Carrington Mortgage Loan Trust, Series 2007-FRE1 FWP Free writing prospectus

Filed Pursuant to Rule 433

Registration No. 333-139507

Carrington Mortgage Loan Trust, Series 2007-FRE1

Asset-Backed Pass-Through Certificates

Stanwich Asset Acceptance Company, L.L.C.

Depositor

Carrington Securities, LP

Sponsor

Fremont Investment & Loan

Originator and Servicer

Wells Fargo Bank, N.A.

Trustee

Bear, Stearns & Co. Inc.

Lead Manager

J.P. Morgan Securities Inc.

Co-Manager

Carrington Investment Services, LLC

Selected Dealer

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 1-866-803-9204.

2007-FRE1
Carrington Capital Management, LLC
Aggregate

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 4,183
Aggregate Principal Balance ($): 1,073,327,358
Weighted Average Current Mortgage Rate (%): 8.133
Weighted Average Margin (%): 5.649
Weighted Average Maximum Rate (%): 14.210
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 359
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 82.56
% First Liens: 98.60
% Owner Occupied: 94.03
% Purchase: 24.72
% Full Documentation: 61.41
Non-Zero Weighted Average FICO Score: 608

2. Product Type

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                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                4             $176,663.69                  0.02%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                               34            2,862,622.88                   0.27        8.372            177            78.78            78.78          593        36.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                6            1,000,336.70                   0.09        7.806            238            75.83            75.83          631        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               815          170,944,364.11                  15.93        8.928            357            78.39            81.85          581        40.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         67           25,046,886.00                   2.33        6.834            357            80.15            83.64          647        41.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              673          105,842,117.19                   9.86        8.077            357            78.44            79.74          622        39.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               447           95,997,814.38                   8.94        8.716            357            77.87            81.88          592        39.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                         41           16,979,852.00                   1.58        6.429            357            81.53            83.59          646        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         55           21,256,386.00                   1.98        6.544            357            80.68            86.00          648        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                         174           48,399,212.80                   4.51        8.305            357            78.29            82.21          599        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                         139           44,495,787.27                   4.15        7.846            357            83.11            83.60          614        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                           107           29,866,830.58                   2.78        7.255            357            80.59            80.86          632        43.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                       1,043          325,446,598.18                  30.32        8.147            357            80.90            83.73          609        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         394          128,656,029.01                  11.99        7.952            357            81.99            83.44          612        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           6            1,984,871.44                   0.18        8.539            357            79.33            79.33          598        38.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                           161           48,835,674.01                   4.55        7.365            357            79.18            80.99          633        41.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                10            3,086,911.78                   0.29        7.661            357            78.92            79.44          605        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM 5YR-IO                                                          7            2,448,400.00                   0.23        6.312            358            81.77            81.77          666        41.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          10           $4,346,122.97                  0.40%       5.436%            357           80.04%           86.00%          665       42.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          66           25,251,931.95                   2.35        5.883            357            77.37            78.76          653        41.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         243           87,245,155.26                   8.13        6.343            357            77.49            79.25          651        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         456          154,418,492.26                  14.39        6.841            357            79.21            81.71          636        40.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         398          122,885,877.43                  11.45        7.332            357            80.21            82.81          629        40.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         538          158,491,807.67                  14.77        7.802            355            79.76            83.07          614        41.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         470          126,602,930.06                  11.80        8.324            357            81.77            84.73          604        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         609          149,442,863.66                  13.92        8.807            357            81.94            84.85          591        41.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         396           91,510,869.79                   8.53        9.295            357            80.94            83.67          579        41.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        409           77,282,111.07                   7.20        9.791            356            80.39            82.60          566        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                       176           27,673,794.94                   2.58       10.294            357            77.76            80.20          561        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                       143           19,924,958.13                   1.86       10.782            355            77.31            77.80          557        40.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                       140           12,632,078.00                   1.18       11.349            356            82.20            82.79          584        39.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        67            7,918,079.28                   0.74       11.757            355            71.75            72.29          557        40.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        43            5,095,657.53                   0.47       12.331            356            70.45            70.45          563        36.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        18            2,478,709.21                   0.23       12.725            354            67.11            67.11          553        41.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.01       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.250%
Maximum: 13.325%
Weighted Average: 8.133%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                      136           $4,595,611.81                  0.43%      10.979%            335           95.49%           95.49%          637       34.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                515           40,529,452.37                   3.78        9.588            355            81.93            84.81          599        37.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               653           81,788,201.13                   7.62        8.938            356            78.36            82.09          596        38.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               657          114,623,204.10                  10.68        8.454            356            77.71            80.42          600        39.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               528          118,931,030.89                  11.08        8.310            357            78.62            80.99          597        40.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                               385          106,005,794.27                   9.88        8.204            357            78.53            81.37          604        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                               300           97,753,174.06                   9.11        7.944            357            79.71            82.06          611        41.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                               272          102,005,860.75                   9.50        7.827            357            81.03            84.13          614        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                               178           75,360,817.08                   7.02        7.953            357            80.71            83.27          613        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                               142           67,734,070.80                   6.31        7.816            357            80.77            82.87          612        43.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                               131           68,698,878.89                   6.40        7.832            357            82.21            84.17          614        42.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                93           53,555,563.62                   4.99        7.774            355            82.26            84.21          617        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                57           35,606,097.67                   3.32        7.743            354            82.11            83.95          618        41.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                48           32,443,009.49                   3.02        7.753            357            81.95            84.81          616        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                32           23,311,690.12                   2.17        7.637            357            82.73            84.16          620        44.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                31           24,539,431.18                   2.29        7.930            357            78.19            79.99          611        42.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
800,000.01 - 850,000.00                                                 2            1,686,105.61                   0.16        6.350            358            79.41            79.41          639        47.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
850,000.01 - 900,000.00                                                 3            2,631,829.43                   0.25        6.785            357            78.70            78.70          622        35.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
900,000.01 - 950,000.00                                                 2            1,836,043.68                   0.17        6.623            357            78.74            87.63          642        42.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               6            5,886,736.30                   0.55        6.800            357            77.12            82.95          648        47.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                  12           13,804,754.77                   1.29        6.752            357            76.68            80.13          655        37.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $1,359,462.13
Weighted Average: $256,592.72

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.02%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              34            2,862,622.88                   0.27        8.372            177            78.78            78.78          593        36.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               6            1,000,336.70                   0.09        7.806            238            75.83            75.83          631        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           4,139        1,069,287,734.75                  99.62        8.132            357            79.98            82.57          608        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 359 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.02%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              34            2,862,622.88                   0.27        8.372            177            78.78            78.78          593        36.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               6            1,000,336.70                   0.09        7.806            238            75.83            75.83          631        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           4,139        1,069,287,734.75                  99.62        8.132            357            79.98            82.57          608        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           3             $235,701.82                  0.02%       8.636%            357           17.08%           17.08%          613       28.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           3              354,428.18                   0.03        7.289            358            22.99            22.99          615        42.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           6              710,397.87                   0.07        9.091            357            28.59            28.59          566        38.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           9            1,585,229.71                   0.15        8.814            357            32.09            32.09          568        38.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                          15            2,901,589.20                   0.27        7.678            357            37.65            37.65          590        40.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                          29            5,856,715.69                   0.55        8.007            358            43.37            43.37          599        37.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          56           10,544,133.14                   0.98        8.230            355            47.58            47.58          604        39.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          62           13,163,581.88                   1.23        8.468            357            52.38            52.38          586        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          82           18,117,753.19                   1.69        7.966            356            58.05            58.05          597        39.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                         191           48,785,155.49                   4.55        8.235            356            63.43            63.43          598        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                         254           61,686,302.66                   5.75        8.514            357            68.84            68.84          589        40.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                         340           92,508,729.12                   8.62        8.256            357            73.97            73.97          590        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         957          272,781,741.44                  25.41        8.116            356            79.48            79.50          597        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                         423          124,595,350.74                  11.61        7.749            357            84.07            84.41          611        41.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         700          210,318,374.08                  19.59        7.938            357            89.37            89.68          621        41.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                         168           42,682,786.92                   3.98        8.199            357            91.15            94.64          620        43.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        885          166,499,386.89                  15.51        8.423            356            84.86            99.91          631        40.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 16.29%
Maximum: 100.00%
Weighted Average: 82.56%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            985         $188,584,245.05                 17.57%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           4            1,578,035.47                   0.15        5.323            357            83.93            87.61          651        43.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                          40           15,562,791.87                   1.45        5.739            357            78.44            81.76          656        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                         107           42,821,059.84                   3.99        6.184            357            77.96            80.18          651        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                         213           78,700,663.11                   7.33        6.704            357            79.98            83.46          640        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                         319          112,596,000.23                  10.49        7.198            357            80.02            82.63          628        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         462          138,941,625.82                  12.94        7.750            357            80.33            83.44          617        40.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         463          128,609,858.82                  11.98        8.269            357            81.08            84.13          603        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         518          130,277,656.60                  12.14        8.697            357            82.06            85.03          592        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                       1,072          235,655,421.21                  21.96        9.718            357            79.24            81.79          570        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.863%
Maximum: 6.990%
Non-Zero Weighted Average: 5.649%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            985         $188,584,245.05                 17.57%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          10            4,346,122.97                   0.40        5.436            357            80.04            86.00          665        42.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          59           23,133,798.84                   2.16        5.874            357            78.11            79.63          652        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         129           51,124,463.89                   4.76        6.322            357            78.80            81.25          647        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         282          104,430,749.84                   9.73        6.851            357            80.00            83.12          636        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         300          100,297,978.91                   9.34        7.334            357            80.60            83.56          628        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         445          136,579,816.14                  12.72        7.799            357            80.02            83.57          615        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         415          115,934,000.48                  10.80        8.322            357            81.96            85.06          603        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         542          138,719,355.22                  12.92        8.806            357            82.27            85.24          591        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         364           85,938,532.73                   8.01        9.296            357            81.17            83.79          579        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        322           69,339,757.22                   6.46        9.786            357            80.17            82.49          564        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                       121           21,695,913.24                   2.02       10.302            357            76.42            79.26          552        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        80           14,042,749.93                   1.31       10.766            357            73.49            74.13          539        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        52            7,078,224.05                   0.66       11.308            357            69.39            70.36          540        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        39            5,863,668.74                   0.55       11.768            357            64.11            64.84          539        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        29            4,099,092.94                   0.38       12.325            357            63.31            63.31          550        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         9            2,118,887.83                   0.20       12.717            357            62.33            62.33          541        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.250%
Maximum: 12.800%
Non-Zero Weighted Average: 8.210%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            985         $188,584,245.05                 17.57%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        10            4,346,122.97                   0.40        5.436            357            80.04            86.00          665        42.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        59           23,133,798.84                   2.16        5.874            357            78.11            79.63          652        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                       129           51,124,463.89                   4.76        6.322            357            78.80            81.25          647        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                       282          104,430,749.84                   9.73        6.851            357            80.00            83.12          636        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                       300          100,297,978.91                   9.34        7.334            357            80.60            83.56          628        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       445          136,579,816.14                  12.72        7.799            357            80.02            83.57          615        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       415          115,934,000.48                  10.80        8.322            357            81.96            85.06          603        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       542          138,719,355.22                  12.92        8.806            357            82.27            85.24          591        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       364           85,938,532.73                   8.01        9.296            357            81.17            83.79          579        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       322           69,339,757.22                   6.46        9.786            357            80.17            82.49          564        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                       121           21,695,913.24                   2.02       10.302            357            76.42            79.26          552        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        80           14,042,749.93                   1.31       10.766            357            73.49            74.13          539        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        52            7,078,224.05                   0.66       11.308            357            69.39            70.36          540        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                        39            5,863,668.74                   0.55       11.768            357            64.11            64.84          539        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                        29            4,099,092.94                   0.38       12.325            357            63.31            63.31          550        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         9            2,118,887.83                   0.20       12.717            357            62.33            62.33          541        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.250%
Maximum: 18.800%
Non-Zero Weighted Average: 14.210%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            985         $188,584,245.05                 17.57%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               3,198          884,743,112.97                  82.43        8.210            357            80.19            83.05          605        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            985         $188,584,245.05                 17.57%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               3,198          884,743,112.97                  82.43        8.210            357            80.19            83.05          605        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            985         $188,584,245.05                 17.57%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2008                                                           1              154,557.78                   0.01        8.300            346            80.00           100.00          594        46.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April, 2008                                                             1              172,252.85                   0.02        8.100            349            80.00           100.00          603        50.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
May, 2008                                                               1              181,600.00                   0.02        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.01        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              7            1,022,278.03                   0.10        8.857            352            79.47            92.42          643        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            2              257,361.48                   0.02        7.652            353            80.00           100.00          654        49.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        29            6,690,568.56                   0.62        9.136            354            78.40            84.17          586        42.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          53           15,894,606.54                   1.48        8.491            355            79.24            84.36          591        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                        140           43,793,268.86                   4.08        8.418            356            80.06            82.58          590        43.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                      1,150          312,672,359.10                  29.13        8.401            357            80.18            83.58          603        40.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         714          188,871,480.87                  17.60        8.169            358            79.49            81.95          603        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         3              958,026.51                   0.09        7.122            354            81.55            97.67          642        42.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                          26            7,849,432.34                   0.73        9.283            355            77.01            80.09          578        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         78           26,566,792.20                   2.48        8.088            356            79.49            81.88          610        39.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        613          173,103,071.86                  16.13        7.981            357            81.03            83.59          613        41.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                         356           98,908,545.75                   9.22        7.897            358            80.88            82.85          609        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                         13            4,913,912.48                   0.46        7.557            357            80.71            81.03          622        37.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                          10            2,606,270.74                   0.24        7.258            358            78.54            78.54          624        40.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AK                                                                      2             $475,096.44                  0.04%       8.325%            357           80.00%           80.00%          558       34.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      9              847,274.71                   0.08        9.808            357            84.75            87.39          589        36.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      7            1,016,385.66                   0.09        7.915            357            85.94            85.94          598        37.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     90           20,513,088.25                   1.91        8.196            357            81.45            83.38          607        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    706          270,238,944.29                  25.18        7.587            356            79.21            81.45          621        41.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     45            9,792,521.27                   0.91        8.121            357            82.21            86.99          617        42.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     71           16,674,623.40                   1.55        8.260            357            81.01            81.73          600        39.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                     31            9,032,099.28                   0.84        8.242            357            76.00            78.12          585        38.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                     16            3,249,208.77                   0.30        7.845            357            81.88            81.88          607        37.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    536          118,771,146.45                  11.07        8.395            357            79.58            82.33          600        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                    122           21,495,507.57                   2.00        8.489            356            83.13            87.98          607        41.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     34           13,558,330.31                   1.26        7.943            357            81.09            84.32          619        41.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      4              583,618.20                   0.05        8.827            357            81.30            81.30          580        42.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                     20            3,093,403.62                   0.29        8.085            349            84.42            87.37          620        38.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                    225           44,520,211.08                   4.15        8.612            357            80.33            84.72          609        41.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     35            3,416,738.62                   0.32        9.287            357            84.69            88.25          601        40.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                     15            2,274,459.85                   0.21        9.436            357            82.83            85.63          570        38.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      9            1,998,806.23                   0.19        7.819            357            84.71            85.92          630        39.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                    169           44,265,894.90                   4.12        8.395            357            80.09            82.90          610        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                    344           87,434,452.54                   8.15        8.221            357            80.49            82.19          597        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      7              719,756.12                   0.07        9.613            357            75.16            77.45          564        43.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                     23            3,331,359.76                   0.31        8.852            357            80.38            81.49          565        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     41            8,310,064.47                   0.77        8.427            357            85.34            89.47          602        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                     23            2,172,870.48                   0.20        9.180            355            84.93            92.09          613        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     77           12,853,835.12                   1.20        8.645            357            83.24            88.13          601        38.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      3              319,857.86                   0.03        9.668            357            90.50            92.75          573        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                     17            3,244,611.03                   0.30        8.285            357            80.72            80.72          608        40.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                    215           63,667,532.32                   5.93        8.578            356            79.13            80.88          603        41.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                     23            4,238,413.07                   0.39        8.494            353            78.26            83.66          612        40.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     33            9,113,817.11                   0.85        8.254            357            80.79            86.85          603        42.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    389          148,258,629.52                  13.81        7.987            357            78.56            80.74          613        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     39            4,292,195.88                   0.40        8.616            355            84.95            90.83          611        37.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      9            1,237,218.53                   0.12        8.257            345            84.52            85.78          595        41.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                     29            5,199,951.71                   0.48        8.124            357            84.82            86.91          614        37.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                    123           16,760,128.39                   1.56        8.839            357            80.61            82.55          592        38.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     37            8,317,926.56                   0.77        8.302            357            79.56            85.98          607        41.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     34            5,214,997.15                   0.49        8.705            354            82.88            85.78          597        35.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     38            4,575,905.71                   0.43        8.920            357            84.77            88.26          600        34.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                    217           33,237,008.38                   3.10        8.066            354            79.66            83.43          606        39.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                     17            3,220,851.06                   0.30        8.392            357            83.56            88.22          607        38.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                    141           32,062,163.23                   2.99        8.541            357            79.59            81.45          592        40.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      3              505,961.41                   0.05        7.782            357            80.91            85.77          667        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     69           17,845,103.25                   1.66        7.813            357            82.37            84.61          603        42.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     80           10,563,056.68                   0.98        8.616            357            85.21            89.05          607        38.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      5              717,838.67                   0.07        9.181            357            68.77            68.77          572        39.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WY                                                                      1               94,493.11                   0.01       12.150            357            70.00            70.00          547        35.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 46

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                   268          $55,344,534.27                  5.16%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      3,880        1,009,215,751.17                  94.03        8.096            357            80.11            82.64          608        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            35            8,767,072.58                   0.82        8.367            357            80.47            81.67          609        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       3,420         $854,789,735.66                 79.64%       8.109%            357           80.16%           82.64%          607       40.69%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          562          178,009,591.04                  16.58        8.155            357            78.82            81.51          615        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                 200           40,375,394.07                   3.76        8.517            356            81.29            85.44          612        40.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.01        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                            2,862         $777,481,958.63                 72.44%       8.040%            357           78.53%           79.20%          604       41.18%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                            1,207          265,336,995.74                  24.72        8.419            357            84.15            92.50          621        40.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                             114           30,508,403.65                   2.84        7.998            354            80.57            81.64          607        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                  2,697         $659,177,305.95                 61.41%       7.852%            356           80.56%           82.60%          605       40.46%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  51           14,475,844.80                   1.35        7.958            357            81.30            84.27          608        39.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                1,435          399,674,207.27                  37.24        8.602            357            78.97            82.43          614        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                   1,414         $322,736,002.80                 30.07%       8.525%            356           80.16%           82.59%          603       41.11%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    575          199,228,330.29                  18.56        7.975            357            79.80            82.26          615        42.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                  1,399          360,116,723.66                  33.55        8.234            357            80.31            83.17          602        40.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                     10            2,126,975.19                   0.20        8.763            358            84.95            84.95          591        35.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    785          189,119,326.08                  17.62        7.427            356            79.19            81.62          624        40.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0 months
Maximum: 36 months
Non-Zero Weighted Average: 24 months

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   3,933       $1,058,321,987.35                 98.60%       8.090%            357           79.70%           82.31%          608       41.07%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     250           15,005,370.67                   1.40       11.131            348            99.74            99.74          643        36.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              4             $808,048.30                  0.08%       9.846%            357           71.42%           71.42%          500       30.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                             277           58,847,310.06                   5.48        9.924            357            73.93            74.39          514        41.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                             357           80,968,078.55                   7.54        9.360            354            75.28            76.04          538        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             591          142,266,064.79                  13.25        8.806            357            78.36            79.87          562        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             549          138,430,236.70                  12.90        8.441            357            79.74            81.50          589        40.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             825          219,942,114.59                  20.49        7.918            357            81.52            83.70          612        41.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             828          215,990,585.65                  20.12        7.666            357            81.50            86.11          639        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             511          146,966,095.09                  13.69        7.237            357            81.79            85.48          662        40.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                             241           69,108,824.29                   6.44        7.192            356            81.01            83.97          686        39.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 699
Weighted Average: 608

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                          180          $35,867,002.75                  3.34%       8.142%            357           81.87%           83.95%          616       14.72%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                         138           26,731,217.42                   2.49        8.362            357            79.52            81.71          602        22.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                         271           59,351,804.04                   5.53        8.204            356            78.48            81.10          609        27.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         424           95,160,877.25                   8.87        8.088            355            78.83            81.21          608        32.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         698          172,037,892.11                  16.03        8.155            357            78.83            82.38          608        37.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         967          261,419,990.17                  24.36        8.164            357            79.68            82.16          608        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                       1,303          374,509,673.89                  34.89        8.069            357            81.18            83.17          610        47.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                         201           48,133,187.31                   4.48        8.247            357            79.34            84.51          594        52.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.00 - 59.99                                                           1              115,713.08                   0.01        7.000            357            64.44            64.44          628        55.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              4,183       $1,073,327,358.02                100.00%       8.133%            357           79.98%           82.56%          608       41.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 2.82%
Maximum: 55.00%
Weighted Average: 41.00%

2007-FRE1
Carrington Capital Management, LLC
Adjustable Rate Loans

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 3,198
Aggregate Principal Balance ($): 884,743,113
Weighted Average Current Mortgage Rate (%): 8.210
Weighted Average Margin (%): 5.649
Weighted Average Maximum Rate (%): 14.210
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 83.05
% First Liens: 100.00
% Owner Occupied: 93.44
% Purchase: 26.06
% Full Documentation: 58.21
Non-Zero Weighted Average FICO Score: 605

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               815         $170,944,364.11                 19.32%       8.928%            357           78.39%           81.85%          581       40.15%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         67           25,046,886.00                   2.83        6.834            357            80.15            83.64          647        41.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               447           95,997,814.38                  10.85        8.716            357            77.87            81.88          592        39.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                         41           16,979,852.00                   1.92        6.429            357            81.53            83.59          646        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         55           21,256,386.00                   2.40        6.544            357            80.68            86.00          648        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                         174           48,399,212.80                   5.47        8.305            357            78.29            82.21          599        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                         139           44,495,787.27                   5.03        7.846            357            83.11            83.60          614        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                       1,043          325,446,598.18                  36.78        8.147            357            80.90            83.73          609        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         394          128,656,029.01                  14.54        7.952            357            81.99            83.44          612        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           6            1,984,871.44                   0.22        8.539            357            79.33            79.33          598        38.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                10            3,086,911.78                   0.35        7.661            357            78.92            79.44          605        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM 5YR-IO                                                          7            2,448,400.00                   0.28        6.312            358            81.77            81.77          666        41.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          10           $4,346,122.97                  0.49%       5.436%            357           80.04%           86.00%          665       42.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          59           23,133,798.84                   2.61        5.874            357            78.11            79.63          652        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         129           51,124,463.89                   5.78        6.322            357            78.80            81.25          647        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         282          104,430,749.84                  11.80        6.851            357            80.00            83.12          636        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         300          100,297,978.91                  11.34        7.334            357            80.60            83.56          628        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         445          136,579,816.14                  15.44        7.799            357            80.02            83.57          615        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         415          116,321,848.78                  13.15        8.322            357            81.99            85.11          603        41.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         542          138,331,506.92                  15.64        8.807            357            82.24            85.20          591        41.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         364           85,938,532.73                   9.71        9.296            357            81.17            83.79          579        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        322           69,339,757.22                   7.84        9.786            357            80.17            82.49          564        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                       121           21,695,913.24                   2.45       10.302            357            76.42            79.26          552        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        80           14,042,749.93                   1.59       10.766            357            73.49            74.13          539        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        52            7,078,224.05                   0.80       11.308            357            69.39            70.36          540        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        39            5,863,668.74                   0.66       11.768            357            64.11            64.84          539        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        29            4,099,092.94                   0.46       12.325            357            63.31            63.31          550        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         9            2,118,887.83                   0.24       12.717            357            62.33            62.33          541        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.250%
Maximum: 12.800%
Weighted Average: 8.210%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        6             $299,755.32                  0.03%      10.892%            357           61.71%           61.71%          592       27.83%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                316           25,060,051.44                   2.83        9.477            357            78.91            82.67          584        37.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               490           61,601,719.86                   6.96        9.048            357            78.41            82.99          590        38.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               511           89,183,654.93                  10.08        8.652            357            78.30            81.60          593        40.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               438           99,105,114.04                  11.20        8.446            357            78.98            81.65          593        40.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                               317           87,128,335.46                   9.85        8.361            357            79.36            82.42          600        40.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                               253           82,434,296.22                   9.32        8.099            357            80.18            82.88          606        41.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                               223           83,728,288.86                   9.46        7.951            357            81.44            84.93          611        41.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                               154           65,220,376.16                   7.37        8.082            357            80.83            83.79          611        41.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                               121           57,733,146.43                   6.53        7.942            357            81.48            83.31          608        42.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                               114           59,839,206.41                   6.76        7.958            357            82.41            84.29          612        43.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                84           48,393,085.25                   5.47        7.809            357            82.41            84.57          617        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                53           33,125,399.93                   3.74        7.760            357            81.99            83.60          617        41.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                42           28,335,187.39                   3.20        7.792            357            82.34            85.01          614        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                27           19,681,600.04                   2.22        7.784            357            82.42            84.11          615        44.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                29           22,957,815.67                   2.59        8.016            357            78.07            79.99          610        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
800,000.01 - 850,000.00                                                 1              836,756.99                   0.09        5.700            358            85.00            85.00          638        49.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
850,000.01 - 900,000.00                                                 3            2,631,829.43                   0.30        6.785            357            78.70            78.70          622        35.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
900,000.01 - 950,000.00                                                 1              920,000.00                   0.10        5.500            357            80.00            97.74          698        48.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               5            4,929,181.67                   0.56        6.790            357            76.56            83.52          648        46.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                  10           11,598,311.47                   1.31        6.834            357            76.05            79.68          651        42.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $49,937.31
Maximum: $1,359,462.13
Weighted Average: $276,655.13

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 360 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 346 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           1              $49,973.99                  0.01%      12.450%            358           20.00%           20.00%          599       31.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           4              560,592.77                   0.06        9.155            357            29.02            29.02          566        37.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           8            1,445,359.77                   0.16        8.719            357            32.00            32.00          572        38.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           9            1,962,656.41                   0.22        7.372            357            37.85            37.85          587        42.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                          16            3,353,471.22                   0.38        8.601            358            43.43            43.43          582        36.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          37            6,545,430.36                   0.74        8.880            357            47.75            47.75          591        38.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          45           10,218,625.07                   1.15        8.566            357            52.48            52.48          582        43.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          58           12,933,421.94                   1.46        8.355            357            57.72            57.72          587        39.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                         137           38,266,917.74                   4.33        8.386            357            63.43            63.43          593        40.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                         214           51,928,781.31                   5.87        8.713            357            68.87            68.87          584        40.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                         257           72,589,687.34                   8.20        8.461            357            74.04            74.04          584        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         775          223,498,864.54                  25.26        8.281            357            79.51            79.53          592        40.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                         328          103,072,739.02                  11.65        7.821            357            84.07            84.42          608        42.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         590          183,020,210.11                  20.69        8.008            357            89.41            89.71          618        41.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                         128           35,404,031.72                   4.00        8.299            357            90.71            94.68          614        43.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        591          139,892,349.66                  15.81        8.181            357            83.49            99.91          629        40.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 20.00%
Maximum: 100.00%
Weighted Average: 83.05%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           4           $1,578,035.47                  0.18%       5.323%            357           83.93%           87.61%          651       43.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                          40           15,562,791.87                   1.76        5.739            357            78.44            81.76          656        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                         107           42,821,059.84                   4.84        6.184            357            77.96            80.18          651        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                         213           78,700,663.11                   8.90        6.704            357            79.98            83.46          640        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                         319          112,596,000.23                  12.73        7.198            357            80.02            82.63          628        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         462          138,941,625.82                  15.70        7.750            357            80.33            83.44          617        40.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         463          128,609,858.82                  14.54        8.269            357            81.08            84.13          603        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         518          130,277,656.60                  14.72        8.697            357            82.06            85.03          592        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                       1,072          235,655,421.21                  26.64        9.718            357            79.24            81.79          570        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.863%
Maximum: 6.990%
Non-Zero Weighted Average: 5.649%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          10           $4,346,122.97                  0.49%       5.436%            357           80.04%           86.00%          665       42.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          59           23,133,798.84                   2.61        5.874            357            78.11            79.63          652        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         129           51,124,463.89                   5.78        6.322            357            78.80            81.25          647        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         282          104,430,749.84                  11.80        6.851            357            80.00            83.12          636        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         300          100,297,978.91                  11.34        7.334            357            80.60            83.56          628        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         445          136,579,816.14                  15.44        7.799            357            80.02            83.57          615        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         415          115,934,000.48                  13.10        8.322            357            81.96            85.06          603        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         542          138,719,355.22                  15.68        8.806            357            82.27            85.24          591        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         364           85,938,532.73                   9.71        9.296            357            81.17            83.79          579        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        322           69,339,757.22                   7.84        9.786            357            80.17            82.49          564        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                       121           21,695,913.24                   2.45       10.302            357            76.42            79.26          552        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        80           14,042,749.93                   1.59       10.766            357            73.49            74.13          539        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        52            7,078,224.05                   0.80       11.308            357            69.39            70.36          540        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        39            5,863,668.74                   0.66       11.768            357            64.11            64.84          539        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        29            4,099,092.94                   0.46       12.325            357            63.31            63.31          550        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         9            2,118,887.83                   0.24       12.717            357            62.33            62.33          541        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.250%
Maximum: 12.800%
Non-Zero Weighted Average: 8.210%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        10           $4,346,122.97                  0.49%       5.436%            357           80.04%           86.00%          665       42.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        59           23,133,798.84                   2.61        5.874            357            78.11            79.63          652        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                       129           51,124,463.89                   5.78        6.322            357            78.80            81.25          647        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                       282          104,430,749.84                  11.80        6.851            357            80.00            83.12          636        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                       300          100,297,978.91                  11.34        7.334            357            80.60            83.56          628        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       445          136,579,816.14                  15.44        7.799            357            80.02            83.57          615        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       415          115,934,000.48                  13.10        8.322            357            81.96            85.06          603        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       542          138,719,355.22                  15.68        8.806            357            82.27            85.24          591        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       364           85,938,532.73                   9.71        9.296            357            81.17            83.79          579        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       322           69,339,757.22                   7.84        9.786            357            80.17            82.49          564        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                       121           21,695,913.24                   2.45       10.302            357            76.42            79.26          552        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        80           14,042,749.93                   1.59       10.766            357            73.49            74.13          539        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        52            7,078,224.05                   0.80       11.308            357            69.39            70.36          540        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                        39            5,863,668.74                   0.66       11.768            357            64.11            64.84          539        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                        29            4,099,092.94                   0.46       12.325            357            63.31            63.31          550        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         9            2,118,887.83                   0.24       12.717            357            62.33            62.33          541        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.250%
Maximum: 18.800%
Non-Zero Weighted Average: 14.210%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                              1             $154,557.78                  0.02%       8.300%            346           80.00%          100.00%          594       46.62%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April, 2008                                                             1              172,252.85                   0.02        8.100            349            80.00           100.00          603        50.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
May, 2008                                                               1              181,600.00                   0.02        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.01        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              7            1,022,278.03                   0.12        8.857            352            79.47            92.42          643        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            2              257,361.48                   0.03        7.652            353            80.00           100.00          654        49.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        29            6,690,568.56                   0.76        9.136            354            78.40            84.17          586        42.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          53           15,894,606.54                   1.80        8.491            355            79.24            84.36          591        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                        140           43,793,268.86                   4.95        8.418            356            80.06            82.58          590        43.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                      1,150          312,672,359.10                  35.34        8.401            357            80.18            83.58          603        40.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         714          188,871,480.87                  21.35        8.169            358            79.49            81.95          603        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         3              958,026.51                   0.11        7.122            354            81.55            97.67          642        42.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                          26            7,849,432.34                   0.89        9.283            355            77.01            80.09          578        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         78           26,566,792.20                   3.00        8.088            356            79.49            81.88          610        39.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        613          173,103,071.86                  19.57        7.981            357            81.03            83.59          613        41.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                         356           98,908,545.75                  11.18        7.897            358            80.88            82.85          609        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                         13            4,913,912.48                   0.56        7.557            357            80.71            81.03          622        37.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                          10            2,606,270.74                   0.29        7.258            358            78.54            78.54          624        40.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AK                                                                      2             $475,096.44                  0.05%       8.325%            357           80.00%           80.00%          558       34.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      7              669,470.20                   0.08       10.126            357            82.57            85.91          572        34.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      5              771,452.89                   0.09        8.172            357            85.13            85.13          590        37.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     76           18,109,599.58                   2.05        8.263            357            81.64            83.83          606        40.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    577          233,873,364.99                  26.43        7.628            357            79.60            82.04          619        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     32            7,494,617.89                   0.85        8.301            357            82.11            84.83          609        42.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     53           12,994,145.87                   1.47        8.580            357            80.20            81.11          591        39.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                     23            7,655,722.31                   0.87        7.943            357            77.00            79.51          593        38.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                     13            2,785,321.50                   0.31        7.936            357            82.33            82.33          604        37.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    401           96,816,793.61                  10.94        8.524            357            80.24            83.29          595        39.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     95           18,594,421.58                   2.10        8.510            357            82.55            88.15          604        40.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     24           10,015,300.30                   1.13        8.095            357            82.36            85.58          614        40.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      4              583,618.20                   0.07        8.827            357            81.30            81.30          580        42.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                     12            1,981,965.61                   0.22        8.205            357            85.96            87.98          622        37.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                    180           38,717,353.72                   4.38        8.677            357            80.18            85.18          605        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     27            2,577,707.20                   0.29        9.005            357            84.78            88.72          605        40.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                     12            2,031,760.92                   0.23        9.566            357            82.47            85.61          565        38.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      7            1,751,082.99                   0.20        7.889            357            84.35            85.73          628        40.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                    124           36,267,742.61                   4.10        8.420            357            79.26            82.23          606        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                    279           75,375,088.44                   8.52        8.238            357            81.09            82.98          596        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      5              554,949.57                   0.06        9.843            357            82.30            85.26          565        45.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                     21            3,126,779.07                   0.35        8.904            357            80.46            81.64          563        40.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     30            6,957,309.64                   0.79        8.497            357            85.57            90.42          594        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                     16            1,617,965.74                   0.18        9.452            357            83.65            90.02          606        43.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     58           10,494,733.36                   1.19        8.654            357            81.93            87.48          596        37.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      3              319,857.86                   0.04        9.668            357            90.50            92.75          573        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                     13            2,501,059.91                   0.28        8.491            357            81.51            81.51          599        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                    177           53,867,513.95                   6.09        8.722            357            78.96            81.03          598        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                     20            3,743,358.01                   0.42        8.367            357            77.09            83.20          608        40.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     31            8,982,986.10                   1.02        8.215            357            80.51            86.65          602        42.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    290          115,627,335.32                  13.07        8.141            357            79.05            81.66          608        42.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     25            3,305,700.88                   0.37        8.481            357            84.35            91.00          608        37.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      5              813,740.26                   0.09        8.432            358            81.70            81.70          579        45.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                     23            4,673,899.28                   0.53        8.156            357            84.75            87.07          612        37.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     91           13,369,311.88                   1.51        8.952            357            80.30            82.74          587        38.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     27            6,697,172.11                   0.76        8.543            357            79.49            87.45          599        42.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     27            4,560,145.45                   0.52        8.657            357            83.57            86.72          599        35.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     26            3,533,559.60                   0.40        8.885            357            83.57            88.10          594        34.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                    107           16,981,804.89                   1.92        8.232            357            80.12            84.97          597        40.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                     13            2,652,806.48                   0.30        8.567            357            83.32            88.97          598        39.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                    111           26,010,601.72                   2.94        8.628            357            78.83            80.95          584        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      2              475,231.16                   0.05        7.542            357            80.00            85.18          669        43.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     55           14,604,911.30                   1.65        7.992            357            82.46            84.92          595        41.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     66            9,201,909.76                   1.04        8.634            357            84.84            88.04          604        38.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      2              432,349.71                   0.05        9.489            357            83.34            83.34          574        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WY                                                                      1               94,493.11                   0.01       12.150            357            70.00            70.00          547        35.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 46

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                   231          $50,073,747.69                  5.66%       8.799%            357           77.32%           81.43%          617       39.79%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      2,934          826,677,264.84                  93.44        8.173            357            80.36            83.17          604        41.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            33            7,992,100.44                   0.90        8.355            357            80.41            81.73          605        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       2,615         $705,194,658.08                 79.71%       8.194%            357           80.40%           83.11%          603       40.77%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          426          144,678,089.22                  16.35        8.228            357            78.93            82.10          611        42.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                 156           34,717,728.42                   3.92        8.470            357            81.06            85.88          611        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.02        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                            2,203         $633,506,011.64                 71.60%       8.156%            357           78.87%           79.57%          600       41.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              914          230,526,023.19                  26.06        8.349            357            83.76            92.75          619        40.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              81           20,711,078.14                   2.34        8.330            357            80.91            81.65          599        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                  1,970         $515,020,883.83                 58.21%       7.949%            357           80.90%           83.15%          600       40.45%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  39           12,050,266.36                   1.36        8.000            357            82.26            85.63          604        38.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                1,189          357,671,962.78                  40.43        8.594            357            79.10            82.83          612        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                   1,081         $271,877,505.14                 30.73%       8.579%            357           80.07%           82.85%          600       41.27%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    453          162,629,469.88                  18.38        8.082            357            80.43            83.26          611        41.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                  1,298          347,453,000.00                  39.27        8.203            357            80.12            83.03          601        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      8            1,622,386.25                   0.18        8.923            357            84.11            84.11          582        32.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    358          101,160,751.70                  11.43        7.438            357            80.31            83.35          620        41.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              4             $808,048.30                  0.09%       9.846%            357           71.42%           71.42%          500       30.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                             256           54,803,024.94                   6.19        9.900            357            74.20            74.69          514        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                             320           74,188,498.15                   8.39        9.374            357            75.36            76.16          538        40.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             513          128,596,789.34                  14.53        8.806            357            78.99            80.58          562        41.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             459          120,259,662.68                  13.59        8.475            357            80.22            82.05          589        40.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             624          181,003,086.09                  20.46        7.992            357            82.18            84.61          612        41.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             528          162,958,372.47                  18.42        7.635            357            81.40            86.97          639        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             338          112,393,722.78                  12.70        7.225            357            82.06            86.43          663        40.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                             156           49,731,908.22                   5.62        7.308            357            81.76            85.47          685        39.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 699
Weighted Average: 605

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                          109          $26,978,603.45                  3.05%       8.131%            357           81.21%           83.60%          606       14.60%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                         100           22,816,464.41                   2.58        8.290            357            79.42            81.98          600        22.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                         213           50,110,575.79                   5.66        8.248            357            78.97            82.08          605        27.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         325           76,516,302.19                   8.65        8.225            357            79.08            81.88          605        32.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         535          141,072,472.77                  15.95        8.231            357            79.45            83.49          607        37.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         747          212,960,428.54                  24.07        8.279            357            79.64            82.37          604        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                       1,017          317,006,539.66                  35.83        8.123            357            81.38            83.50          606        47.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                         152           37,281,726.16                   4.21        8.408            357            79.70            85.52          587        53.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              3,198         $884,743,112.97                100.00%       8.210%            357           80.19%           83.05%          605       41.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 2.82%
Maximum: 54.99%
Weighted Average: 41.10%

2007-FRE1
Carrington Capital Management, LLC
Fixed Rate Loans

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 985
Aggregate Principal Balance ($): 188,584,245
Weighted Average Current Mortgage Rate (%): 7.768
Weighted Average Margin (%): 0.000
Weighted Average Maximum Rate (%): 0.000
Weighted Average Original Months to Roll: 0
Weighted Average Stated Original Term (months): 356
Weighted Average Stated Remaining Term (months): 354
Weighted Average Combined Original LTV (%): 80.22
% First Liens: 92.04
% Owner Occupied: 96.79
% Purchase: 18.46
% Full Documentation: 76.44
Non-Zero Weighted Average FICO Score: 626

