ATTACHMENT B
SCHEDULE OF SUBSEQUENT MORTGAGE LOANS
EXHIBIT 99.1
Unless otherwise noted, all statistical percentages or weighted averages set forth below are measured as a percentage of the aggregate Principal Balance of the Initial Mortgage Loans and Additional Mortgage Loans in the Mortgage Pool as of the related Cut-off Date and the Subsequent Mortgage Loans in the Mortgage Pool as of the Subsequent Cut-off Date and the term Cut-off Date as used in this Exhibit 99.1 means September 1, 2006 or October 1, 2006, as applicable.
Fremont Home Loan Trust 2006-3 (the “Trust”) will consist of a pool of approximately 6,929 residential mortgage loans (the “Mortgage Loans”) with a Cut-off Date Principal Balance of approximately $1,580,935,604.
All of the Mortgage Loans will be secured by first or second mortgages or deeds of trust or other similar security instruments (each, a “Mortgage”). The Mortgages create first and second liens on one- to four-family residential properties consisting of one- to four-family dwelling units, planned unit developments, manufactured homes, row houses and townhouses and individual condominium units (each, a “Mortgaged Property”).
Each Mortgage Loan will accrue interest at the adjustable-rate or fixed-rate calculated as specified under the terms of the related mortgage note (each such rate, a “Mortgage Rate”). Approximately 79.96% of the Mortgage Loans are adjustable-rate mortgage loans (the “Adjustable-Rate Mortgage Loans”) and approximately 20.04% of the Mortgage Loans are fixed-rate mortgage loans (the “Fixed-Rate Mortgage Loans”).
Each Fixed-Rate mortgage loan has a Mortgage Rate that is fixed for the life of such Mortgage Loan.
Generally, the Adjustable-Rate Mortgage Loans accrue interest at a Mortgage Rate that is adjustable following an initial period of two years, three years or five years following origination. Generally, the Adjustable-Rate Mortgage Loans provide for semi-annual adjustment to the Mortgage Rate thereon and for corresponding adjustments to the monthly payment amount due thereon, in each case on each adjustment date applicable thereto (each such date, an “Adjustment Date”); provided, that (i) the first adjustment of the rates for approximately 96.10% of the Adjustable-Rate Mortgage Loans (by aggregate principal balance of the Adjustable-Rate Mortgage Loans as of the Cut-off Date) will not occur until two years after the date of origination, (ii) the first adjustment of the rates for approximately 3.29% of the Adjustable-Rate Mortgage Loans (by aggregate principal balance of the Adjustable Rate Mortgage Loans as of the Cut-off Date), will not occur until three years after the date of origination and (iii) the first adjustment of the rates for approximately 0.61% of the Adjustable Rate Mortgage Loans (by aggregate principal balance of the Adjustable Rate Mortgage Loans as of the Cut-off Date), will not occur until five years after the date of origination (each such Adjustable-Rate Mortgage Loan, a “Delayed First Adjustment Mortgage Loan”). On each Adjustment Date for each Adjustable-Rate Mortgage Loan, the Mortgage Rate thereon will be adjusted to equal the sum, rounded to the nearest or next highest multiple of 0.125% of Six-Month LIBOR or One-Year LIBOR, as applicable, and a fixed percentage amount (the “Gross Margin”). The Mortgage Rate on any Adjustable-Rate Mortgage Loan will not increase or decrease on the first related Adjustment Date by more than a stated percentage (up to 3.000% per annum, as specified in the related mortgage note) on the first related Adjustment Date (the “Initial Periodic Rate Cap”) and will not increase or decrease by more than a stated percentage (up to 1.500% per annum, as specified in the related mortgage note) on any Adjustment Date thereafter (the “Periodic Rate Cap”). The Adjustable-Rate Mortgage Loans have a weighted average Initial Periodic Rate Cap of approximately 2.986% per annum and a weighted average Periodic Rate Cap of approximately 1.500% per annum thereafter. Each Mortgage Rate on each Adjustable-Rate Mortgage Loan will not exceed a specified maximum Mortgage Rate over the life of such Mortgage Loan (the “Maximum Mortgage Rate”) or be less than a specified minimum Mortgage Rate over the life of such Mortgage Loan (the “Minimum Mortgage Rate”). Effective with the first monthly payment due on each Adjustable-Rate Mortgage Loan after each related Adjustment Date, the monthly payment amount will be adjusted to an amount that will amortize fully the outstanding Principal Balance of the related Adjustable-Rate Mortgage Loan over its remaining term, and pay interest at the Mortgage Rate as so adjusted, unless such Mortgage Loan is an interest only Mortgage Loan which is still in its interest only period or a balloon loan. Due to the application of the Initial Periodic Rate Caps, the Periodic Rate Caps and the Maximum Mortgage Rates, the Mortgage Rate on each Adjustable-Rate Mortgage Loan, as adjusted on any related Adjustment Date, may be less than the sum of the Index and the related Gross Margin, rounded as described in this prospectus supplement. None of Mortgage Loans with an adjustable-rate will permit the related mortgagor to convert the adjustable Mortgage Rate thereon to a fixed Mortgage Rate.
Approximately 7.10% of the Mortgage Loans (the “Interest Only Mortgage Loans”), provide that for a period ranging from two to five years after origination, the required monthly payments are limited to accrued interest (each, an “Interest Only Period”). At the end of the Interest Only Period, the monthly payments on each such Mortgage Loan will be recalculated to provide for amortization of the Principal Balance by the maturity date and payment of interest at the then-current Mortgage Rate.
Approximately 60.09% of the Mortgage Loans provide for payment by the mortgagor of a prepayment charge in limited circumstances on certain prepayments. Generally, each such Mortgage Loan provides for payment of a prepayment charge on partial prepayments and prepayments in full made within a stated number of months that is between one and five years from the date of origination of such Mortgage Loan. The amount of the prepayment charge is provided in the related mortgage note and with respect to approximately 85.76% of the Mortgage Loans that have a prepayment charge, the prepayment charge is equal to six months’ interest on any amounts prepaid in excess of 20% of the original Principal Balance of the related Mortgage Loan in any 12 month period. The holders of the Class P Certificates will be entitled to prepayment charges received on the Mortgage Loans, and such amounts will not be available for distribution on the other classes of Certificates. Under certain circumstances, as described in the Pooling Agreement, the Servicer may waive the payment of any otherwise applicable prepayment charge.
The Index. The index with respect to the adjustable-rate Mortgage Loans is the average of interbank offered rates for six-month or one-year U.S. dollar deposits in the London market based on quotations of major banks, and most recently available as of a day specified in the related note as published by the Western Edition of The Wall Street Journal (“Six-Month LIBOR”, “One-Year LIBOR” or the “Index”). If the Index becomes unpublished or is otherwise unavailable, the Servicer will select an alternative index which is based upon comparable information.
Mortgage Loan Statistics
The following statistical information, unless otherwise specified, is based upon percentages of the aggregate Cut-off Date Principal Balance of the Mortgage Loans.
Approximately 39.45% of the Mortgage Loans had loan-to-value ratios at origination in excess of 80% No Mortgage Loan had a loan-to-value ratio at origination in excess of 100% The weighted average loan-to-value ratio of the Mortgage Loans at origination was approximately 81.77% There can be no assurance that the loan-to-value ratio of any Mortgage Loan determined at any time after origination is less than or equal to its original loan-to-value ratio. Additionally, the related Originator’s determination of the value of a Mortgaged Property used in the calculation of the original loan-to-value ratios of the Mortgage Loans may differ from the appraised value of such Mortgaged Property or the actual value of such Mortgaged Property at origination. See “Risk Factors—High Loan-to-Value Ratios Increase Risk of Loss.”
Approximately 100% of the Mortgage Loans have a scheduled payment due each month (the “Due Date”) on the first day of the month. The remainder of the Mortgage Loans have Due Dates throughout each month.
The weighted average remaining term to maturity of the Mortgage Loans was approximately 358 months as of the Cut-off Date. None of the Mortgage Loans had a first Due Date prior to March 2006 or after November 2006 or has a remaining term to maturity of less than 118 months or greater than 360 months as of the Cut-off Date. The latest maturity date of any Mortgage Loan is October 2036.
The average Principal Balance of the Mortgage Loans at origination was approximately $228,266. The average Cut-off Date Principal Balance of the Mortgage Loans was approximately $228,162. No Mortgage Loan had a Cut-off Date Principal Balance of greater than approximately $1,238,390 or less than approximately $14,969.
As of the Cut-off Date, the Mortgage Loans had Mortgage Rates of not less than 5.390% per annum and not more than 14.250% per annum and the weighted average Mortgage Rate of the Mortgage Loans was approximately 8.561% annum. As of the Cut-off Date, the Adjustable-Rate Mortgage Loans had Gross Margins ranging from 2.810% per annum to 6.990% per annum, Minimum Mortgage Rates ranging from 5.390% per annum to 14.250% per annum and Maximum Mortgage Rates ranging from 11.390% per annum to 20.250% per annum. As of the Cut-off Date, the weighted average Gross Margin of the Adjustable-Rate Mortgage Loans was approximately 6.145% per annum, the weighted average Minimum Mortgage Rate of the Adjustable-Rate Mortgage Loans was approximately 8.553% per annum and the weighted average Maximum Mortgage Rate of the Adjustable-Rate Mortgage Loans was approximately 14.554% per annum. The latest next Adjustment Date following the Cut-off Date on any Adjustable-Rate Mortgage Loan occurs in September 2011 and the weighted average time until the next Adjustment Date for all of the Adjustable-Rate Mortgage Loans is approximately 24 months.
The Mortgage Loans are expected to have the following characteristics as of the Cut-off Date (the sum in any column may not equal the total indicated due to rounding).
Cut-off Date Principal Balances of the Mortgage Loans(1)
Principal Balance ($) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
0.01 - 50,000.00 | | | 531 | | $ | 18,677,676.44 | | | 1.18 | % | | 11.386 | % | | 338 | | | 99.04 | % | | 646 | |
50,000.01 - 100,000.00 | | | 1,129 | | | 85,454,633.96 | | | 5.41 | | | 10.275 | | | 358 | | | 89.72 | | | 626 | |
100,000.01 - 150,000.00 | | | 1,085 | | | 136,395,367.37 | | | 8.63 | | | 9.460 | | | 358 | | | 84.20 | | | 615 | |
150,000.01 - 200,000.00 | | | 1,024 | | | 178,833,199.26 | | | 11.31 | | | 8.810 | | | 358 | | | 80.85 | | | 617 | |
200,000.01 - 250,000.00 | | | 742 | | | 166,829,911.40 | | | 10.55 | | | 8.618 | | | 359 | | | 80.23 | | | 611 | |
