17	3,894,572	1.63	%	229,092	6.97	%	636	68.90	%	44.51	%	100.00	%	82.63	%	95.88	%	44.90	%	100.00	%	0.00	%
>70 =<75	37	11,371,951	4.77	%	307,350	6.85	%	650	73.59	%	44.54	%	100.00	%	75.21	%	69.46	%	43.12	%	100.00	%	0.00	%
>75 =<80	586	159,747,163	67.04	%	272,606	7.09	%	660	79.76	%	44.80	%	99.81	%	83.05	%	27.91	%	25.70	%	100.00	%	0.00	%
>80 =<85	56	15,328,544	6.43	%	273,724	7.03	%	656	84.48	%	43.83	%	100.00	%	83.63	%	98.84	%	54.58	%	100.00	%	0.00	%
>85 =<90	99	26,751,661	11.23	%	270,219	7.39	%	647	89.55	%	44.13	%	97.86	%	87.83	%	76.59	%	43.14	%	100.00	%	0.00	%
>90 =<95	47	13,297,122	5.58	%	282,917	7.49	%	659	94.41	%	45.34	%	100.00	%	82.71	%	89.21	%	52.81	%	100.00	%	0.00	%
>95 <100	1	155,000	0.07	%	155,000	7.50	%	621	95.09	%	36.49	%	100.00	%	100.00	%	100.00	%	0.00	%	100.00	%	0.00	%
=>100	2	470,500	0.20	%	235,250	7.95	%	599	100.00	%	33.21	%	100.00	%	100.00	%	6.50	%	93.50	%	100.00	%	0.00	%
TOTAL	878	238,287,270	198.92	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%	0.00	%

DTI BUCKET

DTI	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=<20	3	345,000	0.14	%	115,000	8.28	%	680	86.96	%	17.58	%	85.51	%	85.51	%	31.19	%	14.49	%	100.00	%
>20 =<25	8	1,803,750	0.76	%	225,469	7.04	%	652	78.07	%	22.65	%	100.00	%	70.88	%	83.52	%	61.51	%	100.00	%
>25 =<30	29	5,929,200	2.49	%	204,455	7.25	%	658	79.05	%	27.53	%	97.01	%	100.00	%	65.94	%	39.38	%	100.00	%
>30 =<35	45	11,018,682	4.62	%	244,860	7.19	%	651	79.98	%	32.90	%	100.00	%	87.29	%	55.49	%	38.89	%	100.00	%
>35 =<40	95	23,418,508	9.83	%	246,511	7.03	%	658	79.71	%	37.68	%	99.33	%	85.31	%	44.94	%	40.29	%	100.00	%
>40 =<45	225	60,928,919	25.57	%	270,795	7.12	%	662	81.42	%	42.75	%	100.00	%	80.58	%	44.06	%	23.73	%	100.00	%
>45 =<50	420	117,769,813	49.42	%	280,404	7.18	%	655	80.59	%	47.98	%	99.41	%	82.98	%	43.59	%	29.56	%	100.00	%
>50 =<55	53	17,073,397	7.17	%	322,140	6.80	%	660	82.40	%	52.52	%	100.00	%	84.90	%	60.73	%	72.83	%	100.00	%
>55 =<60	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
>60	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%
DTI Mean:	43.96	Median:	45.59		Standard Deviation:			6.34

PURPOSE BUCKET

Purpose	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Purchase	445	124,491,933	52.24	%	279,757	7.16	%	665	80.30	%	44.79	%	99.65	%	80.82	%	0.00	%	20.35	%	100.00	%
Refi (Cash out)	423	110,713,687	46.46	%	261,734	7.08	%	648	81.25	%	44.20	%	99.42	%	86.19	%	100.00	%	48.10	%	100.00	%
Refi (no Cash)	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Refi (Rate Term)	10	3,081,650	1.29	%	308,165	7.44	%	663	82.51	%	44.44	%	100.00	%	77.33	%	0.00	%	10.76	%	100.00	%
Consolidation	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Other	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%