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                4             $176,663.69                  0.09%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                               34            2,862,622.88                   1.52        8.372            177            78.78            78.78          593        36.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                6            1,000,336.70                   0.53        7.806            238            75.83            75.83          631        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              673          105,842,117.19                  56.12        8.077            357            78.44            79.74          622        39.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                           107           29,866,830.58                  15.84        7.255            357            80.59            80.86          632        43.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                           161           48,835,674.01                  25.90        7.365            357            79.18            80.99          633        41.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           7           $2,118,133.11                  1.12%       5.990%            358           69.32%           69.32%          664       32.98%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         114           36,120,691.37                  19.15        6.372            356            75.65            76.43          656        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         174           49,987,742.42                  26.51        6.820            357            77.56            78.78          636        41.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          98           22,587,898.52                  11.98        7.324            355            78.44            79.48          633        41.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          93           21,911,991.53                  11.62        7.815            345            78.12            79.97          604        40.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          55           10,281,081.28                   5.45        8.349            349            79.19            80.41          613        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          67           11,111,356.74                   5.89        8.800            356            78.19            80.46          596        39.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          32            5,572,337.06                   2.95        9.275            355            77.37            81.84          580        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         87            7,942,353.85                   4.21        9.840            347            82.26            83.55          583        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        55            5,977,881.70                   3.17       10.264            357            82.61            83.61          592        39.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        63            5,882,208.20                   3.12       10.819            350            86.43            86.56          601        39.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        88            5,553,853.95                   2.95       11.403            355            98.54            98.64          639        37.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        28            2,054,410.54                   1.09       11.726            352            93.55            93.55          609        39.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        14              996,564.59                   0.53       12.352            354            99.81            99.81          613        25.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         9              359,821.38                   0.19       12.774            339            95.24            95.24          625        38.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.07       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.990%
Maximum: 13.325%
Weighted Average: 7.768%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                      130           $4,295,856.49                  2.28%      10.985%            334           97.85%           97.85%          640       35.14%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                199           15,469,400.93                   8.20        9.767            352            86.82            88.27          623        37.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               163           20,186,481.27                  10.70        8.600            351            78.21            79.33          613        38.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               146           25,439,549.17                  13.49        7.758            354            75.66            76.25          622        39.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                90           19,825,916.85                  10.51        7.629            356            76.82            77.67          615        40.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                68           18,877,458.81                  10.01        7.478            357            74.73            76.51          627        41.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                47           15,318,877.84                   8.12        7.110            357            77.21            77.63          636        41.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                49           18,277,571.89                   9.69        7.256            355            79.18            80.46          629        43.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                24           10,140,440.92                   5.38        7.120            357            79.95            79.95          627        45.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                21           10,000,924.37                   5.30        7.091            357            76.69            80.33          634        43.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                17            8,859,672.48                   4.70        6.983            357            80.90            83.34          632        39.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 9            5,162,478.37                   2.74        7.439            337            80.83            80.83          623        40.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 4            2,480,697.74                   1.32        7.519            313            83.74            88.64          625        38.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 6            4,107,822.10                   2.18        7.482            357            79.25            83.45          631        41.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 5            3,630,090.08                   1.92        6.838            357            84.44            84.44          647        44.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 2            1,581,615.51                   0.84        6.677            357            80.00            80.00          618        41.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
800,000.01 - 850,000.00                                                 1              849,348.62                   0.45        6.990            358            73.91            73.91          639        44.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
900,000.01 - 950,000.00                                                 1              916,043.68                   0.49        7.750            357            77.47            77.47          586        37.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               1              957,554.63                   0.51        6.850            357            80.00            80.00          648        48.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                   2            2,206,443.30                   1.17        6.324            357            80.00            82.53          680        15.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $1,116,795.27
Weighted Average: $191,456.09

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.09%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              34            2,862,622.88                   1.52        8.372            177            78.78            78.78          593        36.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               6            1,000,336.70                   0.53        7.806            238            75.83            75.83          631        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             941          184,544,621.78                  97.86        7.755            357            78.99            80.25          626        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 356 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.09%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              34            2,862,622.88                   1.52        8.372            177            78.78            78.78          593        36.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               6            1,000,336.70                   0.53        7.806            238            75.83            75.83          631        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             941          184,544,621.78                  97.86        7.755            357            78.99            80.25          626        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 354 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           2             $185,727.83                  0.10%       7.609%            357           16.30%           16.30%          616       28.29%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           3              354,428.18                   0.19        7.289            358            22.99            22.99          615        42.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           2              149,805.10                   0.08        8.850            358            26.99            26.99          565        40.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           1              139,869.94                   0.07        9.790            358            32.94            32.94          526        31.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           6              938,932.79                   0.50        8.320            357            37.23            37.23          597        37.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                          13            2,503,244.47                   1.33        7.212            358            43.29            43.29          621        37.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          19            3,998,702.78                   2.12        7.166            352            47.31            47.31          626        39.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          17            2,944,956.81                   1.56        8.125            357            52.06            52.06          601        40.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          24            5,184,331.25                   2.75        6.997            352            58.87            58.87          621        38.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          54           10,518,237.75                   5.58        7.684            349            63.43            63.43          616        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          40            9,757,521.35                   5.17        7.454            357            68.73            68.73          616        38.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          83           19,919,041.78                  10.56        7.506            355            73.71            73.71          614        41.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         182           49,282,876.90                  26.13        7.368            350            79.30            79.35          622        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          95           21,522,611.72                  11.41        7.403            357            84.05            84.33          629        39.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         110           27,298,163.97                  14.48        7.467            357            89.11            89.41          635        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          40            7,278,755.20                   3.86        7.711            354            93.29            94.42          650        43.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        294           26,607,037.23                  14.11        9.698            352            92.07            99.92          638        39.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 16.29%
Maximum: 100.00%
Weighted Average: 80.22%

8. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      2             $177,804.51                  0.09%       8.613%            357           92.99%           92.99%          652       45.18%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      2              244,932.77                   0.13        7.106            358            88.51            88.51          624        36.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     14            2,403,488.67                   1.27        7.691            357            79.98            79.98          612        41.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    129           36,365,579.30                  19.28        7.319            349            76.69            77.66          635        40.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     13            2,297,903.38                   1.22        7.534            357            82.53            94.04          642        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     18            3,680,477.53                   1.95        7.129            356            83.89            83.89          634        37.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      8            1,376,376.97                   0.73        9.908            357            70.40            70.40          536        40.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      3              463,887.27                   0.25        7.301            358            79.16            79.16          627        32.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    135           21,954,352.84                  11.64        7.829            356            76.70            78.05          620        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     27            2,901,085.99                   1.54        8.352            348            86.86            86.86          625        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     10            3,543,030.01                   1.88        7.514            357            77.53            80.76          633        44.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      8            1,111,438.01                   0.59        7.872            334            81.68            86.27          617        40.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     45            5,802,857.36                   3.08        8.181            357            81.31            81.64          632        41.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      8              839,031.42                   0.44       10.155            357            84.42            86.83          592        42.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      3              242,698.93                   0.13        8.344            357            85.86            85.86          616        45.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      2              247,723.24                   0.13        7.322            357            87.26            87.26          645        25.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     45            7,998,152.29                   4.24        8.282            356            83.83            85.93          630        40.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     65           12,059,364.10                   6.39        8.115            358            76.76            77.26          606        41.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      2              164,806.55                   0.09        8.841            358            51.13            51.13          562        37.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      2              204,580.69                   0.11        8.066            357            79.13            79.13          590        41.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     11            1,352,754.83                   0.72        8.069            357            84.15            84.55          643        40.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      7              554,904.74                   0.29        8.387            350            88.66            98.12          632        38.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     19            2,359,101.76                   1.25        8.605            355            89.07            91.00          624        42.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      4              743,551.12                   0.39        7.593            357            78.06            78.06          638        42.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     38            9,800,018.37                   5.20        7.789            351            80.06            80.06          631        40.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      3              495,055.06                   0.26        9.455            317            87.18            87.18          639        37.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      2              130,831.01                   0.07       10.922            357           100.00           100.00          643        22.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     99           32,631,294.20                  17.30        7.438            356            76.84            77.47          632        41.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     14              986,495.00                   0.52        9.071            349            86.94            90.25          623        37.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      4              423,478.27                   0.22        7.920            319            89.96            93.63          626        34.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      6              526,052.43                   0.28        7.837            357            85.44            85.44          635        38.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     32            3,390,816.51                   1.80        8.394            354            81.83            81.83          611        39.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     10            1,620,754.45                   0.86        7.308            357            79.88            79.88          644        36.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      7              654,851.70                   0.35        9.041            331            78.03            79.25          582        36.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     12            1,042,346.11                   0.55        9.041            357            88.81            88.81          619        34.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                    110           16,255,203.49                   8.62        7.893            351            79.19            81.83          615        39.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      4              568,044.58                   0.30        7.576            357            84.70            84.70          651        34.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     30            6,051,561.51                   3.21        8.170            356            82.85            83.59          623        39.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1               30,730.25                   0.02       11.500            358            95.00            95.00          641        46.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     14            3,240,191.95                   1.72        7.005            357            81.98            83.22          643        43.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     14            1,361,146.92                   0.72        8.494            352            87.76            95.86          629        37.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      3              285,488.96                   0.15        8.714            357            46.71            46.71          570        38.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 42

9. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    37           $5,270,786.58                  2.79%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        946          182,538,486.33                  96.79        7.745            354            78.98            80.25          625        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                             2              774,972.14                   0.41        8.493            357            81.04            81.04          657        49.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         805         $149,595,077.58                 79.33%       7.713%            353           78.99%           80.41%          625       40.31%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          136           33,331,501.82                  17.67        7.841            355            78.32            78.95          633        42.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  44            5,657,665.65                   3.00        8.803            351            82.74            82.74          614        36.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

11. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              659         $143,975,946.99                 76.35%       7.531%            354           77.06%           77.57%          623       41.03%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              293           34,810,972.55                  18.46        8.881            354            86.70            90.81          637        38.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              33            9,797,325.51                   5.20        7.297            346            79.85            81.64          624        41.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

12. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    727         $144,156,422.12                 76.44%       7.506%            353           79.34%           80.62%          624       40.48%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  12            2,425,578.44                   1.29        7.750            357            76.51            77.50          624        42.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  246           42,002,244.49                  22.27        8.669            355            77.92            79.02          631        40.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

13. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     333          $50,858,497.66                 26.97%       8.238%            352           80.63%           81.22%          619       40.21%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    122           36,598,860.41                  19.41        7.496            355            77.02            77.82          632        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    101           12,663,723.66                   6.72        9.099            355            85.29            87.05          623        39.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      2              504,588.94                   0.27        8.248            358            87.63            87.63          619        46.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    427           87,958,574.38                  46.64        7.415            354            77.89            79.63          628        40.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 28

14. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     735         $173,578,874.38                 92.04%       7.477%            354           77.19%           78.54%          624       40.92%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     250           15,005,370.67                   7.96       11.131            348            99.74            99.74          643        36.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

15. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              21           $4,044,285.12                  2.14%      10.259%            357           70.30%           70.30%          516       42.94%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              37            6,779,580.40                   3.59        9.205            326            74.44            74.73          537        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              78           13,669,275.45                   7.25        8.798            352            72.53            73.19          561        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              90           18,170,574.02                   9.64        8.211            356            76.58            77.90          589        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             201           38,939,028.50                  20.65        7.573            355            78.44            79.47          612        41.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             300           53,032,213.18                  28.12        7.760            355            81.82            83.47          639        40.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             173           34,572,372.31                  18.33        7.277            355            80.92            82.39          662        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              85           19,376,916.07                  10.27        6.893            353            79.09            80.13          688        39.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 502
Maximum: 699
Weighted Average: 626

16. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           71           $8,888,399.30                  4.71%       8.177%            355           83.89%           85.02%          647       15.09%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          38            3,914,753.01                   2.08        8.785            355            80.15            80.15          614        22.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          58            9,241,228.25                   4.90        7.962            350            75.77            75.77          632        27.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          99           18,644,575.06                   9.89        7.527            347            77.78            78.48          620        32.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         163           30,965,419.34                  16.42        7.805            355            76.01            77.29          615        37.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         220           48,459,561.63                  25.70        7.658            354            79.86            81.23          627        42.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         286           57,503,134.23                  30.49        7.771            354            80.11            81.38          630        47.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          49           10,851,461.15                   5.75        7.693            357            78.10            81.03          619        52.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.00 - 59.99                                                           1              115,713.08                   0.06        7.000            357            64.44            64.44          628        55.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                985         $188,584,245.05                100.00%       7.768%            354           78.99%           80.22%          626       40.54%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.94%
Maximum: 55.00%
Weighted Average: 40.54%

2007-FRE1
Carrington Capital Management, LLC
Interest Only Loans

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 170
Aggregate Principal Balance ($): 65,731,524
Weighted Average Current Mortgage Rate (%): 6.616
Weighted Average Margin (%): 4.238
Weighted Average Maximum Rate (%): 12.616
Weighted Average Original Months to Roll: 32
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 84.32
% First Liens: 100.00
% Owner Occupied: 100.00
% Purchase: 15.02
% Full Documentation: 85.65
Non-Zero Weighted Average FICO Score: 648

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         67          $25,046,886.00                 38.10%       6.834%            357           80.15%           83.64%          647       41.94%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                         41           16,979,852.00                  25.83        6.429            357            81.53            83.59          646        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         55           21,256,386.00                  32.34        6.544            357            80.68            86.00          648        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM 5YR-IO                                                          7            2,448,400.00                   3.72        6.312            358            81.77            81.77          666        41.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           7           $3,448,750.00                  5.25%       5.437%            357           80.06%           84.79%          667       42.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          25           10,838,400.00                  16.49        5.905            357            79.70            80.84          655        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          40           18,158,432.00                  27.63        6.317            357            78.33            80.56          653        43.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          55           20,712,192.00                  31.51        6.807            357            82.39            86.31          642        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          26            7,446,800.00                  11.33        7.340            357            83.76            87.99          642        36.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                           8            2,267,250.00                   3.45        7.721            356            81.83            91.77          638        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                           6            1,768,200.00                   2.69        8.247            357            78.90            86.53          636        36.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                           3            1,091,500.00                   1.66        8.882            357            81.94            98.06          635        39.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.250%
Maximum: 8.950%
Weighted Average: 6.616%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                  1              $80,500.00                  0.12%       7.400%            357           70.00%           70.00%          664       35.02%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                 7              927,800.00                   1.41        7.477            358            77.04            77.04          638        41.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                19            3,383,030.00                   5.15        6.970            357            79.50            82.51          644        44.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                19            4,302,600.00                   6.55        6.939            358            80.23            82.50          646        39.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                20            5,520,290.00                   8.40        6.795            357            79.92            85.86          641        37.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                16            5,194,700.00                   7.90        6.823            357            80.71            84.84          641        38.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                21            7,937,822.00                  12.08        6.445            357            79.47            81.43          650        42.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                11            4,640,196.00                   7.06        6.180            357            79.70            83.22          653        43.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                14            6,659,986.00                  10.13        6.353            357            79.86            81.26          651        43.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                12            6,329,550.00                   9.63        6.870            357            81.93            86.90          651        41.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 9            5,268,950.00                   8.02        6.546            357            83.34            85.62          655        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 7            4,393,400.00                   6.68        6.744            357            84.14            91.32          640        36.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 5            3,377,600.00                   5.14        6.393            357            79.65            79.65          635        43.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 3            2,159,550.00                   3.29        6.756            357            86.13            86.13          677        42.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 2            1,553,750.00                   2.36        6.675            358            79.53            91.59          622        48.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
850,000.01 - 900,000.00                                                 1              875,000.00                   1.33        6.000            357            76.09            76.09          656        43.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
900,000.01 - 950,000.00                                                 1              920,000.00                   1.40        5.500            357            80.00            97.74          698        48.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               1            1,000,000.00                   1.52        6.900            358            80.00            90.00          633        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                   1            1,206,800.00                   1.84        6.170            358            80.00            80.00          655        49.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $80,500.00
Maximum: $1,206,800.00
Weighted Average: $386,656.02

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 360 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 350 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           1             $197,000.00                  0.30%       6.300%            357           39.40%           39.40%          594       49.56%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           3              711,000.00                   1.08        6.644            357            47.96            47.96          653        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           1              685,000.00                   1.04        6.200            357            52.69            52.69          614        46.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           1              270,000.00                   0.41        5.650            357            55.56            55.56          657        38.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                           5            1,495,000.00                   2.27        6.413            357            64.20            64.20          635        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          12            3,820,000.00                   5.81        6.360            357            68.22            68.22          651        44.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          10            3,886,000.00                   5.91        6.526            357            74.39            74.39          658        41.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                          34           14,773,900.00                  22.48        6.469            357            79.16            79.16          649        42.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          31           11,562,966.00                  17.59        6.520            357            84.32            84.32          646        44.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          41           15,608,068.00                  23.75        6.699            357            88.78            89.63          646        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                           3            1,285,000.00                   1.95        7.140            357            94.43            94.43          675        37.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         28           11,437,590.00                  17.40        6.925            357            80.16            99.58          648        37.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 39.40%
Maximum: 100.00%
Weighted Average: 84.32%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           2             $868,250.00                  1.32%       5.250%            358           87.15%           87.15%          645       41.87%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                          19            7,782,050.00                  11.84        5.711            357            79.03            82.71          657        37.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          37           17,087,382.00                  26.00        6.153            357            78.52            79.88          657        42.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          55           21,951,842.00                  33.40        6.668            357            81.14            85.15          644        44.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          30            9,322,000.00                  14.18        7.105            357            82.79            84.33          639        38.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          17            5,303,200.00                   8.07        7.589            357            84.62            91.43          642        38.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           6            1,887,700.00                   2.87        8.298            357            78.59            88.53          640        37.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           2              393,100.00                   0.60        8.453            354            85.38            94.62          644        46.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                           2            1,136,000.00                   1.73        7.829            356            80.00           100.00          644        37.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.863%
Maximum: 6.990%
Non-Zero Weighted Average: 4.238%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           7           $3,448,750.00                  5.25%       5.437%            357           80.06%           84.79%          667       42.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          25           10,838,400.00                  16.49        5.905            357            79.70            80.84          655        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          40           18,158,432.00                  27.63        6.317            357            78.33            80.56          653        43.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          55           20,712,192.00                  31.51        6.807            357            82.39            86.31          642        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          26            7,446,800.00                  11.33        7.340            357            83.76            87.99          642        36.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                           8            2,267,250.00                   3.45        7.721            356            81.83            91.77          638        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                           6            1,768,200.00                   2.69        8.247            357            78.90            86.53          636        36.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                           3            1,091,500.00                   1.66        8.882            357            81.94            98.06          635        39.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.250%
Maximum: 8.950%
Non-Zero Weighted Average: 6.616%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         7           $3,448,750.00                  5.25%       5.437%            357           80.06%           84.79%          667       42.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        25           10,838,400.00                  16.49        5.905            357            79.70            80.84          655        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        40           18,158,432.00                  27.63        6.317            357            78.33            80.56          653        43.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        55           20,712,192.00                  31.51        6.807            357            82.39            86.31          642        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        26            7,446,800.00                  11.33        7.340            357            83.76            87.99          642        36.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                         8            2,267,250.00                   3.45        7.721            356            81.83            91.77          638        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                         6            1,768,200.00                   2.69        8.247            357            78.90            86.53          636        36.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                         3            1,091,500.00                   1.66        8.882            357            81.94            98.06          635        39.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.250%
Maximum: 14.950%
Non-Zero Weighted Average: 12.616%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                              1             $181,600.00                  0.28%       7.990%            350           80.00%          100.00%          691       44.60%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                         42           16,016,036.00                  24.37        6.932            357            79.62            84.42          651        40.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          24            8,849,250.00                  13.46        6.632            358            81.12            81.90          640        44.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         2              844,000.00                   1.28        6.836            354            80.00            98.30          643        43.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           2              713,600.00                   1.09        6.854            355            80.00           100.00          653        32.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                          8            3,053,920.00                   4.65        6.265            356            77.45            85.84          651        37.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         60           24,319,250.00                  37.00        6.514            357            80.60            83.67          651        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          24            9,305,468.00                  14.16        6.454            358            83.60            85.54          637        43.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          2            1,008,000.00                   1.53        6.179            357            81.51            81.51          682        40.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           5            1,440,400.00                   2.19        6.405            358            81.95            81.95          655        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                      6           $1,414,020.00                  2.15%       7.051%            357           87.37%           90.93%          656       41.14%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     85           39,126,452.00                  59.52        6.508            357            79.89            83.58          648        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      2              824,000.00                   1.25        6.596            357            66.69            66.69          653        40.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      2              476,000.00                   0.72        6.493            357            72.65            72.65          667        44.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      2              764,000.00                   1.16        6.664            357            78.04            90.18          648        37.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      1              390,800.00                   0.59        6.250            358            80.00            80.00          678        40.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                      8            2,363,772.00                   3.60        7.323            358            81.20            83.63          618        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                      3            1,056,400.00                   1.61        6.598            357            75.53            80.10          671        43.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      1              512,000.00                   0.78        6.550            357            80.00           100.00          645        48.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                      4            1,064,250.00                   1.62        7.433            357            84.58            89.55          644        48.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                      1              288,750.00                   0.44        6.400            357            75.00            75.00          661        44.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     14            4,566,600.00                   6.95        6.845            357            83.49            86.33          642        39.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      2              415,380.00                   0.63        6.983            358            87.19            87.19          662        35.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      1              156,600.00                   0.24        6.700            358            90.00            90.00          644        49.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      2              425,900.00                   0.65        7.452            358            87.97            87.97          642        43.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                      2              510,000.00                   0.78        6.912            357            80.56            80.56          635        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      3            1,441,850.00                   2.19        6.088            357            80.96            95.68          679        45.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                      9            4,245,500.00                   6.46        6.556            357            81.51            81.51          653        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      4              885,100.00                   1.35        7.044            358            87.76            91.37          645        34.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                      2              283,000.00                   0.43        7.644            357            79.38            79.38          655        45.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      1            1,000,000.00                   1.52        6.900            358            80.00            90.00          633        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      1              299,700.00                   0.46        6.960            357            90.00            90.00          683        10.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                      2              428,950.00                   0.65        6.270            358            88.01            88.01          637        37.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      5            1,168,000.00                   1.78        6.420            358            84.64            84.64          635        45.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      7            1,624,500.00                   2.47        6.605            357            83.85            85.92          648        45.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 25

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         148          $57,864,124.00                 88.03%       6.606%            357           80.71%           84.31%          649       41.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           12            5,644,650.00                   8.59        6.516            357            79.99            83.13          648        40.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  10            2,222,750.00                   3.38        7.126            357            83.33            87.66          628        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              139          $53,086,712.00                 80.76%       6.547%            357           80.56%           82.53%          649       42.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                               25            9,875,062.00                  15.02        7.015            357            80.92            93.43          644        35.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                               6            2,769,750.00                   4.21        6.511            357            83.50            86.00          643        43.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    148          $56,297,724.00                 85.65%       6.537%            357           81.26%           84.51%          647       41.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   4            1,660,000.00                   2.53        6.776            357            81.70            81.70          633        49.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                   18            7,773,800.00                  11.83        7.158            357            76.78            83.52          659        40.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      22           $6,277,300.00                  9.55%       6.967%            357           82.24%           85.92%          645       40.46%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     29           12,282,200.00                  18.69        6.891            357            79.03            81.12          643        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                     48           19,196,736.00                  29.20        6.730            357            81.31            84.77          650        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     71           27,975,288.00                  42.56        6.338            357            80.76            85.05          650        42.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 27

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                               7           $1,546,700.00                  2.35%       7.175%            357           69.30%           69.30%          592       46.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              26           10,007,846.00                  15.23        6.852            357            79.94            83.14          612        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              55           21,953,442.00                  33.40        6.709            357            80.66            86.83          639        42.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              62           23,891,836.00                  36.35        6.497            357            82.36            84.02          662        41.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              20            8,331,700.00                  12.68        6.327            357            79.37            82.75          686        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 588
Maximum: 698
Weighted Average: 648

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                            3           $1,163,700.00                  1.77%       6.749%            357           90.00%           90.00%          668       15.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                           3              964,700.00                   1.47        7.356            357            77.18            89.60          628        21.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          14            5,407,290.00                   8.23        6.472            357            82.03            91.24          651        27.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          12            4,450,150.00                   6.77        7.046            357            80.19            86.11          639        33.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          27            9,431,550.00                  14.35        6.473            357            81.28            85.53          656        37.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                          41           16,243,022.00                  24.71        6.757            357            80.65            83.61          648        42.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                          70           28,071,112.00                  42.71        6.511            357            80.18            82.29          646        48.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                170          $65,731,524.00                100.00%       6.616%            357           80.74%           84.32%          648       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 10.92%
Maximum: 49.99%
Weighted Average: 41.68%

2007-FRE1
Carrington Capital Management, LLC
Balloon Loans

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 2,024
Aggregate Principal Balance ($): 627,685,003
Weighted Average Current Mortgage Rate (%): 7.996
Weighted Average Margin (%): 5.599
Weighted Average Maximum Rate (%): 14.092
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 83.18
% First Liens: 100.00
% Owner Occupied: 94.31
% Purchase: 24.08
% Full Documentation: 57.14
Non-Zero Weighted Average FICO Score: 612

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                         174          $48,399,212.80                  7.71%       8.305%            357           78.29%           82.21%          599       40.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                         139           44,495,787.27                   7.09        7.846            357            83.11            83.60          614        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                           107           29,866,830.58                   4.76        7.255            357            80.59            80.86          632        43.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                       1,043          325,446,598.18                  51.85        8.147            357            80.90            83.73          609        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         394          128,656,029.01                  20.50        7.952            357            81.99            83.44          612        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           6            1,984,871.44                   0.32        8.539            357            79.33            79.33          598        38.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                           161           48,835,674.01                   7.78        7.365            357            79.18            80.99          633        41.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1             $419,720.45                  0.07%       5.350%            358           80.00%           80.00%          667       47.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          28           10,753,556.02                   1.71        5.840            357            76.71            78.49          651        43.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         115           44,144,678.56                   7.03        6.359            357            79.30            80.39          647        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         248           91,226,959.69                  14.53        6.855            357            79.62            82.05          635        41.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         247           85,423,929.29                  13.61        7.334            357            80.86            82.67          625        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         353          114,549,772.22                  18.25        7.797            357            80.50            83.04          616        41.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         278           85,429,380.83                  13.61        8.319            357            82.39            84.64          603        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         340           94,733,990.70                  15.09        8.811            357            83.52            86.27          598        42.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         173           47,106,618.10                   7.50        9.293            357            82.20            84.54          588        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        146           34,417,855.94                   5.48        9.764            357            81.20            83.46          573        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        50           10,673,568.75                   1.70       10.286            357            76.27            79.62          566        40.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        22            4,706,814.33                   0.75       10.729            357            73.60            73.96          545        42.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        10            1,501,102.08                   0.24       11.283            357            69.81            70.77          546        43.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         7            1,294,027.31                   0.21       11.797            357            61.18            61.18          581        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         4              545,877.15                   0.09       12.331            357            63.42            63.42          518        44.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         2              757,151.87                   0.12       12.739            357            65.00            65.00          568        38.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.350%
Maximum: 12.770%
Weighted Average: 7.996%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        1              $49,983.20                  0.01%      11.150%            357           74.63%           74.63%          517       33.48%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 92            7,554,589.08                   1.20        9.011            357            77.78            81.04          598        37.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               235           30,015,493.79                   4.78        8.637            357            78.96            82.93          608        40.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               292           51,160,618.57                   8.15        8.400            357            78.65            81.64          606        40.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               301           68,142,081.05                  10.86        8.184            357            80.41            82.59          601        41.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                               222           61,185,695.17                   9.75        8.111            357            79.47            82.10          611        40.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                               201           65,701,519.75                  10.47        7.947            357            80.71            82.52          611        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                               176           65,977,853.25                  10.51        7.913            357            82.36            84.91          610        42.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                               124           52,612,618.66                   8.38        7.917            357            81.34            83.82          615        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                92           43,966,984.66                   7.00        7.811            357            81.93            84.14          610        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                88           46,225,201.13                   7.36        7.794            357            82.94            84.53          618        43.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                72           41,429,225.65                   6.60        7.888            357            82.82            84.76          613        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                37           23,172,440.75                   3.69        7.693            357            81.82            83.15          620        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                32           21,619,611.48                   3.44        7.827            357            83.61            85.84          624        40.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                21           15,293,396.97                   2.44        7.588            357            82.79            83.75          627        43.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                24           19,066,940.07                   3.04        8.087            357            79.46            79.69          610        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
800,000.01 - 850,000.00                                                 2            1,686,105.61                   0.27        6.350            358            79.41            79.41          639        47.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
850,000.01 - 900,000.00                                                 2            1,756,829.43                   0.28        7.175            358            80.00            80.00          605        31.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               3            2,957,667.99                   0.47        6.816            357            75.91            75.91          645        48.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                   7            8,110,147.03                   1.29        6.752            357            74.35            79.54          656        39.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $49,983.20
Maximum: $1,359,462.13
Weighted Average: $310,121.05

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 360 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 349 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           1              $62,974.57                  0.01%       6.750%            358           16.32%           16.32%          613       20.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           1               50,993.47                   0.01        9.750            358            25.00            25.00          571        19.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           3              360,830.73                   0.06        8.383            357            28.81            28.81          565        32.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           4              559,834.69                   0.09        8.577            358            31.65            31.65          581        34.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           6            1,768,015.61                   0.28        7.166            357            37.34            37.34          597        42.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                          13            3,057,701.66                   0.49        8.456            358            43.23            43.23          589        37.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          24            4,341,869.38                   0.69        7.815            357            47.58            47.58          605        38.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          33            8,015,454.44                   1.28        7.976            357            52.43            52.43          599        42.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          38            8,515,101.22                   1.36        8.065            357            57.92            57.92          599        41.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          86           26,248,217.80                   4.18        8.049            357            63.22            63.22          604        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                         101           29,837,940.02                   4.75        8.005            357            68.76            68.76          598        40.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                         162           53,949,356.10                   8.59        7.920            357            73.77            73.77          603        42.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         413          139,237,774.42                  22.18        8.005            357            79.43            79.45          605        40.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                         259           84,767,671.63                  13.50        7.785            357            84.13            84.47          610        42.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         463          152,402,878.25                  24.28        8.019            357            89.64            89.70          619        41.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                         103           31,283,930.03                   4.98        7.953            357            92.12            94.69          626        44.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        314           83,224,459.27                  13.26        8.196            357            84.39            99.93          627        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 16.32%
Maximum: 100.00%
Weighted Average: 83.18%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            268          $78,702,504.59                 12.54%       7.323%            357           79.72%           80.94%          633       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           1              419,720.45                   0.07        5.350            358            80.00            80.00          667        47.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                          17            6,823,759.40                   1.09        5.773            357            77.20            79.50          655        44.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          55           21,190,971.39                   3.38        6.211            357            78.22            79.90          648        42.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                         118           44,482,079.11                   7.09        6.703            357            79.70            82.37          635        40.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                         207           80,668,024.69                  12.85        7.162            357            80.59            82.73          627        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         320          104,268,204.96                  16.61        7.727            357            80.44            82.82          617        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         291           88,238,232.07                  14.06        8.231            357            81.35            83.74          604        42.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         291           83,019,761.53                  13.23        8.666            357            83.54            85.95          597        41.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         456          119,871,745.10                  19.10        9.527            357            81.41            84.05          583        41.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.963%
Maximum: 6.990%
Non-Zero Weighted Average: 5.599%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            268          $78,702,504.59                 12.54%       7.323%            357           79.72%           80.94%          633       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1              419,720.45                   0.07        5.350            358            80.00            80.00          667        47.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          27           10,423,889.16                   1.66        5.835            357            76.71            78.55          650        44.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          70           27,448,644.10                   4.37        6.325            357            79.55            80.85          643        41.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         173           67,020,803.24                  10.68        6.863            357            79.55            82.26          634        40.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         198           72,359,593.24                  11.53        7.337            357            80.95            82.79          623        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         313          103,429,480.91                  16.48        7.796            357            80.38            83.12          616        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         259           80,120,079.16                  12.76        8.316            357            82.49            84.76          602        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         324           91,141,573.15                  14.52        8.808            357            83.59            86.45          598        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         165           45,543,385.62                   7.26        9.292            357            82.45            84.79          588        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        138           33,163,455.16                   5.28        9.760            357            81.63            83.98          573        41.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        44            9,476,806.93                   1.51       10.293            357            76.63            80.41          564        40.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        21            4,336,909.17                   0.69       10.731            357            73.87            74.26          547        43.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        10            1,501,102.08                   0.24       11.283            357            69.81            70.77          546        43.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         7            1,294,027.31                   0.21       11.797            357            61.18            61.18          581        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         4              545,877.15                   0.09       12.331            357            63.42            63.42          518        44.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         2              757,151.87                   0.12       12.739            357            65.00            65.00          568        38.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.350%
Maximum: 12.770%
Non-Zero Weighted Average: 8.092%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            268          $78,702,504.59                 12.54%       7.323%            357           79.72%           80.94%          633       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         1              419,720.45                   0.07        5.350            358            80.00            80.00          667        47.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        27           10,423,889.16                   1.66        5.835            357            76.71            78.55          650        44.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        70           27,448,644.10                   4.37        6.325            357            79.55            80.85          643        41.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                       173           67,020,803.24                  10.68        6.863            357            79.55            82.26          634        40.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                       198           72,359,593.24                  11.53        7.337            357            80.95            82.79          623        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       313          103,429,480.91                  16.48        7.796            357            80.38            83.12          616        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       259           80,120,079.16                  12.76        8.316            357            82.49            84.76          602        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       324           91,141,573.15                  14.52        8.808            357            83.59            86.45          598        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       165           45,543,385.62                   7.26        9.292            357            82.45            84.79          588        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       138           33,163,455.16                   5.28        9.760            357            81.63            83.98          573        41.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        44            9,476,806.93                   1.51       10.293            357            76.63            80.41          564        40.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        21            4,336,909.17                   0.69       10.731            357            73.87            74.26          547        43.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        10            1,501,102.08                   0.24       11.283            357            69.81            70.77          546        43.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         7            1,294,027.31                   0.21       11.797            357            61.18            61.18          581        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         4              545,877.15                   0.09       12.331            357            63.42            63.42          518        44.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         2              757,151.87                   0.12       12.739            357            65.00            65.00          568        38.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.350%
Maximum: 18.770%
Non-Zero Weighted Average: 14.092%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            268          $78,702,504.59                 12.54%       7.323%            357           79.72%           80.94%          633       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,756          548,982,498.70                  87.46        8.092            357            81.10            83.50          609        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            268          $78,702,504.59                 12.54%       7.323%            357           79.72%           80.94%          633       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,756          548,982,498.70                  87.46        8.092            357            81.10            83.50          609        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            268          $78,702,504.59                 12.54%       7.323%            357           79.72%           80.94%          633       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April, 2008                                                             1              172,252.85                   0.03        8.100            349            80.00           100.00          603        50.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.02        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              2              332,753.74                   0.05        7.749            352            80.00            96.54          670        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            1               94,147.34                   0.01        7.050            353            80.00           100.00          661        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        11            3,795,535.99                   0.60        8.586            354            80.54            85.88          602        43.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          26            8,765,615.04                   1.40        8.010            355            80.78            87.95          609        46.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         90           31,938,709.19                   5.09        8.137            356            80.89            82.49          597        43.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        619          192,028,020.71                  30.59        8.267            357            80.88            84.26          609        40.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         466          136,592,049.10                  21.76        8.034            358            80.04            82.34          608        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           5            1,904,072.92                   0.30        8.236            355            83.86            83.86          619        45.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         32           15,352,549.80                   2.45        7.793            356            83.00            83.55          621        41.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        298           93,963,912.76                  14.97        7.995            357            82.25            83.71          612        41.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                         198           61,931,280.80                   9.87        7.843            358            82.09            83.10          612        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          3            1,085,085.22                   0.17        8.803            357            84.01            84.01          601        37.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           3              899,786.22                   0.14        8.219            358            73.69            73.69          594        39.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      1             $106,358.71                  0.02%       7.950%            357           95.00%           95.00%          642       44.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      2              221,087.34                   0.04        8.285            357            81.61            81.61          597        42.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     58           14,574,643.50                   2.32        8.283            357            82.11            84.26          610        40.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    475          187,356,879.40                  29.85        7.681            357            79.61            81.45          618        41.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     27            6,328,689.20                   1.01        8.099            357            82.96            89.84          616        42.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     24            5,592,568.77                   0.89        8.087            357            82.55            84.29          613        35.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                     15            5,007,628.31                   0.80        7.999            357            75.60            77.58          595        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      7            1,467,815.56                   0.23        8.206            356            83.24            83.24          600        37.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    282           69,569,035.73                  11.08        8.262            357            80.47            83.34          607        40.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     52           11,204,496.74                   1.79        8.068            357            84.89            89.85          620        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     27           11,425,791.11                   1.82        7.951            357            81.92            84.04          620        41.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      1              147,574.11                   0.02        8.950            358            90.00            90.00          614        48.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      7            1,266,218.48                   0.20        7.869            357            88.66            91.83          653        38.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     88           21,312,277.15                   3.40        8.598            357            80.67            84.57          613        42.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      8              773,102.64                   0.12        8.431            357            87.25            93.94          623        38.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      6            1,298,888.04                   0.21        9.650            357            82.10            82.62          547        37.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      4              551,155.70                   0.09        8.793            358            91.73            96.11          603        33.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     86           27,314,477.82                   4.35        8.098            357            81.73            84.69          620        43.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                    194           54,882,484.38                   8.74        8.041            357            82.20            83.97          603        43.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                     11            1,820,676.24                   0.29        8.302            357            80.90            81.29          576        41.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     17            4,454,963.88                   0.71        8.415            357            86.65            90.05          600        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      4              454,732.81                   0.07        8.881            357            88.73            92.53          620        43.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     26            6,141,060.44                   0.98        8.390            357            83.18            86.69          601        40.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      1               95,981.12                   0.02        9.700            357            80.00            80.00          525        31.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      3              727,737.01                   0.12        8.758            357            85.33            85.33          595        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     92           31,883,176.09                   5.08        8.222            357            81.77            82.58          616        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      9            1,630,725.36                   0.26        8.480            357            72.98            75.48          594        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     21            5,584,755.87                   0.89        8.459            357            80.77            84.64          591        42.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    217           96,764,198.42                  15.42        7.784            357            80.41            82.27          615        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      9            1,169,275.51                   0.19        8.452            357            86.05            90.79          609        41.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      4              514,191.42                   0.08        9.004            358            83.18            83.18          552        42.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                     15            3,134,962.59                   0.50        8.438            357            83.55            85.32          600        37.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     26            4,844,351.86                   0.77        8.802            357            81.88            82.35          594        38.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     19            3,830,334.52                   0.61        8.315            357            78.29            83.79          612        38.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     11            2,594,155.90                   0.41        8.024            357            84.72            86.61          616        33.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      8            1,216,967.90                   0.19        8.378            357            88.14            93.15          621        38.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     14            1,638,691.72                   0.26        8.237            357            83.42            98.43          633        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      7            1,709,781.52                   0.27        8.328            358            86.34            92.21          608        42.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     76           21,604,159.79                   3.44        8.349            357            80.69            82.62          595        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1              163,958.51                   0.03        8.000            358            80.00            95.00          641        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     41           10,819,383.27                   1.72        7.935            357            83.36            85.04          596        43.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     27            4,391,115.74                   0.70        8.216            357            86.77            88.78          616        38.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WY                                                                      1               94,493.11                   0.02       12.150            357            70.00            70.00          547        35.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 43

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                   119          $30,066,004.90                  4.79%       8.492%            357           78.17%           82.68%          626       40.20%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      1,886          591,956,771.63                  94.31        7.969            357            81.06            83.20          611        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            19            5,662,226.76                   0.90        8.157            357            81.98            83.84          622        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       1,640         $492,902,648.96                 78.53%       7.999%            357           80.95%           83.01%          610       41.37%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          285          110,103,913.86                  17.54        7.920            357            80.54            83.25          619        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  99           24,678,440.47                   3.93        8.264            357            82.14            86.42          619        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                            1,455         $458,804,470.23                 73.09%       7.925%            357           79.68%           80.13%          609       41.85%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              514          151,145,264.72                  24.08        8.233            357            84.69            92.55          622        41.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              55           17,735,268.34                   2.83        7.818            357            81.19            82.21          614        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                  1,202         $358,648,096.27                 57.14%       7.712%            357           81.91%           83.57%          608       41.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  25            7,921,460.52                   1.26        7.711            357            83.32            86.34          621        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  797          261,115,446.50                  41.60        8.394            357            79.50            82.55          618        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     571         $165,802,932.17                 26.41%       8.262%            357           81.90%           84.03%          612       42.17%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    330          129,941,914.97                  20.70        7.880            357            81.04            83.29          616        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    818          243,579,988.68                  38.81        8.078            357            80.38            82.96          605        40.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      6            1,390,325.19                   0.22        8.560            358            89.28            89.28          598        38.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    299           86,969,842.28                  13.86        7.422            357            80.30            81.91          624        41.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              2             $267,067.89                  0.04%       9.348%            357           66.73%           66.73%          500       42.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              59           16,979,005.60                   2.71        9.682            357            73.80            73.90          513        42.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              80           22,082,766.69                   3.52        9.036            357            76.48            77.35          540        43.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             330           93,408,256.13                  14.88        8.618            357            79.18            80.44          562        41.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             345          100,035,606.06                  15.94        8.356            357            80.61            82.03          589        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             470          148,053,285.21                  23.59        7.889            357            81.67            83.53          612        42.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             394          128,682,611.94                  20.50        7.684            357            81.93            85.94          638        41.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             212           74,262,826.41                  11.83        7.278            357            82.74            85.94          662        41.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                             132           43,913,577.36                   7.00        7.153            357            81.98            84.34          685        40.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 699
Weighted Average: 612

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           47          $16,180,306.84                  2.58%       7.654%            357           81.02%           82.17%          622       14.65%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          49           11,623,159.44                   1.85        8.109            357            81.33            84.03          609        22.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                         115           30,992,041.15                   4.94        8.102            357            79.57            80.87          612        27.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         184           50,710,786.59                   8.08        7.902            357            79.54            81.63          611        33.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         328           95,792,284.61                  15.26        8.037            357            79.85            83.48          614        37.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         513          161,748,902.15                  25.77        8.025            357            80.31            82.36          612        42.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         671          228,490,135.83                  36.40        7.974            357            82.38            84.09          613        47.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                         117           32,147,386.68                   5.12        8.060            357            80.25            84.85          597        53.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              2,024         $627,685,003.29                100.00%       7.996%            357           80.93%           83.18%          612       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.33%
Maximum: 54.98%
Weighted Average: 41.71%

2007-FRE1
Carrington Capital Management, LLC
Simultaneous Seconds

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 654
Aggregate Principal Balance ($): 163,181,860
Weighted Average Current Mortgage Rate (%): 8.136
Weighted Average Margin (%): 5.710
Weighted Average Maximum Rate (%): 14.169
Weighted Average Original Months to Roll: 27
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 98.50
% First Liens: 100.00
% Owner Occupied: 91.32
% Purchase: 79.62
% Full Documentation: 51.80
Non-Zero Weighted Average FICO Score: 626