250,000.01 - 300,000.00 | | | 554 | | | 152,121,370.74 | | | 9.62 | | | 8.528 | | | 359 | | | 80.21 | | | 618 | |
300,000.01 - 350,000.00 | | | 502 | | | 163,043,522.27 | | | 10.31 | | | 8.159 | | | 358 | | | 80.68 | | | 633 | |
350,000.01 - 400,000.00 | | | 369 | | | 138,206,199.00 | | | 8.74 | | | 8.270 | | | 359 | | | 81.16 | | | 627 | |
400,000.01 - 450,000.00 | | | 253 | | | 107,703,057.30 | | | 6.81 | | | 8.357 | | | 358 | | | 81.30 | | | 631 | |
450,000.01 - 500,000.00 | | | 208 | | | 99,122,547.94 | | | 6.27 | | | 8.020 | | | 359 | | | 81.34 | | | 650 | |
500,000.01 - 550,000.00 | | | 178 | | | 93,361,627.27 | | | 5.91 | | | 8.018 | | | 359 | | | 82.27 | | | 649 | |
550,000.01 - 600,000.00 | | | 109 | | | 62,760,099.59 | | | 3.97 | | | 8.116 | | | 359 | | | 82.43 | | | 641 | |
600,000.01 - 650,000.00 | | | 68 | | | 42,760,917.87 | | | 2.70 | | | 7.720 | | | 356 | | | 80.04 | | | 655 | |
650,000.01 - 700,000.00 | | | 50 | | | 33,756,280.70 | | | 2.14 | | | 8.047 | | | 359 | | | 81.17 | | | 651 | |
700,000.01 - 750,000.00 | | | 36 | | | 26,108,263.68 | | | 1.65 | | | 8.312 | | | 359 | | | 80.56 | | | 637 | |
750,000.01 - 800,000.00 | | | 62 | | | 48,589,217.83 | | | 3.07 | | | 8.214 | | | 359 | | | 78.03 | | | 643 | |
800,000.01 - 850,000.00 | | | 11 | | | 9,076,992.24 | | | 0.57 | | | 7.354 | | | 359 | | | 76.49 | | | 656 | |
850,000.01 - 900,000.00 | | | 3 | | | 2,600,677.31 | | | 0.16 | | | 8.120 | | | 359 | | | 81.71 | | | 634 | |
900,000.01 - 950,000.00 | | | 1 | | | 920,000.00 | | | 0.06 | | | 7.100 | | | 359 | | | 80.00 | | | 695 | |
950,000.01 - 1,000,000.00 | | | 9 | | | 8,888,417.57 | | | 0.56 | | | 7.133 | | | 359 | | | 78.06 | | | 680 | |
1,000,000.01+ | | | 5 | | | 5,725,624.34 | | | 0.36 | | | 7.147 | | | 359 | | | 78.56 | | | 679 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The average Cut-off Date Principal Balance of the Mortgage Loans was approximately $228,162. |
Credit Scores for the Mortgage Loans(1)
Credit Score | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
500 - 524 | | | 374 | | $ | 83,680,997.94 | | | 5.29 | % | | 10.225 | % | | 358 | | | 71.11 | % | | 512 | |
525 - 549 | | | 457 | | | 102,944,481.44 | | | 6.51 | | | 9.665 | | | 359 | | | 74.46 | | | 536 | |
550 - 574 | | | 655 | | | 146,590,523.93 | | | 9.27 | | | 9.038 | | | 358 | | | 81.16 | | | 562 | |
575 - 599 | | | 653 | | | 158,060,302.81 | | | 10.00 | | | 8.842 | | | 359 | | | 82.69 | | | 587 | |
600 - 624 | | | 1,276 | | | 256,581,398.74 | | | 16.23 | | | 8.575 | | | 359 | | | 85.00 | | | 611 | |
625 - 649 | | | 1,073 | | | 229,240,868.92 | | | 14.50 | | | 8.401 | | | 358 | | | 83.83 | | | 638 | |
650 - 674 | | | 1,082 | | | 240,867,964.27 | | | 15.24 | | | 8.181 | | | 358 | | | 83.36 | | | 662 | |
675 - 699 | | | 617 | | | 152,286,153.52 | | | 9.63 | | | 8.017 | | | 358 | | | 82.93 | | | 687 | |
700+ | | | 742 | | | 210,682,912.51 | | | 13.33 | | | 7.803 | | | 358 | | | 80.47 | | | 733 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The weighted average credit score of the Mortgage Loans that had credit scores was approximately 629. |
Original Terms to Maturity of the Mortgage Loans(1)
Original Term (months) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
120 | | | 18 | | $ | 792,457.55 | | | 0.05 | % | | 11.295 | % | | 119 | | | 99.56 | % | | 669 | |
180 | | | 93 | | | 4,316,949.89 | | | 0.27 | | | 9.672 | | | 179 | | | 87.40 | | | 626 | |
240 | | | 13 | | | 1,730,167.84 | | | 0.11 | | | 8.335 | | | 239 | | | 75.91 | | | 652 | |
360 | | | 6,805 | | | 1,574,096,028.80 | | | 99.57 | | | 8.557 | | | 359 | | | 81.75 | | | 629 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The weighted average original term to maturity of the Mortgage Loans was approximately 359 months. |
Remaining Terms to Maturity of the Mortgage Loans(1)
State Remaining Term (months) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
61 - 120 | | | 18 | | $ | 792,457.55 | | | 0.05 | % | | 11.295 | % | | 119 | | | 99.56 | % | | 669 | |
121 - 180 | | | 93 | | | 4,316,949.89 | | | 0.27 | | | 9.672 | | | 179 | | | 87.40 | | | 626 | |
181 - 240 | | | 13 | | | 1,730,167.84 | | | 0.11 | | | 8.335 | | | 239 | | | 75.91 | | | 652 | |
301 - 360 | | | 6,805 | | | 1,574,096,028.80 | | | 99.57 | | | 8.557 | | | 359 | | | 81.75 | | | 629 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The weighted average remaining term to maturity of the Mortgage Loans was approximately 358 months. |
Property Types of the Mortgage Loans
Property Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2 Units | | | 542 | | $ | 147,939,553.98 | | | 9.36 | % | | 8.483 | % | | 359 | | | 81.00 | % | | 645 | |
3 Units | | | 35 | | | 12,596,750.00 | | | 0.80 | | | 8.195 | | | 358 | | | 80.00 | | | 670 | |
4 Units | | | 29 | | | 9,207,877.03 | | | 0.58 | | | 8.414 | | | 359 | | | 75.66 | | | 661 | |
Condominium | | | 506 | | | 96,192,865.03 | | | 6.08 | | | 8.763 | | | 358 | | | 82.67 | | | 640 | |
PUD | | | 1 | | | 822,000.00 | | | 0.05 | | | 8.950 | | | 360 | | | 78.29 | | | 588 | |
Single Family | | | 5,816 | | | 1,314,176,558.04 | | | 83.13 | | | 8.559 | | | 358 | | | 81.85 | | | 626 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
Occupancy Status of the Mortgage Loans(1)
Occupancy Status | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Non-owner | | | 457 | | $ | 90,499,295.76 | | | 5.72 | % | | 8.927 | % | | 358 | | | 81.84 | % | | 640 | |
Primary | | | 6,418 | | | 1,475,887,176.79 | | | 93.36 | | | 8.540 | | | 358 | | | 81.83 | | | 629 | |
Second Home | | | 54 | | | 14,549,131.53 | | | 0.92 | | | 8.409 | | | 359 | | | 75.78 | | | 622 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | Occupancy as represented by the mortgagor at the time of origination. |
Purpose of the Mortgage Loans
Loan Purpose | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Cash Out Refinance | | | 3,226 | | $ | 823,865,402.44 | | | 52.11 | % | | 8.531 | % | | 358 | | | 79.43 | % | | 610 | |
Home Improvement | | | 187 | | | 54,339,444.84 | | | 3.44 | | | 8.375 | | | 358 | | | 78.57 | | | 614 | |
Purchase | | | 3,449 | | | 685,814,190.08 | | | 43.38 | | | 8.618 | | | 358 | | | 84.92 | | | 654 | |
Rate/Term Refinance | | | 67 | | | 16,916,566.72 | | | 1.07 | | | 8.313 | | | 359 | | | 78.67 | | | 613 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
Original Loan-to-Value Ratios of the Mortgage Loans(1)(2)
Original LTV (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
0.01 - 49.99 | | | 143 | | $ | 27,714,325.13 | | | 1.75 | % | | 8.404 | % | | 358 | | | 40.98 | % | | 610 | |
50.00 - 54.99 | | | 69 | | | 16,044,664.75 | | | 1.01 | | | 8.499 | | | 356 | | | 52.28 | | | 602 | |
55.00 - 59.99 | | | 100 | | | 25,941,614.65 | | | 1.64 | | | 8.822 | | | 359 | | | 57.63 | | | 587 | |
60.00 - 64.99 | | | 161 | | | 42,250,913.17 | | | 2.67 | | | 8.676 | | | 356 | | | 62.85 | | | 607 | |
65.00 - 69.99 | | | 191 | | | 47,177,077.38 | | | 2.98 | | | 8.804 | | | 359 | | | 66.70 | | | 593 | |
70.00 - 74.99 | | | 282 | | | 75,566,053.29 | | | 4.78 | | | 8.808 | | | 359 | | | 71.94 | | | 588 | |
75.00 - 79.99 | | | 398 | | | 115,476,949.27 | | | 7.30 | | | 8.505 | | | 358 | | | 76.79 | | | 601 | |
80.00 | | | 2,092 | | | 607,051,194.01 | | | 38.40 | | | 8.038 | | | 359 | | | 80.00 | | | 654 | |
80.01 - 84.99 | | | 116 | | | 33,559,454.85 | | | 2.12 | | | 8.231 | | | 359 | | | 83.77 | | | 613 | |
85.00 - 89.99 | | | 599 | | | 156,246,929.37 | | | 9.88 | | | 8.425 | | | 359 | | | 85.97 | | | 607 | |
90.00 - 94.99 | | | 939 | | | 220,183,269.28 | | | 13.93 | | | 8.675 | | | 358 | | | 90.23 | | | 616 | |
95.00 - 99.99 | | | 358 | | | 73,651,270.26 | | | 4.66 | | | 8.880 | | | 357 | | | 95.28 | | | 621 | |
100.00 | | | 1,481 | | | 140,071,888.67 | | | 8.86 | | | 10.498 | | | 355 | | | 100.00 | | | 656 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The weighted average original loan-to-value ratio, with respect to first-lien Mortgage Loans or combined original loan-to-value, with respect to second-lien Mortgage Loans as of the Cut-off Date was approximately 81.77%. |
| (2) | For a description of the determination of loan-to-value ratio by the related Originator see “The Originator” in this prospectus supplement. |
Product Type of the Mortgage Loans
Product Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2/28 6 MO LIBOR | | | 2,422 | | $ | 541,992,055.54 | | | 34.28 | % | | 8.967 | % | | 359 | | | 81.64 | % | | 605 | |
2/28 6 MO LIBOR 40/30 Balloon | | | 1,604 | | | 473,678,843.99 | | | 29.96 | | | 8.385 | | | 359 | | | 80.03 | | | 629 | |
2/28 6 MO LIBOR 50/30 Balloon | | | 290 | | | 93,944,189.29 | | | 5.94 | | | 8.212 | | | 359 | | | 81.33 | | | 631 | |
2/28 6 MO LIBOR IO | | | 315 | | | 105,242,511.09 | | | 6.66 | | | 7.738 | | | 359 | | | 82.51 | | | 648 | |
3/27 6 MO LIBOR | | | 63 | | | 13,400,715.92 | | | 0.85 | | | 8.463 | | | 359 | | | 84.34 | | | 632 | |
3/27 6 MO LIBOR 40/30 Balloon | | | 49 | | | 15,091,663.50 | | | 0.95 | | | 7.876 | | | 359 | | | 80.10 | | | 653 | |
3/27 6 MO LIBOR 50/30 Balloon | | | 22 | | | 8,550,929.83 | | | 0.54 | | | 7.879 | | | 359 | | | 82.87 | | | 655 | |
3/27 6 MO LIBOR IO | | | 17 | | | 4,537,706.00 | | | 0.29 | | | 7.594 | | | 359 | | | 87.93 | | | 662 | |
5/25 6 MO LIBOR | | | 11 | | | 3,390,796.19 | | | 0.21 | | | 8.541 | | | 359 | | | 85.51 | | | 635 | |
5/25 6 MO LIBOR 40/30 Balloon | | | 3 | | | 798,628.52 | | | 0.05 | | | 8.017 | | | 358 | | | 62.27 | | | 665 | |
5/25 6 MO LIBOR 50/30 Balloon | | | 3 | | | 1,007,419.26 | | | 0.06 | | | 7.108 | | | 359 | | | 79.58 | | | 630 | |
5/25 6 MO LIBOR IO | | | 8 | | | 2,462,475.00 | | | 0.16 | | | 7.120 | | | 359 | | | 80.01 | | | 654 | |
Fixed Rate | | | 1,947 | | | 258,203,063.59 | | | 16.33 | | | 8.854 | | | 354 | | | 85.31 | | | 661 | |
Fixed Rate 40/30 Balloon | | | 122 | | | 40,719,515.82 | | | 2.58 | | | 7.455 | | | 359 | | | 80.05 | | | 671 | |
Fixed Rate 50/30 Balloon | | | 53 | | | 17,915,090.54 | | | 1.13 | | | 7.442 | | | 359 | | | 80.74 | | | 658 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
Geographic Distribution of the Mortgaged Properties related to the Mortgage Loans(1)
Geographic Distribution | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Alabama | | | 2 | | $ | 331,500.00 | | | 0.02 | % | | 8.415 | % | | 360 | | | 96.33 | % | | 654 | |
Arizona | | | 155 | | | 29,584,756.16 | | | 1.87 | | | 8.655 | | | 359 | | | 83.48 | | | 622 | |
Arkansas | | | 9 | | | 1,348,600.01 | | | 0.09 | | | 9.087 | | | 359 | | | 92.84 | | | 587 | |
California | | | 1,178 | | | 374,724,195.91 | | | 23.70 | | | 8.261 | | | 358 | | | 79.91 | | | 642 | |
Colorado | | | 87 | | | 14,270,373.72 | | | 0.90 | | | 8.436 | | | 358 | | | 86.73 | | | 622 | |
Connecticut | | | 96 | | | 20,173,729.50 | | | 1.28 | | | 8.697 | | | 359 | | | 82.37 | | | 622 | |
Delaware | | | 19 | | | 2,530,316.53 | | | 0.16 | | | 9.280 | | | 353 | | | 83.71 | | | 588 | |
District of Columbia | | | 43 | | | 11,833,988.20 | | | 0.75 | | | 8.680 | | | 359 | | | 75.07 | | | 611 | |
Florida | | | 1,122 | | | 228,507,832.33 | | | 14.45 | | | 8.705 | | | 359 | | | 81.55 | | | 621 | |
Georgia | | | 286 | | | 43,920,711.12 | | | 2.78 | | | 8.670 | | | 357 | | | 85.81 | | | 623 | |
Hawaii | | | 59 | | | 19,791,456.86 | | | 1.25 | | | 8.170 | | | 359 | | | 76.87 | | | 639 | |
Idaho | | | 28 | | | 4,454,322.88 | | | 0.28 | | | 9.026 | | | 359 | | | 84.08 | | | 592 | |
Illinois | | | 528 | | | 99,194,900.60 | | | 6.27 | | | 8.778 | | | 358 | | | 83.70 | | | 630 | |
