Carrington Mortgage Loan Trust, Series 2007-RFC1 FWP Free writing prospectus

Free Writing Prospectus for

Carrington Mortgage Loan Trust, Series 2007-RFC1

(filed pursuant to Rule 433; SEC file No. 333-134218)

SUBJECT TO REVISION Dated January 10, 2007

MBS New Issue Free Writing Prospectus

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset-Backed Pass-Through Certificates

Carrington Securities, LP

Sponsor

Residential Funding Company, LLC

Seller & Servicer

Homecomings Financial Network, Inc.

Subservicer

Stanwich Asset Acceptance Company, L.L.C.

Depositor

Carrington Mortgage Loan Trust, Series 2007-RFC1

Issuing Entity

January 10, 2007

Carrington Investment Services, LLC

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS

The information in this free writing prospectus, if conveyed prior to the time of your contractual commitment to purchase any of the Offered Certificates described herein, supersedes any information contained in any prior similar materials relating to the Offered Certificates. The information in this free writing prospectus is preliminary, and is subject to completion or change by information contained in a preliminary prospectus relating to the Offered Certificates. This free writing prospectus is not required to contain all information that is required to be included in the base prospectus and the prospectus supplement. This free writing prospectus is being delivered to you solely to provide you with information about the offering of the Offered Certificates referred to in this free writing prospectus and to solicit an offer to purchase the Offered Certificates, when, as and if issued. Any such offer to purchase made by you will not be accepted and will not constitute a contractual commitment by you to purchase any of the Offered Certificates, until we have conveyed to you a preliminary prospectus relating to the Offered Certificates and we have accepted your offer to purchase Offered Certificates. This free writing prospectus is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted.

IMPORTANT NOTICE REGARDING THE CONDITIONS

FOR THIS OFFERING OF ASSET-BACKED SECURITIES

The Offered Certificates referred to in these materials are being offered when, as and if issued. The depositor is not obligated to issue such Offered Certificates or any similar security and the underwriter’s obligation to deliver such Offered Certificates is subject to the terms and conditions of the underwriting agreement with the depositor and the availability of such Offered Certificates when, as and if issued by the issuing entity. You are advised that the terms of the Offered Certificates, and the characteristics of the mortgage loan pool backing them, may change (due, among other things, to the possibility that mortgage loans that comprise the pool may become delinquent or defaulted or may be removed or replaced and that similar or different mortgage loans may be added to the pool, and that one or more classes of Offered Certificates may be split, combined or eliminated), at any time prior to issuance or availability of a final prospectus. You are advised that Offered Certificates may not be issued that have the characteristics described in these materials. The underwriter’s obligation to sell such Offered Certificates to you is conditioned on the mortgage loans and Offered Certificates having the characteristics described in these materials. If for any reason the issuing entity does not deliver such Offered Certificates, the underwriter will notify you, and neither the issuer nor any underwriter will have any obligation to you to deliver all or any portion of the Offered Certificates which you have committed to purchase, and none of the issuing entity nor any underwriter will be liable for any costs or damages whatsoever arising from or related to such non-delivery.

THE DEPOSITOR HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SECURITIES AND EXCHANGE COMMISSION (THE SEC) FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS THE DEPOSITOR HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE DEPOSITOR AND THE OFFERING. YOU MAY GET THESE DOCUMENTS AT NO CHARGE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE DEPOSITOR, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS AT NO CHARGE IF YOU REQUEST IT BY CALLING TOLL-FREE 1-800-337-1385.

The Depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Depositor has filed with the SEC for more complete information about the Depositor and the offering.

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$886,526,947.76
	Number of Mortgage Loans:	4,987
	Average Scheduled Principal Balance:	$177,767.59
	Weighted Average Gross Coupon:	8.491%
	Weighted Average Original Credit Score:	609
	Weighted Average Original LTV Ratio²:	80.47%
	Weighted Average Combined LTV Ratio²:	85.22%
	Weighted Average Stated Remaining Term (months):	354
	Weighted Average Original Term (months):	357
	Weighted Average Roll Term¹ (months):	27
	Weighted Average Gross Margin¹:	6.171%
	Weighted Average Initial Rate Cap¹:	1.495%
	Weighted Average Periodic Rate Cap¹:	1.088%
	Interest Only Loans:	12.82%
	Silent Seconds:	24.77%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)

The original loan-to-value (“OLTV”) of a first-lien mortgage is a fraction, expressed as a percentage, the numerator of which is the principal balance of the Mortgage Loan at the date of origination and the denominator of which is the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan. The OLTV of a second lien Mortgage Loan is a fraction, expressed as a percentage the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) the outstanding balance of the senior mortgage loan at the date of origination of such Mortgage Loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

The combined loan-to-value (“CLTV”) of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15 Fixed		64	$	6,595,844.15		0.74	%	$	103,060.06		602		62.34	%		8.185	%
20 Fixed		13		1,629,569.63		0.18			125,351.51		618		66.20			7.874
25 Fixed		1		104,993.69		0.01			104,993.69		575		90.00			8.550
2YR-ARM		1,684		283,067,535.08		31.93			168,092.36		598		81.29			8.766
2YR-ARM 10YR-IO		3		551,550.00		0.06			183,850.00		626		80.55			7.871
2YR-ARM 2YR-IO		4		726,900.00		0.08			181,725.00		632		83.96			9.495
2YR-ARM 5YR-IO		336		86,301,188.71		9.73			256,848.78		634		81.07			7.866
2YR-ARM Recast		5		1,425,580.89		0.16			285,116.18		603		89.84			8.525
30 Fixed		1,242		157,369,059.74		17.75			126,706.17		609		77.96			8.661
30 Fixed 10YR-IO		1		292,000.00		0.03			292,000.00		630		80.00			6.625
30 Fixed 5YR-IO		16		3,386,910.63		0.38			211,681.91		642		82.48			8.402
30 Fixed Recast		1		168,088.21		0.02			168,088.21		685		58.00			7.494
30/15 Fixed		83		4,792,036.09		0.54			57,735.37		643		97.22			11.710
3YR-ARM		370		63,377,627.67		7.15			171,290.89		604		81.75			8.565
3YR-ARM 3YR-IO		1		173,600.00		0.02			173,600.00		625		80.00			6.750
3YR-ARM 5YR-IO		62		14,645,511.29		1.65			236,217.92		633		82.96			7.775
40/30 2YR-ARM		668		164,981,268.89		18.61			246,977.95		606		80.56			8.397
40/30 3YR-ARM		149		34,105,306.86		3.85			228,894.68		616		82.27			8.237
40/30 5YR-ARM		30		6,204,426.13		0.70			206,814.20		617		80.48			7.880
40/30 Fixed		107		22,624,952.22		2.55			211,448.15		618		76.98			7.991
45/30 2YR-ARM		14		2,869,783.87		0.32			204,984.56		615		81.34			8.420
45/30 3YR-ARM		3		495,406.36		0.06			165,135.45		646		80.00			7.559
45/30 Fixed		11		1,219,069.84		0.14			110,824.53		618		84.65			8.400
50/30 2YR-ARM		48		12,067,778.44		1.36			251,412.05		639		80.27			8.000
50/30 3YR-ARM		12		3,108,367.78		0.35			259,030.65		628		82.84			8.360
50/30 5YR-ARM		8		1,210,580.99		0.14			151,322.62		573		81.57			8.226
50/30 Fixed		15		3,761,189.60		0.42			250,745.97		636		83.33			7.962
5YR-ARM		9		1,690,876.01		0.19			187,875.11		614		79.05			7.550
5YR-ARM 10YR-IO		2		499,000.00		0.06			249,500.00		639		93.33			8.797
5YR-ARM 5YR-IO		25		7,080,944.99		0.80			283,237.80		636		81.50			7.570
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score			Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		13	$	4,431,953.99		0.50	%	$	340,919.54		642			69.76	%		5.825	%
6.001—6.500		63		16,603,973.08		1.87			263,555.13		646			73.75			6.336
6.501—7.000		220		53,629,477.98		6.05			243,770.35		631			74.49			6.836
7.001—7.500		374		84,762,408.86		9.56			226,637.46		626			76.24			7.334
7.501—8.000		854		175,950,023.15		19.85			206,030.47		622			78.10			7.817
8.001—8.500		820		150,812,884.11		17.01			183,918.15		610			79.90			8.298
8.501—9.000		917		161,742,040.98		18.24			176,381.72		601			82.07			8.798
9.001—9.500		567		92,635,963.38		10.45			163,379.12		593	��		83.85			9.301
9.501—10.000		547		78,289,354.03		8.83			143,124.96		585			84.67			9.789
10.001—10.500		223		30,458,417.35		3.44			136,584.83		590			86.25			10.270
10.501—11.000		168		21,484,033.56		2.42			127,881.15		587			84.77			10.765
11.001—11.500		65		6,125,583.73		0.69			94,239.75		603			89.10			11.274
11.501—12.000		64		4,770,948.27		0.54			74,546.07		607			90.64			11.739
12.001—12.500		49		2,849,707.54		0.32			58,157.30		628			91.98			12.302
12.501—13.000		27		1,508,666.64		0.17			55,876.54		619			97.67			12.821
13.001—13.500		8		236,498.96		0.03			29,562.37		613			100.00			13.322
13.501—14.000		7		209,620.68		0.02			29,945.81		590			100.00			13.719
14.001—14.500		1		25,391.47		0.00			25,391.47		594			100.00			14.375
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609			80.47	%		8.491	%