OCCUPANCY BUCKET

Occ Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Primary (OOC)	872	237,205,870	99.55	%	272,025	7.12	%	657	80.76	%	44.52	%	100.00	%	83.28	%	46.40	%	33.07	%	100.00	%
Investment	6	1,081,400	0.45	%	180,233	7.43	%	685	82.05	%	42.12	%	0.00	%	80.95	%	59.87	%	44.76	%	100.00	%
2nd / Vacation	—	—	0.00	%
Rental	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%
	Investment LTV = 80:		0.05

DOCUMENTATION BUCKET

Doc Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Full	315	78,916,687	33.12	%	250,529	6.80	%	651	81.11	%	44.75	%	99.39	%	89.01	%	67.48	%	100.00	%	100.00	%
Alternative	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Limited	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
Stated	562	159,262,584	66.84	%	283,385	7.29	%	660	80.61	%	44.41	%	99.62	%	80.41	%	36.01	%	0.00	%	100.00	%
No Ratio	1	108,000	0.05	%	108,000	6.99	%	644	74.48	%	23.75	%	100.00	%	100.00	%	100.00	%	0.00	%	100.00	%
NINA	—	—	0.00	%
No Doc	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%

PROPERTY BUCKET

Property Type	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Single Family	723	198,417,496	83.27	%	274,436	7.10	%	655	80.86	%	44.44	%	99.56	%	100.00	%	48.09	%	35.40	%	100.00	%
PUD	—	—	0.00	%
2-4 Unit	33	11,353,575	4.76	%	344,048	7.22	%	675	79.43	%	43.44	%	100.00	%	0.00	%	41.04	%	21.51	%	100.00	%
Townhouse	49	11,951,500	5.02	%	243,908	7.22	%	660	80.94	%	46.39	%	99.58	%	0.00	%	51.72	%	19.28	%	100.00	%
Condo	73	16,564,700	6.95	%	226,914	7.33	%	661	80.49	%	44.75	%	99.06	%	0.00	%	26.86	%	23.72	%	100.00	%
MH	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%

PRINCIPAL BUCKET

UPB	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=<50	3	120,000	0.05	%	40,000	8.80	%	686	75.44	%	29.34	%	58.33	%	58.33	%	67.17	%	41.67	%	100.00	%
>50 =<75	5	329,938	0.14	%	65,988	7.09	%	674	78.47	%	38.13	%	100.00	%	80.30	%	37.16	%	39.51	%	100.00	%
>75 =<100	21	1,887,796	0.79	%	89,895	7.30	%	657	80.70	%	43.41	%	100.00	%	80.92	%	52.43	%	66.03	%	100.00	%
>100 =<125	39	4,451,123	1.87	%	114,131	7.19	%	649	78.81	%	42.37	%	100.00	%	71.33	%	58.79	%	58.67	%	100.00	%
>125 =<150	55	7,563,170	3.17	%	137,512	7.28	%	645	78.48	%	41.13	%	98.33	%	89.12	%	56.03	%	41.86	%	100.00	%
>150 =<200	157	27,601,819	11.58	%	175,808	7.23	%	654	80.74	%	43.02	%	98.79	%	81.16	%	55.27	%	44.86	%	100.00	%
>200 =<250	152	34,235,053	14.37	%	225,231	7.20	%	657	80.24	%	43.52	%	100.00	%	83.97	%	50.63	%	35.16	%	100.00	%
>250 =<300	146	40,073,181	16.82	%	274,474	7.10	%	659	81.54	%	44.39	%	99.36	%	76.75	%	44.37	%	29.07	%	100.00	%
>300 =<350	84	27,120,385	11.38	%	322,862	7.13	%	658	79.98	%	45.03	%	98.84	%	83.19	%	34.76	%	22.26	%	100.00	%
>350 =<400	81	30,343,649	12.73	%	374,613	7.08	%	659	80.67	%	45.74	%	100.00	%	81.66	%	44.49	%	25.84	%	100.00	%
>400 =<450	54	23,122,026	9.70	%	428,186	7.14	%	661	81.91	%	45.54	%	100.00	%	88.72	%	37.24	%	27.93	%	100.00	%
>450 =<500	52	25,002,980	10.49	%	480,827	6.92	%	659	80.01	%	45.33	%	100.00	%	90.11	%	40.45	%	38.31	%	100.00	%
>500 =<600	22	12,006,149	5.04	%	545,734	7.12	%	649	84.63	%	45.76	%	100.00	%	82.63	%	72.31	%	31.70	%	100.00	%
>600 =<700	7	4,430,000	1.86	%	632,857	7.01	%	657	77.64	%	46.91	%	100.00	%	100.00	%	44.36	%	43.41	%	100.00	%
=>700	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%
*  In $1,000
	Min	30,600	Max		679,000