Indiana | | | 39 | | | 4,852,026.45 | | | 0.31 | | | 9.172 | | | 358 | | | 87.82 | | | 612 | |
Iowa | | | 4 | | | 607,719.57 | | | 0.04 | | | 9.345 | | | 359 | | | 87.25 | | | 588 | |
Kansas | | | 6 | | | 514,575.42 | | | 0.03 | | | 9.824 | | | 340 | | | 90.15 | | | 622 | |
Kentucky | | | 21 | | | 2,917,861.86 | | | 0.18 | | | 8.417 | | | 348 | | | 85.28 | | | 595 | |
Maine | | | 9 | | | 1,244,644.47 | | | 0.08 | | | 9.519 | | | 356 | | | 88.20 | | | 587 | |
Maryland | | | 500 | | | 123,348,108.42 | | | 7.80 | | | 8.689 | | | 358 | | | 81.67 | | | 617 | |
Massachusetts | | | 253 | | | 65,024,264.90 | | | 4.11 | | | 8.481 | | | 358 | | | 81.02 | | | 623 | |
Michigan | | | 126 | | | 17,177,939.11 | | | 1.09 | | | 9.332 | | | 357 | | | 88.02 | | | 603 | |
Minnesota | | | 91 | | | 15,141,884.60 | | | 0.96 | | | 8.546 | | | 358 | | | 83.08 | | | 629 | |
Missouri | | | 45 | | | 4,113,103.43 | | | 0.26 | | | 9.479 | | | 357 | | | 88.64 | | | 594 | |
Montana | | | 1 | | | 136,776.31 | | | 0.01 | | | 9.700 | | | 359 | | | 90.00 | | | 617 | |
Nebraska | | | 5 | | | 470,011.78 | | | 0.03 | | | 9.069 | | | 359 | | | 87.66 | | | 596 | |
Nevada | | | 85 | | | 19,756,894.35 | | | 1.25 | | | 8.658 | | | 359 | | | 83.06 | | | 632 | |
New Hampshire | | | 19 | | | 4,014,708.86 | | | 0.25 | | | 9.145 | | | 359 | | | 82.36 | | | 592 | |
New Jersey | | | 303 | | | 79,785,150.95 | | | 5.05 | | | 8.825 | | | 358 | | | 82.27 | | | 628 | |
New Mexico | | | 25 | | | 4,145,716.27 | | | 0.26 | | | 9.179 | | | 358 | | | 79.19 | | | 596 | |
New York | | | 580 | | | 180,303,377.30 | | | 11.40 | | | 8.315 | | | 359 | | | 80.74 | | | 648 | |
North Carolina | | | 110 | | | 14,591,647.83 | | | 0.92 | | | 9.079 | | | 357 | | | 85.34 | | | 612 | |
Ohio | | | 75 | | | 8,726,467.04 | | | 0.55 | | | 8.975 | | | 359 | | | 88.32 | | | 613 | |
Oklahoma | | | 5 | | | 439,037.53 | | | 0.03 | | | 9.546 | | | 359 | | | 81.31 | | | 577 | |
Oregon | | | 23 | | | 4,311,997.94 | | | 0.27 | | | 8.672 | | | 358 | | | 79.75 | | | 613 | |
Pennsylvania | | | 162 | | | 20,807,820.15 | | | 1.32 | | | 9.052 | | | 357 | | | 84.42 | | | 611 | |
Rhode Island | | | 46 | | | 9,200,036.03 | | | 0.58 | | | 8.788 | | | 359 | | | 82.77 | | | 631 | |
South Carolina | | | 54 | | | 8,211,470.47 | | | 0.52 | | | 8.884 | | | 358 | | | 86.01 | | | 598 | |
Tennessee | | | 65 | | | 6,751,336.46 | | | 0.43 | | | 9.205 | | | 357 | | | 86.10 | | | 594 | |
Texas | | | 162 | | | 28,019,758.46 | | | 1.77 | | | 8.123 | | | 350 | | | 79.68 | | | 645 | |
Utah | | | 32 | | | 5,346,769.21 | | | 0.34 | | | 8.999 | | | 359 | | | 87.02 | | | 609 | |
Virginia | | | 245 | | | 58,654,801.21 | | | 3.71 | | | 8.739 | | | 359 | | | 82.42 | | | 620 | |
Washington | | | 114 | | | 23,701,339.27 | | | 1.50 | | | 8.591 | | | 359 | | | 83.60 | | | 619 | |
West Virginia | | | 14 | | | 2,578,556.31 | | | 0.16 | | | 8.645 | | | 358 | | | 88.55 | | | 600 | |
Wisconsin | | | 98 | | | 15,373,118.30 | | | 0.97 | | | 8.709 | | | 359 | | | 85.80 | | | 624 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The greatest ZIP Code geographic concentration of Mortgage Loans was approximately 0.32 % in the 20721 ZIP Code. |
Documentation Levels of the Mortgage Loans(1)
Documentation Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Easy Documentation | | | 75 | | $ | 20,329,297.05 | | | 1.29 | % | | 8.646 | % | | 358 | | | 84.50 | % | | 599 | |
Full Documentation | | | 4,341 | | | 934,158,464.54 | | | 59.09 | | | 8.241 | | | 358 | | | 83.21 | | | 622 | |
Stated Documentation | | | 2,513 | | | 626,447,842.49 | | | 39.63 | | | 9.036 | | | 358 | | | 79.53 | | | 640 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | For a description of each Documentation Level, see “The Originator” in this prospectus supplement. |
Current Mortgage Rates of the Mortgage Loans(1)
Current Mortgage Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
5.000 - 5.499 | | | 2 | | $ | 604,000.00 | | | 0.04 | % | | 5.420 | % | | 360 | | | 77.52 | % | | 656 | |
5.500 - 5.999 | | | 62 | | | 23,805,841.51 | | | 1.51 | | | 5.960 | | | 359 | | | 66.89 | | | 711 | |
6.000 - 6.499 | | | 141 | | | 52,666,642.02 | | | 3.33 | | | 6.272 | | | 359 | | | 74.53 | | | 689 | |
6.500 - 6.999 | | | 359 | | | 126,246,846.49 | | | 7.99 | | | 6.797 | | | 358 | | | 78.41 | | | 670 | |
7.000 - 7.499 | | | 411 | | | 126,999,598.20 | | | 8.03 | | | 7.262 | | | 358 | | | 79.95 | | | 655 | |
7.500 - 7.999 | | | 850 | | | 261,273,436.84 | | | 16.53 | | | 7.770 | | | 359 | | | 81.21 | | | 651 | |
8.000 - 8.499 | | | 716 | | | 199,654,944.88 | | | 12.63 | | | 8.263 | | | 359 | | | 82.08 | | | 637 | |
8.500 - 8.999 | | | 1,127 | | | 300,278,162.56 | | | 18.99 | | | 8.760 | | | 358 | | | 83.04 | | | 618 | |
9.000 - 9.499 | | | 649 | | | 149,302,173.92 | | | 9.44 | | | 9.235 | | | 359 | | | 82.89 | | | 601 | |
9.500 - 9.999 | | | 728 | | | 134,634,518.81 | | | 8.52 | | | 9.729 | | | 358 | | | 83.12 | | | 581 | |
10.000 - 10.499 | | | 414 | | | 54,804,832.70 | | | 3.47 | | | 10.222 | | | 357 | | | 85.49 | | | 588 | |
10.500 - 10.999 | | | 403 | | | 54,034,174.49 | | | 3.42 | | | 10.755 | | | 358 | | | 82.41 | | | 585 | |
11.000 - 11.499 | | | 369 | | | 35,383,334.60 | | | 2.24 | | | 11.230 | | | 357 | | | 90.35 | | | 626 | |
11.500 - 11.999 | | | 297 | | | 29,264,008.69 | | | 1.85 | | | 11.713 | | | 356 | | | 86.18 | | | 601 | |
12.000 - 12.499 | | | 262 | | | 21,261,458.50 | | | 1.34 | | | 12.258 | | | 356 | | | 86.62 | | | 595 | |
12.500 - 12.999 | | | 108 | | | 9,122,608.20 | | | 0.58 | | | 12.715 | | | 348 | | | 77.33 | | | 570 | |
13.000 - 13.499 | | | 21 | | | 1,006,913.79 | | | 0.06 | | | 13.175 | | | 342 | | | 97.74 | | | 620 | |
13.500 - 13.999 | | | 9 | | | 332,107.88 | | | 0.02 | | | 13.779 | | | 290 | | | 84.67 | | | 603 | |
14.000 - 14.499 | | | 1 | | | 260,000.00 | | | 0.02 | | | 14.250 | | | 360 | | | 65.00 | | | 520 | |
Total | | | 6,929 | | $ | 1,580,935,604.08 | | | 100.00 | % | | 8.561 | % | | 358 | | | 81.77 | % | | 629 | |
___________________
| (1) | The weighted average current Mortgage Rate of the Mortgage Loans as of the Cut-off Date was approximately 8.561% per annum. |
Gross Margins of the Adjustable-Rate Mortgage Loans(1)
Gross Margin (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2.500 - 2.999 | | | 2 | | $ | 604,000.00 | | | 0.05 | % | | 5.420 | % | | 360 | | | 77.52 | % | | 656 | |
3.000 - 3.499 | | | 11 | | | 3,742,263.90 | | | 0.30 | | | 5.838 | | | 359 | | | 76.03 | | | 656 | |
3.500 - 3.999 | | | 45 | | | 15,466,776.81 | | | 1.22 | | | 6.372 | | | 359 | | | 77.39 | | | 667 | |
4.000 - 4.499 | | | 153 | | | 50,516,699.53 | | | 4.00 | | | 6.799 | | | 359 | | | 80.04 | | | 666 | |
4.500 - 4.999 | | | 295 | | | 93,370,232.15 | | | 7.39 | | | 7.294 | | | 359 | | | 79.98 | | | 653 | |
5.000 - 5.499 | | | 485 | | | 146,391,810.17 | | | 11.58 | | | 7.780 | | | 359 | | | 81.13 | | | 646 | |
5.500 - 5.999 | | | 648 | | | 186,730,480.02 | | | 14.77 | | | 8.396 | | | 359 | | | 81.52 | | | 631 | |
6.000 - 6.499 | | | 718 | | | 193,785,704.13 | | | 15.33 | | | 8.724 | | | 359 | | | 83.32 | | | 621 | |
6.500 - 6.999 | | | 2,450 | | | 573,489,967.42 | | | 45.37 | | | 9.183 | | | 359 | | | 80.66 | | | 601 | |
Total | | | 4,807 | | $ | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | % | | 359 | | | 81.12 | % | | 621 | |
___________________
| (1) | The weighted average Gross Margin of the Adjustable-Rate Mortgage Loans as of the Cut-off Date was approximately 6.145% per annum. |
Month of Next Rate Adjustment for the Adjustable-Rate Mortgage Loans(1)
Month of Next Rate Change | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
February 1, 2008 | | | 1 | | $ | 153,205.72 | | | 0.01 | % | | 7.200 | % | | 353 | | | 80.00 | % | | 637 | |
March 1, 2008 | | | 1 | | | 175,624.65 | | | 0.01 | | | 7.300 | | | 354 | | | 80.00 | | | 711 | |
April 1, 2008 | | | 12 | | | 4,316,967.78 | | | 0.34 | | | 7.983 | | | 355 | | | 79.84 | | | 652 | |
May 1, 2008 | | | 23 | | | 7,811,557.35 | | | 0.62 | | | 8.230 | | | 356 | | | 78.80 | | | 642 | |
June 1, 2008 | | | 189 | | | 50,257,826.30 | | | 3.98 | | | 8.585 | | | 357 | | | 81.51 | | | 625 | |
July 1, 2008 | | | 671 | | | 163,922,113.28 | | | 12.97 | | | 8.721 | | | 358 | | | 81.17 | | | 614 | |
August 1, 2008 | | | 1,692 | | | 437,295,407.54 | | | 34.59 | | | 8.613 | | | 359 | | | 80.79 | | | 617 | |
September 1, 2008 | | | 2,006 | | | 542,085,997.29 | | | 42.88 | | | 8.510 | | | 360 | | | 81.26 | | | 623 | |
October 1, 2008 | | | 36 | | | 8,838,900.00 | | | 0.70 | | | 8.570 | | | 360 | | | 80.76 | | | 604 | |
June 1, 2009 | | | 3 | | | 711,710.74 | | | 0.06 | | | 10.606 | | | 357 | | | 70.08 | | | 533 | |
July 1, 2009 | | | 9 | | | 2,003,494.73 | | | 0.16 | | | 7.832 | | | 358 | | | 81.40 | | | 675 | |
August 1, 2009 | | | 59 | | | 15,235,576.64 | | | 1.21 | | | 8.074 | | | 359 | | | 84.32 | | | 655 | |
September 1, 2009 | | | 70 | | | 21,443,583.14 | | | 1.70 | | | 7.968 | | | 359 | | | 82.03 | | | 644 | |
October 1, 2009 | | | 10 | | | 2,186,650.00 | | | 0.17 | | | 7.774 | | | 360 | | | 86.95 | | | 639 | |
July 1, 2011 | | | 4 | | | 1,548,334.88 | | | 0.12 | | | 8.153 | | | 358 | | | 79.26 | | | 681 | |
August 1, 2011 | | | 8 | | | 1,874,371.32 | | | 0.15 | | | 7.735 | | | 359 | | | 79.06 | | | 649 | |
September 1, 2011 | | | 13 | | | 4,236,612.77 | | | 0.34 | | | 7.774 | | | 359 | | | 81.66 | | | 627 | |
Total | | | 4,807 | | $ | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | % | | 359 | | | 81.12 | % | | 621 | |
___________________
| (1) | The weighted average time until the next Adjustment Date for the Adjustable-Rate Mortgage Loans as of the Cut-off Date was approximately 24 months. |
Maximum Mortgage Rates of the Adjustable-Rate Mortgage Loans(1)
Maximum Interest Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
11.000 - 11.499 | | | 2 | | $ | 604,000.00 | | | 0.05 | % | | 5.420 | % | | 360 | | | 77.52 | % | | 656 | |
11.500 - 11.999 | | | 14 | | | 4,418,338.37 | | | 0.35 | | | 5.829 | | | 359 | | | 76.64 | | | 673 | |
12.000 - 12.499 | | | 52 | | | 18,442,898.43 | | | 1.46 | | | 6.314 | | | 359 | | | 78.82 | | | 676 | |
12.500 - 12.999 | | | 224 | | | 76,447,771.73 | | | 6.05 | | | 6.815 | | | 359 | | | 79.53 | | | 667 | |
13.000 - 13.499 | | | 330 | | | 101,871,048.06 | | | 8.06 | | | 7.257 | | | 359 | | | 80.40 | | | 653 | |
13.500 - 13.999 | | | 731 | | | 226,511,746.33 | | | 17.92 | | | 7.770 | | | 359 | | | 81.06 | | | 650 | |
14.000 - 14.499 | | | 636 | | | 181,152,325.17 | | | 14.33 | | | 8.266 | | | 359 | | | 82.03 | | | 638 | |
14.500 - 14.999 | | | 1,046 | | | 282,516,038.87 | | | 22.35 | | | 8.760 | | | 359 | | | 82.96 | | | 617 | |
15.000 - 15.499 | | | 621 | | | 144,898,032.49 | | | 11.46 | | | 9.232 | | | 359 | | | 82.95 | | | 601 | |
15.500 - 15.999 | | | 566 | | | 118,349,566.97 | | | 9.36 | | | 9.721 | | | 359 | | | 82.00 | | | 574 | |
16.000 - 16.499 | | | 214 | | | 39,369,757.49 | | | 3.11 | | | 10.218 | | | 359 | | | 80.95 | | | 561 | |
16.500 - 16.999 | | | 184 | | | 34,627,088.80 | | | 2.74 | | | 10.704 | | | 359 | | | 74.37 | | | 543 | |
17.000 - 17.499 | | | 56 | | | 10,450,433.91 | | | 0.83 | | | 11.194 | | | 359 | | | 70.59 | | | 531 | |
17.500 - 17.999 | | | 68 | | | 11,830,305.00 | | | 0.94 | | | 11.687 | | | 359 | | | 66.52 | | | 537 | |
18.000 - 18.499 | | | 33 | | | 7,072,568.90 | | | 0.56 | | | 12.230 | | | 359 | | | 60.13 | | | 536 | |