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               181          $35,682,317.63                 21.87%       8.600%            357           81.08%           97.68%          613       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         11            4,826,700.00                   2.96        7.498            357            81.17            99.28          643        34.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               38            8,186,675.21                   5.02        8.005            357            79.80            96.59          632        38.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                96           20,705,220.07                  12.69        8.042            357            80.98            99.58          633        37.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                          3            1,575,150.00                   0.97        6.889            356            77.56            99.70          635        42.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         16            6,354,140.00                   3.89        6.533            357            80.00            97.80          653        38.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          38           10,173,776.24                   6.23        8.061            357            80.38            99.03          629        41.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                           7            1,501,885.98                   0.92        8.339            357            85.08            99.50          625        43.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             2              668,680.65                   0.41        8.404            357            73.61            85.56          592        47.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         208           57,921,312.02                  35.49        8.244            357            83.05            98.94          625        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          38           10,918,808.83                   6.69        8.100            357            80.83            97.92          622        43.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            15            4,560,961.99                   2.80        7.252            357            80.12            99.46          642        44.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 1              106,231.49                   0.07        9.200            357            80.00            95.00          525        35.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           3           $1,397,652.52                  0.86%       5.500%            357           80.00%           98.51%          680       45.42%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           5            1,756,738.77                   1.08        5.791            356            80.00            99.96          643        35.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          21            9,167,593.07                   5.62        6.301            357            79.00            95.74          653        38.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          56           20,394,686.87                  12.50        6.813            357            79.17            98.12          646        41.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          50           16,840,546.31                  10.32        7.325            357            80.05            99.04          640        40.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         108           28,458,589.73                  17.44        7.810            357            80.85            99.33          635        40.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          95           21,942,615.73                  13.45        8.295            357            82.19            99.29          633        38.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         127           28,350,700.76                  17.37        8.808            357            83.01            98.35          616        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          82           17,410,465.52                  10.67        9.274            357            83.84            98.16          602        43.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         66           12,098,259.41                   7.41        9.786            357            83.83            97.98          586        44.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        27            4,230,881.16                   2.59       10.238            357            82.45            98.41          584        43.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         8              665,024.33                   0.41       10.735            357            82.57            97.27          562        38.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         4              247,105.14                   0.15       11.277            357            68.55            98.54          561        40.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         2              221,000.79                   0.14       11.830            357            70.00            89.34          541        38.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.500%
Maximum: 12.000%
Weighted Average: 8.136%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 84           $6,745,938.84                  4.13%       9.183%            357           81.93%           99.21%          602       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               139           17,477,330.40                  10.71        8.755            357            81.71            99.18          616        39.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               106           18,202,929.46                  11.15        8.437            357            82.22            99.25          623        42.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                75           16,838,814.51                  10.32        8.339            357            82.40            99.09          625        40.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                61           16,777,893.93                  10.28        8.336            357            81.45            99.38          624        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                43           13,798,552.92                   8.46        8.012            357            82.57            99.19          628        42.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                47           17,712,822.79                  10.85        8.121            357            80.81            98.64          628        41.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                27           11,309,243.33                   6.93        8.126            357            81.77            98.83          631        38.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                18            8,564,078.05                   5.25        7.725            357            81.70            98.25          623        42.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                15            7,862,068.04                   4.82        7.457            357            80.51            97.59          638        44.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                12            7,014,656.50                   4.30        7.900            357            83.05            97.93          629        32.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 7            4,380,054.01                   2.68        7.658            357            84.23            99.19          629        38.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 7            4,753,010.79                   2.91        7.687            357            77.37            96.88          623        42.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 3            2,217,684.80                   1.36        7.814            357            85.00           100.00          637        47.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 4            3,121,150.19                   1.91        7.367            357            74.36            88.53          612        47.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
900,000.01 - 950,000.00                                                 1              920,000.00                   0.56        5.500            357            80.00            97.74          698        48.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               2            1,971,513.68                   1.21        6.752            357            77.54            94.93          651        44.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                   3            3,514,117.87                   2.15        6.688            357            80.00            93.57          653        37.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $53,942.33
Maximum: $1,237,864.20
Weighted Average: $249,513.55

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 360 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 346 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                           4           $1,204,570.61                  0.74%       8.713%            357           72.33%           77.36%          560       44.50%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          10            4,992,752.38                   3.06        7.864            357            75.05            83.55          597        37.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          11            4,536,397.43                   2.78        7.750            357            75.08            89.07          611        47.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          52           13,412,341.66                   8.22        8.528            357            83.52            94.62          612        44.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        577          139,035,798.03                  85.20        8.115            357            81.88            99.90          629        40.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 75.22%
Maximum: 100.00%
Weighted Average: 98.50%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             55          $13,416,317.85                  8.22%       7.769%            357           79.60%           97.02%          633       40.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           1              290,065.02                   0.18        5.500            355            80.00           100.00          644        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           6            2,689,728.99                   1.65        5.687            357            80.00            99.20          659        38.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          11            5,297,393.66                   3.25        6.227            357            78.34            96.26          652        40.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          40           14,600,587.65                   8.95        6.745            357            80.11            98.87          648        40.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          42           15,684,046.67                   9.61        7.215            357            79.39            98.16          636        41.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          83           23,020,851.48                  14.11        7.715            357            80.40            99.16          641        39.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          97           22,794,177.27                  13.97        8.166            357            82.14            99.33          630        40.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         110           24,349,781.66                  14.92        8.694            357            82.97            98.87          624        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         209           41,038,909.86                  25.15        9.416            357            83.51            98.17          596        43.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.920%
Maximum: 6.990%
Non-Zero Weighted Average: 5.710%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             55          $13,416,317.85                  8.22%       7.769%            357           79.60%           97.02%          633       40.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           3            1,397,652.52                   0.86        5.500            357            80.00            98.51          680        45.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           5            1,756,738.77                   1.08        5.791            356            80.00            99.96          643        35.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          16            6,814,679.72                   4.18        6.282            357            78.71            97.09          651        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          46           17,385,341.69                  10.65        6.803            357            79.49            98.21          645        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          45           15,479,313.63                   9.49        7.322            357            79.93            99.08          639        39.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          99           26,534,970.23                  16.26        7.809            357            81.00            99.28          636        40.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          92           20,867,360.46                  12.79        8.291            357            82.03            99.25          634        38.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         115           26,952,295.30                  16.52        8.801            357            83.37            98.69          617        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          78           16,271,761.16                   9.97        9.285            357            84.24            98.04          601        43.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         62           11,474,547.93                   7.03        9.780            357            83.84            97.87          585        44.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        26            3,831,732.34                   2.35       10.257            357            82.18            98.25          584        43.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         7              584,984.91                   0.36       10.732            357            81.55            96.89          564        39.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         3              193,162.81                   0.12       11.340            357            62.56            98.13          562        36.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         2              221,000.79                   0.14       11.830            357            70.00            89.34          541        38.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.500%
Maximum: 12.000%
Non-Zero Weighted Average: 8.169%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             55          $13,416,317.85                  8.22%       7.769%            357           79.60%           97.02%          633       40.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         3            1,397,652.52                   0.86        5.500            357            80.00            98.51          680        45.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         5            1,756,738.77                   1.08        5.791            356            80.00            99.96          643        35.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        16            6,814,679.72                   4.18        6.282            357            78.71            97.09          651        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        46           17,385,341.69                  10.65        6.803            357            79.49            98.21          645        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        45           15,479,313.63                   9.49        7.322            357            79.93            99.08          639        39.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        99           26,534,970.23                  16.26        7.809            357            81.00            99.28          636        40.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        92           20,867,360.46                  12.79        8.291            357            82.03            99.25          634        38.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       115           26,952,295.30                  16.52        8.801            357            83.37            98.69          617        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        78           16,271,761.16                   9.97        9.285            357            84.24            98.04          601        43.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        62           11,474,547.93                   7.03        9.780            357            83.84            97.87          585        44.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        26            3,831,732.34                   2.35       10.257            357            82.18            98.25          584        43.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                         7              584,984.91                   0.36       10.732            357            81.55            96.89          564        39.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         3              193,162.81                   0.12       11.340            357            62.56            98.13          562        36.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         2              221,000.79                   0.14       11.830            357            70.00            89.34          541        38.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.500%
Maximum: 18.000%
Non-Zero Weighted Average: 14.169%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             55          $13,416,317.85                  8.22%       7.769%            357           79.60%           97.02%          633       40.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 599          149,765,542.26                  91.78        8.169            357            81.72            98.63          625        41.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             55          $13,416,317.85                  8.22%       7.769%            357           79.60%           97.02%          633       40.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 599          149,765,542.26                  91.78        8.169            357            81.72            98.63          625        41.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             55          $13,416,317.85                  8.22%       7.769%            357           79.60%           97.02%          633       40.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2008                                                           1              154,557.78                   0.09        8.300            346            80.00           100.00          594        46.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April, 2008                                                             1              172,252.85                   0.11        8.100            349            80.00           100.00          603        50.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
May, 2008                                                               1              181,600.00                   0.11        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.08        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              3              583,400.96                   0.36        8.373            352            77.31           100.00          672        45.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            2              257,361.48                   0.16        7.652            353            80.00           100.00          654        49.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         9            1,862,884.32                   1.14        8.029            354            79.27           100.00          615        42.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          14            4,372,632.17                   2.68        8.012            355            81.38           100.00          612        42.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         26            7,371,346.11                   4.52        8.622            356            82.37            97.39          601        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        251           63,336,376.54                  38.81        8.339            357            82.02            98.82          625        41.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         129           30,184,966.66                  18.50        8.239            358            82.52            97.88          622        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         2              844,000.00                   0.52        6.836            354            80.00            98.30          643        43.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           5            1,319,366.57                   0.81        7.179            355            81.67           100.00          629        38.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         13            3,272,198.03                   2.01        7.488            356            80.55            99.96          638        31.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         94           24,433,871.03                  14.97        7.744            357            80.82            98.94          634        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          46           11,185,769.25                   6.85        8.125            358            80.81            98.28          630        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          1              106,231.49                   0.07        9.200            357            80.00            95.00          525        35.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      3             $334,851.60                  0.21%      10.273%            357           74.75%           81.43%          540       30.60%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     10            2,651,805.30                   1.63        8.541            357            85.07           100.00          622        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     86           35,196,446.53                  21.57        7.559            357            81.02            98.21          635        39.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     12            2,477,228.27                   1.52        7.852            357            80.70            99.62          646        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      4              902,549.81                   0.55        7.914            357            85.35            98.50          626        45.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      4            1,227,257.95                   0.75        8.062            357            84.36           100.00          638        39.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     87           19,570,632.88                  11.99        8.705            357            82.65            99.30          615        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     34            6,898,938.05                   4.23        8.497            357            82.50            97.60          609        43.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      6            2,577,094.81                   1.58        7.861            356            79.30            96.25          605        47.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      3              496,278.87                   0.30        7.551            357            81.63           100.00          663        40.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     57           10,996,308.34                   6.74        8.596            357            80.81            98.60          633        43.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     11              812,901.20                   0.50        9.533            357            84.23            99.19          619        43.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      3              420,772.34                   0.26        9.154            357            84.87           100.00          628        43.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      1              120,774.77                   0.07        8.500            358            80.00           100.00          631         6.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     26            7,757,862.11                   4.75        7.689            357            80.83            96.88          642        43.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     28            8,716,305.28                   5.34        8.000            357            81.48            98.53          623        43.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      1              164,410.68                   0.10        8.700            357            90.00           100.00          590        54.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      3              298,586.01                   0.18        9.187            357            82.14            94.47          541        49.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     12            2,497,868.17                   1.53        8.826            357            86.24            99.98          613        39.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      9            1,004,051.21                   0.62        9.022            357            84.16            99.66          610        42.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     18            3,244,221.97                   1.99        8.458            357            76.07            95.43          587        36.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      1              144,200.51                   0.09        9.850            357            95.00           100.00          589        48.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     22            6,244,507.74                   3.83        8.224            357            80.50            98.32          620        41.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      5            1,229,079.60                   0.75        8.526            357            81.10            99.71          637        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      9            3,084,637.94                   1.89        7.388            357            79.86            97.75          653        45.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     48           18,973,251.92                  11.63        7.983            357            81.85            98.90          637        42.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     11            1,481,068.39                   0.91        7.737            357            82.11            99.14          634        39.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      1              155,420.81                   0.10        8.600            357            90.00           100.00          623        32.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      4              688,494.73                   0.42        8.147            357            83.52            99.30          640        39.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     13            1,742,648.90                   1.07        8.313            357            80.59            99.28          620        38.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     13            3,797,443.98                   2.33        8.214            357            82.43            96.48          616        45.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     10            1,171,465.70                   0.72        9.089            357            86.58            99.52          576        42.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      8            1,098,010.31                   0.67        9.284            357            85.42           100.00          588        35.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     47            6,273,604.15                   3.84        8.231            357            80.04           100.00          621        39.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      3              846,457.19                   0.52        7.768            357            82.27           100.00          626        37.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     14            2,898,230.21                   1.78        8.274            357            78.97            99.56          623        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1              163,958.51                   0.10        8.000            358            80.00            95.00          641        40.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      7            2,343,790.88                   1.44        8.145            357            81.38            98.44          606        36.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     19            2,478,442.49                   1.52        8.767            357            82.81            99.16          616        38.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 39

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    67          $13,110,845.39                  8.03%       9.043%            357           81.71%           97.59%          624       42.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        583          149,014,417.41                  91.32        8.054            357            81.49            98.59          626        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                             4            1,056,597.31                   0.65        8.456            357            87.31            97.31          595        51.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         512         $125,391,847.08                 76.84%       8.157%            357           81.60%           98.49%          624       40.82%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          100           29,166,535.76                  17.87        8.025            357            81.72            98.14          630        42.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  41            8,470,840.02                   5.19        8.180            357            80.05            99.81          635        41.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.09        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              545         $129,927,954.73                 79.62%       8.322%            357           82.25%           99.30%          624       41.17%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              100           31,030,984.91                  19.02        7.403            357            78.49            95.22          633        41.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                               9            2,222,920.47                   1.36        7.473            357            83.08            97.81          630        40.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    345          $84,520,093.69                 51.80%       7.738%            357           82.12%           98.02%          619       41.15%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  10            2,930,351.27                   1.80        8.377            357            82.01            96.70          604        36.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  299           75,731,415.15                  46.41        8.571            357            80.88            99.10          634        41.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     204          $46,393,171.70                 28.43%       8.312%            357           81.77%           98.71%          629       42.21%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     99           30,319,640.40                  18.58        8.156            357            82.47            98.63          630        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    253           61,757,542.65                  37.85        8.234            357            81.73            98.42          619        40.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     98           24,711,505.36                  15.14        7.536            357            79.54            98.14          631        38.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              11           $1,957,894.78                  1.20%       9.736%            357           78.67%           92.39%          517       46.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              22            4,027,617.63                   2.47        9.427            357            79.88            95.16          538        46.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              82           15,674,526.81                   9.61        9.216            357            82.12            95.81          561        42.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              73           16,488,492.60                  10.10        8.893            357            83.88            98.68          589        45.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             126           30,349,474.42                  18.60        8.189            357            83.26            99.02          613        42.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             190           52,903,822.97                  32.42        7.865            357            80.50            99.30          640        39.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             102           30,198,198.14                  18.51        7.498            357            80.47            98.40          662        38.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              48           11,581,832.76                   7.10        7.635            357            81.65            99.31          686        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 503
Maximum: 699
Weighted Average: 626

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           19           $5,364,112.07                  3.29%       7.634%            357           82.08%           95.97%          638       13.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          15            3,320,502.93                   2.03        7.854            357            81.69            99.28          622        22.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          35            8,616,755.00                   5.28        7.855            357            81.80            99.87          632        28.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          62           12,381,782.31                   7.59        8.365            357            81.33            99.66          633        32.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         134           33,134,989.85                  20.31        8.109            357            80.83            99.22          633        37.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         147           38,891,713.67                  23.83        8.053            357            81.64            98.26          632        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         165           44,857,782.23                  27.49        8.126            357            81.83            98.47          624        47.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          77           16,614,222.05                  10.18        8.604            357            81.83            96.81          590        52.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                654         $163,181,860.11                100.00%       8.136%            357           81.55%           98.50%          626       41.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 2.82%
Maximum: 54.99%
Weighted Average: 41.16%

2007-FRE1
Carrington Capital Management, LLC
Second Liens

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 250
Aggregate Principal Balance ($): 15,005,371
Weighted Average Current Mortgage Rate (%): 11.131
Weighted Average Margin (%): 0.000
Weighted Average Maximum Rate (%): 0.000
Weighted Average Original Months to Roll: 0
Weighted Average Stated Original Term (months): 351
Weighted Average Stated Remaining Term (months): 348
Weighted Average Combined Original LTV (%): 99.74
% First Liens: 0.00
% Owner Occupied: 99.54
% Purchase: 82.53
% Full Documentation: 47.74
Non-Zero Weighted Average FICO Score: 643

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                4             $176,663.69                  1.18%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                               22              462,909.23                   3.08       10.762            177            99.43            99.43          640        36.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                1               59,860.55                   0.40       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              223           14,305,937.20                  95.34       11.147            357            99.75            99.75          643        36.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         41           $1,661,011.43                 11.07%       9.959%            321           99.94%           99.94%          636       39.23%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        31            2,168,572.45                  14.45       10.297            357            99.88            99.88          650        32.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        45            2,970,487.11                  19.80       10.889            344            99.78            99.78          652        36.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        86            5,317,035.77                  35.43       11.411            354            99.92            99.92          644        36.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        23            1,405,959.13                   9.37       11.766            350            99.67            99.67          643        40.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        14              996,564.59                   6.64       12.352            354            99.81            99.81          613        25.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         9              359,821.38                   2.40       12.774            339            95.24            95.24          625        38.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.84       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 9.700%
Maximum: 13.325%
Weighted Average: 11.131%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                      127           $4,146,058.74                 27.63%      11.036%            333           99.40%           99.40%          642       35.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 91            6,623,275.32                  44.14       11.071            356            99.83            99.83          645        35.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                24            2,857,916.78                  19.05       11.273            348            99.92            99.92          639        37.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                 8            1,378,119.83                   9.18       11.405            357           100.00           100.00          642        37.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $189,877.98
Weighted Average: $60,021.48

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  1.18%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              22              462,909.23                   3.08       10.762            177            99.43            99.43          640        36.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               59,860.55                   0.40       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             223           14,305,937.20                  95.34       11.147            357            99.75            99.75          643        36.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 351 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  1.18%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              22              462,909.23                   3.08       10.762            177            99.43            99.43          640        36.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               59,860.55                   0.40       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             223           14,305,937.20                  95.34       11.147            357            99.75            99.75          643        36.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 348 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                           1              $28,486.75                  0.19%      12.950%            358           80.00%           80.00%          600        3.94%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                           1               38,130.81                   0.25       12.600            358            83.64            83.64          623        49.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          10              315,658.96                   2.10       11.914            327            95.00            95.00          655        45.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        238           14,623,094.15                  97.45       11.106            349            99.93            99.93          642        36.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 80.00%
Maximum: 100.00%
Weighted Average: 99.74%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 0.000%
Maximum: 0.000%
Non-Zero Weighted Average: 0.000%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 0.000%
Maximum: 0.000%
Non-Zero Weighted Average: 0.000%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 0.000%
Maximum: 0.000%
Non-Zero Weighted Average: 0.000%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 0.000%
Maximum: 0.000%
Non-Zero Weighted Average: 0.000%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 0.000%
Maximum: 0.000%
Non-Zero Weighted Average: 0.000%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                      3             $155,145.97                  1.03%      10.602%            357          100.00%          100.00%          647       23.30%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     31            3,177,074.51                  21.17       11.300            349            99.97            99.97          641        35.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      6              251,070.59                   1.67       10.885            357           100.00           100.00          640        43.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      2               47,894.35                   0.32       11.888            302            98.44            98.44          636        19.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      2              172,793.84                   1.15       10.555            357           100.00           100.00          655        29.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     26            1,539,417.77                  10.26       11.615            357            99.76            99.76          639        38.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     14              533,052.53                   3.55       11.040            342            99.46            99.46          653        35.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      1               63,814.30                   0.43        9.990            357           100.00           100.00          641        43.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     21              980,685.30                   6.54       11.151            353            99.82            99.82          652        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      2               71,099.91                   0.47       10.864            357           100.00           100.00          649        47.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     20            1,232,498.38                   8.21       11.370            352            98.77            98.77          641        27.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     11              655,802.76                   4.37       10.611            357            99.10            99.10          646        37.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      4              238,195.65                   1.59       11.381            357           100.00           100.00          634        39.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      4              121,771.43                   0.81       10.876            325           100.00           100.00          649        39.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      6              239,024.54                   1.59       11.885            332            99.19            99.19          618        34.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                      8              722,272.47                   4.81       11.022            357            99.89            99.89          640        42.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      1              174,831.53                   1.17       11.525            357           100.00           100.00          662        42.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      2              130,831.01                   0.87       10.922            357           100.00           100.00          643        22.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     20            1,716,097.85                  11.44       11.117            357            99.89            99.89          657        35.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      6              268,197.98                   1.79       10.802            328            99.97            99.97          650        25.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      3              105,493.25                   0.70       10.626            357            99.01            99.01          650        18.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                      5              205,790.98                   1.37       11.386            357           100.00           100.00          641        32.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      1               64,894.13                   0.43       11.500            355           100.00           100.00          647        47.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      1               19,683.53                   0.13       12.325            177           100.00           100.00          604        26.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      2               57,331.97                   0.38       11.384            357           100.00           100.00          643        28.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     33            1,233,409.73                   8.22       10.167            316           100.00           100.00          625        42.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      1               62,349.67                   0.42       12.325            357           100.00           100.00          619        16.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      5              440,566.55                   2.94       11.471            341           100.00           100.00          635        38.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1               30,730.25                   0.20       11.500            358            95.00            95.00          641        46.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      1               41,924.75                   0.28       10.000            356           100.00           100.00          676        16.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                      7              251,623.19                   1.68       10.998            330           100.00           100.00          630        43.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 31

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                     2              $68,704.37                  0.46%      12.667%            358           88.70%           88.70%          627       46.48%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        248           14,936,666.30                  99.54       11.124            348            99.79            99.79          643        36.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         187          $10,959,713.71                 73.04%      11.049%            347           99.84%           99.84%          642       37.40%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           42            2,754,873.11                  18.36       11.405            350            99.30            99.30          644        32.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  21            1,290,783.85                   8.60       11.241            357            99.88            99.88          646        33.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              201          $12,383,264.61                 82.53%      11.131%            348           99.87%           99.87%          643       36.28%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                               49            2,622,106.06                  17.47       11.129            348            99.16            99.16          642        35.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    130           $7,163,744.03                 47.74%      10.960%            347           99.61%           99.61%          632       35.03%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   2              166,877.64                   1.11       11.664            358           100.00           100.00          635        23.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  118            7,674,749.00                  51.15       11.278            349            99.86            99.86          652        37.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     131           $6,667,885.83                 44.44%      11.088%            344           99.54%           99.54%          640       36.98%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     28            2,262,176.35                  15.08       11.235            357            99.84            99.84          649        36.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                     58            4,133,699.79                  27.55       11.180            348            99.98            99.98          644        35.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     33            1,941,608.70                  12.94       11.049            352            99.82            99.82          641        34.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 24

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                               6             $276,365.87                  1.84%      11.841%            357           97.93%           97.93%          600       23.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              47            2,411,669.41                  16.07       11.469            341            99.61            99.61          613        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             123            8,284,561.99                  55.21       11.118            354            99.83            99.83          641        37.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              55            3,160,047.69                  21.06       10.915            338            99.79            99.79          661        34.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              19              872,725.71                   5.82       10.868            349            99.74            99.74          684        33.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 600
Maximum: 698
Weighted Average: 643

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           46           $2,623,034.95                 17.48%      11.154%            350           99.68%           99.68%          641       14.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          15              962,015.91                   6.41       10.864            349            99.99            99.99          650        22.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          15              852,831.45                   5.68       11.521            353            99.84            99.84          641        26.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          17            1,077,855.63                   7.18       11.182            323            99.82            99.82          646        31.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          23            1,281,178.59                   8.54       11.131            349           100.00           100.00          638        37.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                          47            2,763,273.45                  18.42       11.275            352            99.89            99.89          646        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                          86            5,428,283.90                  36.18       11.019            350            99.58            99.58          641        48.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                           1               16,896.79                   0.11       11.990            177            95.00            95.00          688        51.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                250          $15,005,370.67                100.00%      11.131%            348           99.74%           99.74%          643       36.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.94%
Maximum: 51.46%
Weighted Average: 36.22%

2007-FRE1
Carrington Capital Management, LLC
Purchase Loans

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 1,207
Aggregate Principal Balance ($): 265,336,996
Weighted Average Current Mortgage Rate (%): 8.419
Weighted Average Margin (%): 5.857
Weighted Average Maximum Rate (%): 14.350
Weighted Average Original Months to Roll: 27
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 92.50
% First Liens: 95.33
% Owner Occupied: 89.63
% Purchase: 100.00
% Full Documentation: 52.27
Non-Zero Weighted Average FICO Score: 621

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                4             $176,663.69                  0.07%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                               16              336,818.81                   0.13       10.623            177            99.78            99.78          635        35.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                1               59,860.55                   0.02       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               270           53,822,461.57                  20.28        8.694            357            81.81            91.43          608        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         12            5,246,600.00                   1.98        7.212            357            79.69            93.42          644        36.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              248           24,721,844.04                   9.32        9.388            357            88.33            92.36          634        37.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               127           24,717,310.59                   9.32        8.524            357            82.60            94.09          622        37.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                          2              685,522.00                   0.26        7.343            358            85.82            94.18          630        35.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         11            3,942,940.00                   1.49        6.696            357            81.69            93.32          646        33.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          54           14,371,574.20                   5.42        8.004            357            82.49            94.17          633        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          15            3,577,454.85                   1.35        7.590            357            87.44            93.49          630        40.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             6            2,283,912.98                   0.86        6.922            357            84.13            86.57          663        44.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         336           96,311,425.81                  36.30        8.344            357            84.89            93.40          619        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          83           26,751,820.30                  10.08        8.313            357            85.77            90.81          615        43.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           2              617,204.10                   0.23        8.616            357            90.00            90.00          633        41.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            18            7,231,872.48                   2.73        7.620            357            80.92            86.11          642        37.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 2              481,709.77                   0.18        7.017            357            87.74            91.05          640        20.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           3             $897,372.97                  0.34%       5.430%            357           80.00%           90.65%          655       43.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           7            2,856,288.81                   1.08        5.871            357            79.59            91.87          648        35.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          28           10,747,328.57                   4.05        6.365            357            81.44            86.29          659        37.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          71           25,107,424.87                   9.46        6.800            357            80.61            90.78          647        38.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          75           27,617,321.35                  10.41        7.324            357            83.26            91.99          638        39.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         139           38,780,014.58                  14.62        7.810            357            82.04            92.56          631        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         148           37,612,657.68                  14.18        8.315            357            84.23            93.38          623        39.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         201           48,040,402.39                  18.11        8.808            357            85.34            93.27          610        40.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         126           27,059,377.38                  10.20        9.283            357            84.68            93.54          601        42.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        154           24,414,452.33                   9.20        9.772            355            85.78            92.44          593        42.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        69            8,609,551.21                   3.24       10.260            357            85.87            93.58          592        40.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        62            5,081,738.20                   1.92       10.822            350            89.07            90.84          610        37.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        78            5,291,530.82                   1.99       11.361            355            94.55            95.67          627        38.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        27            1,887,520.82                   0.71       11.752            355            92.99            95.25          616        39.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        13            1,005,061.48                   0.38       12.340            354            94.69            94.69          604        26.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         5              203,033.47                   0.08       12.782            344            97.96            97.96          625        38.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.05       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.350%
Maximum: 13.325%
Weighted Average: 8.419%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                      100           $3,293,301.23                  1.24%      10.966%            333           99.04%           99.04%          640       35.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                231           17,430,244.86                   6.57        9.935            357            89.62            95.67          618        38.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               195           24,111,051.49                   9.09        9.161            356            85.26            95.73          614        39.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               161           27,893,917.60                  10.51        8.686            357            83.49            92.55          616        41.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               126           28,269,907.49                  10.65        8.429            357            83.33            92.45          619        40.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                93           25,636,753.72                   9.66        8.358            357            83.19            92.51          617        40.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                64           20,691,897.62                   7.80        8.160            357            83.90            93.69          624        41.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                69           26,009,817.07                   9.80        8.090            357            82.67            92.61          624        40.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                43           17,994,429.12                   6.78        8.410            357            84.01            92.76          614        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                39           18,659,952.77                   7.03        8.060            357            84.67            90.31          613        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                21           11,056,596.26                   4.17        7.726            357            85.14            94.30          642        44.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                25           14,488,859.15                   5.46        7.802            357            83.91            90.08          634        39.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                11            6,905,614.39                   2.60        8.088            357            82.38            87.35          615        35.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                11            7,441,894.05                   2.80        7.551            357            82.39            92.49          623        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 4            2,933,379.50                   1.11        7.518            357            83.78            95.12          643        45.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 8            6,327,326.51                   2.38        8.339            357            82.62            82.87          620        39.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
850,000.01 - 900,000.00                                                 1              875,000.00                   0.33        6.000            357            76.09            76.09          656        43.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
950,000.01 - 1,000,000.00                                               2            1,971,062.35                   0.74        7.082            357            74.41            86.73          636        47.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                   3            3,345,990.56                   1.26        6.983            356            80.00            87.40          651        37.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $1,237,864.20
Weighted Average: $219,831.81

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.07%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              16              336,818.81                   0.13       10.623            177            99.78            99.78          635        35.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               59,860.55                   0.02       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,186          264,763,652.69                  99.78        8.414            357            84.12            92.48          621        40.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.07%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              16              336,818.81                   0.13       10.623            177            99.78            99.78          635        35.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               59,860.55                   0.02       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,186          264,763,652.69                  99.78        8.414            357            84.12            92.48          621        40.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           1             $199,762.04                  0.08%      10.550%            357           29.39%           29.39%          568       47.25%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           2              246,756.38                   0.09        7.834            357            36.96            36.96          595        42.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           2              379,376.65                   0.14        7.016            358            44.06            44.06          624        26.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           1              212,649.79                   0.08        7.000            358            46.30            46.30          609        48.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           4              614,479.49                   0.23       10.022            357            52.33            52.33          576        35.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           5            1,494,151.00                   0.56        7.009            357            58.75            58.75          593        33.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          10            2,845,158.22                   1.07        8.545            357            64.40            64.40          585        38.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          12            2,599,312.63                   0.98        8.052            357            69.15            69.15          609        36.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          16            5,415,550.51                   2.04        8.767            357            74.34            74.34          582        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         119           35,861,638.92                  13.52        8.126            357            79.78            79.78          619        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          52           14,571,268.38                   5.49        8.098            358            84.17            84.41          607        40.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         165           46,534,092.52                  17.54        8.329            357            89.52            89.89          618        39.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          77           16,769,680.53                   6.32        8.656            357            88.12            94.75          607        44.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        741          137,593,118.68                  51.86        8.534            356            84.82            99.95          629        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 29.39%
Maximum: 100.00%
Weighted Average: 92.50%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            293          $34,810,972.55                 13.12%       8.881%            354           86.70%           90.81%          637       38.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           2              709,785.47                   0.27        5.411            357            80.00            88.17          658        45.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           5            1,769,728.99                   0.67        5.784            357            80.00            99.96          639        33.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           9            3,648,909.73                   1.38        6.189            357            82.17            89.26          659        37.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          44           16,328,549.13                   6.15        6.705            357            82.12            93.82          645        40.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          67           26,289,014.23                   9.91        7.217            357            83.55            92.02          643        39.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         108           32,806,516.66                  12.36        7.705            357            82.09            92.54          630        40.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         133           32,869,447.05                  12.39        8.165            357            83.95            94.23          626        40.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         186           44,972,346.01                  16.95        8.678            357            85.25            93.01          615        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         360           71,131,725.92                  26.81        9.524            357            84.18            92.07          593        42.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.920%
Maximum: 6.990%
Non-Zero Weighted Average: 5.857%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            293          $34,810,972.55                 13.12%       8.881%            354           86.70%           90.81%          637       38.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           3              897,372.97                   0.34        5.430            357            80.00            90.65          655        43.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           6            2,631,738.77                   0.99        5.861            357            78.70            92.03          647        37.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          14            5,129,947.75                   1.93        6.352            357            83.88            91.36          649        38.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          56           20,294,721.03                   7.65        6.810            357            82.12            93.57          648        39.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          68           26,298,034.83                   9.91        7.325            357            83.70            92.47          638        39.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         126           35,627,370.87                  13.43        7.805            357            82.20            92.82          632        41.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         143           36,161,698.45                  13.63        8.313            357            84.13            93.29          623        39.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         185           45,677,062.03                  17.21        8.806            357            85.45            93.54          610        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         121           25,826,316.55                   9.73        9.289            357            84.96            93.27          600        43.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        114           22,339,374.47                   8.42        9.759            357            84.94            91.82          590        42.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        40            5,676,787.40                   2.14       10.276            357            82.64            93.27          579        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        20            2,278,790.97                   0.86       10.775            356            76.91            80.52          559        38.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        11            1,068,111.00                   0.40       11.183            358            73.77            78.84          563        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         5              458,906.22                   0.17       11.745            357            72.59            81.91          540        36.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         2              159,789.88                   0.06       12.282            357            66.63            66.63          561        39.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.350%
Maximum: 12.350%
Non-Zero Weighted Average: 8.350%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            293          $34,810,972.55                 13.12%       8.881%            354           86.70%           90.81%          637       38.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         3              897,372.97                   0.34        5.430            357            80.00            90.65          655        43.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         6            2,631,738.77                   0.99        5.861            357            78.70            92.03          647        37.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        14            5,129,947.75                   1.93        6.352            357            83.88            91.36          649        38.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        56           20,294,721.03                   7.65        6.810            357            82.12            93.57          648        39.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        68           26,298,034.83                   9.91        7.325            357            83.70            92.47          638        39.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       126           35,627,370.87                  13.43        7.805            357            82.20            92.82          632        41.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       143           36,161,698.45                  13.63        8.313            357            84.13            93.29          623        39.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       185           45,677,062.03                  17.21        8.806            357            85.45            93.54          610        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       121           25,826,316.55                   9.73        9.289            357            84.96            93.27          600        43.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       114           22,339,374.47                   8.42        9.759            357            84.94            91.82          590        42.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        40            5,676,787.40                   2.14       10.276            357            82.64            93.27          579        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        20            2,278,790.97                   0.86       10.775            356            76.91            80.52          559        38.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        11            1,068,111.00                   0.40       11.183            358            73.77            78.84          563        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         5              458,906.22                   0.17       11.745            357            72.59            81.91          540        36.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         2              159,789.88                   0.06       12.282            357            66.63            66.63          561        39.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.350%
Maximum: 18.350%
Non-Zero Weighted Average: 14.350%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            293          $34,810,972.55                 13.12%       8.881%            354           86.70%           90.81%          637       38.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 914          230,526,023.19                  86.88        8.349            357            83.76            92.75          619        40.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            293          $34,810,972.55                 13.12%       8.881%            354           86.70%           90.81%          637       38.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 914          230,526,023.19                  86.88        8.349            357            83.76            92.75          619        40.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            293          $34,810,972.55                 13.12%       8.881%            354           86.70%           90.81%          637       38.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2008                                                           1              154,557.78                   0.06        8.300            346            80.00           100.00          594        46.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
May, 2008                                                               1              181,600.00                   0.07        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.05        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              4              750,102.28                   0.28        8.590            352            80.13            97.78          676        42.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            2              257,361.48                   0.10        7.652            353            80.00           100.00          654        49.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        14            3,101,741.23                   1.17        9.070            354            80.14            87.91          593        43.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          17            5,166,577.20                   1.95        8.656            355            79.10            90.77          598        44.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         38           11,193,325.27                   4.22        8.561            356            84.51            93.37          608        42.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        354           92,332,609.02                  34.80        8.352            357            83.06            93.58          623        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         240           56,487,460.30                  21.29        8.359            358            84.83            91.83          612        41.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           6            1,452,552.54                   0.55        8.210            355            81.51            92.82          601        38.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         22            7,114,582.34                   2.68        7.981            356            83.68            92.02          629        36.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        140           33,337,527.38                  12.56        8.207            357            84.89            93.50          625        39.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          70           17,770,385.48                   6.70        8.405            358            83.63            90.91          612        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          4            1,098,913.87                   0.41        7.915            357            89.01            90.46          636        32.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AK                                                                      1             $207,586.96                  0.08%       8.100%            357           80.00%           80.00%          600       34.03%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      3              179,357.23                   0.07       10.096            358            93.01            94.51          628        35.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      1              166,527.46                   0.06        9.050            357           100.00           100.00          615        48.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     18            3,920,886.22                   1.48        8.401            357            86.22            95.29          616        42.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    179           61,721,260.28                  23.26        7.958            357            83.22            90.95          626        39.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     13            2,582,657.19                   0.97        7.989            357            82.87            95.06          628        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     19            3,756,776.79                   1.42        8.874            357            82.95            86.11          596        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      8            3,080,332.09                   1.16        8.046            357            82.69            87.44          607        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      4            1,154,572.29                   0.44        7.575            358            83.21            83.21          633        37.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    180           39,227,634.95                  14.78        8.628            357            84.22            92.42          616        39.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     58            8,606,281.51                   3.24        8.860            356            85.27            93.94          608        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     10            3,336,517.17                   1.26        8.252            357            80.54            87.45          601        43.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      1              104,208.92                   0.04        8.500            357            90.00            90.00          612        45.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      8            1,489,654.78                   0.56        7.805            357            85.26            91.37          645        38.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     80           12,619,448.44                   4.76        9.036            356            85.07            97.10          629        41.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     17            1,364,535.58                   0.51        8.970            357            86.38            93.24          629        39.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      6              974,308.95                   0.37        9.187            357            84.71            88.78          593        44.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      4            1,416,749.83                   0.53        7.548            357            83.48            85.19          639        42.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     37            7,181,178.39                   2.71        8.398            357            83.21            96.51          643        40.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     61           15,011,518.88                   5.66        8.402            357            85.06            93.40          615        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      3              316,210.94                   0.12        8.885            357            78.49            83.69          570        46.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      6              517,404.98                   0.19        9.380            356            85.21            90.31          571        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     14            2,133,200.31                   0.80        9.071            357            88.28            98.63          605        39.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                     14            1,317,087.12                   0.50        9.448            357            88.30            98.81          604        42.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     30            3,329,224.88                   1.25        9.341            355            84.77            94.06          597        36.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      2              223,876.74                   0.08        9.654            357            95.00            98.22          593        44.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      1              207,854.62                   0.08        8.500            357            80.00            80.00          616        41.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     49           13,760,461.56                   5.19        8.671            357            84.44            91.54          627        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      7            1,494,760.89                   0.56        8.905            357            82.63            97.94          636        42.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      8            2,226,008.72                   0.84        8.455            358            82.77            93.41          616        42.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     95           31,927,333.74                  12.03        8.190            357            83.26            91.84          634        40.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     15            1,480,974.75                   0.56        8.448            352            85.63            95.49          629        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      1              155,420.81                   0.06        8.600            357            90.00           100.00          623        32.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                     10            1,406,072.03                   0.53        8.514            357            86.55            92.00          642        40.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     33            4,505,856.55                   1.70        8.751            357            85.40            92.45          612        38.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     12            2,608,355.42                   0.98        8.846            357            84.94            96.99          617        42.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     18            2,096,336.73                   0.79        9.273            355            87.82            95.05          586        38.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     14            1,948,303.98                   0.73        8.699            357            88.26            95.40          606        30.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     96            9,753,059.57                   3.68        8.455            352            84.73            97.34          625        40.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      6            1,459,613.34                   0.55        8.333            358            86.06            92.93          616        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     31            7,591,708.33                   2.86        8.463            356            83.52            90.61          610        40.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1              311,272.65                   0.12        7.300            357            80.00            80.00          683        44.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     13            4,243,591.52                   1.60        8.480            357            85.57            90.31          579        43.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     20            2,221,011.65                   0.84        9.403            357            88.86            95.04          609        38.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 44

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                   124          $23,296,227.80                  8.78%       8.910%            357           82.23%           90.73%          632       41.31%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      1,066          237,826,690.69                  89.63        8.374            357            84.35            92.79          620        40.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            17            4,214,077.25                   1.59        8.238            357            83.26            85.77          604        36.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         945         $204,610,787.26                 77.11%       8.376%            357           84.27%           92.31%          620       40.42%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          165           42,357,586.77                  15.96        8.566            357            84.30            93.92          626        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  96           18,215,984.46                   6.87        8.554            357            82.36            91.26          621        38.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.06        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                            1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    659         $138,704,772.54                 52.27%       8.063%            357           85.37%           92.20%          615       40.18%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  15            3,618,718.66                   1.36        8.534            358            84.89            91.28          595        38.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  533          123,013,504.54                  46.36        8.817            357            82.75            92.87          628        40.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     409          $72,901,221.62                 27.47%       8.797%            356           84.85%           93.74%          624       41.55%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    169           50,195,737.82                  18.92        8.344            357            84.29            92.29          626        40.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    472          107,641,892.36                  40.57        8.411            357            84.14            92.47          615        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    157           34,598,143.94                  13.04        7.755            357            82.48            90.25          628        39.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   1,006         $252,953,731.13                 95.33%       8.286%            357           83.38%           92.14%          620       40.74%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     201           12,383,264.61                   4.67       11.131            348            99.87            99.87          643        36.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              1             $411,605.76                  0.16%       9.650%            358           74.91%           74.91%          500       21.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              21            4,139,572.42                   1.56        9.885            357            78.37            83.87          520        42.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              40            7,244,329.00                   2.73        9.550            357            79.51            86.27          539        43.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             140           29,910,448.93                  11.27        9.093            357            82.53            88.72          562        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             145           33,466,455.93                  12.61        8.855            357            84.72            91.61          589        42.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             259           56,943,563.03                  21.46        8.455            357            85.61            92.38          612        41.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             331           71,289,884.93                  26.87        8.253            357            84.44            95.36          640        39.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             177           40,260,254.83                  15.17        7.775            356            84.07            93.89          662        39.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              93           21,670,880.91                   8.17        7.783            357            83.69            91.47          685        36.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 699
Weighted Average: 621