State Concentration Bucket *

State*	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
California	353	119,515,576	50.16	%	338,571	7.05	%	657	79.66	%	44.80	%	99.74	%	86.56	%	37.59	%	31.39	%	100.00	%
Florida	119	27,671,035	11.61	%	232,530	7.22	%	663	81.16	%	44.78	%	99.07	%	76.01	%	23.70	%	28.44	%	100.00	%
Illinois	98	23,768,513	9.97	%	242,536	7.18	%	667	83.33	%	44.85	%	100.00	%	81.03	%	72.00	%	28.80	%	100.00	%
Maryland	50	12,304,168	5.16	%	246,083	7.30	%	651	82.75	%	43.53	%	99.59	%	75.30	%	72.17	%	35.78	%	100.00	%
Arizona	56	10,068,472	4.23	%	179,794	7.16	%	652	82.26	%	41.82	%	98.74	%	100.00	%	66.95	%	54.87	%	100.00	%
Virginia	32	9,582,323	4.02	%	299,448	7.34	%	650	81.17	%	47.24	%	98.37	%	52.07	%	50.50	%	16.82	%	100.00	%
Nevada	28	6,478,747	2.72	%	231,384	7.04	%	642	80.61	%	46.04	%	100.00	%	94.94	%	56.44	%	59.69	%	100.00	%
Washington	17	3,808,588	1.60	%	224,035	6.98	%	653	79.91	%	45.67	%	100.00	%	100.00	%	66.18	%	37.86	%	100.00	%
Massachusetts	10	3,332,732	1.40	%	333,273	7.19	%	643	83.81	%	40.71	%	100.00	%	55.52	%	69.21	%	6.96	%	100.00	%
Michigan	17	3,149,905	1.32	%	185,289	7.59	%	645	85.11	%	41.52	%	100.00	%	100.00	%	84.92	%	63.51	%	100.00	%
Oregon	16	2,883,650	1.21	%	180,228	7.00	%	652	82.53	%	42.03	%	100.00	%	93.76	%	73.88	%	57.16	%	100.00	%
New Jersey	9	2,569,823	1.08	%	285,536	7.23	%	662	79.38	%	45.79	%	100.00	%	72.25	%	45.39	%	36.53	%	100.00	%
Colorado	10	1,502,576	0.63	%	150,258	7.21	%	631	80.62	%	38.05	%	100.00	%	95.67	%	76.54	%	32.00	%	100.00	%
Texas	7	1,378,250	0.58	%	196,893	7.34	%	643	82.48	%	43.00	%	100.00	%	100.00	%	0.00	%	22.83	%	100.00	%
Minnesota	6	1,375,250	0.58	%	229,208	6.98	%	644	83.73	%	42.56	%	100.00	%	80.53	%	100.00	%	21.60	%	100.00	%
Other	50	8,897,662	3.73	%	177,953	7.08	%	662	79.72	%	43.31	%	98.01	%	77.62	%	52.56	%	44.15	%	100.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%
*  Fill in top 15 states only, combine the remaining in the “Other” Bucket. *  Separate California into North and South if possible.
California Breakdown	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
CA North	148	52,528,055	43.95	%	354,919	7.09	%	658	79.53	%	45.38	%	99.40	%	89.53	%	35.21	%	30.88	%	100.00	%
CA South	205	66,987,520	56.05	%	326,768	7.02	%	657	79.76	%	44.34	%	100.00	%	84.23	%	39.46	%	31.79	%	100.00	%
	353	119,515,576	100.00	%	338,571	7.05	%	657	79.66	%	44.80	%	99.74	%	86.56	%	37.59	%	31.39	%	100.00	%