18.500 - 18.999 | | | 27 | | | 5,094,051.29 | | | 0.40 | | | 12.693 | | | 359 | | | 60.86 | | | 529 | |
19.000 - 19.499 | | | 1 | | | 71,983.53 | | | 0.01 | | | 13.000 | | | 359 | | | 80.00 | | | 521 | |
19.500 - 19.999 | | | 1 | | | 109,978.79 | | | 0.01 | | | 13.750 | | | 359 | | | 61.11 | | | 522 | |
20.000 - 20.499 | | | 1 | | | 260,000.00 | | | 0.02 | | | 14.250 | | | 360 | | | 65.00 | | | 520 | |
Total | | | 4,807 | | $ | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | % | | 359 | | | 81.12 | % | | 621 | |
___________________
| (1) | The weighted average Maximum Mortgage Rate of the Adjustable-Rate Mortgage Loans as of the Cut-off Date was approximately 14.554% per annum. |
Minimum Mortgage Rates of the Adjustable-Rate Mortgage Loans(1)
Minimum Interest Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
5.000 - 5.499 | | | 3 | | $ | 964,000.00 | | | 0.08 | % | | 6.402 | % | | 360 | | | 78.44 | % | | 638 | |
5.500 - 5.999 | | | 14 | | | 4,418,338.37 | | | 0.35 | | | 5.829 | | | 359 | | | 76.64 | | | 673 | |
6.000 - 6.499 | | | 52 | | | 18,442,898.43 | | | 1.46 | | | 6.314 | | | 359 | | | 78.82 | | | 676 | |
6.500 - 6.999 | | | 224 | | | 76,447,407.49 | | | 6.05 | | | 6.815 | | | 359 | | | 79.53 | | | 667 | |
7.000 - 7.499 | | | 332 | | | 102,301,503.76 | | | 8.09 | | | 7.258 | | | 359 | | | 80.40 | | | 653 | |
7.500 - 7.999 | | | 728 | | | 225,818,154.87 | | | 17.86 | | | 7.770 | | | 359 | | | 81.05 | | | 650 | |
8.000 - 8.499 | | | 636 | | | 181,055,825.17 | | | 14.32 | | | 8.266 | | | 359 | | | 82.04 | | | 638 | |
8.500 - 8.999 | | | 1,047 | | | 283,123,745.45 | | | 22.40 | | | 8.759 | | | 359 | | | 82.95 | | | 618 | |
9.000 - 9.499 | | | 620 | | | 144,290,325.91 | | | 11.41 | | | 9.235 | | | 359 | | | 82.96 | | | 600 | |
9.500 - 9.999 | | | 566 | | | 118,349,566.97 | | | 9.36 | | | 9.721 | | | 359 | | | 82.00 | | | 574 | |
10.000 - 10.499 | | | 214 | | | 39,369,757.49 | | | 3.11 | | | 10.218 | | | 359 | | | 80.95 | | | 561 | |
10.500 - 10.999 | | | 184 | | | 34,627,088.80 | | | 2.74 | | | 10.704 | | | 359 | | | 74.37 | | | 543 | |
11.000 - 11.499 | | | 57 | | | 10,560,433.91 | | | 0.84 | | | 11.194 | | | 359 | | | 70.49 | | | 531 | |
11.500 - 11.999 | | | 67 | | | 11,720,305.00 | | | 0.93 | | | 11.692 | | | 359 | | | 66.58 | | | 537 | |
12.000 - 12.499 | | | 33 | | | 7,072,568.90 | | | 0.56 | | | 12.230 | | | 359 | | | 60.13 | | | 536 | |
12.500 - 12.999 | | | 27 | | | 5,094,051.29 | | | 0.40 | | | 12.693 | | | 359 | | | 60.86 | | | 529 | |
13.000 - 13.499 | | | 1 | | | 71,983.53 | | | 0.01 | | | 13.000 | | | 359 | | | 80.00 | | | 521 | |
13.500 - 13.999 | | | 1 | | | 109,978.79 | | | 0.01 | | | 13.750 | | | 359 | | | 61.11 | | | 522 | |
14.000 - 14.499 | | | 1 | | | 260,000.00 | | | 0.02 | | | 14.250 | | | 360 | | | 65.00 | | | 520 | |
Total | | | 4,807 | | $ | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | % | | 359 | | | 81.12 | % | | 621 | |
___________________
| (1) | The weighted average Minimum Mortgage Rate of the Adjustable-Rate Mortgage Loans as of the Cut-off Date was approximately 8.553% per annum. |
Initial Periodic Rate Caps of the Adjustable-Rate Mortgage Loans(1)
Initial Period Cap Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2.000 | | | 57 | | $ | 18,301,408.31 | | | 1.45 | % | | 8.283 | % | | 356 | | | 79.82 | % | | 646 | |
3.000 | | | 4,750 | | | 1,245,796,525.82 | | | 98.55 | | | 8.557 | | | 359 | | | 81.14 | | | 621 | |
Total | | | 4,807 | | $ | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | % | | 359 | | | 81.12 | % | | 621 | |
___________________
| (1) | Relates solely to initial rate adjustments. |
Subsequent Periodic Rate Caps of the Adjustable-Rate Mortgage Loans(1)
Subsequent Period Cap Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
1.500 | | | 4,807 | | | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | | | 359 | | | 81.12 | | | 621 | |
Total | | | 4,807 | | | 1,264,097,934.13 | | | 100.00 | % | | 8.553 | | | 359 | | | 81.12 | | | 621 | |
___________________
| (1) | Relates to all rate adjustments subsequent to initial rate adjustments. |
Cut-off Date Principal Balances of the Group I Mortgage Loans(1)
Principal Balance ($) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
0.01 - 50,000.00 | | | 238 | | $ | 8,047,646.42 | | | 1.23 | % | | 11.3095 | | | 337 | | | 99.37 | % | | 643 | |
50,000.01 - 100,000.00 | | | 446 | | | 34,053,613.08 | | | 5.20 | | | 9.699 | | | 357 | | | 84.11 | | | 610 | |
100,000.01 - 150,000.00 | | | 593 | | | 75,317,838.16 | | | 11.50 | | | 8.976 | | | 358 | | | 79.76 | | | 600 | |
150,000.01 - 200,000.00 | | | 635 | | | 110,447,374.64 | | | 16.86 | | | 8.768 | | | 358 | | | 78.41 | | | 604 | |
200,000.01 - 250,000.00 | | | 479 | | | 107,910,343.73 | | | 16.47 | | | 8.652 | | | 358 | | | 78.79 | | | 602 | |
250,000.01 - 300,000.00 | | | 328 | | | 90,268,645.30 | | | 13.78 | | | 8.637 | | | 359 | | | 78.37 | | | 602 | |
300,000.01 - 350,000.00 | | | 291 | | | 94,492,338.11 | | | 14.42 | | | 8.220 | | | 358 | | | 79.28 | | | 619 | |
350,000.01 - 400,000.00 | | | 215 | | | 80,628,608.63 | | | 12.31 | | | 8.278 | | | 358 | | | 79.74 | | | 613 | |
400,000.01 - 450,000.00 | | | 82 | | | 34,264,751.79 | | | 5.23 | | | 8.382 | | | 357 | | | 79.76 | | | 620 | |
450,000.01 - 500,000.00 | | | 21 | | | 10,077,921.38 | | | 1.54 | | | 7.585 | | | 359 | | | 79.93 | | | 675 | |
500,000.01 - 550,000.00 | | | 15 | | | 7,809,488.07 | | | 1.19 | | | 7.809 | | | 359 | | | 81.22 | | | 648 | |
550,000.01 - 600,000.00 | | | 1 | | | 560,000.00 | | | 0.09 | | | 6.150 | | | 360 | | | 74.17 | | | 796 | |
600,000.01 - 650,000.00 | | | 2 | | | 1,245,500.01 | | | 0.19 | | | 7.873 | | | 359 | | | 76.39 | | | 732 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The average Cut-off Date Principal Balance of the Group I Mortgage Loans was approximately $195,793.21 |
Credit Scores for the Group I Mortgage Loans(1)
Credit Score | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
500 - 524 | | | 274 | | $ | 54,584,927.88 | | | 8.33 | % | | 10.220 | % | | 357 | | | 70.37 | % | | 513 | |
525 - 549 | | | 323 | | | 68,392,968.02 | | | 10.44 | | | 9.666 | | | 359 | | | 73.19 | | | 535 | |
550 - 574 | | | 429 | | | 85,289,196.93 | | | 13.02 | | | 9.019 | | | 359 | | | 79.20 | | | 562 | |
575 - 599 | | | 406 | | | 82,141,408.37 | | | 12.54 | | | 8.832 | | | 359 | | | 80.85 | | | 586 | |
600 - 624 | | | 586 | | | 106,872,886.86 | | | 16.31 | | | 8.540 | | | 358 | | | 84.02 | | | 612 | |
625 - 649 | | | 467 | | | 85,422,328.28 | | | 13.04 | | | 8.234 | | | 357 | | | 82.55 | | | 637 | |
650 - 674 | | | 422 | | | 76,634,689.82 | | | 11.70 | | | 7.921 | | | 357 | | | 82.16 | | | 661 | |
675 - 699 | | | 191 | | | 38,929,389.17 | | | 5.94 | | | 7.759 | | | 356 | | | 80.73 | | | 687 | |
700+ | | | 248 | | | 56,856,273.99 | | | 8.68 | | | 7.427 | | | 358 | | | 77.82 | | | 735 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The weighted average credit score of the Group I Mortgage Loans that had credit scores was approximately 610. |
Original Terms to Maturity of the Group I Mortgage Loans(1)
Original Term (months) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
120 | | | 10 | | $ | 293,609.77 | | | 0.04 | % | | 11.328 | % | | 119 | | | 99.53 | % | | 644 | |
180 | | | 43 | | | 2,528,326.94 | | | 0.39 | | | 9.214 | | | 179 | | | 88.51 | | | 628 | |
240 | | | 7 | | | 1,372,462.63 | | | 0.21 | | | 7.683 | | | 239 | | | 72.04 | | | 665 | |
360 | | | 3,286 | | | 650,929,669.98 | | | 99.36 | | | 8.640 | | | 359 | | | 79.56 | | | 610 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The weighted average original term to maturity of the Group I Mortgage Loans was approximately 359 months. |
Remaining Terms to Maturity of the Group I Mortgage Loans(1)
State Remaining Term (months) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
61 - 120 | | | 10 | | $ | 293,609.77 | | | 0.04 | % | | 11.328 | % | | 119 | | | 99.53 | % | | 644 | |
121 - 180 | | | 43 | | | 2,528,326.94 | | | 0.39 | | | 9.214 | | | 179 | | | 88.51 | | | 628 | |
181 - 240 | | | 7 | | | 1,372,462.63 | | | 0.21 | | | 7.683 | | | 239 | | | 72.04 | | | 665 | |
301 - 360 | | | 3,286 | | | 650,929,669.98 | | | 99.36 | | | 8.640 | | | 359 | | | 79.56 | | | 610 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The weighted average remaining term to maturity of the Group I Mortgage Loans was approximately 358 months. |
Property Types of the Group I Mortgage Loans
Property Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2 Units | | | 280 | | $ | 75,601,432.26 | | | 11.54 | % | | 8.463 | % | | 358 | | | 78.19 | % | | 627 | |
3 Units | | | 16 | | | 6,239,477.23 | | | 0.95 | | | 8.122 | | | 359 | | | 74.00 | | | 656 | |
4 Units | | | 18 | | | 5,868,254.13 | | | 0.90 | | | 8.542 | | | 359 | | | 71.52 | | | 655 | |
Condominium | | | 227 | | | 38,815,277.93 | | | 5.92 | | | 8.765 | | | 358 | | | 81.18 | | | 624 | |
Single Family | | | 2,805 | | | 528,599,627.77 | | | 80.69 | | | 8.665 | | | 358 | | | 79.82 | | | 605 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
Occupancy Status of the Group I Mortgage Loans(1)
Occupancy Status | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Non-owner | | | 301 | | $ | 61,727,439.33 | | | 9.42 | % | | 8.905 | % | | 358 | | | 81.60 | % | | 637 | |
Primary | | | 3,003 | | | 583,391,792.79 | | | 89.05 | | | 8.611 | | | 358 | | | 79.50 | | | 607 | |
Second Home | | | 42 | | | 10,004,837.20 | | | 1.53 | | | 8.780 | | | 359 | | | 72.43 | | | 603 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | Occupancy as represented by the mortgagor at the time of origination. |
Purpose of the Group I Mortgage Loans
Loan Purpose | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Cash Out Refinance | | | 2,272 | | $ | 499,175,064.60 | | | 76.20 | % | | 8.620 | % | | 358 | | | 78.42 | % | | 604 | |
Home Improvement | | | 125 | | | 30,780,187.52 | | | 4.70 | | | 8.401 | | | 357 | | | 75.58 | | | 600 | |
Purchase | | | 904 | | | 117,057,517.68 | | | 17.87 | | | 8.793 | | �� | 357 | | | 85.77 | | | 638 | |
Rate/Term Refinance | | | 45 | | | 8,111,299.52 | | | 1.24 | | | 8.664 | | | 359 | | | 77.17 | | | 604 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
Original Loan-to-Value Ratios of the Group I Mortgage Loans(1)(2)
Original LTV (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
0.01 - 49.99 | | | 111 | | $ | 20,071,528.96 | | | 3.06 | % | | 8.542 | % | | 357 | | | 40.49 | % | | 604 | |
50.00 - 54.99 | | | 54 | | | 10,625,985.90 | | | 1.62 | | | 8.758 | | | 355 | | | 52.45 | | | 590 | |
55.00 - 59.99 | | | 75 | | | 17,891,522.62 | | | 2.73 | | | 8.856 | | | 359 | | | 57.52 | | | 586 | |
60.00 - 64.99 | | | 116 | | | 26,350,503.45 | | | 4.02 | | | 9.009 | | | 359 | | | 62.51 | | | 595 | |
65.00 - 69.99 | | | 141 | | | 30,324,925.42 | | | 4.63 | | | 8.935 | | | 359 | | | 66.87 | | | 578 | |
70.00 - 74.99 | | | 207 | | | 50,582,826.82 | | | 7.72 | | | 8.836 | | | 359 | | | 71.75 | | | 586 | |
75.00 - 79.99 | | | 285 | | | 67,842,919.53 | | | 10.36 | | | 8.744 | | | 358 | | | 76.54 | | | 592 | |
80.00 | | | 813 | | | 169,705,701.18 | | | 25.90 | | | 8.257 | | | 358 | | | 80.00 | | | 629 | |
80.01 - 84.99 | | | 74 | | | 17,845,446.35 | | | 2.72 | | | 8.245 | | | 359 | | | 83.66 | | | 605 | |
85.00 - 89.99 | | | 339 | | | 73,491,365.75 | | | 11.22 | | | 8.441 | | | 359 | | | 86.10 | | | 605 | |
90.00 - 94.99 | | | 542 | | | 107,580,906.76 | | | 16.42 | | | 8.714 | | | 358 | | | 90.25 | | | 611 | |