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		181	$	6,273,435.02		0.71	%	$	34,659.86		607		83.93	%		10.875	%
50,000.01—100,000.00		1,088		85,029,112.72		9.59			78,151.76		596		78.14			9.215
100,000.01—150,000.00		1,293		160,922,535.62		18.15			124,456.72		601		79.52			8.748
150,000.01—200,000.00		900		156,829,138.73		17.69			174,254.60		605		80.79			8.512
200,000.01—250,000.00		562		125,760,192.60		14.19			223,772.58		610		80.75			8.364
250,000.01—300,000.00		327		89,106,453.81		10.05			272,496.80		610		79.92			8.382
300,000.01—350,000.00		209		67,164,252.21		7.58			321,360.06		620		80.78			8.124
350,000.01—400,000.00		150		55,997,277.85		6.32			373,315.19		619		82.31			8.222
400,000.01—450,000.00		108		45,870,214.78		5.17			424,724.21		623		81.17			8.021
450,000.01—500,000.00		66		31,481,579.08		3.55			476,993.62		617		80.79			8.022
500,000.01—550,000.00		41		21,552,481.52		2.43			525,670.28		631		79.68			8.057
550,000.01—600,000.00		26		14,963,120.39		1.69			575,504.63		640		83.05			7.870
600,000.01—650,000.00		11		6,915,662.53		0.78			628,696.59		634		83.90			8.354
650,000.01—700,000.00		10		6,679,778.25		0.75			667,977.83		598		83.55			7.993
700,000.01—750,000.00		6		4,354,300.59		0.49			725,716.77		593		84.84			8.507
750,000.01—800,000.00		2		1,542,909.92		0.17			771,454.96		628		86.15			8.349
800,000.01—850,000.00		2		1,647,676.76		0.19			823,838.38		605		89.96			9.891
850,000.01—900,000.00		3		2,626,578.20		0.30			875,526.07		576		78.00			8.545
900,000.01—950,000.00		2		1,810,247.18		0.20			905,123.59		637		92.49			8.921
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		188	$	6,606,760.58		0.75	%	$	35,142.34		605		82.86	%		10.816	%
50,000.01—100,000.00		1,085		85,029,813.64		9.59			78,368.49		596		78.11			9.207
100,000.01—150,000.00		1,291		160,887,963.84		18.15			124,622.75		601		79.57			8.751
150,000.01—200,000.00		900		156,929,373.81		17.70			174,365.97		604		80.78			8.510
200,000.01—250,000.00		561		125,610,458.49		14.17			223,904.56		609		80.72			8.363
250,000.01—300,000.00		328		89,455,333.67		10.09			272,729.68		610		79.97			8.384
300,000.01—350,000.00		208		66,914,877.64		7.55			321,706.14		620		80.80			8.123
350,000.01—400,000.00		149		55,647,816.89		6.28			373,475.28		619		82.30			8.223
400,000.01—450,000.00		109		46,318,539.75		5.22			424,940.73		623		81.21			8.019
450,000.01—500,000.00		65		31,033,254.11		3.50			477,434.68		617		80.73			8.026
500,000.01—550,000.00		41		21,552,481.52		2.43			525,670.28		631		79.68			8.057
550,000.01—600,000.00		26		14,963,120.39		1.69			575,504.63		640		83.05			7.870
600,000.01—650,000.00		12		7,563,933.37		0.85			630,327.78		633		83.56			8.204
650,000.01—700,000.00		9		6,031,507.41		0.68			670,167.49		595		83.93			8.143
700,000.01—750,000.00		6		4,354,300.59		0.49			725,716.77		593		84.84			8.507
750,000.01—800,000.00		2		1,542,909.92		0.17			771,454.96		628		86.15			8.349
800,000.01—850,000.00		3		2,495,984.07		0.28			831,994.69		587		89.50			9.707
850,000.01—900,000.00		2		1,778,270.89		0.20			889,135.45		588		72.94			8.161
900,000.01—950,000.00		2		1,810,247.18		0.20			905,123.59		637		92.49			8.921
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
121—180		147	$	11,387,880.24		1.28	%	$	77,468.57		620		77.01	%		9.668	%
181—240		13		1,629,569.63		0.18			125,351.51		618		66.20			7.874
241—300		1		104,993.69		0.01			104,993.69		575		90.00			8.550
301—360		4,826		873,404,504.20		98.52			180,978.97		609		80.54			8.476
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
121—180		147	$	11,387,880.24		1.28	%	$	77,468.57		620		77.01	%		9.668	%
181—240		13		1,629,569.63		0.18			125,351.51		618		66.20			7.874
241—300		1		104,993.69		0.01			104,993.69		575		90.00			8.550
301—360		4,826		873,404,504.20		98.52			180,978.97		609		80.54			8.476
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		3	$	164,966.88		0.02	%	$	54,988.96		552		8.51	%		8.716	%
10.01—15.00		5		465,100.67		0.05			93,020.13		600		14.13			8.197
15.01—20.00		6		567,745.76		0.06			94,624.29		576		18.61			9.676
20.01—25.00		14		1,144,035.54		0.13			81,716.82		578		23.00			8.697
25.01—30.00		11		771,268.97		0.09			70,115.36		537		27.41			9.136
30.01—35.00		23		2,204,171.13		0.25			95,833.53		601		32.59			7.956
35.01—40.00		39		4,517,495.51		0.51			115,833.22		576		37.45			8.238
40.01—45.00		44		5,765,028.52		0.65			131,023.38		583		42.58			8.146
45.01—50.00		78		10,985,543.30		1.24			140,840.30		588		48.14			8.133
50.01—55.00		74		12,817,991.53		1.45			173,216.10		579		52.87			8.074
55.01—60.00		143		21,833,172.79		2.46			152,679.53		585		58.09			8.085
60.01—65.00		189		31,858,135.61		3.59			168,561.56		582		63.43			8.053
65.01—70.00		239		40,556,882.78		4.57			169,694.07		592		68.52			8.144
70.01—75.00		339		61,949,399.31		6.99			182,741.59		585		73.87			8.309
75.01—80.00		1,655		326,314,644.45		36.81			197,168.97		624		79.71			8.169
80.01—85.00		508		92,346,803.01		10.42			181,785.05		595		84.31			8.535
85.01—90.00		821		151,876,431.30		17.13			184,989.56		603		89.54			8.807
90.01—95.00		487		92,755,645.51		10.46			190,463.34		621		94.61			9.172
95.01—100.00		309		27,632,485.19		3.12			89,425.52		637		99.88			10.298
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		3	$	164,966.88		0.02	%	$	54,988.96		552		8.51	%		8.716	%
10.01—15.00		5		465,100.67		0.05			93,020.13		600		14.13			8.197
15.01—20.00		6		567,745.76		0.06			94,624.29		576		18.61			9.676
20.01—25.00		14		1,144,035.54		0.13			81,716.82		578		23.00			8.697
25.01—30.00		11		771,268.97		0.09			70,115.36		537		27.41			9.136
30.01—35.00		23		2,204,171.13		0.25			95,833.53		601		32.59			7.956
35.01—40.00		39		4,517,495.51		0.51			115,833.22		576		37.45			8.238
40.01—45.00		44		5,765,028.52		0.65			131,023.38		583		42.58			8.146
45.01—50.00		77		10,879,792.88		1.23			141,296.01		588		48.15			8.142
50.01—55.00		74		12,818,701.50		1.45			173,225.70		580		52.82			8.056
55.01—60.00		141		21,394,817.55		2.41			151,736.29		586		58.08			8.069
60.01—65.00		185		31,394,414.82		3.54			169,699.54		582		63.44			8.047
65.01—70.00		237		40,268,984.34		4.54			169,911.33		591		68.53			8.135
70.01—75.00		327		59,537,978.87		6.72			182,073.33		583		73.86			8.328
75.01—80.00		651		119,283,088.03		13.46			183,230.55		598		79.25			8.335
80.01—85.00		499		90,945,878.64		10.26			182,256.27		595		84.03			8.513
85.01—90.00		810		150,908,657.19		17.02			186,306.98		604		89.38			8.794
90.01—95.00		538		103,892,514.63		11.72			193,108.76		622		93.00			9.015
95.01—100.00		1,303		229,602,306.33		25.90			176,210.52		638		82.52			8.384
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		517	$	159,103,719.17		17.95	%	$	307,744.14		619		77.98	%		7.899	%
FL		627		114,156,126.43		12.88			182,067.19		605		78.65			8.483
TX		355		44,465,031.64		5.02			125,253.61		607		82.02			8.827
AZ		224		42,231,303.60		4.76			188,532.61		612		79.67			8.213
MD		155		37,138,809.79		4.19			239,605.22		602		77.22			8.306
NY		139		36,657,881.64		4.13			263,725.77		623		79.60			8.381
IL		197		36,004,186.87		4.06			182,762.37		609		81.91			8.797
NJ		113		28,915,681.09		3.26			255,890.98		612		80.67			8.683
WI		185		26,076,175.08		2.94			140,952.30		605		84.36			8.859
GA		171		24,206,367.16		2.73			141,557.70		604		83.27			9.015
VA		135		23,770,055.23		2.68			176,074.48		595		78.84			8.338
MI		182		23,028,784.81		2.60			126,531.78		611		82.48			8.959
MN		122		20,482,860.79		2.31			167,892.30		621		82.94			8.760
PA		141		19,534,735.31		2.20			138,544.22		600		81.56			8.743
WA		98		18,509,927.34		2.09			188,876.81		610		82.78			8.295
Other		1,626		232,245,301.81		26.20			142,832.29		605		82.06			8.704
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Occupancy Type

Occupancy Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		173	$	25,643,952.97		2.89	%	$	148,230.94		635		79.85	%		8.923	%
Primary Residence		4,812		860,530,445.08		97.07			178,830.10		608		80.48			8.478
Second Home		2		352,549.71		0.04			176,274.86		615		85.47			8.046
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family (Detached)		3,870	$	666,116,502.94		75.14	%	$	172,123.13		607		80.34	%		8.481	%
Detached PUD		536		111,135,527.58		12.54			207,342.40		612		81.17			8.480
Multifamily		197		42,174,934.54		4.76			214,085.96		624		79.57			8.496
Condo Under 5 Stories		240		40,910,850.63		4.61			170,461.88		622		80.76			8.501
Attached PUD		58		11,772,233.39		1.33			202,969.54		607		81.98			8.771
Townhouse/Rowhouse		63		9,417,048.90		1.06			149,476.97		599		79.64			8.534
Condo Over 8 Stories		11		2,769,513.85		0.31			251,773.99		612		84.90			9.224
Mid-Rise Condo (5-8 Stories)		7		1,100,849.47		0.12			157,264.21		602		89.89			9.235
Single Family Detached—Site Condo		4		998,486.46		0.11			249,621.62		643		84.06			8.861
Leasehold		1		131,000.00		0.01			131,000.00		582		58.22			7.875
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		2,700	$	496,969,736.13		56.06	%	$	184,062.87		598		78.47	%		8.426	%
Purchase		1,651		291,842,356.38		32.92			176,767.02		627		84.23			8.672
Rate/Term		632		97,314,480.94		10.98			153,978.61		611		79.40			8.277
Construction Permanent		4		400,374.31		0.05			100,093.58		619		75.12			8.039
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fast App		259	$	54,931,328.92		6.20	%	$	212,090.07		608		83.21	%		8.377	%
Full Documentation		2,856		451,179,688.38		50.89			157,976.08		597		79.78			8.299
Lite Documentation		81		12,656,019.38		1.43			156,247.15		579		81.87			8.474
Stated Documentation		1,791		367,759,911.08		41.48			205,337.75		626		80.85			8.743
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		5	$	781,920.26		0.09	%	$	156,384.05		500		76.69	%		9.143	%
501—525		284		40,002,990.69		4.51			140,855.60		514		69.48			9.143
526—550		411		62,721,202.28		7.07			152,606.33		539		75.86			9.072
551—575		592		98,140,393.74		11.07			165,777.69		564		77.78			8.785
576—600		900		153,873,550.83		17.36			170,970.61		588		81.67			8.648
601—625		1,094		199,591,677.90		22.51			182,442.12		613		82.09			8.487
626—650		862		163,078,842.27		18.40			189,186.59		638		81.62			8.229
651—675		558		107,101,096.90		12.08			191,937.45		662		82.33			8.083
676—700		272		59,473,525.80		6.71			218,652.67		686		81.99			8.015
701—725		1		319,650.43		0.04			319,650.43		714		80.00			8.200
726—750		2		411,786.64		0.05			205,893.32		746		92.06			7.966
751—775		5		967,486.08		0.11			193,497.22		758		82.19			8.082
776—800		1		62,823.94		0.01			62,823.94		777		90.00			7.850
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Total Collateral)