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           78          $12,135,856.18                  4.57%       8.456%            356           87.07%           90.89%          635       14.72%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          40            7,107,359.51                   2.68        8.116            357            83.35            91.46          625        22.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          73           14,083,132.68                   5.31        8.419            357            82.10            91.78          621        27.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         113           22,545,833.23                   8.50        8.493            355            83.27            91.91          622        32.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         208           47,562,539.37                  17.93        8.357            357            82.96            93.21          627        37.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         255           63,512,193.65                  23.94        8.261            357            83.99            92.09          627        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         360           82,908,567.87                  31.25        8.497            357            85.32            92.35          616        47.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          80           15,481,513.25                   5.83        8.846            357            83.40            96.02          589        53.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,207         $265,336,995.74                100.00%       8.419%            357           84.15%           92.50%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 2.82%
Maximum: 54.99%
Weighted Average: 40.53%

2007-FRE1
Carrington Capital Management, LLC
Stated Documentation

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 1,435
Aggregate Principal Balance ($): 399,674,207
Weighted Average Current Mortgage Rate (%): 8.602
Weighted Average Margin (%): 6.007
Weighted Average Maximum Rate (%): 14.594
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 82.43
% First Liens: 98.08
% Owner Occupied: 93.33
% Purchase: 30.78
% Full Documentation: 0.00
Non-Zero Weighted Average FICO Score: 614

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                3             $156,959.21                  0.04%      10.887%            118          100.00%          100.00%          654       32.70%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                6              290,857.04                   0.07        8.584            178            86.88            86.88          682        26.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                1               59,860.55                   0.01       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               278           67,523,417.79                  16.89        9.176            357            78.25            83.05          592        42.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         11            4,650,700.00                   1.16        7.563            357            76.92            85.38          659        39.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              179           23,667,036.94                   5.92        9.211            357            79.34            80.84          627        40.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               151           38,373,094.86                   9.60        8.908            357            76.74            81.19          605        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                          3            1,303,500.00                   0.33        6.625            357            79.63            79.63          651        45.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                          4            1,819,600.00                   0.46        6.504            356            74.38            81.56          664        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          62           17,148,334.90                   4.29        8.866            357            77.57            84.46          602        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          31           12,219,963.14                   3.06        8.473            357            81.67            82.60          623        43.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                            12            3,450,768.34                   0.86        7.716            357            75.46            75.46          641        41.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         501          162,295,692.32                  40.61        8.455            357            79.73            83.14          617        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         144           50,620,193.29                  12.67        8.180            357            80.23            82.29          621        42.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           2            1,003,732.10                   0.25        8.613            357            80.94            80.94          623        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            45           14,376,762.41                   3.60        7.973            357            75.67            76.39          632        41.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 2              713,734.38                   0.18        8.708            357            76.16            76.16          663        43.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           5           $1,872,211.38                  0.47%       5.852%            358           71.25%           71.25%          673       44.29%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          27           10,717,063.93                   2.68        6.364            358            72.56            74.08          663        41.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          78           27,930,646.40                   6.99        6.877            357            76.94            79.16          647        40.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          89           32,704,491.46                   8.18        7.341            356            79.82            82.82          648        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         198           66,950,409.99                  16.75        7.806            357            78.21            82.64          632        41.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         180           57,982,917.04                  14.51        8.330            357            79.59            83.44          623        42.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         242           72,806,411.21                  18.22        8.827            357            80.92            85.31          610        41.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         172           49,115,548.65                  12.29        9.301            357            79.60            83.20          592        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        162           39,242,463.82                   9.82        9.794            357            78.65            81.58          578        41.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        83           17,934,697.85                   4.49       10.298            357            75.32            78.64          559        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        77           10,572,399.74                   2.65       10.806            353            78.68            79.26          570        39.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        87            6,969,702.26                   1.74       11.387            356            91.20            92.19          610        39.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        26            2,778,560.57                   0.70       11.725            357            76.51            76.51          585        39.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         6            1,144,749.53                   0.29       12.368            357            60.98            60.98          534        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         3              951,933.44                   0.24       12.771            357            56.74            56.74          540        40.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.650%
Maximum: 12.800%
Weighted Average: 8.602%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                       54           $1,806,468.88                  0.45%      11.146%            340           96.47%           96.47%          654       36.20%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                134           10,468,954.88                   2.62       10.305            356            83.29            86.92          613        37.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               192           23,861,557.76                   5.97        9.372            356            77.44            83.17          610        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               197           34,604,182.91                   8.66        8.915            356            75.30            80.05          608        40.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               164           37,450,069.19                   9.37        8.788            357            76.83            81.16          607        41.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                               148           40,604,195.33                  10.16        8.753            357            75.91            80.12          606        41.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                               110           35,862,150.52                   8.97        8.512            357            78.04            81.62          616        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                               116           43,658,113.73                  10.92        8.389            357            79.33            83.59          617        43.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                77           32,555,572.51                   8.15        8.496            357            80.14            84.55          615        41.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                66           31,486,846.14                   7.88        8.278            357            80.08            82.27          611        43.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                64           33,628,406.74                   8.41        8.145            357            81.48            83.22          623        41.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                36           20,609,999.24                   5.16        8.390            357            82.10            84.13          616        42.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                28           17,460,478.25                   4.37        8.194            357            81.41            82.48          623        43.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                20           13,595,399.59                   3.40        8.213            357            80.24            83.54          621        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                14           10,177,769.38                   2.55        7.971            357            82.87            84.33          615        45.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                15           11,844,042.22                   2.96        8.606            357            77.97            78.10          610        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $16,081.65
Maximum: $799,882.35
Weighted Average: $278,518.61

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                3             $156,959.21                  0.04%      10.887%            118          100.00%          100.00%          654       32.70%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               6              290,857.04                   0.07        8.584            178            86.88            86.88          682        26.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               59,860.55                   0.01       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,425          399,166,530.47                  99.87        8.601            357            78.96            82.41          614        41.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                3             $156,959.21                  0.04%      10.887%            118          100.00%          100.00%          654       32.70%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               6              290,857.04                   0.07        8.584            178            86.88            86.88          682        26.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               59,860.55                   0.01       10.990            238           100.00           100.00          640        49.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,425          399,166,530.47                  99.87        8.601            357            78.96            82.41          614        41.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           2             $324,739.51                  0.08%      10.308%            357           28.77%           28.77%          562       39.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           5              899,161.22                   0.22        9.559            357            31.55            31.55          544        39.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           4              627,296.29                   0.16        9.253            357            37.46            37.46          573        34.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                          11            2,348,404.93                   0.59        8.130            358            43.18            43.18          604        38.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          19            3,920,119.06                   0.98        8.531            358            48.08            48.08          614        39.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          24            5,274,239.88                   1.32        8.664            357            52.56            52.56          597        41.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          35            7,985,952.30                   2.00        8.393            357            57.77            57.77          599        40.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          78           21,997,205.29                   5.50        8.556            357            63.64            63.64          602        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          82           22,633,647.68                   5.66        8.999            357            69.10            69.10          589        41.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                         114           36,466,830.57                   9.12        8.577            357            74.07            74.07          596        42.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         360          111,183,852.40                  27.82        8.603            357            79.58            79.58          599        42.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          97           35,115,802.36                   8.79        8.270            357            84.42            84.56          619        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         180           65,874,370.58                  16.48        8.376            357            89.48            89.74          631        43.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          32            7,308,111.71                   1.83        9.162            357            85.25            94.54          628        45.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        392           77,714,473.49                  19.44        8.810            356            83.37            99.96          639        40.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 27.78%
Maximum: 100.00%
Weighted Average: 82.43%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            246          $42,002,244.49                 10.51%       8.669%            355           77.92%           79.02%          631       40.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           3            1,082,123.59                   0.27        5.751            358            72.33            72.33          676        44.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          16            6,254,784.52                   1.56        6.215            357            72.01            74.62          667        41.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          33           12,980,853.43                   3.25        6.743            357            78.90            81.63          653        41.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          70           26,610,112.33                   6.66        7.185            357            79.03            82.20          645        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         172           58,587,591.31                  14.66        7.749            357            79.70            84.13          636        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         182           59,868,880.26                  14.98        8.280            357            78.91            82.77          623        42.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         212           61,452,257.13                  15.38        8.686            357            80.89            85.36          612        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         501          130,835,360.21                  32.74        9.680            357            78.50            81.80          582        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.250%
Maximum: 6.990%
Non-Zero Weighted Average: 6.007%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            246          $42,002,244.49                 10.51%       8.669%            355           77.92%           79.02%          631       40.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           5            1,872,211.38                   0.47        5.852            358            71.25            71.25          673        44.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          18            7,410,845.01                   1.85        6.310            357            74.23            76.43          667        39.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          55           21,251,805.97                   5.32        6.880            357            78.12            81.04          647        41.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          71           27,414,913.84                   6.86        7.346            357            80.94            84.21          647        42.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         184           62,794,402.27                  15.71        7.805            357            78.69            83.41          634        42.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         165           53,957,254.35                  13.50        8.329            357            79.74            83.79          622        42.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         230           69,846,020.40                  17.48        8.824            357            81.20            85.74          609        41.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         162           46,554,759.37                  11.65        9.302            357            79.86            83.28          592        43.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        150           37,761,929.82                   9.45        9.792            357            78.84            81.70          576        42.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        71           15,568,566.60                   3.90       10.311            357            75.81            79.25          557        43.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        40            7,082,547.41                   1.77       10.776            357            74.60            75.46          549        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        17            2,345,758.41                   0.59       11.340            357            74.05            76.97          539        41.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        12            1,714,264.98                   0.43       11.775            356            65.32            65.32          559        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         6            1,144,749.53                   0.29       12.368            357            60.98            60.98          534        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         3              951,933.44                   0.24       12.771            357            56.74            56.74          540        40.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.650%
Maximum: 12.800%
Non-Zero Weighted Average: 8.594%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            246          $42,002,244.49                 10.51%       8.669%            355           77.92%           79.02%          631       40.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         5            1,872,211.38                   0.47        5.852            358            71.25            71.25          673        44.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        18            7,410,845.01                   1.85        6.310            357            74.23            76.43          667        39.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        55           21,251,805.97                   5.32        6.880            357            78.12            81.04          647        41.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        71           27,414,913.84                   6.86        7.346            357            80.94            84.21          647        42.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       184           62,794,402.27                  15.71        7.805            357            78.69            83.41          634        42.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       165           53,957,254.35                  13.50        8.329            357            79.74            83.79          622        42.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       230           69,846,020.40                  17.48        8.824            357            81.20            85.74          609        41.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       162           46,554,759.37                  11.65        9.302            357            79.86            83.28          592        43.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       150           37,761,929.82                   9.45        9.792            357            78.84            81.70          576        42.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        71           15,568,566.60                   3.90       10.311            357            75.81            79.25          557        43.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        40            7,082,547.41                   1.77       10.776            357            74.60            75.46          549        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        17            2,345,758.41                   0.59       11.340            357            74.05            76.97          539        41.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                        12            1,714,264.98                   0.43       11.775            356            65.32            65.32          559        39.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         6            1,144,749.53                   0.29       12.368            357            60.98            60.98          534        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         3              951,933.44                   0.24       12.771            357            56.74            56.74          540        40.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.650%
Maximum: 18.800%
Non-Zero Weighted Average: 14.594%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            246          $42,002,244.49                 10.51%       8.669%            355           77.92%           79.02%          631       40.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,189          357,671,962.78                  89.49        8.594            357            79.10            82.83          612        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            246          $42,002,244.49                 10.51%       8.669%            355           77.92%           79.02%          631       40.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,189          357,671,962.78                  89.49        8.594            357            79.10            82.83          612        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            246          $42,002,244.49                 10.51%       8.669%            355           77.92%           79.02%          631       40.67%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.03        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              5              807,591.93                   0.20        8.598            352            80.12            96.51          674        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        17            4,261,728.79                   1.07        9.505            354            78.70            82.03          586        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          21            6,120,985.56                   1.53        8.880            355            79.39            81.59          587        43.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         61           18,433,786.22                   4.61        9.092            356            79.41            82.75          591        43.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        453          139,253,780.88                  34.84        8.630            357            79.79            84.42          614        41.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         294           82,613,544.61                  20.67        8.554            358            77.96            81.40          608        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         1              324,000.00                   0.08        7.375            354            80.00            95.56          641        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                          12            3,914,248.42                   0.98        9.741            355            76.92            77.41          571        42.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         24            9,972,496.15                   2.50        8.424            356            79.46            81.34          618        44.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        183           55,338,147.14                  13.85        8.460            357            78.90            82.17          616        41.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                         113           34,787,459.58                   8.70        8.256            358            79.26            81.94          621        42.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          3            1,262,552.76                   0.32        8.618            357            82.18            82.18          653        42.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           1              454,913.72                   0.11        8.750            358            70.00            70.00          601        38.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AK                                                                      1             $207,586.96                  0.05%       8.100%            357           80.00%           80.00%          600       34.03%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      1              101,890.46                   0.03        9.100            358            85.00            85.00          644        32.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     34            8,223,210.37                   2.06        8.615            357            81.95            85.34          616        41.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    313          116,915,478.67                  29.25        8.200            357            78.92            81.71          619        42.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     14            2,104,429.31                   0.53        8.502            357            76.46            83.14          638        45.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     14            3,515,428.21                   0.88        8.998            357            78.95            78.95          589        40.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                     10            3,107,159.63                   0.78        8.495            357            76.93            79.70          594        40.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      3              490,919.83                   0.12        9.522            358            73.97            73.97          551        43.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    222           49,809,117.32                  12.46        8.894            357            79.09            83.62          607        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     38            6,081,460.88                   1.52        8.792            357            77.77            84.44          623        39.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     16            7,567,266.10                   1.89        8.046            357            81.82            83.76          630        40.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      1              176,077.13                   0.04        8.500            357            70.00            70.00          582        39.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      2              726,286.19                   0.18        7.387            357            86.81            86.81          652        36.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     91           18,021,013.33                   4.51        8.857            357            80.50            86.96          627        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      7              593,644.16                   0.15       10.207            356            78.24            82.18          586        42.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      5            1,201,421.49                   0.30        9.675            357            78.72            81.46          551        37.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     68           18,378,204.79                   4.60        9.050            357            79.05            82.09          610        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     70           18,190,081.85                   4.55        8.986            357            78.78            80.67          594        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      1               84,926.86                   0.02       10.150            358            57.43            57.43          596        49.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      4              483,124.79                   0.12        8.982            357            80.79            84.76          587        40.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     10            2,467,373.22                   0.62        9.418            357            83.60            89.96          590        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      7              630,700.95                   0.16        9.715            357            81.73            89.22          628        36.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     12            2,439,295.11                   0.61        9.196            354            80.59            87.04          612        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      1              207,854.62                   0.05        8.500            357            80.00            80.00          616        41.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     98           30,242,739.61                   7.57        9.000            356            79.55            81.05          606        42.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      9            2,019,924.49                   0.51        8.935            357            74.74            84.27          622        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     13            3,425,843.43                   0.86        8.908            357            76.87            84.15          600        43.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    181           67,932,448.85                  17.00        8.333            357            78.21            81.55          622        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      9              688,167.50                   0.17       10.236            352            80.55            84.55          591        33.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      1              299,548.84                   0.07        7.450            358            79.16            79.16          626        51.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      6            1,144,695.29                   0.29        9.337            357            85.01            89.86          619        40.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     26            3,865,117.50                   0.97        9.274            357            78.76            82.98          602        38.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     13            2,600,083.44                   0.65        9.341            356            79.90            91.32          610        42.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      4            1,371,653.54                   0.34        8.598            358            80.93            80.93          617        39.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      7              780,207.95                   0.20        9.849            357            82.19            93.25          586        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     48            6,209,421.30                   1.55        8.835            355            79.05            83.66          619        41.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      4              843,941.47                   0.21        8.587            357            80.00            91.12          617        38.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     42           11,464,870.07                   2.87        8.817            357            75.60            78.35          596        40.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      2              194,688.76                   0.05        8.552            358            82.37            95.00          641        41.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     10            2,717,946.67                   0.68        8.681            357            77.16            80.02          593        43.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     16            1,860,428.54                   0.47        9.501            355            81.85            88.17          624        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      1              288,527.79                   0.07        9.050            357            85.00            85.00          599        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 42

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    99          $22,044,205.18                  5.52%       9.309%            357           74.65%           80.64%          621       41.14%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      1,321          373,005,627.50                  93.33        8.561            357            79.26            82.60          613        41.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            15            4,624,374.59                   1.16        8.498            357            76.23            76.72          607        43.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       1,115         $304,676,583.67                 76.23%       8.590%            357           79.12%           82.48%          612       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          227           76,816,277.89                  19.22        8.555            357            77.72            80.84          620        42.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  93           18,181,345.71                   4.55        8.997            355            81.81            88.16          621        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              879         $268,740,444.15                 67.24%       8.515%            357           77.36%           77.86%          607       42.37%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              533          123,013,504.54                  30.78        8.817            357            82.75            92.87          628        40.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              23            7,920,258.58                   1.98        8.206            357            75.04            75.23          614        43.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     467         $117,010,210.88                 29.28%       9.055%            356           78.93%           81.92%          609       42.02%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    255           88,588,108.64                  22.17        8.335            357            79.19            82.65          625        42.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    565          154,003,071.03                  38.53        8.569            357            79.56            83.50          609        41.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      1              192,884.90                   0.05        9.800            358            85.00            85.00          595        29.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    147           39,879,931.82                   9.98        7.989            357            76.32            79.22          622        41.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 22

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   1,317         $391,999,458.27                 98.08%       8.550%            357           78.56%           82.08%          613       42.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     118            7,674,749.00                   1.92       11.278            349            99.86            99.86          652        37.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              1             $102,176.01                  0.03%       9.990%            356           70.00%           70.00%          500       44.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              58           16,048,680.87                   4.02       10.302            357            73.96            74.72          515        43.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                             103           26,433,918.30                   6.61        9.875            357            73.74            74.26          538        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             163           45,454,189.01                  11.37        9.254            357            74.70            76.69          562        43.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             184           50,254,927.81                  12.57        8.920            357            76.15            78.75          590        41.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             256           81,167,198.62                  20.31        8.496            357            80.45            82.01          611        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             353           95,510,683.52                  23.90        8.271            357            81.93            87.77          639        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             204           54,197,063.47                  13.56        7.851            356            81.12            86.79          664        41.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                             113           30,505,369.66                   7.63        7.756            356            80.20            84.83          686        40.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 698
Weighted Average: 614

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           32           $3,734,878.63                  0.93%       9.289%            354           81.48%           82.45%          616       14.60%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          27            4,442,602.27                   1.11        8.699            357            79.60            86.83          629        23.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          78           18,176,637.89                   4.55        8.679            355            76.14            79.93          612        27.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         135           31,897,552.63                   7.98        8.651            356            77.99            82.22          615        32.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         262           73,749,107.19                  18.45        8.461            357            77.66            82.81          619        37.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         389          110,975,983.67                  27.77        8.607            357            78.86            81.68          613        42.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         458          141,868,216.29                  35.50        8.602            357            80.41            82.78          613        47.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          54           14,829,228.70                   3.71        8.855            357            77.36            84.88          594        52.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,435         $399,674,207.27                100.00%       8.602%            357           78.97%           82.43%          614       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 8.14%
Maximum: 54.99%
Weighted Average: 41.96%

2007-FRE1
Carrington Capital Management, LLC
Investor Properties

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 268
Aggregate Principal Balance ($): 55,344,534
Weighted Average Current Mortgage Rate (%): 8.767
Weighted Average Margin (%): 6.112
Weighted Average Maximum Rate (%): 14.799
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 81.23
% First Liens: 99.88
% Owner Occupied: 0.00
% Purchase: 42.09
% Full Documentation: 57.79
Non-Zero Weighted Average FICO Score: 620

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                1             $139,110.20                  0.25%       6.950%            178           74.87%           74.87%          645       38.25%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                                92           15,221,614.61                  27.50        9.220            357            75.76            79.32          604        39.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               26            3,064,447.18                   5.54        8.852            357            79.85            80.68          634        40.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                29            6,454,376.28                  11.66        9.094            357            77.01            79.48          615        38.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          16            4,189,988.79                   7.57        8.632            357            80.27            87.48          616        43.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          11            3,532,812.92                   6.38        6.948            358            73.57            74.23          660        38.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             5              762,392.47                   1.38        7.984            356            73.29            73.29          635        40.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          63           15,018,951.04                  27.14        8.957            357            79.60            85.16          618        40.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          19            5,257,022.95                   9.50        8.290            357            75.68            79.39          626        39.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                             5            1,304,836.73                   2.36        7.974            358            80.34            80.34          656        32.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 1              398,981.10                   0.72        6.850            357            80.00            80.00          643        20.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           5           $1,825,485.07                  3.30%       6.401%            357           75.07%           75.07%          669       42.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          16            5,570,397.92                  10.06        6.863            353            70.30            70.30          648        36.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          14            3,585,738.12                   6.48        7.346            357            81.29            81.29          649        36.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          31            6,068,936.08                  10.97        7.815            357            80.65            83.32          651        38.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          25            5,525,935.56                   9.98        8.339            358            82.28            84.34          639        40.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          48           10,429,207.75                  18.84        8.784            357            81.19            87.86          627        39.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          41            8,324,978.98                  15.04        9.291            357            77.92            84.20          613        41.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         35            6,503,351.96                  11.75        9.794            357            75.64            82.32          584        39.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        13            1,656,757.22                   2.99       10.300            357            76.66            84.05          587        45.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        20            3,684,281.07                   6.66       10.790            357            70.52            71.39          549        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         7              714,395.33                   1.29       11.301            357            74.98            74.98          536        34.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         5              509,298.20                   0.92       11.788            355            73.69            73.69          538        42.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         4              312,440.16                   0.56       12.207            358            62.18            62.18          571        33.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         4              633,330.85                   1.14       12.733            358            61.01            61.01          582        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 6.080%
Maximum: 12.800%
Weighted Average: 8.767%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        4             $168,620.76                  0.30%      12.020%            358           63.53%           63.53%          616       36.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 73            5,445,101.53                   9.84        9.639            357            82.25            86.13          608        38.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                46            5,737,657.39                  10.37        8.994            353            79.63            83.73          620        39.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                40            6,979,356.49                  12.61        8.709            357            77.31            84.28          621        40.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                28            6,341,541.95                  11.46        8.884            357            74.58            76.89          617        41.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                23            6,358,044.26                  11.49        8.854            357            80.41            86.96          616        42.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                 9            2,891,008.70                   5.22        8.784            357            74.33            76.62          634        39.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                14            5,324,026.95                   9.62        8.278            357            77.67            81.01          631        37.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                 9            3,859,910.20                   6.97        8.512            357            79.83            83.09          623        38.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                 3            1,376,200.38                   2.49        6.926            357            85.00            85.00          667        33.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                 8            4,143,843.27                   7.49        8.413            357            79.36            80.28          614        35.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 7            4,027,262.02                   7.28        8.787            357            73.73            78.14          616        44.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 3            1,892,311.92                   3.42        8.454            357            55.51            55.51          599        34.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 1              799,648.45                   1.44        9.450            354            80.00            80.00          599        44.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $30,573.56
Maximum: $799,648.45
Weighted Average: $206,509.46

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1             $139,110.20                  0.25%       6.950%            178           74.87%           74.87%          645       38.25%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             267           55,205,424.07                  99.75        8.771            357            77.48            81.25          619        39.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1             $139,110.20                  0.25%       6.950%            178           74.87%           74.87%          645       38.25%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             267           55,205,424.07                  99.75        8.771            357            77.48            81.25          619        39.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 178 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           1              $49,973.99                  0.09%      12.450%            358           20.00%           20.00%          599       31.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           2              769,443.99                   1.39        7.977            357            36.50            36.50          580        40.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           2              813,549.40                   1.47        7.275            358            44.26            44.26          588        32.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           5              881,582.75                   1.59        9.954            358            46.70            46.70          594        40.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           1              104,820.45                   0.19        6.800            358            53.85            53.85          638        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           3              914,681.83                   1.65        9.223            357            58.58            58.58          597        41.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          13            3,598,568.36                   6.50        9.317            357            64.29            64.29          605        37.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          17            3,393,669.16                   6.13        9.389            357            69.24            69.24          601        45.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          18            3,841,804.34                   6.94        9.628            351            73.99            73.99          576        37.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                          77           17,760,179.04                  32.09        8.485            357            79.77            79.77          626        38.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          25            6,207,794.23                  11.22        8.241            357            83.23            84.33          618        38.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          36            4,748,901.94                   8.58        8.192            357            90.00            90.00          653        37.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          13            2,414,974.07                   4.36        9.140            357            85.59            94.29          628        47.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         55            9,844,590.72                  17.79        9.080            357            81.68            99.99          629        40.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 20.00%
Maximum: 100.00%
Weighted Average: 81.23%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             37           $5,270,786.58                  9.52%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           2              512,566.61                   0.93        6.188            357            74.00            74.00          664        42.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          11            4,610,974.40                   8.33        6.717            357            69.54            69.54          649        34.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          15            4,206,690.39                   7.60        7.131            357            80.52            80.52          660        42.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          22            4,108,194.80                   7.42        7.734            357            79.44            82.02          648        36.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          15            4,047,928.81                   7.31        8.173            358            81.35            83.43          641        46.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          39            9,570,855.97                  17.29        8.694            357            81.30            86.82          629        37.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         127           23,016,536.71                  41.59        9.923            357            75.63            81.44          588        40.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.680%
Maximum: 6.990%
Non-Zero Weighted Average: 6.112%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             37           $5,270,786.58                  9.52%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           5            1,825,485.07                   3.30        6.401            357            75.07            75.07          669        42.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          13            5,138,689.52                   9.28        6.861            357            71.39            71.39          649        35.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          12            2,968,778.29                   5.36        7.314            357            81.27            81.27          645        34.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          26            4,861,118.70                   8.78        7.837            357            80.13            83.46          651        41.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          18            4,544,514.93                   8.21        8.331            358            81.79            84.30          638        39.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          40            9,623,778.67                  17.39        8.785            357            80.97            87.93          627        39.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          39            7,919,422.57                  14.31        9.289            357            78.24            84.84          612        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         31            6,170,736.61                  11.15        9.804            357            74.87            81.91          580        40.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        12            1,593,835.46                   2.88       10.298            357            76.14            83.82          586        45.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        17            3,326,627.70                   6.01       10.789            357            72.18            73.14          548        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         7              714,395.33                   1.29       11.301            357            74.98            74.98          536        34.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         5              509,298.20                   0.92       11.788            355            73.69            73.69          538        42.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         4              312,440.16                   0.56       12.207            358            62.18            62.18          571        33.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         2              564,626.48                   1.02       12.741            358            57.65            57.65          576        40.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 6.080%
Maximum: 12.800%
Non-Zero Weighted Average: 8.799%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             37           $5,270,786.58                  9.52%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         5            1,825,485.07                   3.30        6.401            357            75.07            75.07          669        42.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        13            5,138,689.52                   9.28        6.861            357            71.39            71.39          649        35.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        12            2,968,778.29                   5.36        7.314            357            81.27            81.27          645        34.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        26            4,861,118.70                   8.78        7.837            357            80.13            83.46          651        41.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        18            4,544,514.93                   8.21        8.331            358            81.79            84.30          638        39.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        40            9,623,778.67                  17.39        8.785            357            80.97            87.93          627        39.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        39            7,919,422.57                  14.31        9.289            357            78.24            84.84          612        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        31            6,170,736.61                  11.15        9.804            357            74.87            81.91          580        40.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        12            1,593,835.46                   2.88       10.298            357            76.14            83.82          586        45.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        17            3,326,627.70                   6.01       10.789            357            72.18            73.14          548        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         7              714,395.33                   1.29       11.301            357            74.98            74.98          536        34.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         5              509,298.20                   0.92       11.788            355            73.69            73.69          538        42.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         4              312,440.16                   0.56       12.207            358            62.18            62.18          571        33.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         2              564,626.48                   1.02       12.741            358            57.65            57.65          576        40.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 12.080%
Maximum: 18.800%
Non-Zero Weighted Average: 14.799%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             37           $5,270,786.58                  9.52%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 231           50,073,747.69                  90.48        8.799            357            77.32            81.43          617        39.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             37           $5,270,786.58                  9.52%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 231           50,073,747.69                  90.48        8.799            357            77.32            81.43          617        39.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             37           $5,270,786.58                  9.52%       8.459%            353           78.89%           79.37%          640       38.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              1              156,869.38                   0.28        9.550            352            70.00           100.00          693        47.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            1              163,214.14                   0.29        8.000            353            80.00           100.00          650        49.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         5            1,351,726.90                   2.44        9.789            354            77.63            79.48          590        40.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                           8            2,237,780.95                   4.04        9.302            355            74.31            74.31          585        35.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         10            1,436,073.48                   2.59        9.326            356            76.78            79.29          593        36.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                         86           17,805,871.86                  32.17        8.900            357            79.08            85.71          621        40.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          60           11,279,017.73                  20.38        9.072            358            77.27            80.44          606        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           2              836,218.21                   1.51        9.322            355            80.00            80.00          618        34.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                          7            1,915,429.08                   3.46        9.372            356            78.89            82.36          618        39.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         30            7,406,250.97                  13.38        8.230            357            75.00            78.09          636        39.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          20            5,086,313.89                   9.19        7.889            358            74.98            76.60          626        38.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          1              398,981.10                   0.72        6.850            357            80.00            80.00          643        20.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      1              $71,445.80                  0.13%       9.600%            357           90.00%           90.00%          666       45.89%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                      6            1,078,400.29                   1.95        8.037            357            81.77            83.95          610        45.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     38           11,020,677.02                  19.91        8.283            355            74.91            77.76          634        40.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      5              820,470.33                   1.48        9.563            357            78.35            85.00          600        46.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      4              783,834.76                   1.42        8.097            357            80.80            80.80          624        43.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      2              559,938.10                   1.01        9.699            355            76.43            76.43          573        22.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      2              309,060.73                   0.56        7.382            357            90.00            90.00          665        37.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     24            4,288,119.19                   7.75        8.545            357            78.61            81.33          637        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                      2              316,795.99                   0.57        8.505            358            78.48            78.48          616        28.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      3              886,003.78                   1.60        8.745            357            80.00            86.14          617        47.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      1              104,208.92                   0.19        8.500            357            90.00            90.00          612        45.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      2              241,312.33                   0.44        8.144            357            83.36           100.00          685        44.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     21            4,067,646.55                   7.35        9.324            357            77.67            85.25          618        43.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     10              736,563.57                   1.33        9.139            357            85.19            94.09          639        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      2              236,668.72                   0.43        8.573            358            84.90            95.10          628        26.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     11            2,738,649.53                   4.95        9.130            358            73.04            74.14          619        37.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     21            4,004,341.36                   7.24        9.169            357            82.07            87.11          608        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      3              464,334.50                   0.84        8.851            358            86.18            90.45          605        29.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      3              179,319.42                   0.32       10.545            357            79.79            83.58          574        37.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      7              638,631.86                   1.15        9.526            357            84.11            84.11          605        34.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     16            3,286,213.51                   5.94        9.349            357            77.47            82.21          627        42.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      2              250,189.02                   0.45        9.487            357            80.00           100.00          608        36.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      2              585,581.20                   1.06        8.547            357            83.50            83.50          572        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     27           10,777,415.90                  19.47        8.702            357            72.51            75.60          603        37.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      7              559,501.34                   1.01        9.047            357            83.67            85.75          621        35.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      1              155,420.81                   0.28        8.600            357            90.00           100.00          623        32.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      2              257,649.42                   0.47        9.390            357            85.34            85.34          603        45.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     12            1,230,702.84                   2.22        8.918            357            82.04            83.60          623        44.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      2              539,329.92                   0.97        9.972            355            74.68            86.98          599        47.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      3              385,437.38                   0.70        7.751            357            78.98            78.98          623        26.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      3              206,115.00                   0.37        9.447            358            86.70            86.70          631        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                      4              437,529.36                   0.79        8.765            357            87.75            90.86          616        50.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      6            1,288,002.12                   2.33        8.329            357            79.99            86.96          628        31.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1              311,272.65                   0.56        7.300            357            80.00            80.00          683        44.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     12            1,527,751.05                   2.76        8.766            357            83.64            87.98          627        32.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 35

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                   268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         154          $27,063,170.13                 48.90%       8.619%            356           80.45%           85.52%          624       40.38%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          103           26,435,410.89                  47.77        8.886            357            74.35            76.49          614        38.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  11            1,845,953.25                   3.34        9.224            357            78.55            86.31          633        43.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              136          $30,446,702.47                 55.01%       8.642%            356           74.02%           74.36%          611       38.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              124           23,296,227.80                  42.09        8.910            357            82.23            90.73          632        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                               8            1,601,604.00                   2.89        9.048            357            73.86            73.86          612        36.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    166          $31,984,824.90                 57.79%       8.393%            356           79.39%           81.61%          620       38.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   3            1,315,504.19                   2.38        8.756            357            78.01            82.01          583        40.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                   99           22,044,205.18                  39.83        9.309            357            74.65            80.64          621        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      78          $16,279,607.61                 29.42%       9.286%            357           79.67%           84.73%          621       40.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     30            7,892,250.41                  14.26        8.826            357            78.71            82.74          628        42.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    107           20,293,950.41                  36.67        8.849            357            77.17            81.54          607        39.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     53           10,878,725.84                  19.66        7.793            355            73.85            74.34          634        36.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 25

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     266          $55,275,829.90                 99.88%       8.762%            357           77.46%           81.22%          620       39.63%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                       2               68,704.37                   0.12       12.667            358            88.70            88.70          627        46.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              13           $2,332,785.71                  4.22%      10.254%            357           73.76%           73.76%          513       37.16%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              21            3,871,843.54                   7.00       10.411            357            71.79            74.13          539        41.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              25            5,073,724.97                   9.17        9.704            357            75.27            78.60          563        43.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              34            8,344,247.91                  15.08        9.227            357            74.05            79.12          593        37.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              47            8,487,274.66                  15.34        8.785            357            74.58            78.44          612        39.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              47            9,164,314.97                  16.56        8.566            354            79.59            85.20          640        37.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              50           11,105,383.51                  20.07        7.915            357            81.93            84.29          662        39.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              31            6,964,959.00                  12.58        7.721            357            81.20            85.43          687        40.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 503
Maximum: 699
Weighted Average: 620