95.00 - 99.99 | | | 160 | | | 30,207,660.96 | | | 4.61 | | | 8.619 | | | 358 | | | 95.24 | | | 625 | |
100.00 | | | 429 | | | 32,602,775.62 | | | 4.98 | | | 9.909 | | | 351 | | | 100.00 | | | 649 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The weighted average original loan-to-value ratio, with respect to first-lien Mortgage Loans or combined original loan-to-value, with respect to second-lien Mortgage Loans as of the Cut-off Date was approximately 79.59% |
| (2) | For a description of the determination of loan-to-value ratio by the related Originator see “The Originator” in this prospectus supplement. |
Product Type of the Group I Mortgage Loans
Product Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2/28 6 MO LIBOR | | | 1,351 | | | 254,997,670.29 | | | 38.92 | % | | 9.182 | % | | 359 | | | 79.73 | % | | 587 | |
2/28 6 MO LIBOR 40/30 Balloon | | | 884 | | | 207,325,541.65 | | | 31.65 | | | 8.489 | | | 359 | | | 78.70 | | | 606 | |
2/28 6 MO LIBOR 50/30 Balloon | | | 149 | | | 35,692,081.42 | | | 5.45 | | | 8.403 | | | 359 | | | 79.67 | | | 610 | |
2/28 6 MO LIBOR IO | | | 41 | | | 9,561,949.31 | | | 1.46 | | | 7.603 | | | 359 | | | 84.16 | | | 664 | |
3/27 6 MO LIBOR | | | 36 | | | 6,863,420.67 | | | 1.05 | | | 8.565 | | | 359 | | | 83.72 | | | 627 | |
3/27 6 MO LIBOR 40/30 Balloon | | | 30 | | | 6,789,264.01 | | | 1.04 | | | 8.148 | | | 359 | | | 79.59 | | | 631 | |
3/27 6 MO LIBOR 50/30 Balloon | | | 13 | | | 3,610,413.08 | | | 0.55 | | | 8.327 | | | 359 | | | 83.96 | | | 627 | |
3/27 6 MO LIBOR IO | | | 4 | | | 669,000.00 | | | 0.10 | | | 7.494 | | | 359 | | | 87.12 | | | 670 | |
5/25 6 MO LIBOR | | | 6 | | | 1,360,209.88 | | | 0.21 | | | 8.359 | | | 359 | | | 89.26 | | | 654 | |
5/25 6 MO LIBOR 40/30 Balloon | | | 2 | | | 313,941.27 | | | 0.05 | | | 8.660 | | | 359 | | | 55.84 | | | 648 | |
5/25 6 MO LIBOR 50/30 Balloon | | | 2 | | | 735,872.93 | | | 0.11 | | | 7.221 | | | 359 | | | 79.43 | | | 619 | |
5/25 6 MO LIBOR IO | | | 3 | | | 407,875.00 | | | 0.06 | | | 7.643 | | | 359 | | | 81.22 | | | 673 | |
Fixed Rate | | | 715 | | | 96,033,989.28 | | | 14.66 | | | 8.164 | | | 352 | | | 79.69 | | | 651 | |
Fixed Rate 40/30 Balloon | | | 79 | | | 22,014,941.54 | | | 3.36 | | | 7.501 | | | 359 | | | 80.45 | | | 672 | |
Fixed Rate 50/30 Balloon | | | 31 | | | 8,747,898.99 | | | 1.34 | | | 7.583 | | | 359 | | | 81.24 | | | 661 | |
Total | | | 3,346 | | | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
Geographic Distribution of the Mortgaged Properties related to the Group I Mortgage Loans(1)
Geographic Distribution | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Alabama | | | 2 | | $ | 331,500.00 | | | 0.05 | % | | 8.415 | % | | 360 | | | 96.33 | % | | 654 | |
Arizona | | | 77 | | | 13,941,616.57 | | | 2.13 | | | 8.649 | | | 359 | | | 82.38 | | | 610 | |
Arkansas | | | 2 | | | 212,408.80 | | | 0.03 | | | 10.156 | | | 359 | | | 93.01 | | | 580 | |
California | | | 379 | | | 104,118,831.54 | | | 15.89 | | | 8.314 | | | 358 | | | 73.80 | | | 612 | |
Colorado | | | 50 | | | 6,745,852.37 | | | 1.03 | | | 8.480 | | | 357 | | | 86.85 | | | 626 | |
Connecticut | | | 62 | | | 11,266,423.08 | | | 1.72 | | | 8.854 | | | 359 | | | 79.71 | | | 607 | |
Delaware | | | 9 | | | 1,266,441.43 | | | 0.19 | | | 9.083 | | | 359 | | | 81.91 | | | 578 | |
District of Columbia | | | 28 | | | 6,416,197.30 | | | 0.98 | | | 8.490 | | | 359 | | | 72.65 | | | 599 | |
Florida | | | 448 | | | 87,405,086.53 | | | 13.34 | | | 8.800 | | | 359 | | | 79.06 | | | 596 | |
Georgia | | | 168 | | | 22,487,619.29 | | | 3.43 | | | 8.864 | | | 355 | | | 85.58 | | | 605 | |
Hawaii | | | 30 | | | 10,295,417.24 | | | 1.57 | | | 8.012 | | | 359 | | | 72.22 | | | 623 | |
Idaho | | | 20 | | | 3,261,188.48 | | | 0.50 | | | 8.771 | | | 359 | | | 84.38 | | | 601 | |
Illinois | | | 324 | | | 55,279,361.17 | | | 8.44 | | | 8.678 | | | 359 | | | 82.26 | | | 619 | |
Indiana | | | 25 | | | 2,429,354.85 | | | 0.37 | | | 9.359 | | | 359 | | | 85.71 | | | 593 | |
Iowa | | | 4 | | | 607,719.57 | | | 0.09 | | | 9.345 | | | 359 | | | 87.25 | | | 588 | |
Kansas | | | 4 | | | 302,600.82 | | | 0.05 | | | 9.759 | | | 326 | | | 93.49 | | | 591 | |
Kentucky | | | 13 | | | 1,603,760.83 | | | 0.24 | | | 8.902 | | | 340 | | | 89.08 | | | 584 | |
Maine | | | 5 | | | 810,936.81 | | | 0.12 | | | 9.320 | | | 359 | | | 91.93 | | | 595 | |
Maryland | | | 275 | | | 57,003,339.22 | | | 8.70 | | | 8.805 | | | 357 | | | 80.55 | | | 602 | |
Massachusetts | | | 170 | | | 39,878,143.95 | | | 6.09 | | | 8.517 | | | 359 | | | 80.40 | | | 622 | |
Michigan | | | 70 | | | 8,258,484.91 | | | 1.26 | | | 9.396 | | | 358 | | | 87.52 | | | 595 | |
Minnesota | | | 68 | | | 10,131,627.29 | | | 1.55 | | | 8.743 | | | 358 | | | 83.93 | | | 629 | |
Missouri | | | 28 | | | 2,650,619.60 | | | 0.40 | | | 9.357 | | | 358 | | | 89.18 | | | 596 | |
Montana | | | 1 | | | 136,776.31 | | | 0.02 | | | 9.700 | | | 359 | | | 90.00 | | | 617 | |
Nebraska | | | 4 | | | 349,466.29 | | | 0.05 | | | 8.783 | | | 359 | | | 86.86 | | | 607 | |
Nevada | | | 33 | | | 6,386,082.63 | | | 0.97 | | | 8.688 | | | 359 | | | 78.59 | | | 605 | |
New Hampshire | | | 9 | | | 1,519,689.79 | | | 0.23 | | | 9.472 | | | 359 | | | 78.61 | | | 556 | |
New Jersey | | | 149 | | | 34,936,819.40 | | | 5.33 | | | 8.991 | | | 359 | | | 79.25 | | | 600 | |
New Mexico | | | 18 | | | 2,367,787.16 | | | 0.36 | | | 8.892 | | | 359 | | | 82.92 | | | 612 | |
New York | | | 226 | | | 65,666,298.68 | | | 10.02 | | | 8.273 | | | 358 | | | 76.59 | | | 624 | |
North Carolina | | | 65 | | | 8,504,246.55 | | | 1.30 | | | 8.930 | | | 357 | | | 84.51 | | | 609 | |
Ohio | | | 38 | | | 3,786,266.37 | | | 0.58 | | | 9.031 | | | 359 | | | 87.23 | | | 608 | |
Oklahoma | | | 4 | | | 387,054.90 | | | 0.06 | | | 9.310 | | | 359 | | | 81.49 | | | 581 | |
Oregon | | | 15 | | | 2,853,743.69 | | | 0.44 | | | 8.426 | | | 359 | | | 80.39 | | | 626 | |
Pennsylvania | | | 88 | | | 10,852,143.00 | | | 1.66 | | | 8.923 | | | 357 | | | 86.38 | | | 617 | |
Rhode Island | | | 33 | | | 6,496,401.59 | | | 0.99 | | | 8.576 | | | 359 | | | 81.66 | | | 628 | |
South Carolina | | | 31 | | | 3,936,471.82 | | | 0.60 | | | 8.896 | | | 359 | | | 84.33 | | | 596 | |
Tennessee | | | 27 | | | 2,832,781.09 | | | 0.43 | | | 8.766 | | | 354 | | | 84.56 | | | 599 | |
Texas | | | 84 | | | 12,089,189.78 | | | 1.85 | | | 8.059 | | | 349 | | | 79.02 | | | 635 | |
Utah | | | 22 | | | 3,244,398.30 | | | 0.50 | | | 9.039 | | | 359 | | | 86.11 | | | 595 | |
Virginia | | | 108 | | | 22,101,936.34 | | | 3.37 | | | 8.913 | | | 359 | | | 79.38 | | | 596 | |
Washington | | | 57 | | | 9,745,754.22 | | | 1.49 | | | 8.658 | | | 359 | | | 83.55 | | | 614 | |
West Virginia | | | 9 | | | 1,586,777.88 | | | 0.24 | | | 9.138 | | | 359 | | | 87.64 | | | 585 | |
Wisconsin | | | 64 | | | 8,639,451.88 | | | 1.32 | | | 8.848 | | | 358 | | | 85.23 | | | 621 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The greatest ZIP Code geographic concentration of Group I Mortgage Loans was approximately 0.56 % in the 20743 ZIP Code. |
Documentation Levels of the Group I Mortgage Loans(1)
Documentation Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Easy Documentation | | | 31 | | $ | 7,090,408.60 | | | 1.08 | % | | 8.567 | % | | 359 | | | 79.08 | % | | 588 | |
Full Documentation | | | 2,243 | | | 417,742,954.05 | | | 63.77 | | | 8.338 | | | 358 | | | 81.87 | | | 611 | |
Stated Documentation | | | 1,072 | | | 230,290,706.67 | | | 35.15 | | | 9.194 | | | 358 | | | 75.46 | | | 608 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | For a description of each Documentation Level, see “The Originator” in this prospectus supplement. |
Current Mortgage Rates of the Group I Mortgage Loans(1)
Current Mortgage Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
5.000 - 5.499 | | | 1 | | $ | 300,000.00 | | | 0.05 | % | | 5.450 | % | | 360 | | | 75.00 | % | | 641 | |
5.500 - 5.999 | | | 31 | | | 7,742,078.35 | | | 1.18 | | | 5.918 | | | 359 | | | 63.40 | | | 691 | |
6.000 - 6.499 | | | 71 | | | 20,580,334.33 | | | 3.14 | | | 6.265 | | | 359 | | | 71.46 | | | 698 | |
6.500 - 6.999 | | | 181 | | | 49,244,736.84 | | | 7.52 | | | 6.796 | | | 356 | | | 75.53 | | | 666 | |
7.000 - 7.499 | | | 191 | | | 45,597,039.83 | | | 6.96 | | | 7.268 | | | 358 | | | 78.79 | | | 646 | |
7.500 - 7.999 | | | 397 | | | 94,713,360.35 | | | 14.46 | | | 7.765 | | | 358 | | | 80.50 | | | 636 | |
8.000 - 8.499 | | | 361 | | | 78,412,659.46 | | | 11.97 | | | 8.262 | | | 359 | | | 82.35 | | | 620 | |
8.500 - 8.999 | | | 638 | | | 135,139,627.10 | | | 20.63 | | | 8.767 | | | 358 | | | 82.56 | | | 601 | |
9.000 - 9.499 | | | 371 | | | 69,492,392.58 | | | 10.61 | | | 9.258 | | | 359 | | | 81.15 | | | 584 | |
9.500 - 9.999 | | | 395 | | | 69,938,606.79 | | | 10.68 | | | 9.728 | | | 358 | | | 80.06 | | | 570 | |
10.000 - 10.499 | | | 190 | | | 24,069,255.70 | | | 3.67 | | | 10.225 | | | 357 | | | 80.17 | | | 567 | |
10.500 - 10.999 | | | 158 | | | 24,390,390.28 | | | 3.72 | | | 10.724 | | | 358 | | | 74.84 | | | 549 | |
11.000 - 11.499 | | | 110 | | | 10,686,991.47 | | | 1.63 | | | 11.216 | | | 356 | | | 77.75 | | | 563 | |
11.500 - 11.999 | | | 111 | | | 12,569,553.57 | | | 1.92 | | | 11.698 | | | 356 | | | 71.67 | | | 555 | |
12.000 - 12.499 | | | 93 | | | 7,435,515.64 | | | 1.13 | | | 12.264 | | | 352 | | | 74.30 | | | 567 | |
12.500 - 12.999 | | | 47 | | | 4,811,527.03 | | | 0.73 | | | 12.689 | | | 354 | | | 67.71 | | | 547 | |
Total | | | 3,346 | | $ | 655,124,069.32 | | | 100.00 | % | | 8.641 | % | | 358 | | | 79.59 | % | | 610 | |
___________________
| (1) | The weighted average current Mortgage Rate of the Group I Mortgage Loans as of the Cut-off Date was approximately 8.641% per annum. |
Gross Margins of the Adjustable-Rate Group I Mortgage Loans(1)
Gross Margin (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2.500 - 2.999 | | | 1 | | $ | 300,000.00 | | | 0.06 | % | | 5.450 | % | | 360 | | | 75.00 | % | | 641 | |
3.000 - 3.499 | | | 8 | | | 1,886,609.18 | | | 0.36 | | | 5.709 | | | 359 | | | 72.12 | | | 660 | |
3.500 - 3.999 | | | 21 | | | 5,196,041.64 | | | 0.98 | | | 6.453 | | | 360 | | | 71.21 | | | 652 | |
4.000 - 4.499 | | | 65 | | | 16,319,852.75 | | | 3.09 | | | 6.770 | | | 359 | | | 77.60 | | | 666 | |
4.500 - 4.999 | | | 139 | | | 33,863,990.91 | | | 6.41 | | | 7.390 | | | 359 | | | 77.59 | | | 640 | |
5.000 - 5.499 | | | 216 | | | 48,423,488.93 | | | 9.17 | | | 7.870 | | | 359 | | | 80.28 | | | 625 | |
5.500 - 5.999 | | | 337 | | | 73,415,552.08 | | | 13.90 | | | 8.534 | | | 359 | | | 80.98 | | | 607 | |
6.000 - 6.499 | | | 399 | | | 85,467,532.55 | | | 16.18 | | | 8.755 | | | 359 | | | 82.30 | | | 598 | |
6.500 - 6.999 | | | 1,335 | | | 263,454,171.47 | | | 49.87 | | | 9.425 | | | 359 | | | 78.63 | | | 581 | |
Total | | | 2,521 | | $ | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
___________________
| (1) | The weighted average Gross Margin of the Adjustable-Rate Group I Mortgage Loans as of the Cut-off Date was approximately 6.236% per annum. |
Month of Next Rate Adjustment for the Adjustable-Rate Group I Mortgage Loans(1)
Month of Next Rate Change | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
February 1, 2008 | | | 1 | | $ | 153,205.72 | | | 0.03 | % | | 7.200 | % | | 353 | | | 80.00 | % | | 637 | |
March 1, 2008 | | | 1 | | | 175,624.65 | | | 0.03 | | | 7.300 | | | 354 | | | 80.00 | | | 711 | |