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		1,496	$	250,227,945.14		28.23	%	$	167,264.67		606		80.49	%		8.860	%
6		3		441,180.02		0.05			147,060.01		612		82.38			9.886
12		245		54,872,257.88		6.19			223,968.40		611		79.17			8.488
24		1,965		373,838,184.83		42.17			190,248.44		608		81.24			8.394
30		4		744,549.57		0.08			186,137.39		654		88.85			8.144
36		1,238		201,971,131.16		22.78			163,143.08		614		79.34			8.222
60		36		4,431,699.16		0.50			123,102.75		603		79.99			8.020
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		4,771	$	875,166,098.55		98.72	%	$	183,434.52		609		80.22	%		8.450	%
2		216		11,360,849.21		1.28			52,596.52		644		99.81			11.639
Total:		4,987	$	886,526,947.76		100.00	%	$	177,767.59		609		80.47	%		8.491	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$684,583,233.96
	Number of Mortgage Loans:	3,433
	Average Scheduled Principal Balance:	$199,412.54
	Weighted Average Gross Coupon:	8.454%
	Weighted Average Original Credit Score:	608
	Weighted Average Original LTV Ratio²:	81.22%
	Weighted Average Combined LTV Ratio²:	86.59%
	Weighted Average Stated Remaining Term (months):	357
	Weighted Average Original Term (months):	360
	Weighted Average Roll Term¹ (months):	27
	Weighted Average Gross Margin¹:	6.171%
	Weighted Average Initial Rate Cap¹:	1.495%
	Weighted Average Periodic Rate Cap¹:	1.088%
	Interest Only Loans:	16.07%
	Silent Seconds:	27.98%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2YR-ARM		1,684	$	283,067,535.08		41.35	%	$	168,092.36		598		81.29	%		8.766	%
2YR-ARM 10YR-IO		3		551,550.00		0.08			183,850.00		626		80.55			7.871
2YR-ARM 2YR-IO		4		726,900.00		0.11			181,725.00		632		83.96			9.495
2YR-ARM 5YR-IO		336		86,301,188.71		12.61			256,848.78		634		81.07			7.866
2YR-ARM Recast		5		1,425,580.89		0.21			285,116.18		603		89.84			8.525
3YR-ARM		370		63,377,627.67		9.26			171,290.89		604		81.75			8.565
3YR-ARM 3YR-IO		1		173,600.00		0.03			173,600.00		625		80.00			6.750
3YR-ARM 5YR-IO		62		14,645,511.29		2.14			236,217.92		633		82.96			7.775
40/30 2YR-ARM		668		164,981,268.89		24.10			246,977.95		606		80.56			8.397
40/30 3YR-ARM		149		34,105,306.86		4.98			228,894.68		616		82.27			8.237
40/30 5YR-ARM		30		6,204,426.13		0.91			206,814.20		617		80.48			7.880
45/30 2YR-ARM		14		2,869,783.87		0.42			204,984.56		615		81.34			8.420
45/30 3YR-ARM		3		495,406.36		0.07			165,135.45		646		80.00			7.559
50/30 2YR-ARM		48		12,067,778.44		1.76			251,412.05		639		80.27			8.000
50/30 3YR-ARM		12		3,108,367.78		0.45			259,030.65		628		82.84			8.360
50/30 5YR-ARM		8		1,210,580.99		0.18			151,322.62		573		81.57			8.226
5YR-ARM		9		1,690,876.01		0.25			187,875.11		614		79.05			7.550
5YR-ARM 10YR-IO		2		499,000.00		0.07			249,500.00		639		93.33			8.797
5YR-ARM 5YR-IO		25		7,080,944.99		1.03			283,237.80		636		81.50			7.570
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		12	$	4,210,211.75		0.62	%	$	350,850.98		640		70.84	%		5.817	%
6.001—6.500		41		11,974,632.48		1.75			292,064.21		644		78.36			6.299
6.501—7.000		145		37,161,995.36		5.43			256,289.62		626		76.25			6.849
7.001—7.500		269		66,256,460.13		9.68			246,306.54		624		77.34			7.324
7.501—8.000		612		137,662,054.17		20.11			224,938.00		623		79.12			7.815
8.001—8.500		589		116,983,254.87		17.09			198,613.34		610		80.88			8.293
8.501—9.000		688		131,542,435.41		19.21			191,195.40		601		82.70			8.803
9.001—9.500		423		76,174,107.04		11.13			180,080.63		592		84.58			9.300
9.501—10.000		377		61,385,533.89		8.97			162,826.35		584		84.79			9.788
10.001—10.500		147		22,633,473.13		3.31			153,969.20		590		86.99			10.262
10.501—11.000		104		15,318,262.91		2.24			147,290.99		585		83.94			10.773
11.001—11.500		16		2,044,857.67		0.30			127,803.60		584		85.38			11.193
11.501—12.000		6		787,726.89		0.12			131,287.82		551		85.79			11.662
12.001—12.500		4		448,228.26		0.07			112,057.07		598		68.10			12.185
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		17	$	710,734.49		0.10	%	$	41,807.91		554		53.67	%		9.463	%
50,000.01—100,000.00		558		44,473,334.03		6.50			79,701.32		590		78.86			9.103
100,000.01—150,000.00		887		111,313,027.62		16.26			125,493.83		599		80.72			8.744
150,000.01—200,000.00		683		119,149,791.90		17.40			174,450.65		602		81.38			8.579
200,000.01—250,000.00		460		102,912,632.73		15.03			223,723.11		608		81.29			8.401
250,000.01—300,000.00		262		71,545,412.27		10.45			273,074.09		608		80.54			8.413
300,000.01—350,000.00		188		60,338,182.11		8.81			320,947.78		619		81.43			8.138
350,000.01—400,000.00		131		48,965,554.59		7.15			373,782.86		618		83.01			8.271
400,000.01—450,000.00		90		38,249,439.49		5.59			424,993.77		621		82.66			8.088
450,000.01—500,000.00		60		28,566,035.24		4.17			476,100.59		616		80.54			8.069
500,000.01—550,000.00		38		19,970,155.61		2.92			525,530.41		629		79.75			8.144
550,000.01—600,000.00		26		14,963,120.39		2.19			575,504.63		640		83.05			7.870
600,000.01—650,000.00		11		6,915,662.53		1.01			628,696.59		634		83.90			8.354
650,000.01—700,000.00		9		6,031,507.41		0.88			670,167.49		595		83.93			8.143
700,000.01—750,000.00		5		3,615,659.20		0.53			723,131.84		599		84.17			8.212
750,000.01—800,000.00		1		778,482.21		0.11			778,482.21		578		78.00			8.200
800,000.01—850,000.00		2		1,647,676.76		0.24			823,838.38		605		89.96			9.891
850,000.01—900,000.00		3		2,626,578.20		0.38			875,526.07		576		78.00			8.545
900,000.01—950,000.00		2		1,810,247.18		0.26			905,123.59		637		92.49			8.921
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		21	$	894,967.92		0.13	%	$	42,617.52		564		55.51	%		9.375	%
50,000.01—100,000.00		556		44,423,355.79		6.49			79,898.12		590		78.90			9.099
100,000.01—150,000.00		886		111,328,696.47		16.26			125,653.16		599		80.74			8.746
150,000.01—200,000.00		683		119,199,674.31		17.41			174,523.68		602		81.36			8.577
200,000.01—250,000.00		460		102,962,781.95		15.04			223,832.13		608		81.27			8.399
250,000.01—300,000.00		263		71,894,292.13		10.50			273,362.33		608		80.59			8.414
300,000.01—350,000.00		187		60,088,807.54		8.78			321,330.52		620		81.46			8.137
350,000.01—400,000.00		130		48,616,093.63		7.10			373,969.95		617		82.99			8.273
400,000.01—450,000.00		91		38,697,764.46		5.65			425,250.16		621		82.69			8.085
450,000.01—500,000.00		59		28,117,710.27		4.11			476,571.36		616		80.47			8.074
500,000.01—550,000.00		38		19,970,155.61		2.92			525,530.41		629		79.75			8.144
550,000.01—600,000.00		26		14,963,120.39		2.19			575,504.63		640		83.05			7.870
600,000.01—650,000.00		11		6,915,662.53		1.01			628,696.59		634		83.90			8.354
650,000.01—700,000.00		9		6,031,507.41		0.88			670,167.49		595		83.93			8.143
700,000.01—750,000.00		5		3,615,659.20		0.53			723,131.84		599		84.17			8.212
750,000.01—800,000.00		1		778,482.21		0.11			778,482.21		578		78.00			8.200
800,000.01—850,000.00		3		2,495,984.07		0.36			831,994.69		587		89.50			9.707
850,000.01—900,000.00		2		1,778,270.89		0.26			889,135.45		588		72.94			8.161
900,000.01—950,000.00		2		1,810,247.18		0.26			905,123.59	��	637		92.49			8.921
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	69,914.88		0.01	%	$	69,914.88		526		10.00	%		8.500	%
10.01—15.00		2		120,694.61		0.02			60,347.31		620		14.02			8.482
15.01—20.00		4		447,473.98		0.07			111,868.50		557		18.33			10.101
20.01—25.00		4		226,060.82		0.03			56,515.21		519		22.62			9.473
25.01—30.00		8		608,038.72		0.09			76,004.84		532		27.17			9.175
30.01—35.00		7		767,992.69		0.11			109,713.24		576		33.28			8.430
35.01—40.00		26		3,340,104.07		0.49			128,465.54		577		37.38			8.169
40.01—45.00		17		2,576,807.59		0.38			151,576.92		571		42.76			8.499
45.01—50.00		36		6,523,117.56		0.95			181,197.71		576		48.32			8.200
50.01—55.00		39		7,103,372.45		1.04			182,137.76		575		52.69			8.177
55.01—60.00		79		13,320,397.40		1.95			168,612.63		581		58.13			8.104
60.01—65.00		118		22,116,707.07		3.23			187,429.72		572		63.58			8.167
65.01—70.00		147		27,973,354.74		4.09			190,294.93		587		68.60			8.104
70.01—75.00		235		46,263,361.97		6.76			196,865.37		580		73.92			8.364
75.01—80.00		1,266		267,907,204.68		39.13			211,617.07		625		79.75			8.128
80.01—85.00		366		70,669,281.07		10.32			193,085.47		591		84.38			8.583
85.01—90.00		620		123,138,539.00		17.99			198,610.55		603		89.62			8.784
90.01—95.00		372		76,218,118.41		11.13			204,887.42		620		94.69			9.139
95.01—100.00		86		15,192,692.25		2.22			176,659.21		632		99.90			9.352
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		1	$	69,914.88		0.01	%	$	69,914.88		526		10.00	%		8.500	%
10.01—15.00		2		120,694.61		0.02			60,347.31		620		14.02			8.482
15.01—20.00		4		447,473.98		0.07			111,868.50		557		18.33			10.101
20.01—25.00		4		226,060.82		0.03			56,515.21		519		22.62			9.473
25.01—30.00		8		608,038.72		0.09			76,004.84		532		27.17			9.175
30.01—35.00		7		767,992.69		0.11			109,713.24		576		33.28			8.430
35.01—40.00		26		3,340,104.07		0.49			128,465.54		577		37.38			8.169
40.01—45.00		17		2,576,807.59		0.38			151,576.92		571		42.76			8.499
45.01—50.00		36		6,523,117.56		0.95			181,197.71		576		48.32			8.200
50.01—55.00		38		6,998,332.00		1.02			184,166.63		576		52.67			8.158
55.01—60.00		78		12,961,164.50		1.89			166,168.78		583		58.12			8.075
60.01—65.00		117		21,961,596.17		3.21			187,705.95		572		63.57			8.151
65.01—70.00		145		27,685,456.30		4.04			190,934.18		587		68.62			8.091
70.01—75.00		224		43,954,417.21		6.42			196,225.08		578		73.93			8.392
75.01—80.00		419		86,903,956.32		12.69			207,408.01		595		79.31			8.304
80.01—85.00		359		69,738,645.63		10.19			194,258.07		592		84.03			8.561
85.01—90.00		612		122,495,201.73		17.89			200,155.56		603		89.43			8.768
90.01—95.00		410		84,655,688.24		12.37			206,477.29		621		93.17			8.984
95.01—100.00		926		192,548,570.94		28.13			207,935.82		638		81.71			8.194
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		394	$	134,086,657.33		19.59	%	$	340,321.47		618		78.73	%		7.877	%
FL		443		88,078,992.10		12.87			198,823.91		604		80.54			8.560
AZ		178		35,331,990.96		5.16			198,494.33		612		80.15			8.187
MD		113		29,975,318.66		4.38			265,268.31		600		78.61			8.275
NY		97		29,974,330.15		4.38			309,013.71		622		80.09			8.243
IL		154		29,544,608.36		4.32			191,848.11		611		82.57			8.784
NJ		96		25,719,449.79		3.76			267,910.94		612		81.86			8.762
TX		164		24,667,020.83		3.60			150,408.66		607		82.81			8.800
WI		147		21,586,013.69		3.15			146,843.63		603		84.94			8.912
GA		114		18,517,156.80		2.70			162,431.20		602		83.81			8.927
VA		94		17,262,464.58		2.52			183,643.24		598		79.85			8.271
MN		100		17,222,733.73		2.52			172,227.34		618		83.59			8.790
MI		122		16,373,547.76		2.39			134,209.41		608		82.42			8.913
WA		79		15,791,334.66		2.31			199,890.31		609		83.23			8.299
PA		96		14,384,026.95		2.10			149,833.61		597		82.78			8.705
Other		1,042		166,067,587.61		24.26			159,373.88		602		82.60			8.654
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Occupancy Type