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           15           $2,781,538.38                  5.03%       8.701%            357           80.41%           82.15%          603       13.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          12            2,457,053.16                   4.44        7.983            357            81.59            83.57          633        22.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          23            4,208,854.45                   7.60        8.576            357            74.51            77.13          613        27.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          27            5,536,501.02                  10.00        8.830            357            77.77            80.57          624        32.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          34            7,296,306.80                  13.18        8.951            354            77.35            80.91          617        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                          54           13,705,605.12                  24.76        8.817            357            75.81            78.56          626        43.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                          81           14,996,190.30                  27.10        8.601            357            78.70            83.44          625        47.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          22            4,362,485.04                   7.88        9.458            357            76.97            85.47          587        52.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                268          $55,344,534.27                100.00%       8.767%            357           77.47%           81.23%          620       39.64%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.92
Maximum: 54.98
Weighted Average: 39.64

~~~~~~~~~~~~~~~~~~~~~~~~

2007-FRE1
Carrington Capital Management, LLC
LTV greater than 80

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 1,705
Aggregate Principal Balance ($): 422,404,451
Weighted Average Current Mortgage Rate (%): 8.105
Weighted Average Margin (%): 5.600
Weighted Average Maximum Rate (%): 14.067
Weighted Average Original Months to Roll: 29
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 90.11
% First Liens: 96.45
% Owner Occupied: 95.85
% Purchase: 29.15
% Full Documentation: 69.02
Non-Zero Weighted Average FICO Score: 618

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                4             $176,663.69                  0.04%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                               23              552,408.88                   0.13       10.403            177            98.71            98.71          635        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                2              222,973.65                   0.05        9.973            237            92.68            92.68          603        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               192           38,468,523.20                   9.11        8.431            357            88.95            90.83          614        41.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         26            8,733,786.00                   2.07        6.718            358            87.15            87.94          647        43.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              351           35,271,633.59                   8.35        9.174            357            92.47            92.99          629        38.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               121           25,930,083.73                   6.14        8.694            357            89.50            90.28          597        39.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                         21            8,610,252.00                   2.04        6.427            357            87.83            87.83          649        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         22            8,821,696.00                   2.09        6.696            357            87.98            87.98          648        41.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          39           10,339,302.75                   2.45        7.793            357            88.15            88.77          623        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          85           27,953,761.48                   6.62        7.630            357            88.81            89.12          629        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                            56           15,754,085.27                   3.73        7.242            357            88.95            88.95          646        43.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         489          152,343,600.53                  36.07        8.255            357            88.64            89.99          609        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         202           66,449,599.37                  15.73        8.018            357            89.81            90.39          614        42.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           2              617,204.10                   0.15        8.616            357            90.00            90.00          633        41.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            63           20,073,656.17                   4.75        7.471            357            88.77            89.18          637        42.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 2              469,820.31                   0.11        6.910            357            89.94            89.94          658        22.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM 5YR-IO                                                          5            1,615,400.00                   0.38        6.603            358            86.77            86.77          658        40.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           2             $868,250.00                  0.21%       5.250%            358           87.15%           87.15%          645       41.87%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          24            9,321,221.81                   2.21        5.845            358            86.73            86.73          653        42.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          74           28,133,403.25                   6.66        6.356            357            87.90            88.14          652        42.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         166           56,913,398.56                  13.47        6.838            357            88.25            88.45          642        40.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         163           53,764,634.57                  12.73        7.328            357            88.72            88.95          634        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         200           63,651,144.74                  15.07        7.813            357            88.46            89.08          617        42.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         198           56,936,387.72                  13.48        8.331            357            88.92            89.90          605        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         284           71,332,436.19                  16.89        8.802            357            89.31            90.87          599        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         154           34,725,280.13                   8.22        9.274            357            89.60            91.59          597        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        173           26,912,165.28                   6.37        9.769            354            90.73            92.73          596        40.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        66            6,675,352.78                   1.58       10.261            357            91.93            95.36          608        38.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        61            4,542,538.79                   1.08       10.834            348            96.65            97.20          631        37.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        92            5,660,562.55                   1.34       11.398            355            99.52            99.62          641        37.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        25            1,513,856.32                   0.36       11.752            350            99.00            99.00          639        40.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        14              996,564.59                   0.24       12.352            354            99.81            99.81          613        25.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         8              331,334.63                   0.08       12.758            338            96.55            96.55          627        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.03       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.250%
Maximum: 13.325%
Weighted Average: 8.105%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                      127           $4,167,509.30                  0.99%      10.991%            333           99.54%           99.54%          643       35.31%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                255           19,471,683.78                   4.61        9.835            356            93.73            95.10          621        37.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               213           26,504,616.07                   6.27        9.062            356            90.65            92.15          610        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               225           38,920,431.20                   9.21        8.340            357            89.63            90.75          614        40.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               198           44,138,692.24                  10.45        8.202            357            88.46            89.57          604        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                               140           38,369,027.75                   9.08        7.993            357            88.13            89.31          622        40.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                               122           39,535,072.70                   9.36        7.918            357            89.10            90.03          619        43.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                               103           38,398,991.11                   9.09        7.730            357            88.79            89.75          618        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                70           29,566,256.55                   7.00        8.041            357            88.71            89.69          619        43.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                64           30,626,009.37                   7.25        7.910            357            88.54            89.18          617        43.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                61           32,082,835.27                   7.60        7.767            357            88.53            89.08          620        43.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                50           28,703,274.69                   6.80        7.693            357            88.51            89.18          625        42.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                32           20,001,046.95                   4.74        7.585            357            89.02            89.85          627        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                24           16,091,772.69                   3.81        7.560            357            88.99            89.19          629        40.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                13            9,456,570.33                   2.24        7.563            357            89.67            90.06          638        43.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 7            5,533,903.73                   1.31        7.851            357            86.94            86.94          613        46.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
800,000.01 - 850,000.00                                                 1              836,756.99                   0.20        5.700            358            85.00            85.00          638        49.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $836,756.99
Weighted Average: $247,744.55

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.04%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              23              552,408.88                   0.13       10.403            177            98.71            98.71          635        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               2              222,973.65                   0.05        9.973            237            92.68            92.68          603        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,676          421,452,404.50                  99.77        8.100            357            89.18            90.09          618        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.04%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              23              552,408.88                   0.13       10.403            177            98.71            98.71          635        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               2              222,973.65                   0.05        9.973            237            92.68            92.68          603        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,676          421,452,404.50                  99.77        8.100            357            89.18            90.09          618        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                         413         $119,602,598.36                 28.31%       7.744%            357           84.44%           84.44%          612       42.12%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         689          205,781,976.65                  48.72        7.942            357            89.69            89.69          621        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                         140           35,463,754.27                   8.40        8.142            356            93.63            94.64          622        43.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        463           61,556,121.44                  14.57        9.331            355            94.23            99.92          620        41.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 80.30%
Maximum: 100.00%
Weighted Average: 90.11%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            499          $72,051,421.25                 17.06%       8.293%            355           90.73%           91.10%          635       40.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           2              868,250.00                   0.21        5.250            358            87.15            87.15          645        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                          14            5,604,929.54                   1.33        5.758            358            87.30            87.30          651        43.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          36           14,535,922.02                   3.44        6.187            357            87.38            87.86          651        41.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          88           31,669,410.78                   7.50        6.690            357            88.10            88.35          643        42.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                         126           46,148,849.74                  10.93        7.153            357            88.28            88.53          636        41.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         177           56,598,767.17                  13.40        7.725            357            88.92            89.34          619        42.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         191           57,000,470.09                  13.49        8.220            357            88.84            89.73          610        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         225           61,270,430.01                  14.51        8.667            357            89.10            90.58          597        42.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         347           76,656,000.12                  18.15        9.401            357            89.80            92.00          596        42.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.863%
Maximum: 6.990%
Non-Zero Weighted Average: 5.600%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            499          $72,051,421.25                 17.06%       8.293%            355           90.73%           91.10%          635       40.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           2              868,250.00                   0.21        5.250            358            87.15            87.15          645        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          21            8,746,074.30                   2.07        5.835            358            86.72            86.72          652        44.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          51           19,935,788.70                   4.72        6.347            357            87.83            88.18          646        41.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         111           40,625,681.24                   9.62        6.850            357            88.33            88.61          641        40.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         125           44,970,638.42                  10.65        7.329            357            88.67            88.86          632        42.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         167           54,974,005.30                  13.01        7.814            357            88.56            89.25          616        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         174           52,560,144.85                  12.44        8.328            357            88.98            89.88          604        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         256           66,874,412.36                  15.83        8.801            357            89.27            90.96          598        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         144           33,228,430.25                   7.87        9.275            357            89.66            91.63          598        41.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        111           22,664,881.03                   5.37        9.753            357            90.27            92.52          595        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        27            3,389,024.67                   0.80       10.257            357            88.27            93.26          589        39.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        12            1,226,113.90                   0.29       10.705            357            91.11            92.50          589        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         5              289,584.45                   0.07       11.222            357            94.06            94.06          599        39.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.250%
Maximum: 11.350%
Non-Zero Weighted Average: 8.067%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            499          $72,051,421.25                 17.06%       8.293%            355           90.73%           91.10%          635       40.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         2              868,250.00                   0.21        5.250            358            87.15            87.15          645        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        21            8,746,074.30                   2.07        5.835            358            86.72            86.72          652        44.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        51           19,935,788.70                   4.72        6.347            357            87.83            88.18          646        41.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                       111           40,625,681.24                   9.62        6.850            357            88.33            88.61          641        40.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                       125           44,970,638.42                  10.65        7.329            357            88.67            88.86          632        42.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       167           54,974,005.30                  13.01        7.814            357            88.56            89.25          616        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       174           52,560,144.85                  12.44        8.328            357            88.98            89.88          604        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       256           66,874,412.36                  15.83        8.801            357            89.27            90.96          598        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       144           33,228,430.25                   7.87        9.275            357            89.66            91.63          598        41.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       111           22,664,881.03                   5.37        9.753            357            90.27            92.52          595        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        27            3,389,024.67                   0.80       10.257            357            88.27            93.26          589        39.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        12            1,226,113.90                   0.29       10.705            357            91.11            92.50          589        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         5              289,584.45                   0.07       11.222            357            94.06            94.06          599        39.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.250%
Maximum: 17.350%
Non-Zero Weighted Average: 14.067%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            499          $72,051,421.25                 17.06%       8.293%            355           90.73%           91.10%          635       40.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,206          350,353,029.47                  82.94        8.067            357            88.88            89.91          615        42.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            499          $72,051,421.25                 17.06%       8.293%            355           90.73%           91.10%          635       40.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,206          350,353,029.47                  82.94        8.067            357            88.88            89.91          615        42.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            499          $72,051,421.25                 17.06%       8.293%            355           90.73%           91.10%          635       40.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              1              166,701.32                   0.04        9.350            352            90.00            90.00          691        30.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         4            1,127,501.84                   0.27        8.381            354            86.32            87.32          634        41.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          12            3,371,835.85                   0.80        8.410            355            86.82            90.07          587        45.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         55           19,316,668.38                   4.57        8.088            356            88.14            89.54          599        44.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        384          115,771,166.96                  27.41        8.273            357            88.49            89.86          615        41.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         290           70,131,338.13                  16.60        8.094            358            89.05            90.41          612        42.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         1              114,026.51                   0.03        9.240            354            93.00            93.00          627        37.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           5            1,684,432.03                   0.40        8.726            355            85.66            86.97          610        46.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         23           10,007,250.80                   2.37        7.967            356            89.24            89.46          616        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        269           78,751,652.39                  18.64        7.956            357            89.91            90.33          619        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                         153           47,208,030.85                  11.18        7.707            358            88.45            89.07          617        43.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          5            1,682,024.41                   0.40        7.444            357            88.22            88.22          658        36.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           4            1,020,400.00                   0.24        6.576            358            87.80            87.80          643        39.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      6             $502,444.13                  0.12%       9.361%            357           93.40%           93.94%          630       39.25%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      4              591,172.17                   0.14        8.275            357            91.93            91.93          601        41.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     37            8,920,106.74                   2.11        8.179            357            88.86            90.27          620        40.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    258          100,502,707.59                  23.79        7.731            357            88.86            89.57          624        42.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     23            4,596,396.73                   1.09        8.285            357            89.48            90.26          603        41.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     33            8,387,401.52                   1.99        7.754            357            88.73            89.15          626        41.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      7            1,674,537.15                   0.40        8.234            357            89.72            92.92          622        36.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      8            1,724,480.77                   0.41        7.580            357            88.07            88.07          623        40.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    196           45,233,164.66                  10.71        8.257            357            88.92            90.22          615        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     68           10,648,067.98                   2.52        8.711            357            90.61            92.15          602        41.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     12            5,206,447.99                   1.23        8.115            357            87.35            88.77          610        41.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      2              251,783.03                   0.06        8.764            358            90.00            90.00          613        46.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                     11            1,603,637.36                   0.38        8.048            357            89.69            90.20          642        39.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                    102           17,447,363.11                   4.13        8.609            357            89.52            91.09          622        42.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     20            1,926,166.24                   0.46        8.829            357            90.53            92.97          619        40.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      8              666,956.08                   0.16        9.879            357            93.20            94.23          592        41.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      6              793,998.12                   0.19        8.358            358            91.87            91.87          615        37.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     75           18,512,012.82                   4.38        8.308            357            88.58            89.15          626        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                    134           37,133,644.91                   8.79        7.937            357            89.12            89.52          615        42.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      3              303,756.46                   0.07        9.276            357            90.00            95.41          600        47.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                     11            1,173,813.07                   0.28        9.378            357            89.59            90.21          583        36.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     27            5,360,064.83                   1.27        8.450            357            89.99            92.40          608        42.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                     14            1,387,926.09                   0.33        8.931            354            90.69            96.32          612        44.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     48            7,419,569.68                   1.76        8.570            356            89.90            90.82          616        38.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      2              223,876.74                   0.05        9.654            357            95.00            98.22          593        44.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      7            1,460,063.42                   0.35        8.243            357            88.39            88.39          617        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     66           21,417,227.92                   5.07        8.458            357            89.73            90.09          619        44.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      8            1,291,954.87                   0.31        8.904            342            89.86            90.90          601        44.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     12            3,067,778.30                   0.73        8.398            357            89.25            89.90          602        39.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    140           56,609,618.85                  13.40        7.776            357            89.04            89.70          626        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     24            2,431,455.89                   0.58        8.967            354            89.99            91.54          608        39.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      6              730,332.85                   0.17        8.239            335            89.11            91.24          599        39.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                     17            3,130,612.75                   0.74        8.102            357            88.07            88.84          617        38.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     46            6,370,816.20                   1.51        8.722            357            89.58            90.21          608        39.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     17            3,675,817.26                   0.87        8.645            357            88.01            92.13          597        41.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     17            2,473,939.08                   0.59        8.863            355            90.38            93.72          597        33.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     24            3,026,176.82                   0.72        8.400            357            89.80            91.41          615        33.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     55            4,171,207.42                   0.99        8.758            345            94.08            95.00          630        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      9            1,637,064.42                   0.39        8.427            358            89.43            89.82          604        41.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     58           13,398,159.91                   3.17        8.218            357            89.44            90.05          605        41.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1               30,730.25                   0.01       11.500            358            95.00            95.00          641        46.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     32            8,316,135.17                   1.97        7.787            357            88.83            89.54          609        42.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     50            6,685,335.58                   1.58        8.636            356            90.27            91.83          614        36.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      1              288,527.79                   0.07        9.050            357            85.00            85.00          599        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 44

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    86          $14,281,115.65                  3.38%       8.407%            357           87.89%           90.71%          638       37.62%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      1,604          404,861,657.60                  95.85        8.095            357            89.24            90.07          618        42.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            15            3,261,677.47                   0.77        8.066            357            89.43            91.97          623        38.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       1,383         $334,678,626.30                 79.23%       8.098%            357           89.09%           90.01%          616       41.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          228           70,293,765.09                  16.64        8.020            357            89.51            90.46          627        43.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  93           17,279,422.08                   4.09        8.578            357            90.03            90.53          624        40.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.04        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              995         $286,616,356.30                 67.85%       7.837%            357           88.39%           88.44%          619       42.30%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              657          123,112,845.14                  29.15        8.743            356            91.13            94.07          617        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              53           12,675,249.28                   3.00        7.976            357            88.69            89.44          614        38.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                  1,229         $291,558,494.31                 69.02%       7.891%            357           89.24%           90.06%          613       41.40%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  25            7,334,694.80                   1.74        7.901            357            88.28            89.65          619        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  451          123,511,261.61                  29.24        8.623            357            89.14            90.25          630        42.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     559         $119,000,161.32                 28.17%       8.441%            356           89.73%           90.48%          617       42.27%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    235           79,741,964.44                  18.88        8.009            357            88.97            90.07          622        42.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    554          140,591,047.63                  33.28        8.206            357            88.97            90.14          612        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      8            1,755,346.53                   0.42        8.616            357            89.97            89.97          603        36.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    349           81,315,930.80                  19.25        7.525            357            89.01            89.56          627        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 24

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   1,456         $407,427,566.80                 96.45%       7.994%            357           88.81%           89.75%          617       42.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     249           14,976,883.92                   3.55       11.127            348            99.78            99.78          643        36.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                               7           $1,694,096.15                  0.40%       9.400%            357           85.66%           85.66%          515       45.43%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              58           12,452,284.91                   2.95        8.816            357            85.20            86.45          540        42.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             208           51,564,657.00                  12.21        8.695            357            88.61            90.14          562        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             251           63,973,476.22                  15.15        8.528            357            88.44            89.76          589        42.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             426          109,451,939.48                  25.91        8.166            357            89.46            90.41          612        42.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             398           91,021,722.27                  21.55        8.018            357            89.94            90.55          638        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             242           61,362,894.86                  14.53        7.374            356            89.58            90.01          662        41.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                             115           30,883,379.83                   7.31        7.385            357            89.68            90.34          686        40.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 501
Maximum: 699
Weighted Average: 618

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           98          $16,615,363.49                  3.93%       8.444%            356           90.10%           90.95%          623       15.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          48            8,746,691.62                   2.07        8.359            356            89.79            90.45          622        22.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          96           19,459,049.44                   4.61        8.145            357            89.47            90.58          626        27.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         153           32,706,829.12                   7.74        8.131            356            88.94            89.65          617        32.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         220           52,055,253.39                  12.32        8.043            357            89.21            90.02          620        37.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         367           95,983,709.41                  22.72        8.129            357            88.99            89.84          619        42.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         638          177,778,955.13                  42.09        8.070            357            89.34            90.06          617        47.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          85           19,058,599.12                   4.51        7.986            357            87.99            91.61          608        53.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,705         $422,404,450.72                100.00%       8.105%            357           89.20%           90.11%          618       41.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.47%
Maximum: 54.99%
Weighted Average: 41.84%

2007-FRE1
Carrington Capital Management, LLC
LTV greater than 85

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 1,259
Aggregate Principal Balance ($): 295,408,399
Weighted Average Current Mortgage Rate (%): 8.233
Weighted Average Margin (%): 5.686
Weighted Average Maximum Rate (%): 14.155
Weighted Average Original Months to Roll: 29
Weighted Average Stated Original Term (months): 359
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 92.19
% First Liens: 94.94
% Owner Occupied: 96.25
% Purchase: 34.75
% Full Documentation: 69.04
Non-Zero Weighted Average FICO Score: 622

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10 Fixed                                                                4             $176,663.69                  0.06%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                               23              552,408.88                   0.19       10.403            177            98.71            98.71          635        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                2              222,973.65                   0.08        9.973            237            92.68            92.68          603        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               138           27,742,387.51                   9.39        8.429            357            90.59            92.60          621        41.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                         14            4,508,350.00                   1.53        6.922            358            89.55            91.08          650        41.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              298           26,211,311.44                   8.87        9.645            357            95.29            95.64          633        37.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                85           17,215,190.47                   5.83        8.786            357            92.27            93.13          605        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                         12            5,645,222.00                   1.91        6.505            357            89.78            89.78          645        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                         14            5,445,396.00                   1.84        6.631            357            90.48            90.48          655        38.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          29            7,406,755.65                   2.51        7.855            357            89.84            90.71          632        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          55           18,920,806.12                   6.40        7.624            357            90.79            91.17          633        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                            38           10,378,064.86                   3.51        7.347            357            91.18            91.18          650        44.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         354          104,974,164.66                  35.54        8.356            357            90.46            92.00          613        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         149           51,169,122.64                  17.32        8.090            357            91.43            91.82          614        43.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           2              617,204.10                   0.21        8.616            357            90.00            90.00          633        41.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            37           13,133,357.30                   4.45        7.423            357            91.18            91.33          643        42.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 2              469,820.31                   0.16        6.910            357            89.94            89.94          658        22.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM 5YR-IO                                                          3              619,200.00                   0.21        6.955            358            89.61            89.61          649        40.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1             $388,000.00                  0.13%       5.250%            358           89.81%           89.81%          634       44.82%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          12            4,374,965.83                   1.48        5.810            358            89.09            89.09          657        39.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          40           17,065,030.21                   5.78        6.370            357            90.27            90.67          655        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         100           36,526,222.29                  12.36        6.856            357            90.40            90.71          645        40.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                         105           35,768,268.53                  12.11        7.347            357            90.92            90.97          637        42.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         137           42,685,449.14                  14.45        7.805            357            90.40            91.03          621        42.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         141           40,196,639.33                  13.61        8.341            357            90.85            92.05          610        42.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         221           53,876,394.56                  18.24        8.813            357            90.81            92.37          603        42.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         118           27,125,276.37                   9.18        9.275            357            91.02            93.17          604        42.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        143           20,771,027.09                   7.03        9.773            353            92.52            94.18          603        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        51            4,279,877.62                   1.45       10.293            357            95.81            97.96          628        38.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        54            3,926,726.07                   1.33       10.845            347            98.47            99.11          644        37.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        90            5,545,929.87                   1.88       11.401            355            99.82            99.92          643        37.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        24            1,462,905.15                   0.50       11.759            350            99.49            99.49          641        40.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        14              996,564.59                   0.34       12.352            354            99.81            99.81          613        25.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         7              293,203.82                   0.10       12.779            335            98.23            98.23          628        40.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.04       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.250%
Maximum: 13.325%
Weighted Average: 8.233%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                      126           $4,129,378.49                  1.40%      10.976%            333           99.68%           99.68%          643       35.17%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                214           16,248,358.56                   5.50       10.019            356            95.50            96.70          626        37.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               155           19,439,328.99                   6.58        9.194            356            92.91            94.54          613        41.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               170           29,322,686.14                   9.93        8.498            357            91.32            92.55          613        40.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               132           29,487,932.49                   9.98        8.279            357            90.55            91.92          608        41.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                83           22,786,815.12                   7.71        8.100            357            90.70            91.82          627        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                86           27,783,983.06                   9.41        7.997            357            90.99            91.96          623        43.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                73           27,136,975.70                   9.19        7.770            357            90.66            91.27          623        40.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                49           20,634,786.71                   6.99        8.174            357            90.47            91.58          625        44.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                37           17,752,639.56                   6.01        8.160            357            91.48            92.16          612        43.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                41           21,599,505.01                   7.31        7.683            357            90.52            90.94          625        44.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                34           19,496,630.01                   6.60        7.668            357            90.44            91.42          629        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                25           15,664,611.30                   5.30        7.704            357            90.22            91.28          628        41.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                19           12,744,074.78                   4.31        7.632            357            90.16            90.42          636        39.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                11            8,029,220.46                   2.72        7.526            357            90.52            90.98          639        43.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 4            3,151,472.90                   1.07        8.530            357            88.70            88.70          611        46.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $799,861.83
Weighted Average: $234,637.33

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.06%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              23              552,408.88                   0.19       10.403            177            98.71            98.71          635        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               2              222,973.65                   0.08        9.973            237            92.68            92.68          603        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,230          294,456,353.06                  99.68        8.226            357            91.21            92.17          622        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 120 months
Maximum: 360 months
Weighted Average: 359 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
61 - 120                                                                4             $176,663.69                  0.06%      10.787%            118          100.00%          100.00%          650       32.84%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                              23              552,408.88                   0.19       10.403            177            98.71            98.71          635        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               2              222,973.65                   0.08        9.973            237            92.68            92.68          603        44.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,230          294,456,353.06                  99.68        8.226            357            91.21            92.17          622        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 117 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         689         $205,781,976.65                 69.66%       7.942%            357           89.69%           89.69%          621       41.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                         131           34,008,382.97                  11.51        8.092            356            94.00            94.68          625        43.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        439           55,618,039.66                  18.83        9.394            355            95.24            99.92          623        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 85.65%
Maximum: 100.00%
Weighted Average: 92.19%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            402          $50,674,779.82                 17.15%       8.612%            354           93.43%           93.64%          639       40.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           1              388,000.00                   0.13        5.250            358            89.81            89.81          634        44.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           9            3,247,935.33                   1.10        5.750            358            89.19            89.19          658        38.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          17            7,309,134.57                   2.47        6.228            357            90.51            91.46          655        38.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          51           20,165,346.22                   6.83        6.702            357            90.24            90.63          646        41.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          78           28,812,627.32                   9.75        7.146            357            90.62            90.74          641        40.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         129           41,034,864.67                  13.89        7.706            357            90.53            90.77          624        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         138           40,485,264.93                  13.70        8.251            357            90.70            91.92          612        42.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         165           43,383,416.47                  14.69        8.677            357            90.95            92.44          603        42.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         269           59,907,029.95                  20.28        9.375            357            91.24            93.42          602        42.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.863%
Maximum: 6.990%
Non-Zero Weighted Average: 5.686%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            402          $50,674,779.82                 17.15%       8.612%            354           93.43%           93.64%          639       40.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1              388,000.00                   0.13        5.250            358            89.81            89.81          634        44.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          11            4,150,415.79                   1.40        5.800            358            89.04            89.04          657        40.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          26           11,831,632.32                   4.01        6.364            357            90.37            90.96          650        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          71           26,844,030.20                   9.09        6.867            357            90.32            90.73          645        40.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          81           29,915,957.16                  10.13        7.348            357            90.85            90.85          636        42.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         116           37,072,720.37                  12.55        7.806            357            90.44            91.12          620        42.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         127           37,763,407.17                  12.78        8.338            357            90.82            91.97          609        42.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         198           50,329,829.46                  17.04        8.811            357            90.78            92.47          602        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         112           26,247,507.47                   8.89        9.273            357            91.04            93.27          604        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         87           17,402,473.12                   5.89        9.756            357            91.97            93.80          601        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        17            1,811,310.65                   0.61       10.287            357            91.12            96.20          605        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         7              801,383.98                   0.27       10.697            357            94.35            96.47          619        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         3              174,951.77                   0.06       11.204            358           100.00           100.00          636        37.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.250%
Maximum: 11.350%
Non-Zero Weighted Average: 8.155%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            402          $50,674,779.82                 17.15%       8.612%            354           93.43%           93.64%          639       40.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         1              388,000.00                   0.13        5.250            358            89.81            89.81          634        44.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        11            4,150,415.79                   1.40        5.800            358            89.04            89.04          657        40.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        26           11,831,632.32                   4.01        6.364            357            90.37            90.96          650        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        71           26,844,030.20                   9.09        6.867            357            90.32            90.73          645        40.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        81           29,915,957.16                  10.13        7.348            357            90.85            90.85          636        42.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       116           37,072,720.37                  12.55        7.806            357            90.44            91.12          620        42.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       127           37,763,407.17                  12.78        8.338            357            90.82            91.97          609        42.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       198           50,329,829.46                  17.04        8.811            357            90.78            92.47          602        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       112           26,247,507.47                   8.89        9.273            357            91.04            93.27          604        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        87           17,402,473.12                   5.89        9.756            357            91.97            93.80          601        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        17            1,811,310.65                   0.61       10.287            357            91.12            96.20          605        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                         7              801,383.98                   0.27       10.697            357            94.35            96.47          619        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         3              174,951.77                   0.06       11.204            358           100.00           100.00          636        37.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.250%
Maximum: 17.350%
Non-Zero Weighted Average: 14.155%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            402          $50,674,779.82                 17.15%       8.612%            354           93.43%           93.64%          639       40.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 857          244,733,619.46                  82.85        8.154            357            90.77            91.89          618        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            402          $50,674,779.82                 17.15%       8.612%            354           93.43%           93.64%          639       40.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 857          244,733,619.46                  82.85        8.154            357            90.77            91.89          618        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            402          $50,674,779.82                 17.15%       8.612%            354           93.43%           93.64%          639       40.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              1              166,701.32                   0.06        9.350            352            90.00            90.00          691        30.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         1              305,224.87                   0.10        9.250            354            90.00            90.00          562        41.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                           7            1,333,888.08                   0.45        8.552            355            90.00            92.67          613        45.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         36           12,616,293.58                   4.27        8.182            356            89.97            91.62          604        44.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        271           78,758,264.50                  26.66        8.377            357            90.35            91.90          621        41.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         219           51,451,285.47                  17.42        8.194            358            90.66            92.30          613        42.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         1              114,026.51                   0.04        9.240            354            93.00            93.00          627        37.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           2              435,862.15                   0.15        9.351            355            90.00            95.05          585        47.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         17            7,574,169.54                   2.56        7.874            356            90.86            91.04          625        42.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        198           59,899,727.99                  20.28        7.974            357            91.63            92.09          621        41.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          97           30,371,951.04                  10.28        7.900            358            90.79            91.14          616        43.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          4            1,087,024.41                   0.37        7.879            357            89.98            89.98          644        33.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           3              619,200.00                   0.21        6.955            358            89.61            89.61          649        40.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      5             $400,553.67                  0.14%       9.427%            357           95.54%           96.22%          626       41.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      3              437,380.34                   0.15        9.079            357            94.48            94.48          592        45.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     29            6,928,873.26                   2.35        8.289            357            90.05            91.87          624        39.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    185           69,244,667.62                  23.44        7.857            357            90.82            91.62          626        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     17            2,893,784.99                   0.98        8.508            357            92.13            92.66          605        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     25            6,007,334.39                   2.03        7.809            357            90.57            91.14          631        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      6            1,386,155.75                   0.47        8.554            357            91.24            95.10          616        38.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      5              898,936.49                   0.30        7.401            357            90.88            90.88          638        42.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    143           31,812,114.84                  10.77        8.378            357            90.77            92.07          618        41.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     58            8,442,885.64                   2.86        8.816            356            92.15            93.58          601        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      6            3,056,440.38                   1.03        8.407            357            89.29            89.29          630        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      2              251,783.03                   0.09        8.764            358            90.00            90.00          613        46.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      9            1,353,299.16                   0.46        8.250            357            90.56            91.16          637        39.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     79           12,449,650.94                   4.21        8.873            357            91.73            93.70          621        41.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     16            1,606,990.32                   0.54        8.880            357            91.63            93.97          627        40.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      7              590,484.34                   0.20        9.928            357            94.27            95.42          601        42.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      5              696,238.15                   0.24        8.542            358            93.11            93.11          610        39.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     49           10,577,607.93                   3.58        8.404            356            91.74            92.26          640        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     96           26,520,516.93                   8.98        8.050            357            91.06            91.63          619        43.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      3              303,756.46                   0.10        9.276            357            90.00            95.41          600        47.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      8              884,210.49                   0.30        9.472            357            91.10            91.91          588        36.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     19            4,003,868.97                   1.36        8.785            357            91.90            95.12          599        43.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                     10              846,800.62                   0.29        8.856            353            94.33            96.92          620        46.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     37            4,984,789.39                   1.69        8.544            356            92.56            93.34          620        38.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      2              223,876.74                   0.08        9.654            357            95.00            98.22          593        44.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      5            1,052,391.80                   0.36        8.298            357            89.71            89.71          613        38.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     47           15,072,900.59                   5.10        8.591            357            91.91            92.44          622        45.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      6              905,533.77                   0.31        9.589            336            91.93            93.42          597        45.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     10            2,365,628.54                   0.80        8.634            357            90.54            91.39          599        37.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     96           39,115,428.24                  13.24        7.867            357            91.07            91.72          632        42.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     17            1,604,617.50                   0.54        9.005            352            92.55            93.76          622        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      4              420,421.47                   0.14        8.229            319            92.14            95.83          619        38.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                     12            1,799,862.35                   0.61        8.351            358            90.63            91.98          630        37.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     33            4,279,997.89                   1.45        8.717            357            91.98            92.73          609        39.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     11            2,306,268.71                   0.78        8.444            357            90.16            93.18          614        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     15            1,944,738.90                   0.66        9.268            355            91.84            95.52          590        38.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     20            2,589,220.94                   0.88        8.410            357            90.88            92.27          616        33.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     52            3,866,501.90                   1.31        8.901            344            94.96            95.95          627        41.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      6            1,216,718.84                   0.41        8.358            358            91.04            91.57          605        41.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     43           10,050,930.05                   3.40        8.324            357            91.27            91.51          606        41.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      1               30,730.25                   0.01       11.500            358            95.00            95.00          641        46.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     18            5,136,997.40                   1.74        7.820            357            91.52            91.89          611        44.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     39            4,846,509.30                   1.64        8.634            356            92.47            93.92          618        37.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 43

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    58           $8,361,342.84                  2.83%       8.489%            357           90.16%           93.52%          647       38.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      1,190          284,327,969.77                  96.25        8.230            357            91.27            92.14          621        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            11            2,719,086.67                   0.92        7.759            357            90.32            92.95          632        37.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       1,012         $231,479,643.00                 78.36%       8.231%            357           91.15%           92.13%          619       41.35%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          174           51,023,699.47                  17.27        8.082            357            91.39            92.37          632        43.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  72           12,752,419.56                   4.32        8.843            357            92.09            92.55          626        40.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.05        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              643         $183,861,177.46                 62.24%       7.910%            357           90.59%           90.64%          623       42.25%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              578          102,643,834.36                  34.75        8.834            356            92.43            95.01          620        41.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              38            8,903,387.46                   3.01        7.962            357            90.71            91.60          618        38.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    896         $203,945,202.67                 69.04%       8.015%            357           91.32%           92.19%          616       41.14%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  17            4,761,270.86                   1.61        7.977            357            90.27            91.98          624        41.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  346           86,701,925.75                  29.35        8.758            356            91.06            92.20          634        43.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     435          $84,700,170.17                 28.67%       8.590%            356           91.90%           92.83%          621       42.62%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    169           54,972,102.93                  18.61        8.150            357            90.95            92.17          625        42.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    410           99,106,536.17                  33.55        8.292            357            90.81            91.96          617        40.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      5            1,111,478.18                   0.38        8.166            357            93.25            93.25          630        35.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    240           55,518,111.83                  18.79        7.664            357            91.19            91.62          627        41.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 24

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   1,011         $280,469,646.17                 94.94%       8.079%            357           90.77%           91.78%          621       42.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                     248           14,938,753.11                   5.06       11.123            348            99.82            99.82          643        36.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                               1             $322,667.62                  0.11%      10.000%            357           90.00%           90.00%          525       46.62%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                               9            1,902,398.47                   0.64        8.611            357            89.61            90.81          548        43.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             157           37,503,763.57                  12.70        8.769            357            90.09            91.54          562        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             152           36,216,738.41                  12.26        8.606            357            91.36            92.74          588        42.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             341           83,557,615.81                  28.29        8.314            357            91.05            92.21          613        42.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             328           68,750,245.52                  23.27        8.316            357            91.76            92.34          638        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                             183           45,121,344.00                  15.27        7.531            356            91.43            92.00          663        40.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              88           22,033,625.88                   7.46        7.517            357            91.70            92.40          685        40.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 525
Maximum: 699
Weighted Average: 622

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           79          $12,230,379.23                  4.14%       8.595%            356           92.29%           92.80%          631       15.37%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          38            6,709,000.96                   2.27        8.604            356            91.52            92.39          614        22.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          73           14,436,895.46                   4.89        8.136            357            91.18            92.57          632        27.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         106           21,528,323.85                   7.29        8.117            356            91.22            91.63          622        32.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         157           35,484,228.00                  12.01        8.186            357            91.52            92.49          622        37.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         274           69,360,950.15                  23.48        8.207            357            90.70            91.75          624        42.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         471          122,719,718.60                  41.54        8.239            357            91.48            92.12          620        47.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          61           12,938,903.03                   4.38        8.208            357            89.78            94.21          608        53.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,259         $295,408,399.28                100.00%       8.233%            357           91.23%           92.19%          622       41.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.47%
Maximum: 54.99%
Weighted Average: 41.71%

2007-FRE1
Carrington Capital Management, LLC
FICO less than 600

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 1,726
Aggregate Principal Balance ($): 407,249,904
Weighted Average Current Mortgage Rate (%): 8.986
Weighted Average Margin (%): 6.270
Weighted Average Maximum Rate (%): 15.010
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 359
Weighted Average Stated Remaining Term (months): 356
Weighted Average Combined Original LTV (%): 78.81
% First Liens: 100.00
% Owner Occupied: 94.44
% Purchase: 17.52
% Full Documentation: 65.90
Non-Zero Weighted Average FICO Score: 558

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                5           $1,541,306.48                  0.38%       8.040%            177           75.70%           75.70%          550       37.07%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                2              382,408.86                   0.09        8.969            238            84.27            84.27          573        36.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               519          102,990,889.91                  25.29        9.516            357            76.14            77.83          544        39.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                          5            1,044,700.00                   0.26        7.318            357            71.09            71.09          590        46.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                              150           25,885,340.69                   6.36        8.988            357            73.55            74.31          558        40.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               248           50,174,481.70                  12.32        9.461            357            75.43            76.45          548        40.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                          1              197,000.00                   0.05        6.300            357            39.40            39.40          594        49.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          83           21,235,719.05                   5.21        9.451            357            75.84            77.31          540        42.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          51           15,226,180.67                   3.74        9.017            357            79.03            79.35          550        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                            16            3,773,646.35                   0.93        8.715            357            75.75            76.39          564        44.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         435          125,145,925.46                  30.73        8.560            357            79.58            81.06          570        41.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                         165           48,357,328.98                  11.87        8.524            357            80.83            81.70          573        41.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           3              761,206.58                   0.19        8.740            357            77.02            77.02          563        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            36            8,835,167.94                   2.17        8.292            357            74.94            75.40          577        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 7            1,698,601.31                   0.42        7.864            357            76.62            77.56          555        43.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           2             $622,665.81                  0.15%       5.963%            358           65.65%           65.65%          586       37.19%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           7            1,884,769.46                   0.46        6.437            358            67.55            67.55          578        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          35           14,477,776.26                   3.56        6.906            357            73.24            74.45          575        38.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          75           22,649,425.46                   5.56        7.350            357            75.65            75.65          575        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         172           50,322,139.44                  12.36        7.828            352            76.67            77.41          570        40.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         200           53,904,297.48                  13.24        8.344            356            80.85            81.63          564        41.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         334           83,367,393.05                  20.47        8.818            357            80.15            81.57          560        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         270           61,520,177.09                  15.11        9.318            357            79.17            81.08          556        41.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        294           61,490,756.92                  15.10        9.799            357            78.19            80.02          549        40.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                       121           22,210,340.09                   5.45       10.291            357            75.01            77.26          543        41.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        89           15,981,843.23                   3.92       10.766            357            72.33            72.88          535        41.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        49            6,973,885.88                   1.71       11.306            357            68.82            69.88          536        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        42            6,119,651.23                   1.50       11.742            357            65.74            66.44          534        39.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        28            3,669,879.19                   0.90       12.340            357            62.53            62.53          534        41.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         8            2,054,903.39                   0.50       12.721            357            62.09            62.09          538        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.950%
Maximum: 12.800%
Weighted Average: 8.986%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        6             $299,765.06                  0.07%      11.084%            358           50.27%           50.27%          559       31.97%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                237           18,822,106.53                   4.62        9.825            356            75.00            77.48          553        38.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               322           40,219,286.77                   9.88        9.534            357            75.68            77.58          554        39.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               316           54,834,286.22                  13.46        9.251            356            75.30            76.70          556        39.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                               259           58,362,541.53                  14.33        9.013            357            77.58            78.42          556        41.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                               158           43,373,190.98                  10.65        9.093            357            76.37            77.97          557        40.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                               106           34,713,746.13                   8.52        8.797            357            77.07            78.24          559        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                96           35,917,506.14                   8.82        8.764            357            81.43            83.22          561        42.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                54           22,854,897.35                   5.61        8.788            357            78.47            79.13          560        41.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                52           24,864,287.93                   6.11        8.667            357            78.46            79.60          563        43.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                42           22,023,874.41                   5.41        8.658            357            80.38            80.79          556        43.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                30           17,238,803.31                   4.23        8.616            351            80.88            81.90          563        42.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                14            8,677,851.13                   2.13        8.347            344            80.86            81.23          562        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                14            9,433,724.33                   2.32        8.422            357            77.21            79.06          553        40.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 8            5,895,914.84                   1.45        8.348            357            78.67            78.67          553        43.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                10            7,922,362.13                   1.95        8.833            357            75.26            75.46          572        40.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
850,000.01 - 900,000.00                                                 1              879,715.51                   0.22        7.350            358            80.00            80.00          590        30.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
900,000.01 - 950,000.00                                                 1              916,043.68                   0.22        7.750            357            77.47            77.47          586        37.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $49,927.94
Maximum: $916,043.68
Weighted Average: $235,950.12

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               5           $1,541,306.48                  0.38%       8.040%            177           75.70%           75.70%          550       37.07%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               2              382,408.86                   0.09        8.969            238            84.27            84.27          573        36.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,719          405,326,188.64                  99.53        8.990            357            77.55            78.82          558        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 359 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               5           $1,541,306.48                  0.38%       8.040%            177           75.70%           75.70%          550       37.07%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               2              382,408.86                   0.09        8.969            238            84.27            84.27          573        36.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                           1,719          405,326,188.64                  99.53        8.990            357            77.55            78.82          558        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 177 months
Maximum: 358 months
Weighted Average: 356 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           1              $49,973.99                  0.01%      12.450%            358           20.00%           20.00%          599       31.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           2              125,866.40                   0.03        9.229            357            22.52            22.52          535        37.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.01 - 30.00                                                           6              710,397.87                   0.17        9.091            357            28.59            28.59          566        38.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           7            1,203,913.42                   0.30        9.157            357            31.87            31.87          552        38.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           8            1,185,871.54                   0.29        8.317            357            38.54            38.54          551        40.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                          16            2,676,164.39                   0.66        9.371            358            42.88            42.88          556        38.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          24            4,185,110.49                   1.03        9.753            357            47.56            47.56          552        39.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          41            7,770,112.35                   1.91        9.291            357            52.61            52.61          553        43.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          46            9,260,773.27                   2.27        8.857            354            58.08            58.08          558        38.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                         104           23,762,132.69                   5.83        9.305            357            63.56            63.56          555        40.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                         157           36,299,945.67                   8.91        9.282            357            69.01            69.01          555        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                         199           48,493,560.59                  11.91        9.144            357            73.99            73.99          547        40.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         529          130,024,662.82                  31.93        9.003            355            79.50            79.53          551        39.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                         179           48,212,804.14                  11.84        8.541            357            83.85            84.46          568        42.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                         208           52,360,423.11                  12.86        8.658            357            89.32            89.71          570        41.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          60           13,945,132.19                   3.42        9.085            357            90.07            94.45          573        44.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        139           26,983,059.05                   6.63        9.140            357            85.09            99.95          572        44.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 20.00%