April 1, 2008 | | | 5 | | | 1,048,874.20 | | | 0.20 | | | 7.820 | | | 355 | | | 80.98 | | | 605 | |
May 1, 2008 | | | 11 | | | 2,705,778.13 | | | 0.51 | | | 7.739 | | | 356 | | | 79.43 | | | 686 | |
June 1, 2008 | | | 89 | | | 18,539,508.36 | | | 3.51 | | | 8.814 | | | 357 | | | 78.74 | | | 596 | |
July 1, 2008 | | | 366 | | | 74,856,131.79 | | | 14.17 | | | 8.913 | | | 358 | | | 79.90 | | | 590 | |
August 1, 2008 | | | 858 | | | 176,374,928.70 | | | 33.38 | | | 8.842 | | | 359 | | | 79.19 | | | 595 | |
September 1, 2008 | | | 1,074 | | | 228,909,333.12 | | | 43.33 | | | 8.779 | | | 360 | | | 79.44 | | | 601 | |
October 1, 2008 | | | 20 | | | 4,813,858.00 | | | 0.91 | | | 8.840 | | | 360 | | | 78.52 | | | 594 | |
June 1, 2009 | | | 3 | | | 711,710.74 | | | 0.13 | | | 10.606 | | | 357 | | | 70.08 | | | 533 | |
July 1, 2009 | | | 3 | | | 526,516.26 | | | 0.10 | | | 7.777 | | | 358 | | | 85.78 | | | 642 | |
August 1, 2009 | | | 31 | | | 6,275,985.56 | | | 1.19 | | | 8.442 | | | 359 | | | 83.10 | | | 637 | |
September 1, 2009 | | | 37 | | | 8,535,235.20 | | | 1.62 | | | 8.107 | | | 359 | | | 81.31 | | | 631 | |
October 1, 2009 | | | 9 | | | 1,882,650.00 | | | 0.36 | | | 8.159 | | | 360 | | | 88.07 | | | 634 | |
July 1, 2011 | | | 2 | | | 550,297.01 | | | 0.10 | | | 7.989 | | | 358 | | | 89.87 | | | 652 | |
August 1, 2011 | | | 5 | | | 987,560.56 | | | 0.19 | | | 8.515 | | | 359 | | | 77.44 | | | 637 | |
September 1, 2011 | | | 6 | | | 1,280,041.51 | | | 0.24 | | | 7.590 | | | 359 | | | 81.71 | | | 653 | |
Total | | | 2,521 | | $ | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
___________________
| (1) | The weighted average time until the next Adjustment Date for the Adjustable-Rate Group I Mortgage Loans as of the Cut-off Date was approximately 24 months. |
Maximum Mortgage Rates of the Adjustable-Rate Group I Mortgage Loans(1)
Maximum Interest Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
11.000 - 11.499 | | | 1 | | $ | 300,000.00 | | | 0.06 | % | | 5.450 | % | | 360 | | | 75.00 | % | | 641 | |
11.500 - 11.999 | | | 10 | | | 2,242,513.49 | | | 0.42 | | | 5.740 | | | 359 | | | 73.37 | | | 666 | |
12.000 - 12.499 | | | 23 | | | 6,312,595.49 | | | 1.19 | | | 6.339 | | | 359 | | | 76.08 | | | 670 | |
12.500 - 12.999 | | | 95 | | | 24,855,696.71 | | | 4.70 | | | 6.808 | | | 359 | | | 76.15 | | | 663 | |
13.000 - 13.499 | | | 141 | | | 33,377,283.94 | | | 6.32 | | | 7.268 | | | 359 | | | 78.91 | | | 642 | |
13.500 - 13.999 | | | 306 | | | 72,993,539.52 | | | 13.82 | | | 7.767 | | | 359 | | | 80.33 | | | 630 | |
14.000 - 14.499 | | | 310 | | | 67,810,550.58 | | | 12.83 | | | 8.267 | | | 359 | | | 82.14 | | | 616 | |
14.500 - 14.999 | | | 580 | | | 123,879,094.51 | | | 23.45 | | | 8.769 | | | 359 | | | 82.35 | | | 599 | |
15.000 - 15.499 | | | 351 | | | 66,499,216.70 | | | 12.59 | | | 9.257 | | | 359 | | | 81.18 | | | 583 | |
15.500 - 15.999 | | | 329 | | | 62,415,920.45 | | | 11.81 | | | 9.726 | | | 359 | | | 79.66 | | | 567 | |
16.000 - 16.499 | | | 124 | | | 20,953,110.37 | | | 3.97 | | | 10.228 | | | 359 | | | 77.79 | | | 554 | |
16.500 - 16.999 | | | 110 | | | 20,622,008.53 | | | 3.90 | | | 10.711 | | | 359 | | | 72.20 | | | 537 | |
17.000 - 17.499 | | | 39 | | | 7,121,511.07 | | | 1.35 | | | 11.190 | | | 359 | | | 68.90 | | | 529 | |
17.500 - 17.999 | | | 55 | | | 10,256,762.43 | | | 1.94 | | | 11.691 | | | 359 | | | 65.54 | | | 539 | |
18.000 - 18.499 | | | 25 | | | 4,791,317.90 | | | 0.91 | | | 12.253 | | | 359 | | | 60.22 | | | 542 | |
18.500 - 18.999 | | | 22 | | | 3,896,117.82 | | | 0.74 | | | 12.691 | | | 359 | | | 60.20 | | | 531 | |
Total | | | 2,521 | | $ | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
___________________
| (1) | The weighted average Maximum Mortgage Rate of the Adjustable-Rate Group I Mortgage Loans as of the Cut-off Date was approximately 14.793% per annum. |
Minimum Mortgage Rates of the Adjustable-Rate Group I Mortgage Loans(1)
Minimum Interest Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
5.000 - 5.499 | | | 1 | | $ | 300,000.00 | | | 0.06 | % | | 5.450 | % | | 360 | | | 75.00 | % | | 641 | |
5.500 - 5.999 | | | 10 | | | 2,242,513.49 | | | 0.42 | | | 5.740 | | | 359 | | | 73.37 | | | 666 | |
6.000 - 6.499 | | | 23 | | | 6,312,595.49 | | | 1.19 | | | 6.339 | | | 359 | | | 76.08 | | | 670 | |
6.500 - 6.999 | | | 95 | | | 24,855,696.71 | | | 4.70 | | | 6.808 | | | 359 | | | 76.15 | | | 663 | |
7.000 - 7.499 | | | 142 | | | 33,587,540.32 | | | 6.36 | | | 7.268 | | | 359 | | | 78.92 | | | 642 | |
7.500 - 7.999 | | | 305 | | | 72,783,283.14 | | | 13.78 | | | 7.768 | | | 359 | | | 80.33 | | | 630 | |
8.000 - 8.499 | | | 310 | | | 67,810,550.58 | | | 12.83 | | | 8.267 | | | 359 | | | 82.14 | | | 616 | |
8.500 - 8.999 | | | 580 | | | 123,879,094.51 | | | 23.45 | | | 8.769 | | | 359 | | | 82.35 | | | 599 | |
9.000 - 9.499 | | | 351 | | | 66,499,216.70 | | | 12.59 | | | 9.257 | | | 359 | | | 81.18 | | | 583 | |
9.500 - 9.999 | | | 329 | | | 62,415,920.45 | | | 11.81 | | | 9.726 | | | 359 | | | 79.66 | | | 567 | |
10.000 - 10.499 | | | 124 | | | 20,953,110.37 | | | 3.97 | | | 10.228 | | | 359 | | | 77.79 | | | 554 | |
10.500 - 10.999 | | | 110 | | | 20,622,008.53 | | | 3.90 | | | 10.711 | | | 359 | | | 72.20 | | | 537 | |
11.000 - 11.499 | | | 40 | | | 7,231,511.07 | | | 1.37 | | | 11.189 | | | 359 | | | 68.78 | | | 529 | |
11.500 - 11.999 | | | 54 | | | 10,146,762.43 | | | 1.92 | | | 11.697 | | | 359 | | | 65.59 | | | 539 | |
12.000 - 12.499 | | | 25 | | | 4,791,317.90 | | | 0.91 | | | 12.253 | | | 359 | | | 60.22 | | | 542 | |
12.500 - 12.999 | | | 22 | | | 3,896,117.82 | | | 0.74 | | | 12.691 | | | 359 | | | 60.20 | | | 531 | |
Total | | | 2,521 | | $ | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
___________________
| (1) | The weighted average Minimum Mortgage Rate of the Adjustable-Rate Group I Mortgage Loans as of the Cut-off Date was approximately 8.793% per annum. |
Initial Periodic Rate Caps of the Adjustable-Rate Group I Mortgage Loans(1)
Initial Period Cap Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2.000 | | | 24 | | | 5,364,502.50 | | | 1.02 | % | | 8.292 | % | | 356 | | | 78.25 | % | | 638 | |
3.000 | | | 2,497 | | | 522,962,737.01 | | | 98.98 | | | 8.798 | | | 359 | | | 79.52 | | | 599 | |
Total | | | 2,521 | | | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
___________________
| (1) | Relates solely to initial rate adjustments. |
Subsequent Periodic Rate Caps of the Adjustable-Rate Group I Mortgage Loans(1)
Subsequent Period Cap Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
1.500 | | | 2,521 | | | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
Total | | | 2,521 | | | 528,327,239.51 | | | 100.00 | % | | 8.793 | % | | 359 | | | 79.50 | % | | 599 | |
___________________
| (1) | Relates to all rate adjustments subsequent to initial rate adjustments. |
Cut-off Date Principal Balances of the Group II Mortgage Loans(1)
Principal Balance ($) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
0.01 - 50,000.00 | | | 293 | | $ | 10,630,030.02 | | | 1.15 | % | | 11.443 | % | | 339 | | | 98.79 | % | | 648 | |
50,000.01 - 100,000.00 | | | 683 | | | 51,401,020.88 | | | 5.55 | | | 10.657 | | | 358 | | | 93.44 | | | 637 | |
100,000.01 - 150,000.00 | | | 492 | | | 61,077,529.21 | | | 6.60 | | | 10.056 | | | 358 | | | 89.67 | | | 633 | |
150,000.01 - 200,000.00 | | | 389 | | | 68,385,824.62 | | | 7.39 | | | 8.877 | | | 358 | | | 84.79 | | | 636 | |
200,000.01 - 250,000.00 | | | 263 | | | 58,919,567.67 | | | 6.36 | | | 8.557 | | | 359 | | | 82.87 | | | 627 | |
250,000.01 - 300,000.00 | | | 226 | | | 61,852,725.44 | | | 6.68 | | | 8.370 | | | 359 | | | 82.91 | | | 640 | |
300,000.01 - 350,000.00 | | | 211 | | | 68,551,184.16 | | | 7.40 | | | 8.075 | | | 359 | | | 82.61 | | | 652 | |
350,000.01 - 400,000.00 | | | 154 | | | 57,577,590.37 | | | 6.22 | | | 8.258 | | | 359 | | | 83.16 | | | 648 | |
400,000.01 - 450,000.00 | | | 171 | | | 73,438,305.51 | | | 7.93 | | | 8.345 | | | 359 | | | 82.02 | | | 636 | |
450,000.01 - 500,000.00 | | | 187 | | | 89,044,626.56 | | | 9.62 | | | 8.070 | | | 359 | | | 81.50 | | | 647 | |
500,000.01 - 550,000.00 | | | 163 | | | 85,552,139.20 | | | 9.24 | | | 8.037 | | | 359 | | | 82.37 | | | 649 | |
550,000.01 - 600,000.00 | | | 108 | | | 62,200,099.59 | | | 6.72 | | | 8.134 | | | 359 | | | 82.51 | | | 639 | |
600,000.01 - 650,000.00 | | | 66 | | | 41,515,417.86 | | | 4.48 | | | 7.715 | | | 356 | | | 80.15 | | | 653 | |
650,000.01 - 700,000.00 | | | 50 | | | 33,756,280.70 | | | 3.65 | | | 8.047 | | | 359 | | | 81.17 | | | 651 | |
700,000.01 - 750,000.00 | | | 36 | | | 26,108,263.68 | | | 2.82 | | | 8.312 | | | 359 | | | 80.56 | | | 637 | |
750,000.01 - 800,000.00 | | | 62 | | | 48,589,217.83 | | | 5.25 | | | 8.214 | | | 359 | | | 78.03 | | | 643 | |
800,000.01 - 850,000.00 | | | 11 | | | 9,076,992.24 | | | 0.98 | | | 7.354 | | | 359 | | | 76.49 | | | 656 | |
850,000.01 - 900,000.00 | | | 3 | | | 2,600,677.31 | | | 0.28 | | | 8.120 | | | 359 | | | 81.71 | | | 634 | |
900,000.01 - 950,000.00 | | | 1 | | | 920,000.00 | | | 0.10 | | | 7.100 | | | 359 | | | 80.00 | | | 695 | |
950,000.01 - 1,000,000.00 | | | 9 | | | 8,888,417.57 | | | 0.96 | | | 7.133 | | | 359 | | | 78.06 | | | 680 | |
1,000,000.01+ | | | 5 | | | 5,725,624.34 | | | 0.62 | | | 7.147 | | | 359 | | | 78.56 | | | 679 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The average Cut-off Date Principal Balance of the Group II Mortgage Loans was approximately $258,390. |
Credit Scores for the Group II Mortgage Loans(1)
Credit Score | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
500 - 524 | | | 100 | | $ | 29,096,070.06 | | | 3.14 | % | | 10.233 | % | | 358 | | | 72.50 | % | | 511 | |
525 - 549 | | | 134 | | | 34,551,513.42 | | | 3.73 | | | 9.661 | | | 359 | | | 76.98 | | | 537 | |
550 - 574 | | | 226 | | | 61,301,327.00 | | | 6.62 | | | 9.063 | | | 357 | | | 83.90 | | | 562 | |
575 - 599 | | | 247 | | | 75,918,894.44 | | | 8.20 | | | 8.853 | | | 359 | | | 84.69 | | | 587 | |
600 - 624 | | | 690 | | | 149,708,511.88 | | | 16.17 | | | 8.601 | | | 359 | | | 85.71 | | | 611 | |
625 - 649 | | | 606 | | | 143,818,540.64 | | | 15.53 | | | 8.500 | | | 359 | | | 84.59 | | | 639 | |
650 - 674 | | | 660 | | | 164,233,274.45 | | | 17.74 | | | 8.302 | | | 358 | | | 83.92 | | | 662 | |
675 - 699 | | | 426 | | | 113,356,764.35 | | | 12.24 | | | 8.105 | | | 359 | | | 83.69 | | | 687 | |
700+ | | | 494 | | | 153,826,638.52 | | | 16.62 | | | 7.943 | | | 358 | | | 81.44 | | | 732 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The weighted average credit score of the Group II Mortgage Loans that had credit scores was approximately 643. |
Original Terms to Maturity of the Group II Mortgage Loans(1)
Original Term (months) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
120 | | | 8 | | $ | 498,847.78 | | | 0.05 | % | | 11.275 | % | | 119 | | | 99.58 | % | | 684 | |
180 | | | 50 | | | 1,788,622.95 | | | 0.19 | | | 10.320 | | | 179 | | | 85.82 | | | 623 | |
240 | | | 6 | | | 357,705.21 | | | 0.04 | | | 10.837 | | | 238 | | | 90.76 | | | 602 | |
360 | | | 3,519 | | | 923,166,358.82 | | | 99.71 | | | 8.498 | | | 359 | | | 83.30 | | | 643 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The weighted average original term to maturity of the Group II Mortgage Loans was approximately 359 months. |
Remaining Terms to Maturity of the Group II Mortgage Loans(1)