FIXED / FLOATING (ii)

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
ARM 2/28 - 60mo IO	590	166,081,047	69.70	%	281,493	0.07	%	658	0.80	%	0.45	%	1.00	%	0.82	%	0.36	%	0.29	%	1.00	%
ARM 3/27 - 60mo IO	234	58,875,886	24.71	%	251,606	0.07	%	652	0.82	%	0.44	%	0.99	%	0.83	%	0.64	%	0.36	%	1.00	%
ARM 5/25 - 60mo IO	19	5,140,493	2.16	%	270,552	0.07	%	664	0.83	%	0.46	%	0.99	%	0.99	%	0.97	%	0.80	%	1.00	%
Fixed 30 yr - 60mo IO	35	8,189,844	3.44	%	233,996	0.07	%	666	0.78	%	0.43	%	1.00	%	0.97	%	0.97	%	0.58	%	1.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%
List all loan types and separate the IO loans i.e. 2/28 and 2/28 IO should have separate rows.
% of 30/40 Year Loans		0	% of 40/40 Year Loans			0

LIEN BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
First	877	238,256,670	99.99	%	271,672	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%
Second	1	30,600	0.01	%	30,600	10.88	%	624	100.00	%	31.08	%	100.00	%	100.00	%	100.00	%	0.00	%	100.00	%
Third	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%

PREPAYMENT BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
None	176	44,380,496	18.62	%	252,162	7.34	%	660	82.61	%	44.11	%	99.89	%	78.81	%	60.45	%	27.66	%	100.00	%
6 Months	—	—	0.00	%	—	0.00	%	0	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
1 Year	54	16,224,890	6.81	%	300,461	7.13	%	667	80.24	%	44.24	%	100.00	%	87.17	%	30.63	%	26.39	%	100.00	%
2 Year	462	129,651,854	54.41	%	280,632	7.07	%	656	80.17	%	44.63	%	99.67	%	82.64	%	35.73	%	31.43	%	100.00	%
3 Year	186	48,030,030	20.16	%	258,226	7.08	%	653	80.87	%	44.66	%	98.76	%	87.76	%	67.87	%	45.01	%	100.00	%
5 Year	—	—	0.00	%
Other	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77	%	44.51	%	99.55	%	83.27	%	46.46	%	33.12	%	100.00	%

INDEX BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
Libor - 6 Month	843	230,097,426	100.00	%	272,951	7.13	%	657	80.87	%	44.56	%	99.53	%	82.77	%	44.68	%	32.23	%	100.00	%
Libor - 1 Year			0.00	%
Treasury - 1 Year			0.00	%
CMT - 1 Year			0.00	%
			0.00	%
			0.00	%
			0.00	%
Other			0.00	%																		��
TOTAL	843	230,097,426	100.00	%	272,951	7.13	%	657	80.87	%	44.56	%	99.53	%	82.77	%	44.68	%	32.23	%	100.00	%
List all reset rates