Maximum: 100.00%
Weighted Average: 78.81%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            209          $40,417,870.32                  9.92%       8.774%            349           74.24%           74.89%          563       40.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           5            1,144,464.74                   0.28        6.409            358            61.27            61.27          584        37.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          13            4,868,789.31                   1.20        6.788            357            77.75            77.75          574        44.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          65           21,700,905.05                   5.33        7.395            357            75.09            75.89          571        39.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                         141           39,211,629.11                   9.63        7.896            357            77.36            77.78          570        41.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                         199           53,186,484.17                  13.06        8.364            357            78.59            79.45          562        40.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                         281           71,472,511.36                  17.55        8.732            357            80.54            81.74          560        41.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         813          175,247,249.92                  43.03        9.847            357            77.21            79.06          550        40.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.563%
Maximum: 6.990%
Non-Zero Weighted Average: 6.270%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            209          $40,417,870.32                  9.92%       8.774%            349           74.24%           74.89%          563       40.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           2              622,665.81                   0.15        5.963            358            65.65            65.65          586        37.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           7            1,884,769.46                   0.46        6.437            358            67.55            67.55          578        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          25           10,942,547.92                   2.69        6.920            357            74.33            75.93          572        38.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          63           20,108,347.11                   4.94        7.347            357            76.65            76.65          575        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                         139           40,745,642.05                  10.01        7.813            357            76.86            77.56          569        41.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                         179           50,091,246.32                  12.30        8.342            357            81.13            81.97          564        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                         303           78,306,038.47                  19.23        8.816            357            80.55            82.02          560        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                         245           57,514,195.05                  14.12        9.319            357            79.27            81.24          556        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        259           56,625,469.67                  13.90        9.798            357            78.36            80.31          549        39.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                       101           18,765,236.43                   4.61       10.301            357            75.79            78.13          541        41.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        74           13,292,825.27                   3.26       10.770            357            72.47            73.07          534        41.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        47            6,737,067.70                   1.65       11.309            357            68.86            69.88          536        41.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        37            5,471,199.82                   1.34       11.755            357            64.02            64.80          533        40.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        28            3,669,879.19                   0.90       12.340            357            62.53            62.53          534        41.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         8            2,054,903.39                   0.50       12.721            357            62.09            62.09          538        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.950%
Maximum: 12.800%
Non-Zero Weighted Average: 9.010%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            209          $40,417,870.32                  9.92%       8.774%            349           74.24%           74.89%          563       40.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         2              622,665.81                   0.15        5.963            358            65.65            65.65          586        37.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         7            1,884,769.46                   0.46        6.437            358            67.55            67.55          578        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        25           10,942,547.92                   2.69        6.920            357            74.33            75.93          572        38.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        63           20,108,347.11                   4.94        7.347            357            76.65            76.65          575        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                       139           40,745,642.05                  10.01        7.813            357            76.86            77.56          569        41.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                       179           50,091,246.32                  12.30        8.342            357            81.13            81.97          564        41.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                       303           78,306,038.47                  19.23        8.816            357            80.55            82.02          560        41.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                       245           57,514,195.05                  14.12        9.319            357            79.27            81.24          556        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       259           56,625,469.67                  13.90        9.798            357            78.36            80.31          549        39.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                       101           18,765,236.43                   4.61       10.301            357            75.79            78.13          541        41.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        74           13,292,825.27                   3.26       10.770            357            72.47            73.07          534        41.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        47            6,737,067.70                   1.65       11.309            357            68.86            69.88          536        41.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                        37            5,471,199.82                   1.34       11.755            357            64.02            64.80          533        40.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                        28            3,669,879.19                   0.90       12.340            357            62.53            62.53          534        41.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         8            2,054,903.39                   0.50       12.721            357            62.09            62.09          538        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.950%
Maximum: 18.800%
Non-Zero Weighted Average: 15.010%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            209          $40,417,870.32                  9.92%       8.774%            349           74.24%           74.89%          563       40.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,517          366,832,033.66                  90.08        9.010            357            77.91            79.24          557        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            209          $40,417,870.32                  9.92%       8.774%            349           74.24%           74.89%          563       40.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                               1,517          366,832,033.66                  90.08        9.010            357            77.91            79.24          557        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            209          $40,417,870.32                  9.92%       8.774%            349           74.24%           74.89%          563       40.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2008                                                           1              154,557.78                   0.04        8.300            346            80.00           100.00          594        46.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              2              214,686.10                   0.05        9.830            352            77.04            77.04          526        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        20            4,295,101.34                   1.05        9.720            354            76.95            80.40          556        41.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          36            8,412,418.26                   2.07        9.415            355            78.00            80.23          549        42.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         82           21,211,537.11                   5.21        9.170            356            78.10            80.14          550        43.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        560          133,646,148.69                  32.82        9.062            357            78.05            79.65          555        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         341           82,482,785.14                  20.25        8.846            358            77.38            78.55          562        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                          17            4,746,430.89                   1.17       10.383            355            73.97            74.83          540        41.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         37            9,882,593.01                   2.43        9.251            356            76.26            76.73          558        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                        262           63,797,123.73                  15.67        8.937            357            78.96            79.98          562        41.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                         149           35,528,843.72                   8.72        8.853            358            77.74            78.43          556        41.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          7            1,968,783.63                   0.48        8.101            357            76.98            77.79          556        40.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           3              491,024.26                   0.12        8.272            358            75.80            75.80          562        44.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AK                                                                      1             $267,509.48                  0.07%       8.500%            357           80.00%           80.00%          525       35.19%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      4              398,779.45                   0.10       10.357            357            74.56            80.17          538        31.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      3              405,525.72                   0.10        8.880            357            81.54            81.54          552        36.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     36            8,119,448.88                   1.99        8.887            357            79.10            80.40          561        41.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                    200           72,577,533.15                  17.82        8.521            354            77.09            78.00          562        40.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                     12            3,232,657.43                   0.79        8.910            357            85.05            85.69          563        42.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     31            7,212,770.72                   1.77        9.226            357            76.48            76.77          550        38.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                     17            4,152,301.53                   1.02        8.979            357            70.96            70.96          542        37.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      8            1,479,691.87                   0.36        8.716            357            75.89            75.89          560        33.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                    259           53,186,897.85                  13.06        9.012            357            77.22            79.04          559        40.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     57            9,857,815.56                   2.42        9.331            355            84.50            87.85          563        40.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                     11            3,861,111.19                   0.95        8.523            357            79.33            83.28          561        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      2              331,835.17                   0.08        8.876            357            74.69            74.69          555        38.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      6              884,979.99                   0.22        9.089            328            82.60            82.60          548        35.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     81           16,365,055.22                   4.02        9.210            357            77.21            79.05          555        40.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     15            1,670,303.02                   0.41       10.004            357            81.27            83.54          556        39.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      8            1,555,402.41                   0.38        9.737            357            81.27            81.71          542        37.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      3              340,962.61                   0.08        9.266            358            89.87            89.87          571        34.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     56           14,753,360.92                   3.62        9.335            357            75.52            75.52          557        41.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                    174           39,678,195.05                   9.74        9.005            357            78.10            78.65          553        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      6              652,330.91                   0.16        9.682            357            73.63            76.15          555        45.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                     18            2,831,604.55                   0.70        8.911            357            79.57            80.87          554        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                     15            3,315,447.81                   0.81        8.907            357            83.86            85.72          560        44.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      6              520,758.51                   0.13       10.426            357            82.29            91.43          546        48.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     36            6,588,889.42                   1.62        9.094            357            78.65            84.04          565        38.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      2              240,181.63                   0.06        9.790            357            89.01            92.01          563        41.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      6            1,066,419.69                   0.26        9.867            356            78.87            78.87          552        34.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     98           25,674,485.35                   6.30        9.519            356            75.68            76.55          552        42.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                     12            1,646,209.93                   0.40        9.181            345            82.48            83.29          575        40.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                     19            4,936,782.96                   1.21        8.905            357            78.74            80.21          563        42.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    156           55,657,260.06                  13.67        8.864            357            74.99            76.03          561        43.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     13            1,545,666.06                   0.38        9.486            357            84.49            86.18          554        40.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      3              423,991.09                   0.10        9.186            358            80.66            80.66          537        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      9            1,904,507.83                   0.47        9.229            357            83.94            83.94          560        35.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     68            8,219,829.62                   2.02        9.437            357            78.59            79.54          553        38.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     15            3,312,695.67                   0.81        9.219            357            78.69            81.78          560        40.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                     21            2,584,904.65                   0.63        9.480            352            81.99            86.13          557        39.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                     17            2,208,212.86                   0.54        9.838            357            82.03            86.61          556        37.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     75           13,121,624.05                   3.22        8.777            357            77.13            77.69          555        39.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      7            1,384,050.15                   0.34        9.280            357            84.12            84.59          560        39.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     73           15,994,034.24                   3.93        9.240            357            77.11            77.87          554        39.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                     33            8,604,444.66                   2.11        8.591            357            82.42            84.76          563        43.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     28            3,671,103.28                   0.90        9.141            357            82.09            84.02          561        37.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      5              717,838.67                   0.18        9.181            357            68.77            68.77          572        39.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WY                                                                      1               94,493.11                   0.02       12.150            357            70.00            70.00          547        35.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 45

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    89          $18,644,908.10                  4.58%       9.823%            357           74.77%           78.40%          563       39.52%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                      1,618          384,606,644.10                  94.44        8.943            356            77.68            78.82          558        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                            19            3,998,351.78                   0.98        9.242            357            77.93            80.13          563        43.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                       1,456         $332,175,366.40                 81.57%       8.967%            356           78.04%           79.31%          557       40.63%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          198           61,403,000.75                  15.08        9.020            357            75.22            76.27          562        43.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  71           13,518,899.58                   3.32        9.295            357            75.77            77.87          556        39.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.04        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                            1,347         $324,493,183.78                 79.68%       8.951%            356           76.28%           76.43%          556       40.79%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              327           71,363,739.59                  17.52        9.113            357            82.77            89.24          567        42.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              52           11,392,980.61                   2.80        9.198            347            80.93            81.27          555        37.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                  1,207         $268,389,363.31                 65.90%       8.770%            356           78.84%           79.78%          557       40.48%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                  26            6,577,365.01                   1.62        8.855            357            78.65            81.14          562        36.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  493          132,283,175.66                  32.48        9.432            357            74.86            76.72          560        42.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     628         $135,743,150.02                 33.33%       9.283%            356           77.34%           78.22%          556       41.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    206           67,339,082.06                  16.54        8.786            357            77.04            78.11          561        42.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    662          159,183,968.99                  39.09        8.900            357            78.08            79.73          558        40.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      6            1,224,248.07                   0.30        9.208            358            78.27            78.27          555        34.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                    224           43,759,454.84                  10.75        8.683            352            76.98            78.39          562        40.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                   1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              4             $808,048.30                  0.20%       9.846%            357           71.42%           71.42%          500       30.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                             277           58,847,310.06                  14.45        9.924            357            73.93            74.39          514        41.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                             357           80,968,078.55                  19.88        9.360            354            75.28            76.04          538        40.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                             591          142,266,064.79                  34.93        8.806            357            78.36            79.87          562        41.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                             497          124,360,402.28                  30.54        8.500            357            79.83            81.54          588        40.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 599
Weighted Average: 558

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           64          $13,289,174.58                  3.26%       8.698%            357           78.35%           79.07%          564       15.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          63           11,396,272.11                   2.80        9.244            357            76.96            77.69          551        22.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                         110           22,379,330.40                   5.50        9.040            357            75.56            76.61          555        27.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                         182           37,430,186.65                   9.19        8.773            353            76.49            77.03          563        32.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         293           65,368,636.78                  16.05        9.054            357            76.19            77.35          558        37.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         398           99,606,173.18                  24.46        9.063            356            77.23            77.99          557        42.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         500          132,524,173.88                  32.54        8.929            357            78.77            79.90          559        47.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                         116           25,255,956.40                   6.20        9.118            357            79.04            85.07          556        53.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                              1,726         $407,249,903.98                100.00%       8.986%            356           77.55%           78.81%          558       40.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.47%
Maximum: 54.98%
Weighted Average: 40.99%

2007-FRE1
Carrington Capital Management, LLC
FICO less than 550

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 604
Aggregate Principal Balance ($): 132,416,305
Weighted Average Current Mortgage Rate (%): 9.667
Weighted Average Margin (%): 6.609
Weighted Average Maximum Rate (%): 15.671
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 358
Weighted Average Stated Remaining Term (months): 355
Weighted Average Combined Original LTV (%): 74.88
% First Liens: 100.00
% Owner Occupied: 94.86
% Purchase: 7.93
% Full Documentation: 67.60
Non-Zero Weighted Average FICO Score: 526

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                2           $1,185,552.76                  0.90%       7.990%            177           78.21%           78.21%          545       36.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               306           61,544,781.48                  46.48        9.737            357            75.70            76.40          527        39.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               50            8,164,199.95                   6.17        9.851            357            71.33            71.57          526        41.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                               122           27,154,967.48                  20.51        9.809            357            72.09            72.31          528        40.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          53           14,588,679.90                  11.02        9.683            357            74.75            75.13          526        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          28            7,783,372.98                   5.88        9.229            357            72.20            72.20          527        45.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             4              947,418.74                   0.72        9.684            358            73.45            73.45          525        42.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          32            8,668,226.60                   6.55        9.386            356            75.38            76.23          521        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                           4            1,407,476.30                   1.06        9.754            358            75.63            75.63          509        38.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 3              971,628.46                   0.73        7.404            357            77.86            79.50          528        41.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                           1             $739,149.09                  0.56%       6.950%            357           77.19%           77.19%          530       42.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                           5            1,357,212.77                   1.02        7.402            357            60.01            60.01          530        38.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          19            6,472,121.44                   4.89        7.812            325            71.20            71.20          530        38.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          38            9,551,644.57                   7.21        8.361            358            76.37            76.37          531        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          92           23,024,054.33                  17.39        8.795            357            76.16            76.98          529        43.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          94           22,209,294.81                  16.77        9.327            357            76.66            77.04          528        39.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        129           29,619,092.20                  22.37        9.832            357            75.90            76.89          523        39.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        70           13,155,229.57                   9.93       10.315            357            74.50            74.83          525        41.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        63           12,181,300.01                   9.20       10.762            357            72.87            73.04          524        41.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        34            5,035,695.87                   3.80       11.351            357            71.84            71.84          526        41.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        34            4,867,963.77                   3.68       11.754            357            66.23            66.73          525        40.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        19            2,713,269.31                   2.05       12.353            357            62.50            62.50          521        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         6            1,490,276.91                   1.13       12.714            356            63.78            63.78          523        41.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 6.950%
Maximum: 12.770%
Weighted Average: 9.667%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        3             $149,901.36                  0.11%      11.233%            357           67.11%           67.11%          526       27.23%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 93            7,236,094.54                   5.46       10.381            357            73.03            74.96          527        36.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               130           16,297,238.93                  12.31       10.063            357            73.54            74.18          525        38.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                               110           18,992,331.98                  14.34        9.859            357            72.75            72.82          526        40.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                87           19,630,419.82                  14.82        9.699            357            74.15            74.33          525        41.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                62           17,040,775.36                  12.87        9.645            357            73.92            74.33          528        40.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                31           10,159,263.26                   7.67        9.559            357            73.62            73.93          522        41.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                21            7,902,688.35                   5.97        9.480            357            78.78            78.78          526        43.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                17            7,166,594.35                   5.41        9.575            357            74.61            76.70          529        42.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                14            6,690,841.90                   5.05        9.430            357            73.09            74.19          530        43.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                16            8,361,374.10                   6.31        9.362            357            77.79            78.25          525        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 8            4,578,208.26                   3.46        9.320            335            76.94            76.94          533        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 4            2,467,383.86                   1.86        9.259            313            74.16            74.16          539        42.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 4            2,707,017.89                   2.04        8.681            357            77.06            77.06          526        34.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 3            2,236,554.53                   1.69        8.172            357            77.05            77.05          533        43.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 1              799,616.16                   0.60        9.990            357            68.09            68.09          525        45.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $49,956.65
Maximum: $799,616.16
Weighted Average: $219,232.29

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               2           $1,185,552.76                  0.90%       7.990%            177           78.21%           78.21%          545       36.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             602          131,230,751.89                  99.10        9.682            357            74.35            74.85          526        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 358 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               2           $1,185,552.76                  0.90%       7.990%            177           78.21%           78.21%          545       36.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             602          131,230,751.89                  99.10        9.682            357            74.35            74.85          526        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 177 months
Maximum: 358 months
Weighted Average: 355 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           1              $74,872.93                  0.06%       8.875%            357           20.83%           20.83%          511       49.10%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           2              489,287.85                   0.37       10.190            357            31.15            31.15          515        43.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           3              619,472.77                   0.47        8.792            357            38.87            38.87          527        37.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           6              840,426.04                   0.63        9.514            357            43.47            43.47          522        37.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          10            1,695,051.39                   1.28       10.786            357            48.31            48.31          525        41.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                          17            3,137,990.61                   2.37       10.330            357            52.35            52.35          526        44.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          14            2,792,663.29                   2.11        9.923            357            57.69            57.69          524        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          45            9,837,261.10                   7.43        9.946            357            63.78            63.78          527        39.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          78           15,881,712.44                  11.99       10.199            357            69.28            69.28          529        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                         109           25,258,591.77                  19.08        9.790            357            74.10            74.10          524        40.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         247           57,260,976.41                  43.24        9.460            353            79.56            79.58          526        40.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          47            9,994,818.05                   7.55        9.071            357            83.72            84.17          533        42.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                           5            1,126,216.96                   0.85        9.455            357            85.99            89.70          527        44.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          10            1,639,234.47                   1.24        9.619            357            80.52            94.40          531        44.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         10            1,767,728.57                   1.33        9.457            357            81.61           100.00          528        48.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 20.83%
Maximum: 100.00%
Weighted Average: 74.88%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             56          $10,297,171.45                  7.78%       9.621%            337           72.32%           72.51%          528       40.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           1               57,983.06                   0.04       11.600            357            51.33            51.33          546        27.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                           1              179,729.45                   0.14        9.450            357            78.26            78.26          510        38.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                           8            2,108,728.29                   1.59        8.720            357            68.65            68.65          531        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          29            6,630,789.58                   5.01        8.316            357            71.74            71.74          529        40.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          41            9,999,684.21                   7.55        8.688            357            73.63            73.63          526        40.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          79           20,524,261.96                  15.50        8.778            357            76.43            77.26          530        43.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         389           82,617,956.65                  62.39       10.144            357            74.59            75.15          525        40.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 4.000%
Maximum: 6.990%
Non-Zero Weighted Average: 6.609%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             56          $10,297,171.45                  7.78%       9.621%            337           72.32%           72.51%          528       40.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                           1              739,149.09                   0.56        6.950            357            77.19            77.19          530        42.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                           4            1,277,333.08                   0.96        7.399            357            60.98            60.98          530        39.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          15            5,022,929.30                   3.79        7.764            358            69.26            69.26          528        40.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          36            9,106,085.35                   6.88        8.366            358            76.59            76.59          531        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          84           21,631,550.70                  16.34        8.793            357            76.51            77.39          529        43.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          90           21,290,126.45                  16.08        9.329            357            76.76            77.16          529        39.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                        114           27,342,185.66                  20.65        9.832            357            76.08            77.07          523        39.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        61           11,972,456.33                   9.04       10.319            357            75.26            75.63          525        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        54           10,353,541.45                   7.82       10.777            357            73.27            73.47          524        40.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        33            4,852,820.02                   3.66       11.355            357            72.25            72.25          526        41.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        31            4,327,409.55                   3.27       11.767            357            64.73            65.28          524        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        19            2,713,269.31                   2.05       12.353            357            62.50            62.50          521        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         6            1,490,276.91                   1.13       12.714            356            63.78            63.78          523        41.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 6.950%
Maximum: 12.770%
Non-Zero Weighted Average: 9.671%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             56          $10,297,171.45                  7.78%       9.621%            337           72.32%           72.51%          528       40.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         1              739,149.09                   0.56        6.950            357            77.19            77.19          530        42.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         4            1,277,333.08                   0.96        7.399            357            60.98            60.98          530        39.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        15            5,022,929.30                   3.79        7.764            358            69.26            69.26          528        40.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        36            9,106,085.35                   6.88        8.366            358            76.59            76.59          531        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        84           21,631,550.70                  16.34        8.793            357            76.51            77.39          529        43.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        90           21,290,126.45                  16.08        9.329            357            76.76            77.16          529        39.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                       114           27,342,185.66                  20.65        9.832            357            76.08            77.07          523        39.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        61           11,972,456.33                   9.04       10.319            357            75.26            75.63          525        41.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        54           10,353,541.45                   7.82       10.777            357            73.27            73.47          524        40.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                        33            4,852,820.02                   3.66       11.355            357            72.25            72.25          526        41.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                        31            4,327,409.55                   3.27       11.767            357            64.73            65.28          524        41.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                        19            2,713,269.31                   2.05       12.353            357            62.50            62.50          521        41.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         6            1,490,276.91                   1.13       12.714            356            63.78            63.78          523        41.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 12.950%
Maximum: 18.770%
Non-Zero Weighted Average: 15.671%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             56          $10,297,171.45                  7.78%       9.621%            337           72.32%           72.51%          528       40.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 548          122,119,133.20                  92.22        9.671            357            74.56            75.08          526        40.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             56          $10,297,171.45                  7.78%       9.621%            337           72.32%           72.51%          528       40.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 548          122,119,133.20                  92.22        9.671            357            74.56            75.08          526        40.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             56          $10,297,171.45                  7.78%       9.621%            337           72.32%           72.51%          528       40.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              2              214,686.10                   0.16        9.830            352            77.04            77.04          526        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        11            2,012,477.68                   1.52       10.383            354            74.79            74.79          523        43.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          19            4,261,903.29                   3.22       10.046            355            77.72            79.76          523        43.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         37            8,677,147.89                   6.55        9.852            356            73.20            73.43          520        42.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        234           49,438,671.60                  37.34        9.682            357            75.44            76.18          528        39.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          88           20,196,801.42                  15.25        9.502            358            76.23            76.69          526        41.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                          12            3,384,184.86                   2.56       10.507            355            72.02            72.02          525        43.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         12            3,103,929.02                   2.34        9.732            356            69.07            69.07          523        40.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         80           17,850,564.62                  13.48        9.743            357            71.25            71.57          527        40.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          50           12,007,138.26                   9.07        9.348            358            74.63            74.63          527        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          2              845,380.58                   0.64        7.233            357            77.54            79.43          529        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           1              126,247.88                   0.10        8.550            358            80.00            80.00          522        45.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AK                                                                      1             $267,509.48                  0.20%       8.500%            357           80.00%           80.00%          525       35.19%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AL                                                                      3              344,830.58                   0.26       10.460            357            72.15            77.85          529        32.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      1               95,867.38                   0.07        9.850            357            80.00            80.00          507        28.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                     13            2,355,245.78                   1.78        9.573            357            73.99            73.99          524        42.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     56           18,598,823.67                  14.05        9.241            345            74.60            75.06          529        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      2              487,555.00                   0.37        9.419            357            77.70            77.70          540        35.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     13            3,292,653.31                   2.49        9.610            357            75.36            75.36          524        37.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                     10            2,323,589.67                   1.75        9.339            357            70.14            70.14          520        39.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      3              532,059.50                   0.40        9.123            357            74.96            74.96          537        38.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     84           16,222,265.71                  12.25        9.698            357            75.51            76.02          525        39.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                     14            2,450,653.52                   1.85        9.964            357            80.70            83.50          529        41.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      4            1,119,240.23                   0.85        9.194            356            80.74            87.34          521        46.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IA                                                                      1              155,758.04                   0.12        9.300            357            80.00            80.00          525        37.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      3              397,029.64                   0.30        9.026            357            79.92            79.92          527        32.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     33            6,673,235.73                   5.04        9.419            357            74.09            74.34          527        41.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      4              531,316.75                   0.40       10.981            357            78.82            80.57          528        40.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KS                                                                      2              548,887.58                   0.41        9.887            357            76.39            76.39          505        28.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      1               65,555.01                   0.05       11.200            358            80.00            80.00          530        28.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     24            6,215,630.09                   4.69       10.083            357            72.44            72.44          532        38.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     63           14,400,842.16                  10.88        9.640            357            74.12            74.24          521        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      3              331,072.80                   0.25        9.785            357            66.10            66.10          524        38.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      7              889,673.14                   0.67        9.968            356            79.25            80.43          524        42.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      4              916,104.74                   0.69        9.271            358            74.69            74.69          528        35.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      4              318,080.62                   0.24       10.905            357            78.44            87.03          526        44.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                     11            1,561,097.89                   1.18        9.879            357            74.63            76.12          531        38.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      1               95,981.12                   0.07        9.700            357            80.00            80.00          525        31.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      3              462,600.58                   0.35       10.248            356            71.86            71.86          539        37.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     44           11,698,864.40                   8.83        9.966            357            74.44            74.73          527        43.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      2              191,844.71                   0.14       10.214            357            80.00            80.00          514        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      6            1,117,281.05                   0.84       10.071            357            72.49            72.49          526        42.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     49           16,373,616.66                  12.37        9.691            357            70.85            71.09          526        45.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      7              642,879.92                   0.49       10.139            357            79.96            81.21          531        34.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      2              338,510.75                   0.26        9.422            358            81.40            81.40          532        49.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      1              113,410.49                   0.09        8.950            357            80.00            80.00          536        32.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     27            3,276,445.49                   2.47        9.968            357            77.90            78.92          528        38.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      6            1,288,332.13                   0.97        9.949            357            73.72            75.00          531        42.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      6              643,492.35                   0.49       10.521            357            69.29            69.29          524        35.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      6              792,586.39                   0.60       10.403            357            74.09            74.09          534        35.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     27            4,566,695.72                   3.45        9.158            357            76.43            76.43          524        39.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
UT                                                                      2              387,483.14                   0.29       10.022            357            80.00            80.00          528        35.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                     32            6,104,827.03                   4.61       10.036            357            72.47            72.47          526        40.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      8            1,876,234.64                   1.42        9.217            357            78.97            82.39          536        41.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                      9            1,112,325.03                   0.84        9.775            357            76.87            79.03          527        36.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WV                                                                      1              143,821.92                   0.11       10.370            357            80.00            80.00          523        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WY                                                                      1               94,493.11                   0.07       12.150            357            70.00            70.00          547        35.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 45

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    31           $5,639,661.74                  4.26%      10.466%            357           72.06%           72.74%          527       39.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        569          125,608,279.57                  94.86        9.626            355            74.48            74.97          526        40.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                             4            1,168,363.34                   0.88       10.193            357            74.68            74.68          530        41.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         505         $107,821,784.82                 81.43%       9.637%            355           75.13%           75.63%          526       40.08%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           69           19,542,118.78                  14.76        9.738            357            70.13            70.71          529        46.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  30            5,052,401.05                   3.82       10.038            357            74.94            74.94          529        38.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              527         $117,747,075.78                 88.92%       9.660%            356           73.87%           73.95%          526       40.88%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                               54           10,505,757.47                   7.93        9.695            357            78.60            83.81          528        42.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              23            4,163,471.40                   3.14        9.807            331            78.08            78.66          526        37.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    445          $89,507,524.71                 67.60%       9.484%            355           74.66%           75.19%          526       40.76%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   6            1,871,986.69                   1.41        9.677            357            76.10            76.10          524        30.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  153           41,036,793.25                  30.99       10.067            357            73.70            74.13          529        41.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     231          $49,606,660.28                 37.46%       9.894%            357           74.38%           74.72%          525       40.85%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     67           19,910,888.92                  15.04        9.449            357            72.27            72.47          528        43.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    236           50,317,852.07                  38.00        9.609            357            75.89            76.73          526        40.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30                                                                      4              822,612.11                   0.62        9.325            358            73.72            73.72          536        38.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     66           11,758,291.27                   8.88        9.352            339            71.59            71.76          530        38.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 less than or equal to 500                                              4             $808,048.30                  0.61%       9.846%            357           71.42%           71.42%          500       30.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                             277           58,847,310.06                  44.44        9.924            357            73.93            74.39          514        41.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                             323           72,760,946.29                  54.95        9.457            354            74.78            75.31          537        40.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 500
Maximum: 549
Weighted Average: 526

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           21           $3,305,363.64                  2.50%       9.672%            357           75.11%           75.65%          531       15.83%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          26            4,813,278.27                   3.63        9.682            357            75.60            75.76          522        22.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          44            8,036,391.67                   6.07        9.608            357            72.86            73.03          528        28.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          57           10,251,181.61                   7.74        9.579            347            75.26            75.45          532        32.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                         108           23,630,646.92                  17.85        9.779            357            74.73            75.05          527        37.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         148           34,634,193.76                  26.16        9.683            354            74.09            74.15          525        42.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         161           38,170,493.16                  28.83        9.640            357            74.33            74.86          526        47.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          39            9,574,755.62                   7.23        9.577            357            74.24            77.37          526        53.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                604         $132,416,304.65                100.00%       9.667%            355           74.38%           74.88%          526       40.91%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 6.86%
Maximum: 54.98%
Weighted Average: 40.91%

2007-FRE1
Carrington Capital Management, LLC
DTI greater than 50

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 202
Aggregate Principal Balance ($): 48,248,900
Weighted Average Current Mortgage Rate (%): 8.244
Weighted Average Margin (%): 5.786
Weighted Average Maximum Rate (%): 14.408
Weighted Average Original Months to Roll: 28
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 84.46
% First Liens: 99.96
% Owner Occupied: 88.38
% Purchase: 32.09
% Full Documentation: 66.34
Non-Zero Weighted Average FICO Score: 594

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                1              $16,896.79                  0.04%      11.990%            177           95.00%           95.00%          688       51.46%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                                49            9,426,709.81                  19.54        8.688            357            78.55            86.27          588        53.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               19            3,572,467.60                   7.40        7.994            358            76.47            81.39          617        52.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                16            3,085,439.51                   6.39        9.064            357            74.98            78.33          560        53.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          10            2,732,760.49                   5.66        8.926            357            78.49            84.09          572        52.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          21            6,555,126.15                  13.59        7.839            358            79.80            80.64          584        53.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                            21            4,540,681.10                   9.41        7.323            357            78.78            79.31          617        52.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          40           11,155,671.59                  23.12        8.422            357            80.87            89.27          593        53.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          16            4,326,018.61                   8.97        7.824            357            83.16            87.65          606        52.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                             9            2,837,128.74                   5.88        7.852            357            78.40            82.57          623        52.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           3           $1,159,590.54                  2.40%       5.777%            358           84.76%           84.76%          653       53.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          10            3,891,535.21                   8.07        6.344            357            77.10            87.06          635        52.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          27            7,393,821.41                  15.32        6.770            357            78.12            80.04          638        53.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          16            4,389,701.92                   9.10        7.367            358            81.04            81.86          637        53.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          18            5,714,927.70                  11.84        7.847            357            79.22            83.83          598        53.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          21            4,206,448.74                   8.72        8.241            357            77.61            83.08          579        52.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          33            7,752,520.46                  16.07        8.805            357            82.10            86.74          572        52.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          27            5,423,180.77                  11.24        9.274            357            80.43            88.89          572        53.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         19            3,532,819.67                   7.32        9.864            357            79.77            92.47          559        52.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        14            2,198,443.08                   4.56       10.256            357            79.41            86.10          540        53.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         7            1,815,124.12                   3.76       10.799            357            71.52            71.94          536        53.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         4              220,288.07                   0.46       11.168            357            80.59            83.04          554        53.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         2              453,977.93                   0.94       11.566            350            70.93            70.93          538        53.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         1               96,520.77                   0.20       12.250            357            70.00            70.00          515        54.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.750%
Maximum: 12.250%
Weighted Average: 8.244%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        1              $16,896.79                  0.04%      11.990%            177           95.00%           95.00%          688       51.46%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 44            3,298,551.65                   6.84        9.432            357            79.58            85.33          576        52.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                33            4,047,882.38                   8.39        8.622            357            81.27            86.68          590        52.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                26            4,456,007.04                   9.24        7.991            357            78.05            84.21          600        52.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                15            3,349,777.59                   6.94        7.830            357            79.75            85.90          594        52.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                19            5,200,882.28                  10.78        8.780            357            75.03            82.85          586        52.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                14            4,456,505.01                   9.24        8.317            357            85.53            91.49          599        53.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                20            7,551,552.98                  15.65        8.041            357            79.25            83.44          595        52.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                 5            2,105,501.20                   4.36        9.485            357            76.55            80.64          552        53.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                 8            3,843,420.18                   7.97        7.833            357            75.17            79.38          603        52.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                 8            4,169,391.96                   8.64        7.812            357            84.37            88.42          598        53.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 3            1,714,185.29                   3.55        8.927            358            81.74            81.74          579        53.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 4            2,508,978.12                   5.20        7.118            357            78.46            78.46          612        54.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 1              731,657.01                   1.52        7.450            357            80.00            80.00          669        54.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 1              797,710.91                   1.65        6.250            357            64.00            88.31          637        53.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $16,896.79
Maximum: $797,710.91
Weighted Average: $238,855.94

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1              $16,896.79                  0.04%      11.990%            177           95.00%           95.00%          688       51.46%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             201           48,232,003.60                  99.96        8.242            357            79.30            84.46          594        53.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1              $16,896.79                  0.04%      11.990%            177           95.00%           95.00%          688       51.46%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             201           48,232,003.60                  99.96        8.242            357            79.30            84.46          594        53.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 177 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           1              $86,823.35                  0.18%       7.990%            357           38.06%           38.06%          552       52.80%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           1              259,679.52                   0.54        6.750            357            43.33            43.33          638        51.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           1              169,672.55                   0.35        8.250            357            48.57            48.57          527        50.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           2              399,862.18                   0.83       10.087            357            51.42            51.42          530        52.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           5            1,068,776.68                   2.22        7.215            358            57.94            57.94          631        52.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                           8            2,252,894.40                   4.67        8.453            357            64.22            64.22          573        52.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          14            3,043,395.63                   6.31        9.079            357            68.87            68.87          593        52.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          17            4,146,485.08                   8.59        8.313            358            73.44            73.44          563        53.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                          31            8,164,310.34                  16.92        8.337            357            78.93            79.22          582        53.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          18            5,833,503.38                  12.09        7.314            357            83.14            83.87          608        53.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          33            9,014,690.36                  18.68        7.816            357            85.97            89.53          618        53.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          11            2,096,095.77                   4.34        8.623            356            80.80            94.33          614        52.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         60           11,712,711.15                  24.28        8.686            357            84.40            99.91          590        52.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 38.06%
Maximum: 100.00%
Weighted Average: 84.46%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             50          $10,967,174.23                 22.73%       7.686%            357           77.95%           80.85%          619       52.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           3            1,159,590.54                   2.40        5.777            358            84.76            84.76          653        53.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           2            1,347,146.13                   2.79        6.189            357            71.38            85.77          622        53.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                           9            3,188,176.37                   6.61        6.635            357            82.63            85.09          642        53.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          11            3,102,525.17                   6.43        7.460            357            78.07            79.24          619        53.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          15            4,579,096.36                   9.49        7.734            357            80.06            82.43          606        53.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          25            6,016,559.04                  12.47        8.157            357            76.99            83.40          582        52.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          21            5,137,423.18                  10.65        8.761            357            82.79            88.38          568        52.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          66           12,751,209.37                  26.43        9.772            357            79.69            88.16          559        53.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.350%
Maximum: 6.990%
Non-Zero Weighted Average: 5.786%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             50          $10,967,174.23                 22.73%       7.686%            357           77.95%           80.85%          619       52.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           3            1,159,590.54                   2.40        5.777            358            84.76            84.76          653        53.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           3            1,580,792.77                   3.28        6.235            357            73.39            85.66          616        52.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          13            4,278,309.19                   8.87        6.750            357            80.81            82.64          635        53.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          11            3,329,927.02                   6.90        7.380            358            79.10            80.19          638        53.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          14            4,784,248.95                   9.92        7.838            357            79.21            84.72          596        53.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          18            3,881,317.76                   8.04        8.241            357            77.01            82.94          573        52.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          26            6,151,350.45                  12.75        8.798            357            83.39            88.66          570        52.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          25            4,750,127.50                   9.85        9.250            357            82.50            92.16          570        53.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         17            3,317,030.41                   6.87        9.855            357            79.46            92.40          559        52.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        12            2,021,249.53                   4.19       10.264            357            79.47            86.74          540        52.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         5            1,327,834.39                   2.75       10.814            357            68.40            68.98          538        52.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         3              166,345.74                   0.34       11.206            357            77.54            77.54          553        52.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         1              437,081.14                   0.91       11.550            357            70.00            70.00          532        53.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         1               96,520.77                   0.20       12.250            357            70.00            70.00          515        54.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.750%
Maximum: 12.250%
Non-Zero Weighted Average: 8.408%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             50          $10,967,174.23                 22.73%       7.686%            357           77.95%           80.85%          619       52.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         3            1,159,590.54                   2.40        5.777            358            84.76            84.76          653        53.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         3            1,580,792.77                   3.28        6.235            357            73.39            85.66          616        52.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        13            4,278,309.19                   8.87        6.750            357            80.81            82.64          635        53.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        11            3,329,927.02                   6.90        7.380            358            79.10            80.19          638        53.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        14            4,784,248.95                   9.92        7.838            357            79.21            84.72          596        53.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        18            3,881,317.76                   8.04        8.241            357            77.01            82.94          573        52.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        26            6,151,350.45                  12.75        8.798            357            83.39            88.66          570        52.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        25            4,750,127.50                   9.85        9.250            357            82.50            92.16          570        53.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        17            3,317,030.41                   6.87        9.855            357            79.46            92.40          559        52.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        12            2,021,249.53                   4.19       10.264            357            79.47            86.74          540        52.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                         5            1,327,834.39                   2.75       10.814            357            68.40            68.98          538        52.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         3              166,345.74                   0.34       11.206            357            77.54            77.54          553        52.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         1              437,081.14                   0.91       11.550            357            70.00            70.00          532        53.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         1               96,520.77                   0.20       12.250            357            70.00            70.00          515        54.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.750%
Maximum: 18.250%
Non-Zero Weighted Average: 14.408%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             50          $10,967,174.23                 22.73%       7.686%            357           77.95%           80.85%          619       52.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 152           37,281,726.16                  77.27        8.408            357            79.70            85.52          587        53.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             50          $10,967,174.23                 22.73%       7.686%            357           77.95%           80.85%          619       52.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 152           37,281,726.16                  77.27        8.408            357            79.70            85.52          587        53.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             50          $10,967,174.23                 22.73%       7.686%            357           77.95%           80.85%          619       52.32%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April, 2008                                                             1              172,252.85                   0.36        8.100            349            80.00           100.00          603        50.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         2              155,120.60                   0.32        9.390            354            80.00           100.00          570        51.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                           5            1,165,387.59                   2.42        9.275            355            80.32            84.82          555        53.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         10            2,087,335.67                   4.33        8.042            356            81.30            84.40          584        53.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                         55           13,801,902.99                  28.61        8.645            357            79.27            88.47          592        53.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          26            5,933,142.19                  12.30        8.508            358            79.83            85.98          587        53.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                          3              904,555.06                   1.87        8.079            356            82.85            83.77          585        53.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         33            7,935,637.11                  16.45        8.289            357            78.72            82.08          586        52.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          17            5,126,392.10                  10.62        7.825            358            80.88            82.38          584        53.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                      4             $980,099.43                  2.03%       8.440%            358           85.33%           98.17%          615       52.78%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     18            6,345,313.83                  13.15        7.553            357            77.80            82.36          621        53.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      1              172,351.15                   0.36        6.750            357            80.00            99.54          692        50.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      3              547,455.97                   1.13        7.335            356            79.30            79.30          642        52.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     23            4,217,984.50                   8.74        8.724            357            81.65            89.22          580        53.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                      8            1,503,707.72                   3.12        8.070            357            81.75            93.35          582        52.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      2              661,665.09                   1.37        8.923            357            73.54            85.40          567        53.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      2              248,546.32                   0.52        7.721            358            77.39            77.39          630        53.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     13            3,432,328.60                   7.11        8.750            357            75.79            85.69          582        52.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      4              246,481.00                   0.51        9.661            357            86.34            98.80          616        51.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     12            3,455,059.57                   7.16        7.969            356            76.56            81.86          603        52.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     16            3,139,105.89                   6.51        8.514            357            81.11            86.24          581        52.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      2              236,331.25                   0.49        9.370            357            90.00            96.96          585        53.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      1               71,978.66                   0.15        9.400            356            90.00           100.00          571        54.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      2              193,901.89                   0.40        8.596            358            66.28            69.06          597        53.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      4              392,981.00                   0.81       10.241            357            83.03            91.77          553        54.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      2              132,638.42                   0.27        9.725            357            90.00            95.77          614        53.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     13            4,523,000.58                   9.37        8.244            357            81.91            83.27          600        53.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      1              145,357.11                   0.30        8.950            357            80.00            97.58          622        50.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      1              486,759.55                   1.01        9.400            357            75.00            90.00          589        53.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     28           12,031,124.95                  24.94        8.096            357            77.79            79.97          584        53.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      5              525,223.54                   1.09        8.682            357            83.22            93.82          578        52.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OK                                                                      2              421,405.34                   0.87        8.289            358            77.96            77.96          596        51.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                      9              596,648.31                   1.24        9.257            357            79.74            82.78          589        52.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      3              702,331.87                   1.46        8.382            357            86.52            94.62          612        53.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      3              353,465.99                   0.73        9.883            356            90.00           100.00          566        52.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      3              395,238.77                   0.82        8.504            356            87.80            94.77          591        52.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     10              819,190.69                   1.70        8.903            357            78.48            80.97          602        52.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      5              865,056.59                   1.79        7.366            358            77.46            82.69          623        52.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      2              406,166.81                   0.84        6.181            358            82.88            82.88          601        51.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 30

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    22           $4,362,485.04                  9.04%       9.458%            357           76.97%           85.47%          587       52.70%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        175           42,640,493.78                  88.38        8.120            357            79.47            84.25          595        53.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                             5            1,245,921.57                   2.58        8.214            357            81.94            88.11          594        53.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         133          $23,924,672.39                 49.59%       8.347%            357           81.24%           89.02%          592       52.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           66           23,812,932.72                  49.35        8.147            357            77.28            79.69          596        53.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                   2              358,658.03                   0.74        7.125            356            80.00            90.38          599        52.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.32        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              116          $31,515,347.33                 65.32%       7.959%            357           77.53%           79.01%          596       52.97%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                               80           15,481,513.25                  32.09        8.846            357            83.40            96.02          589        53.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                               6            1,252,039.81                   2.59        7.949            356            73.18            78.62          617        52.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    144          $32,009,091.70                 66.34%       7.981%            357           79.99%           84.12%          594       53.06%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   4            1,410,579.99                   2.92        7.776            358            84.21            87.80          612        53.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                   54           14,829,228.70                  30.73        8.855            357            77.36            84.88          594        52.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      64          $14,756,161.15                 30.58%       8.316%            357           80.32%           84.83%          595       52.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     38           14,096,577.54                  29.22        8.243            357            79.51            82.04          585        53.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                     57           12,022,249.35                  24.92        8.483            357            79.16            89.44          592        53.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     43            7,373,912.35                  15.28        7.710            357            77.11            80.24          613        52.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 22