Occupancy Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		129	$	20,517,605.11		3.00	%	$	159,051.20		635		80.85	%		8.900	%
Primary Residence		3,303		663,872,627.56		96.97			200,990.80		608		81.23			8.441
Second Home		1		193,001.29		0.03			193,001.29		618		90.00			8.250
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family (Detached)		2,604	$	502,752,536.42		73.44	%	$	193,069.33		606		81.03	%		8.437	%
Detached PUD		381		90,486,645.66		13.22			237,497.76		611		81.86			8.454
Multifamily		154		35,840,957.95		5.24			232,733.49		622		80.58			8.482
Condo Under 5 Stories		180		33,725,091.27		4.93			187,361.62		623		81.74			8.508
Attached PUD		49		10,212,770.62		1.49			208,423.89		604		83.19			8.787
Townhouse/Rowhouse		47		7,490,575.29		1.09			159,373.94		600		81.86			8.457
Condo Over 8 Stories		8		2,062,624.26		0.30			257,828.03		616		87.22			9.185
Single Family Detached—Site Condo		4		998,486.46		0.15			249,621.62		643		84.06			8.861
Mid-Rise Condo (5-8 Stories)		5		882,546.03		0.13			176,509.21		601		90.91			9.271
Leasehold		1		131,000.00		0.02			131,000.00		582		58.22			7.875
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		1,850	$	375,477,266.18		54.85	%	$	202,960.68		596		79.47	%		8.439	%
Purchase		1,251		250,372,263.77		36.57			200,137.70		626		83.84			8.537
Rate/Term		328		58,333,329.70		8.52			177,845.52		610		81.25			8.203
Construction Permanent		4		400,374.31		0.06			100,093.58		619		75.12			8.039
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fast App		183	$	43,079,607.23		6.29	%	$	235,407.69		603		83.92	%		8.374	%
Full Documentation		1,837		324,360,311.48		47.38			176,570.66		594		80.86			8.238
Lite Documentation		52		8,873,361.31		1.30			170,641.56		576		82.46			8.467
Stated Documentation		1,361		308,269,953.94		45.03			226,502.54		625		81.19			8.693
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		5	$	781,920.26		0.11	%	$	156,384.05		500		76.69	%		9.143	%
501—525		202		31,079,098.40		4.54			153,856.92		514		70.41			9.083
526—550		292		48,484,729.89		7.08			166,043.60		539		76.23			9.047
551—575		410		76,378,356.23		11.16			186,288.67		564		79.00			8.761
576—600		644		122,638,145.80		17.91			190,431.90		588		82.68			8.586
601—625		779		157,711,065.92		23.04			202,453.23		613		82.61			8.462
626—650		572		122,909,844.57		17.95			214,877.35		638		82.59			8.193
651—675		344		77,036,670.32		11.25			223,943.81		662		82.71			8.026
676—700		179		46,385,917.43		6.78			259,139.20		686		82.67			7.935
701—725		1		319,650.43		0.05			319,650.43		714		80.00			8.200
726—750		1		169,588.05		0.02			169,588.05		750		95.00			7.990
751—775		4		688,246.66		0.10			172,061.67		760		83.08			8.120
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		943	$	190,436,534.57		27.82	%	$	201,947.54		608		81.15	%		8.768	%
6		2		298,539.27		0.04			149,269.64		580		89.20			10.608
12		190		45,829,875.30		6.69			241,209.87		609		80.00			8.479
24		1,841		359,822,321.32		52.56			195,449.39		607		81.13			8.358
30		2		353,419.01		0.05			176,709.51		641		89.54			7.642
36		453		87,478,228.99		12.78			193,108.67		614		82.32			8.153
60		2		364,315.50		0.05			182,157.75		621		84.95			8.129
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1.000		47	$	6,928,752.81		1.01	%	$	147,420.27		609		82.32	%		9.199	%
1.500		3,386		677,654,481.15		98.99			200,134.22		608		81.21			8.447
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1.000		2,922	$	564,864,623.89		82.51	%	$	193,314.38		609		81.62	%		8.501	%
1.500		508		118,997,736.53		17.38			234,247.51		606		79.33			8.231
2.000		2		625,040.44		0.09			312,520.22		688		81.22			8.964
3.000		1		95,833.10		0.01			95,833.10		560		80.00			8.750
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2.001—3.000		6	$	854,791.91		0.12	%	$	142,465.32		643		62.84	%		7.074	%
3.001—4.000		63		13,072,925.27		1.91			207,506.75		615		70.14			7.053
4.001—5.000		372		73,261,688.12		10.70			196,940.02		612		77.77			7.701
5.001—6.000		999		193,673,353.52		28.29			193,867.22		609		80.96			8.313
6.001—7.000		1,344		279,051,185.68		40.76			207,627.37		609		81.67			8.452
7.001—8.000		597		116,340,532.55		16.99			194,875.26		603		83.89			9.230
8.001—9.000		43		7,321,989.60		1.07			170,278.83		587		84.71			9.831
9.001—10.000		8		944,769.03		0.14			118,096.13		590		84.02			10.994
10.001 >=		1		61,998.28		0.01			61,998.28		594		90.00			11.475
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
11.001—12.000		10	$	2,531,792.95		0.37	%	$	253,179.30		655		75.87	%		6.571	%
12.001—13.000		130		33,506,479.93		4.89			257,742.15		630		75.82			6.672
13.001—14.000		726		169,330,448.47		24.73			233,237.53		622		78.30			7.576
14.001—15.000		1,229		244,800,947.53		35.76			199,187.10		611		81.54			8.358
15.001—16.000		898		159,557,470.56		23.31			177,680.92		595		83.45			9.181
16.001—17.000		364		63,524,930.00		9.28			174,519.04		587		84.85			9.941
17.001—18.000		65		9,602,985.57		1.40			147,738.24		582		83.74			10.638
18.001—19.000		10		1,563,218.54		0.23			156,321.85		569		87.25			11.507
19.001 >=		1		164,960.41		0.02			164,960.41		547		19.88			12.225
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2.001—3.000		3	$	485,082.70		0.07	%	$	161,694.23		643		64.14	%		6.593	%
3.001—4.000		46		9,396,203.28		1.37			204,265.29		603		67.99			7.165
4.001—5.000		255		48,424,957.89		7.07			189,901.80		603		77.90			7.888
5.001—6.000		391		68,951,559.56		10.07			176,346.70		597		81.15			8.563
6.001—7.000		372		75,726,186.14		11.06			203,565.02		617		81.10			7.792
7.001—8.000		722		170,497,576.61		24.91			236,146.23		627		80.11			7.776
8.001—9.000		865		175,677,027.57		25.66			203,094.83		609		81.69			8.565
9.001—10.000		559		102,286,992.22		14.94			182,982.10		588		84.09			9.526
10.001—11.000		198		30,266,980.76		4.42			152,863.54		589		85.17			10.479
11.001—12.000		20		2,633,536.68		0.38			131,676.83		577		85.69			11.308
12.001 >=		2		237,130.55		0.03			118,565.28		573		39.70			12.225
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Adjustable Rate Collateral)

Distribution by Month of Initial Rate Adjustment

Month of Initial Interest Rate Adjustment	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
May 2008		3	$	800,165.87		0.12	%	$	266,721.96		593		77.06	%		8.563	%
June 2008		12		2,110,342.78		0.31			175,861.90		590		83.76			8.944
July 2008		78		16,242,890.22		2.37			208,242.18		613		82.44			8.356
August 2008		325		72,477,345.12		10.59			223,007.22		604		81.33			8.420
September 2008		446		84,763,236.20		12.38			190,052.10		611		81.05			8.794
October 2008		1,582		318,288,689.67		46.49			201,193.86		608		80.99			8.427
November 2008		316		57,308,916.02		8.37			181,357.33		602		80.50			8.556
May 2009		1		84,000.00		0.01			84,000.00		633		80.00			9.325
June 2009		1		64,526.35		0.01			64,526.35		530		80.00			8.625
July 2009		20		2,858,846.63		0.42			142,942.33		611		82.23			8.183
August 2009		143		30,695,439.58		4.48			214,653.42		614		80.28			8.046
September 2009		83		18,177,099.03		2.66			219,001.19		614		86.56			8.776
October 2009		278		53,525,747.71		7.82			192,538.66		613		81.66			8.407
November 2009		71		10,500,160.66		1.53			147,889.59		601		81.72			8.311
July 2011		1		163,294.18		0.02			163,294.18		609		80.00			7.750
August 2011		4		924,438.00		0.14			231,109.50		600		80.83			8.036
September 2011		7		1,722,757.55		0.25			246,108.22		627		78.70			8.067
October 2011		57		12,829,476.51		1.87			225,078.54		626		81.39			7.670
November 2011		5		1,045,861.88		0.15			209,172.38		595		83.95			8.245
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%
Total:		3,433	$	684,583,233.96		100.00	%	$	199,412.54		608		81.22	%		8.454	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Prinicpal Balance:	$201,943,713.80
	Number of Mortgage Loans:	1,554
	Average Scheduled Principal Balance:	$129,950.91
	Weighted Average Gross Coupon:	8.614%
	Weighted Average Original Credit Score:	612
	Weighted Average Original LTV Ratio¹:	77.91%
	Weighted Average Combined LTV Ratio¹:	80.56%
	Weighted Average Stated Remaining Term (months):	346
	Weighted Average Original Term (months) :	349
	Interest Only Loans:	1.82%
	Silent Seconds:	13.91%

(1)

The combined (“CLTV”) loan-to-value of a mortgage is a fraction, expressed as a percentage, the numerator of which is (i) the sum of (a) the principal balance of such Mortgage Loan at the date of origination plus (b) either (x) for junior lien Mortgage Loans the outstanding balance of the senior lien mortgage loan at the date of origination of such Mortgage Loan, or (y) for first-lien Mortgage Loans the outstanding balance of any junior lien mortgage loan and the denominator of which is (ii) the lesser of the sales price of the related mortgage property and its appraised value determined in an appraisal obtained by the originator at origination of the Mortgage Loan.