MORTGAGE RATE (WAC) BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=> 5.00	—	—	0.00	%
>5.00 =<5.50	—	—	0.00	%
>5.50 =<6.00	26	7,369,402	3.09	%	283,439	5.89	%	682	80.38	%	44.88	%	100.00	%	91.04	%	48.90	%	78.90	%	100.00	%
>6.00 =<6.50	119	32,519,384	13.65	%	273,272	6.36	%	670	78.47	%	44.59	%	100.00	%	84.20	%	56.00	%	61.41	%	100.00	%
>6.50 =<7.00	274	78,295,546	32.86	%	285,750	6.83	%	662	80.73	%	44.70	%	99.77	%	87.49	%	50.66	%	42.06	%	100.00	%
>7.00 =<7.50	242	65,977,761	27.69	%	272,635	7.28	%	654	80.21	%	44.42	%	98.94	%	81.47	%	42.04	%	21.59	%	100.00	%
>7.50 =<8.00	139	36,697,579	15.40	%	264,011	7.77	%	646	82.27	%	44.93	%	99.57	%	77.84	%	36.57	%	10.83	%	100.00	%
>8.00 =<8.50	49	11,479,412	4.82	%	234,274	8.26	%	635	83.70	%	42.37	%	99.56	%	83.05	%	39.81	%	14.14	%	100.00	%
>8.50 =<9.00	26	5,679,436	2.38	%	218,440	8.76	%	635	85.61	%	43.71	%	100.00	%	65.21	%	57.04	%	6.36	%	100.00	%
>9.00 =<9.50	2	238,150	0.10	%	119,075	9.43	%	623	82.77	%	44.22	%	100.00	%	100.00	%	100.00	%	0.00	%	100.00	%
>9.50 =<10.00	—	—	0.00	%
>10.00 =<10.50	—	—	0.00	%
>10.50 =<11.00	1	30,600	0.01	%	30,600	10.88	%	624	100.00	%	31.08	%	100.00	%	100.00	%	100.00	%	0.00	%	100.00	%
>11.00 =<11.50	—	—	0.00	%
>11.50 =<12.00	—	—	0.00	%
>12.00 =<12.50	—	—	0.00	%
>12.50 =<13.00	—	—	0.00	%
>13.00	—	—	0.00	%
TOTAL	878	238,287,270	100.00	%	271,398	7.12	%	657	80.77		44.51		99.55		83.27		46.46		33.12		100

MARGIN (WAM) BUCKET

	Deal Size				WA Loan Balance	Weighted Average Collateral Characteristics
Type	# Loans	Balance	%			WAC		FICO	%LTV		% DTI		Primary		SF/PUD		Refi Cachout		Full Doc		Interest only
=> 2.00	—	—	0.00	%
>2.00 =<2.50	—	—	0.00	%
>2.50 =<3.00	—	—	0.00	%
>3.00 =<3.50	1	140,000	0.06	%	140,000	7.00	%	642	80.00	%	34.99	%	100.00	%	100.00	%	100.00	%	100.00	%	100.00	%
>3.50 =<4.00	16	3,601,587	1.57	%	225,099	6.78	%	671	82.87	%	43.74	%	100.00	%	76.89	%	82.97	%	31.95	%	100.00	%
>4.00 =<4.50	5	1,490,250	0.65	%	298,050	6.35	%	665	84.76	%	45.56	%	100.00	%	81.17	%	84.13	%	35.77	%	100.00	%
>4.50 =<5.00	9	2,825,318	1.23	%	313,924	5.96	%	683	78.79	%	44.27	%	100.00	%	100.00	%	48.63	%	100.00	%	100.00	%
>5.00 =<5.50	44	14,633,112	6.36	%	332,571	6.32	%	671	78.78	%	44.64	%	100.00	%	85.58	%	31.68	%	55.17	%	100.00	%
>5.50 =<6.00	105	29,905,669	13.00	%	284,816	6.68	%	665	80.09	%	45.05	%	100.00	%	84.41	%	43.09	%	48.22	%	100.00	%
>6.00 =<6.50	237	67,553,223	29.36	%	285,035	6.92	%	661	80.24	%	45.08	%	99.74	%	89.71	%	44.91	%	38.76	%	100.00	%
>6.50 =<7.00	232	61,549,957	26.75	%	265,302	7.26	%	656	80.91	%	44.00	%	100.00	%	78.07	%	45.86	%	20.90	%	100.00	%
>7.00 =<7.50	121	32,006,977	13.91	%	264,520	7.69	%	641	81.62	%	44.51	%	97.82	%	78.66	%	41.45	%	22.04	%	100.00	%
>7.50 =<8.00	51	11,932,915	5.19	%	233,979	8.13	%	635	84.66	%	44.61	%	98.27	%	72.29	%	47.71	%	6.00	%	100.00	%
>8.00 =<8.50	18	3,792,270	1.65	%	210,682	8.62	%	636	85.65	%	40.88	%	100.00	%	74.10	%	46.60	%	5.34	%	100.00	%
>8.50 =<9.00	4	666,150	0.29	%	166,538	9.09	%	630	80.99	%	47.37	%	100.00	%	69.38	%	35.75	%	0.00	%	100.00	%
>9.00 =<9.50			0.00	%
>9.50 =<10.00			0.00	%
>10.00 =<10.50			0.00	%
TOTAL	843	230,097,426	100.00	%	272,951	7.13	%	657	80.87		44.56		99.53		82.77		44.68		32.23		100