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     201          $48,232,003.60                 99.96%       8.242%            357           79.30%           84.46%          594       53.00%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                       1               16,896.79                   0.04       11.990            177            95.00            95.00          688        51.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              17           $4,374,555.77                  9.07%       9.590%            357           74.17%           77.25%          515       53.60%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              23            5,516,855.06                  11.43        9.600            357            74.62            78.77          536        52.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              44            6,439,556.40                  13.35        9.321            357            80.05            86.23          559        52.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              32            8,924,989.17                  18.50        8.441            357            83.43            91.96          586        53.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              35            9,537,239.50                  19.77        7.509            357            79.02            82.98          611        52.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              28            7,454,204.70                  15.45        7.220            357            77.97            82.40          639        52.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              12            3,464,295.94                   7.18        7.135            357            83.54            87.65          664        53.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              11            2,537,203.85                   5.26        6.825            356            81.14            85.68          687        52.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 501
Maximum: 698
Weighted Average: 594

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                         201          $48,133,187.31                 99.76%       8.247%            357           79.34%           84.51%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.00 - 59.99                                                           1              115,713.08                   0.24        7.000            357            64.44            64.44          628        55.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                202          $48,248,900.39                100.00%       8.244%            357           79.30%           84.46%          594       52.99%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 50.00%
Maximum: 55.00%
Weighted Average: 52.99%

2007-FRE1
Carrington Capital Management, LLC
Multiple Families

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 562
Aggregate Principal Balance ($): 178,009,591
Weighted Average Current Mortgage Rate (%): 8.155
Weighted Average Margin (%): 5.626
Weighted Average Maximum Rate (%): 14.229
Weighted Average Original Months to Roll: 29
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 81.51
% First Liens: 98.45
% Owner Occupied: 85.15
% Purchase: 23.80
% Full Documentation: 55.29
Non-Zero Weighted Average FICO Score: 615

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                6             $113,062.80                  0.06%      11.692%            177           97.65%           97.65%          665       33.58%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                1              379,590.08                   0.21        6.250            238            61.98            61.98          682        48.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               128           31,591,856.48                  17.75        9.065            357            76.35            79.79          593        42.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                          5            2,197,750.00                   1.23        6.470            357            77.35            82.80          627        38.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               82           15,063,449.34                   8.46        8.289            358            75.76            76.31          632        40.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                46           14,100,236.29                   7.92        8.517            357            74.03            77.30          598        42.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                          3            1,357,400.00                   0.76        6.594            357            83.95            88.16          652        36.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                          3            1,494,500.00                   0.84        6.460            357            78.30            78.30          661        46.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          39           13,593,658.52                   7.64        8.112            357            79.76            84.13          618        41.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                          28           12,869,811.02                   7.23        7.525            357            79.46            80.18          626        43.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                            14            4,511,231.82                   2.53        7.289            357            78.34            78.34          636        46.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                         109           40,095,086.47                  22.52        8.194            357            80.05            84.24          614        43.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          60           25,246,658.81                  14.18        7.880            357            82.32            84.27          615        43.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 5YR-ARM                                                           2              523,299.44                   0.29        8.855            358            72.61            72.61          597        38.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            33           13,264,167.78                   7.45        7.531            357            81.53            82.47          631        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 2            1,012,832.19                   0.57        7.789            357            78.70            78.70          662        35.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM 5YR-IO                                                          1              595,000.00                   0.33        6.650            357            85.00            85.00          683        42.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1             $480,250.00                  0.27%       5.250%            358           85.00%           85.00%          654       39.48%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           6            2,423,593.94                   1.36        5.856            358            74.44            75.92          647        45.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          33           15,024,188.80                   8.44        6.366            354            77.10            79.38          659        45.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          61           25,753,441.02                  14.47        6.840            357            78.67            80.67          638        42.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          58           22,169,607.93                  12.45        7.344            357            80.95            84.00          637        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          84           30,313,766.77                  17.03        7.797            357            79.41            83.82          623        42.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          58           18,436,855.29                  10.36        8.310            357            81.67            84.50          611        42.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          80           25,024,994.76                  14.06        8.816            357            79.35            82.46          592        42.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          37           10,965,837.62                   6.16        9.270            357            77.12            78.44          585        44.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         44           10,868,293.52                   6.11        9.785            356            79.80            82.20          589        41.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        25            5,186,463.63                   2.91       10.287            356            74.20            77.16          565        44.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        25            5,930,058.44                   3.33       10.799            357            71.68            71.68          548        43.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        21            1,675,248.73                   0.94       11.356            355            84.56            84.56          602        37.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        12            1,623,213.27                   0.91       11.770            353            69.39            70.87          556        46.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         8            1,126,083.50                   0.63       12.258            358            77.05            77.05          620        28.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         9            1,007,693.82                   0.57       12.758            351            67.39            67.39          576        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.250%
Maximum: 12.950%
Weighted Average: 8.155%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                       20             $639,577.65                  0.36%      11.809%            326           90.93%           90.93%          640       31.71%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 51            4,015,940.26                   2.26        9.955            357            84.11            87.57          615        35.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                48            6,079,139.06                   3.42        9.274            357            76.91            81.42          608        38.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                62           11,053,057.14                   6.21        8.823            357            72.22            75.47          601        38.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                48           10,770,032.38                   6.05        8.880            357            75.68            79.88          596        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                56           15,244,798.66                   8.56        8.554            357            76.86            81.03          607        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                35           11,477,140.49                   6.45        8.122            357            71.76            72.75          607        43.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                52           19,684,873.05                  11.06        8.038            355            77.44            81.67          617        44.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                47           19,895,906.60                  11.18        8.105            357            78.94            80.95          615        41.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                44           21,051,482.71                  11.83        7.566            357            79.81            82.75          619        43.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                40           20,781,923.81                  11.67        7.956            357            84.04            84.91          620        43.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                25           14,442,439.28                   8.11        7.770            357            82.03            84.73          619        42.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                18           11,316,772.46                   6.36        7.882            357            78.31            78.60          624        44.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 6            4,047,527.09                   2.27        7.682            357            87.28            91.49          626        43.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 7            5,111,926.80                   2.87        6.940            357            85.42            85.42          649        46.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 3            2,397,053.60                   1.35        7.898            356            73.40            81.49          622        43.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $14,915.66
Maximum: $799,694.24
Weighted Average: $316,743.04

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               6             $113,062.80                  0.06%      11.692%            177           97.65%           97.65%          665       33.58%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1              379,590.08                   0.21        6.250            238            61.98            61.98          682        48.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             555          177,516,938.16                  99.72        8.157            357            78.84            81.54          615        42.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               6             $113,062.80                  0.06%      11.692%            177           97.65%           97.65%          665       33.58%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1              379,590.08                   0.21        6.250            238            61.98            61.98          682        48.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             555          177,516,938.16                  99.72        8.157            357            78.84            81.54          615        42.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 175 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.01 - 20.00                                                           2             $172,727.25                  0.10%       9.323%            357           17.36%           17.36%          613       32.02%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           2              303,434.71                   0.17        6.875            358            22.65            22.65          622        45.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           4              870,712.39                   0.49        9.032            357            32.86            32.86          557        35.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           4            1,286,890.44                   0.72        7.882            357            37.51            37.51          569        41.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           9            2,365,643.67                   1.33        7.363            358            43.52            43.52          601        36.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                          12            2,458,730.51                   1.38        8.709            358            47.91            47.91          604        37.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           8            1,770,484.16                   0.99        9.916            357            51.98            51.98          553        46.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                          16            4,823,345.60                   2.71        8.137            357            58.06            58.06          605        42.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                          34           10,749,184.39                   6.04        8.712            353            63.36            63.36          599        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          36           10,749,025.61                   6.04        8.756            357            68.69            68.69          600        43.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          38           13,421,570.73                   7.54        8.499            357            73.98            73.98          579        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                         100           37,861,978.16                  21.27        8.027            357            79.14            79.20          611        42.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          50           18,533,680.65                  10.41        7.785            357            84.32            84.48          616        43.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          87           33,623,999.15                  18.89        7.816            357            88.96            89.54          631        44.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          34           11,120,179.83                   6.25        7.763            356            90.74            94.72          637        44.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        126           27,898,003.79                  15.67        8.431            357            85.28            99.97          633        40.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 16.29%
Maximum: 100.00%
Weighted Average: 81.51%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            136          $33,331,501.82                 18.72%       7.841%            355           78.32%           78.95%          633       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           1              480,250.00                   0.27        5.250            358            85.00            85.00          654        39.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           3            1,174,239.14                   0.66        5.744            358            76.10            79.16          656        49.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                          12            6,158,760.07                   3.46        6.201            357            77.79            80.94          652        43.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                          36           15,438,862.07                   8.67        6.693            357            78.21            80.72          642        42.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          46           18,271,001.73                  10.26        7.261            357            79.86            82.06          633        41.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          73           26,787,403.49                  15.05        7.718            357            81.27            87.12          625        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          53           19,174,102.15                  10.77        8.236            357            81.04            83.72          614        43.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          65           20,363,485.90                  11.44        8.711            357            79.94            83.57          593        42.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         137           36,829,984.67                  20.69        9.907            357            75.64            77.65          577        42.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.863%
Maximum: 6.990%
Non-Zero Weighted Average: 5.626%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            136          $33,331,501.82                 18.72%       7.841%            355           78.32%           78.95%          633       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1              480,250.00                   0.27        5.250            358            85.00            85.00          654        39.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           6            2,423,593.94                   1.36        5.856            358            74.44            75.92          647        45.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          18            9,281,780.02                   5.21        6.364            357            79.29            81.38          653        44.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          42           18,194,689.15                  10.22        6.857            357            78.68            81.42          638        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          41           16,265,986.52                   9.14        7.328            357            82.11            86.15          639        40.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          70           25,305,904.38                  14.22        7.790            357            79.46            84.74          624        43.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          51           16,520,025.52                   9.28        8.304            357            81.92            84.79          608        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          71           23,543,279.96                  13.23        8.812            357            80.10            83.56          592        42.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          35           10,292,784.35                   5.78        9.259            357            77.86            79.26          585        43.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         37           10,074,229.12                   5.66        9.785            356            79.61            82.07          587        41.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        20            4,265,616.33                   2.40       10.311            357            72.15            75.75          558        46.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        14            4,395,720.19                   2.47       10.786            357            69.12            69.12          534        44.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         6              728,766.91                   0.41       11.380            357            64.51            64.51          540        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         7            1,378,105.61                   0.77       11.780            357            64.01            65.75          540        46.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         4              751,583.50                   0.42       12.207            358            65.61            65.61          624        32.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         3              775,773.72                   0.44       12.743            358            59.65            59.65          561        43.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.250%
Maximum: 12.800%
Non-Zero Weighted Average: 8.229%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            136          $33,331,501.82                 18.72%       7.841%            355           78.32%           78.95%          633       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         1              480,250.00                   0.27        5.250            358            85.00            85.00          654        39.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         6            2,423,593.94                   1.36        5.856            358            74.44            75.92          647        45.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                        18            9,281,780.02                   5.21        6.364            357            79.29            81.38          653        44.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        42           18,194,689.15                  10.22        6.857            357            78.68            81.42          638        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        41           16,265,986.52                   9.14        7.328            357            82.11            86.15          639        40.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        70           25,305,904.38                  14.22        7.790            357            79.46            84.74          624        43.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        51           16,520,025.52                   9.28        8.304            357            81.92            84.79          608        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        71           23,543,279.96                  13.23        8.812            357            80.10            83.56          592        42.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        35           10,292,784.35                   5.78        9.259            357            77.86            79.26          585        43.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        37           10,074,229.12                   5.66        9.785            356            79.61            82.07          587        41.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        20            4,265,616.33                   2.40       10.311            357            72.15            75.75          558        46.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        14            4,395,720.19                   2.47       10.786            357            69.12            69.12          534        44.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         6              728,766.91                   0.41       11.380            357            64.51            64.51          540        43.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         7            1,378,105.61                   0.77       11.780            357            64.01            65.75          540        46.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         4              751,583.50                   0.42       12.207            358            65.61            65.61          624        32.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         3              775,773.72                   0.44       12.743            358            59.65            59.65          561        43.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.250%
Maximum: 18.800%
Non-Zero Weighted Average: 14.229%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            136          $33,331,501.82                 18.72%       7.841%            355           78.32%           78.95%          633       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 426          144,678,089.22                  81.28        8.228            357            78.93            82.10          611        42.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            136          $33,331,501.82                 18.72%       7.841%            355           78.32%           78.95%          633       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 426          144,678,089.22                  81.28        8.228            357            78.93            82.10          611        42.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            136          $33,331,501.82                 18.72%       7.841%            355           78.32%           78.95%          633       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              2              432,133.47                   0.24        8.276            352            76.37           100.00          682        45.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            1              163,214.14                   0.09        8.000            353            80.00           100.00          650        49.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         8            2,301,579.57                   1.29        9.370            354            77.43            79.93          596        41.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          17            6,305,580.11                   3.54        8.790            355            79.29            82.84          575        43.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         24            8,371,372.35                   4.70        8.589            356            78.50            82.08          588        45.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        133           41,344,887.43                  23.23        8.397            357            79.53            83.64          616        42.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          96           28,559,584.40                  16.04        8.349            358            77.25            80.98          608        42.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           5            2,266,107.24                   1.27        8.872            355            81.73            81.73          598        41.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                         14            6,230,937.51                   3.50        8.162            356            76.28            76.28          601        41.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         75           29,989,190.20                  16.85        7.858            357            80.61            83.74          620        43.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          46           16,582,371.17                   9.32        7.712            358            78.28            79.25          616        42.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          4            1,676,217.91                   0.94        7.457            357            81.40            81.40          666        37.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2012                                                           1              454,913.72                   0.26        8.750            358            70.00            70.00          601        38.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      1              $95,867.38                  0.05%       9.850%            357           80.00%           80.00%          507       28.30%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AZ                                                                      2              372,757.33                   0.21        8.559            357            82.94            82.94          601        41.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     40           17,609,143.22                   9.89        7.664            357            73.98            75.59          632        42.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      1              267,704.34                   0.15       10.900            357            80.00            80.00          573        49.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                     34            7,086,833.60                   3.98        8.364            357            80.75            82.42          612        42.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      3              711,625.44                   0.40        8.576            356            81.60            88.00          623        25.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     20            5,067,502.76                   2.85        8.654            357            80.05            84.86          606        40.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      1              492,749.63                   0.28        8.600            355            85.00           100.00          526        47.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      1              159,436.92                   0.09        7.900            357            79.95           100.00          683        47.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     57           14,988,281.40                   8.42        8.493            357            79.14            85.14          618        42.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      3              293,815.65                   0.17        9.434            358            86.87           100.00          627        42.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
KY                                                                      1              120,774.77                   0.07        8.500            358            80.00           100.00          631         6.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     69           18,124,338.05                  10.18        8.244            357            79.00            82.32          612        42.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                      5              967,813.36                   0.54        8.040            357            86.02            86.02          647        33.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      3              259,661.18                   0.15        8.716            357            81.76            81.76          610        35.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      4              824,693.27                   0.46        7.727            357            82.86            82.86          626        45.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      2              107,634.26                   0.06        7.198            319            83.96           100.00          683        42.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      1              137,833.92                   0.08        8.550            358            80.00            80.00          656        26.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      3              625,370.09                   0.35        7.133            358            79.93            79.93          632        47.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     60           18,695,167.62                  10.50        8.631            357            80.61            82.01          602        44.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      2              297,870.30                   0.17        8.493            358            86.19            93.81          595        45.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                    183           81,918,190.91                  46.02        7.907            357            78.47            80.44          617        42.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                      7              508,427.16                   0.29        9.250            350            85.59            91.25          636        35.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                     14            1,626,959.45                   0.91        8.818            357            83.06            86.45          615        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                     17            3,765,612.43                   2.12        9.094            357            80.54            87.95          590        43.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      1              164,840.29                   0.09       11.500            357            56.90            56.90          525        47.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                     27            2,718,686.31                   1.53        9.119            356            84.32            89.90          606        38.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 27

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                   103          $26,435,410.89                 14.85%       8.886%            357           74.35%           76.49%          614       38.62%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        459          151,574,180.15                  85.15        8.028            357            79.60            82.39          615        43.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                          562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              383         $130,915,573.55                 73.54%       8.032%            357           77.14%           77.67%          611       42.86%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              165           42,357,586.77                  23.80        8.566            357            84.30            93.92          626        42.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              14            4,736,430.72                   2.66        7.896            357            76.23            76.58          620        42.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    329          $98,420,379.02                 55.29%       7.846%            357           79.55%           81.90%          611       42.55%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   6            2,772,934.13                   1.56        8.079            357            83.21            86.04          622        41.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  227           76,816,277.89                  43.15        8.555            357            77.72            80.84          620        42.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                     189          $51,137,231.52                 28.73%       8.557%            357           79.97%           82.83%          611       42.97%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    205           84,447,719.57                  47.44        7.945            357            79.74            82.38          616        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    114           28,953,028.26                  16.26        8.408            357            76.36            79.81          607        41.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     54           13,471,611.69                   7.57        7.405            357            73.98            74.71          640        40.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 17

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     520         $175,254,717.93                 98.45%       8.104%            357           78.50%           81.23%          615       42.82%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                      42            2,754,873.11                   1.55       11.405            350            99.30            99.30          644        32.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              30           $7,342,747.93                  4.12%      10.084%            357           66.69%           67.01%          514       46.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              42           12,989,145.56                   7.30        9.440            357            72.36            73.10          538        46.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              58           17,887,847.44                  10.05        9.016            357            77.09            78.15          563        42.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              77           26,206,116.38                  14.72        8.408            357            77.73            79.40          590        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                             110           35,356,480.25                  19.86        8.045            357            78.45            81.66          611        43.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                             109           31,854,848.46                  17.90        7.742            357            81.27            85.38          639        40.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              90           29,305,911.07                  16.46        7.482            357            83.23            86.94          665        41.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              46           17,066,493.95                   9.59        7.214            354            81.04            84.04          688        43.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 501
Maximum: 698
Weighted Average: 615

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           32           $5,777,987.75                  3.25%       8.660%            356           82.12%           83.79%          614       13.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                           9            2,361,807.44                   1.33        7.879            355            77.04            82.11          630        22.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          35            9,111,711.08                   5.12        8.549            357            74.27            76.24          617        27.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          41           11,228,672.21                   6.31        7.924            357            76.46            78.54          627        32.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          82           24,415,257.41                  13.72        8.170            357            76.66            81.69          616        37.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                         106           37,269,738.22                  20.94        8.093            357            78.27            80.86          625        42.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         191           64,031,484.21                  35.97        8.138            356            81.37            83.54          613        47.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          66           23,812,932.72                  13.38        8.147            357            77.28            79.69          596        53.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                562         $178,009,591.04                100.00%       8.155%            357           78.82%           81.51%          615       42.66%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.94%
Maximum: 54.99%
Weighted Average: 42.66%

2007-FRE1
Carrington Capital Management, LLC
Condominium

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 200
Aggregate Principal Balance ($): 40,375,394
Weighted Average Current Mortgage Rate (%): 8.517
Weighted Average Margin (%): 5.875
Weighted Average Maximum Rate (%): 14.470
Weighted Average Original Months to Roll: 27
Weighted Average Stated Original Term (months): 359
Weighted Average Stated Remaining Term (months): 356
Weighted Average Combined Original LTV (%): 85.44
% First Liens: 96.80
% Owner Occupied: 93.22
% Purchase: 45.12
% Full Documentation: 53.68
Non-Zero Weighted Average FICO Score: 612

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                1             $190,835.63                  0.47%       7.490%            178           80.00%           80.00%          692       27.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                                38            7,036,983.15                  17.43        9.182            357            78.41            83.81          585        39.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                          7            1,442,250.00                   3.57        7.059            356            83.59            90.26          633        43.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               34            3,487,076.75                   8.64        9.486            357            82.46            82.46          595        34.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                18            2,759,308.07                   6.83        9.048            357            78.10            83.21          618        35.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                          2              569,000.00                   1.41        6.655            358            80.19            80.19          626        47.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                          1              211,500.00                   0.52        8.850            357            90.00            90.00          603        49.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                           8            1,675,037.99                   4.15        8.202            357            80.40            90.81          622        38.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                           6            1,484,894.42                   3.68        7.468            357            84.54            84.54          624        35.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             4              972,437.22                   2.41        7.965            356            85.69            85.69          651        40.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          60           14,541,638.09                  36.02        8.456            357            81.48            86.66          612        41.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          16            4,997,116.70                  12.38        8.176            357            83.39            85.94          629        44.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                             5            1,007,316.05                   2.49        7.496            357            81.39            81.39          628        41.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           3             $569,659.45                  1.41%       5.728%            356           79.86%           85.99%          652       47.95%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           2              686,715.09                   1.70        6.370            358            74.63            74.63          618        41.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          19            6,368,197.80                  15.77        6.889            357            79.15            84.32          631        41.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          14            3,265,572.18                   8.09        7.361            347            75.50            77.41          650        39.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          20            4,774,476.02                  11.83        7.816            357            80.80            86.04          631        39.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          29            6,865,340.91                  17.00        8.318            357            84.06            91.15          619        38.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          30            4,916,049.78                  12.18        8.833            357            81.33            84.87          601        40.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          19            4,533,341.54                  11.23        9.285            357            81.75            87.58          596        42.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         14            3,197,581.03                   7.92        9.871            357            82.77            84.59          575        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        14            1,711,958.93                   4.24       10.304            357            81.70            82.50          563        35.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        15            1,811,085.80                   4.49       10.785            357            87.24            87.24          594        36.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        13              736,912.65                   1.83       11.335            357            94.35            94.35          612        36.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         5              583,946.69                   1.45       11.632            357            68.94            68.94          535        33.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         2              228,637.39                   0.57       12.371            357            73.15            73.15          571        36.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         1              125,918.81                   0.31       13.325            357           100.00           100.00          609        47.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.550%
Maximum: 13.325%
Weighted Average: 8.517%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                       11             $403,641.77                  1.00%      11.143%            357           99.62%           99.62%          655       39.92%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 21            1,503,844.10                   3.72        9.922            357            87.94            87.94          615        37.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                46            5,710,745.48                  14.14        9.417            357            76.54            82.35          590        38.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                50            8,710,487.25                  21.57        8.673            353            81.84            87.56          607        40.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                24            5,292,148.53                  13.11        8.095            358            83.45            89.41          632        40.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                17            4,633,835.50                  11.48        8.662            357            84.35            86.89          613        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                 4            1,278,656.71                   3.17        7.299            358            80.51            80.51          631        39.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                13            4,917,652.55                  12.18        8.292            357            82.22            83.83          595        40.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                 3            1,281,851.26                   3.17        7.276            357            72.35            78.84          619        43.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                 3            1,457,477.52                   3.61        8.791            357            82.81            82.81          621        48.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                 1              503,811.72                   1.25        8.050            357            80.00           100.00          609        37.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 2            1,138,191.39                   2.82        8.807            357            90.00            90.00          616        40.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 1              605,798.43                   1.50        7.350            357            80.00            80.00          639        21.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 2            1,398,002.98                   3.46        7.175            358            66.01            66.01          615        39.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 1              739,590.13                   1.83        7.000            357            80.00           100.00          667        49.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 1              799,658.75                   1.98        7.700            357            80.00            80.00          609        43.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $25,954.85
Maximum: $799,658.75
Weighted Average: $201,876.97

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1             $190,835.63                  0.47%       7.490%            178           80.00%           80.00%          692       27.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             199           40,184,558.44                  99.53        8.522            357            81.30            85.47          611        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 359 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1             $190,835.63                  0.47%       7.490%            178           80.00%           80.00%          692       27.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             199           40,184,558.44                  99.53        8.522            357            81.30            85.47          611        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 178 months
Maximum: 358 months
Weighted Average: 356 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.01 - 35.00                                                           1             $174,731.53                  0.43%       7.350%            358           30.76%           30.76%          644       48.98%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           1              121,715.91                   0.30        8.800            357            50.00            50.00          562        43.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           2              594,633.76                   1.47        7.841            357            53.37            53.37          555        48.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           5            1,232,922.20                   3.05        7.924            357            58.26            58.26          561        33.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                           5            1,121,122.42                   2.78        8.864            357            63.58            63.58          558        36.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          13            2,534,200.16                   6.28        9.114            357            68.88            68.88          583        38.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                           9            1,875,943.31                   4.65        8.725            358            73.68            73.68          588        42.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                          35            7,742,402.75                  19.18        8.665            353            79.82            79.82          591        39.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          20            4,335,813.82                  10.74        7.804            358            84.18            84.18          620        42.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          35            8,590,708.90                  21.28        8.377            357            89.94            89.94          619        39.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          10            2,033,521.61                   5.04        8.925            356            92.13            94.96          647        45.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         64           10,017,677.70                  24.81        8.649            357            83.87           100.00          638        40.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 30.76%
Maximum: 100.00%
Weighted Average: 85.44%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             44           $5,657,665.65                 14.01%       8.803%            351           82.74%           82.74%          614       36.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           2              395,062.17                   0.98        5.806            358            79.80            79.80          637        47.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           1              367,000.00                   0.91        6.300            358            81.56            81.56          617        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                           7            1,896,828.06                   4.70        6.764            358            82.81            92.37          639        42.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          19            5,242,776.36                  12.99        7.241            357            77.54            80.84          638        40.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          14            4,068,968.80                  10.08        7.740            357            79.54            83.86          638        40.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          26            5,614,127.63                  13.90        8.185            357            81.89            90.29          625        40.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          28            5,674,160.75                  14.05        8.756            357            82.29            87.07          602        39.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          59           11,458,804.65                  28.38        9.734            357            81.93            85.43          582        41.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.350%
Maximum: 6.990%
Non-Zero Weighted Average: 5.875%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             44           $5,657,665.65                 14.01%       8.803%            351           82.74%           82.74%          614       36.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           3              569,659.45                   1.41        5.728            356            79.86            85.99          652        47.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           1              367,000.00                   0.91        6.300            358            81.56            81.56          617        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          15            4,893,193.87                  12.12        6.892            357            81.09            87.81          641        43.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          12            2,983,959.43                   7.39        7.362            358            75.38            77.47          646        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          19            4,529,739.14                  11.22        7.808            357            80.57            86.10          630        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          25            6,223,598.03                  15.41        8.307            357            83.39            91.22          618        39.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          26            4,224,971.24                  10.46        8.820            357            81.40            85.52          599        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          19            4,533,341.54                  11.23        9.285            357            81.75            87.58          596        42.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         14            3,197,581.03                   7.92        9.871            357            82.77            84.59          575        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                         6              972,276.21                   2.41       10.272            357            81.69            83.10          559        35.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         8            1,260,164.63                   3.12       10.766            357            83.91            83.91          577        36.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         2              200,610.94                   0.50       11.100            357            80.00            80.00          535        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         4              532,995.52                   1.32       11.639            357            67.40            67.40          531        32.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         2              228,637.39                   0.57       12.371            357            73.15            73.15          571        36.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.550%
Maximum: 12.450%
Non-Zero Weighted Average: 8.470%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             44           $5,657,665.65                 14.01%       8.803%            351           82.74%           82.74%          614       36.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         3              569,659.45                   1.41        5.728            356            79.86            85.99          652        47.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         1              367,000.00                   0.91        6.300            358            81.56            81.56          617        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        15            4,893,193.87                  12.12        6.892            357            81.09            87.81          641        43.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        12            2,983,959.43                   7.39        7.362            358            75.38            77.47          646        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        19            4,529,739.14                  11.22        7.808            357            80.57            86.10          630        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        25            6,223,598.03                  15.41        8.307            357            83.39            91.22          618        39.26
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        26            4,224,971.24                  10.46        8.820            357            81.40            85.52          599        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        19            4,533,341.54                  11.23        9.285            357            81.75            87.58          596        42.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        14            3,197,581.03                   7.92        9.871            357            82.77            84.59          575        43.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                         6              972,276.21                   2.41       10.272            357            81.69            83.10          559        35.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                         8            1,260,164.63                   3.12       10.766            357            83.91            83.91          577        36.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         2              200,610.94                   0.50       11.100            357            80.00            80.00          535        41.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         4              532,995.52                   1.32       11.639            357            67.40            67.40          531        32.52
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         2              228,637.39                   0.57       12.371            357            73.15            73.15          571        36.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.550%
Maximum: 18.450%
Non-Zero Weighted Average: 14.470%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             44           $5,657,665.65                 14.01%       8.803%            351           82.74%           82.74%          614       36.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 156           34,717,728.42                  85.99        8.470            357            81.06            85.88          611        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             44           $5,657,665.65                 14.01%       8.803%            351           82.74%           82.74%          614       36.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 156           34,717,728.42                  85.99        8.470            357            81.06            85.88          611        40.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             44           $5,657,665.65                 14.01%       8.803%            351           82.74%           82.74%          614       36.75%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
May, 2008                                                               1              181,600.00                   0.45        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         4              634,202.84                   1.57        8.539            354            79.39            89.67          573        45.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                           2              577,926.96                   1.43        8.434            355            80.00            86.44          593        49.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                          5            1,643,015.16                   4.07        9.601            356            76.02            76.02          581        45.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                         64           14,233,604.14                  35.25        8.414            357            79.67            86.78          612        39.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          37            7,425,560.13                  18.39        8.648            358            83.74            87.16          603        41.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                          1              149,811.77                   0.37       11.650            356            56.60            56.60          527        32.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         22            5,279,111.47                  13.08        8.323            357            86.18            89.16          632        40.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          20            4,592,895.95                  11.38        8.032            358            78.16            80.57          619        41.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AR                                                                      1              $91,140.94                  0.23%       8.990%            357           95.00%           95.00%          621       49.07%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     31            8,908,845.60                  22.07        7.949            357            79.84            85.97          620        42.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      2              175,245.44                   0.43        9.645            357            80.39            80.39          571        38.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      3              397,212.90                   0.98        9.473            357            76.20            79.49          551        34.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     62           11,940,260.77                  29.57        8.650            357            81.86            85.72          603        39.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                      2              289,939.38                   0.72       10.160            357            90.00            94.72          593        29.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      7            1,825,700.91                   4.52        8.498            357            80.25            80.25          594        39.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     16            2,028,600.19                   5.02        8.843            357            84.70            94.30          642        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     13            2,313,079.86                   5.73        8.761            356            88.17            95.76          661        42.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     25            4,471,749.29                  11.08        8.769            357            77.47            79.25          590        42.24
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      2              117,866.10                   0.29       10.774            357            91.19            91.19          568        29.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      1              222,542.00                   0.55        5.850            358            79.64            79.64          643        44.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     11            2,661,821.86                   6.59        8.951            345            78.51            81.90          626        41.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                      5            1,741,390.63                   4.31        8.032            358            82.35            82.35          615        31.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OR                                                                      1              119,985.23                   0.30        9.850            358            80.00            80.00          602        49.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                      3              533,052.29                   1.32       10.282            358            86.77            86.77          572        33.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      3              446,564.22                   1.11        7.727            357            85.23            92.27          656        31.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      5              913,158.19                   2.26        8.396            358            77.14            81.90          576        41.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VT                                                                      2              194,688.76                   0.48        8.552            358            82.37            95.00          641        41.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      3              693,004.50                   1.72        7.889            357            82.44            82.44          585        36.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                      2              289,545.01                   0.72        8.020            358            94.69            94.69          667        46.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 21

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    11           $1,845,953.25                  4.57%       9.224%            357           78.55%           86.31%          633       43.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        186           37,638,232.23                  93.22        8.505            356            81.51            85.58          610        40.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                             3              891,208.59                   2.21        7.539            357            77.76            77.76          619        22.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                 200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              102          $21,808,665.00                 54.01%       8.496%            356           80.28%           80.53%          603       41.96%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                               96           18,215,984.46                  45.12        8.554            357            82.36            91.26          621        38.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                               2              350,744.61                   0.87        7.872            357            88.87            88.87          657        47.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    104          $21,672,119.74                 53.68%       8.107%            357           80.65%           82.99%          604       40.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   3              521,928.62                   1.29        8.791            357            90.00            92.50          601        38.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                   93           18,181,345.71                  45.03        8.997            355            81.81            88.16          621        40.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      70          $13,721,350.84                 33.98%       9.035%            355           82.22%           86.59%          616       40.85%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     25            4,926,480.48                  12.20        7.956            357            81.75            85.61          631        37.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                     73           15,750,613.93                  39.01        8.525            357            81.25            85.72          602        41.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     32            5,976,948.82                  14.80        7.768            357            78.90            81.91          612        37.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 24

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     179          $39,084,610.22                 96.80%       8.427%            356           80.68%           84.96%          611       40.47%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                      21            1,290,783.85                   3.20       11.241            357            99.88            99.88          646        33.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              14           $2,065,013.53                  5.11%      10.218%            357           74.82%           74.82%          513       40.01%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              17            3,158,361.36                   7.82        9.880            357            75.83            76.37          540        38.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              23            5,240,093.72                  12.98        8.747            357            71.96            76.10          563        39.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              18            3,262,388.06                   8.08        8.973            358            83.36            84.88          590        39.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              34            8,202,539.64                  20.32        8.193            357            83.34            85.62          611        41.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              52            9,992,687.13                  24.75        8.155            357            83.94            90.03          639        38.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              32            6,639,462.86                  16.44        7.986            357            85.02            91.85          664        43.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              10            1,814,847.77                   4.49        8.121            337            84.00            91.71          686        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 502
Maximum: 697
Weighted Average: 612

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                            7           $1,102,293.11                  2.73%       8.506%            357           89.29%           89.29%          632       15.43%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                           8            1,584,950.77                   3.93        8.831            357            83.78            83.78          607        22.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          13            2,199,711.56                   5.45        8.912            342            77.03            80.58          611        26.93
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          18            4,252,991.91                  10.53        8.326            357            77.30            81.81          595        32.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          38            6,650,620.62                  16.47        8.811            357            80.91            87.21          602        37.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                          47            9,573,727.75                  23.71        8.565            357            83.24            87.25          613        42.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                          67           14,652,440.32                  36.29        8.348            357            81.16            85.01          619        47.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                           2              358,658.03                   0.89        7.125            356            80.00            90.38          599        52.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                200          $40,375,394.07                100.00%       8.517%            356           81.29%           85.44%          612       40.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 9.53%
Maximum: 54.53%
Weighted Average: 40.26%

2007-FRE1
Carrington Capital Management, LLC
Seasoned greater than or equal to 5 Months

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 156
Aggregate Principal Balance ($): 39,676,037
Weighted Average Current Mortgage Rate (%): 8.736
Weighted Average Margin (%): 6.027
Weighted Average Maximum Rate (%): 14.770
Weighted Average Original Months to Roll: 27
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 354
Weighted Average Combined Original LTV (%): 84.33
% First Liens: 98.71
% Owner Occupied: 87.50
% Purchase: 31.03
% Full Documentation: 53.48
Non-Zero Weighted Average FICO Score: 596

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                1              $21,327.80                  0.05%       9.700%            175          100.00%          100.00%          683       21.89%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                                52           11,031,320.28                  27.80        9.279            354            77.08            81.71          574        39.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                          1              181,600.00                   0.46        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               20            2,948,665.18                   7.43        8.871            355            80.44            80.61          600        42.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                20            5,345,785.93                  13.47        9.980            355            74.52            76.37          554        40.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 3YR-IO                                                          1              520,000.00                   1.31        6.500            354            80.00           100.00          645        44.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM 5YR-IO                                                          3            1,037,600.00                   2.62        7.017            355            80.00            98.61          650        35.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          12            3,846,046.42                   9.69        7.421            354            77.47            88.29          635        45.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                           1              254,554.54                   0.64        7.350            355            85.00            85.00          648        48.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             6            1,614,533.84                   4.07        8.124            353            88.61            88.61          642        42.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          30            9,440,985.56                  23.80        8.481            355            81.97            87.78          598        45.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                           4            1,649,518.38                   4.16        8.372            355            83.68            83.68          614        44.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                             5            1,784,099.44                   4.50        8.427            355            79.40            85.66          622        44.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1             $290,065.02                  0.73%       5.500%            355           80.00%          100.00%          644       42.11%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           2            1,187,023.33                   2.99        5.934            355            73.60            76.54          677        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           1              520,000.00                   1.31        6.500            354            80.00           100.00          645        44.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          11            4,615,383.48                  11.63        6.863            355            80.02            88.12          644        38.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                           7            3,100,681.87                   7.81        7.360            355            79.81            97.09          631        47.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          15            4,069,340.64                  10.26        7.876            354            84.52            88.83          628        44.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          16            4,399,062.96                  11.09        8.280            354            82.01            86.88          614        44.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          17            4,739,301.49                  11.94        8.838            355            80.21            86.41          590        42.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          20            4,638,550.04                  11.69        9.357            354            81.22            83.56          575        43.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         29            5,528,111.88                  13.93        9.789            354            76.34            78.20          562        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        14            2,611,346.36                   6.58       10.251            355            78.92            78.92          551        43.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        10            1,757,808.63                   4.43       10.823            355            77.31            78.60          530        40.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         3              321,465.66                   0.81       11.415            355            83.04            83.04          565        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         8            1,409,500.24                   3.55       11.734            355            66.13            66.13          532        38.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         2              488,395.77                   1.23       12.750            355            59.34            59.34          515        47.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.500%
Maximum: 12.750%
Weighted Average: 8.736%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        1              $21,327.80                  0.05%       9.700%            175          100.00%          100.00%          683       21.89%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 28            2,222,565.55                   5.60        9.548            354            82.14            88.50          592        43.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                26            3,188,493.54                   8.04        9.910            354            77.96            80.51          574        40.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                27            4,678,943.47                  11.79        9.011            354            77.93            85.82          596        43.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                15            3,355,858.73                   8.46        9.475            355            76.73            78.76          572        45.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                12            3,349,853.47                   8.44        9.292            354            76.84            83.56          592        43.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                11            3,587,643.92                   9.04        8.823            355            81.67            87.32          576        40.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                 6            2,279,390.73                   5.75        8.058            354            78.21            81.62          601        43.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                 7            2,997,645.06                   7.56        8.546            355            82.60            82.60          595        40.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                 7            3,307,187.07                   8.34        8.494            355            81.55            89.59          589        46.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                 7            3,651,643.68                   9.20        8.247            355            81.43            84.28          609        40.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 3            1,739,578.84                   4.38        8.387            355            79.12            86.01          615        31.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 2            1,210,385.79                   3.05        8.396            354            72.53            82.56          598        39.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 1              799,648.45                   2.02        9.450            354            80.00            80.00          599        44.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1,000,000.01 greater than or equal to                                   3            3,285,871.27                   8.28        6.803            355            77.69            85.22          645        47.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $21,327.80
Maximum: $1,237,864.20
Weighted Average: $254,333.57

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1              $21,327.80                  0.05%       9.700%            175          100.00%          100.00%          683       21.89%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             155           39,654,709.57                  99.95        8.736            355            79.22            84.32          596        42.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1              $21,327.80                  0.05%       9.700%            175          100.00%          100.00%          683       21.89%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             155           39,654,709.57                  99.95        8.736            355            79.22            84.32          596        42.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 175 months
Maximum: 355 months
Weighted Average: 354 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           2             $359,612.92                  0.91%      11.316%            355           47.12%           47.12%          522       42.93%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           2              436,199.36                   1.10       11.670            355            52.65            52.65          534        46.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           2              548,942.38                   1.38       10.800            355            57.98            57.98          531        29.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                           6            1,244,228.58                   3.14        9.591            355            63.97            63.97          577        34.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                           6            1,029,465.14                   2.59       11.116            355            69.11            69.11          532        42.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          16            4,308,839.49                  10.86        9.034            355            74.24            74.24          583        40.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                          49           13,627,988.96                  34.35        8.984            355            79.62            79.62          576        42.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          12            4,296,885.19                  10.83        8.337            355            84.41            84.52          618        46.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          10            2,360,934.10                   5.95        8.316            354            90.00            90.00          616        42.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                           2              379,407.76                   0.96        8.687            352            94.40            94.40          657        39.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         49           11,083,533.49                  27.94        7.944            354            81.65            99.87          626        42.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 47.00%
Maximum: 100.00%
Weighted Average: 84.33%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             32           $6,368,626.26                 16.05%       8.560%            354           82.29%           84.12%          617       43.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2.501 - 3.000                                                           1              290,065.02                   0.73        5.500            355            80.00           100.00          644        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           1            1,012,426.05                   2.55        6.000            355            72.50            72.50          676        41.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                           5            2,787,851.89                   7.03        6.904            355            80.00            89.42          644        35.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                           5            2,911,422.84                   7.34        7.378            355            80.44            98.19          630        47.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          14            3,441,166.44                   8.67        7.979            355            82.46            85.55          621        44.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          13            3,641,563.57                   9.18        8.382            355            81.39            85.84          605        44.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          18            4,414,716.59                  11.13        8.833            354            80.45            88.89          592        40.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          67           14,808,198.71                  37.32        9.909            355            76.32            79.22          557        42.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 2.920%
Maximum: 6.990%
Non-Zero Weighted Average: 6.027%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             32           $6,368,626.26                 16.05%       8.560%            354           82.29%           84.12%          617       43.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           1              290,065.02                   0.73        5.500            355            80.00           100.00          644        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           2            1,187,023.33                   2.99        5.934            355            73.60            76.54          677        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           1              520,000.00                   1.31        6.500            354            80.00           100.00          645        44.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                           5            2,787,851.89                   7.03        6.904            355            80.00            89.42          644        35.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                           6            3,005,570.18                   7.58        7.368            355            80.42            98.25          631        47.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          13            3,446,509.56                   8.69        7.896            354            83.84            88.92          629        45.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          14            3,742,513.11                   9.43        8.260            354            81.30            87.02          607        45.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          13            3,729,603.14                   9.40        8.825            355            80.42            88.18          586        40.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          19            4,515,218.83                  11.38        9.357            354            81.75            84.15          576        43.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         23            4,976,690.06                  12.54        9.780            355            75.38            77.44          560        38.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                         8            1,446,405.63                   3.65       10.297            355            75.75            75.75          518        45.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         9            1,700,145.05                   4.29       10.829            355            76.54            77.87          526        40.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         1              181,693.69                   0.46       11.350            355            70.00            70.00          505        36.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         7            1,289,725.85                   3.25       11.738            355            64.84            64.84          531        38.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         2              488,395.77                   1.23       12.750            355            59.34            59.34          515        47.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.500%
Maximum: 12.750%
Non-Zero Weighted Average: 8.770%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             32           $6,368,626.26                 16.05%       8.560%            354           82.29%           84.12%          617       43.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         1              290,065.02                   0.73        5.500            355            80.00           100.00          644        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         2            1,187,023.33                   2.99        5.934            355            73.60            76.54          677        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         1              520,000.00                   1.31        6.500            354            80.00           100.00          645        44.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         5            2,787,851.89                   7.03        6.904            355            80.00            89.42          644        35.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         6            3,005,570.18                   7.58        7.368            355            80.42            98.25          631        47.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        13            3,446,509.56                   8.69        7.896            354            83.84            88.92          629        45.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        14            3,742,513.11                   9.43        8.260            354            81.30            87.02          607        45.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        13            3,729,603.14                   9.40        8.825            355            80.42            88.18          586        40.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        19            4,515,218.83                  11.38        9.357            354            81.75            84.15          576        43.88