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15 Fixed		64	$	6,595,844.15		3.27	%	$	103,060.06		602		62.34	%		8.185	%
20 Fixed		13		1,629,569.63		0.81			125,351.51		618		66.20			7.874
25 Fixed		1		104,993.69		0.05			104,993.69		575		90.00			8.550
30 Fixed		1,242		157,369,059.74		77.93			126,706.17		609		77.96			8.661
30 Fixed 10YR-IO		1		292,000.00		0.14			292,000.00		630		80.00			6.625
30 Fixed 5YR-IO		16		3,386,910.63		1.68			211,681.91		642		82.48			8.402
30 Fixed Recast		1		168,088.21		0.08			168,088.21		685		58.00			7.494
30/15 Fixed		83		4,792,036.09		2.37			57,735.37		643		97.22			11.710
40/30 Fixed		107		22,624,952.22		11.20			211,448.15		618		76.98			7.991
45/30 Fixed		11		1,219,069.84		0.60			110,824.53		618		84.65			8.400
50/30 Fixed		15		3,761,189.60		1.86			250,745.97		636		83.33			7.962
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		1	$	221,742.24		0.11	%	$	221,742.24		691		49.27	%		5.975	%
6.001—6.500		22		4,629,340.60		2.29			210,424.57		654		61.80			6.431
6.501—7.000		75		16,467,482.62		8.15			219,566.43		642		70.52			6.808
7.001—7.500		105		18,505,948.73		9.16			176,247.13		634		72.31			7.368
7.501—8.000		242		38,287,968.98		18.96			158,214.75		617		74.43			7.826
8.001—8.500		231		33,829,629.24		16.75			146,448.61		608		76.52			8.318
8.501—9.000		229		30,199,605.57		14.95			131,876.01		601		79.30			8.776
9.001—9.500		144		16,461,856.34		8.15			114,318.45		597		80.46			9.308
9.501—10.000		170		16,903,820.14		8.37			99,434.24		588		84.22			9.793
10.001—10.500		76		7,824,944.22		3.87			102,959.79		590		84.11			10.292
10.501—11.000		64		6,165,770.65		3.05			96,340.17		592		86.85			10.745
11.001—11.500		49		4,080,726.06		2.02			83,280.12		613		90.96			11.315
11.501—12.000		58		3,983,221.38		1.97			68,676.23		618		91.60			11.755
12.001—12.500		45		2,401,479.28		1.19			53,366.21		634		96.44			12.324
12.501—13.000		27		1,508,666.64		0.75			55,876.54		619		97.67			12.821
13.001—13.500		8		236,498.96		0.12			29,562.37		613		100.00			13.322
13.501—14.000		7		209,620.68		0.10			29,945.81		590		100.00			13.719
14.001—14.500		1		25,391.47		0.01			25,391.47		594		100.00			14.375
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		164	$	5,562,700.53		2.75	%	$	33,918.91		613		87.79	%		11.055	%
50,000.01—100,000.00		530		40,555,778.69		20.08			76,520.34		603		77.35			9.339
100,000.01—150,000.00		406		49,609,508.00		24.57			122,190.91		605		76.82			8.758
150,000.01—200,000.00		217		37,679,346.83		18.66			173,637.54		611		78.92			8.300
200,000.01—250,000.00		102		22,847,559.87		11.31			223,995.69		617		78.29			8.197
250,000.01—300,000.00		65		17,561,041.54		8.70			270,169.87		617		77.42			8.260
300,000.01—350,000.00		21		6,826,070.10		3.38			325,050.96		624		75.05			7.998
350,000.01—400,000.00		19		7,031,723.26		3.48			370,090.70		629		77.49			7.878
400,000.01—450,000.00		18		7,620,775.29		3.77			423,376.41		631		73.70			7.685
450,000.01—500,000.00		6		2,915,543.84		1.44			485,923.97		628		83.29			7.565
500,000.01—550,000.00		3		1,582,325.91		0.78			527,441.97		661		78.79			6.956
650,000.01—700,000.00		1		648,270.84		0.32			648,270.84		621		80.00			6.600
700,000.01—750,000.00		1		738,641.39		0.37			738,641.39		564		88.10			9.950
750,000.01—800,000.00		1		764,427.71		0.38			764,427.71		678		94.44			8.500
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		167	$	5,711,792.66		2.83	%	$	34,202.35		611		87.15	%		11.042	%
50,000.01—100,000.00		529		40,606,457.85		20.11			76,760.79		603		77.24			9.326
100,000.01—150,000.00		405		49,559,267.37		24.54			122,368.56		605		76.96			8.762
150,000.01—200,000.00		217		37,729,699.50		18.68			173,869.58		611		78.97			8.298
200,000.01—250,000.00		101		22,647,676.54		11.21			224,234.42		618		78.19			8.198
250,000.01—300,000.00		65		17,561,041.54		8.70			270,169.87		617		77.42			8.260
300,000.01—350,000.00		21		6,826,070.10		3.38			325,050.96		624		75.05			7.998
350,000.01—400,000.00		19		7,031,723.26		3.48			370,090.70		629		77.49			7.878
400,000.01—450,000.00		18		7,620,775.29		3.77			423,376.41		631		73.70			7.685
450,000.01—500,000.00		6		2,915,543.84		1.44			485,923.97		628		83.29			7.565
500,000.01—550,000.00		3		1,582,325.91		0.78			527,441.97		661		78.79			6.956
600,000.01—650,000.00		1		648,270.84		0.32			648,270.84		621		80.00			6.600
700,000.01—750,000.00		1		738,641.39		0.37			738,641.39		564		88.10			9.950
750,000.01—800,000.00		1		764,427.71		0.38			764,427.71		678		94.44			8.500
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
121—180		147	$	11,387,880.24		5.64	%	$	77,468.57		620		77.01	%		9.668	%
181—240		13		1,629,569.63		0.81			125,351.51		618		66.20			7.874
241—300		1		104,993.69		0.05			104,993.69		575		90.00			8.550
301—360		1,393		188,821,270.24		93.50			135,550.09		611		78.06			8.557
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
121—180		147	$	11,387,880.24		5.64	%	$	77,468.57		620		77.01	%		9.668	%
181—240		13		1,629,569.63		0.81			125,351.51		618		66.20			7.874
241—300		1		104,993.69		0.05			104,993.69		575		90.00			8.550
301—360		1,393		188,821,270.24		93.50			135,550.09		611		78.06			8.557
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		2	$	95,052.00		0.05	%	$	47,526.00		571		7.41	%		8.874	%
10.01—15.00		3		344,406.06		0.17			114,802.02		593		14.17			8.097
15.01—20.00		2		120,271.78		0.06			60,135.89		648		19.65			8.094
20.01—25.00		10		917,974.72		0.45			91,797.47		592		23.09			8.506
25.01—30.00		3		163,230.25		0.08			54,410.08		556		28.31			8.993
30.01—35.00		16		1,436,178.44		0.71			89,761.15		615		32.22			7.702
35.01—40.00		13		1,177,391.44		0.58			90,568.57		572		37.63			8.433
40.01—45.00		27		3,188,220.93		1.58			118,082.26		592		42.44			7.860
45.01—50.00		42		4,462,425.74		2.21			106,248.23		606		47.88			8.036
50.01—55.00		35		5,714,619.08		2.83			163,274.83		585		53.09			7.946
55.01—60.00		64		8,512,775.39		4.22			133,012.12		591		58.02			8.055
60.01—65.00		71		9,741,428.54		4.82			137,203.22		606		63.10			7.796
65.01—70.00		92		12,583,528.04		6.23			136,777.48		602		68.33			8.232
70.01—75.00		104		15,686,037.34		7.77			150,827.28		599		73.74			8.148
75.01—80.00		389		58,407,439.77		28.92			150,147.66		619		79.53			8.354
80.01—85.00		142		21,677,521.94		10.73			152,658.61		608		84.06			8.381
85.01—90.00		201		28,737,892.30		14.23			142,974.59		607		89.21			8.910
90.01—95.00		115		16,537,527.10		8.19			143,804.58		628		94.25			9.327
95.01—100.00		223		12,439,792.94		6.16			55,783.82		642		99.87			11.454
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.01—10.00		2	$	95,052.00		0.05	%	$	47,526.00		571		7.41	%		8.874	%
10.01—15.00		3		344,406.06		0.17			114,802.02		593		14.17			8.097
15.01—20.00		2		120,271.78		0.06			60,135.89		648		19.65			8.094
20.01—25.00		10		917,974.72		0.45			91,797.47		592		23.09			8.506
25.01—30.00		3		163,230.25		0.08			54,410.08		556		28.31			8.993
30.01—35.00		16		1,436,178.44		0.71			89,761.15		615		32.22			7.702
35.01—40.00		13		1,177,391.44		0.58			90,568.57		572		37.63			8.433
40.01—45.00		27		3,188,220.93		1.58			118,082.26		592		42.44			7.860
45.01—50.00		41		4,356,675.32		2.16			106,260.37		606		47.90			8.055
50.01—55.00		36		5,820,369.50		2.88			161,676.93		585		52.99			7.933
55.01—60.00		63		8,433,653.05		4.18			133,867.51		591		58.01			8.061
60.01—65.00		68		9,432,818.65		4.67			138,717.92		605		63.13			7.805
65.01—70.00		92		12,583,528.04		6.23			136,777.48		602		68.33			8.232
70.01—75.00		103		15,583,561.66		7.72			151,296.72		598		73.65			8.147
75.01—80.00		232		32,379,131.71		16.03			139,565.22		605		79.09			8.418
80.01—85.00		140		21,207,233.01		10.50			151,480.24		608		84.03			8.357
85.01—90.00		198		28,413,455.46		14.07			143,502.30		606		89.14			8.907
90.01—95.00		128		19,236,826.39		9.53			150,287.71		628		92.24			9.152
95.01—100.00		377		37,053,735.39		18.35			98,285.77		640		86.75			9.371
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
FL		184	$	26,077,134.33		12.91	%	$	141,723.56		609		72.26	%		8.224	%
CA		123		25,017,061.84		12.39			203,390.75		624		73.93			8.019
TX		191		19,798,010.81		9.80			103,654.51		608		81.04			8.860
MD		42		7,163,491.13		3.55			170,559.31		606		71.39			8.438
AZ		46		6,899,312.64		3.42			149,985.06		612		77.22			8.343
NY		42		6,683,551.49		3.31			159,132.18		629		77.42			9.000
MI		60		6,655,237.05		3.30			110,920.62		619		82.61			9.072
VA		41		6,507,590.65		3.22			158,721.72		589		76.15			8.517
IL		43		6,459,578.51		3.20			150,222.76		602		78.90			8.855
GA		57		5,689,210.36		2.82			99,810.71		608		81.51			9.303
OH		54		5,548,474.71		2.75			102,749.53		606		81.35			8.663
AL		53		5,311,476.99		2.63			100,216.55		601		83.31			9.357
TN		52		5,251,104.58		2.60			100,982.78		597		78.56			8.888
PA		45		5,150,708.36		2.55			114,460.19		608		78.16			8.847
IN		42		5,036,941.09		2.49			119,927.17		625		82.01			8.611
Other		479		58,694,829.26		29.06			122,536.18		613		79.96			8.716
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Occupancy Type

Occupancy Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		44	$	5,126,347.86		2.54	%	$	116,507.91		638		75.81	%		9.016	%
Primary Residence		1,509		196,657,817.52		97.38			130,323.27		611		77.96			8.604
Second Home		1		159,548.42		0.08			159,548.42		612		80.00			7.800
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family (Detached)		1,266	$	163,363,966.52		80.90	%	$	129,039.47		610		78.22	%		8.617	%
Detached PUD		155		20,648,881.92		10.23			133,218.59		613		78.18			8.592
Condo Under 5 Stories		60		7,185,759.36		3.56			119,762.66		621		76.17			8.470
Multifamily		43		6,333,976.59		3.14			147,301.78		636		73.88			8.577
Townhouse/Rowhouse		16		1,926,473.61		0.95			120,404.60		598		71.01			8.836
Attached PUD		9		1,559,462.77		0.77			173,273.64		625		74.02			8.662
Condo Over 8 Stories		3		706,889.59		0.35			235,629.86		600		78.13			9.339
Mid-Rise Condo (5-8 Stories)		2		218,303.44		0.11			109,151.72		606		85.77			9.089
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		850	$	121,492,469.95		60.16	%	$	142,932.32		605		75.36	%		8.388	%
Purchase		400		41,470,092.61		20.54			103,675.23		631		86.59			9.488
Rate/Term		304		38,981,151.24		19.30			128,227.47		612		76.63			8.388
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fast App		76	$	11,851,721.69		5.87	%	$	155,943.71		624		80.64	%		8.389	%
Full Documentation		1,019		126,819,376.90		62.80			124,454.74		602		77.02			8.454
Lite Documentation		29		3,782,658.07		1.87			130,436.49		587		80.51			8.491
Stated Documentation		430		59,489,957.14		29.46			138,348.74		631		79.11			9.007
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
501—525		82	$	8,923,892.29		4.42	%	$	108,827.95		515		66.24	%		9.353	%
526—550		119		14,236,472.39		7.05			119,634.22		539		74.57			9.155
551—575		182		21,762,037.51		10.78			119,571.63		565		73.53			8.866
576—600		256		31,235,405.03		15.47			122,013.30		587		77.70			8.893
601—625		315		41,880,611.98		20.74			132,954.32		613		80.15			8.581
626—650		290		40,168,997.70		19.89			138,513.79		638		78.68			8.339
651—675		214		30,064,426.58		14.89			140,487.97		663		81.34			8.228
676—700		93		13,087,608.37		6.48			140,726.97		686		79.58			8.300
726—750		1		242,198.59		0.12			242,198.59		744		90.00			7.950
751—775		1		279,239.42		0.14			279,239.42		754		80.00			7.990
776—800		1		62,823.94		0.03			62,823.94		777		90.00			7.850
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		553	$	59,791,410.57		29.61	%	$	108,121.90		602		78.38	%		9.151	%
6		1		142,640.75		0.07			142,640.75		679		68.10			8.375
12		55		9,042,382.58		4.48			164,406.96		616		74.98			8.531
24		124		14,015,863.51		6.94			113,031.16		623		84.05			9.323
30		2		391,130.56		0.19			195,565.28		665		88.23			8.597
36		785		114,492,902.17		56.70			145,850.83		615		77.06			8.275
60		34		4,067,383.66		2.01			119,628.93		602		79.55			8.010
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Fixed Rate Collateral)