Deal Coverage

Percentage of the deal based on FICO and LTV buckets.*	Loan-to-Value (LTV)
	=<55		>55 =<60		>60 =<65		>65 =<70		>70 =<75		>75 =<80		>80 =<85		>85 =<90		>90 =<95		>95 <100		=>100
FICO
NA	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
=<500	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
>500 =<550	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
>550 =<600	0.06	%	0.09	%	0.00	%	0.16	%	0.23	%	1.36	%	0.63	%	1.42	%	0.22	%	0.18	%	0.00	%
>600 =<625	0.29	%	0.21	%	0.20	%	0.70	%	1.06	%	8.49	%	1.28	%	3.12	%	0.82	%	0.08	%	0.00	%
>625 =<650	0.59	%	0.05	%	0.27	%	0.37	%	1.30	%	22.49	%	0.55	%	1.67	%	1.42	%	0.00	%	0.00	%
>650 =<675	0.35	%	0.25	%	0.16	%	0.09	%	1.22	%	15.61	%	2.09	%	2.52	%	1.44	%	0.00	%	0.00	%
>675 =<700	0.16	%	0.11	%	0.08	%	0.15	%	0.39	%	8.97	%	1.18	%	1.11	%	1.01	%	0.00	%	0.00	%
>700 =<725	0.00	%	0.11	%	0.00	%	0.16	%	0.36	%	4.83	%	0.36	%	0.61	%	0.50	%	0.00	%	0.00	%
>725 =<750	0.07	%	0.00	%	0.00	%	0.00	%	0.00	%	3.18	%	0.35	%	0.32	%	0.00	%	0.00	%	0.00	%
>750 <800	0.00	%	0.00	%	0.00	%	0.00	%	0.21	%	1.95	%	0.00	%	0.47	%	0.07	%	0.00	%	0.00	%
=>800	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.15	%	0.00	%	0.00	%	0.10	%	0.00	%	0.00	%

* This table should be filled out with the percentage of the deal corresponding to each cross LTV and FICO buckets

MI Coverage

Percentage of MI coverage based on FICO and LTV buckets.*	Loan-to-Value (LTV)
	=<55	>55 =<60	>60 =<65	>65 =<70	>70 =<75	>75 =<80	>80 =<85	>85 =<90	>90 =<95	>95 <100	=>100
FICO
NA
=<500
>500 =<550
>550 =<600
>600 =<625						No MI
>625 =<650
>650 =<675
>675 =<700
>700 =<725
>725 =<750
>750 <800
=>800

* This table should be filled out with the percentage of MI corresponding to each cross LTV and FICO buckets