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        23            4,976,690.06                  12.54        9.780            355            75.38            77.44          560        38.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                         8            1,446,405.63                   3.65       10.297            355            75.75            75.75          518        45.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                         9            1,700,145.05                   4.29       10.829            355            76.54            77.87          526        40.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         1              181,693.69                   0.46       11.350            355            70.00            70.00          505        36.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         7            1,289,725.85                   3.25       11.738            355            64.84            64.84          531        38.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.501 - 19.000                                                         2              488,395.77                   1.23       12.750            355            59.34            59.34          515        47.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.500%
Maximum: 18.750%
Non-Zero Weighted Average: 14.770%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             32           $6,368,626.26                 16.05%       8.560%            354           82.29%           84.12%          617       43.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 124           33,307,411.11                  83.95        8.770            355            78.64            84.37          591        42.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             32           $6,368,626.26                 16.05%       8.560%            354           82.29%           84.12%          617       43.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 124           33,307,411.11                  83.95        8.770            355            78.64            84.37          591        42.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             32           $6,368,626.26                 16.05%       8.560%            354           82.29%           84.12%          617       43.05%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2008                                                           1              154,557.78                   0.39        8.300            346            80.00           100.00          594        46.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April, 2008                                                             1              172,252.85                   0.43        8.100            349            80.00           100.00          603        50.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
May, 2008                                                               1              181,600.00                   0.46        7.990            350            80.00           100.00          691        44.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.32        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              7            1,022,278.03                   2.58        8.857            352            79.47            92.42          643        41.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            2              257,361.48                   0.65        7.652            353            80.00           100.00          654        49.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                        29            6,690,568.56                  16.86        9.136            354            78.40            84.17          586        42.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                          53           15,894,606.54                  40.06        8.491            355            79.24            84.36          591        42.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         3              958,026.51                   2.41        7.122            354            81.55            97.67          642        42.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                          26            7,849,432.34                  19.78        9.283            355            77.01            80.09          578        41.25
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     18           $6,295,169.77                 15.87%       8.143%            355           77.32%           83.85%          619       40.70%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      6            1,209,987.19                   3.05        8.893            354            79.27            79.27          569        46.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      1              426,801.09                   1.08        8.950            355            80.00            80.00          582        18.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DE                                                                      1              345,763.87                   0.87        8.450            355            85.00            85.00          563        44.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     11            1,888,216.01                   4.76        9.525            355            79.68            80.18          576        43.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                      3            1,012,880.78                   2.55        8.429            354            78.52            92.61          581        45.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      1              492,749.63                   1.24        8.600            355            85.00           100.00          526        47.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                     13            2,065,957.33                   5.21        8.666            353            76.90            91.43          618        43.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      4              337,449.99                   0.85        9.201            353            78.21            83.79          593        43.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                     12            3,524,763.78                   8.88        8.189            354            83.17            84.14          603        45.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                     10            2,674,081.02                   6.74        7.977            355            81.35            93.69          617        44.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      4              541,727.27                   1.37       10.256            354            80.18            83.72          548        45.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MN                                                                      3              419,492.07                   1.06        9.924            355            85.24            90.49          559        41.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MO                                                                      3              173,913.43                   0.44        8.643            333            82.45           100.00          625        36.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      4              739,718.29                   1.86        9.573            354            79.77            91.54          593        41.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NH                                                                      1              127,020.52                   0.32        9.850            352            75.00            75.00          533        37.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                     15            5,206,946.28                  13.12        9.553            355            76.33            76.95          574        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NM                                                                      1              199,489.72                   0.50        9.400            355            80.00            80.00          586        36.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      1              199,872.23                   0.50        8.000            355            80.00           100.00          600        49.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     14            5,893,595.78                  14.85        9.075            355            79.03            82.28          584        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                      2              226,767.61                   0.57       10.879            355            73.01            73.01          518        34.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      4              743,464.18                   1.87        9.498            355            78.60            85.59          620        46.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      4              438,689.83                   1.11        9.705            355            87.06            93.04          563        43.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      1               86,937.50                   0.22        9.500            354            80.00           100.00          556        51.58
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                     13            3,074,911.58                   7.75        7.863            355            78.43            79.40          618        44.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      2              447,629.18                   1.13        9.123            354            90.00            90.00          584        43.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      1              599,080.93                   1.51        6.950            355            80.00           100.00          656        11.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                      3              282,960.51                   0.71        9.203            354            80.04            92.50          625        37.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 28

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    18           $4,957,991.24                 12.50%       9.343%            355           76.68%           78.79%          601       38.26%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        138           34,718,046.13                  87.50        8.650            354            79.59            85.12          595        43.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         105          $24,416,653.13                 61.54%       8.653%            355           78.61%           84.49%          596       41.85%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           42           13,447,635.94                  33.89        8.914            354            79.86            83.08          594        43.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                   8            1,659,111.05                   4.18        8.428            353            82.17            90.53          609        46.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Manufactured                                                            1              152,637.25                   0.38        9.750            355            90.00           100.00          569        52.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              101          $26,815,501.90                 67.59%       8.688%            355           79.00%           81.63%          592       42.22%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                               52           12,310,276.24                  31.03        8.780            354            80.20            90.63          606        43.48
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                               3              550,259.23                   1.39       10.113            353            68.40            74.66          567        33.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                     89          $21,220,232.73                 53.48%       8.411%            354           79.76%           86.36%          597       43.45%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   1              599,080.93                   1.51        6.950            355            80.00           100.00          656        11.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                   66           17,856,723.71                  45.01        9.183            354            78.56            81.39          592        42.40
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      70          $19,405,563.66                 48.91%       8.741%            354           79.40%           83.45%          596       43.85%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     19            5,187,059.60                  13.07        8.834            354            80.67            85.75          616        44.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                     49           11,774,842.38                  29.68        8.929            355            77.45            82.88          579        39.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     18            3,308,571.73                   8.34        7.871            353            82.27            92.43          622        42.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 23

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     149          $39,165,992.68                 98.71%       8.713%            355           78.96%           84.12%          595       42.47%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                       7              510,044.69                   1.29       10.552            347           100.00           100.00          648        44.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              26           $5,625,841.86                 14.18%      10.492%            355           74.41%           74.41%          513       41.68%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              24            5,116,875.13                  12.90        9.914            355            76.04            78.12          538        44.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              21            4,146,083.82                  10.45        9.289            355            78.78            83.01          562        43.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              20            6,084,550.62                  15.34        8.997            354            79.03            81.85          594        39.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              10            4,219,161.01                  10.63        7.911            355            82.52            92.30          613        46.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              30            8,432,259.62                  21.25        7.681            354            81.48            88.96          640        43.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              12            2,857,501.90                   7.20        7.699            354            84.41            95.35          659        35.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              13            3,193,763.41                   8.05        7.348            353            78.84            85.55          683        42.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 501
Maximum: 693
Weighted Average: 596

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                            4           $1,301,339.02                  3.28%       8.197%            355           78.08%           87.29%          612       14.17%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                           2              320,844.46                   0.81       11.427            343            62.66            62.66          560        22.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                           4              653,676.90                   1.65        8.691            355            80.00            91.99          588        26.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                           6            1,443,908.21                   3.64        9.795            355            73.96            73.96          586        31.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          30            6,633,696.32                  16.72        9.088            355            77.92            82.53          589        37.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                          45           12,504,239.01                  31.52        8.471            354            79.47            83.39          606        42.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                          54           14,587,277.63                  36.77        8.671            355            80.17            86.38          591        47.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          11            2,231,055.82                   5.62        8.861            354            81.84            87.34          588        52.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                156          $39,676,037.37                100.00%       8.736%            354           79.23%           84.33%          596       42.49%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 11.06%
Maximum: 54.97%
Weighted Average: 42.49%

2007-FRE1
Carrington Capital Management, LLC
In the State of Il, IN, MI, OH or PA

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 445
Aggregate Principal Balance ($): 72,320,634
Weighted Average Current Mortgage Rate (%): 8.708
Weighted Average Margin (%): 5.901
Weighted Average Maximum Rate (%): 14.754
Weighted Average Original Months to Roll: 26
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 84.60
% First Liens: 97.99
% Owner Occupied: 90.64
% Purchase: 28.33
% Full Documentation: 67.12
Non-Zero Weighted Average FICO Score: 603

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                3              $66,541.96                  0.09%      11.047%            177          100.00%          100.00%          652       35.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20 Fixed                                                                1               97,472.22                   0.13        7.600            237            78.40            78.40          629        46.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                               173           26,596,620.28                  36.78        8.924            357            79.24            83.70          588        39.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM 5YR-IO                                                          6            1,347,250.00                   1.86        7.477            357            83.49            87.41          646        47.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               80            7,869,766.30                  10.88        8.820            357            84.47            85.01          620        39.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                39            6,328,957.54                   8.75        8.406            357            80.60            87.58          609        36.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                          20            4,423,267.20                   6.12        8.632            357            79.58            83.61          599        41.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                           7            1,247,599.81                   1.73        8.268            357            85.27            86.66          603        39.66
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             7            1,236,696.96                   1.71        7.247            357            81.22            81.22          637        43.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          87           18,539,116.13                  25.63        8.762            357            81.67            85.68          609        42.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                          11            2,519,699.76                   3.48        8.852            357            85.65            85.65          601        35.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                            10            1,953,303.54                   2.70        7.782            357            72.99            74.50          615        40.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5YR-ARM                                                                 1               94,342.03                   0.13        8.940            357            90.00            90.00          599        45.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           2             $354,220.52                  0.49%       5.651%            356           80.00%          100.00%          660       41.37%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           6            2,175,690.15                   3.01        6.235            357            74.36            86.67          659        46.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          20            3,959,254.56                   5.47        6.838            357            80.92            82.28          645        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          26            6,321,679.12                   8.74        7.321            357            73.96            76.23          618        40.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          47            9,576,568.85                  13.24        7.802            356            79.75            83.44          621        39.23
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          55           10,260,712.16                  14.19        8.357            357            82.15            86.51          612        40.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          83           13,622,319.84                  18.84        8.840            357            84.45            88.71          602        41.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          58            9,091,670.64                  12.57        9.284            357            81.26            83.76          583        39.70
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         56            7,389,143.73                  10.22        9.774            357            82.23            86.33          575        39.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        28            3,673,905.84                   5.08       10.241            357            79.48            83.90          576        38.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        27            3,374,240.62                   4.67       10.772            357            79.43            79.84          560        42.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                        19            1,068,589.14                   1.48       11.360            353            85.45            90.17          601        36.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                        14            1,178,154.40                   1.63       11.729            353            79.71            81.31          567        38.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         3              246,105.83                   0.34       12.369            357            78.43            78.43          576        39.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         1               28,378.33                   0.04       12.575            357           100.00           100.00          607        49.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.550%
Maximum: 12.575%
Weighted Average: 8.708%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                       27             $958,826.74                  1.33%      10.864%            345           92.58%           92.58%          639       34.14%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                126            9,686,795.99                  13.39        9.425            356            82.49            86.14          594        38.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                               101           12,590,741.92                  17.41        8.939            357            79.84            84.76          598        39.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                84           14,519,073.73                  20.08        8.595            357            82.49            86.51          604        40.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                39            8,693,761.51                  12.02        8.836            357            80.50            82.18          593        41.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                24            6,659,122.16                   9.21        8.510            357            80.36            86.28          611        40.04
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                14            4,542,549.66                   6.28        8.537            357            80.53            83.26          610        41.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                 7            2,645,071.49                   3.66        8.172            358            80.96            86.62          623        37.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                 6            2,502,479.76                   3.46        8.327            358            83.08            86.35          605        39.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                 8            3,769,394.64                   5.21        8.238            357            85.49            86.72          625        44.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                 3            1,545,733.36                   2.14        7.799            357            84.30            84.30          627        34.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 2            1,174,585.46                   1.62        9.180            358            62.31            62.31          555        50.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
650,000.01 - 700,000.00                                                 1              694,456.17                   0.96        7.550            357            63.84            63.84          532        37.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
700,000.01 - 750,000.00                                                 1              740,608.12                   1.02        7.125            357            73.37            73.37          555        47.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
750,000.01 - 800,000.00                                                 2            1,597,433.02                   2.21        7.251            357            69.46            81.60          628        50.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $21,307.83
Maximum: $799,722.11
Weighted Average: $162,518.28

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               3              $66,541.96                  0.09%      11.047%            177          100.00%          100.00%          652       35.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               97,472.22                   0.13        7.600            237            78.40            78.40          629        46.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             441           72,156,619.55                  99.77        8.707            357            80.86            84.59          602        40.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               3              $66,541.96                  0.09%      11.047%            177          100.00%          100.00%          652       35.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
181 - 240                                                               1               97,472.22                   0.13        7.600            237            78.40            78.40          629        46.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                             441           72,156,619.55                  99.77        8.707            357            80.86            84.59          602        40.41
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 176 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.01 - 25.00                                                           2             $125,866.40                  0.17%       9.229%            357           22.52%           22.52%          535       37.27%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.01 - 40.00                                                           1               62,883.50                   0.09        8.450            357            37.06            37.06          592         4.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           3              350,603.81                   0.48        8.233            358            42.34            42.34          611        36.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.01 - 50.00                                                           1              346,807.81                   0.48        7.000            357            46.27            46.27          607        39.35
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.01 - 55.00                                                           6            1,221,457.23                   1.69        7.907            357            53.10            53.10          567        43.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
55.01 - 60.00                                                           2              223,510.48                   0.31        8.336            358            58.18            58.18          580        36.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                           9            2,032,767.14                   2.81        8.301            357            63.33            63.33          570        38.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
65.01 - 70.00                                                          22            3,048,786.23                   4.22        9.577            357            68.77            68.77          570        39.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                          41            7,849,067.83                  10.85        9.089            357            73.99            73.99          572        42.34
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                          91           16,597,951.29                  22.95        8.789            357            79.54            79.54          583        38.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                          45            8,073,959.84                  11.16        8.252            357            84.08            84.32          615        41.32
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                          75           13,319,059.15                  18.42        8.449            357            88.16            89.69          613        40.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                          19            3,047,654.22                   4.21        8.961            357            88.71            94.44          603        43.28
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                        128           16,020,258.80                  22.15        8.831            356            85.66            99.98          636        40.73
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 20.83%
Maximum: 100.00%
Weighted Average: 84.60%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            101          $11,223,780.98                 15.52%       8.469%            355           82.15%           82.80%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           1              179,623.24                   0.25        5.750            358            80.00           100.00          635        34.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000                                                           2            1,167,009.71                   1.61        6.187            357            69.03            91.98          645        50.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                           7            1,626,191.50                   2.25        6.751            357            86.01            87.48          651        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                          22            4,799,117.39                   6.64        7.968            357            76.62            77.74          596        41.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                          75           14,098,198.13                  19.49        8.445            357            79.04            81.41          598        39.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                          67           14,774,786.49                  20.43        8.546            357            81.32            84.93          608        39.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          44            7,073,700.72                   9.78        8.715            357            84.28            91.89          612        40.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                         126           17,378,225.57                  24.03        9.798            357            81.28            86.07          580        40.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.363%
Maximum: 6.990%
Non-Zero Weighted Average: 5.901%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            101          $11,223,780.98                 15.52%       8.469%            355           82.15%           82.80%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           2              354,220.52                   0.49        5.651            356            80.00           100.00          660        41.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           3            1,260,426.46                   1.74        6.206            357            70.22            91.46          645        49.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          11            2,316,203.44                   3.20        6.843            357            86.77            87.81          649        43.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                          17            4,473,093.70                   6.19        7.315            357            71.03            74.23          610        39.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                          38            8,268,920.00                  11.43        7.811            357            79.91            84.18          624        39.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          49            9,261,648.25                  12.81        8.354            357            81.89            86.22          610        40.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          71           12,599,037.38                  17.42        8.827            357            84.76            89.66          603        40.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          55            8,765,268.10                  12.12        9.287            357            81.03            83.41          582        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         43            6,336,042.43                   8.76        9.755            357            81.89            86.46          575        38.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                        23            3,296,396.50                   4.56       10.232            357            79.86            84.79          573        38.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                        16            2,671,928.08                   3.69       10.761            357            75.52            76.04          542        43.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         8              574,169.99                   0.79       11.373            357            72.92            81.71          558        41.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         6              742,536.37                   1.03       11.747            356            75.15            77.68          556        37.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         2              176,961.53                   0.24       12.465            357            70.00            70.00          562        36.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.550%
Maximum: 12.500%
Non-Zero Weighted Average: 8.754%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            101          $11,223,780.98                 15.52%       8.469%            355           82.15%           82.80%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         2              354,220.52                   0.49        5.651            356            80.00           100.00          660        41.37
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.001 - 12.500                                                         3            1,260,426.46                   1.74        6.206            357            70.22            91.46          645        49.72
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                        11            2,316,203.44                   3.20        6.843            357            86.77            87.81          649        43.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                        17            4,473,093.70                   6.19        7.315            357            71.03            74.23          610        39.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                        38            8,268,920.00                  11.43        7.811            357            79.91            84.18          624        39.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        49            9,261,648.25                  12.81        8.354            357            81.89            86.22          610        40.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        71           12,599,037.38                  17.42        8.827            357            84.76            89.66          603        40.94
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        55            8,765,268.10                  12.12        9.287            357            81.03            83.41          582        39.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        43            6,336,042.43                   8.76        9.755            357            81.89            86.46          575        38.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                        23            3,296,396.50                   4.56       10.232            357            79.86            84.79          573        38.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                        16            2,671,928.08                   3.69       10.761            357            75.52            76.04          542        43.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.001 - 17.500                                                         8              574,169.99                   0.79       11.373            357            72.92            81.71          558        41.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
17.501 - 18.000                                                         6              742,536.37                   1.03       11.747            356            75.15            77.68          556        37.16
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
18.001 - 18.500                                                         2              176,961.53                   0.24       12.465            357            70.00            70.00          562        36.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.550%
Maximum: 18.500%
Non-Zero Weighted Average: 14.754%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            101          $11,223,780.98                 15.52%       8.469%            355           82.15%           82.80%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 344           61,096,852.75                  84.48        8.752            357            80.64            84.93          599        40.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            101          $11,223,780.98                 15.52%       8.469%            355           82.15%           82.80%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                 344           61,096,852.75                  84.48        8.752            357            80.64            84.93          599        40.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                            101          $11,223,780.98                 15.52%       8.469%            355           82.15%           82.80%          621       40.53%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2008                                                           1              154,557.78                   0.21        8.300            346            80.00           100.00          594        46.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
June, 2008                                                              1              126,727.02                   0.18        9.260            351            80.00           100.00          634        40.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              4              640,890.61                   0.89        8.402            352            77.55            98.21          669        44.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            1               94,147.34                   0.13        7.050            353            80.00           100.00          661        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         8            1,228,515.48                   1.70        8.842            354            75.01            84.08          590        43.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                           4              540,082.49                   0.75       10.879            355            74.78            74.78          510        40.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                         12            1,589,108.85                   2.20        9.545            356            83.82            91.26          586        44.84
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                        150           28,338,448.02                  39.18        8.735            357            79.59            83.74          601        40.54
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                         105           18,193,776.02                  25.16        8.800            358            81.63            84.65          594        41.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2009                                                         1              114,026.51                   0.16        9.240            354            93.00            93.00          627        37.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           1               95,752.50                   0.13        9.350            355            80.00           100.00          550        48.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2009                                                          4              521,259.68                   0.72        8.195            356            79.91            91.86          624        30.31
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                         36            6,354,503.50                   8.79        8.532            357            83.68            88.32          603        37.63
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                          15            3,010,714.92                   4.16        8.433            358            79.94            82.68          611        34.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2011                                                          1               94,342.03                   0.13        8.940            357            90.00            90.00          599        45.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                    225          $44,520,211.08                 61.56%       8.612%            357           80.33%           84.72%          609       41.34%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                     35            3,416,738.62                   4.72        9.287            357            84.69            88.25          601        40.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                     23            3,331,359.76                   4.61        8.852            357            80.38            81.49          565        40.61
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
OH                                                                     39            4,292,195.88                   5.93        8.616            355            84.95            90.83          611        37.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                    123           16,760,128.39                  23.17        8.839            357            80.61            82.55          592        38.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 5

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                    50           $6,594,414.30                  9.12%       9.204%            357           79.84%           85.97%          622       42.85%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                        394           65,550,327.15                  90.64        8.659            357            80.96            84.42          601        40.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Second Home                                                             1              175,892.28                   0.24        8.390            357            90.00           100.00          649        47.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                         342          $52,081,836.41                 72.02%       8.736%            357           81.01%           83.85%          596       39.89%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           84           17,677,144.84                  24.44        8.564            357            79.85            85.64          618        42.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  19            2,561,652.48                   3.54        9.143            357            85.13            92.73          628        39.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cash Out                                                              273          $48,857,158.08                 67.56%       8.645%            357           78.89%           80.05%          593       40.17%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                              151           20,488,220.30                  28.33        8.935            356            85.27            95.53          623        40.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Refinance                                                              21            2,975,255.35                   4.11        8.178            357            83.18            84.01          609        41.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                    307          $48,542,183.40                 67.12%       8.562%            357           81.21%           83.84%          594       40.07%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   1              127,383.05                   0.18        9.850            358            85.00           100.00          573        44.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                  137           23,651,067.28                  32.70        9.002            357            80.17            86.07          620        41.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      77          $14,805,660.73                 20.47%       9.076%            357           81.74%           87.12%          622       39.60%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                    112           22,032,626.58                  30.47        8.660            357            80.63            84.46          598        41.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                    163           22,854,257.55                  31.60        8.685            357            79.99            82.91          593        40.14
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     93           12,628,088.87                  17.46        8.403            356            81.89            84.94          605        39.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 22

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                     413          $70,865,959.47                 97.99%       8.658%            357           80.49%           84.28%          602       40.51%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                      32            1,454,674.26                   2.01       11.120            349            99.87            99.87          650        35.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                              35           $5,213,677.62                  7.21%       9.886%            357           76.73%           77.90%          516       40.73%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                              46            7,052,110.22                   9.75        9.581            357            75.43            75.95          536        40.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              68           10,655,125.86                  14.73        9.011            357            78.16            80.08          561        40.67
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              49            8,611,299.03                  11.91        9.059            357            82.18            84.24          589        38.38
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              80           13,938,939.45                  19.27        8.521            357            81.77            84.08          613        41.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              89           15,721,642.95                  21.74        8.190            356            82.47            88.91          639        40.45
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              48            6,893,724.03                   9.53        8.122            356            84.14            91.89          664        41.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                              30            4,234,114.57                   5.85        7.824            357            85.07            93.16          683        38.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 501
Maximum: 698
Weighted Average: 603

22. Back Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.00 - 19.99                                                           23           $2,459,023.97                  3.40%       8.677%            356           81.59%           86.81%          615       16.47%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
20.00 - 24.99                                                          20            2,032,731.38                   2.81        8.914            357            81.64            81.64          598        22.90
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
25.00 - 29.99                                                          34            4,858,872.26                   6.72        9.201            357            80.74            82.58          587        27.74
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30.00 - 34.99                                                          52            8,703,400.43                  12.03        8.761            357            81.35            84.18          607        33.19
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
35.00 - 39.99                                                          71           12,729,166.41                  17.60        8.691            357            80.18            84.16          597        37.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.00 - 44.99                                                          95           15,178,498.18                  20.99        8.678            357            80.16            83.53          607        42.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
45.00 - 49.99                                                         118           21,486,280.99                  29.71        8.556            356            82.17            85.70          607        47.75
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50.00 - 54.99                                                          32            4,872,660.11                   6.74        8.860            357            77.82            87.08          584        52.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                445          $72,320,633.73                100.00%       8.708%            357           80.88%           84.60%          603       40.41%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 3.92%
Maximum: 54.94%
Weighted Average: 40.41%

2007-FRE1
Carrington Capital Management, LLC
First Time Homebuyer

1. Summary Statistics

Cut-Off Date: 3/1/2007
Number of Mortgage Loans: 98
Aggregate Principal Balance ($): 22,150,771
Weighted Average Current Mortgage Rate (%): 8.422
Weighted Average Margin (%): 5.946
Weighted Average Maximum Rate (%): 14.407
Weighted Average Original Months to Roll: 26
Weighted Average Stated Original Term (months): 360
Weighted Average Stated Remaining Term (months): 357
Weighted Average Combined Original LTV (%): 93.81
% First Liens: 95.21
% Owner Occupied: 97.35
% Purchase: 100.00
% Full Documentation: 47.65
Non-Zero Weighted Average FICO Score: 618

2. Product Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Product Type                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15 Fixed                                                                1              $22,092.33                  0.10%       9.990%            178          100.00%          100.00%          601       49.72%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2YR-ARM                                                                17            3,678,915.90                  16.61        8.686            357            79.55            90.68          595        43.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
30 Fixed                                                               20            1,934,547.53                   8.73        9.231            357            92.68            95.69          647        39.95
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3YR-ARM                                                                 9            1,832,412.42                   8.27        8.565            357            82.05            94.42          629        38.07
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 2YR-ARM                                                           9            2,287,349.24                  10.33        7.554            357            79.53            92.79          627        43.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 3YR-ARM                                                           1               86,651.59                   0.39        8.100            358            85.00           100.00          624        25.80
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40/30 Fixed                                                             1              400,964.21                   1.81        7.250            358            75.00            75.00          628        49.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 2YR-ARM                                                          34            9,607,917.88                  43.38        8.455            357            84.97            96.08          615        42.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 3YR-ARM                                                           5            1,767,731.27                   7.98        8.515            358            87.36            88.59          618        43.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50/30 Fixed                                                             1              532,188.32                   2.40        6.850            357            75.00           100.00          665        43.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

3. Current Gross Mortgage Rate (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Mortgage Rate (%)                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           1             $179,623.24                  0.81%       5.750%            358           80.00%          100.00%          635       34.36%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                           1              226,384.02                   1.02        6.440            358            80.00           100.00          692        51.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                           8            3,272,380.45                  14.77        6.697            358            81.31            91.70          640        44.87
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                           9            2,840,527.54                  12.82        7.369            357            80.42            94.09          637        43.42
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                           7            2,123,569.28                   9.59        7.817            357            82.16            94.11          643        42.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          11            2,588,456.86                  11.69        8.313            358            83.27            91.62          616        39.33
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          13            2,885,460.44                  13.03        8.712            357            82.01            92.55          591        45.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          15            3,502,204.52                  15.81        9.259            356            86.91            94.14          605        44.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         14            3,105,566.95                  14.02        9.719            356            83.23            94.78          593        39.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                         8              792,607.53                   3.58       10.321            357            94.38            99.09          616        31.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         3              199,816.01                   0.90       10.879            358            99.62            99.62          641        37.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500                                                         7              389,201.35                   1.76       11.482            357           100.00           100.00          650        41.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         1               44,972.50                   0.20       11.725            358           100.00           100.00          635        42.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 5.750%
Maximum: 11.725%
Weighted Average: 8.422%

4. Current Unpaid Principal Balance ($)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Unpaid Principal Balance ($)                                Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0.01 - 50,000.00                                                        6             $195,912.76                  0.88%      11.219%            337          100.00%          100.00%          652       37.90%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
50,000.01 - 100,000.00                                                 19            1,484,423.12                   6.70        9.747            357            91.95            96.26          622        35.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
100,000.01 - 150,000.00                                                15            1,808,942.44                   8.17        9.177            357            86.37            96.44          610        44.29
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
150,000.01 - 200,000.00                                                11            1,901,306.38                   8.58        8.403            357            87.28            99.59          605        42.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
200,000.01 - 250,000.00                                                11            2,377,861.77                  10.73        8.683            357            83.86            95.83          629        39.02
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
250,000.01 - 300,000.00                                                 6            1,686,416.88                   7.61        8.468            357            81.15            96.76          620        43.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
300,000.01 - 350,000.00                                                 7            2,241,683.93                  10.12        8.108            357            82.79            92.78          624        37.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
350,000.01 - 400,000.00                                                 7            2,624,827.28                  11.85        8.335            357            80.97            97.52          614        43.78
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
400,000.01 - 450,000.00                                                 7            2,908,253.87                  13.13        8.324            357            85.67            90.59          622        44.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
450,000.01 - 500,000.00                                                 4            1,952,821.50                   8.82        8.059            356            77.60            91.45          602        44.98
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
500,000.01 - 550,000.00                                                 1              532,188.32                   2.40        6.850            357            75.00           100.00          665        43.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
550,000.01 - 600,000.00                                                 2            1,170,803.69                   5.29        7.839            357            87.48            87.48          625        45.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
600,000.01 - 650,000.00                                                 2            1,265,328.75                   5.71        7.552            358            78.19            78.19          608        47.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: $22,092.33
Maximum: $649,459.92
Weighted Average: $226,028.27

5. Original Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Original Term (months)                                              Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1              $22,092.33                  0.10%       9.990%            178          100.00%          100.00%          601       49.72%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                              97           22,128,678.36                  99.90        8.420            357            83.71            93.80          618        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 180 months
Maximum: 360 months
Weighted Average: 360 months

6. Remaining Term (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Remaining Term (months)                                             Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
121 - 180                                                               1              $22,092.33                  0.10%       9.990%            178          100.00%          100.00%          601       49.72%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
301 - 360                                                              97           22,128,678.36                  99.90        8.420            357            83.71            93.80          618        42.43
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 178 months
Maximum: 358 months
Weighted Average: 357 months

7. Combined Original Loan-to-Value Ratio (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Combined Original Loan-to-Value Ratio (%)                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
40.01 - 45.00                                                           1              $79,879.69                  0.36%       7.450%            358           44.44%           44.44%          525       23.86%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00                                                           1              477,186.76                   2.15        8.650            358            65.00            65.00          551        48.59
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
70.01 - 75.00                                                           2              543,256.67                   2.45        7.866            358            75.00            75.00          625        43.53
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
75.01 - 80.00                                                           6            2,593,002.27                  11.71        8.214            357            79.12            79.12          611        42.51
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00                                                           3              959,800.19                   4.33        7.149            358            85.00            85.00          610        43.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
85.01 - 90.00                                                           8            2,242,775.26                  10.13        8.612            357            90.00            90.00          622        42.18
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
90.01 - 95.00                                                           7            1,976,790.91                   8.92        8.958            357            88.84            94.39          604        44.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
95.01 - 100.00                                                         70           13,278,078.94                  59.94        8.463            357            83.98            99.97          625        41.91
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 44.44%
Maximum: 100.00%
Weighted Average: 93.81%

8. Current Gross Margin (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Current Gross Margin (%)                                            Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             23           $2,889,792.39                 13.05%       8.523%            356           87.03%           93.65%          647       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
3.001 - 3.500                                                           1              179,623.24                   0.81        5.750            358            80.00           100.00          635        34.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.001 - 4.500                                                           4            1,963,294.31                   8.86        6.660            358            80.34            87.70          627        45.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
4.501 - 5.000                                                           5            1,529,600.41                   6.91        7.300            357            82.12            99.79          637        43.27
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500                                                           8            2,821,845.87                  12.74        7.556            357            82.14            96.85          651        42.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           8            1,660,666.76                   7.50        8.112            358            85.88            94.22          617        40.12
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.001 - 6.500                                                          18            4,170,990.15                  18.83        8.676            357            81.76            91.07          598        43.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                          31            6,934,957.56                  31.31        9.469            357            85.08            94.43          598        41.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 3.363%
Maximum: 6.990%
Non-Zero Weighted Average: 5.946%

9. Minimum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Minimum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             23           $2,889,792.39                 13.05%       8.523%            356           87.03%           93.65%          647       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
5.501 - 6.000                                                           1              179,623.24                   0.81        5.750            358            80.00           100.00          635        34.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
6.501 - 7.000                                                           6            2,436,400.25                  11.00        6.675            358            81.60            90.09          632        45.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.001 - 7.500                                                           7            2,359,683.64                  10.65        7.386            357            82.56            99.01          642        43.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
7.501 - 8.000                                                           7            2,123,569.28                   9.59        7.817            357            82.16            94.11          643        42.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.001 - 8.500                                                          10            2,432,479.84                  10.98        8.324            358            82.52            91.41          616        38.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
8.501 - 9.000                                                          13            2,885,460.44                  13.03        8.712            357            82.01            92.55          591        45.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.001 - 9.500                                                          15            3,502,204.52                  15.81        9.259            356            86.91            94.14          605        44.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
9.501 - 10.000                                                         11            2,875,269.99                  12.98        9.716            357            82.35            94.36          591        39.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.001 - 10.500                                                         4              400,359.13                   1.81       10.308            357            88.88            98.20          585        38.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
10.501 - 11.000                                                         1               65,927.97                   0.30       10.950            357           100.00           100.00          619        19.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 5.750%
Maximum: 10.950%
Non-Zero Weighted Average: 8.407%

10. Maximum Mortgage Rates (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Maximum Mortgage Rates (%)                                          Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             23           $2,889,792.39                 13.05%       8.523%            356           87.03%           93.65%          647       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
11.501 - 12.000                                                         1              179,623.24                   0.81        5.750            358            80.00           100.00          635        34.36
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12.501 - 13.000                                                         6            2,436,400.25                  11.00        6.675            358            81.60            90.09          632        45.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.001 - 13.500                                                         7            2,359,683.64                  10.65        7.386            357            82.56            99.01          642        43.05
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
13.501 - 14.000                                                         7            2,123,569.28                   9.59        7.817            357            82.16            94.11          643        42.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.001 - 14.500                                                        10            2,432,479.84                  10.98        8.324            358            82.52            91.41          616        38.82
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
14.501 - 15.000                                                        13            2,885,460.44                  13.03        8.712            357            82.01            92.55          591        45.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.001 - 15.500                                                        15            3,502,204.52                  15.81        9.259            356            86.91            94.14          605        44.10
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
15.501 - 16.000                                                        11            2,875,269.99                  12.98        9.716            357            82.35            94.36          591        39.46
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.001 - 16.500                                                         4              400,359.13                   1.81       10.308            357            88.88            98.20          585        38.85
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
16.501 - 17.000                                                         1               65,927.97                   0.30       10.950            357           100.00           100.00          619        19.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 11.750%
Maximum: 16.950%
Non-Zero Weighted Average: 14.407%

11. Initial Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Cap (%)                                                     Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             23           $2,889,792.39                 13.05%       8.523%            356           87.03%           93.65%          647       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                  75           19,260,978.30                  86.95        8.407            357            83.23            93.83          614        42.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

12. Periodic Cap (%)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Periodic Cap (%)                                                    Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             23           $2,889,792.39                 13.05%       8.523%            356           87.03%           93.65%          647       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1.500                                                                  75           19,260,978.30                  86.95        8.407            357            83.23            93.83          614        42.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Zero Minimum: 1.500%
Maximum: 1.500%
Non-Zero Weighted Average: 1.500%

13. Initial Interest Rate Adjustment Date

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Initial Interest Rate Adjustment Date                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Fixed Rate                                                             23           $2,889,792.39                 13.05%       8.523%            356           87.03%           93.65%          647       42.04%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
July, 2008                                                              1              275,264.09                   1.24        7.550            352            80.00           100.00          676        43.69
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
August, 2008                                                            1               94,147.34                   0.43        7.050            353            80.00           100.00          661        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
September, 2008                                                         1              438,568.11                   1.98        9.125            354            80.00            80.00          600        45.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2008                                                           3            1,090,130.77                   4.92        8.178            355            83.27           100.00          588        46.77
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
November, 2008                                                          5            1,401,545.15                   6.33        9.236            356            86.32            95.86          595        44.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2008                                                         27            6,485,961.90                  29.28        8.639            357            81.94            97.27          617        41.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2009                                                          22            5,788,565.66                  26.13        7.918            358            83.47            90.30          612        43.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
October, 2009                                                           1              313,673.96                   1.42        9.875            355            80.00            80.00          596        32.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
December, 2009                                                          9            1,671,451.44                   7.55        8.263            357            87.01            94.24          620        41.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
January, 2010                                                           5            1,701,669.88                   7.68        8.545            358            83.22            91.48          632        41.44
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

14. State

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
State                                                               Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CA                                                                     16           $4,156,048.30                 18.76%       8.084%            357           85.11%           95.80%          624       38.78%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CO                                                                      1              532,188.32                   2.40        6.850            357            75.00           100.00          665        43.71
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
CT                                                                      1              287,800.60                   1.30        7.350            358            80.00           100.00          615        43.62
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
DC                                                                      1              404,910.31                   1.83        9.400            357            90.00           100.00          617        44.57
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FL                                                                     14            3,446,623.95                  15.56        9.250            357            82.35            92.25          593        44.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
GA                                                                      2              158,929.92                   0.72        9.175            357            84.00           100.00          667        40.68
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
HI                                                                      3            1,241,503.90                   5.60        8.166            357            85.25            91.20          590        43.39
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ID                                                                      1              231,572.75                   1.05        8.470            357            80.00            80.00          612        31.00
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IL                                                                      4              544,249.71                   2.46        8.351            354            80.95           100.00          651        45.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
IN                                                                      1               94,147.34                   0.43        7.050            353            80.00           100.00          661        48.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MA                                                                      6            1,240,775.70                   5.60        8.546            357            82.09            91.92          639        42.09
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MD                                                                      2              649,891.68                   2.93        9.101            358            92.26            92.26          602        45.06
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ME                                                                      1               79,879.69                   0.36        7.450            358            44.44            44.44          525        23.86
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MI                                                                      1               71,992.89                   0.33       10.400            358            90.00            90.00          576        40.60
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NC                                                                      1               65,927.97                   0.30       10.950            357           100.00           100.00          619        19.22
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NE                                                                      1               79,676.23                   0.36        9.300            357            95.00            95.00          601        37.13
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NJ                                                                      5            1,213,862.96                   5.48        8.435            356            80.70            89.84          625        38.89
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NV                                                                      1              200,833.81                   0.91        8.250            358            90.00            99.99          644        39.20
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NY                                                                     13            4,676,448.65                  21.11        8.217            357            81.32            92.33          624        44.08
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PA                                                                      3              386,536.10                   1.75        6.969            358            90.71           100.00          644        40.55
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
RI                                                                      1              202,452.43                   0.91        9.250            357            90.00            90.00          611        45.15
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
SC                                                                      3              306,115.00                   1.38        8.993            357            92.45            96.03          598        41.99
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TN                                                                      2              188,165.47                   0.85        9.071            357            87.70           100.00          586        40.03
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TX                                                                      9              990,252.95                   4.47        8.380            354            89.69            96.14          638        45.65
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
VA                                                                      2              327,878.27                   1.48        7.310            358            80.00           100.00          650        50.11
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WA                                                                      1              189,861.90                   0.86        9.650            357            90.00           100.00          562        34.50
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WI                                                                      2              182,243.89                   0.82        8.427            357            87.10            91.29          581        49.79
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Number of States Represented: 27

15. Occupancy

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Occupancy                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Investment Property                                                     2             $587,623.17                  2.65%       9.863%            356           73.48%           89.32%          594       41.29%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied                                                         96           21,563,147.52                  97.35        8.383            357            84.01            93.93          619        42.47
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

16. Property Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Property Type                                                       Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Single Family                                                          64          $13,471,881.78                 60.82%       8.495%            357           83.95%           93.53%          618       42.24%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Multi Family                                                           22            6,300,524.96                  28.44        8.151            356            82.25            92.97          617        43.81
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Condo                                                                  12            2,378,363.95                  10.74        8.727            357            86.37            97.56          626        39.96
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

17. Loan Purpose

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Loan Purpose                                                        Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Purchase                                                               98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

18. Documentation Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Documentation Type                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Full Documentation                                                     48          $10,554,978.64                 47.65%       7.861%            357           83.97%           93.46%          614       43.57%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Limited Documentation                                                   2              369,306.71                   1.67        8.107            358            85.00            85.00          592        39.01
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Stated Documentation                                                   48           11,226,485.34                  50.68        8.960            357            83.46            94.42          623        41.49
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

19. Prepayment Penalty Terms (months)

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Prepayment Penalty Terms (months)                                   Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0                                                                      30           $5,877,934.16                 26.54%       8.670%            356           83.74%           92.67%          627       41.39%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
12                                                                     18            5,305,969.51                  23.95        8.050            357            84.28            92.29          622        43.92
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
24                                                                     40            9,129,753.79                  41.22        8.603            357            83.10            94.82          607        42.30
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
36                                                                     10            1,837,113.23                   8.29        7.802            357            85.19            96.80          636        42.21
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Minimum: 0
Maximum: 36
Non-Zero Weighted Average: 21

20. Lien Type

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Lien Type                                                           Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1                                                                      82          $21,090,479.30                 95.21%       8.301%            357           82.91%           93.50%          617       42.77%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2                                                                      16            1,060,291.39                   4.79       10.825            353            99.93            99.93          647        35.97
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

21. Credit Score Range

- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Credit Score Range                                                  Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
501 - 525                                                               1              $79,879.69                  0.36%       7.450%            358           44.44%           44.44%          525       23.86%
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
526 - 550                                                               2              663,723.47                   3.00        8.780            356            86.29           100.00          532        47.76
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
551 - 575                                                              13            2,603,541.80                  11.75        9.204            357            80.61            91.97          559        40.56
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
576 - 600                                                              15            3,342,085.66                  15.09        9.171            357            83.00            92.81          593        43.83
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
601 - 625                                                              20            5,176,240.92                  23.37        8.170            357            85.77            88.91          614        43.64
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
626 - 650                                                              26            6,097,705.74                  27.53        8.355            357            84.57            95.51          639        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
651 - 675                                                              16            3,446,112.72                  15.56        7.721            357            82.83            99.12          662        41.17
- -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
676 - 700                                                               5              741,480.69                   3.35        7.646            356            82.91           100.00          683        47.91
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Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
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Minimum: 525
Maximum: 692
Weighted Average: 618

22. Back Ratio (%)

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                                                                                                           % of Mortgage     Weighted       Weighted
                                                                                                            Loan Pool by      Average        Average                          Weighted
                                                                Number of               Aggregate              Aggregate        Gross      Remaining         Weighted          Average     Weighted     Weighted
                                                                 Mortgage            Cut-Off Date           Cut-Off Date     Interest           Term          Average         Combined      Average      Average
Back Ratio (%)                                                      Loans       Principal Balance      Principal Balance         Rate        (months)    Original LTV     Original LTV         FICO          DTI
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0.00 - 19.99                                                            4             $560,490.68                  2.53%       9.969%            357           91.36%          100.00%          590       14.58%
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20.00 - 24.99                                                           3              204,710.26                   0.92        9.340            357            78.32            78.32          600        22.85
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25.00 - 29.99                                                           5              564,003.81                   2.55        9.179            358            82.74            93.69          633        27.14
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30.00 - 34.99                                                           9            1,891,078.50                   8.54        8.285            357            84.04            90.41          611        33.37
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35.00 - 39.99                                                          11            2,901,843.88                  13.10        8.193            357            82.63            96.97          633        37.74
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40.00 - 44.99                                                          23            5,804,161.30                  26.20        8.446            357            83.75            97.16          623        42.86
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45.00 - 49.99                                                          36            8,968,720.65                  40.49        8.253            357            84.15            90.44          615        47.40
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50.00 - 54.99                                                           7            1,255,761.61                   5.67        9.074            357            80.59           100.00          606        52.07
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Total:                                                                 98          $22,150,770.69                100.00%       8.422%            357           83.73%           93.81%          618       42.44%
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Minimum: 5.02%
Maximum: 54.61%
Weighted Average: 42.44%

Carrington Mortgage Loan Trust, Series 2007-FRE1 Inactive FWPFree writing prospectus