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		1,338	$	190,582,864.59		94.37	%	$	142,438.61		610		76.61	%		8.434	%
2		216		11,360,849.21		5.63			52,596.52		644		99.81			11.639
Total:		1,554	$	201,943,713.80		100.00	%	$	129,950.91		612		77.91	%		8.614	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$257,440,167.07
	Number of Mortgage Loans:	1,148
	Average Scheduled Principal Balance:	$224,251.02
	Weighted Average Gross Coupon:	8.362%
	Weighted Average Original Credit Score:	612
	Weighted Average Original LTV Ratio²:	80.87%
	Weighted Average Combined LTV Ratio²:	85.82%
	Weighted Average Stated Remaining Term (months):	353
	Weighted Average Original Term (months):	357
	Weighted Average Roll Term¹ (months):	27
	Weighted Average Gross Margin¹:	6.426%
	Weighted Average Initial Rate Cap¹:	1.498%
	Weighted Average Periodic Rate Cap¹:	1.114%
	Interest Only Loans:	0.00%
	Silent Seconds:	25.91%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
30/15 Fixed		83	$	4,792,036.09		1.86	%	$	57,735.37		643		97.22	%		11.710	%
40/30 2YR-ARM		668		164,981,268.89		64.09			246,977.95		606		80.56			8.397
40/30 3YR-ARM		149		34,105,306.86		13.25			228,894.68		616		82.27			8.237
40/30 5YR-ARM		30		6,204,426.13		2.41			206,814.20		617		80.48			7.880
40/30 Fixed		107		22,624,952.22		8.79			211,448.15		618		76.98			7.991
45/30 2YR-ARM		14		2,869,783.87		1.11			204,984.56		615		81.34			8.420
45/30 3YR-ARM		3		495,406.36		0.19			165,135.45		646		80.00			7.559
45/30 Fixed		11		1,219,069.84		0.47			110,824.53		618		84.65			8.400
50/30 2YR-ARM		48		12,067,778.44		4.69			251,412.05		639		80.27			8.000
50/30 3YR-ARM		12		3,108,367.78		1.21			259,030.65		628		82.84			8.360
50/30 5YR-ARM		8		1,210,580.99		0.47			151,322.62		573		81.57			8.226
50/30 Fixed		15		3,761,189.60		1.46			250,745.97		636		83.33			7.962
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		6	$	2,352,092.10		0.91	%	$	392,015.35		624		71.64	%		5.856	%
6.001—6.500		22		5,720,765.59		2.22			260,034.80		636		76.81			6.368
6.501—7.000		61		15,389,041.32		5.98			252,279.37		625		74.41			6.857
7.001—7.500		102		27,396,808.26		10.64			268,596.16		629		77.95			7.332
7.501—8.000		237		60,700,613.64		23.58			256,120.73		627		79.73			7.800
8.001—8.500		185		42,004,271.40		16.32			227,050.12		611		80.72			8.273
8.501—9.000		210		48,222,762.92		18.73			229,632.20		601		82.63			8.792
9.001—9.500		104		23,990,343.60		9.32			230,676.38		591		84.14			9.260
9.501—10.000		88		16,733,181.26		6.50			190,149.79		582		82.98			9.819
10.001—10.500		30		5,139,266.60		2.00			171,308.89		593		87.09			10.297
10.501—11.000		23		4,757,472.48		1.85			206,846.63		583		81.79			10.786
11.001—11.500		18		1,495,611.77		0.58			83,089.54		623		91.13			11.331
11.501—12.000		17		1,252,067.70		0.49			73,651.04		621		95.74			11.660
12.001—12.500		20		1,311,168.72		0.51			65,558.44		635		89.78			12.300
12.501—13.000		14		628,165.99		0.24			44,869.00		630		99.17			12.784
13.001—13.500		5		158,104.59		0.06			31,620.92		612		100.00			13.311
13.501—14.000		6		188,429.13		0.07			31,404.86		591		100.00			13.729
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		46	$	1,557,265.10		0.60	%	$	33,853.59		620		97.70	%		12.311	%
50,000.01—100,000.00		123		10,010,129.70		3.89			81,383.17		616		82.87			9.410
100,000.01—150,000.00		221		28,012,543.00		10.88			126,753.59		600		78.44			8.559
150,000.01—200,000.00		197		34,361,113.02		13.35			174,421.89		598		80.36			8.612
200,000.01—250,000.00		182		40,732,393.46		15.82			223,804.36		611		79.85			8.239
250,000.01—300,000.00		104		28,426,195.26		11.04			273,328.80		607		79.13			8.350
300,000.01—350,000.00		90		29,005,879.79		11.27			322,287.55		617		80.61			8.133
350,000.01—400,000.00		65		24,372,571.00		9.47			374,962.63		613		81.57			8.092
400,000.01—450,000.00		45		19,116,554.63		7.43			424,812.33		619		84.25			8.180
450,000.01—500,000.00		26		12,339,904.04		4.79			474,611.69		618		80.58			8.046
500,000.01—550,000.00		20		10,623,947.91		4.13			531,197.40		629		79.50			8.248
550,000.01—600,000.00		15		8,615,220.58		3.35			574,348.04		639		83.41			7.841
600,000.01—650,000.00		4		2,527,011.36		0.98			631,752.84		636		87.35			8.553
650,000.01—700,000.00		4		2,674,416.35		1.04			668,604.09		604		83.74			7.970
700,000.01—750,000.00		1		712,076.09		0.28			712,076.09		632		95.00			9.275
750,000.01—800,000.00		1		764,427.71		0.30			764,427.71		678		94.44			8.500
850,000.01—900,000.00		2		1,778,270.89		0.69			889,135.45		588		72.94			8.161
900,000.01—950,000.00		2		1,810,247.18		0.70			905,123.59		637		92.49			8.921
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0.01—50,000.00		46	$	1,557,265.10		0.60	%	$	33,853.59		620		97.70	%		12.311	%
50,000.01—100,000.00		124		10,110,056.29		3.93			81,532.71		616		82.84			9.397
100,000.01—150,000.00		220		27,912,616.41		10.84			126,875.53		600		78.43			8.560
150,000.01—200,000.00		198		34,560,996.35		13.42			174,550.49		599		80.41			8.609
200,000.01—250,000.00		182		40,782,465.80		15.84			224,079.48		611		79.71			8.234
250,000.01—300,000.00		103		28,176,239.59		10.94			273,555.72		607		79.26			8.358
300,000.01—350,000.00		90		29,005,879.79		11.27			322,287.55		617		80.61			8.133
350,000.01—400,000.00		65		24,372,571.00		9.47			374,962.63		613		81.57			8.092
400,000.01—450,000.00		45		19,116,554.63		7.43			424,812.33		619		84.25			8.180
450,000.01—500,000.00		26		12,339,904.04		4.79			474,611.69		618		80.58			8.046
500,000.01—550,000.00		20		10,623,947.91		4.13			531,197.40		629		79.50			8.248
550,000.01—600,000.00		15		8,615,220.58		3.35			574,348.04		639		83.41			7.841
600,000.01—650,000.00		4		2,527,011.36		0.98			631,752.84		636		87.35			8.553
650,000.01—700,000.00		4		2,674,416.35		1.04			668,604.09		604		83.74			7.970
700,000.01—750,000.00		1		712,076.09		0.28			712,076.09		632		95.00			9.275
750,000.01—800,000.00		1		764,427.71		0.30			764,427.71		678		94.44			8.500
850,000.01—900,000.00		2		1,778,270.89		0.69			889,135.45		588		72.94			8.161
900,000.01—950,000.00		2		1,810,247.18		0.70			905,123.59		637		92.49			8.921
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
121—180		83	$	4,792,036.09		1.86	%	$	57,735.37		643		97.22	%		11.710	%
301—360		1,065		252,648,130.98		98.14			237,228.29		611		80.56			8.298
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
121—180		83	$	4,792,036.09		1.86	%	$	57,735.37		643		97.22	%		11.710	%
301—360		1,065		252,648,130.98		98.14			237,228.29		611		80.56			8.298
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15.01—20.00		1	$	164,960.41		0.06	%	$	164,960.41		547		19.88	%		12.225	%
30.01—35.00		2		363,697.63		0.14			181,848.82		558		33.20			8.265
35.01—40.00		11		1,484,232.78		0.58			134,930.25		559		37.64			8.504
40.01—45.00		8		1,390,561.81		0.54			173,820.23		572		42.81			8.442
45.01—50.00		14		2,105,871.80		0.82			150,419.41		577		48.69			8.289
50.01—55.00		17		3,045,755.84		1.18			179,162.11		582		53.12			8.287
55.01—60.00		35		7,502,878.18		2.91			214,367.95		581		58.24			8.221
60.01—65.00		50		11,379,505.94		4.42			227,590.12		581		63.44			7.970
65.01—70.00		53		12,288,310.29		4.77			231,854.91		589		68.68			7.928
70.01—75.00		60		13,521,514.17		5.25			225,358.57		577		74.14			8.279
75.01—80.00		376		93,385,494.24		36.27			248,365.68		631		79.76			7.982
80.01—85.00		130		30,983,045.99		12.04			238,331.12		593		84.36			8.352
85.01—90.00		191		45,983,328.03		17.86			240,750.41		609		89.64			8.689
90.01—95.00		120		28,693,639.72		11.15			239,113.66		627		94.77			8.929
95.01—100.00		80		5,147,370.24		2.00			64,342.13		647		99.94			11.443
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
15.01—20.00		1	$	164,960.41		0.06	%	$	164,960.41		547		19.88	%		12.225	%
30.01—35.00		2		363,697.63		0.14			181,848.82		558		33.20			8.265
35.01—40.00		11		1,484,232.78		0.58			134,930.25		559		37.64			8.504
40.01—45.00		8		1,390,561.81		0.54			173,820.23		572		42.81			8.442
45.01—50.00		14		2,105,871.80		0.82			150,419.41		577		48.69			8.289
50.01—55.00		17		3,045,755.84		1.18			179,162.11		582		53.12			8.287
55.01—60.00		35		7,502,878.18		2.91			214,367.95		581		58.24			8.221
60.01—65.00		49		11,224,395.04		4.36			229,069.29		580		63.43			7.937
65.01—70.00		52		12,120,411.85		4.71			233,084.84		589		68.70			7.897
70.01—75.00		56		12,804,884.69		4.97			228,658.66		575		74.15			8.312
75.01—80.00		122		31,629,816.15		12.29			259,260.79		606		79.33			8.224
80.01—85.00		125		29,304,910.19		11.38			234,439.28		592		84.20			8.366
85.01—90.00		191		46,341,815.90		18.00			242,627.31		609		89.42			8.674
90.01—95.00		128		30,094,290.59		11.69			235,111.65		628		93.85			8.824
95.01—100.00		337		67,861,684.21		26.36			201,369.98		643		81.74			8.176
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		233	$	76,877,820.42		29.86	%	$	329,947.73		617		78.60	%		7.944	%
FL		146		27,767,846.15		10.79			190,190.73		603		80.97			8.525
NY		55		16,787,166.58		6.52			305,221.21		629		82.04			8.476
AZ		73		13,847,475.72		5.38			189,691.45		611		79.94			8.389
MD		47		13,509,517.40		5.25			287,436.54		600		78.30			8.291
IL		59		12,547,947.38		4.87			212,677.07		606		83.74			8.806
NJ		36		9,786,497.01		3.80			271,847.14		627		81.69			8.488
NV		31		7,118,329.21		2.77			229,623.52		606		79.21			8.454
WA		34		6,453,681.03		2.51			189,814.15		614		83.93			8.497
MN		27		4,926,193.46		1.91			182,451.61		618		83.30			8.770
CO		28		4,901,952.26		1.90			175,069.72		615		82.67			8.121
VA		27		4,669,851.18		1.81			172,957.45		601		81.09			8.762
MI		31		4,489,929.55		1.74			144,836.44		625		83.68			8.568
HI		11		4,375,913.93		1.70			397,810.36		618		78.06			7.765
OR		20		4,151,464.60		1.61			207,573.23		613		81.79			8.555
Other		290		45,228,581.19		17.57			155,960.62		603		83.54			8.716
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Occupancy Type