State Remaining Term (months) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
61 - 120 | | | 8 | | $ | 498,847.78 | | | 0.05 | % | | 11.275 | % | | 119 | | | 99.58 | % | | 684 | |
121 - 180 | | | 50 | | | 1,788,622.95 | | | 0.19 | | | 10.320 | | | 179 | | | 85.82 | | | 623 | |
181 - 240 | | | 6 | | | 357,705.21 | | | 0.04 | | | 10.837 | | | 238 | | | 90.76 | | | 602 | |
301 - 360 | | | 3,519 | | | 923,166,358.82 | | | 99.71 | | | 8.498 | | | 359 | | | 83.30 | | | 643 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The weighted average remaining term to maturity of the Group II Mortgage Loans was approximately 358 months. |
Property Types of the Group II Mortgage Loans
Property Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2 Units | | | 262 | | $ | 72,338,121.72 | | | 7.81 | % | | 8.503 | % | | 359 | | | 83.94 | % | | 664 | |
3 Units | | | 19 | | | 6,357,272.77 | | | 0.69 | | | 8.266 | | | 357 | | | 85.89 | | | 683 | |
4 Units | | | 11 | | | 3,339,622.90 | | | 0.36 | | | 8.188 | | | 358 | | | 82.94 | | | 670 | |
Condominium | | | 279 | | | 57,377,587.10 | | | 6.20 | | | 8.762 | | | 358 | | | 83.68 | | | 652 | |
PUD | | | 1 | | | 822,000.00 | | | 0.09 | | | 8.950 | | | 360 | | | 78.29 | | | 588 | |
Single Family | | | 3,011 | | | 785,576,930.27 | | | 84.85 | | | 8.488 | | | 358 | | | 83.22 | | | 640 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
Occupancy Status of the Group II Mortgage Loans(1)
Occupancy Status | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Non-owner | | | 156 | | $ | 28,771,856.43 | | | 3.11 | % | | 8.972 | % | | 357 | | | 82.34 | % | | 647 | |
Primary | | | 3,415 | | | 892,495,384.00 | | | 96.40 | | | 8.494 | | | 358 | | | 83.35 | | | 643 | |
Second Home | | | 12 | | | 4,544,294.33 | | | 0.49 | | | 7.593 | | | 359 | | | 83.15 | | | 665 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | Occupancy as represented by the mortgagor at the time of origination. |
Purpose of the Group II Mortgage Loans
Loan Purpose | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Cash Out Refinance | | | 954 | | $ | 324,690,337.84 | | | 35.07 | % | | 8.394 | % | | 358 | | | 80.97 | % | | 619 | |
Home Improvement | | | 62 | | | 23,559,257.32 | | | 2.54 | | | 8.340 | | | 359 | | | 82.48 | | | 633 | |
Purchase | | | 2,545 | | | 568,756,672.40 | | | 61.43 | | | 8.582 | | | 358 | | | 84.74 | | | 657 | |
Rate/Term Refinance | | | 22 | | | 8,805,267.20 | | | 0.95 | | | 7.989 | | | 359 | | | 80.05 | | | 621 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
Original Loan-to-Value Ratios of the Group II Mortgage Loans(1)(2)
Original LTV (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
0.01 - 49.99 | | | 32 | | $ | 7,642,796.17 | | | 0.83 | % | | 8.041 | % | | 359 | | | 42.28 | % | | 624 | |
50.00 - 54.99 | | | 15 | | | 5,418,678.85 | | | 0.59 | | | 7.990 | | | 359 | | | 51.96 | | | 624 | |
55.00 - 59.99 | | | 25 | | | 8,050,092.03 | | | 0.87 | | | 8.746 | | | 358 | | | 57.90 | | | 590 | |
60.00 - 64.99 | | | 45 | | | 15,900,409.72 | | | 1.72 | | | 8.125 | | | 352 | | | 63.41 | | | 629 | |
65.00 - 69.99 | | | 50 | | | 16,852,151.96 | | | 1.82 | | | 8.568 | | | 359 | | | 66.41 | | | 621 | |
70.00 - 74.99 | | | 75 | | | 24,983,226.47 | | | 2.70 | | | 8.751 | | | 359 | | | 72.32 | | | 593 | |
75.00 - 79.99 | | | 113 | | | 47,634,029.74 | | | 5.15 | | | 8.165 | | | 359 | | | 77.15 | | | 614 | |
80.00 | | | 1,279 | | | 437,345,492.83 | | | 47.24 | | | 7.953 | | | 359 | | | 80.00 | | | 663 | |
80.01 - 84.99 | | | 42 | | | 15,714,008.50 | | | 1.70 | | | 8.215 | | | 359 | | | 83.89 | | | 622 | |
85.00 - 89.99 | | | 260 | | | 82,755,563.62 | | | 8.94 | | | 8.410 | | | 359 | | | 85.85 | | | 609 | |
90.00 - 94.99 | | | 397 | | | 112,602,362.52 | | | 12.16 | | | 8.638 | | | 359 | | | 90.21 | | | 619 | |
95.00 - 99.99 | | | 198 | | | 43,443,609.30 | | | 4.69 | | | 9.062 | | | 357 | | | 95.31 | | | 618 | |
100.00 | | | 1,052 | | | 107,469,113.05 | | | 11.61 | | | 10.677 | | | 357 | | | 100.00 | | | 659 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The weighted average original loan-to-value ratio, with respect to first-lien Mortgage Loans or combined original loan-to-value, with respect to second-lien Mortgage Loans as of the Cut-off Date was approximately 83.32% |
| (2) | For a description of the determination of loan-to-value ratio by the related Originator see “The Originator” in this prospectus supplement. |
Product Type of the Group II Mortgage Loans
Product Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2/28 6 MO LIBOR | | | 1,071 | | $ | 286,994,385.25 | | | 31.00 | % | | 8.775 | % | | 359 | | | 83.33 | % | | 621 | |
2/28 6 MO LIBOR 40/30 Balloon | | | 720 | | | 266,353,302.34 | | | 28.77 | | | 8.303 | | | 359 | | | 81.06 | | | 646 | |
2/28 6 MO LIBOR 50/30 Balloon | | | 141 | | | 58,252,107.87 | | | 6.29 | | | 8.095 | | | 359 | | | 82.36 | | | 644 | |
2/28 6 MO LIBOR IO | | | 274 | | | 95,680,561.78 | | | 10.33 | | | 7.752 | | | 359 | | | 82.34 | | | 646 | |
3/27 6 MO LIBOR | | | 27 | | | 6,537,295.25 | | | 0.71 | | | 8.356 | | | 359 | | | 84.99 | | | 637 | |
3/27 6 MO LIBOR 40/30 Balloon | | | 19 | | | 8,302,399.49 | | | 0.90 | | | 7.653 | | | 359 | | | 80.52 | | | 671 | |
3/27 6 MO LIBOR 50/30 Balloon | | | 9 | | | 4,940,516.75 | | | 0.53 | | | 7.552 | | | 359 | | | 82.08 | | | 675 | |
3/27 6 MO LIBOR IO | | | 13 | | | 3,868,706.00 | | | 0.42 | | | 7.611 | | | 359 | | | 88.07 | | | 660 | |
5/25 6 MO LIBOR | | | 5 | | | 2,030,586.31 | | | 0.22 | | | 8.663 | | | 359 | | | 82.99 | | | 622 | |
5/25 6 MO LIBOR 40/30 Balloon | | | 1 | | | 484,687.25 | | | 0.05 | | | 7.600 | | | 358 | | | 66.44 | | | 676 | |
5/25 6 MO LIBOR 50/30 Balloon | | | 1 | | | 271,546.33 | | | 0.03 | | | 6.800 | | | 359 | | | 80.00 | | | 658 | |
5/25 6 MO LIBOR IO | | | 5 | | | 2,054,600.00 | | | 0.22 | | | 7.016 | | | 359 | | | 79.77 | | | 650 | |
Fixed Rate | | | 1,232 | | | 162,169,074.31 | | | 17.52 | | | 9.262 | | | 356 | | | 88.63 | | | 667 | |
Fixed Rate 40/30 Balloon | | | 43 | | | 18,704,574.28 | | | 2.02 | | | 7.401 | | | 359 | | | 79.58 | | | 671 | |
Fixed Rate 50/30 Balloon | | | 22 | | | 9,167,191.55 | | | 0.99 | | | 7.307 | | | 359 | | | 80.27 | | | 656 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
Geographic Distribution of the Mortgaged Properties related to the Group II Mortgage Loans(1)
Geographic Distribution | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Arizona | | | 78 | | $ | 15,643,139.59 | | | 1.69 | % | | 8.661 | % | | 359 | | | 84.47 | % | | 632 | |
Arkansas | | | 7 | | | 1,136,191.21 | | | 0.12 | | | 8.888 | | | 359 | | | 92.81 | | | 588 | |
California | | | 799 | | | 270,605,364.37 | | | 29.23 | | | 8.241 | | | 359 | | | 82.27 | | | 653 | |
Colorado | | | 37 | | | 7,524,521.35 | | | 0.81 | | | 8.395 | | | 359 | | | 86.63 | | | 618 | |
Connecticut | | | 34 | | | 8,907,306.42 | | | 0.96 | | | 8.499 | | | 359 | | | 85.73 | | | 641 | |
Delaware | | | 10 | | | 1,263,875.10 | | | 0.14 | | | 9.478 | | | 346 | | | 85.51 | | | 598 | |
District of Columbia | | | 15 | | | 5,417,790.90 | | | 0.59 | | | 8.904 | | | 359 | | | 77.93 | | | 626 | |
Florida | | | 674 | | | 141,102,745.80 | | | 15.24 | | | 8.647 | | | 359 | | | 83.10 | | | 636 | |
Georgia | | | 118 | | | 21,433,091.83 | | | 2.32 | | | 8.467 | | | 359 | | | 86.06 | | | 642 | |
Hawaii | | | 29 | | | 9,496,039.62 | | | 1.03 | | | 8.342 | | | 359 | | | 81.91 | | | 657 | |
Idaho | | | 8 | | | 1,193,134.40 | | | 0.13 | | | 9.723 | | | 358 | | | 83.29 | | | 567 | |
Illinois | | | 204 | | | 43,915,539.43 | | | 4.74 | | | 8.904 | | | 357 | | | 85.52 | | | 643 | |
Indiana | | | 14 | | | 2,422,671.60 | | | 0.26 | | | 8.985 | | | 358 | | | 89.94 | | | 631 | |
Kansas | | | 2 | | | 211,974.60 | | | 0.02 | | | 9.916 | | | 359 | | | 85.38 | | | 666 | |
Kentucky | | | 8 | | | 1,314,101.03 | | | 0.14 | | | 7.826 | | | 356 | | | 80.65 | | | 609 | |
Maine | | | 4 | | | 433,707.66 | | | 0.05 | | | 9.892 | | | 350 | | | 81.22 | | | 571 | |
Maryland | | | 225 | | | 66,344,769.20 | | | 7.17 | | | 8.589 | | | 359 | | | 82.63 | | | 630 | |
Massachusetts | | | 83 | | | 25,146,120.95 | | | 2.72 | | | 8.425 | | | 358 | | | 81.99 | | | 625 | |
Michigan | | | 56 | | | 8,919,454.20 | | | 0.96 | | | 9.272 | | | 356 | | | 88.49 | | | 609 | |
Minnesota | | | 23 | | | 5,010,257.31 | | | 0.54 | | | 8.150 | | | 359 | | | 81.37 | | | 627 | |
Missouri | | | 17 | | | 1,462,483.83 | | | 0.16 | | | 9.699 | | | 356 | | | 87.64 | | | 590 | |
Nebraska | | | 1 | | | 120,545.49 | | | 0.01 | | | 9.900 | | | 359 | | | 90.00 | | | 562 | |
Nevada | | | 52 | | | 13,370,811.72 | | | 1.44 | | | 8.644 | | | 359 | | | 85.19 | | | 644 | |
New Hampshire | | | 10 | | | 2,495,019.07 | | | 0.27 | | | 8.946 | | | 359 | | | 84.64 | | | 614 | |
New Jersey | | | 154 | | | 44,848,331.55 | | | 4.84 | | | 8.695 | | | 358 | | | 84.63 | | | 649 | |
New Mexico | | | 7 | | | 1,777,929.11 | | | 0.19 | | | 9.563 | | | 357 | | | 74.23 | | | 573 | |
New York | | | 354 | | | 114,637,078.62 | | | 12.38 | | | 8.338 | | | 359 | | | 83.13 | | | 661 | |
North Carolina | | | 45 | | | 6,087,401.28 | | | 0.66 | | | 9.286 | | | 358 | | | 86.50 | | | 615 | |
Ohio | | | 37 | | | 4,940,200.67 | | | 0.53 | | | 8.933 | | | 358 | | | 89.16 | | | 616 | |
Oklahoma | | | 1 | | | 51,982.63 | | | 0.01 | | | 11.300 | | | 359 | | | 80.00 | | | 543 | |
Oregon | | | 8 | | | 1,458,254.25 | | | 0.16 | | | 9.154 | | | 356 | | | 78.49 | | | 589 | |
Pennsylvania | | | 74 | | | 9,955,677.15 | | | 1.08 | | | 9.192 | | | 357 | | | 82.27 | | | 605 | |
Rhode Island | | | 13 | | | 2,703,634.44 | | | 0.29 | | | 9.300 | | | 359 | | | 85.42 | | | 638 | |
South Carolina | | | 23 | | | 4,274,998.65 | | | 0.46 | | | 8.874 | | | 357 | | | 87.56 | | | 600 | |
Tennessee | | | 38 | | | 3,918,555.37 | | | 0.42 | | | 9.521 | | | 359 | | | 87.22 | | | 590 | |
Texas | | | 78 | | | 15,930,568.68 | | | 1.72 | | | 8.172 | | | 351 | | | 80.19 | | | 653 | |
Utah | | | 10 | | | 2,102,370.91 | | | 0.23 | | | 8.938 | | | 359 | | | 88.42 | | | 630 | |
Virginia | | | 137 | | | 36,552,864.87 | | | 3.95 | | | 8.633 | | | 359 | | | 84.25 | | | 635 | |
Washington | | | 57 | | | 13,955,585.05 | | | 1.51 | | | 8.544 | | | 359 | | | 83.63 | | | 623 | |
West Virginia | | | 5 | | | 991,778.43 | | | 0.11 | | | 7.857 | | | 358 | | | 90.02 | | | 625 | |
Wisconsin | | | 34 | | | 6,733,666.42 | | | 0.73 | | | 8.531 | | | 359 | | | 86.54 | | | 629 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The greatest ZIP Code geographic concentration of Group II Mortgage Loans was approximately 0.49% in the 20721 ZIP Code. |
Documentation Levels of the Group II Mortgage Loans(1)
Documentation Type | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
Easy Documentation | | | 44 | | $ | 13,238,888.45 | | | 1.43 | % | | 8.689 | % | | 357 | | | 87.40 | % | | 605 | |
Full Documentation | | | 2,098 | | | 516,415,510.49 | | | 55.78 | | | 8.162 | | | 358 | | | 84.30 | | | 631 | |
Stated Documentation | | | 1,441 | | | 396,157,135.82 | | | 42.79 | | | 8.944 | | | 359 | | | 81.90 | | | 659 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | For a description of each Documentation Level, see “The Originator” in this prospectus supplement. |
Current Mortgage Rates of the Group II Mortgage Loans(1)
Current Mortgage Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
5.000 - 5.499 | | | 1 | | $ | 304,000.00 | | | 0.03 | % | | 5.390 | % | | 360 | | | 80.00 | % | | 671 | |