Occupancy Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		30	$	5,816,993.32		2.26	%	$	193,899.78		654		79.98	%		8.615	%
Primary Residence		1,118		251,623,173.75		97.74			225,065.45		611		80.89			8.356
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family (Detached)		883	$	195,360,733.23		75.89	%	$	221,246.58		610		80.69	%		8.345	%
Detached PUD		127		30,779,635.38		11.96			242,359.33		620		81.58			8.283
Multifamily		53		14,776,000.25		5.74			278,792.46		620		80.53			8.498
Condo Under 5 Stories		59		11,305,179.47		4.39			191,613.21		620		83.06			8.632
Attached PUD		9		2,137,885.50		0.83			237,542.83		573		75.94			8.500
Townhouse/Rowhouse		13		2,048,422.62		0.80			157,570.97		597		82.76			8.416
Condo Over 8 Stories		2		761,035.44		0.30			380,517.72		610		80.00			8.625
Mid-Rise Condo (5-8 Stories)		1		175,374.33		0.07			175,374.33		652		80.50			8.650
Single Family Detached—Site Condo		1		95,900.85		0.04			95,900.85		638		80.00			8.250
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Cash Out		653	$	153,685,210.89		59.70	%	$	235,352.54		599		78.75	%		8.322	%
Purchase		407		86,325,796.82		33.53			212,102.69		635		84.31			8.490
Rate/Term		87		17,339,209.21		6.74			199,301.26		609		82.54			8.078
Construction Permanent		1		89,950.15		0.03			89,950.15		679		66.18			7.000
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fast App		70	$	18,316,013.85		7.11	%	$	261,657.34		614		83.93	%		8.289	%
Full Documentation		541		106,726,066.66		41.46			197,275.54		597		80.47			8.130
Lite Documentation		27		5,045,862.71		1.96			186,883.80		570		81.77			8.399
Stated Documentation		510		127,352,223.85		49.47			249,710.24		626		80.72			8.565
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
476—500		1	$	383,755.71		0.15	%	$	383,755.71		500		78.69	%		9.050	%
501—525		59		11,564,074.39		4.49			196,001.26		514		69.67			9.011
526—550		86		16,862,203.72		6.55			196,072.14		540		75.21			8.964
551—575		120		27,924,873.56		10.85			232,707.28		565		78.33			8.583
576—600		196		41,971,010.17		16.30			214,137.81		588		81.00			8.429
601—625		259		58,053,528.87		22.55			224,144.90		613		82.31			8.369
626—650		184		42,557,647.31		16.53			231,291.56		638		81.91			8.133
651—675		157		34,489,313.50		13.40			219,677.16		662		83.71			8.101
676—700		83		22,942,452.42		8.91			276,415.09		685		83.59			7.995
701—725		1		319,650.43		0.12			319,650.43		714		80.00			8.200
726—750		1		242,198.59		0.09			242,198.59		744		90.00			7.950
751—775		1		129,458.40		0.05			129,458.40		765		80.00			8.200
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		295	$	63,852,911.07		24.80	%	$	216,450.55		613		82.18	%		8.809	%
12		70		18,375,933.70		7.14			262,513.34		617		80.42			8.527
24		525		122,561,795.54		47.61			233,451.04		608		80.40			8.263
36		255		52,347,774.74		20.33			205,285.39		619		80.50			7.988
60		3		301,752.02		0.12			100,584.01		610		81.97			8.222
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		216	$	32,397,247.75		12.58	%	$	149,987.26		624		81.00	%		8.553	%
1.000		4		893,439.94		0.35			223,359.99		607		79.13			8.223
1.500		928		224,149,479.38		87.07			241,540.39		610		80.85			8.335
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		216	$	32,397,247.75		12.58	%	$	149,987.26		624		81.00	%		8.553	%
1.000		738		173,917,159.54		67.56			235,660.11		614		81.79			8.347
1.500		193		50,790,322.16		19.73			263,162.29		596		77.73			8.298
2.000		1		335,437.62		0.13			335,437.62		691		65.00			6.990
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		216	$	32,397,247.75		12.58	%	$	149,987.26		624		81.00	%		8.553	%
2.001—3.000		1		87,295.80		0.03			87,295.80		622		95.00			8.830
3.001—4.000		9		1,508,819.39		0.59			167,646.60		624		77.39			7.057
4.001—5.000		44		10,114,441.40		3.93			229,873.67		614		74.85			7.531
5.001—6.000		223		51,892,636.82		20.16			232,702.41		613		80.72			8.108
6.001—7.000		437		110,481,750.67		42.92			252,818.65		611		80.76			8.169
7.001—8.000		211		49,378,399.45		19.18			234,020.85		605		82.43			9.108
8.001—9.000		7		1,579,575.79		0.61			225,653.68		582		82.40			9.476
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		216	$	32,397,247.75		12.58	%	$	149,987.26		624		81.00	%		8.553	%
11.001—12.000		3		758,505.32		0.29			252,835.11		657		73.96			5.965
12.001—13.000		53		13,113,682.01		5.09			247,427.96		624		77.95			6.653
13.001—14.000		236		63,679,369.17		24.74			269,827.84		626		79.31			7.591
14.001—15.000		335		79,105,286.53		30.73			236,135.18		614		81.58			8.369
15.001—16.000		198		45,227,575.73		17.57			228,422.10		592		82.16			9.030
16.001—17.000		89		20,170,281.47		7.83			226,632.38		583		83.39			9.807
17.001—18.000		15		2,454,051.06		0.95			163,603.40		565		74.61			10.581
18.001—19.000		2		369,207.62		0.14			184,603.81		517		75.00			11.296
19.001 >=		1		164,960.41		0.06			164,960.41		547		19.88			12.225
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		216	$	32,397,247.75		12.58	%	$	149,987.26		624		81.00	%		8.553	%
3.001—4.000		2		411,550.68		0.16			205,775.34		604		78.22			7.196
4.001—5.000		21		5,428,010.97		2.11			258,476.71		602		75.93			7.754
5.001—6.000		40		8,904,784.79		3.46			222,619.62		594		80.19			8.172
6.001—7.000		88		20,973,310.81		8.15			238,333.08		619		78.37			7.216
7.001—8.000		263		70,925,914.31		27.55			269,680.28		629		79.98			7.678
8.001—9.000		321		75,184,738.57		29.20			234,220.37		606		81.61			8.550
9.001—10.000		157		35,259,839.35		13.70			224,584.96		587		83.52			9.481
10.001—11.000		36		7,307,166.46		2.84			202,976.85		582		82.44			10.575
11.001—12.000		3		482,642.97		0.19			160,880.99		523		68.26			11.256
12.001 >=		1		164,960.41		0.06			164,960.41		547		19.88			12.225
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Balloon Collateral)

Distribution by Month of Initial Rate Adjustment

Month of Initial Interest Rate Adjustment	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		216	$	32,397,247.75		12.58	%	$	149,987.26		624		81.00	%		8.553	%
May 2008		2		684,097.88		0.27			342,048.94		590		74.02			8.550
June 2008		1		357,015.19		0.14			357,015.19		591		95.00			10.700
July 2008		23		5,128,938.62		1.99			222,997.33		615		82.76			7.869
August 2008		109		28,324,336.46		11.00			259,856.30		608		80.94			8.166
September 2008		127		31,159,811.04		12.10			245,352.84		617		81.16			8.563
October 2008		430		106,996,385.52		41.56			248,828.80		607		80.31			8.374
November 2008		38		7,268,246.49		2.82			191,269.64		593		78.43			8.516
July 2009		12		1,922,474.31		0.75			160,206.19		625		83.41			8.046
August 2009		51		10,416,263.67		4.05			204,240.46		615		80.79			7.929
September 2009		27		7,835,195.68		3.04			290,192.43		618		86.22			8.374
October 2009		69		16,644,767.60		6.47			241,228.52		618		81.80			8.410
November 2009		5		890,379.74		0.35			178,075.95		607		71.94			7.888
August 2011		4		924,438.00		0.36			231,109.50		600		80.83			8.036
September 2011		3		379,807.55		0.15			126,602.52		573		78.10			8.415
October 2011		27		5,135,993.66		2.00			190,221.99		618		80.13			7.815
November 2011		4		974,767.91		0.38			243,691.98		590		84.24			8.299
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		1,066	$	252,912,765.05		98.24	%	$	237,254.00		611		80.53	%		8.298	%
2		82		4,527,402.02		1.76			55,212.22		647		99.60			11.934
Total:		1,148	$	257,440,167.07		100.00	%	$	224,251.02		612		80.87	%		8.362	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)


Collateral Summary

Statistics for the Mortgage Loans listed below are based on the Cut-off Date scheduled balances.

	Scheduled Principal Balance:	$113,657,605.62
	Number of Mortgage Loans:	450
	Average Scheduled Principal Balance:	$252,572.46
	Weighted Average Gross Coupon:	7.862%
	Weighted Average Original Credit Score:	634
	Weighted Average Original LTV Ratio²:	81.45%
	Weighted Average Combined LTV Ratio²:	92.25%
	Weighted Average Stated Remaining Term (months):	357
	Weighted Average Original Term (months):	360
	Weighted Average Roll Term¹ (months):	28
	Weighted Average Gross Margin¹:	5.860%
	Weighted Average Initial Rate Cap¹:	1.497%
	Weighted Average Periodic Rate Cap¹:	1.140%
	Interest Only Loans:	100.00%
	Silent Seconds:	55.95%

(1)	Includes adjustable-rate Mortgage Loans only.

(2)

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Product Type

Product Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
2YR-ARM 10YR-IO		3	$	551,550.00		0.49	%	$	183,850.00		626		80.55	%		7.871	%
2YR-ARM 2YR-IO		4		726,900.00		0.64			181,725.00		632		83.96			9.495
2YR-ARM 5YR-IO		336		86,301,188.71		75.93			256,848.78		634		81.07			7.866
30 Fixed 10YR-IO		1		292,000.00		0.26			292,000.00		630		80.00			6.625
30 Fixed 5YR-IO		16		3,386,910.63		2.98			211,681.91		642		82.48			8.402
3YR-ARM 3YR-IO		1		173,600.00		0.15			173,600.00		625		80.00			6.750
3YR-ARM 5YR-IO		62		14,645,511.29		12.89			236,217.92		633		82.96			7.775
5YR-ARM 10YR-IO		2		499,000.00		0.44			249,500.00		639		93.33			8.797
5YR-ARM 5YR-IO		25		7,080,944.99		6.23			283,237.80		636		81.50			7.570
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Current Gross Mortgage Rate

Current Gross Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
5.501—6.000		3	$	1,079,799.99		0.95	%	$	359,933.33		643		68.08	%		5.761	%
6.001—6.500		15		5,551,270.82		4.88			370,084.72		653		80.69			6.258
6.501—7.000		48		14,368,702.87		12.64			299,347.98		633		78.78			6.822
7.001—7.500		72		19,346,102.26		17.02			268,695.86		637		79.92			7.296
7.501—8.000		120		29,518,733.57		25.97			245,989.45		634		80.26			7.800
8.001—8.500		83		19,639,327.74		17.28			236,618.41		631		82.52			8.300
8.501—9.000		67		15,791,915.47		13.89			235,700.23		629		85.18			8.803
9.001—9.500		22		4,482,808.23		3.94			203,764.01		638		84.82			9.302
9.501—10.000		11		1,987,743.00		1.75			180,703.91		613		83.64			9.747
10.001—10.500		6		1,279,727.51		1.13			213,287.92		642		93.85			10.351
10.501—11.000		2		345,474.16		0.30			172,737.08		627		90.00			10.758
11.501—12.000		1		266,000.00		0.23			266,000.00		584		95.00			11.600
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Original Principal Balance

Original Mortgage Loan Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
50,000.01—100,000.00		14	$	1,243,204.47		1.09	%	$	88,800.32		625		78.06	%		8.575	%
100,000.01—150,000.00		84		10,777,662.50		9.48			128,305.51		628		80.00			8.160
150,000.01—200,000.00		95		16,689,223.41		14.68			175,676.04		632		81.19			8.104
200,000.01—250,000.00		73		16,401,480.18		14.43			224,677.81		626		83.41			8.012
250,000.01—300,000.00		49		13,451,457.56		11.84			274,519.54		631		81.00			7.926
300,000.01—350,000.00		43		13,735,316.09		12.08			319,425.96		641		81.71			7.787
350,000.01—400,000.00		29		10,764,637.99		9.47			371,194.41		640		83.66			7.953
400,000.01—450,000.00		27		11,556,197.30		10.17			428,007.31		641		79.31			7.342
450,000.01—500,000.00		13		6,223,907.03		5.48			478,762.08		627		80.88			7.707
500,000.01—550,000.00		13		6,781,486.34		5.97			521,652.80		632		81.00			7.706
550,000.01—600,000.00		8		4,657,204.42		4.10			582,150.55		647		82.32			7.592
650,000.01—700,000.00		1		664,000.00		0.58			664,000.00		668		80.00			6.440
700,000.01—750,000.00		1		711,828.33		0.63			711,828.33		626		80.00			6.140
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Current Unpaid Principal Balance

Current Unpaid Principal Balance ($)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
50,000.01—100,000.00		14	$	1,243,204.47		1.09	%	$	88,800.32		625		78.06	%		8.575	%
100,000.01—150,000.00		84		10,777,662.50		9.48			128,305.51		628		80.00			8.160
150,000.01—200,000.00		95		16,689,223.41		14.68			175,676.04		632		81.19			8.104
200,000.01—250,000.00		73		16,401,480.18		14.43			224,677.81		626		83.41			8.012
250,000.01—300,000.00		49		13,451,457.56		11.84			274,519.54		631		81.00			7.926
300,000.01—350,000.00		43		13,735,316.09		12.08			319,425.96		641		81.71			7.787
350,000.01—400,000.00		29		10,764,637.99		9.47			371,194.41		640		83.66			7.953
400,000.01—450,000.00		27		11,556,197.30		10.17			428,007.31		641		79.31			7.342
450,000.01—500,000.00		13		6,223,907.03		5.48			478,762.08		627		80.88			7.707
500,000.01—550,000.00		13		6,781,486.34		5.97			521,652.80		632		81.00			7.706
550,000.01—600,000.00		8		4,657,204.42		4.10			582,150.55		647		82.32			7.592
650,000.01—700,000.00		1		664,000.00		0.58			664,000.00		668		80.00			6.440
700,000.01—750,000.00		1		711,828.33		0.63			711,828.33		626		80.00			6.140
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Remaining Term to Maturity

Remaining Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Original Term to Maturity

Original Term (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
301—360		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Original Loan-to-Value Ratio

Original Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
40.01—45.00		1	$	75,100.00		0.07	%	$	75,100.00		524		41.26	%		9.310	%
45.01—50.00		2		674,949.69		0.59			337,474.85		585		45.95			7.734
50.01—55.00		3		879,999.99		0.77			293,333.33		622		52.05			6.383
55.01—60.00		5		994,874.38		0.88			198,974.88		615		56.92			7.159
60.01—65.00		5		1,270,199.87		1.12			254,039.97		615		61.77			7.637
65.01—70.00		13		2,802,035.65		2.47			215,541.20		615		68.21			7.570
70.01—75.00		23		5,251,038.95		4.62			228,306.04		618		74.12			7.666
75.01—80.00		283		72,029,225.59		63.37			254,520.23		639		79.93			7.778
80.01—85.00		16		4,120,753.58		3.63			257,547.10		633		84.28			7.476
85.01—90.00		58		15,119,823.11		13.30			260,686.61		630		89.58			7.911
90.01—95.00		28		7,404,407.95		6.51			264,443.14		624		94.45			8.788
95.01—100.00		13		3,035,196.86		2.67			233,476.68		636		100.00			9.220
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Combined Loan-to-Value Ratio

Combined Loan-to-Value Ratio (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
40.01—45.00		1	$	75,100.00		0.07	%	$	75,100.00		524		41.26	%		9.310	%
45.01—50.00		2		674,949.69		0.59			337,474.85		585		45.95			7.734
50.01—55.00		3		879,999.99		0.77			293,333.33		622		52.05			6.383
55.01—60.00		5		994,874.38		0.88			198,974.88		615		56.92			7.159
60.01—65.00		5		1,270,199.87		1.12			254,039.97		615		61.77			7.637
65.01—70.00		12		2,682,035.65		2.36			223,502.97		615		68.31			7.540
70.01—75.00		20		4,503,070.79		3.96			225,153.54		619		74.24			7.683
75.01—80.00		36		9,539,409.17		8.39			264,983.59		624		79.76			7.286
80.01—85.00		18		5,100,863.83		4.49			283,381.32		640		82.96			7.325
85.01—90.00		60		15,525,891.27		13.66			258,764.85		631		89.10			7.897
90.01—95.00		44		11,838,335.67		10.42			269,053.08		632		89.04			8.348
95.01—100.00		244		60,572,875.31		53.29			248,249.49		639		80.95			7.958
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by State

State	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
CA		109	$	37,986,482.66		33.42	%	$	348,499.84		639		80.39	%		7.412	%
FL		60		13,880,940.40		12.21			231,349.01		635		80.40			8.130
AZ		52		11,345,758.63		9.98			218,187.67		632		81.49			7.827
MD		22		6,103,298.84		5.37			277,422.67		623		76.03			7.681
NY		10		4,394,724.84		3.87			439,472.48		650		83.52			7.686
TX		19		3,828,358.73		3.37			201,492.56		627		83.82			8.595
VA		11		2,801,171.20		2.46			254,651.93		622		81.39			7.890
NJ		9		2,687,535.28		2.36			298,615.03		631		86.78			8.535
WA		12		2,649,220.00		2.33			220,768.33		628		82.00			7.715
MN		13		2,400,956.59		2.11			184,688.97		646		85.25			8.458
CO		11		1,986,830.00		1.75			180,620.91		635		81.18			8.001
MI		11		1,908,415.16		1.68			173,492.29		637		80.80			8.608
IL		9		1,807,919.97		1.59			200,880.00		640		87.01			8.559
OR		10		1,659,491.99		1.46			165,949.20		625		86.01			7.921
NV		7		1,638,099.06		1.44			234,014.15		634		79.03			7.285
Other		85		16,578,402.27		14.59			195,040.03		626		83.43			8.330
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Occupancy Type

Occupancy	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Investment Property		1	$	166,500.00		0.15	%	$	166,500.00		636		90.00	%		8.490	%
Primary Residence		449		113,491,105.62		99.85			252,764.16		634		81.44			7.861
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Property Type

Property Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Single Family (Detached)		305	$	75,921,076.39		66.80	%	$	248,921.56		632		81.18	%		7.762	%
Detached PUD		72		18,995,131.76		16.71			263,821.27		631		81.96			8.029
Condo Under 5 Stories		36		9,184,906.92		8.08			255,136.30		646		83.10			8.083
Multifamily		17		5,619,695.05		4.94			330,570.30		650		80.88			7.951
Attached PUD		10		2,069,047.51		1.82			206,904.75		639		80.39			8.427
Townhouse/Rowhouse		6		1,046,647.99		0.92			174,441.33		627		83.98			7.781
Single Family Detached—Site Condo		1		394,000.00		0.35			394,000.00		659		80.00			8.875
Condo Over 8 Stories		1		189,900.00		0.17			189,900.00		616		90.00			9.750
Leasehold		1		131,000.00		0.12			131,000.00		582		58.22			7.875
Mid-Rise Condo (5-8 Stories)		1		106,200.00		0.09			106,200.00		674		84.96			7.850
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Loan Purpose

Loan Purpose	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Purchase		225	$	55,696,111.34		49.00	%	$	247,538.27		637		81.77	%		8.028	%
Cash Out		160		43,725,158.59		38.47			273,282.24		630		81.11			7.660
Rate/Term		65		14,236,335.69		12.53			219,020.55		634		81.24			7.829
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Documentation Type

Documentation Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fast App		26	$	8,637,818.33		7.60	%	$	332,223.78		627		82.29	%		7.574	%
Full Documentation		254		60,380,045.19		53.12			237,716.71		625		81.08			7.606
Lite Documentation		4		1,043,960.00		0.92			260,990.00		613		87.15			8.421
Stated Documentation		166		43,595,782.10		38.36			262,625.19		648		81.65			8.259
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Credit Score

Credit Score Range	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
501—525		1	$	75,100.00		0.07	%	$	75,100.00		524		41.26	%		9.310	%
551—575		7		1,372,769.69		1.21			196,109.96		570		73.78			8.579
576—600		60		14,806,726.13		13.03			246,778.77		589		79.66			8.054
601—625		127		30,187,784.29		26.56			237,699.09		614		81.89			7.893
626—650		138		35,864,520.26		31.55			259,887.83		639		81.89			7.851
651—675		74		19,162,694.43		16.86			258,955.33		662		81.38			7.757
676—700		43		12,188,010.82		10.72			283,442.11		686		82.45			7.655
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Original Prepayment Penalty Term

Prepayment Penalty Terms (months)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
0		77	$	19,767,470.76		17.39	%	$	256,720.40		632		82.06	%		8.379	%
12		26		8,007,998.54		7.05			307,999.94		633		81.06			8.015
24		256		63,417,855.30		55.80			247,726.00		633		81.36			7.744
36		89		22,108,361.02		19.45			248,408.55		639		81.32			7.683
60		2		355,920.00		0.31			177,960.00		610		80.00			7.634
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Initial Interest Rate Cap

Initial Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		17	$	3,678,910.63		3.24	%	$	216,406.51		641		82.28	%		8.261	%
1.000		3		573,599.33		0.50			191,199.78		623		80.00			8.420
1.500		430		109,405,095.66		96.26			254,430.46		634		81.43			7.845
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Periodic Interest Rate Cap

Periodic Cap (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		17	$	3,678,910.63		3.24	%	$	216,406.51		641		82.28	%		8.261	%
1.000		326		79,271,614.54		69.75			243,164.46		634		81.24			7.920
1.500		107		30,707,080.45		27.02			286,982.06		633		81.89			7.664
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Gross Margin

ARM Margin (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		17	$	3,678,910.63		3.24	%	$	216,406.51		641		82.28	%		8.261	%
3.001—4.000		10		2,610,833.29		2.30			261,083.33		634		75.71			6.816
4.001—5.000		61		16,058,087.89		14.13			263,247.34		638		78.50			7.378
5.001—6.000		156		37,618,462.45		33.10			241,143.99		627		81.59			7.877
6.001—7.000		176		46,794,549.09		41.17			265,878.12		637		82.09			7.853
7.001—8.000		26		6,283,172.89		5.53			241,660.50		633		85.41			9.093
8.001—9.000		4		613,589.38		0.54			153,397.35		657		80.00			9.655
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Maximum Mortgage Rate

Maximum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		17	$	3,678,910.63		3.24	%	$	216,406.51		641		82.28	%		8.261	%
11.001—12.000		1		305,800.00		0.27			305,800.00		671		79.43			5.890
12.001—13.000		34		10,993,595.05		9.67			323,341.03		645		77.78			6.613
13.001—14.000		139		36,648,222.01		32.24			263,656.27		629		79.76			7.421
14.001—15.000		164		40,514,289.54		35.65			247,038.35		636		82.05			7.998
15.001—16.000		79		17,525,714.73		15.42			221,844.49		630		84.37			8.729
16.001—17.000		12		3,226,599.50		2.84			268,883.29		641		86.57			9.681
17.001—18.000		3		498,474.16		0.44			166,158.05		622		90.00			10.663
18.001—19.000		1		266,000.00		0.23			266,000.00		584		95.00			11.600
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Minimum Mortgage Rate

Minimum Mortgage Rate (%)	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		17	$	3,678,910.63		3.24	%	$	216,406.51		641		82.28	%		8.261	%
3.001—4.000		4		904,134.23		0.80			226,033.56		613		63.81			6.931
4.001—5.000		35		8,592,379.93		7.56			245,496.57		628		77.42			7.755
5.001—6.000		43		9,741,362.99		8.57			226,543.33		624		82.57			8.246
6.001—7.000		70		20,892,789.46		18.38			298,468.42		638		80.38			6.870
7.001—8.000		153		40,181,472.13		35.35			262,624.00		637		81.23			7.647
8.001—9.000		102		24,147,423.21		21.25			236,739.44		631		83.32			8.508
9.001—10.000		20		4,310,931.37		3.79			215,546.57		633		84.10			9.436
10.001—11.000		5		942,201.67		0.83			188,440.33		650		89.61			10.484
11.001—12.000		1		266,000.00		0.23			266,000.00		584		95.00			11.600
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1

Asset Backed Pass-Through Certificates

January 10, 2007

The Mortgage Loans (Interest Only Collateral)

Distribution by Month of Initial Rate Adjustment

Month of Initial Interest Rate Adjustment	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
Fixed Rate		17	$	3,678,910.63		3.24	%	$	216,406.51		641		82.28	%		8.261	%
June 2008		2		466,400.00		0.41			233,200.00		631		74.79			7.732
July 2008		16		4,322,284.97		3.80			270,142.81		621		81.35			8.440
August 2008		38		10,279,283.17		9.04			270,507.45		637		80.84			7.797
September 2008		44		9,962,912.90		8.77			226,429.84		640		79.67			8.233
October 2008		214		55,405,397.67		48.75			258,903.73		633		81.53			7.748
November 2008		29		7,143,360.00		6.28			246,322.76		628		80.32			8.198
May 2009		1		84,000.00		0.07			84,000.00		633		80.00			9.325
August 2009		20		6,169,495.92		5.43			308,474.80		635		79.98			7.159
September 2009		3		876,499.98		0.77			292,166.66		637		82.49			9.265
October 2009		34		6,754,292.23		5.94			198,655.65		632		84.99			8.078
November 2009		5		934,823.16		0.82			186,964.63		621		88.20			7.923
September 2011		4		1,342,950.00		1.18			335,737.50		643		78.87			7.969
October 2011		23		6,236,994.99		5.49			271,173.70		635		83.01			7.583
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Distribution by Lien Type

Lien Type	Number of Mortgage Loans		Principal Balance		Percentage of Principal Balance			Average Principal Balance		Weighted Average Credit Score		Weighted Average Original Loan- to-Value Ratio			Weighted Average Gross Coupon
1		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%
Total:		450	$	113,657,605.62		100.00	%	$	252,572.46		634		81.45	%		7.862	%

Carrington Mortgage Loan Trust, Series 2007-RFC1 Inactive FWPFree writing prospectus