5.500 - 5.999 | | | 31 | | | 16,063,763.16 | | | 1.74 | | | 5.981 | | | 359 | | | 68.57 | | | 721 | |
6.000 - 6.499 | | | 70 | | | 32,086,307.69 | | | 3.47 | | | 6.276 | | | 359 | | | 76.49 | | | 684 | |
6.500 - 6.999 | | | 178 | | | 77,002,109.65 | | | 8.32 | | | 6.798 | | | 359 | | | 80.24 | | | 672 | |
7.000 - 7.499 | | | 220 | | | 81,402,558.37 | | | 8.79 | | | 7.258 | | | 357 | | | 80.60 | | | 660 | |
7.500 - 7.999 | | | 453 | | | 166,560,076.49 | | | 17.99 | | | 7.773 | | | 359 | | | 81.62 | | | 660 | |
8.000 - 8.499 | | | 355 | | | 121,242,285.42 | | | 13.10 | | | 8.263 | | | 359 | | | 81.91 | | | 649 | |
8.500 - 8.999 | | | 489 | | | 165,138,535.46 | | | 17.84 | | | 8.754 | | | 359 | | | 83.43 | | | 633 | |
9.000 - 9.499 | | | 278 | | | 79,809,781.34 | | | 8.62 | | | 9.216 | | | 359 | | | 84.41 | | | 616 | |
9.500 - 9.999 | | | 333 | | | 64,695,912.02 | | | 6.99 | | | 9.730 | | | 359 | | | 86.43 | | | 592 | |
10.000 - 10.499 | | | 224 | | | 30,735,577.00 | | | 3.32 | | | 10.221 | | | 356 | | | 89.66 | | | 604 | |
10.500 - 10.999 | | | 245 | | | 29,643,784.21 | | | 3.20 | | | 10.780 | | | 357 | | | 88.64 | | | 615 | |
11.000 - 11.499 | | | 259 | | | 24,696,343.13 | | | 2.67 | | | 11.237 | | | 357 | | | 95.80 | | | 653 | |
11.500 - 11.999 | | | 186 | | | 16,694,455.12 | | | 1.80 | | | 11.724 | | | 357 | | | 97.11 | | | 636 | |
12.000 - 12.499 | | | 169 | | | 13,825,942.86 | | | 1.49 | | | 12.254 | | | 358 | | | 93.25 | | | 610 | |
12.500 - 12.999 | | | 61 | | | 4,311,081.17 | | | 0.47 | | | 12.745 | | | 342 | | | 88.08 | | | 596 | |
13.000 - 13.499 | | | 21 | | | 1,006,913.79 | | | 0.11 | | | 13.175 | | | 342 | | | 97.74 | | | 620 | |
13.500 - 13.999 | | | 9 | | | 332,107.88 | | | 0.04 | | | 13.779 | | | 290 | | | 84.67 | | | 603 | |
14.000 - 14.499 | | | 1 | | | 260,000.00 | | | 0.03 | | | 14.250 | | | 360 | | | 65.00 | | | 520 | |
Total | | | 3,583 | | $ | 925,811,534.76 | | | 100.00 | % | | 8.504 | % | | 358 | | | 83.32 | % | | 643 | |
___________________
| (1) | The weighted average current Mortgage Rate of the Group II Mortgage Loans as of the Cut-off Date was approximately 8.504% per annum. |
Gross Margins of the Adjustable-Rate Group II Mortgage Loans(1)
Gross Margin (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2.500 - 2.999 | | | 1 | | $ | 304,000.00 | | | 0.04 | % | | 5.390 | % | | 360 | | | 80.00 | % | | 671 | |
3.000 - 3.499 | | | 3 | | | 1,855,654.72 | | | 0.25 | | | 5.968 | | | 359 | | | 80.00 | | | 652 | |
3.500 - 3.999 | | | 24 | | | 10,270,735.17 | | | 1.40 | | | 6.331 | | | 359 | | | 80.51 | | | 675 | |
4.000 - 4.499 | | | 88 | | | 34,196,846.78 | | | 4.65 | | | 6.814 | | | 359 | | | 81.20 | | | 667 | |
4.500 - 4.999 | | | 156 | | | 59,506,241.24 | | | 8.09 | | | 7.239 | | | 359 | | | 81.34 | | | 660 | |
5.000 - 5.499 | | | 269 | | | 97,968,321.24 | | | 13.32 | | | 7.735 | | | 359 | | | 81.54 | | | 657 | |
5.500 - 5.999 | | | 311 | | | 113,314,927.94 | | | 15.40 | | | 8.306 | | | 359 | | | 81.86 | | | 646 | |
6.000 - 6.499 | | | 319 | | | 108,318,171.58 | | | 14.72 | | | 8.700 | | | 359 | | | 84.13 | | | 639 | |
6.500 - 6.999 | | | 1,115 | | | 310,035,795.95 | | | 42.14 | | | 8.977 | | | 359 | | | 82.39 | | | 617 | |
Total | | | 2,286 | | $ | 735,770,694.62 | | | 100.00 | % | | 8.380 | % | | 359 | | | 82.28 | % | | 637 | |
___________________
| (1) | The weighted average Gross Margin of the Adjustable-Rate Group II Mortgage Loans as of the Cut-off Date was approximately 6.080% per annum. |
Month of Next Rate Adjustment for the Adjustable-Rate Group II Mortgage Loans(1)
Month of Next Rate Change | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
April 1, 2008 | | | 7 | | $ | 3,268,093.58 | | | 0.44 | % | | 8.036 | % | | 355 | | | 79.47 | % | | 667 | |
May 1, 2008 | | | 12 | | | 5,105,779.22 | | | 0.69 | | | 8.490 | | | 356 | | | 78.47 | | | 618 | |
June 1, 2008 | | | 100 | | | 31,718,317.94 | | | 4.31 | | | 8.451 | | | 357 | | | 83.12 | | | 642 | |
July 1, 2008 | | | 305 | | | 89,065,981.49 | | | 12.11 | | | 8.560 | | | 358 | | | 82.23 | | | 634 | |
August 1, 2008 | | | 834 | | | 260,920,478.84 | | | 35.46 | | | 8.457 | | | 359 | | | 81.87 | | | 631 | |
September 1, 2008 | | | 932 | | | 313,176,664.17 | | | 42.56 | | | 8.313 | | | 359 | | | 82.58 | | | 640 | |
October 1, 2008 | | | 16 | | | 4,025,042.00 | | | 0.55 | | | 8.246 | | | 360 | | | 83.43 | | | 616 | |
July 1, 2009 | | | 6 | | | 1,476,978.47 | | | 0.20 | | | 7.851 | | | 358 | | | 79.84 | | | 687 | |
August 1, 2009 | | | 28 | | | 8,959,591.08 | | | 1.22 | | | 7.816 | | | 359 | | | 85.18 | | | 668 | |
September 1, 2009 | | | 33 | | | 12,908,347.94 | | | 1.75 | | | 7.875 | | | 359 | | | 82.50 | | | 653 | |
October 1, 2009 | | | 1 | | | 304,000.00 | | | 0.04 | | | 5.390 | | | 360 | | | 80.00 | | | 671 | |
July 1, 2011 | | | 2 | | | 998,037.87 | | | 0.14 | | | 8.243 | | | 358 | | | 73.41 | | | 697 | |
August 1, 2011 | | | 3 | | | 886,810.76 | | | 0.12 | | | 6.867 | | | 359 | | | 80.86 | | | 663 | |
September 1, 2011 | | | 7 | | | 2,956,571.26 | | | 0.40 | | | 7.853 | | | 359 | | | 81.64 | | | 616 | |
Total | | | 2,286 | | $ | 735,770,694.62 | | | 100.00 | % | | 8.380 | % | | 359 | | | 82.28 | % | | 637 | |
___________________
| (1) | The weighted average time until the next Adjustment Date for the Adjustable-Rate Group II Mortgage Loans as of the Cut-off Date was approximately 24 months. |
Maximum Mortgage Rates of the Adjustable-Rate Group II Mortgage Loans(1)
Maximum Interest Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
11.000 - 11.499 | | | 1 | | $ | 304,000.00 | | | 0.04 | % | | 5.390 | % | | 360 | | | 80.00 | % | | 671 | |
11.500 - 11.999 | | | 4 | | | 2,175,824.88 | | | 0.30 | | | 5.922 | | | 358 | | | 80.00 | | | 681 | |
12.000 - 12.499 | | | 29 | | | 12,130,302.94 | | | 1.65 | | | 6.300 | | | 359 | | | 80.24 | | | 679 | |
12.500 - 12.999 | | | 129 | | | 51,592,075.02 | | | 7.01 | | | 6.819 | | | 359 | | | 81.16 | | | 669 | |
13.000 - 13.499 | | | 189 | | | 68,493,764.12 | | | 9.31 | | | 7.251 | | | 359 | | | 81.12 | | | 659 | |
13.500 - 13.999 | | | 425 | | | 153,518,206.81 | | | 20.86 | | | 7.771 | | | 359 | | | 81.40 | | | 659 | |
14.000 - 14.499 | | | 326 | | | 113,341,774.59 | | | 15.40 | | | 8.265 | | | 359 | | | 81.96 | | | 651 | |
14.500 - 14.999 | | | 466 | | | 158,636,944.36 | | | 21.56 | | | 8.753 | | | 359 | | | 83.44 | | | 632 | |
15.000 - 15.499 | | | 270 | | | 78,398,815.79 | | | 10.66 | | | 9.211 | | | 359 | | | 84.46 | | | 616 | |
15.500 - 15.999 | | | 237 | | | 55,933,646.52 | | | 7.60 | | | 9.715 | | | 359 | | | 84.61 | | | 582 | |
16.000 - 16.499 | | | 90 | | | 18,416,647.12 | | | 2.50 | | | 10.207 | | | 359 | | | 84.55 | | | 568 | |
16.500 - 16.999 | | | 74 | | | 14,005,080.27 | | | 1.90 | | | 10.694 | | | 359 | | | 77.56 | | | 552 | |
17.000 - 17.499 | | | 17 | | | 3,328,922.84 | | | 0.45 | | | 11.204 | | | 359 | | | 74.20 | | | 536 | |
17.500 - 17.999 | | | 13 | | | 1,573,542.57 | | | 0.21 | | | 11.660 | | | 359 | | | 72.94 | | | 524 | |
18.000 - 18.499 | | | 8 | | | 2,281,251.00 | | | 0.31 | | | 12.182 | | | 359 | | | 59.93 | | | 523 | |
18.500 - 18.999 | | | 5 | | | 1,197,933.47 | | | 0.16 | | | 12.701 | | | 359 | | | 63.03 | | | 522 | |
19.000 - 19.499 | | | 1 | | | 71,983.53 | | | 0.01 | | | 13.000 | | | 359 | | | 80.00 | | | 521 | |
19.500 - 19.999 | | | 1 | | | 109,978.79 | | | 0.01 | | | 13.750 | | | 359 | | | 61.11 | | | 522 | |
20.000 - 20.499 | | | 1 | | | 260,000.00 | | | 0.04 | | | 14.250 | | | 360 | | | 65.00 | | | 520 | |
Total | | | 2,286 | | $ | 735,770,694.62 | | | 100.00 | % | | 8.380 | % | | 359 | | | 82.28 | % | | 637 | |
___________________
| (1) | The weighted average Maximum Mortgage Rate of the Adjustable-Rate Group II Mortgage Loans as of the Cut-off Date was approximately 14.382% per annum. |
Minimum Mortgage Rates of the Adjustable-Rate Group II Mortgage Loans(1)
Minimum Interest Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
5.000 - 5.499 | | | 2 | | $ | 664,000.00 | | | 0.09 | % | | 6.832 | % | | 360 | | | 80.00 | % | | 636 | |
5.500 - 5.999 | | | 4 | | | 2,175,824.88 | | | 0.30 | | | 5.922 | | | 358 | | | 80.00 | | | 681 | |
6.000 - 6.499 | | | 29 | | | 12,130,302.94 | | | 1.65 | | | 6.300 | | | 359 | | | 80.24 | | | 679 | |
6.500 - 6.999 | | | 129 | | | 51,591,710.78 | | | 7.01 | | | 6.818 | | | 359 | | | 81.16 | | | 669 | |
7.000 - 7.499 | | | 190 | | | 68,713,963.44 | | | 9.34 | | | 7.253 | | | 359 | | | 81.12 | | | 659 | |
7.500 - 7.999 | | | 423 | | | 153,034,871.73 | | | 20.80 | | | 7.770 | | | 359 | | | 81.40 | | | 659 | |
8.000 - 8.499 | | | 326 | | | 113,245,274.59 | | | 15.39 | | | 8.266 | | | 359 | | | 81.97 | | | 651 | |
8.500 - 8.999 | | | 467 | | | 159,244,650.94 | | | 21.64 | | | 8.752 | | | 359 | | | 83.42 | | | 632 | |
9.000 - 9.499 | | | 269 | | | 77,791,109.21 | | | 10.57 | | | 9.216 | | | 359 | | | 84.49 | | | 615 | |
9.500 - 9.999 | | | 237 | | | 55,933,646.52 | | | 7.60 | | | 9.715 | | | 359 | | | 84.61 | | | 582 | |
10.000 - 10.499 | | | 90 | | | 18,416,647.12 | | | 2.50 | | | 10.207 | | | 359 | | | 84.55 | | | 568 | |
10.500 - 10.999 | | | 74 | | | 14,005,080.27 | | | 1.90 | | | 10.694 | | | 359 | | | 77.56 | | | 552 | |
11.000 - 11.499 | | | 17 | | | 3,328,922.84 | | | 0.45 | | | 11.204 | | | 359 | | | 74.20 | | | 536 | |
11.500 - 11.999 | | | 13 | | | 1,573,542.57 | | | 0.21 | | | 11.660 | | | 359 | | | 72.94 | | | 524 | |
12.000 - 12.499 | | | 8 | | | 2,281,251.00 | | | 0.31 | | | 12.182 | | | 359 | | | 59.93 | | | 523 | |
12.500 - 12.999 | | | 5 | | | 1,197,933.47 | | | 0.16 | | | 12.701 | | | 359 | | | 63.03 | | | 522 | |
13.000 - 13.499 | | | 1 | | | 71,983.53 | | | 0.01 | | | 13.000 | | | 359 | | | 80.00 | | | 521 | |
13.500 - 13.999 | | | 1 | | | 109,978.79 | | | 0.01 | | | 13.750 | | | 359 | | | 61.11 | | | 522 | |
14.000 - 14.499 | | | 1 | | | 260,000.00 | | | 0.04 | | | 14.250 | | | 360 | | | 65.00 | | | 520 | |
Total | | | 2,286 | | $ | 735,770,694.62 | | | 100.00 | % | | 8.380 | % | | 359 | | | 82.28 | % | | 637 | |
___________________
| (1) | The weighted average Minimum Mortgage Rate of the Adjustable-Rate Group II Mortgage Loans as of the Cut-off Date was approximately 8.380% per annum. |
Initial Periodic Rate Caps of the Adjustable-Rate Group II Mortgage Loans(1)
Initial Period Cap Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
2.000 | | | 33 | | $ | 12,936,905.81 | | | 1.76 | % | | 8.280 | % | | 356 | | | 80.47 | % | | 650 | |
3.000 | | | 2,253 | | | 722,833,788.81 | | | 98.24 | | | 8.382 | | | 359 | | | 82.31 | | | 636 | |
Total | | | 2,286 | | $ | 735,770,694.62 | | | 100.00 | % | | 8.380 | % | | 359 | | | 82.28 | % | | 637 | |
___________________
| (1) | Relates solely to initial rate adjustments. |
Subsequent Periodic Rate Caps of the Adjustable-Rate Group II Mortgage Loans(1)
Subsequent Period Cap Rate (%) | | Number of Mortgage Loans | | Aggregate Principle Balance | | Percentage of Aggregate Principal Balance of Mortgage Loans | | Weighted Average Gross Coupon | | Weighted Average Stated Remaining Term | | Weighted Average Combined Original LTV | | Weighted Average FICO | |
1.500 | | | 2,286 | | | 735,770,694.62 | | | 100.00 | % | | 8.380 | | | 359 | | | 82.28 | | | 637 | |
Total | | | 2,286 | | | 735,770,694.62 | | | 100.00 | % | | 8.380 | | | 359 | | | 82.28 | | | 637 | |
___________________
| (1) | Relates to all rate adjustments subsequent to initial rate adjustments. |